This is it, Raising Royalty Part 2 and in this video I'm going to talk about you and
your kids greatest asset especially for investing and it's not cash so we're
going to get into that which is going to be powerful it's going to be a really
good session and gave you guys some homework last night as well so the
homework that you had last night was answering this question what do you want
good to see you guys and once again it's fantastic to have everyone on board this
adventure this Raising Royalty training really really delighted to be sharing
this journey with you and a stunning day where I am everything's looking good
and beautiful just very very nice staying at my parents-in-law at the
moment so what we're going to be doing in this session is one I'm going to
touch base with you on your homework see how you went on your homework from part
one and then we're going to be talking about your greatest asset and your kids
greatest asset which is a non-cash asset so I'm really excited to be talking
about that and then we're also going to jump on board and touch base on some
ancient Jewish financial principles which is what sets them up to be
disproportionately successful in the area of finances and investments so why
don't you say disproportionately successful if you like the idea of being
disproportionately successful then this video is for you if you like the idea of
not throwing away your kids greatest financial asset if you like the idea of
not throwing away their greatest opportunity for financial freedom before
they leave school then this video is for you okay so we're going to jump into
that but homework last night I was just wonderful that last video with with Z so
so honored to have her in my life what a wonderful lady she is an absolute
legend and a great friend but what we talked about last night is what do you
actually want and we talked about Ephesians 3 20 that God has for you this
dream this in his heart there's a dream that you would do above and beyond all
that you could either ask dream or hope to imagine now how wild is that that's
extreme extravagant just wild wild stuff so but to actually step into that you
have to start defining it you just start writing it down start getting
really really clear on what it is that you really want and so that was part of
your homework so how did you do on defining and answering that question
what do you want and then the next question is living in that life
actually living that life living out that life of your wildest dreams what is
that worth to you what value would you put on that you know students literally
spend hundreds of thousands of dollars on the education because they put that
level of value on the education because they believe that education is going to
get them what they want which is generally a job and they're hoping that
job is going to pay them an income and that income is going to produce a
lifestyle that's going to have them live in their dreams so they put a value of
hundreds of thousands of dollars often on their education so for you for you in
your life in your journey what value have you put on the fruition of your
dreams on actually living out the fulfillment of your dreams that's the
question that was hot last week's last night's homework so how did you go on
that would love to encourage you just to really focus in on answering those
questions well I believe that question what do you want is one of the possibly
the second most powerful question that you could ever ask yourself and you
could ever answer if you did a great job on answering that question well you
you're really setting yourself up for success so let's talk about your kids
greatest asset right now now if if you don't understand this if you don't
understand that this is your kids greatest financial asset then you're in
danger of being like most people who aren't in royalty or aren't in upper class
they actually throw away their kids greatest financial asset now that asset
it's not cash it's not a mindset it's not a system it's actually time time
your kid you know from the time you're born to the time you're you know 18 or
20 you really don't require you really don't require a whole lot of money in
especially if you're living in your parents house. Now if you're in different
kind of circumstances then you won't but if you're a parent watching this then
you're most likely quite happy to have your kids in your home for 18 to
20 years. So listen you know that's 18 to 20 years where a financial investment
could be developing for them. If you've got, if you're investing and you've got a
lot of money then you can make a great return in a short space of time but if
you're investing and you only have a little bit of money then the only way
you can get a, generally the best way to get a really good return off your little
bit of money is to utilize time. So what I want to say is that your kids time
asset is absolutely priceless because if you steward your kids time asset you can
invest a really really small amount and I'm not, you could set up a financial
system for your kids right now using a small amount of money that over time can
build and accrue and create a residual income for them that actually creates
financial independence before they leave school. Now this is the thing you know
you take, if you use time and you use that time to invest in a system that is
going to produce finance while you sleep like royalty does right. So this is one
of the things we talked about with royalty is that they have these, this
mindset that they're not, they don't, they never put the idea in their kids mind
like okay go and study for a long time so that you can go into debt and then
you can get a job and then you can make money. They don't do that. They put the
idea in their kids head that you can make, you can invest, we can invest for
you into a financial system that makes money while you sleep so that you have
got all the resources that you need that enables you to use your time to actually
live out your dreams and your calling and for royalty that enables them to, they
don't have to spend all their time working at a job to get money. They've
created systems that produce money that allows them to rule over their country
and for you and I that's what we're called for. We're called to rule and reign. We're called to be
doing phenomenal creative things and actually disciple nations but if we're
running around all the time trying to raise money we won't be able to fulfill
our calling to actually step into that place because we'd be too busy trying to get money.
