Bedros Keuilian Podcast Show - 190. Gurus Make Wealth Complex So You Stay Broke. Here Is The Simple Truth

Episode Date: May 19, 2026

42% OFF - Get your Digital Man Up book + Audiobook + 2 Exclusive MASTERCLASSES https://bit.ly/manuptribeOPEN A FIT BODY LOCATIONA High-Profit, Scalable Gym Franchise Opportunity Driven By Impacthttps://bit.ly/bedrosfbbGurus Make Wealth Complex So You Stay Broke. Here Is The Simple Truth | Ep. 0190In this episode, I'm breaking down the six wealth-building frameworks from a 2,000-year-old book that still beats every modern financial strategy out there. I'm going to show you why the "complex" money advice you keep seeing online is designed to keep you broke — and how saving, investing, and growing your income the simple way is all it really takes to build lasting wealth.

Welcome to the Bedroft's Coolian show. I was rolling with Lorenzo and a Benzo. I was banging with a gang of instrumental. Guys, what if I told you that the best financial advice ever written is over 2,000 years old? Best of all, it actually beats the modern day money strategies that you're going to find today on social media and the YouTube's. Welcome to the Bedros Koolian show. My name is Bedros Koolian. And today that's exactly what we're going to talk about, money strategies and wealth creation strategies that are over 2,000 years old.

and it actually holds better today than the new complex strategies that you see out there. No, it is not money strategies from the Bible. I know the Bible has great financial money strategies, but this is from a different writing source. And at the end of this episode, I will reveal what that source is so that you can get it and die further into it. Because this particular strategy that I'm going to share with you has been a very, very massive part of the wealth creation

that I've had over the last two decades. and the wealth creation moving forward. It's what I've taught my children, and it's what I teach my coaching clients as well. And so I want to dive into the six frameworks that you can use to create wealth for yourself. Whether you have a job, a career, or you're in business, this is applicable for you if you want to create long-term wealth

and not have to fear where your source of income is going to come from in the future. So let's dive into it. First of all, I want you to understand that modern financial advice and wealth-creation, and wealth creation advice is complex on purpose because it truly needs to be simple, but it's complex on purpose. Because if they can make it seem complex on social media, on YouTube, on podcasts,

then you are going to be forced to join their course or coaching program on wealth creation so that you can get their advice. And there's nothing wrong with having a great advisor. But what I'm going to teach you and what holds true for over 2,000 years is actually very simple. So I want you to understand wealth creation is simple. It may not be easy, but it is simple. And it does not need to be complex. Just like

working out. You look at all the different ways that the bro sciences talk about on social media and YouTube about working out. The sets, the reps, the tempo, the angles. Come on, dude. Get off the couch. Start lifting. Start eating low fat, low carbs, high protein. Just that. And you'll

start seeing amazing results. But the more they can complicate it, the more they can make it seem scary and complex, and you could actually overtrain and end up hurting yourself and doing it wrong and wasting time, and don't you need our coaching? Well, yeah, coaching is great when you plateau. But if you've never worked out and you've got this like 30, 40, 50, 100 pounds to lose,

get your ass out there on the sidewalk and start walking, running, jogging, get in the gym and lift and actually avoid the bullshit stuff that you're eating. And you're instinctively know, you already instinctively know what the better stuff is. Start eating those and you'll get it. massive results. But if you start watching social media and YouTube, you're going to be so inundated with information on eating right and working out right. And all of a sudden, you're going to be like, man, this is so complex. This is so overwhelming. I don't know where to begin. Unless I have the money to buy a course or coaching, I guess I should just wait. And that ain't how it is, man. Everything in life

is actually a lot simpler than you think. People out there will make it more complex so they can extract your money. So with that further ado, let's talk about wealth creation, what's helped me, and what's going to help you. It's six frameworks. It's simple. It's not easy and it does not need to be complex. Framework number one, pay yourself first, period. Guys, quick interruption to the Bedrose Coolion show. I want to tell you about the Man Up bundle that I have for you for $29 and 100% of it goes to Shriner's Children's Hospital where we're going to do a lot of good and you're going to build an awesome business and have a great life because of it. You not only get the digital version of my international bestselling book, Man Up. You also get the audiobook version of it and

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Peace. Pay yourself first. What this means is, let's say you're even getting a... You might be like, well, that doesn't apply to me. I don't have a business. I have a job, a career. Cool. Let's say you get $6,000 a month in salary, right? If you get $6,000 a month in salary, you like Beto's, I got paid.

