financial independence

Achieving Your Goals And Beyond

TWS 68 | Achieving Your Goals

 

Once they’ve reached their goals or a certain level of financial independence, most people will always ask, “What’s next?” And reaching that sense of achievement, the bar essentially gets raised as they realize that the horizon extends beyond where they thought it would be. On today’s podcast, Patrick Donohoe takes a look at one of the fundamental variables that he believes is necessary to not only achieving what you are after, but for what’s after that and then what’s after that.

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Achieving Your Goals And Beyond

Thank you for tuning in. I am grateful for this episode. There is, of course, a lot going on in the world now. The things that I believe are happening are for a reason like COVID. In some of the political situations that we’re in, there are reasons there. Disruption oftentimes helps us to understand ourselves, our lives, and what we want at a higher level better. I see so much of that. The reason why I’m starting off this way is because between the last episode and this one, I had the chance to review a lot of the responses that came in from my request for some of you to do a survey. In response, I would send a signed book out. I didn’t realize I’d have to be sending books outside of the United States, but there were several of you that filled out surveys that were in other parts of the world, Australia, New Zealand, Middle East, and the UK.

First off, I thank you for taking the time to fill out that survey, and your insight was invaluable. Additionally, because the sample size wasn’t as high as I would have liked, I wanted a couple of hundred in there, I sent another email and I had an overwhelming response, hundreds of responses come in regarding some of the information I wanted to know in order to take the right direction with a digital course that I was preparing. Your response and your candor was amazing. I couldn’t help but be drawn toward the responses, the obstacles that you’re facing in life, your dreams, and what you want out of your life. It’s inspiring to me. I wanted to start by saying thank you. Also, what I would say humbling in a sense for me is that I have already started to put the course together. I’ve recorded the first module. I did so with the intent of doing some iteration once I got your feedback.

As I read the feedback, as I looked at responses and I tried to put myself in your shoes and understand your world, it made me excited because the first module that I recorded for this digital course, I plan on releasing toward the end of 2020, the first part of 2021. It is right in line with what I believe is going to be hugely valuable to you. I’m going to give you some insight into this first module and make this a little bit shorter of an episode. In doing that, I would like to make some observations in regard to what I see as some universal challenges people are facing, which I believe there are some universal solutions to that. I’m going to first start off by saying, there was a couple of responses that came from a question about what type of content would you like inside of the course?

They said, “We don’t want any personal development or mindset information.” I chuckled because that’s exactly where I started. I realized what they were saying and why they were saying it. There’s a lot of heavy mindsets out there with a few practical applications to back that up, but believe me, there’s going to be a lot of that. I probably wouldn’t do the course if I couldn’t start with mindset first. That’s what I’m going to focus on the topic of the show. There’s something I believe, and I see it not just with my own experiences, but the experiences of thousands of clients I’ve gotten to do business and my firm’s been doing business with. I’ve also networked with a lot of successful people. In the end, there’s something interesting.

Number one, there’s some conflict as far as what we’re motivated by. That conflict is the fact that we want finality to what we’re working on, what we’re doing, and what we’re putting our attention to our resources behind. We want this finality or this certainty of the conclusion. The idea behind that is a degree of fulfillment, achievement to that feeling, and we believe that feeling, once it’s achieved, will last for the rest of our lives. That’s the conflict is that life is an infinite game. There are things that draw us into wanting to always be achieving more and going beyond what we’ve already accomplished. Most people don’t realize that until they’ve gained wealth, they’ve achieved their goals and they’re at that point and they realize, “What do I do now?” It’s unequivocal that happens. There’s no doubt in my mind that it does not happen. People reach that point and it’s, “What’s next?”

When a person gets that sense of achievement, the bar essentially gets raised. Click To Tweet

That’s where I look at several of you who have responded having achieved a lot and in most circumstances would be considered wealthy and financially independent. At the same time when a person gets to those levels, that sense of achievement, the bar essentially gets raised, or the horizon extends beyond where they thought it would be. That’s what I’m going to speak to you. As I look at one of the fundamental variables that I believe is necessary to not only achieving what you are after whatever that goal is, it’s essential for achieving what’s after that and then what’s after that. I’m going to start with an example. One is Elon Musk. The other is Jon Huntsman, who I’ve talked about before. He’s a billionaire. He passed away, but his family is in Utah and I’m somewhat familiar with them. I’m going to start with Elon Musk.

For those of you who know Elon’s background and have read his biography and seen interviews with him here and there, realize that he has some pretty significant reasons for what he does. He has these dreams. He has this purpose behind what he’s doing that goes way beyond Elon. With the companies he owns, I’m going to speak specifically to SpaceX, it has this grandiose dream of what it wants to accomplish. The reason behind Elon’s drive is to essentially extend our experience of life out into space in the solar system. There are also many resources associated with what would be valuable on earth, but wouldn’t have to pollute, wouldn’t have to take our natural resources here. I’m not going to get into the complexities of the details of that, but he has these huge grandiose dreams and reasons to benefit humanity.

The interview that I saw alluded to the fact that Elon’s heroes that drove him to want to pursue commercial and private space exploration or travel demonized him. They scrutinize and ridicule him for what he was doing. In one of the interviews, I saw Elon was emotional. His heroes that he looked up to his entire life even up to that point were the ones ridiculing him. How many of us whose heroes would crush our dreams would give up at that moment? Because Elon Musk’s reasons were significant and far beyond appeasing heroes, mentors, people he looked up to, it’s what pushed him through the ridicule, the feedback, and the achievements that SpaceX has made despite numerous failures is significant. Now I’m going to go to Jon Huntsman.

Jon Huntsman, a billionaire. He’s created multiple companies. I’m not going to get into the details of that either. In one of his books, I remember distinctly that the drive that helped him pursue the various ventures and opportunities that he had was his drive to cure cancer because his mother had cancer, died of cancer, and he was driven to cure it and found that through business. It was why he pursued certain business ventures and so forth, because of those grandiose reasons for achieving something that was beyond him, his lifestyle, and his purpose. That’s what I’m going to keep talking about. I look at the levels that we’re at in our life and I believe what got us here are the results of certain reasons. What’s going to get us beyond where we’re at now are going to be different reasons.

As I got into the formation of this digital course that I’ve been working on, that’s what I concluded is getting yourself in the right mindset, having the wealth perspective or mindset as you approach life, business, profession, job and relationships. As you approach it that way, number one, it’s understanding the reasons why you’re doing what you’re doing. The second is to be crystal clear about the results that you want. I believe reasons continue to evolve over the course of time but as you find yourself with obstacles, which the majority of you have, many of you don’t have obstacles. It sounds like life is going amazing, but there was one comment in the feedback that said, “Everything’s going pretty good right now. I’m waiting for that curveball or that black swan of that event that’s going to knock me off-kilter.” That person understands how the cycle of life works.

