The Broken System

It's not a coincidence. Your retirement plan wasn't made with you in mind! Discover how the system is broken and how to fix it. To learn more about many other financial and retirement topics, visit https://compoundinterest.com/ and take the life-changing financial study course, "COMPOUND INTEREST: THE RETIREMENT YOU DESERVE" free of charge! Don't delay, start your financial education today! Remember, Always Be Compounding™!!

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Transcript

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Good evening, everyone. Curtis right here from beautiful Gilbert, Arizona, for another live webinar. All things compound interest, all things money, talking about your retirement, the things you need to do, achieve the financial freedom you're looking for. Today's webinars about everyone ends up poor the broken system. Why up to 99% of the American population and of downsizing their retirement and how you can avoid that. That's what we want to do is get the knowledge necessary to make the decisions you need to make in order to achieve abundance in your life and things like that. That's what we want to do. So as always, we're going to start. I would like to invite you to get out a piece of paper and a pen. I want you to take down notes when you have thoughts, when you have feelings about things that you're learning here, I'd like you to write them down. We're going have a live session of question and answer at the end of this thing, so stay tuned. Write down any questions you may have during the presentation. If I don't answer them and then you can ask them live during at the end of the presentation. So it's about everyone ends up poor. We're going to talk about some pretty hard things right now, some pretty difficult situations, things that maybe, you know, things that you thought you knew, things that might not be right, that you were taught. So come open minded, come ready to learn, challenged the things you already know. Because a lot of people think they know things. And unfortunately, statistics tell us that up to 99% of the population, that downsizing, which shows us that the system is broken. Now you are on a path to downsizing, most likely. And we want to do everything in our power to make sure you don't have the inevitable fate of millions of Americans that end up downsizing. So let's get rock and roll no further deal. Here's the agenda today. We're going to pull up. Who am I? Why does everyone end up poor, secure, compound interest? What are your goals? How do we achieve the goals you have emotional versus best 401(k) versus the MPI strategy? What is the solution? Always be compounding and then ultimately future webinars. That's what we want to do. So we're going to move forward with this MPI Unlimited lives today, September 1st, 2022. Now we are going to get rolling on this. Who am I? My name is Curtis Ray from Gilbert, Arizona. That's my beautiful family right there, married with five children. I am the CEO of MPI® Unlimited So we have a company, a financial services company called MPI®Unlimited based out of Gilbert, Arizona. But we are licensed in all 50 states, so we are across the country helping people achieve the financial freedom they're looking for. I am the inventor of the MPI strategy, the MPI. It's a financial it's a premium financial strategy that uses a lot of different things to enhance your results, making that you have the opportunity of achieving financial freedom. Through the guaranteed securities of life insurance, growth potential, the stock market, and then leverage multiplying the amount of money working for you so you can achieve the results you're looking for. I'm also Two-Time bestselling author. We're going to talk a lot about my book. Everyone Ends Up Poor. That is the name of the book right here. Everyone Ends Up Poor. We're going to talk about it, what it stands for, what it teaches you, and ultimately how you can use this knowledge to achieve your best future. I also consider myself a compound interest expert. I have spent the last eight and a half years of my life studying the phenomenon of compound interest. Why Albert Einstein called it the eighth wonder of the world the most powerful force in the universe. And how you apply this phenomenon to your life. Because once you get compound interest in your life, everything in your life can change your your mood, your confidence, all the things you're looking to do in your life. Achieving the goals you want are found inside of a financial concept called compound interest. We're going to talk about that a little bit. And then also, if you want to go to my TikTok channel, I am TikTok verified over 75 million views, 1.6 million followers. I post videos there every single day, financial little nuggets on how you can achieve financial freedom and ultimately achieve the results you are looking for. If you would like to follow me on social media, please text the word social to the number 30500. If you take out your cell phone right now and text the word social to the number 30500, I will send you my TikTok channel, my Instagram channel, my Facebook channel and my YouTube channel. So if you text social, you can follow me on all the different social media platforms. YouTube is where all my long content is. TikTok is my short content and then Facebook and Instagram a little bit mixed of all of them together. So we would love to have you as followers learning all the different things about compound interest, about retirement, about the various things you want to do about your money. Because financial literacy, financial education is the path to financial freedom. You cannot achieve financial freedom without first becoming financial literate. So that's what we want to do, is make sure that every American, every person has the opportunity of achieving financial literacy and financial knowledge so you can start making your best decisions. Today we're going to talk about everyone ends up poor. Why does everyone end up poor? Did you guys know up to 99% of the American population downsize in retirement. That means in retirement you. Currently, 99% of people on this, right now. We have a couple hundred people on right now. 99% of you are currently on a path to downsizing, meaning you're going to get to retirement, whether it be at 50 years old, 60 years old, 70 years old, 80 years old. Or maybe you never retire because of your current relationship with your money, because you are currently following financial influencers, financial advisors, CFP, CPAs, various types of financial professionals that might not be giving you the best financial knowledge. Or maybe emotionally providing you with things that are mostly make you feel good but not actually good for your best future. When there is a 99% failure rate, it's something that shows us right then and there that is completely broken. Something is wrong. Something is wrong. We live in the most powerful, richest country in the world and 99%, give or take of the American population, do not achieve the financial goals that they have set, set up when they were 20 years old or when they first got married, they got their first job. We've got to change that. Everyone ends up poor. Everyone ends up poor. Why? Because of a thing called emotion. We don't talk about your emotions real quick before we go there. There is a path to well, there are four different paths to wealth that the more the foremost common path to wealth we're going to talk about right now. The first one is winning the lottery. How many of you are going to win the lottery? Raise your hand. If you're going to win the lottery, probably no one. No one raised their hand because we don't want you playing the lottery. We want you winning the game. We don't want chance and and luck being involved on your path to wealth. So let's just scratch that one out there. We don't need the lottery. We need that. We need to put in the work and find ways to produce winning. Second thing is inheritance. Maybe you get lucky, maybe grandma dies and leaves you a couple of million dollars. That is a very small probability. Also. Why? Because we've been told that by term insurance, we've been told to do things that don't make a lot of sense for generational wealth and providing financial freedom for generations to come. Those first two are interesting. Did you know people who win the lottery and people who get an inheritance typically spend all of it within three years, on average, within three years, even the people inherit or win. Millions of dollars end up dead broke. Everyone ends up poor, even the people win the lottery and or win an inheritance or receive an inheritance. So we can't count on those two. We got to remove those from the equation so those really don't produce long term wealth. The next one is make a ton of money or start a business that makes a ton of money. That one takes about about 5% of the American population end up having long term businesses that provide them long term wealth. How many people are capable or how many people have small businesses that are making seven figures? They're just making tons and tons of money. Unfortunately, that's not a very