The Breakfast Club - Marvin Mitchell, Ash Cash & Storm Leroy On How To Make, Manage & Multiply Your Money

Episode Date: September 21, 2022

Marvin Mitchell, Ash Cash & Storm Leroy On How To Make, Manage & Multiply Your MoneySee omnystudio.com/listener for privacy information....

Transcript
Discussion (0)
Starting point is 00:00:00 Had enough of this country? Ever dreamt about starting your own? I planted the flag. This is mine. I own this. It's surprisingly easy. 55 gallons of water, 500 pounds of concrete. Or maybe not. No country willingly gives up their territory. Oh my God.
Starting point is 00:00:16 What is that? Bullets. Listen to Escape from Zakistan. We need help! That's Escape from Z-A-Q-istan on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey guys, I'm Kate Max. You might know me from my popular online series, The Running Interview Show, where I run with celebrities, athletes, entrepreneurs, and more. After those runs, the conversations keep going. That's what my podcast
Starting point is 00:00:46 Post Run High is all about. It's a chance to sit down with my guests and dive even deeper into their stories, their journeys, and the thoughts that arise once we've hit the pavement together. Listen to Post Run High on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hello, my undeadly darlings. It's Teresa, your resident ghost host. And do I have a treat for you. Haunting is crawling out from the shadows, and it's going to be devilishly good. We've got chills, thrills, and stories that'll make you wish the lights stayed on.
Starting point is 00:01:26 So join me, won't you? Let's dive into the eerie unknown together. Sleep tight if you can. Listen to Haunting on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey, what's up? This is Ramses Jha. And I go
Starting point is 00:01:41 by the name Q Ward. And we'd like you to join us each week for our show, Civic Cipher. That's right. We discuss social issues, especially those that affect black and brown people, but in a way that informs and empowers all people. We discuss everything from prejudice to politics to police violence, and we try to give you the tools to create positive change in your home, workplace, and social circle. We're going to learn how to become better allies to each other. So join us each Saturday for Civic Cipher on the iHeartRadio
Starting point is 00:02:06 app, Apple Podcasts, or wherever you get your podcasts. On Thanksgiving Day 1999, five-year-old Cuban boy Elian Gonzalez was found off the coast of Florida. And the question was, should the boy go back to his
Starting point is 00:02:22 father in Cuba? Mr. Gonzalez wanted to go home, and he wanted to take his son with him. Or stay with his relatives in Miami. Imagine that your mother died trying to get you to freedom. Listen to Chess Peace, the Elian Gonzalez story on the iHeartRadio app,
Starting point is 00:02:39 Apple Podcasts, or wherever you get your podcasts. Wake that ass up. In the morning. The Breakfast Club. Yep, it's the world's most dangerous morning show, The Breakfast Club. Charlemagne Tha God, Angela Yee,
Starting point is 00:02:54 Envy had to step out for a second, but we got some people in the building right now. Ashcast, Storm Leroy, and Marvin Mitchell. What's happening, my brothers? Peace, peace, peace. I'm blessed, black, and highly favored, man. Yes, sir. Good to see you, bro.
Starting point is 00:03:06 Now, we always talk about the importance of financial wellness here on The Breakfast Club. So let's go through each of your resumes so we know what each of you do, and we can talk about this whole path to prosperity. Yeah. So I am Ash Cash, financial motivator, former banker, 15 years, written 12 books, four bestsellers over a hundred thousand copies sold and I just changed you know help people change their mindset in order to you know make more money manage more money multiply money and just
Starting point is 00:03:35 understand that regardless of where you come from what your circumstances you could you could you know be have and do anything you want in life and one of the in the top 1% of the bankers in the United States. Absolutely, absolutely. So I was a banker for 15 years. As a black man. Absolutely. CEO of a credit union, and I was one of the top bankers in the country.
Starting point is 00:03:56 Absolutely. I'm Marvin Mitchell. What I really do is help people to multiply their money by leveraging. And also, I'm a Hall of Fame financial advisor myself, been a Hall of Fame advisor for 15 years now. And what I really do is I teach people how to really just not only minimize their taxes, but how
Starting point is 00:04:14 to take a dollar and make money five times off the same dollar. I need to know how to minimize my taxes. I've been working on that. Oh yeah, absolutely. Just recycling your money is what it's all about. People always say that's a myth. They always say, like, the study that they say a black dollar only stays in the black community for a certain amount of time. Six hours.
