How to Scale to $10,000,000+ Net Worth

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• E.L.F. Beauty — Company · 1 mention

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0:00 How to scale to a $10 million plus net worth. That's what we're going to get into in this video here today. I'm going to lay out the full blueprint for you. I don't care if you're watching this and you have a $5,000 net worth right now, a $500,000 net worth, a $5 million net worth. I'm trying to lay out the blueprint so you can hopefully achieve this sort of net worth where you get to an 8 figure plus net worth. Now, the great news is I've done it. And I started from a whole lot of nothing. Back in 0809 when I started in this game, I was making $8.25 an hour. $8.75 an hour with a net worth of maybe a,000 bucks to my name. About a,000 bucks. And that was about 17 years ago now at this point in time. And in early 2024, I officially hit $10 million plus net worth. I didn't make a big video about it. I didn't even tell anybody to be honest. I kind of kept it on the DL, but I did hit it. and uh proud

0:52 accomplishment when you come from, you know, where I came from, which was a whole lot of nothing. Okay, today's video, this is what we call a gem dropper here on the channel. If you're an OG subscriber, you know what a gem dropper is. I'm not here to entertain you today. I'm here to just lay out a blueprint, teach you how this is done. So hopefully you can adopt some of these in your life and get to that sort of level over time. And that's what we're doing. There's one thing and there's one thing only I need from here today. And I need you to just please, please, just hit that thumbs up button. That's all I ask for this video here today. I've been prepping it for hours, thinking about it, recording it for you guys. Only thing I need from you is just smash that little like button, that little thumbs up button. Additionally, if you want to see more of my content in the future, make sure you're subscribed here to the

1:31 channel. We are now well over 900,000 subscribers here on the channel. I appreciate each and every one of you for being here. Number one, if you want to get to this sort of level, 8 figure plus net worth, you must know your why. Why are you doing it? You must have a reason. If you do not have a why or several wise, this is not ever going to be possible essentially, right? You must have wise. Every single person that achieved this sort of net worth, unless they won it through the lottery or something like that, every single person had a why. Why they were doing this, why they were trying to climb these sorts of ranks, cuz let's be honest, when we're talking 8 figure plus net worth, that's less than what, 1% of the population. So you're you're in a very uh exclusive club. Why are you trying to get there? Right. I'll tell you my why. I have three parts and I think be because I have three parts, it

2:25 kind of keeps me going and on this journey. Okay. Number one, I love giving back. I love giving back. One of my big wise that I started way back when I had a $1,000 net worth is I remember hearing about Warren Buffett and I was also studying a lot of Buffett back and this is like 2008, 2009. he had what's called like the giving pledge and his plan was to give away like 90 plus percent or if not 99% of his net worth when he died to uh charitable causes and and those sorts of things, right? I always looked at that as like that's amazing, man. Like you know, you can get to live a great lifestyle while you're here and then when you're on your way out be able to give back to a lot of people and help out a lot of people. I think that's an amazing thing, right? And so I love to give back personally. Like I'm the type of person that if it's Christmas, I get more joy out of giving presents than getting presents. So, and everybody's

3:15 different. Some people their biggest joy is like they can't wait to get the presents, right? Some of us, we get more joy literally out of giving the present and seeing that person say, "Oh my gosh, like this is amazing. Thank you so much for this." Like, so I love that. this year, uh, just this month alone, I've given five figures plus to different Las Vegas uh organizations charitable organizations and whatnot to help out because I live in Vegas, to help out the community and whatnot in several different ways. And I love that stuff, man. Like, it feels great. It feels great. And without achieving a lot of money, you you can't do those sorts of things, right? You might be able to donate your time, but as far as like coming in with, you know, sending $5,000 here, $10,000 here, like, you just can't do that, obviously, if you don't have money like that, right? So, I love giving back. That's a huge why for me.

3:59 It's bigger than just me, right? And I think sometimes if you think in terms of like beyond just yourself, it can matter significantly in actually getting yourself to a mental place to keep putting in this work to get here, right? Number two, I love beautiful things. I absolutely love beautiful things. And guess what? A lot of beautiful things in this world, you got to have money to get them, right? And I get so much joy right now. I'm building a new house right now that overlooks the city. Every detail of that house I'm thinking through the sideyard, the backyard, everything.