But if you're making money while you sleep then you've got all the time, all
the energy at your disposal to invest yourself in your passions and your
dreams and fulfill the Ephesians 2.20 calling on your life. Which is exciting right?
So that's it. Now how can you, if you realize the value, if you realize the
value of the time asset that your kids had you wouldn't throw it away. If you
realize the actual value of your kids time asset, that 18 to 20 years from the
time they're born to the time that they really going to start launching out. If
you realize that the value of that, let me ask you this question, if you realize
that the value of that time asset was it was literally priceless worth millions
of dollars, would you throw it away? I ask you that because I do not believe that
the majority, the average parent has realized the value of the time asset
that their children have. It's a non-cash asset so it's easy to overlook it and
realize that they don't have much going for them but that time asset is
absolutely priceless. Now if you, people you know you talk to people and they say
when's the best time to invest? Oh 20 years ago they would say and but the
second time to invest, the second best time to invest is right now and I want
to say that for you that if you haven't invested 20 years ago then the very
very very best time to invest is immediately right now. So question is
have you got something going for your kids? We're going to transition now and
talk about the Jewish financial principles that make them
disproportionately successful in the area of finances. Now if you look all
around the world you know like so the Jewish people consistently, it doesn't
matter what context you put Jewish people in, they seem to thrive financially.
It doesn't matter you know if they're being persecuted, doesn't matter if
they're living in a ghetto, it doesn't matter if they're you know being
oppressed by people, they somehow seem to rise up and above financially. They just
seem to thrive financially. Now is it because they're blessed? Well they're
blessed and they've got favor but here's one of the things about royalty is
royalty doesn't rely solely on favor and you as an individual you don't want to
rely solely, when it comes to finances and actually living your dreams, you
don't want to rely solely on the favor of God. Now I love the favor of God, I
lean into the favor of God, I want more of the favor of God on my life but
there's something that will actually even take the favor of God on your life
to another level and that thing that will take the favor of God on your life
to another level and actually give you something else that can exponentially
multiply the favor of God.
of God on your life, is actually wisdom. Now wisdom produces witty inventions. Wisdom produces
freedom. Wisdom has the ability, the capacity, if you embrace and encounter wisdom in your life,
and you implement wisdom in your life, wisdom will always give you a system that enables you
to thrive. Wisdom will always give you a way, a strategy, a system. Wisdom will give you a
mindset, and that mindset will produce a system, and that system will produce freedom. And that
system will actually multiply the favor on your life. And so for the Jewish people, they've got
this system that makes them disproportionately successful in the area of finances. It actually
multiplies the favor of God on their life. It multiplies the opportunities. It multiplies
their freedom. So let me tell you about it. It's called the five jar principle. We do this with
our kids, and I love teaching this five jar principle. And some of you, if you've checked
with us, may have heard me talk about this before. But the five jar principle is about
investing, like dividing your money up. Now before I jump into that, let me ask you,
could you live off 50% of your income? Let me ask you this, would you like to hear a story? I'm
going to tell you anyway, but would you like to hear the secret behind the story of the kid
when he finished high school who went out and bought his own house with cash? Not his parents
money, his own money that he raised while he was at school, because he embraced this concept of
creating a system, a financial system, and he also embraced the five jar principles, the five jar
system. So New Zealanders live on average off 113% of our weekly income. Now 113% of our weekly
income, living off that is going to set us up for a massive amount of failure in our lives.
You do the math. We're going backwards. The average person in New Zealand, the average person
in the West, their financial system takes them backwards because they live off 113%. You can
never get ahead. So the five jar system is you tithe 10%, you put 10% in the offering, which in
that offering you're just giving it away to people. So 10% goes into tithes, 10% goes into offering,
we're just blessing people. Our kids love doing that. They love just going and a portion of their
money, they actually just, they get to go and buy presents for people, they bless people,
they do cool things with it. Then 10% of your money goes into savings. And at 20%, this is the
ancient Jewish principle that's got biblical foundations. And I was talking to my friend,
she's a rabbi, she's a Jewish rabbi, and she's all about it. They derive this financial principles
from their understanding of the Bible. And so 10% goes to tithe, 10% goes to offering, 10% goes to
savings, and 20% of their income goes into investments. 20% goes into investments, and then
they live off 50%. Now, when I first heard about that, I was like, oh my gosh, I can't do that.
