9 janvier 2026

Welcome to day two of the wealth OS accelerator. Yesterday, you learned something critical. You learned why building wealth with your balance sheet, with your treasury, is better than trying to earn more income or find the right investments. You mapped your balance sheet. You classified your assets. You defined your liquidity stack. You set your leverage policy. You built the Treasury operating system. And if you're here this morning, that means you're serious.

Day one was the system. Day one was the engine. We installed the infrastructure, but an engine needs fuel to move. It needs a supercharger to really accelerate it. So today, today is different. Today is about the supercharger. Today, you learn how to grow wealth faster without having to work harder, without having to make more money. And here's what most people miss. They think the answer is more. More income, more hours, better investments. But you already know that's not the game. Revenue is vanity, but the balance sheet is our destiny. Yesterday, we built the engine. Today, we installed the supercharger.

This morning, I'm showing you how to optimize your income, how to extract more wealth from the same paycheck without changing jobs or earning more. Then, my friend Garrett is going to walk you through 12 to 15 tax strategies that have saved participants up to six figures or more. And here's a key: when you're able to keep an extra $100,000 or more, and add that into your Treasury OS, things really take off. That's part of the supercharger. This afternoon, the multiply framework. How to turn dormant capital into compounding engines. How to increase your wealth velocity, getting $1 to do the work of three or five or $10 for 10 times the growth. This is how you grow wealth faster without working harder.

Now, I need to talk to you about something. What's at stake today is your future. You're watching what's happening. Inflation isn't going away. The crash up. It's here. Asset prices are rising faster than your income. We have AI disruption right around the corner. And here's what I believe: You have 24 months to get this right. We don't know what's on the other side. We don't know which jobs will exist. Which income streams will survive. But here's what I do know: The people who are here, who learn to build wealth with their balance sheet instead of income, who learn how to compound and fund life with assets, who optimize right now, who build liquidity, who limit tax leakage, who multiply dormant capital, will be positioned. The people who wait will get caught.

I'm not saying this to scare you. I'm saying this because you're here. You cleared your calendar. You built the foundation yesterday. Now, it's time to finish the build. Today is not theory. Today is mission critical. What you learn today, what you implement today determines where you are 24 months from now. So, I need you locked in.

Here's what today looks like: Income optimization. How to engineer more wealth from the same paycheck. Extraction, not earning more. Then, tax optimization with Garrett. Tax strategies. Six-figure savings. You'll leave with a dollar figure. The exact amount you're getting back. And when that $100,000 or more flows into your Treasury OS, that's when acceleration begins. After lunch, the multiply framework. Dormant capital becomes compounding engines. Home equity, portfolio drag, lifestyle assets. We're increasing wealth velocity, getting $1 to do the work of three or five or $10.

But here's what I need from you today: Show up. Stay engaged. Do the work. Every session builds upon the last. If you check out, you'll miss the through line. But stay locked in. You'll see the complete picture and know exactly what to do on Monday. This is where it all comes together. This is where the Treasury OS becomes unstoppable. So here's my challenge: Make today matter. Yesterday you built the engine. Today we installed the supercharger. 24 months from now, when the world looks different, you'll be positioned because you did the work today. So let's go optimize. Let's go multiply.

All right, we're back. We are back for day two. Oh man, I'm excited. I'm excited because what we're going to talk about today is my favorite part. It's the part that really moves, the part that really changes everything. Of course, you can't jump straight to bolting on the supercharger on your motor until you've built the motor properly. You put the right parts into it. And that's what yesterday was for. We're going to talk about that in a minute.

Um, I want to say just real quickly before we jump in. Um, look, man, we are, we're going deep here. We're going deep. And, uh, my advisors that have helped me sort of figure out how to do this sort of like live event have advised me against it. Uh, they think it should be more surface level, should be more transformational. But that's not me. I'm an educator. I'm a teacher. And as I told you yesterday, I'm going to give it all to you. There's not one other event where I'm trying to sell you on something, but yes, I do program to sell you. But I'm going to give it all to you. So, I'm going to talk fast. We're going through a lot of data. You need to write down really, really quick. Yesterday, a lot of you like, "Oh, no, go back to that slide. Oh, repeat that." I don't have time to go back to slides. I don't have time to repeat it. So, listen. Write it down. Use the worksheets.

And let me, let me ask you something. Let me advise you something. Uh, you know, I talked about yesterday like I sold this event too cheap, in my opinion, because it doesn't make you value it enough. Um, normally, you only get this when you've paid $10,000 to come to my studio to learn it. So, just because you paid less for it, don't value it less. Play full out. Play full out.

So, uh, I see a lot of noise in the chat. Stop that. Like, we got breaks. We have a lot of breaks. We got breakout rooms. We got lunch time. If you want to talk and like, uh, ask all those questions during that time, but like, I see all kinds of questions about support and recordings and like slides and all these things and like, do that during the break. Do that during the break, right? If we're in like a live think like we're in a live event, you're gonna sit down and you're gonna listen, taking notes. During break, when you get up, you go find someone in the back and ask them the questions. So, in the break, do that. I'll just let everybody know and just lay it out there. All the, you're here live. I want you here live because we're discussing it. I'm answering the questions of coaching through it. Okay? So you need to be here live as I'm teaching you this live and I'm giving you the work. So each module has like an artifact and I'm giving it to you live. If you miss any of it, you can go get the recordings. I saw people, "Oh, how unfair. He's making it only available from cars." I wasn't going to give them to you at all. Be here live. If you want the recordings, you can get the slide presentations, you get all the worksheets, you get the recordings, you can watch what you want. It's like, it's like $200. It's like ridiculously cheap. So, if you want it, just message support. Let's do it during a break. Okay, enough of that. Let's go ahead and jump right in because I got a lot of ground to cover and let's talk to the serious people here.

So, we are going into day two, uh, day two of the wealth operating system accelerator event. As we talked about before, an operating system is like an iOS, an operating system on my phone where I decide what I want the function to be and I purpose-built it to do that, and once I built it, it can just continue to run. Yesterday, we built the engine. We've been using an engine, uh, framework. We built the engine and we built a, we built a reliable, protected wealth engine. Now, it's a solid engine. It's got all the good parts in it, but it's only about 150 horsepower. You can run it as is as we left yesterday. Start the parts. It's only about 100 horsepower. It's capable of 1,000 horsepower. It's capable of 2,000 horsepower, but only about 15. It'll run. It's not going to blow up. But here's the problem: Most people are going to build that engine, they're going to drive around town, and they're going to go 35 mph the rest of their life. I showed you the picture of my Lamborghini. I'm a race car driver. I don't like going 30 mph. And I don't like building my 35 mph speed either. Hopefully, you don't either. So, the engine is reliable. It's protected, but it's meant to be a race engine. You're meant to be a race engine.

So, today we're going to add the supercharger onto the engine. And then my friend Gary is going to come. He's going to add the nitroxide onto the engine. And we're going to bump that race motor from 150 horsepower to 600 horsepower. Some of you are going to leave with a horsepower motor. Same engine, same engine, just faster. Okay, that's what today's about.

Before we dive in, I want to see who's in the room. And I want to harvest a little bit of wins from yesterday. It's very important. I talked about yesterday, we want to focus on what we have. What we get now, get. So, let's focus on some wins from yesterday real quick. Just drop a fire in the chat if you're here yesterday for day one. Just drop, "We're here." Drop a fire. Here we go. Okay, good. So, I see a lot of you here. Good. Let's go. Let's go. We're gonna go. All right, that's good. Now, if you're new today, if you missed day one, give me, give me a wave. Like, let me know if you're new here. That way I know who you are. All right, there we go. I see some new, I see some new ones. Welcome. Welcome. Now, you did miss some fire yesterday. We're going to catch you up real quick. Okay, we're going to catch up real quick.

Now, for those of you who were here, who gave me the fire emoji? Oh, there we go. Fire emoji. I love that, Karen. Good job, Karen. A flaming heart. Even better there, Chad. Thank you. Okay, for those of you who are here yesterday, let's, let's, let's find some micro wins. We spent like five hours building out the Treasury offering system, the Treasury OS, the engine. Now, we talked about the day for a lot of you was like a huge identity shift moment. Like, you went from like, "Oh my gosh, I've been trying to focus on making more money this whole time. I didn't realize the whole world worked on on P&L, but P&L. And if I just switch to Treasury, I can grow so much faster." So there's a huge identity shift for you. So I want to hear from you if you're here yesterday. Drop in the chat one: What was your biggest aha moment from day one? 12 months of liquidity, low risk, recognizing risk, proportion of assets, rent liquidity. We never, we never sell assets. Garrett, we rent liquidity against the assets. That's what I talked about yesterday. You know, balance sheet control, discipline, learning to love debt. Uh, never sell assets. Cash is not liquidity. Well, cash is liquidity, but liquidity, cash not the same. Leverage off liquidity. Rent liquidity. Rent liquidity. Okay. You guys are getting it. You guys are getting it. All right. I love that. Defer consumption. Yes. Defer consumption.

Now, did you discover a $50,000 idea? Remember, I hear something I could make you or save $50k to write down. Did you discover 50 yet? Something you realized that you're leaving on the table? Just drop "Yes." 1, 2, 5, 10. Okay. I see three. I see six. I see two, four. One, four. Lots of sixes. Five. Threes. Great. Good. That's what I want to hear. 1, 4, 1. Situation is more about having operational policies. Yep. Two. Two. One. Okay. Good. Sure. We want to celebrate the little wins because little wins is what gives us energy. It's what gives us energy to keep going to work towards those bigger goals. We need to see a little bit of progress. A lot of times we're like, "I need to make a million dollars. A million dollars. I'm happy." Rather than like recognizing that we're winning along the path to getting there. And what we all need to learn is to fall in love with the process. You know, a hunter, a hunter's true purpose is not to kill. A hunter's true purpose is the hunt. So, we have to fall in love with the process. We only fall in love with the process if we recognize these micro wins. Okay, let's keep going.

So, okay, there. Okay. So, for those that missed day one, here's what we built in 60 seconds. I'm not going to go back through the whole thing. Uh, but let me catch you up again. If you want the recordings, these slides, you can get those later. Ask, ask on the break. So, artifact number one, artifacts were things I gave you that you can fill out and then you're going to fill these on your own. You're going to put them all together and it's going to create your Treasury doctrines. Four doctrines we built. AR is your Treasury doctrine. We created 12 rules. 12 rules for how you deploy capital. Now, we didn't build all 12 together. We got you started because obviously your same emotion. We got you going. But you created 12 rules on how to deploy capital. And this is your operating manual. The OS is built with rules because it's software. It's not up to human to decide what each thing happens. It's a set of rules that we built.

Artifact number two. We built the balance sheet X-ray. And what we did is we went through and classified every asset and put them into four categories. Remember the four categories? Productive, speculative, lifestyle. Remember that? Okay. Then we went to artifact number three, which was the liquidity stack. And we learned, yeah, dead weight too. You guys got a lot of dead weight assets in it. Then went to art number three, we did the liquidity stack. So then you built a four-tier liquidity system. This way you always know how much cash to keep. How we fuel our system. We want, we want layer four to grow and compound and we use one through three to protect layer four. Remember that?

Artifact number four. I don't say the most important. They're all important. They all build on each other. Is the risk and leverage policy. Because everyone hears this stuff and goes, "Oh man, that's too risky. I can never do that. You're taking too much risk. What if, what if, what if, what if anything bad happens?" And so we said, "Yes, what are all the bad things that could happen? Let's recognize all those and then let's build mitigation for all of those." Going in the water is risky if you don't know how to swim. But I can also learn how to swim. I can also put on a life jacket. I can also make sure the pool is shallow. I can make sure there's a life. There's all types of things I can do to mitigate my risk getting in the water, right? Okay. So that was day one. You built the engine.

Now, day two. This is where we're at. Today, again, is about souping up that motor. We're going to add the supercharger. So here's what it looks like. I'm going to go through what I call the multiply session or the velocity engine. All right. That's I start about five minutes. Turbocharger number one. I have dozens and dozens of these. Uh, I like to think of them as wealth engineering. Maybe wealth alchemy. We can create money out of nothing. Uh, I'm calling velocity engines. I've got dozens and dozens of these. I don't have time for that. I'm going to give you two of them. We're going to walk them through and I'm going to show you how to pull a million dollars out of the air. Anybody like that? How to turn lazy, inefficient, dormant capital into $10 million or $50 million over 20 years. Not, not two months. I'm sorry, not two months, 20 years. How to find $500,000, a million dollars, $2 million sitting idle. And we'll show you how to activate it. We're going to multiply. We're going to go faster, faster, and faster, faster, faster. Now, again, if you're a beginner, you're going to go slow. You can't, you can't jump in. You can't jump in an Indy car and go race right off the bat. Start at the beginning.

Then, 11:15 session. Have our guns come up. We're going to talk about tax optimization. Going to show you dozens, I don't know, a dozen, dozens, 15 strategies. I don't know how to save money. And we're going to find, we're going to shake you upside down and get that money out of your pocket, pull it out of the couch cushions. $50,000, $100,000, $200,000 that we can get back right now. And then you'll leave with a dollar figure, the exact amount that you're keeping, that you get to keep your hard money that you can keep instead of giving it to the government. And then we take that money that we already had, we already, we already sweated for, worked hard for, we already earned it. We get to keep some of it and we multiply that even faster. That's wealth alchemy. That's wealth engineering.

Okay. Then we're going to do a breakout room. You guys loved that yesterday. Breakout room so we can discuss these from a bunch of different angles. We're going to go to lunch. If you're VIPs, you can be with me in VIP lunch. After lunch, then we're going to put the nitrous oxide on how we execute all this. The most important, right? Because again, I told you a million times, like knowledge is power, only applied knowledge. I'm not here to sing, dance on stage. You can watch my YouTube videos, be like that. This is about implementation. That's what we're going to do after lunch. How do we take all this now? Because we're just buried, and we've got to implement it all. The playbooks, how to install it, how to take your motor from 150 horsepower to 600 horsepower, the same engine, supercharged, right? That's how we can get our $500,000 and turn it into $10 million. Does that sound good?

Okay. Now, uh, should sound good. I guess not. Anybody sound good? Anybody, anyone hear that stuff? Okay, good. All right. We got a thumbs up. There we go. Got to pound it. All right, let's go. Some muscles. I like the muscle emoji. All right. So, again, what we're doing today, whenever you hear a $50,000 idea, write it down. The reason why we're doing this is because you need to, you need to take this more seriously. You need to realize how valuable this information is. Uh, the Navy SEAL boot camp is one of the hardest things that they, that anybody ever does in the world. They have a very low rate of people that go through it. Very low rate of people make it through it. And the people that make it through it, most of them make it because what they've discovered is their, their why they want to go through it has to be bigger than their why not. Our why nots pile up all day, every day. "Oh, I'm tired. I don't feel good. I'm too busy. I'm too scared. I'm whatever." Our why nots pile up all the time. Our why has to be bigger. And if we can write down all these $50, $50, we can look at it and go, "Dude, that's like $500,000 and I could actually turn into a million or $5 million or $10 million." Now it's powerful. Now my why is there. Now I'm not, I'm not too tired to go make $5 million. I'm not too tired to go shift my entire life, my entire bloodline. Okay? So that's why I write those down. Right? Every time I hear that, write those down $50k.

Um, now also a couple other things. Show up for every session, right? I'm not, I'm not telling you what's coming next. I'm not giving you exact time frame because it's not a buffet. You don't pick and choose. Everything is building on top of each other. If you miss one, you sort of miss a critical piece of this whole thing. Do the worksheets. So the worksheets can be complex. I have a couple spreadsheets, Google Sheets I'm going to give you. They're really complex. I'm not going to give them to you for free today. But you might be better to write them down on a piece of paper because we might just want to get in them quickly. They're going to run through pretty quickly. So just use your pen and your paper. Do the worksheets. I'm going to give them to you. Every time we drop them, they're going to be in the chat. But you have to download them. If you're not here when we drop them, you don't get them. Okay.

Um, engage in the breakout rooms. Yesterday, in the morning, you guys were engaging. Some people were in good rooms, bad rooms. By the end of the day, everybody loved it. It works really well. Everybody engages. Again, play full out. You're here. Don't waste your time. Like, you're here. You might as well be all in. Be invested. Ask questions in the chat. You can see I kind of monitor it. And of course, we have lots of Q&A throughout the event. We're going to do coaching after we go through after lunch, after we go through the implementation of nitric oxide. Then I'm going to go into a whole laser coaching session. So a lot of ask questions, but we can't really answer them all as in like coaching because we've gone through the whole program. But at the end of the day, we actually go through coaching, how you can take this one piece of information and actually apply it. We'll do that out there today. But ask questions in the chat. Turn your cameras on because I love seeing all you guys. I love seeing your hands and your, your, uh, your, uh, your signals back to me because I get very boring just talking to a camera lens all day. And, uh, give me a muscle. You're ready to go. All right. I see the muscle coming in. All right.

So, here's what's going to be coming up next. I've already kind of told you, but just real quickly. Where'd I go? It's a big day. It's a big day. I'm excited about it. Multiply velocity. My favorite. Tech optimization. Lunch break. Openation program. Coaching program. The VIP room will open after that. It's going to be amazing. All right. All right. With that being said, uh, give me a, uh, can I get a two-minute, two-minute countdown so I can, uh, swap this out real quick? All right, we're going to go. Just give me two minutes. Let's get set up for the big multiply session. Get your pen and paper, go to the bathroom right now. Turn off anything you need to turn off. Send your last text message, put your phone on airplane mode, and get ready to lock in. Two minutes.

>> No, stop.

>> When you make a decision to do what you want to do with your life, just know this: because the family and the friends in your life do not share your vision, they will be the first person to try and talk you out of what you want to do with your life. But know this: only those that can see the invisible can do the impossible.

>> People that don't have any dreams for themselves, they tend to be dream killers. They'll laugh at you. They'll call you names because they have no dreams. They don't want it.

>> Most people go through life holding back. If you get into the habit of just being mediocre, it will become a part of your consciousness. If you get a habit of giving less than what you have within you to give, it will begin to reflect itself in your personality. It will begin to damage you psychologically. You're part of that kind of self-destructive behavior. You want to set a high standard for yourself. Let's put this in you. And you've got to learn how to the critics outside and the critic inside and says, "I'm going to do this. I'm going to harness my will and I'm not going to let anything stop."

>> You have to be relentless. You have to never let off the gas. Never stop, never quit. Never allow anyone to talk you out of the dream, vision, ideas. Understand that for every level, there's another devil. It is the devil's job to create challenges, issues, and conflicts, insecurities, fear.

Okay, we are back and we're going to go. We're going to run. We're going to sprint. So, you guys better be ready here. Again, I'm going to talk fast because I'm literally trying, I'm trying to cram 12 months of coaching, or really, it's about, it's about 12 weeks of coaching, um, into two and a half days. So, you got to get everything. Obviously, I'm sort of giving you sort of like the bones, uh, enough to run with. Um, and again, like I should be a little more high level, surface level, but we're going to go deep. So, let me start my timer here. Got to make sure I stay on track. There we go.

For the next 90 minutes, I need you locked in. I'm going to show you how to turn lazy capital. Why do I call it lazy? As I said yesterday, the reason why you and I, the reason not I anymore, I used to. The reason why you guys have to work so hard is because your money doesn't. We talked yesterday in some of the coaching and Q&A video yesterday. Someone said, you know, "I've taken a second job. I started a side hustle." So, you have two jobs, but your money has one. I ain't playing that. I want my money to have two jobs, three jobs. I want to have five jobs. I don't want to have two jobs. I want to have a job, but I want my money to have two jobs, three jobs. Okay? So, that's why I call it lazy capital. It's only doing one job. It's dormant capital. You want to activate it.

Now, you, a lot of you, I can't speak for all of you, but a lot of you probably already have $10 million, $20 million, $40 million available to you in the next 20 years if you get activated today. Let me see a real show of hands here. Uh, how many of you own a home? Give me a thumbs up in the chat. I see a bunch of hands. That's cool. All right. How many homes? Raise your hand. Keep it up. Keep up. Keep your hand. Flip through the thing for me. All right. A lot of you. Lot of you. How many of you have cash and savings? Raise your hand. Have cash savings. Barely earn anything. Okay. Uh, how many of you have, uh, paid-off rental properties? Couple of you. Some of you. Uh, what about how many of you have 401ks or business equity? 401ks. Not as many. Okay. Not as many people. How many of you have access to credit? Could you get a credit card, a credit line? Oh, okay. Everybody's hand should be up. Let me tell you this: If your hand's not up, either one, you're not listening, or two, you're not participating, or three, go fix your credit, man. You can fix your credit either. Like a dozen services that you probably find in 60 seconds. I can do it for you, or they just do it on your own today. Okay. So, if, if you notice, everyone raised their hand at one point. So maybe you don't have one of those, or maybe you have all of them, but everyone has at least one or two of those. All right, you're all sitting on lazy, dormant capital. Every one of you.

