WEBVTT 1 00:00:00.000 --> 00:00:11.840 This is it, Raising Royalty Part 2 and in this video I'm going to talk about you and 2 00:00:11.840 --> 00:00:19.480 your kids greatest asset especially for investing and it's not cash so we're 3 00:00:19.480 --> 00:00:23.720 going to get into that which is going to be powerful it's going to be a really 4 00:00:23.720 --> 00:00:30.620 good session and gave you guys some homework last night as well so the 5 00:00:30.620 --> 00:00:37.360 homework that you had last night was answering this question what do you want 6 00:00:37.360 --> 00:00:44.440 good to see you guys and once again it's fantastic to have everyone on board this 7 00:00:44.440 --> 00:00:49.960 adventure this Raising Royalty training really really delighted to be sharing 8 00:00:49.960 --> 00:00:56.240 this journey with you and a stunning day where I am everything's looking good 9 00:00:56.240 --> 00:01:02.720 and beautiful just very very nice staying at my parents-in-law at the 10 00:01:02.720 --> 00:01:09.880 moment so what we're going to be doing in this session is one I'm going to 11 00:01:09.880 --> 00:01:13.240 touch base with you on your homework see how you went on your homework from part 12 00:01:13.240 --> 00:01:19.040 one and then we're going to be talking about your greatest asset and your kids 13 00:01:19.040 --> 00:01:23.000 greatest asset which is a non-cash asset so I'm really excited to be talking 14 00:01:23.000 --> 00:01:28.400 about that and then we're also going to jump on board and touch base on some 15 00:01:28.400 --> 00:01:33.640 ancient Jewish financial principles which is what sets them up to be 16 00:01:33.640 --> 00:01:42.240 disproportionately successful in the area of finances and investments so why 17 00:01:42.240 --> 00:01:45.480 don't you say disproportionately successful if you like the idea of being 18 00:01:45.600 --> 00:01:52.840 disproportionately successful then this video is for you if you like the idea of 19 00:01:52.840 --> 00:01:59.120 not throwing away your kids greatest financial asset if you like the idea of 20 00:01:59.120 --> 00:02:03.520 not throwing away their greatest opportunity for financial freedom before 21 00:02:03.520 --> 00:02:07.200 they leave school then this video is for you okay so we're going to jump into 22 00:02:07.200 --> 00:02:13.560 that but homework last night I was just wonderful that last video with with Z so 23 00:02:13.560 --> 00:02:18.720 so honored to have her in my life what a wonderful lady she is an absolute 24 00:02:18.720 --> 00:02:22.680 legend and a great friend but what we talked about last night is what do you 25 00:02:22.680 --> 00:02:27.040 actually want and we talked about Ephesians 3 20 that God has for you this 26 00:02:27.040 --> 00:02:32.000 dream this in his heart there's a dream that you would do above and beyond all 27 00:02:32.000 --> 00:02:36.920 that you could either ask dream or hope to imagine now how wild is that that's 28 00:02:36.920 --> 00:02:43.240 extreme extravagant just wild wild stuff so but to actually step into that you 29 00:02:43.240 --> 00:02:47.040 have to start defining it you just start writing it down start getting 30 00:02:47.040 --> 00:02:51.960 really really clear on what it is that you really want and so that was part of 31 00:02:51.960 --> 00:02:55.360 your homework so how did you do on defining and answering that question 32 00:02:55.360 --> 00:03:00.200 what do you want and then the next question is living in that life 33 00:03:00.200 --> 00:03:05.040 actually living that life living out that life of your wildest dreams what is 34 00:03:05.040 --> 00:03:09.880 that worth to you what value would you put on that you know students literally 35 00:03:09.880 --> 00:03:14.160 spend hundreds of thousands of dollars on the education because they put that 36 00:03:14.160 --> 00:03:18.840 level of value on the education because they believe that education is going to 37 00:03:18.840 --> 00:03:23.440 get them what they want which is generally a job and they're hoping that 38 00:03:23.440 --> 00:03:27.320 job is going to pay them an income and