I am pissed I was watching TV and this
financial advisor on TV was telling
people how money works how do you need
to save money how do you become
financially independent
he was bull [ __ ] there's so much better
vice out there when it comes to money
when it comes to financial advice it's
amazing let me tell you this when it
comes to money the most important thing
you need to consider is consider the
source how many of these advisors that
you see on TV on social media how many
of them are actually rich most of them
they are struggling financially most of
them actually represent and work on a
mutual fund companies they tell you to
put money aside say for the long term
and put their money in mutual funds and
don't touch it for 30-40 years and after
that then somehow if the [ __ ] market
doesn't crash you'll be okay it is
[ __ ] stupid let me tell you this the
adviser was saying on TV here's what you
need to do I want you to to save money
it's nothing wrong with saving money but
here's what I want you to do I want you
to you know their morning coffee you
know cut that back right that that going
out dinner with friends you need to yeah
eliminate that in your life and what I
want you to do I want to set up a budget
and I want you to count every single
expense that you have I want you to look
at your fee single line and you look at
it all the time we view it every month
right and then cut all the stuff that's
not necessary and then you're gonna have
a few a few dollars a little bit of
money there now you can save that up let
me tell you this is how it's gonna work
once I explain this you'll know why
conventional wisdom is almost always
wrong imagine this is how much you're
making maybe you're making 2000 3000
4000 5000 8000 a month now say you have
a job you have a career even you have a
business a small business to some what
you're making at the end of the day so
what the stupid financial adviser is
saying I want you to watch
money I want you to watch out for your
money okay I'm looking at my money how
does this help you make more how does
saving their hundred dollars how would
that secure your financial future let's
say you do cut back that morning coffee
let's say you do stop going out with
your friends let's say you don't go to
watch that movies let's say you don't go
even take on they take a take their
vacation okay good so you save a few
hundred dollars per month in a year's
time you save a few thousand dollars
could you still buy the house that you
want
could you put even use that as a down
payment could you buy it could you buy
the car that you want could you provide
for your family would their help go
towards your kids education fund would
that be enough
you tell me comment below a penny safe
is still a [ __ ] penny it doesn't
solve your problem is you yeah how would
that's saving a few hundred dollars you
put it in a mutual fund in stock market
at the end of day it's still still not a
lot of money it is still not enough to
do anything significant to do to buy
anything cific significant to invest in
anything significant in your life what
you need is this more how do you make
more how do you create more value in the
marketplace when you have this suddenly
you don't need budget you need to think
about all this [ __ ] you'll need to think
about oh I need to come my [ __ ]
pennies man I need to do this that
doesn't solve your problem this does not
solve your problem so what they're
telling you this financial advisor is I
want you to stay poor for your whole
life put away a few dollars every single
month for 10 20 30 years and then when
you retire you will be okay not even
comfortable because with inflation not
even rich hopefully if the market
doesn't crash that time that you retire
you would have a little bit of money too
off off you've seen that before maybe
someone that you know just before we
time it you remember what happened the
market crashed their entire life savings
paper eyes like that in days and not
even their fault it's not their fault
they just follow that advice and they
thought and they're not even most people
they're not even thinking that much
they're just thinking I just want to
decent comfortable retirement so I can
enjoy my life a little bit because I
work my entire life in this job in this
career and I cannot even do that so you
don't have a saving problem you have an
income problem so what you need to do is
now I know what you may be saying you
may be saying to me that Dan but I just
have a job or I make it to three four
thousand dollars how do I make more
money I don't care if you have a
business I don't care if you have a job
I don't care if you're working for
someone else I'm telling you right now
regardless of what you do you need to
develop your high income skill you need
a side hustle you need something on the
side that you could do to generate more
income so now when you're generating
this much sure I spend this much doesn't
matter I still could save and put away
all the extra money to invest but I need
to make more first so every single year
you need to strive to make more money
than your previous year every single
year you should strive to increase the
income having their high income skill
read my book a few money I talked about
it that is not the answer that is bad
[ __ ] advice
there's the advice that mutual fund
companies want to believe that's what
they want you to buy into why because
they want to keep your money for as long
as possible for as long as possible and
then they will invest and they make the
management fee they will make a ton of
money while you stay poor so if you want
to be successful financially if you
don't want to be poor forget this
developed a high income skill develop
decide hustle on
decide your job is no longer enough your
business is no longer enough you need
something more if you want to secure
your family's financial future