Well, you did. But what most people do is once they see the taxes go out, then they start paying whatever bills they have, and then they use the rest for impulse purchases or for, you know, ordering food online and all this stuff. And boom, your check disappears. Pay yourself first means if you got $6,000 that came in and let's say you paid your taxes out of that, right? Even before your taxes, what is 10% of $6,000? $600. Pay yourself first means can you put away 10% of that each month for yourself for a rainy day

to be used to invest, right? That is what pay yourself first means because 85% of people out there do not have a savings account or even more than a, you know, $200 in a savings account for a rainy day. What happens when things get hard? Income dries up. Inflation continues to go up. Gas and groceries go up. God forbid you get injured and you can't work. You have no rainy day money.

Now, if you can carve out 10% from all of your income and put it in a savings account somewhere to be used later towards an investment, which we'll talk about in a second, now you're paying yourself first. So save 10% of your money that you're getting each month in some kind of an account. And if you can do that,

what you're doing is you are now automating wealth creation. Now, don't think you can do that by making it a habit and going into the app and transferring 10% every month. That's not going to happen. You're going to lie to yourself and you're going to say,

yeah, I can do this on my own. You can't set up an automation through your banking app so that soon as a direct deposit happens and money comes into your bank account, 10% of it gets shuttled from that checking account right into a savings account that you do not touch.

unless, and I'll show you some unless isn't just a minute, so hang in there. And when you do that, you make what should have been habitual, you make it automatic. And by making it automatic, there is no impulsive, well, I'll just put, you know, $1,200 away next month. And next month becomes next month and next month and next month before you know it. Again, you're broke, right? So pay yourself first. It's massively important to do that. 10% of your money should be automatically moved right into a savings account through technology, not through a habit because it won't happen, right? So I would love to get your guys' commitment in the comments if you're watching this on YouTube. Tell me that before your next paycheck comes, tell me in the comments,

yes, I commit to setting up a 10% extraction from my checking into a savings account that I won't touch. That is the greatest commitment you can do. And when you make that commitment, be consistent with it. And as soon as this episode is over, go into your app and set that up. Framework number two, control your expenses. So now that we know we're taking our money and saving 10% of that on a regular basis automatically, you got to control your expenses, right? You got to budget intentionally. What I mean by that, it's too easy to start all these different subscriptions,

to start eating out, to start ordering through the food apps that give you an extra surcharge, to start these impulse purchases because you're like, man, I need that and I want that, it makes me feel good. Or just to buy shit, just to keep up with the trends or to keep up with the Joneses. Who cares that everyone is wearing this particular thing or everyone has the booboos hanging off their purses, whatever? It doesn't fucking matter, does it? If you can budget accordingly, then you will actually end up stacking money. See, a lot of you probably said earlier when I talked about framework number one, Bezos, I don't have the 10% to put away. I use my entire

paycheck. I'm telling you right now, you can audit all your expenses, and I bet you can cut 10% from your expenses, if not even 20, 25% from your expenses on things that you don't need, things that you don't necessarily, you can live without, things that aren't necessarily adding any kind of asset value to your life. They're more of a liability. They're extracting, right? And if you can cut that, you can save that extra 10%. And when you start budgeting, when you start budgeting intentionally, you find yourself

every month auditing where the money is going. It almost becomes this awesome game where, man, how much more can I cut? Hey guys, quick interruption to the Veddros Koolian show. Listen, if you're like me and you love fitness, you love helping people and you love being an entrepreneur, you might want to open up a Fit Body Boot Camp gym. Doesn't matter what day of the week, what time the session is. FitBody Boot Camp locations are full of clients getting amazing results. With hundreds of locations across the United States and Canada, we are helping people burn fat and build muscle while helping entrepreneurs like you develop business models that are successful and have reoccurring revenues. So if you think FitBody Bootcamp might be a great business model for you,

then I want you to go to FitBodyBooCamp.com. I want you to click the franchising link, fill out the application to see if there's a territory available in your town and your area. And who knows, if you're a good fit, we will invite you to the Fit Body Boot Camp family. Now back to the show. See, not enough people out there are willing to sacrifice today for three to five years in order to have massive wealth for the next 15, 20, 25, 35 years. That's really what it is because wealth and saving money and investing it properly starts compounding on itself, right?