Starting point is 00:04:34 Yeah, but people say that's a myth. That's never been a real study done. Is that true? Yeah, yeah. I think what happens is that, you know, we like to attach ourselves to things that are sensational. So I don't think that, you know, I like to attach ourselves to things that are sensational um so I don't think that you know I think in certain communities yes right where the money comes in and it's being spent before it even goes out but the truth of the matter is that there are a lot of us that are doing a lot of great things with money we're learning you know I mean we're in the information stage where we're actually learning a lot about financial education about building wealth and you know learning how to make money and keep money in our generation.
Starting point is 00:05:09 So I don't think that's a real study. Got you. Tell them about yourself, Storm Leroy. You got that superhero name? Yes, sir. That's a black superhero name. Storm Leroy. Yes, sir. I'm Storm Leroy, better known as the employed millionaire. And what I do is I show people how to take your 9 to 5, your salary, and become a millionaire, which I've done myself. My knowledge and understanding that I give is your job is your first business partner. Once I understood that, I was able to take that salary. I started off working for Verizon, took that salary, became a millionaire by investing
Starting point is 00:05:39 that money into out-of-state real estate, something I didn't have to touch, see, manage, or deal with. And I understood the value of what that other market was like by buying those properties in other states, putting that process on repeat, having a team to take care of that property. So I purchased over 34 properties that I'd never actually seen while focusing in on my salary and investing in those properties. So that's what I teach people how to do. And I walked into my job on Instagram Live one day, told them this is my last day here. You went live.
Starting point is 00:06:09 I went live. I went live. And I had to do it. Angela, you did that too. I quit this bitch. You know what I mean? So that's what I had to do, you know, to let people know you can do it too.
Starting point is 00:06:20 I've seen some of your stuff before. Somebody showed me a video. It might have been out of context, but I remember it was like you were saying a million dollars isn't a lot of money. Yeah, facts. That's not facts, man. Don't just say that like that. It's only a million dollars.
Starting point is 00:06:32 Only a million dollars. You know what? It's two levels of that. It's two levels of that because after a million dollars, there's tax, right? So let's say now you're down to $666,000. Maybe even less. You know what I mean? I didn't want to touch that depending on what state you're in.
Starting point is 00:06:47 So now that million dollars is depleted. So now let's say you go buy you a house. And we know how much a house costs, especially in New York. You can't buy a house. So now you bought you your primary residence. So let's say $400,000 or $500,000. So that money is technically gone. And now you have a mortgage payment that you're paying with your job and a million dollars.
Starting point is 00:07:02 But now don't get me wrong. A million dollars can't do a lot if you have a plan. And also, it's only a million dollars when we say that is because we don't want you to put a ceiling on what you can do. Only a million dollars mean if it takes you a million dollars to get something done, you should not say you would never reach a million dollars. You should say, it's only a million dollars. Let me get that million dollars and transform that into 10, 20 million.
Starting point is 00:07:25 And then when the objective becomes, I need 20 million dollars to do something, guess what your mind is going to say? Come on, Angela, what's it going to say? It's only 20 million. There we go. I'm with you. In a country where two-thirds of the people can't even afford their basic needs, saying a million dollars ain't no money is like, nigga, what?
Starting point is 00:07:44 It's a mindset thing. Because if your mind is taught that a million dollars ain't no money is right nigga what because if your mind is taught that a million dollars is a lot of money when you get a million dollars you're gonna stop trying so the objective is to make sure your mind is always going beyond like for me I give the example of how I took my first property out of state which was a $40,000 property with an $8,000 down payment, making $6,000 a year. I was making an 80% return on my money. And I said, man, you mean all I got to do is keep doing this thing? If it's making $6,000 a year, I'm making $60,000 a year. I just need 10 properties to walk away from my job.
Starting point is 00:08:18 Now, I bought a property in Brooklyn. I bought that property for $350,000 over 20 years ago. That property is worth $2 million. Sounds like a lot, but guess what? It took over 20 years for it to be worth over $2 million. And I'm still only collecting enough rent to pay for a mortgage that was a hundreds of thousand dollars of mortgage. So when people hear the stories about, yeah, he owns a brownstone, she owns a brownstone for four or 5 million, that person still is not wealthy. You know why? Because they can't walk in a bank to pull out a $4 million line of credit on their property because their salary doesn't dictate them being able to pay it.
