WEBVTT 00:00.892 --> 00:02.213 [SPEAKER_00]: Pitch it as you're 52 years old. 00:02.233 --> 00:08.336 [SPEAKER_00]: Hey, let's go to 62 years old and for the last 40 years, you've been working hard your entire life. 00:08.976 --> 00:12.258 [SPEAKER_00]: You've done everything the world told you to do. 00:12.518 --> 00:14.019 [SPEAKER_00]: You showed up, you paid your bills. 00:15.100 --> 00:18.201 [SPEAKER_00]: You put a little bit of extra inside your 401k whenever you could. 00:18.502 --> 00:24.125 [SPEAKER_00]: But every time you check your account, your retirement account, your investment portfolio, your stomach drops. 00:24.645 --> 00:27.186 [SPEAKER_00]: Because you're seeing a headlines that you need 1.46 million dollars 00:30.428 --> 00:33.711 [SPEAKER_00]: and you look at your balance and maybe you only have $30,000. 00:33.811 --> 00:37.734 [SPEAKER_00]: Maybe you have $200,000 if you've really been lucky here lately. 00:38.295 --> 00:44.640 [SPEAKER_00]: And you feel like you're starting to drown, and you start to wonder, heck, am I too late? 00:45.581 --> 00:47.823 [SPEAKER_00]: Is my family doomed to struggle forever? 00:48.604 --> 00:50.966 [SPEAKER_00]: Will I ever get too rest? 00:51.766 --> 00:54.389 [SPEAKER_00]: Will I have to work my job for the rest of my life? 00:55.404 --> 00:58.028 [SPEAKER_00]: that fear and that frustration is real. 00:58.929 --> 01:10.046 [SPEAKER_00]: And you're not alone in this situation, but what if I told you that the real danger isn't how much you saved is what you believed about your personal future? 01:12.920 --> 01:16.484 [SPEAKER_00]: By the end of this episode, you're gonna know exactly what to do next. 01:17.165 --> 01:29.219 [SPEAKER_00]: No matter your age, no matter your income, and no matter about how far behind you may feel currently right now, because I really do wanna be brutally honest on today's episode. 01:30.179 --> 01:36.502 [SPEAKER_00]: Most Americans are nowhere near that $1.46 million quote unquote magic number. 01:37.422 --> 01:40.383 [SPEAKER_00]: That number honestly just jumped up to leave about $200,000 within the last 12 months. 01:43.231 --> 01:47.172 [SPEAKER_00]: Now, wow, that's addressed this up front, because everything costs more. 01:47.292 --> 01:58.956 [SPEAKER_00]: Groceries costs more gas, healthcare, rent, homes, and people who in every time an age are starting to feel like they have to pay more for even just medical stuff. 01:59.556 --> 02:05.938 [SPEAKER_00]: And the truth is, the median retirement savings for most people is close to two about $200,000. 02:05.958 --> 02:09.019 [SPEAKER_00]: Listen, that's not a false number. 02:12.911 --> 02:13.791 [SPEAKER_00]: That's the real number. 02:14.632 --> 02:18.593 [SPEAKER_00]: So when you hear 1.46 million dollars, it feels almost impossible. 02:19.393 --> 02:22.794 [SPEAKER_00]: And here's, I believe what happens. 02:23.694 --> 02:24.955 [SPEAKER_00]: You hear the number in you freeze. 02:25.315 --> 02:26.855 [SPEAKER_00]: You hear the number in you stop trying. 02:27.215 --> 02:28.656 [SPEAKER_00]: You hear the number you say, oh, the hell with this? 02:29.276 --> 02:30.857 [SPEAKER_00]: You tell yourself, well, why even bother? 02:31.297 --> 02:32.597 [SPEAKER_00]: I'll never get there, right? 02:33.097 --> 02:38.239 [SPEAKER_00]: I'll never be able to get to 1.46 million dollars, but let me tell you something upfront. 02:42.810 --> 02:48.413 [SPEAKER_00]: The government, as we see it's breastless with this current administration, they don't care about your retirement. 02:49.353 --> 02:50.394 [SPEAKER_00]: They don't care about you. 02:51.314 --> 02:53.956 [SPEAKER_00]: Hope is not a wealth building strategy. 02:54.596 --> 03:06.342 [SPEAKER_00]: If you keep waiting for a miracle, you'll wake up at 65 with nothing but regrets and working at a McDonald's situation at 65 at 70 or so to 2 a.m. in a morning just to live. 03:08.043 --> 03:09.284 [SPEAKER_00]: I'm sorry, Christian people. 03:09.544 --> 03:11.345 [SPEAKER_00]: We gotta stop praying only. 03:13.053 --> 03:16.095 [SPEAKER_00]: and we have to really start putting a plan and strategy together. 