All right, B, so Ivan says, or he asks, excuse me, he says, in a recent post, you said that money ignorance is what keeps people broke and dependent on the system. So how can people learn about how money works then? Yeah, great question.
So money ignorance or financial ignorance keeps people broke and dependent. And that is what the opposition wants. The opposition wants humans to be dependent on them.
Big government grows, pharma grows, technology grows, like the big social media platforms grow, the media companies grow when they fear monger, when they are working you and taxing you and they're hitting you with inflation, which is just another tax, by the way, right? And so when people are money ignorant, and the reason people get money ignorant, Leighton is because they grow up in households that tells them. Get a job or, you know, go to school, get a job and work and save. And so they're part of the workforce.
That worked in the 50s, even in the 60s, possibly in the 70s. But now. it's become a two-income household. Now, the government has gotten so big and bloated that they're hitting you with Social Security tax, payroll tax.
They're hitting you with inflations. They're hitting you with tax at the gas station. They're taxing the food that you buy, the products that you buy, the money that you make. They're taxing you at every level. When you put money into a bank, they hit you with so many fees and service fees, fees to take your money out, fees to put your money in, fees if you miss a little deadline for something.
Basically, every dollar that you make is getting chomped up and... eaten. The problem is most people see that happening.
They're frustrated when that happens to them, but they don't know what to do about it because mom and dad never taught them money intelligence. And so they stayed money ignorant because the household was, well, you know, we don't talk about money around here. Money, money, money is not a conversation we bring up. It's rude to bring up conversations about money.
I raised my kids. in an environment where I taught them how to make money. Chloe, at the age of five years old, she made slime, like little bags of slime, right? She put them in little Ziploc bags, about 30 of them.
And then she came to Fitness Business Summit, one of my live events, and we set up a little table for her, just like she was a sponsor. And she sold $300 worth of slime because she knew. Because I taught her that, hey, Chloe, you can say, hey, do you want me to add glitter in it?
Do you want me to add smell to it? And everything had an upcharge, right? I was teaching my daughter how to become an entrepreneur.
Same with my son. You know, I had some optics off of a few rifles that I wanted to sell many years ago when he was a puppy. And I was like, Andrew, listen, I need to sell these optics on eBay. I don't have the time or desire. It'll actually, and these are like expensive optics.
I paid like close to $1,000 for each optic, right? One's like a red dot optic. One's like a three by nine power optic.
And I'm like, look, I don't have time to sell these. on eBay, but I know that we can get several hundred bucks for them. I'm going to give you 10% if you create an eBay account and sell them. And he's like, he negotiates with me.
He's like, how about 30? And then we settled at 20%, right? So I taught him how to negotiate.
I taught him how to sell. And when you have money conversations in the house, even if you are broke. If you just start learning about money and teaching your kids about money early on, then they are not afraid of money.
They don't think that money is just for other people and not for everyone else. And so the reason people stay money ignorant is because they are told that money's bad, money's evil, we don't talk about money, it's rude to talk about money. No, it is okay to learn how money works.
And the way money works, bro, is that the government makes money. I once heard Andrew Tate say this really well. He says, you and I can't make money.
You and I can take other people's money in exchange for value. That's the piece that I added to it. And I know he meant that way, meaning you don't just go and club someone over the head and take their money.
The governments make- They literally can print money. They can make money. You and I can't make it. All you and I can do with money is give value in exchange for money.
And so then you start thinking, well, what are all the different ways I can take money from people in exchange for value? I can trade time for dollars. That's one way to do it.
My time for a certain dollar, a number of dollars per hour. I can do a service. I can have other people trading their time for dollars and therefore scale my money.
Okay, that's still creating entrepreneurship. I can have a digital course that I'm going to sell where once I do the work up front, creating the website, creating the course, running the ads and campaigns, driving the traffic for it, people can buy my course around the clock from all over the world and I can take their money in exchange for the value that the course adds to their life. Okay, great. But then when you got that.
money, then what do you do? Like what I do with my coaching I'm like, all right, man. So you do coaching, you have courses, you have an apparel company. That's awesome.
When you make the money, then you need to understand that you have to outpace inflation. So you have to outpace inflation. For example, the average person that works will get a raise every year or about every six months.
