Transcription
So apparently, Gen Z consumers—34%—seek financial advice from TikTok, 33% from YouTube, and 24% from financial advisors. Boo. What is the financial advice I’m not getting in [__]? Wall Street Journal, Financial Times—boring, boring. Washington Post—boring. I want to know what’s on the talk, so let’s take a look at TikTok investors and see if we can learn a thing or two about the right way to build a smart financial future.
Here’s why you should never pay off your house. I’m sorry, first line we’ve seen: Here’s why you should never pay off your house. Okay, let them cook. Here’s your house; it’s worth $100,000. That’s what this stack is worth. You finally wipe it out; you own your house free and clear. I got news for you: What do you have for retirement? You got nothing for retirement because you put all your focus in getting your house paid off. Instead, mortgage that house; access the majority of this money. You know what I’d use it for? I’d go buy five more houses. But a few years later, you’re gonna sell those five more—you’re gonna sell those fifteen for fifty more. How many houses do you need to cover all of your expenses for the rest of your life? What he’s saying is, so you take out a loan for $100,000 to buy a house. You can do like a second mortgage, and he’s saying, do that; take the money out of your house; take even more debt on and use that to put down down payments on five more houses. That’s five more mortgages you got to pay. It’s incredibly risky. This is [__] stupid. Maybe it’s genius; let’s not rule that out. What’s your net worth now?
I can explain this in a way that might sound crazy. I’m a billionaire. Let’s think about it. Does a billionaire have a liquid billion dollars in his bank account? Okay, so is he actually a billionaire? No, like liquid billionaire? No. I’m not a liquid billionaire. Yeah, probably will be mathematically soon, but I’m a billionaire because, number one, let’s just say I can make $500,000 to a million a month. That’s like $12 million a year. You do like a money calculator, since it’s like a hedge fund style thing, like we’re already in the hundreds of millions, and then other businesses—money calculator, hedge fund style thing. Wait, I’m sorry, I could do it; I could do—I could do it. You mean—oh, you mean a money calculator? No, no, no, no, no, no. All right, all right, a money calculator. So I, I just—I just—yeah. Oh, I get it. Oh, that’s how it’s done. I’m a Web3 wealth manager now. Like, I, I own a hedge fund there. So as far as the money calculator thing, my net worth is above a billion dollars, hopefully a trillion soon. Youngest billionaire in the world right now—most Bill Gates, Larry Ellison combined. You’re close with your Web3 hedge fund.
What if I told you there was a way to buy things like this $100,000 watch without spending a single dollar of your own money, using business credit like this that you never actually have to pay back? For business credit, you are not personally held responsible for that line of credit. So let’s say, for example, how I got this watch. I was able to open a business that I didn’t really give a [__] about. I went, opened business credit cards in that account. I then proceeded to go on, buy this $400,000—I’m gonna turn around and sell it to a jeweler for $80,000 in cash, which now gives me the cash. I’ll file bankruptcy on the company; I’ll never have to actually pay it back because I’m not personally liable for the American Express card. It’s all liable. Yeah, dude, just straight-up fraud. American Express is not gonna give you a $100,000 line of credit on a business that has no income. This is just follow-up. He had a follow-up TikTok. The funniest part about this whole video is how many of you guys thought I was being serious. You had to be [__] stupid to believe that you can open a brand-new business, get American Express, and be able to spend $100,000 without any history on a business or any of that kind of [__]. I was trolling. Another TikTok video; that’s all, and y’all blew it up. Like I knew what [__] happened, and I was commenting, “Fraud, this fraud, that fraud, this,” but there’s no proof of me for anything because it was all complete [__]. Save, dude, saved. So I think he did this, then deleted his account, which is very funny because if he did do that—yeah, the stupidest thing you could possibly do is brag about it on TikTok, bro. That is 100% gonna show up in jail in court. But good idea, though, honestly; let’s not rule it out.
