At Accountable Equity, we have designed to create a magical carousel of wealth building that defrays taxes forever, and allows you to compound on the money that you would have given to the federal government. In this episode, we help you understand how the billionaire mind works – well, not necessarily a billionaire, but anybody that knows how the real game of money works.

The way a carousel works is inertia. It takes a lot of energy to get it going. In today's episode, we're going to tell you the backstory on why we care about carousels because not everybody does as well as the way our minds work.

Here’s what we talked about:

- The way our the billionaire’s mind work

- The #1 rule in investing

- The opposite of financial freedom

- Explaining the metaphor of the golden carousel

- Investing in the jockeys that are running the asset class

Episode Highlights:

The Way The Billionaire’s Mind Works

Our brains are based on fight or flight. It's primordial going back to the dawn of man and we're always afraid that we're being attacked. That’s the reptilian brain. 

Fast-forward to now, we find ourselves in patterns. Especially if we were born middle class or below we see money as a W-2 check. We pay all our bills, and we're broke every month. And we think we need to invest more money for retirement. But that's just not how the wealthy think. 

The millionaires and billionaires don't think this works. You have to own things that put money into the wallet, not just sit there and wait until 2045 when you're still not allowed to use the money. That’s how you achieve financial freedom.

The #1 Rule in Investing

You have to own things that put money into the wallet, not just sit there and wait until 2045 when you're still not allowed to use the money. When you want financial freedom, don't talk about money as if it's a stress. you want money to make money.

The Opposite of Financial Freedom

If you invest in Wall Street, you do not believe in financial freedom. You believe in retirement. It's the opposite of financial freedom. Retirement says don't ever touch your money until you're about to die. You're not allowed to have it. You're only allowed to eat whatever the interest is and you're never allowed to touch it. 

The Metaphor of the Golden Carousel

The carousel moves in perpetual motion, the energy is used at the beginning, the amount of cash needed is always at the beginning. It moves in a circle as the most efficient motion. It's going to take energy and you need horses. 

1. Choose whatever asset classes you want that bring in cash. The horses are your asset classes and each horse can be designed. You could buy a different type of asset to do different things for you. 

2. You need a bunch of horses. Horses are a horizontal income. These are checks that come in every month. You don't have to necessarily run them. Some of the horses you may have purchased and built yourself.

3. Your assets have to be real (ex. buildings, direct assets, or owning a company). It's got to have cash flow so you can't just buy a house and not rent it out because then you're definitely going to lose money. 

4. The jockeys are those running the asset classes. A jockey can overcome the weak course in investing, or the great horse driven by a terrible jockey can be a weak horse, or a great horse with a great jockey can change your future. Be your own jockey, sometimes. Ultimately, the only way to build wealth is private investing.

Links:

Accountable Equity