probable path either. So you've got your three paths right there, win lottery, inheritance or be really, really, really good at making money. Unfortunately, those don't pan out very well for very few people, and that's one of the reasons why so many people end up dead, broke or poor in retirement is because they're banking on winning the lottery or someone's going to die and give them a lot of money, or are they going to start a business that unfortunately has a 95%, give or take failure rate. So how do people actually end up rich? How do we bypass this phenomenon that 99% of you are going to end up broke if you don't change your relationship with money? There's a little secret to wealth and it is called compound interest money making money. The phenomenon of your money going out there working for you, making you money. You work hard for your money, but your money can always work harder than you. That is the phenomenon. Why Albert Einstein called the eighth one of the world the most powerful force in the universe. This is what compound interest looks like. It starts off slow and then it accelerates as time goes on. It is money making money. Did you even know that money can actually work for you? Make you money with no effort on your part. A lot of people say, I get your money working in real estate or this or that, but that's you working for your money. That's not your money. Working for money. There is a difference between compound interest, real estate interest, investment interest. You've got to understand the phenomenon of compound interest because compound interest, if you understand it, as Albert Einstein put right here, I'm going to get ahead. Compound interest is the eighth wonder of the world. He who understands it earns it. But in order to understand and achieve compound interest, you got to understand about time. Time is the thing that matters, because if we were able to teach children or young adults that compound interest was the truest and most simple path to wealth. Every single person can end up wealthy. Everyone ends up rich, not everyone ends up poor. Because what ends up happening is this is what ends up happening. Money making money at an accelerated pace over and over and over. As time goes on, everyone ends up rich who gets into compound interest. So how do you get compound interest? Why, if it's such a phenomenon, why if it's the most powerful force the universe, the eighth wonder of the world, why does everyone not do it as quickly as possible, as much money as possible? Why? Because it's not emotional. Hey, we're going to go back to that emotion thing a lot in this presentation. It's not emotional, it's mathematical, it's scientific. It's money making money and get out of the way. You do not want to be involved. You want money working for you, doing the things it knows what to do. And that is to multiply, to expand, to accelerate. So why does no one follow compound interest? Are very few people actually in their lifetime achieve compound interest? There's a very clear reason, and it's this quote right here, “The greatest shortcoming of the human race is our inability...” of understanding compound interest or “...our inability to understand exponential functions”. That's the ability of something to double on itself over and over the expansion of something we literally are biologically created to not understand. Making long term decisions, compound interest, exponential functions is this ability to be able to make long term decisions. Look at the future and say, I'm going to start making my best long term decision. It is so difficult because we are wired to think about today instant gratification, what looks good today? What's my rate of return? What are my fees right now? What is all these different things that everyone tells you to do? Is all about today and very few things are about tomorrow. It's easy to sell someone on a on on a, on a diet. You know, those fads of get, get super skinny 21 days and then you end up gaining more weight. It's super easy to to sell people and things about right now in this exact moment in time on how you build today and not think about tomorrow and why no one gets compound interest is because of this right here. That right there, those two lines right there is basically about the first ten years in a compound interest account. Those first ten years do not make very much money. You've got to build it. You've got to build this foundation, this foundation like building a skyscraper where you got to pour the concrete, you got to put in the rebar, you got to do all the things necessary to expand upwards. And if you take the time and you think exponentially and you think compounding and what is my best long term result, that is the result. It begins to go up and it begins to go up very quickly. And those who are in compound interest get the eighth one of the world, the most powerful force in the universe. But basically everything you're being taught right now, nearly everything. And we're going to go over six, seven, eight different mainstream examples. Basically, everything you're being taught right now does not lead to compounding, does not lead to exponential, does not lead to the phenomenon of how wealth is built. Wealth is kept and then wealth is passed on from generation to generation. And today we're going to learn about that, why everyone ends up poor. And the solution, if you look at the title is Everyone Ends Up Poor. Why Retirement Planning is all Backwards and How to fix it. We're going to talk about fixing it. We're going to talk about the decisions you need to make in order to achieve what you actually want, and that is compounding. So emotions versus best. We're going to talk about your emotional decisions versus your best decisions because those two things are polar opposites. I know that might sound kind of interesting or kind of funny or whatever, that your natural instincts are going to lead you to not your best. The natural thing you want to do. The things that make you feel the best are the things that and it's a temporary feeling, not long term best, but the things that give you some type of spark, this instant gratification spark will not lead you to your best future in order to bypass this, in order to be able to get the actual best in your life, not just the emotional feel goods, but the actual best. The first thing you need to do is know what you want. What do you actually want in your future? Do you know? Because if you don't know, I highly recommend you put this little note down on your piece of paper. If you don't have a piece of paper and pen, go grab a piece of paper and pen and write a little note. Write out what I want. What do you actually want in your future? Then we're going to build upon that. The second thing you got to do, you got to become financially educated. Are you educated? Do you know how to get that? A lot of people just listen to other people and do whatever someone tells them to do. They're not actually financially educated. They're just following someone else's advice. Maybe they look good, maybe they drive a nice car, maybe they're rich, maybe they're really good at making money. So they obviously must be good at money. That's one of the biggest fallacies out there is someone who's rich is good at money. Maybe they're really good at making money. I know a lot of rich people who know nothing about money, but they know how to make it. They're really good at making money. So we're going to know what we want. We're going to become financially educated. Then we get to define our goals. We got to write down our goals. I'm going to save $600 a month starting in this moment. I'm going to do this. I'm going to do that. I'm going to do this and write it down and read it often. Read it once per week, make it maybe make it a Sunday tradition. I'm going to read my financial goals once per week. Then you got to be held accountable. You've got to have you and your spouse if you're married, you both got to have the same goals moving forward, holding each other accountable. If you made a goal to save X or to do this or not go into debt or not spend on that or whatever, you got to hold each other accountable or have a financial coach. Do you have a financial coach in your life? Coaching is important. Every best person in the world has a coach. Michael Jordan had a coach. Tom Brady has a coach. Tiger Woods had a coach. Wayne Gretzky had a coach. Everyone who is super successful at their trade has a coach. Even though they're the best in the world, they're better than their coach. But they're coaches. They're teaching them, holding them accountable. And lastly, be disciplined if you want to be able to bypass the everyone ends up poor. The emotional inability of a producing financial freedom long term, those are the five steps right there. Know what you want, become educated, define your goals, get a coach, be disciplined. Any one of you. If you've never seen those before or you've never heard of where you would like someone to talk to about, we actually have coaching. If you would like to text the word coach to the number 30500. We have we have coaches available right now to help you build that. Know