S6 E06 | Money Moves

Cardi B's quote has truly changed my life. I don't dance now. I make money moves. In this episode, you're gonna hear how money moves, how you can grab onto it and. Hang on.

So we asked in the last episode, are we telling you to rob Peter? To pay Paul? Let's answer that question. What did you mean when you alluded to this?

I'm being interviewed here because this can get crazy. It can.

We can get haters out of the woodworks for this one.

Haters be my motivators. You know, here's the truth. Money grows on trees.

Oh, I've heard a book.

Yes, solid book. One of one. Buy it online and Amazon.com money is available. And so when we sit there, of course, you can do anything devious, right? With a brick, you can break a window or you can build a church. It's a tool. Same thing with money.

Very godly reference.

Amen. So with this money, when I mentioned find a way, right, you have to understand, if you go into every formula, every equation, every confrontation, every challenge, every business obstacle, money is going to be the easiest of those problems to solve. You have to have that mindset. The question that Grant Cardone taught me to ask is, where is my money?

Where's my money?

So it's somewhere around, meaning, how creative can you get? It's going to require you, my favorite book title, to think and grow rich. Like, you're going to have to sit down and come up with obstacles. Because in the last episode, you mentioned, I've got this phone call and I can't pay payroll, but somehow you pulled.

It off every time, right?

And it requires you getting creative. You normally go for a walk, you probably work out, you probably call some people, but you definitely think and you're thinking and you're thinking and you're asking the right question. Because if you could just go, oh, I'm done. It's over. It's over. Instead of going, how can I right, I can't pay this. I'm broke. Or, how can I pay this? I know I'm broke. Where's my money? Whole different question. And with different questions come different answers. And that's where the real use of credits and debits come in. I mean, the term home equity line of credit.

Oh, man, you're stealing my advice.

I know. I'm selling advice.

Getting there, right?

And you actually gave this advice. And I'm going to almost nail this date. This was April of 2022, and we were talking about there's a recession coming and you said, if you do not have a home equity line of credit, get one now, please get it as interest rates are very low and they're going to go up. Get an equity line of credit on your houses now. Don't use them. Just have it ready. It was like, okay, what is. What does she really mean by that? And so I went out and got a bunch of lines of credit. I got a B lock business line of credit, I got a bunch of new credit cards, and I got a bunch of house lines of credit. So it was sitting there, available to be used. Now, for the listeners, we've talked about home equity lines of credit a hundred times in this podcast, but if you're a brand new listener, if your house is worth $600,000 and you owe $300,000, there's a $300,000 gap in those two numbers.

It's called equity.

It's called equity. And you can use a portion, probably not 100%, but maybe 70, 60 or 80, depending on your job. You can definitely snag some of that $300,000 to do something. So to that point, am I robbing Peter to pay Paul? No, I'm borrowing it from the bank.

There you go.

And the truth is, I will borrow. I will borrow from banks. I will borrow from my houses.

And you're really borrowing from your future own money. Correct, in this situation?

Correct. And that's usually what I'm going to be doing. Right. Have I asked and reached out to investors in certain deals and raised more capital for particular situations?

Yes, you should do it. Only if there's enough equity to protect them. We are disclaiming this away. Never overleveraging an asset.

Yep. No, it's a great point. And so when you're doing that, you're truly, literally telling them, hey, this is the benefit. This is obviously the risk. This is why I'm doing this. Are you in? And you have to open it up. You have to have these conversations with these investors. And ultimately, to your point, do not over leverage. And over leverage looks like, to go back to this house example for a quick Second, you have $600,000 total value of the house, but you pay a buddy who, you know, who's a bank appraiser, and you go, yo, bro, do this favor for me. And they appraise it at 800,000, but you know it's worth 600, and you still go and borrow that money. And you take the borrowed money and then go to Vegas and play roulette and lose it.

Yeah. Don't do that.

Don't do that. This is terrible, terrible decisions.

Even if you're really good at roulette. Yeah.

And I am. Don't do that. Because ultimately the truth is in this situation you have to know and have a plan for your money. But specifically you have to think ahead of time. You got to plan for these things. Because if you have a business, investors will ask you for early payouts. They will come into situations where they need to get bought out of a situation or a situation or a deal early. You will have cash flow crunches in every single business. You will have seasonality shifts and trends that alternate in your business where you're not as rich as you might be. So in other words, you're not borrowing from Peter to pay Paul, but you are borrowing from banks to pay investors. And that's perfectly okay because the bank just needs their interest back. And if you can cover the interest payment and it's not a stress, it's not a problem. I simply think about it like if I can do this for this short period of time and this equity, this debt or this credit gives me more impact, more income or more opportunities, then it's an easy decision for me. What about you, Brittany?

