Why 2026 Is Your Last Chance to Build Wealth Fast (Before AI Changes Everything) | Jaspreet Singh

Then I drew a line through it and it was, we're about to be bankrupt up at 2030.

Right now, America is facing the largest retirement crisis of history. Companies are going to expect every individual person to do the same task that 10 people are doing today. If you cannot do the job of what 10 people do today, you are going to have a really hard time finding a job. He's reached tens of millions of people helping them understand how money really works and today he's here to talk about the masterclass on how to build wealth for your future.

But for it's too late, you have the inspiring, just breathe.

“Seeing why do you think the window is closing for people to start generating more wealth?”

Grossers are more expensive. Rent is still more expensive.

One on application is more expensive, while salaries are not keeping up. And so now when you're working hard to make money, you're working hard to save money. You think you're doing the right things because you got a good job to work in hard, but you're working hard in the wrong direction. What would you say then are the three biggest money rules that wealthy people do that most people aren't following?

Well, I think you can break it down into three steps. Phase one. We've done a lot of work together on this show and so many people have loved the messages you shared. And I think they're going to love this as well because there's a lot of fear and uncertainty with

“what's happening in AI around the markets, around the uncertainty of leadership, around the world,”

around things shifting around the world, around money changing from physical money to digital currencies and just the uncertainty of it at all. And I heard you say recently that 2026 might be the last time to build wealth fast. And I'm curious, why do you think the window is closing for people to start generating more wealth quicker? And what happens to people if they actually miss out on this window? We are going through right now what the World Economic Forum

calls the fifth industrial revolution. So if we take a look at our economy, global economy with

the last few years, we've gone through a few different industrial revolutions. The first one

take a look at factories being built, the 1700s. Then you go into the 1800s and you hear about electricity and mass production, then we get into the late 1900s and now we get into the digital revolution. Internet starts to become more popular. Then we get into the early 2000s and now we get into the next stage industrial revolution number four, which is smart technologies. So now we have things like Uber and Facebook and all these other technologies that people are now integrating into the

lives because now I just shop on Amazon instead of going to the store, convenience, convenience. And now we're entering industrial revolution number five, which is the convergence of humans and

“technology. And this one, the reason why it's so important is because every industrial revolution”

not only is it getting shorter, but they're having a bigger and bigger impact on our economy. Because if we go back and we think about how the internet has changed the economy, everybody can tell you that the internet changed our economy, but it took years more than a decade to really see the impact of the internet. I mean, it started in the early 90s and I mean, you remember AOL in the 90s dial-up and then it slowly started to be adopted.

We had the 2000 dot com bubble boom and bust and then everybody in 2001 thought this internet thing is just a fed. It's not actually going to last. So we're talking about 90s until like the early to mid 2000s before people actually realize internet things is worthwhile for us to consider as a business. Even in 2008, 2009 to 2010, when kind of Twitter, LinkedIn, Facebook started to come more popular. So many people said this a fad. And this was 15 years ago. And you think about

now circuit city. You think about blockbuster. You think about all these chains that were seers that were massive, but they relied not on the internet. They thought the internet is not going to take them over, but it took decades for them to really feel the impact. It was fast forward to today. Chat GPT was created in 2022. Just a few years ago. And between 2022 to 2022, the adoption of AI has been so much faster than the internet. But the impact that AI is going to

have on humans and our economy is going to be vastly more different than the internet. And the people that understand this can get ahead of the shift and build wealth. Because let's go back to the internet. Imagine, let's go back in time a little bit. Imagine if you're starting a YouTube channel, not in 2015, but 2005. Imagine the headway that you would have had. Imagine if you started

Imagine if you knew maybe I should be investing in some of these digital companies back

in 2015 or 2005. Well, here we are in 2016. And we are just scratching the surface. We know today

“that Google leads the whole search engine. Remember to just be asked Gives. There was Yahoo. There”

was AOL. There was MSN. We didn't know who was going to win. Google won that race. When it comes to searching an AI, there's no winner. I don't know what's going to be chat GPT. There's going to be cloud. Is it going to be Gemini? And they're fighting for that. And that is just the top layer of, I call it an onion because as investors, you want to look at opportunities like an onion. That is just the top layer of the onion. And when people think about AI, they say,

"Just for it, are you serious?" AI is so stupid. I told it to create me a blog post and it

was completely wrong. I wanted it to do a deep dive on Lewis House and it talked about some other random podcast here. It's so stupid. But let me ask you a question. If you saw a two-year-old trying to run and you saw it fall down, are you going to say it's stupid? No, you're going to say it's a toddler learning to walk, learning to run. That's AI today. It's learning to run. It is going to sprint. The people that understand it are going to be able to take advantage of that sprint

build wealth because of it, quit job security because of it. Well, everybody else, because the human brain cannot evolve as fast as our technology is evolving, they're going to fall behind.

Now, that creates concerns, but what I'm trying to say and emphasize is, look, this creates

opportunities for the financially savvy. And I'm telling you this, the reason why I made so much content about this is because I went through a whole crap moment in 2025. So last time we talked, I mean, when I would talk about my company, briefs media. We as a media company,

“focused on two things, financial news, financial research. And that's what we did. We published”

our market briefs newsletter every day. We published our news articles on our website, then we published our investment research reports for investors. In 2025, I started to hear more more about AI. And I was messing around with it more and more. And I had that old crap moment when I realized if AI keeps getting smarter, we are not going to have a job anymore. We're going to be out of business by 2035. And so now I'm, and I didn't tell my employees this, I'm in my own

like desk. I'm going through my own stuff and I'm realizing we're on the verge of being bankrupt. And then I started getting more adept with AI because I'm not the most tech savvy person. And I said, oh my god, it's not going to be 2035. We're going to be bankrupt in five years. 2030, our company is done. Everybody's going to be out of a job, including me. So I went on a hunt with no very little sleep. And I realized that we needed to make a change.

And so I'm telling you a true story here that made way through 2025, we had a company all hands meeting that we flew all of our contractors into our office as well. And I started the meeting by saying, I have some news. I must tell you, because of AI, we were on the verge of being bankrupt by 2035. Then I said, but I was wrong. And everyone said, oh, okay, okay. Then I drew a line through it. And it was, we were about to be bankrupt by 2030. And I said, this is why we're going

to change. We're no longer going to be briefs media. We are now briefs finance. And that means now we're going to shift from just being a media company to a financial technology company. That's powered by media. So we've been building this software, this tool that now our media can

“power, because the only way that now we can compete is if we utilize this new technology. And I'm”

telling you this, because I went through that. And so as soon as this happened, we went out and hired seven developers. We poured so much money, so much energy, so much time. I mean, we completely we have a whole team. We shifted our entire focus, essentially overnight, because if we didn't, we would be trying to compete against how fast AI is growing. And we can't do that. We can, we can, I mean, if I wanted to have human writers compete against AI writers, the human writers are going to win

today. But the AI writers can be faster, and they can learn better, and they don't need time off. And they can do it for a fraction of the cost, but talking pennies. And so that was my shift of realizing we have to make a change. So what does that mean? Doesn't mean you have to start a business. But it means you have to understand that this is happening. And we'll see how you can use it in your

see how you can invest. Now you don't have to go and invest into AI, like into open AI or to entropic.