03:16.976 --> 03:24.680 [SPEAKER_00]: That $1.46 million, no is not a requirement, but it is a reflection of fear, I feel. 03:25.581 --> 03:40.511 [SPEAKER_00]: People are scared of inflation, of living longer, which is a good thing, of healthcare, cost rising, of social security, honestly running out, and the system is honestly feeding that fear, but I believe here was the truth 03:43.258 --> 03:46.260 [SPEAKER_00]: Most people are fearful because they don't have a plan. 03:47.220 --> 03:53.003 [SPEAKER_00]: They're fearful because they're guessing they're hoping and they're waiting for an inheritance that's never coming. 03:53.984 --> 04:03.829 [SPEAKER_00]: Because I think the study was one in five Americans expect to receive some sort of inheritance. 04:04.109 --> 04:11.193 [SPEAKER_00]: And 42% of adults, especially Gen Z and millennials, are still relying on their parents for money. 04:13.432 --> 04:14.232 [SPEAKER_00]: That's not a plan. 04:16.813 --> 04:18.574 [SPEAKER_00]: I'm seeing that that is a cycle. 04:19.395 --> 04:26.598 [SPEAKER_00]: And if you don't break it today, your kids will be having the same conversation in the next 30 years from now. 04:28.499 --> 04:29.839 [SPEAKER_00]: Wealth is built on purpose. 04:29.879 --> 04:32.820 [SPEAKER_00]: Wealth is built on strategy, not by accident. 04:34.041 --> 04:38.783 [SPEAKER_00]: Wealth is built on sitting down and coming up with a system that is going to help you get there. 04:39.860 --> 04:42.683 [SPEAKER_00]: not solely by praying God I'm believing in you. 04:43.124 --> 04:45.447 [SPEAKER_00]: Get your behind up and get to work. 04:47.169 --> 04:50.412 [SPEAKER_00]: And so I want to talk about real quick, let the next two minutes. 04:51.353 --> 04:52.073 [SPEAKER_00]: about the gap. 04:52.654 --> 04:57.617 [SPEAKER_00]: The gap between what people think they need and what they actually have. 04:58.517 --> 05:09.584 [SPEAKER_00]: The gap between Jen X, I believe, who feel hopeless and behind and Jen Z, who are honestly they starting earlier than any other generation before. 05:10.365 --> 05:12.526 [SPEAKER_00]: Even before my generation millennial generation, right? 05:13.127 --> 05:16.869 [SPEAKER_00]: More than half of Jen X doesn't believe they'll be ready for retirement. 05:17.775 --> 05:24.241 [SPEAKER_00]: many expect to work in retirement, not because they want to, but because they have to. 05:24.761 --> 05:27.043 [SPEAKER_00]: They are expecting to die working. 05:28.884 --> 05:39.854 [SPEAKER_00]: Meanwhile, the generation behind me, Gen Z, is getting in earlier start using financial advisors and using AI tools like my app in the black. 05:39.894 --> 05:42.436 [SPEAKER_00]: But here's, here's a no-part. 05:43.241 --> 05:52.609 [SPEAKER_00]: No matter your age, you can close the gap, but you have to stop comparing yourself to a headline and start building your own plan and strategy. 05:54.150 --> 06:08.282 [SPEAKER_00]: Because the only number that matters is the one that gets you and your family financially free, that gets you to a point to where you no longer have to exchange your time for money, you can start exchanging your money to buy back some of your time. 06:09.546 --> 06:10.326 [SPEAKER_00]: Check this out family. 06:10.946 --> 06:16.749 [SPEAKER_00]: Did you know that nearly 4 in 10 Americans still have zero money invested in the stock market? 06:17.549 --> 06:20.690 [SPEAKER_00]: That's a gap where wealth is built or missed. 06:21.390 --> 06:32.154 [SPEAKER_00]: If you're just saving, you're falling behind because the market's average close to about a 10% a year for a century while your savings account is barely keeping up with inflation. 06:32.634 --> 06:33.434 [SPEAKER_00]: I want to make this plan. 06:33.594 --> 06:40.237 [SPEAKER_00]: If you wait just five years to start investing, you could lose out on hundreds of thousands of dollars in future wealth. 06:40.438 --> 06:41.138 [SPEAKER_00]: That's not hype. 06:41.238 --> 06:41.918 [SPEAKER_00]: That's real math. 06:42.018 --> 06:49.982 [SPEAKER_00]: The wealthiest 10% of Americans now own over 90% of all sides, because they started and they stayed consistent. 