Labor Day Special - Cashflow Cookout Training

and what we're doing so so what I do want I want to introduce the gentleman it's going to really break down what our business is about not just break down our business just break down a mindset of how our year and months and day should go you know really break down on how to make this an effective day how to make your time as you build your business one that works with how everybody's busy schedule work so I know this gentleman knows 100% of what it takes to be successful because you already created success in this industry he loves having a position help a lot of people make money and more importantly more importantly definitely looking to have as many people create success they want to do it for themselves so could you guys do me a favor just come to come off mute Raise Your Voice wake up a cat or something do something and let my big brother Richard har know that you appreciate this time thank you all so much sir my big brother exactly Mr Richard fantastic yes the Hulk to the right to the left we can do it all up up up up I see I see your faces you're like oh wait wait a minute what does this have to doain by the way for those you that don't know song y'all heard the cookout song yet hav heard y song no oh well let me get y'all out let me get y'all out in the about I teach y'all this next time we're in person but Labor Day had me um reflective today meaning everybody around the country you know it's Labor Day right y ask yourself why is it Labor Day celebrating working why does labor even get a day why do we have a holiday a day off work to celebrate that we've been working all year and it's one of the The Peculiar things about our American System our economic system and money in America that reminds of me of the importance of what we're doing so if you'll bear with me for about 20 minutes I want to I want to bring y'all up to speed on what I call the cash flow cookout because how many of you got invited to a cookout earlier today have been to a cookout gotten some sun and some some food and some tasty Beverages and are on the way to something else later I did y yep yep going some in a minute yeah me too but let finish our uncle taught us something way back then and it's when you realize that you've grown into the person as said if you you give people a holiday they'll forget what the fight was about so when it comes to the cookout as you envision the things that people tell you well bring this or take that or uh you know forgetting that today is Monday all together let's let's get into this conversation about the cash flow cookout and I want take a long time so for those of you that are celebrating I celebrate all holidays because I love having a good time I love eating I love dancing I love the process the of enjoying that I'm alive but if you look at the history of Labor Day or any of the big holidays like if you if you go down your calendar we know that there's a holiday every month in our economic system yes starting at the beginning of the year taking it right on through Labor Day P fills in September just on the back end of back to school kids just went back to school last month but you got Labor Day this weekend Halloween's coming up then Thanksgiving then Christmas we know these things but I think we forget to tell people these things right and when it comes to Labor Day in particular it's actually the backend result of a major revolution in America now I know if we think about 4th of July that we celebrate on July 4th that's on the back end of this period from April 1775 to 1783 do you remember what Revolution that was Civil War that's the well the American Revolution was first and then 1861 to 1865 you had the war of emancipation you had the Civil War but do you know what happened right on the back end of the Civil War put this in your notes and write it down because it's the ongoing Revolution that we're in right now is the Industrial Revolution meaning that at the end of slavery with the rise of all of the industrialists your carnegies your melons your Rockefellers all the people that we talk about that are synonymous with wealth today it was a change in the way that money was made see up until 1865 everybody was a farmer of some sort or served a farm the food that they ate they grew or traded with someone nearby that had a farm of a similar kind does that make sense but with the Industrial Revolution two major things Chang about how money Works in America now we were on a token economy where people had to go to work every day in these factories and the two major things that came out of the Industrial Revolution were first organized labor Marching for fair wages because people weren't able to make enough money to live in comparison to what money they had when they were on the farm am I making sense to you okay when all your is going on your land when you getting your water out of a well you don't need a water bill you don't need a grocery store but now you got people packed into these slums trying to make enough money to live but capitalist controlled all of it and everybody had to go to work when kids used to go to work on the farm there were different things you had to learn by watching people do but our American education system also came from the Industrial Revolution meaning child labor law said you can't put these babies in here on this equipment and Machinery we have to teach people different things to work as cogs in our machine let me pause and say that we have to teach people different things to work as cogs in our machine they got to learn to get up at a certain time to get hungry at a certain time and we to go back to work at the end of that time so that the machine stays going and we need to give oursel a constant blow of new employees into our machine now the thing about the Industrial Revolution you know that it's still going like right now like I talk about it like it's ancient times but the thing about industry is it reinvents itself so that we started off with steam power in the 1700s then electricity in 1800s then Computing in the 70s and 80s and today right now today you understand that we're in the middle of an intelligence Revolution where even this meeting that I'm on right now there's an artificial intelligence engine looking at the words that I'm saying and the reactions that I'm getting that'll SU a meeting and the attent after I'm done it's a revolution it's ongoing and the thing that we got to remember is we're still fighting the same folk meaning as you and me if we think about the freedom fighting process because I you know when I signed up for this business I signed up to fight for my freedom not just my freedom but for all of our freedom Financial Freedom but with the with the freedom of finances we also get ourselves free to take on larger causes and every