Episode 54
Stop Resetting to Zero
The reboot continues with Joe Pantozzi and new co-host Jason K. Powers setting the tone for practical, no-fluff conversations.
The principal focus of our discussion centers on the critical examination of how families manage their financial resources, particularly the often-overlooked issue of where money is allocated, leading to a loss of control over one’s finances. We delve into the insights shared by Nelson Nash, emphasizing that the essence of wealth accumulation lies not merely in the amount one earns but rather in the amount one retains. Our conversation also navigates the complexities surrounding qualified plans and the implications of taxation on personal wealth. Furthermore, we illuminate the detrimental effects of inflation on the value of money, particularly when it is effectively loaned to the government without yielding interest. As we consider the various financial strategies available, we advocate for a paradigm shift towards becoming wealth creators, thereby enabling individuals to take command of their financial destinies rather than remaining ensnared in cycles of debt and consumption.
Visit us at Alphaomegawealth.com/podcast to learn more or schedule a call with Joe or Jason
Transcript
Foreign.
Speaker B:This is Joe Pantozzi with Jason K. Powers.
Speaker B:And this is make youe Wealth Work.
Speaker B:I'm excited to have Jason with me as my co conspirator, as my co presenter, co host.
Speaker B:And if you missed the last episode, I was talking about a reboot that we've been putting together of sorts, so that I can sometimes be kept on track and sometimes be given a little bit different perspective from the point of view of someone who has been in other types of entrepreneurial opportunities that I haven't.
Speaker B:Jason's been around the block in terms of owning different businesses, and I just really enjoy the, the energy and the insight that you bring to the table, Jason.
Speaker A:Thanks, Joe.
Speaker A:Yeah, I'm pumped to be on these and I'm thrilled to death to be jumping on board with you in this venture, this new chapter for make your wealth work.
Speaker A:And I'm actually, we were just talking about this a little bit ago, how we have some exciting things coming down the line for this podcast and some good guests coming on.
Speaker A:And.
Speaker A:Yeah, I'm looking forward to it.
Speaker A:It's going to be fun.
Speaker B:Awesome.
Speaker B:Awesome.
Speaker A:Going to be fun.
Speaker A:So last episode, in case you missed it, we really were talking about the money problem most families don't see.
Speaker A:We're talking about where are we putting our money, that we're losing control of it.
Speaker A:And Nelson Nash, he said once, he said, it's not about how much you earn, but how much you keep.
Speaker A:And so that was some of the discussion we were having about, hey, where are we putting our money?
Speaker A:Qualified plans and some of the problems around that for some people.
Speaker A:And then we talked about taxes, how, how money is being loaned, Joe, as you put it, loaned to the government at 0% for a while until they finally give it back to you.
Speaker A:And how maybe we could use that better in our pockets the first time around rather than waiting for it later and then using that money.
Speaker A:Right, to pay off debt, which maybe we wouldn't have had if we'd had it to begin with.
Speaker A:It's novel thinking.
Speaker B:Talk about a vicious circle, man.
Speaker A:It is.
Speaker B:And you know, when the government takes that money and gives it back to us, it's kind of beat up and torn up because it's gone through the inflation ringer.
Speaker B:So maybe it was worth 100 cents a year ago when we gave it to them unnecessarily, and now when they give it back, it's only worth 96 cents.
Speaker B:Not only did we not earn anything because they didn't pay us any interest on the money that they Held that we gave them an interest free loan, but we also got it back minus the ravages of inflation.
Speaker B:And we could talk about inflation separately.
Speaker B:And people think that, or whoever those people are, some people think that inflation just happens.
Speaker B:Inflation doesn't just happen.
Speaker B:One of the main reasons why it happens, if not the only reason, is because the government prints more money.
Speaker B:If the government stops printing money, things wouldn't cost more next week than they cost last week.
Speaker B:I was in the grocery store yesterday and you know, one of my, one of my terrible habits is candy and, and sweets.
Speaker B:And I love all the different varieties of M&M's that they've just come out with.
Speaker B:And I looked at this party pack of M&M's.
Speaker B:I think it might have just been the, the peanut.
Speaker B:And it was over $9 for a bag of M&M's.
Speaker B:Now am I gonna eventually buy that thing?
Speaker B:Of course I am.
Speaker B:Because in some ways I'm, I'm just.
Speaker A:I've been to your house.
Speaker B:I cannot be, I cannot be rehabilitated.