Now, the next eight minutes, I'm going to prove that you have way more than you actually think you do. Sound good? All right, let's go find your money. All right, so let's look at, let's try to calculate this. How much more capital you have? I'm going to drop a link in the chat right now for the, uh, for the Google Sheet. The Google Sheet. Uh, Barbara, can you drop that in there?

>> It's the, drop the link for the, um, Sarah example. Yeah, you can just drop them both.

So, I'm going to give you two spread, two, two Google Sheets. One is one that's fully built out with sample data, and one that's blank, so you can fill it out. So, Sarah's demo version. Now, some of you might just want to write down paper because it's probably fast to try to figure out this spreadsheet. That's amazing. All right, but don't overthink it. Rough numbers are fine. We're not, we're not doing taxes here.

If I could, I'd love to have a volunteer. This would be somebody who's willing to share numbers live with us. Anybody want to volunteer and actually share numbers? Anybody have the house, the business, a rental property, 401k, any of those things that they'd love to volunteer and I'll walk through your numbers live? Okay, I see I see Tony up there. What about Tony Odoni? We bring him up. He's up on the top left.

>> All right. I'm also going to use hypothetical Sarah. I'm also going to use Sarah. All right. Because I've got some numbers pre-prepared because I'm going to do mathematical on the fly.

>> Tony, you're live. You hear me?

>> Yeah, I can hear you.

>> All right. Thanks for, thanks for volunteering, Tony.

>> Yeah, no problem.

>> All right. So, what we want to do, we're again, we just want to get things in motion. So, this is not super detailed. We're not, everything that you want, but let's just start trying to calculate these things. We'll do five rows. Everyone else also work along and fill these out. All right. Total them up. Let's go through five rows. What is our total? Drop in the chat if you're comfortable with it. We don't really know each other and like, let's say we know the billions are. All right. Uh, or just write it down. All right. But I want, I want, I want you to see what happens when we start activating. Okay.

So, number one, write down what your home equity is. And then let's, let's just put real estate equity into this. So, if my home is worth a million dollars and I owe $500,000 on it, I have $500,000 equity. You guys get that? So, add up real quickly what your home equities are. Tony, if you want to do that and give us a number, I'm going to write these down.

>> Yeah, home equity. Um, we got a million-dollar home. It's about half paid off. So, I'd say about a half million dollars of equity in my home.

>> Okay. Any other real estate?

>> I do not have any other real estate. I've, I've stayed away from real estate.

>> Okay. Okay. No problem. Um, all right. Now, yesterday we went through like liquidity layers like one and two, which was like cash and cash equivalents. Um, if you want to give us an idea of what those numbers are, I want to write those down. And everybody else, go back to your sheets from yesterday and get those totals. Whenever you're ready, Tony.

>> Savings for me, I give about $100,000 into a savings account. It earns about three and a half, four percent in my bank, in my bank using a sweep account.

>> Okay. Do you have a business or anything like that?

>> I do. I have.

>> So, what do you think your cash balances are? Like, you said your savings, but your operating accounts is that?

>> It's, it's high. $50,000 averages, $100,000 averages maybe.

>> No, seven figures.

>> Oh, seven figures of operating cash.

>> Correct.

>> Okay. Okay. Wow.

>> Of course, yesterday we went deep into how we think about our layer one operating cash versus layer two or liquidity. We'll come back to that. Okay. Now, what about, um, well, we talked about, I guess investment properties about you have no investment properties.

>> Nope.

>> What about in any of your, um, your stocks? So, that could be a 401k, IRA, mutual fund. It could just be stocks that you hold, you own. Let's throw Bitcoin in here. All of that. So, like, just like your, your liquid, securitized, quantized assets. What would you throw that number at roughly?

>> So, let's see. 400, 350.

>> Roughly a million dollars.

>> Okay. A million dollars. Got it.

>> Yeah. I was originally, I just had my 401k written down, but if I add in my brokerage account and I add in my Bitcoin holdings, it's, it's north, it's just north of a million dollars.

>> Right. Because we took our, our assets yesterday and we broke them down into like four quadrants. And so we sort of want to know, we're lumping these together because they're all assets that we could use as collateral, collateral assets for us. They're not dead weight assets. They're collateral assets.

>> Yep.

>> Okay. And then, uh, what about business equity? You keep figures in your operating account. I'm guessing your business is pretty valuable. Do you have an idea of if you were to sell your business, what you think it would be worth?

>> I don't know how sellable my business is. Um, I've never thought about selling it, but, uh, there's definitely, there's definitely a lot.

>> Do you know your net profit margin is?

>> As a percentage or as a dollar amount?

>> As a percentage.

>> As a percentage, roughly 30%.

>> Okay. And as a dollar?

>> As a dollar amount. I was just looking at the sheet you gave us originally in the beginning of, you know, before the conference started.

>> Well, if you do a million-dollar revenue, that'd be $300,000 of net profit margin. 10 million, it'd be a $3 million.

>> Yeah, it's roughly, it's roughly $3 million.

>> Okay. 3 million. The reason why I asked that is just, uh, typically maybe like a service-based business might be worth like three times net profit. Um, your business may not be sellable for, like my business is sellable because my brand, if my name, no one, no one, no one, no one's going to buy Mark Moss. They can't. Um, so I get it, but what are other options? For example, I can sell ownership equity into it as a percentage. I could say, "Hey, buy 25% equity in my business, be my partner, and you can make revenue with me, right?" So, those are options. You can take it over, but you can still raise equity. So, still important for us to understand that. Does that make sense?

>> It does.

>> Okay. And I do have one partner. I'm a 50% owner of my business.

>> Okay. But remember, our tools are are credit, equity. And so we want to kind of understand what credit we have available to us. We also want to understand what equity we have. So, yeah, I couldn't sell Mark Moss my business, but I could bring on a partner. Uh, they could give me, you know, whatever, a million dollars, take a percentage of it, and they split revenue with, or split profit with me, for example. Right. Sure.

>> Okay. Everybody else got those numbers?

>> They got those numbers. Okay, good. Now, uh, Tony, uh, we're going to come back to this, Tony. Hang tight. Go ahead and just mute your mic. Now, I'm going to break, but we're going to come back to the numbers. Uh, so, so thanks for sharing those with us. We're going to back, but let's jump in. Let me explain. We're going to go first.

Now, you've probably all heard the term velocity of money. The velocity of money is a government term. That's what the economists use. And the velocity of money is how the government measures economic health. So, for example, during the COVID crisis, when they literally shut down all the businesses, the velocity of money collapsed completely. And so what they do, they send out stim checks. Stimmy, what was that? Stimulus. Stimulating what? Stimulating the velocity. So everybody was saving money. Nobody was spending. They need to get people spending. So they send out money. All right? So here's how it works: $1. Let's say that I take a dollar and I go to the coffee shop and I give them a dollar for the coffee. And the coffee shop gives a dollar to their bean supplier. And the bean supplier gives a dollar to the gas station for the gas in the truck. And the gas station gives a dollar to the employee that was working there. And the employee turns around and buys lunch with a dollar. That $1 just created $5 of economic growth. So there was $5 of growth in the economy, but there was only $1 in the economy. You guys tracking that? So the government tracks that because the higher the velocity, the more wealth that gets created in the economy without having to put more money into the economy. You guys following that? That's a key piece. So the higher the velocity, 3, 5, 10, 20, 50, the higher the velocity, the more economic growth is in the economy without having to put more money into the economy. Because the number got so slow in the pandemic, the government had to put more money in. "Hey, if we get more money, maybe people start spending it again." And it's kind of like if someone gives me a lot of money, I'm going to go spend a lot of money. But if nobody gives me any money, I don't spend any. So it's like this compounding effect either way.

So here's this idea: $1 multiple jobs. Here's the idea: Apply this to our wealth. So we can measure our wealth, the health of our wealth, based off of the higher of the velocity of that. How much wealth have we created with $1? Same thing. Could I get $1 doing one job? Two jobs, three jobs, five jobs. And the more jobs I can get with a single dollar doing, the more wealth I can build, just like the economy builds growth in the economy. And we're going to teach you how to do that. First, we started with Tony. We have. Now, let's stop. What happens when we get doing two jobs, three jobs, five jobs, 10 jobs? Okay? You guys understand the velocity of money concept? You guys tracking with me? Yes, this isn't some like fringe idea. This is how, this is how economies are run.

Now, there's, there's, I like to like break down into three mentalities. The poor mentality, not poor people. There's people making a million dollars that have a poor mentality. There's people making $1,000 that have a wealthy mentality. So, it's not, it's not money. The poor mentality, their $1 does one job. It sits in a checking account. They don't have any money. They have no assets. So, whatever money they make, it sits until they're ready to pay for their bills, paycheck. The middle class, they need to get their dollar doing two jobs. So, maybe, um, maybe they put into a 401k and it's earning, you know, 8% and maybe if they set up right, they get a little bit of tax deduction. So they use a little bit of tax deduction and they get a little bit of return. But the wealthy will get their dollar between doing five jobs or seven jobs or 10 jobs. It's going to compound tax-free, no tax. It's going to create liquidity that they can borrow against anytime. It's going to fund lifestyle so they can borrow, live themselves. It's going to protect from creditors, asset protection structures. It's going to pass to their heirs. I do all these jobs. But it's really about how fast we can get it moving through our own wealth ecosystem.

So, again, lazy capital, dormant capital. Let's call it the home equity. So in Tony's case, $500,000. Let's say that I have $250,000 in home equity. It's doing one job. My money earned, I put it into my home and it stays there. Now the home is growing 3 to 5%, you know, depending on the market and depending on the time, but over a long period of time, that's probably what it grows. So my money came in, it goes into the house and it's growing at 3 to 5% doing one job. Over five years, that's the $250,000 of equity becomes about $300,000. So I make about $50 grand on that. That's what that money did. Did one job, maybe 35%.

Now, velocity capital would be different. The velocity capital would be one, my money doing three jobs, four, five years. A home equity could have three jobs. Number one, it could be in the house still appreciating 3 to 5%. The home equity keeps compounding, keeps growing, grow, grow, grow, grow, grow, grow, grow, grow, grow, grow, right? We learn, we want to enter the compounding. Nothing changed there. But I can access some of that home equity liquidity, and earn a positive carry. Anybody know what positive carry is? It's arbitrage. I borrow at 6%, I make 10%, I make 20%, I make 30%. It's what Michael Saylor does. He uses debt to buy a growth asset, arbitrage. So then we have the spread. That way, we're making money. Wait. Then job number three is the asset that we bought. Not only has given us cash flow, so I have a positive carry. That's job number two. I also get the compounding growth on that asset, what I'm calling convexity. I'm going to break all this down into a real one for you, don't into convexity, which gives me asymmetric upside into an asset that could do a 3x return or 5x. Has three jobs. So I still have the home compounding. Now I have a positive carry. So I have a positive yield on earning. And I have an asset that has a 3 or 5x potential upside convex. Over five years, that could make my $250,000 instead of becoming $300, it can make my $250,000 $900,000. That's a $600,000 difference. How, how do we do that? Sounds right? Anybody want to do that? I'm going to show you.

But first, before I show you that, make sure you calculate what your lazy capital is costing you. So we need to know these numbers. We want to make it real. What is your lazy capital costing you? So take your total equity from the worksheet. So if we take Tony's $500,000 in home equity, $100,000 in cash, a million dollars in stocks, and potentially $3 million in, uh, in equity in his business. Now, he's only owner of it, and maybe sell 25% of it. So call it half a million of equity. And I'm not saying you have to do all these things, but we want to know what all our options are. Michael Saylor sells both equity and he takes on us debt, right? So when he sells MicroStrategy stock at the market, ATM, he's selling equity. He's being diluted. He is, he is owning less and less of his business. As we talked about yesterday, would you rather own 100% of a million-dollar business or 50% of a $10 million business? I'm not saying to do this, but we want our options. Okay, take it to equity. So, in Tony's case, 500, 600 plus a million plus three million equity. Let's just call 2 million. Let's just call 2 million total. So, we're only going to take, uh, you know, a couple grand. So, let's call 2 million. Just round numbers.

Now, let's say that we activate 50% of that because, Mark, you may feel better about risk. I understand liquidity, all that, but like, that's too risky. What if we did 50%? So, we take 50% of it and now we get it doing three jobs using the velocity strategies, which I sort of outlined for you. We're going to dig deeper into. Then what we do, Bill Gates says, we overestimate what we do in one year. We underestimate what we do in 10. So, it's not what I can make right now. What could that be if I wait 10 years though or 20 years? Let's say, say a 10% compound annual growth rate. Let's say 500, or let's say a 20% compound annual growth rate. Bitcoin's doing 50, but we probably want to put all about 20. Now, again, why 50%? Well, it's conservative. I'm not asking you to go all in on this. It's realistic. It gives us a way to test the water before we go all in. But yet, we can still see massive, massive results. Okay.

So, let's, let's run through some scenarios here. So, if we start conservative scenario, we're activating 50% of $2 million equity that Tony has. 50% of it. What we're gonna do is we're gonna take that million and we're gonna implement what we call layered wealth path. Layer one. Now, as you can hear yesterday, hopefully, and today, what I'm teaching you is strategies. Feel free to swap in whatever assets you want for wherever you want to put them. You don't like Bitcoin, great. Do with, do with Nvidia stock. You don't like stock, do it with gold. You don't like real, like, whatever. Okay? I'm trying to teach you the strategies. Don't get caught into the weeds of the particular asset. "Oh, what about Scoin?" Like, don't know about Scoin yet. Okay? We're learning strategies here. But, we want to think through the layers. So, what I like for layer one is to use a high cash value life insurance. That's my liquidity layer. It gives me tax advantages. I get compounded annual growth rate and it's highly liquid where I can borrow against like a cash equivalent. For me, I get a lot of other benefits from it. I'm not going to go into all those right.

Now, but I get uh asset protection. I get legacy planning and it's a really powerful wealth building tool as I get into the end of my life or generational wealth. I'm not going to get all that right now.

But then layer two, I might go into real estate. Some of you like real estate, some of you don't. Feel free to submit your own asset, but real estate and real estate with the leverage that we get and the growth that we get, we might get a 8 to 12% return on that. And then let's say layer three, we'll put some Bitcoin exposure. Maybe that's going to be 10 to 20% of the portfolio. I'm building a real, real conservative portfolio here. So let's just call it a blended 10% return.

Now, if it was me, I'm like, "No, no, 75% of Bitcoin is going to be blended 25% return." But I'm going to give you some conservative numbers. Okay? Conservative numbers. So let's just call that 50% of the equity that we found the norm capital, 202 million. 50% of it, 1 million. We're going to split between those three layers and call it a blended 10% return. How stable it is. Just keeps it there. Is doing nothing is making say 5% of everything because Tony said he's got, you know, cash making 4%. So let's call it 5%. Well, the do nothing part in 20 years turns into five and a half million. But the 50% activated part turns into $9.6 million in 20 years. That's a difference of $4 million.

Now, the point that I want to hit here is Tony didn't work an extra hour. He didn't make an extra dollar. He didn't start a side hustle. He didn't do anything. He just conjured up $5 million out of thin air. Now, is $4 million a lot or $5 million a lot? Well, half of baby boomers today have zero. They follow the traditional path. Go to school, get a good grade, save for 40 years in my 401k or mutual fund, don't use debt, pay off all my debt, and in 40 years when I retire, hopefully I'll have enough money to retire. Half of them have no money. Zero. The other half that do have money, guess what the median savings rate is for the actually do have money. Put in the chat what you think it is. The average savings rate of the boomers who actually the 50% that have money, some of you watch my videos. A lot of you guys watch my videos. You know the exact number. $24,000. That ain't going to cut it. Give a couple thousand bucks a month.

So, is $5 million extra a lot? Well, sure. Look, $24,000. And that's being super conservative. That's only activating 50%. That's only getting a blended 10% return. I want a blended 25% return. That's not adding any more money. Where Tony is young. He's still working. He's making a lot more money. He's going to put a lot of money in. What I'm saying is that's $5 million out of thin air without having to work a single bit harder by just activating what he already has. You guys copy that?

Let's go to scenario two. Let's go a little bit more aggressive. So now we're going to activate 50%. Still do the 50%. We're still going to do the lossy math, but now we're going to do a little bit better because that was boring. We're now we're going to use something I call a convexity trade. And I'm going to give you the exact trade here in a minute. I'll break it down for you. You can actually implement this on your own, but it's a strategic leverage to activate our home equity. We're going to use Bitcoin miners for tax as a tax machine. And we can use a full, the full layered system for insurance foundation, the real estate leverage, Bitcoin. And and now I'm going to break this down that way. But now let's assume that we get 20% return on the half. Now in 10 years, the activated goes from 1 million to uh 6 million. So in 20 years, it goes to 40 million. That's a $42 million difference in 20 years. Tony's got 20 years. Some of you don't. Some of you a little bit more aggressive. Tony's got 20 years. At least I think he does. He looks pretty young. Um, so that's a $4 million swing. Without making that single dollar more. Without starting a new business, starting a new household, without making an extra dollar, just by activating half of what he already has right now in his accounts, $40 million. Who would like to make $4 million?

Okay. Now, if he did nothing, if he did nothing, he'll have 5.4 million in 20 years. It's not bad. I mean, $694,000 of the baby boomers have savings, but I like the $42 million better. That's $36.7 million in lazy capital that Tony has right now that he's not using. And again, I'm going to reinforce it one more time. Not working harder, not trying to make more revenue. Michael Taylor. He couldn't for 10 years. He couldn't grow the revenue of my MicroStrategy.

Let's do a five-minute calculation here. It's your turn. Go to the calculator. You can do it in a spreadsheet. Uh, you might be better off with a pen and paper. Uh, this spreadsheet is really cool. It's really helpful. There's instructions, but uh, if you're trying to figure out now, it's probably going to be very difficult. So use the calculator sheets. We're just going to pen and paper and enter your total equity that we did the first exercise when I walked through with Tony. You hopefully you did the math, those numbers like Tony had. Take the total equity from the exercise and take 50% of it. What are you going to play? We're going to be conservative here. 50% we're going to activate. Three scenarios. One, do nothing. So I just say as if number two, I take 50% of it and I get to compound at 10%. Scenario three, I get to compound at 20%. And I want to focus on a 20-year 50% activation number. So 50% of our equity compounding for 20 years.

Now uh, if you guys know how to calculate this, just go to HPT or GRO or whatever Gemini AI use and just type in, take dollar amount 700,000 at 20% compounding for 20 years. Nobody say that. So if you do that real quick, whatever AI use, and if you don't use AI, I mean, what are you even doing here? That's another conversation. Hopefully you have some LLM at your fingertips. Gemini is built into Google. You can just go to Google and type this in. Google has it. Search Google.com. Type that in. Put in your equity. How much is 750,000 divided by two compounding at 20% for 20 years? We'll tell you that 50% of equity compounding for 20 years at 10% and 20%. That's the velocity engine. Drop your 20 20 year 50% activation at 20% Kar number in the chat. 13.6, 26, 46 million, 5.7 million, 68 million, 10 million, 13 million, 45 million, 14 million, 34 million, 12 million, 29 million, 38 million, 29 million, 301 million, 49 million, 9 million, 308 million, 29 million, 8.5 million, 40 million, 23 million, 63 million, 16 million, 39 million. I could go on. I could go on.

Now, your traditional financial advisor, the Rans of the world, they want you to die broke. There's a whole book of "Die with Zero." Like, what are you kidding me? Oh, my income go down when I retire? What you guys can fold here? 15 million. I mean, 44 million, 3 million. That's that 3 million is one of the small numbers I saw on there. On there, 3 million is plenty. 26 million, 39 million. What is Kar? Just type it into Google. It knows. So just say 29 Kar. It knows it's compound annual growth rate. 11 million, 15 million, 5 million, 26 million. This is money that you have right now, but you're trying to work harder. You're trying to make more money. You're trying to figure out what the side hustle is. You're trying to do all these things to do the hardest thing, increase revenue when you can just activate what you already have. 340 million. Good job, Lynn.

Now, this is about putting more money in. Of course, like Tony, he's he's young. He's going to work a lot more so he can dump more money in. I'm certainly not saying don't make more money. I'm certainly not saying that. Of course, if I dump even more money in, it goes up even faster. We need some gas in that motor, right? The supercharger isn't doing any good if the motor runs out of gas. So, we need gas. But this is lazy capital. Lazy, inefficient capital doing one job. If I got just doing two or three jobs, I'm only talking two or three jobs. What if I get doing five jobs? What if I get doing seven jobs? Like, we we're barely even scratching the surface here. We're barely even scratching the surface. That lazy capital could become 10 million, 50 million as you guys all seen in 20 years. Not by anymore, not by working harder, by increasing the velocity.

