Transcript
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The guys like
Bitcoin is a gamble.
Nothing has changed. [clears throat]
Investments
develop.
80 to 90%
change
about business financials
also referred as Mandy.
recently in English of pushup and of
living
financials
for the future.
and
financials and financials everyone
showing up.
So
back office
episode for
this is teeth whitening
mentioned the host
office
specialist
WhatsApp 929269-5771
sponsor United Healthare Episode 56.
Saving individual families
and bill is covered. So
out of pocket medical expenses
of the hospital limited selected network
from doctors reimbursement rates
of 91498300
visits of united.org
mention latest
visa gift card membership from the ads
call
for latest
basic background as
So initi
Coughs.
Um, which is in the 60s.
in
the industry in the line
says
brand new
shine.
for.
So,
Foreign
business.
Fore
interesting way
a total different thing. So readily
available for
something special, brand new
business.
for the guest
art benches. This is basically
>> wow company publishing
A1 skull cap
the lower east side H&M skull cap
published by H&M Skull Cap. So
publishing
the most
popular
companies.
companies. The most
business
communities but limited business
bankrupt but
[clears throat]
for
market basically
base
climate. Inconsistency.
Inconsistency.
Exactly.
All the way down the road. Consistency.
is always in the same of the
is
redevelop the
main
is
busy mission.
But
So the main
basically
changes pages.
So this is why
beautiful shine. Wow.
Foreign
speech. Foreign speech. Foreign speech.
Oh, so I come up with
interesting. So
do many versions
in versions. Yeah.
>> Interesting. So, um this by the way
you know
of course
forage
is of page himself
whatever concentrated
page was before
and
fine page.
So
the hunt
finish the page.
So
change
to certain points.
Wow, this is interesting. So this
psychology and human interaction.
Wow. Interesting
all the way.
So whatever you do in in in your um in
your business,
you have to calculate all everything
around.
changed. Let's put
this
right.
specifically.
This is all challenging.
This is basically
the basic
interesting mistakes. Of
course do you know certain things but
mistakes
throughout
the constated
is the top notch. Yeah.
>> Interesting.
Daily basis
all day every day. Okay. So
the next topic was
um obviously
clearing
for the future.
Oh, wow.
Fore
insurance agent insurance agent
in um
whatever it was better for him. He had
to push in this numbers
heavy involved in the stock market you
know in those days
crash
the 2000 crash 19 the high 80s high 90s
2000 is the crash in the market and then
we'll see enough margin
intion
big money.
business
you know.
And guess what
the situation
and
laptops and computers.
And that's it. and
paper statements
and found
this account. foreign
retirement fund
again for a second was the Roth IRA
>> the the Roth IRA in the IRA which is the
same thing it's just the difference in
the taxes when you when we picked off
the tax credit
so IRA is taxed the tax deduction
of the book,000 profit books,000
$94,000
$1,000 but
is taxable. A Roth IRA is
down the road
taxfree
65 years old
taxfree.
So
the benefit IRA, the Roth IRA, but
like
yeah so the IRA and Roth IRA highest in
Yiddish is pens pension planning it's
retirement planning
social security
that's it
Because
unfortunately
65 years old
whatever.
Okay.
Retirement
dry million. dollar when it's 65 years
old
>> which is a beautiful number
>> inflation
>> is inflation a beautiful number
hopefully
>> you know it's fine but stillion
in in close actually
in expenses. Social Security
[snorts]
is on expense once
expenses.
for
me
finance.
Beautiful
life.
Exactly.
Extra expenses. Of course.
Sure.
You know
the point was
in the in the in the
line.
Allah says fine and voil. This is
a
retirement versus
of
expenses all overract
real estate broker
contract.
Unfortunately, my financial situation
and whatever
reality
Mhm. So the
business
whatever
for retirement
mention. for
back into the statements.
Powerful
retirement funds
retirement funds beautiful.
So,
you know, business, buildings,
real estate
The envelope is a shin envelope. So it's
a beautiful bonus
backbone.
I like the way
you know
they're correct. But my my point is
in business.
for down payments for the host%.
>> So you know you can use this money for
down payments. So beautiful.
Doesn't matter what the number is.