TWS 68 | Achieving Your Goals

Achieving Your Goals: What got us here are the results of certain reasons. What’s going to get us beyond where we’re at now are going to be different reasons.

 

The idea is that I don’t think we have to react and wait for those events to happen, which throws us off-kilter and forces us to change, innovate, and grow. I believe we can do it strategically. That’s where understanding what motivates you and understanding and getting clarity, gaining clarity in yourself, crystal clarity about your reasons for what you’re doing must exist first. Those reasons have to be way beyond what you achieve. That’s where there are these corresponding reasons to achievement ratio that I’ve seen in my own life and in thousands of other people as well. I’m not saying that those that achieve wealth, prestige, and accomplish their goals didn’t start with reasons strategically. However, those reasons exist if you dig into what compelled them to do what they did.

The second is clarity of results and outcomes, what it is you want in the end. What is the definition of your ideal life? What is financial freedom? What does life look like and being crystal clear about that? There are a fear and reluctance people have in defining that from my experience, which is they don’t want to fail. They don’t want to state something and then ultimately not live to those expectations. I get that. That’s a natural fear that we have. That’s why it’s important to number one, understand reasons, have clearly defined outcomes and results. What happens next is a quote that I’ve gleaned and am inspired by, which is by Tony Robbins, “It’s when your shoulds become musts, then your entire life changes.” We know what we should do. We know who we should talk to. We know what we should change in our business or change in our job. At the same time, they’re not musts because our reasons are not strong enough.

I’ll end with this. I’ll claim that I made getting into this wealth mindset aspect of this digital course that I’m working on was that, over the last several years, I claim that you and me have been presented with all of the opportunities to make $1 billion. Whether it’s relationships, information, books, people that cross your path that you may or may not form a relationship with, all of that existed, yet we didn’t have the $1 billion reasons or even the $1 million reasons for some of you. That’s where we start in the course. It’s not the end of the course. It is simply the beginning. What happens as you start to define your reasons and get clarity beyond what you have now, as well as start to define the actual results you want from your efforts, tactics, and strategies? That’s when your shoulds become musts and it opens up the space for some amazing things to happen.

I’m going to end with that. I first want to say thank you to those who took the time, candid, and clear. I hope the exercise helped you understand what you want and what’s holding you back. That’s a big step in being able to overcome a challenge, to get or achieve what you’re after. Hopefully, it benefited you. The course is going to be awesome. I’m excited to give you some additional updates on that, but I’ll conclude for now. Thank you for reading. Thank you for your support. It means the world to me. Go out and produce, go out and touch somebody’s life, and live an amazing life yourself. Take care.

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Wealth Mindset Exercise: Visualizing The Ideal Life

TWS 61 | Wealth Mindset

 

The starting point of wealth is in your mindset, not in your assets. Having grown accustomed to certain beliefs about money and wealth, we have in us a self-imposed threshold of what we allow ourselves to wish for as our ideal lifestyle. Have you ever asked yourself what kind of life you really want? What does financial independence mean to you? How much money it will take to get you there? How far beyond that point are you willing to go? In this episode, Patrick Donohoe invites you to participate in this mental exercise that pushes your imagination to its limits and takes you to a world of possibilities. Do you want to know what wealth really means to you? Join in on this exercise now!

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Wealth Mindset Exercise: Visualizing The Ideal Life

Thank you for tuning in for this episode. I’m glad you’re here. I have some things to talk about that hopefully will be a good segue from the last two episodes before this. I hope you took advantage of purchasing that book series called The Tuttle Twins. If you don’t know what I’m talking about, head over to TheWealthStandard.com. You will learn about the two episodes specifically with my good friend, Connor Boyack of the Libertas Institute as well as the author of those fine books. For this episode, I’m going to pick up on that theme. The reason why I wanted to have Connor on is because there is a lot of angst based on some cultural divide or maybe a socioeconomic divide that calls for justice and more equality.

I wanted to have him on because sometimes given the fact that we are not taught to critically think and debate ideas and ultimately encouraged influence to choose a side. We don’t get to think through concepts and issues. I put myself in that category forming opinions based on certain things and not being open to other perspectives. I’m not going to get into that now but I look at wealth inequality. This is something I do for a living. It’s talk about money, investing and strategy. I feel that it’s my stewardship to keep talking about this because it’s prevalent in the news. That’s why I wanted to talk to Connor and get his perspective on things from a libertarian standpoint, but also talk about where we are with understanding ourselves, our beliefs about money, and then figuring out what to do about that.

That’s where I went to children because oftentimes, we’re masochistic in a sense. We have pain and anxiety tolerance, and it’s high. When it comes to our kids though, that’s where we start to draw lines. What we realized is that both our conscious and unconscious behavior about money is teaching and influencing them. Let’s get into it. Going off of Aristotle’s quote about excellence, “It’s not a onetime act, it’s a habit.” It’s having a certain mindset which I believe is necessary. A dollar amount in the bank will not create this amount of cashflow, and the number of doors or property and the amount of business interests will not replace this. I believe that this mindset and this perspective is irrespective of the amount of money and wealth that you have. That’s the starting place. From there, you have a strategy. There’s a formula that I use which state story and strategy. The most important thing is the state, which I believe comes from the belief system that you have about money and wealth, and what’s possible for you. That’s going to be the biggest barrier to you achieving what you want.

TWS 61 | Wealth Mindset

Wealth Mindset: We have an idea of what an ideal life would look like, but we never really explore it.

 

I’m going to take you through some exercises. I hope that this expands your view and your belief in what’s possible for you. I’m going to do some follow-up episodes getting into a specific calculator and formula that you can use to start having some breakthroughs, some realizations, and setting some goals potentially. You’re going to get a kick out of it.

The Ideal Life

First, wherever you are, I want you to think about on a scale of 1 to 10, how are things going financially? How’s your financial life? You can put one being that you’re on the verge of bankruptcy and all you do is worry about money and it’s affecting your relationships with yourself. It’s affecting your health and your work, then ten being financially free where you can do what you want, when you want, with whom you want. You feel completely free. I want you to rank yourself and understand that that ranking is a gut feeling.

