Lesson Info
1. Class Introduction
Lessons
Class Introduction
08:50 2My Start in Investing and Teaching
14:53 3Financial Education - Know Better To Do Better
36:39 4Start Early, Start Today
09:25 5The Latte Factor: How It Works
26:45 6Student Success Story
03:44 7FITE - Financial Independence to Transition Early
11:22 8Common Investment Mistakes
02:30Becoming Rich on an Ordinary Income
04:46 10How Much do You Need to Retire
04:45 11Retirement Plans & Where to start
06:19 12How to Earn 10%
28:48 13Investment Pyramid
19:13 14Reasons Most Investments Fail
08:41 155 Things to do During Market Correction
04:28 16Retirement Accounts and Investments
03:58 17Renting vs Home Ownership
09:22 18Why Your Dreams Matter
13:28Lesson Info
Class Introduction
Thank you. It's so good to be here. They told me not to go over this line not to get too close. I'm coming close. I thank you guys. So I think and thank you at home. I'm high fiving you. I am so excited to be here. So excite me back with created live Because this feels to me for me like it's family And we've had some of you have seen the show that we did before we had 32, people go through the first class I taught here which was start late Finish rich, which you're holding a book from, um And so I reached out to chase who I just really respect and admire. And it's a chase. Let's just have been totally crazy. Let's launch the lot a factor before it comes out Not on a television show, but here at created live and let's create a class on this book. The lot day factor, Mastery class. So today I'm gonna Lily, I'm gonna take you through this book before comes out in stores and walking to the life lessons on how you can truly live rich. The subtitle of this book is why you don't have to be ri...
ch to live rich. And I'm gonna show you how small winds, small amounts of money can truly, truly changed your life because it starts with small winds so that, you know, even if they're here, you're living paycheck to paycheck. By the way, I'm not putting you on the spot. But how many of you know someone who's living paycheck to paycheck? Okay, so seven out of 10 men, we have one brave gentleman in the audience. Seven out of 10 men in this country living paycheck to paycheck. Eight out of 10 women are living paycheck to paycheck. And I'm gonna go through some of these statistics a little bit here. But if you're living paycheck to paycheck right now, if you are in student debt, which you're gonna learn like our main character in this book, Zoe Daniels is in student debt. If you are, if you feel like you're drowning, I'm here to tell you today that there's hope. There are truly things that you can do to take charge your financial leg to day. I'm gonna be giving you this is not ah theory class. This is an action class like you all got pads of paper to take notes with and you at home can take a lot of notes. I am in the activator business, he said. I'm a teacher. Heart. It's truly what I love to do. I've been doing this now for 26 years. It is my passion. But I teach to motivate you to action because education without action is entertainment. Okay, It won't change your life. Those you are most look really of. We have small audience here. This is about the audience at home. And so for whatever reason, if your work or your home or your the gym later. You're watching this because you bought it in you you're watching on your IPad or your phone Information's amazing, provided you use it. So as I go through the class today, I'm very specific and intentional about what you need to do all in favor taking action, say I think a good audience. Okay, so I'm gonna teach you the first person who taught me to take action. And that is my grandma Rose Block. So there's a picture of my grandma Rose Bock, the first book I ever wrote. Smart women finish rich. That was my first book 20 years ago. It came out. It just came out for its 20 year anniversary edition. It's dedicated. My grandmother and I didn't interview before. If you were watching with Chase Chase and I had amazing our together, you should go back and watch that, Um, I shared the story, but I'm sure it again for those you who weren't there, that I learned about money at a very young age I learned about from my grandmother. So my grandmother was a general was a came from the generation that was poor, right? It was the was the Great Depression generation, and she did not have a college education and at 30 shoes living paycheck to paycheck and both her and my grandfather of really very middle class, probably the lower middle class in terms of of the money they made and the way they lived. And at 30 my grandmother made decision that ultimately would completely change our families. Destiny, on the decision that she made was that she was tired of being poor. So it 30 the way she tells a story. Is it 30? On her birthday, she turned my grandfather. His name was Jack and said, Jack, this is not working now when you're the husband and you hear this is not working, that's not a good thing. And he's like, What? What's not working? She said, In case you have notes were poor and he said, Oh, it's not so bad She said it was pretty bad. We don't We don't have money in the bank were renting. We basically live paycheck to paycheck. There's so much that we can't dio and I'm tired of it. By the way, maybe some of you right now are tired of this. Um, she said, I'm tired of it and my grandfather would said to her, What do you want to do about it? And you what? She said, I don't know, but things have to change, and I'm gonna go figure it out. So it gives me chills because she started to figure it out. Back in her day, she went toe adult education classes and start taking classes on money and start taking classes on investing. And she told my grandfather, weren't start saving to invest. And so she started putting 50 cents out of her paycheck and 50 cents from his paycheck, literally in a coffee can in the kitchen. How many of you remember coffee cans? Okay, you do because it's a young audience. But should coffee can in the kitchen? She put the money in the coffee can in order to save that money. She had a brown bag lunch, so she worked at Gimbels department store, Milwaukee, Wisconsin, and she had to find the money. A lot of factors later, we'll talk about how you find the money. In her case, you brown bag lunch and her friends teased her. They said, Oh, come on, come to lunch with this You're so cheap She would bring her Brownback Brown bag lunch and they would teaser for and she'd say, Well, I'm saving to invest and they'd say, What do you need to save to Investor? You have a pension? Bland. Someday she's like, Yeah, but it's not gonna be enough. And she said, But I don't want tea. Hated being miraculous calls. It was cold. I want to retire to Florida or California someday. You'll never have enough money to do that. She's like, I'm gonna try so she stays this money end of the year she takes it down to a brokerage firm. She walks in the door, She meets with the broker and the broker looks, Hearne says. We don't open accounts for women. You need to come back with your husband. No, I agree. Almost all women, this audience, my grandmother goes. There are four brokers firms on the street. If you don't want my money, I will just go next door. And they said, Ma'am, why don't you sit down on? She opens the account now. The where the story turns out is that that first year she loses everything she invests, which is amazing, because over her lifetime she becomes a millionaire the first year by getting stock tips. She just makes investments, cause she still doesn't really know what she's doing. And at the end of the year, she's lost everything and I go what it grandpa say, she said. I didn't tell him, So she did. The 31 I had to go learn, had to go learn better. You're seeing a second. I'm gonna say, When you know better, you can do better. She's in a 31. I'm still poor. I have to go get better. Let's skills, which is, by the way, why you're here. Create alive. You come to create alive to learn new skills that you either may not have or you're just not doing yet because a lot of what I might talk about today, probably most of it. You already know you should do it, but you might not be doing it. It's not enough to know it. You got to do it. So she learned how over her lifetime to invest and over her lifetime should give a self made millionaire.
Ratings and Reviews
Ling Fan
Great class! Concise and powerful! Wish I knew this 10 years ago.
Carlos Figueiredo
I thoroughly enjoyed the course love it!
Kennie Johnson
Very helpful and inspiring
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