Okay, now let's look at this chart. If you have 1 million equity right now, what do we do? And you did nothing, you'd have 2.65 million in 20 years. You go from one to two and a half. If you activate 50% at 20%, it's 20 million. It's an $18 million difference. Would you rather 2 million or 20 million? I mean, come on, right? If you have 2 million in equity, you do nothing, that's 5.3 million in 20 years. If you activate half of it, it's 41 million. The difference is 36 million. This isn't theoretical. This is math.

All right. What I want to do is I want to go to the breakout rooms. Bar breakout rooms so you can own this number. All right. I want you to own this number. I want you to take this seriously here. Get ready for the breakout rooms. Okay. So, hang on. I'll tell you when. Okay. Hang on. Shoot. Give me a second here. I'm lost in what I'm doing here. Actually, we're going to hold the breakout room for a minute. We're going to hold the breakout room. I'm going to run you run through one of these trade scenarios real quick. You guys want your trade room? No. Brock says, "No way." Jose trade. Okay. All right. I know you guys love those breakout rooms. They're super powerful.

Okay. Let's look at let's look at the actual trade here. So, let's let's run through uh a couple actual trades. I'm going to show you one that I call a strike convexity trade. Get love this one. So, strike convexity trade. I've got dozens of these, dozens of these are wealthy trades. Uh, I'm only going to give you one. It's complex. Get ready. Write it down. The specific strategy is going to activate equity step by step to take 250 grand in equity to 900k within 5 years. Now, I don't have a home. Okay. We have equity somewhere else. Do you have equity in other assets? If you look back, they get can you go apply for a credit line, a business credit line? Can you apply for credit cards? I told you my friend told you get 100K credit cards like that 0% for 12 months. Like, can you get it? Do you have liquidity available to you somewhere?

Okay. I'm going to show you uh the system of how this velocity framework works. By the end of this, you're going to know exactly how to do this. Like I said, it's complex, which is good. If it was easy, you're going to be doing it right. The complexity is what creates the opportunity for us. It's also why you may not want to do this completely on your own. Could be dangerous. It's not that right. Right? Fire is dangerous. Fire can heat my house. If fire can cook my food, but if I don't control the fire, it burns my whole house down, right? So, we'll talk about that later. But first, let's get into this structure. This is a turbocharger. Okay.

So, here we go. And before I show you the move, let me just preface this. Let me tell you about my friend Michael Saylor. You guys see me doing a lot of content with him lately. Um, I've been with House a couple times. I got hang out with him in DC on stage. I go to New York on stage with him just this last six months. But I told you in 2020, he had MicroStrategy. It was a good company. $3 billion market cap. But the problem that Michael Saylor had was he had $500 million in cash. This was in 2020. This is the government was putting in whatever it was, 12 trillion as stimulus. And he realized with all this money printing, he increased money by 40%, it was going to make his $500 million of cash worth 40% less. He had a problem. It all starts with having a problem. Once we understand the problem, we can build for a solution.

So, okay, you got to go find a solution. What am I going to do to preserve my purchasing power by 500 million? I can't grow my business anymore. I've tried for 10 years. I can't increase my revenue like a lot of you. I can't work anymore. I'm already working. I'm maxed out in how much I can make in my field or my profession. I'm too old to learn a new profession or skill, whatever it is. So a lot of you are maxed out at how much you could make in revenue like Michael Saylor was. Nothing he could do could increase that. You guys experienced that in your own life. He couldn't grow revenue anymore. So he did something that Wall Street thought was absolutely insane. MicroStrategy went from a revenue-based business, a P&L-based business to a treasury strategy business. And he even changed the name of the business for MicroStrategy. Getting rid of the micro. He didn't want the micro because the micro was there because it represented computers like software. So he got rid of the micro. It was no longer a software business. And he just kept the strategy because now it's a treasury strategy business. He leveraged the assets on the balance sheet and he used debt and equity, two tools that we all have available to us. And he engineered a treasury strategy to accumulate 650,000 Bitcoin. The result? $3 billion to $50 billion in 5 years. That's a 13.6 times return. That's a 1260% increase. That's like if you had a million dollars like Tony and it grew into 13.6 million in 5 years. 250, 995 years. Yeah, I don't know if that is rich. It'd be like if you had a million dollars and you grew to 13 and a half million in five years. Anybody want to do that? He did it. He laid out the roadmap. We're going to follow it. And I just want you to hear this last piece before I show you how this works. He didn't grow the revenue. He didn't grow revenue 13 times. He didn't work 13 times harder. He engineered the treasury. How? Remember I told you yesterday, success leaves clues.

Okay, there's four core tools that the wealthy use to accelerate their wealth. Not the poor people. Working work is no assets. They don't use credit. But the wealthy use credit. They use credit to fund asset acquisition. Then they use the assets' equity or the equity then grows through the appreciation. The compounding appreciation of the asset. Then I use leverage to unlock the growth in that equity as collateral. And then I arbitrage or I capture the spread of profits. So it's like a flywheel. Profit equals more credit capacity. And then it repeats. So if I, if I master all, all four of these together, you can see. So I use credit to get stage two equity. My equity grows. My equity becomes collateral for the leverage. Then as that grows, I use that leverage to arbitrage different markets, which gets me more collateral. I have more credit. And it just spins and it spins and it spins, right? Mastering all four together, knowing how the four interact together is what separates velocity capital from lazy capital. Now, each alone is useful on its own, sure, but when you combine them together in the right proper order, it's transformational. Let's jump into one example right now that you can use immediately. Let me give you a quick demo. I call it the strike convexity trade. Now again, don't get caught up in the specifics into the weeds. Learn the strategy because once you learn the strategy, you'll start to see how you can apply it everywhere.

Okay? Okay, so you're sitting on 500,000, $11 million, $2 million in lazy capital. In 20 years, you got a million dollar lazy capital. You just calculated that if you activate just 50% and increase the velocity 20%, you can be 10 million, 30 million, million, 50 million, million, million, million, million, million, million, million, million, million in 20 years. So you felt that gap where I am versus where I could be. You know what's at stake now. Hopefully, hopefully the question you're asking is how to activate that. So this is the first turbocharger. The strike trade, exact strategy Michael used at the corporate level, but I'm scaling to you personally. All right, this is how you turn dormant equity into infinite ROI. Infinite ROI and infinite ROI because you don't have to have any money in. I'm giving you the example right now. So again, I'm using my equity. Let's go back to Tony. Tony's got $500,000 of equity in his home. It's earning 0%. Now, you could say the house is compounding at three to 5%, but that equity is really earning nothing. It's just sitting there. Now, again, Dave Ramsey would tell Tony, "Great job, but try to work harder, Tony, to pay off the house even faster." That's what you should probably do. And that's fine. That's right for 99% of people. Okay? That's right for 99% of people, but but we ain't like 99. Tony. We want we want more for our lives. We believe that we're a little bit better than the average. We're a little bit smart. We're going to work a little bit harder. We have a little bit bigger goals than being average. So, what we want to do is is uh we want to be an adult and adults play different games.

So, here's what we want to do. One, we'll borrow against our home equity. Check this one out. So, I'm going to borrow against my home equity. I can get a home equity line of credit if I have to refinance. Maybe I don't want to refinance now. I can get credit cards. You can borrow against equity. We're using home equity as a line of credit. So I'm going to borrow 250,000. I'm going to take the full 500, pay 250,000 of that equity out and I'm going to pay, call it 8% interest right now. Rates are high. Trump's going to bring them down, but right now it's called 7%, 8%. Now, what I do with 250,000? I'm not going to go on vacation. I'm not going to buy a car to appreciate an asset. I'm going to buy another asset. In this case, I'm going to use Strike STK. It's an equity. You can buy it in a brokerage account. It's a preferred stock. It's a digital credit instrument built on digital capital. It's actually my sales product. Strike. I'm not going to teach you about Strike. You can look it up on your own. But it's a convertible security. So what it means is it's a preferred stock. What it means is it's going to pay me a coupon. It's going to pay me a yield, a dividend. But it has a, it's convertible to the upside. So if my strategy goes up by a lot, I can make a lot of money. So, I have a lot of upside. I'll break, I'll break the math down for you in a second. So, I'm going to buy Strike, the virtual security. It's a first stock. It pays a dividend and it converts to another asset. It's at $100 a share. We could buy uh Oh, shoot. I don't have the math there, but the strike is going to pay a dividend right now. It's paying about a 10% dividend. It it fluctuates a little bit. It's paying about 10% annual dividend right now. So, that means that if I put 250,000, Tony, put $250,000 in the Strike, it's going to make about 25 grand a year. So, he took his home doing nothing, earning zero yield, put it in Strike, and now he's making 25 grand a year, two grand a month, just for doing that. Two grand income. But, he has to pay the debt, right? How do you make the payment on the debt? That's always the first objection. Remember, we talked about yesterday that we just engineer that. That's our problem. We engineer. We had to turn 8% that's cost us 20 grand a year. So, what we do have is a positive carry of arbitrage. I'm earning 25. I'm paying 20. So I have a positive carry of $5,000. That's arbitrage. Now G can talk more about taxes later, but uh, if you want to get into details, I'm paying interest on the debt, which is probably tax deductible. And the interest that I'm earning on Strike is tax deduct or tax deferred. So it's really not a 2% spread. It's really about a 6% spread, but that's another story.

Step six, I have Strike. So I'm earning a positive carry in the position, but it converts into MicroStrategy common stock. Each share converts into one-tenth of a share of MicroStrategy. So each Strike share is worth 0.1 MicroStrategy stocks. So in Tony's example, he bought 2500 shares of Strike and that would convert into 250 shares of MicroStrategy. So MicroStrategy is essentially a Bitcoin proxy, more vault, BitStrategy. So Tony just turned her home, his home equity into one immediate positive cash $5,000 immediate more when you count taxes. Two, exposure to Bitcoin convexity through MicroStrategy. Three, tax-deductible interest. Let's run the numbers. So if Tony started with 50,000 borrowed capital over five years, he would earn about $10,000 a year in positive carry or $50,000 just for just for waiting. But you have the convexity, you have the upside. So you have the $50,000 for waiting. But I believe Bitcoin is going to hit a million dollars. Uh, a lot of analysts think it happens somewhere between 27, 232. I think it's more in the 23, 23 range. It's only use a million. If you think it's 500,000, adjust the numbers on your own. If you think it's a million, I'm going to say it's a million dollars. So when Bitcoin hits a million dollars, MicroStrategy stock will trade at least a 1.25, probably 1.5 times multiple of that. I think it'll be a three times multiple, but right now I'll call it 1.5. At a 1.25, 22 times multiple, MicroStrategy stock will be worth $3,141 per share. So my Strike that I'm owning, earning 50 grand a year on or 50 grand owning, when MicroStrategy stock goes up, I can convert it into stock when it's a million a share. So I have 3,000 shares converted into 300 MicroStrategy shares at $3,000 a piece. $300 each is $950,000 in five or six years. But Mark, what about the debt? I still got the debt. Okay. So I take the 950, I pay off $250,000 back into my home and my gross profit is $698,000. $700,000. That's my profit. $700,000. $700,000. How much I can put out in my pocket? How much I can put in my pocket? Oh, zero. Zero. I can go with zero. What's my What's my ROI on that? What's my ROI if I make 700,000 on zero? Oh, infinite. That's infinite. I like infinite. I like infinite returns. Returns, Kieran. She's not so sure. Let's see that K. Sure. It's okay. You pay tax on the stock sale. Maybe we're going to talk about not paying taxes later. That's a whole that's that's a whole another supercharger. We're going to lay that on in a minute.

So, here we did just one example where we were able to take some lazy capital that's earning zero return and turn it into 700 grand within 5 years. This is one. And then we layer it and then we layer it and then we layer it. But Mark, isn't risky? Yes. Which is why yesterday we have to build our risk and leverage policy and we build our liquidity stack. If we build our liquidity layer, that's why we started yesterday, we build the treasury west. If we build our liquidity layer first and our risk and leverage policies first, then we minimize, mitigate the risk. There's always risk. You never get rid of it. We can minimize and mitigate it.

Okay. So here's what we learned. There's five core arbitrage engines that we used to do this. One, we used interest arbitrage. We were earning 10% but paying 8%. It's interest arbitrage. It's a net positive. You're going to make money. Why? Wait. It's like if I bargain against my, let's say my whole life cash value policy is compounding at 5% and I can borrow at 5%. >> Isn't that a wash? No. Because the the cash value policy is compounding tax over long term versus my debt is being paid down. This is interest arbitrage. Number two, tax arbitrage. So I have 8% interest that I'm paying on my home equity line is probably tax deductible, which means my real cost is probably only 5% if I have a 30% tax rate. Number three, I have inflation arbitrage because that 8% debt that I took on my HELOC, inflation is shrinking the cost of that every year, which means in year five, I'm paying it back with way cheaper dollars. Number four, I have asset convexity. The Strike will convert into the MicroStrategy, which is which is more volatile proxy for Bitcoin, which is historically 350 a year. Number five, I have no liquidation risk. I have no liquidation because I'm borrowing against my own house. My house is not going to margin call me. There is no forced liquidation on that. This is engineered wealth. This is how treasurers think. This is just one move. Imagine dozens like this. This is just one. I don't have time to get multi. Well, I'll give them multi later, but um, okay.

So now we'll do a breakout room. Now do a breakout room. Let me see what they have here first. Bitcoin is not Strike. I didn't say coin Strike. Of course, it's not your height. It's not more volatility that properly used making more money. Yes, volatility is a good thing. Volatility is not a bad thing. Getting liquidated from volatility is a bad thing. Which is why we built our trade yesterday. We need to build our liquidity layers. Maybe a risk leverage policy. High class problems, no problems. Rob. Uh, Rob, high class problems, no problems. High class problem. I learned that if money can solve the problem, you don't have a problem. Maybe another way to say that. Uh, using credit cards. Do this. Sure, why not use credit card? It's credit. Forget the credit card and go, I need to access credit and equity. What are my choices to get credit and equity? Okay. So, we got the weeds there. Uh, house has no margin call eye opener. Yeah. So, we talked about yesterday and we have time to get all this. This is why being having a guide and a coach is helpful. But like we also need to think about our debt and the term of those debts, right? We need to understand adjustable rate debt, three-year debt, five-year debt, 30 debt. We think about time and duration as well. Time is money. M is time in a bunch of different ways. That is true and one of it is in the cost of borrowing and the time duration of that. Um, we use the equity as long as our layer 1 protects everything, I guess. Well, of course, Jean, I mean, do you want a life jacket in a gym pool? Do you want a life jacket and a float? Do you want a life jacket, float, and a life card next year? Like, how safe do you want to be? And that's just a personal question for yourself. How do you pay the monthly installments? Uh, I told you we took the money from the equity payment, do equity. We put it in Strike. Strike pays us for holding it. So, I take some of the money and I pay it the I make the spread, the arbitrage. Uh, what's the difference between Strike and Stretch? I'm not going to go and explain all this product for you, but I'll just say Strike has an upside conversion. Stretch doesn't. So, I can make money. I can make capital appreciation on Strike. Stretch is designed to stay stable and flat. Matt Reed, yes, you're right on that. Heidi Palmer, would you want to diversify different stocks doing this? Sure, Heidi. Remember, as I said, I'm teaching you a strategy. Don't get caught in the weeds of individual assets. Now, obviously, you want to personalize this. So, you do want to ask that that's the right question to ask, but that's more like when we're in the implementation phase when you're like trying, okay, now here's what I want to do. How do I make it work? But right now, I'm just trying to teach you a strategy.