06:50.282 --> 06:54.844 [SPEAKER_00]: But here's the thing, you don't need to be rich to honestly get inside of the investment game. 06:55.085 --> 07:07.831 [SPEAKER_00]: With platforms like SoFi Invest, Public and Moo Moo, you can open the account today, start with as little as $1 literally and buy fractional shares of the same assets that have built generation of wealth for millions. 07:08.091 --> 07:11.133 [SPEAKER_00]: No commissions, 100% no excuses on your read. 07:11.213 --> 07:14.695 [SPEAKER_00]: Listen, I need you to hear me clearly, stop sitting on the sidelines. 07:14.855 --> 07:22.979 [SPEAKER_00]: Go to anthonyonio.com for session best right now to compare the top investing platforms and opening your first investing account today. 07:23.219 --> 07:28.101 [SPEAKER_00]: Your future self and your children's children will thank you for taking action right now. 07:28.742 --> 07:33.284 [SPEAKER_00]: We have to start building well, not just watching others get rich. 07:34.104 --> 07:36.185 [SPEAKER_00]: Do not let another year go by. 07:36.365 --> 07:38.325 [SPEAKER_00]: As a matter of fact, don't let another day go by. 07:38.825 --> 07:39.866 [SPEAKER_00]: Take the first step, family. 07:40.266 --> 07:42.887 [SPEAKER_00]: Visit anthonyonil.com for Sasha Invest. 07:43.447 --> 07:44.107 [SPEAKER_00]: Let's get to work. 07:44.347 --> 07:46.068 [SPEAKER_00]: Let's start investing ASAP. 07:46.628 --> 07:47.628 [SPEAKER_00]: Let's get back to the show. 07:48.188 --> 07:53.270 [SPEAKER_00]: So for the next eight minutes, Max, I want to get very practical. 07:54.412 --> 07:59.738 [SPEAKER_00]: I want to show you exactly what you need to do step by step, no matter where you are. 08:00.018 --> 08:03.802 [SPEAKER_00]: And literally, I really want to break this down for every A-s group. 08:04.583 --> 08:07.086 [SPEAKER_00]: So you know what to do right now. 08:08.430 --> 08:11.452 [SPEAKER_00]: but I want to give you some practical things that everybody needs to do. 08:11.932 --> 08:12.232 [SPEAKER_00]: All right? 08:12.632 --> 08:14.893 [SPEAKER_00]: So number one, hopefully every could put this up on the screen for them. 08:15.273 --> 08:19.195 [SPEAKER_00]: Number one, I want you to define comfortable for you. 08:19.976 --> 08:21.697 [SPEAKER_00]: All right, I want to say that one more time. 08:22.357 --> 08:32.222 [SPEAKER_00]: I want you to define what is comfortable for you when your family, not what the world says is comfortable, not what Instagram, a TikTok, and Twitter, and YouTube, and it's comfortable. 08:32.602 --> 08:35.624 [SPEAKER_00]: No, cut off all social media and define 08:38.005 --> 08:39.346 [SPEAKER_00]: Now why does this matter? 08:39.826 --> 08:42.828 [SPEAKER_00]: Because if you don't know your target, you'll never hit it. 08:44.149 --> 08:44.870 [SPEAKER_00]: You'll never hit it. 08:46.531 --> 08:48.512 [SPEAKER_00]: Now how do you do this? 08:48.993 --> 08:49.913 [SPEAKER_00]: One, you write it down. 08:50.454 --> 08:53.816 [SPEAKER_00]: Write down what a comfortable retirement looks like for you and your family. 08:54.176 --> 08:54.957 [SPEAKER_00]: Is this traveling? 08:55.397 --> 08:56.738 [SPEAKER_00]: Is this just peace of mind? 08:56.958 --> 08:58.920 [SPEAKER_00]: Is this maybe having a paid off home? 08:59.520 --> 09:00.901 [SPEAKER_00]: Like for an example, let me give you an example. 09:04.715 --> 09:06.956 [SPEAKER_00]: and enough to cover your regular bills. 09:07.116 --> 09:15.080 [SPEAKER_00]: Now for others, washes like my mom, it's helping grandkids and being there for grandkids and helping a grandkids for college. 09:15.780 --> 09:23.224 [SPEAKER_00]: So here is the, I would say the common mistake that I see a lot of people make in this particular situation. 09:23.864 --> 09:28.847 [SPEAKER_00]: They start chasing someone else's dream that they see on TikTok, that they see on Instagram. 09:30.243 --> 09:32.244 [SPEAKER_00]: And that is a mistake that I need you to avoid. 09:32.564 --> 09:35.226 [SPEAKER_00]: Now, here's how you get a quick win tonight. 09:35.886 --> 09:41.088 [SPEAKER_00]: I need you to spend some time in right down your top three financial goals. 