A sneak peek at one of the top-secret trading strategies from January 17th, 2021. This is like the beginning of the 2021 bubble, dude. What happened? Bring those days back. Bring back NFTs, bring back JPEGs of monkeys, bring back crypto to the moon. What a golden era. So how do we make money from home? Basically, I just trade stocks on an app called Robinhood. Here’s my strategy in a nutshell: I see a stock going up, and I buy it, and I just watch it until it stops going up, and then I sell it, and I do that over and over, and it pays for our whole lifestyle. In 2021, January, people just did this. You could just buy every dip because everything went back to new all-time highs every two months. Someone wanted to make a million dollars; that was their dream in life. What would you recommend to them? Anyone can really become a millionaire because, like, the world is so big and the markets are so massive. All you got to do is get a dollar from a million people out of like 8 billion. If you just walk around every single day asking for a dollar, you can get to a million dollars pretty easy. So like, that’s the plan—to go person to person and beg for a dollar. His grindset is what homeless people do. I knew all those—yeah, those buskers were millionaires. I knew it; they’re holding out.
How I make $10,000 a week at 19 years old. Okay, is anyone in chat 19 years old? Be honest, and you just really could use an extra $10,000 a week because it’s gonna be huge for you. Every single morning I wake up, I drink water; I take care of my health. That’s the first thing. I can’t be drinking some chlorophyll; that’s pretty new, but I go straight into meditation. I literally meditate, and I’m probably living in the spirit world. Okay, drink water, meditate till you’re living in the spirit world. I like this chlorophyll too—for plants. But basically, what I really do is something called course creation. Basically, what I did is monetize my skill set, my knowledge, and turn it into an online course. I literally work two to three hours a day to make six figures passively with my funnel. So if you want to learn exactly how I’m doing it, I just created my free masterclass, but there are only 50 spots. So your income is selling a course on how to sell courses. That’s genius. So don’t forget the water and the, the manifestations and the meditation too, though. If she’s making this money, I guess she knows how to sell courses, but her course has to be just tell people that you have a course. The only way to sell the course is to tell people you make a bunch of money, and the only way to make the money is to sell the course, and if they make a course, then you’re just competing on courses.
So Andrew Tate said—he said once you have $20 million, like you can have everything unless you want to buy a jet or a yacht, like you’re set. But for me, I’m like, I burn through $20 million, and like, dude, I could spend $20 million before you could say $20 million, like—and I even think like $100 million is not a lot. I know, like, would you buy an $80 million debt? Let’s say, you know—are you ever gonna stop? At what amount of money are you gonna be like, “No”? You’re rogue, dude. Million-dollar head. I mean, this guy could make money as a Minecraft YouTuber. That’s true. This guy with this hair and these glasses—that he actually will be [__] $100 million in no time, no time.
I’m getting a ton of questions about how expensive is it to maintain my $5 million, 100-foot yacht in Miami, Florida. Let’s get right into it. First, I had to buy the yacht. I put about $2.5 million down on a $5 million purchase price. My payment’s a little over $20,000 per month. After I bought Cersei, I had to find a place to dock her. The best marina in Miami charges around $25,000 per month. As you can see, first month’s, last month’s, and security deposit was a little under $75,000. Jesus Christ. And of course, we’ve got to fuel her up—online course ad. And you can’t have a $5 million boat without insurance. As you can see here, the annual premium is right at $62,000 per year. I also need to pay for a hurricane plan. You have to rent a slip for six months during hurricane season for $8,000 a month, or $48,000 per season. That’s ridiculous. I’m captain, a full-time engineer, and a deckhand; that’s another $200,000 per year just in crew costs. Either that’s fake or the stupidest use of your money I could imagine. You’re not making that money on [__] course income. I read an article—was about how yachts are like the only thing left that really separates the Omega Rich from just the very rich. You know what I’m saying? If you’re a millionaire, it’s not like the shit’s hard for you, but you can’t afford a [__] mega-yacht.
