My Honest Suggestions To Those Who Want Financial Freedom (This Changed My Life)

when you look at e all these billionaires Oprah renrey still had a network she had to report to but she used that to build her name LeBron tiger Michael Jordan they they they use that to build their name that funds their dream I got to render a strategy and I got to sit down and write the strategy that were produced over time here's the number one thing that I saw that they all had in common they all had patience you got to have patience for the strategy to work to the table welcome to the [Music] table welcome to the table there are more than 20 million millionaires living in the United States of America per credit Susie and I'm sure that if you're watching this then you want to be one of them as well maybe you're saying hey Anthony I don't millionaire that's the long-term goal but short-term goal I just want to get control of my money you know recently Forbes um released the top black billionaires of 2024 Michael Jordan uh with $3.2 billion in net worth oppra renfrey uh with $2.8 billion in net worth Jay-Z with $2.5 billion in in net worth the one and only Tyler Perry with $1.4 billion in net worth Rihanna the beautiful Rihanna with $1.4 billion do the baddest golfer to ever hit the land not just in America in the world Tiger Woods with $1.3 billion and some would say the greatest to ever play the game of basketball LeBron James with $1.2 billion and I believe when of the brightest one of the smartest basketball players Magic Johnson with $1.2 billion do you see I did some research on all of these billionaires and found things that all of them have in common when it came to building their wealth for themselves for their businesses and their families and what are some things we could learn from them at least to become multi-millionaires multi thousand what can we learn from these billionaires that we can apply to our lives today that would change our financial tree our financial future but before we get there I want to go to the scripture I want to go to the Bible I want to go to the navigation system of our life the scripture that I want to read today is from Deuteronomy chapter 9 actually I'm sorry chapter 8 I want to go to chapter 8 verse 17 and chapter 8 verse 17 it says that you may say to yourself my power and the strength of my own hands have produced the money that I have AKA The Wealth that I have for me that line is scary because Verse 18 says but remember the Lord your God for it is he who gives you the ability to produce the wealth with your hands and also confirms his Covenant which he swore to your ancestors as it is today I wanted to start off this show today to to remind us with this scripture that a lot of us think I did this a lot of us say I built this don't forget that before you could build anything with your hands before you could be build anything with your anything with your knowledge with your wisdom God gave you your hands God formed you in your mother's womb God specifically made you for the assignment and for the purpose that you're doing to make the money that you're making so you can't do nothing without God which is why why we're none of us are perfect which is why I always say thank you God for the business that you've trusted me with thank you God for the team that you have trusted me with God thank you for the ability to do what I am doing thank you for the wisdom thank you for the knowledge thank you for the circle of people that you put around me thank you for the millionaires the billionaire the 100, thousandaires the smart people the wise people that you put around me that can help me grow in my ability and speaking about growing in ability the only way we can grow in ability is if we consume the knowledge if we consume the information that helps us grow all month long all month long in the month of April we have we have been on the April's lit campaign to where we are giving away 20 ,000 gave away $20,000 some of you are are going to be watching this after April but at the time of the relase release of this video it was on April 29th and you still have time today and tomorrow to sign up but then after April you can't sign up no more you can't qualify but there's a wealth of information that we've given out over this month and it's not too late for you for you to get this information as a matter of fact go ahead and check out this quick commercial fam I got a question are you ready for an April like no other well I want you to get pumped because we're about to make it rain with our aprilis lit $20,000 giveaway powered by my friends at smart Wiz I want you to imagine this come here come here come closer you and your Rider die are on a $5,000 vacation of your wildest dreams or Kickstart your financial future with $1,000 towards an IRA or investment account that's pretty sweet right but hold on to your seats baby because it's about to get even better I want you to join us for April's lit financial literacy month where education meets opportunity I want you to amp up your financial knowhow treat yourself to a well-deserved breather and master the art of smart money management here's how you can get involved with all this excitement it's simple go to Anthony oil.com to register for 100% free and you got to subscribe to the YouTube and apple podcast channels to qualify for the chance to snag one of these incredible prizes this is $20,000 so don't let this opportunity slip through your fingers take charge of of your financial destiny and stand a chance to win big join us for the April is lit and let's make this month a month that we cannot forget visit Anthony oil.com right now to register and check out Today's Show notes for the the link all right let's get to Today's Show so listen if you're watching this April 29th and April 30th go to Anthony oil.com get the information it is not too late uh to enter into the drawing enter enter into the giveaway and to get the information if you're