Speaker B:But I'm gonna, I'm going to hold off as much as possible, first of all, because I have a pantry full of snacks, but because it's getting ridiculous.
Speaker B:Right.
Speaker B:And it is because of inflation.
Speaker B:Yeah, yeah, we, we.
Speaker A:I take my kids on Friday after school.
Speaker A:We always stop at the gas station.
Speaker A:That's kind of their Friday treat.
Speaker A:And I was just having that conversation with my 10 year old who was like, well, I want it.
Speaker A:He wanted to get something.
Speaker A:I don't remember what it was, some larger candy bar.
Speaker A:And it was four bucks almost.
Speaker A:And I was just appalled at the price.
Speaker A:And I'm like, you have no idea.
Speaker A:I'm like, we spent like 50 cents for this thing when I was a kid.
Speaker A:Like, you don't understand, you know?
Speaker A:And then all of a sudden I realized I sounded just like my parents.
Speaker B:And I was like, yes, yes, here I am.
Speaker B:You don't want to know what we spent for a candy bar when I was a kid.
Speaker B:It was, it was just funny.
Speaker A:Yeah, it was just funny.
Speaker A:Yeah.
Speaker A:So let's continue that conversation, Joe.
Speaker A:And I think the next one that comes up more often than not for most is everybody drives a car.
Speaker A:Everybody finances a car.
Speaker A:Well, not everybody, Right?
Speaker A:Some people finance a car, some people save for the car.
Speaker A:And let's have that conversation.
Speaker A:We were talking, we were talking about the three kinds of people that there are.
Speaker B:Though, is really only, only two ways to buy an item or to expense an item, or to make an investment.
Speaker B:We finance everything.
Speaker B:We buy, right?
Speaker B:And some people will push back on that.
Speaker B:We finance everything we buy.
Speaker B:We either pay interest when we borrow money from somebody, or we lose interest that we would have earned when we pay cash.
Speaker B:There's really no third alternative.
Speaker B:Now we package a model, a culture, a lifestyle, a belief system, because Nelson Nash taught that to us.
Speaker B:And it's called becoming a wealth creator.
Speaker B:And so somebody said, you know, all debt is bad.
Speaker B:Well, I have a couple of exceptions for that.
Speaker B:If I'm a bank and I lend money, then interest is good for me because I'm receiving interest, right?
Speaker B:So if I'm the banker, interest is really good and we can look at the numbers that all these banks are earning.
Speaker B:And now secondly, debt can be terrifically good.
Speaker B:If I'm controlling my own banking system, controlling my own family banking system, and I'm in partnership with an insurance company that lends me money at the rock bottom base level in the most desirable way to borrow money, which is interest only, right?
Speaker B:If, if I can borrow money against an asset that I own.
Speaker B:That's the key.
Speaker B:When people are borrowing money naked.
Speaker B:When people are borrowing money by using their future earnings as collateral, they're going to pay interest through the nose.
Speaker B:If you're going to borrow money using collateral that you own, in our case using a portfolio of life insurance policies, then you're going to pay the insurance company the interest rate that it deserves because it's lending you money against an asset, but it's lending you its money and you're going to pay an interest only rate which is typically in the area of 4 or 5%.
Speaker B:Now if we added a sweetener to that and say I get to deduct the interest on that separate conversation, consult your cpa.
Speaker B:If I get to deduct the interest on that because it's expense related to my business or it's investment related, I'm able to get a deduction and wind up paying 2.5, 2.7% net, net, net.
Speaker B:Let's not get into the weeds on that.
Speaker B:But there's a second way that borrowing could be good.
Speaker B:If you're borrowing against your own assets and exercising that through your own family banking system.
Speaker B:And now you've got two assets, you got the asset that you purchased, which hopefully is going to increase at some level.
Speaker B:And you also have the banking system that's continuing to grow in its own right.
Speaker B:So putting reminding of those three elements, you could be a debtor, you could, you could live in debt all your life, you could be a saver where you Only buy things that you pay cash for.
Speaker B:And there are some financial entertainers out there that say you should only pay cash all the time, forever, so that you'll never have any interest cost.
Speaker B:That's a blatant misstatement.
Speaker B:You will have an interest cost, but the interest cost is not seen.
Speaker B:Can you calculate the interest cost?
Speaker B:Absolutely.
Speaker B:So you can borrow.
Speaker B:You could be a debtor, you could be a saver, pay cash, never have any cash to speak of, never have any side asset, never have any capital account.