Okay. Oh, where'd I go back? So, now let's go to the breakout rooms. Barbara, what we want to do, we're going to breakout rooms. Uh, we'll do 10 minutes. And here's what I want from you. Just like yesterday, please, please, please, everybody participate as best as we can. Uh, we're going to do a couple things real quick. We're going to everybody go around and say your total equity out loud. Don't hide from it. Own it. Feel it. I have 800,000 in total equity. I have 1.6 million in total equity. Because when you say the number, you make it real. And if you're afraid to say your exact number, say something close to it. But we want to make it real. Number two, share what your 20-year aggressive scenario number was. Remember, we did the math. If I activate 15% at a 20% compound growth rate, I could have what, 22 million in 20 years? 31 million players. You guys dropped in the chat here, but I just want you to go to your small groups and say that. Number three, tell the group what the cost of staying lazy is going to cost you. You know that not making a decision is a decision. You know that, right? You either decide to move or you decide to stay. There's a decision that's made either way. So, if you decide not to do this, if you stay lazy, and I don't want to call you lazy, but let's say you keep money lazy. You're lazy to make your money go work harder. Uh, what does that cost? I'm leaving 18 million on the table if I don't increase my velocity. Uh, that's generational wealth that I'm deciding not to walk away from. Tell the group what your cost is. So, what does it cost with goal setting? People always have to go. One of the most important things to achieve a goal is to write down all the things that you'll stop doing. So, if you don't want to get your money to be more velocity, have more velocity than you're choosing to leave money on the table. So, say tell a group about what that's going to cost you. Now, be honest. Six face. Again, these are your peers. They're all in the same opportunity. And again, no critiquing, no discussing. This is just stating it out. Okay, everyone go around, say those three things about. Go ahead and do that 10 minutes. Your mind has to be stronger than your feelings. Think about every poor decision you've made in your life. There was more emotion that was involved in it than there was mine. Every single one of them. Your feelings keep you in bed. Your mind tells you get up. >> Do you feel like getting up? No. Do you feel like making that cold call? No, you don't. Do you feel like doing that third set of reps? No, you don't. >> If you control your own brain and your brain controls you. You got to tell your brain where you want to go, how you want to go, how you want to get there. >> It's easy to be on the market. IT DOESN'T TAKE ANY EFFORT TO BE a loser. DOESN'T TAKE ANY MOTIVATION TO DRIVE IN ORDER TO STAY DOWN THERE AT A LOW LEVEL. BUT IT CALLS ON EVERYTHING IN YOU. LADIES AND GENTLEMEN, YOU HAVE TO HARNESS YOUR WILL TO SAY, "I'M GOING TO CHALLENGE MYSELF. SOMETIMES I HAVE TO PULL MYSELF OUT OF BED TO CAUSE LESS. THINGS I KNOW I SHOULD DO, I DON'T DO. THINGS I SHOULDN'T DO, I DO." I FOUND THAT THE BIGGEST ENEMY YOU HAVE TO DEAL WITH IS YOURSELF. IF YOU DO WHAT IS EASY, YOUR LIFE WILL BE HARD. BUT IF YOU DO WHAT IS HARD, YOUR LIFE WILL BE EASY. TOO MUCH IS GETTING MUCH REQUIRED. DON'T WORRY ABOUT IT BECAUSE IF YOU DO WHAT'S REQUIRED, YOU WON'T GET THE REWARD that comes with it. >> TIRED DON'T MEAN NOTHING. TIRED IS ONLY IN THE MIND. TELL YOURSELF I'M TIRED. DON'T BE TIRED. I DON'T GET TIRED. >> TAKE CONTROL OF YOURSELF. TAKE CONTROL OF YOUR EMOTIONS AND FIGURE OUT HOW TO MOVE FORWARD. I DON'T CARE HOW SMALL IT IS. I DON'T CARE HOW MINUSCULE THE MOVEMENT IS, BUT MAKE MOVEMENT. MOVE FORWARD AND DO THAT EVERY SINGLE DAY. NO MATTER WHAT, >> YOU GOT TO FOCUS ON THE RESULT. YOU GOT TO FOCUS ON WHAT IT IS YOU ARE GAINING, NOT WHAT YOU ARE GIVING UP. >> YOU'RE TALKING ABOUT WILL NOW. YOU'RE NOT TALKING ABOUT HOW STRONG YOU ARE. YOU'RE NOT TALKING ABOUT HOW TALL YOU ARE, HOW BIG YOU ARE. YOU'RE TALKING ABOUT WILL. IT IS A MENTALITY. IT HAS EVERYTHING TO DO WITH WHAT TIME YOU WAKE UP. IT HAS EVERYTHING TO DO WITH HOW YOU EAT. IT HAS EVERYTHING TO DO WITH HOW YOU WORK OUT, HOW YOU PREPARE. IT HAS EVERY SINGLE THING TO DO WITH HOW YOU THINK. AND WHEN YOU WIN, AS BAD AS YOU WANT TO BREATHE, HE SAYS, "I'M WILLING TO MAKE ANY SACRIFICE. I'M WILLING TO GO THROUGH ANY PAIN. I'M WILLING TO GO THROUGH ANY SUFFERING. I'M WILLING TO GO THROUGH WHATEVER IT TAKES." SO, I GET IT THERE. BUT I GUARANTEE YOU AT THE END OF IT, I WILL BE THE ONE THAT SURRENDERED. WHENEVER I FACE ANYTHING THAT SOUNDS WHENEVER ANYTHING SUX. I LIKE IT. IT'S GOING TO MAKE ME TOUGHER. IT'S GOING TO GIVE ME A STORY TO TELL. IT'S GOING TO COST MY MIND. YOU KNOW WHAT MILITARY TRAINING IS? YOU KNOW MILITARY GROUPS. THEY NEED TO DO STUFF THAT SUX. THAT'S WHAT THEY DO. LET'S BOOT CAMP. IT'S A SUX FEST. WHEN SOMETHING SUX, GOOD. IT'S GOING TO MAKE ME TOUGHER AND IT'S GOING TO MAKE US STRONGER. SO BRING IT. I GOT A SCHOLARSHIP. THIS THIS ACTUALLY MY LIFE GOING TO THAT JELLY AND JULIET OR WHATEVER. JUILLIARD IS ONE OF THE BEST THROUGH ALL THE BUMPS IN THE ROAD AND STONY WEATHER THE HEART OF A CHAMPION WE CAN NEVER MEASURE. I DON'T THINK GREATNESS IS SOMETHING YOU'RE BORN WITH SOME MYSTERIOUS POWER UPON US BY GOD. IT'S SOMETHING THAT TRULY EXISTS IN EVERYONE. I LOOK AT IT AS A SUPERPOWER WE ALL HAVE BURIED DEEP INSIDE US. THIS TINY DIAMOND SURROUNDED BY LAYERS AND LAYERS OF ROCK. THE HARDEST ROCK IN THE UNIVERSE. AND EVERY TIME YOU DO SOMETHING GOOD, A PIECE OF THAT ROCK BREAKS AWAY. EVERY TIME YOU'RE NICE TO SOMEONE, HOLD THE DOOR OPEN FOR SOMEONE, A PIECE BREAKS AWAY. THEY DON'T UNDERSTAND YOU WANTED SUCCESS. YOU WANTED IT SO BAD. YOU FELL MADLY IN LOVE WITH THE PROCESS AND THEREFORE YOU GLADLY PUSH PAST THE LIMITS OF AVERAGE. IF THAT WAS WHAT OPPORTUNITY LOOKS LIKE, YOU GRABBED IT. BUT SO MANY OF YOU OUT THERE HAVE THE HEART OF A LION. BUT YOU KEEP LYING TO YOURSELF. YOU KEEP DENYING YOURSELF. YOU KEEP DEPRIVING YOURSELF. YOU KEEP HIDING YOURSELF FROM THE KIDS THAT YOU HAVE TO SHARE WITH THE WORLD. >> FROM THIS DAY FORWARD TO ACHIEVE GREAT, NO TO SET YOUR OWN INNER FREE. >> MOST OF THE TIME WE DON'T KNOW HOW TO LEAD OURSELVES. SO HOW THE WORLD GOING TO LEAD OUR FAMILIES, BUSINESSES, PEERS, COLLEAGUES, AND TEAMS. >> I WANT TO HARD WORK, PAIN, SWEAT, SETBACKS, AND MISERY PROVIDES THE BACKDROP TO SET YOU UP TO MAKE HISTORY. RECORD THAT IN LIFE YOU CAN NEVER BE BROKEN ON YOUR JOURNEY TO OVERCOME THE DAYS THAT YOU DID SO BUT TODAY YOU WILL NOT BE TALKING TO >> YOU ARE THE EXAMPLE NOW YOU ARE THE MAN TO RESHAPE THE CULTURE OF YOUR WORLD >> SO THIS MIGHT THINK YOU'RE ABOUT TO GIVE UP YOU REMEMBER ALL THE REST OF THE GYM THE THINGS WORTH ALL OF THEM AND THAT'S WHAT GIVES YOU THE STRENGTH POWER AND RISE ABOVE THE RIM >> YOU'RE THE MIGHTY MAN OF VALOR THAT WANT TO CHANGE THE NEXT GENERATION THEY MIGHT HAVE MORE TALENT BUT THEY FOLD UNDER PRESSURE BECAUSE THEY ONLY OFFER THE PLEASURE THE GOLD AND THE TREASURE AND THUS THEY CRUMBLE THE BETTER OR EVEN LESSER COMPETITION SO THE DAY ALL OF THE EXCUSES STOP THIS IS WHERE YOUR HEART OF A CHAMPION STARTS IS THERE SOMETHING YOU WANT? YOU CAN TALK TO ME, SON. YEAH. NO, IT'S NOT YOU. IT'S NOT YOU. >> WHY NOT? >> REALLY? LAST YEAR. WE'VE BEEN WORKING HARD FOR THIS. WHY DOES IT MATTER WHERE I GO? I GOT A SCHOLARSHIP THAT THIS THIS IS WHAT I ACTUALLY WANT TO DO WITH MY LIFE. GOING TO THAT JELLY JULIET IS ONE OF THE BEST. THAT AIN'T YOUR FAULT. YOU DIDN'T HAVE A POSITIVE ROLE MODEL, SOMEBODY TO LEAD, JUST A PRESENCE. YOU DIDN'T HAVE THAT. MAYBE YOU HAD A BAD ROLE MODEL. THAT AIN'T YOUR FAULT EITHER. BLAME GAME IS OVER. IT'S TIME FOR YOU TO TAKE FULL ACCOUNTABILITY. INVEST IN YOUR ENTERPRISE, MEANING YOUR BODY, YOUR TEMPLE. SO GET UP AND GET YOUR BLOOD FLOWING, SMILING AND SWEATING. INVESTING IN YOUR HEALTH WILL NEVER LEAVE YOU REGRETTING. AND YOU WILL BE SO FULL OF ENERGY. YOU WILL DOMINATE YOUR DAY FROM START TO FINISH. THE OPPORTUNITIES ARE ENDLESS WHEN YOU TURN YOUR RISE AND SHINE INTO RISE AND GRIND. BECAUSE WHEN YOU FIND MORE TIME, YOU CAN TURN THOSE PENNIES INTO NICKELS AND THOSE NICKELS INTO DIMES. >> YOU SEE, WE ALL HAVE IT INSIDE US. EVERYONE, UNLESS WE LEARN THE RIGHT WAY TO GET IT BY GOING THROUGH ALL OF THE BLOOD, ALL OF THE SWEAT, ALL OF THE HARD WORK, WE SIMPLY AIN'T WORTHY OF IT. SO GET TO WORK. >> IT'S TIME TO MAN UP. MIGHTY MAN OF VALOR, I GIVE YOU PERMISSION TO WALK WITH YOUR HEAD HELD HIGH. STICK YOUR CHEST OUT FOR THAT. WALK WITH CONFIDENCE. LEAD WITH PURPOSE AND CONVICTION. WHAT'S YOUR HEART LIKE? WHAT'S YOUR WILL LIKE? WHAT'S YOUR DISCIPLINE LIKE? WHAT'S YOUR PASSION? EXCUSES ARE FOR THOSE WITH NO AMBITION. EXCUSES FOR THOSE THAT LIVE LIFE HOPING AND WISHING. EXCUSES FOR THOSE WITH HARD HEADS THAT NEVER EVER LISTEN. THEY WANT YOU TO BE WHO YOU CAN BE. I BELIEVE IN YOU CUZ I KNOW IT'S THERE. NO MATTER WHAT ANYONE ELSE HAS SAID OR HOW ANYONE ELSE MAKE YOU FEEL BEFORE, IT'S THERE. SO, YOU HATE IT HARDER THAN OTHER PEOPLE. BUT YOU'RE GOING TO HAVE TO WORK A LITTLE HARDER. BUT TRUST ME WHEN I SAY YOU HAVE GREATNESS INSIDE YOU. WHAT YOU DO WITH IT IS DOWN TO YOU. YOU RISE UP AND BEGIN YOUR WATCH THE HALLS OF CRANK. YOU TELL THE WORLD PLEASE PART YOUR LATE BUT THE NEW YOU HAS FINALLY ARRIVED YOU GET A STAY NOT JUST A TEMPORARY REPLACEMENT YOU'RE AN OVERNIGHT SUCCESS YOU DID IT BRICK BY BRICK AND YOU STARTED BELOW THE BASEMENT THE PATH OF MOST RESISTANCE YOU ALWAYS FACE IT AND ANY FAILURE YOUR PATH YOU LEARN GREW APPLIES UNTIL YOU QUICKLY ERASE IT FROM THE MENTAL BECAUSE YOU KNEW LONG-TERM SUCCESS REQUIRES SHORT-TERM MEMORY THUS YOU ONLY REMEMBER THE NEXT PLACE A DECISION THAT'S CRIPPLED BUT YOU AND YOUR TEAM TO ACHIEVE THE ULTIMATE OUTCOME OF VICTORY CHAMPION YOU ARE UNSTOPPABLE YOU ARE STRONG YOU ARE BUILT TO LEAD WITH A SPIRIT OF EXCELLENCE YOUR GREATNESS MUSCLE MUST BE EXERCISED DAILY AND IT ALL STARTS WITH YOUR MORNING ROUTINE MENTALLY EMOTIONALLY PHYSICALLY SPIRITUALLY MEANING YOUR MIND, YOUR HEART, YOUR BODY, AND YOUR SPIRIT MUST BE UPLIFTED TO GIVE YOU THE FUEL NEEDED TO TRULY IGNITE YOU TO BECOME THE HIGHLY FAVORED AND GIFTED INDIVIDUAL YOU ARE CAPABLE OF BEING.

All right, we are live. We're back from the break room. Have we gotten better at that or what? That was really hard yesterday. I apologize for those bugs, but I talk about the bugs because like anything in life, they're a little bit weird and clunky at first and like you plan for them and you try to understand them and we did tests in here and we we tried to simulate things, but when we finally did it, we found we had some problems and we had to make some adjustments and look how smooth we are with it now. And that's that's an analogy for life. And so a lot of this seems sort of weird and so you're going to learn it and you're going to walk through it and do some paper scenarios. Then you got to finally put your toe in the water. Do it. Um, and then it starts getting easier and easier.

All right, let's keep it going here. I I want to stay on track on time today. So, let's talk about what we discovered in these breakout rooms. I'd like to hear from two or three people. Um, two or three people that would like to volunteer to tell us what their total equity was and what their 20-year number was. All right. Anybody want to come up and volunteer that number? What your total equity was and what your 20-year number was? Anybody want to raise their hand? How about Bethany? Sure. If you're on your camera, you're not getting chosen. >> You're live. >> All right. I was trying to unmute myself and I was You guys were on it. So, um, so when I looked at um with everything you gave me, we looked at our whole equity that's not doing anything for me at 1.7 million. Um, so if I take 50% of that, I'm around 850,000. Um, if I did my math right, which is questionable, it looks like conservatively with the 10% blend that you gave us after 20 years, I'd be looking at 6.9 million. Um, but if we went with the more aggressive stance, um, then I could be looking at upwards of like 32 and a half million after 20 years, which was mind-blowing to me when I said that out loud in our retirement, even to say numbers that big. I love it. I love it. I'm just going to add this on. Thanks so much for sharing that. I want to add on like barely scratching the surface because a lot of you guys have probably seen like my how to retire off asset strategy, retirement strategy. So what happens is that's in 20 years, but let's say that she, you know, we talked about yesterday like we have to think about income disruption and so like now talking about layers two, three, four, but now she has the 850 grand that's gonna go to what she say 20 million, but you don't have to wait all the way to 20 years. Let's say in five years when it's worth two or three million, she could borrow 200 grand against that to live on that could replace her income and as long as her assets are compounding faster than the rate of debt, you can basically keep going forever. So it's not like, oh, now I got to think for 20 years, but I don't have 20 years. I want to retire in five years. You can do that in five years. We haven't got that. There's layers to this, but I just want to throw that out there. Thanks so much for sharing. Can I go grab somebody? Greg, we got you coming up. >> Hello. How are you? >> I'm great. Thanks for sharing today. What do you got? >> All right. So, my number is a little bit lower, but $226,000 equities in the three areas of high equity, cash and savings, IRF. So, 130,000, 130,000 I can use and 50% ters 338 over 10 years. 50% taker, it's um over 204. So, the difference of call 470,000 approximately. >> Still, still pretty big. I like the 389 better, but still pretty big number for smaller, smaller. >> Yeah. You know, it's it's all percentages and growth. You start bigger, you end up bigger, you start small, you end up smaller. But to your point, it's it's it's still it's still big. And in your traditional path of trying to work harder and save harder and put money in your 401k, you're going to end up at 240,000 median. So end up with 24,000 versus 84,000. That's a big difference. >> Absolutely. So um, so you don't get scared. Like other thing is that's assuming that you didn't put any more money in. >> Yeah. >> Put more money in. Now, if we continue with math and we assume we put an extra 50 grand or 100 grand in per year, then that grows faster. And I mean like I said, there's so many, there's dozens of strategies that will layer in. So one of them, if if poor people earn to pay for their life, wealthy people earn to buy assets, assay their life. Then I take my income in whatever it is, 100 grand a year, 500 grand a year. What if, what if instead of taking 500 grand a year, say person A and person B, we did, if both people made 500 grand, they both spent 450 grand, but person A saved 50 grand a year. Person B put the whole 500 into the assets and then used the assets to give them the 450 grand. Wait. So we haven't got those levels. So Greg, you've seen the gain, the gap, but I mean, there's still a way to 10x that even. But anyway, Greg, thanks.

for sharing. Uh T, let's do one more.

>> Grant, we got you coming up.

>> Yeah. Hi Mark, can you hear me?

>> I hear you.

>> All right. Yeah, fantastic exercise. So uh total equity of had a little bit of time to do it. 3.1 million. So taking half of that and going ahead and being aggressive 20% 20 years, the mind-blowing number of 15 just shy of 60 million.

>> Nice. Incredible.

>> I love it. I love it. I love it. Good job. Mind-blowing. mindblowing to see where we can be.

>> Mindblowing. Yeah, thanks Grant. You know my my philosophy you heard me talk about my philosophy is build or build. We either build the life that we want or we just end up in a life by default. And most of the people in the in the world just go through life on pre-program track.

>> But we now that we can see we have a target. We can just go build that. We can just do that. And so again, we haven't even talked about like but that's 20 years. When year five it's our hard to augment my income to replace my income and like it doesn't 20 years. Doesn't have to take 20 years to reap the fruit of that. It's like uh this is a weirdity because I don't know about it but like when you plant like a fruit tree a lot of times it takes 5 years or seven years for those trees to really get mature and produce good fruit. But it doesn't mean you get fruit for 10 years. It means in 10 years it's give them the best fruit you can get. You can still get fruit in a year or two or whatever. Right? So, I know that's probably the best analogy. I'm not arburist or whatever, but you get the idea, right? We don't have to wait 20 years to get the fruit of that. Um, but that's where we'll be in 20 years. Okay. Thanks for sharing, Greg.

>> Um, so I love it. I love it. I love to hear those. Thanks for sharing. Um, totally agree with fruit analogy. I know it's a terrible analogy, but I've been I've been reading a lot in the Bible talking about, you know, your faith and your faith is only known through the fruit you produce. You have to be producing something. So, it's like we sew and we reap. And so, we're sewing this. We don't have to wait 20 years. We'll get that we'll reap. We can get the fruit back sooner, right? Okay.

>> So, now hopefully what you're all asking is, how do I increase my velocity? How do I get my capital to do the three jobs or the five jobs instead of just one? Uhoh. Sorry, dropped my clicker. How do I get my wealth to increase velocity? How do I get this one job, two jobs, three jobs? How do I get there? Now I see the end result as as we heard, you know, 20 million in 20 years or whatever it is. But how do I actually get there? That's a different story. So let's run through some of that real quickly here. I'm going to go quickly because I want to stay on time here.

>> All right. So let's bring this back. My hypothetical Sarah. Uh we had $2 million in capital. We take $250,000 of home equity. Maybe we have $120,000 in cash, $500,000 in rental property equity. We have, you know, 38,000 in 401k. We got 800,000 in business. What do we have? And we add that up. Now I showed you how to take 250,000 of home equity using something like a strike and vexy trade. One of dozens of trades. We have like that. and how that 250,000 could become 900,000 in 5 years with $0 out of pocket, right? That's that's turbocharger number one. That's the strike convex. That's adding 250 horsepower motor. We've gone from 150 now. Now we're up to whatever 400. But we're not done. What about the other 1.8 million that hypothetical still has? We only use 250 of the of the 2 million. So let me show you turbocharger number two. Turbocharger number two is what I call the velocity framework. So now how do we get the multiple layers working? How do we get the dollar doing 17 jobs? That's what we talk about. So you saw the spectacity trade. Um that's one move. That's the first layer. What separates the wealthy from everyone else is really they're not just optimizing one move, right? they start stacking it and each layer becomes or each layer multiplies the one before it. So let me show you how this full system works. I call the wealth velocity framework. So layer one is this foundational layer. So uh if you know the common theme I think in layers and pillars like liquid layer talked about yesterday but layer one is like a life insurance layer, right? So I get the compound annual growth rate, I get the tax treatment, I get the asset protection, I get the legacy plan. So I get all these benefits in one but most importantly it's my liquidity layer because it's very liquid, right? So liquidity stack stack we mapped out yesterday. It's a good asset. Now I know a lot of people probably rolling their eyes and oh Mark insurance is boring. Insurance is a scam. Hear me out. It's not about the death benefit. This is about making your dollar multiple jobs.

>> Here's how this could work. Let's say $100,000 in life insurance at a $500,000, sorry, at 5% compound annual growth rate and it's growing taxree in my account over 20 years. That's $50,000. Okay, whatever. That's not that big of a number. But here's the magic. I don't have to leave the money there. So, what I could do is I could borrow the $100,000 out against my life insurance unless I borrowed at 5%. And as I kind of said earlier, it's not a wash because you're earning 5%, but you're paying 5%. No, I'm only paying 5% interest on the declining balance as I came back. So, now my $100,000 is doing two jobs. It's in the life insurance policy making 5% and I've got it back out to go to job number two. So, it's compounding tax rate in a policy. And let's say job number two, I'm going to put it into real estate. All right, so layer two will be my real estate. And again, you don't like real estate, put in another layer here. The reason why I like real estate in layer two is for the tax depreciation benefits. I also like Bitcoin miners for tax. There's always tax appreciation. Garrett's going to talk about that more when we come back, but in the next section, let's say, so I have $100,000 insurance comp. I now pull it back out and now I put it $100,000 down into real estate and I say I can get $500,000 property 20% down. So now with $100, I'm put $500,000 property and let's say over 20 years, we use like a 3% appreciation real estate really low. So over over 20 years, that real estate property is worth $900,000. So, I've gained $400,000 in equity. Plus, the $500,000 building got me depreciation. It gives me a depreciation I can write off against my income. So, let's say at a 35% tax bracket, that's $175,000 in taxes that I now save. I don't have to pay. That was money that I earned that I was going to have to get to the government, but now I get to keep. So, now that money that I just found out of thin air, I go to the government, I keep. What do I do with it? Well, I'll take that money, the 175, and I'll put it into layer three. Where do I want what do I want to put layer three? Well, before we talk about that, okay, so layer three. Layer three, I like Bitcoin, of course. So, the 175 in tax savings for real estate, I buy Bitcoin. Now, Bitcoin has been compounding at a 50% compound growth rate. Let's call it let's cut it in half. Let's call it 25. So, the 175 growing to 25% per year for 20 years becomes 15 million. And then as we liquidity layers and our our collateral assets, I don't have to sell the Bitcoin. Now, I can borrow against the Bitcoin. So, that means I could say take a 50% LTV. Remember, our risk leverage policy, I can pull out 7.5 million of liquidity. Remember cash liquidity the same. So, I can increase my liquidity 7.5 million even after paying 10% interest on loan, which is about a million and a half over time. I still have 6 million of liquidity. What do I do with six million liquidity? I don't know. I can put it back in more real estate and I put more real estation. with more taxation I pay le taxes which I keep less money that's only three layers the same hundred,000 instead of just putting it into a house and let it sit there or put into life insurance let sit there I've now used that same 100,000 three different places and I've built up you know $17 million of equity I've increased my liquidity by about $8 million just by using the same 100,000 three times and again I can now I have 7 and a half million of liquidity I can put that into layer four and then I can take that money lay four put into layer five and I can just keep going and going and going and going I can keep stacking and stacking and stacking and stacking and stacking let's count the jobs one combing life insurance I made 50 grand $47 $,000 just just for the simple move of putting it in there and taking it back out. Just extra 50 grand. Then when I took it back out, I put it in in real estate and I get the equity appreciation in the real estate about 400 grand. That doesn't include the tenants paying down my building. Doesn't include inflation destroyed debt. That doesn't include all that. I'm not going to get into that. We don't have time for that. Then I got the tax appreciation and I write off against my income. I take that that money I save on taxes and I deploy that into Bitcoin 5,000. That goes into 15 million. Like I said, plus I'm getting cash flow from 10. I get the Bitcoin exponential growth. That's job number five, which gives me $7 half million of liquidity liquidity cash on the same. Now I have $700,000 in six jobs. total wealth created 14 million from 100 grand in 20 years without increasing your income, without working harder, just by making every dollar do multiple jobs.

