AND INVEST IN

AND INVEST IN A WELL DIVERSIFIED PORTFOLIO, MUTUAL FUNDS AND ETFS. A STOCKS, MUTUAL FUNDS AND ETFS. THAT'S A POOR PERSON'S TEACHER. THEIR FATHER OR THEIR FINANCIAL PLANNER. I'M NOT SAYING IT'S WRONG. YOU KNOW, IF YOU CAN'T MANAGE DEBT, LIVE DEBT FREE. THE OPPOSITE SIDE OF THAT IS LEARN TO HANDLE DEBT. BECAUSE IN 1971, THE DOLLAR OFF THE GOLD STANDARD, THE US DOLLAR BECAME DEBT. SO THAT'S WHY MY RICH DAD SAID, YOU BETTER TAKE A COURSE ON REAL ESTATE, LEARN HOW TO RAISE CAPITAL, INVESTING, LEARN HOW TO BANKER ABOUT GETTING DEBT AND THEN USE THE REAL ESTATE TO PROVIDE CASH FLOW. NOT INCOME CASH FLOW. SO TODAY I OWN WHAT 15,000 RENTAL PROPERTIES. EVERY MONTH LET'S SAY THEY PAY ME 200 A MONTH. 15,000 TIMES 200. I WASN'T GOOD AT MATH. BUT THAT'S MORE THAN SCHOOL TEACHERS MAKE A YEAR. EVERY YEAR I'M JUST ADDING MORE ASSETS. LIKE I'M SELLING MY HOUSE DOWN THE STREET HERE. THIS IS AND UH WITH THAT HOUSE, I'M GONNA BUY TWO SURGERY CENTERS IN UH INDIANA AND THOSE SURGERY CENTERS, IT'S NOT BIG, BUT I'LL PUT 20,000 A MONTH IN MY POCKET EVERY MONTH. $20,000 IS NOT A LOT OF MONEY. BUT I ALREADY SO IT'S NOT HARD THE MATH ISN'T HIGH. I OBVIOUSLY I FLUNKED OUT OF HIGH SCHOOL TWICE BECAUSE I'M STUPID. BUT I DO A GOOD TEAM. I CHEAT. LET'S CALL IT CHEATING. I'VE MADE A SO THAT'S WHY IN YOUR PODCAST HEART KNOCKS HEART KNOCKS IS EVERY DOWN. BUT YOU GOTTA STAND UP AND MOST PEOPLE NEVER FALL DOWN. THAT'S WHY THEY DON'T LEARN ANYTHING. IT'S WHEN YOU LEARN SOMETHING RIGHT. US. THIS YEAR BEGAN ESTATE. WE'RE IN THE PROCESS OF ACQUIRING OUR SECOND PROPERTY RIGHT NOW. GOOD AND I WANTED TO ASK YOU FOR SOME ADVICE FOR ANYBODY TO EQUITY. WHAT'S THAT WHAT'S YOUR DEBT TO EQUITY? WELL SO UH 4.1 MILLION DOLLAR PURCHASE PRICE UH DOWN PAYMENT IS 1.2 MILLION. SO YOU'RE RAISING 3 MILLION. YES. GOOD. THAT'S GOOD. I WANTED TO ASK YOU HOW MUCH CASH FLOW ON THE PROPERTY. I THINK WE'LL FOR A COUPLE WE'LL LOSE A LITTLE BIT OF MONEY AND THEN IT'S A VALUE TO WHERE WE'RE GONNA HAVE TO LIKE THE FACADE SOLD YOU THAT DEAL MAN. COMING A LONG WAY OFF. I GOT LOOK YOUR PROGRAM IS CALLED HARD KNOCKS. GOT SUCKED AND DON'T WORRY YOU'RE BIT OF MONEY BUT YOU'LL MAKE IT UP IN OVERTIME YOU CAN ADD TO IT. THIS STUFF IF IT DOESN'T MAKE MONEY DON'T BUY IT. AND YOU STAY THERE UNTIL YOU MAKE MONEY. BUT THE THING IN IS REAL ESTATE AGENTS. YOU KNOW THEY'RE NOT THE BRIGHTEST GUYS ON EARTH. BUT THEY'LL TELL YOU THAT YOU'LL MAKE IT AND YOU CAN ADD TO IT. STUFF. WOULD YOU PUT THAT IN WRITING? YOU CAN'T GUARANTEE YOUR CASH FLOW. WHO WILL WHAT YOUR INCOME SHOULD I SAY REAL ESTATE FOR DECADES. HOW MUCH WOULD YOU SAY IT'S CHANGED IN YEARS GOING INTO NEGOTIATE WITH BANKS TO GET LOANS AND TO LEVERAGE THAT DEBT. HAVE YOU SEEN A LOT IN THE AND IF SO OF THE BIGGEST TACTICS THAT YOU USE TO NEGOTIATE WITH BANKS WELL QUESTION BECAUSE THE GAME CHANGED. REAL ESTATE HASN'T CHANGED. I CHANGED. AND THE SMARTER CAUSE YOU GOT MCCRORY. HE'S THE SMARTEST GUY I KNOW. SO IT COMES DOWN TO CHEATING. YOU WANNA HANG SMARTEST GUYS OR SMART GUYS OR WOMEN IN THERE WITH I DON'T GO IN THERE WITH IDIOTS. DOES IT MAKE SENSE TO YOU GUYS HERE? I WAS A RUGBY PLAYER ON THE FIELD WITH SOCCER PLAYERS. THE RULES OF THE GAME ARE DIFFERENT. YOU KNOW IF I PLAYED SOCCER PLAY RUGBY, I'D BE KICKED OFF THE FIELD. YOU KNOW SOCCER THEY PLAY RUGBY HAHAHA