And the reason that I couldn't do it, and the reason that most people right now couldn't just
live off 50% is because we didn't start when we're kids. Now you've got to start the system
for it to have its maximum impact on your life. You've got to start the five jar system when
you're a kid. Because if you start it when you're a kid, what will happen is you actually start
building financial momentum in your life. So you're tithing, you're offering. So that's establishing
phenomenal mindsets, even just the mindset of generosity. It's giving you that mindset of
generosity, which is amazing. Generosity is going to hugely bless you. Generosity actually,
it blesses your brain, it blesses so much of you. So generosity, and then, you know, so 10% to tithe,
10% to offering, 10% to savings. This is establishing phenomenal financial principles
and disciplines in the life of your kid that's going to keep building them up towards having
financial freedom and financial momentum on their life. And here's the cool thing, right? 20%
gets put into investments. 20% gets put into investments, and then they live off 50%. Now,
if you factor in as well the value of your kid's time asset, if your kid is doing this
from the time they're like zero, if they're getting birthday money, boom, tithes, offerings,
savings, investments, and spend. All right? So if you're, if we do this with our two-year-old,
we do this with all of our kids. We sit down, we take their money, we divide it,
we put it into each of their jars, and they go and give some money to church. They go and bless
people. They go and, they are investing with us. I'm going to, as we go on, I'm going to show you
financial investment systems that we've got for our kids. They're investing, they're working in
business with us. I've got them in the family business. And you want to have your own type
of family business.
Something that creates money while you're sleeping for your kids, something that they can do on the side.
In fact, our next video is going to be how you can make 10k a month on the side.
A bunch of different ways that you can make 10k a month on the side as a side hustle through a range of different things.
And I want to talk to you about systems that make money while you sleep,
because there's a whole bunch of dumb systems that will waste your time and money.
But, now let's think about this.
When I first heard about this 5 dollar system, I could not immediately switch.
All right, it takes time. It takes time because the value of your time asset,
if you start this when you're a little kid,
then your 50% that you're supposed to be living off and spending is actually really, really big.
You can actually afford to live off 50%, whereas New Zealanders barely afford to live off 113% of their weekly income.
And that's because that's the only income stream that they have.
But for the Jewish people, they don't just have that one income stream that might be coming from their job,
and they might not even have a job, but they've been investing since they were little kids,
and 20% of all their income gets invested to create other, like multiple sources of income.
So, you've got multiple income streams coming in,
which means every week your percentage of what you're actually getting in is increasing.
So, that's the dynamic for us.
And I'm loving, loving, loving the mindsets that it's giving to our kids.
Our kids now talk.
Someone asked, yeah, like a kid of any age can have a bank account.
So, you can open up a bank account at any age.
All of our kids have bank accounts.
All of our kids are a part of the family business.
All of our kids are investing.
All of our kids are saving, they're tithing, they're offering, and they're all spending.
They just got to go away with their grandparents, and they took their own money and bought their own stuff,
and they were absolutely wrapped.
Now, just to wrap up for today, I want to ask you a question.
Last question I want to ask you is how are you doing it for yourself in terms of percentages.
What percentage of your income are you tithing?
What percentage of your income do you just give away through off-springs just to bless people?
What percentage of your income are you saving?
What percentage of your income are you investing, all right?
What percentage of your income are you investing?
And then what percentage of your income do you live off?
How much of your income does it take you to live off?
And I'll give you a life hack for something that helped us transition, all right?
If you're caught in that mode of living off 113% of your income,
if you're caught in that mode where the whole idea of being able to like
give away 20% of your income through tithes and offerings,
or the concept of saving 10%, or the concept of investing 20%,
if that's like, that's just not possible,
here's one life hack that I'll chuck out to you to get things started for yourself.
The life hack that I'll chuck out is that you don't have to start with those numbers, all right?
Start by embracing the principle.
Start by embracing the mindset because you just start with what you can, you know?
Like start by investing, you know, like just a small amount.
