Your money goals are too small and I will prove it to you. My name is Alex Ramese.

I want a portfolio of companies at Acquisition.com. They generate over $250 million per year in revenue. I did a book launch 12 weeks ago. I did $106 million in a weekend and I broke a Guinness world record for the fastest selling nonfiction book of all time. So in this video, I'm going to explain how you need to rethink your income, your investments and savings and timelines. And so here's the problem.

A lot of financial gurus, even people on this platform, right, and I have no, no shade, right,

we'll tell you to save $100 a month.

And they'll tell you that if you do that from the time you're 18 until the time you

retired, 67, or retire with a million bucks at a 9% compounding rate.

And that all sounds great until you realize that when you're 67, that $1 million is going to only be worth $170,000. So why is that? So just $1 in 1975,

50 years ago has today's equivalent purchasing power of $6.2. That's a six X difference in 50 years.

The main reason, inflation, the dollar. They don't make them like they used to, right? And I'll give you a hint. It goes up. So this measurement is conservative. This is based on the last 50 years, not necessarily the next 50. And so if that's the problem, how do we solve it? So this is kind of the new way I think about your goal. Let's say that you had the goal to have a million dollars. Obviously, add or remove zeros as it suits you, right? Some of you might be 10 or 100 or a billion or whatever you want. Let your heart go wild. But let's say that you wanted a million dollars when you retire, so you could live passively on 50,000 bucks a year from investing in in a bonds or something that's relatively low risk. $50,000 of passive income, oh yeah, that's only going to get you about $8,000 worth of stuff. Tough to live on that. Per year. So let's say that you were a little more ambitious and you said you wanted $4 million. If that was your goal, like it was for me, you might want to adjust it and take into account the inflationary reality. So if you want that $4 million when you retire, you probably need $24 million.

That's a big difference.

Again, that's just because you're thinking in today's dollars, not future dollars.

I want to give you some good news.

Compounding is still a thing and it still matters.

You probably just need to do more of it and do four important things. So think of this as your strategy to mitigate that so that you can actually get where you want in terms of your savings, your investment, and then ultimately the freedom that you're looking for. So consider this the new strategy. So I'll give you the quick and obvious ones that you've probably heard, but in a new way. And then I'll wrap up with what I've actually done to achieve it.

Okay.

So number one is you have to increase your income.

So a lot of people think about this in terms of savings. I think it's much more powerful to think about in terms of income. Because if you're not making a lot right now, there's not a lot of room between zero and you. There's an infinite amount above that. Let me put this in real world terms.

Even if you don't think that extra thousand bucks a month from from flipping stuff online or making content and just getting some AdSense revenue, or promoting school and online platform to help people start communities and getting commissions from that, it won't matter. If you don't do anything with it, right? But if you take that extra thousand bucks a month, which might not seem like a lot, depending

on where you're at, that work might not seem worth.

You'd be like, oh, that's a lot of hustle. I got an Uber more. I got a door dash or whatever, right? If you invest that extra thousand dollars a month in that same equation, you get $10 million by the time you retire. This is me, this is me juicy. A thousand dollars today, if you're 18 years old, is $80,000 in 50 years.

So the money that you make and spend now counts 80x. But we can't be one-sided. We also need to realize that 80K in 50 years is only worth $13,000 today. So in reality, every $1 you save today is worth $13 when you retire. So for me, this makes making that extra $200 for a gig where you do a DJ thing, right, or helping your buddy move or whatever, is actually a $2,600 investment. And it makes it far more worth it for me, or at least when I was thinking through my saving stuff when I was starting out. So number one, we got to increase income. Number two, and a kind of national leads to it to say, you got to stop spending so much money. Now, on the other hand, right, if you think the $500 belt that you want to splurge on doesn't matter, just remember that it's 40 grand in 50 years, right? And in today's dollars, it's $6,500. That $500 belt with compounding, reverse back to the present, it's $6,500 bucks. And so here's something that's even worse.

A $500 a month car payment, that's a lease.

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