that income is going to produce a 39 00:03:27.320 --> 00:03:31.320 lifestyle that's going to have them live in their dreams so they put a value of 40 00:03:31.320 --> 00:03:38.280 hundreds of thousands of dollars often on their education so for you for you in 41 00:03:38.280 --> 00:03:47.920 your life in your journey what value have you put on the fruition of your 42 00:03:47.920 --> 00:03:52.160 dreams on actually living out the fulfillment of your dreams that's the 43 00:03:52.160 --> 00:03:55.920 question that was hot last week's last night's homework so how did you go on 44 00:03:55.920 --> 00:04:00.240 that would love to encourage you just to really focus in on answering those 45 00:04:00.240 --> 00:04:05.000 questions well I believe that question what do you want is one of the possibly 46 00:04:05.000 --> 00:04:08.200 the second most powerful question that you could ever ask yourself and you 47 00:04:08.200 --> 00:04:12.960 could ever answer if you did a great job on answering that question well you 48 00:04:12.960 --> 00:04:17.640 you're really setting yourself up for success so let's talk about your kids 49 00:04:17.640 --> 00:04:22.960 greatest asset right now now if if you don't understand this if you don't 50 00:04:22.960 --> 00:04:27.520 understand that this is your kids greatest financial asset then you're in 51 00:04:27.520 --> 00:04:32.040 danger of being like most people who aren't in royalty or aren't in upper class 52 00:04:32.040 --> 00:04:39.320 they actually throw away their kids greatest financial asset now that asset 53 00:04:39.320 --> 00:04:47.600 it's not cash it's not a mindset it's not a system it's actually time time 54 00:04:47.600 --> 00:04:52.520 your kid you know from the time you're born to the time you're you know 18 or 55 00:04:52.520 --> 00:04:59.960 20 you really don't require you really don't require a whole lot of money in 56 00:05:00.000 --> 00:05:02.700 especially if you're living in your parents house. Now if you're in different 57 00:05:02.700 --> 00:05:08.020 kind of circumstances then you won't but if you're a parent watching this then 58 00:05:08.020 --> 00:05:12.220 you're most likely quite happy to have your kids in your home for 18 to 59 00:05:12.220 --> 00:05:17.060 20 years. So listen you know that's 18 to 20 years where a financial investment 60 00:05:17.060 --> 00:05:22.500 could be developing for them. If you've got, if you're investing and you've got a 61 00:05:22.500 --> 00:05:28.560 lot of money then you can make a great return in a short space of time but if 62 00:05:28.560 --> 00:05:33.260 you're investing and you only have a little bit of money then the only way 63 00:05:33.260 --> 00:05:36.840 you can get a, generally the best way to get a really good return off your little 64 00:05:36.840 --> 00:05:41.640 bit of money is to utilize time. So what I want to say is that your kids time 65 00:05:41.640 --> 00:05:46.680 asset is absolutely priceless because if you steward your kids time asset you can 66 00:05:46.680 --> 00:05:53.240 invest a really really small amount and I'm not, you could set up a financial 67 00:05:53.240 --> 00:05:58.060 system for your kids right now using a small amount of money that over time can 68 00:05:58.060 --> 00:06:04.140 build and accrue and create a residual income for them that actually creates 69 00:06:04.140 --> 00:06:07.700 financial independence before they leave school. Now this is the thing you know 70 00:06:07.700 --> 00:06:14.020 you take, if you use time and you use that time to invest in a system that is 71 00:06:14.020 --> 00:06:18.780 going to produce finance while you sleep like royalty does right. So this is one 72 00:06:18.780 --> 00:06:23.820 of the things we talked about with royalty is that they have these, this 73 00:06:23.820 --> 00:06:28.300 mindset that they're not, they don't, they never put the idea in their kids mind 74 00:06:28.300 --> 00:06:33.340 like okay go and study for a long time so that you can go into debt and then 75 00:06:33.340 --> 00:06:36.340 you can get a job and then you can make money. They don't do that. They put the 76 