The typical raise they give is called a cost of living. raise. That is ridiculous.
That's like basically you're selling your life to another company, right? You've negotiated $25, $35, $45 an hour of my life for this company to have my life at $45 an hour. And they're going to give you cost of living raise. And so cost of living raise is somewhere between 3% and 4% if you're lucky.
So it's not even we're going to make sure you get a better lifestyle. It's just, hey, food got expensive, gas got expensive by about 3% or 4% every year. We're just going to increase our pay by that.
But basically, you're still trading majority of your life. on this planet to help build this company. It doesn't have to be that way.
Even if you are working for a company, even if you are a blue collar person where you're a firefighter, you're a cop, you have some career where you're getting a salary, you should stop frivolously spending money. It's like we wanna talk about money ignorance versus money intelligence. Ignorant people take their money and they spend it, which is why ignorant people, which is the majority, 98% of people, are just two paychecks away. from going broke, two paychecks away. Instead of keeping up with the Joneses, instead of buying something that's out of your worth right now because you can't afford it, what if you took that money and then you spent the weekends on Google and YouTube learning how to create a secondary income stream and then creating some kind of value-added service to be able to take other people's money?
So now you've got a career or a job and you are making passive income, even if it's just 500 bucks a month. Bro. That could fill up a gas tank for a car, right? Sure. Or that scales to $3,000, $4,000 a month.
Now that starts competing with someone's salary. $7,000, $8,000, $9,000, $10,000 a month. Now you can replace your job and win your...
sovereignty, your freedom back, right? Because we are humans that are supposed to be free on this planet. There are some companies that are cool to work for, right?
Like we've got the agreement that you are getting mentored while you work for me. You're adding value to my life. I'm adding value to you.
your life. There are companies like that and leaders like that are few and far in between. Most of you out there on social media world, on YouTube world, are literally trading your time for dollars, number one. If you have a business, it's your only income stream and you're probably still trading some time for dollars.
You're not scaling it by adding other people who can increase value by they deliver the service and you get a piece of it. I'd rather get 20% of the money. from 20 people that work for me than 100%. of the money that I generate, right?
Because 20% of 20 people that work for me is a larger amount of money that I'm going to get. And then when I get those profits, I'm going to use financial discipline. See, that's another money intelligence thing. Financial discipline says that I'm not going to just squander my money on buying a car and leasing a car and leasing a watch and getting new clothes that are really out of my budget.
Instead, I'm going to figure out, is crypto the place to put my money in? And I know. I know what you people are saying right now.
Well, whoa, crypto just crashed. What about FTX? What about Bitcoin? What about all the... Guess what?
Right now is when people are making money with crypto because it has hit the bottom and people like me are investing in crypto while people like you are abandoning. And make no mistake about it. I lost money during this whole FTX debacle.
I lost money. because I've got BlockFi. And BlockFi has filed Chapter 11, and Chapter 11 means that basically they're about to go bankrupt, and they're not going to give me my four or five. hundred thousand dollars of money that I had sitting with them.
That sucks. Now I could either live in fear and go see, I tried to grow money and I tried to be money intelligent and this is what happened. So I'm going to go back to trading my time for dollars or I'm going to go, guess what? That is part of the game of money.
Money is a game. So you try and add value and get money is the first step. Trade your time for dollars.
And then you try and leverage other people's time and energy to get money. And then you try and get passive income by seeing if you can create a course or a service online that you can sell around the clock to get money. And then you take some of the profits that you got and use financial discipline.
Instead of buying shit that's out of your budget that you don't need, you invest it in housing, right? Everybody needs a place to live. You invest it in housing. And you can invest it in different funds where you can get 9%, 10%, 11%, 12% interest back on every dollar that you put in there.
Right? So multi-unit. single unit houses, etc, apartments.
Crypto is another great place to put money in right now. Precious metals are another place. There's Forex. But you have to study this stuff. All these words that I just said, throughout multi-unit housing, you have to study.
What is a fund? You have to study it, Google it, YouTube it. If you leave in the comments that, hey, I don't know what this stuff is, can you explain?
