1 00:00:00,400 --> 00:00:03,960 So the story for me, it starts, of course, of course reading 2 00:00:04,000 --> 00:00:08,599 books about nutrition. But I'm building a habit of reading books. So now 3 00:00:08,720 --> 00:00:12,480 I like reading because where I come from, it's frowned upon. We don't 4 00:00:12,519 --> 00:00:15,839 really care for reading where I come So I'm starting to like the books. 5 00:00:15,839 --> 00:00:19,039 I'm starting to like, you know, to have more information. And so 6 00:00:19,399 --> 00:00:21,440 I didn't say, hey, well if I could do this with my health 7 00:00:21,519 --> 00:00:23,920 just by reading a few books, maybe I could do this with about little. 8 00:00:24,079 --> 00:00:27,239 So I started reading more and more books. You were listening to Carrie 9 00:00:27,320 --> 00:00:33,000 Lutz's Financial Survival Network, where you get valuable information you just can't find anywhere 10 00:00:33,039 --> 00:00:39,320 else to thrive in today's trying times. You need the Financial Survival Network now 11 00:00:39,479 --> 00:00:44,799 more than ever. Go to Financial Survivalnetwork dot com and get your free newsletter 12 00:00:44,840 --> 00:00:54,600 and gift. Financial Survival Network now more than ever. And welcome. You 13 00:00:54,679 --> 00:00:59,520 are listening to watching the Financial Survival Network. I'm your host, Carrie Lutz. 14 00:01:00,200 --> 00:01:03,959 Well, person you're about to hear from. True is proof that you 15 00:01:04,000 --> 00:01:15,959 can build eight figures without major financing. Tay Sweat Dynamic success. Your journey 16 00:01:15,200 --> 00:01:21,159 from launching a Sweat for life to eight figure success. How does this happen 17 00:01:21,239 --> 00:01:25,959 tay honestly, pure great on my end, and a lot of luck. 18 00:01:26,719 --> 00:01:32,560 I always need luck. I mean always say I'd rather be lucky than smart, 19 00:01:33,359 --> 00:01:38,719 absolutely, and anyone who's successful says that too, because it's a lot 20 00:01:38,799 --> 00:01:42,680 easier to be lucky than it is to be smart. But if you're smart, 21 00:01:42,799 --> 00:01:46,239 maybe you get to hold on to some of it. If you're lucky, 22 00:01:47,120 --> 00:01:53,400 you know, you never know. So like tell us where you grew 23 00:01:53,480 --> 00:01:59,120 up, what it was like growing up there, and how you made this 24 00:01:59,239 --> 00:02:06,959 transition. Absolutely so. Born and raised in Nashville, Tennessee. Single mom. 25 00:02:07,640 --> 00:02:10,319 You know, she worked multiple jobs, so very hard working mother. 26 00:02:12,280 --> 00:02:15,680 I have a younger brother, two of us, two boys, single mom 27 00:02:15,800 --> 00:02:21,840 raising two boys. And honestly, the environment that I grew up in wasn't 28 00:02:21,919 --> 00:02:25,840 the best for you know, education, It wasn't the best who were healthy 29 00:02:25,919 --> 00:02:30,599 eating. I had a lot of you know things that I had to face. 30 00:02:30,400 --> 00:02:35,919 They called that a food desert, right, so that you can get 31 00:02:35,960 --> 00:02:44,360 as fast food, which is if you consider that you wouldn't put gasoline in 32 00:02:44,400 --> 00:02:49,439 your car that was diluted with fifty percent water, you shouldn't be putting food 33 00:02:49,439 --> 00:02:53,280 in your body that has zero nutritional value. And basically is going to kill 34 00:02:53,280 --> 00:02:59,039 you over time. Right movement, Absolutely correct, And yeah, that was 35 00:02:59,319 --> 00:03:02,479 that was pretty much's you know, my upbringing. So I played in a 36 00:03:02,680 --> 00:03:07,439 very active in sports in my childhood. But still, even you know, 37 00:03:07,479 --> 00:03:10,520 being so active, I ended up gaining a lot of weight. So at 38 00:03:10,560 --> 00:03:15,360 maybe fifteen sixteen, I was three hundred and forty pounds. Oh my god, 39 00:03:15,680 --> 00:03:19,719 wow, very overweight. Yeah, very overweight. I had ended up 40 00:03:19,719 --> 00:03:24,840 getting diabetes, high blood pressure, all the stuff that comes with the fast 41 00:03:25,039 --> 00:03:30,240 metabolic syndrome. Man, that's saying high blood pressure, high sugar, high 42 00:03:30,319 --> 00:03:36,159 cholesterol. I'm sure your your triglycerides were through the roof as well, right, 43 00:03:36,680 --> 00:03:39,360 absolutely, he's indlinget all it. Hey, that's it. Yeah, 44 00:03:39,479 --> 00:03:43,199 many been there, done that. You know. I used to weigh like 45 00:03:43,599 --> 00:03:49,919 my peak clost to fifty pounds more than I weigh right now, and not 46 00:03:50,000 --> 00:03:53,879 quite as extreme as your case, but still it takes put toll on your 47 00:03:53,919 --> 00:03:59,960 body, your limbs, your knees, your shoulders, your hips, everything, 48 00:04:00,080 --> 00:04:04,319 your body. It's just not designed to really put up with that. 49 00:04:04,560 --> 00:04:11,400 So something changed though for you. And also I assume that in the situation 50 00:04:11,520 --> 00:04:16,959 you were in, it was hard to avoid negative negative interactions