watching this after April um we're still going to be giving away this information and we'll figure out how to get it to you let us know in the comments if you want it and we'll take good care of you um if you're watching this on um if you're watching this on uh YouTube and to my podcast listeners hey thank you all man wow uh thank you to subs thank you for subscribing to our Channel man for the first time in April we crossed the top 100 podcast in America in our category and it just felt good to know that out of 3.4 million uh podcasts out there we um made it into the top 100 I think the the the what I saw after doing the research our highest our lowest Peak was number 46 um and then our highest people was is right around 85 and so thank you just to be in a top 100 podcast the top 1% I'm extremely grateful and 70% of you all are watching this right now and you're not subscribed whether you're a podcaster and you listen to the audio version hey can you please hit subscribe and download our podcast if you're a YouTuber and you just prefer watching yours on YouTube so you can see my crazy facial expressions thank you but can you subscribe and be a part of this E3 Community man we're giving away some amazing things things we're building some amazing things here the E3 Community for all of our uh subscribers it simply stands for we're expanding an abundance wellness and freedom every show every time I hit the stage every time I talk to people I want my words our content here to help you increase in abundance increase in wellness and increase in Freedom that's super important speaking about increase let's talk how did these 8 billionaires get this massive increase and become billiona net worth and I want to start off with this very first thing that I that I've after really doing some research and studying all these people here's the number one thing that I saw that they all had in common they all had patience all had patients they knew they had the strategy they knew they had a special gift they knew they had a special eye and they knew if they could take just small steps work the strategy a long period of time over a period of time wealth will come they knew that wealth is not going to come quickly or overnight they also knew that I can get rich but the difference between rich and wealth was rich means I get a large lum sum of money today I Could Be Rich today and broke tomorrow but wealth produces another level of income that wealth is typically producing itself you see wealth comes from discipline and consistency these are the top two contributors that that that contributes to wealthy Millionaires and billionaire success what I saw with them is they came up with a long-term financial plan on how to reach their financial goals this goes back to what I told you all a few weeks ago that if you are going to earn your time back you have to earn money and how do we earn money it's simple number one you got to evaluate where you are number two you have to arrange the vision number three you got to render the strategy and you have to act they render the they they arranged the vision aka the goal that they had and they knew that I can't build this overnight I got to render a strategy and I got to sit down and write the strategy that will produce over time man it was just yesterday when LeBron James got into the league I remember because me and him are right around the same age I remember when he went from high school into the league I I remember when Kobe was talking about that now look where he is today 20 years later I remember when I left Ramsay Solutions I remember when I met when I left Beth Tech I remember when I left selling cars for deakon Jones Nissan but look at us today I really want to sit back and think about this some of us are so much in a rush that we don't even know time moves quickly it was just 3 years ago I was working with ramsy it was just almost 10 years ago I was working at belto what am I saying you got to have patience for the strategy to work they have patience and they trust the system do you have patience you see patience for non-patients for you all it's costing you a lot of money non-p patience is causing you stress oo good God and before I say that I think I said bethl Tech I was working at bethl church uh the bethl church not bethl Tech love bethl Tech love you um you know I'm about defend some of y'all but I say this out of love I'm mentoring some young twiy roads and I see this with everybody but this younger generation is such in a rush to be a boss that they're not patient to learn the skills and the assets to become a great employee so that those skills and assets can transfer over to being a great employer you're so quick to be the LeBron James you're so quick to be the Bill Gates you're so quick to be the Gary Vees you're you're so quick oh they could do it I I could do it no some of y'all need to shut up stop acting like you know it all and be patient I knew when I was 28 that I was going to eventually one day be my own boss and have my own company but what I heard clearly from God is your not ready and I fought that when I first heard him but I was 28 I was like man I'm tired of going to work I'm tired of having a boss no I needed that leadership I needed that wisdom I needed that accountability I needed patience because if I would have quit my job if I would have said no I'm not working for nobody else I would not be where I am today period I've always been gifted I've always been talented but gift and talent without accountability wisdom and knowledge and guidance is trash LeBron James had patience he didn't start a business as soon as he got into the NBA he perfected his skills and got used to the NBA we're seeing Serena Williams with him one of the first um um black uh females who have ownership into an NFL team they just invested into the Dolphins they didn't have this 20 years ago no they were patient they knew it was coming and if you're going to build wealth you're