We understand where we’re at, whether or not we’re able to look at our financial statement or our bank account. We have an idea of where we’re at naturally. I want you to first be aware of that. This next part is going to be interesting. Sometimes we have this what I call the infinite horizon which is this light at the end of the tunnel or this pot of gold at the end of the rainbow. It’s this thing in the distance that never seems to get any closer. Sometimes we have an idea of what an ideal life would look like but we’d never explore it. There’s a psychological way in which you can be open to what you want. That’s what I want you to start thinking about. What does life look like at a ten? What does life look like on your terms. If you were to be financially free, what would have to happen?

This is where I’m going to stretch the perspective. I did an event with good friends of mine who are also in the financial services space. I love doing events with them. We meet every week, we brainstorm, and we come up with cool ideas. We do an event for financial advisors. We had a guest speaker who I consider a good friend. He’s also a colleague. He’s been a mentor of mine. He has inspired me in many different ways. His name is Garrett. He did an exercise on this event that I was impressed by. I also have thought about a bit, but never connected its relevance to the topic we’re on until my preparation for this. I feel that the purpose of this exercise is to connect with who you are, what you want, and then what growth means. I want you to take another moment. You’ve ranked yourself on a scale of 1 to 10 and get a gauge of where you’re at and now understanding what a ten looks like. What I’m about to do expands beyond a ten, which allows you even more room to understand what you want.

Excellence is not a one-time act. It’s a habit. Click To Tweet

First, I want you to imagine that starting next month, whatever month it is next, you receive an additional $1,000 of income on top of everything that you’re making. What would you do with that? Would you save it, pay down debt, go out to dinner at your favorite restaurant a couple of times or take out? What about an additional $5,000 a month? If $5,000 additional money came in every single month on top of what you’re already making, what would you do? Would you maybe look at moving where you live? Would you look at putting money away for college education, savings or build up a reserve? Now, $10,000 a month. If every single month on top of what you’re currently making, what would you do with an additional $10,000 a month? Would you get a new car, upgrade your wardrobe, pay off debt, give money to your kids, go on vacation? What would you do with an additional $10,000 extra per month?

What about $30,000 extra on top of what you are already making? What would you do with that money? Would you get your dream home, quit your job, start your own business or go to an event? Would you move your parents to a nicer place? Would you put money away or save it? If you had an extra $50,000 a month coming in every single month on top of what you’re already making, what would you do? Go to $100,000 a month more than what you’re making. Now $250,000. Every single month, money came in. What would you do? Every single month, $500,000 showed up in your bank account more than what you’re making. What would change? How would you feel? What would you do? What would you not do? $750,000 every single month on top of what you’re making right now, and then finally $1 million extra every single month.

I want you to think about those dollar amounts, the exercise, and I want you to connect with something. Number one, at what dollar amount did you not know what you were going to do? I also want you to connect to at what dollar amount did you start thinking about giving money to others where your lifestyle was complete? You are living in the home of your dreams. You had no debt. You were making investments. The worry factor of money was no longer there. Maybe a new worry set in which is, “With all this money, what am I going to do?”

Breaking The Threshold

The reason why I wanted to do that exercise is because I do believe that there is a threshold to what our ideal lifestyle looks like, what the ideal life is, and what it takes financially to achieve that. I don’t think we ever had this conversation with ourselves or anybody else, whether you feel guilty or you feel that you shouldn’t have that type of lifestyle and that others are more deserving of that. I don’t know. These are all belief systems. I want you to start connecting to that and opening up your mind as far as where you’re at, the money that you’re making, the thresholds, the glass ceilings that do exist. They exist for all of us. I want you to start positioning yourself now on what I consider a hierarchy. I talk about Maslow’s hierarchy of needs every single episode. It’s something that’s important to me because it helps me categorize, formulate, and structure ideas and lots of different information in a simple way.

TWS 61 | Wealth Mindset

Wealth Mindset: There is a threshold to what our ideal lifestyle looks like and what it takes financially to achieve that.

 

When I look at that exercise, it’s to merely open you up to possibilities. Opening your mind to what would you do and what do you want. Subsequently, it breaks beyond the threshold of you and it gets to others. What would you contribute? Who would you help? What experiences would you create for those that may not have the blessings, the opportunities, and the drive that you have? This is where the hierarchy of needs, that physiological, that carnal need like your food, shelter, clothing and those survival instincts from a financial standpoint. This is the category where people are in debt like credit card debt and high-interest debt. They’re living paycheck to paycheck. It’s a survival mentality. They don’t have any savings. They’re struggling to get by. They spend every single dollar that’s in their bank account and go into overdraft every month. This is like that physiological section where you’re surviving.

Graduating from that as you start to resolve those things, you start to pay off debt and eventually get out of debt. This is the safety tier-two of the hierarchy of needs. Maybe you have a good credit score now and you’re responsible. You purchase a home instead of renting. You start saving a double-digit percentage of your income starting at 10%. You have liquid reserves, 6 months, 12 months. You’re essentially creating that safety net for yourself. I look at the next stage, that tier-three as a relationship. It’s where you’re incorporating the building blocks of good, financial wherewithal starting with having a budget, saving money, establishing a will and trust, potentially a college fund for your kids or an education fund. You maybe start investing. You started looking into ways in which you can make more money.

The next rung is self-esteem. Self-esteem is where I would put maximizing your income. Realizing that one of the best investments is in yourself and taking some money in getting a course or getting a certification or learning something new. It allows you to be more valuable to others and subsequently earn more money. This is a stage where you have a spending plan as opposed to a budget. The spending plan is different. Spending plan is, “What lifestyle do I want and how can I create a spending plan where I can have that lifestyle and enjoy life at a different level?” Spending plans and budgets are different. This I believe is when you start to identify with that ideal lifestyle. Maybe some of those thoughts came to mind when you were doing this exercise a moment ago. At what dollar amount would you be able to do what you want to do, live where you want to live, and have fun with the people that you love?

My parents live on Cape Cod in Massachusetts and usually every year we go and visit them. A few years ago, I got to take my dad on this little plane and do a tour over Cape Cod. He had never seen Cape Cod that way, but it was awesome to have that experience with him. I prepaid for a great white shark excursion on Cape Cod to have one of those other experiences with my brother, my nephews, my dad, my uncle and my son. Unfortunately, there’s a wind storm and it knocked out power to the little airport. We did usually was the spotter plane for this boat that went around. Someone was probably looking out for us and that wind soar came in that we did not do the shark tour. That’s on the bucket list. I have some big bucket list items to contribute to the experiences of others.

