think about how much you spend on your kids every month what if your dividends can replace that income you spend on your kids reets were created in the 60s so that the everyday person could build passive income utiliz and real estate but if we can work for 5 years 10 years 20 years of our life you can invest for 5 years 10 years and 20 years to put yourself in a position where you never have to work again and that is possible when you start to invest in things like [Music] reads it has to work where it has to work welcome back to circle of greatness I'm your host jiah Davis and we got to bring back a favorite I'm talking about this is by far top three best episodes we ever recorded right by numbers numbers don't lie highest viewed episode and it's all around financial literacy it's all around REITs I have to bring back Miss Ashley Fox to come break down more ways that we can make money and build well for our families Ash what's up how are you I'm doing well hey thank you for uh coming back um I'm excited how how's how's everything been with you learning and growing every day yeah every day I've been seeing more and more people getting dividends more and more people getting stocks open up accounts yes we did our first cash flow creation virtual Summit okay had over a thousand people walking out building passive income wow Brick by Brick share by share so yes we're doing it yeah what's so crazy is like you you you have a fresh view in perspective on um showing people how to get into real estate through as well as just showing people how to invest their money it's been a I want to say it's been a it's just something we haven't been learning like for years and years and years and now it's like I feel like it's starting to become more accessible so I mean the biggest thing that I think right now is like we've haven't been told how to invest right so one of the things I want you to do today look at my account cuz I've just such and such say invest do this I'm just buying stuff and now some of these things is red right you former Wall Street analyst you understand it but the reason why I love how you're doing it cuz you're showing people how to get in real estate as little as a few hundred as well as you're showing people how to just build wealth through the stock market which I think is so important so before we get in my account like why is it right why in this season do you think it's so important for us to begin to understand how to make our money work so I think the first thing is never buy what somebody just told you to buy cuz everybody's different right so you can I I know individuals that buy direct real estate and they make good money right so it's not to say that this is the best way to invest but when you feel like I don't have credit I don't have enough money I don't have the time saying no to Building Wealth is not an option so re Real Estate Investment Trust allow you to have options yeah even when it comes to stocks right like I run my company empify not everybody wants to run a business or can run a business but it doesn't mean you can't make money as a result of somebody else's business so you can start investing in a stock mark market and I think it's the easiest way to do it because a lot of people don't have a lot of money A lot of people are scared therefore you shouldn't be starting with a lot of money so when it comes to investing it's a standard not an option if you you can't spend or work your way to wealth you can't save your way there and we're great at spending and some of us are okay at saving we're phenomenal at our work ethic but there's another layer to Building Wealth where your money has a job and your and it's working for you and so I think now was the perfect time what the perfect time was yesterday but now is the perfect time because we are coming out of a recession right like the Federal Reserve just announced that they're going to start to lower interest rates which means you're going to see the interest rates on your savings account decline you're going to see the interest rates on your debt decline so when we think about real estate as a whole it's been that industry as a whole been taking a hit because interest rates have gone up so the cost of debt to take out loans to buy properties to build properties that industry is taking a hit Now is it going to be like that forever no but you have to recognize that in this moment you can get in at a lower price point so we talk about re a lot of re prices they're down right now and again it makes sense is it your fault so when you mentioned like some of your Investments are r i mean it's business like we were in an economy that was taking a hit so that means what you've invested in could take a hit now is it like that forever absolutely not but if you have the time span so you got to ask yourself when you start to buy or someone makes a recommendation what is your intention when you're buying it I know when I buy Reit I'm not trying to flip my money it's not that type of in I want to hold I want to build and I want to collect the same way a real estate investor who wants to build their portfolio and have a bunch of tenant to build passive income you got to buy your first property you got to buy your second property but you're not buying it flipping it because now you don't have the income so you have to ask yourself am I looking to flip because if that's the case you might want to be a Trader you might want to have um short-term Investments that you want to make me personally I buy and I hold I don't have time to trade but I also like passive income so when you look at your portfolio you have those stocks those Investments that don't pay dividends now those are the companies where they're taking all their money they're putting it back into the business where dividend paying Investments things like REITs dividend stocks they're making money they're making a profit but a portion of that profit goes to all their shareholders your job is to say how much of that money how much of that profit that they're