4:29 Everything. I love like doing a project. I get so much joy out of that. I love going to a nice resort that everything's been thought through in terms of the architecture and how they're laying things out and the service levels and the experience. I love that, man. I absolutely love it. I love great food. A lot of great food is very, very expensive in this world, right? Uh I love those sorts of experiences. So, that's another thing that kind of keeps me moving in this direction. And keep in mind, you know, where I grew up, it was, you know, let's just call it rough area, right? Um, and then getting out of there and kind of moving to the middle class, you kind of get to see like, oh, this is achievable. Like, this is achievable.

5:04 Like I see how my family, we were in poverty, then we cl climbed to the middle class, right? And you kind of get to see and get your eyes open a little bit about like, you can keep going in this game. Like, you can get past that middle class and and go above that, right? And you can achieve those sorts of things, whether it be certain types of vacations or certain types of cars you want to drive, certain types of watches you want to have, uh certain types of homes, all those sorts of things. It is achievable. Um you got to have the game plan to do it. You've got to grind and put in the effort to do it.

5:32 But you can absolutely do it. It's very, very possible. But I love beautiful things, man. I love beautiful things. Number three, scoreboard. So in high school, college, played a lot of sports. football, started running track, did that in college. What ends up happening with a lot of people that do sports is after sports are over, which they always come to an end. Even if you make it pro, you make it to the big leagues, it's still come to an end at some point in time, right? A lot of people lo lose that competitive drive.

6:03 They lose the scoreboard mentality, right? That competitiveness and those sorts of things, right? I had a viewpoint of like I like to run the numbers up because it's like a big scoreboard and it's fun to me. It's fun. is keeping that competitive nature. It's like, how good can I get, right? How much money can I get overtime? It's a big scoreboard and it's fun to me. And some people, they look at money as evil. They look at money as bad, right? Those people probably aren't watching this video, by the way, cuz this isn't their type of video. They have no interest in climbing a $10 million plus net worth, right? But those people of that mentality, I can I can never help those folks, right? They're in a whole different wavelength, right? But for the people that do not think money is evil, e evil, they think money is good. They think, you know, creating opportunities for people. They think, you know, it's a

6:45 great way of living versus instead of walking around hitting each other with spears to just get a piece of meat, right? We can make money and sell each other products and services. It's amazing thing. So, scoreboard's important. Keeping that competitiveness, right? Keep the juices flowing. I'm a male. I'm competitive. I love to feel that sort of drive of like, I'm going after something. I'm trying to achieve something. I have a goal here, right? Um, I love it. But the moral of the story is here, folks. Your wise might be different than my wise and that's perfectly fine. I will not judge you for your wise. If your wise are because you want to, you know, buy every expensive bottle of wine in the world, cool. Like that. Do you like, you know what I mean?

7:24 Like, do you whatever your why is. You want to come to my city, Vegas, where I live, and you would want to just have the craziest vacations all the time and gamble your butt off, you do you. I'm not going to judge you. That's your why. It's your life to live as not my life to live. as my life is not your life to live, right? But know your wise. If you do not have your wise, you can never like climb the ranks in this. And if you have several wise, now we're really talking. Now you're you're well on your way. Okay. Next up here, you got to figure out, are you going to do stocks?

7:55 Are you going to do real estate? Or are you going to do both? This is very important. Next key. Now for me personally, what I focused on for my first about 10 years in this game of investing and building wealth, I focused on stocks. Why? Real estate to me was difficult. I didn't know how to get into it. Stocks I understood very early on like, oh, okay, I'm buying ownership in a business. Um, I understood also like the compounding of your money and like the great opportunities you can get and those sorts of things. it was much easier for me to wrap my head around stocks be. And then over time, after probably about 10 years into the game and climbing the wealth ranks, that's when I f bought my first property. I bought my first property, then I bought my second property, I bought my third property.

8:40 Um, so now I have three properties. Two of them I rent out, one I live in. I'm building a new property right now. It's going to be magnificent. And then the current property I live in, I haven't decided yet if I'm going to rent it or sell it. Kind of leaning a little bit toward renting it. don't really like to sell real estate. I'd much rather keep it uh have it appreciate over 5, 10, 15 years, right? And then maybe sell it off down the road. So, that's what I that's how I play the game. That does not mean that's how you got to play the game.