what you want, write down what you want, define your goals, someone to hold you accountable and then someone to help you be disciplined. Throughout this presentation, I'm gonna give you a bunch of invitations to text on various things. Some people need help with this. Some people need help with that. And we want to give you every single resource necessary to accomplish your goals. So when I when it's always going to be the number 30500 and I'm going to give you a key word when you text us that key word that will tell us what to do, what kind of resource to send you. So ultimately you can achieve the goals you want, achieve the the future you're looking for. So those five things write them down. If you don't see them. This presentation will also be sent out to you at the end of maybe later tonight or first thing tomorrow morning. So you can ultimately re watch this, write down your goals, understand all the steps you need to get to achieve financial freedom. So the other day I did a little survey with a bunch of clients of mine, a lot of people I talked to and I say, What do you actually want? Is the mainstream system, the mainstream 401(k), IRA, real estate, etc., etc. Are they giving you what you actually want? What are your goals? What are your goals? Are you in a system that even has the potential of achieving your goals. And so what I did this little thing of of what do you actually want? The first thing most people said is, I want financial freedom. I want the ability to retire abundantly. I want enough money to do what I want, when I want, with whom I want. Sounds like a pretty awesome goal, right? Who doesn't want to be financial free? Raise your hand right now. You want to be financially free. Let me see some hands in the comment section. Let's become financially free. So that's the number one. People says I want to be financial freedom. Another thing people say is I want to feel secure. Curtis I'm tired of the stock market, the ups and downs of the stock market. How many people have been watching the stock market recently? Did you know your 401(k), I.R.A., Roth IRA, TSP has lost somewhere around 16 to 18% this year may be even worse if you're in Things Bed, Bath and Beyond or other type of stocks that have been being crushed recently. A lot of bad things happen in stock market. There's a lot of people want to feel secure. The next thing people said is early retirement. I want to early I want to I want to retire at 50. I want to tie 55, 45, whatever the age I want early retirement, I want to tax free retirement. A lot of people want tax for retirement because we don't know where the taxes are going to go with all of these crazy things happening, the student debt, loan forgiveness, sending money across these all these things, 28 trillion, I think now in debt, all the different debt that's happening right now, over and over, where do you think the tax rates are going to be in the future? So people want tax free retirement. I do not want to be able to hold it to the government and then be able to tax me anything they want moving forward. And then lastly, generational wealth. Those are the five most common things people told me they actually wanted. They actually wanted financial freedom, feeling secure with their money. You work hard. Don't lose your money. Early retirement, tax free retirement and generational wealth. Are you currently investing your money in a system that can even provide that? That's the crazy thing, what you actually want. Are you in a system? Does the 401k offer that? Does the IRA offer that? Does real estate rentals offer that? The things you actually want in your life? And the majority of the time is absolutely not. No, you were just doing those things because someone told you to do those things. You were just doing them because you heard someone on social media say, hey, this is going to make you financially free or make you rich, but you never actually looked at it to see if it actually will do that. So let's talk about that. Let's talk about these five things on how the traditional system are not designed. The traditional system is not designed to produce these five things. This sounds kind of crazy, right? That the traditional system that has trillions of dollars invested in it is not designed to produce what actually the people want, what you probably you want. How many of those things up there do you want? When I look at it, financial freedom, building, secure, early retirement, tax-free retirement, generational wealth. I want all five of them. How many of you want all five of them? Let's talk about how we get all five of them so everyone ends up poor. This is my book right here. Everyone ends up your bestselling book, 2018. I wrote it. I rewrote it again about a couple of months ago to to update it, to make sure it's now speaking to the public now and the things that are going on right now. So I want to talk about your emotional decisions versus your best decisions. Anyone who would like this copy a copy of this book, I'm going to be giving away a free copy. Everyone's going to get a free e-book, who's on this right now. We have a couple hundred people on right now. I'm going to give away a free e-book to every single one of you. If you text me the word book to the number 30500, it's going to be at the end of this little slide right here. But I want to give you a little head start. If you text the word book, be okay to the number 30500. You can pick up the physical copy. If you pay for shipping, I'll send you the free copy. But everyone will receive the absolute free e-book at the end of this presentation. So stay tuned. Everyone ends up for what this book is going to teach you is the difference between emotional decisions and your best decision. Because those two things are polar opposite. What makes you feel good right now, in the moment is most likely not for your best future. We've got to start making a decision what's for your best future? And here are five or six or seven, maybe topics that we're going to talk about right now that are emotional versus best. The first one is becoming debt free before building wealth. Debt free before building wealth. How many of you think becoming debt free is the most important financial decision you can make in your life? What if I told you that is not true and it's not even remotely true? And the people who push that and you know who I'm talking about say, Oh, don't worry about if that’s mathematically sound. It's emotionally sound. That is why you end up poor. You make emotional decisions. The moment you start seeing money as a tool, it's a tool. And the sharper you're, the sharper you make it, the better a could perform for you. So start looking at it. Remove the emotion from your financial decisions, and all of a sudden it's super easy to make lots of money. It's super easy to make great financial decisions and build the future you're looking for. So that's the first thing we're going to talk about in a bit. Then we are going to talk about investment interest versus compound interest, those two things are not the same thing. The world has disguised investment interest as compound interest. It's not it's not they're not even remotely the same thing. But everyone likes to convolute these things into like, oh yeah, go invest, got invest, got invest, got invest. And they neglected the rules of compounding. They neglected the inner built, they've neglected the power of compound interest to be the most powerful force in the universe producing unlimited wealth from generation to generation. That is not what investment interest does. And you got to know the difference between the two and when you know the difference, it's really easy to start making your best long term decisions. Then we're going to talk about net worth versus financial freedom. Everyone loves to talk about their net worth. How much are you worth? How much money are you worth? How much money do you have? Very few people talk about financial freedom. Financial freedom is how much income your net worth is producing you. It's really cool. I love the real estate guy, so I got $3 million in in real estate. How much income do you get off that $3,000 a month? That does not sound like financial freedom. You're a millionaire over there in that real estate world and you have no money, no financial freedom. It's very important to understand the difference. Compounding fees versus decreasing fees, tax deferred. Your CPA all day and every day and twice on Sunday is going to tell you to defer your tax. Why? because it's emotional win right now. Is it really what's best for your long term future? We're going to we're going to talk about that qualified retirement planning versus early retirement. Those are two completely different things. That one's going to blow your guys' mind. They love to use the word qualified. It sounds like it's special, right? Yeah. Qualified to do a lot of really bad things for you. That's basically how it works. And then lastly, term insurance versus permanent insurance. How many people have you heard that? Buy term invest the rest. Term, term, term. Watch out for permanent. It's the worst. Well, unfortunately, that leads to