willing to give me how much of that do I want and you determine that by the number of shares you have same thing with real estate how much tenant income do you want that's dictated by how many properties you buy same thing with Reit you can start and buy a Reit I own a reat that's like $10 and I'm getting 15 16% every year but I'm not doing the work now you could do the same thing and buy a property only thing is you might have to borrow money from the bank you might have to dedicate some time you might have to manage tenants and fix you got to do a lot of work and that's okay but for the individual who doesn't have a lot who does have fear who wants to build over time because this is not you're not going to get rich quick but if we can work for 5 years 10 years 20 years of our life you can invest for 5 years 10 years and 20 years to put yourself in a position where you never have to work again and that is possible when you start to invest in things like REITs yo if you're looking at this episode stop what you're doing right now go to myash flowc creation.com right now because if if what Ashley just said sound good and I'm talking about in the last one minute breaking down whether you want reachs whether you want growth stocks she's hosting a five day virtual conference where she's literally going to break everything down like you're going to leave there with REITs you're going to leave there with a open up brokerage account you're going to leave there understanding how to build wealth for your family like again you're going to get a lot in this episode but you're going to get so much more over this virtual conference so make sure you to go to the website or also click the link in the description so as what I want you to do is um if you don't mind I your professional opinion I want you to just take a look at my account maybe tell me some things that I could be doing right some things I could be doing wrong and then I want to actually I want to get in the real estate today without having to put down a a a million dollars $100,000 like you showing people I to do it with a few hundred right I got some thousands to invest but I want to also look into some stocks or reachs that you recommend so got my schwab open I'm gonna pass it over to you okay so the first thing I see is you have a lot okay which is okay but you have to know exactly what every company is doing right so I challenge you every every 90 days these companies are reporting their financials you have to make sure that they're making money that the reason why you bought them in the first place still exist and you don't have a lot of dividend paying Investments you have a lot of really great companies so I like to buy the biggest and the best companies um just because I feel like America needs companies like a apple that you own com Amazon is the second largest employer in this country right they America can't afford to let go of an Amazon but you have some of the biggest and best players from a Microsoft from a Google right so I think you have good companies but iBall te fantasy football to get benched because think what is holding you back and has been consecutively holding you back quarter after quarter you have to think I like that player over there I think I want to trade because you don't also don't need a football team to win now we if we're strictly talking about passive income you have a lot of gross stocks so ask your how am I paid with these growth stocks cuz you said I know you say dividends I get paid quarterly stocks is like you buying a property in an upand cominging neighborhood you want you want to buy it low and then you want to sell it at a higher price so it's possible some of the investment so you you got uh Apple's made you some money nvidia's been killing it if you say hey I want to take some of these gains you can sell some of these and capture the profit that you made so that's how you make your money with your gross stocks now your dividend stocks and your reats you hold them investors that want to retire investors that want passive income they're not trying to flip they're not buying a property to sell it they're buying a property in a nice neighborhood with a good tenant that can consistently and give them a reliable passive income so now I got to ask you what's your passive income going how much do you want and why do you want it so if you think about your children right you want to get to a space where it's like okay like I I think about my niece and by the time she gets to college she six now by the time she gets to college I know when I was in college an extra one1 to $2,000 might have made a difference right or when I was in high school right I needed to I want to go to prom I want to go on trips I want to do different things think about how much you spend on your kids every month what if your dividends can replace that income you spend on your kids so start to really think about what do I want to replace and I challenge anybody that's watching the first thing you want to think about what is your smallest Bill how much do you pay Netflix every month and those of you who don't have any passive income I think we get so caught up in we need thousands to invest if you're not bringing in $10 a month how about we start there if you're not bringing in $100 a month how about we start there because you're going to build over time yeah so I challenge you to think about what bill is annoying you that it's like what if I can get this company to pay for it I like to think like I own stock in Verizon Verizon pays like a 6 7% dividend how many shares of Verizon do I need to own so that Verizon's dividend pays my Verizon bill so put yourself in a position where you're listing out all your small bills and how can my dividends pay and I think for you because you do have children what does the future of your child's life look like where you're going to their expenses are going to grow and they're going to come to you and ask for money that's good so really start to think about hey an extra what it bare minimum