So if you can start controlling your expenses, budgeting intentionally, and auditing all the places that you're spending money on that you shouldn't be spending money on, you're going to do yourself a lot of value. All right. So framework number three, make your money grow, right? So now that we're saving and now that we're cutting expenses, by the way, I have seen multi-millionaires reach out to me and say, hey, man, I won't mention who. But I've had two pretty big names in the past reach out to me, like who own really big companies, right? Like they own

product companies. And I know financially they do well. But they're like, hey man, I need to start some kind of a coaching business. I was like, oh, cool, man, no problem. I'll teach you how to start a coaching business. I've been running masterminds and private coaching for a long time. No worries. and they'll tell me in confidence that I'm doing this because my personal expenses are through the roof, not company expenses, their personal expenses are through the roof, so they're starting a side gig. That's the entrepreneur's way of getting a second job because they can't manage their expenses, too many cars, too much leasing of private jets, too many things that they need to flash on social media, and now they're running out of personal income, and so they're starting a coaching business to make an additional

few hundred thousand dollars more per month to be able to control their expenses. Well, you know what's going to happen, right? No matter how much money you make, there's still more shit that you can buy. And so those same people ultimately probably ended up just spending that money, buying more shit and getting themselves into further debt, or at least close to debt, and therefore need to start a third thing, which is unfortunate because the whole idea of being an entrepreneur is to make money so you can buy back your time and have freedom to spend with the people that you love and to focus on your health and to travel and have experiences and to be able to donate to causes that are meaningful to you. It's not to buy all

these things and subscriptions and all this shit to end up getting yourself stuck in some spending cycle where now you have to have multiple jobs or businesses just to be able to keep up with your expenses. So framework number three is make your money grow. Invest your money. Look, savings alone won't make you rich, right? We said put 10% away into a savings account, but that's not going to make you rich. You have to make your money work for you. Well, Pedro's, how do I make my money work for me? There's money market accounts that you can put in. There's the S&P 500, which regularly goes up by average of, you know, 8 to 10% a year, 8 to 10% a year. So that money that you're putting away, let's say, the 10% that you're putting away, if on a $6,000 paycheck, that's $600,

What if you were to put half of that $300 into some kind of an index fund or a money market fund or a S&P 500 where you're getting 8 to 10% back? Or if you have a job, you start investing that extra $300 a month into a business that you're going to start, that maybe you're going to develop some skill and add some value to humanity doing these things. on nights and weekends to be able to get yourself further ahead in life. See, it's okay to suffer for three to five years to be able to build that wealth for the next 35 years. So many of you aren't willing to do that because you're thinking such short term. So when you start investing your money, you want to invest it in yourself, in your business, even in real estate. You can start joining real estate funds. And believe it or not, you can put like $300, $500, $1,000 in at a time. or you can let the money accumulate over six, seven, eight months and then put a chunk in.

And then now you've invested and you own a little portion of this apartment complex and you're getting cash flow back on the money that you've invested. And then whenever you want, you can take that money back out if you're ready to invest it in a business for yourself, right? And so when you realize that the strategy is to save money, to cut back expenses, and then you go to framework number three, which is to make your money grow. by leveraging multiple different things. For example, I've got money in crypto in the S&P 500.

I invest in my own businesses. I invest in real estate and I invest in other people's businesses as well. Like Fuel Hunt is one of the businesses that I've invested in. I'm an equity holder, right? And so there's a cash flow opportunity there for me. And as the company grows and when it sells to some bigger organization, there's a payday opportunity on the back end for me as well. same with all businesses you can grow a business big enough where it's now lucrative and exciting

for some other company or private equity to buy it happens all the time with apps with supplement companies apparel companies franchises you name it you could be the guy or gal that starts that and you could be the one taking your business there so if we've done that now we go to framework number four which is to guard and protect your wealth so this is a byproduct of a couple simple things One, when you're making good money, keep your mouth shut. You don't have to share with people how much money you make, where you invest your money, what you do with your money, how much cash flow you're getting in, because when you do, all of a sudden, people come out the woodwork wanting to borrow money, wanting to take advantage of you.

