Why Looking Poor is actually Smart

When I was a wee lad, a young man, I lived on fifteen hundred dollars a month. And believe it or not, during that period of time, while splitting room sleeping on the floor with another dude, I was taking home about 15, $20,000 a month. And the reason that I live like that is because A I'm incredibly risk averse but B because I wanted to have money to go on the offensive later. If you don't know who I am, my name is Alex mosey. I own acquisition.com. it's a portfolio of companies. There's over $200 million a year. Make these videos because I want you to make shitloads of money and make a big company so that someday we can partner together and take it to $100 million and beyond. For me, making 20 grand a month was never an amount of money that I wanted to brag about or feel like I had made it. I wanted to shoot really really big. This was only stuff that was going to be stepping stones for me to achieve what I wanted to later. What I want to do in this video is I'm going to break down how I was able to live for so cheap. This is for all the single guys, all the single ladies. Now if you can live with your parents, even better. For me somebody would have died. It was for the best that I didn't have to live at home. This is what I actually did in order to live at fifteen hundred dollars a month or less. And I did that eating out every day. There's three big cost centers. You got transportation, you got living and you got food. So food wise, some of you guys have seen Mozi Meals, meal hacks, the things that I do at these chain restaurants. And I did it that way because I don't like cooking and I wanted to have more time to make money. Made more financial sense for me to not take eight hours on a Sunday to go grocery shopping and prep all my food versus me getting Chipotle twice a day which is what I did at the time. Then $15 a day today, 20 bucks a day, 30 days a row, $600 a month. You can also go to Panda Express which has a phenomenal 110 gram of protein hack with extra chicken. So you can have 200 grams of protein every day. Recommend it. Third best option is Chick Fil. A is one of my favorites. They are on the pricier side. Just go with a 220 packs of chicken nuggets and get in close to 12 bucks. This is a shitload of meat or two sandwiches either way, you'll end up in that 10 to $12 range and you'll be at that 600, $700 a month range. And if you're like, huh, did he really do that? I sure did. That's all I did. I picked between Chick Fil, a Panda Express and Chipotle. And that's what I lived on. So much to this point that Layla didn't know that we were going on dates. But for me, these were the fine establishments that I was frequenting on a regular basis. They knew me by name and they knew that I knew how to work the menu. So first step was Mosey Meals. And that for me, time to money wise was worth it. When I would go to the grocery store and I would get all the fixings and all that stuff, I spent $150 in a week and I ended up spending almost $600 a month. As a single guy when I went grocery shopping and did all the prep and all the clean versus me running out next door, grabbing the food, eating it and heading back. And it was a nice mental break for me. I ate cheap. And as crazy as this may seem, it is easier to figure out how to get all of your calories in eating out stuff ahead of time. The absolute cheapest route, which I'll tell you right now, loaves of bread, peanut butter, cheapest thing in the world. And if you really want to make sure that you're covered in your basis, get a multi item, you can live on it. If you want to add a third staple in there, you can add lactate milk. If you're dairy sensitive, you'll get protein, you'll get your carbs, you get your fat in. If you want to be extreme on it, you can be extreme. For me, I didn't want to live on peanut butter sandwiches. I did eat them when I was trying to bulk up, but I did those in addition to my normal calorie intake. And to that degree, you might want to do one of those Mosi meals and then do peanut butter. And milk is the other one, which is a nice cheap in between. Reason this is so important for everybody who's watching this. You got to know how to live cheap so you can save up to build the business you want, so you can invest in the skills and the experiences that are going to make you money. Number two is transportation. This is where Mosey mobiles came in. There's lots of M's when it comes to mobiles, meals and mansions. From the mobile standpoint, the most efficient way to own A vehicle is to purchase it in cash. A used vehicle that is ideally between 5 and 10 years old any place in America right now, today you can find a used four door vehicle that is between five and ten years old for $10,000. You don't have car payments. The only thing you really have to manage is car insurance which is not too expensive. And here's the cool part. The cheaper your car, less the insurance. You are young and you're living on $600 a month for mosey meals and you live on $100 a month after you've made your one time capital expense of actually getting the car, which I recommend doing and not taking a loan for it. All you have is your mansion, your chateau. Where are you going to rest your head at night? I lived in Southern California, one of if not the most expensive markets in the United States. I was in Costa Mesa was where I lived. And after I slept on the floor of my gym, which is the first place, which technically was zero, but at the same time it thousand dollars a month because it was my actual rent for my business, I then really splurged. I ended up having a member at my gym. Say are you really sleeping here? Said I sure am. Another member was having me sleep at their place for free. I was able to move from the free place to my own place, which is really in quotes here. We split a single bedroom in a seven bedroom house. He and I were roommates, not housemates roommates. And I had one mattress that I got off Craigslist and put on the floor fan next to my face because it's really loud by the way, so you can not have to hear what someone else is doing. Every other bedroom had