war that's ever been fought if you if you look through history it's a process to it meaning there's a group of people that look around at the way things are that say I'm mad as hell I'm not willing to live like this anymore yes so they make this declaration they make a declaration of independence they make a proclamation of emancipation but whatever they do they declare that they're not doing this anymore they build an army and fight until they win and that's what changes the world so I want to expand our vision because I look across the people that are on this particular Zoom we know some things that people at events that we are going to do not know about our country our money and the way that we can live better than we're living today not just have one day off what if we had days that were seven days of Saturdays and our children got accustomed to the idea of us not going to work for money but having money go to work for us and be abandon does that make sense that's and sometimes I forget I get confused by the things that we're doing but if you think about what Chuck talked about with inflation and taxes silent income killer and the Chainsaw Massacre this is where our fight is today it's modernized it's updated it's systematic to where people aren't even aware that they're losing they're bleeding hemorrhaging money on a every paycheck for paycheck basis and this debt curse that is piling up to where our children owe hundreds of thousand dollars at Birth and big business is still saying can you give me more and oh by the way if y'all are looking for something that'll really open your eyes to this fight there is a special on Netflix called The Wealth Gap in America I'm not one that usually says go watch TV but go watch the wealth Gap in America because the disproportionate Gap why all of the political coverage and all the elections and the tax laws matter so much is we are slowly being pressed out of existence as a middle work class meaning it we're very quickly going to a place whether you got it or you don't and the difference between got it and don't got it is the way that you apply strategy meaning in the wealth Gap here's something I learned that I don't think I knew before but you know we were bought into this country as labor like the war for labor the war for labor and emancipation was about currency meaning do you know that in the United States especially down here in the South human capital was what they traded on dollars were equated to slaves and mortgages were based on human lives there like the land wasn't worth what it is now it was the amount of people that were associated to the land a mortgage was written to a slave owner based on the number of slaves have now I say I put that in perspective just to let you know that no system that is profitable gives up its power easily it just converts the way that it gets access to it how did how did that process work well in America the what's true is true it's not how much money you make it's how you make your money yes and we see here's what happened we learn these things passively but we forgot to teach them to other people meaning if you think about our tax strategy and tax structure in America the key the solution that we have with MWR is relatively brilliant and miraculous because it allows us to help people experience that shift in income that is necessary put that in your notes it's not just it's a good idea is necessary if we're ever going to be wealthy the first thing we got to do is increase the cash flow that comes from the things that we do our membership does that but we forget to teach people does that make sense then the second thing we have to do to protect our income everybody say protect your check protect your check to protect our we need to build a business income and the structures and shelters that the business income provides so that we have enough money left to have investment income listen put this in your notes money making money money making money with Leverage is the only way that wealth is being created in this current economic system meaning you can't outwork taxes did you know it because here here's the thing here's the flaw in in our teaching right what they tell us they say make more money make more money make more money right the flaw in that strategy of make more money make more money and I found this out the hard way is the more money you make the more they take this is the 2024 tax bracket y'all I want y'all to see what these percentages look like I know we talk about how much do people pay on in average on in income tax 28 to 33% right but what about when you have that breakthrough year and you go over $240,000 and now they want 35% of it do you know that most people that make like here here's here's something I learned hanging out with NFL and NBA players most of them add a foundation and multiple home businesses to offset this 37% tax bracket so they can get back down here with people that are only making 200,000 a year did you hear me I mean think about this if you make a million dollars and you tax 37% you know you paid $370,000 in taxes ridiculous it's crazy and here's the thing it's not just the amount it's not a percentage in dollars the more you make the more they take but it's how they take it they take it up front meaning that W2 28 to 37% I work I'm taxed I get to spend what's left is a bad Philosophy for anybody that wants to make weal at the same time that $ 1099 the the business the MWR business business membership as a solution offers us the business earns the business gets to spend money and gets taxed on what's left so for the average working person the best investment we could ever add to our portfolio is a profitable homebased business why now we get to take things into our lifestyle off the top and reduce what's left to be taxed on the bottom so that we have money to put the work in capital gains because I want you to get this analogy cap capital gains is where the rich get richer because their tax less than half just if the percentages were all we were working with 15% but the money works the money gets reinvested the money gets to make more money put that in perspective like if I just think about the faces I see on the screen say for the sake of this conversation I just have my good paying job Tanisha has her good paying job and a business and Pia she don't have have a job or business she's retired she just has her money making money do you know that if all of us go out and do the things that we do to generate income our treatment is what will make us fall further ahead or further behind meaning I make $100,000 in my job Tanisha makes $100,000 in business Pia makes $100,000 in her investment account what happens to me the minute I make a dollar my employer sends a third of it to the the government in the form of taxes yes so instead of