extra what what what would you say this me on a monthly or annual basis monthly it doesn't matter I mean if I could make an extra 5K a month passively okay which is $60,000 a year yeah that means if you have a million doll portfolio y with a dividend paying you six now when you buy reats you want to look anywhere between four to 177% got it 17 four being the lowest correct but I want to get the 17 percent on but that comes with a little bit of risk those aren't the strongest and best reats that exist now they got some they got some re is that what people call penny stocks no so we're not paying the penny side game not here not here no no no but there for example if you take prologis prologis is worth over a hundred billion dollar one of the largest reeks in the world right they're Amazon's landlord so when Amazon has warehouses they don't own all the warehouses they pay rent to prist prologist pays their bills takes a portion of the money they make and then they pay you the shareholder and they've been doing that for years right so so that's considered a risk so I mean at the end of the day what is the risk around real estate I mean talk about everything has a risk but but at the end of the day pris owns over 5,000 properties right they have properties all over the world they're not new to this so when you're buying a reap it's like you're investing in an expert you're investing in a business partner that's been buying properties managing properties handling tenants and has a history of paying out passive income consistently not missing these payments to their shareholders so now it's like hey Pro just you do the heavy lifting you do the property work I got I got a business around I got kids to take care of but I want a portion of the money you make I don't want to have to manage they're not going to call me I want a portion of the money that you make so nonetheless when you buy or re that's how you got to think who is the most experienced who has the best tenants who has a good amount of properties because if the tenants paying the rent the check is coming in so if you think about doing a recession there's a reap uh called vichi right they less than $50 a share they own a lot Vegas properties right so the way I think Super Bowl you're talking about Mandalay Bay Delux you're talking about the Venetian these places when you go stay in Vegas you're paying to stay there vich is collecting the rent vich pays out dividends to their shareholders so again and the other thing that a lot of people need to know REITs by law have to pay you so imagine having a business partner that now has a law that states 90% of their profits have to go to me because because REITs don't pay corporate taxes so in exchange for not paying corporate taxes they have to give up 90% of their profits to you so the way I think is while everybody's going to the Super Bowl how much is vichi actually about to make in q1 just from everybody sing all these properties that vich owns so but during the recession during the pandemic we weren't but a lot of people weren't really traveling to Vegas Airlines were suffering like hotels were suffering so they took a hit but just recently vichi just raised their dividend cuz now the economy is bouncing back so you you want to think about opportunities where real estate has been down but who's strong who can consistently provide me this income who has a history of paying dividends and consistently giving me more every year and that's important because again they charge you more with your rent every year yeah you that's what happens with the with the tenants that they have so when you think about it get it having that million dollar portfolio and those of you who don't have a million dollars what if you and you can get that in 10 years if it takes you 10 years to buy a to create a million doll portfolio to get $5,000 a month which is 6% a year remember I said four to 17 right there are reats out there that pay a 10% dividend which means you don't have to have a million dollar portfolio to get to that but in this case if you think 6% that's a good that's a good rate right so now you're building up you're buying enough shares that'll equal out to getting you the $5,000 a month the $60,000 a year that you want so if that's your goal now it's a numbers game is that a good goal or it's kind of well it's up to you and and I and I challenge everybody watch watching how can I replace my income I how what the money that I make at my job how many shares of a re or a dividend stock do I need to own to get to a space where I choose to work if I want to and even if you get half of that even if you get a quarter of that there are people in this world that don't have $1,000 a month coming in right so so we have to start but in order to get $1,000 a month you got to get your first $10 yeah you got to get your first 25 let me ask you this so my savings account right this example I got 10,000 savings account that's everything I got to my name 10 grand in savings account I want to go put it in REITs right am I able to put the whole 10,000 but get it back if I need it or I gotta if it's locked is is this is it a thing where it get locked into a re where you can't or can I sell it at any moment so what you're describing is like a real estate fund okay which which are available to people the only difference is real estate funds usually have a minimum to start REITs I mean there most reats are less $200 you could buy a re for $20 yeah now REITs are liquid so let's talk about and liquid meaning you can easily sell it you got a property they're not liquid it's going to take you some time to buy find a buyer or a seller real estate funds sometimes have lockup periods so to answer your question it's possible that if you are investing in a real estate fund that they got to hold that money and put it to work for you so you can't take it out now a reap doesn't work like that if you take that 10,000 and you invest it and you say hey two two weeks from now which again is not again remember your buying reachs