If all you could do was invest, if all you could do was tithe a dollar,
if all you could do was give away a dollar to someone spent, you know, in the offering,
if all you could do was save a dollar, if all you could do was invest $2,
if that's all you could do, then start by doing that.
Start by embracing the principle and what's going to happen as you embrace the principle
is your mindsets are going to shift.
And very, very, it might start very, very slowly,
but as you actually put those things aside for savings,
put those things aside for investments,
and if you don't have anything to invest in right now,
then what you might want to do is put your savings and your investment into a bank account
until you get an opportunity for something to invest in.
And then when that opportunity comes, you're prepared for it
because you've been saving money, you've got, you know,
and that's for us, like our savings, what do we save it up for?
You might save your savings up to just spend it,
but for me, I am, and my wife, when we save up and we've got some savings there,
we usually actually just turn around and invest that savings.
We're like, man, what do we want to do?
We don't generally just waste our money on stuff.
We would generally reinvest.
We go, okay, right, I'm going to take that savings,
and then I'm going to drop that savings into an area where I'm actually just going to get reinvested.
And so what ends up happening is that your investments start returning for you.
And then the whole dynamic of, like, could you make $10,000 in a month?
Could you make $10,000 in a month as a side hustle while you're sleeping
without actually doing anything?
That actually starts to become...
come a reality. It starts to become something that you can actually accomplish, something
you can achieve, something that can become not a distant thing way out there but actually
starts becoming your normal. And then you start to be able to come to this place where
you can actually live off a much smaller percentage of your income because your percentage is
bigger. It's just a simple concept. If you're earning $10,000 a month versus if you're earning
$2,000 a month, your percentages are bigger and so it's easier to live off 50% of $10,000
than it is to live off 50% of $2,000. So let's just summarize this up. Your kid's greatest
time investment is also one of your greatest assets. One of their greatest assets is time.
It's also one of your greatest assets is also time. But for your kids, that first 20 years
of their life is absolutely priceless. That is one of the greatest spaces and greatest
opportunities for you to set them up to be financially free is to create for them, just
like royalty do, just like the upper class do, they set in place systems that are making
money while they sleep for their kids. They don't expect their two-year-olds to create
all this. They do it with them. They do it for them. They set them up. They create the
systems. They invest their money for them on their behalf. Our kids don't invest their
money. We invest our money on our kids' behalf. We set the systems up for them because this
is how we're raising royalty. But in the process, they're learning the mindsets. We talk them
through. We talk them through it. Even, you know, like my two-year-old, we talk her through
the process. This is what we're doing. This is what we're investing your money in. This
is where it's going. This is what we're doing. You can spend this much, give this much, tide
this much, all those things. So talk through with your kids. Make sure that you don't throw
away. One of the last things that I really, really want to get through to you is to value
that time asset of your children and do not throw it away. So that's us for today. Your
homework is figure out. Do some maths and figure out what percentage of your income
you are tithing, you are offering, you are saving, you are investing, and that you are
spending or you're living off. So you guys jump into that. Look forward to going live
again tomorrow. Tomorrow, you're going to love it. Tomorrow, we're going to talk about
some practical things. We're going to hear some stories from some people who are really
doing this. They're actually, you know, they've created these systems that make money while
they sleep and they are crushing it. And for them, making $10,000 a month, you know, through
a system that works while they're sleeping is pretty easy. It's almost effortless. They
do it all the time. And then I'm also going to just chuck around a whole bunch of different
ways of how you could raise $10,000 a month on the side as a little side business that
you can set up for yourself, for your kids. And so I'm just going to explore some of those
ways. There's lots of different ways that you could do it. We'll chuck some of those
ideas out there. Just want to get you thinking about that. But bless you. Remember, your
time asset is priceless. That time asset of your kids is absolutely priceless. It's
worth, I would say, millions of dollars. This is your greatest opportunity to set your kids
up for financial freedom. It's while they're at school, before they leave school. And boom,
get them to that point that when they want to leave school, they can be like royalty.
Where royalty is not going out hustling, trying to get a job on the side and then rule the
kingdom, you know, with the little bit of energy they've got left at the end of the
week after they've spent themselves in their job. So bless you guys. We'll see you tomorrow
for a fantastic live. Watch the events. And if you're in the Raising Royalty thing, you've
signed up for it, watch your emails. I'll be sending extra content out to your emails.
And we'll see you guys very soon. Bless you. Bye-bye.