They whatever gave
situation
envelope envelope
statements envelopes envelope
down payment was on horse.
a free platform
specialistic features and categories and
by default
special budget chart.
charts approve
marketplace
deals and discounts business
monthly subscription and budget.
linked profile directly in the budget
app
available in the Google Play Store in
the Apple App Store of Budget.com.
Exactly. As I mentioned,
said I'm reintroduced to lessons
natural entertainer
energy.
of Spotify,
Apple Music, WhatsApp,
MP3, PDF.
Amazing.
Okay.
The IRA
for a second.
You know,
daily, weekly, monthly budget set of
priorities.
The number one priority
of jobs whatever
rent, mortgage limit,
budget is done future retirement
then again
final
mention
etc
certain device.
No matter what
is
essential,
you know. So an individual
Essentials
essentials are budget.
Unfortunately,
between 90 to $120,000,000.
Then we get lab grown stones and we get
um kleiner
jewelries and we get
by the way
um
absurd. I'm sorry.
Mention and fancy holes
shaking presents and it it just doesn't
make sense.
Maybe it's
absurd. anything more than that.
I'm sorry.
beautiful shin tiles and beautiful
it doesn't make sense
of oil. But the fact is
But the fact
the standard
standard standard the fact as a whole
standard is extremely messed up.
mention
the stand
is absurd.
The fact as mentioned was
family is in the business
and they're contradicting because my
family is in their line but
their business as long as I spend
but as the average
fancy because they standard it's insane.
And just there's my point.
I totally agree with you.
Same show every night, different actors.
Exactly.
Totally agree with
[snorts]
it.
cautious
and careful
and the movement.
So maybe
reached out
because of that episode
It's not standard. It's extremely
luxury.
The fact
is insane and absurd.
family and that's it.
Extreme
luxury
for some reason.
doesn't make sense.
That's true.
The core of the problem is
000 million
grocery
of the
is a certain standardiz
Right.
In the standard simple hole
is approximately $20,000.
Fore
apartment.
That's to to
system unnecessary for
you know
by the way the fact
correct
A standard
system.
Correct.
by the way.
Changed
my fulltime job,
but okay. Whatever. Exactly.
So
financial
a
with the actual
furniture set.
Um
whatever.
Okay. But
is over right away. But but the point is
as
mentioned was spent it's the problems
was mentioned
you know pres
the the
You know,
you know,
individual.
Okay.
overall for the average man for the
practical life
issues
throughout. So the big picture the big
picture
focus financial.
Correct. Correct. Correct.
Fore
number 80 to 90%
correct.
But
because
But you're not moving the goalpost.
But how can I change it?
It's it's non- ending. The fact is
nothing has changed. It's only becoming
worse.
So,
so the reason
that's it
So, so
change in mentions behavior as a whole.
You know,
everybody works on themselves and
changes the
solution.
building
blueprints.
Okay.
Blueprints
building
2x4 size
of the location
blueprints.
A beautiful building.
beautiful
financial life.
So
building
2x4s all the time and following a plan.
building. So
to no end
essentials and non-essentials
dining room.
So,
no problem.
budget of a foul with the likes of
like
pity
And expenses restaurant,
whatever it is.
raw materials
and therefore is the bill
raw materials. So whenever
this
bottle may
blueprint budgeting budgeting blueprint
Fore
sheet of papering
groups.
Beautiful.
Whatever.
expenses.
So yes essential is grocery essential
essential grocery include millions.
Exactly.
Is clothing essential?
package
again.
Forger
the furniture.
Whatever they found
like
the computer, whatever the host,
whatever
down payment
dining room.
Dining set.
Watch the blueprint. They used a 2x4.
They used an
Fore
spend $1,000
extra dry
daily.
True. Madam True
Exactly.
Peanut butter
in office
is ahead of the game.
He can't own building
S&P 500 building. Exactly. Foreign
dollar
money.
Totally different
money
with the change of habits.
Focus. Guilt is powerful.
powerful
left to right.
Boom.
Boom. Stopped. Stop. Stop it.
Madness
for the neighbors, for the schwers, for
the bleeders, for the sugar, for the
system
expense. Maybe say it's a $15,000 total.
is more than pressing.