Why cooking is for brokies. Okay, this one speaks to me because I rarely cook. I never cook. I keep an empty refrigerator. My dad’s like, “Son, don’t you think it’d be so much cheaper if you cooked?” I said, “No, not really.” So let’s talk about that scenario. Call them, the valet, getting downstairs in the elevator to valet, getting in the G-Wagon, burning fuels, sitting in traffic on Biscayne, go to Publix, trying to find a parking spot at Publix, get—now looking around the store for what I want to do. Don’t want [__] chicken or steak. Getting the food, all the ingredients, going home, parking again, going back up the elevator, getting the pots and pans out, cooking [__] idiot. Cooking, saving money? The Dial soap that costs $8, a little bottle, clean the dishes, clean the plates, nerds. Okay, even in your extremely biased example, it’s still way cheaper by a lot. Like, I’d order Uber Eats fairly regularly, and it’s the [__] worst habit I have, dude. It’s so goddamn expensive. Oh hey, wait, here we go. This guy’s got a good plan. This guy sells a course, so you know he’s smart. So many people that look like this on TikTok talk about hedge funds, bro. You don’t got no hedge fund; your hair is a hedge.
The minimum that I’m going to be willing to work with would be $100 million, and right, you can’t—you can’t promise investors 100 or 200% every year when you’re dealing with that type of money. So what do you do? You just de-risk; you just risk a lot less, and you keep trading the same exact way that you usually do. So instead, it’s like 20 or 30%. It is a fictional example. He is still promising that once he gets to $100 million, he’s still guaranteeing 20 to 30% returns. That would make you better made off. I’ve got $50,000, and I want to buy ten houses. What most people do is—most people save really hard; they’ll make a load of money, and then they’ll dump it into a house, and then they’ll save the money up again, and they’ll jump into a house. That don’t work anymore because how can an average person save up $50,000? So the strategy is—and this is what I do, and this is what I teach—is instead of buying a house for $200,000 that’s in perfect, pristine condition and renting it out, find a house in the same street that’s really run down that needs $50,000 spending on it. It’s got structural problems; it’s a mess. Like, don’t just waste your money on a house; make sure you’re buying a house with structural problems. All right, for $100,000, buy cash. If you haven’t got cash, get a bridging line. So again, he said your opening argument was no one considers $50,000, so get a bridging loan for $100,000. I’ve got my own bridging company because a lot of people say, “Hahaha, oh, so I could just get a loan from you to invest in a dilapidated house.” That’s good; that’s good. So now you bought a house for $100,000; you spent $50,000 on it, but now it’s worth $200,000. So now what you do is you now refinance it, get a 75% mortgage loan to value, and they’ll give you 75% of the new value. So instead of getting a mortgage before you buy, get a mortgage after you buy. So they’ll give you $150,000, which pays back—you get your $50,000 back, and you can pay the bridging company back, and then you go again. So it’s recycling money. That is how most wealthy people do do property. No, no, that’s not how most wealthy people do do property. I like that you give them the hiatus bridging loan, then tell them to take out a mortgage on their new property so they can immediately pay you back.
You want to start making [__] you money, getting paid to exist, doing jack [__] and making money out of thin air? I got you. Here’s what you’re gonna do. Try this for a week. First of all, I want you to remove this statement—“I can’t afford this”—out of your vocabulary. Never want to hear you say this again. Instead, I want you to turn this statement into a question and ask, “How can I afford this?” If you start approaching money from an abundance mindset, the universe will literally throw money at you. This is exactly what my clients who are doing the workshop to grab at the top of my page—oh, there’s a workshop. The workshops—how to manifest the money. I just manifested $13,000. Babes, your workshop got me to receive $10,000 as a gift. I cannot thank you enough. Rich people beg for money; wealthy will manifest it. Yeah, it’s definitely not that they like just own large amounts of assets and property; it’s like they manifest it. They just think about it harder. That was good. I think we learned a lot today. Everyone here now has no excuse for not being rich. Uh, and that’s why if you want to learn more, sign up for my course. Huh. Sign up for my course. Where I watch more finance TikToks. [Music] [Music]