Speaker B:Or you could be a wealth creator, where you have both.
Speaker B:You have a capital account and you have the assets, the investments and maybe the lifestyle, maybe the vacations, maybe the things that you want to do in your life and you can finance those things and build capital at the same time.
Speaker A:Yeah, And I like the visual of a increasing graph or a decreasing graph.
Speaker A:Right.
Speaker A:If you have a timeline and think of the car.
Speaker A:So the debtor, it's those who were going to finance a car and then we go into debt over it and then we pay it off over time and then we get back to zero.
Speaker A:And then what's.
Speaker A:What do we do?
Speaker A:Five years is up, seven years is up, three years.
Speaker A:Whatever you're doing, however long you're keeping your car, you go finance another car.
Speaker A:So you go back into debt and you reset that timeline.
Speaker A:And the opposite, like you said, Joe, the saver does the opposite.
Speaker A:I'm going to save up when I go above that zero line until I have enough for the car and I purchase the car and then I go back to zero.
Speaker A:Right.
Speaker A:And then I save up again for the next car and I purchase the car, go back to zero.
Speaker A:And so in both of those scenarios, you're resetting to zero each time effectively.
Speaker A:And we always talk about how to be, instead of a debtor or a saver, be a wealth creator.
Speaker A:Right.
Speaker A:We call it, and be a wealth creator where you can create this financial velocity that can literally last for generations and you be back in control of that banking function.
Speaker A:You know, I always say, what would life be like if you never had to borrow from an outside bank again?
Speaker A:How much would that change your life?
Speaker A:It'd be profound if you could do it.
Speaker A:So tell me, Joe, about.
Speaker A:We were talking about rate versus volume.
Speaker B:Yes.
Speaker B:So I love the way folks will.
Speaker B:Will refer to their car payment and the only thing that they'll refer to will be the rate.
Speaker B:Yeah.
Speaker B:I went to five different dealerships and five different finance companies and this one was lending me money at 4.5%.
Speaker B:And this was lending at 7%, but I got a screaming deal at 3% on my car loan or I got a zero car loan for the next 72 months.
Speaker B:Well, what's your payment?
Speaker B:Well, the payments are all over the board.
Speaker B:It just depends on the car you're buying, right?
Speaker B:Where the truck you're buying.
Speaker B:And people aren't focused so much on the payment as they are on the interest rate.
Speaker B:And they think they, they killed a bear.
Speaker B:They think they got a big victory because they got 3% loan rate.
Speaker B:But wait a minute.
Speaker B:Your payment is whatever it is.
Speaker B:Your payment's 800 bucks a month.
Speaker B:Your payment's a thousand dollars a month.
Speaker B:Your payment's $1,200 a month because you bought an escalator, whatever you did, right?
Speaker B:And so you're still gonna going to be choking a little bit on that car payment.
Speaker B:And so this is where we talk about the difference between rate and volume.
Speaker B:People are so fascinated with getting a wonderful loan rate.
Speaker B:Of course, the lender and the dealership are giving you a screaming rate because they want to get you in that vehicle and they want to send you the fifty, sixty, seventy hundred thousand dollars vehicle and lock you in those payments because you're paying that payment.
Speaker A:Right?
Speaker B:So Kiyosaki, I believe, has a really good viewpoint.
Speaker B:I've really recommended his book for years.
Speaker B:I don't know when he wrote the book 10 years ago at least.
Speaker B:And the book is called Second Chance.
Speaker B:And in Second Chance, Robert Kiyosaki, who wrote Rich dad, poor dad 25 years ago, talks about why savers are losers.
Speaker B:Here we are trying to get people to become savers, right?
Speaker B:And here Kiyosaki is saying, well, savers are loser.
Speaker B:Why does he say that?
Speaker B:Well, because savers put money into an account that earns a very nominal interest rate.
Speaker B:The interest rate is going to be taxable.
Speaker B:So they're already going backwards.
Speaker B:They're not making much money.
Speaker B:The money that they do make on savings is being taxed.
Speaker B:And then when they go to buy a car, if they're people who pay cash for cars, they're going to disrupt that savings account and spend their capital to buy the car.
Speaker B:Now, what do rich people do?
Speaker B:In contrast, rich people go to banks where, by the way, poor people, losers, savers, accumulate their money because they believe that accumulation theory actually works.
Speaker B:I can accumulate my way to wealth.
Speaker B:It doesn't.