everyone ends up poor. All those things on the left side is basically what mainstream financial planning is giving you every single day. And the results are very clear. Around 99% of you who followed that to the T are going to end up dead broke in retirement. Statistics are clear with a 99% failure rate, give or take. Why would anyone follow a system that has such a poor success? Because it's emotional. We are being emotionally manipulated. People are telling us what to do. And in it pulls at our heart. And we was oh, yeah, we got to do that because I'm feeling something right now. No, we're going to make goals. We're going to become financially literate and we're going to set those goals and we're going to accomplish those goals. So you could start achieving the financial freedom you deserve because you work hard. You deserve this. Every single person wakes up in the morning, most of us right? Wake up in the morning. We work our fingers to the bone. We are doing everything we can to make sure our kids are taken care of. We've got all the things we want. And then you get to 60, 65 years old and you end up poor even when you did everything correctly, but not today. So if you would like a free copy of this book, guys, everyone would like a free copy of this book. Take it, read it today. Tonight, after this webinar, it takes about three, 4 hours to read text the word book to the number 30500. It will be the most important financial book you ever read in your whole life, because it is the only book in the world that I'm familiar with that breaks down why around 99% of the American population downsize in retirement. Everyone else likes to go the other direction. Oh, build your net worth. You've got to invest. You've got to do this. You got to do that. But no one addresses the truth. And the truth is that even doing that, around 99% fail. We've got to fix the problem. There are solutions to every single problem. When you understand what your problem is or what your goals are, what you actually want in a retirement plan. Now you can start building a retirement plan that suits your desires, what you actually want, and what most people tell me to be financially free. So let's go on to the first thing. I'm going to run through these things relatively quickly. We're going to go from debt free to wealth building. How many people here have heard you've got to get debt before you should start building wealth? You know what I'm talking about? Debt. Debt, debt, debt, debt, debt is the worst. You're stupid. You're shameful. How dare you ever go into debt? You're the worst human being in the whole world. They're selling you fear and emotional manipulation because it's so easy to sell. They're building $100 million businesses on the ability to make you feel bad, to emotionally manipulate you, to buy their books, go to their conventions, do all the different things that make them money all off of fear and things that you didn't need. All you had to do is start understanding how wealth is built. We got to build wealth. Wealth is how we get to the future we want. So it's emotionally focused. It is simple interest. Did you guys know that? Simple interest? I love when people say, hey, don't pay compound interest anyone. No debt, simple interest. And when you pay simple interest, when simple interest is your focus, you neglect compound interest. You're neglecting the most powerful force, the universe, the eighth wonder of the world, your giving up the reward for something that feels good. And don't get me wrong, we want to be debt free and we're going to eventually be debt free. But it does not supersede the ability to make money. We've got to start making money. Wealth building is financial freedom focused? How do I build something that's going to pay my bills and my lifestyle? How do I build something so I can stop working? Or I can at least have the freedom of time to do what I want, when I want, with whom I want. We got to start thinking financial freedom. It is compound interest earnings. We are going to look at how we are getting our money, making money, our money, making money as fast as possible, our money making money so that we can ultimately retire on the day we want. And then lastly, we're willing to pay simple interest. If you can pay simple interest while you're earning compound interest, that's a good trade. I know, but simple interest makes you feel bad. Oh, I'm paying the bank. I'm paying this. I'm paying that with your money. If your money can make more money than what you're paying, that is a wealth building tool. Now, it is an asset to you to not pay off your debt. I'm going to give you guys a quick example. Real quick, we're going to go to a quick compound interest calculator. If you are any of you go to compoundinterest.com you can go play around on this calculator compoundinterest.com and I'm going to give you an example of a 30 year old a 30 year old who has about $40,000 in debt and that 30 year old has two options. The have an extra thousand dollars a month to dedicate to something. And some people are going to say take all thousand dollars and pay off your debt. And it's going to take about ten years to get there. You're going to go pay off debt and it's going to take ten years to get there after all the interest and everything. And then you can go and start building wealth. Another side is not to no pay. Half to your debt, half to compound interest, pay the minimum to your debt, and in 20 or 30 years you'll be debt free, but pay the minimum. So let's look at those two scenarios. Let's go a 30 year old to 60 and they're going to put $500 a month to their debt and $500 a month to their compound interest account. And at 60 years old, their retirement income is projected at up to $95,880 per year every single year for the rest of life. So they built they built wealth of up to 100 a close to $100,000 by paying the minimums to their debt and then going do the other half for compound interest. And that was the future. The other way is to get out of debt as quickly as possible and then all your money going to a compound interest account. It's going to take this individual about ten years to get out of debt, paying $1,000 a month. So that's starting at 40 years old till 60, saving $1,000 a month. What is the result?$72,000 a year instead of $96,000 a year?$72,000. Both ended up debt free eventually, but one was focused on building wealth and the other was focused on getting out of debt as fast as possible. We do want to get that debt. Don't get me wrong, we want to get out of debt. We want to do it simultaneously as we're building wealth. When you're making an extra $24,000 a year and you're 60 years old, retired, and you live to, let's just say 85 years old, that's 25 years of retirement. That's an extra $600,000 of retirement income, financial freedom. You get a spend because you understood that you want to start building wealth as quickly as possible while you're paying off your debt. Does that make sense, guys? It is a mathematical equation. Pay your simple interest to start making compound interest. Both are going to end up debt free. But one ends up with about projected$600,000 of more compound interest. Do you know how many more retire more vacations you can take with $600,000 or how many more special memories with your family, your grandkids, things like that, with an extra $600,000 on the exact same amount of money out of your pocket, but used correctly wealth building rather than emotional debt free building. Okay, so that's the thing, guys go to compoundinterest.com if you want to run your own numbers but wealth building is the long term play. Debt free is the everyone ends up poor and $72,000 a year is not bad. It just was not your most efficient use of your money. The next thing I want to talk about is investment interest versus compound interest. I'm going to ask you guys a few questions here. Investment interests, risk base. How many of you heard the term, “No risk, no reward”? Not a very good retirement strategy. No risk. No reward does not lead to a very secure retirement. We got to remove that of our brains. That is not a very good concept. Remove it out of your brain. Risk based has a problem and that is it's seeking the highest rate of return. Very emotional, guys. Very emotional. How much rate of return do I get? That's that's one of the number one questions I get from employees. What's my rate of return? Not what's the result, what's the ending? How much retirement income do I get? Do I achieve financial freedom, all the actual things you actually want. But you've been deceived and manipulated to believe that your rate of return is what matters most. Because it does not. But that's what investment does for me. No risk, no reward. I want the most return. Show me how I get there. Not today. Because the problem is it slows down as time goes on. When use it as the retirement plan. As you guys can see from that red line right here it sprints the beginning. We want the most rate of return. And then as you near retirement, conventional wisdom is to slow down. You got it now become secure. You can't have a no risk, no reward mentality during retirement. So traditional stocks