Starting point is 00:08:55 So the money is in the walls. So that's the thing about owning a brownstone. That's worth millions of dollars. And putting a cap on your thoughts and limitations on what you can do,'s only a million dollars let's go back to the beginning that's what i'm glad you're here because we got to tell people you know how to even get to that point i want to get to the point where i'm storm leroy and i say only a million dollars and marvin i do want to point out as a financial planner a lot of people feel like in order to get a financial planner you should be rich right the only reason that you need that is because you got a lot of money.
Starting point is 00:09:25 Let's say I only make $40,000 a year. Why do I need a financial planner? Can you talk about that? Well, I will say that the traditional financial system will lead you to believe that you have to have a lot of money to get something done. But in reality, most financial advisors are actually broke. Most financial advisors don't have money themselves, and they come from an educational system that don't really teach people how to make a lot of money. So what I teach
Starting point is 00:09:50 people is that no matter where you're starting from, you can invest, right? You can look at different stocks and different investments, but what I also show people is that if you follow the traditional system, in my opinion, where Social Security will be ran out by 2034,
Starting point is 00:10:06 according to the General Administration Fund, unless they make some changes. Pension is going away. That's a traditional system of saving will lead people to fail. And 76 percent of people statistically run out of money anyway. So if you keep doing the same thing, it's going to get even worse. So I have a whole new blueprint to show people starting from anywhere, how they can actually become financially successful, where it doesn't have to be an either or, which means it doesn't have to be I live poor now so that I can live rich later. Right. It can be that I can spend the money that I want to spend now and enjoy my life now. And I can enjoy my life later. And I do that through a tool that wealthy individuals have
Starting point is 00:10:44 been using for centuries, right? And that's actually life insurance. So I make life insurance become a want and not just a need. Like when you think about needing life insurance, you're thinking about like I need life insurance because I don't want to go fund me or I don't want to fry chicken to bury somebody. Well, when you think about it as a need, well, now you're thinking about getting the least amount. But when you think about it as a won't, now you want to get the most amount. So why would you want to make life insurance a won't when you're building wealth? Well, first thing I would say is there are ways that you can structure a policy, Charlemagne, where you can actually go in and overfund that policy where most of that money
Starting point is 00:11:21 that you put in will go towards your cash value. And I'm going to tell you why that's important when you're starting off. Instead of the death benefit, you get a death benefit, but most of that money that you put in will go towards your cash value. And I'm going to tell you why that's important when you're starting off. Instead of the death benefit, you get a death benefit, but most of the money goes toward the cash value. 70% fees are automatically deleted, which means that the advisor takes 70% less commission, and it goes straight to your cash value. Now what you can do is you can actually build wealth. And when it starts there, guess what?
Starting point is 00:11:44 You never have to pay taxes on it again. It's tax deferred. You can borrow from it and leverage it for things such as real estate and different things like that. Where you, where you, your money will never go down. You never stop the forward momentum of money. Now that you build up that cash value, you can go out and borrow against it. It continues to grow. You can go out and get real estate like what Storm just talked about. Now you got your money working for you two times off the same time. And that's how you
Starting point is 00:12:07 leverage your money and make it grow faster by having the same dollar work for you twice. Then you can make it work for you three times. I'll be hitting him with this real quick. You can make it work. That same dollar work for you three times. That's what other coaches have been doing, right? By saying,
Starting point is 00:12:23 okay, I can turn my credit into cash. And instead of me using my credit for debt, why don't I turn it to cash and go out and buy an asset, such as the real estate? Now I have a life insurance policy. Now I can, that's going to continue to grow, whether I borrow against it or not, tax-free. I can pay off my credit card with that policy from leverage.
Starting point is 00:12:40 Now I'm making money off the life insurance policy tax-free. Now I got the points from the credit card and I got the property generating cash flow so I can accelerate my growth 10 times as fast. Now I got three, my money working for me three times. Can I go deeper just one time? And I'm going to go deeper one time. Now I can actually take the property that generated equity and I can actually do a home equity line of credit, take that money out, get another property. Now I've got two properties. I've got the points from the credit card, and I've got the life insurance, and to cap it all off, if you really want to get spicy,
Starting point is 00:13:12 you can actually go out and you can get a trust in an LLC, which will minimize your taxes on that policy to begin with. So now you save money on taxes, and you've got your money working for you five times. And that's not hard to set up. People say, well, does it take millions of dollars to get this started? Yeah, you can dump millions of dollars as long as you do it for at least seven years. But you can actually get started. People can get started with this for as little as like $50, $500 a month and build it and pay your bills off of leveraged money.