“That's not what I'm saying. But you have to understand, maybe we could talk about this later,”

the onion of technology. Yes. Or if we work a job, learn how to be more productive. Because it's not that AI is going to take your job yet. But your company might replace you with somebody who knows AI better than you. Yes. Because the person in those AI can do more work and be more productive. And I'll tell you this as somebody who's a CEO, what AI means when you hear the news talking about people want more productivity, what that means in plain English is companies. But in five years

are going to expect every individual person to do the same task that 10 people are doing today.

At least 10. Let me not 100. Why can't you have a one person doing the task of 100 people

with the right AI, facilitation, prompting and understanding and awareness? And that's our productivity. So when you hear the companies trying to be more efficient or productive, that's exactly what it means, is that if you cannot do the job of what 10 people do today, you are going to have a really hard time finding a job where you can do job. You are. You think that's going to happen in the next four to five years? We are in 2026 at the time recording this video. Chat, GPT launched in the end of 2022.

So we're talking has only been a few years. The next three years are not only going to be further than we were three years ago, but the accelerated faster is because technology expands like this. It's not a linear curve. It goes up like this. It's the hockey stick curve. Which means it gets smarter even faster. So the next three years are going to be exponentially faster and more advanced than three years ago. Because three years ago, it was, hey Chat, GPT, I want to build a

guacamole recipe. What should I do? And now we're getting more and more advanced every single day because the goal and this is not missing. If you can listen to what the CEO of Chat GPT said, you can listen to what the CEO of Mark Zuckerberg said. This is public. The goal isn't AI. It's a GI, which is artificial general intelligence, which is not me saying, hey, give me the guacamole recipe. It's build me the guacamole company. It'll go out,

open the LLC, it'll go out, rent you a place to build it and it'll go through it all for you.

“That's what the ultimate goal is just that now we talk about being able to do more stuff with one human.”

It's just being able to now know how to manage the AI agents and how to manage these types of prompts and that's going to be the shift between the people that understand how to take advantage of it or not. Again, I'm going to say this because it sounds scary, but anybody can take advantage of it, even as an investor once you start to understand what this means and how you can use it for yourself. I want to get to back to that stuff in a little bit, but I think that is one of the things

that scares people. If they don't understand AI yet, they're afraid of what's to come with it. They're going to be left behind. But what would you say then around money? What is the biggest misunderstanding about money that prevents people from actually building more wealth? Is it the fear of what's coming or not knowing what to invest in, that they'll lose it off, they invested, like what's the biggest misunderstanding about money that's preventing people from building wealth?

There's one thing that differentiates, will rich people do and where everybody else does, and it comes down to what your knowledge is based around. I'm telling you this from experience, because I grew up in a traditional Indian house where knowledge means go to school, study hard, get a good degree as a doctor. We're not talking about any other career, get a good

“medical degree. That's what I meant because if you have a good career, if you have a good degree,”

you are set for life. wealthy people and those who become wealthy realize that there's a different game of that formal education versus financial education. And once you understand that, now you can start changing what you learn, because what the average person does, because we're all taught this, it's we work hard to make money, but no wealthy person is working hard to make money. Their money is working hard to make them money, and that concept is so foreign for the average

person, because we're never taught that in school. And this is the problem. Why do we go to school?

We go to school so we can get a good job. Why? So we can get paid. Why? So we can ultimately have some freedom. But there's a big gap there because that freedom comes from having wealth. But your job is not what's going to make you wealthy. It's your financial education that's

No. Did you learn that in school? No. And that's that difference. So you talk about now what is

“the biggest fears? When you don't have to find into the education, you now get caught up in doing what”

you think is right because everybody tells you it's right, but you don't realize the true cost of this. For example, the average person goes to work. And when they're financially smart, the average person, they go and they save that money in the bank. Well, why do you save the money in the bank? So I can get paid some interest, right? But what if I told you that the average person does not get paid interest? They're actually paying their bank interest. You're going

to say, well, what are you talking about? Just click my bank says that the pay me 0.5%, the pay me 1%, it pays me 2% interest. No. You're being lied to. You're the one that's paying

them interest. Because when you take the $100 bill and I deposit in the bank and they give me a note

saying I'm getting paid 1% interest. Well, the $100 is growing to $101 after one year. But the average inflation rate in America is 3%. And that's the reported inflation, not the real inflation that many people feel because real inflation is actually higher than that. So if real inflation or reported inflation is 3%, my $100 grew to 101, but something that cost $100 now cost 103. I'm effectively poor, but that's not all. What happened with the bank? Because as soon as you take

the $100 in the bank, the bank doesn't just keep the money in a vault. They immediately take that money and they lend it out to somebody else. So they take the $100. They pay you 1% and I'm going to charge you 6% or 7% when you want to get a mortgage. I'm going to charge you 18 to 25% when you get a credit card. But you get that 1% taken. I'm getting rich. I'm getting this interest. In reality, you're the one that's paying the interest because you were losing value. And right

now, our economy is changing because our dollars are losing value. And I don't say this in a very general way. I'm saying this because in 2015, it was one of the worst years for the dollar in the last decade, which means the dollar has lost value. What does that mean? Because the average person thinks that this is some fancy Wall Street jargon. But what that means for the average person, is that means it costs more money to buy stuff. Grossers are more expensive.

Rent is still more expensive. One on a vacation is more expensive. While salaries are not keeping up. And so now when you're working hard to make money, you're working hard to save money. You think you're doing the right things because you got a good job, you're working hard, but you're working hard in the wrong direction. And it sucks to hear that because we're taught that that's the right thing to do. But when you start studying or wealthy people do,

you realize that they're playing a very different game with a completely different rule

“book and we're never taught that. And that's what frustrated me. That's what the only reason why”

I started creating these YouTube videos is because when I learned this, I was so angry. Because I did not grow up learning about money. I knew that I wanted to be financially successful. That way, I could give back to my dad because I saw how hard he was working. But we didn't have that financial education. I didn't know investors. We didn't grow up with that around us. But the people that grow up in that circle, they understand, wealthy people are

not working to make money. They're working to own the assets so these assets can make them money. How do you do that? You have to know how to use this money to buy investments. And now the average person thinks that when I go out and I save money and buy my house and I have a 401k, I'm secure. Well, I'm telling you from experience because I've been doing this for a long time. In our firm, we've been teaching and working one of our top members. These are

people who 401k is in homeowners. Well, here's the problem. I'll start with 401k's. It's a great place to start. The founder of the 401k has come up publicly and said, multiple times, the 401k has gone awry because the average person believes now that the 401k is all I need to be able to retire. I own a house, have a 401k, I'll get social security,

it's enough to retire. That was never the intention with the 401k. It was there to supplement

“your retirement. It's not bad to have 401k, but you have to know how it works. The second thing is”

the average person does no idea what the 401k is costing them because your 401k has a fee. Nerdwallet did a study that found that like 90% of Americans don't know what the 401k fees are. It's called an expense ratio. So as soon as you open up the 401k, you get the money deposited into it, the fund that you put your money into is charging you a fee every single year. And the average 401k fee according to a kip-linger report in 2025. For somebody under a million dollars and assets,

decked and up costing you hundreds of thousands of dollars because it's a 1% fee that you pay every year on every dollar at your invest plus every dollar of profit or the course of investing

“career. And so you have to understand now you need more money to retire. Why? Because the cost of”

living is going up. A lot of people used to say, "Man, if I had a million dollars, man, I'm set."