the whole for it to grow over time to collect income but let's just say you needed the money you can sell yours it's liquid now will it always be 10,000 it might not be because that 10,000 is equivalent to you buying a property is is the Val while we don't while the the value of our homes in real estate isn't listed on the stock market and you can see it all day every day if you get your home appraised I can't guarantee that your home is going to be the same value it was when you bought it got it so the the value of the price of the re can move it moves all day because you trade it like a stock it just doesn't move as fast as a stock so and I'm only asking because it's like well if your money sitting in the bank account is losing 10% annually due to inflation okay but let me stop you there one if you had 10,000 and that's what you got don't put all your money in the market got it and if you've never invested before you're probably scared start with what you're comfortable with right so maybe it's just a 100 and I again but at the so the way I think for me my my investments my stocks my RS those are my emergency fund right when I need some money I'm not going in my savings account I literally keep money in my savings account for short-term needs so for example payroll with my staff right that I keep that there but I want my money making money for me and the other thing tooing right but if you're just starting out don't take all your money now is it possible that that all 10,000 can be investor absolutely but you got to get to a level of comfort and and and in understanding that if my money is working for me I got to Let It Rock and so that's the goal so yes you can but if that's all you have absolutely not do not take all your money and go buy re but I challenge you not to keep all your money in the savings account because no matter what they're giving you now it's going to be lower as interest rates start to decline and that's also why people don't retire off savings accounts like the interest rates move so often your job is to find reachs dividend stocks that can evolve and grow as the economy grows America as a whole has always been winning it has is down times but the market is up a lot more than it is down and on average you're going to get anywhere between 8 to 10% and that's just based off a past performance of the entire American stock market so I I challenge people when you think about using a savings account I always tell people why not just own the bank buy stock in a bank because it gets to a point where your dividend on a bank stock is more than what they giving their customers in the Savings in the savings account so we're taking it to a 1% next level but when I was on Wall Street when they our clients had money sitting in a savings account it was our job to work with investors to put that money to work because when you're sitting there have $100 million doing nothing that's you're losing a lot of money so we got to start adding zeros to our money so look at that 10,000 like I got a 100,000 sitting there doing nothing for me and I got to put it to work and invest in something over time that can put me in a better position financially which one of your statements I feel like I invest no matter the cost yes I invested myself no matter the cost got it now let me ask you just cuz I'm curious I got some red in my account do I do I hope that it recovers or do I just take the L sell so I can go buy something that's profitable cuz I've been holding on to some stuff and it don't seem like it's going back up okay so I think the sun di how long are you held it I mean be honest I I'm be I been I've been negligent with this account so this been a couple years and just what you see is kind of a few years of just not okay so in 2024 you matter more that's what I'm trying to say and so does your money yeah that's what saying so if you matter more you got to start doing more you can't sit and make money and trust this I'm in your virtual event I'm going to learn all like I'm serious about this crap I'm trying to get my money right okay so first thing is just because it's red it doesn't mean that it's been red forever you got to also think where were we two years as a country right two years ago we we I mean it was it was just the other day we were in a pandemic M when everything shut down then they had to print all this money the value inflation everything went up so we talking about two years everybody took a hit yeah they're slowly bouncing back so I have this I have this like model like where I I don't you only guarantee a loss if you sell right so let me ask you a question for example you got sundow so I don't really know too too much about them but let me ask you if you bought a property for 50,000 and it dropped to 25,000 are you selling it no why not your lost money is red yeah but it's like I feel like it's I know that's going to come back at some point I would think anyway you you would hope I would hope so you got to look at your socks that way because it's like you're investing in a business so if you invested in empify and we had it down a down two years you getting rid of our stock I look at stocks a little different than I look at uh real estate you can but again let's take take real estate out the picture I invest in your company you're down two years yeah am I selling your stock depends how you feel right I hope not though cuz we going to get it back right but now you got to tell me how you getting it back publicly traded companies got to tell you if they have two down quarters of or or two years or whatever annual shareholders listen yes but they have quarterly earnings calls that you could hop on and they'll tell you how they're doing where they're going why they took a hit how they're making adjustments and it's on you to believe in that company and where it's going it's also dependent on the industry to so some of the companies I don't know all the companies in here but I give another example Amon none of my stuff is read that is the real I got Nvidia Microsoft