Speaker B:So rich people go to banks, they borrow other people's money at a great rate.
Speaker B:The rate is tax deductible.
Speaker B:They use that loan not to buy Depreciating assets like poor people are doing.
Speaker B:They use that loan to buy appreciating assets, capital assets, income producing assets, real estate, et cetera.
Speaker B:And then they're going to produce passive income, interest income, and they're going to use the interest income to pay for their liabilities, that is cars.
Speaker B:So where poor people are focusing on buying the liability because that's going to make them feel good about their life, rich people are focused on building up capital assets and then they'll use the interest income to finance their life.
Speaker B:But in the meantime, their capital asset is building wealth.
Speaker B:And it's almost hard to think about those, those two concepts in the same, the same solar system.
Speaker B:We're people looking at money for the immediate, they're not looking at building something for the future.
Speaker B:When we talk about the infinite banking concept, many people will automatically go to that and say, oh, that's what they're selling.
Speaker B:No, that's the way I want you to think.
Speaker B:See, I think in terms of what can I finance, what can I capitalize using the portfolio of life insurance policies that I have, which is dozens and dozens of policies.
Speaker B:I've been doing this over a long period of time.
Speaker B:I owned the right kind, if you want to call it such, dividend paying, whole life policies.
Speaker B:Before I met Nelson Nash, he just taught me how to turbocharge them.
Speaker B:And he taught me the value and the virtue of making my portfolio way bigger than it ever could have been if I hadn't, if I hadn't had my thinking blown up.
Speaker B:So cars are the tip of the iceberg.
Speaker B:The way we finance one thing is typically going to be the way we finance something else.
Speaker B:But now if we start to think about having assets back up the purchase now we can build wealth and still have the lifestyle that we want to have.
Speaker B:And I always use the example when we talk about Parkinson's Law and inflation and the cost of things going up, I think about the heated steering wheel in my Ram truck.
Speaker A:That's right.
Speaker B:Now, 10 years ago, first of all, I didn't own a Ram truck 10 years ago.
Speaker B:And 10 years ago I didn't know that there was such a thing as a heated steering wheel.
Speaker B:And living in Las Vegas, I never cared about a heated steering wheel.
Speaker B:Now that I live in central Pennsylvania, I need a heated steering wheel.
Speaker B:So that means Parkinson's law is just, is alive and well in my life.
Speaker B:But I don't mind paying for that because I'm financing that truck through my family banking system and I'm getting every single penny back by paying myself back for that vehicle purchase.
Speaker A:And for the listener who doesn't know exactly what Parkinson's Law is, it's really, the idea behind it is we use, Joe uses the heated steering wheel.
Speaker A:I was, I was talking to someone, I was standing there with someone this past winter.
Speaker A:We were getting ready to go out and they had the remote start for their car because there was some blizzard going on.
Speaker A:And so they did the remote start and we were both just standing there at the door staring at their car warm up, chit, chatty, waiting for a second.
Speaker A:And, and they made the comment, they said, gosh, I love this, I love this remote start thing.
Speaker A:I will never get a car without a remote start again.
Speaker A:But it was, that's exactly what I thought of.
Speaker A:I thought, well, how often do our perceived needs rise?
Speaker A:And that's our new standard, right?
Speaker A:And we'll never go back down.
Speaker A:And if our income increases, our expenses increase in correlation, typically, unless we can, as Nash puts it, whip this Parkinson's Law into shape to get ahead, right?
Speaker A:And for those of you who are new listening, we've talked about Nelson Nash, we've talked about Parkinson's Law.
Speaker A:You must pick up the book Becoming your own banker by R. Nelson Nash.
Speaker A:That is the place to start.
Speaker A:That's kind of the backbone of everything that Joe and I believe, or worldview, if you will, for finances.
Speaker A:And it's only a 92 page book.
Speaker A:It's not a difficult read.
Speaker A:Pick it up.
Speaker A:You can head on over to Alphaomegawealth.com and get a link to it as well.
Speaker A:It's on Amazon, but yeah, pick that up.
Speaker A:I think that is a foundational place to start with your kind of view on finances.
Speaker A:And what can I do different?
Speaker B:Let me throw in an additional plug from my mentor and friend, Nelson Nash.
Speaker B: Know he passed away in, in: Speaker B:And he, he inspired and encouraged and challenged us to think about every transaction that we're going to enter into and think about who's making the most money on this element.
Speaker B:I mean, if it's a house, who's making the most money in the house?
