5 • 910 Ratings
🗓️ 30 September 2023
⏱️ 20 minutes
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0:00.0 | You know, like most people, I was taught this way as well. |
0:03.0 | Go to school, get good grades, go to college, and get a job. |
0:06.4 | And when you do those things, it benefits those three pillars. |
0:09.2 | So when you go to college, you know, they slap on some student loan debt, that's cash flow for the banking system. |
0:15.3 | And then what do they tell you? |
0:16.2 | They say, go get a high paying job, but when you have a high paying W2 job, you pay the highest |
0:20.2 | taxes, and that's cash flow for the government and then they tell you play it |
0:24.1 | safe diversify investing in your 401k and that's cash flow for Wall Street in the |
0:28.8 | form of fees and then they tell you go buy a you know a single family |
0:32.2 | home start a family and then now they tell you go buy a single family home, |
0:32.8 | start a family, and then now they lock you in a 30 year mortgage, |
0:36.3 | and that's cash flow for the central baking system. |
0:39.3 | Welcome to the Rich Shummers Report, |
0:40.7 | where we talk real estate, business, and wealth building, all while keeping it real. |
0:44.8 | No fluff, no BS. |
0:46.3 | I hope that you enjoy the show. |
0:49.8 | All right guys, welcome to another episode of the report another Saturday |
0:57.5 | edition and with that I got my co-host Alex Alex. |
1:03.0 | Thank you, how's it going? |
1:04.0 | It's going really good. |
1:06.0 | We've had a busy last week. |
1:08.0 | We had a couple meetups last week. |
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