The Secret To Success with Antonio T Smith Jr

Daily Meeting - Personal Finance 24: Choosing the Right Vehicle

• Be cautious of not growing everyday
• Autopilot is very convenient 
• Growth in ascension is not predictable 
• Do not go 7 days without tracking your wins and challenges

Personal Finance Training

• Antonio picked up four things after watching Grant Cardone:

1. His goals were too low

• If you have not taken immediate and massive action, it’s a ceremonial “yes”
• Every time you ascend, you’re at a place where you don’t know anything
• Your financial goal should be $10,000/month after expenses
• You find good debt by finding a hard, income-producing asset
• Real estate
• Software as a Service (SaaS)
• FB
• Funnels 
• Stocks 
• Bonds 
• Books
• An online program/course

1. He wasn’t putting enough effort in his financial goals
2. Grant Cardone 10Xd his goals
3. Grant underestimated how much it cost him to be a big deal

Strategy 1: Go to whatever podcast platform you use, go to the top and search podcasts, find out if they have guests and apply to be a guest

• Podcast Guest Inquiry — https://s3.us-central-1.wasabisys.com/40webinars/PodcastGuestInquiry.docx 

How To Get $25k Navy Federal Amex Card with Bad credit And No Credit Check 2021

https://www.youtube.com/watch?v=nLs85aZe_m0 

Finding the Right Vehicle for Success - Grant Cardone Coaching

https://www.youtube.com/watch?v=0fmk_HJ2DGc 

Step 1: Choose the right vehicle

Step 2: Consider your financial goals

Step 3: Your vehicle in Step 1 must produce adequate results to achieve Step 3

Step 4: Create a value ladder inside this vehicle.

• $9
• $27
• $59
• $149
• $499
• $799
• $1,299 (If you do a sale, it’ll be $999)
• $2,000
• $5,000
• $10,000
• $25,000

Step 5: With haste, automate Steps 1-4

Daily Meeting - Personal Finance 23: Apartment Complexes and Money Mindset

• Began with a disclaimer
• This Business Plan contains privileged and confidential information and unauthorized use of this information in any manner is strictly prohibited. If you are not the intended recipient, please notify the sender immediately. This Business Plan is for informational purposes and not intended to be a general solicitation or securities offering of any kind. The information contained herein is from sources believed to be reliable, however no representation by Sponsor(s), either expressed or implied, is made as to the accuracy of any information on this property and all investors should conduct their own research to determine the accuracy of any statements made. An investment in this offering will be a speculative investment and subject to significant risks and therefore investors are encouraged to consult with their personal legal and tax advisors. Neither the Sponsor(s), nor their representatives, officers, employees, affiliates, sub-contractor or vendors provide tax, legal or investment advice. Nothing in this document is intended to be or should be construed as such advice. The SEC has not passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials. However, prior to making any decision to contribute capital, all investors must review and execute the Private Placement Memorandum and related offering document.

• Don’t think of 6 figures; think 7 figures
• Don’t think of being comfortable; think of being comfortable in massive overflow
• You can do all of the due diligence, not have any money, and get in an apartment investing deal

Announcements

1. Men’s Encounter — $99 

• 9/3/22
• For men only
• In a waning moon

1. Women’s Encounter — $99

• 9/10/22
• For women only
• On the day of a harvest full moon

1. Ascension Conferences

• 3 big conferences
• 6/10/22
• 9/9/22
• 12/16/22

1. WanderCon

• 5-day conference
• Dec. 12-16, 2022
• $4,997
• $97 for anyone who talks to Grace or Freda
• All esoteric
• All personal development
• All self-help
• Day 1: Evaluation Day
• Day 2: Discover Day
• Day 3: Relationship Day
• Day 4: Transformation Day
• Day 5: Ascension Day

