Update: How I Would Handle Every Paycheck Today

The Tom Ferry Podcast Experience

Tom Ferry

Self-improvement, Business, Education

4.7 • 1.1K Ratings

🗓️ 2 April 2026

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

13 million views. 8 years later. And it still hits a nerve. Back in 2017, Tom posted a video about how the wealthy manage their money, and the internet lost its mind. Now he's back to react to it. Not because he had to. Because he couldn't not. Most of what he said back then? Still dead-on. But some things have changed in the last 8 years. And the stuff that's changed might surprise you. This is the reaction video that will change the way you think about money — for good. In this episode, you'll learn: Why top producers get stuck in a cycle of rich and broke, and how to break it The "Three C's" quietly killing your financial growth Why 80% of agents are making a critical mistake with every commission check Tom's personal "1% per quarter" strategy for compounding net worth over 20 years Why singles and doubles beat home runs every time Ready to build real wealth? Tom Ferry Coaching members get exclusive access to Financial Foundations — an on-demand training led by Toby Mathis of Anderson Business Advisors, one of the top financial strategists in the game. This tool is only available to coaching members and is built specifically for real estate professionals ready to gain financial awareness, make informed decisions, set realistic goals, and achieve financial freedom and success! Book a free call with a Tom Ferry sales consultant to learn more about coaching and see if it's right for you. 🔗 https://www.tomferry.com/real-estate-coaching-programs/ 🎥Want to see the original video? Check it out here: https://www.youtube.com/watch?v=wJB90G-tsgo

Transcript

Click on a timestamp to play from that location

0:00.0	So here's the thing, entrepreneurs, leaders, salespeople.
0:05.0	We all want to create consistent, repeatable, and scalable ways to grow our business and our income.
0:10.0	And we want to do it better, faster, and more seamlessly. Why?
0:14.0	So we can actually enjoy our lives, take vacations, and spend the quality time we want with the people that we love.
0:20.0	How do we do all this without spending a fortune or running ourselves ragged?
0:24.5	That's the big question.
0:25.9	And this show is dedicated to the answer.
0:29.2	Does YouTube really need another reaction video?
0:31.9	I don't know.
0:32.8	But my team pulled me aside and said, would you be open-minded to watch your most successful
0:38.1	video on your YouTube channel that has 10,000 comments, most of which are very negative, by the
0:43.8	way, which I love. And it was around the conversation of, hey, how do the rich properly manage
0:49.2	their money? And I frame this by saying, having worked with so many agents, I see the disciplines that most people do, which is like they don't have an LLC, they get a check.
0:58.7	It goes inside an account and they just blow the money versus a smaller percentage of people that actually have an LLC.
1:04.7	They've incorporated themselves.
1:05.9	And they've got a way to make sure that there's a tax account, a business account, and a personal account.
1:10.3	And then what to the wealthiest people do to actually create wealth inside of their real estate
1:16.5	practice? So I can't wait to read your comments and get your feedback and perspective on this.
1:21.4	I'm sure I'm going to say something that would be controversial. I can't wait to see your comment
1:25.6	on that. So let's go back in time to 2017 and let's see what
1:28.6	Tom Ferry was thinking about, how the rich managed their money. So how many of you,
1:34.0	how many of you were raised perhaps like me where in your family, maybe there was some split
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Tom Ferry, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Tom Ferry and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.