with law enforcement 51 00:04:17,040 --> 00:04:21,319 too as well. Right, absolutely, if you didn't have enough, absolutely, 52 00:04:21,399 --> 00:04:25,560 so your layering it on, right, so you have all these things 53 00:04:25,560 --> 00:04:28,639 that are you know, essentially against you. But for me, I'm a 54 00:04:28,759 --> 00:04:32,199 very positive person. If you know me, you know I'm always walking around 55 00:04:32,199 --> 00:04:35,519 a smile. I'mstaying so even you know back then that was my case. 56 00:04:35,720 --> 00:04:41,160 So I'm looking around using it. I'm the very you know, I'm not 57 00:04:41,240 --> 00:04:45,160 the brightest, but I'm very common with my sense. So I'm very common 58 00:04:45,199 --> 00:04:49,560 sense type of person, and I'm very logical. So essentially I'm looking at 59 00:04:49,560 --> 00:04:54,800 around and people who have the things that I have, diabetes, high blood 60 00:04:54,839 --> 00:04:57,920 pressure, all the weight. They're a little bit older, maybe ten years, 61 00:04:57,959 --> 00:05:00,439 five years older. I'm noticing that haven't shoes. They're dying there. 62 00:05:00,959 --> 00:05:04,879 You know, they're going through things that I see myself going down that same 63 00:05:05,000 --> 00:05:08,920 road. And I don't want to deal with these things. So I'm telling 64 00:05:08,959 --> 00:05:12,839 myself, hey, if we have the same qualities or worth sharing the same 65 00:05:13,000 --> 00:05:16,680 illness, I should change this because I don't want that result. And that's 66 00:05:16,759 --> 00:05:21,000 literally where the light bulb went off in my head and from then I started 67 00:05:21,040 --> 00:05:25,920 studying at a very young age. I started studying nutrition. I was walking 68 00:05:25,959 --> 00:05:30,480 around high school with a gallon of water. Like literally, I just flipped 69 00:05:30,480 --> 00:05:34,439 the switch and changed my trajectory. So fast forward, I just boozing, 70 00:05:34,720 --> 00:05:40,319 you know, over one hundred and twenty pounds I got now to maybe hundred 71 00:05:40,319 --> 00:05:46,560 and eighty pounds. Diabetes went the way, high blood pressure and hard disease 72 00:05:46,600 --> 00:05:49,680 at all, subsibin. We stopped beating garbage. It's amazing. Now your 73 00:05:49,720 --> 00:05:57,560 body is a self correcting mechanism of organism. And probably I would venture to 74 00:05:57,600 --> 00:06:02,759 say, you're thinking cleared uply had foggy. You wake up and your brain 75 00:06:02,920 --> 00:06:08,480 you just have brain fog from all that sugar floating around there, all those 76 00:06:08,519 --> 00:06:11,800 carbohydrates. You cut them out, and all of a sudden, your body's 77 00:06:11,839 --> 00:06:17,680 burning ketones and you have such clarity, and then you can work on the 78 00:06:17,720 --> 00:06:24,439 external world. You worked on the internal world right absolutely spotal and yeah, 79 00:06:24,480 --> 00:06:28,079 that's exactly what was happening, you know, fasting. So yeah, a 80 00:06:28,160 --> 00:06:30,600 big part of my journey came from fasting. Like you said, taquitosis. 81 00:06:30,800 --> 00:06:36,759 And then you love your story, man, because so many of you out 82 00:06:36,759 --> 00:06:42,040 there don't do this, and it's not that hard. You know, all 83 00:06:42,079 --> 00:06:45,439 you got to do is shut your mouth. You're not gonna You're not going 84 00:06:45,519 --> 00:06:49,759 to become healthy going to the gym, although exercise is certainly a pillar of 85 00:06:49,839 --> 00:06:56,720 good health and vital to good health activity. But uh, if you shut 86 00:06:56,759 --> 00:07:01,040 your mouth, you stop beating garbage and fast fast thing. I've done it 87 00:07:01,079 --> 00:07:04,800 myself. The most I was able to do is three and a half almost 88 00:07:04,879 --> 00:07:09,720 four days. It sounds like you you were like on week long fast. 89 00:07:10,199 --> 00:07:14,120 Actually no so at the time, because I was still very active. I 90 00:07:14,120 --> 00:07:17,160 would do anywhere between twenty four to seventy two hours. Oh it's perfectory. 91 00:07:17,199 --> 00:07:20,800 Yeah, it didn't take a lot. I didn't do any extended I think 92 00:07:20,800 --> 00:07:25,480 the longest I've tried extended fast, and I think the longest I do was 93 00:07:25,519 --> 00:07:30,000 six days. So I didn't get to six days on water Oh water fast 94 00:07:30,040 --> 00:07:36,560 I do, like I'm not wow coffee coffee fast absolutely So yeah, you 95 00:07:36,600 --> 00:07:42,319 know I love fast and said something I still practiced to this day. It's 96 00:07:42,439 --> 00:07:46,000 very helpful for you, know when you said the cop of the function is 97 00:07:46,040 --> 00:07:51,560 amazing, Right, So if don fast and you want to be more productive 98 00:07:54,079 --> 00:08:01,319 time wise, and also commenty fastenest the way to go listens that totally agree 99 00:08:01,360 --> 00:08:05,759 with that and the and then the clarity of mind, you know, like 100 00:08:05,839 --> 00:08:09,519 I didn't know it, but myself, I just hyper glycemic my entire life, 101 00:08:11,240 --> 00:08:13,800 and when I had that three o'clock crash in the afternoon, I'd be 102 00:08:13,839 --> 00:08:18,839 ready to pass out. And even still if I eat a lot of bread 103 00:08:18,040 --> 00:08:24,000 early in the day or something sweet, I'll still get that hyper glycemic crash. 