I wanna talk about how toforce yourself to get rich, and this is a topic whereI'm gonna try my best not to lose my mind andstart to rant and rave.
But this is the stuff that just, (moans) gets me so upset because, let me just get to it.
So, how can you forceyourself to get rich? How can you force yourself to make money, get wealthy, have that money grow? And just kinda like I said, literally make it happen? Not only, like, try, but force yourself for it to happen.
Well, this is something thatnot many people do at all.
And it's, once again, I'm gonna try not to rant and rave about it, but is what I'm gonna talk about pleasant? No.
Is it gonna be painful at times? Yes.
But does it work? Absolutely.
So, if you're like, “Well, no, I wanna like, “get rich tomorrow, I'm here for “the get-rich-quick-type things.
“I'm here for everybody tojust pat me on the head, “say, 'Listen, life is justrainbows and butterflies “and sweet little oldladies on motorized carts.
'” If that's what you're looking for, did everybody get that movie reference? Anyways, if you did, leave itin the comments section below.
But let's get to what is, soif you're still with me, then you're all like, “Okay, yeah.
“I'm willing to hear what you have to say “even if it's unpleasant.
” So, how do you force yourself to get rich? Well, first off, the key thing is, let's see, actually, let's go with green.
(chalk scraping on chalkboard) So how much? What do I mean by that? Well, how much money do you need? How much money do you want? Or, in other words, define rich.
And I say that because rich is gonna be different for everybody.
For me, personally, rich isnot having eight Lamborghinis, five yachts, you know, mansions around the world.
If that's your thing, awesome.
Rich for me is not havinga massive Rolex collection.
If that's your rich, hey, no judgements, that's okay.
But my point is you need tofigure out what is your rich? Because when you know what your rich is, that's gonna tell you, well, how much money are you actually gonna needat some point in the future? And that's the key thingis, well, you need to know how much money that you're gonna need, that you're gonna have to have for whatever your definition of rich is.
And when you have that number, then you can start toreverse engineer things and it will, no punintended, but force you to act and behave in certain ways within your personal finances.
So, once you have that defined, the next thing that you need to do (chalk scraping on chalkboard) is get an income, right? Get a job, get a couple of jobs.
I mean, I don't knowwhat you'll have to do for income-wise but again, because we started off there, you're gonna have a number.
You're gonna start toquickly, quickly understand and quickly, quickly realize what sort of income you're gonna have.
But when you're out there just, when you don't know that number, then you could very well be like, “Well, I have a job but I don't know, “is this job enough for me to retire “as a millionaire or whatever?” You know, that's what I thinkeverybody's goal should be.
Is to retire as a millionaire because that's totally possible, it's totally doable, the catch being, it doesn't happen in, like, 10 years.
It doesn't happen in 20 years.
I mean, this is a multi-decade strategy.
But retiring a millionaire, I think everybody shouldhave that as a goal.
So, if you know you wanna do that, and then also I should note that, once you have that, a part of that, glad I remembered, soI'm gonna put up here (chalk scraping on chalkboard) I want you to go and get yourself a compoundinginterest calculator.
In fact, down below, I'll put a link to the one that the governmentgives which, believe it or not, the government offers up a very solid compounding interest calculator.
So, that's going to tellyou how compounding interest and how much money you need to set aside and invest every monthto eventually get rich.
So, part of that is definitelycompounding interest and like I said, I'llput a link down to that.
Or you can just google”compounding interest calculator” and that'll give you a good idea.
But that's definitely, come on, Clay, shame on me, I should've remembered that.
But so once you have thatnumber, once you understand, well, you know, if Iput, for example, $1, 000, if I invest $1, 000, soI'm gonna use that number.
So, our number here is 1, 000.
(chalk scraping on chalkboard) You wanna put $1, 000 per month aside, because then you know, with compounding interest and all of that, you know that 1, 000 is gonna get you to that number.
I don't know what that number is but 1, 000 just makes the math easy.
So, 1, 000 is what you know.
So now your income is, “Okay, I gotta be able “to at least make $1, 000 a month, ” right? But now you're gonna needto make more of that.
But notice what kind of comes next.
After income, (chalk scraping on chalkboard) you then have investing.
Now, what is the vastpopulation of society do? The vast population ofthis society is over here, and on this step, theyare doing this right here.
They are(chalk scraping on chalkboard) they are doing wants.
Some of them, to give them credit, they're not doing wantsbut they're doing expenses.
(chalk scraping on chalkboard) So they're making moneyand then some of them are being responsible inthe sense that they're paying their expenses.
But some of them arejust like, “No, no, no.
“I'm gonna do wants, andthen I'll do expenses.
” And then those people areliving paycheck to paycheck, they can never get ahead.
They're always, “Well, the system's rigged, “I can't get ahead.
” And then you go, “Well, how come as soon as you “get a paycheck, you go to Starbucks “and do all these other things? “No wonder why you can't get ahead.
” But, what the wealthy do, what people that get rich do, they focus on investing right away.
Now, how is this powerful? How is it gonna force youto behave in certain ways? Well, after you invest, then at that point, you're gonna go down thereand pay your expenses.
(chalk scraping on chalkboard) But you may be thinking, and it's logical, “Well, Clay, how can I pay my expenses “if I'm investing first?” Ah, well, you better makesure that your expenses are in line with your investing goals.
And your investing goalsare gonna be in line with what you wanna do to get rich.
So you know what? If you don't have enough moneyleft over after that $1, 000, your cost of living is too high.
