Corner Class Tour| How The Big Banks Trick Working Class Citizens!

we'll talk about solution to practical access to everybody could take help raise your families network to put money in your pocket and find another way out of the country just empowering porn into 11 our people know ain't none of you we can't do excuses just results that's why I'm here at Horner big banking institutions kind of got us all gassed so this might my chart this is what we call the opportunity cost of money and tomorrow night we're teaching a lecture right here at our office in Buckhead if you guys want to come out is a private wealth mastery class a private master class opportunity cost of the dollar looks like this so we have this thing that everyone with money has the same problem everybody has the same problem you have money well you got 10k 100k or 1 million or more you got the same damn problem if that money is sitting in cash you got 10k 100k or 1 million sitting in cash the problem you have is that your money is making zero percent interest on your money is drawing dust throw a mold going bad and actually it's losing three percent interest eight years going negative three percent a year because the cost of living which is called the cost of inflation or inflation rate is 3% a year so do got cash sitting ten thousand so you just a you know what I got ten thousand savings will on it you just sit on a four year could you just scary as hell you don't want do nine is just some oh just in case just in case money that take eight years if you lose three percent every year it's doing you nothing you got a honey k just sitting it's losing three percent every years doing nothing with your the cash sitting right now if that money's in a savings account so we could talk about you got that money in a bank in a savings account you're getting like 1% or less if you got it in a CD getting you maybe three percent on a interest on a three-year CD that means you're getting three if you like this 3 CD get three percent or Bank that means you're getting $300 on ten thousand three thousand 100,000 or thirty thousand on a million so you got a million dollars sitting because someone told you to be parked in this instrument give you a three percent interest you make it 30 thousand dollars on your million but I'm making thirty thousand dollars in four months over one hundred thousand down payment on to apartment buildings opportunity cost the money you like the money parked in the wrong place so you always go look at I got some money whatever it is 10 100 million but what is my money doing for me now look what could it be doing parked in a better way in bet more strategic vehicle so then you've got your money in [Applause] you got any mutual funds and he starts right you had a stocks or 401 k's mutual funds and just just say that stopping at mutual fund or 401ks is doing outstanding and it's get your outstanding six percent that's outstanding in the market even say seven percent that means you're getting seven hundred thousand ten thousand over a year you're getting seven thousand one hundred thousand over a year or you get a seventy thousand on a million at seven percent and get stock market 401k mutual fund and the average one that's not even doing it the SMP index has been down so when you look at these numbers we got look at the opportunity cost of our money where else come on million be part what else start doing one hundred thousand so you got a hundred thousand part in a 401k pension a mutual fund and all you get into seven thousand dollars a year and mind you for those of you who don't got Pinchas mutual fund two for one case there's still for you I'm gonna tell you why it's for you in a second because this was think I'll be knowledgeable incredible because this conversation might not be for you to apply right now but what about your mom or your dad or your on or your cousin or your favorite uncle or your teacher professor that really rock with you real hard you could educate the next person on their opportunity costs are their money and if you're knowledgeable credible as an investor their investment money might be your private financing you need on your deal you can wake somebody up to wake them out of a opportunity cost financial sleep to say a hunk you got 90 grand from your veteran's pension sitting there getting you four percent we took that same 90 grand and you can put a 20% down payment on a four and a $50,000 apartment I turn out over four or five times plus get power control on equity appreciation cash flow tax advantages all from the same money you got sitting here doing nothing anyway will trust Merrill Lynch Goldman Sachs Morgan Stanley Bank of America Wells Fargo trust a bank to go invest our money and loan out our money but you won't trust your damn self you worry Social Security's that a self security or those around you so as a young investor or new investor or someone looking to scale as an investor you potentially got money all around you're doing it's happened to what the problem is because one you're not knowledgeable you're not credible because in order for someone to trust you with this kind of investment first this case appoint one of my partners on this 14 unit here is a retired veteran who had money in his pension we had the same conversation and now he's getting a 33 percent return on his money he took his money out of his veteran's pension former Marine Sergeant took is four or five percent interest he was getting off the same money parked it into an apartment building that again 33 percent Interest plus tax flow through appreciation and equity because we bought the properties with equity already in them this is real light stuff we did not be as smart and financially astute and savvy enough sledges as players we want to be the load of dumb Negroes then cool we go on take on milkis let's be sophisticated savvy enough to go make money or old and learn how to do for self and invest yourself you don't need forget what Jay Morris and same in why women like numbers what men like women odd numbers wood numbers don't lie you got your money parked in any kind of these financial vehicles and you'll get in pennies on your returns go look at the average would go boo that for you go google it look it up research it for yourself the average returns on real estate investments like 12% returns is weak to us like 16 is weak to us like we looking at 20s and 30s and better so why would I have my money parked here for for what you all got the same opportunity same capacity if you are intentional about just getting a knowledge base simple it's not that hard there's no information so we talk about that what happens when you put our money into real estate investments and so we do that we put on some position for those 12 percent plus returns plus the equity and the returns in the cash flow detective Eames etc and we win all across the board we have I have several NFL and NBA professional athlete clients will have the same comes for the same basic conversation with why you've got seven million parked in a bank getting you a six percent return off that same seven million you can leverage it and get a 21 million dollar building gonna make you half million dollars a year net plus tax flow touch those tax advantages it's just cuz you scared and do something different so you want to trust men don't invest your money for you but ain't scared to do it people that like you've never heard that stock market crash or the Great Depression like you trust in a stock broker what your money means it's safe like Trump all those fools just like like once you can't bomb or like can't drop a song you've got all your money part with these banks you feelin so trustworthy over your money like they gonna do the right thing with your money instead of huges be smart and don't it right there with you by your damn self self security no different now if you can't make it out tomorrow night you lost look the watch is a live stream will be live streaming this event as well if you're someone around the country is watching this you can live stream this event tomorrow from 7:00 to 9:00 p.m. J Morris Academy calm on how to use your 401k IRA stocks and pension [Music]

Channel: Mr Jay Morrison

Views: 66,299

Rating: 4.9352403 out of 5

Keywords: jay-morrison, jay-morrison-academy, jay-morrison-corner-class, corner-class-jay-morrison, corner-class, corner-class-tour, the-corner-class, the-corner-class-tour, jay-morrison-real-estate, jay-mr-real-estate, jay-morrison-investments, real-estate, real-estate-investing-tips, real-estate-investing, buy-back-the-block, gentrification, financial-freedom, financial-planning, wealth-building-tips, wealth-building-principles, black-wealth

Id: f4O6SOqMN-c

Length: 8min 50sec (530 seconds)

Published: Wed May 17 2017