09:42.029 --> 09:50.553 [SPEAKER_00]: And share them either with your spouse or someone specifically trust because this is important because you need two people, or at least one other person to hold you accountable, right? 09:50.973 --> 09:51.874 [SPEAKER_00]: Now, let's get into number two. 09:52.839 --> 09:53.560 [SPEAKER_00]: This is important. 09:54.240 --> 10:02.668 [SPEAKER_00]: And this is where you're going to really get inside of your in the black app, go to anthonyoneo.com for slash app and download it. 10:02.988 --> 10:04.910 [SPEAKER_00]: Because number two is you've got to know your number. 10:06.051 --> 10:06.712 [SPEAKER_00]: No more guessing. 10:07.733 --> 10:09.694 [SPEAKER_00]: And here's why this one specifically matters. 10:10.255 --> 10:12.217 [SPEAKER_00]: You cannot fix what you will not face. 10:13.258 --> 10:19.320 [SPEAKER_00]: So you need to list your income, let's all your expenses, let's all your debts, and let's all your current savings. 10:19.700 --> 10:28.143 [SPEAKER_00]: For an example, if you spend $3,000 a month, that's $36,000 a year, you're gonna multiply that by $25 or a rough retirement target, right? 10:28.963 --> 10:37.509 [SPEAKER_00]: Now the common mistake within this particular one is that people tend to ignore like their student loan debt and and and pretend like that doesn't matter. 10:37.549 --> 10:49.057 [SPEAKER_00]: No, no, I need to list every single thing and be honest and make sure that you know your exact number and the quickest way to do that you can have that done within the next hour. 10:49.557 --> 10:56.983 [SPEAKER_00]: is by downloading the end-of-black app you can do it for a quarter or four year and you will have your number by the end of day today. 10:57.043 --> 11:01.727 [SPEAKER_00]: Just go to anthonyo.com for slash app and I promise you you'll thank them later. 11:02.068 --> 11:02.708 [SPEAKER_00]: Here's number three. 11:02.848 --> 11:04.189 [SPEAKER_00]: You got to automate your savings. 11:04.390 --> 11:04.610 [SPEAKER_00]: All right. 11:04.730 --> 11:06.852 [SPEAKER_00]: You got to start small, but you're going to grow fast. 11:07.272 --> 11:09.334 [SPEAKER_00]: And here's why this one specifically matters. 11:10.650 --> 11:15.152 [SPEAKER_00]: People tend to think, large number is the best way to build well. 11:15.272 --> 11:18.633 [SPEAKER_00]: No, consistency, beast, intensity, right? 11:19.153 --> 11:20.034 [SPEAKER_00]: So how do you do this? 11:20.554 --> 11:24.175 [SPEAKER_00]: Set up an automatic transfer of about $50 to $100 a month, all right? 11:24.735 --> 11:30.878 [SPEAKER_00]: Let's say for an example, you do $50 a month for 20 years and say on average, let's go low, low, low is, 7%. 11:32.158 --> 11:36.280 [SPEAKER_00]: It's over $25,000, just off of $50 a month. 11:36.400 --> 11:37.281 [SPEAKER_00]: So think about this. 11:37.741 --> 11:42.784 [SPEAKER_00]: What even get up to $100,500 a thousand, you're gonna see millions eventually. 11:43.224 --> 11:49.887 [SPEAKER_00]: But here's the common mistake that I see a lot, but then this particular one too, waiting until you have more. 11:51.168 --> 11:53.872 [SPEAKER_00]: Weddings, okay, we $50, I was saying I'm gonna do nothing. 11:54.112 --> 11:55.414 [SPEAKER_00]: I'm gonna wait till I can put $300 in. 11:55.434 --> 11:57.396 [SPEAKER_00]: No, put that $50 in. 11:57.496 --> 11:58.918 [SPEAKER_00]: Hell, put the $10 in. 11:58.998 --> 11:59.699 [SPEAKER_00]: Do something. 12:00.120 --> 12:04.065 [SPEAKER_00]: So here is a quick win that you can have them within the next 10 minutes. 12:04.886 --> 12:07.749 [SPEAKER_00]: Go to www.anthino.com for slash invest, right? 12:08.689 --> 12:28.100 [SPEAKER_00]: Set up an automatic transfer today, even if it's just $10, which leads me to number four, because you want to go to anthoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneoneone 12:28.419 --> 12:32.000 [SPEAKER_00]: inflation is going to be eating up our cash, right? 12:32.440 --> 12:33.660 [SPEAKER_00]: So how do we beat that? 12:33.720 --> 12:36.721 [SPEAKER_00]: How do we beat inflation or how do we keep up with inflation? 12:37.061 --> 12:46.023 [SPEAKER_00]: You've got to open up an account like a Roth IRA or a good index fund or investing into your 401k or taking advantage of the HSA account. 