If you were waiting for me to hand feed you, spoon feed you how money works and educate you, you are. are not my son you are not my daughter and so i will not do that but what i will do is i will set out the crumbs for you to follow and understand what forex is how crypto works how to buy in the trough and how to sell at the peak how to figure out where the trough is in every industry in housing in precious metals in stock in in in crypto because when you're able to do that Then you realize, man, I've got money intelligence. And sometimes it is like gambling, right?
I told you I lost about almost $500,000, right? We'll probably lose $500,000 because of this whole Forex and then... a crypto situation that took place and my money's going to disappear. But I don't take that as a kick in the shorts. I just go, hey, that's okay.
I've still made millions throughout the year. And so I'm going to count that as a loss. I'm going to write it off on my taxes. And I'm still going to keep buying crypto now that it's in the trough for sure. And I do know that it's a long term play.
And that is how money works. Awesome, man. I want to ask you this one more question, though. Because I was just soaking up the game myself. I love listening to you just go off on this.
I know how passionate you are about it. How did you, growing up in a situation where you were not well-off, you came over here and you suffered a great deal, you obviously learned how to overcome that. Excuse me, but what about the person that's in a similar situation that you were in the past?
How do they learn how to become more money smart, intelligent? Sure, sure. That's a good question. Because like you said, as an immigrant to this country, as a foreigner to this country, I grew up in Section 8 housing.
If you follow me, then you know this. Well, Then how did I gain money intelligence? I decided that I was tired of being broke. I decided there's got to be a better way than just selling my time for dollars, right?
When I was a personal trainer, I was literally selling my time for dollars. Next client, next client, next client. It's like, okay, now I've gotten a good reputation around this gym, so I can charge $10 more per session.
So now my time is worth a little bit more, but I'm still selling my life. away in exchange for time. That's when I decided that what if I can get a mentor? See, that's the answer.
Mentors. Mentors, books, and today, social media channels that not necessarily show like the chick with the booty and the guy with the pecs and the cat videos. That's the shit you're following. Invest that same amount of time that you're wasting on these goofy memes on watching YouTube videos of how money works because you have mentors available to you.
You can watch Warren Buffett. Pat BitDavid, Andrew Tate, my content. I've got 209 episodes of The Empire Show that literally says how to build an empire, how to invest money, how to create businesses to create multiple income streams.
Like go back to YouTube, go back to the podcast platforms and watch all the Empire episodes that are absolutely free. It'll give you a PhD. The problem is most people are lazy.
They want to just simply consume. They want to work and they want to pay their taxes and they want to be like the Joneses. And And they feel the suffering, the pain of being broke that is going to stress their marriage, by the way.
Money issues is the number one factor why marriages fall apart. 50% divorce rate. And of the 50% that stay together. Half of them hate each other and it's probably about money, but they don't have the money to actually divorce. How sad is that, bro?
Right? And so if you decide that, hey, I'm going to get mentors. And you're like, well, I can't afford a mentor right now.
Like one of my personal training clients, Jim Franco. He was a rich millionaire, right? So I had a built-in mentor. While I was personally training him, I was getting advice from him by asking him questions.
Well, now you can type in those questions into Google. You can type in those questions into YouTube and type in how to make money, Warren Buffett. How to create passion.
passive income streams, Pat, but David, right? And then just Charlie Munger, right? Charlie Munger on how money works.
And Charlie Munger is Warren Buffett's business partner for like 60 years. Like bro. And when you type that in to YouTube and you put their names in there and then you watch the empire show, you get the mentorship and you start making the passive income.
Then you go to the next step where you start getting a mentor in real life who can coach you and guide you kind of like what we're doing here. Like I do with my coaching clients. Then all of a sudden you go from blue collar broke to white collar wealthy.
And you can do a lot more good with money. When you have a lot of it and your cup is overflowing and you can be generous and serve people, your church, your charity, if someone's house, God forbid, got burnt down, you could be the first one to step up and support them. If you know that there's a family that's not going to have a wonderful white Christmas, you can make sure that they have a Christmas tree, that they can have Christmas gifts under that Christmas tree, that they can have a nice turkey to have for dinner.
Like you could be that guy and money is the vehicle for that.