00:06:36.340 --> 00:06:42.180 idea in their kids head that you can make, you can invest, we can invest for 77 00:06:42.180 --> 00:06:46.460 you into a financial system that makes money while you sleep so that you have 78 00:06:46.460 --> 00:06:51.660 got all the resources that you need that enables you to use your time to actually 79 00:06:51.700 --> 00:06:55.660 live out your dreams and your calling and for royalty that enables them to, they 80 00:06:55.660 --> 00:06:58.220 don't have to spend all their time working at a job to get money. They've 81 00:06:58.220 --> 00:07:02.340 created systems that produce money that allows them to rule over their country 82 00:07:02.340 --> 00:07:05.620 and for you and I that's what we're called for. We're called to rule and reign. We're called to be 83 00:07:05.620 --> 00:07:09.660 doing phenomenal creative things and actually disciple nations but if we're 84 00:07:09.660 --> 00:07:12.740 running around all the time trying to raise money we won't be able to fulfill 85 00:07:12.740 --> 00:07:16.980 our calling to actually step into that place because we'd be too busy trying to get money. 86 00:07:16.980 --> 00:07:20.260 But if you're making money while you sleep then you've got all the time, all 87 00:07:20.260 --> 00:07:24.300 the energy at your disposal to invest yourself in your passions and your 88 00:07:24.300 --> 00:07:29.020 dreams and fulfill the Ephesians 2.20 calling on your life. Which is exciting right? 89 00:07:29.020 --> 00:07:37.900 So that's it. Now how can you, if you realize the value, if you realize the 90 00:07:37.900 --> 00:07:42.380 value of the time asset that your kids had you wouldn't throw it away. If you 91 00:07:42.380 --> 00:07:48.340 realize the actual value of your kids time asset, that 18 to 20 years from the 92 00:07:48.340 --> 00:07:51.700 time they're born to the time that they really going to start launching out. If 93 00:07:51.700 --> 00:07:55.300 you realize that the value of that, let me ask you this question, if you realize 94 00:07:55.300 --> 00:07:59.500 that the value of that time asset was it was literally priceless worth millions 95 00:07:59.500 --> 00:08:05.820 of dollars, would you throw it away? I ask you that because I do not believe that 96 00:08:05.820 --> 00:08:11.500 the majority, the average parent has realized the value of the time asset 97 00:08:11.500 --> 00:08:15.820 that their children have. It's a non-cash asset so it's easy to overlook it and 98 00:08:15.820 --> 00:08:19.420 realize that they don't have much going for them but that time asset is 99 00:08:19.420 --> 00:08:25.580 absolutely priceless. Now if you, people you know you talk to people and they say 100 00:08:25.580 --> 00:08:28.940 when's the best time to invest? Oh 20 years ago they would say and but the 101 00:08:28.940 --> 00:08:33.820 second time to invest, the second best time to invest is right now and I want 102 00:08:33.820 --> 00:08:38.059 to say that for you that if you haven't invested 20 years ago then the very 103 00:08:38.059 --> 00:08:44.620 very very best time to invest is immediately right now. So question is 104 00:08:44.620 --> 00:08:48.940 have you got something going for your kids? We're going to transition now and 105 00:08:48.940 --> 00:08:53.900 talk about the Jewish financial principles that make them 106 00:08:53.900 --> 00:08:57.980 disproportionately successful in the area of finances. Now if you look all 107 00:08:57.980 --> 00:09:04.140 around the world you know like so the Jewish people consistently, it doesn't 108 00:09:04.140 --> 00:09:09.180 matter what context you put Jewish people in, they seem to thrive financially. 