9:07 Maybe you're going to go straight to real estate. Maybe you're going to go straight to stocks. Maybe you're going to do both from the go. Or maybe you're going to play it like I play it where you're going to focus on stocks early on. And then as you climb to bigger net worth with a portfolio, then you buy your first property, your second property, your third property, and you kind of play that game over the years and build up a rate real estate portfolio as well. Now, not a lot of people understand the big difference.

9:30 There's there's really two big differences between real estate investing and stock market investing. There's more than that, but I'm just going to run you through the biggest that is way overlooked, way overlooked in regards to understanding why real estate investing matters and why stock market investing matters. Okay, real estate. Listen, real estate allows you to leverage your money in a way that you cannot with the stock market. Now, here's the thing you got to understand. In the stock market, you can leverage money. You can go on margin. It's a horrible idea. It's a tragic idea. And more times than not, it's going to end horribly. Real estate almost never ends badly unless you get way overleveraged where you go too crazy and you got too many loans and they're at too high of interest rates and it's, you know, you just go insane with it. In the stock market, you don't even have to go insane with it. You can end up in a

10:22 lot of problems because when you leverage money in the stock market, the stock market's so volatile that all of a sudden if the market sentiment shifts and all a sudden people go very bearish, you can get margin called. Next thing you're getting liquidated. That does not happen in real estate unless you're way dramatically overleveraged and the whole housing market crashes or something like that, right? Which what that's happened what once in the last like you know 100 years essentially. As far as the stock market going down, literally the stock market will tank randomly pretty much every two to three years. You'll just get a massive downward cycle and you got to figure like two out of every 10 years you're going to go through a crash, right? Like it's just what happens. It what? Could be like a 25% crash in the market. Could be like a 50% crash in the market. You're on margin. You're leveraged. You're done. You're done.

11:06 You're done, man. It's over. It's game over, right? Real estate, you get to leverage your money. So, think about it like this. You're going to buy a $500,000 property, right? You put down, let's say you have to put down 20% on that. So, you put $100,000 down. Now, if it's your first property, you might be able to put 3% down or 5% or something like that, but we're just taking the 20% example. Okay? So, you put $100,000 down on a $500,000 house, right? Let's say over the next 4 years that house appreciates to $600,000. So you buy a house in 2026, $500,000 house, right?

11:35 And let's say 2030, fast forward to 2030, that house is now worth $600,000. Guess what? You just doubled your original investment because now you're sitting on equity of at least $200,000. You're going to be sitting on even more than that because you paid off part of the mortgage as well over that four years, but you're going to have doubled your original investment. So that's the thing you got to understand. In the stock market, you need a stock to double to double your money, right? If this guy put $100,000 into a stock and, you know, that stock went up to $600,000, now he's sitting on, you know, as far as a position size. Like, you need $500,000 to put into it to then appreciate the same percentage, right?

12:17 In real estate, it's just like you get that double there. It's beautiful. Like, you need a stock price to double to make that same amount of money. So, there's a whole different ballgame when you're talking about real estate. Now, where the stock market's beautiful is it allows you for unreal returns that you could never even dream of in real estate essentially, right? In real estate, you're not going to magically like your property you're going to buy. I don't care how rundown it is. I don't care in what hot city it is. You're not 10xing, 5xing, 20xing your money in, you know, a matter of a few years, right? In the stock market, you can do that. So stocks allow for unreal returns that you could never even dream of in real estate investing, right? So for instance, like I have three stocks that I've been invested in over the years, and those three stocks made me over 10x. One is Elf Beauty, that's a 10x plus. One is

13:09 Tesla, that was like a 20x type stock. Palanteer is like a 20x plus stock, right? And those are all just investments of mine since 2019. And you don't always need to run for a 10x. Look at Meta for instance. Meta is a 459% gain. We've made $846,000 on that stock. $846,000. And if you look at the PE ratios of it, the stock actually screams undervalued right now. So it's not like some sort of thing where it's like, oh my gosh, Meta Stock's a big bubble right now. That's the only reason you made $846,000. No, Meta Stock's significantly undervalued right now on a mathematical basis. So made 846,000 and like like we're still looking really really good.