well Nvidia has been killing it per like I got those what they grow those are like the number one the big people right so but you don't have all big people here but so even if you take Nvidia like it's still business right again like the Apple microsofts and Google I mean in my personal opinion what did my Nvidia grow does it get uh uh let's see I need to learn how to read all of this stuff okay I can teach you that too so Nvidia has gone up you made bought it at 37 $37 a share No 30 you put your cost Bas is 37,000 okay and you made you made $81,000 I made 81,000 let me see if I can make it into percent so Nvidia has grown look Nvidia is up 215% you must have got in early which is so I am bordered for 37 I I bought 37,000 yeah and you made 81,000 correct like how that else but Nvidia is new hot it's sexy what happens you know Nvidia might take it it's just they're a grow stock they're figuring it out but do I keep or do I take profit so that's up to you like where I'm where I'm currently at in my journey is I've been so here's F money guy for a long like I want but now I want something here how I think so this this is my this is how I think right so I had an Nvidia equivalent with Tesla right if you have a plan to get to to $5,000 a month $60,000 a year in dividends sometimes I sell my big gain so we talk about a 2 15% gain yeah I sell my gains I don't sell all the stock I don't sell all the shares and I buy more dividend paying Investments that can that can that can give me that consistent reliable cash flow so it really so the questions you're asking and the thoughts you have are valid but you got to you got to develop a stronger identity how long did you plan on Nvidia because Nvidia could could give you a 2,000% you know what's so crazy I heard I heard maybe Trapper or Ian talk about buying in I didn't even know I own Invidia right like I'm lit I'm at the market Mondays Nvidia I'm writing it down now you tell me I own I didn't even yeah but you got it I don't know what price point you got it in but oh on average you own a couple hundred shares you made a killing do I got anything else that I'm crushing at what uh let's see your Amazon's up 24% okay Apple's up almost 10 AMD Advanced Micro device that's up 67% but these are you buying those properties that have gained tremendously you got to decide do I want to capture the G or do I want to hold on and rock out and and that's up to you but the way I so I also challenge you we talk about buying reats and dividend stocks I would just open a separate account with Charles Schwab and keep work me through that I want to open up a separate account for my kids like walk me through that wait okay wait so I would slow you down all right I'm fast love speed okay wait first is you take your risk which is evident in your account and that's okay but now that you own Nvidia now you see you made over 215% you got to watch Nvidia right the people you're talking about showing you about investing they're watching the market you can't invest and not pay attention to where your money is 100 so because at any moment something can happen to Nvidia and your gains can drop I think I did that with an option somebody told me to buy as option I don't think I exercised exercise I'm like I think I lost but and again you got to form an identity so I'll tell you about me I don't trade I don't have the time I don't have the emotional stability I don't want to but I do invest and I buy and hold I also like passive income now are you going to get 215% on the re probably not but will you get reliable consistent passive income those of you who like the ups and downs buy the grow stocks start trading those of you some people are older yeah I like to wake up and know that I got that check coming in that's why people that get older have consistent income they buy bonds they buy dividend stocks so you got to I it sounds like you want both I want income and I like the rush I want to go but again it's not okay if you don't know what you're buying and I want my kids to be like your niece like what how do I do that so my nie I do so my so my niece in my mind in Nvidia my niece is holding it got it Nvidia is changing the game my niece is holding it how many years can Nvidia get to a space where where she can get a 2,000% return like I did on Tesla I bought Tesla in 2012 but I sold some shares bought me some more reats so it's okay to capture your gains if you made some money it's okay to hold it but you take it risk I'll give you an example when Amazon stock split Amazon stock split it dropped Amazon got as low as like $86 now it's now it's up over 50 60 70% in a in literally in a matter of year two years how much I up on my Amazon 25 almost 25% okay so you have your risk taken Investments these are your growth stocks they're going to go up and down and you're not going to get that crazy game with a boring dividend it ain't happening but you got to choose do I want the income do I want the growth it sounds like you want both and that's okay got it separate the money keep the boring money the consistent dividends that 4 to 17% you know that check is going to come that's their job REITs have to pay you passive income keep that money aside and start to build both both both accounts you say you want to get let's what can we do to get to a million doll portfolio just with REITs yeah what can we do to get to a $5 million portfolio just with my grow stocks and so I challenge you every month money should be going in this account and every month you should be going shopping what's the percentage that you say of of someone's income that you so so I'm not so I personally think you choose because based on your situation right because they they'll tell you 10% which cool but not everybody can do 10% yeah some people have bills they have responsibilities they're not able to do that so pick an amount that I know I'm pushing myself but I'm not forcing myself to feel like I don't have any money okay but I know I'm pushing myself and I challenge you even further every 90 days add more let me ask you this question so I got four kids I got oneyear old 2y old threey old 18 year old um right now do we open up an account for them right walk me through that like what do I need to do open up an account for them um I want to open up an account for them and I want to make a decision on do I do the same with monthly hey invest a certain amount every month per child like walk me through that so when you open an account for a kid you want to open a custodial account and that's essentially this exact account you have except you're in charge do I call them or I go online you can do it online you can do it online you're in charge but it's in their name when they turn 18 it's theirs right but you make the decisions I challenge you if your all your kids that get over eight or nine based off of how we've taught kids they can start to understand and do it with you so don't do it by yourself do it with your children right now when you open the account kids have have a more a longer time open button on there somewhere like that or it ain't that simple it's not that simple but it it is possible but but when you open account for your kids you need all their socials you need your social they social all right but it's it's not it's not a hard process and I got to get it done immediately it'll look just like your account and you'll see on the drop down you can go to see all their accounts so what I do personally with my niece is I invest what I have every single month I when it comes to my dividend Investments I I believe you have a you have your starting five I got a key good five reats I think it's really like a good five to 10 that exist I mean there's hundreds of reats let me hear there starting five but so so I like uh Simon Property Group yeah I'm write these now which is the number one mall operator in America um I like G&L global net leas and that's a smaller re M they're figing out they're figuring out cuz they just merged with another company but they're paying it's not Financial advice y'all she just telling me she just sharing this with me this for M but I've been I've owned that that re for years I've met the former CEO he came and talked to members that have graduated our investment programs um but I like that dividend I you can't beat that 15 16% so now the price has dropped but the way I think if if the whole neighborhood price dropped I'm buying all the properties as long as I can keep that tenant in there there long as that dividend is still coming I'm happy if it's paying more than my savings account I'm even more happy on my own realy income that re is one of the biggest and best re realy income ticker symbol o they um they ticker symbol o just a letter o oh okay um and they they own they just recently bought the bagio hotel in Las Vegas Simon ticket uh ticker SPG all right bet um I ain't fooling around just C now we going to do another episode to make sure Neo got his accounts open I promise you you going to see these um but I like gnl smaller re not as big as a prologist or realy income but it's cheap it's less than $10 they're giving out that's gnl you say okay so I got Simon I got gnl I got realyy m i own Boston uh Boston properties they're the number one real estate developer for uh workplaces so Office Buildings like we just were in San Francisco the big Salesforce Tower is owned by Boston properties um what else do I have I'm I'm ion uh e which owns a lot of experiential reats so like Top Golf Six Flags they pay monthly too um I like beichi the one that we mentioned about Vegas hotels let me ask you this just I want to sew I was wondering I'm like how is top golfer four and two three of these in every city in America because the people was funding it right well so Top Golf is the company so I don't know how top golf is running the real real estate they're paying the reap in my mind epr just collects a check they handle all the leg work and I get paid every single month but but but top golf is not their only tenant they got Six Flags they got ski resorts they own a bunch of different types of properties so the biggest thing is to know who their tenants are that their tenants are strong how many properties do they own what what percent of their leases are leased because what good is an apartment building that you own if half of the building is leased okay so I look for things like that I like to make sure that they have enough cash to cover their debt obligations um I I always look at their dividend history like when you mentioned any investment that pays a dividend I'm looking at the yield which you can find at the bottom of the chart I like that 4 to 17% window and then I look at their dividend history I like to know that every year you every quarter or every month you're paying your dividend and every year you have you have made an effort to give me extra money so companies like a realy income they've been paying dividends every month for over 25 years every month and every every year they've increased their dividend so imagine you you you buy a reat one time you buy a share one time you you've held it for 25 years they pay you every single month never miss the payment and every year they give you more wow like just the thought of that someone who's older can depend on that like that's somebody's livelihood so when you think about your kids it's like knowing my RS are taking care of my kids expenses because I made the commitment to start to build over time and to know that that this company that's their job to pay me companies that pay dividends that's their reputation on the line if they lower that dividend change that dividend or it drops or they they cut it that's a red flag right so and again because it's coming from their profits which impacts your your investment but at the same time if a company can't pay you a dividend that says something about the profits that they have with their business so now we got to look at your business wow let me ask you this um man we're about to wrap this episode it's power cuz I need to go do all of these things so I