Nowadays, that million dollars doesn't buy you what it could. USA today says, "Do the Americans need one and a half million dollars to retire now?" Not lavish, comfortable retirement. Well, the average person is nowhere near hitting that one million dollars or one and a half million dollars. And now we get into this problem of, okay, I had the 401k. I'm not going to have enough. Social security is not paying enough.

Maybe my house is going to supplement that and I'm going to be good. Well, hey, the breakety Lewis, but your house is not going to put food on the table. Because it doesn't pay you an income. It's expensive. It's an expense. Yeah. Property tax, fix and stuff, all the expense insurance. Everything, man, it's expensive. And now they say, "Well, what have I paid off my house?" Okay, great. You paid off the house, mate. So, got the property taxes and the insurance.

And let's say, Lewis, you bought your house in a great area. Well, let's say you bought a half a million dollar house. You bought it in a great area. Now, it goes up to million dollars. You're going to say, "Just pretty, look at me. I got a million dollar asset. I'm sitting on good. I'm happy for you." I have to pay property taxes on a million dollar house. Because

“if your house goes up in value, so do your property taxes every year. You have to now ensure a million”

dollar house. Yeah. And now what happens is maybe you have an income from your job to keep paying that. But what if you stop working? Maybe you retire. Maybe you can't work. You still have to pay these expenses. Or maybe now you've built this house. You paid it off. You were able to support the cost and now you pass it down to your kids. Well, now your kids have to pay to support this million dollar house. And why do now so many of these kids have to liquidate the house and

sell it because they can't afford the cost of just keeping the house. So now we think that buying

this house is going to make us wealthy when in reality, that's not always true. Now, I'm not saying

this bad owner house. Not saying you shouldn't own a house. In fact, it's a very good thing to own a house and pay it off. But the mistake that many people make is they think, just believe,

“I'm going to get a good job. Invest in a 401(k) and buy a house and I'm going to be set. When you”

have that sort of mindset, you're thinking like everybody else. And right now, America is facing the largest retirement crisis of history because everybody thought, if I got a good job, I invested in a 401(k) and I owned a house, I'm going to be set. Just do the math. If those are the people now that are facing this retirement crisis, what makes you think that it's going to be easier for you when we have a more volatile stock market where inflation is a bigger problem now than it was

for the previous generation, what makes you think that all of us sudden is going to be easier for you. They say the definition of insanity is doing the same thing and expecting a different result. Well, here you are. And so, when we think about the house, I'm going to talk about one more thing about it because then people will say, "Well, just for it, if I have to pay $3,000 a month, isn't it better for me to build equity as opposed to making my landlord richer?" Yes.

But that's not always what's happening. Because when you get a 30-year mortgage,

and you pay $3,000 a month, it's not $1,500 going to your bank. And then $1,500 going to the principal 80% is going towards interest. In fact, more in the beginning. And so, it's not for the first 15 to 20 years of a 30-year mortgage that more than half of your payment is going straight into bankers pocket with interest and then the other small percentage is going to your principal. And now we have to assume that you don't do a refinance because if you refinance on your eight,

well, now you start the process all over again. And so, again, I'm not against the owning your house. In fact, I would prefer you to own your house than rent it. The mistake that people make is that by my house thinking that it's going to make me rich, so how much you buy a little bit bigger, little bit nicer, because it's the biggest investment of your life. And when you think it like that, and I'm telling you, and I look at the speaking experience because I worked as a realtor.

And in that sales training, what did they teach you? You were selling the best and biggest investment of somebody's life. He used to get you to buy a bigger one. I'm selling you an investment, right? I'm not selling you an expense. Hey, Lewis, here's the biggest expense of your life. This

Lewis, this is the best investment. This is an investment for your kids. Yeah, your family's going to have

families, memories, and that makes sense. But when you start to do the math, you realize that maybe maybe only the house isn't as good of an investment as you originally thought. And so this is where now we start to realize maybe some of the things that I was taught was wrong. If you're really to get over the hump, because sometimes we have that ego, and I had that too. But once you start to realize that, oh, crap, I need to do something different. Now, you realize what I realized was

everything that I was told was a lie. And I need to restart my learning. And it's difficult once you've built a degree, built the job, you built that foundation. And now you're like, oh, crap, I got to start over. But you're not starting over. What you're doing is now just shifting the direction. And now you can start to accelerate the path towards wealth, which will give it a true freedom. You know, if someone's watching or listening to this right now, thinking their entire life has

been lied to about money finances, how to invest. If I do these things, then I'll be safe in the future. What would you say then are the three biggest money rules that wealthy people do that most people

“aren't following? Well, I think you can break it down into three steps, because there's three”

stages of wealth. And I'm going to break it down into phase one, getting the money. Yeah. Phase two, growing the money. Phase three, protecting the money. Phase one, getting the money is all about now. How are you going to just lay the foundation for your finances? How are you going to make money? And people say, well, what business should I start? What job should I get? I don't care. Do what you believe is right for you. Sometimes it's what you like,

sometimes it's not what you like. But you got it. You got to figure how you're going to earn money. Figure how you're going to earn more money at the greatest system for a money. So here's a few base rules. Number one, if you have credit card debt, if you don't have $2,000 saved up for an emergency, you were in what I call the financial danger zone. Now, I'm going to probably upset some of your listeners right now, Louis, but I'm going to do this because I want people to be better

with money. I don't say this to make friends. If you have credit card debt or if you don't have $2,000

“saved up, you should not go and see the inside of a restaurant. You should not go on another vacation”

and you should not have a Netflix subscription. We're going to Starbucks or yeah, yeah. All of those little expenses are destroying your finances. Now, why am I saying no Netflix? It's not because of the $15 a month. It's because the average American is watching more than two hours. It's actually over three hours, but I like to say two hours, more than two hours of TV and day. And if you're broke with credit card debt without $2,000, you don't have the luxury to watch. You don't have the

luxury to. You need to use that time to earn money or learn skills to help those skills and money. Now, the reason why I'm so aggressive about this is because let's assume now, you got a little bit of cash saved up. You got $8,000 saved up in the bank right now. If you took the $8,000 today and you invested it and you could get up, let's just say 20% return on your money for the next 40 years, you're not going to retire with half a million dollars. And I'm also going to assume that you

never invest another penny any then, only the $8,000 today. You're not going to retire with the

half a million dollars or a million dollars or $2 million or $5 million or $10 million dollars. You're going to retire a deck of million with over $11 million dollars. Now, you're going to say just pretty good. Sign me up. I got $8,000. Well, here's the reality. You're probably not going to get those returns. Do you want to know who is? MX visa, discover, master card and you're the one that's paying debt because the average American household credit card debt has $8,000. The average

APR and credit card debt is 20%. So, if you instead of making them rich, took that money and you

“could get those same returns, you would be incredibly wealthy. But that's why they're flying”

high in private jets with those big buildings. It's because you're working hard to make them rich.