Speaker B:Is it the builder?
Speaker B:Is it the realtor, the real estate broker?
Speaker B:Is it the purchaser when they buy the house?
Speaker B:Actually it's the bank because you take a given house and look back in the history of that house, how many times has that house been financed and refinanced so right now, last, last stat I saw was that the average American refinances their house or moves every seven years.
Speaker B:I don't know if that's still accurate.
Speaker B:I think it's pretty close.
Speaker B:And so if in the life of a house, if a bank or a mortgage company refinances a house every seven years, in 100 years, they're refinancing that house 14 or 15 times.
Speaker B:And all the, all the money that they're earning in that is interest only, because the vast majority, the lion's share of your payments in the first eight years are interest only, maybe 80%, maybe 85%.
Speaker B:And so we're not thinking about our money objectively.
Speaker B:We're thinking about what payment can I afford?
Speaker B:That's my bottom line.
Speaker B:What payment can I afford?
Speaker B:We're not really thinking about our long term financial viability as a family.
Speaker B:But if we were, we'd say, well, what asset can I use to back up my system so that I'm building up capital, I'm building up wealth at the same time I'm buying or I'm expensing the elements that I want to have to support my lifestyle?
Speaker B:And we believe that Nelson laid out this model in an amazing way.
Speaker B:And he says he didn't invent it.
Speaker B:He discovered the infinite banking concept.
Speaker B:And there are other alternatives.
Speaker B:You can practice becoming your own banker using any financial vehicle you want.
Speaker B:God forbid you could use crypto, you could use cash, you could use stocks and bonds, you could use cash in a mattress.
Speaker B:Are they all the same?
Speaker B:Absolutely not.
Speaker B:But what we've done is we've proved it and done the research and done the math.
Speaker B:We've crushed the numbers, as have hundreds of other advisors across the country.
Speaker B:And I don't mind there being hundreds of other advisors because we've started to create some critical mass.
Speaker B:Now there are hundreds of advisors looking at this model that Nelson created and saying, wow.
Speaker B:I was a financial advisor for 25 years when I met Nelson, and I never was able to even grasp this.
Speaker B:It never occurred to me until he brought to my attention we did the math.
Speaker B:Smarter people than me, with way more letters after their names, have done the math and have proved that this works.
Speaker B:So the math works, the program works.
Speaker B:But I encourage people to get the thinking behind it and say, listen, use a savings account to become your own banker.
Speaker B:You'll do better than if you only finance the asset with no capital behind it, with no asset behind it.
Speaker B:And I know that's kind of maybe encouraging people to do something else.
Speaker B:And not work with us.
Speaker B:You know what?
Speaker B:That's okay.
Speaker B:It's more important that people start to exercise their brain.
Speaker A:Yeah.
Speaker B:And find out for themselves whether these things are true.
Speaker B:Because we don't have time to meet with everyone.
Speaker B:Right.
Speaker B:We only have time to meet with people who are serious.
Speaker A:Yeah.
Speaker B:And, you know, where people like vanilla and chocolate and 57 other flavors, they can meet with a lot of advisors.
Speaker B:We hope you will work with us at some point.
Speaker A:Well, and I think.
Speaker A:I think that the important thing on what NASA talks about and becoming your own banker is changing the way you think.
Speaker A:When I say it daily.
Speaker A:Change the way you think about your finances and it will change your life.
Speaker A:Right.
Speaker A:And that's my daily mantra to people, you know, constantly.
Speaker A:Like, all we have to do is talk about how are we changing the flow of our money.
Speaker A:We need to change the way we think about our finances and change our perceptions.
Speaker A:Again, we don't know what we don't know.
Speaker A:And so the more you learn about it and understand it, it's like one client said, he said it beautifully.
Speaker A:One, he was talking to a group of people about this infinite banking concept.
Speaker A:And he said, once you see it, you can't unsee it.
Speaker A:And I loved it.
Speaker A:I loved it.
Speaker A:And it was so true.
Speaker A:And it's.
Speaker A:Once you dive into it and really get your head wrapped around it, you're going, oh, I get it now.
Speaker A:And then all this starts to make sense.
Speaker A:And then you can start applying it and start small.
Speaker A:We're always coming up with different scenarios for everybody.
Speaker A:It's individualized approach.
Speaker A:It's not a cookie cutter approach.
Speaker A:Absolutely.
Speaker A:It needs to fit you and your situation.
Speaker A:So whoever you talk to, make sure that's a number one priority.