104 00:08:24,040 --> 00:08:28,879 And then when you don't have it, it's like, wow, this 105 00:08:28,040 --> 00:08:33,840 is like this, this is the way it's supposed to be, right right, 106 00:08:33,960 --> 00:08:37,080 absolutely absolutely, And you know that's that's my everyday routine as well, 107 00:08:37,159 --> 00:08:39,960 because I noticed that, you know, during the day and I get to 108 00:08:41,039 --> 00:08:43,840 work out in I make sure you know, doing my trading, and I'm 109 00:08:43,840 --> 00:08:50,720 making sure you either facet or super super low car If I do have carbs, 110 00:08:50,759 --> 00:08:54,000 it'd be berries, you know sometimes. Yeah, I know that was 111 00:08:54,080 --> 00:09:00,480 great rings of high fiber loan carbs. I'm also like big into dark chocolate, 112 00:09:00,600 --> 00:09:03,679 not too much of it, but it just doesn't have a lot of 113 00:09:03,720 --> 00:09:07,840 carbs and it's got a lot of other benefits. So hey, so if 114 00:09:07,840 --> 00:09:11,320 you can turn around your health, then you can turn around your wealth. 115 00:09:11,440 --> 00:09:18,759 Right, that's right, absolutely, So tell us your financial journey because it 116 00:09:18,840 --> 00:09:24,440 sounds like it kind of paralleled your health, your physical journey. Absolutely. 117 00:09:24,759 --> 00:09:26,879 I think I tell people to you know, to this day, it's very 118 00:09:26,919 --> 00:09:33,679 hard to have the wealth without the health. And for me, the wealth 119 00:09:33,759 --> 00:09:37,879 came after the health. I once I was able to improve my vessel and 120 00:09:37,919 --> 00:09:41,120 get it, you know, firing on all cylinders, I was able to 121 00:09:41,279 --> 00:09:46,799 read more books. I remember when you eat a very high carbohydrate, high 122 00:09:46,840 --> 00:09:52,200 sugar diet and you try to read a book. Oh, forget it all 123 00:09:52,320 --> 00:09:56,799 in a sleep, right, Hey man, it's I. You know, 124 00:09:56,879 --> 00:10:01,240 we're so similar. We grew up in totally different background. But Matt I 125 00:10:01,279 --> 00:10:05,120 was eating pretzels and chips before they came up with barbecue potato chips, where 126 00:10:05,159 --> 00:10:09,320 the is the first, in my opinion, the first biohacked food where they 127 00:10:09,360 --> 00:10:15,240 put sweet and salt and threw in some vinegar. So you can totally short 128 00:10:15,240 --> 00:10:20,039 circuit your body is satiety mechanism. You could just eat like bags of these 129 00:10:20,080 --> 00:10:22,440 things, worst thing in the world for you. And we just know about 130 00:10:22,919 --> 00:10:31,000 glycemic indexes, glycemic response. We didn't understand that, you know, the 131 00:10:31,159 --> 00:10:35,960 nutrition was telling us no, low car low fat, don't look at the 132 00:10:37,000 --> 00:10:39,639 food pyramid, just to have as much carbs as you want. Don't eat 133 00:10:39,720 --> 00:10:43,720 fat because that'll kill you. And it is exactly the opposite. So and 134 00:10:43,919 --> 00:10:46,519 you know, when it comes to building wealth, they tell us all these 135 00:10:46,559 --> 00:10:50,679 things, and there's a lot of deception going on there as well. If 136 00:10:50,720 --> 00:10:56,519 there was a wealth pyramid put up the Department of Treasury, it would be 137 00:10:56,559 --> 00:11:01,279 as deceptive as the food pyramid put out by the Department of Agriculture. Absolutely, 138 00:11:01,360 --> 00:11:05,240 absolutely they want you to I'll go to school for forty you know, 139 00:11:05,360 --> 00:11:09,360 for twenty years, and work a job for forty and you know that time. 140 00:11:09,440 --> 00:11:13,480 Yea, yeah, that's fine, that's okay if you if that's what 141 00:11:13,559 --> 00:11:16,440 you want, absolutely, but as a pathway, you know, and look 142 00:11:16,600 --> 00:11:22,879 like an average person, you buy a house in your twenties, you get 143 00:11:22,919 --> 00:11:26,080 married, you have a job, you work. I mean, if that's 144 00:11:26,120 --> 00:11:31,159 what you want to do, that's great, and you will succeed. But 145 00:11:31,679 --> 00:11:35,440 if you're eating badly, you might die before you get to realize the rewards 146 00:11:35,480 --> 00:11:39,759 of your lifetime of labor. So that's exactly where I was going. Yeah, 147 00:11:39,799 --> 00:11:45,080 because you tend to see our you know, our grandparents or even our 148 00:11:45,159 --> 00:11:50,240 parents, you know, they got to retirement age and couldn't enjoy because they're 149 00:11:50,279 --> 00:11:54,240 sick. When they were, you know, keeping up with other sick family 150 00:11:54,279 --> 00:11:58,919 members. So maybe they weren't sick, but maybe a husband and wife and 151 00:11:58,000 --> 00:12:01,039 you know, a son order, maybe they were sick so they had to 152 00:12:01,120 --> 00:12:05,639 take care of them. So your whole retirement is down the toilet because you 153 00:12:05,720 --> 00:12:11,039 have to work another job, and that job is family and sickness. So 154 00:12:11,679 --> 00:12:13,639 I see it. I see it often, see that a lot. Yeah, 155 00:12:15,120 --> 00:12:18,759 yep, yep, it's so true. So so how did you How 156 00:12:18,759 --> 00:12:22,120 did you learn to build wealth? And who taught you? You must have 157 00:12:22,159 --> 00:12:28,000 had some mentors here, absolutely plenty of mentors. So the story for me, 158 00:12:28,320 --> 00:12:31,879 it starts, of course, of course, reading books about nutrition. 