>> All right. So that's that that's that's only a scratching the surface, but you see the system, you see the strategy, you see how to structure this, right? Four layers, 17 jobs per dollar, 40 million in 20 years if you execute it. Let me ask you a question. Most people don't know any of these things, right? Like which life insurance product do I buy? How do you set up an LLC for the rental property? How do I actually do the strike convexity trade without margins? Because it sounds pretty complex, right? like how do I actually convert the strike into the MSTR in tax efficient manner so I don't pay the tax when I do that and how do I actually layer my Bitcoin collateral baring so I don't get liquidated and how do I structure the business entity so I can make sure I get the tax appreciation from here and I can count over here and that's why they never build the system it's these little things that they they get it from a high level and it makes sense and it seems simple but it's not easy because all of a sudden you get the weeds the details you're like oh shoot so you try to read a book you watch a YouTube video I talk about all this stuff on my YouTube video this is not the first time you mostly you heard this and then you try to DIY it right do it yourself and then you get stuck at layer one you get stuck at lay two maybe you make a wrong move lose some money and you never try again when I was a kid my parents uh when I was real young probably just in elementary school my parents bought a rental property And that was a fixer. They bought a piece of real estate and they bought to fix it up and they worked on I remember them going work on the rental property, get it back and they sold it and they lost money on it and they never did another real estate property ever again. They never did it again. They lost money the first time, never tried it again. When I was 18, I bought a property from the bank and I fixed it up and sold it and I made money and I flipped over a hundred properties within the first couple years and I lost money on some too. But the difference was when my parents tried it on their own, they lost money the first time, they never tried it again. I had a little bit of help and mentorship and I was able to crush it. And so the difference is the diying and you lose a little bit of money and you hand him over the details, you get stuck.

>> So let me show you what I mean, right? on a DIY path. Like I said, YouTube podcast, you spend, I don't know, six months researching, you pick the wrong product, you lock up $120,000 of your capital, but you get terrible terms on that. You buy a rental property, you structure LLC wrong, and then you miss the cost aggregation study that you didn't know you're supposed to do. Then you leave $200,000 in tax savings on the table. So, you try to execute the strike and vexity trade, and then you get a margin call, and then you panic. So, you liquidate your position, and you lose the 10ear outcome, you know, maybe 2 million to 5 million, it's not bad. Maybe you lose money, but it's nowhere near your potential either way. Now, on the right side might be like the wealth operating system, like you have an expert guide in you with the exact exact life insurance product, the pre-negotiated bests industry, right? the exact LLC structure for the rental properties, the cost aggregation studies, you know, the exact strike invest execution playbook step by step with risk controls already baked in, exit strategies already baked in, guiding you through all four layers with no guesswork. Now maybe my tenure outcome is 10 million to 4 million the cost of going alone 5 to $35 million in lost wealth. So in the wealth system we have three pillars playbooks. This is exactly what we print the strike of X execution playbook framework road maps tax optimization templates entity structuring guides proven systems coaching weekly group once you try to personalize this that's where the problems come in it makes sense to a high level but how do I actually apply it to my own personal situation uh and that's where the questions start coming in where support is needed and tools so we talked about like writing on paper the calculators but how do I calculate this where are my checklists my door capital how do I maximize make sure my arbitrage is positive carry not a negative carry I make sure I'm capturing my tax incentives properly that's what the wealth playbook the coaching system is um before we talk get access to the system I want to show you what the system looks like but there's one thing that we want to address first because even if you have the perfect playbook but if you're leaking 100,200 $100,000 per year in taxes, you're never going to get there. You're not going to have the fuel you need to build the system, right? You got to plug the leak, which is why I want to bring my head of tax strategy, Garrett Gunderson, up.

>> All right. Now, before I bring him up, I just want to tell you some of you are international. What I'm teaching you is strategy. I'm not telling you to buy Sooie altcoin or whatever, right? I'm teaching you strategy. So, when it comes to tax strategy, I know that some of you are outside the United States. The principles that Garrett is going to teach you apply globally. Okay? Debt is not taxed. That's universal. Unrealized gains are not taxed. That's universal. Depreciation accelerates deductions in almost every country. Entity optimization reduces tax burdens globally. These are global strategies. All right. Now, Garrett is a he's a CPA. He's been building wealth strategies for decades, 15 years of tax optimization experience, hundreds, 500 clients, claiming hundreds of thousands of dollars in tax planning. He's a specialist in almost everything. I'm going to let him talk about that, but I just want to let you know that listen to the strategy he's teaching you. And if you live in another country, understand that almost all this applies, it might just be a limited tweet. I'll talk more about that when I come back up. Um, by the way, I forgot to mention this real quick before I bring him up. Uh, I would love it if you guys would post about this on social media. So, maybe between me and Garrett coming up, you guys could just grab your phone and throw something on Instagram real quick, a picture of the Zoom room, and just say like, "We have a hashtag or something."

>> Tanner WS2626. Um, just take a picture of the Zoom, throw it up. Maybe what would be better is if you could say like an aha moment or a real revelation that you had. That'd be amazing. Be really helpful for everybody. Do that.

>> Um, what's coming up next? So, Garrett's gonna come up. Uh, he's gonna blow your mind and help you find the money in the couch cushion that we can take and multiply. Then we're going to um we're going to go to another breakout session. I want to talk about the tax savings. Then we're going to go to lunch and have a VIP open. After that, we're going to go to the nitrous oxide for the motor. That's the implementation. So, we'll be done sort of with the information and then after lunch, we're going to come back and show you how to implement all of this. And then Garrett and I together will be doing laser coaching or live coaching where we'll actually help you take all the information that we've given you and the implementation session that we go through and we're going to coach you on how to apply to your own specific personal situation. And then after that uh we'll do VIP in the day. Tomorrow, just real quick, tomorrow's a short day. Tomorrow I'm going to give you a 12week road map so you know exactly what to do as soon as you leave here. That's tomorrow. All right, that being said, give me uh give me three minutes and Garrett is going to be up here.

>> Yep. May as well, too. Money, success, progress, none of it comes without work. Repeat after me. I have what it takes, but it's going to take everything I have. I have what it takes, but it's going to take everything I have. Whatever you want is on the other side of work. Everything you have, that's what it is going to take. These days, most people aren't willing to put in even half of what they have. Everything. What's that? Most people will never know. Most people will never know the feeling of earning something great. Most people will never know that feeling of deep pride, knowing you are self-made. Are you different? Are you different to most people? Money, success, progress, none of it comes without work. If you can get to that place, if you can become that person that is willing to do anything to get the life you want, I promise you, anything you want, you can have. You have to be willing to earn the life you want. That's the only way you're going to get it. You have to level up mentally before you can level up financially. This life is like a video game. If you want to get to the next level, you need to level up yourself.

>> You need to level up your knowledge, your skills, your confidence, your expectations. In other words, if you want better, you must get better. Everyone tries to skip that part. They just want the money, the rewards, but the work they run from the struggles. They quick when that shows up. Do the work. Push through the struggle. Then you will get your rewards. Struggle makes you stronger. You might not like it in the moment. You don't have to. Push through it. NO ENERGY? FIND SOME. PUSH THROUGH IT. NO EXCUSES. Can't see a way out? Do something. Build some momentum. No excuses. No one believes in you? Believe in yourself. Do something that builds your belief. No excuses. You can do this. But it will take everything you have. EVERYTHING YOU HAVE. THAT'S WHAT IT IS GOING TO TAKE. Are you prepared to give everything you have?

>> I get my money right.

>> All right. Good to see all your faces. All you love faces out there. Let's get going. Let's put some money in your pocket. Like I'm going to emphasize tax, but I want to let you know there's like four key components where people can really find a lot of money and put it in their life. Too many people are indoctrinating others in like oh scrim save, sacrifice fur. Like that's why I love about market because they get you think about how you take these lazy assets and actually extract we engineer wealth and create substantial wealth by understanding the rules of the game. I just find it interesting when institutions like banks are like hey you know send your money on a regular basis and hold on to it as long as possible and give back the least possible and they do the exact opposite with money immediately turn into cash flow. So tax will be the emphasis but I also feel like just even how people handle insurance. There's a lot of people doing the coverage there's proper structure. There's a lot of inefficiency. So I'm going to give you just a nugget right away before I go to the board and start putting money in your pocket versus if you get insured only in the catastrophic not the inconsequential. Something's inconsequential if you can pay for today and go to sleep tonight but there's a lot of insurance that a lot of people leave exposed that if something happens but they really destroy their legacy would actually confiscate their wealth. Those are the things you want to protect. umbrella policies. You want to have higher deductibles and have high limits of liability. You want to protect human value because you are your greatest asset and you want to protect you and your ability to earn and anyone else that comes in as a financial predator that you keep them out. I think that like hurdles whether that's asset protection, whether that's corporate structure, whether that's insurance as the transfers or even if that's the liquidity stack that Mark's teaching to make sure you have access to capital at the right times. If you have that, it's like you put so many hurdles that you own nothing yet control everything that no one can infiltrate and get to what you have. This is the different ways that we can kind of look at the world and they look at wealth. The second thing is just interest. I think it's interesting that so many people say stuff like, "Oh, I've seen people lose their mind over a 50 mortgage." If you understand how interest works, everyone has a cost of money. Your cost of money is your highest rate that you can earn or it's the highest rate that you pay. Most people are thinking like savers, so they think, "How can I save interest?" Because that's the obvious thing, right? If you don't have to pay to a credit card or a mortgage or student loan or a car loan, you're not paying that interest. But what they don't consider is opportunity cost. Opportunity cost is you always pay interest. Well, you pay cash and you forfeit the right to earn interest or whether you borrow. And what you're learning here is arbitrage where you might borrow. Like I I'm going to have a mortgage at 2.75%. Because with my eyes closed and no effort, I can double that rate of return with literally no risk. And yet there's people out there that are saying all you want to do is put your money in retirement plan which defers taxes in the future and pay off your loan. And the problem is when people tell you they don't have as much money in the future, who cares what you have to have? What do you want to have? Do you want to have legacy game changing higher quality life? Like I don't want to end up like these people that scrimp, save, sacrifice, they defer, they delay, and then when they get they're like, "Oh, I need 70% of my retirement income." That's some because let's go back. Imagine in 1980, you just interviewed someone. You said, "How much do you think you need to have in retirement?" In 1980 where $1 back then is like $10 today. I mean, you need a lot more money to buy the same thing. They might think a million dollars. I think that's a big number. But today, if people retired in your 2022, what happens? Inflation comes in, fixed income is really low, interest rates are low at that point. So, they might be having a million dollars and living like a popper off of $40,000 taxable per year. So, we're going to maximize wealth, maximize velocity, and find money. Because when you find that money, instead of having that be lost with the opportunity cost, it's now money in your hands. You can do one of three things. Improve your quality of life. That could be one. You can improve cash flowing assets. That would be another. Or you can improve and find ways to engineer wealth like Mark's teaching you. So it's not just the effect of finding the dollar. It's what this does that dollar become moving forward. And I wrote this book called what the rocks do. I don't know how many you have heard of it or read it. Um, it's it's a big book on legacy. But in that book we did a study. Now some said they loved it. Love hearing that. They did a study. We did a study. We said, you know, you heard Mark talk about what the average 41k has. Let's say someone has $270,000 in retirement plan and for the next 20 years they double their return. They go from whatever they were getting and they double it. Maybe it was doing eight. Now they get 16%. Now how they do that? That's another question. We just said, "What happens if they double the return versus what if we just looked at one key area which is taxes and one other which is loans and we start to restructure loans to be more effective and efficient and we start to be more intentional with saving tax. Guess what? The person that saved interest and the person that saved tax ended up with 400% more than the person that just chased return on a small amount of money. See, I don't like this set and forget it notion of just lock money away and pay everything off because now you have you have lazy assets that don't create cash flow. I want to have the maximum cash flow because the first thing is when you're financially fit, it means your financial order. Mark can make decisions quickly. He can access capital quickly because he's financially fit. The right financials, the right connections, making sure that everything's handled, whether it's transferring risk to the car insurance, home owners, liability, disability, medical, life insurance, whether it's making sure the right corporate structure, whether it's making sure the right cash flow reporting, whether it's where the money is invested. These are all parts of financial fitness. But then the second thing, and this gets so much power when people have it, it's financial dependence. Financial dependence where you have recurring revenue or cash flow from assets to cover your expenses. All right, so let's check this out. If I have most people, they try to save 10% of their income. They take some 10% stock market return and they're told they should wait 30 years. 30 years is that long haul. So what do they say? It takes money to make money, high equal high return, and you're in for the long haul. Look, it doesn't take money to make money. We've watched that today. It takes relationships and ideas, value exchange. It takes engineering wealth. We're finding ways to turn potential into production, turning stagnation into assets. They're saying high risk people return. Risk means chance of losing. You know, one of the riskiest thing to do is lock your money away till 59 and a half or longer and just pay something off and not have any cash flow. I think that's kind of an insane notion. There's people out there that are being taught to just save money so that 30 years from today they can finally live their life when they're too damn old to enjoy it. What good is it to do to have this notion of I'm going to retire one day when I might break my hip when I go skiing? That's no fun. Like the only thing happens when you're 85 years old is you wake up and some days you wish that wouldn't happen. Your body hurts, your eyes just warm shut and now you got to go be president. You know, think about that. Like so many people are waiting for their life to come about. I'm here about like how do we create financial independence instead of accumulation. So the accumulation model is always about setting it, forgetting it, investing early off and always. It's not really the best model for you. Instead, Mark's talked about velocity. So that's like the GDP or the gross metric product divided by the money supply. So how do we get a higher GDP without printing money? Well, we've all heard this notion you should live within your means. Some of you probably said it, right? Thank you. Someone says like this guy. I like it. Yeah, that's good. I'm going to give you all I got for the time I have today and I'll get answer questions like stuff as well. But I want to bring some energy to this, you know, topic. So it's hopefully easy to learn. But when people tell you there's three ways to live within your means. You got to realize 80% of the population is stuck in the consumer condition. They're looking to take more value than they give where they live from fear down where hell I know this because my family, my great-grandfather, he lived in San By, Italy. And when his wife got pregnant, he's like, "Oh, damn. I don't know if I can put food on the table." So he decides to get his half brother and his dad and get on a ship after hiking through the mountains to get to the port living off this honey bread that wouldn't spoil to come to America. He was so damn proud that I never had vision to get here. But guess what? He ends up getting here and go to East Cara, not the best place to become a coal miner because he want to provide for his family. Now he was separated and didn't see his daughter until she was over two years old. That's the first time I ever saw. So what happens is people start to believe in scarcity. Money is about something you got to hold on to. Take what you can never spend because you don't know when it's going to happen in the future. And what it does is get him to think like a saver instead of investor. And so those are the people that sometimes live in their dreams like a hell yeah. What does that mean? Cut out expenses. Reduce enjoyment. You know it's a finite game. No one shrinks away wealth. And if you're in that mindset that becomes the problem. There's two other ways to live within your means. You can be more efficient within your means. Efficiency says like if you look at your your velocity at your financial output divide your by your financial input. Of course if you spend less money you can have more money in the future they'll probably never spend because once someone becomes miserly and deeply entrenched in scarcity they almost always stay there because they don't put the switch away. They say you know I've been a cheap bastard but now I'm 65 I'm finally going to live it up. No it becomes habitual. It's it's stuck in them and even worse they didn't create cash flow the way. So now they didn't train themselves how to create cash flow and now they have this marathon called retirement where they didn't know how to create cash flow and now the outcome of their income is outside of their control. That's a crazy place to be that people are very frustrated. It's supposed to be the dream. It's actually a dream. Drop the data. probably special called the American dream on Amazon Prime by the way where I joke about some of this stuff even though I don't want to be funny want people to laugh and learn but we got to realize yeah you can be more efficient within your means so you can keep input the same and increase the output and to be more efficient within your means that's where it's save on tax save on interest save on non-performing investment fees like I know we're not here to hear all the normal standard boring garbage that says hell if you just put the money in an index fund for the next 30 years you two can never spend it and then when you die your kids will blow it because you were so cheap you get the money there like that's the other half of the book the million next door that book says if you're cheap yet you two become a broke m millionaire what it doesn't tell you is after you die your kids didn't know you had the money and they're going to ruin their lives with it because nobody understood the conversation of money nobody's living by the principles of prosperity it was all based upon the principles of scarcity what I call it consumer condition where people take more than they give or they think everything is about fear down worrying and they think of money to be scared of. So instead of being reductionist thinking, I want you to be efficient and we're going to focus on the tax efficiency here in a minute. And then the third thing, this is the big deal. The third thing is expand your means. Mark is here to help you expand your means. You live with your means, but you expand your means, serve more people, solve bigger problems, engineer your wealth. That's the key. All right. So we're going to be in velocity instead of accumulation and in acceleration. So let's go through the tax model here. Let's see. There we go. I'm going to give you a framework because not everybody's from the same country that's watching this. But as we go through this, I'm going to give you the framework that you can apply no matter where you live. And I want to give you things that you want you to add up as I go through this. I want you to be like, "Okay, there's about this much money I can save if I do this." Um, and for any of those that might have any level of like hesitation or fear where you're like, "Oh, I you know, everyone needs to pay their fair share of taxes." We are paying plenty of taxes, property taxes, excess taxes, sales taxes, you pay to work, to drive, to eat, to sleep, and to help you. You don't do it, do it, do it, do it, do it, do it, do it right, even when you die with the state taxes. So, we're talking specifically about the income taxes and what you can do to reduce those income taxes. I'm going to give you this framework of three buckets I'm going to draw on here, and then you can start to get ideas of what to do to maximize your savings. So, the first issue, the first bucket is a lot of people just don't have the right team. That's the first thing. They just don't have the right team. So, let me make this a little bit thicker here. Yeah, they don't have the right team. That's first bucket. The second is maximizing the deductions. And the third is how you classify your income. And this is the big one that most people miss. They don't classify their income properly, which means they overpay their taxes with every single dollar that comes in. So the team, if we begin there, you just need timely data. That's the first thing. And it's never been easier than it is today. There's AI tools that will help you with bookkeeping and things like that. But if you don't have timely data, what happens is most people go through the year and when year's over now, they talk to their accounting team. At that point is when your accounting team is kind of in the brain dead season. They're just trying to scramble to get everything done before the filing. And most of it, if it's from the previous year, isn't about saving tax. It's about delaying tax. And saving and delaying are two different things. Saving you don't have to. Delaying says you don't have to right now. You just want to wait till they're older and crankier to finally pay their taxes. Look, if you don't like paying taxes today, waiting to pay in the future, a lot of these clients might as well have negative 100% return because you've never applied to a touch or no exit strategy. No benefit from it. You don't want to pay taxes now. You don't want to pay in the future. Well, my grandma turned 7 and a half. I said, "Hey, grandma, you got to take money out of this 41k." She's like, "Why? There's a required minimum distribution. And if you don't take it, there's a tax penalty. There's a tax and a 50% penalty. She was pissed. It was the first time I heard her say the effort, not the last cuz like her committee had must have passed out or died long before her. It was like thought to mouth immediately. So we want to have timely data. That's the first thing. The second is you don't want to have a tax strategist. It's not a historian. The historian tells you what you owe after the fact. The historian tells you I'm conservative. Conservative usually means when you catch me that I didn't maximize your tax savings. I'm just saying conservative so you don't fire me. It means antiquated. It means fearful. Like I know some people like I want to get audited. Well, look, I don't want you to do something that's going to intentionally get you audited like round your numbers. When all of a sudden people are, you know, everything's rounded that automatically triggers like a notice for an audit instead of having specific numbers. There are certain strategies that could, you know, trigger an audit. the things I'm going to teach you today, there's only two that would potentially increase your audit risk because some people use them, but it doesn't mean that they're legal. I mean, some people do them wrong. So, I'll point those out. But, if you have a tax strategist, they help you practically navigate your deductions. Their job is to go through every quarter and say, "What things can we do to save you?" I'm going to give you examples of that. The third thing, and this is really important, and this is a lot of people miss, you want an attorney. If you haven't made a million dollar revenue, that's just a corporate attorney to set up the right corporation so you pay less tax, but it's over a million dollar, it's a tax attorney. And these are the ones that can help with this category classifying or reclassifying your income, which will be very instrumental. And then finally, if you own buildings or if you're in real estate, you might want an engineer. This is optional. An engineer like we just had someone because of the new like here in the United States because the new laws and the new tax advantages, we had someone that last year in October bought a new house. They were going to move in. And we said, "Hey, if you're willing to delay moving in till January 1st and you want to Airbnb this property until then, we can get you a $27,000 appreciation." Like, okay. So all of a sudden they have a six figure tax deduction because they're willing to delay for just a couple months because the new bonus depreciation laws. Like there's people that own a building and they haven't done a cost segregation study which says it doesn't take 39 years for all the depreciation to normally happen. So you do an analysis and say, "Hey something to be accelerated 5 years, seven years, 10 years and all of a sudden you're getting more tax deductions and advantages now versus later." Okay, so this is the team. Most people don't have a team or they have pieces of team or they have people that they've outgrown. And a lot of people in the accounting room will say, "Oh, you can't do that." They love saying you can't do that. And it might be that that's true. I want to see it inside of the like show the tax code. But it might be that it's out of context. Might be that it's just that they don't have the right corporation. Like there were things I didn't write off before I had a production company. Once I had a production company, it was completely just fable to write off. It depended on the type of entity and the type of business I was in. So let's get into the deductions here. So especially if you own a business or you're an investor, there's a lot of deductions for people. The first like you know few pages of the tax code say here's why I have to pay tax. The next several thous you don't have to pay tax and you know how to understand and utilize it. So deductions the first deduction where if you go to spend money just ask the question could this or does this relate to my business? And if you're sure then you write it off. If you're unsure then you bring it to your meeting which I'm not recommend you meet with your tax team. If you get in the March program every quarter you're going to review and say but have you made more money? What changes are going on? What new tax law has been established? And making sure you're maximizing all those deductions. So, first you ask the question. Second, if it is something that happens, you just simply document it. Document the tax advantage. You know, we had some their actual job, I was working with them last year, is helping people get tax credits through different easements and things like that, but we saved them $3,000 because we simply found an error and we can go back and amend the returns. So, part of it is I have people have a great accountant, but they don't have a good attorney. And so, the accountant is only doing part of the work and the attorney needs to come and do the classification. So, I'm going to talk about how that comes together. There's so many different deductions that people can take and they miss. I'm just going to give you a few again. I've had people in Canada use this framework, but it's a little bit different with the code. I'm going to speak a little bit in the United States code and then you can say, "Hey, when you meet with your accounting team, wherever that is, you have the framework, you have the questions. I had this guy in Canada that saved over $100,000 just taking the framework existing team and going through this framework and just playing the recording and then the tax team doing the work based on what he said. So, first thing is you need a document, right? Ask a question and if it documents it. Let's talk about something that people miss all the time. I have a lap pool in my house. I have a gym. I have a cold plunch. I have a a sauna. I can write off all the maintenance of your 132J. I make it available by my employees. One of the things is having a company where you employ your family and then guess what? They're all using it anyway. It becomes a write-off. Or I use something called 28G and this is I rent out my house. Maybe I host a team retreat or a client retreat and I can rent the house out for the entire day up to 14 days a year. That's a tax deduction for my business, but I don't have to claim that as personal income when I pay the money to myself. Now the time to do that is when there's something going on in your city or your town where prices have gone up for hotels, for conventions, whether it's a big event that's going on, whether it's a trade, whatever that might be. That's the ideal time to host those things. And it's also maybe a good time for the team to get together or your clients to get together and do something fun to what's going on in town. But it just can't be 14 days in a row. It can be 14 days for the year. And uh you know, I've had it be I was here in Southern California at event one speaking. It was at this guy's mansion and I said, "Hey, are you writing this off?" He's like, "Well, what do you mean?" I'm like, "Well, you can write off every day of the event with us. You just need to have this little lease agreement here." And we added up the event ended up being 50 grand because we did the