Your belief systems are what stand in your way to achieving what you want. Click To Tweet

Those are examples of what I’m talking about. This is where you start to put together what you dream about and what you want to provide as experiences for yourself, your family, and then subsequently people that you love, that may not be able to have the same experiences as you. Finally, you get to self-actualization. It’s this final rung, which you’re growing for different reasons. You’re maximizing your income for different reasons. You’re investing for different reasons. It’s now outside of yourself. You’re growing to contribute to others. It’s not just live a lifestyle that you love, but you do the things that you’re passionate about. You support causes, you create memories and you establish your legacy. Also, self-actualization like career on your terms. You’re working to live. You’re investing, you’re managing to live because you have connected to that lifestyle and not the other way around.

I hope that you guys are connecting with this. The reason why I want to do it is to start getting you to understand that there is a position you’re at financially. That position that hopefully expanded you into $1 million a month. What would I do with $1 million a month? Also, it connected you to where you’re at in the pecking order of things or the hierarchy of things. Are you in desperation? Probably not because you’re reading this blog. Are you in safety, in a relationship, or in self-esteem? Are you in self-actualization? That would be amazing. I want you to connect to where you are and then over the course of the next few episodes, we’re going to speak about what life looks like at those stages above and beyond where you’re at now, and then subsequently, ways in which you can quantify that. You can establish some potential milestones on the way to whatever that ideal lifestyle is for you.

Make sure you stick with me because I’m doing this for a number of reasons. Number one, I’m trying to connect a lot of the previous episodes to actionable things that you can do. Also, I’m hoping you realize by now that the majority of this is psychological. What you believe about money is what you believe about yourself. It’s what you believe you’re worthy to achieve. I look at many different influences that have caused us to think about money and most of them I would say are limiting. Connecting with those and realizing those are simply beliefs. You didn’t necessarily consciously create those barriers for yourself. That will open you up to the importance of strategy and how do you implement strategy, because changes need to be made in order to get to the next level. If the cause is not worthy of the efforts to establish goals, change habits, then you’re not going to do it. It may be an act here and there but as Aristotle said, “It’s not going to be a habit.”

TWS 61 | Wealth Mindset

Wealth Mindset: It’s all about what you believe about money, what you believe about yourself, what you believe you’re worthy to achieve.

 

We’re going to connect potentially some spreadsheets. You know that I posted the Hierarchy of Wealth spreadsheet calculator on the website, TheWealthStandard.com as well as the Financial Independence calculator and other spreadsheets using some of the things I’m talking about. I’m hopefully formulating a way in which there’s a program created so that you can go through some goals, go through ways in which you quantify those goals, and subsequently start charting a path to achieving those goals. That’s where we’re going. Thanks for reading. It’s a shorter episode but I appreciate your attention. I appreciate your participation. Hopefully, you gained from these exercises and there will be more to come in the subsequent episodes. Head over to the website. We have some cool resources there. If you like what you read, give us a great ranking on iTunes because that always helps. Share this with your friends and family. That would be amazing. You are awesome. Thanks again. I’ll talk to you next episode.

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Investing: The 2020 Kickoff

TWS 1 | 2020 Kickoff

 

It’s a new year, and just like the numbers 2020, it’s time for another topic to see things clearer in The Wealth Standard podcast. In this first episode of a new season, Patrick Donohoe invites us to look forward to deep diving in investing. He outlines the season for us, giving a background on why he chose the topic and the structures of the episodes to come. As with Patrick’s mission throughout the past seasons, we’re all just after more freedom that will allow us to improve our satisfaction and meaning about experiencing life. He brings that into a whole new angle with investing. Tune in and get excited about the great and awesome learning ahead this 2020!

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Investing: The 2020 Kickoff

This is the first episode of our new season where we’re going to be talking about investing. I’m excited to outline the season, why I chose the topic, the structure of the episodes, what I have going on, which is going to be perfect for this specific topic. Also, the topic aligns well as a capstone in a sense of our previous five seasons. This kickoff episode will be relatively short and I’m excited to have the guests I have on. I’ve already done a few episodes. The conversations and the topics that I’m thinking through are going to be awesome. I can’t wait to learn right alongside you.

First off, let me take care of a few things. Thank you for your support for the 2019 season, specifically the support in the second season on entrepreneurship. That was a long season. There were many different episodes in there, a lot of different topics and tons of information. I want to make sure that you knew that the invitation to the Tony Robbins Unleash the Power Within event is still open. You can still register. If you go to TheWealthStandard.com, Jeffery’s information is in there. He is the representative that I work with at the Tony Robbins organization. There’s a steep discount for all of the tickets. It’s going to be amazing. It’s in Northern California in March. For dates, information, get ahold of Jeffrey. It’s going to be an amazing event. I’m excited to meet you there. Those of you who have signed up. It’s an event that is powerful and it works well to what I’ve been talking about over the last couple of seasons. You are going to see some more language and topics. I can’t wait for that and we’ll definitely have a report from the event from my office as well as the audience.

Let me make sure you are tuned into how to download new episodes. If you’re new, you can subscribe to your app and it will auto-update the episodes, so make sure you do that. We also have a YouTube channel. Almost all, if not all of the episodes are videos. Go to our YouTube channel. Subscribe to the YouTube channel as well. It’s a great way to be notified of new episodes. Also our email list, we’re going to be a lot more proactive with our email and engage a lot more with you because I’d like this to be not just me speaking to you and conveying information as well as guests doing that, but vice versa. It’s you talking about your experiences with this theme, questions you have, comments you have and deals you’re working through. I’d love to have those questions and also your feedback so that we can talk about the things that are the most important to you.

You are your best asset. Click To Tweet

Another reason why I chose to talk about investment is because of some of the events that I’m attending. I’m going to a business mastery event. I’m also going to an investment summit with a group that I had joined and invested with. They are mostly doing a startup type of investment in the energy sector, but they have an investment summit every year in Southern California. I’m excited to talk through that. These are not investments that I usually make. In fact, I’ve never made these types of investments and I consider it very speculative. The investment in part made sense to me because of the group that I got to hang around with. Not only am I invested financially, but also from a time standpoint and from a network standpoint, it’s a great opportunity. I can’t wait to learn from that event and then report back to you. I’m going to the finance event that Tony Robbins puts on for his Platinum Partners. It’s my second year going. The previous one was in a Whistler. This one’s going to be in Sun Valley, Idaho.

If you are new and haven’t watched the video series that I did, I think there are 3 or 4 episodes, please check them out on our YouTube channel. I went through and gave an overview of what I was learning and what was being said. I’m going to do the same thing with the one this coming February in Sun Valley. There are going to be a lot of people there, a lot of networking. I’m hoping to not just do solo episodes, but have some surprise co-hosts with regards to these events. It’s going to be busy months for me, but I’m excited to keep giving you information, teaching you and sharing with you ways in which you can get closer to your financial independence.

