Hey what's going on guys it's Travis Davis here again, Welcome to Extremely Opinionated the podcast episode 3. Hope you guys are enjoying the episodes so far but today I'm done ride-sharing by tenants 10 itās 10:01 I got started at 5:30. It's on my phone but I believe im a little over a hundred and $140 tips and everything as well. Also I'm really done because somebody signed up for my coaching package for my last trip so I went ahead and I'm like well I'm done right I don't need to do this anymore for the day. Thats Ā all I do is you know is drive to find my special person and I want to show you guys a trick that Ā you can do this with anything right Most people think that you know I have paid a lot of money for the Tesla's which I mean don't get me wrong like I had to pay for the Teslaās right which was just a down payment of taxes and tags actually did Put any money down directly on the car outside of the taxes and tags because of this trick and a lot of people don't quite understand that you have to understand money in order to do things like this and you have to be very good budgeting your books cuz that I mean that's essentially everything is is controlled by budgeting your books correctly so let's let's take this for example of the Tesla I believe thanks Tesla's cost maybe a total of 4800 each for Tax & Tags show in my Ā mind okay with that tells me is I can either keep my $4,800 in the bank account where it's going to give me .025% return annually, Ā and I don't even know what that is is some changes some pennies right or I could take the $4,800 can go get a Tesla and most people are going to say well you know the car cost $50,000 right so you're like you spent $50,000 on a car no I did not spend $50,000 on a car that's what you've been trained to take I never spent 50,000 car just told you what I spent today at 4800 and I didn't spend okay instead I turn this into asset vehicles to Teslas are assets okay so what happened is I didn't spend $4,800 I put my $4,800 into an investment okay so what's that investment this maserti is right here I should smoke him real quick Investment right the cars can literally give me 10 times cuz it's more than it higher percentage of return. you know I like racing cars in a Tesla that $4,800 I've already made for you I'm in the positive right now and everything it comes in as positive the car cash flows is so I personally have never paid the car payment for the car so I won't pay the car payment for the car ever because literally they created this Rideshare thing and I mean the car can generate money every hour every hour this car is making about $20 well after expenses he comes to about after expenses it comes to about $17 hour because electricity right so the car is doing 17 an hour right my money in a bank can't do 17 out it's impossible instead with the banks have a strange to do is to put our money in the bank so they can go do this process we have to get accustomed to doing this process for ourselves don't just have your money sitting somewhere where it's not giving you a return and look at it like this let's say things went bad godforbid me $4,800 you know it's not looking good car called 60,000 Tesla might have a $40,000 value so I'llĀ