12:46.643 --> 12:48.123 [SPEAKER_00]: Let me give you another example here. 12:48.344 --> 12:53.005 [SPEAKER_00]: $200 a month invested for 30 years can grow to over $200,000. 12:55.025 --> 13:00.248 [SPEAKER_00]: But here's the problem that I see is a lot of people because they're so scared about the cost going up. 13:00.668 --> 13:07.673 [SPEAKER_00]: Some people will put all their money inside of their same as account and don't have nothing invested getting you compound interest. 13:08.173 --> 13:15.097 [SPEAKER_00]: So the quick win here is if you have a 401k match, contribute enough to get that full match this month. 13:15.537 --> 13:18.659 [SPEAKER_00]: And if you don't have a match, go open up an index account. 13:19.020 --> 13:21.841 [SPEAKER_00]: Right now, and I promise you, you will see it. 13:25.740 --> 13:34.788 [SPEAKER_00]: Now, here's number five, and I spend a lot of time here, so I'm not going to spend a whole lot of time on this one, but you've got to eliminate your consumer debt. 13:37.210 --> 13:40.032 [SPEAKER_00]: You have to eliminate your consumer debt and buy your freedom back. 13:42.503 --> 13:44.884 [SPEAKER_00]: debt is a thief to your goals. 13:45.964 --> 13:49.386 [SPEAKER_00]: And debt is robbing you from enjoying your later years. 13:50.966 --> 13:55.868 [SPEAKER_00]: As simple, the quickest way to do this again is I said is before you have to download the app. 13:56.829 --> 13:59.630 [SPEAKER_00]: And this app is going to list every debt that you have. 14:00.070 --> 14:02.411 [SPEAKER_00]: and put it into the Death Snowball Method for you. 14:02.731 --> 14:05.793 [SPEAKER_00]: And it's going to give you the date you're going to get out of consumer debt. 14:06.193 --> 14:10.875 [SPEAKER_00]: It's going to tell you, hey, how much money you need to be applying to each debt every single month. 14:11.335 --> 14:22.760 [SPEAKER_00]: And then it's going to identify inside of your budget where you can cut things back and put extra money towards getting out of debt, getting away from the thief and buying back your future. 14:26.032 --> 14:30.253 [SPEAKER_00]: You'll be able to pay off $1,000 credit card within the next, I'll say 21 days. 14:30.993 --> 14:34.934 [SPEAKER_00]: Then what's going to happen is you're going to roll that payment into the next one, right? 14:35.395 --> 14:45.597 [SPEAKER_00]: Now, the common mistake that I see here where people is, what they'll do is they'll charge up a $5,000 credit card, but they'll make a minimum payment on it for the rest of the next 5, 10 years of what it takes to pay it off. 14:46.377 --> 14:51.159 [SPEAKER_00]: So the quick win here is download the app, let the app tell you what debt you need to attack 14:56.943 --> 14:59.285 [SPEAKER_00]: I want you to start eliminating that real quick. 15:00.006 --> 15:06.812 [SPEAKER_00]: Now here's number six that I put this one in here because we don't talk about this a lot and I really wanna start talking about this some more. 15:08.334 --> 15:09.134 [SPEAKER_00]: because it's important. 15:09.334 --> 15:16.917 [SPEAKER_00]: And as you all are watching me and seeing my journey over the last two years, health has really been big on me. 15:16.937 --> 15:19.578 [SPEAKER_00]: So number six, it's planned for health care and longevity. 15:20.258 --> 15:21.278 [SPEAKER_00]: And why does it so matters? 15:21.538 --> 15:24.999 [SPEAKER_00]: Well, health care is one of the biggest retirement costs. 15:25.680 --> 15:32.882 [SPEAKER_00]: They say by the age of 50, we need about 300,000 dollars just to cover our health care costs. 15:37.784 --> 15:38.785 [SPEAKER_00]: I'm gonna let that sit right there. 15:39.845 --> 15:40.465 [SPEAKER_00]: Not to live. 15:42.206 --> 15:43.747 [SPEAKER_00]: So let's bring them back. 15:43.907 --> 15:54.412 [SPEAKER_00]: If the average person only has $200,000 in retirement, but studies are showing that we're gonna need about $300,000 just for healthcare costs alone. 15:58.875 --> 16:05.558 [SPEAKER_00]: This is why you need to start researching health savings accounts, HSAs, long-term care insurance, medical options, right? 