159 00:12:31,279 --> 00:12:35,759 But I'm building a habit of reading books. So now I like reading because 160 00:12:35,799 --> 00:12:39,399 where I come from from, it's frowned upon. We don't we don't really 161 00:12:39,440 --> 00:12:41,519 care for reading where I come from. So I'm starting to like the books. 162 00:12:41,559 --> 00:12:45,519 I'm starting to like, you know, to have more information. And 163 00:12:45,600 --> 00:12:46,799 so I didn't say, hey, well if I could do this with my 164 00:12:46,879 --> 00:12:50,519 health just by reading a few books, maybe that could do this without will. 165 00:12:50,759 --> 00:12:52,399 So I started reading more and more books. The you know, Rachiss 166 00:12:52,399 --> 00:12:56,399 man in bab blah blah. Oh, I love that right, acre and 167 00:12:56,440 --> 00:13:01,840 acres of diamonds. I'll bet you did acres of diamonds thinking rich or that 168 00:13:01,200 --> 00:13:05,799 think and grow rich. Well this, sir, yes, sir, so 169 00:13:07,279 --> 00:13:11,639 for me and I started there and it opened my brain. It just gives 170 00:13:11,679 --> 00:13:16,919 you a clear sight of what you should be doing, different than what majority 171 00:13:16,960 --> 00:13:20,759 of people are doing. So I started business as a personal trainer. People 172 00:13:20,759 --> 00:13:22,919 saw me lost, you know, I lost so much weight to think, 173 00:13:24,080 --> 00:13:26,799 hey can you just teach us? Say, hey, of course I can. 174 00:13:26,519 --> 00:13:31,240 So I started personal training business. And this is back in maybe twenty 175 00:13:31,639 --> 00:13:37,360 thirteen, twenty twelve. Yeah, I start, you know, training, 176 00:13:37,559 --> 00:13:41,720 and I knew that I needed to get around wealth because of course in richest 177 00:13:41,720 --> 00:13:43,240 man, rich man in Babylon, that's one of the things you know, 178 00:13:43,240 --> 00:13:46,440 see if you can get around, you know, the wealth. So I 179 00:13:46,519 --> 00:13:52,840 knew that personal training will be a great area not only to exercise my superpower, 180 00:13:52,919 --> 00:13:56,120 which was how to lose weight at the time, but also I could 181 00:13:56,159 --> 00:13:58,600 get around people who could afford personal training, which is usually going to be 182 00:13:58,759 --> 00:14:07,279 some one who has decent amounts of money. Very smart. So I get 183 00:14:07,320 --> 00:14:11,519 around few, you know, doctors, lawyers. Actually one of my best 184 00:14:11,600 --> 00:14:18,759 friends that came from my personal training journey, he's a surgeon at Vanderbilt. 185 00:14:18,000 --> 00:14:26,120 And as I see a lot of my clients struggling with certain habits like nutrition, 186 00:14:28,080 --> 00:14:35,440 I'm noticing very I guess seeing it's very similar in how the discipline or 187 00:14:35,440 --> 00:14:39,799 the lack thereof in the world of finance and success. I noticed that the 188 00:14:39,879 --> 00:14:45,759 discipline might be great on the success side, but not so well the eating 189 00:14:45,879 --> 00:14:48,159 and the health side. And I noticed a lot of the people who I 190 00:14:48,639 --> 00:14:54,480 personal train and work with the nutrition, they had it together financially, but 191 00:14:54,679 --> 00:14:58,600 were struggled, you know, in the health. I get it. And 192 00:14:58,639 --> 00:15:05,000 I saw to tell myself, if I can keep my health together and also 193 00:15:05,080 --> 00:15:11,960 get the wealth, I'd be much better than these people myself. And so 194 00:15:13,000 --> 00:15:15,840 I'm talking to him. You know, his name is Manny. So I'm 195 00:15:15,840 --> 00:15:20,960 talking to doctor Manny, and I'm thinking, hey, man, I think 196 00:15:20,080 --> 00:15:24,960 if you can become a surgeon, a high level surgeon, went to Brown, 197 00:15:26,200 --> 00:15:31,519 went to Harvard, if you can do this and still struggle with discipline 198 00:15:31,519 --> 00:15:35,840 in your eating, then I'm knowing that there's much more to you and much 199 00:15:35,840 --> 00:15:39,919 more that can be done if you tighten up the discipline. So I'm going 200 00:15:39,000 --> 00:15:41,480 to practice some of the things you've done, but I want to add the 201 00:15:41,480 --> 00:15:45,840 discipline to it, and I'm going to reach this just like you did. 202 00:15:46,519 --> 00:15:48,240 