So, when it comes to the getting money, you got to first lay that foundation, get out of the

financial danger zone and create a system for your money. I like to teach 75, 15, 10, which is for every dollar that you earn from here and out. 75 cents is the maximum that you can spend. 15 cents is the

you're always putting up money aside to save an invest before you spend all your money because

“what wealthy people do. We talked about is their money is making them money. How do they do that?”

It's because they own the assets. How do they get that? Because they take their money and they don't spend all of it. They always have money to save an invest before they spend all of it. So, create three bank accounts, don't do this out of one, one for your spending money, one for your investment money, one for your savings money. Yeah, 75, 15, 10, 75% of every dollar, the maximum you can spend at 75% as we're making you say. Yeah, the minimum is 15% to invest and the minimum

is 10% to save. And imagine if you could do the minimum to invest would be 40% of every dollar. That'd be incredible. If you're able to invest more than just 15%, you may not be able to with expenses, but imagine if you bump that number up every month, be powerful. And that's now goes into the mindset of how do you build your wealth? Because the first, I'm going to take the

“step back here because when any time we talk about money, it's common feeling that I think a lot of”

people feel is, I don't know, just, I don't feel right. I'll be talking about money and I don't feel right saying I want to be wealthy. Why do people fear the idea of wanting to be rich or looking at people who have money as bad and wrong or judging them as negative? Well, I think there's a few reasons why. I'm going to start with our own money traumas. If you grow up and your parents tell you, we can't afford this. We don't have money for this. That's too much money. That's only

rich people stuff. Now all of a sudden you grow up believing that I don't have the ability to have these things and the people that do are rich people. Now maybe you grow up hearing that rich people are great and they have the money to do that. But most people don't. There's a lot of vilification around this idea of they must have done something bad, slimy, sleazy or not nice to achieve that money. When let's reframe this. What if you grew up being told, we can't afford it yet.

We don't have the money yet. It's too much money today. But if we do this, this and this, we will be

able to comfortably afford this. Now we start to reframe how we think. And the problem is a lot of

times we grow up with these traumas that money is bad evil. And then we comfort ourselves by saying the people that are affording are bad. Because now we have these insecurities around money, because why can somebody like me who works hard got a good degree check all the boxes? How come I can't do it? But they can. This guy without a college degree has a lot of money. I am a somebody who got to do degree, good credibility. I got a good job. Why am I struggling with money?

I hear this a lot because I hear dust split my wife and I are doctors. We make $500,000 a year. We have zero assets. What is going on? And then I start looking at their numbers and I see, okay, you got a band. You got to range over. You guys are traveling on these nice locations.

First class, multiple times a year. You're staying at the nice hotels. You're always buying

the organic blueberries. It's like there's a lot of different things. And you realize, oh, it's not just how much money you make us what you do with that money. And now when you start to just create that tension, you start to realize, oh my God, I can't ever have these nice things. Money is bad to see. Well, now let's refrain that and understand how money plays a partner life because the reality is a cost money to eat and a cost money to feed other people.

Money is a part of life. You want to pay your bills? You got to have money. If you don't believe me, call every bank and say, hey, I don't got money. Can I give you a hug this month? They're not going to like that very much. But once you understand that money is a part of life, you can then realize it's not the only part of life. Because you know, I've talked about this

“before that if you really want to live a happy and fulfill life, you need to be physically fit.”

You need to be mentally fit. You need to be spiritually fit. But also financially fit. Because if you are not financially fit, if you're always stressing about money, what happens next? Well, now your relationship suffers. Because you and your wife are now going to be arguing because you're stressed about bills. Because you want to go on a vacation. You want to buy your

You want to buy college for your kids. It's stressful. Money problems are one of the leading causes

of divorce and also suicide. It's a real thing. But yet we're we're scared to talk about the topic of money. And when you realize the hate, I need to be physically healthy. I need to be mentally healthy. I need to be spiritually healthy. And I need to be financially healthy. And therefore independent parts of my life. Now you can understand, okay, it's not bad for me to want to learn money. It's in fact important because we live in the society that uses money. But if I have or money,

I can also do more good. I can also help other people. I can also feed other hungry people. And when you have that sort of idea, now you don't have to go in and take, oh my god, yeah, maybe it's not a bad thing to be rich. Maybe it's just freedom. And maybe if I become rich,

“I could be an example of what it means to be a good person who's rich. That's why I always say,”

we need more good people with money. And now we start to reframe that. But it means you have to rewire the way you look at money. Yes, because most people look in money in a way that does not serve them. They look at it where they cause stress, anxiety, fear, uncertainty. If you don't have money, you're at the mercy of people to have money. You become desperate because now I have to go to work. I have to do these things. And desperate people don't make good financial decisions.

And it's really unfortunate. But now when you're desperate, what happens?

Well, the first thing is, if I'm just in a really crappy place, maybe I start to sued myself by

buying a nice car that I can't afford, buying a nice watch that I can't afford, buy a nice clothes that I can't afford or indulging in drugs or alcohol or other things. I try to sue myself to another things. Maybe now I say, I want to get rich. And this guy on the internet says, if I pay him $995, he's going to give me a six step system to make him six figures and six months working only two hours a week. That sounds great. Or maybe if I just throw my money into this cryptocurrency

into this hot stock that everyone's talking about, I'm going to be able to double my money in 12 months. And now we get caught up in this idea of fast money because I'm desperate. I mean,

“hey, well, unfortunately, that's not how building wealth works. And when that's what you want,”

you get caught up in all the crap out there. And there's no shortage of people selling that crap, because it is very attractive to sell you this idea of get rich fast investments that go up by these crazy percentages. It's very attractive and you want to get it on the next one. I mean, could you imagine if you could double your money every six months? I mean, you would be the richest person in the history of time, Warren Buffett, the best investor of all time, one of the

wealthy people in the world, his average return, 19 per cent year over the course of his many decades. That's pretty impressive. It's very good. But we're not talking about 200 per cent a year that this is one of the best investor of the last time, 19 per cent. And so, you know, when we teach what I do, right? Because we have research. Our goal is to focus on getting slightly better returns, because if we can do just a few per cent better with better research, that few per cent can add up

to significantly more wealth over the course of your career. And the nice part is it's also way less risk than trying to find the great big grand slam home runs, because you're probably not going to get it. As I try to go to the casino and win in the jackpot. Yeah, you could become a multi-millionaire if you hit the jackpot. It's probably not going to happen. But you're a lot more likely to just get a little bit better returns. That's actually possible. In fact, it's proven

that it is possible. And you can back that with data. But the average person spending a lot of

“reason I wouldn't. Yeah. That's why the casinos are so big. Make him money, man. The hope of the idea”

of potentially hitting big, wanting to go back to these three kind of principles that you have,

the first one is how to get money. Yeah. And we've talked a lot about that now. What did you say?