Starting point is 00:13:40 Who are these broke financial advisors? That's like fat personal training. Why would you ever go to a broke financial advisor? That's like fat personal training. Why would you ever go to a broke financial advisor? That's the problem. It's like, why would people go to the educational system to learn from people who make $40,000, $50,000 to learn how to be a millionaire? Same thing for financial advisors. The financial advisors, they're making $40,000, $50,000, $70,000 on average is what the advisor makes. A lot of them were filing bankruptcy.
Starting point is 00:14:03 So I actually had to leave the industry For a certain extent and I had to go out and I had to mentor with people who are millionaires and billionaires So that they can teach me they weren't even trained financial advisors But they taught me more than the industry ever taught and that's the thing I mean a lot of times like when you think about people who are Being taught about money what they're taught is that they have to work hard for money, right? And so the truth of the matter is that we need to change our relationship with money. Instead of working hard for money, money needs to work hard for you,
Starting point is 00:14:33 right? And so if you don't come from anything, right? So I'm from the projects in Harlem, right? I grew up in the St. Nicholas projects. So I came from nothing, right? But I worked hard because I didn't have anything. But once I made money, I didn't just spend the money. I took that money and I invested it in income producing assets. Right. And so what Marvin's talking about, what Storm's talking about is like, all right, bet if you come from zero, if you have zero money, all you have to do is stop spending money. Right. Because if you spend money, you end money. Right. You got to get to the space where you're circulating money, where you say, all right, bet I got this money. I'm making this money. But instead of stopping the cycle, like you talked about the, the, you know, the money, you know, stays in the community six hours instead of stopping that cycle. You say, all right,
Starting point is 00:15:10 you know what? I got this money. All right. I'm going to invest it in something. And now if I invested in an income producing assets, like real estate, like life insurance, like investing now, that money is still there. Even if you put the money in the house and you renting out the house, that money is still there. But now you, now you, you, you've created cashflow. even if you put the money in the house and you renting out the house that money is still there but now you now you you've created cash flow and if you keep doing that over and over again that's how you get to the million dollars that's how you start from nothing and you become a millionaire exactly so with that being said my focus is always the working class people media employee millionaire because there's so many people out there with a job and the relationship relationship that we have with our job tends to be the one where we go i'm tired of this place i don't want to be here and that
Starting point is 00:15:49 that's an infectious thing but the reason why a lot of people feel that way is because we don't create a exit out of the job yeah when i ask someone i say how many years before you retire and they tell me 20 years 30 years i look back at them and i go you mean to tell me there's nothing you could do between 20 and 30 years? You're accepting that number? And what we do is we abuse the fact that we're getting paid this money. And what we do is look at it as I'm only going to pay bills with it. When a job already had a plan with you, they said, I'm going to underpay you for you to overperform.
Starting point is 00:16:20 But all you said was, and in return, I'm going to pay my bills. Right. And try to save money. And try to save money. And try to save money. Now, the objective for me is, well, I give people realistic things that you can do with money. If you were to say, I want to save $100 a week, $100 a week, that's $5,200 a year. Then there's some of the most undervalued money that we make, which is our tax return. We get our tax return and say, it's ball out time. I'm buying a watch. I'm buying a watch. I'm buying
Starting point is 00:16:45 a car. I'm taking a trip. Then you take the trip, come back to work, and you say, it felt like I never left. Let's say the average tax return is about $6,000. You saved $100 a week, so that's 52 plus the six. That's $11,200. I just told you how I bought my first property with $8,000 out of state, and that property is what made me rich because it showed me the value of percentages and how I can do something and keep putting it on repeat. So now once you get that property and now you get another one and another one, and next year you buy two, you buy three, you buy four, you're actually designing a pattern where now you need a minimum amount of money to cause the biggest amount of impact. And what I also teach my mentees is about group economics.
Starting point is 00:17:28 We must learn to now partner our money together to do these things, to escape out of the system of what we feel, what we know is that work cycle. We go to school, we learn, we hear a bell, we go to lunch, we eat lunch, we hear a bell, we go back to class. Then we graduate, get a job, go to work, hear a bell, go eat lunch, bell's over, we go back to work. So we must break that cycle. It's all in the mindset of where you think about what you think about your job and your salary. Your job is your first business partner. Partner with people, spread that infectious thing, buy you a couple of properties. If you got $50,000 and you want to buy three properties, if I got $50,000, I want to buy three. Angela got $50,000, she want to buy three properties, if I got 50, I want to buy three.