109 00:09:09.180 --> 00:09:12.660 It doesn't matter you know if they're being persecuted, doesn't matter if 110 00:09:12.660 --> 00:09:15.620 they're living in a ghetto, it doesn't matter if they're you know being 111 00:09:15.620 --> 00:09:21.060 oppressed by people, they somehow seem to rise up and above financially. They just 112 00:09:21.060 --> 00:09:24.820 seem to thrive financially. Now is it because they're blessed? Well they're 113 00:09:24.820 --> 00:09:29.220 blessed and they've got favor but here's one of the things about royalty is 114 00:09:29.220 --> 00:09:34.740 royalty doesn't rely solely on favor and you as an individual you don't want to 115 00:09:34.740 --> 00:09:38.380 rely solely, when it comes to finances and actually living your dreams, you 116 00:09:38.420 --> 00:09:43.300 don't want to rely solely on the favor of God. Now I love the favor of God, I 117 00:09:43.300 --> 00:09:47.620 lean into the favor of God, I want more of the favor of God on my life but 118 00:09:47.620 --> 00:09:51.020 there's something that will actually even take the favor of God on your life 119 00:09:51.020 --> 00:09:54.620 to another level and that thing that will take the favor of God on your life 120 00:09:54.620 --> 00:09:58.620 to another level and actually give you something else that can exponentially 121 00:09:58.620 --> 00:10:01.980 multiply the favor of God. 122 00:10:00.000 --> 00:10:07.440 of God on your life, is actually wisdom. Now wisdom produces witty inventions. Wisdom produces 123 00:10:07.440 --> 00:10:12.640 freedom. Wisdom has the ability, the capacity, if you embrace and encounter wisdom in your life, 124 00:10:12.640 --> 00:10:19.280 and you implement wisdom in your life, wisdom will always give you a system that enables you 125 00:10:19.280 --> 00:10:25.520 to thrive. Wisdom will always give you a way, a strategy, a system. Wisdom will give you a 126 00:10:25.520 --> 00:10:30.400 mindset, and that mindset will produce a system, and that system will produce freedom. And that 127 00:10:30.400 --> 00:10:35.760 system will actually multiply the favor on your life. And so for the Jewish people, they've got 128 00:10:35.760 --> 00:10:41.280 this system that makes them disproportionately successful in the area of finances. It actually 129 00:10:41.280 --> 00:10:45.680 multiplies the favor of God on their life. It multiplies the opportunities. It multiplies 130 00:10:45.680 --> 00:10:50.480 their freedom. So let me tell you about it. It's called the five jar principle. We do this with 131 00:10:50.480 --> 00:10:54.560 our kids, and I love teaching this five jar principle. And some of you, if you've checked 132 00:10:54.560 --> 00:10:59.840 with us, may have heard me talk about this before. But the five jar principle is about 133 00:11:00.400 --> 00:11:04.960 investing, like dividing your money up. Now before I jump into that, let me ask you, 134 00:11:06.320 --> 00:11:12.960 could you live off 50% of your income? Let me ask you this, would you like to hear a story? I'm 135 00:11:12.960 --> 00:11:17.920 going to tell you anyway, but would you like to hear the secret behind the story of the kid 136 00:11:18.560 --> 00:11:24.560 when he finished high school who went out and bought his own house with cash? Not his parents 137 00:11:24.560 --> 00:11:31.760 money, his own money that he raised while he was at school, because he embraced this concept of 138 00:11:31.760 --> 00:11:38.000 creating a system, a financial system, and he also embraced the five jar principles, the five jar 139 00:11:38.000 --> 00:11:50.240 system. So New Zealanders live on average off 113% of our weekly income. Now 113% of our weekly 140 00:11:50.240 --> 00:11:57.440 income, living off that is going to set us up for a massive amount of failure in our lives. 141 00:11:58.800 --> 00:12:02.880 You do the math. We're going backwards. The average person in New Zealand, the average person 142 00:12:02.880 --> 00:12:07.920 in the West, their financial system takes them backwards because they live off 113%. You can 143 00:12:07.920 --> 00:12:15.440 never get ahead. So the five jar system is you tithe 10%, you put 10% in the offering, which in 144 00:12:15.440 --> 00:12:21.600 that offering you're just giving it away to people. So 10% goes into tithes, 10% goes into offering, 145 00:12:21.600 --> 00:12:26.160 we're just blessing people. Our kids love doing that. They love just going and a portion of their 146 00:12:26.720 --> 00:12:30.240 money, they actually just, they get to go and buy presents for people, they bless people, 147 00:12:30.240 --> 00:12:36.720 they do cool things with it. Then 10% of your money goes into savings. And at 20%, this is the 148 00:12:36.720 --> 00:12:41.600 ancient Jewish principle that's got biblical foundations. And I was talking to my friend, 149 00:12:41.600 --> 00:12:47.440 she's a rabbi, she's a Jewish rabbi, and she's all about it. They derive this financial principles 150 00:12:47.440 --> 00:12:53.840 from their understanding of the Bible. And so 10% goes to tithe, 10% goes to offering, 10% goes to 151 00:12:53.840 --> 00:13:01.440 savings, and 20% of their income goes into investments. 