and other investments begin to slow down. They run, then they jog, then they walk. Sprint, run, jog, walk. How many of you have run track before or swam before or done anything competitive? Would it be a good race plan to sprint the first lap, run the second lap, jog the third lap, walk the fourth lap? That is how your retirement plan is built. How many of you knew that your 401(K), IRA, Index Fund, mutual fund, ETF things built inside the stock market traditionally follow this plan. Sprint, run, jog, walk and ultimately producing around 4% income. Did you even know that? Has your financial advisor or your CFP even explained to you that although you are getting around a 10% rate of return on average historically right now in your 20s to 50s, by the time you actually get to retirement, your finish line, the end result, you're going to be somewhere around 4 to 5%. And when you get there, it will be devastating because that ends up being give or take your retirement income. So you go from ten, eight, six and four and then you end up with the thing called the 4% rule, a compound interest retirement plan does it reverse. Security based. It doesn't matter if you start off a little bit slower as long as you're protected, because when you're protected, you can then enhance it. As long as you're protected, you can do things, feature the benefits to accelerate it. So as time goes on, it has the most consistent returns and then it can speed up over time. And then it goes from around a 6%, 6 to 7% rate of return in the beginning up to 8%, and then can exceed 10% at the finish line. That is what you want to do. Jog, run, sprint. Your retirement, your financial freedom is all based on the finish line. How fast were you running when you finished the race? Has anyone ever explained this to you? Has your financial advisor ever explained this to you? The answer is most likely not because I don't know any of them that do. That's why this book right here is pretty much the first book written that explains this and why everyone ends up poor. Why the 401(K), IRA, Mutual funds, index funds traditionally are not very good retirement plans because they're investment plans, not retirement plans. They are designed to sprint, run, jog and walk traditionally as a retirement plan ultimately producing really low results. Which one do you think is better designed as a retirement plan? The Red Line or the Black line? You answer that right now. If you were to put your money somewhere as a retirement plan for the best long term result to achieve the result, you actually want ten, 15, 20 years from now. Which design would be better suited for you or which design do you believe would produce better results? It's a question to answer now. When I talk about net worth, net worth versus financial freedom, I love this one. We're going to go on a player on a calculator right now and your mind will be kind of blown right now. I'm going to show you in real time, real, real live action what I just showed you about the sprint, run, jog, walk thing. It's open knowledge. It's public knowledge, everyone. It's available to everyone. But people don't know what they're looking at because their financial advisor CFP potentially never even explained it to them. Net worth is how much money you have or how many assets the value of the assets you own. Okay, I've got $3 million in net worth. I got $1 million in net worth. I've got that. Everyone typically focuses on net worth. Why does it feel so good? It feels so good to say I'm a millionaire. I've got $15 million in net worth right now. It feels really good. It's a brag at the it's a look at me big flex. But is it in your best? I don't know. We're going to talk about it's a lot, it's paper rich real estate guys love to talk about how much real estate their portfolio what their portfolio is worth because it's a big flex. It feels really cool to say that, but it's all on paper. What does it actually produce for your future? It's investment focused typically, but financial freedom is the amount of money your money is making. So how much money is your portfolio producing? If you had 3 million, your portfolio inside a real estate and stocks and this and that and it's only producing you $75,000 of income. That's not financial freedom typically compared to how much money you have on net worth. That is not a lot of money to spend your financial freedom numbers. How much money you get a spend off of your net worth. You've got to understand those difference because once you start seeing that, your number one question is going to be, what is my financial freedom number? How much financial freedom does it bring me? I don't care how much it makes me. I wanna know how much my money makes me because that's the money you get to spend. That is your retirement income. It is spendable passive income. The true amount of financial freedom is the true amount of money you get to spend every single year securely, year in and year out for the rest of your life. That is how you achieve the do what you want, when you want, with whom you want. And that's how we get there. Spendable passive income and secure compound focus, not investment focus. What is the best long term? How do you accelerate? How do you get to that 10%, 12%, 15% rate of return at the finish line, not at the starting line. We're going to go right now and play around on this calculator right here. Who can read that up there? Investors dot Vanguard.com. I do this a lot in my lives because I want you guys to see the difference between net worth and financial freedom. We're on this calculator right now. Look right there. We're on Vanguard dot com retirement income calculator. Your retirement story, they're not even hiding it. This is your retirement story. How much spendable income you are projected to have during retirement. Let's say you were 25. You did it right. You started early. Let's say you want to retire by 62. You're going to save for 37 straight years every single year. Year in and out. Let's say you make $75,000 per year right now and you can save $6,000 a year. That's maxing out your Roth IRA or IRA every single year, $5000 or $500 a month or $6000 per year every single year for 37 straight years at a 10% rate of return. There it is right there. Your retirement story. How many people do you know that, say, for 37 straight years, every single year disciplined and gets a 10% rate of return every single year? That's what we're going to calculate right now. Check it out. Calculation, embarrassing, truly remarkable. Look at that, guys. This is projected to do exactly what it said it's going to do, make you nearly a millionaire. A projected $979,000 of cash value, of account value, of net worth. You are rich. You have $1,000,000. You achieved it. You are the millionaire next door by saving $500 a month inside of a low cost index fund. And what is your retirement income?$3,266 per month, a projected$39,000 per year every single year for the rest of your life off a $1 million portfolio. Everyone ends up poor in the traditional system of 401(K)s, IRA, it's not even hit it. It is right there in plain sight. It made you a millionaire. The investment account did exactly what it said it was going to do. It was going to make you money. But did it make you financially free? If you had $1,000,000 right now, would you think you're rich? The answer is yes. Anyone who says no to that, the answer is yes. You are rich with $1,000,000 inside your portfolio. Would you feel financially free with $3,200 a month in income? I know the answer is no. I know that. You are not financially free on $39,000 per year and that you know how many people achieve$1,000,000 in their portfolio? Around 2%. So even all of the American population, way up to 99% of them end up broke in retirement is even the ones who do make it, even the ones who get $1,000,000 inside their low cost index fund that every financial influencer is telling you to go get a low cost index fund inside of, you know, this that that index fund, this index fund, even the ones to get to millionaire status still do not achieve financial freedom.$3,266 a month. You've got to know why this happens. I'm going to go back one more time. This book right here, I want to give you a free copy because it is the only book that I'm familiar with ever written that explains how something can be so bad at its job. How can a low cost, low cost index fund that is disguised as a retirement plan be so bad at producing a retirement income million dollars, producing around $39,000 a year? This is the only book that explains it. Everyone ends up poor. Please grab your free copy. Read it tonight. Read it over the weekend. Do whatever you got to do to dedicate time to read this book. Text me the word book to the number 30500 book to 30500. And your mind will be blown that basically everything you're being taught right now leads to one path. Downsizing. We we got to bypass this. We got to get outside the traditional system of low cost index funds because Vanguard doesn't even hide it. They're not even hiding it. They know that they're index funds, not a good retirement plan, in my opinion.$39,000 a year. Not a very good retirement plan.