Comparables. It was a ridiculous house, the time of year. Like it was a one-week event. So that was basically, you know, $20,000 in his pocket after all these deductions. So that's 280G.

There's another one called 199A. Back in the day, when 999 was going to be, any business owner was making money, and they could just, you know, have it go through the corporation and be a 15% tax rate. That didn't end up getting passed. We got to pass because maybe you're at a 37% rate, but because you have employees, you have income coming in, you have to pass your deductions as a business owner and might take that 37% down to 31% or 29%. It's a qualified business deduction, QBD. So that's section 199A.

Um, there are people that are probably watching this that live in even where we're at today in California. Like Mark's got clients all over the place. You know, he's got a big following. He lives in California, but any clients outside the state of California. If he wanted to set up a Wyoming or Wyoming trust, he could take income outside the state of California from clients not here through those trusts and not pay state tax. They have to be non-income grantor defective trusts, but the reality is they can take money through those trusts. They have to pay the highest federal rate, so you don't need for when you've maxed out all your taxes, but it gives you the chance to save another 10%, 11%, 12%, 13% just by having these types of companies. So those are a few examples of the things I mean. There's so many basic things people write off their their, um, you know, home office. I've had CPAs say, "You can't do that." You've been able to do it since 1995. Here's a lot. Why wouldn't you be able to do it as a percentage of the home, percentage of the utilities, the whole? So home office is another one. There's so many things here. And when you jump into the Mark, I just give the tax navigator so that you can go through the checklist to see exactly what to do, what you're doing, what you're not doing, and making sure you're maximizing this.

So what I want to take a pause here and do is go, "All right, all right. So if you looked at all your expenses and said, 'Could this relate to my business?' and you're not sure, that's where you meet with your tax." Here's some examples. I took a trip to Italy for a summer, and I thought it was kind of crazy to go back considering my great-grandfather had to flee because he couldn't put food on the table. Why just have a good time? You know, drinks, have dinner, hang out with my family. It's kind of a full-circle moment. But I want to write off a part of the trip. So I called the strategy with all the tax team. I was like, "I'm going to write off the Italy trip." Like, "Of course, you should do what we do." I'm like, "Well, first off, I've got multiple companies. I'm going to have to do our annual minutes. I'm going to do those meetings and retreats. Why I'm in Italy?" That was the first thing. The second thing I said, "Well, I'm going to host a one-day, you know, event at the villa for my inner circle people so they can fly out and we can spend a day in Italy." That gives me another thing. Third, we're going to go where my grandfather lived before he moved. We're going to take drone footage. We're going to get there. We're going to put that in some of the deal. By the end of the conversation, 55% of the trip was a write-off. There was still plenty of leisure. There was stuff that wasn't related to business, but we went from nothing to a decent amount of write-off.

I mean, I bought one of these Canon Maverick X1 1000. You can see Mark driving down something like, you know, doing 150 miles an hour being like a crazy man. And when I bought it, I sit at the cabin. I do these legacy retreats there. I work with people who build the family constitutions and, you know, build their entire like estate portfolio and everything. And I was like, "Hey, what if I have them driving in it and write in it as part of the experience? Wife's own videos?" And by the end of that call, 40% of that's a write-off. A lot of people just don't know how to write these off because they don't know what to do and they don't have the right documentation conversation. But if you do, all of a sudden, an expense becomes a deduction. Can I help your business? Can I relate to the business? And I got to say, like, some of the biggest opportunities is let's say, you know, Mark could do this for example. He might be doing this. He's doing so much education and that, but he's got some real estate and his wife manages his real estate portfolio. So, if you spend 750 hours managing and dealing with real estate in a given year, you get a tax loophole known as a real estate professional. It's not a license. It's a designation that allows you to maximize tax savings against active and passive income without limitation on loss. I had that way back in the day. It's a major tax advantage that most people miss. And so, it's simply a loophole that's there. It's available. It's legal. It's straight up. Are you spending 750 hours? And it could be something that could be a game-changer, which could basically reduce someone's taxes.

See, in back in 2021, I spoke to 20 family offices. So, family office, it's the right way to handle finance. Everyone in the room was a billionaire plus whoever was on their team, the head of their family office. And I talked to some of these billionaires that spent $8 million for their tax strategy because spending $8 million to save $100 million was well worth it. So we have to recognize there's price. That's what we pay. There's cost. That's the economic impact. And there's value, which is what we get. So something can have a price, like an $8 million price tag for the team. But if you get back a net of $92 million, there's that's not at the economic cost. Economic benefit outweighs the price. And that's kind of what I want you to think about here. Now, there's some things that might not be worth the extra effort. You got to look at it. It's worth I'm looking at strategy for big rocks, not small pebbles. There are sometimes that people are tracking every little thing and they're spending so much time to get there. I want to know what are the major tax advantages? Because what I found with these billionaires is all their tax rates are substantially lower than people that are executives getting a W2. They're substantially lower tax rates. We see that, you know, if someone's maxed out at 37%, billionaires at most are at 20%, at most, if not lower, because there's so much strategy there when you have more money. And when you're engineering wealth like Mark is teaching you, it gives you so much that you can do that other people don't. They just go, "I'm getting taxed on every dollar because I'm working and I just stuff the money into a retirement plan that just defers the tax, doesn't save." And I'm paying off the loans that would shield some of that tax as well. And they're not deploying any tax strategy whatsoever.

So, there's tons of other deductions you can do. There's solar credits. There's plenty of things. There are some things that get a bad name because they're abused that are still useful. Like I was here in California not too long ago, and my buddy has this amazing 10-acre spread, beautiful home, like it's like living at a theme park. There's like slides and gyms and everything. And I was like, "Man, how much land do you own?" Well, the main house is on 5 acres. We got five 1-acre lots surrounding it. I said, "Are they zoned as 1-acre lots?" He's like, "Yeah." I'm like, "Are you going to ever build on those lots?" He's like, "I don't think so." I'm like, "Well, you for sure would never want someone else to build on. You'd never sell." He said, "Yeah, at least." I said, "You can do a conservation. Are you for the development rights of these two properties that you already have and get a tax advantage for that?" Now, that's completely legal. It's ethical. It's absolutely what you can do. But, what a lot of people do is they do syndications. They get a conservation with non-related parties that are just bought only for the tax advantage, and the government went after that. So, that's where some things are legitimate, but they get a bad name as they're taking out of context or they're used in certain ways. But, that example was perfect for him, right? Like, he's now able to do that, save a bunch of tax. And then I was like, "Dude, how are you hosting events here?" Because you got to be having stuff. If you have a volleyball court, he's like, "What about the industrial for a house that big?" I mean, we're talking about probably $100,000 per year that he's now able to shield from tax because of just that 28G adjustable I covered before. So, there's so many deductions that people miss. And again, you're going to have the tax navigator and be able to go through the checklist. And if you can find these things and understand these things, they become very easy, straightforward, and part of the process.

But the game-changer that I want to focus on here for a bit is classification. Then we're going to come back and start calculating how much do you think that you could save if you start implementing some of these things we teach. So, there's four ways to kind of classify when it comes to taxes. The first is, can we move active income to be more passive? That's the first thing. Active income is the highest taxed thing that you could possibly do. If you make more passive, we can say self-employment tax, which can save you 15.3%, or we can say, say, like by computing it in permanently, which is at least 3.2%, 2% of every dollar earned just by taking two different checks. Like if someone's not incorporated, if you're a Schedule C, speaking again in American language here, you have a 400% higher chance of being audited. You have 100% liability on you. And sometimes I find people aren't incorporated. Some of you became a good friend of mine. We started working together not well over a decade ago, and he lived in some little town in Illinois I never heard of. And he said, "The best accountant in the world." Like, "Really? In your town? Best accountant in the world?" I was like, "You sure you want to meet with our team? You already paid." He's like, "No, it's like the best." Okay, let's make a little wager here. If we look at yourself and we can save you tax, you'll go with us, and you owe me a Chicago Bears game. And I like that for some unknown reason. So he's like, "Okay." I said, "But if we can't save you, I'll take you."

Well, what we found was he wasn't even incorporated. So we set up an S corporation. We took a reasonable salary because he was a doctor and took the rest of distributions, and he owned the practice. The distributions avoided 15.3%. And then we actually did what was known as the depreciation I said on his building, which he had never done. That got him $22,000 a year, that day, moving forward, less tax over a decade ago. So $22,000 a year for 10 years, that's $220,000. He's a billionaire if you put it in Bitcoin. So, if you put it in any other anemic thing, we're talking about multi-millions from him going, "I've already got it figured out," but didn't just because someone has a liability factor, just because knowing them. Like, I know a lot of people that have, you know, clients. Like, "Oh, my client has a client. They do my stuff." And I'm like, "Well, how much do you make on them as with them as your client?" Because they're costing you $22,000 a year, and somehow they like don't want to disrupt it, but it's your money, right?

So, we went back also with that guy and we amended his returns. We could go back three years because he'd missed certain things and got $100,000 in amendments. So, you have three years to go back and amend returns if something was missed. We just did this with that person I talked about earlier where we found $300,000 by a mistake that was being made on her filings. You can amend that and get that back. I've been able to do amendments. I had, unfortunately, uh, we had a private plane and it crashed with two of my business partners in it. And in that year, I just didn't meet with my tax team. I didn't have my stuff together. I was just trying to hold it together. And so I just didn't, I overpaid my taxes. But the good news is I was able to go back and amend. I got $50,000 back from the federal government and like just under $20,000 back from the state government by doing amendments.

There's also another thing where if you've heard now about like R&D credits, R&D credits kind of got ousted for a while. There's a lot that came in that didn't really make it very useful to be able to take these limited deductions and the type of deduction and how long it would take. And now they've changed it. You can go back and amend to 2022 with the new law on the old system. That's an example of taking an amendment that the government actually says, "Here's something that you can do." And when I was able to take the R&D credits, I got $90,000 back because it wasn't about the deductions that I'd already taken. It was about my time and effort and the team that was inside the United States that was doing the work allowed us to get those credits. So that's examples of doing amendments.

So this is why I recommend every three months you're going to meet with the tax team. You're going to practically navigate so you're doing it during the year that you can do something about it. Then every three years you're going to look back and say, "Was anything missed?" And you get a different set of eyes to just see maybe the team gets complacent. Maybe they didn't know the questions asked. Maybe there's certain tax law changes. I'm going to tell you the way that we're building the command center is that we now anytime one of our clients has a new strategy, it updates the whole system and looks at every client and says, "Could this apply to anyone else in their situation?" Thank you, AI. It's a game-changer. It's going to save time. It's going to save money in the most profound and impactful ways.

So active to passive is the first way to classify. The S corporation, if you're in the United States, where you take a salary that's reasonable and the rest are distributions. Distributions do not get hit with 15.3% or minimum 3.2%. So by taking two checks instead of one, guess what? You lower your taxable income. That's an example. If you own real estate and you office in that real estate, you can charge yourself the highest comparable rate, and that's going to lower the taxes that comes because it's passive instead of active. Because when you take W2, it's the highest taxable income. That's why you hear stories about like I've talked about, I've written about it, you know, like guys like Warren Buffett that have a lower tax rate than his secretary because he just pays the secretary salary, even though she gets to pay a fraction of what he makes in a year. He just gets to borrow against the stocks or he gets capital gains if he sells the stock, which is half of what the ordinary income would be, or zero because it's borrowed against the asset. So there's just so many advantages when you understand capital markets, when you understand taxation. Tax is often an ignorance penalty. You pay unnecessary tax out of ignorance. And the way that they have us keep paying it is one, I know that I'm not actually a CPA. I just play one on TV. I'm an entrepreneur that just hires CPAs and partners with them to help provide the services because I feel like the training in that world gives people to think inside a box, and then you go, "Okay, how do I reactively do things?" And what this is why I say, "Can't be done?" I'm an entrepreneur that goes, "How would this work? When would this work? Who can help us make this work?" And by spending time like speaking to those 20 billionaires and being able to hang out with them for two days, it's fascinating to talk to their tax teams and what they're doing strategies because you get that restaurant. There's a myriad of strategies the tax can bring, and it's very custom and specific. But the good news is it's going to pay less. Like we're in a world where the more valuable you are, the less tax you're going to pay. That's just how they designed the system, unless you just decide to close your eyes and forget about it. I've heard people that are very like they believe that we should tax citizens more, but they don't voluntarily pay their taxes more than what's required. They still abide by all the strategies that are out there, even though they're speaking the top of the ones that our tax rates are too high. So it's kind of interesting.

Now let's go to the second one. We want to turn ordinary income. Ordinary income is your regular income that comes in into capital gains. Capital gains, you know, when you have a capital gain asset, you could borrow against it, avoid taxation. When you have capital gains, it's going to be almost half of what it would be if it was ordinary income from the top tax bracket. You know, capital gains could be 0%, 15%, or 20%, or your income could be 10% all the way up to 37.5%. And again, you can borrow against capital gain assets. So if you're a business doing business internationally, but live in the United States, you can set up an IC-DIC, International Sales Corporation, which means every dollar that is earned is a capital gain instead of income. Let's just say that was $100,000 that came in there. You'd be paying $17,000 less tax on that dollar on $100,000 just by sitting at the corporation. If it's a million dollars, it's $17 million, $17 billion, $17 trillion, $17 quintillion less tax simply because it came in through the right entity, IC-DIC.

Now, here's a strategy I'm going to give you that's actually a protection strategy that doesn't have tax implications. So, this is the caveat. If you go and do this strategy improperly, it will get audited and you will lose. So, I'm going to tell you this is the one strategy I'm giving you that could increase your audit risk, but it doesn't mean it's not a bad strategy. It means that people don't understand how to use it properly. So, it's called an 831(b). 831(b) is known as a, it's known as a captive insurance agency. I'm looking at doing one again. I did one in the past. I would do one for health insurance. Health insurance is going up so expensive. I have this team. So, I'm like, "Why don't I just ensure that team myself?" I can have this risk premium that if we ever cap out and it's a big, someone has a big issue, you know, heart surgery, transplant, like it would go beyond just the dollars I put in. But now we don't use a dollar, it all went in pre-tax, and we can pull that money back out and benefit from it instead of just have it go away. So I did this back in the day when I had a different company I sold because I was speaking so often and I had to have different insurances and things. I was like, "Why don't I just start my own insurance company, the CC Corp?" I put money into it pre-tax. So no tax on the way in. If I don't have a claim after 18 months, I could pull it out capital gains. So I go from 37% to 20%. I don't have to take it out. I didn't take it out. I just like eventually I just rolled it over. So now it's a CC Corp with retained earnings that I don't have to pay until I take the distribution. See, so I have a lot more control that have my growth and I can borrow against those assets, never paying tax whatsoever. So 831(b) does have costs to set up and feasibility study. You need to hire attorneys and accountants. And the biggest risk of these is if you get with the wrong firm, they do abusive things. Like there's things you can't put in this. You can't put life insurance. You can't put illiquid assets because it needs to be liquid enough if there's a claim. So it has restrictions. And if you violate those, they're going to, they're going to audit anyone else those attorneys are with. So it is something that it took me 17 years. I've been doing this since July of 1998 before I finally captured because so many of them are doing things I thought were a little bit risky or we could get them audited. And then I found the right firm. I found two of them over the years that I could use, utilize, and benefit from. But it goes in pre-tax. You don't make a claim. Comes out ordinary income, uh, or comes out capital gain, sorry.

Now the third one you guys are going to like a lot. Tax-free tax-free strategies. There's a new law that just got passed. In the past, it was if you're a C corporation for 5 years and in certain industries, you sell for up to $10 million per partner tax-free. Now it's $15 million in three years. So if you set up a C corporation, now as a C corporation, only works for C corp. Corporation. And what's cool is you can have your spouse in there, that's another $15 million. That's $30 million. You have a child in there, there's another $15 million. You can have a trust in there. So we have one client that just sold for hundreds of millions, $70 million tax-free. These are C corps. They use section 1202. That's a tax strategy.

Now I want to tell you a little bit of a story because this is kind of funny because I was pretty young at the time and I was still at university and I was still, like, you know, getting into financial services. It's June 1998. I'm a sophomore going to be a junior, and I'm starting to read and study. I'm obsessed with finance. And I read this article on charitable remainder trust, known as CRT, charitable remainder trust. And I read one article and I'm telling someone about it, and they're like, "Hey, uh, that's that's not cool. You should come talk to this agency." So I have to drive three and a half hours from my little town to the big city. And I like, I study at the hotel till I fall asleep studying. And I get up to speak. I'm the youngest person in the room by far. And I talk about this charitable remainder trust. This is one of the things I covered. So this guy comes up, his name is Ricky. My dad, Allan, this business. "Do you think we can do a charitable trust for him?" My dumb brain was like, "Sure." Like, what I should have said was, "I read an article." And an article. But I said, "Sure." So he brings me the next week to an attorney's office. The messiest damn office you've ever seen. Just stacks of files and folders and not that nice of a place. And this guy tears me to shreds and says, "What's your strategy?" I say, "Like, that's not how it works." Yells at me. I'm feeling pretty bad about myself, but at least I'm resilient.