a couple. There were three dogs in the house. My roommate had a dog, another couple had a dog and another couple had a dog. And one of the couples had two dogs and they were both big. So there was marking of territory. There was shit and piss in the house every day. Fucking horrible. My half was 400 bucks a month. If you're in like North Carolina or you're in Boise, Idaho, you can probably get a room for $400 a month without having to split it. Big picture here. I would recommend you go to the place where shit's happening. $400 a month that you'd spend to be in an area where things are going on, are doing things with their lives to get out of your area of the world where nothing's happening and your friends are still in the same place and your parents don't encourage you and think this Internet shit is weird and tell you to stop watching videos on YouTube to try to better yourself and just tell you to get a job. Whatever it is. If you want to get out of that environment, it is worth the 200 to $400 mark. The easiest thing to do is to connect with people online, join communities, join discord groups, join Facebook groups, whatever it is. Try and figure out where there are pockets of them because people congregate. You can find pockets of people that have similar goals to you and get around them. Every move for the first few years of my career was only to be around people. As long as you're a person who's going to hustle and people see it, people will open doors for you. Move from SoCal to Puerto Rico briefly. From there we moved to Irvine and then Albuquerque, New Mexico because I had people there that I wanted to learn from and I didn't know anyone else besides this one couple. If you just say, hey, do you know anybody else who lives in this area? And this is where like now the world's even more connected than it was a decade ago. See a lot in SoCal, you see a lot in Miami. You see a lot of New York, a lot of Chicago, and a big thing here. If you see Cleveland rich is not the same as SoCal, rich not the same as New York. What happens is your standard of excellence raises. In some ways you feel worse about yourself, but to the same degree, it shows you what's possible. My recommendation is to use that as inspiration. It is possible. They are made of the same flesh and bone as I am, therefore I can too. And when you get around people like that, they start talking to different time increments and different money increments. You're hanging out with or talking in terms of weeks, talking in terms of paychecks, talking in terms of $100 thousand dollar investments. You got to be talking to people who are talking about $100,000 investments. We're talking about years. Talk about decades. You can judge how wealthy people will be by how they talk about how they allocate resources, time and money and the increments that they measure those. I've moved a lot faster in life through handshakes instead of hacks. It's who who introduced me and opened way more doors than any what ever did. Getting around the who a lot of times, it's hard to measure, but when I look at all the big deals that I've done in my life, it's all been one or two degrees connected from People that I met. One recommendation that I have for you, don't turn down the first invite. You connect with somebody at a thing, it's like, hey, let's grab dinner. If you make that first one happen, the likelihood that you end up staying friends and connecting is significantly higher. If you turn down the first invite, it shows that you're not as interested. They also turn down your counter invite and it becomes this whole thing. And I'm just saying, like, one big move is just make it work on the first invite. When you go to that meeting, do some Prep work, do 30 minutes of research on the person you're going to meet with and try to bring something valuable to the table. Now, it might be your skill and you just apply it to them. And this is the thing. This is a fucking hack a life. No one wants a free patio. Like, hey, you got a buddy who builds patios? You don't have a patio. You have a couple people bid for it. Your buddy's like, hey, I'll build it for you, right? He says he'll do it for free. And you say, sure, cool, I'll save some money. The other guy said they can do it in four weeks. He starts taking four weeks and it's, you know, a third of the way done. He's like, oh, sorry, I'm working on some other jobs. He'll be around to work on it later this weekend. And now it's eight weeks and it's still, you know, halfway done. And at 12 weeks now, you start to fucking hate the guy. The thing is, is that if you want to do somebody a favor, if you really want them to take it as a favor, blow them away, make them feel awkward for the amount of work that you did. And if you've never had this experience, I can promise you I've been on the receiving end and it is uncomfortable. I owe this guy something. And the nice thing about this, you just provide value. You go in and you don't just buy a little bit of value. You actually do what a full scope project would be for whatever it is that you're good at. And you just set it up for the dude. Or you spend a whole day walking them through how you do this stuff. And you're like, well, how do you find the time for that? You work all the time. That's how you do it. This is work. It's investing in the long term relationships that are going to pay dividends later. Does that mean that I'm going to give to somebody and I might not get Anything back? Yes. Didn't you say you want to be an entrepreneur and make the world a better place? That's what it looks like at a micro level. The ultimate leverage that you can have in a relationship is not needing anything back. If you do that, you can be the guy that stacks IOUs. And then when you do need to make your move because you are going to do the next thing, then you've got all these blank checks ready to cash in. And then that is how you can propel yourself way faster. And you just load the deck early when you don't need anything. The time to dig the well is not when you're thirsty, but when you have enough water so that when you are thirsty, it's there. Now we