20% goes into investments, and then 152 00:13:01.440 --> 00:13:08.880 they live off 50%. Now, when I first heard about that, I was like, oh my gosh, I can't do that. 153 00:13:08.880 --> 00:13:12.880 And the reason that I couldn't do it, and the reason that most people right now couldn't just 154 00:13:12.880 --> 00:13:18.400 live off 50% is because we didn't start when we're kids. Now you've got to start the system 155 00:13:18.400 --> 00:13:22.880 for it to have its maximum impact on your life. You've got to start the five jar system when 156 00:13:22.880 --> 00:13:27.760 you're a kid. Because if you start it when you're a kid, what will happen is you actually start 157 00:13:27.760 --> 00:13:34.480 building financial momentum in your life. So you're tithing, you're offering. So that's establishing 158 00:13:35.040 --> 00:13:39.440 phenomenal mindsets, even just the mindset of generosity. It's giving you that mindset of 159 00:13:39.440 --> 00:13:46.720 generosity, which is amazing. Generosity is going to hugely bless you. Generosity actually, 160 00:13:46.720 --> 00:13:53.600 it blesses your brain, it blesses so much of you. So generosity, and then, you know, so 10% to tithe, 161 00:13:53.600 --> 00:14:00.000 10% to offering, 10% to savings. This is establishing phenomenal financial principles 162 00:14:00.000 --> 00:14:05.360 and disciplines in the life of your kid that's going to keep building them up towards having 163 00:14:05.360 --> 00:14:10.800 financial freedom and financial momentum on their life. And here's the cool thing, right? 20% 164 00:14:11.760 --> 00:14:18.560 gets put into investments. 20% gets put into investments, and then they live off 50%. Now, 165 00:14:18.560 --> 00:14:24.160 if you factor in as well the value of your kid's time asset, if your kid is doing this 166 00:14:24.960 --> 00:14:30.080 from the time they're like zero, if they're getting birthday money, boom, tithes, offerings, 167 00:14:30.640 --> 00:14:37.360 savings, investments, and spend. All right? So if you're, if we do this with our two-year-old, 168 00:14:37.360 --> 00:14:41.120 we do this with all of our kids. We sit down, we take their money, we divide it, 169 00:14:41.120 --> 00:14:44.960 we put it into each of their jars, and they go and give some money to church. They go and bless 170 00:14:44.960 --> 00:14:49.840 people. They go and, they are investing with us. I'm going to, as we go on, I'm going to show you 171 00:14:49.840 --> 00:14:54.560 financial investment systems that we've got for our kids. They're investing, they're working in 172 00:14:54.560 --> 00:14:58.960 business with us. I've got them in the family business. And you want to have your own type 173 00:14:58.960 --> 00:14:59.840 of family business. 174 00:15:00.000 --> 00:15:05.400 Something that creates money while you're sleeping for your kids, something that they can do on the side. 175 00:15:05.400 --> 00:15:10.900 In fact, our next video is going to be how you can make 10k a month on the side. 176 00:15:10.900 --> 00:15:18.400 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. 177 00:15:18.400 --> 00:15:20.800 And I want to talk to you about systems that make money while you sleep, 178 00:15:20.800 --> 00:15:24.400 because there's a whole bunch of dumb systems that will waste your time and money. 179 00:15:24.400 --> 00:15:30.300 But, now let's think about this. 180 00:15:30.300 --> 00:15:35.700 When I first heard about this 5 dollar system, I could not immediately switch. 