this guy died making Ritchie’s innocence
we did bye-bye Paula welcome is access I
think it’s easy if we sit here discuss
it a minute to think about $100 hundred
dollars with a lot of money but a
hundred dollars invested every month
every month from age 25 to age 65
averaging 12% in a good growth stock
mutual fund Roth IRA is 1 million one
hundred and seventy six thousand dollars
[Music]
so if you’re listening to this show
and you are under 40 years old and you
don’t retire with a million dollars
that’s no one’s fault but yours it’s
your fault in this country if you retire
bro
it’s your fault
because you made a freaking fortune in
your working lifetime you work your butt
off your whole life and you have nothing
to show for it
nothing it’s ridiculous it’s absolutely
ridiculous America it is way past time
for a renaissance in the art of personal
finance it is way past time for you to
get your freakin act together for every
one of you listening to not retire a
millionaire is absurd it’s absurd
average household income in America
today’s $50,000 if you say 15% of that
that’s seventy five hundred dollars a
[Music]
year
if you do that in the decent in your
401k with no match into Roth IRAs and
the good growth stock mutual funds you
would retire with around seven and a
half million dollars if you say fifteen
percent of your income I agree with your
set of assumptions we’ll shut up unless
you do something about it because my set
of assumptions have made me rich so why
don’t you use my set of assumptions that
are your set of assumptions because
you’re sitting on your assumption doing
nothing
time for you get up off your assumption
and go save some money way past time
don’t you think so maybe I’m wrong
seven and a half million let’s say I’m
half wrong so you end up with three
million bucks shut up
[Music]
if you bothered to care about your
career you’d be at work ten minutes
early stay 10 minutes late actually work
while you at work and get off the
freakin Facebook I don’t know how you
people get anything done between your
Twitter account your Facebook account
try working while you’re at work you’ll
stand out because nobody else does try
working telling the truth and smiling
while you’re at work you’ll get a
promotion of the month how you stand out
from the herd tell the truth smile and
work while you’re at work
wow what a culture we live in that it’s
that easy to be a big dog you do that
for 15 years you can change your whole
family tree you do it for 15 days people
start noticing it you do it for 15 weeks
you’ll be running the whole place are
you know what I’m talking about if you
take that piece of information I can
drop you in the middle of any city lets
you get any menial job at any little
stupid thing you do and pretty soon
you’ll be running the place or owning
the place just because you’re
intentional you do become what you think
about father
father to care tell your money what
today don’t be sitting down and looking
at your tax return and going we may be
those motors if somebody kill me
weird with when you lost it because you
pissed it away you have no idea what
you’re doing
you lost as a fall and tall weeds you
watch 38 hours of television every week
you know exactly who got thrown off the
island but you don’t know what happened
to your $85,000
how’s that for stupid and stupid America
it’s stupid and then sit around and
whine and act like a victim and act like
somebody did something to you nobody did
anything to you
roll up your sleeves and be a grown-up
adults devise a plan and follow it
children do what feels good if you will
bother you can have a fabulous marriage
you can have great kids you can have
money and a career
[Music]
which should be the hero we want you to
take life by the horns grab it and shake
it and make life behave is it going to
be perfect no are you going to run into
problems yes are you going to be
oppressed by fools and people that don’t
agree with you that discriminate against
you yes
count on it eighty-eight percent of
America’s millionaires are still first
generation rich and only 1% of them are
actors athletes and rockstars most of
them are small business owners they’re
in sales something like that just poke
they just decide to live different than
normal people who spend everything they
make and act like they’re in Congress it
made a decision to live differently now
you can choose a victim mentality due to
your liberal politics due to your shame
about your position you can choose a
victim mentality but I can 100%
guarantee that you will not win choosing
that mentality I want you to choose the
hero I want you to choose in in spite of
the obstacles in spite of the people
that put you down in spite of the people
that tell you it can’t be done in spite
of your sixth grade teacher or your mean