It is 5: 41:12

43 pm. I got to pick up the pace a little bit. So hopefully you guys like that one. Now we're going to talk about fees. How many of you have heard this saying watch out for insurance contracts, watch out for this, because the high fees, this and that, that, I'm going to show you what fees look like inside of traditional planning. Most people don't even know. They don't even understand how goes compounding fees versus decreasing fees. Most financial plans are based off of a percent of your account value, so it starts off really low because you only put in $1,000 a month or $2,000 a month or $500 a month whatever that number is. So if it's a fee based off your account value, it's really small in the beginning. So you get manipulated to believe that you're only paying right here$66 in the first year so you think your fees are really low and then they're small at first and they accelerate over time, they just exponentially grow. As you can see right here on the red line, by year ten, up to $932 per year. By year 15, up to 1700 dollars per year. By year 20 up to $3,000 per year by year by year 25 up to $5,000 per year. By the time you get to retirement, up to $20,000 per year, equaling a grand total of someone, a 25 year old putting in $500 a month of up to $300,000 paid to a financial advisor. Do they explain that to you? Most likely not. And they're going to justify. Well, I'm working for them, I’m making them money. Yes, you're making me enough money to get $39,000 of income in retirement. I still end up broke and I paid you $300,000. Then there's another way called the decreasing fee system. That is like an MPI plan. Everyone here probably knows what MPI is. I talk about all the time. It's built reverse. It's built correctly for your long term decision, not your emotional decision. It is a little bit more it is a percent of your contribution, nothing to do with your account value. A percent of your contribution, and it's the smallest at the end. So in the first year it's $490 and that's for the first five years projected. And the next five years are $308 and then $262 and then $60 during retirement, a flat rate of $60 to retirement. Which one do you believe can produce a better long term retirement? Which fee structure would you want to be in? Answer yourself that question one paid up to $300,000 long term, and your fees are the highest when you need retirement income. So up to 25 to 30% of all your retirement income is allocated to the fees during your retirement or one that ends up being a total net of around $12,000. Which one do you believe is better built for retirement? This one's the emotional one up here because it was only $66 in the first year. It was really low at the beginning, but which one actually was best for you? I did a whole video breaking this down. If you'd like that video, text me the word fees to the number 30500 your mind is going to blown. You got to be very careful who you're trusting when you get financial advice. Even from the fiduciary, the financial advisors, CFPs who talk about their talk about fees in the first year. Watch out, watch out, watch out. Scare, scare, scare. I'm going to scare you. Follow the math. What is in your best long term future is what you want to do. Now we're going go to tax deferred, tax free. How many people tell you to defer your tax? Go get 401(K) to defer your tax. Qualified plans. They call them qualified. Qualified to do what? Low retirement income, excessive fees, deferring your tax. That means you don't pay tax now. You are tax deferred, meaning you're not going have to pay tax now. Your CPA is going to love that. Your CPA is going to say we're going to put a bunch of money in 401(K) and an IRA because we don't have to pay tax and nothing against your CPA because literally his or her job is to minimize your taxes today. But is it your best future? Is it the best decision for your long term future? Are we emotionally manipulated or are we the greatest shortcoming of the human race, our inability to make best long term decisions, even the financial professionals, their inability is to see long term and advise long term, nothing against them. They're smart, great, nice, awesome people. But unfortunately, we're wired this way. How can we minimize Tax Day when you get in a qualified plan a tax deferred plan, you can pay up to five times more taxes in retirement. You didn't pay tax today and you're going to get taxed by the United States government by up to 500% more. Does that sound like a good idea? Especially when you can't control what the tax rates are going to be in the future. Does that sound like a good idea? You got to make that decision and then your financial advisor can be like, well, of course we want to do it because you're going to be in a lower tax bracket. Why are you in a lower tax bracket? Because their fees are so high and you don't produce very much income. So of course, you're going to be in a lower tax bracket because your policy, your plan, your investment, your 401(K), IRA was not designed to produce income. So if you're only spending $39,000 a year in income off that example I showed you didn't have very much taxes because you didn't have a lot of money to spend. Congratulations. Everyone ends up poor. Sounds backwards, right? Everything I'm saying sounds backwards and that is why everyone ends up poor up to 99% failure rate. But if you get a tax free system such as an MPI plan or even a Roth IRA, you pay tax. Now so you are not exposed to taxes in the future, you end up with a tax free retirement. You don't have to worry about what the tax rates are going to be in the retirement. You do not have to worry that the government going to start taxing you 40%, 50%, 60%, like some financial professionals are predicting when this when this national debt gets to 40, 50 to $60 trillion tax rates, where are they going to go? Where do you think they're going to go? If you'd like a video that breaks down deferring your taxes, I have a video, text the word DEFER to the number 30500. And you're going to learn a lot of really cool things that deferring your tax, even though your CPA told you to do that to minimize your tax today, might not be for your best future. What do you want your best today or actually achieving financial freedom? Got to answer that question yourself. Now we're talking about that qualified. I love qualified plan versus early retirement. How many of you know that you are not allowed to retire from a 401(K), IRA, Roth IRA till the age of 59 and a half without some type of penalty? There are a few exclusions that but well, a penalty of up to 10%. Those are called qualified plan. And I always think it's interesting, they call it qualified. Qualified to do what? Five times up to five times more taxes, up to 30 times more fees and a retirement income around $39,000, half a million dollars. They're qualified to be terrible. That's pretty much what I don't. It's a manipulated word. Europe, you a qualified plan. We're going to get you a qualified plan because they want you to join it where they want five times more taxes, 30 times more fees. And they want you to work till the age of 60, 65, 70. So they they put a fancy word in front of it. It's a qualified plan. We’re going to qualify to be a piece of crap. That's what basically what ends up happening. You have no early retirement potential. It's literally nearly impossible to retire early on a 401(K), IRA without some type of penalty attached to it. Access penalties accelerates over time. Your penalties get bigger and bigger and bigger as time goes on. Up until the age of 59 and a half. Early retirement plans, have flexibility in retirement, you retire any age you want. It has a surrender charge, early cancelation penalty instead of an access penalty. I’ll explain that is second and then decrease over time right up here you're going to see a little graph and it's pretty hard to see. It's not very big. That black line at the very, very bottom is hard to see. This is an individual, a 25 year old saving $10,000 a year. As you go over time at year ten or a year around year ten, your your access penalty from 401(K), IRA would be around $7,700. Then it jumps up to 32,000, 54,000, 87,000 144,000 up to $212,000 access penalty. If you were to if you were to cancel the policy, you take out all the money up until age 59 and a half and then it goes away inside of a good plan. It works the other way. You have an early cancelation penalty, not an access penalty. So as long as you don't cancel the plan, you can access all your cash at any moment in time that starts off. You can't even see it here. It's such a small in this graph, but it starts off at around 6000, $5,650 and then drops to 5000, 4000, 3000, 1000 all the way to zero in 15 years. Regardless of your age, you start a plan at 25 years old that that surrender charge, early cancelation penalty is removed