EP246: Want To Get Rich, Don’t Save (Do This Instead)

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Hey there!!

We find that becoming wealthy is a pretty common dream for people. 💵🤩

But it’s actually about so much more than just making more money!

The desire for wealth comes from feeling siiiiick of money stress – paycheck to paycheck living, scraping pennies, and refraining from comfort now in the hope of a better tomorrow. 

That sort of mindset is exhausting… but good news! 

You CAN grow your wealth and enjoy it now, too –tune in here to learn how!

The problem is that people invest in the wrong things. 

Not all investments are going to drastically change your lifestyle and your future. 

But we do know that there is a type of asset that will absolutely skyrocket your returns and quickly ease the financial stress you’re sick of feeling. 👏

And we know this from both personal and professional experience. 

It’s all about our favorite, three little words…

👉 Infinite return assets. 

If they sound magical, that’s because they are!

But not in the “impossible dream” type of way. This type of magic is totally accessible and yours for the taking! 

Ready to learn how? 

Here’s to growing wealth and enjoying it now, too. 🥂

👉 Are you feeling financially overwhelmed?

👉 Do you often find yourself with more days left in the month than money in your wallet?

If you’re sick of scraping by, borrowing from one place to pay another, and then facing those you owe demanding their money back, this episode is for you. 😏😏

We’ve uncovered an incredible concept called Infinite Returns Assets.

But before diving into that, let’s explore a crucial difference in mindset between the poor, the middle class, and the rich.

The poor and middle class often view everything as expensive.  I can’t believe how expensive gas is now, or milk, or bread, not to mention houses and cars. It’s unbelievable!  This perception likely comes from the fact that they’re trading their irreplaceable time for money—essentially, they feel like they’re paying with pieces of their life.  And indeed, they are!

Consider this: If someone earns $36,000 a year and looks at buying a $36,000 car 🚗, they’re not just questioning if the car is worth the money.

What they’re asking is if it’s worth a year of their life, and with interest and inflation, possibly even 4-5 years of their life.

So, every time you’re about to spend money on something, you pause because it feels like you’re spending a part of your life to pay for it. 

This belief is deeply rooted within us. 

We’ve been conditioned to think that making money is hard and that everything is expensive.  We used to believe that too—we genuinely thought it was tough!

When we were in the fashion industry, our profits were pennies, and every time we wanted to buy anything, it felt expensive.

We found ourselves constantly counting—how many t-shirts, hoodies, bags, and baseball caps would we need to sell to buy these items?  🤯🤯

You see, we’ve been stuck in a cycle based on flawed programming that keeps us from truly thinking—thinking about how to make more money, and when we do think about it, all we can focus on is how hard it seems. 

This daunting perception makes us avoid thinking about it altogether because we dread the thought of all the hard work involved.

It’s a trap, really.

We’ve been conditioned to believe that for any financial gain to occur, it must come through hardship and trading a lot of time for.

But you see the mindset of the rich is different. 🤟❤️

We continue to grow wealthier because we approach splurging in a way that enhances our wealth rather than depletes it.  

We splurge on assets.

Instead of just buying things for fun, we invest in infinite return assets like buying real estate using other people’s money—apartments in our case. 

Wealthy people, we pay for things with our assets, which may sound like a flex, but we’re not, it’s just an illustration – we promise. 🙏🙏

We flew to Nepal round trip in business class. Our tickets, with taxes, cost $17,000, but to us, that was no more expensive than this coin pouch.

When you pay for things with the income from assets, everything essentially costs the same. My recent flight to South Africa and Botswana cost me the same as this coin pouch too.

You see, the rich get richer when we splurge. 

And here’s how we discovered this… 

Traveling has always been in our DNAs. 

Traveling is how we celebrate, it’s how we mourn, it’s how we fulfill our curiosities about the world. 👀

When we describe ourselves to people, the first thing we say is that we’re travelers.

During 🧫 COVID-19 we felt like we’ve been cut off from the thing we cared most about, from something that defines us.  So during that period, we felt we’ve lost a piece of who they are.

Once travel restrictions started to ease, we were thrilled about planning our first long-haul trip—getting back to what defines us. 

We chose the stunning country of Turkey as our destination.

The flight was about 13+ hours… ✈️

Economy class sections across all major airlines are getting worse and worse as time pass by. 

Corporate greed seems to always find a way to include more seats for max imum profit and yet the size of the planes remains the same. And who suffers? The passengers’ experience.  Ok, we digress. 👅

While we were in Cappadocia, I confessed to Nan…

“Honestly, I’m dreading flying… the flight here was awful. That day, I decided I don’t care about the cost anymore, I’m done. I hate being cramped in like sardines, surrounded by noise.  I hate being treated like a second-class citizen. It turns what used to be an exciting part of travel into a nightmare. The physical and emotional discomfort made me dread flying altogether. Why bother traveling if it feels like a punishment?  I just can’t stand it. So, I’m not doing it anymore.”

So we looked up the price of a one-way ticket back to Los Angeles… $3,500, just for one way! 😩😩

I had already decided that I was going to fly home in business class before I even knew the details.  I’m not going back via econ, so what am I going to do about it?  So I’m going to go buy an asset – an apartment. 

So, to cover the cost of my “expensive” decision to fly business class, we decided to buy a 200+ unit apartment complex in Texas.

We invited investors to invest with us, raising a total of $8+ million.

We then used the profits from the apartment complex to fund our decision for business or first-class travel, effectively offsetting the “expensive” decision. 

The point here is that the price of everything is irrelevant for the rest of your life once we break this down to you.  

👉 That year, we ended up purchasing over $60 million in real estate assets, followed by $108 million the next year, and another $100 million after that.

As real estate entrepreneurs, lead general partners, and capital raisers, we earn income in multiple ways through these acquisitions.

Given the true risks and responsibilities involved in such ventures, we are compensated for taking on those challenges.

Since then do you know how much money we’ve spent on business class and first class tickets? $200K-$300K? 

But we’ve generated millions. 💵

Listen to this: we made seven figures in profits simply because we decided not to fly economy anymore. We now pay for these expenses through our ability to buy assets. Just like buying this cute coin pouch, we buy apartments to pay for our vacations, family trips, and support the charities we care about. 

And it’s not just for us—it’s for our parents and grandparents too. The cool thing is, if we were paying with money we earned from trading our time, everything would feel expensive and there’s a cap. But when we pay our expenses by buying apartments using other people’s money, that’s what we call the Infinite Returns Asset.

Sure, we have partners in these deals, so we’re not pocketing all the profits ourselves. But, let’s just say, we’re not just scraping by; we’re earning enough to throw a little extra crunch into our snack bowl if you know what we mean. 

Now that you know income follows assets, watch 🎥 this episode to learn how to acquire more assets by using other people’s money.

According to RealPage Market Analytics, during the year ending with the first quarter, the Western U.S. had demand for around 69,000 apartment units, which is less than half the demand seen in the Southern U.S. during the same period.