that $100,000 that I made working I only bring home 66,000 now here's the here's the kick on that $66,000 every dollar of that 66,000 that I have when I spend it on anything I get taxed on that same after tax money now with tanisha's business say she has the job and the business is somewhere between the two she makes a 100,000 but the business puts her in place where she can write off $30 $40,000 dropping her to a different tax bracket on the same lifestyle that she was living with the possibility of unlimited income with leverage for labor she did not perform am I making sense like it's so powerful that sometimes we forget that what we got is not just good it's amazing right C so now instead of 66,000 Tanisha has 85,000 of the 100,000 remaining possibly more but now here's the kicker here's where money making money makes the biggest difference in the world it doesn't matter how much money P's money makes that $100,000 it doesn't get taxed until it gets touched so in a private reserve account you could make 18 20% in a year you mess around and now you've got $120,000 that went untaxed until you touch it in the pr you don't have to touch it you can just borrow it from yourself oh because you the bay I didn't take it out I didn't cancel I just took out a loan for the time being I'm paid back in a method that's suitable to my financial purposes especially if I do it through the foundation does that yeah do do y'all remember that the these the things that we have so here here's what I want people to think about when it comes to sharing what we do it's not just a matter whether people want to sign up for things or have what they what we do it's just understanding that this is the lowest cost way to get out of the Trap that most of us are in meaning it's the cost to start up is so low $149 to $300 to get started you got low overhead because the building that you're building the businesses is right over our heads already this lowers our taxes just by being in existence especially if we use the hurdler app that Mr Harden talked about during the presentation to document everything that we do because if you don't document effectively if you don't have effective files and systems your butt cheeks are grass and then to have a high income without a high output of labor hours is that Mak sense I would go through the exam but matter of fact let me run this this example just so that you see it visually think about these things that are going to be in your lives whether you start the MWR business with us or not um we call this a number one asset strategy in this way you gonna pay a mortgage anyway does anybody on the line have a mortgage it's more than ,000 so if you so the mortgage was going to be more than $1,000 anyway but if you have a business now 20% of that home could be written off as tax deduction that gives you $200 $2,400 a year in deductions for a bill you're going to pay anyway does that make sense same thing with utilities anybody got a utility bill that's more than $500 a month so conservatively that 20% that's 100 that's another $1,200 we get the write off anybody cell phone bill grading $100 another th that you get the write off now what what's what's a message here those are bills we're gonna pay anyway anybody driven more than 10,000 miles this year y anybody spend more than $200 a month on meals and entertainment I have to update this I think we still get 100% on business meals right but just say for the sake of the example you only get half of them 1200 and then internet is your internet cost more than $50 a run well you can write off all your internet whatever your internet bill is you plug that in there and that's the total in deductions with the 12,000 miles of $122,000 a year you get to write off because you have a business put this in your notes if you don't have a home based business these and the other 465 deductions that we talk about because we only talking about a couple of ones that everybody has right you don't get to write that off if you don't have a home business right your state and federal taxes is $3,600 and let's say for the sake of this example you don't have just a huge business where you making uh $6,000 a month like a regional direct like a regional like Chuck Harden would make you just making $200 a month that's $2,400 in business income right you put that together with the dedu do you know that that's $6,000 in tax benefit to you by moving this is Shifting the income gradually I want y'all to see this this gradual this you're not writing home about the $200 you make in business but if you got $6,000 extra do you know that you would have to have $600,000 in a bank to earn $6,000 extra even if you got into a diversified cash flow account you need 200,000 at that 3 to 4% range or 100,000 sitting somewhere else but we took that $249 and got you $6,000 a month see people always get this part screwed up in their brains they think that investing is superior to building a business put this in your notes investment is just an investment in a business if you buy $249 of Microsoft stock that's a $249 investment in Microsoft's business by the way that's one half of a share you can buy a half a share of Microsoft 249 but if you take that $249 and your sweat your text Equity meaning you share what we do with enough people we start to declare war against mediocrity of lack of letting ourselves be in a place where we have less than enough just by Shar and our team of financial experts who go to work guess what they work on attacking the enemies that were taking the money from us so between this tax reduction debt elimination restoring credits getting bills down low now you get the leverage of a team of people who get paid and get joy from helping us win our fight and win our battle and make wealth real so with that said I here here's what I want us to do never forget that we're in a continual learning process about money and the money game and if you think about the strategies that you'll get from a Dave Ramsey in The Total Money Makeover or um Robert kosaki and Rich Dad Poor Dad this is the business where we get to implement them and play the cash flow game to win in real life so that we can develop that Millionaire Mind and be The Millionaire Next Door hopefully this has a Labor Day topic with something different from you but put it in perspective labor is the highest tax form of income in the world we're all trained to get it because the government profits from it if we ever want to escape the more gets trapped if we ever want to get ourselves out of a place where our Legacy is no longer lack thereof we can't keep doing the same things and going to the cookout just because we got to day off we got a day on and let's march on let's win let's win let's win together let's go let's go let's go happy Labor Day y'all happy labor dayy Labor Day