16:06.745 --> 16:12.751 [SPEAKER_00]: And one of the reasons why I really love the HSA accounts is because it lets you save tax-free from medical expenses. 16:13.091 --> 16:19.458 [SPEAKER_00]: So you can save tax-free from medical expenses then you can pay for your medical expenses with tax-free money. 16:21.380 --> 16:23.282 [SPEAKER_00]: Now, I'm guilty of this. 16:23.302 --> 16:24.283 [SPEAKER_00]: I'm going to be honest with you. 16:24.603 --> 16:30.509 [SPEAKER_00]: And this was a common mistake that I was making, ignoring healthcare until it's too late. 16:34.032 --> 16:47.078 [SPEAKER_00]: I don't like seeing my doctor like I love seeing her because I know what it's going to do for me long term, but I don't like it because I know she's going to she's going to find something I got to take some peel all right and I think that 16:58.022 --> 16:59.863 [SPEAKER_00]: And at 42, that's important. 17:00.304 --> 17:04.026 [SPEAKER_00]: And for those of you who are younger at 30, that is important. 17:05.287 --> 17:05.967 [SPEAKER_00]: Here's number seven. 17:07.028 --> 17:09.149 [SPEAKER_00]: Don't count on a inheritance check or a social security. 17:09.289 --> 17:09.730 [SPEAKER_00]: I'm sorry. 17:10.150 --> 17:10.470 [SPEAKER_00]: It's done. 17:10.490 --> 17:12.011 [SPEAKER_00]: Okay? 17:12.772 --> 17:16.434 [SPEAKER_00]: Two to the fact is, only one in five expect to receive an inheritance. 17:17.135 --> 17:21.998 [SPEAKER_00]: And social security is especially today, we don't know if it's gonna happen. 17:22.938 --> 17:23.239 [SPEAKER_00]: All right. 17:24.093 --> 17:25.454 [SPEAKER_00]: So how do we, how do we do this? 17:26.194 --> 17:29.757 [SPEAKER_00]: Build your plan as if you're going to get net thing extra. 17:29.777 --> 17:31.298 [SPEAKER_00]: All right. 17:31.698 --> 17:36.522 [SPEAKER_00]: So for an example, if Social Security is there, it's a bonus, but it's not the foundation. 17:39.524 --> 17:43.186 [SPEAKER_00]: And I don't want you to rely solely on some day money. 17:44.187 --> 17:46.809 [SPEAKER_00]: I want you to rely on the system and the foundation that you've built. 17:47.449 --> 17:53.193 [SPEAKER_00]: So I need you to write down your plan without including Social Security or in a hair initiative. 17:54.435 --> 17:56.316 [SPEAKER_00]: period period. 17:56.856 --> 18:06.742 [SPEAKER_00]: Now, I want to break this down for if I was in my 25, if I was in my 20s, for an example, right? 18:07.183 --> 18:12.246 [SPEAKER_00]: I'm going to give you some some specific stuff for each age bracket. 18:13.667 --> 18:17.209 [SPEAKER_00]: And whatever age bracket I hit on, I want you to write this down. 18:17.429 --> 18:17.629 [SPEAKER_00]: All right. 18:17.649 --> 18:18.269 [SPEAKER_00]: So let's start that. 18:23.777 --> 18:25.298 [SPEAKER_00]: based upon the information that I know now. 18:25.699 --> 18:27.581 [SPEAKER_00]: At 25, I don't have the best job. 18:28.281 --> 18:30.383 [SPEAKER_00]: I'm not really in my actual career. 18:30.884 --> 18:33.747 [SPEAKER_00]: So I was starting investing $100 a month, no matter what. 18:33.827 --> 18:35.748 [SPEAKER_00]: I'm not taking out no shorty every single month. 18:36.129 --> 18:38.371 [SPEAKER_00]: I'm not doing that, no, no. 18:38.491 --> 18:40.753 [SPEAKER_00]: And what I'll do with the $100, I will automate it. 18:41.194 --> 18:43.616 [SPEAKER_00]: Every time I get paid, I want to automate it. 18:43.636 --> 18:44.677 [SPEAKER_00]: So I can forget about it. 18:44.977 --> 18:46.679 [SPEAKER_00]: And I'm gonna let it do what it do. 18:47.985 --> 18:51.848 [SPEAKER_00]: Also at 25, I'm a, I am avoiding consumer debt at all costs. 18:52.609 --> 19:11.245 [SPEAKER_00]: And I would really invest into a mentor who's already are where I want to be and have him or she really guide me even more from a financial perspective, from a spiritual perspective, and even from a, I would say, a, I would say this one, from a relationship perspective. 19:11.745 --> 19:21.720 [SPEAKER_00]: Five was 25 years old, and I had good healthy mentors in my life, not respectfully saying this, the knucklehead of friends, and the girls I was trying to chase. 19:22.781 --> 19:23.703 [SPEAKER_00]: A few things will be different. 