You can trick yourself into thinking a high net worth means I'm good, I'm free.

But if that can't produce the cash flow to get you free and make work optional, you're not really free.

And we're not taught how to manage money.

We're taught sales and marketing training inside those firms.

That's a dirty business man.

If I can just rearrange the puzzle pieces that you already have, not adding anything more to your strategy, can I buy back time for you?

Welcome to the Rich Summers Report where we talk real estate, business, and wealth building,

all while keeping it real. No fluff, no BS. I hope that you enjoy the show.

All right guys, today I got someone who's coming from the capital markets, was managing

$1.4 billion with a B with Morgan Stanley.

Now he's on his own, and we're going to break down the 10 money myths that are making you poor.

I got my man, Dana Cornell in the building.

What's up, Dana?

How you doing, man? Thanks for having me. Dude, I appreciate you coming on, man. Founder of Cornell Capital Holdens. Man, a lot of game, a lot of value in this episode, man, and I can't wait to break it down. So first things first, you say net worth does not equal financial freedom. What do you mean when you say that it certainly does does not, man. It does not. It's a misleader. You know, you can get, you can trick yourself into thinking a high net worth, the high number on that, that net worth statement means I'm good, I'm free. But if that can't produce the cash flow to get you free and make work optional, right, which is what we're trying to do. Yeah. You're not really free, right? False sense of security. And we can unpack that in 10 different ways or we're going to unpack it in 10 different ways today. Yeah, I always say, you know, if you get into the game of real estate especially, you need active income. A lot of people get into the real estate game. They think it's going to be passive. And it is passive if you're a limited partner. But for these people that do it actively, you know, the idea that you're going to go buy two, three properties and retire and sit on the beach. That's not a true thing. You need the active income. Active income is what allows you to continue growing. It allows you to continue taking risk, picking your spot. And if we're not

growing, we're dying. For sure. Yeah. Absolutely, man. Okay. So next one. You say most high net worth

people have multiple advisors, but no strategy. What do you mean when you say that? I bet you everybody

you're listening to this show can relate to this, right? You have a CPA, you've got a financial advisor,

you've got an attorney, you probably have multiple advisors in all reality. You're paying them all well.

They're all doing their job. Nobody's talking to each other. So you leave yourself in the middle

to be the quarterback, the architect of all of your financial plan. You've got to speak every one of

their languages and you're left to put everything together and coordinate all of that in the middle.

So you're sitting there wondering, is all of this working together? Did I do everything right?

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