How the RICH get WEALTHY

[Music] I'm going to unveil the Powerful Secrets on how the wealthy get wealthier without using their money and you can change your financial future with this today and by the way wait till the end of this video I'm going to show you how I made $60 million on one deal and didn't pay a penny in taxes so look while you might believe that the rich people use their money their cash their bank accounts they don't some of you have this some of you don't what you all need to do though is put this on your

list of things that you want to start working towards see what we were told to do was go to school get a job save your money buy a house that is not what the wealthy people are doing they go to school maybe Elon mus says he wants Engineers he doesn't want degrees but what can you do today well the thing you can do that I've been doing for years is I write down where I'm going what is it I need to start accumulating whether it's knowledge friends a network or something else that could actually create

wealth for me one of those things is this okay you could take your business accounts for instance I'll use my business accounts today not use the money but use debt from a bank I'll leverage this business account to actually get debt that I can write off in order to go buy equipment or expansion or advertising uh because if I simply just spend my cash I deplete my cash what I can do is convert my cash to debt keep my cash on my books and actually use money over here that cost me 6 seven or 8%

to get a 20 or 30 or 40% return it's called Leverage where I'm basically using other people's money against my bank account a second thing you can do if you don't have a business account and look if you don't have one get one and start putting money in a business account right it just needs to be something you're looking forward to in the future that you're going to start building on if you look for it you'll see it number two thing you could do you could take your accounts receivables we have 2,300 people that pay

us every month to service support to work with them consult them and train their company they're on a three-year contract 2,300 people paying us X for 36 months into the future and I can take those accounts and actually borrow against those accounts there's also places where I could actually sell those accounts today collect the money from the future pull it Draw It Forward I don't really want to do that okay what I want to do though is cuz I don't want to pay taxes on that money so I owe that service going forward what I

can do is borrow against the service I'm going to deliver in the future and I'm going borrow against that uh that's a way for me to actually use my accounts receivables to leverage and borrow money so that I can expand my company or go do one of those things that I love to do buy another company or buy some real estate okay third thing I could do this is a super hack I didn't know this until I was in a loan situation once I was borrowing money to buyy a piece of real estate and I

went in there with my credit application I went in there with my my credit score I'd done all this research to make it easy on the bank I sat down with them and showed them uh okay this is my company this is what I've done this is who I paid this is my debt and they're like bro we don't care about any of that we care about one thing your schedule of assets this is what the wealthy do okay if you've ever seen an ad fix your credit score no offense to you but I'm just

telling you wealthy people do not worry about their credit score they worry about one thing their schedule of assets if you have a schedule of assets no one will ever ask you for your credit score a schedule of asset are basically all the assets that you own could be real estate particularly income producing assets the value of it the cash flow from it and the debt involved in it okay this is called a schedule of assets which will give you FC free cash flow okay this the most powerful thing you can have in finance or

you have stocks okay what are my stocks what is the value um you'd want to know you know the the how how strong the the company is but it's over here you're going to have the dividend paid by that company you could have cash accounts it doesn't do anything okay and by the way the cash account is not something your bank loves why because they know you can withdraw that bank it's the most vable all of them you could withdraw it immediately what they want to see is regular deposit okay so rather than showing them

how much money you've saved or how much money you have in Ira or 401k or oh my God you're so proud of how much money you put away look what you really want is I'm depositing net positive money every single month in this account this is called a schedule of Assets Now speaking of schedule of Assets in real estate Banks love real estate particularly incom producing real estate I have 51 properties they want to see the income they want to see the expenses they want to see the value and they want to see the debt

and then they want to see the free income after that debt expense okay why they love real estate because unlike the cash account very liquid unlike the deposits very liquid unlike the stocks very liquid okay Banks love non-liquid assets on a schedule of assets this is why it's so important for everybody watching right now by the way if you hadn't subscribed yet do that right now you it helps the algorithm and also hit the notifications so the next time I come up live which we do once or twice a month you get this for free

and you get the notified immediately okay this is why real estate because it is ill liquid it is very difficult to get rid of I can't change my mind about it okay that's why Banks love this because it pays cash flow it's a schedule of asset it provides you and your family and your company with an asset value that's growing over long periods of time provides cash flow into the future and it's very very difficult to get rid of a schedule of assets that is strong a schedule of assets is your goal in life and

is worth more than a credit score I have never been asked in the last I don't know 20 years what my credit score is I'm sure they pull it but nobody cares about it because when they look at my schedule of assets and they see 51 properties 47 of them producing positive cash flow the positive cash flow outweighs the negative they're like dude let's give this guy some money because just off his real estate portfolio he can service this loan okay another thing you can do right here I'm just giving you things you can start

working for suppliers credit okay rather than you paying for something today once you go to your suppliers your vendors and ask them to give you 90 or 120 days on credit sell those assets this is other people's money in this case it's other suppliers money pay them later profiting you from using their money for that period of time the Ultimate Mac Daddy hack of the universe it's been used by the greatest real the greatest investors of all time across real estate stocks everything you name it the great hack the great wealth hack of all time

is called refinance firsttime Finance you might have remembered when our boy Elon mus said if you guys want me to pay taxes I need to sell my my stocks okay if you guys want me to sell my stock then I can pay taxes basically what he was saying is I have these Assets in his case it was Tesla SpaceX boring maybe uh neural link but basically he he said look guys I don't have income this is what the wealthy do wealthy people like I don't need any income what I want is a drip I want