And we had that talk. He said, man, you're got to be 203 00:15:48,279 --> 00:15:54,600 a rich man. And he had a crystal ball because he did come true. 204 00:15:56,039 --> 00:16:02,480 Word, that's so great. So all right, so from personal training, 205 00:16:03,600 --> 00:16:07,440 obviously you're not going to be an eight figure personal trainer. So how 206 00:16:07,480 --> 00:16:12,480 did it go from there? Absolutely not. I did get I did do 207 00:16:12,639 --> 00:16:17,679 really well for myself. One of the things I noticed, so I hired 208 00:16:17,679 --> 00:16:19,960 a coach. It's one of my first mentors. I think it was AJ. 209 00:16:21,399 --> 00:16:27,759 So AJ put in my head that the only way to reach true wealth 210 00:16:29,200 --> 00:16:33,879 is to stop training hours for dollars. Yes, I had to do. 211 00:16:33,200 --> 00:16:37,600 And so I noticed that as a personal trainer, it's hey, pay me 212 00:16:37,759 --> 00:16:41,039 and at the time it was one hundred bucks an hour. So yeah, 213 00:16:41,080 --> 00:16:44,559 I give you an hour, you give me one hundred bucks. Well, 214 00:16:44,559 --> 00:16:47,000 there's only so many hours in the day. It's only so many, you 215 00:16:47,000 --> 00:16:49,919 know, trainings that you can do a week. So we come up with 216 00:16:49,960 --> 00:16:55,200 a hybrid plan to take it to the internet. And this is right around 217 00:16:55,279 --> 00:17:00,960 the beginning of Instagram and YouTube starts to blow up. So I decided to 218 00:17:02,000 --> 00:17:07,400 start training people online. And instead of training time for money, I decided 219 00:17:07,440 --> 00:17:11,400 to create a system to where I could work with three hundred, four hundred 220 00:17:11,400 --> 00:17:17,359 and five hundred people with maybe half the time that I normally would do. 221 00:17:17,920 --> 00:17:21,119 So I charged the membership I started, you know, it was maybe three 222 00:17:21,160 --> 00:17:25,119 hundred bucks a month, and I started teaching for free on YouTube. As 223 00:17:25,200 --> 00:17:27,279 far as health goes, this is what the dude just giving value. You 224 00:17:27,359 --> 00:17:30,200 get value, you get value. And the more value I got, the 225 00:17:30,480 --> 00:17:36,160 you know, reciprocity pouring on in and people started signing up and started making 226 00:17:36,160 --> 00:17:41,400 three hundred bucks a month per person, and so yeah, we got to 227 00:17:41,440 --> 00:17:45,359 my first one hundred people and things started looking pretty crazy and thinking, oh 228 00:17:45,359 --> 00:17:48,160 wow, this is the US viral. Oh yeah, this is getting good 229 00:17:48,160 --> 00:17:52,720 before we knew what viral was. That's right. So I'm you know, 230 00:17:52,759 --> 00:17:56,960 blown away because you know, thirty k a month for me is you know, 231 00:17:57,119 --> 00:18:00,480 back especially where I coach from. Its guess a lot of monch sure 232 00:18:03,039 --> 00:18:07,240 any place you come for accident, the wealthiest people in society, thirty k 233 00:18:07,359 --> 00:18:12,599 of months is making a darn good living. Absolutely absolutely. So yeah, 234 00:18:12,680 --> 00:18:17,680 I'm thinking, now, okay, we we're onto something. So it starts 235 00:18:17,680 --> 00:18:19,720 growing and it goes from you know, one hundred people, two hundred people, 236 00:18:19,759 --> 00:18:22,880 goes to three fifty four hundred. I'm thinking, Okay, this is 237 00:18:22,920 --> 00:18:26,720 way too much money for me. I don't know how do I do with 238 00:18:26,799 --> 00:18:30,119 it. So I'm stacking money. I'm not spending anything. I kept my 239 00:18:30,200 --> 00:18:33,240 camry. I had a twenty ten camry. I just kept the can right 240 00:18:33,400 --> 00:18:37,839 live beneath your beans, Yes, sir, absolutely. And so I'm living 241 00:18:37,880 --> 00:18:41,079 in the same apartment that I was in. I litter just I just kept 242 00:18:41,119 --> 00:18:48,160 saving the money and reinvesting into the business. And I meet so my good 243 00:18:48,160 --> 00:18:52,960 friend, doctor Mannie. He introduces me to another potential client as name is 244 00:18:53,039 --> 00:18:56,960 Charlie. And Charlie really good guy. He you know, he wants to 245 00:18:56,960 --> 00:19:02,160 work with me. You know very I could tell just from his conversation. 246 00:19:02,920 --> 00:19:07,200 Uh, he's a very rich man because huh yeah, he had a not 247 00:19:07,240 --> 00:19:11,000 so will leg. His leg was pretty messed up. And he goes, 248 00:19:11,000 --> 00:19:12,599 hey, if you can help me fix my leg, I'll give you five 249 00:19:12,640 --> 00:19:22,359 million dollars. That's one you got to go for, man, Absolutely right. 