So don't blame the kids, blame the
Come face
as I can a fulltime remote employee from
Philippines of the Dominican Republic
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Oakprivate wealth invest tested in D
success.
So
because
So
building
financial oriented
of financial structures
financial advis for
you know
financial advis foreign.
Mention. Okay.
Mention
financial coaching, financial advisor.
He never gets to step two.
More
session.
So
counts.
also cost $500. So the problem is
perfect
the problems of
the majority.
In the majority
genius
simple. So you got this.
Okay. Number one,
whatever age is. Okay.
Bank statements.
Whatever she tells
organizations
fine
simple straight mancees
balance budget balance you can make it
work of the number of
Diagnose the problems.
0.05%
manager millions and millions and
millions of dollars.
So the best
again simple
can align
account in fidelity.com
systems
systems.
I just don't have enough hours in my
day.
for
multiple accounts
fractional shares
S&P 500
S&P company which is VU other IV other
FX any of those names whatever
$15
So he ended up losing
offset IRA
HSA account
for medical insurance
accounted
charity account.
account. Donor advised funds. Don
account
is
donor
account.
You know what
game donations but for a second
the
S&P 500 the S&P 500 is the fined
companies in America.
Okay.
S&P fidelity
clarity
organization a bank
organization chase fidelity
organiz
departments. So do the flash department,
the mil department,
part of department, whatever is
department. Okay.
Department
into the financial an organization
a financial institution the heist chase
fidelity vanguard this is in the
financial aosity
in the financial solutions do different
type of accounts which find different
departments fly so do savings accounts
do brokerage accounts do IRA accounts do
the charity accounts do many many
different type of accounts which has
departments in the account which has in
department
500 says fund was focused north of
technology. So fund was focused north of
healthcare. So fund was focused of
banking which is within this instit
account.
Okay. So the S&P 500
S&P 500 versus
well S&P 500
companies
>> America
>> America in America is the country of the
>> Yeah. American
companies, right? Yeah.
Microsoft and Google
worldwide.
>> So the companies
>> but the lower end was even the lower end
of the world.
Fine. So, but yeah. So,
in the S&P 500
certain criteria
fluctuate
value
automatically
load assets down
position costing the S&P 500. out
companies and they put in new ones
automatically.
So based on the data,
>> so based on the data,
>> correct
the S&P 500 is a gauging system. It's a
gauge defined companies. It's engaged
whoever falls into the 500 highest
>> those
guys around. So automatically the S&P
fund was decat
by the S&P 500 controlled by
managers
S&P fund
based on data. It's based on data.
is the safest the safest place to put
your money for long run.
returns.
So
in in the calculator
compound interest
starting $5,000 in monthly contributions
as year 19
up to $90,000.
never ever happened in 1928.
Okay.
So
at least double
mentioned
an emergency.
Number
one. And number two is
for
special
account. Yeah. mention was was
exactly
of course.
Oh yeah
most mention. So
vac of them and keeping the rest.
>> Yeah.
>> So that protects you from taking out
money. So you put it in your budget.
That's just an idea.
Fore
came to their age.
the footsteps and medicity.com.
So, 800 numbers 24 hours a day is an
American number.
is doing a lot
for the financial not even
investment for the future and this is
certain devices
and best investment with the
We can stay alive
tax returns.
Rocket science rocket science simple.com
is do the howto videos.
Just listen
[clears throat]
Google Drive
of the website.
in in calculating
exact budget
in so
number
is done 100%
backbone
website
by the way's
ideal
mention
is the back in the website and the whole
technical partn
was the website
I know at least 15 years ago
and then at some point
ad do you know if you invest $200 in the
S&P you'll have a number email mental
can
So
like the guy is on point exactly like
mention
let me reach out to him
how do I find it
nephew's contact the number and I
reached out to him I told him I want to
partner up with you website and he told
me okay let's go so like 2 three days
later we were set up
>> and there was amazing. I mean
all of a sudden is boom
and his hands on technical
unbelievable
mention.
You know, you keep out of the picture
because it's all about the mission when
technically
financial advis
but you kept out so far from the
picture.
>> Literally, there's no personal agenda
here
organization.
You know, it's not enough the fact you
know introduction,
you know, including their podcast,
but I'm
okay.