181 00:15:35.700 --> 00:15:40.500 All right, it takes time. It takes time because the value of your time asset, 182 00:15:40.500 --> 00:15:42.700 if you start this when you're a little kid, 183 00:15:42.700 --> 00:15:47.900 then your 50% that you're supposed to be living off and spending is actually really, really big. 184 00:15:47.900 --> 00:15:55.300 You can actually afford to live off 50%, whereas New Zealanders barely afford to live off 113% of their weekly income. 185 00:15:55.300 --> 00:15:58.800 And that's because that's the only income stream that they have. 186 00:15:58.800 --> 00:16:03.700 But for the Jewish people, they don't just have that one income stream that might be coming from their job, 187 00:16:03.700 --> 00:16:07.700 and they might not even have a job, but they've been investing since they were little kids, 188 00:16:07.700 --> 00:16:14.300 and 20% of all their income gets invested to create other, like multiple sources of income. 189 00:16:14.300 --> 00:16:16.900 So, you've got multiple income streams coming in, 190 00:16:16.900 --> 00:16:24.200 which means every week your percentage of what you're actually getting in is increasing. 191 00:16:24.200 --> 00:16:28.100 So, that's the dynamic for us. 192 00:16:28.100 --> 00:16:31.300 And I'm loving, loving, loving the mindsets that it's giving to our kids. 193 00:16:31.300 --> 00:16:34.100 Our kids now talk. 194 00:16:34.100 --> 00:16:38.300 Someone asked, yeah, like a kid of any age can have a bank account. 195 00:16:38.300 --> 00:16:39.800 So, you can open up a bank account at any age. 196 00:16:39.800 --> 00:16:41.900 All of our kids have bank accounts. 197 00:16:41.900 --> 00:16:45.200 All of our kids are a part of the family business. 198 00:16:45.200 --> 00:16:47.300 All of our kids are investing. 199 00:16:47.300 --> 00:16:51.000 All of our kids are saving, they're tithing, they're offering, and they're all spending. 200 00:16:51.000 --> 00:16:55.900 They just got to go away with their grandparents, and they took their own money and bought their own stuff, 201 00:16:55.900 --> 00:16:58.300 and they were absolutely wrapped. 202 00:16:58.300 --> 00:17:06.599 Now, just to wrap up for today, I want to ask you a question. 203 00:17:06.599 --> 00:17:11.700 Last question I want to ask you is how are you doing it for yourself in terms of percentages. 204 00:17:11.700 --> 00:17:15.500 What percentage of your income are you tithing? 205 00:17:15.500 --> 00:17:19.700 What percentage of your income do you just give away through off-springs just to bless people? 206 00:17:19.700 --> 00:17:21.599 What percentage of your income are you saving? 207 00:17:21.599 --> 00:17:26.400 What percentage of your income are you investing, all right? 208 00:17:26.400 --> 00:17:28.500 What percentage of your income are you investing? 209 00:17:28.500 --> 00:17:33.100 And then what percentage of your income do you live off? 210 00:17:33.100 --> 00:17:35.900 How much of your income does it take you to live off? 211 00:17:35.900 --> 00:17:39.500 And I'll give you a life hack for something that helped us transition, all right? 212 00:17:39.500 --> 00:17:44.000 If you're caught in that mode of living off 113% of your income, 213 00:17:44.000 --> 00:17:49.500 if you're caught in that mode where the whole idea of being able to like 214 00:17:49.500 --> 00:17:52.100 give away 20% of your income through tithes and offerings, 215 00:17:52.100 --> 00:17:55.500 or the concept of saving 10%, or the concept of investing 20%, 216 00:17:55.500 --> 00:17:57.600 if that's like, that's just not possible, 217 00:17:57.600 --> 00:18:04.000 here's one life hack that I'll chuck out to you to get things started for yourself. 218 00:18:04.000 --> 00:18:08.400 The life hack that I'll chuck out is that you don't have to start with those numbers, all right? 219 00:18:08.400 --> 00:18:10.600 Start by embracing the principle. 220 00:18:10.600 --> 00:18:15.400 Start by embracing the mindset because you just start with what you can, you know? 221 00:18:15.400 --> 00:18:19.900 Like start by investing, you know, like just a small amount. 