250 00:19:22,400 --> 00:19:23,759 So I'm thinking I'm going, wait a minute, Okay, this guy, 251 00:19:23,960 --> 00:19:27,240 even if it's really helped a lot of money to even say something like 252 00:19:27,279 --> 00:19:32,240 that. Well, come to find out Charlie was a billionaire. Okay, 253 00:19:32,440 --> 00:19:37,119 some five million for health. That's a good trick. That's a great money 254 00:19:37,480 --> 00:19:41,920 buy health, you know, absolutely absolutely, so I'm thinking, okay, 255 00:19:41,119 --> 00:19:44,920 wait a minute, I definitely want to work with you. I definitely want 256 00:19:45,000 --> 00:19:48,920 to help you heal your leg, your leg and strengthen it up. However, 257 00:19:48,039 --> 00:19:52,640 I don't want your money, I said, I want the education that 258 00:19:52,680 --> 00:19:56,759 you have, the know how how did you become a billionaire? What do 259 00:19:56,839 --> 00:20:02,400 you do? And I really got introduced at that point to equities and else 260 00:20:02,440 --> 00:20:07,440 where. It all went straight up from there, and I then found out 261 00:20:07,440 --> 00:20:10,599 what to do with my money. How did I have, you know, 262 00:20:10,720 --> 00:20:14,759 equities and how to get equity in real estate? And you know, so 263 00:20:14,880 --> 00:20:18,759 I bought my first place and things started coming along from there and over the 264 00:20:18,839 --> 00:20:22,440 time, you know, things really got well. And that's how we reached 265 00:20:22,440 --> 00:20:27,960 those nothings of the a shigures. Really so, so, how did Charlie's 266 00:20:29,039 --> 00:20:32,039 leg do? Charli's leg got a little bit better. It was something that 267 00:20:32,079 --> 00:20:36,799 it was nerve damage that wasn't anything that could be fully huge. Yeah, 268 00:20:36,960 --> 00:20:41,119 not by me, you know, without surgery. That's what I want to 269 00:20:41,160 --> 00:20:44,960 know. I don't care about. I don't care about as contacts or anything 270 00:20:45,000 --> 00:20:48,200 else. I want to know, like how Charlie's leg worked out. But 271 00:20:48,480 --> 00:20:52,039 you know, I'm just kidding, but you know it's like, yeah, 272 00:20:52,200 --> 00:20:59,079 when when there's damage to your body, there's reversible damage. And there is 273 00:21:00,079 --> 00:21:07,559 reversible damage, right, absolutely, and so the point is that you really 274 00:21:08,759 --> 00:21:15,839 you have to prevent that irreversible damage from taking place. And easier said than 275 00:21:15,880 --> 00:21:21,880 done. But okay, so so now we're we're swimming with the sharks here, 276 00:21:22,000 --> 00:21:26,200 right, and the sharks Now, so if you had to sum up 277 00:21:26,319 --> 00:21:33,000 what wealthy people, what the difference between wealthy and poor people is in the 278 00:21:33,039 --> 00:21:37,480 middle class, what would that be? Oh, that's a great question. 279 00:21:37,559 --> 00:21:44,680 The number one thing that I've seen the differences in wealthy versus poor people is 280 00:21:45,880 --> 00:21:49,880 poor people tend to spend money on liabilities you like, you know, Robert 281 00:21:51,240 --> 00:21:57,119 Yessaki, Absolutely right, We like things like absolutely, and we take out 282 00:21:57,160 --> 00:22:02,920 debt for cars, We take out debt our shoes and the clothes and vacations, 283 00:22:03,640 --> 00:22:07,720 and that stuff does not return any money, so you're on the hook 284 00:22:07,799 --> 00:22:12,440 to pay that off later. So you're borrowing tomorrow's money for today things. 285 00:22:12,880 --> 00:22:17,640 And what I notice is that with the wealthy, you know, what we 286 00:22:17,720 --> 00:22:23,200 do is we borrow tomorrow's money to invest today. Yeah, and investment pays 287 00:22:23,440 --> 00:22:30,079 back the money and brings tomorrow money at the same time. Sutcha. That 288 00:22:30,160 --> 00:22:34,400 was the biggest thing I noticed. Okay, so, uh yeah, there's 289 00:22:36,160 --> 00:22:40,440 what Robert Kiyosaki says, and I've experienced this firsthand. There's good debt, 290 00:22:40,480 --> 00:22:45,079 there's bad debt. Good debt is enables you to buy assets that bring cash 291 00:22:45,160 --> 00:22:51,759 flow and basically pay for themselves. Bad debt is buy you know, mortgage 292 00:22:51,839 --> 00:22:55,519 for a house, which, look, it could be good debt. Honestly, 293 00:22:56,200 --> 00:23:00,000 during these inflationary times. If you could have gotten a three percent mortgage 294 00:23:00,200 --> 00:23:06,680 with the inflation rate as it is now, that's good death. But you 295 00:23:06,720 --> 00:23:10,720 know, and then cars and things like that, that's bad death. So 296 00:23:11,519 --> 00:23:15,799 uh all right, So then but then that's enough to make a few million 297 00:23:15,880 --> 00:23:19,400 maybe, But to get eight figures, how does that work? So with 298 00:23:19,440 --> 00:23:23,960 the eight figures, it's the combination of few thinks. At this time I'm 299 00:23:25,039 --> 00:23:29,880 investing, this is over of course, I see I met Charlie at maybe 300 00:23:29,920 --> 00:23:33,640 twenty five, so I was twenty five when I met Chardon, who thirty 301 00:23:33,759 --> 00:23:37,039 four now, so it was almost ten years ago. So at the time, 302 00:23:37,160 --> 00:23:41,799 I'm investing in things that and of course, you know it's one of 303 00:23:41,920 --> 00:23:47,759 Robert kiss Back his favorite bitcoin, and I'm hearing a lot of you know, 304 00:23:47,880 --> 00:23:51,359 trash is you know, cash is trash, and you know in gold, 305 00:23:51,519 --> 00:23:55,079 get in bigcoin, and get in real estate. So you know, 306 00:23:55,079 --> 00:23:59,359 at the time I'm buying bitcoin and I'm buying stocks, I'll still buy stocks. 