TWS 1 | 2020 Kickoff

2020 Kickoff: What might be good and wise and prudent investment for one person may not be that for another.

 

Why investment? I chose investment or investing and all the subcategories: investment strategy, investment theory, philosophy, as well as wealth strategy. Why investment plays a role or should play a role? What is an investment? How to make a wise investment? What’s wise and not wise? Why is it wise for one person and not for the other? There are a lot of topics in there, but the objective was to have this as a capstone to our previous seasons. For those of you that are new, in 2018, I went on this path of life, liberty and the pursuit of property, which is a very famous saying from the 1700 from a man named John Locke who inspired the Declaration of Independence, Thomas Jefferson, “Life, liberty and the pursuit of happiness,” which is what most people are familiar with. I chose this topic because of how intrigued I was based on what John Locke meant by the rights of life, liberty and property.

We spent a season on life and looked at life as you are as your best asset. Liberty, the second season I perceived that as what everyone is after when it comes to wealth strategy, financial strategy, which is financial independence and freedom. The property, which I consider resources, is the physical world around us. As the human being interacts with the physical world, amazing things happen. In 2019, we spent an entire season talking about capitalism, which is the infrastructure from a societal standpoint that best houses those rights and allows human beings to capitalize on those and pursue interests in the smoothest way possible.

As the human being interacts with the physical world, amazing things happen. Click To Tweet

A guest that I wanted on but wasn’t able to make it happen due to some illness and health issues on his part was Hernando De Soto, who wrote a book called The Mystery of Capital. It’s an amazing read into the nature of the system in which people interact and how the system itself, the foundation, and the infrastructure facilitates or inhibits progress and prosperity. I’ll probably speak a little bit more about that whole idea and I’m hoping to still get him on the show. Those were the seasons. The last season was entrepreneurship, which is essentially the individual and what they can do to improve themselves and subsequently improve their financial situation by understanding the structure in which they operate capitalism as well as the rights of life, liberty and property.

There have been some incredible stories about what readers have been able to understand with regard to ways in which they can improve themselves to make more money in their profession or maybe you switch professions or maybe switched companies. Also, from a wealth strategy standpoint, how could they start to make investments, make wise choices when it comes to where they put their money? We’re going to expand on a lot of that because investment, in theory, is the end result of all of this. When you invest, you hope to get more than what you put in. From a financial standpoint, that’s getting more money back then you put in. From an investment standpoint, not everybody qualifies to use that definition because a lot of people lose money, then the majority of time, you have individuals who don’t know what they’re doing.

When you invest, you hope to get more than what you put in. Click To Tweet

Whenever there is a gain, it’s not because of anything that they did or understand. It just happened. I put that right in line and parallel to gambling. It’s one of those things where investment and the evolution of our society is interesting because there could be tons of opportunities and options. At the same time, what might be good and wise and prudent investment for one person may not be that for another. We’re going to talk through that and use examples because we’re not just going to talk philosophically about investment. I’m going to have investment providers on here. People that have a business in which they take money from other people and give them a return and how their business operates in ways in which you can do due diligence.

I’m going to have a Securities attorney here, who has been around a lot of private investments. He’s seen the good, the bad and the ugly. As you can probably imagine, there’s a lot more ugly than there is good. I look at the different topics and hopefully, that is going to allow you to understand business and investment at a higher level. Most importantly, it’s the purpose of investment. I look at the deep-seated perspective that the United States has, especially Americans when it comes to what their end results of investing, wealth management, wealth strategy, which is our retirement. I talked extensively in my book about the nature of retirement and how flawed it is. It’s a very difficult thing to do.

TWS 1 | 2020 Kickoff

Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream

Planning and subsequently retiring is very difficult and risky as well. I look at the pursuit of financial independence, which we’re going to keep defining over and over again. It’s much easier and it can happen much sooner, and I believe it’s what people are after. I’m going to discuss that whole philosophy throughout the season. You look at most investment products and they support the theory that I’m talking about when it comes to retirement. If that’s what you subscribe to right then, there are tons of financial products out there that are designed for that end. If your pursuit is financial independence, financial freedom, then you have to look at how investments play into that different end result. We’re going to be talking about what financial independence is and expand on how to achieve that.

What are some of the criteria? It’s not the same for everybody because I believe financial independence is a mindset. Having certain things in place, whether it’s cashflow, working in a profession that’s meaningful and aligns with who you are and you’re continually growing and making a difference in other people’s lives. All those are components of it, but it’s going to be different for everyone based on where they’re at. We’ll get into that in much detail. I think 2020 is a pretty significant year. It’s the year of clarity and I’m hoping that you are starting out on a good footing.

My goal is to build upon the philosophical foundation that was established in 2018 and 2019. I believe that you, as an individual, are after ways in which you can improve your degree of independence. Money is a huge part of that. We’ve approached it philosophically. Now we’re going to get into the practical with regards to investment strategy. At the same time, I want you to step back a little bit and think through what I mentioned and hopefully take this into the next several episodes, which is what is the purpose of you making investment? What is the purpose of you working? What is the purpose of you continuing to want more? Where is that drive coming from? What’s the end result of it?

In the book that I wrote, Heads I Win, Tails You Lose: A Financial Strategy to Reignite the American Dream, I argue extensively that what we’re all after is more freedom and more independence. That is going to allow us to make decisions that are going to improve our degree of satisfaction and meaning with regards to life and our experience of it. I believe that you’re after that, I’m after that and I’m hoping that the dialogue, the discussions, the information that I go through with all of the guests as well as solo and with some surprise co-host, that reinforces what you want for yourself. I believe it’s possible. I’ve seen it many times. I realized that there are a lot of challenges that stand in the way of that.

Financial independence is a mindset. Click To Tweet

First and foremost, being the whole financial world is structured to help you retire. If you want to retire and you want to be financially independent, you have to rethink the investment choices and the financial products you’re using because it makes a huge difference. We’re going to get into a lot of that. I believe there’s no better time in history to gain clarity about your wealth strategy, your investments, your financial future. I believe the next years are going to be exciting because of everything that’s going on. There are many different innovations that are going to allow less work and more meaning. I also believe that with the Baby Boomer generation, the older generation, the amount of money that’s going to be transferring from one generation to another in the tens of trillions of dollars is going to shift how businesses operates.