But it it's it's got longevity you know
mention in the long run you know the
guys just point
back
the financial advis Anytime
they
plan, you know, for the long run, I
think,
but
We try to automate in the website as
much as possible happens to be [snorts]
emails to mention questions 99% of the
questions do chatbot which is connected
to chat GPT can enter the caches we
didn't really have to be involved in it.
>> Oh wow. So techsavvy to the next it's on
the calculators on the howto videos
or less lit.
>> Yes. You can do it all by yourself.
Okay.
for public appearance
even the person
financial institutions that reached out
to me that
ideas which is behind my mind maybe
office financials. Some kind of a thing.
You're also
dollar of dollar in the bank account.
buildings gold field oil field
like
message
investments
developments buildings and especi
The guys
investment
Can I get
investment investment investment
company
of the
invest like
We chase like
likes.
Wow. Okay. So
line of business
investment. Of course
the guys the light guaranteed. M. So,
>> and the next
problem
in benefits
not eligible for benefits.
amount. Maybe a certain amount
earnings
in timber investments highest assets
earnings
assets
food stamps
New York City section 8
upstate
New Jersey again. Food sense Medicaid,
no problem. Section
vouchers, no problem. Again,
medic%
assets as part of the income. So,
Okay.
Answers but basic simple
I get the job. So whatever is in the
host,
especially the fifths,
earned tax earned credits.
in the king's account x amount of
sense you know but
$50,000 game
footsteps. So, so
benefits all these organizations
but in general.
>> Oh, very interesting. Okay. So help
you know
exactly.
Yeah. Excellent.
No,
open economy.
Everybody's free to do whatever.
This is an option. You can spend $15.
This is the future. Millions pro
millions of future your tuna sandwich
is millions of dollars of your future,
right? And then
the goal. So
it took time.
either
way. But
so
and how much you want to make and we
have a calculator that we added a button
printing a PDF
download
after a complete
>> device. Exactly.
And then we have a regular calculator.
And we added more section howto videos
of mandyorn.com.
[clears throat]
Okay.
for
the beginning.
So
[snorts]
that's the average
next.
Okay. in the in the in the
hits,000,000,000
and the hitsulate
exactly
exactly and I got the hint on the bottom
a full total
budget.
They missed this fitting.
Fore
clarity.
Exactly.
Whatever
separate account,000
and you can split it up over their
initial investments
per child in
gorgeous
that's the the trick is in life.
You'll pay 100, 200, 300 compound the
better. The younger the better.
for discussion
tax earn
forget about additions
allocates
15,000 for
mention
bills.
The 20
expenses
It's 6,000 15,000
high
Wow.
Yeah. The family is there. But but but
the is
automatically rebuild.
retirement.
Wow,
this is an amazing idea.
Dollar of dollar,
no matter what.
15,000 whatever the number is
>> but focused
>> focused you don't lose your focus let
that 150 is going to work wonders. Wow.
Year one of
the retired but 67 million.
It's a very interesting
retired. No problem.
>> Excellent.
the president
in the beautiful.
Okay. Okay. The president get the
governmentary
get
sponsor Michael computers. I think he's
the sponsor for it. A th000 or whatever
um $1,000
is a tax deduction.
tax deductions as I mention $10,000
earnings
tax deduction which is amazing
of the income.
of the income
tax. Okay. Okay.
Gain long-term capital of approximately
10 to 15%.
tax deduction. Right.
Right.
Tax deduction
taxeduction.
Oh. Number one, which is
otherwise
the reason
that's companies
tax credit
basically incentive
exactly
[laughter]
Ed
of the belt
farmer.
relating to them.
Is the shape of the shape of the veil?
S&P 500.
Correct. Fact.
Yes.
investments
invest in Bitcoin invest gold and
materials
diamonds investment. Just putting it out
there. Diamonds
like
to produce gold
like the return
is irrelevant.
15% portfolio like new gold. It's not a
bad idea
in in bonds in it's not a bad idea.
International funds not a bad idea. But
when a single individual investments a
stockberry
phone
out fish
of the domal
No problem.
The palms in the system.