I think that's great. And we're going to go into a couple of the realizations that I've had in navigating again, highs, lows, lots of different startups in my life and taking big leaps of faith like buying an island right before COVID and hurricanes.

It's the best time, man.

Oh yeah, you know, it's fun.

You nailed that timing.

So my biggest thing when I'm coaching people is to help them start with their long term vision for their life and then turning it into a five year plan. Where do I want to be in my relationships? Where do I want to be in my lifestyle, my health, my wealth, all those things. And then go from five years to one year to 90 days to today. And really looking at what is, let's just plan at least five years out. Where am I financially right now? Actually make them go through all of their current expenses. And then I pull something I kind of learned from the four hour work week, which is to, it's called dreamlining, where you look at where you want to be in five years and you say if I want to own that car, how much would that really cost me? How much will that house really cost me? How much will it giving at that level? How do I get to being able to give at that level? What will those date nights and Those family vacations, you really actually financially map out where you're going to be in five years and all those categories. And then you look at where am I today at my current expenses, where am I going to be in five years? And then what do I have available to go from here to here? Because what's crazy is when I'm coaching people, I will map out even debt consolidation plans. They don't realize again, they've got all this equity in their home and they could borrow it between 3 and 5% in the last couple of years. At least it's going to be a little higher now. And they could pay off these 25% interest credit cards, right? And go from making. I helped somebody who is, I think it was like $7,000 a month towards their debt, paid it off by consolidating with a home equity line of credit. And they got it. The same debt was now costing them $2,000 a month. So they got to keep that $5,000, put it in their investing bucket. Their investing bucket ended up help off the debt five times faster. And we mapped it out because weirdly I did this at 18. I helped people get out of debt. I worked for this, this United First Financial Group that helped people map out and debt consolidate and go from what would take 30 years or never paying off all this debt and get it down to two years by strategically cash planning your life and doing these kinds of tips that we're sharing with you. So you can do everything from plan on actually acquiring this dream life to getting out of debt, to running your business if you start using these strategies. And that cash sheet that I shared in the last episode really has been. It's not a perfect sheet. It's not something that I would ever say like, this is a financial report. It's never like that. It's literally just a Google sheet to start trying to make better decisions as the leader of the organization. Again, what do I need to sell? What investor am I paying 20% to that I need to get rid of? If I can't make more than 20%, I need to pay that investor off and try to find something better to do. Who's costing me too much? What is costing me too much? I might think I've got $2 million of equity in this property, but it's costing me $43,000 a month to hold. How long is it going to take? How many years can I hold it for? There's no equity because I've been carrying that beast. And so take that lower ball offer by just looking at this stuff globally again, you can't really grow and do well with things that you don't have a grip on. And you could call it controlling. I call it excellence. I like to know what the heck is going on so that I can steward what God has given me and what investors have given me really well, and I can navigate these storms. I have never fired someone, never fired someone for cash shortages ever in my life. I've never been like, the market's going bad. I need to lay people off. Never done it, even Covid. And I'm very, very proud of that. And I think that's a level of stability I can give my employees that other employers can't give, because there's other places that like, fire people by the hundreds every time there's a market dip or the summer comes around or whatever the situation is. And so I've really honored the people who have chosen in their one chance on ear to work for this vision that God's given me that's coming true through a company or a nonprofit. I've literally mortgaged my house three different times to make payroll in my career. I've taken all the equity out of my house to make payroll because I really do honor my team. But I was able to even make that decision because I had a global vision of what the heck's going on with my money. To the best guests. And we can make decisions even, like I said, accepting lower ball offers if you need to, to be able to survive. Because surviving is important. Buying yourself a Runway of time to be able to get new projects or assets or businesses off the ground is super important. And I've. I feel like I'm a good person to share this because I've. I've always bootstrapped it. I started with nothing. I didn't have daddy's money. I didn't have some big investor influx into my business. It's always been very scrappy, but we've always survived, paid everybody what they're owed every single time. Maybe a little late, but we have survived it. And I am somebody trustworthy to invest with, and I'm super proud of that. I've never lost investors money. So even though I've lost it all several times, I never lost investors money. So these are really important things. This is important to be able to build those reputations, because again, I do really appreciate that my parents didn't give me a bunch of handouts.