You have too many expenses.
So that's gonna force you to what? Well, you're gonna have to start to change your cost of living.
Maybe you can't go out toeat as much as you want.
Maybe you can't alwaysbe wearing, you know, have the newest smartphone.
It's gonna force you toadjust those expenses.
Maybe you shouldn't be going out and getting some crazy car payment.
Maybe you should downgrade a little bit.
I'm not saying downgrade forever because, again, you're gonna be rich.
But if you wanna hit thatinvesting goal of 1, 000, you better make sure that your expenses are gonna be able to be covered.
But if you do the $1, 000 first, and then you start to look at expenses and there's not enough money left over, well, “I guess I gottacut back on my investing.
” No, you gotta cut back on your expenses.
And then after that, once youhave expenses taken care of, and then the wealthy, therich, then those people are focused on the wants.
And that is how you forceyourself to be rich.
That is how you force yourself to behave and live within your means.
Have you ever heard that, “live within your means”? And I get it, it's kinda blurry, it is just a soundbiteso to be fair of like, “What does that even mean?” I actually agree with you, what does that even mean? “Live within your means.
” This, right here.
Meaning, if after investing, you don't have enoughmoney for your expensive, the solution, and I wannareally hammer this home, the solution is not, “Well, I guess I justcan't invest as much.
” No, the solution is startto go through your budget, if you even have a budget, if you don't, then get a budget, but youbetter start going through your expenses and figuringout what can be cut out so that you can stillbe making that $1, 000 a month payment because that's what you defined as your rich.
Now, if you're saying, “Yeah, I do wanna get “Lamborghinis and Rolexesand all that sorta stuff, ” well, that's kind of alsoa wake-up call where, I mean, I'm not saying you can't, but your income source at thatpoint is probably gonna be, I hope you have a reallygood idea that solves a lot of problems, or some sort of service that can really help a lot of people out.
Because at that point, you're basically, your income needs to be, you run some sort of massive company.
But, like I said, if your goal, which I believe it should be, “You know what, I wannaretire a millionaire.
“I got 20, 30, 40 years before I retire, “I wanna be a millionaire.
” The compounding interestcalculator will tell you how much you need to be doing.
And it's totally, totallypossible but not always pleasant.
Because it's so easy, and then there's a reason why most people flip, you know, have investing as the very last thing.
“Well, I gotta get money, then I gotta pay my expenses, “then I gotta have some fun, “and then we'll see what's left over “and then I'll invest that.
” And then those people, Imean, look at the statistics, just run a Google search.
I don't want you to take my word for it.
Run a Google search about all the people that barely have anythingsaved for retirement, that barely have anythingin savings for an emergency.
It's crazy, and this is exactly why, because they don't gothrough this sequence.
So, if you wanna forceyourself to get wealthy, if you wanna retire a millionaire, this is how you do it.
This is the order in which you need to approach your numbers.
So what do you think about this? Am I crazy, do you think I'm crazy? If you do, leave me a, well, I guess, hopefully, if you agree, too, leave those in the comments section below.
But I'm very curious, whatare your thoughts on this? Maybe you already do this.
If you haven't, and Ishould note this real quick, please don't go pullsome outlier data point, “Well, what about thisperson in this situation “with this, that, and the other?” And I get it, there'salways little outliers.
I can throw an outlier at you where there's somebody thatused to live in a cardboard box that all of a sudden nowthey have eight, you know, Malibu mansions around the world.
Which doesn't make any sense because Malibu is one location butthat's besides the point.
So, don't come into thecomments section and do that because that's a two-sided coin.
But just as a whole, do you agree with this? Do you think I'm crazy? Are you already doing it? Do you need some help in trying to do it? Leave all that in thecomment section below and I think we can get somegood discussion started.
But if you do enjoy this videos, I realize this didn't haveanything to do with necessarily trading per se, I mean, it did have to do with the stock market and investing because that's where you'd wanna do that.
But, if you enjoy these types of videos, hit that Like button, leave a comment down below.
And hopefully you decide tosubscribe to the channel, too.
So check out the other videos first, and then if you do like what you see, I'd love to have you as asubscriber to the channel.
So, get out there, please, please, please consider doing what rich people do, what wealthy people do, and I'll think you'll be very surprised with just how fast yourinvestments start to grow and compound upon one another.
First off, thanks so much forwatching the entire video.
Real quick, before yougo, I wanna invite you to a live webinar, webclass, training, workshop, online event, whatever you wanna call it, but it will be me, live, revealing to you what I've discovered that has allowed me to transform myself from being an employee to being my own boss, including how I had only one losing day outof 73 days in total.
I'm gonna cover threekeys that have helped me unlock profitable consistencywithin the markets.
The first key is super-weird but in a productive type of way.
The second key is super-awesome because it quite literally is wiredinto our DNA as humans, making it very easy to use.
But in a cruel way, this becomesa pitfall for many traders, I'll explain it all, though, including how to avoid the pitfall that it creates for some.
And yeah, the third key, when you hear it, sounds way too good tobe true but it's not.
And I'll show you how it all works.
Then, at the end, I open it up for a question-and-answer session that is, again, totally live.
Even if you can't make the live session, please still sign upas it will be recorded and you can go back and watch the replay that I will send you.
Click the image on the screen or click the link downin the description box so you can get the date andtime and claim your spot, which I should note is limited due to the fact that thistruly is a live event.
If you have any questions, let me know, if not, I'll be seeing you soon.