So the model
was all splitting
by the way
diversifying as I mentioned. So
diversifying solid
gold bonds, international funds
in a pot.
But understand the higher your upside
potentials, the higher your risk of
losing. So%
profit margin
in upside is same% downside%
is basically
rewarding.
Bitcoin is a gamble.
zero. I should say a million.
Correct.
Eventually. Correct. Mention
gold. Physical gold.
But
Bitcoin history.
Okay.
Bitcoin.
Bitcoin
sweat bullets. Okay.
the stock market.
Have fun. Exactly.
Do not buy Bitcoin with your wife's
money that you earned. No. The SB the
S&P is companies. Bitcoin is a
hypothetical
S&P by the way companies energy.
But I guess the physical material from
gold certain value
coins.
silver
but at least 90%
run the numbers I ran the numbers the
yeah the chart is
>> I ran the numbers
Wow.
Any building of Datson Avenue in 1950s
cost,000
million million
building 1950
million probably no
>> about four five okay five000
10%
So take
a
hindik
1.2
numbers also getting 1.2 2.4
6 uh 4.8
9.6
19 million
36 million
>> Wow. Who beat SP?
niche team. So yeah, S&P
S&P 500 historical calculator,
1980,000
down payments, but I'm saying
hypothetically,000
million
just saying
maintenance
because
in capital appreciation. Right.
Not grow to this number. Exactly.
The numbers again. Soion
will will accumulate
right
in the real estate business and business
and they're hot buildings and they're
hot rents. That's his business
maintenance free.
Okay. Life insurance.
So yeah.
discuss life insurance. Life insurance
[clears throat]
for
life insurance.
Life insurance
for the difference is a term policy for
a million dollar on a 25 year old is
approximately $30 a month, $360 a year.
The zela million dollar for the zela
is $10,000.
the Zela policy
coverage,000
per child. So as I mentioned
affordable
50,000
a term policy for the same amount is
between $500
$500 a month at maximum $45 $500 a month
it's $600 is affordable name the rest
gel li around S&P is way outbeaten
The life insurance
policy
double
does
policy expired
way more insurance policy. So the unhapp
insurance policy
available so hard cash IBIC available
any time
>> so doesn't grow so much doesn't grow and
guilt Fore
interest
account in
term in
insurance
is a fantastic organization.
Whatever the number is
right distributed to the
fantastic organization.
Yeah. And and
you know
life insurance. Life insurance is like
family life insurance. It doesn't make
sense. And the problem was
Let's go. Insurance.
Exactly. 100%
policy.
a million dollar policy
million
insurance update policy.
Exactly. So yeah,
the agent
set of back office
insurance
policy.
the basics in life.
So
the community
>> I'm going to really really consider
and maybe this is
a private business. It should be a
private business
call
can use the services% maybe. Yeah, maybe
you're right. I will definitely bring it
in.
office
insurance and a financial advisor
budgeting advisor and a financial
advisor
maybe insurance and health insurance and
and property insurance and fire. Yeah,
you're right.
>> Exactly.
This is fantastic organization.
It's not for the global audience.
episode
because
organization whatever this nobody cares
about
parking lot shopping in the for
views of Spotify.
But the point is as they mention
what gives you the energy to go on and
off
exactly
every daily emails and text messages
when
Okay.
Everyone gave messages.
>> So the final message is
responsibility.
This is the future
coverage. Amen.
solve a line. Just be careful on your
dollar on the day from the
bring it to reality.
So
the office studio
for the podcast. Yeah.
office
sales pitch. So
office
budgeting
financial certified financial planner
trusts and corporations
insurance agent
in the office.
Telephone number is 3478316468.
3478316468.
license for insurance.
Minimal fee
legal legal
certain benefits
legally and financially. So all
information
Fore
for financial advice.
for the need for
accounts
service.
Yeah. So the number is contact of
3478316468.
So a company of sized top tech cabling
and voel
cabling for low voltage and I like
camera system security systems for
companies
IP phone service systems
AI systems
84 456664008456664000.
It is a brilliant brilliant brilliant
technician for all your needs.
>> Thank you so much. I appreciate it. And
category
exist.
friend any of them WhatsApp groups of
family chats whatever is
support
of YouTube and until next time
[music]
>> [music]