How to Do Due Diligence on An Apartment Complex

Buying an Apartment Building - Multi Family Real Estate Due Diligence Process Explained

https://www.youtube.com/watch?v=ashbu77_43k 

1. What are the key metrics you look for when buying a property?

• Where it’s located
• A major metropolitan area 
• 40-unit building
• $130,000 per unit
• You get paid because the doors are flowing money
• You want to cash flow to get the money from each door
• Make sure your complex is 100% occupied
• 5 people you need to analyze a property:
• A. Plumbers
• B. Mechanical contractor
• C. Roofers
• D. Appraiser
• E. Professional engineer
• Antonio’s real estate deal is in the Dallas Galleria area
• 145 units
• Investment was done in 506 (c) for accredited investors (people that make a certain amount of money and have a certain level of education) 
• Minimum investment was $50,000

Investment Highlights

• Post renovation upside of $194 per unit

• Amazing location surrounded by 3 Fortune 10 companies, 22 Fortune 500 companies,

and 45 Fortune 1000 companies, and many more companies migrating to DFW

• Rare chance to buy 34 additional condos to add to our 111 unit purchase, to qualify the

next buyer for agency lending and lower rates, as we achieve 80% ownership

• Tremendous unit mix of 12% one bedrooms, 64% two bedrooms, 12% two bedroom

townhomes, and 12% 3 bedrooms

• Strong sponsor team with track record of 15 Texas properties

• If the numbers work, you’re getting that deal
• If you have terrible credit, all you need are the numbers and collateral for the deal to work
• 80% funded, 20% down if it’s a deal that’s asking for collateral
• Let your cash flow pile up so it can go towards your next apartment complex; that way, you’re not using your money
• When you’re interested in investing in an apartment complex, you need to have a letter of intent, and the letter must be accepted
• You should have 4 lawyers:
• Criminal lawyer
• Real estate lawyer
• Business lawyer
• Tax lawyer

Real Estate Letter of Intent

https://s3.us-central-1.wasabisys.com/40webinars/RealEstateLetterofIntent.pages 

Grant Cardone Real Estate Episodes

https://www.youtube.com/watch?v=urWPYZ-lTPQ&list=PLnZ0O70oWnJZYgwZCPRG_bc6wEiIfnK5p 

Daily Meeting - Personal Training 22: 10 Rules to Get Your Money Right

Grant Cardone’s 10 Rules to Get Your Money Right

https://www.youtube.com/watch?v=cQ4t_aYb3qo&t=1s 

10 Rules to Get Your Money Right

1. Never spend it until you get it

• Don’t count the money in until the money’s in
• Don’t spend tomorrow’s money
• If your paycheck is already accounted for, you didn’t have it
• I will have no debt that others do not pay
• A bill is anything coming out of your pocket

Antonio’s Plan to Retire in 18 Months

Step 1: Write down all your bills in descending order (highest to lowest)

Step 2: Tell your mind every one of your bills becomes a stream of income

Step 3: Create stream of income for every one of your bills

Step 4: Start with the lowest bill

• It’s the easiest
• It increases your confidence

Step 5: Make a snowball effect of your bills

• Create a stream of income for your lowest bill
• When that bill is paid off, take that stream of 
• If Antonio gets a $1300 customer every week, he will earn $67,600 for the year

1. The 40% rule

• 40% — taxes
• 40% — your business
• 20% — yourself
• Either control your expenses to live on the 20% or increase your income to increase the 20%
• 99% of your problems can be solve with money

1. If you can’t write it off, don’t buy it
2. Rent and lease; don’t own
3. Stabilize and grow your first flow before adding a second flow
4. The 47 Rule

• Spend at least 7 hours/week on yourself

1. Stay broke
2. Never lose money
3. You want cash flow, not cash
4. Never quit until you achieve your goals

• It’s not a matter of so what; it’s a matter of what’s next
• Stop giving people passes because you love the Lord
• Give people grace and mercy, but don’t give them your prosperity

Daily Meeting - Personal Finance 21: Mastering the Money Mindset 2

1. Keep your expenses low and reduce your liabilities.

• The only reason you spend too much money is because you think it’s going to work
• Your money shows what you love
• Your biggest expense should be your investment accounts
• Whatever your largest expense is, your investment account needs to be 10 times as much as that expense