mother-in-law in spite of whoever it is
go do it anyway
go win anyway
[Music]
I was foreclosed on
I was sued
I was sued so many times a little guy
bringing the lawsuit papers were like on
a first-name basis with the old boy I
mean I was sued and sudent I didn’t just
go down I went down in flames I went
down so the fire was so big it made the
newspaper boy wonder child
twenty-something millionaire goes broke
he talked about being shamed and then
ashamed being humiliated and then being
humble never been there maybe you didn’t
have to go down that big maybe you
weren’t as stupid as I was you’ve done
some stupid stuff to the question this
shows about is what do you do
with the mess you made what’s the next
chapter in your book are you going to
keep doing the same thing over and over
again expect a different result you’re
going to keep eating like you’re eating
and expecting your waistline to change
you can keep spending like you’re
spending not communicating with your
spouse leasing cars using a stupid
credit card buying whole life policies
and time shows and then scratching your
head wondering why in the richest
country in the world you’re still
freaking bro are you going to keep doing
the same thing over and over again
expecting different result
the 12-stepper say that’s the definition
of insanity you keep doing what you’ve
been doing you’re going to keep getting
what you’ve been getting you plant corn
don’t be shocked corn grows
[Music]
but we live our lives this way and you
walk around acting like everything’s
okay
carrying that purse wearing those shoes
driving that car going on that vacation
and you’re just plain stupid and inside
you know it
the thing is I’m trying to tell you
you’re not different than anybody else
most people are stupid when it comes to
money that’s what most people are broke
they look good they’re driving nice
stuff that they can’t afford they’re
going on vacations they can’t afford
we’re living in a place that can’t
afford they eat out every freaking night
like they don’t have a stove at least
learn to use a dad-blame microwave I
mean seriously when are you gonna change
you work your whole life for what an
illusion a facade why don’t you work
your life right become wealthy you make
enough money to become wealthy but you
got to take stupid out of the equation
and you got to take taken it out of the
equation
you
we did bye-bye Paula welcome is access I
think it’s easy if we sit here discuss
it a minute to think about $100 hundred
dollars with a lot of money but a
hundred dollars invested every month
every month from age 25 to age 65
averaging 12% in a good growth stock
mutual fund Roth IRA is 1 million one
hundred and seventy six thousand dollars
[Music]
so if you’re listening to this show
and you are under 40 years old and you
don’t retire with a million dollars
that’s no one’s fault but yours it’s
your fault in this country if you retire
bro
it’s your fault
because you made a freaking fortune in
your working lifetime you work your butt
off your whole life and you have nothing
to show for it
nothing it’s ridiculous it’s absolutely
ridiculous America it is way past time
for a renaissance in the art of personal
finance it is way past time for you to
get your freakin act together for every
one of you listening to not retire a
millionaire is absurd it’s absurd
average household income in America
today’s $50,000 if you say 15% of that
that’s seventy five hundred dollars a
[Music]
year
if you do that in the decent in your
401k with no match into Roth IRAs and
the good growth stock mutual funds you
would retire with around seven and a
half million dollars if you say fifteen
percent of your income I agree with your
set of assumptions we’ll shut up unless
you do something about it because my set
of assumptions have made me rich so why
don’t you use my set of assumptions that
are your set of assumptions because
you’re sitting on your assumption doing
nothing
time for you get up off your assumption
and go save some money way past time
don’t you think so maybe I’m wrong
seven and a half million let’s say I’m
half wrong so you end up with three
million bucks shut up
[Music]
if you bothered to care about your
career you’d be at work ten minutes
early stay 10 minutes late actually work
while you at work and get off the
freakin Facebook I don’t know how you
people get anything done between your
Twitter account your Facebook account
try working while you’re at work you’ll
stand out because nobody else does try
working telling the truth and smiling
while you’re at work you’ll get a
promotion of the month how you stand out
from the herd tell the truth smile and
work while you’re at work
wow what a culture we live in that it’s
that easy to be a big dog you do that
for 15 years you can change your whole