19:24.364 --> 19:25.525 [SPEAKER_00]: I'll be married for sure. 19:26.807 --> 19:28.348 [SPEAKER_00]: I would have kids for sure. 19:29.008 --> 19:32.630 [SPEAKER_00]: I will be wealthier earlier for sure. 19:33.951 --> 19:37.432 [SPEAKER_00]: Now, if I was going to go back seven years ago, 35, right? 19:37.752 --> 19:42.835 [SPEAKER_00]: If I was 35, then I'm just now starting out, I'll get serious about paying off my consumer debt. 19:43.355 --> 19:53.800 [SPEAKER_00]: I'll be maxing out my Roth IRA and I would increase my full weight contribution by at least 5% every single year until I get to the full 15% of me investing. 19:54.461 --> 20:03.766 [SPEAKER_00]: And then if I was married, I'll be talking to my spouse and or partner about my retirement goals and not keeping any secrets. 20:04.446 --> 20:18.225 [SPEAKER_00]: And then me and my wife will sit down and we would have a vision that is greater than my vision solo her vision solo it is a vision that's leading our family that is Christ centered. 20:19.903 --> 20:26.448 [SPEAKER_00]: Now, with me being 42 here at the time of this show coming out, let's say I was, let's say I waited to three years later, 45. 20:26.688 --> 20:30.691 [SPEAKER_00]: I would honestly do a full financial checkup. 20:30.951 --> 20:35.815 [SPEAKER_00]: I would sit down when I would sit down with, I would sit down with a financial coach. 20:35.955 --> 20:40.999 [SPEAKER_00]: Not necessarily financial advice, but a financial coach that can do a full financial checkup. 20:42.007 --> 20:49.529 [SPEAKER_00]: And within that checkup, I would identify places I can cut unnecessary expenses and redirect that money specifically into investing. 20:50.189 --> 20:53.350 [SPEAKER_00]: And then I will also make a plan for health care costs. 20:54.050 --> 20:58.831 [SPEAKER_00]: And I will be teaching my kids about money so they don't repeat any mistakes. 20:59.231 --> 21:08.034 [SPEAKER_00]: And last thing, I will be really focused on getting my estate plan down insurance, wheels, trust, et cetera. 21:09.174 --> 21:10.635 [SPEAKER_00]: Now let's say 10 years later, 55. 21:10.875 --> 21:11.756 [SPEAKER_00]: I was 55. 21:11.936 --> 21:16.318 [SPEAKER_00]: I would get aggressive about paying off my mortgage. 21:18.940 --> 21:24.964 [SPEAKER_00]: I'll meet with a financial advisor or financial coach to stress. 21:25.344 --> 21:31.648 [SPEAKER_00]: Honestly, not how it is. 21:31.728 --> 21:34.570 [SPEAKER_00]: I will give with them to help me avoid stress in the future. 21:35.562 --> 21:42.048 [SPEAKER_00]: And then I would really want to write down my plan and tell them, hey, these are the things that I want to accomplish. 21:42.428 --> 21:43.369 [SPEAKER_00]: This is what I'm looking at. 21:44.350 --> 21:50.755 [SPEAKER_00]: And then if I'm struggling financially, man, I'm looking at a part-time guide that I can work from home, that I could do it with a phone. 21:50.775 --> 21:53.037 [SPEAKER_00]: So I can boost my savings and boost my investings. 21:54.198 --> 22:00.303 [SPEAKER_00]: And I will make sure that my estate, my will and my legacy documents are all in order. 22:00.944 --> 22:02.105 [SPEAKER_00]: And I'm not even playing with it. 22:03.448 --> 22:04.950 [SPEAKER_00]: I'm sitting down with my grandkids. 22:05.030 --> 22:09.835 [SPEAKER_00]: Well, first I'm sitting down with my kids and telling them to chew, like, hey, I'm getting older. 22:10.769 --> 22:12.349 [SPEAKER_00]: And I don't want to be a burden to you. 22:12.409 --> 22:16.971 [SPEAKER_00]: So I want to make sure that you are good. 22:17.111 --> 22:20.112 [SPEAKER_00]: And the only way I can do that is making sure that I'm financially good. 22:20.452 --> 22:21.892 [SPEAKER_00]: So I want to pay this mortgage off. 22:22.172 --> 22:27.373 [SPEAKER_00]: So this way, if something happens to me, you don't have to put me into a nursing home. 22:27.694 --> 22:30.694 [SPEAKER_00]: We can figure out a way because I got long-term care insurance. 22:31.014 --> 22:34.435 [SPEAKER_00]: And that insurance can pay for someone to come by the house and to assist me. 22:34.655 --> 22:36.316 [SPEAKER_00]: And I'm not a burden to you and a family. 