The second one is growing the money. So now you got the system. Okay. Yeah. You're out of the financial danger zone. And you are putting money aside to invest maybe 75, 15, 10, whatever. Now we talk about how to invest your money. How do you actually grow that money? Because like we talked about what wealthy people do is not work for money. It make their wealth by having their money make them money. So where do you invest? And you know, the first thing everyone talks about is the 401k. And I'm

going to talk about this now as one group called the hope and pre method. Because the average person doesn't grow up learning about money or investing. So the hope and pre method is just for it, I own a house. So I should be good right. Well, number one, the house is not going to feed you.

put money in a pocket, but you no longer own your house. If you do a cash, I'll refinance it'll put

“money in a pocket, but you have to pay that back plus interest. Problem number two with the house is”

well, if your house goes up and value, you have to pay more fees, property tax and insurance. Problem number three is houses don't always go up and value. Remember the 2008 crash house prices went

down. The second hope and pre person is I've never had to manage my money before. There was

an article that I was reading recently. I forgot to publish it and to set the demographic of people in the United States that are facing the biggest threat in our economy right now are single women. Why? Because we're seeing more more single women who had some sort of story along the lines of my husband used to manage the money. He used to make the investments and he's not in the picture anymore. Maybe we got a divorce passed away. Whatever the story is, I now have to figure out how to

manage my own money. I have to figure out how to invest. I've never done it before. I hope to pray that things would be okay, but for whatever reason, unfortunately, life did not work out the way that originally expected. And now a lot of times, unfortunately, those single women who don't have the knowledge, make a cut up with a bad financial advisor who is screwing them over with fees, not all financial advisors are bad. But, you know, again, when you become desperate, it becomes harder

to make good decisions. Or the next hope and pre person is just to make a big salary. I'm a doctor. I'm an executive. I'm a attorney and accountant and engineer. Whatever, I make a big salary. What do you mean investing? Well, what happens if you can't go to work? What happens if you're walking the work and you can hit by the bus? What happens now? You can't go to work. Then what? Do you still got expenses? Or what happens? Let's just be happy right now. You want to go on

a three month vacation. You still have bills to pay. Your salary is not going to continue paying. You want to stop working. And then there's the, they'll just be like a 401k. Well, unfortunately,

the 401k was never meant to be your sole retirement plan. So that that hope and pre method of investing

doesn't work. Now, the next level is, well, I can work with the financial advisor. Again, good option for some people, but your financial advisor comes with a cost, which is a fee, and that

“fee can be expensive. If you don't know how much it's costing you, you need to ask a advisor.”

What is the true cost of my fee and look at? How many dollars is going to cost you? But also see what type of returns they're giving you. Because in theory, your financial advisor should be giving you better returns because you're paying that fee. A lot of people are not getting those better returns. I mean, you can just throw your money into the markets and get 10% a year. So if financial advisor is not giving you the 10% a year, get yourself a new advisor or rethink

your situation. So, you know, work with the financial advisor, not a bad thing, but you have to be smart enough to identify who's a good advisor and who's not screwing you over, because just like everything else, half of financial advisors graduated at the bottom of their class. Number three, type of investing is a passive investor. Passive investors are now, I'm just going to throw my money to the markets. I don't care too much. I don't want to pay the fees.

I'm just going to put my money into the stock market. We have seen the stock market grow by around 10% a year over the last 100 years. And I'm not saying to go find the next Nvidia or Tesla or Amazon. There are funds that will give you exposure to the broad stock market. And all you're doing is is buying these funds that give you exposure to the broad stock market, which have averaged keyword averaged 10% a year. So despite the market crashes, despite the recessions, about 10% a year.

And this method works the only problem with it now is that the 10% might not be enough, because if I invest $500 a month, I do that for 30 years. I get 10% returns. I'm going to

retire with just under a million bucks. Not bad, but how much do you invest it? $500 a month,

month for 30 years. I'm going to have a little bit under a million bucks. But that million bucks might not be enough for you to retire. In fact, it based off of how expensive things are getting and how

“expensive things will be, you will likely need more. And that's why now so many people feel like”

they're getting left out is because the price of things keep going up while my investments are not growing fast enough, because for our previous generations who retired, that was just fine. That passive investing and just putting money into the markets, it was enough to retired because the prices of things weren't growing as fast. And this is where now, the fourth stage of

is not to get huge returns. Again, let's say now instead of getting 10% a year, we just do 13% a year. Not crazy. Well, now if you invest the same $500 a month for 30 years, and now you can average 13% a year, just slightly better. And yes, it is possible not through luck, but through research.

Well, now you're not going to retire with a million, you're going to retire with a little bit

over 1.75 billion dollars. All you did was change where you invested, with a little bit better research, because now you're investing based off of where the money is moving, because if you can identify where money is moving in the economy, I'll give you an example, pandemic it and what did everybody do? Everybody got a cat or a dog. Well, what does that mean? Well, if people are getting more cats and dogs, people are buying more pet products. They're buying more pet to care.

“That's what we call a shift, a money shift. More specifically, at my firm, we call it a main street”

shift, because now the average person is just buying more pet stuff. Well, if you can identify that

that creates investment opportunities, and now you can invest your money where the money is going,

and if you can invest your money where the money is going, I can get slightly better returns, which compounded over time can lead to significantly more wealth without devoting your life to being a researcher. This is why I like we're talking about, I started hosting more and more live events, virtual events to teach what's happening, because every month things are changing. So our next one is on March 18th, and I'll give the link to you if anybody would like to join

this free, it's virtual to join on this live event. But that's what active investing is all about. It's trying to identify where money is moving or the slightly better returns. And if you can

do that, it does take more time and work. It comes with more risk, but you have the potential

or significantly more wealth. Yeah. This is all number two still. Well, number two, now we get to the number three, how do you protect your assets? How do you protect it? So now that you've started to build

“wealth, you have to start thinking about preservation of wealth and protection of wealth,”

because when people realize you have money, they're going to want to take a piece of it for themselves. So let's just talk about taxes. One of the biggest expenses for people, especially in the United States, but are really around the world, it's taxes because now when you go to work and you get paid, you got to pay your income tax. When you get paid from your job, it's going to pay your payroll tax. That's your social security, your Medicare, when you buy a house, you pay your property tax,

you go to the grocery store, you got to pay a sales tax, you buy a stock and you sell it for profit, you pay a capital gains tax. If you die with a lot of wealth and you pass it on, you got to pay in the state tax. We now have to think about tear of taxes. If you are a corporation, you have to think about corporate taxes. Depending on where you live, like California, you have to think about state and local taxes, and then we have the other taxes, which could be your cigarette taxes,

your alcohol taxes, your toll tax, then it goes on and on and on, but I just kind of bucket them all

“into one because we could be talking about taxes forever. So there's a lot of tax that you have to pay,”

and I'm telling you this as a license attorney, it was not your attorney, but there's a lot of different types of taxes. So now the question is, what can you do legally to pay less money in taxes? Keep it legally because Warren Buffett, we've been talking about him, he was one of the wealthiest people in the world, but paid a lower tax rate than his secretary, as a possible, because you were not taxed based off how much money you make, your tax based off a two things, your tax based off

a number one, the category of money that you make, and number two, the taxable income that you have, not your income, your taxable income, what's the difference between income and taxable income? When I buy a rental property, and let's say that I made $10,000 of profit after all my expenses, there's $10,000 in my bank account. That's my income, there's $10,000, that's how much money I have in my pocket, but I'm not going to pay tax, then $10,000. I'm going to pay taxes on my taxable income,

because when I invest in real estate, I get to qualify for bigger tax write-offs that are legal. So one of these is called depreciation. Every year, my property is one year older. Hopefully, it's going up in value, but regardless of whether it goes up or down, I can tell the IRS, hey, because my property is your older, I deserve a birthday gift, depreciation, which is a tax right off. I get to tell the IRS, I made $10,000, but I'm only going to pay taxes on a fraction of that.

Sometimes it's, I'm going to pay taxes on zero dollars, depending how smart and how sophisticated that can be, because I take the value of the property. And I'm going to write off a piece of

I could say I made $10,000, but I'm only going to pay you taxes on $1,000. So now my tax bill goes

“from way up here to way down here just because of the way that I filed my taxes.”

And so that's the difference between income and taxable income. You don't get to do that when you earn your money just from your job. But there are things that you can do if you work a job. And this is where now getting it to the financial sophistication, it becomes

incredibly powerful. And the reason why is because we've talked about now

how if you can do slightly better with your investments, it can lead to significantly more wealth. Well, the taxes are one of your biggest expenses. What if you could just figure out how to lower your taxes by a little bit? Now all of a sudden you got a lot more money to buy your food, but also invest your money. And now all of a sudden you can throw a lot more money into investment. So what do you do? The first thing is don't overpay the IRS because the average American is

overpaying the IRS. How do I know that? Because the average American gets excited when they get a tax refund. I hate to break it to you, but your tax refund is a 0% loan that you were

giving to the United States government. You could have had it within your investments earning

money during that time. All that tax refund is, is the government is giving you money that you overpaid to them. They said you paid as too much money. We held on to it for a year, but here it is a year later. And because of inflation, we know that the prices of things are getting more expensive. Something that costs $100 today is going to cost $103 next year. $105 next year. So if I give the IRS $100 today, they're going to give it back to me in a year just the same way that I gave it to them.

So they got to use it, but I don't. So how do you lower that? The IRS during the pandemic time

“created a tax withholding calculator. Go on to their site. See how much money you should be withholding.”

That we are not overpaying the IRS. Simple fix. It'll take you 15 minutes if you have an accountant. They can help you with that. But there's a simple thing that you can do. Number two, it's going to require more risk, more work. But you can start now identifying ways that you can use the tax code to your advantage. Now I'm going to come back to what I said just a minute ago to help answer this question. I said that there are your taxed based off of the category of income and your taxable

income. The IRS has identified three buckets of income through categories. Ordinary income, otherwise known as earned income, portfolio income and passive income. Your ordinary income is the money make me job. This is your W2 income. Your portfolio income is your stock market income, your investment profits, your passive income is things like my real estate rental profits or if I wrote a book and I was making royalty from a book that's all passive income. These three buckets have different tax rates

and different tax breaks. So when you go and make a lot of money from your job, your top tax rate is 37% at the federal level. If I go and make a lot of money from my investments, my top tax rate is 20%. Which means I can make a lot of money and pay half in taxes just by making a money through the stock market or other investments as opposed to the job. Now you're going to see just be

this harder to make your money from investments. You're right. But does that mean you should never

strive towards that? But now let's go back to a question. So now that you understand this three

“different buckets, what should I think about as a W2 owner as an employee to pay less money in taxes?”

Well, what if now you work a job, you are, I don't care what you do. You're an engineer, teacher, doctor, but you have a passion for gardening. So now you start a gardening podcast or blog or websites. So you go and open up a LLC. Now when you open up the LLC for gardening, now you wear a business owner. It has a business owner. You get to qualify for special tax, write-offs and deductions. So when I go and file purchased the equipment for my company,

I need a cell phone. I need a laptop for my company. Maybe need a microphone. These are now tax write-offs for my company. And if my company is losing money, I lost my money that I made because I had to invest in these things. I can take that loss from my company and use some of it or all of it to offset my job income. But it gets even more interesting when you start to see what is the power, what is the definition of ordinary and necessary? Because what the IRS says

is that you can write off ordinary and necessary expenses for your business. I'm telling you this, again, as a attorney who spent a lot of time studying the tax code. If I'm in the guard, I like gardening.

partner, who is my wife, need to travel to this business event in Hawaii. We need airfare. I need

a hotel for my needs of food, my need of rental car in Hawaii. Well, now this is not a vacation. This is a business trip with my business partner. And this now becomes a right off

“for the business. Now, of course, you have to engage in business activities. You have to go to an”

event. You should be starting to make some money. But now you can start to see how you can use the tax code to your advantage because now these things can become a way to offset your income as well. And that's just one form of now we think about wealth preservation. The other part is now thinking about protection. No wealthy person actually owns any real estate. I just put a saying my real estate investor. I own zero real estate. Well, I guess I want my house. Well, even that's not under my name.

Nothing is under my name. I own real estate under a tross or LLCs, because if I own a property, myself, and I rented out to somebody and this slip and fall, now that person can sue the owner of that property. And if I'm the owner of the property, that means I just put it saying I'm liable, which is what wealthy people don't want to own these assets. They own an LLC or an entity that owns the asset. So now when I open an LLC, let's just say I call it just put a thing LLC,

just put a thing LLC owns the property. Now the tenant sits and falls in the property. They sue the owner of the property, which is just put a thing LLC. Well, the most that they can take is whatever the entity owns. Not my personal assets. Not my personal things that I own, not my bank account, just the LLC. And if the LLC owns that house, that is the most that they can take in the worst case scenario that where you can protect your assets. And this is where now,

you start thinking about, okay, what are things that I can do to protect my assets, to pass my assets on, to give back to the world, because as you start to build wealth,

“you need to be thinking about that as well. So we talked about getting the money,”

growing the money and finally protecting the money. Yeah. It seems like a lot to think about though.

If you're a 23, 25 year old, just trying to get money and trying to, okay, I have to start paying off my student loans. I'm moving out from my parents. I'm on my own, you know, just getting started over the next few years, even thinking about the concept of all that is so foreign, at least it was for me. And like how does someone start to shift their mindset when it just seems so daunting, the entire financial process for the rest of your life, from making money is hard

for people, from protecting your money, from investing, knowing what to invest in, to taxes, knowing how to file taxes, all these things that don't teach you anything in school around these things, let alone how to shift my belief system around money that is not bad and evil when you get it. Like, where does someone even start? So it doesn't just feel like, you know what, I give up. It's too exhausting to even think about this stuff. I'm just going to let someone

else think about it and live my life. Let's say you wanted to start getting health. You want to get in shape. Now, if you wanted to do that, it's very easy to get caught up in this idea. Okay,

“do I need to be doing high-intensity workouts or low-intensity workout? Should I be doing weight training?”