It’s going to shift the demand for different goods and services. It’s going to shift where people are living and how they’re living. It’s going to shift employment. I believe that the disruption that’s going to happen is much needed. It’s an opportunity where you, as a good steward of your wealth, can take advantage of incredible opportunities to make money, start a business, join a force with another business, and to acquire another business. The sky’s the limit and I believe that what you want for yourself is possible. I’m going to focus on the information, the opportunities as well as answering the questions that you have working through some of the challenges you face in order for you to achieve those ends.

Thank you for reading this episode. It’s the introduction. It’s the kickoff. I’m excited to bring on the next couple of guests. In the first episode, our guest has been in the financial industry for a long time in a traditional sense. As you’ll see in the discussion, it shows you how inline people are. They are successful with some of the principles and things we’ve talked about in previous seasons. I had my good friend, Andy Tanner, on the second episode who brings an incredible perspective when it comes to money, financial freedom and financial education. From there, you’ll have to wait and see. Thanks for reading. I appreciate it. Thank you for your support. Make sure you bookmark the website, TheWealthStandard.com. See you next time.

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Financial Freedom For Millennials with Daniel Ameduri

TWS 18 | Financial Freedom For Millennials

 

The road to financial freedom has always been dictated by financial norms, a lot of which don’t really seem like freedom at all. Editor and the Founder of Future Money Trends, Daniel Ameduri, talks about financial freedom and what it looks like for the Millennials. Walking us through the concepts of his book, Don’t Save for Retirement: A Millennial’s Guide to Financial Freedom, Daniel notes that the Baby Boomer generation has inculcated in most Millennials the idea of saving for their retirement and putting their money on retirement funds which has given the younger generation more pressure. Breaking the shackles that are forcing us to commit to that tradition, Dan teaches Millennials how to deviate efficiently from investment and embrace the gifts brought by their time.

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Financial Freedom For Millennials with Daniel Ameduri

On this episode, I have my good friend. He’s become a great friend, but he’s also the Editor and Founder of Future Money Trends, which is a publication business. He has come out with a book, Don’t Save for Retirement: A Millennial’s Guide to Financial Freedom. I know he has been working on this for a while. I had him on the show many years ago. Daniel has been front-running the cryptocurrency, the cannabis, the precious metals and other alternative investment world for quite some time on his YouTube channel and very popular website, FutureMoneyTrends.com. You are going to get to love his perspective on life and I think you’re going to get a lot out of reading his book and hearing the story firsthand. Daniel is an amazing writer and entrepreneur. If you’re reading about him for the first time, then it is going to be a treat. Without further ado, welcome, Daniel Ameduri.

Daniel, thank you for spending the time, it’s awesome having you back on. You were on several months ago. It’s a pleasure and I’m super excited about your book.

Thank you for having me on. I should let the audience know that I have seventeen policies, dividend-paying, cashflowing, gushing, safe. I’m dual compounding them too, but I’m sure we don’t want to go down that rabbit hole but they need to learn from Paradigm Life for that.

There are many things you can do as a Millennial if you embrace all the gifts and the things that the world has given us. Click To Tweet

Daniel, I’ve gotten to know you over the years and you’ve done some incredible work. It was awesome to hear more about your story. I never got into that with you even though we’ve had some discussions over the years. Your book is well-written and I like how it opens up your life. How people come to this opinion or perspective of life, there’s a backstory to it. Without that backstory, sometimes it’s hard to buy into a person’s perspective, especially if it’s different than the status quo. Looking at the title of your book, it’s totally against what most people believe. Telling your story and opening yourself up that way awesome. Would you mind maybe talking through what was the book about? What was the purpose of it? What message do you want to send? Who is it intended for? Maybe start there.

The book is called Don’t Save for Retirement. For your audience, we’ve set up a special page at FutureMoneyTrends.com/save. They can read the intro in the first chapter. If they like it, they can buy it. There’s a link. This book started when I was in an attorney’s office setting up my trust, my will and I turned to my wife like, “We know where the kids are going to go. We know where the money’s going to go. What about teaching the kids? What if they get this bad conventional wisdom conditioned into them without mom and dad there who is a fairly strong presence and force against that stuff.” We started brainstorming what we could do. I was like, “How about we write a book? It will be great for the business. It will be great for other people who can read it.” It started with no initial audience in the sense that it was teaching my children, but also keeping in mind Millennials and other people who might be saving the conventional means of retirement and what they could do with their money.

I wanted to bring in what my wife and I did because I didn’t want people to think that, “This guy has got an economic sense on his shoulders and all this stuff.” The intro starts in a bankruptcy attorney’s office. We were messed up after 2008. I got a job making $10 an hour. My wife was a school teacher. We were about to have a baby. Things were wrecked. That’s where the book starts. It starts off how I dug myself out, what it took not just financially, but a change in my mindset and my change in what is even acceptable. The book, Don’t Save for Retirement, I would say almost is a cross between my personal story and personal finance. That’s an alternative way.

It’s not Robert Kiyosaki where it’s all getting leverage. It’s definitely not Dave Ramsey where it’s like, “No debt.” It’s like, “This was my story. This is how I did it. This is all the things I learned along the way.” One thing that rings true with what I’ve learned from Robert Kiyosaki is the poor and middle-class speculate, they just do, no matter what they’re in. Their retirement vehicles, they’re always speculating. The rich preserve and focus on income, which is one of the reasons why I’m so attracted to your company, Paradigm Life, that preservation and income mindset. The advantage of the rich is they’re already rich. However, I learned that if the middle class apply those same principles, they can also be very wealthy.

TWS 18 | Financial Freedom For Millennials

Don’t Save for Retirement: A Millennial’s Guide to Financial Freedom

You use some very strategic words in the book. The one that comes to mind is the idea of control and I thought a lot lately about group psychology, a group narrative. I look at our school system. I look at the workplace. I think it’s programmed into our mind the being told what to do mentality, “You’ve got to do this. I am superior, therefore do what I say.” These days, people are speculating, but they’re not even thinking. They’re doing what everybody else is doing and they’re assuming that whoever’s telling them to do it is going to give them the results that they want, which of course there are many different examples of that not being the case. It was cool as taking control and using your mind to figure out what you want financially is where it starts. Unfortunately, there are these traumatic events, difficult events that cause us to have those paradigm shifts. When you’re writing the book specifically for your kids, if they read the book, what did you want them to get? What was that message? They close the 196-page and it’s like, “What is that next thought?”

That they choose their destiny, that there is no right way or wrong way. Whether they have a job and become great passive income investors or they have a business and they’re investors as well or they’re a stay-at-home-mom or a stay-at-home-dad. I don’t care what they do. I want them to know that they can do whatever they want to do. It is their life and many of us, exactly in line with your question, do what everyone else does and follow the crowd. Everyone else is going to college. Everyone else is saving for retirement. Everyone else is financing their house for a few decades. Everyone else is financing their cars for a few years. Everyone else is buying term because your whole life’s a scheme.