307 00:23:59,359 --> 00:24:03,960 I like stocks. Yeah, And honestly, I'm just piling Monday into 308 00:24:03,000 --> 00:24:08,039 bigcoin, piling Bunny into I think I got a big coin. At the 309 00:24:08,079 --> 00:24:12,720 first time I bought it, it was at three thousand dollars, and I 310 00:24:12,839 --> 00:24:18,519 kept accumulating as high as eleven maybe twelve thousand, yea eleven, twelve thousand, 311 00:24:19,279 --> 00:24:26,000 and it shot up to sixty sixty eight. He had called the pink 312 00:24:27,319 --> 00:24:33,440 all the peak Soday, me and master trader Nick Santiago called the peak of 313 00:24:33,480 --> 00:24:38,480 bitcoin to the day. So I got out, Yeah, I got out. 314 00:24:38,640 --> 00:24:44,279 I saw reversal signs, but by this time I'm pretty good with technical 315 00:24:44,319 --> 00:24:48,519 analysis. I'm looking at the reversal signs and I see a nice big head 316 00:24:48,559 --> 00:24:52,240 and shoulders forming. I saw a topping tail. I saw I saw a 317 00:24:52,279 --> 00:24:57,440 few things sellers stepping in at that sixty eight thousand, so I was fully 318 00:24:57,480 --> 00:25:02,079 out. I was fully I sold my last bit coin at maybe sixty five. 319 00:25:02,440 --> 00:25:04,319 Oh man, you got it right at the top. I mean I 320 00:25:04,319 --> 00:25:08,799 didn't spy, but I knew to sell at that at that peak for sure, 321 00:25:08,799 --> 00:25:14,640 because it is a parabolic move. Markets don't support that, and people 322 00:25:14,680 --> 00:25:18,119 get sucked in, and you're either dumb money or smart money. All right, 323 00:25:18,160 --> 00:25:23,319 So fast forward to today. Where are we today? So things are 324 00:25:23,319 --> 00:25:26,720 looking well today. And I took a lot of the money that I made 325 00:25:26,920 --> 00:25:30,799 bigcoin s and P five hundred also day not day trade, more of a 326 00:25:30,880 --> 00:25:34,799 swing trade, a swing trade options. So things that neg out pretty well. 327 00:25:37,000 --> 00:25:40,480 So I've invested in a few real estate dues here and I live in 328 00:25:40,480 --> 00:25:47,480 Puerto Ricano, so bot a condo beach front condo property here in Puerto Rico. 329 00:25:47,960 --> 00:25:52,960 And that thing does pretty well performance wise as well as a red tool. 330 00:25:53,119 --> 00:25:57,039 So we ranked it out and you know, honestly, we're just looking 331 00:25:57,079 --> 00:26:02,119 for the next big thing. I'm looking. I'm checking my charts and I'm 332 00:26:02,119 --> 00:26:06,400 looking and I'm seeing what is the next opportunity. But honestly, I'm seeing 333 00:26:06,440 --> 00:26:10,680 some things play out here. So I'm waiting for a pullback in the market 334 00:26:10,720 --> 00:26:14,799 here. I feel like the s P five hundred and is in a wave 335 00:26:14,920 --> 00:26:19,279 down. People have a wave see down maybe too, I say maybe thirty 336 00:26:19,640 --> 00:26:23,000 eight hundred, thirty eight hundred my SP five hundreds. What I'm looking for 337 00:26:23,480 --> 00:26:29,079 as little as maybe three thousand, I think, so, so that's like 338 00:26:29,839 --> 00:26:33,200 almost a third of what off of where it's at today. Right Absolutely, 339 00:26:33,240 --> 00:26:38,720 we're sitting at roughly forty f week three three and some change, so forty 340 00:26:38,759 --> 00:26:41,880 two forty three. You know, I don't watch it every day because it 341 00:26:41,960 --> 00:26:47,799 drives me insane and I'm not a trader. Yeah, but it's all good, 342 00:26:47,920 --> 00:26:52,559 right absolutely absolutely, so, so yeah, I'm looking at you know, 343 00:26:52,599 --> 00:26:56,480 we have five waves down. I'm looking at the bigger timeframe and I'm 344 00:26:56,519 --> 00:27:00,240 looking at uh, you know, usually when you see a five wave five 345 00:27:00,279 --> 00:27:06,920 way movement, it's usually gonna be a bearish move. So this olish move 346 00:27:06,960 --> 00:27:10,319 we've seen over the last maybe six months, maybe even a year, because 347 00:27:10,319 --> 00:27:14,920 I want to say the bottom was October twenty two, So the bottom of 348 00:27:14,920 --> 00:27:18,680 October twenty two we had a rally. I think this was our ABC up 349 00:27:18,319 --> 00:27:23,480 or corrective move. So i'd like to see a move lower. Yeah and 350 00:27:23,720 --> 00:27:27,119 yeah. At that lower move, I'll definitely be looking to load up because 351 00:27:27,119 --> 00:27:32,920 I see I see some pinions of potential five thousand on the S five hundreds. 