at age 40. You start at 30, 45, 50, 65. So it's a timeframe, not an age frame. Which one do you believes provides you a path to early retirement, the red line or the black line? When you can access all your money penalty free, regardless of your age, you just can't cancel the plan versus a true access penalty. You want to access that money, you're going to get charged for it. If you would like to watch a video that I did on this like, I said, I'll go through this quickly. But I made a video. Text me the word PENALTY to the number 30500, PENALTY to 30500. We're going to send you a video that breaks down access penalties versus surrender charges. It's going to blow your mind that anyone would ever want to get someone in an access penalty plan if you want to retire early. And lastly, term insurance versus permanent chance by term, invest the rest, right by term, invest the rest. That's what everyone tells you to do by term investment. Term insurance is probably going to be one of the worst financial decisions you can make. Why? Why would I say that? Because it's short term security. It does protect you. The term insurance itself is not a bad decision. Just the concept of why you need term insurance is a bad decision. It's less expensive. So you're being emotionally manipulated. Oh, it's cheaper. It's cheaper. It's cheaper. You get what you pay for. It is cheaper. It is less expensive. And if you can't afford anything else, yes, you want term insurance, but there's give or take a 98% lapse ratio. It expires. It expires meaning at some point in time, age 50, 55 or 60, you no longer have insurance when you actually need it. How many people die before the age of 60? Around 2%. How many people actually die after the age of 60? Everyone. Everyone ends up dying after the age of 60. Right? And so if you were to be 62 or 65, 68, 78, you die. What happens? You just left your spouse most likely not financially secure. You are not passing down generational wealth. You have not set up your children to be financially secure because term insurance expires and rarely pays out permanent insurance. Lifetime Security. You are contractually guaranteed to produce financial security for your spouse and generational wealth for your children. It is it does cost more. There is a higher cost to it because it's guaranteed to protect your family all the way to the day you die. And they guarantee generational wealth. And that is what we want, is provide that security for everyone involved all the way to the day you die. I'm going to show you something real quick. A quick example on by term, invest the rest versus a traditional permanent policy that can produce focused on long term results of long term financial freedom. So we are going to go with a 30 year old who wants to retire by the age of 60 and wants to do buy term and oops, sorry buy term invest the rest. They have $500. They can a lot to buy term and invest the rest. They're going to go invest inside of some type of index fund $475 per month and they're going to have $25 to produce term insurance till the age of 60. At 60 years old, their term insurance expired and they invest the rest in a low cost index fund, which is projected at $36,423. So now they are not financially protected through insurance and they have a low cost and they have a low cost or sorry, a low income projected at $36,000 a year. Does that sound like a very good plan? Expired when you actually need it the age of 60 and then when you do retire at 60, it's producing 36,000, where if you were able to just put all the money inside of a permanent contract, a $500 a month, it came with permanent life insurance guaranteed for the rest of your life and a projected $95,880 for the rest of your life. It's it is one of the worst financial strategies I have ever seen in my whole life, is, buy term, going to expire, most likely invest the rest in a low cost index fund that does not produce financial freedom and not designed to produce retirement income. So there's want to show you that quick example. That's a lot better results. How would you like to guarantee generational wealth guarantee security on your spouse or your children, even if you were to die at whatever age they want, all the way until the day you die and then have up to 2 to 3 times more retirement income because you understood the power of permanent insurance over buy term invest the rest. So if you would like a if you would like a video, I did a video that breaks down side by side, really slow, methodical, researching how it actually works and what are the results. Text me the word TERM to the number 30500. TERM to 305000. So everyone ends up poor guys. I just gave seven, six or seven different examples. Why the emotional side of money, the things that get you the lowest cost on day one, not the lowest cost long term. The thing that gives you the highest rate of return on day one, not the most retirement income long term. The thing that gives you the best tax savings today, not the most the best tax savings long term, etc., etc., etc. is the many reasons why up to 99% of the American population end up downsizing in retirement. You do not need that fate in your life. You can bypass this. You do not need to end up poor. But it starts with understanding financial literacy, understanding how this game is played, understand that money is a tool. And then when you sharpen that tool, it becomes very effective. If you would like to start right now becoming financially literate, let me give you an absolute free copy of this book. Everyone Ends Up Poor. Text me the word BOOK to 30500 and you're going to learn things no one else has taught you. Why there's a 99% failure rate, give or take, how you bypass it. What is the solution to that and ultimately how you achieve the result you're looking for? So now let's go long term versus emotional. You got your emotional side to the traditional side. And don't get me wrong, it feels really good. There's nothing wrong with saving money. There's nothing wrong with deferring the taxes. There's nothing wrong with getting out of debt. There's nothing wrong with any of that it's just not a path to produce financial freedom. What is your goal? So inside of a traditional plan investment focus or compound focus, which one would you rather have after today and learning all things, which would you rather have an investment focused or the best long term focused risk or security? Would you rather be a no risk, no reward or guaranteed security for maximum compound interest long term? Ask yourself that question. Would you rather focus on your net worth or your spendable retirement income? Which one makes more sense to you? That $979,000 in net worth in the Vanguard Low Cost Index Fund or retirement income maximize the retirement income which would you rather have? Compounding fees or decreasing fees? Lowest fees on day one? Yeah. You only paid $66 or paid total of $12,000 total versus up to 300,000. Which one would you rather have? Access penalties versus surrender. Charge. Surrender charge allows you to access your your account so that you can retire early. One does not even allow you to retire early without penalties. One allows you to do whatever you want, whenever you want, with your cash value, you retire on the day you want. As long as you don't cancel the policy. Tax deferred, pay up to five times more taxes long term because you felt really good that you're able to write off your taxes today or tax free retirement income. Term insurance that's going to expire typically around the age of 60, or permanent life insurance that can be built to last forever and produce increased retirement income. Which one sounds better to you? Why does everyone end up poor? Why are you in a system that literally has up to a 99% failure rate? Are you doing it just because someone told you to do it? Are you doing it because the masses do it? Are you doing it because a financial advisor or a CFP or someone else or someone you know that's rich said you should go get a Roth IRA or 401(K) or are you doing it because you've actually done your own research and you actually understand what are my goals? Can those things produce my goals? Ask yourself that question. Take 3 seconds right now and say which column would I'd rather have? Which column em I willing to invest my time into right now to really understand how it actually works. If you would like to to to talk about it, would you like to discuss your retirement goals if you would like to understand how each of these components work and how you maximize your future text me the word MPI. MPI to 30500. That will take you directly to an MPI Certified Advisors calendar. Find a convenient time for you, talk out your goals, get a coach on your side, build your best future. Find out what is for your best, long term future, and achieve the financial freedom you're looking for. So what do you want, guys? What