It’s nonstop no critical thinking and I want them to let them know like, “You can do whatever you want and if you want freedom, you have to buy your freedom. It’s not going to be free. It will require sacrifice and it will require good decision-making that will compound. You’re not going to be eighteen and financially-free, but you could be 25 to 40 years old and be financially free as opposed to the alternative plan which is, ‘Give all your money to Wall Street and we promise you in 30 to 40 years, even though you have no idea what your tax withdrawal rate will be or what the funds will even be at, you’ll be able to retire at this magic number that some German politician wanted to win an election.’ He upped the other guy by instead of running on 70, he said 65.” I want people to know that ultimately you choose your destiny and a lot of us have to be woken up and slapped in the face like, “What are you doing? You’re on autopilot.”

I’d love to hear your opinion on what are the events that would cause a person to read this information and not necessarily have it discarded but actually implemented and used. We’re in this period of time where debt is an all-time high, student loan debt, consumer debt. If you look at household income, it’s been stagnant for many decades. You look at people who are not getting ahead and I know that there’s frustration. There are polls. There are headlines that come out all the time about the frustration that exists in America with people not growing, not getting ahead, which essentially is the anti-life because people are naturally compelled to grow. Where do you think the pain threshold is until people snap out of it?

I hope their pain threshold is not bankruptcy or like me, where I was in a bankruptcy attorney’s office with my wife crying. I certainly hope their pain threshold doesn’t go to a point where they get so angry at their job that maybe they do something that gets them fired or damages their resume for the future. Ultimately, that frustration Americans are feeling is because they have subscribed to a middle-class lifestyle that is not sustainable. Much like the national story of what our government is doing, our citizens are doing. I can’t fix the government, but we can all fix ourselves by making some changes in our own lives. In the book, I talk about what my wife and I did. We drastically cut spending.

Did we do it forever? No, but we did it for a year-and-a-half, two years. Even when we weren’t drastically in cutting spending mode, we still live very frugally. I always tell people it took many years. When I achieved that financial independence, net worth millionaire status, not even liquid, but net worth. I was driving a 2003 Nissan Altima. It was a ten-year-old car. I was living in a house, at the time when I purchased it, it was about one time our annual income. By the time I was financially independent, the thing was one-third of our annual income, but I was still doing that and not permanent. Now, I live in a very nice house and I get to enjoy all the luxuries of those sacrifices that I made.

If you want freedom, you have to buy your freedom. It's not going to be free. It will require sacrifice and good decision-making. Click To Tweet

You have to, at some point in time, say stop. For most of us, unfortunately, we’ve subscribed to the unsustainable lifestyle. You might have a car that’s equal to your annual income spread out over a few years. You might have a house that’s ten times your annual income. You might have done a lot of things that have messed you up. That’s where I love the Dave Ramsey personal finance part like, “Start the cutting spending.” Stop doing all this stupid stuff that’s excessive. What I like to do is after I cut the spending is shift the savings of the spending into buying income and training that brain that everything I buy, I want to see a check either quarterly, annually, monthly. I want money coming in from everything I do. One of the things I have in my house in the children’s schoolroom is only to buy assets that cashflow.

We’re all going to get involved with speculation. I’m the worst. I love microcap investing and venture capitalism, especially here in California. Ultimately, 90% of my efforts and my focus is focused on buying income. Anyone who’s frustrated and who is in that lifestyle of trying to keep up with the Joneses realizes that financing everything in your life and spending every last bit of your paycheck, it is not normal. It may be perceived as normal because that’s what everybody else was doing, but it’s not. You have to say no. If you’re reading and that resonates with you, it can be done. It’s going to take a few years to mop this thing up, but you can be financially independent and either quit your job or work part-time or full-time because you love what you do.

These are all amazing points. In the book, what direction are you giving to people? What are the steps that they can take? Starting with whomever that person you were writing to when you were typing out the words of the book and getting them to take that first step then the next step. What are some steps that people can take to go from where they’re at and start to circumvent better or build a bridge over the gap to where they want to be?

The first chapter starts with, “What is wealth?” A lot of people don’t even know what they want. They’re just going through the motions of life. They’re killing time while they’re here on earth, which is very sad. For me, wealth is the ability to be able to do what I want with my time, to wake up when I’m done sleeping, to be free. I think that’s the first step is defining what you want. I always tell people, I learned this from James Altucher. He talked about the three things you want people to say at your funeral. What do you want people to say who you are and then embrace those things? Remind yourself, write it down on a piece of paper and see it every day when you get up. I have daily statements for every single of my kids and my wife and I. I like to remind myself that. Steve Jobs talked about that, ask yourself every day, “Am I happy with what I’m about to do right now?”

The next step is if you decide to become financially free, you need to see what the gap is? What do I need? How much income do I need to pay for my expenses, my monthly lifestyle? Ultimately, becoming financially independent, in my opinion and in the book, is to be able to have multiple sources of income. Instead of having a one or two-household income, think about having how do you get to a 21-household income? Maybe it doesn’t pay all the bills, maybe it just pays the utilities. How good will that feel? It pays all your utilities, maybe it pays the mortgage. However, you want to look at it, how would you like it if every month you went to work and you realize that all your utilities and your mortgage were being paid by passive income?

TWS 18 | Financial Freedom For Millennials

Financial Freedom For Millennials: The Millennials may have been conditioned to believe that they want socialism, but they love the efficiency of capitalism.

It starts small. The book talks about the biggest first step is work where you can cut. For a lot of people, that’s moving, that’s one of the biggest expenses. Whether you’re moving to a further area in your county or you’re moving to another state. My wife and I moved to a desert community in California. The next area is retraining their brain. Instead of dumping all this money into a 401(k), start using these whole life policies to dual compound. Start using different investments that pay an actual dividend that bring a check into your life. That’s the biggest thing I can tell people to have that mindset of start buying things that make you money.

It’s interesting and I’ll be somewhat open here because the first thing you said resonated. Most people don’t know what they want. I think it goes back to the mindset that we’ve been programmed or highly influenced to understand, which is being told what we want or being told what to do instead of us recognize. It sounds trivial but us recognizing that we have a choice of what we want. I had one of my business coaches, I had this meltdown. I didn’t even anticipate it, but it was the rocking chair test. They essentially get you into this state where you’re 95 years old, you’re sitting in a rocking chair and you’re describing what life was about. It was powerful for me and I connected with what was important to me. I connected with what I wanted.