can go on the offensive. My plan B was always strip at night, drive Uber during the day. And I'm dead serious. If you're making less than 60, 70,000 a year, I don't understand why you wouldn't take that car that you saved up for, that's got four doors, it's 15 years or younger, there's no visible damage on it. You got those three check marks. You can drive Uber. It is the most flexible job. You can make money immediately. There's no risk. Besides the actual vehicle itself, you can work whatever hours you want. You can do it on separate apps. And when I say whatever hours, I said there's flexibility, but also how many hours you want. You work 12 hours a day. If you feel like it, living on 1500 bucks a month or less, spend 20, make another 200, have saved up after taxes. So I could go on the offensive again. If you know it doesn't cost you much to live, your risk tolerance goes up because you don't have other shit to worry about. Real cost of the shit that you can't afford or shouldn't be affording right now. You're paying for the car, but you're sacrificing your dreams. You're paying for going out with the boys at the club, buying a table, getting bottle service, buying girls drinks. All of a sudden, boom, 100 bucks, boom, 200 bucks in a night like, what just happened? That was half my rent. You become less dangerous because it's very hard to fight someone who has nothing to lose. And it's very hard to fight someone who can live on nothing. If we had to pick between living on $10,000 a month and making $10,000 a month or living on $1500 a month and then spending the spread, if you spend $5,000 a month, $3,000 a month, $2,000 a month on your education so that you can increase your earning capacity. It's hard to be stopped. Side note, if you can get competitive with yourself at how little you can spend, recommend. One of the other hacks that Dave Ramsey has that I'm a huge fan of is taking out the amount of money that you're going to spend for the entire month, putting in your wallet and leaving it there. Don't spend more than that, period. That's it. That's all you get. You are one of these people who wants to credit card hack. Get 2% here, and I get 1% here and I get 3% here. You're focusing on the wrong fucking percentage side. If you're trying to be financially disciplined, just fucking be disciplined. So I get asked a lot about the income to spending ratio. I never had one. That's because I just try to maximize both sides. How can I hack the game to spend as little as humanly possible, period? And then how can I hack the other side of the game, make as much money as I possibly can? I just saved every dollar. That was it. Food, transportation, living. The other way of doing this is getting competitive with your bank account. One of the habits that I highly encourage you do is that every morning, what's the first thing you check? Is it Instagram, is it YouTube, is it your texts? I will tell you the first thing that I checked. The mornings when I was in this period of my life, it was my bank account. Every day I would wake up and I would check my bank account. And what happens when you do that is you develop this muscle of kind of this understanding of the money flow. It might be uneventful to check your bank account every day, but if I can give you a habit that will make you a lot of money. It's just like weight loss. If you get on a scale every day and you're trying to lose weight and you don't do jack shit, but you literally just get on the scale every day, people lose weight. Drawing and putting awareness to the problem or the thing that you're trying to change improves it. If you're in a business and you want sales to go up, start tracking everything. If you just start reporting publicly on close rates and put a leaderboard up, sales go up. Think about this from a human behavior standpoint. Punish bad behavior with yourself as quickly as possible. And you want to reward good behavior as fast as possible so you do more of it. That's why you check the bank account every day. Start seeing it go up and you get this little ticker, it goes up and if you really want to be a G about it, this is how I did it. Check your bank account and you have a Google sheet on your phone and every day I put my balance in. And if you can start getting addicted to getting personal records in your bank account, like if I can give you, the one gift of this is to gamify it. The people who make the most money, they think about money as a game. And the best way to do that is early on track two things, you check your bank account and you put it in and what's nice there is that you can start seeing long term trends. When I would look at that trend, I got a tremendous amount of good feeling. I would look at it be like I fucking did that. And every month get a little bit bigger, a little bit bigger, a little bit bigger. And you start feeling progress for the sacrifices that you make every day. Because you look at where you're at this month versus last month and you see progress. So if you want to improve your money situation, you got to check it, you got to look at it every day. And the first thing in the day priority means it is happening prior, it's more important. So you wake up, you make money a priority. You check your bank out every day. You start get a pulse on what's going in and what's going out, what's going in, what's going on. You look at all of the pluses that go in, you look at all the minuses. And next month you what, see, try and make that column go up and that column go down. You keep running that cycle and I promise you, if you actually look at your bank account every single day, even for 90 days, 90 days, you will be amazed at what goes in there. Like, huh, didn't even know I still had that app. Most people get anxiety, they avoid the things that they don't like. Got to confront it. I'm fucking poor, don't want to be poor. I'm going to look at this money until eventually it starts paying attention back to me. Because money sticks to the person who pays it the most attention. This is how the economy works. The person in two parties who pays the most attention is where the money ends up.