do you want? Got a couple hundred people out right now. Do you want financial freedom? I just showed you clearly the low cost index funds, 401(K)s, IRAs are not designed for retirement income. They're designed for net worth. So why would you ever be in a system that's not designed for what your goal is, and that's for financial freedom? If your goal is financial freedom, why are you in a system that's literally not designed to maximize financial freedom, which is spendable income? Is your goal to feel secure? Why are you in a system that has the ups and downs, roller coaster, psychotic nature of the stock market that loses, wins, loses, wins because someone told you to? That's the best way to build a retirement. I just showed you. It wasn't even on Vanguard's website. It shows it's not. But if you're if you're looking to be secure, why would you be in a system that has risk built inside of it? Doesn't it make more sense to be in something that is guaranteed to get stock market risk? Maybe you want early retirement. It really boils my blood to see a financial advisor or influencer tell an 18 year old to go get an IRA. Literally binding them to work for the next 42 years of their life with no potential of early retirement. If your goal is early retirement, you have to be in a system that allows for access to your retirement income without a penalty before the age of 60. So you've got to be in a system that even provides that benefit. If you want tax free retirement income 401(K), not going to do that for you. Ira is not going to do for that for you. There's basically two options out there. Life insurance and a Roth IRA. But the Roth IRA doesn't allow for that. Doesn't allow for that. Doesn't allow for that. So is that really the best path for you? It does. Do this. And lastly, generational wealth by term, invest the rest. Nope, generation wealth not most likely going to be achieved in that scenario. Your 401(K)s, your IRAs the heavy taxes, the heavy fees, the low retirement income, all the different problems inside of it, you're not lead to that. Typically. So what do you want? Which of those five things are something you actually want in your life? And if you actually want those things, you've got to start researching, you've got to become knowledgeable, you've got to understand how this game is played and get into a strategy that actually provides the ability to not end up poor, to achieve financial freedom, have guaranteed security, retire any age you want, save the amount of money you want, no limit! You want to why the government limits your 401(K)s and IRAs? So you're forced to work for 40 years. So you're forced to pay income tax and employment taxes, Social Security tax and all those things. They need you not retiring early. That's why they put limits on it. Be in a system that doesn't have that doesn't have the problems of the traditional system. So lastly, I'm going to I'm going to do one last example. I want to show you guys of what it looks like traditional system versus a system built on financial freedom. Let's go with a 35 old. Want to retire now? Let's go. Let's go to early retirement. Yeah, let's go. 35 years. I'm already 35 years old. You want to retire by the age of 55 and you come all in saying, “Curtis, I want to retire early, a decade earlier than my friends and family and I can save. Let's just go 1500 dollars a month. I'm going to go when I'm going to save $18,000 a year”. Look at the difference in retirement income when you're in something focused on financial freedom, even has the features and benefits to achieve financial freedom versus traditional Roth IRA, 401(K). A projected $109,000 versus $43,000. Why? Remember back in the beginning, sprint, run, jog, walk. Both these accounts have around $1.1 million in them. That's what's crazy. Both of them have around 1.1 million. One was focused on financial freedom, sprinting the finish line and the other walking the finish line. Sprint, run, jog, walk versus jog, run, sprint. Which one would you rather have? Which one gives you? Like I said, you couldn't even retire at 55 in your 401(K), Roth IRA, you know, things like that. So I want to just reiterate the idea that what are your goals? Find something that achieve your goals and go get it. Ultimately doing what you want. So how do you ultimately achieve this? What are the steps? I'm going to go back to the five steps of how you achieve financial freedom. Know what you want, what do you actually want? Write it down. Go right now. Get a piece of paper. Say, this is why I want I want to retire by 50 years old. I want to save $600 a month. I want $100,000 of retirement income. I want to spend time with my grandkids. I want I want write the wants, not the needs. Because traditional financial planning, your financial advisors typically will say, Oh, you'll have enough, you'll downsize, smaller house, smaller car, less recreation, you'll have just enough. You won't die of course you won't. But what do you want? Write it down. Next, become financially educated. I've given you multiple offers to get this book. Everyone Ends Up Poor. Text me the word BOOK 30500 get a copy of this book Let's make it happen. Make defined goals. Write them down. Understand I am going to in order to achieve my goals, I'm going to say $500,000, but I'm going to stop eating out three times a week. I'm only about one time a week. I'm going to do this, that. Write down your goals. You and your spouse. If you're married or have a friend or have a financial coach, accountability, stick to it. Follow up once a month. Yes, I did this. No, I didn't do that. I was good here. If you mess up, start over. If you mess up, don't feel shame. Just start over. Your goals can be you can mess up on a goal and to forget about it, move on to the next day. We got that. And then lastly, be disciplined, continue on, move forward. If you can do these five things and you can understand how the game is played and get financially literate, everyone ends up rich. Every single one of you can maximize the power of compound interest, maximize that ability of money, making money securely, maximize the ability to produce six figure tax free retirement income securely through the power of compound interest, maximizing the lowest fees possible, the lowest taxes possible, the least amount of risk possible, the most amount of retirement income possible. That is what we want to do. And if any of that sounds attractive to you. You have anything here? It sparked an interest in your mind. I want you to right now text me the word FREEDOM. Text me the word FREEDOM, because financial freedom is the goal. The freedom to do what you want when you want with whom you want, the freedom of time to go where you want the freedom of money. Not having to stress about the risk of the stock market, not having to stress about your life in general because you've done everything correctly, you've bypassed the emotional decisions and built on the mathematical, the sustainable that the actual compound decisions. You don't have to end up poor when there's a 99% failure rate, give or take inside the financial industry, something's broken. You know it, you feel it, you've already seen it. You see the stress your parents went through, your parents, your grandparents, all the people around you. You know for a fact in your heart that everything that everyone is teaching, not everything, but most everything everyone is teaching is based on emotional sells. How we sell someone to buy into something. But if you start looking at the facts, the numbers, how things play out, what is the data, what is the things involved? This book can do that for you. If you want to know why everyone ends up poor, why systems are built the way, how the system was even built to begin with, the trillions of dollars of management fees the financial industry gets. Get yourself a copy of this book. Everyone ends up poor. Every single person who text the word FREEDOM to the number 30500 will also receive a free copy of this book. So find your find it right now. Take your phone right now. Text me the word FREEDOM to 30500 and let's get you on the path of freedom. And once you start it, just know this. It is going to be a fight. Fight for your future. Everything's out there, distract you. Everything's out there to to get to pull you in the emotional things buy this. Do this, go here. You need to go here. You need to go to Disneyland. You need to waste money on here. All the different things out there. Fight for your future. And if you can fight for your future, you can be educated, fight for your future, save money, get compound interest working for you. You will be on the path to financial freedom and you will look back and say, that was the most important decision of your life because that was the day you got on the path of freedom. Let's make it happen. I'm Curtis Ray. Always be compounding.