Should I be doing cardio? What should I be eating? Should I be eating carnivores? Should I be eating vegan? Should I be eating intermittent fasting? Should I be eating this or that? And now all of a sudden we could caught up into all these things. What about macros? Because I need to be counting my calories and my carbs and my fats and I guess very intense. Don't forget about supplements because now we're getting to all, there's a whole line of things that we can go down. But in reality,

the first thing, but on the donuts, but on the hose, get on your treadmill. The next step is

maybe look at the weights. Do you want to try lifting up 15 pound dumbbells? Do you like that? You take one step at a time. Climbing amounting is difficult. I call it the climb to wealth. But the way you climb, this is one step at a time. Yeah. And you don't need to worry about the end destination. So maybe another example. Because if you knew how hard it would be to build this company. Today, and if you knew that when you were 18, I'm just going to guess there's a chance

50 50 chance you might not start it if you knew all the stuff you'd have to go through. The same thing. If I knew how difficult it would be to run briefs finance, there's a chance that I'm going to look back on my young self as this hard headed person. I'm going to start a company. I want to do that as it maybe don't do that. It's a lot of work. But when you just focus on the step that you're on right now, and you cut out the noise and you just focus on whatever you're working on today

you can forget about all the noise. I figure out where you are in your journey. I'm figure out where you are in the season of your life. Because for some people, even in the stage where I'm struggling

“with money, well, why are you so worried about taxes? Why are you so worried about a state planning?”

Why are you so worried about investing in money? Figure out how to get out of credit card debt. Yes. Figure out how to earn an extra $100 a week. That's all you got to worry about. Because that win is huge. If you can make an extra $100 a week, I next $1,000 a month. Oh man, it's a great win. Now you have another feel like you have 200 pounds off your chest. That's all you got to worry about. Then when you get there, now you're going to have some extra cash. Now you can start

thinking about, well, what do I do? Well, now we start thinking about 75, 15, 10. Maybe it's starting building a system for your money. Now you have money to save. You have some money to invest in. Now it's just start to feel good. Now your questions, okay. Well, I'm starting to invest in my money. Where do I invest in my money? Great. Now you can start to invest better. Because the mistake that so many people make is not that they invested into the wrong place is that

they never invested. And if you're never going to invest, you're never going to see the returns

that are possible. Because when you invest in money, what's going to happen is you will those money at some point. You will make a mistake. It is inevitable. Every single person does. But if you're not willing to get back up and keep going, you're never going to see the success

“that you should have. But you gotta be willing to try and get started. And if I can get one piece of”

advice, cut out the emotions. You want to know who the best investors are. Then this is proven. The best, the best investors are dead people. Because they don't sell. And the problem that we have is that we get emotional. And we make an investment. Think, and I'm going to be a long-term investor. And then the news says that the markets are crashing this and that. Now we come in and say, "And now we lose." And this is proven. I'm not just saying this. This is a recorded thing

that the brokerages of dead people have out reformed many living people. So he just got, I guess, started once the put a time. If you could only say that you had a rule that you had to put in school around the belief system about money. And every school said the same thing across America, across the world. And every kid heard this throughout their entire, each grade. Once a year, they heard the same thing around the secret to wealth. Whether it's a belief system, a mantra,

a method. And you can give one thing every year that everyone heard. Start to shift their belief system. What would that be? I'm going to bend the rules a little bit. But I'm going to say, money is a tool. Money is abundant. I will become wealthy. And it is my duty to become wealthy. These four things together. Now, starting with money as a tool, we've talked about this. It's understanding you should not be this person that is just in love with money. Money is not life.

“Money is one part of life. Remember, you need to be physically fit, mentally fit, spiritually fit,”

and also financially fit. Number two is money is abundant. Many of us get into the scarcity mindset of money. The scarcity mindset of money is that there's a limited amount of money in the world. Well, let me ask you a question. Do you think you can be happy and I can be happy? Yes. You can be happy. I can be happy. And Oliver listeners can be happy? Yes. There's no limitation on happiness. And I'm here to tell you there's no limitation on money. And I can tell you from a technical

perspective, because our central bank in the United States is always printing more and more money.

They're printing more money than you can even count. There's a lot of money out there. So you can be rich and I can be rich. Because we start to think, well, if I give you $20, you gain $20. I lost $20. And that's a very limited way of thinking. Because what if I could give you $20, but I bought back two hours of my time? What if I give you $20? And I have the knowledge to make $200. What if I give you $20? And I've got something worth $2,000 for me.

Now you start to think in terms of value as opposed to just price. And now you can start to change the way you think. When I used to be a realtor, I remember I worked with this family for so long to purchase the house and we went through house after house. You know, there were one of those very difficult clients that just wanted everything to be perfect. And that's okay. I didn't mind that.

But we went through so many houses over so many months. We finally found a house that they liked.

really quick. And I said, sure, what's that? They said, we want you to give us half-recommission and put it into the deal. I said, what do you mean? I said, and I wasn't towards the end of my college time. They said, we don't believe that a college guy should make whatever thousands of dollars you were going to make on this commission. So put half of it in the deal. Now, I did not know how to navigate that situation. So I said, all right, do it yourself.

They lost the ability to get that house because they wanted that extra few thousand dollars after the months of going into it. And so when you get into the scarcity mindset, it's extremely hard to think bigger and find opportunity. Because if you're in a position where you're making $50,000 a year right now. And now you start investing your money. You can say, just with I love this, I'm going to live even smaller. I'm going to pinch even more pennies. I'm going to find extra

dollars. But a penny pinched is just a penny. What if you could take the $50,000

“internet to half a million? Now, you're going to say, just breathe that's crazy. What do you mean?”

I can't turn into 50,000 to half a million. Well, what if you started learning how you could do that? What are you going to do? Go on to YouTube. It started learning how to increase my income. They're going to read very different books. Instead of reading Harry Potter, you're going to read how can I grow my business or start a business or make some more money? Now, you start to reframe that conversation. And even if you fail by 50%, you know, for 50,000 to 250,000. But you

can start to see it's that that scarcity of money of changing from money is limited to money is abundant to this. That's the second thing. The second thing. And then the third thing is that I will become wealthy. And if you grow up believing that somebody like you from your situation

who looks like you, from your circumstances, can never become wealthy. Because everybody tells

you that you cannot become wealthy. And you believe that you've been screwed over by the system you're right. It'll never happen. And unfortunately, we teach a lot of that. I remember a nice guest teaching Detroit public schools. That was a very common mindset. When I used to talk about, I would just go there to talk just general motivation and leadership and success and what's possible. And there was this very big belief that because I grew up in this rough school district,

because of the neighborhood that I'm because of the way that I look, somebody like me can make it out of the hood. Somebody like me, can I go up become wealthy? Yes, and why? And then it was well, my parents always told me that. Everybody around me always says that. And you start to realize that you are limited by your own beliefs. And then you start to realize, oh, sometimes if I just think a little bit different, I can see a different action. I can see a different outcome. Like I start

“to change what you do. And that's why you have to believe that it's possible for you. And you're”

going to look like the crazy person when you believe that you can become successful because now all of a sudden, you're going to go from grabbing around in a nice BMW and a nice house going on these nice vocations to driving around and a Toyota Corolla, smaller house, less vocations for a little while. It's not about sacrificing for the rest of your life. It's sacrificing for a portion of your life that we can live the rest of your life without having to worry about money.