1. Create a corporation to protect your assets and reduce your expenses

• Only keep what’s in the LLC what’s in the LLC
• Your multiple streams of income should be in multiple corporations

1. Be a jack of all trades

• Know a little bit about a lot so you can hire someone to do it
• Stop being the smartest person; get a bunch of smart people and pay attention

1. Don’t just buy investments; learn about investments

1. Every rich person has lost money at some point

• Poor people never lost a dime
• You have to want to win greater than the obstacles ahead
• You’ve got to let your money go in order for it to grow

1. Most sellers ask too much

• No one ever buys something for what it’s worth

1. Poor dad said “I can’t afford it.” Rich dad said “How can I afford it?”

• You don’t need 10-15 ideas to work; you just need one
• If you want to be called a genius, put out a lot of things

1. Watch your words

• Every time you speak, you’re casting spells
• When you open your mouth and you plant a seed
• Watch how you talk about your money
• You’re casting spells on your finances

1. The market rewards excellence

• When you become excellent, the market will reward you

1. Start doing everything with the spirit of excellence

• If you move with a spirit of excellence in all things, God has no choice but to bless you
• Say these things every morning and evening:
• Money come easily and frequently to me. 
• I will not lose. 
• I am a champion. 
• Everybody serves me.
• Where's my money? I deserve it.
• If you’re running out of rewards, be excellent
• If you get dumb and have faith, you can be blessed
• Your job is not to be smart; it is to be faithful

Daily Meeting - Personal Finance 20: Mastering the Money Mindset

• The Mexit Conference begins tomorrow (5/12/22) everyday at 10:30am

1. Do not focus on getting more income. Focus on getting more assets.

• Money does not submit to you when you trade time for money. It only submits when you have or trade assets.
• Never get into business and give away your power (resources)
• Everyone talks about money every day, they just talk about it incorrectly
• If you are making income you will never be rich

How to Get to $5,000/Month

The Vehicle to Freedom - Grant Cardone

https://www.youtube.com/watch?v=6W4o1vLDMDI 

• Money is a storehouse of wealth or medium of exchange
• If it is a storehouse of wealth, it has no value
• Money only has value when it is exchanged for resources
• Whatever you’re confident in, you have to sell something
• Find an amount to sell something for that’s comfortable for you, then do math of the number of sales it takes to get to $5,000
• Find out where the market is 
• Find out if the number of people are qualified to buy your product/service
• You have to control and have extreme access to the people who are going to buy from you
• It’s about controlling the conversation
• If you have a “save money” mindset, your mind will never or rarely expand. If you have a “generate money" mindset, your mind will expand.

Homework: Go to a congregation with more than the number of people you need to buy and listen to the complaints. Then you go back to that congregation and sell them what they’re complaining about.

Gary V on Instagram

https://www.instagram.com/p/CdZee-Agivp/ 

Closing Thoughts 

• The only way people stop following you is they lose your influence in them
• Sometimes, first rate people lose themselves, so you have to slow down and help them find themselves 

Daily Meeting - Personal Finance 19: The Difference is How You Are Buying  

• Antonio graciously shared with us how he hung out and had a great, loving time with his mom 
• You finish what you start

Personal Financial Statement Sheets

https://s3.us-central-1.wasabisys.com/40webinars/personal-financial-statement.xlsx 

• There’s something that will call you towards being great

1. God is going to lead you into trouble

• You will be alone because God can’t talk to you listening to everybody else
• You’re old enough to have done better
• What you have now pales in comparison to what you had

1. In that trouble, you will be tested
2. Should you overcome your lower self (flesh), the first thing you have to do is go back home and notify people that you’ve got some things to take care of

Closing Thoughts

• When you make things about you, you eat up God
• There are no mistakes, your character just leaves an impression
• Everything has a beginning and an end, and it will always end to the level of your character

The Prodigal Son: a social media retelling

https://www.youtube.com/watch?v=RNW-dZ8GOm0 

Daily Meeting - Personal Finance 18: Rich Dad, Poor Dad Summary

Rich Dad, Poor Dad in 20 Points

1. For most people, their profession is their income. For rich people, their assets are their income.

2. If I want to buy something, I must first generate enough cash flow from my assets to cover these expenses. Buy luxuries last, not first.