13:49 this is going to eventually hit a million dollar plus gain, a $1.2 million gain, a $1.5 million gain, all without having to necessarily 10x is absolutely beautiful, right? And so, do keep that in mind, ladies and gentlemen. What are you going to do? Are you going to do stocks? Are you going to do real estate? Are you going to do both? I would usually like what's my advice here before we get in the next thing. What's my advice? My advice, get good at one and then start putting more effort into the other. Make sure you get good at one. Like I've seen most of the people I know in real life that have climbed to that 1% category in regards to net worth in those $10 million plus net worths, they usually focus on one first. So I know some people that focused on real estate first. They built up a real estate portfolio, five, 10 properties, and then they actually started going hard on the stock market. I know other

14:42 people that did the inverse. They focused on stock market, including myself, first and then they got more and more focused on real estate as they went along, right? But I would usually I would put in I would always try to study both, but put in more effort toward one first over the other. Maybe it's stocks, maybe it's real estate. Like I said, they both have advantages, disadvantages, right? We we're not going to get into depreciation. I don't want to get into like all the nitty-gritty stuff of real estate and stocks and capital gains, like, you know, that's not what this video is for. This is for big picture blueprint type stuff here today. But the moral of the story is focus on one more for the first 5 10 years then go more toward the other one over time. Okay, next up here. Okay, so you must understand, you probably heard this saying before, it takes money to make money.

15:29 Okay, income versus expenses is very very important, right? Your focus needs to be on income more than expenses. Expenses is a simple game. Live under your means. I don't care if you make $50,000 a year. I don't care if you make $100,000 a year, $200,000 a year, $200 million a year. You need to live under your means. It's just a simple way of spending. You know, you got more at the end of the month, you got the more at the end of the week, you got the end of more at end of two weeks than what you spent on all your expenses. And all your expenses is everything, right? That's taxes. That's your mortgage or rent.

16:07 That's your car bill if you got one. That's going out to eat. Groceries, health insurance, all that stuff. Okay, that is very, very important. But income is where your actual focus needs to be heavily. I see way too many times people are focusing on this and like, oh, you know what? I'm going to give up date night with my girlfriend or my wife because, you know, it costs money. And I'm like, dude, what do we what are we doing here? Like, no, no, no, no. You can't just stop living life. just, you know, focus more on this because I'm like there's so many talented people out there that could if they focus way more on this, they wouldn't have to stress about this as much. That's very, very important to understand. I'll put it to you like this. Okay? I put in I said, "What's the difference? Let's say you could invest $5,000 a year, right? And you got a 15% Kaggar on that money over 30 years versus let's say you were able

16:55 to invest $100,000 a year for the same amount of time, the same percentage of Kaggard. Do you know what the dollar difference is in what you'd have after 30 years? It's $41 million. $41 million. This is why, you know, trying to focus put all your attention on like, you know, am I going to save 20 cents at the grocery store buying this bread versus this bread? It's not the most valuable thing your your brain could be spending on. You got to understand your brain can do unbelievable things. Unbelievable things. You're actually very very intelligent. It's incredible.

17:33 If you focus that attention and time on making money activities, oh my gosh, you'd be so much better off. And I know so many people that are focused on the coupons and like I I'm never going to spend at Starbucks because of this. And I'm like, oh my gosh, if these people just understood like they have so much more income potential than they know what to do with and if they focus more attention on that rather than expense side. Like I used to live that life a long time ago of like focused on the expenses more in the income and it's brutal. It's brutal and it's a scarcity mentality type way of thinking, right?

18:06 Focus more on the income. That's when we're really going to be talking about running the numbers up. There's so much of a difference. You know, if you we could have ran this number of, you know, $5,000 versus $10,000 and you'd still be shocked at the difference in, you know, what you could have there. So getting your income up, it's way less stressful, way more fun, and it's very, very possible. Okay. Now, next up here, work with urgency. Do not get sloppy. I thought this was a perfect picture to kind of illustrate this. All these things kind of next to each other here.