a drip every month I want money coming in every month number two they want assets they go up in value over time that they can borrow against so rather than him taking a a um salary from Tesla he said don't give me a salary give me options in the future to buy the stock at today's price to borrow or use it in the future however you see fit so imagine this stock that he has an option to buy at 20 is down worth 266 now he could go buy the the the stock for 20 bucks

okay he would use money to buy the stock to exercise the options at 20 bucks be a smart purchase right here now that there 266 but he's not going to buy them and sell them like most people want to make a profit he doesn't want to make a profit what he wants to do is borrow maybe 50% of the 266 which is about what they give him they're going to give him $133 imagine he imagine he wants to dump a 100,000 shares okay watch how he does this 100,000 shares times 20 bucks so he needs

$2 million this how the rich think I need $2 million he won't really need it he'll borrow that from the bank Bank too by the way and he's going to get $133 advance from the bank times uh how many units did we say 100 100,000 and they're going to give him a check for $13 million taxable event zero he's taking a loan for one or two or 3% or 4% doesn't matter to him he's like I don't care what percent you're charging me I don't want to pay income and because it was a loan against

a stock that he owns by the way that he was just given under an option because he didn't take a paycheck he doesn't pay any taxes see every time you get $100,000 the government takes 40,000 from you every time you borrow a $100,000 from a bank you got the same 100,000 but you did not have to pay taxes which meant you got to use the whole 100,000 rather than only 60 Grand when you earn the income look these are just some of the hacks of the wealthy if you don't know these okay you need to

know them things like short selling hedge funds okay leveraging Forex okay all a little riskier building strong credit scores by using some of the strategies that I'm sharing with you here but remember the king of the the two kings okay the two kings here are schedule of assets and using refinancing last thing I'm going to tell you is one one time I bought a piece of property did not know this would happen to me complete error okay but it just goes to show you the possibility when you're buying great assets what can happen to you

I put 15 Mill million down on an asset and I bored $15 million $45 million 58 million put 15 down by the way this was from the sale of a house it was a big house sold a house I had $9 million worth Equity made another mistake bought a house I shouldn't have I should have been buying Apartments I actually made some money on that house but it was a mistake because what I'm going to show you right here is not how to make a few million dollars on a house but how to make a

fortune that would take care of you and your family forever okay I sold this house it was a great house I sold it got rid of it and I took all the money and 1031 it into another like Kind real estate this is a hack that the wealthy used called exchange of like property referred too many times at 10:31 1031 used to be a very very common thing they're not used as much today but they used to be used in businesses planes real estate a lot of different things okay so I took this house and

I sold this house I went and found a big apartment portfolio $58 million I put $15 million down I borrowed the total amount of money needed to do this okay and I put a loan on this for $45 million now you guys know I love real estate and if you hadn't seen my other real estate work there's actually a a 90 minute free training on how to buy real estate doing exactly this with other people's money they'll put the link below it's completely free I recorded this to share with you what I did to make

my first 3 million ion doll score this score happens to be bigger than that but if you guys want to go to that link my team will put a link below so you can hit it and go watch it when you got 90 minutes of free time I don't have enough time to do it right now check it out this is what we did we put a loan on in this place okay I waited five years at the end of five years the rents on this place had gone from $800 a month to about $1,800

a month I timed it perfectly it was 2012 and in 2018 to be precise these rents had G G up okay now when the rents went up these were 1,00 units when the rents went up the loan was almost due it was actually due a year later and Fanny May called me and said Grant you $45 million and your loans due we're going to extend the loan you're a good payer good real estate we want to give you another loan and before you start shopping around to go get another loan from another bank or Freddy

or Fanny or Hud loan wherever because when you have ass asss banks are interested in you like when you just work they know you're going to die when you have real estate assets that are going to extend Through Time long after I'm alive those assets will still be available the bank's going to call you and say this loan's coming due would you like to extend the loan we'll pull it Forward meaning we'll mature it now and give you a new loan amount I said sure look into it how much more money could you give me

they came back and said you owe $45 million we'll pay that loan off pre early okay a year early we'll pay it off and we're going to give you a check for $63 million the new loan will be $18 million and I'm like dude how can you give me $108 million I only PID 58 for the property there because your rents went from 800 to 1,800 and they've been doing that for 18 months so we're sure the property by the way I'm not even signing this loan the properties are signing the loan this is what

the wealthy do they wait for things to up then they borrow against it in the future I happen to have a great piece of real estate they did this for me I get a check for $63 million the old loan is paid off one year early literally say one year of Interest I get a check for $63 million before I close this deal with the bank I'm like I got to check and see what my my my tax my tax implication is on this and they said you're not going to pay any taxes on that

that's not money that's a loan I'm like a loan yeah a loan from the fure future of this real estate now I know it seems crazy and the reason it seems crazy is because unfortunately I didn't have anybody teach me this when I was 105 years old 20 years old 25 nobody was showing me this this is what the wealthy do okay and if you don't know what they do you don't know where they go you don't know how they hook up you don't know how they talk guess what you're not going to be involved

in these conversations okay again if you hadn't subscribed hit it okay if you haven't hit the notifications do that now that way when I come up you get it first look I want you to put some w some wealth in your pocket in your bank account on your schedule of assets hope you enjoyed this if you did please share it with somebody else [Music]