• You must become before you act
• If you don’t have any assets, stop buying stuff now
• If what you bought costs you more money than it makes you, it’s a liability (Ex: a house)
• If your customers are paying for it, it’s an asset (if it’s income-producing)
• You can’t serve 2 masters
• Ex: You can’t save for a house and have bad spending habits
• Liabilities are not a bad thing

Liabilities Amazing!

• When you purchase a house and rent it out
• When your renters pay for your credit cards 
• When your dividends pay for your bills
• Someone else’s money pays for your liabilities

Liabilities Sending You to Hell

• When you have a credit card, use it, but don’t have the income for that credit card
• When you bought into “I’ll manage my debt and borrow more than I have,” and not spend it on assets

Liability Slave

• When you think liabilities are bad
• When you’re attempting to get debt free
• Most of the world is in this category
• When you pay for your own liabilities, but you pay for it with just your income but manage your income very well

The Century Of Self YouTube Playlist

https://www.youtube.com/playlist?list=PLwAQag0YYXIRg5wegt41-kAgt7D7q3XQF 

• Whatever you can account for, you can control
• When you account for your money and write it down, you can control it
• Once you understand the money system, you can manipulate it

3. Excess cash flow generated by my assets should be reinvested into other assets.

• Create your own dividends

4. Do not simply aim for more income, aim for more assets.

Homework: View your financial situation

1. You have to be personal in your pursuit in your questions toward Antonio.
2. You’ve got to show up everyday
3. Goal: $100,000 by May 4, 2023
4. Your first benchmark is to generate $5,000/month by September 30,2022 to do a real estate deal.

• To get to $5,000/month, you have to put out $50,000/month in energy through deals, negotiations, etc.

Daily Meeting - Personal Finance 17: Owning & Controlling Resources

• When you own and control resources, the power is in your hands
• When you own control resources, you sell problems you have solved, not products
• When you sell problems you have solved, you don’t have to beg people for anything
• Only when you own and control resources do you solve your problems

Rich Folk Facts

• Rich people don’t come to win, they come to get paid
• Rich people prefer MRI (monthly recurring income)
• The wealthy don’t delay; they do things immediately 
• The wealthy do everything with the spirit of excellence
• You will accidentally become a millionaire if you do everything with a spirit of excellence
• The wealthy do things differently than everybody else
• You can’t live on Earth broke
• Wealthy people only fight vertical battles
• Wealthy people are vertical owners
• Vertical ownership is when you are the salesperson and you’re a partner in the product
• When wealthy people need a certain amount of money, they don’t go to the bank and beg; they go to their community and serve
• Wealthy people’s communities are partnerships
• The wealthy have no intentions on not being wealthy
• The only way to keep your wealth is to serve
• Inequality is big business

WHY THE RICH GET RICHER

• I have heard from many people around me that their expenses always seem to keep up with their income. They do not understand why they earn more than they used to but still have no money left at the end of the month. They struggle financially because when their income goes up, their expenses also go up. However, their assets do not increase, but their liabilities do! They work to make their boss rich, they work to pay government taxes, and they work for the bank to pay off their debts. Working harder means that you will have to hand over an even bigger share of your efforts to these three parties.
• You must decide where you exist in this society
• Money follows rules, and as long as you understand the rules, money will bend and bow to you
• The rich get richer because their assets generate more than enough income to cover their expenses, and part of the income is then reinvested into new assets, therefore increasing the generated income even further. On the stock market, net income which is reinvested is called retained earnings. Reinvesting income into new assets triggers the power of compounded interest, to which Einstein once famously referred as the "eighth wonder of the world.”
• A savvy person who understands business will keep their investments

