A framing question: would you take $10 million today or $100,000 a month for life? The speaker chose cash flow, entered that business at 18, and argues it changes how you make money decisions.
Would you rather have $10 million today, or would you rather have $100,000 a month for the rest of your life? Why? People are like, dude, I'll take the 10 million, blah, blah, blah. Okay, cool. Let's turn that thinking cap on. Because you don't have 10 million, nor do you have the hundred thousand yet. It's just kind of a thought. But what I'm trying to do is put you in the mindset of how I'm thinking, how my buddies are thinking, how I wish I used to think a long time ago because I'd made a hell of a lot more money. But I started thinking in cash flow terms. I am kind of jaded in a good way that I've got into the cash flow business at 18 years old. It' real estate investing.