going to build it over time you're going to gain the assets the skills the wisdom and the knowledge over time which leads me to number two patience because they have patience they didn't rack up a whole bunch of debt they're not over leverage AKA they have very minimal debt and when I say minimal debt I don't want to lie because I know me I'm the debt free guy they do have some debt but they're billionaires so so they have the money to to to leverage debt in a way that doesn't hurt them that 98% of the world cannot do but when I look into all of them they are not drowning in debt I want you to take that extra $100 and use it to pay off your debt early I did some studying and and I've known these numbers but I want to make sure I was right um um Ramsey Solutions did the largest millionaire study in the world I mean this like oh I think it was over 13,000 millionaires they studied I think um The Millionaire Next Door did a study of like 8,000 I think I want to say 6 to 8,000 um and uh Ramsey Solutions Dave Ramsey and at the time Chris Hogan uh did this study and they realized out of the 13,000 plus millionaires that they interviewed right these are people who who don't make necessarily a million dollar a year that they are millionaires they have a million dollars their net worth is a million dollars prime example LeBron James oppra Ry they don't make a billion dollars a year personally right but their net worth is a billion their assets minus liabilities equals a billion dollar 90% of millionaires have no business debt did you know that're they're not starting a a a business borrowing a whole bunch of money did you know this 77% of millionaires don't even carry a credit card balance so they'll have a credit card but they never pay interest they paid off before the month before it's due but 98% of the average person cannot do that some of y'all watch my oh that's me I pay it off some of y'all are not you're not doing it it sounds good to say that but then you're going home and you're like no you're not doing it here's the truth no payment means more money in your pocket and less money inside of the bank's Pockets why are you putting money into whes and Fargo's families what Wells and Fargo are two different families you're putting money into their pocket why why are you so pressed why do you not have patience to wait to buy that cash why why you want it why do you want it now you don't need it now you want it now you don't need the new car you want the new car Anthony my AC went out go get it fixed for $1,000 rather than spending $40,000 on a freaking new car we got to have patience and we got to become debt free you know when I think about becoming debt free one of the one of the best ways to transfer wealth to set your family up to one become debt free or to avoid being debt free and continue passing that Legacy is life insurance I think it's like nearly 60% of African-Americans don't even have an insurance policy another 20% don't have enough of a policy so they have an insurance policy but they don't have enough and I want to thank my friends over at ethos for sponsoring in today's show and I really want y'all to hear me clearly we all need life insurance so check out this quick commercial recently I've completed my full estate plan and it's been an emotional Journey if I'm going to be honest with you but now I have a peace of mind knowing that my family and loved ones are well taken care of but here's something you may not know that I think you need to know according to a recent study nearly 60% of African-American adults have life insurance now wait a minute many of these policies may not provide sufficient coverage to fully protect their families in case of unexpected deaths this lack of adequate coverage is a pressing issue among the black community it can lead to financial difficulties and potentially hinder the building of generational wealth in today's time it's more important than ever for African-Americans to give priority to life insurance and estate planning you see by doing so you can ensure that that your loved ones are secure in the event of your passing this covers funeral and burial costs clears all deaths and mortgages and provides a financial cushion to help them continue Building Wealth long lasting wealth don't leave your family's financial future the chance I want you to secure life insurance today I want you to get a free life insurance quote through my friends at ethos all you got to do is go to Anthony oil.com Insurance again that is Anthony oil.com slife inssurance for your free quote or click the link in today's show notes protect your family's future and attain a peace of mind at right now and let's get back to Today's Show so go to Anthony oil.com lifeinsurance get a quote today hear me clearly man I wish Dre was in not Dre I wish Jay was in here I have him zoom in on my my my eyes y'all life insurance is the best way to pass down wealth if you I don't care where you are today Anthony I'm drowning in debt today I'm working your plan to get out cool great um Anthony I I I don't have a lot listen you need to make time and financial room to get a life insurance policy everyone on my team has life insurance policy y'all remember Michelle she's on our team here she's in she's 28 has a life insurance policy yall remember Jay he has a life insurance policy they don't have a whole lot but they have a policy why because they love their family they love their people and if life was to happen my team myself and hopefully you we want our families to only miss us we don't want our families to have to deal with the drama that we were not mature enough to handle which leads me to the number three thing that I saw that these billionaires have in common that I think we all need they have money on reserves AKA they have an emergency fund did y'all know that most Americans can't even afford to cover a $1,000 emergency fund CNBC did a study couple of years ago and it bothered me when that