It wasn’t necessarily a dollar amount. It was more about my relationships. It was about the people that I loved as opposed to anything material. At the same time, those material things allow a magnification of the experiences with the people that you love. The second piece is interesting too that you talked about, which is the idea of understanding where you are financially and where you want to be. I look at what most people obsessed with, which is weight and money because it’s measurable. At the same time, how people measure money is fascinating because it usually has to do with either their income or their bank account and that’s it. The true measurement of money, which Robert Kiyosaki heavily emphasizes in all of his books, is a financial statement.

He has a whole book at how to create a financial statement, which is ultimately the scorecard for where you’re currently at but can also help you objectively measure what you need to do in order to get to where you want. Ultimately, the wealth side of things is fascinating, Daniel, because in the end, why are financially successful people so miserable end up committing suicide or getting multiple divorces or alienating children? It’s interesting where people have connected wealth with money but yet, in the end, people would trade all of their money for what is truly valuable to them if they opened up and were vulnerable. That’s where I look at where we’re at in our day and age with society and what’s available to us with technology.

Wealth is the ability to be able to do what you want with your time, to wake up when you are done sleeping, and to be free. Click To Tweet

It’s more possible than ever to live that type of life, but yet the comfort that people have with what society has told them is a success is still bought into. Even though people are starting to see that there’s a different way of doing things and there’s a different lifestyle. “Look at this guy, look at this friend,” but yet they’re still programmed to do what’s safe and comfortable. How did you break out of that? Where have you may be talked about in the book how you have written whether it’s your newsletter or your YouTube channel, like getting people to snap out of it and believe in what is possible.

I would say that what you just touched on, the first thing I thought of was the Millennials. The Millennials are trying to apply the Baby Boomer life plan to a totally different economy. They are suffering and complaining about it. I got rid of my car because I Uber everywhere and I go for nice long walks or I jump on a Lime scooter and I go as far as I want. I don’t have to go back to a parking lot. I flip out my phone and five minutes later, I’m back at the house. You can start a website for $10 if you’re a Millennial, a business for $10. You can freelance anything, sell your skills, you’re going to work from home and you can monetize your own job. There are many things you can do as a Millennial if you embrace all these gifts and these things that the world has given us.

I ordered lunch and I wanted to order some Thai food, so I went onto Grubhub. A lot of people are trying to do the same thing with their investments and their investment mind setting. The Baby Boomers had the best bond market, best real estate market and the best stock market. According to Vanguard, the median account for 65 and older is only $58,000. If that experiment didn’t work for them, and by the way for most people, 401(k)s have only been around since the ‘80s. They passed them in the ‘70s but ‘80s for all intents, purposes and implementation. A lot of people think the 401(k) was with Adam and Eve, and they came out and they had their employer match.

TWS 18 | Financial Freedom For Millennials

Financial Freedom For Millennials: Trying to keep up with the Joneses financing everything in your life and spending every last bit of your paycheck is not normal.

A lot of this stuff is new. It didn’t work and that’s okay. Some of the intentions were probably good. What does work? What’s been around for hundreds of years, thousands of years when it comes to passive income and the way the rich invest? I look at the frustrations of people that it’s a lot of times it’s because they’re adopting and applying these rituals. I was in Africa and I was with the Maasai. I was asking the guy, “What’s your goal in life?” He was like, “I need more cows.” I was like, “You guys cleaned our rooms and you see the bathrooms and the match them. You don’t want a mattress in your house? The houses are made of cow crap. You don’t want a toilet?” He’s like, “No, the elders say that’s not the Maasai way.” I’m like, “Tradition can kill,” like it’s doing to the Maasai, it’s doing to the Millennials here in America and all around the world because they are in the tradition of something that hasn’t even been around that long, especially when you apply the way conventional finance has been applied to for people.

Here’s what’s fascinating. What you said is that the root of the word capital, like capitalism, comes from cattle. The nature of capitalism isn’t the cattle itself. That’s not capital. The capital comes from the derivative use of cattle, how people figured out to use a cow for not just milk, not just meat, but leather for instance. I look at the world of immense resources and people look at the value in a piece of land or the property. That’s not where the value is. The value is our ability to take our mind and make use of that in a variety of different ways. Look at what we live amongst every single day, whether it’s Grubhub, uh, whether it’s the Lime scooters. These are essentially resources that people figured out how to look at some friction or some frustration and to get a solution to it. That’s all around us, but yet not understanding the fundamentals and subscribing to the status quo doesn’t open your mind up to what those possibilities are. That’s why the Millennials don’t like capitalism. It’s because everybody else is coming up with ideas and they’re not.

They may have been conditioned to believe that they want socialism, but look at every aspect of their life, they love the efficiency of capitalism.

It’s an amazing world we live in and it’s evolving so quickly. It’s awesome that there are more books like this coming out. They are reinforcing not just talking points, but they’re reinforcing principles that have been around for a long time, but also ways in which you can capitalize on the current environment to achieve the outcome that I would assume most people want.

In the book, I provided the links of the different companies I invest with. Obviously, your company is mentioned in there when it comes to my whole life policies. I didn’t hold anything back. I put it out there and the same thing goes with my letter at FutureMoneyTrends.com. If I’m investing in it or writing a check, it’s in there. If not, it’s not in there at all.

Daniel, what are some other ways in which they can follow you, learn about what you’re up to, learn about Future Money Trends, some of the video stuff that you’re doing online. Why don’t you throw those out there?

I would love for them to go to FutureMoneyTrends.com/save. They get the Weekly Wall Digest free. It shares a lot of the different stories and things that my wife and I went through and did to become financially independent as well as some stuff that I teach my children, as well as any investment, passive income or speculative that I’m actively involved in. They get to also read the first chapter of the book.

Daniel, it’s a pleasure talking to you. Thank you so much for taking the time. Hopefully, we get to do a follow-up soon.

I hope to see you soon.

Thank you.

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About Daniel Ameduri

TWS 18 | Financial Freedom For MillennialsDaniel Ameduri is a self-made multi-millionaire, a full-time skeptic of conventional thought, and a proud father of three. He is the co-founder of FutureMoney-trends.com, which, with nearly 150,000 subscribers, it’s the most widely recognized online authority in investment ideas and economic advice. He’s been featured in The Wall Street Journal, on ABC World News Tonight, and on Russia Today TV. Daniel correctly predicted the collapse of Lehman Brothers, AIG, and Washington Mutual on “Vision Victory,” the YouTube channel he launched in 2007 and which now has had more than thirteen million views.

 

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