Starting point is 00:18:06 Angela got 50, she want to buy three. If we all just partner together, that's nine properties a piece instead of three individually. Why does that matter? Because now you're growing equity on nine different properties all over the state. Now you're doing taxes on nine different properties instead of the three. And now we're doing LLC structures that make a big difference. You have your LLC. For me, I teach a structure called a three must have LLCs. One is the acquisition where you buy properties in that LLC. You buy all your properties in that LLC. Well, that sounds risky. What do I do? Now you get a second LLC, which I call the holding LLC. You transfer those properties into the holding LLC to minimize your risk
Starting point is 00:18:45 on the acquisition. And now that holding LLC is in an amenity state. That'd be Nevada, New Mexico, Delaware, Wyoming. And the reason why that's important because we hear about holding LLCs and rich people use them,
Starting point is 00:18:58 we can do the same thing. Just because you have an LLC, you're protected. But if someone looks up your LLC and says, there you go. Now you get hit with a civil lawsuit. That's right. LLC, you're protected. But if someone looks up your LLC and says, there you go, now you get hit with a civil lawsuit. That's right, especially if you're somebody. Right, exactly.
Starting point is 00:19:10 But in an amenity state, it's hitting. But now here's the other gem. I'm going to drop this. I need y'all to pick this up. A lot of sauce. I need y'all to pick this up. But now you have a property and an LLC. You transfer it to the holding, but now you're collecting rent.
Starting point is 00:19:22 Where does the rent go? It goes in that third LLC called a property management LLC. Because you're separating your money with a property management LLC set up in the state you live in because you're going to be doing taxes on that LLC. And why is that important? Because if someone slips and falls in front
Starting point is 00:19:38 of your property, it's protected in the holding because it's anonymity. Your acquisition LLC is protected because the property is not in there. And now, if they freeze... Angela, talk to me! You feel me? I understand.
Starting point is 00:19:53 I have not done that yet, but now that you just said it... You cannot hear it. So that's the power of that. Angela, we've been taught to work, work, work, work, work, work, work, get paid. You know, work, work, work, work, work, get paid. You know, work, work, work, work, work, get paid. And all we want to do as a group, we want to show people that you can flip that,
Starting point is 00:20:12 where you can actually work, get paid, get paid, get paid, get paid, get paid. You know what I mean? Work, get paid, get paid. And you've got to build something that's going to build you an asset where you can earn residual passive income. So I say, well, what is your freedom score? Like, when do you want earn residual passive income so i say well what is your freedom score like when do you want to retire like and when i say retire i don't mean stop working i mean when do you have the choice where if you want to leave your job you could but you choose to stay maybe because you want to right so if i'm making six thousand dollars a month all i got to do is
Starting point is 00:20:39 figure out how to make six thousand seven thousand dollars passive now i got the freedom to decide you know if i want to work and that's really what it's all about that's all we're doing and when we're building this so when we leverage and we do the things that we're supposed to do like we could do something called luxury arbitrage i used to think that i had to live poor i used to think that i had to drive an old car live in a small house now i have a range rover and i have a lambo that actually makes me money and i actually have a two2 million house that makes me $30,000 a month because I'm able to leverage it from my life insurance policy. I'm making money for the life insurance policy. I don't even live in a house
Starting point is 00:21:14 that I bought for $2 million because why? When I can rent it out and it can make me like $2,000 a day. It don't make sense. So it's just thinking smarter instead of thinking that you have to live a life of struggle. Because if you live a life where you think you have to be a saver and you have to spare every single dollar that you have guess what happens you don't get out of that mentality so you can be sitting in a bank you can have three million four million five million dollars sitting in the bank and your mindset won't allow you to spend because you will still be stuck with that same scarcity mindset and what we believe as a group is that abundance is our birthright. And we collaborate. And Ash can kind of talk about, like, we didn't do
Starting point is 00:21:48 together, we did okay. I mean, by ourselves we did okay. But when we came together we did something powerful. Y'all like the TGT of financial empowerment. Now Ash, can you talk about this three pillars of the path to prosperity? Yeah, so the three pillars of the path to prosperity is really about how do you make more money,
Starting point is 00:22:09 how do you manage that money, and then how you multiply that money, right? And that's what's important because all of us, like, you know, my shirt says abundance is your birthright, and we believe that everybody has in them already everything they need to live their best life right and so if you just tap into who you are at your natural being you can make you could you can maximize your full potential and make money right but once you make that money how do you manage that money right how do you manage it in a way that storm talks about how do you manage it in a way that I talk about how do you manage it in a way that Marvin talks about and then once you start to manage that money and you're realizing that you do have enough and that you can, you know, and it's better than or, right? That you can live in
Starting point is 00:22:48 abundance. Now, how do you take that money that you have and multiply it, right? Because that's what the wealthy do. The wealthy don't make money and then have to figure out how to make money again. They learn how to make money. And that money makes money. That money makes money, right? So now they make money. They learn how to manage that money the right way. And then once they manage that money the right way, that money is always there for them. And they say, you know what? Let me just multiply it. Like Marvin says, right?