22:42.120 --> 22:43.321 [SPEAKER_00]: Because here's the truth, y'all. 22:44.062 --> 22:44.602 [SPEAKER_00]: I'm sorry. 22:45.203 --> 22:46.524 [SPEAKER_00]: Nobody has come in the Saviour. 22:47.726 --> 22:51.930 [SPEAKER_00]: But you can save yourself and your family by starting today. 22:53.051 --> 22:55.433 [SPEAKER_00]: Do not expect your kids to save you. 22:58.176 --> 23:00.338 [SPEAKER_00]: You had the same 24 hours as them. 23:00.698 --> 23:02.180 [SPEAKER_00]: What did you do this to with your time? 23:03.428 --> 23:06.269 [SPEAKER_00]: Because imagine what would happen if you take action today. 23:07.370 --> 23:10.371 [SPEAKER_00]: You'll stop living in fear. 23:10.911 --> 23:13.633 [SPEAKER_00]: You start building wealth real well, really. 23:14.073 --> 23:17.334 [SPEAKER_00]: Not just for you, but for your kids and their kids. 23:18.055 --> 23:21.656 [SPEAKER_00]: You become the one who breaks the generation of cycle. 23:22.997 --> 23:28.139 [SPEAKER_00]: And I noticed that he says 1.46 million dollars is the win, right? 23:29.454 --> 23:31.335 [SPEAKER_00]: Now, you don't have to hit that. 23:32.075 --> 23:38.157 [SPEAKER_00]: You just gotta know your number and you gotta start today working towards your number. 23:39.138 --> 23:44.119 [SPEAKER_00]: And every step you take is a step towards financial freedom sooner. 23:45.560 --> 23:49.561 [SPEAKER_00]: Every day you get up and you go to work and every day you get up and you work the plan. 23:50.162 --> 23:53.803 [SPEAKER_00]: You are one step closer to financial freedom. 23:55.276 --> 23:55.936 [SPEAKER_00]: So do me a favor. 23:56.997 --> 24:01.059 [SPEAKER_00]: Send this video to your brother, your mom, your best friend, anyone who you love. 24:02.720 --> 24:06.282 [SPEAKER_00]: And tell them hey, this is a quick 25 minute video. 24:06.582 --> 24:07.763 [SPEAKER_00]: I think you need to watch this. 24:08.523 --> 24:11.765 [SPEAKER_00]: Because we gotta start thinking differently. 24:12.085 --> 24:14.846 [SPEAKER_00]: I don't care if you 25, 55. 24:15.307 --> 24:17.188 [SPEAKER_00]: We gotta start thinking differently. 24:18.248 --> 24:21.873 [SPEAKER_00]: do not let the headlines still your hope. 24:22.994 --> 24:26.678 [SPEAKER_00]: Don't let fear keep you broke and kill your future. 24:27.679 --> 24:30.022 [SPEAKER_00]: We all have the power to change our stories. 24:31.123 --> 24:33.466 [SPEAKER_00]: I'm changing my every single day. 24:34.568 --> 24:38.172 [SPEAKER_00]: I get up every single day and I'm running and I'm working hard because I want to live. 24:40.032 --> 24:45.015 [SPEAKER_00]: I know if I'm going to live, I got to work a plan, and I got to have a strategy put in place. 24:45.395 --> 24:49.377 [SPEAKER_00]: And that's the same thing where our money got to. 24:50.753 --> 24:53.754 [SPEAKER_00]: and the roadmap for all of us, no matter where we are. 24:54.335 --> 24:57.996 [SPEAKER_00]: If you can get this at 25 and 30 is great, but the roadmap is as easy. 24:58.536 --> 25:04.499 [SPEAKER_00]: Number one, is you've got to write down your retirement vision, like, what's your provision for retirement? 25:05.640 --> 25:10.902 [SPEAKER_00]: In number two, you've got to start tracking every dollar for the next 30 days inside the end of Black App. 25:11.342 --> 25:12.943 [SPEAKER_00]: We'll put that link inside a show note. 25:12.963 --> 25:15.064 [SPEAKER_00]: So, number three, you've got to set up automatic transfers, 25:15.824 --> 25:20.008 [SPEAKER_00]: For you got to increase your retirement account contributions five. 25:20.308 --> 25:44.128 [SPEAKER_00]: You got to make one extra debt payment this week I'm gonna give you the next 30 days make one extra debt payment on top of your lowest one The six research health care options and open at HSA if you can and number seven Bill Joweff plan without counting on social security or in a inheritance with someone giving you my Then number eight the last thing share this video with someone you love 25:44.729 --> 25:53.218 [SPEAKER_00]: Listen, I'm trying to get out of here sooner, I'm trying to give you a more meat that's practical that's educational that you can even share, so I'll see you on the next show, God bless.