18:35 Okay. Let me explain this. This picture was done for me in middle school. My art teacher in middle school uh basically drew this picture in two and a half minutes way back in 2003. That's how I used to dress back in the day. I'd have my hair up like a like a crown. I'd have a little fake uh silver necklace on, t-shirt, cargo pants, uh pair of shoes with, you know, no look socks. That was my that was my vibe back then, right? And might still be my vibe today. I don't know. But, you know, the moral of the story is here, she drew that picture in 2 and 1/2 minutes. At 1 and 1/2 minutes, 90 seconds in, I I looked I remember looking at that and being like, "This is not going to be anything like me." And then all of a sudden, after about 2 minutes and 10 seconds, it was like, "Oh my gosh, what the heck? How is she doing this?" I was like, it's starting to actually look like me. And by the time she was done, 2 and 1/2

19:21 minutes, she drew a picture of that. I'm like, dude, that that's me. Like, how did she do that? You got to work with urgency, but you don't want to get sloppy. And so, I thought it was perfect cuz a roulette wheels right here, right? And too many times people start getting impatient. They start getting sloppy. They start gambling their money around because they want to get to the next rung, next run. Whether that rung is 100,000 to 200,000, 200,000 to a half million, right? A half million to a million, a million to 2 million, right?

19:46 2 million to 5 million. they get a little impatient and they start getting sloppy and next thing you know they go backwards and the big thing you want to avoid is going too far backwards in this game. You go too far backwards, it sets you way behind the ball and then it makes it that much harder to climb to if we're talking $10 million plus. So work with urgency, but do not get sloppy. That's so vital. Okay, next up here. Listen, mistakes. If you're playing big money games, you're trying to climb the ranks, you're going to make mistakes. It's a guarantee.

20:24 You're going to make mistakes. It's the cost of doing business. It's no biggie. Don't stress about it. If you make mistakes constantly, we got a problem. But if you make mistakes from time to time, you buy a bad real estate investment property, you buy a bad stock, you lose money in it, you sell too early, whatever. Cost of doing business. I don't even stress over it. I've never stressed over it cuz I understand it's the cost of doing business. No one in the business game, investing game, has gotten through this game without mistakes. You could go down the billionaire list, go ask Elon Musk about all the mistakes he's made over the years. Go ask Jeff Bezos about all the mistakes he's made at at Amazon over the years, right? Go ask Warren Buffett about all the bad stocks he bought over the years, right? And it's perfectly fine. Just understand none of these people are perfect. They've all made

21:15 tons of mistakes. They could they could probably spend a full lunch with you or a full dinner with you just running through like you could have a whole like seven course meal and they could explain to you all the different mistakes they made over the years and how it cost them money or cost them opportunity and this and that. It's the cost of doing business. People sometimes like get embarrassed by this like oh my gosh if I buy a bad stock like oh you know what I've been on YouTube since 2016 I bought some bad stocks. Some didn't work out, right? Some worked out way better than I ever thought. And most did work out, but some didn't work out. Am I ashamed? Am I embarrassed? Absolutely not. It's the cost of doing business. You're Oh my gosh, you picked that bad stock.

21:55 Remember that one? How can you not be embarrassed of that? It's cost of doing business. Did you Did you forget the other 10 that did work out? Did you forget that one I you know made life-changing money on? And that one I made life-changing money on. That one I made life-changing money on. That one I made life-changing money on. Right. like and so cost of doing business. You're going to make mistakes. It's fine. Get up, dust your shoulders off, and let's go, baby. We don't have time to dwell on the past. It's It is what it is. It is what it is. If you if this is why I think everybody should play sports. If everybody played sports and tried to do it on a high level, they would understand the game of playing of mistakes. You know, when I played tackle football for five years, guess how many mistakes I made either on plays or in practice? A billion. Are you kidding me?

22:43 I made so many mistakes. Like cost of doing business. Cost of doing business. It's just what it is. And that's what life's also about. Like a big component of what life is about. It's about making those mistakes and dusting your shoulders off, picking yourself back up. Understand you made a mistake. putting that in the back of your head like it's way back there somewhere, right? Oh, yeah. I remember that happened. Moving on and making sure you don't keep making the same mistake again and again and again, right? It's life, man. That's life. And so, cost of doing business. No biggie. Don't stress about it. Don't freak out about it. Like, it is what it is, okay? You you know, if you're in this game for a long time, you're going to make mistakes. Like, there's no other way of playing. Imagine you're investing for 40 years in the stock market. You know how many stocks you're going to pick that

23:30 probably didn't work out or way underperformed or you should have put money in this other stock instead of this stock. This is this is fine. It's a cost of doing business. It's a cost of doing business. Next up here, okay, when you're choosing people to work with, choose top quality. Pay up. Pay up. Okay, by the way, if you want to follow me on X, I have an X page. Uh you can always look in the description area. I do have that down there if you want to follow me on there. Pay up for top quality people. Okay. So, for instance, if I'm looking for, you know, let's say I'm looking for somebody to do my taxes, I want somebody that has maybe worked for the IRS before, maybe they have a lot of respect at the IRS, like maybe they have a lot of connections. I want somebody that's top quality. I want somebody that has a lot of respect, right? If I'm looking for a lawyer, right, depends on what I'm looking for.