• You will work harder than anybody else, and make less than everybody else, or your money will work harder than anybody else and have more than anybody else.
• Owning and controlling assets should be your new goal

Closing Thoughts 

• Emulate the wealthy 
• We have been talking about income generating assets, but what falls into that category? Here is a list to give some ideas:
• Businesses that do not require your presence
• Stocks
• Bonds
• Mutual funds
• Income-generating real estate
• Royalties
• And really anything which appreciates in value over time
• If you think investing is scary and just another word for gambling, then I advise you to read into the low-risk, high-return strategy used by the investment greats: value investing.

Rich Dad, Poor Dad in 20 Points

1. For most people, their profession is their income. For rich people, their assets are their income.

2. If I want to buy something, I must first generate enough cash flow from my assets to cover these expenses. Buy luxuries last, not first.

3. Excess cash flow generated by my assets should be reinvested into other assets.

4. Do not simply aim for more income, aim for more assets.

5. Keep your expenses low and reduce your liabilities.

6. Create a corporation to protect your assets and reduce tax expenses. An employee earns, gets taxed, and then spends what is left. A corporation earns, spends everything it can, and then gets taxed on what is left. This is the biggest legal loophole that the rich use!

7. Know a little about a lot. Learn something about accounting, investing, markets, the law, sales, marketing, leadership, writing, speaking, and negotiating. An investment in knowledge pays the best interest.

8. Work to learn, don't work to earn. Find a job where you can learn one or more of the above mentioned skills.

9. Do not simply buy investments. First invest in learning about investing.

10. You will become what you study, so choose your study materials carefully. Find people who are the best in their field. Then study and emulate them.

11. Every rich person has lost money at some point, but many poor people have never lost a dime. Playing not to lose money means you will never make money. "Winning means being unafraid to lose."

12. Failure inspires winners and defeats losers. When something does not work out the way you planned, let it inspire you to try a different approach. Learn and move on.

13. Be in control over your emotions. Do not let fear or opinions of the general public dictate your actions. When stock prices decline, people run away. However, when the local supermarket has a sale, people buy as much as they can.

14. Most sellers ask too much. It is rare that the asking price is lower than something is worth.

15. Surround yourself with people who are smarter than you, and pay them well!

16. Saying "I can't afford it" shuts down your brain. Asking "How can I afford it?" opens up your brain and triggers your financial genius to come up with a creative solution.

17. Pay yourself first. Each month, first invest a certain amount of money into income generating assets before you pay your bills. You come up short? Use this pressure to pay to inspire you to come up with innovative ways to get enough money to pay the bills before the bill collector comes knocking at your door. This is a difficult, but very important principle. However, it does not mean you should be irresponsible. Always pay your bills. Just pay yourself first, not last. If you pay yourself last, you would feel no pressure, but you would probably not come up with new sources of income either.

18. Have a clear purpose in mind. Why do you want to earn more passive income? For me, because I do not want to work all my life. I want to have control over how I decide to spend my time. Also, I want to support my parents financially, because they have been working hard all their life and they deserve an amazing retirement. Write down yours, because it will keep you motivated.

19. Listening is more important than talking. Do not constantly argue and think with your mouth, but instead ask questions and absorb new ideas.

20. On the market: do not follow the crowd, and do not try to time the market. Profits are made when you buy, not when you sell.

Daily Meeting - Personal Finance 16: You & Your Money Mind

• Antonio will be teaching how to build Twitter, PHP, and SQL for the tech side of the Mexit Special Internship
• When you are the majority, act like it
• When it comes to you, your money, and your mind, adopt a different attitude

Rich Dad, Poor Dad - Ch. 2: Why Teach Financial Literacy?

