Transcript

Now I don't really watch much TV because I try to create more content for folks like you on this channel but lately I have been binge watching this Bling Empire on Netflix.

Basically its a show about rich asians in LA - think Crazy Rich Asians reality tv show

Why would i be I watch this? Well I grew up frugal and I was just curious on what rich people do with their money. Best practices etc.

I also tend to watch shows that have a finite endings there were just 6 episodes so I can get to something more productive. Movies... I love them cause they are done. Except marvel movies which there are like 30-40 of them but they are good so anyway

2a) Stay till the end because I am going to be giving away free book on QRPs which is going to allow you to unlock your retirement funds to invest in hard assets such as real estate.

1b) I’m going to show you the______ 2b) At the end we will be giving you access to the______ so you can ______

Topic: Netflix’s Bling Empire takeaways

1) Best practices

1a) Parties - net worth equals net worth -

1b) good food, paid venues and at home parties, birthday/baby parties

1c) caviar - I have to try that - very different from my Ready made food from Don Quiote which you can watch a video about that in my channel

4) There was a point in the show where a couple of the guys were tracking down the parent of another on of their friends and I think they need to go to Tennessee or something.

4a) Freedom to go when ever they wanted - time freedom!

4b) A couple times the use of private jets were shown. Jets are cool but on another level they are the only thing that can compress time. And TIME is our most important resource.

CTAMID: a) Before I go on please do me a favor and like/comment/question

b) Help us work up the Youtube Algorithm to reach more people and grow our community by liking this video or even better commenting or asking questions which I will go in later and try to respond.

3) Cars/Clothes

3a) I don't get it... high brand clothing - Hermes

3b) everyone has their Style - I like things that are simple and don't have to worry about

3c) Cars did not seem to be a big emphasis when they did flash them on the screen. Sure there was a bentley here and there but it did not seem to get as much recognition and a designer brand dress or shirt.

That said I am working on a future video where I dissect buying or leasing cars. Hint buying used cars are the way to go but I'll break it down. So if you want to hear it please like here and it will give me the motivation to get that video out to you soon. I am currently in the middle of the negotiation for my next ride and I'm not going to lie... its really fun. It's not where near the high stakes of negotiating for 20M+ apartment buildings which are the foundation of my investing portfolio.

The last takeaway from Bling empire

2) Blissful carefree - despite the obvious petty drama

2a) perhaps abundance mindset

2b) I work with a lot of people trying to accumulate their first 250k heck 1M and they have this white knuckle mentality - 5 dollar Simple Passive Cashflow Latte - http://simplepassivecashflow.com/the-...

2c) 

Recently I was working with a Student on how they were very close to financial freedom and we were talking about them lightning up. Spending a little bit more even thought this is what you never hear!!!

Spending money on dumb things is difficult for me still but I am trying to work on it. You never know when you time up here is over and you can't take any of your money or streams of passive income with you.

Maybe we should be more like the folks on BE

CTA Before I let you know how to get this video’s bonus/easter egg/giveaway…. if you like this go to the SPC podcast and go to SimplePassiveCashflow.com subscribe and click the like button - I really appreciate it

Now for that free bonus/easter egg - see the link in the comments

If you are a high net worth Passive Investor and using a 401k or Self directed IRA? You are doing it all wrong! Check out SimplePassiveCashflow.com/qrp which avoids UDFI and UBIT tax and claim the free book there.

What is it that you recently spend money on that was a little impractical? Lets get a dialogue.

Hosted on Acast. See acast.com/privacy for more information.