study came out that wait a minute I can afford an emergency like I wait and I really want you to be honest and I want to take my time right here I got about 12 more minutes on the show bear with me if you have a name brand purse and you don't have $1,000 in your emergency fund your priorities are screwed up if you have a Gucci belt that you paid three5 $800 for and you don't have $1,000 in your emergency F your priorities are screwed up if if if you are dropping $200 $300 on a date and you're scared to tell this woman no I can't afford to take you to this restaurant right now your priorities are screwed up ladies if you dropping 500 $800 $1,000 on your hair every single month you don't have $1,000 in your emergency fund your priorities are screwed oh I'm about to really get some of y'all I'm about to really get some of y'all if you are putting Jordans on your kit and you don't even have a life insurance policy for your kid your priorities are screwed the heck up if you got Jordans if you got um I'm starting to see a lot of these kids um with um um um what's that um What's That Brand I forgot this name brand um um it's like brown and dark brown and man I don't know I forgot the name of it but if you got name brand clothes on your baby on your 5y old son and you don't have $1,000 on your emergency fund you don't have an estate plan for your for your kid your priorities are screwed up because not having an emergency fund the the the the basics of Life can seriously set you back in your wealth building journey and check this out if you get set back as the parent if you get set back as a spouse so does your family and when you get set back what happens it sends you back into debt so if you're still getting out of debt you need to put some money into your savings account My Philosophy when it comes to your to your your your getting I call it getting St getting stable you should have one month of your net pay inside of your emergency fund period after you get out of debt you need to have 3 to 6 months of your average net pay saved because if you don't have 3 to six months of your net pay uh saved currently you're out of debt I want you to take that extra $100 the extra $500 that purse money I want you to cut your hair stuff in half Brothers I want you to stop buying shoes Brothers I want you to stop going on these expensive dates Brothers here and and and and family what I want you to do is look at your budget and start saving more money over time until you reach your 3 to six months of average net pay because billionaires have a reserve if life was to happen for their businesses for themselves they have a place where they can go back to for reserves to where that this way their life is not screwed up which leads me to to to number four they make strategic Investments for their future they're not buying things for their today solely they're investing into assets that can produce money to buy liabilities that they enjoy AKA they're investing into money generating um products and Investments that can then fund their toys it can then fund their fund but they're investing into their future because they understand the power of compound interest compound interest plus time compound interest plus plus patience turned LeBron James into a billionaire compound interest plus time turned Rihanna into a billionaire compound interest plus time turned Michael Jordan into a billionaire what am I saying compound interest plus patience and time can turn $100 into a million and instead of buying shoes and and items that we don't need per se I want you to put that money into a need account Anthony what are you talking about here what are you talking about AO I'm talking about I want you to put $100 into your need account what's the need account Anthony a need account is your retirement account because when you're 70 when you're 60 when you're 80 you're going to need that account to live so I want you to put money into a mutual fund a need account I want you to put money into an IRA a need account I want you to put money into a brokage account a need account because you're going to need it hear me you're going to need it here's an example here here's here here's here's here's an example H uh Alina and Aaron are the same age they they they are the same age see alen started investing at 21 years old cuz she was listening to AO she was listening to the table on Mondays and Fridays and she was calling in on Wednesday days to ask more questions she learned about the power of investing because she went to my website Anthony o'neal. and she looked at the wealth calculator and she said I don't want to be broke and living paycheck to paycheck like my parents so she invested $100 every month for 6 years which is worth about $116,000 and then all of a sudden life happened and she stopped contributing but then her brother was like yo I thought you was rocking with a she was like I did I just got sick something happened so I had to stop investing to get back on my my shoes to get back on my feet and so you know what Aaron you should rock with him Aaron started rocking with me but he didn't start investing until he was 30 he invested $100 every month for years and years and years but I got a question for you E3 who do you think had more money at the end of it do you think Elena did or do you think Aaron did here's the truth Elena did why because of the power of compound interest that works over time and patience I want you to think about your future now now right now because the average person needs about $200 to $300,000 just for medical bills when they get old and if you want to be a millionaire you must understand the power of patience and time so Anthony I hear you so so what do you recommend here I simply recommended you put 15% of your money into a need account AKA a retirement account and if some of you are saying Anthony um um how do I get a detailed plan for investing in a strategy I am going to put their information inside of the show