• An asset is anything that puts money in your pocket
• A liability is anything that takes money out of your pocket
• Anything that you’re spending money on
• The unemployment rate is not a real rate nor is it a real number
• The number is accurate for who your government decides is working class
• "Know what an asset is, acquire them and become rich."
• Your government doesn’t included everyone as middle class
• It’s not a metric for everyone

How Much You Need to Live Comfortably in 50 Major US Cities

https://www.gobankingrates.com/money/economy/cost-to-live-comfortably-biggest-cities-us/

• Middle class is judged by net worth, not income
• There is no middle class
• The global class has replaced the upper class
• There are 4 classes:

1. Poor
2. Middle
3. Upper
4. Global 

• The middle and upper classes have combined 
• You need to find some assets
• Go find $50,000 that you do not trade your time for

1. This is a state of emergency 
2. This is not a game

• That's it! Easy, huh? The trouble is that people are not properly taught how to spend their money. Many do not know the difference between an asset, something which puts money in your pocket, and a liability, something which takes money out of your pocket. Kiyosaki's main point is that the only way to become financially independent is to accumulate income generating assets which can pay for your expenses. However, many people rather buy a new car or an iPad (liabilities) instead of investing that money in stocks or real estate (assets). I recently posted an infographic which shows the difference in returns if you would have bought Apple stocks instead of one of their products.
• The fear of straying from the generally accepted life path plays a big role in the financial decision making process. However, if you do not want money to control you like it does most people, then you will have to do things differently from the crowd. Investing legend John Templeton seems to agree on this point.

2021 Poverty Guidelines

https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines/prior-hhs-poverty-guidelines-federal-register-references/2021-poverty-guidelines 

• If you own a business and have a job, that’s a family member
• Most people are in poverty despite how the government has classified them
• The 10X Rule will be the next book covered in the Personal Finance class
• Don’t spend your money
• Account for where you are and where your money is now
• All your money needs to funneled into real estate or something that acts like real estate
• Be where the government is protecting (stocks, real estate)

Betterment

https://www.betterment.com/ 

• Invest in betterment for 10 years

Daily Meeting - Personal Finance 15: The Rich Don’t Work for Money

Scholarship

• $199
• 200 people only
• All money will be donated

• Wealth can only be bought or manipulated
• You can’t learn your way to wealth
• You pay for access
• The wealthy do not work for money
• Once you get off your knees from praying, you’ve got to get up and do math
• The only way to get wealthy in a capitalistic society is to already be wealthy
• Many people work very hard, but they never seem to earn enough. In Rich Dad, Poor Dad, Robert Kiyosaki explains how to escape this "rat race" and achieve financial independence. 
• Everybody should go to school, get high grades and then get a good job, right? Wrong! Well, at least if financial independence is what you are aiming at. Our education system is the number one cause of why so many people struggle financially. Schools teach people how to work for money, but they do not teach them how money can work for them. This lack of financial skills taught in school means that even highly educated people generally do not know how to handle money. The result is that the majority of people get trapped in work to pay their bills and are chasing paychecks all their life.
• This is the sad conclusion Robert Kiyosaki draws in his bestselling book Rich Dad, Poor Dad. Luckily, he also offers a way out. A way to get ahead. The fundamental trouble with working for money is that a job is a short term solution to a long term problem. People believe that if they get that raise, or get a new job they will finally have enough. However, if you do not know how money works, you can never have enough. Money alone will not solve anything, it will even get most people into more debt. So what is the secret to financial independence? Close the doors..
• If you’ve got the skills, you don’t need to draw a salary

Closing Thoughts 

• Don’t come to Antonio and learn; leave with a skill set
• Let’s get to the point where we don’t have to sell all day
• The goal is take all of your money and put it into real estate
• Ask yourself if it’s possible that you can create a cost of living
• Stop trying to become millionaires 
• It forces you to do things that make no sense
• Just replace your income
• It’s perfectly fine starting small
• Buying wealth and creating assets to put into your bank account is what was taught today 
• Just because you’re doing well doesn’t mean you’re growing
• If you’re not doing better, you’re not doing well
• Create some assets for yourself 
• There are no mistakes
• People who don’t pay don’t pay attention
• Never ever think that when you invest in yourself, you’ve wasted money