could come back and like I did all of this I want people like hey your kid birthday coming up like my daughter's birthday coming up we don't need any can somebody give me how can I get the money can they just load my account up mean my my daughter account up give a number and hey what you want for birthday buy her me the easiest way the easiest way is to I think for a person giving a gift get crystal clear on what you want what reach you want your child to have yeah and say this is how many share this is how much a cost per share however many shares you can get her let's do it and whatever checking account is connected to your daughter's account that money gets sent to you you transfer it to their brokerage account and you can just buy it there so they give me the money and then I just that's the easiest way to be able to do it I'm like that's what people should be doing like Y what you want for buy and then I think you go tell social media this is what somebody did for my daughter because again I think it's about how we're positioning it it's about because we have to get out of our mind you have to have millions of dollars to start like REITs were created in the 60s so that the everyday person could build passive income and utilize in real estate but don't have to use debt don't have to borrow money don't need a credit score don't have to do the work you could be at your job while realy income pays you every month but they're handling the Bellagio Hotel they're handling the Walgreens the Dollar General and some people want to be the the landlord and that's okay it's so many ways to build wealth my job is is to show the 99% that you cannot talk me out of your greatness we could go Toe to Toe and there's always an investment that you can utilize and the way I see it is you're going to walk into a Simon Mall anyway you're going to walk into these stores you're these companies exist where you go right because of your mere existence all I'm saying is if you're willing to give them the time the energy and the effort and your money why not get a piece of the pie and the way I see I don't care how many shares I got to own if I'm getting $10 a month for doing nothing if I find $10 on the ground I'm picking it up so you can't treat it like it's a small amount and you can't get discouraged because you have to invest more but again you either can say I'mma buy this property and I'mma borrow money but I can't do it or you're going to say I'mma do this and I'm a $10 my way to a million so I can get my $5,000 a month and live the life that I want but I again I always tell people if you could work all these years why not let these companies work for you all these years too I mean you're going to spend the money anyway and it's like we wake up and we think I'm finally financially frustrated I don't have enough and it's like well how do we start as a culture like step one everybody open up a Brokers account and you can fund It Whatever whatever you want posit your money and buy the re buy and if they looking at this episode I need you guys to go do that today then go in the comments or go tell Ashley I bought my first re I'm about to go buy her her starting five but just start as so I know you got a virtual event coming up let everybody know how they can tap in with so second five day cash flow creation Summit so we're strictly talking about everything we talk about today dividend stocks reachs how do we start how do we do it for our kids how do we start with what we have to have income forever cuz again that's their job so my cash flow creation.com five straight days strengthening mind the money the bank account and getting you into a space where you know it's possible so you can come you want to start with $100 that's what we're starting at I just want people to start get the momentum the clarity get your first check I remember like I got my first like 20 something Cent dividend all you know is that it's never going to be 20 20 cents anymore it's going to get bigger and bigger and bigger every every quarter because I'm reinvesting those dividend so make sure I don't know if it's on here we got to look turn on yes turn on your drip my drip because like right now I think you got like a little over 3,000 coming in you don't need the 3,000 hit your account invest that 3,000 and buy more shares which means your Dividends are going to get bigger every single year because you're reinvesting now you're going to get to a point you say turn the drip off I want to live off this income yeah and that's when you so we'll focus on that I'll show you how to walk through the transactions what you need to do how to understand what to buy so I'll tell you what I buy but it's most important if I'm not here who's doing this for you and your family so I want to show you we gon to buy Simon uh soon as episode so yeah so during this event couple hours in the evening um and just in case you can't come to every session which I recommend we will send you replay the next day but you got to show up 2024 is the time for us to say I know where I have been I know the mistakes I have made I don't care my credit score I don't care my bank account balance somebody's paying me this year and I deserve to be paid this year that's good powerful hey guys man another I had to bring her back y'all kept well I looked at the numbers I'm like well if this is one of the highest episodes y'all might be listening so what I'm going to ask y'all to do is go grab your re right immediately but more importantly go to mycashflow creation.com right now grab your seat I'm going to be there my wife going to be there my big daughter going to be there y'all we got to bring our whole family and everybody I know like y you need to be a part of this if you truly care about locking in and building well we'll see you in the next show um and askh let them know how they can follow you on social as well so on social media I Amore Ashley and fox Tik Tock the Ashley and fox um yeah you can go to empi.com and get your ticket to the summit mycashflow creation.com