But you have to believe it's possible for you to actually be crazy enough to do that.

And so now we start to think, okay, I can become wealthy and then finally, it is my duty to become

wealthy. I had to break it to you, but no one is going to take care of you. Your bank doesn't care about you becoming rich. Your bank uses you so they can get rich. Corporations don't care about you becoming rich. Corporations hire the best and smartest MBAs so that way they can get you to open

“up your wallet and give you their money. The government doesn't care. I mean, they say they want”

you to be rich, but in reality, if you're less financially savvy, the government makes more tax dollars from you. And so it is up to you to learn these things. I'm not saying I'm some saint. I'm not saying that I have no bias. I want people to sign up for my market briefs newsletter. I want people to purchase my research, but I also know that it's not for everybody. I just want people to understand, hey, look, we're in a world where if you are not

fine into the educated, you're going to be the one that's paying the price. And if you don't

understand that, you're going to spend the rest of your life working and never seeing that

success that you dream of or that you want. And if you don't understand why, here is the why. And you're going to have to start taking different actions in order to make that happen. Yeah, even if you're given money and you don't believe you're deserving or worthy of receiving it, you're probably going to sabotage it and lose it eventually. Have you heard of the third generation theory? No. It's this idea that if somebody builds wealth by the third generation

that money gets lost because you work so hard to build wealth, your kids watch you do it.

I saw what they did. And then their kids, they, they might see it because their grandparents

worked hard and maybe their parents installed it in the book by that next generation that seeing the value and the effort to earn it that money, now it's just this money.

“Let me just spend it and you don't see that value of hard work. And that's why I say the most”

expensive kind of money is free money. And true generational wealth is not a house. It's not dollars. It's not stocks. It's knowledge. Because now you can actually teach. And if you can learn how to do it, well, now it doesn't matter what's happening because the economy is going to change from this generation to the next to the next. Our economy is going to change faster than ever before.

Think about what your grandparents lived through, what your grandparents lived through was

probably not that different than your great great great grandparents. What you're living through today is going to be different than your kids. It's going to be different than your great kid, great grandkids and it's going to be very different than your great great grandkids. So our economy is changing faster than ever. And what's more important now than any type of

“generational wealth is that knowledge that you need to be able to learn and pass on.”

And if people want more of that knowledge, they want to stay informed of what's actually happening in the economy and the markets. They got to check out market briefs. It's your daily newsletter that breaks down the financial news that really matters in just a few minutes without the different fluff or the stress or the anxiety that's out there as well. So make sure you check out market briefs. Mark a briefs.com. You can go to mark briefs.com or go

to our home page briefs.co and you can see all of our news over there too. Briefs.co. You also have a workshop coming up. A free workshop coming up. A free workshop coming up from March so you mentioned we'll have that linked up unless there's a link that you're know of it already. You can see it on the website but it below to listen to this after March 18th, then you can also sign up for the wait list for the next one on the page. You got some great

content as well over on social media, YouTube. So many great places. What's the main thing for you? Is it Instagram? Is it YouTube? What's the main place to go? YouTube? If you can also check on my Instagram, really wherever, wherever you are, I'll find you there. We'll have it all linked up at briefs.co for sure. I've asked you the your three truths and definition of greatness before. I want to mix it up. If you, if you could only share one piece of advice to parents who are

about to have children or maybe who have young children right now about how to pass on knowledge to their kids about what really matters around money. And I love your framework of money as a tool, money as abundant. I will become wealthy. It is my duty to become wealthy. Because it's really teaching people about a belief system. But how does someone apparent really pass down this belief system to their kids? If all they've known is scarcity and fear and anxiety around money?

I think the first thing and the simplest thing is changing your language. Because instead of saying

I can't afford it. I don't have enough money. Never, ever, ever say that again.

Instead say, we can't afford it yet. I don't have enough money yet. Because now all of a sudden you open your mind, right? And you went from a closed sentence to how can we afford it? What do we need to do? And now you can start to have conversations. Number two, encourage learning about money. I don't have a book. Maybe one day, I will not have been pretty busy with what I do. But maybe one day, but you can start. I've got a book, make money. Exactly. Read Lewis's book. Make money easy. Yes.

Check out YouTube videos. Watch them with your kids. There's a lot of cool information out there and learn together. And the number three, especially as you build that wealth,

“this was going to sound harsh. But the best, easiest way to have an easy life is to have a hard life.”

Because when everything is given to you, life becomes extremely difficult. And obviously, there's a balance here. Someone's going to say, "Just bring to you know what it means to have a hard life. You're going to be traumatized." I'm not saying, I'm not saying traumatizers, kids, and close them in your basement like we were when we were young. I'm saying, I'm saying, let them understand what it means to have hardship, to struggle,

to struggle, to challenge adversity, to work for them. And also teach people to be good people. Do community service to the kids. Go and serve others. And you guys said, well, where do I do that? I don't care. You don't have to go to a soup kitchen, go to Walmart, go to Meyer, take

Because now you learn two things. Number one, it takes effort to make the $100.

“And they're giving away is helping somebody else. And there are many ways to give. But teach”

through example. Because I was one of the biggest assets. Well, like we've talked about in my religion, the sick religion, there's a very fundamental concept called saiva, which is selfless service.

And I'm very fortunate to have seen this growing up that

all people, rich people, middle class people, poor people, get together to give in any way,

“shape and form. Teach how to do that. Show how to do that. Go and just give. Because it's going to”

show them the, hey, you know, there's a happiness that you get out of serving and giving that you cannot get by buying stuff. Look, I'm not saying don't buy nice things. Have whatever the nice stuff you want. But there's a, there's a void that you get when you feel that happiness just by buying more materialistic stuff that you cannot feel unless you learn how to serve. And that is a special

type of happiness. Yeah, something I always say is gratitude in generosity or the gateway to a

abundance. I love that. And so just breathe. I want to express my gratitude for you for being so generous with us today. I want people to check out your content, your information. And thanks for all you do to serve so many people on educating them about money. Appreciate it, man. Thank you, Lewis. Thank you. Amen. Appreciate you. I hope you enjoyed today's episode and it inspired you on your journey towards greatness. Make sure to check out the show notes in the description for a full

“rundown of today's episode with all the important links. And if you want weekly exclusive bonus”

episodes with me personally, as well as ad free listening, then make sure to subscribe to our greatness plus channel exclusively on Apple podcast. Share this with a friend on social media and leave us a review on Apple podcast as well. Let me know what you enjoyed about this episode in that review. I really love hearing feedback from you and it helps us figure out how we can support and serve you moving forward. And I want to remind you of no one has told you lately that you are loved,

you are worthy, and you matter. And now it's time to go out there and do something great.