24:16 Let's say I'm looking for something securities related, right? I might go for top quality lawyer that maybe used to work for the SEC or work for other big regulators and has connections to everybody, right? Like I'm going to think in those sorts of terms. I want top quality. I want somebody that knows inside and out everything, right? Like that's that when we're talking about top quality. If I'm thinking about like I want to hire developers to work on a project for me, right? For something website related or in software or something, right? I'm gonna be looking for people that have great experience, have done great things over time, and have proven themselves, right? I've gone the route of trying to go the cheap way out, trying to bet on people that weren't proven.

25:00 It doesn't go well, ladies and gentlemen. It doesn't go well. I did that several times on my climb. We talked about mistakes. I made plenty of mistakes over the past 17 years. And one of them was trying to think about like, I'm going to bet on somebody that hasn't proven themselves. It usually ends bad. It usually ends bad. Pay up. Pay the big bucks for people that are top quality and oh my gosh, it it's going to be the best investments you ever make, man. Pay up for top quality. Way better than trying to go cheap. Uhuh. No. No. Next up here, you must understand you've got to stay in abundance mentality. There's scarcity mentality and there's abundance mentality. And this is actually on a spectrum. Okay? So, think of it like this. You've got uh scarcity mentality over here. You have abundance mentality over here. Okay? Some people are so far in abundance mentality almost gets unhealthy because they just are such

25:56 like risktakers cuz they just think everything's going to the moon and like you don't want to be quite all the way to this extreme. On the flip side, you got scarcity mentality. Some people are so scarcity mentality they can't spend any money doing anything. They're like, you know, are always going to live in poverty. They're never going to be able to spend anything. and like you know from the time they're an adult to the time they pass away like they can't ever do anything right you don't want to be there that's a brutal place to live right and but it's a whole spectrum so people that are closer to abundance you have people that are closer to scarcity you want to be closer to this side over here the abundance side okay that is where it's at you've got to have a positive outlook on life extremely important you got to understand there's no there's no limit to the amount of money in this world there never will the

26:39 amount of wealth in the world is constantly climbing the amount Amount of dollars, euros, everything in this world is constantly climbing. The amount of debt in this world is always climbing. The amount of net worth in this world is always climbing. It's always going up. Right? The best companies in the world, where their revenues go, despite whatever's going on in the world, up up. Have abundance. There's abundance in this world. There's no shortage of money. There's absolutely no shortage of money. The more you get around money, the more you start to realize, oh yeah, like there's no shortage of money. like there's so many people out here with so much money that I could sell products and services to, that I could do this, that I could do that. There's no shortage of money, right? And so, and I think that's why a lot of the richest cities stay the richest cities and so many people have incredible success in

27:25 those cities because they're around that sort of abundance. if you, you know, let's say you're in Silicon Valley. I mean, I just think it's a lot easier to, you know, be successful in tech and maybe become a millionaire, multi-millionaire billionaire somewhere like that because guess what? You're around so much abundance. There's so many people doing it on a high level that just raised money for their company at $150 million valuation. You're like, "Oh, dang." Like, that was nothing 18 months ago and now they're at $150 million valuation. Right? You think differently. You start growing that abundance mentality. If you're in poverty, right, let's say you're in a small town, it's a a very povertyridden area and no one has money that you know, no one around, you never go to areas that you see abundance, you see, you know, just nothing but scarcity, like that's that's not a good place to be. I'm sure if I stayed in the hood

