It’s Happening Now But People Don’t See It - You've Been TRAINED To Be BROKE (Eye Opening)
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Let's talk about something that's not always top of mind, but still really important. Life insurance. Why? Because it offers financial protection for your loved ones and can help them pay for things like a mortgage, credit card debt. It can even help fund an education.

And guess what? Life insurance is probably a lot more affordable than you think. In fact, most people think life insurance is three times more expensive than it is. So with State Farm Life Insurance, you can protect your loved ones without breaking the bank. Not sure where to start? State Farm has over 19,000 local agents that can help you choose an option to fit your needs and budget. Get started today and contact a State Farm agent or go to statefarm.com.

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So when your plans change, Merrill is with you every step of the way. Go to ml.com slash bullish to learn more. Merrill, a Bank of America company. What would you like the power to do? Investing involves risk. Merrill Lynch, Pierce, Fenner & Smith Incorporated, registered broker dealer, registered investment advisor, member SIPC. Real gangsters are on Wall Street. The real gangsters are in the government. And I was like, damn, all this money, and they're not risking their life. Something got to change for me. Something got to change.

And so I just started listening to them every day and I started comparing it to the streets. A good business is just like a good hustler. A good business has great product, they have great clientele. A great hustler has a great product, he has consistent clientele. A good business on the stock market has what's called a moat, a competitive edge that keeps his competitors awake. Poverty is lack of information, lack of resources.

Money is infinite. They've never stopped printing money. The problem is getting the belief to understand that. Getting the belief that you're capable. What stops me is me playing the blame game all my life. What stops me is me keep saying, "Well, I'm black, they're white." Well, you're not going to go far doing that. What stops me is saying, "I didn't have the opportunities they have." That's going to keep you from going now. If you can get past the bullshit,

And so these are real issues. But the biggest issue is the belief in myself. The biggest issue is I need to spend more time reading and researching and partying. I need to spend more time reading and researching and chasing women. I need to spend more time reading and researching and then, you know, trying to go hang out, being on Netflix all day, playing a game all day. I need to spend more time developing a skill set. As I evolve, as I learn how the game is being played, as I get exposure to the game, my confidence builds up.

Financial trauma now is anchored to who we are. So for me, when I was in prison, when I got exposed to, damn, I'm playing the wrong game. I had to look at the pieces on the board. Am I a knight? Am I a bishop? Am I a rook? I damn sure ain't the king. So that means I'm a pawn. Pawns always get sacrificed.

from always being sacrificed, how the hell can I win this game? Somebody has the solution somewhere. There's too many people out here living the life of their dreams that I'm watching. They know something I don't know. And the only thing that they had was access to a different type of information.

So once I went and got the information, I now wanted to sing from the mountains. I was like, yo, look at this dope thing I found. Everybody can be a part of it. And then when I showed it to people, they was like, that ain't it, bro. I'm not about to do that. And so I realized how powerful it was for me to one, become economically like powerful in my mind. Investing in the stock market isn't an IQ game.

It's not about it's not about being the most brilliant person in the world. Right. It's about understanding basic economics and basic economics is what we know every day. You understand this supply and demand. Supply and demand says that if Michael Jordan drops a shoe, then the line is going to be wrapped around the corner. Right. But if you find a way to get that shoe, hold on to that shoe. And then later on, you can now sell that shoe at a top tier price. Everybody won't be able to build a billion dollar business.

Right. But everybody can invest in one. And that's why I love it. Right. So the three the three things in my wealth pyramid is stocks, business, real estate. I believe you should have all three. Right. But you can get away with two. How are you differentiating between stocks and business? So when I say stocks, it means like me buying shares of a business. Yeah.

Business second is me creating a business and then real estate third. So you think everybody should create a business? No, no, no, no. That's why I said you can get away with two out of the three. Gotcha, gotcha. You know what I'm saying? So everybody doesn't have to create a business because this is not for everybody. But you can see what we do know is as America evolves, so does business. As business evolves, there are some brilliant people that says for that business, there's a problem. For that problem, I have the solution.