notes I've partnered with the company has given me a plans called domain money um and you get a discount uh because we are partnering now and so I'm going to put that link inside of today's show notes and I want you to give them a call if you are serious about getting to that that 100,000 Aire millionaire and billionaire status um here soon you got to do it with a strategy you have to do it with this strategy so I want you to click domains um domain money's link inside the showel so you get a discount and I promise you they'll take real good care of you here's the last thing that I that I learned with all of them all of them invested into real estate all of them have a real estate portfolio the first step that all of us could State take to start a real estate portfolio is become a homeowner you see owning a home is a pillar of wealth building in America and most millionaires live in a paid for home right $100 probably isn't going to buy you an entire house today no but you can save it over time for your down payment you can choose a 15 to 30y year mortgage on a property that doesn't really take more than 20 5% of your net take-home pay each month and over time your home will appreciate inv value which could boost which will boost your net worth and then after you get into that home something that I am seeing that I'm I'm going start teaching more of is house hack go buy a home could you live on a stop top floor rent out the bottom floor if if your mortgage is $2,500 rent out the bottom floor for $1,500 and you're only spending $11,000 in rent I'm not even opposed anymore to buying a four bedroomroom house and maybe you live on the first floor for a year or two and you rent out the top rooms and you have all them paying your mortgage like there are ways that we can start making money there are ways we can house hack and rent out extra rooms for passive income especially if you're in your 20s in your 30s and since your first home probably isn't not going to be your forever home later you can rent out this home and get another set of passive income coming in very minimum from a monthly basis but your net worth is growing by the account of somebody else paying for the mortgage that's what it's about think about that you buy the home for $300,000 you live in it for a year you pay off $2 5,000 of that the next 10 years 15 years they're they pay it off now you bought it for 300,000 a home is worth 600,000 you owe nothing on it but you only spent $25,000 out of your pocket that means you are in the green with that investment for $500 something th000 this is about patience and time patience and time and let me add a bonus in here that that that I that I saw that that I saw right um they thought of other ways to invest their money and to make money LeBron James wealth is not coming from basketball it's coming from off the court to um um um um Tiger Wood's wealth is not coming from golf it's coming from off the golf course Oprah Winfrey's wealth didn't come from the Oprah Winfrey show is coming from other areas that she invested into like real estate like a network of her own once your your bases are covered I want you to think of a business opportunity that you can start or Investments you can invest into right you got companies out there like crowdfunding and Seed investment to where you don't actually have to start a business but you you could put a th000 5,000 10,000 however much you want into another company to help them start the company but now you're an investor part owner of the company and your wealth can come from that but you can you can start side businesses like being a content creator like being a freelancer getting into Drop Shipping uh getting into photography there's so many different things that you could do on the side that you're eight to five is your job but your wealth is coming from your 5 to9 and I want to end there today I hope y'all know that LeBron James while he is his own boss he has a boss he still has to clock in for the NBA he still has to go by rules but what did he do he used his quote unquote 925 his career to fund his 529 when you look at all these billionaires opra renrey still had a network she had to report to but she used that to build her name LeBron tiger Michael Jordan they they they use that to build their name that funds their dream and now Michael Jordan is living his life and he doesn't have to clock in Lebron is probably going to retire in the next year or two and he will not have to clock in Tiger is done I pray that this show blessed you today because because because what what what I'm learning is we really have to understand where we are and if we can learn from them what all they had in common and how can we apply it in on our level I'mma be frank with you the majority of us are not going to become billionaires but a lot of us can become millionaires but are we willing to listen and are we willing to learn if we listen if we learn and leave with love we'll build a legacy oo I just made up for L's if you listen and if you listen to actually learn and if you lead and if you love people it'll produce a legacy I'mma end the show right there God bless you E3 God bless you America I hope that you got something from this show I hope that you listened and I hope that you learned something because I want you to leave a legacy I see you in the next show peace out

Channel: The Table With AO

Views: 12,202

Keywords: side gigs from home, work from home, anthony oneal, anthony oneal debt free degree, anthony oneal student loans, budget, credit card debt, debt free, debt free journey, finance, how to make money, money, personal finance, the table with ao, wealth, how to become a millionaire, anthony oneal podcast, budgeting, oprah winfrey, lebron james, tyler perry, tiger woods, rihanna, black billionaires, black billionaires club, magic johnson, black wall street, how to become a billionaire

Id: HWegEONrHeQ

Length: 40min 24sec (2424 seconds)

Published: Mon Apr 29 2024