And then they start doing this thing that I'm going to talk about, which is offering you opportunities for investments. And if you could avoid bad investments, bad investments show up as things that look too good to be true. You know, I said I invest in crypto, but I invest in known quantities, right? Amounts that I'm willing to lose, but I invested in Bitcoin and Ethereum. Because I know that those are the winning cryptos. They're stable. It's not ups and downs. It's not a meme coin or something that's going to spike and then pump and dump. It's something that is consistently showing me a positive return on investment. But again, I only put a portion of the money that I want to invest into

crypto because I'm leveraging multiple different investment opportunities. But if an opportunity seems too good to be true, right, maybe a friend comes to you with a hot crypto tip, like, hey, this is the next big meme coin or an investment opportunity that just, you know, your gut tells you, this sounds too good to be true. Like I put in a thousand bucks now, I get 10,000 back in 90 days. that doesn't unless you're doing some business with a fucking drug cartel that ain't happening you know that right that ain't happening and so one of the greatest things of wealth creation is wealth protection and if you know how to avoid shady fly-by-night bad investments you will end up saving so much money that you would otherwise end up dumping because your greed glancy crete and you get excited about fast money quick money

quick turnaround, and you end up losing it all. I can't tell you how many people I know, myself included, that have fallen for that in the past, and it's a really unfortunate thing, man, because you work hard making that money. You work your nuts off making that money, and then boom, a promise that it sounds too good to be true,

your greed glance secreted, you weren't thinking clearly, and bam, you made that investment. By the way, if you've ever made investments in things like that, that later you found were either scams or they were promises that weren't coming true, or it was a pump and dump. Let me know in the comments below. We could all kind of share what's worked for us

or hasn't worked for us in this particular case. All right, so framework number five, ensure future income. I can tell you this. You are not going to be working this hard the rest of your life. And you might think that money that's flowing in today is going to keep flowing. I'm 51 years old.

I've lived long enough, and I've got mentors like Jim Franco, who's now 82 years old, and I've got many other mentors who are much older than me, who have shown me through their life experience that money is ebbs and flows. There are seasons where you're making good money, but as you get older, times change, technology changes, offers change, and hell, you know about big businesses, big businesses and brands that you knew of 15 years ago are no longer in business, right? those companies probably never thought once that they'd be out of business they never thought

that technology or the internet or social media would take away what they built but it did and so the reality is one you're going to get old and tired and you're not going to have the energy right we all are we all are what kind of money do you have put away for the future you know i was talking to my therapist the other day um and we got to talking and he said one of his one of his patients is a financial advisor. The financial advisor was just like shaking his head and he was showing his frustration with his clients who are investing but not enough money. And so the financial advisor, this is Kevin telling me the story. My therapist telling me the story of his patient. Obviously, he protected the guy's name and what he did, what, you know, who he is, et cetera. But he said, the guy was frustrated because

he said back in the day, retirement was easy. You know, you pay into social security, your whole life when you work, you retire at 65, and the guy goes, then you die at 68. That's it. Simple. Retirement was easy, right? There was enough Social Security money to take care of you between 65 and 68. And I get it. That's a joke. And all joking aside, today, man, people are living longer. My dad is going on 92 years old. He's about to be 92 years old. I can tell you this. He did not plan. He had his own little tailor shop. He paid for his house. And I made sure that it. it's paid off, and I make sure we pay the property taxes, but look, I take care of him financially. Like the money that he had saved, he's gone through.

His social security is not enough for the times that we live in, but that's okay. He's got me, right? And he's got his other kids who take care of him, and that's important. But what if he didn't? And I can tell you this, he feels horrible about it. He feels guilty about it. Every time I go visit him, he's like, you've got to stop paying for him. for this, you know, living caretaker for me. You got to stop paying for this. Dad, what are you

going to do? He goes, put me in an old folks home. Dad, I'm not going to put you in an old folks home. You're going to live in the house that you and mom ended up buying some 40 years ago, right? And I shared this with you because no one ever thinks that I'm going to live this long and life might get that expensive and so I might need more money. I'm here to tell you right now. Like in addition to guarding and protecting your wealth, you've got to ensure your future, which is what this framework is about. So you've got to plan for retirement. That doesn't mean you have to stop working.

I don't ever plan on stopping working. My mentor, Jim Franco, was 82 years old. He hasn't stopped working. But life has gotten more expensive and he lives a very good life because he has made those investments back in the day in IRA accounts, in real estate, in index funds. He's invested in other businesses. he's got cash flow coming in. And because of that, between that and his business, Autolog,

he's doing great. He's stacked a lot of wealth. The goal is for you to die and for your family to inherit your trust, not your will, the trust. Because the will, there's a big tax that gets paid on that. A trust, especially if family members are executors of the trust, there's no tax on that, right? So you would protect that.