222 00:18:19.900 --> 00:18:24.100 If all you could do was invest, if all you could do was tithe a dollar, 223 00:18:24.100 --> 00:18:27.300 if all you could do was give away a dollar to someone spent, you know, in the offering, 224 00:18:27.300 --> 00:18:31.200 if all you could do was save a dollar, if all you could do was invest $2, 225 00:18:31.200 --> 00:18:35.100 if that's all you could do, then start by doing that. 226 00:18:35.100 --> 00:18:41.400 Start by embracing the principle and what's going to happen as you embrace the principle 227 00:18:41.400 --> 00:18:43.700 is your mindsets are going to shift. 228 00:18:43.700 --> 00:18:46.100 And very, very, it might start very, very slowly, 229 00:18:46.100 --> 00:18:50.100 but as you actually put those things aside for savings, 230 00:18:50.100 --> 00:18:51.900 put those things aside for investments, 231 00:18:51.900 --> 00:18:54.000 and if you don't have anything to invest in right now, 232 00:18:54.000 --> 00:18:59.100 then what you might want to do is put your savings and your investment into a bank account 233 00:18:59.100 --> 00:19:02.200 until you get an opportunity for something to invest in. 234 00:19:02.200 --> 00:19:05.100 And then when that opportunity comes, you're prepared for it 235 00:19:05.100 --> 00:19:07.800 because you've been saving money, you've got, you know, 236 00:19:07.800 --> 00:19:13.200 and that's for us, like our savings, what do we save it up for? 237 00:19:13.200 --> 00:19:16.000 You might save your savings up to just spend it, 238 00:19:16.000 --> 00:19:22.600 but for me, I am, and my wife, when we save up and we've got some savings there, 239 00:19:22.600 --> 00:19:25.500 we usually actually just turn around and invest that savings. 240 00:19:25.500 --> 00:19:27.200 We're like, man, what do we want to do? 241 00:19:27.200 --> 00:19:31.100 We don't generally just waste our money on stuff. 242 00:19:31.100 --> 00:19:33.300 We would generally reinvest. 243 00:19:33.300 --> 00:19:36.500 We go, okay, right, I'm going to take that savings, 244 00:19:36.500 --> 00:19:41.100 and then I'm going to drop that savings into an area where I'm actually just going to get reinvested. 245 00:19:41.100 --> 00:19:46.300 And so what ends up happening is that your investments start returning for you. 246 00:19:46.300 --> 00:19:52.900 And then the whole dynamic of, like, could you make $10,000 in a month? 247 00:19:53.000 --> 00:19:57.200 Could you make $10,000 in a month as a side hustle while you're sleeping 248 00:19:57.200 --> 00:19:59.000 without actually doing anything? 249 00:19:59.000 --> 00:20:00.000 That actually starts to become... 250 00:20:00.000 --> 00:20:03.720 come a reality. It starts to become something that you can actually accomplish, something 251 00:20:03.720 --> 00:20:09.200 you can achieve, something that can become not a distant thing way out there but actually 252 00:20:09.200 --> 00:20:16.160 starts becoming your normal. And then you start to be able to come to this place where 253 00:20:16.160 --> 00:20:21.440 you can actually live off a much smaller percentage of your income because your percentage is 254 00:20:21.440 --> 00:20:29.960 bigger. It's just a simple concept. If you're earning $10,000 a month versus if you're earning 255 00:20:30.120 --> 00:20:35.120 $2,000 a month, your percentages are bigger and so it's easier to live off 50% of $10,000 256 00:20:35.120 --> 00:20:42.680 than it is to live off 50% of $2,000. So let's just summarize this up. Your kid's greatest 257 00:20:42.680 --> 00:20:51.680 time investment is also one of your greatest assets. One of their greatest assets is time. 258 00:20:51.680 --> 00:20:56.920 It's also one of your greatest assets is also time. But for your kids, that first 20 years 259 00:20:56.920 --> 00:21:03.960 of their life is absolutely priceless. That is one of the greatest spaces and greatest 260 00:21:03.960 --> 00:21:08.840 opportunities for you to set them up to be financially free is to create for them, just 261 00:21:08.840 --> 00:21:14.720 like royalty do, just like the upper class do, they set in place systems that are making 262 00:21:14.720 --> 00:21:19.120 money while they sleep for their kids. They don't expect their two-year-olds to create 263 00:21:19.120 --> 00:21:22.320 all this. They do it with them. They do it for them. They set them up. They create the 264 00:21:22.320 --> 00:21:26.800 systems. They invest their money for them on their behalf. Our kids don't invest their 265 00:21:26.800 --> 00:21:32.480 money. We invest our money on our kids' behalf. We set the systems up for them because this 266 00:21:32.480 --> 00:21:36.880 is how we're raising royalty. But in the process, they're learning the mindsets. We talk them 267 00:21:36.880 --> 00:21:41.160 through. We talk them through it. Even, you know, like my two-year-old, we talk her through 268 00:21:41.160 --> 00:21:44.040 the process. This is what we're doing. This is what we're investing your money in. This 269 00:21:44.040 --> 00:21:47.200 is where it's going. This is what we're doing. You can spend this much, give this much, tide 270 00:21:47.200 --> 00:21:53.440 this much, all those things. So talk through with your kids. Make sure that you don't throw 271 00:21:53.440 --> 00:22:05.640 away. One of the last things that I really, really want to get through to you is to value 272 00:22:05.640 --> 00:22:11.880 that time asset of your children and do not throw it away. So that's us for today. Your 273 00:22:11.880 --> 00:22:17.960 homework is figure out. Do some maths and figure out what percentage of your income 274 00:22:17.960 --> 00:22:23.720 you are tithing, you are offering, you are saving, you are investing, and that you are 275 00:22:23.720 --> 00:22:27.720 spending or you're living off. So you guys jump into that. Look forward to going live 276 00:22:27.720 --> 00:22:30.880 again tomorrow. Tomorrow, you're going to love it. Tomorrow, we're going to talk about 277 00:22:30.880 --> 00:22:34.880 some practical things. We're going to hear some stories from some people who are really 278 00:22:34.880 --> 00:22:38.420 doing this. They're actually, you know, they've created these systems that make money while 279 00:22:38.420 --> 00:22:45.080 they sleep and they are crushing it. And for them, making $10,000 a month, you know, through 280 00:22:45.080 --> 00:22:48.920 a system that works while they're sleeping is pretty easy. It's almost effortless. They 281 00:22:48.920 --> 00:22:52.920 do it all the time. And then I'm also going to just chuck around a whole bunch of different 282 00:22:52.920 --> 00:22:59.440 ways of how you could raise $10,000 a month on the side as a little side business that 283 00:22:59.440 --> 00:23:04.440 you can set up for yourself, for your kids. And so I'm just going to explore some of those 284 00:23:04.440 --> 00:23:06.760 ways. There's lots of different ways that you could do it. We'll chuck some of those 285 00:23:06.760 --> 00:23:11.000 ideas out there. Just want to get you thinking about that. But bless you. Remember, your 286 00:23:11.000 --> 00:23:15.840 time asset is priceless. That time asset of your kids is absolutely priceless. It's 287 00:23:15.840 --> 00:23:20.800 worth, I would say, millions of dollars. This is your greatest opportunity to set your kids 288 00:23:20.800 --> 00:23:24.920 up for financial freedom. It's while they're at school, before they leave school. And boom, 289 00:23:24.920 --> 00:23:29.200 get them to that point that when they want to leave school, they can be like royalty. 290 00:23:29.200 --> 00:23:34.120 Where royalty is not going out hustling, trying to get a job on the side and then rule the 291 00:23:34.120 --> 00:23:38.000 kingdom, you know, with the little bit of energy they've got left at the end of the 292 00:23:38.000 --> 00:23:43.720 week after they've spent themselves in their job. So bless you guys. We'll see you tomorrow 293 00:23:43.720 --> 00:23:47.280 for a fantastic live. Watch the events. And if you're in the Raising Royalty thing, you've 294 00:23:47.280 --> 00:23:51.680 signed up for it, watch your emails. I'll be sending extra content out to your emails. 295 00:23:51.680 --> 00:23:53.480 And we'll see you guys very soon. Bless you. Bye-bye.