Starting point is 00:23:10 Make money babies, right? Your money should be making babies for you. And that's three pillars of the path to prosperity. I want to ask y'all, what do you think of people that are going to receive the student loan forgiveness? What do you think they should do with their money? Man, I think people who are receiving that money should definitely tap into our five-day challenge and
Starting point is 00:23:29 let us teach you for five days how to do exactly that, right? Because what's going to happen is I know a lot of people who are thinking like, oh, you know what? I'm going to get this $10,000. I got this credit card bill. I have this I want to be able to pay down or whatever they want to pay down.
Starting point is 00:23:46 What happens is if they take that money and they pay a bill, then that's it. That's the end of that money. But Storm just gave you a whole play on how he got his first property at $8,000 out of town. And one of the things that I want you to understand why Storm is so important is because he's teaching you how to do it, right? Like New York, you know, it's a high cost of living. And so you can't get a property in New York. I tell people that all the time when they're trying to buy their first property.
Starting point is 00:24:10 I'm like, you might not be able to buy something in New York. Why don't you go look someplace else and you can get cheaper real estate and you can flip that or you can rent it out. That also was years ago, though. I mean, you're right, but it's going to be hard to find a property for $8,000. Uh-oh.
Starting point is 00:24:24 Uh-oh. That's not true. That's not true. $8,000 is the-oh. Uh-oh. That's not true. That's not true. $8,000 is the down payment. How long ago was that, though? I started 2015, but I'm teaching now mentees who are actually this week, they're making their phone calls to the realtors. I teach them to make the phone calls, find the properties inside my mentorship because
Starting point is 00:24:41 I don't believe in giving you the knowledge and letting you figure it out. I want you to figure it out in my class, actually make the calls, and they're buying properties now for $40,000, $50,000, $60,000, $70,000, $80,000. $80,000 property, 20% down, is still only $60,000. $50,000 down payment. Yes, definitely. I also suggest people get your real estate license, too, because I actually took all the classes. I'm going to take the test to get my license, but you get a lot of access, you know, but that people don't get to what's available. And that's the thing, right?
Starting point is 00:25:08 So now if you're like, you know, Storm has a system where if you're buying property out of state, right, that's your down payment. But think about that. If you said, I'm going to take that $10,000 and I'm going to pay a credit card debt, it's done, right? But if you take that and you take it and you put it in a down payment to a house, payment to a house that's cash flowing already right i'm gonna give you two words so it's but right it's cash flowing already so now that ten thousand dollars is still ten thousand dollars because it's your down payment now that down payment is equity in that house that you own and then each month if it's tenant occupied and the person is paying rent now you have that cash flow and so that's what i would say you know one one of the plays that people could use with that $10,000.
Starting point is 00:25:46 So bouncing off of that, and I know we got to tell you about the challenge, but coming back to that, like what you just said about the $10,000, right? You just gave a perfect illustration. There's really three types of people when it comes to money. You have a debtor, you have a saver, and then you have the wealth creator. The debtor, that's the person that they're going to take that $10,000. They're going to find a way to be in a worse financial situation than they was before they got it. I know people who are like, I'm already in debt.
Starting point is 00:26:10 It's over. I might as well just... I can't get out the rent raise. I might as well go deeper into it, right? I'm going to Turks. Right, right. Get that Instagram picture by that rusty book. Then you got the saver.
Starting point is 00:26:21 The saver's going to say, well, I'm just going to save this. I'm going to put it in a bank, right? Not realizing that they losing money due to inflation. It's not doing anything for them. And then when they do finally spend it, like you ain't going to recoup that money. Like you said, it's gone and lost forever. But what I want to do is I want to show people, we all want to show people how to be a wealth creator, right?
Starting point is 00:26:39 How can you take that $10,000, for example, how can you put it into a place where you know it's going to multiply, where that money never goes backwards and it never goes forward? And that's really what we're talking about on this challenge. How can we take you from where you are now to millionaire status? How can we give you the blueprint? How can we give you a step-by-step-by-step guide
Starting point is 00:26:58 over five days? And it's all virtual. So I don't care where you are. You can log in. If you can log into Zoom, you can join this challenge. If you have Facebook, you can join this challenge. And with this challenge, we're taking you from the real estate blueprint to the Arthur blueprint where you can make 15 streams of income to becoming your own bank and leveraging your money. We're going to show you all that in five days. And we've got a couple of special guests. We've got Grant Cardone coming on as a special guest.
Starting point is 00:27:23 Grant Cardone coming on to talk to you about how can you use debt to make you rich? How can you how can you use it as leverage? And we got two different opportunities. Right. For some people, they're going to say, look, I just want to get in the room and I don't really need to ask any questions to get any deeper understanding. That's fine. We got something for you for Breakfast Club listeners. Only ninety seven dollars. Right? And we got a VIP. Now, the VIP, that's crazy because we normally charge $297, which is still crazy, but we're actually doing $100 off for Breakfast Club listeners where they can go in and they can actually have Q&A with us directly.
Starting point is 00:27:57 And every day we're actually answering their questions and helping them to get to that path quicker and giving them a blueprint where when you leave, you're going to get 50 times the value of it. So you can actually go listen, I mean, get that information right now and actually take advantage of that discount by going to wealthdomination.com. That's on wealthdomination.com. And we got it. Do we have a special code or something? Actually, we made that site simply for you.
Starting point is 00:28:22 Oh. For Breakfast Club listeners. For Breakfast Club listeners. You'll see it. You'll see it. You'll see it. So it's just wealthdomination.com, and you can go ahead and sign up. And when you do, we'll know you came from Breakfast Club. And one thing I'll say, though, right, is important to get in rooms, right?
Starting point is 00:28:34 Because, again, like, none of us came from money. None of us, you know, had any special privileges. What happened was, as we started to learn this information right for me you know as a banker I was managing money for wealthy and I look I was one of those broke bankers because you know I was just you know just starting out I'm managing money for multi-millionaires I'm just doing what the bank told me to do so I'm learning you know I'm living paycheck to paycheck I don't you know I understand money but I'm not doing what I'm teaching. And being told growing up that you ain't ish,
Starting point is 00:29:07 you ain't never going to have any money. Exactly. And so I'm glad you said that because, you know, I started being a banker at 19 years old. I was making six figures in my 20s. But guess what? Because I was told I wasn't going to be ish, I would use that money and flaunt it, right?
Starting point is 00:29:26 I had cars. I had clothes. So I was still making six figures living paycheck to paycheck. So it wasn't the money. It wasn't that I wasn't making the money. It was the mentality. It was my mindset. I didn't have the right mindset.
Starting point is 00:29:37 And then when I started hanging out with multimillionaires and they started teaching me what they really do with their money i'm like oh i don't i don't need this car or if i'm gonna get the car i'm not gonna use my physical labor to buy the car right i'm going to take the money buy a income producing asset that asset is what's gonna pay for the car that's gonna pay for the house right and so you know get in the room stop listening to your your broke friends stop listening to the friends that look like they got it. Because even the friends that look like they got it are probably living paycheck to paycheck as well, and they are one mistake away from being poor. So get in the room with multimillionaires who are going to teach you the game the right way so that way you could know that it's not rocket science.
Starting point is 00:30:21 You just have to have the right science, the right information to get to that next level. That's all it's about, the information. Yeah, yeah, absolutely. What's the website again? That is wealthdomination.com. Wealthdomination.com. You go there. We got it, again, specifically for Breakfast Club listeners.
Starting point is 00:30:37 So you'll be able to see all that when you go on there and sign up for the challenge. By the way, it's September the 26th through the 30th. So it starts on a Monday, September 26th through September the 30th. So you really don't want to miss it. It's going to be crazy. Last time we did it, we had about 850 people in there or so. We changed so many lives. It's
Starting point is 00:30:55 crazy. We've helped people. We just got a message from one of our mentees, Rosa. Shout out to Rosa. Just said, oh my God, I just made $10,000 in one day from following the information that we got. of our mentees Greg Mary he came out and said man I've been doing this like it's only been one two months he said he made a hundred thousand dollars in a week when he made a hundred thousand all last year and we show you how to make money uh immediately in a pace where you feel like you're paying for you know you pay for this
Starting point is 00:31:20 mentorship you got to take these courses but once you get to the end you start making money right we show you how to make money. During that time. During that time. You're with us. Being who you are, though. Right? Being who you are.
Starting point is 00:31:31 Start making money at that point. And the key thing that I want people to really take away from this is we're giving you valuable information for you. But I always say this, and I'm going to repeat this every day. We're not speaking to you. We're talking to your legacy. We're using you as a vessel to talk to your legacy because that's what this is about. The information you get, you need to sit down with your family. You need to sit down with your wife, your husband, your children, because these valuable secrets we give in to you should never die with you.
Starting point is 00:31:59 You should always understand. Don't keep the keys, the combination to the safe for yourself, because when you die with that plan, now you're leaving them to figure this out. So definitely gain this information. Share it with your family. These five days you spend with us, you think this interview was something. There's so many plays and games that we're still holding on and saving because we love to give value. That's what this is about.
Starting point is 00:32:20 Knowledge is the one thing that you can continuously give away and never run out of. So why are we holding it? Why would we dare hoard knowledge? So I look forward to seeing everybody in there. Give everybody
Starting point is 00:32:31 individual Instagrams and Twitters if you want to follow you. You can reach out to me at Marvin Mitchell Official. That's Marvin Mitchell Official. But be careful, y'all. No dots, no slashes.
Starting point is 00:32:42 There's so many fake Instagram accounts out there. Just Marvin Mitchell Official. You can go to my website, IamAsh, y'all. No dots, no slashes. There's so many fake Instagram accounts out there. Just Marvin Mitchell official. You can go to my website, IamAshCash.com. Follow me on all social media platforms at IamAshCash. And make sure you listen to or watch Inside the Vault.
Starting point is 00:32:55 Inside the Vault, the greatest money mindset show on the planet. Fast shot to my guys at EYL. EYL, what's happening? Yeah. And for me, you can find me on Instagram at I am Storm Leroy. You'll find everything about me there. Start from there.
Starting point is 00:33:10 That's right. It's Ashcast, Storm Leroy, and Marvin Mitchell. Thank you for joining us, brother. Absolutely. Thank you, man.
Starting point is 00:33:14 Appreciate you. Absolutely. Appreciate you. Had enough of this country? Ever dreamt about starting your own? I planted the flag. This is mine. I own this. It's surprisingly easy.
Starting point is 00:33:47 55 gallons of water, 500 pounds of concrete. Or maybe not. No country willingly gives up their territory. Oh my God. What is that? Bullets. Listen to Escape from Zaka-stan. We need help!
Starting point is 00:34:00 That's Escape from Z-A-Q-a-stan on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. After those runs, the conversations keep going. That's what my podcast, Post Run High, is all about. It's a chance to sit down with my guests and dive even deeper into their stories, their journeys, and the thoughts that arise once we've hit the pavement together. Listen to Post Run High on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hello, my und you get your podcasts. thrills, and stories that'll make you wish the lights stayed on. So join me, won't you? Let's dive into the eerie unknown together. Sleep tight, if you can. Listen to Haunting on the iHeartRadio app,
Starting point is 00:35:17 Apple Podcasts, or wherever you get your podcasts. Daphne Caruana Galizia was a Maltese investigative journalist who on October 16th 2017 was assassinated. Crooks Everywhere unearthed the plot to murder a one-woman Wikileaks. She exposed the culture of crime and corruption that were turning her beloved country
Starting point is 00:35:35 into a mafia state. Listen to Crooks Everywhere on the iHeartRadio app, Apple Podcasts or wherever you get your podcasts. On Thanksgiving Day, 1999, five-year-old Cuban boy Elian Gonzalez was found off the coast of Florida. And the question was, should the boy go back to his father in Cuba? Mr. Gonzales wanted to go home, and he wanted to take his son with him. Or stay with his relatives in Miami? Imagine that your mother died trying to get you to freedom.
Starting point is 00:36:14 Listen to Chess Peace, the Elian Gonzalez story, on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.