So, I just called the guy that wrote the article. I just tracked down his information. Called him a second. I'm like, "Hey, I'm like 20 years old, but I read this article. Super impressed by it." And smart enough, Greg would talk to me. My guy's name is Greg Gre estate. Work for Frank State. He was like in his 50s. I'm in my early 20s. And he's like, he gets like, "This is amazing you're calling." Yeah, we'll help. So, I bring the client into him. He ends up doing the entire transaction. It's only a $1.7 million sale, but it saved him $250,000 in tax. I'll kind of draw this out. This is kind of a big strategy. And even if you can't do the strategy today, even if this isn't something you can do right now, it's something that later on this is something that you're going to want to know because I find that so many people come to me when it's too late. They go, "Hey, I just signed a letter of intent or I just have someone that's gonna buy my business. What should I do for practice?" Like, "Oh, that was before you signed that. We need to do this stuff." But here's some of the things you can do late in the game. One is this charitable remainder trust. There's like 10 different types of charitable unit trust. There's CRAT, charitable remainder annuity trust, you know, charitable lead trust, all sorts of different names based on how much capital you want and how much tax benefit you want. So let's just say, for example, you have a million-dollar business, just to keep the numbers nice and simple. This can even be any capital gain asset, an individual stock has high appreciation. You bought a video earlier. Let's say you got, you know, a piece of real estate that's, you know, grown tremendously, or it's a business. Normally, if you sell that, let's say that if you sell that, you're going to have to pay $200,000 in tax, right? You're going to have a $200,000 hit, which leaves you with $800,000 to now go and invest. That's great, not bad, but you still had to pay tax on that. If you simply knew about charitable trust. Then here's how that changes because now if you have a million dollars and you donated to the trust, and here's what's cool. This guy liked this thing called the perpetual education fund, which was part of this religion they were part of, and it was part of how they did, you know, supported kids. So he gave to the perpetual education fund, but the trust was his. He's the first beneficiary. So when he donated to the trust, he actually got a tax deduction of the remaining amount, which they estimated would be like 10%. So he gets a $100,000 tax deduction day one. He can take it that year plus up to 5 years later against like 30% of his income. So he has six years essentially to take that tax deduction in whatever year he wants to take it. He has the full million dollars that goes to the trust. Zero tax, no tax, plus $100,000 of tax deduction. Right? So he's right now, he's like $300,000 ahead right now. $100,000 tax advantage plus the full million dollars goes to the trust. Inside the trust, he's the first beneficiary. So he gets a lifetime income. That lifetime income is somewhere between 5% per year and no higher than 50%. Now, obviously, something has to be having pretty amazing assets underlying to get 50%, or they have to be pretty old where it's not going to happen for a long time. But he actually gets to work and direct part of those assets. They say, "Here, I want to invest." Selects the investment managers and then gets an income for his life off of this. Now, the thing is, when he dies, the charity keeps whatever's left over. Hence, remainder trust. But this is where the Rockefeller method kind of comes in. I'm going to show you like, we're getting into tax strategy and legacy strategy now.

So, the Rockefeller method. I'm going to go back in time for a minute. Go with me on this little journey. Let's go back to 1947. I know it was a long time ago. My son actually thought the world was in black and white back then. He didn't, you know, ask my his grandfather, like, "Was it black and white when you were born?" "Yeah, pretty much." So, there's a company. You guys all know GE. So, GE had this philosophy. They're like, "You know what? We really need to recruit the best of the best, the best executives are out there in the world. In order to do that, we're going to have to offer a pension." So, to offer the pension, we're going to find a way to fund that pension, right? So, like, "All right, here's the worker. They're going to work now for 7 to 10 years, right? And now they're going to be getting this pension depending on, you know, how long they live, how quickly they got to number one, number two." Because GE was like, "If we're not number one, number two category, we either need to kill it or we need to recruit someone to become the best." But how are they going to recruit someone that's already working for the competitor? That's when they said, "We can offer them what's called non-qualified," meaning it's not a government-qualified plan. It's private deferred compensation. Deferred means they're going to get it in retirement as a retirement benefit. This was kind of the advent of the pension. And so what they would do is from day one, when this person would work there, they would buy a life insurance policy. They'd buy a whole life, which he talks about life. They would have a death benefit, right? It would grow in cash value down here. And then when they retired, they would use the cash value to help pay for the pension. So they pull the money out of the cash value to pay the pension, pay for it, or supplement it depending on how long the person lived. But when this person died, GE was still alive, and now GE got 100% of the death benefit tax-free back to them, which paid for the entire pension plus a positive rate of return. Walmart's crazy. Walmart's like, "Hey, we thought they did. Just buy on everybody." So if you ever had a family member, green people aren't they? They bought insurance on them because their employment contract said, "We can insure you." It was called phantom insurance because a lot of times with small policies, like $30,000 and stuff like that, but it was just automated, and people were pissed off about it. But here's the deal. GE understood the Rockefeller method because the Rockefeller method is very similar. The Rockefeller has this philosophy that every single time a Rockefeller person is born, it's like adding someone to the company. They consider their Rockefeller name like this is a company. This is an ongoing concern. We have a new asset. We want to protect that asset. So as soon as someone is born, they buy life insurance on it. And what would happen is every time a Rockefeller method, every time a Rockefeller person would die, that death benefit would come back to replenish any uncertainty, any losses, any inflation, any taxes, any mistakes that their heirs made. So they've been able to perpetuate wealth for seven generations. So when a new Rockefeller is born, you have the Rockefeller father has a policy, mother has a policy, kids have a policy, grandkids have a policy. Every time someone dies, it comes back. And why this is important is because most people are afraid to do a charitable trust because they go, "Well, if I do this and I die, they try to keep whatever's left over." But if you already had a death benefit, the death benefit is like a permission slip that says you can spend all that, and it's going to replenish tax-free from the death benefit. And the thing is, the death benefit is one of the ways to engineer your wealth. Like even if you're in retirement, you use the death benefit to do a reverse mortgage, and the death benefit will pay that off, allowing you to extract that money out of the home without having to pay for that loan while you're alive. It's paid off on your debt. Or it could be that you did the charitable trust, which gets you $300,000 better off than if you just sold it out right because of the tax benefits that the death benefit will replace what the gift was, which increases and boosts your cash flow. Or you could sell it off in your later years because Warren Buffett bought six or seven billion from 2001 to 2002 of death benefit on strangers, known as investor-owned life insurance, stranger-owned life insurance, because they knew the death benefit would come to Berkshire because Berkshire would be around longer than the person, just like GE. So this notion of a charitable trust can be extremely helpful in exit strategies from selling a business. You know, we have section 1202 from selling a business. There are other strategies as well, but those are some of the major tax-free strategies that can be extraordinarily beneficial and be, you know, really helpful for you to keep a lot more of what you make.

So let's go back to this, uh, to the design here. I know that's a lot in a short period of time there, but we'll get you the resources and support. I want to go back to this big piece on number four, which is tax arbitrage. Tax arbitrage. Here's the rule: Never let the tax tail wag the dog. I talked to so many entrepreneurs that are like, "I bought this thing because I was saving tax." Appreciating asset that you spent money on, so that for every dollar you spent, you saved 35 cents. It feels like you lost 65 cents. Don't let the tax wag. Think economics first, tax benefit second. So tax arbitrage, rather than looking for tax deductions, we want tax credits, or if I spend a dollar, I get more than a dollar back.

Here's one that, this is the second one. I mentioned the 831(b) could, you know, increase potential risk. This is another one that people do really poorly with, and therefore when they go poorly, they get in trouble because there's a lot of fraud in it. But it doesn't mean that the idea alone is fraudulent. It means the execution has been bad. I've known people that have tried to be fraudulent with the idea, they get in trouble, and stayed clear of it. Um, I think hopefully talked most of them out of it. But there's a thing in Europe where if they want to put something in a museum, somebody has to let it have to buy it. In America, if you go to museums, they're mostly funded by donations, which means that people can buy art, and if they hold it for three years, it goes from book value, which is what you paid, to appraised value. So I have an art investor out of Scarsdale, New York, who's doing this for a very long time. A lot of the stuff that was in Thomas Crown Fair are his pictures and paintings that he's the owner of. And so I'll go in, we'll make a negotiation with one artist where they have a huge collection. I like that work. I'm like, "I'll buy this collection, but the promise I'll never sell the art. I will only donate it." So what they'll do is they'll give me a deep discount because they're offloading a lot all at once. And then after three years, I get to donate it, and I get a six and a half to one deduction, which ends up being about $2 credit. So I get to display that, which this art right now, my wife doesn't want to donate. He just got it last year, and I'm like, "When you see the number, I think we might want to donate it." It does fairly nicely, and we basically just hold it. Then we've donated like Emmy from Emmy University Museum, ironically to Brigham Young University, just because I live in Utah. I guess they had me do that. Maybe it's because I look like Jesus and they thought maybe I was the Utah Jesus or something like that. I'm not sure. But, you know, I basically have these places that I've been able to donate art to and get $2 back for every dollar I spent while displaying the art. So that's a tax arbitrage strategy.

There's other things like historic easements. You ever find a building that's in a historical area where there's a lot of development going on? You can buy the building. If you protect the facade of the building, you can get a historical easement. They give you a tax advantage, but then you can still office and utilize the building. You just can't redevelop it and tear it down. So, you protect the outside facade. I've had people do historical easements, um, because, well, there's another easement, conservation easement. The conservation, I had people that owned property in West Texas and they had a hard time selling it. But when we look at the value of it after fracking, we then forfeited the development rights and they got back what they spent just in tax benefits. Or some in Florida had these like weird snapping turtles on our property. So, the conservation easement, and I was able to get them huge tax advantages. But, a lot of people get used that they get in sync, in sync with non-related parties. So, there's really the 831(b), careful with the donation, have to be a little careful about, and especially conservation because those could create some audit risk when done improperly or with the wrong organization, and you can even see that kind of like the dirty deeds with the IRS.

So let's go back here for a minute, take a look and understand what these numbers look like for you. You know, if you just think about Airbnbs in your area, if you think like if you went and got a comparable home and you rented it, would that rent be that is what your a possibility for 28G is, which is the August rule, which is you renting out your home. Now look, you can rent it just to anyone. You can just say, "I'm going to rent it, take the income, it's tax-free income." Or you can rent it to your business. It's a tax for the business, and you have to claim the income that comes in. You. So it's straight up tax deduction, 14 days a year. So it's 14 times those comparables. That could be, depending on your living, might be $20,000, $50,000, $100,000 for those 14 days of tax advantage. That's money in your pocket. That's engineering we put back in your system, creating a whole lot more velocity.

132(J) just depends. I mean, I have a lap pool, I have a hot tub, I have a cold plunge, I have a sauna. I've got all sorts of maintenance that's going on all the time with all that stuff. You know, they're cleaning the pool, they're taking care of the hot tub, they're cleaning up the sauna, all that kind of stuff. All that maintenance I get a write-off. That's probably like $500 a month. So, it's not the biggest thing, but it's $6,000 of tax deduction that's just there because I made it available to my employees, which I employ my wife and my two kids in one of the companies because that's the company I want to take the most write-off because I want my other company's values. The value of it, or if my partners, they don't want me to write anything off. So, that's a really big tax strategy is have your own company that's a holding company for your family where you're employing your family members and all the write-offs.

199A, let's just say like if you're making, easy number, if you're making a million dollars a year, that's going to save you between $50,000 and $80,000 of income through that qualified business deduction. So, if you're only making, you know, if you're making $100,000, well, it's still going to save you, you know, $7,000 bucks. So, you just have to look at what it is. It's basically takes you from like 37% down to like 31% or 29%. The more money you make, the more the more valuable that qualified business deduction is with 199A. And then you look at whatever state you're in. If you're in a state like New York, if you're in a state like California, if you're in a state like Hawaii, and you can have business outside of that state with clients outside that state, you can avoid the state tax. So, how much would that be? You know, for Mark, I'm sure that's a huge number looking at, you know, the kind of income he does and where he lives. That's a big deal. That's a Wyoming or Wyoming. It's a basically just a certain trust where the income flows through there.

Um, active to passive income. That's looking at, let's say, you have an S corporation. You want to take a reasonable salary. Now, a reasonable salary isn't what you're worth. It's what you pay yourself when you're in the business doing the work of the technician. You don't pay a salary when you're doing a business owner thing and you're working on the business. So on the business stuff is where you take the distributions, and that avoids the self-employment tax. So even if it's $100,000 of distributions, that's $15,000 of savings per year just by having two forms of income instead of one, even though you're taking the same amount. That would be an example. Or anywhere you can go from ordinary income to capital gains, you can not only go to capital gains if you're doing business internationally. If you have a capital gain asset, you could borrow against it, avoid tax all together, just like Warren Buffett's done when people claim that secretary has a higher tax rate, or all the tax-free stuff. If you have a business that you're going to sell, just being that corporate trust, you know what? If it's a $10 million business, you're saving yourself $2 million of tax on that exit. But it's $15 million, $3 million in tax. This is all just right there in the tax code, available to anyone anytime.

So, I'm now going to kind of review this after I get a quick drink and look and see if there's any questions in here. Will work for medical practice? Yeah, it's a sometimes a PC instead of an S corp, but absolutely. We work with tons of people in the medical field. So, absolutely that would work. Um, with this service we're talking about, Mark is going to talk about this this afternoon about how you get access to all of what I'm talking about. Absolutely. So, Mark's going to cover that after lunch. People saying that's a good book. Hopefully, that's talking about mine. Did you say the new tax law? Everyone can go back and refile '22. Okay. With R&D credits, specifically research and development credits, you can go back three years with the new law to then get the benefit that you were missing before. But anyone can go back and amend for mistakes. We had a client in Austin, Texas, that overpaid their self-employment tax $321,000. You can always go back and amend it. It's a quick cutoff. So this is maybe like strange to hear, but I always recommend you file for an extension, no matter what, because it gets you that extra time in case you find there's an error. Even if you fully pay off your income, always file for that extension because it gives you more time to go back and make an amendment. Let's see here. Anytime for avoiding tax penalties with hiring money early. Okay. Yeah, there's a thing called a 72(t) distribution. 72(t). It allows you to take substantially equal payments from a traditional IRA or any type of IRA without the 10% penalty. But here's the caveat. It has to be a minimum of 5 years or all the way till 59 and a half, whichever is longer. So if you're 58, you got to take it out substantially equal for 5 years from then in your 60s. If you're starting at 50 years old, you got nine and a half years, you're going to be taking that. But it's called a 72(t) distribution.

The other thing is there is a back to Roth opportunity, no matter how much money you have, where you can convert to a Roth from a traditional, but you have to pay taxes. So, it's about do you have offsets? Like, that's a good time to do the charitable trust. You go back to a Roth that offsets the taxes because you got a tax deduction from the charitable trust. Or if you go through all these tax strategies when you're like, "Man, we have so much here." That's a time to make that conversion. So at least in a better environment inside a Roth instead of traditional. But the 72(t) is definitely something that would work. What about reducing taxes of W2? I heard about uh W8. Don't know anything about that? No. I mean, there's like five main strategies as a W2. Um, some of these ones work. There's solar credits. There's different credits you can get into. There's index, uh, harvest loss, right? Where you basically instead of putting your money in an index fund, you buy you buy the same stock as the index fund. As losers, you sell the losers, keep the winners, and you get the tax loss harvest even when it's growing. I mean, there are strategies like that. It's just not as much that you can take income strategies that we're talking about here, but all the exit strategies definitely could work as well. So, let's see. The charitable trust an option for retirement cash flow? Well, yeah, absolutely. If you have the asset, you could in retirement, you can definitely get substantially equal payments from that trust that come to you through your entire retirement. So, it could be a great.

option. A lot of people do that. Um, let's see here. Roth, not UK, so can't use. Yeah, like it's a little bit different in each place.

Um, so, uh, what the Rockers do, Killing Sacred Cows, Money Masters are my most popular books, uh, out there. How long do you take to understand 80% of what you're talking about? How long did it take you? Like I mean I know that I'm doing a lot of this stuff but like Mark's got an entire program. If you're like I want to understand this you have all step by step week by week she'll help you with this. Like it's a lot that we're covering right now but for me when you get the tax navigator in this program I come in and teach in the program sometimes we slow it down because we have a little bit more time. Like you know Mark saying hey I want you to give them so much I want you to go full out. Don't hold anything back. So that was kind of the premise of today. I know can be a little overwhelming but you know if you're in the IT recordings if you do hear about what he does it'll help you out.

What network would you recommend starting a trust? So that's a great question. There's two types of trust. There's revocable trust and an irrevocable trust. I think almost anyone should have a vocal trust because it avoids probate. It keeps your assets private. It says what you want to have happen. It's a it's an act of love for your family. And a revocable trust can be very inexpensive, especially in today's world. We I partner with attorneys so we can provide them very very efficiently. But irrevocable trusts are when you're going to have estate tax issues. So in the United States that's $15 million. That's an asset protection trust like a domestic asset protection trust. And it's essential because if you don't have one, you're going to pay way more in estate tax than necessary. And the thing about estate tax is even billionaires don't have to pay if they start their trust early enough. Estate tax is an act of delay and defiance instead of just being proactive. That's why I would say it doesn't even take a million dollar. You don't have to be worth a million dollar a million dollar a trust and really protect your assets. It's crazy that people like Prince and James Gandalfi, they died without a trust, which means you can see exactly what their assets were. Or the guy, you know, Howard Hughes, the aviator was about, you know, when he died, almost all of his wealth was destroyed. It took 20 years for the courts to decide what to do with it. It was given to his cousins. Think about what courts can do to money in 20 years to destroy and decimate or annihilate it only means 10% down.

Let's see. Can you show the best way to get into cash flow life insurance at 50 years old? We're gonna start now and build the cash value quickly. Yeah, you know, Mark and I have a partner in that side of things that is absolutely brilliant. He'll give you resources um because he'll do an analysis. He'll go through underwriting to make sure like what works, how to design it properly because how you design it really matters, especially 52, but um yeah, there's absolutely something that we can help with that and you'll get more on that later.

Let's see. What's the best corporation to set up for rental property? It depends on how many rental property is what the overall strategy is. The most common because look, I'm not an attorney, but I've looked at a lot of stuff. The most common is an LLC, but that doesn't mean that that's the best. You have to look at each individual situation. Sometimes you might have a managing partner or general partner so you want a limited liability partnership or family limited partnership but typically you'll see a lot of LLC's in the real estate world.

If you're retired right cash I rate reduce tax on it. Uh if you have other assets absolutely you have other ways other assets there's plenty that we could do. Um if it's if that's all you have it's a little bit more difficult but if you're retired your home's paid off there's way to get equity out of that home without taxation. There's ways to then invest that in very tax efficient manner that creates deduction so we can start taking money out of that area. This is the Mark Moss wealth engineering model. We always look at velocity. We always look at the picture. We always have assets sync and so many financial people get silos and they go you can't or can't do that. Only looking at the one tiny asset and so like well what other strategies can we bring together to add on to make it all work. So that's a great question. A lot of questions in here so that's good.

Uh, let's see any of these strategies to reduce tax on last profits. The amended returns could be possible for last year. Amended returns depending on what's going on there credits could be something you go back and potentially do. Um, but most of the time at this stage of the game I'm just going to have you for taxes which I don't necessarily recommend. Sometimes the best bet is just to pay it, make the mistake, learn and then don't do it again.

Um, let's see. Well, I'm going to review this for a little bit. There's a lot of questions coming. I'll be doing, you know, session later on with Mark where we can get deeper on the case and stuff like that. But the first priority here with tax is get your team. Got to have a good team. This takes us so much time to bet these teams, bring the people in because so many people might start good. They might be great at first, but they get bombarded with because everybody tells them how good they are. Everybody refers him and all a sudden they're not going to get hiring. So they go from being proactive and allied to being like can't get hold of them. They don't do this stuff on time and it becomes really frustrating. Or if they're really going to get bought out by a family office, they go, "Hey, you just have to work for one family. I had a tax attorney." They then work for a multi-billion out of Colorado. So I can never be my tax attorney anymore. And find someone else. That can happen sometimes. But most most people are filing 900 to,000 returns a year. So they're not really good at tax strategy. They're busy as a commodity filing these returns. You've got to have tax strategy, right? The attorney is essential. It's it's amazing how many people see that either have the wrong corporation or no corporation at all or they don't understand all the reclassification of income because that makes the biggest difference. This is probably where two-thirds of your tax benefits are. And most of that comes from the attorney. the cost aggregation engineer especially after the big deal built up in the United States became even more beneficial with all the bonus appreciation that comes out.