This is part of the protection, ensuring your future income. As you build this wealth, put it all under a trust. Talk to an attorney and learn how a trust works and how you can get the right people to manage your trust, as in your kids. So that when you pass, there's no inheritance tax being paid. And if you pass broke, your kids are going to have to take care of these taxes for you, right? Because there's a death tax to everything. But if you can start factoring in for the future, then you'll be not only looking out for yourself,

but you will be helping your kids for the future who, quite honestly, shouldn't have to take care of you financially. I take care of my dad with pride and with honor and I love him and I will do it for as long as he lives. And I want him to live a long life, but I could see how that weighs on him. And I would never want that for me. I would never want my kids to have to financially take care of me because I was thinking too short-sighted and didn't plan for the future. And that's an important thing, man. 401Ks, IRA account, long-term investment, stacked up now if you're in your 20s and 30s,

they're going to pay off dividends in your 60s, 70s, and 80s. And so framework number six, the last and final framework here is to increase your earning ability because the reality is what you're making now is not enough. what you're making now compared to what you were making six years ago, that you're probably making 10 to 15% more money between now and six years ago, 2020. Yet life has gotten at least 50 to 70% more expensive. So if you're making 10 to 15% more in the last six years,

but life has gotten 50 to 70% more expensive, you could see that your take-home money is less. That means you have to increase your earning ability, right? That means you have to learn to invest in yourself. You have to develop skills, right? You have to develop income opportunities. And that might mean developing skills like in learning how to sell. If you're in an organization and you're like, man, I want to make more money.

Whatever organization you're in, you move into sales and you get good at it, you will immediately start making more money via commission. Or marketing, lead generation. People will pay handsomely to get attention for their product or service. Learn to market. Learn how Facebook and meta ads work. Learn how YouTube ads work. Learn how you can drive traffic on LinkedIn.

Learn how organic social media posts can go viral and start doing that for small businesses in your community. Pick up a small business or two that you either sell for or that you do marketing for and you'll immediately start generating an additional $2,000, $3,000 a month. Put 100% of that away into that savings and then invest it in the vehicles that we talked about, right? How awesome would that be? but you have to figure out how to create multiple income streams for yourself.

The single income stream model no longer works in this day and age. It doesn't. If you have one single income stream and you're like, yeah, but I'm union, I'm protected, it doesn't matter. It doesn't matter. You need multiple income streams. And I don't want you to go out and drive for some ride share app or for some food delivery app.

I don't want you to trade time for dollars that way. You could trade time for dollars by being in your home. home on nights, two or three hours on a weekend, and have a client or two that you're selling for making an additional $1,500 to $3,000 a month. Like, that's a cool thing to do. And before you know it, as you develop these skills, it could be learning how to manage AI for a company. Like, who wouldn't pay you $3,000 to $5,000 a month to manage the AI platform in their

company that's going to replace three to five different employees? They'd rather pay you $5, $6,000 a month on top of the job that you have for you to be a part-time manager of that AI platform that saves them $200,000 a year because of the three to five employees that it's going to replace. So whether it's sales or AI or leadership or marketing, there are skills out there that you can develop for free through podcasts, YouTube, social media, and books where you can become valuable on a part-time basis to another organization. And who knows?

Maybe you start meeting others and you start creating an agency and you develop a partnership with someone. And now you leave your job or your career and you start a business where you are in greater control of your financial economy. What a great thing to do, right? So if you're wondering where these lessons are from, well, I'm going to tell you. But before I do, I want to just reiterate everything to you, save consistently. Don't be a stupid spender.

Invest wisely. Think long term. Avoid unfamiliar and just slimy investment opportunities and increase your ability to earn. And if you do that over time, it will compound and you will have true wealth. Beyond rich, you will have wealth. And where this is from is from a book called The Richest Man in Babylon. It's a great book.

The author's name is George Clefell. And even though the book was published in 1926, the lessons in it are equally valuable today as they were back then. I might even say more valuable today than they were back then because these types of lessons are not being taught because they're too simple and they make too much sense. The stuff they're teaching you out there is scary and complex and they try and overcomplicate it on purpose so that you will be afraid and you will end up investing in some level of coaching or, course or something. You don't need to do that. Not yet. First thing you need to do is take these six principles from the book, The Richest Man in Babylon, and Apply them to Your Life. Hell, start with one principle. And it would be principle number one, which is to carve out 10%, and automatically move it every month to a savings account. Guys, I hope you got a lot of value from this episode. I hope you

go out and get that book, The Richest Man of Babylon or in Babylon. I certainly don't make any money from you buying that book. It's a book that has helped me, and I know it will help you. But above all, remember this, that averages the enemy. Success is your responsibility, and change can take place in an instant if you are willing to flip the switch. I'll see you next time.