Speaker A:Make sure if it's you and your situation.
Speaker B:So many people have said to me now that I read this book, number one, I knew that there was something out there.
Speaker B:I just didn't know what it was.
Speaker B:I hear that a lot.
Speaker A:That's right.
Speaker B:And the other thing I hear is I really wish I had learned about this a long time ago.
Speaker B:And I'll say, well, how old are you?
Speaker B:And they'll say, 45.
Speaker A:Yeah.
Speaker B:Wait a minute.
Speaker B:I met Nelson when I was 48.
Speaker B:Okay?
Speaker B:And I've exploded my system and I've exploded my banking system.
Speaker B:But there is no age limit.
Speaker B:There's no age at which you can say, it's too late for me.
Speaker B:Maybe it's too late when you're 80 years old to start building wealth going forward.
Speaker B:But maybe you could teach Your kids, your grandkids, your nephews, your nieces, the people you care about.
Speaker B:The thing is, you get on the right track, because if you're practicing the wrong thing for a long period of time and you're practicing it diligently, you're going to practice yourself into poverty.
Speaker B:And we'll talk in another episode about some of the falsehoods that are being perpetrated by financial entertainers out there.
Speaker B:And they're literally falsehoods.
Speaker B:They're falsehoods.
Speaker B:From a mathematical, from an investment, from a human nature perspective, from a product perspective, there are a lot of falsehoods.
Speaker B:I like to tell people that what we share is provable.
Speaker B:From a math perspective, from an economics perspective, from historical perspective, I can tell you this is, this is the way that wealthy people have secured some of their wealth.
Speaker B:I'm not saying close up your, your, your franchise, stop building donut shops, stop building gas stations.
Speaker B:That's where you're building your real wealth.
Speaker B:We're creating a banking system that supports your ability to buy and invest in the areas that actually build your wealth.
Speaker A:And I have that conversation with real estate investors almost daily.
Speaker A:We have that conversation.
Speaker A:They often think, I'm going to come in and try to encourage them to change their real estate investment strategy.
Speaker A:Right.
Speaker A:So same with any business owner, right?
Speaker A:Or anybody trying to build wealth or get ahead.
Speaker A:I'm not necessarily trying to change your strategy.
Speaker A:I'm trying to get you to change the flow of your money.
Speaker A:And there's a difference.
Speaker A:There's a difference.
Speaker A:And understanding that difference is paramount.
Speaker A:And going, okay, well, my real estate investment strategy works.
Speaker A:I'm making good money on it.
Speaker A:And we go, great.
Speaker A:What if just by implementing this, you can turbocharge that existing strategy and make it do even more for you?
Speaker B:If you like real estate, we'll help you buy more, not less.
Speaker A:That's right.
Speaker A:That's right.
Speaker B:Yeah, for sure.
Speaker A:Well, Joe, once again, we have cooked through our time and covered about a fraction of what we really wanted to.
Speaker A:So that's encouraging, though that means we'll have plenty of episodes ahead of us to talk about this stuff.
Speaker A:And so if you are listening today and you want to learn more, you want to talk to Joe or myself, head on over to Alphaomegawealth.com podcast and you can book a call with us.
Speaker A:You can check out some of the previous episodes.
Speaker A:Be sure to hit like or subscribe wherever you're listening today and get notified for the future episodes, exciting episodes coming down the line.
Speaker A:Joe, anything else you want to leave with us.
Speaker B:I'm happy to be here.
Speaker B:I'm happy to have anyone listen and I'm happy to share what we've learned, what we picked up, and we continue to practice every day.
Speaker B:This is not something that you learn in one day or one week or one month.
Speaker B:This is a lifestyle change.
Speaker B:In many cases, people took 20 years to get into debt and they're in hock up to their necks.
Speaker B:And I'm not saying it's going to take you 20 years to get out, but the first step should be different than what you did yesterday.
Speaker B:So we can help you with the steps, with the thinking, and help you look at some of the situations that you're involved with now and look at them critically and say, how should I be looking at this piece of business, this transaction, this asset, this liability?
Speaker B:How can I get out?
Speaker B:How can I buy more?
Speaker B:How can I improve my situation?
Speaker B:We'll help you look at those things and build.
Speaker B:Help you build your mindset towards your finance and towards your legacy.
Speaker A:That's great.
Speaker A:All right, guys, thanks for joining us today and we will see you on the next episode.
Speaker B:See you soon.