That's a business you like to invest in, right? And so if we can invest in the solutions, I always say that if we invest in the solutions, we cannot help but win. Investing in a solution, okay? Making Amazon was a solution to so many things. The key to building wealth is not how much you can work. You can't work your way to wealth. You got to invest your way to it. And all wealthy people, black, white, Asian, Chinese, they own a whole bunch of shit.

The people who aren't wealthy is because they don't own nothing. You only have your money sitting in cash. If your money is just sitting in cash, realistically, you're becoming poorer every day. And so the idea of ownership was, you know, we can just start owning everything that we, no matter if it's just a stock, like that's powerful. Because if you can start owning the businesses that you now consume every day, you turn a one-time transaction to a lifetime of profit.

And that was major for me because if I go to a store and buy a pair of Nikes, that's a one-time transaction. In order for me to get something from them again, I got to come back and buy another pair of Nikes. But if I own the Nike stock, long as I own it, it's a profitable vehicle for me. So that one-time transaction can become a lifetime of profit if I own that business. And you can build your wealth for me 100% if you're bold enough to bet on the future.

If you're bold enough to bet on the future and be patient enough to let it take place, you will win and you will win big. And if we can understand, if we can truly grasp that, that your money is not doing you no justice in a bank. It's not, especially now, right? It's not doing you no justice in a bank. Why not? Well, because the more they print money, the more your money loses value.

Right. The more inflation goes up, the more your money loses value. So a hundred dollars spent in 2019, that same hundred dollars now takes one hundred and nine dollars. One lie we've been told is sitting our money in the bank. So that's probably should add that to the equation earlier. Right. Putting our money in the bank, thinking that the bank is the safest place to have our money. Right. That's probably the most dangerous place because I always see a dollar that's not moving as a dollar that's losing.

Right. So sitting on money in a bank is not the place to be. Right. So what would be how do you make your money move? How do you make your money move by making great investments or just investing? So I'll give you an example for me personally. I literally don't have like twelve thousand dollars in the bank. All of my money is in the market. Ninety percent of it is in the market. So I use what's called the V.O.O., which is the Vanguard Index Fund for the S&P 500. I use that as my savings account.

So every month or every week I'm putting money in there. Well, trap. What happens when the market is going down? Well, my money wasn't making no money in the savings account anyway. So I'm putting it in there. Right. And then what happens when the market rebounds? We won't be here forever. Talk to people about realized losses versus unrealized loss. OK, because I think this really messes good. That's good. That's good. So unrealized loss is when let's say I have one hundred dollars or something.

and that goes down to $89, right? - If I sold it today, I wouldn't be able to sell it for what I paid for, but I don't have to sell it. - It's okay, so you buy something at $100, it goes down to $80. If you don't sell it, you have an unrealized loss of $20. Meaning you didn't sell it, your equity just decreased.

But if you sell it, you've realized that loss, you've made that loss realistic. So you've now essentially lost that $20, right? That's a realized loss. Now realized gain is the exact opposite, right? So if you go up to, I buy something for 100, it goes up to 150. Unrealized, I have $50 in unrealized gain. So it's there, but I didn't sell it. It's there, right?

Realizing it is saying I've cashed out. I've cashed out on it. Think about like you talked about Jeff Bezos, right? His net worth is what? 180 something billion dollars, something like that. Last time I checked, 60% of his money was in Amazon stock. 60% of it. So this is why you wake up one day and you say, damn, Jeff lost $18 billion. Well, that's unrealized because he didn't cash out. So he didn't lose it. It's still there.

wants to stop getting backs up he recoups all of that and so that's the dope part about the mark yes it fluctuates yes it goes ups and down but that's also the most scariest part about the market because people who come from lower income working class environments the worst thing that can come to their mind is losing money that i bust my butt for that's what makes the market so scary for them and that confusion keeps them out of the market

Let's talk about something that's not always top of mind, but still really important. Life insurance. Why? Because it offers financial protection for your loved ones and can help them pay for things like a mortgage, credit card debt. It can even help fund an education.

And guess what? Life insurance is probably a lot more affordable than you think. In fact, most people think life insurance is three times more expensive than it is. So with State Farm Life Insurance, you can protect your loved ones without breaking the bank. Not sure where to start? State Farm has over 19,000 local agents that can help you choose an option to fit your needs and budget. Get started today and contact a State Farm agent or go to statefarm.com.

Thank you.

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