So, all I want you to do is number one, every time you spend money, money, money, money, money, money, money, money, money, money, I go, could this relate to my business? If it's a certain yes, you just document. If it's I don't know, you meet with your tax team and ask about it. I'm going to go through with the tax navigator, make sure you have all that. So, you can go say, hey, here's a few strategies we covered. 132J, writing off the maintenance of everything around the gym and everything to your house that make it able to employ 28G running out house, you know, 189A pass deduction, qualify business deduction, that help you lower your taxes for you personally, the winging if you have business outside of your state, so you have to pay tax. These are all great things. There's so many more. Everything the simple things like paying your kids, they just keep raising the price on that. But you got to like that's a big advantage. You pay your kids for things they actually do. So, you can actually teach them and they get paid at the same time. And it's just over $15,000 a year if they're 18 and under. They can be completely tax free to them, but fully fully fully fully fully fully fully fully fully fully fully taxed deductible to you. You can still control the accounts and all that kind of stuff. That's another example. I mean, there's so many deductions that we just go through and we let AI go what deductions is this person missing and it lets us know everything that's possible. Then we look at the ones that make sense to maximize. But the classification is just where can you not take active income and have to be asset income? Where can you have portfolio income? Where can you borrow against something versus just take income? That's the big thing there. And where can we get capital gain assets? Capital gain assets are a massive advantage because you can borrow against them. You can sell them tax efficiently even taxfree. And that's what gets us through the corporation like a CC in section 122 or whether it's just having a charitable trust and then tax arbitrage. Where we spend a dollar get more than a dollar back. So if you use any of these strategies, what would it work to you? You got to look and go add these up. When we do a report findings, people go, "All right, here's what we think the range is." Even though it's $2,000 a month, maybe it's $5,000 a month in tax savings. Then you add that up, that's $24,000 a year. You're in 10%. That's another $2,400 interest just the first year. After 10 years, we're talking about hundreds of thousands of dollars. After 20 years, we're talking a million dollar. This is the money that's slipping through the tax because people put the government. They're unintentionally tipping the government because of the ignorance tax because they just don't know what they don't know. I mean, because life is busy and there's so many moving pieces. But what bigger line item do we have than the bills that go to the government? And instead of employing those dollars to a very inefficient system, what about employing them into your extraordinarily efficient velocity system where you're engineering wealth? That's the question that I'm posing. That's the consideration I want you to make. Remember, tax is one of the things for efficiency. You can live within your means by being more efficient with your means. Tax is one, interest is another, investments, protecting your downside, reducing drag and fees, borrowing against it. So you start engineering wealth. And then fourth is insurance to sign out properly. Whether it's life insurance that's like the Rockler method you replenish it because it's amazing to me that people will not have any life insurance by term only pay 1.1% of the time but we're guaranteed to die and even if we find a way to upload our consciousness to AI and not die they can consider you dead at 100 because like holy if you're old here's your money right that's a living debt at 100 that just pays out so why wouldn't we leverage that certainty benefit from that that's kind of the legacy model but it's this is the efficiency and tax and then it's where you store it efficiently where you access it efficiently and when you sell it efficiently some people pay tax on the way in they pay tax on the way out and tax along the way some people pay no tax on the way in they let it grow and they go oh I'm so smart because I put my money in IRA I put my money in 41k and it's just I'm saving all this tax I'm here to bust a bubble here if you believe that at all you didn't save any tax you merely delayed that tax unless I show you how that looks so let's just say that you have $10,000 and you put that $10,000 into a traditional IRA or 401k and guess what? You go, I paid that $10,000 and I don't have the $3,000 tax I would otherwise had. But what happened was in your ledger $7,000 of that is actually yours. 3,000 is still owed to the government. And if you want to take it out the next day and you're not 59 and a half, oops, you owe the government 4,000. You actually have 6,000. So yeah, it says there's 10,000, but how do you benefit utilize from that? And some people like, well, what if it grows heavily? Okay, well maybe let's say goes, you know, grows from 10,000 to 20,000. What does that look like? Well, it looks like $14,000 of that is yours and 6,000 is theirs because it just grew unless taxes somehow went down. And I'm here to tell you people are not your friend to tell you tax in the future. Especially if people tell you to sell your business and now you don't have a business which is one of the biggest tax benefits you've ever had and if you have kids at home when you send the Robert Dero or you pay anything that you're not getting tax credit on right so this is the problem you've lost all your tax benefits deferred all your tax to take the money out and it requires more money to live on the same lifestyle because of inflation because it's devaluing the currency and this notion of you'll be better off because you defer taxes. This is merely a delay and the government's account is growing just like yours is. And the reason these plans are so promoted and so successful is because it's a great way for assets under management. What is assets under management? It means that someone gets 1% fee on how much money comes into them from you. And this is a lie. They say they're fiduciary. They're more a douche than a fiduciary. That's my belief because to be a fiduciary like an attorney or an executive or a trustee. It means you put someone's best interest. But when I've done the studies over and over again, if you put your money in an index fund, which we're not even recommending, I'm not I'm not even pro index fund, but you put your money in index fund versus a managed fund, 92% of index funds beat managed funds after 20 years. 85% after 10 years. And if you put 1% on it, that you don't have to pay the fiduciary for doing what? Collecting the assets, taking you off, making warm and fuzzy. You've just deteriorated the value of your money. And if you said, hey, I get that cash. I want to load. I want to all say this. No, you can't do that because they're busy trying to sell a book of business for 12 to 15 times EDA. It is the extraordinary profitable business. How do you think Vanguard Black Rockck end up with so much money is because people blindly set their money aside and completely don't understand not paying any cash along the way to defer their taxes. So they never want to spend when they get to retirement. And that is the problem. We want financial independence, cash flow from assets to cover your expenses. Then you can swing the fence is what you do because every active dollar to build more assets. I want you to be finally fit. Your financial is your financial maximize your tax savings. You've created the right asset protection. So you're in a position to engineer wealth. And most importantly, I want you to have financial freedom, a place where you can enjoy life along the way, determine what quality of life looks like, and experience that now and in the future, not just one day, someday. Wealth is meant to be enjoyed. Reg, it not just the man. It's the man that lives, not just the man that has it. And yet so many people think that one day they'll finally be wealthy by following poor habits, poor mindsets, lowering velocity, neglecting cash flow, and overpaying taxes. That's not what's going to get you there. If just paying off a mortgage, having retirement plan created, you know, we wouldn't have to book the millionaire store. We're like, you know, their millions. How did you know their millionaire? Because they don't talk about money any day. They they clos. don't go anywhere they want to go. They don't have any conversations about legacy and it gets destroyed even though they have money. There's people with millions of dollars that live like poppers. There's a woman in Harlem that they had a brutal winter a few years ago when they found her cuz she didn't turn her heat on. She was dead cuz she was froze. They found $5.5 million of bear barns. That's called paper rich and and poor in life. It's just poverty mindset. Wealth is not a game where we shrink. It's a game where we grow. It's a game where it's value creation. It's expansion. It's utility. It's velocity. It's cash flow. And if we can save tax, we can reinvest into that entire system. That's the accelerator model.

Um, I hope you guys are figuring out some of these numbers. You know, Mark wanted to make sure that like you can see all the tax savings because my priority is you invest in yourself, you grow your team, then you know how to grow your assets. then you have to increase your cash flow and then you make less mistakes. You know, I'm in the world of money and when I try to do things alone back in the day, I still make mistakes. When I collaborate and I go to my team and I do due diligence, everything starts to improve and change. So, I answer some questions while Mark's coming up here as well.

Yeah. How do you make how you go back 10 years, you know, recover from all the mistakes? Just glad that you heard about it now because most people never do and they never figured out. So, if you don't have a business and you're an employee, well, there's still things that you can do. You know, there's still solar credits. There's still, you know, the index harvesting I talked about. There are other things you can do, but if you can have if you become an investor, being an investor can be a business and you start operating all the tax advantage as an investor or if you have a business, it's also definitely helpful. For singing property, when you invest a place under a trust, I always feel like having if it's an asset protection trust, that should be over everything. If it's a re a local trust, it could be the owner as well. It's just not quite as important while you're alive.

Um, if you sold your business in the past and half years and it was on an escort, is that still tax free? If you sold the past years, no, escort, it's not.

>> Don't we all wish we could have started sooner? >> The old Chinese proverb is that the best time to plant a tree was 20 years ago. And the best time to plant a tree is today. >> So, of course, we can't go back. It's not motivation talk, but it's just truth. We can't go back and change the past. All we can do is change the future. So, um, we got to focus on what we can control, and that's the future.

>> So, you want to know if you can write out life insurance premium as a business expense. Well, there's two ways to do it. It's rare. I wouldn't do it. Often, one's a restricted property trust. You grab 70% through that, but it is a little bit more risk. It takes some money. The other one is an ESOT, employee stock option trust. It becomes a management company. You can put all the money in pre tax on that as well. Those are the two ways. I don't recommend it unless you have substantial wealth for either of them.

>> I don't see your monitor on over there somehow. I'm only getting three monitors. Very interesting. Potentially useful. Thank you, Lou. ICDISC. That's an international sales corporation. If I'm doing business outside the United States in the United States, I can re bring all the money to the United States as a capital gain instead of ordering from ICDC.

Um, contributions can be withdrawn taxally free. You take for the most forks have very limited loan provisions. You have to pay back in a certain period. There's a limited amount you can get. And yes, Roth IRA contributions can be drawn pen pen pen pen pen pen pen pen pen penalty free up to 15 and a half in your LLC by your local trust. Yes, you can. Would you recommend doing with what would you recommend doing with an IRA? Typically like roll it over, get self-directed. Create an exit strategy over time.

Um, please speak more business out of state. That's a wing earning wing for Wing and NG for Nevada. It's just a specific trust where you can float income when it's not clients from your state.

So let's see. I'm selling rental property in 2016. It's too late to do a segregation for last year. If you're selling it, I wouldn't I would just you could look at a roller. I wouldn't worry about the cost aggregation last year because it's going to be it's going to be more effort than it's worth. Which book would you recommend to read to learn more about this trust? Uh, what is talking about the trust? 24 days for tax advantage. What else would you suggest? I mean just a hundred things that I mentioned earlier.

>> All right. Get him out here. Get him out of here. Get him out of here. Tax Jesus, Utah Jesus, whatever he is. Uh, give it up for Give it up here. Get some applause, Drew. Get some applause going for him. Get some applause. Get some applause. There we go. All right. All right. All right. I know that was like drinking from a fire hose. Maybe you get a couple drops of water in your mouth. It's like drinking from fire hose. But, as I told you from day one, at the end of day one, I repeated it on day two. And I'm going to continue to repeat. We're not holding anything back. It's not one of those seminars we're trying to like hold things back. We're trying to get it all to you. And and honestly, as I've already shown you and demonstrated, I've been trying to like how can I compress it enough where I can give them enough? Obviously, we can't get it all you like. I need to strike back and that's one out of dozens and dozens that we could keep giving you examples for. And Garrett, again, we're not trying to like firewall pay wall this, like here's like a here's like 12 15 strategies you can go use right now, but you had to write it down really quick. So hopefully you guys are taking your notes uh really really quickly. Uh you can think about those um and uh you can go back and and figure out how to apply those later.

Um, I will tell you just just so you know, just like I've kind of said like all these different financial assets are tools in the toolbox. So what tool do you want? I don't know what job are you trying to do. And so what I just say is that these all these strategies are different tools for different things, for different purposes, things like that. But also the adviserss you have on your team are for different purposes. And I'll just let you know that you know to build a wealth engineering strategy like a Michael Sailor strategy, we have to build a team that knows how to build that. And I'll let you know that you certainly need an accountant and you certainly need a CPA, but those people are not going to help you do any of the things he just talked about. You need them, but they won't be able to do what he said. You need somebody else on your team that can help build strategy. And then they tell the accountant and the CPA what to do. Think of it like a conductor of an orchestra. The conductor of an orchestra isn't playing all the instruments. They know how to make each of the instruments play together. Can we a little bit? They get all the all the instruments to play good together. They don't even have to make they don't know how to play instruments better than individual people, but they can make them work. So, you need a CPA, you need an accountant, you need a bookkeeper, but they can't help you do this. You need a tax strategist on top of it. And so that's what we're trying to help you do is try to become that that uh the conductive orchestra.

Now uh you don't need to jump online and figure out what's going on. I'm going to tell you how you can get Garrett and myself to help you do all this. As he said, we work together. So we're going to work together. Do you want to figure out how we can help you do all this? We're going to get you there. But I do just want to hit on a point real quickly because I know for as I already said for a lot of my international people, you're thinking like, oh shoot, you know, that's that's all great and good and whatnot, but like how does that help me because I live in a different country. I don't have that available to me, etc., etc. Well, what I want to say just real quickly is that uh as I already said earlier, sorry, we got a little technical difficulties. I'm trying to get figured out here. Hopefully that's something we'll get figured out. Uh but um I want to say that for my international members, this still applies because what we're trying to teach you is the strategy. Don't get caught down into the weeds thinking of the strategy. We need to think you like a strategist. So he gave you ideas of how to save a lot of money. By the way, uh did you guys write down a lot of $50,000 ideas just in that session alone? How many $50,000 ideas we get? Give me a number. Two, four, one, zero, 20, whatever. Drop in the chat real quick. I'd love to see that just from his presentation alone or maybe a total amount you can save. 50 grand, 20 grand, 100 grand, 700 grand, 10 grand. Do we have the chat going? Let's say 75. It looks like it's being filled up, but I don't see it. Okay, there we go. 50 10 a million 10 three So we got ask too question 100 All right, we should be coming back. We got audio. You guys hear me now?

>> Yeah. >> All right. All right. We're back. We're back. We just been talking so long we killed the batteries. It wasn't some big IRS conspiracy. Trust me, the batteries died because we was giving too much value. Uh, we got the screen up now.

>> Yeah. Okay. We got uh BMD. Boom. Now you got it. All right. I don't really have any slides to share right here, but I just want to get that work. Okay, so what I was saying is um uh I'll repeat myself. Um I'm all for uh donating and helping. As a matter of fact, the only reason I even care about money, the only reason I even talk about and focus money, money is not the goal of money as a means to to the end to what end. I like money to help other people and give my family options. That's the only thing I care about money for. Help other people and give options. So I support orphanages. We raise 400 grand for I support in Mexico. I give people all over the world. I get a lot of money to my church. I do all these things and that's not on the back. But my point is I'm all for charity. I'm all for help people with their money. But have you seen what the government does with money? Have you seen all the fraud that that's being shown? 77 billion in California alone. Have you seen that? So, like I I'm going to pay as much as I legally have to, but I'm certainly not going to pay any more than I legally have to. Uh, let me keep my money and I'll help other people with it and uh and uh you know, I don't need to pay where I need to. But, anyway, so we saw a lot of numbers being put in there. That's really good. But the key thing is is you guys put those numbers. I saw the 50,000 100,000 200,000. Now, if I take that 200,000, that's money that I found in my couch cushions. That's back in the old days. I'm old. Back in the days when I got married, I used to do a lot of cash and my wife loved doing the laundry because she'd always find all kinds of money in my pockets. Now, I don't care anymore so she doesn't get that on credit cards. But, you know, when you find that found money in the laundry or you find that money in the couch, we find that money we know we had and then we start to accelerate that. We start to double it, triple it, quadruple all those things. It's amazing.

Okay. Now, what I was just going to say is that um you know, Gar all those things against the strategy, but if you're thinking, "But I'm in Canada. I'm in the UK, I'm in Australia. Uh my tax code is completely different. Doesn't even apply to me." In many cases, your country has better tax incentives than the United States. Let me show you what you mean. I told you my story yesterday when I went to China this year and I started asking around. I did my research and I was actually surprised. The Chinese tax code is almost is very very similar to the United States. And in some ways, it's even better. They even have more tax incentives for tech and R&D and stuff like that. But let's first talk about depreciation. So depreciation is what allows us to write off against our income. Depreciation capital expenses. So Garrett showed how we can do that, how it works in the US, writing off assets over time, cost aggregation, bonus appreciation. But if you're in Germany, you can write off 70% of your investment in year one, 70%. Using their new client balance creation, you get special allowances. That's three times faster than the US. If you're in Canada, the 25 budget just introduced immediate 100% expensing for manufacturing and productivity equipment. If you're in the UK, we have something called full expensing. It's unlimited 100% first year ounces on qualified plant machinery. No cap. No way. If you're in Australia, small businesses get instant asset right off to $20,000 per asset. New Zealand just a 20% investment boost. I could go on and on and on. It's not my point. My point is most countries are about the same. Most tax codes are about the same. They may call it like in the United States, Michael Sailor are called preferred shares. In the UK, they're called preference shares. The same thing. Okay? Okay, so we're trying to teach you the strategies. I want to teach you how to fish. I'm not going to show you how to put the bait on in every single bait. The United States actually has one of the least generous R&D programs in the develop world. Singapore, you got a 400% handuction on first 4,000 bar spend. Australia has 43 and a half% funal tax offset for small businesses. Mean you have no tax liability. In Canada, 35% funal credits federally. Germany 35% funal credit for SMMES. So my point is again, I don't want to go into all the details here, but you get it. This applies doesn't matter what country you're in. It's the strategies, the principles. I say principles are few methods are many. Principles work everywhere. Debt is never taxed everywhere. Unrealized gains are not taxed. No sound again. This no sound again. Well, that's probably from before. Uh, depreciation, capital all bounces, they accelerate deductions, arbit spread, leverage, multiply trace, compounding returns. This is universal.

Okay. All right. So, what we're going to do here is uh I know it was a fire hose. And you know what? Maybe I'm a little bit mean. I want to be a fire host. I want you to hear about all the opportunities that you have to go crush it because it's not just like one or two things. If you don't get those one things right, I want you to see them all. All right. So, here's what we're going to do. I see some of you said you're exhausted. I see some of you said it was just too much. Here's what we're going to take a little break cuz I want to take all this information and I want to show you how we can implement because again the knowledge without the implementation is worthless. I'm not inviting you here for educ I'm not inviting you here for just education or entertainment. I'm inviting you here for transformation. So we're going to do a small group uh breakout right now. We're going to take lunch and VIP. Let you guys get a little restless rehab. Take your 10-minute break, whatever. Drink some coffee and then we're going to come back and get ready for limitation. Okay. But let's do 15 real quick. We're going to do this uh let's do 10 minutes. We're going to do two questions together. One, what's your biggest opportunity? All right. What did you discover in session 56 in my multiply session in Garrett's tax session? What did you discover that could be worth 500, 100, 500,000? I saw you guys put a bunch in there. Hopefully you have those written down. What did you discover section 56 by multiplying tax that could be worth, you know, that could be worth 5 550, 100, 500,000. And then what would be in the next five years? Be specific. Name the number. Say it out loud. Then you're going to say, what's your biggest concern? What are you worried about when it comes to implementing this? What's the thing that makes you nervous? What's a potential barrier that could block you from achieving this? All right, we just spent last whatever, three hours getting your mind blown. I see you guys, right? You're all in the same boat. So, be honest. Share numbers. Share the concerns. Okay. And again, no judging, no no back stories. Let's just go around shoot real quick. As a matter of fact, let's just do it in uh let's do 8 minutes. Barbara, can we get back for 8 minutes? Actually, actually, you want to do it? Let's do five minutes. Let's just do this real quick. Rapid fire. Rapid fire. Five minutes and we're going to come back. Felix, think about every poor decision you've made in your life. There was more emotion that was involved in it than there was mine. Every single one of them. Your feelings keep you in bed. Your mind tells you get up.

>> Do you feel like getting up? No. Do you feel like making that cold call? No, you don't. Do you feel like doing that third set of reps? No, you don't. >> If you can't control your own brain and your brain controls you, you got to tell your brain where you want to go, how you want to go, how you want to get there. >> See, it's easy to be on THE BOTTOM. IT DOESN'T TAKE ANY EFFORT TO be a loser. DOESN'T TAKE ANY MOTIVATION TO TRY IN ORDER TO STAY DOWN THERE AT A LOW LEVEL. BUT IT CALLS on everything in you, ladies and gentlemen. YOU HAVE TO HARNESS YOUR WILL TO SAY, "I'M GOING TO CHALLENGE MYSELF." SOMETIMES I HAVE TO PULL MYSELF OUT OF BED. COME ON, LESS. THINGS I KNOW I SHOULD DO, I DON'T DO. THINGS I SHOULDN'T DO, I DO. I FOUND THAT THE BIGGEST ENEMY YOU HAVE TO DEAL WITH IS YOURSELF. IF YOU DO WHAT IS EASY, your life will be hard. But if YOU DO WHAT IS HARD, your life will be easy. Too much is given much required. Don't worry about it. BECAUSE IF YOU DO WHAT'S REQUIRED, YOU WILL GET THE REWARD THAT GOES WITH IT. TIRED don't mean nothing. Tire is only in the mind. Take yourself tired. Don't be tired. I'll get tired. >> Take control of yourself. Take control of your emotions and figure out how to move forward. I don't care how small it is. I don't care how miniscule the movement is, but make movement. Move forward and do that every single day. No matter what >> you got to focus on the result. You got to focus on what it is you are gaining, not what you are giving up. >> You're talking about will now you're not talking about everything part. The rest of what we have today and tomorrow is the implementation part. So today we're talking about implementing tomorrow. We're going to build a plan. So, the two two pieces of that, but let's come back. Hopefully, everybody's getting back in. I see everybody's coming back in the room here. Drop a fire in the chat if that was a valuable conversation in your uh in your breakout room. Do I pick my chat back up, please? My chat back up. Drop me a fire in the chat if that was a valuable conversation. Fire. Fire. Fire. Fire. Fire. Yes. Yes. Yes. Yes. All right. All right. Now, if I can, please, if I can hear from a few of