family tree you do it for 15 days people
start noticing it you do it for 15 weeks
you’ll be running the whole place are
you know what I’m talking about if you
take that piece of information I can
drop you in the middle of any city lets
you get any menial job at any little
stupid thing you do and pretty soon
you’ll be running the place or owning
the place just because you’re
intentional you do become what you think
about father
father to care tell your money what
today don’t be sitting down and looking
at your tax return and going we may be
those motors if somebody kill me
weird with when you lost it because you
pissed it away you have no idea what
you’re doing
you lost as a fall and tall weeds you
watch 38 hours of television every week
you know exactly who got thrown off the
island but you don’t know what happened
to your $85,000
how’s that for stupid and stupid America
it’s stupid and then sit around and
whine and act like a victim and act like
somebody did something to you nobody did
anything to you
roll up your sleeves and be a grown-up
adults devise a plan and follow it
children do what feels good if you will
bother you can have a fabulous marriage
you can have great kids you can have
money and a career
[Music]
which should be the hero we want you to
take life by the horns grab it and shake
it and make life behave is it going to
be perfect no are you going to run into
problems yes are you going to be
oppressed by fools and people that don’t
agree with you that discriminate against
you yes
count on it eighty-eight percent of
America’s millionaires are still first
generation rich and only 1% of them are
actors athletes and rockstars most of
them are small business owners they’re
in sales something like that just poke
they just decide to live different than
normal people who spend everything they
make and act like they’re in Congress it
made a decision to live differently now
you can choose a victim mentality due to
your liberal politics due to your shame
about your position you can choose a
victim mentality but I can 100%
guarantee that you will not win choosing
that mentality I want you to choose the
hero I want you to choose in in spite of
the obstacles in spite of the people
that put you down in spite of the people
that tell you it can’t be done in spite
of your sixth grade teacher or your mean
mother-in-law in spite of whoever it is
go do it anyway
go win anyway
[Music]
I was foreclosed on
I was sued
I was sued so many times a little guy
bringing the lawsuit papers were like on
a first-name basis with the old boy I
mean I was sued and sudent I didn’t just
go down I went down in flames I went
down so the fire was so big it made the
newspaper boy wonder child
twenty-something millionaire goes broke
he talked about being shamed and then
ashamed being humiliated and then being
humble never been there maybe you didn’t
have to go down that big maybe you
weren’t as stupid as I was you’ve done
some stupid stuff to the question this
shows about is what do you do
with the mess you made what’s the next
chapter in your book are you going to
keep doing the same thing over and over
again expect a different result you’re
going to keep eating like you’re eating
and expecting your waistline to change
you can keep spending like you’re
spending not communicating with your
spouse leasing cars using a stupid
credit card buying whole life policies
and time shows and then scratching your
head wondering why in the richest
country in the world you’re still
freaking bro are you going to keep doing
the same thing over and over again
expecting different result
the 12-stepper say that’s the definition
of insanity you keep doing what you’ve
been doing you’re going to keep getting
what you’ve been getting you plant corn
don’t be shocked corn grows
[Music]
but we live our lives this way and you
walk around acting like everything’s
okay
carrying that purse wearing those shoes
driving that car going on that vacation
and you’re just plain stupid and inside
you know it
the thing is I’m trying to tell you
you’re not different than anybody else
most people are stupid when it comes to
money that’s what most people are broke
they look good they’re driving nice
stuff that they can’t afford they’re
going on vacations they can’t afford
we’re living in a place that can’t
afford they eat out every freaking night
like they don’t have a stove at least
learn to use a dad-blame microwave I
mean seriously when are you gonna change
you work your whole life for what an
illusion a facade why don’t you work
your life right become wealthy you make
enough money to become wealthy but you
got to take stupid out of the equation
and you got to take taken it out of the
equation
you
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