352 00:27:33,079 --> 00:27:37,440 I'd like to get any of that load. Uh huh, Okay, 353 00:27:37,160 --> 00:27:41,279 So we should be selling right now or should we just get out and wait 354 00:27:41,319 --> 00:27:44,680 for it to When do you think it's going to turn around? I don't 355 00:27:44,680 --> 00:27:47,880 think it's on the turn around yet. I personally have us moving up another 356 00:27:48,200 --> 00:27:52,240 I'd say maybe forty. So if we're forty two forty three hundred right now, 357 00:27:52,359 --> 00:27:56,319 I see maybe forty fives before or out with back to bushit. But 358 00:27:56,359 --> 00:28:00,759 I may start adding to a position maybe around swy false wave. That's I 359 00:28:00,839 --> 00:28:04,200 usually scale in I'm doing you're doing ETF, So what are you doing? 360 00:28:04,799 --> 00:28:08,599 So I usually trace the spiders, so the spy s B why, yeah, 361 00:28:08,680 --> 00:28:14,400 I'm sure the five hundred. Yeah, got it. I like I 362 00:28:14,519 --> 00:28:15,559 like to see a move up just a little bit, and maybe I'll love 363 00:28:15,599 --> 00:28:21,079 to fade it down down to four hundred three eighty on the spine and yeah, 364 00:28:21,160 --> 00:28:23,880 we're looking to grab some long so I can take in up over the 365 00:28:23,960 --> 00:28:29,720 next few years. All right, cool. So what about leverage using leverage? 366 00:28:29,920 --> 00:28:34,319 Well, obviously, if you're buying futures, you're leveraging. But in 367 00:28:34,440 --> 00:28:38,519 general, training people, what do you do? Uh? With training people? 368 00:28:38,599 --> 00:28:44,440 I absolute littlely stay away from leverage. Absolutely, I don't think it's 369 00:28:44,640 --> 00:28:49,559 more especially starting out. I'd rather people practice with the cheapest or the most 370 00:28:49,720 --> 00:28:53,279 or the least risk. So we buy shares, We say, hey, 371 00:28:53,799 --> 00:28:56,680 get in. If it moves five dollars, you lose five dollars a year. 372 00:28:57,000 --> 00:29:02,279 Right, It's something that you can stomach versus you know, leverage. 373 00:29:02,799 --> 00:29:06,759 You know I've seen crazy leverage, especially the crypto world. Yeah, oh 374 00:29:06,839 --> 00:29:11,359 yeah, well you see what's happened to Sometimes they're so leverage they don't even 375 00:29:11,440 --> 00:29:18,799 own the actual crypto, like Sam the Freedman right to name bank freed Absolutely, 376 00:29:18,839 --> 00:29:21,279 so I don't I'm not a big fan of the leverage. Yes, 377 00:29:21,319 --> 00:29:25,039 this is a great opportunity if you know exactly what you're doing, But even 378 00:29:25,079 --> 00:29:26,920 in my case, I'm pretty good at what I do, and I still 379 00:29:26,960 --> 00:29:32,880 don't believe in leverage, not too much lever, so to your point once 380 00:29:32,920 --> 00:29:37,839 the thing is futures do like options as well, but I'm not going too 381 00:29:37,839 --> 00:29:41,279 crazy with the leverage, and even with the trading futures and options, I'm 382 00:29:41,400 --> 00:29:47,079 very conservative with myes. I'm not, you know, betting the house. 383 00:29:48,279 --> 00:29:52,759 Yeah, I'm I'm Hey, I'm with you one hundred percent. Hey, 384 00:29:52,039 --> 00:29:57,000 we want to find out more about you want to do. I want to 385 00:29:57,000 --> 00:30:00,960 connect with you on the web. How do you do that? Absolutely so. 386 00:30:00,960 --> 00:30:06,000 I'm pretty active on Instagram, so at taste, wet, t a 387 00:30:06,279 --> 00:30:11,480 y, sweat and there. If you have any questions or anything, just 388 00:30:11,519 --> 00:30:14,480 send me a message to DM. I do answer my DM, no matter 389 00:30:14,519 --> 00:30:18,240 how big my follower is, I will answer. All right, So we 390 00:30:18,319 --> 00:30:22,279 got it. We got a link in the show notes to your site on 391 00:30:22,359 --> 00:30:26,720 Financial Survival Network dot com. It's in the show notes for this interview. 392 00:30:26,400 --> 00:30:30,559 While you're there, sign up for your free newsletter. Okay, we're going 393 00:30:30,640 --> 00:30:33,559 to have you on again because I have like a lot of topics I want 394 00:30:33,599 --> 00:30:40,440 to cover with you. I find your story personally very inspiring, gives me 395 00:30:40,599 --> 00:30:45,400 hope for thank you for a lot of people that really don't have hope. 396 00:30:45,480 --> 00:30:49,200 Now and I get the idea that you give back to the community and you're 397 00:30:49,200 --> 00:30:53,759 trying to bring as many people with you as you possibly can, and that's 398 00:30:53,799 --> 00:30:56,680 to be commended. Hey, we will talk to you again. If you 399 00:30:56,759 --> 00:31:00,720 got a question for Tay or myself. I hope you do. You've been 400 00:31:00,759 --> 00:31:04,839 in a situation like Tay, let us know. The email address is kl 401 00:31:06,160 --> 00:31:08,960 at Carrie LUTs dot com. Hey, you're on our list. We'll talk 402 00:31:08,960 --> 00:31:11,960 to you again real soon. Thanks so much. Thanks moving Gary talk. 403 00:31:12,039 --> 00:31:18,160 So thanks for listening to Carrie Letz's Financial Survival Network, your solution to today's 404 00:31:18,319 --> 00:31:23,759 trying times. For the latest, go to Financial Survivalnetwork dot com. Financial 405 00:31:23,880 --> 00:31:27,039 Survival Network now more than ever