28:16 where I grew up in my early years before we moved to a middle class area when I was, you know, getting ready to go into middle school, I'm sure I would have probably had scarcity mentality forever. There's a good probability of that, right? It's natural. It's very, very natural. But since we then climbed out, my dad had his pool business. I would help him all summer, every summer when I get out of school, right? As a little since I was a little kid all the way throughout the years, we moved to the middle class. I got to see like, oh, like we stepped up a level. All a sudden now people can afford to buy a new Tahoe, right? All a sudden people can afford an Escalade. Like that still wasn't like, oh, people are driving Lamborghinis and Rolls-Royces and stuff like that. But it was like, oh, you know, oh, that guy just bought a new F-150. Like, oh, that person just, you know, put $10,000 into fixing up their

29:00 their front yard. Oh, that person just spent $50,000 putting a pool in their backyard. You know, you start to like, okay, like we're we're growing. You start to go into that more abundance mentality, right? And then as you see more success, it's easier and easier to get over to there and just, you know, you just got to keep climbing and climbing, climbing and keep get taking your mentality to a place where you're in that abundance and then stay in that abundance. There's always going to be so much fear-mongering out there. So much negativity. Listen, man. I don't care what's going on. You know how many rich people are still rich? A lot. You know, and in my city, I live in Las Vegas, as I probably previously mentioned, right?

29:36 Win and encore here. high-end properties that really cater to that top 10% of wealthy, top 10% of income earners and especially the top 1%. Like doesn't matter what's going on in the world, their cleanliness of their property is always going to be top tier. Their service levels are always top tier. They're not stressed about, you know, does our customer have money or not. They always have money. They might have less money, but they still got so much money, right? A $50 million customer that has their net worth go down to 35 million is still worth $35 million.

30:07 So the moral of the story is folks stay in abundance mentality. Very very healthy. Okay. Next up here, you got to keep putting in the work. Right? When other people are sleeping, I'm two conference calls deep. Two conference calls deep. You must understand you got to keep working and working and working. There's no uh like magical cheat code where you don't have to put in the work. Whatever you want to be good at, you got to put in a lot of work, right? Like I don't know what else to tell you. You want to do the stock market? Okay, we can do the stock market. You got to learn all the stuff you need to learn about financial statements, about running valuations, about P ratios, about how different companies are valued, all that good stuff, okay? And then you got to actually put in the work. You got to listen to conference calls. You got to research companies.

30:47 You got to spend hours researching companies that you're probably never going to buy. That's the cost of doing business. There's no cheat code to say, "Oh, you want you want to be worth $12 million? Oh, that's easy. Just No, it's not how this works. You better put in the work." I don't know one person that climbed to 8 figure plus net worth or even seven figure plus net worth that didn't work extremely hard. Doesn't exist. Doesn't exist. You've got to put in the work. Keep working. Keep working. Keep working. Right? That's extremely extremely important. Next thing you must understand, all things are possible.

31:27 Okay? If you look at the richest people in the world, what are you going to find? You're going to find they're all different individuals, all from different backgrounds, all from different childhoods, all in different companies doing different things, right? Different like all things are possible in this world, right? If some guy can climb to a $342 billion net worth and some guy can climb to a $216 billion net worth and 215 billion, you can climb to $10 million net worth. You can absolutely do it. Like, this isn't a video on how to become the richest person in the world and become Elon Musk, right? how to how to scale to a $342 billion net worth. This is how to scale to a $10 million net worth. We're not even talking these sorts of levels, right? So, just understand if these guys are accomplishing this, you can get there. You can absolutely get to a $10 million plus net worth. It is very, very

32:13 possible. Do not limit yourself. Do not have limiting beliefs. No, no, no. It's very, very, very possible. Okay? All righty, folks. I hope you really enjoyed this video. I hope you loved it. I hope you got some good value out of it. Take these steps, implement them in your own life, and watch yourself grow and grow and grow over the next 5, 10, 15, 20 years. It's going to be amazing. Okay, if you are looking to take your investing game up to a much higher level than where you're at, the pinned comment down there, click on that, apply to join my private stock group. That is access to all of my premium courses. Become master of stock market, millionaire playbook, stock options mastery, dividend investing mastery, financial statements mastery, my valuation mastery to learn how to properly value companies. Access to our exclusive Discord chat with so many successful people, the type of people you really

32:55 want to be around. You know, sixig, seven figure, 8 figureure investors, right? Access to,000xdocs.com. You get your Steel membership cards sent to your house when you join us in there, which are absolutely beautiful. And uh all that good stuff. Play this game on a high level. Okay. All right, guys. Much love and have a great

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