Yeah, you were talking about the day at abundance. What a gift that was.

What a gift it Was my parents never paid for a lot of stuff for me. Obviously, they took care of me as a kid, but I have the internal knowledge and strength to know. I can always figure it out. Brittany, you are smart enough. Might suck for a little while here, but you are smart enough. And that we've talked about in previous episodes. When you're really desperate, this amazing thing happens to your brain. Survival, creativity opens up and it connects to heaven and it starts getting new ideas to find a way. Because that pressure makes you focus, but.

Only when it's a necessity. You bring bring this up all the time where you will, you know, in an abundance summit or all the time, if you had to pay an extra $50,000 a month, what you going to do? And everyone's like, I can't. I don't care. Gosh, oh, I can't pay for that. For coaching. I can't pay for that.

For a car.

I can't pay for that. For investment. Okay, cool. Now your kid needs it to live and everyone does what immediately? Oh, I'll figure it out.

How do you do it within values, not just rob a bank. How would you figure it out? And it's amazing.

Yeah. Because it becomes a necessity.

And they start actually immediately finding a way and they all agree to be unable to do it.

Yeah.

It is not. That's why everything that I ever coach, I don't just coach real estate. I could probably be making freaking tens of millions of dollars if I was just trying to be a real estate investing coach. But the biggest thing I coach people on is identifying your purpose and weaving it into how you would build your business. So it's on the foundation of purpose and how you build your investing strategy. Because money is fake. And if you don't believe me, if you've ever gone to another country and you look at like the dollars from the Bahamas, you realize in that moment how fake money is. Because it doesn't mean anything to you.

Right?

You've taken away the meaning. So know now money is fake. And so if you're only working for money, you spent all your good years working for money, you're gonna feel really empty inside. Money is an expansion tool of your purpose. If you can actually identify your purpose, having that clarity of why is gonna allow you to overcome all of the hardship that's going to be coming from the fact that you're new. You're new. You've never done this before. So guess what? You're gonna suck at it. Just like my kid looked like an idiot trying to walk.

Of course he was freaking adorable. He didn't really look like an idiot. But you're gonna look like an idiot. You're gonna fall down, you're gonna hurt yourself because you don't know what you're doing until you do. Yeah, until you do. So have some grace, have a plan, have a why. And if that why, if your why is big enough, you'll make that extra $50,000 a month. Yes, you'll make that extra $100,000 a month. And that's why I take people on mission trips to clarify the fact that even if you don't know that there is a why that needs you to be able to of wealth, come freaking see the need firsthand. Standing by me and wake up to the fact that you are so fiercely blessed. You can become a creator of opportunity. You can be a person of abundance, and you can find a way to break through on behalf of others, to help eliminate suffering.

That's all I got, but it's 100% spot on. Find the need. Place the need. I say this all of the time. The number one. Here you go, every listener. How do I make more money? Donate more.

Counterintuitive, right?

Great answer.

Donate more.

Is it though?

Oh, oh, but, but, but, but how? That's less money.

Oh, well, you think money you have to make, right? What if you create it? What if you magnetize it? What if you earn it? What if you provide it? What if you love it? What if you cherish it? You don't have to make money. What if you create currency? Whole different energy with us, and it's now, but ultimately, if you give it, I think there's a scripture somewhere. The more you give, the more you are given.

The more you give, the more you're given. Or the more you give, the more you receive. And ultimately.

So you reap what you sow.

What's that?

You will reap what you sow.

Yeah. So start sowing some things, right? If you want some more money, give more money away. Start stepping into faith. Believe it for a hot second that what's written down will actually come true.

I think the science behind what you're saying too is you're actually energetically putting it out there to tell the universe, which is something God created. And like you're literally telling the entire planet beyond planet. Yeah, the cosmos, that this is not my last dollar. Yes, this is not my last dollar. I will create more. I have so much that I can give it away.

I got so much.

And that energy is something that money loves to find. Because money likes to move.

Come on.

It doesn't like to get stuck and stagnant and hoarded.

Kind of like a current.

It's a currency.

Hello.

Shout out.

Shall we talk more about currency in the next episode? Yes, we should see you there.

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