We finally have news that only reports on how we can make more money and retire faster, with the legacies we deserve. 

https://mexitverse.com

Mexit News, a division of Antonio T Smith Jr. LLC, is quickly becoming one of the world's most respected and trusted sources for news and information because of its "no-politics" and "no fear or drama" stance. Mexit, which stands for "Middle-Class Exit" is the world's first news company that is solely dedicated to adding to the wealth of its audience. Its reach extends to 7 countries, video-on-demand services, and social media sites around the world. 

#mexitnews

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

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Privacy & Opt-Out: https://redcircle.com/privacy

We finally have news that only reports on how we can make more money and retire faster, with the legacies we deserve. 

https://mexitverse.com

Mexit News, a division of Antonio T Smith Jr. LLC, is quickly becoming one of the world's most respected and trusted sources for news and information because of its "no-politics" and "no fear or drama" stance. Mexit, which stands for "Middle-Class Exit" is the world's first news company that is solely dedicated to adding to the wealth of its audience. Its reach extends to 7 countries, video-on-demand services, and social media sites around the world. 

#mexitnews

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

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

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

In that trouble, you will be tested

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

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

We finally have news that only reports on how we can make more money and retire faster, with the legacies we deserve. 

https://mexitverse.com

Mexit News, a division of Antonio T Smith Jr. LLC, is quickly becoming one of the world's most respected and trusted sources for news and information because of its "no-politics" and "no fear or drama" stance. Mexit, which stands for "Middle-Class Exit" is the world's first news company that is solely dedicated to adding to the wealth of its audience. Its reach extends to 7 countries, video-on-demand services, and social media sites around the world. 

#mexitnews

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

No show notes today. Just remember your life is not about you.

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

We finally have news that only reports on how we can make more money and retire faster, with the legacies we deserve. 

https://mexitverse.com

Mexit News, a division of Antonio T Smith Jr. LLC, is quickly becoming one of the world's most respected and trusted sources for news and information because of its "no-politics" and "no fear or drama" stance. Mexit, which stands for "Middle-Class Exit" is the world's first news company that is solely dedicated to adding to the wealth of its audience. Its reach extends to 7 countries, video-on-demand services, and social media sites around the world. 

#mexitnews

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

We finally have news that only reports on how we can make more money and retire faster, with the legacies we deserve. 

https://mexitverse.com

Mexit News, a division of Antonio T Smith Jr. LLC, is quickly becoming one of the world's most respected and trusted sources for news and information because of its "no-politics" and "no fear or drama" stance. Mexit, which stands for "Middle-Class Exit" is the world's first news company that is solely dedicated to adding to the wealth of its audience. Its reach extends to 7 countries, video-on-demand services, and social media sites around the world. 

#mexitnews

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Daily Meeting - Personal Finance 18: Liabilities

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.

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

We finally have news that only reports on how we can make more money and retire faster, with the legacies we deserve. 

https://mexitverse.com

Mexit News, a division of Antonio T Smith Jr. LLC, is quickly becoming one of the world's most respected and trusted sources for news and information because of its "no-politics" and "no fear or drama" stance. Mexit, which stands for "Middle-Class Exit" is the world's first news company that is solely dedicated to adding to the wealth of its audience. Its reach extends to 7 countries, video-on-demand services, and social media sites around the world. 

#mexitnews

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

Personal Finance 17: Owning & Controlling Resources

5/4/22

• 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.

Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy