The Level Up Podcast w/ Paul Alex - Living Below Your Means, Work on You

Episode Date: March 7, 2024

“Your Network is your NETWORTH!"Make sure to add me on all SOCIAL MEDIA PLATFORMS:Instagram: https://www.instagram.com/paulalex/Linkedin: www.linkedin.com/in/realpaulalexFacebook: https://www.facebo...ok.com/RealPaulAlexYoutube: https://www.youtube.com/@OfficialPaulAlexLooking for a secondary source of income or want to become an entrepreneur?Check out one of my companies below to see if we can help you:www.ATMTogether.comwww.Merchantautomation.comFREE Copy of my book “Blue to Digital Gold - The New American Dream" www.officialPaulAlex.comLeave a review, like and share to help others and let’s level up together!In this episode I tell you how living below your means can help you build your wealth

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Starting point is 00:00:00 Welcome to the Level Up Podcast. I'm your host, Paul Alex. I went from being a cop to an eight-figure entrepreneur that helps average people like you and me make money every single day. I created this podcast to help you get motivated and to crush your goals. Let's win together.
Starting point is 00:00:16 Remember, I have your six. Get ready to level up right now. Okay, so let's talk about actually having cashflow to actually invest into either a side hustle or a business that you want to start up while you're working your nine to five or while you're in school. What I have to tell you guys is I can only tell you from personal experience. So let's talk about when I first entered into the police force at the age of 26. During that time, I was transitioning from corporate America as a sales guy. I was already making six figs and that's, that's figures for some of you guys. And I was going into the police department for a better opportunity for fulfillment.
Starting point is 00:00:59 But then also I saw that first responders also have unlimited overtime. And for some of the naysayers that are listening to this, they're like, oh, he's taking advantage of the tax dollars. No, guys. Let me explain exactly how overtime works as a cop. Now, if you guys ever attended like a concert, if you guys ever went to like a Home Depot, if you guys ever went to like any of those retail stores where you actually see an actual cop standing there at security, guess what? The payment that the cop gets for working that overtime comes from a private company. It doesn't come from the actual government, guys. So yes, those companies that are within city limits of whatever city you're working in,
Starting point is 00:01:46 they're able to go ahead and basically rent lease. And that's exactly what happens. So if you work in a major metropolitan city as a cop, more than likely, you're going to have the chance to work for unlimited overtime if you like. And that was part of the strategy that I used to build my wealth. I went from corporate America. I was just like, man, it's literally the same thing every single month. And I'm sort of tired of this. I'm not really fulfilled from doing sales. So let me try something new. So I went into law enforcement, but the key strategy that I used was I want to go into law enforcement, number one, to help people. But then number two, I want to work at a major metropolitan city that I know I'll be able to
Starting point is 00:02:29 work special events. I'll know I'll be able to have overtime and I can make some extra cash to either save or buy more real estate or invest the money into starting more side hustles. I was going into law enforcement and then corporate America with the entrepreneurship mindset since the age of 18, guys. So what I recommend that you guys do is live below your means. This is what I got caught up on while I was making $250,000 in law enforcement, okay? I was keeping up with the Joneses. I had coworkers that were like, hey, man, let's go ahead and actually do a Vegas
Starting point is 00:03:06 trip or let's go to Scottsdale for the weekend. And then, you know, you got these group of guys and gals that'd be like, Hey man, let's drop 14,000 on bottle service. You know, for one night we can all afford it. We all make over a high six figures and blah, blah, blah. And I'm like, dude, that is a lot of money. Like, no. So I've always been the type of person to always work, but then also save my money because I had the plan from the beginning to invest into either a side hustle or a business that I believed in that I had the vision for. And that's exactly what I did towards the end of my law enforcement career, where I was
Starting point is 00:03:45 just like, you know what? It is the right time. I also had some critical incidents happen within my family where I was just like, dude, it's time for me to invest the money that I've been saving all this overtime that I've been working. And that's exactly what I did. I stayed very disciplined, lived below my means for the meantime, didn't upgrade my lifestyle, wasn't just spending. I was actually being very frugal and I highly recommend that every single one of you guys are doing. And many of you guys might be thinking, well, Paul, I don't have the opportunity to have a job that has overtime, or I don't have the opportunity where I have an uncapped salary like you did. Well, guys, I highly recommend that you guys get into one or two fields.
Starting point is 00:04:22 And this is just from my personal experience. Okay? So take it or leave it if you want. Number one, become a first responder. Why not? You could do it. They need good people, especially nowadays. Or number two, get into sales. If you work at a commission-based job, your actual potential for commissions is uncapped.
Starting point is 00:04:43 And at the end of the day, it's about leveling up you, your family, and what you believe in for building generational wealth and your future. Don't get caught up in the hype and don't get caught up in pressing other guys. This is the way that you're able to actually grow yourself and level up for your future self. Take care. Also, keep the five-star reviews on iTunes coming. This episode is going to help change the way the world thinks and will help everyone level up in their life. And lastly, if you want to continue to level up, learn more about business and life, then make sure to get a copy of my book,
Starting point is 00:05:35 From Blue to Digital Gold, The New American Dream, on Amazon or at officialpaulalex.com.

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