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today we're gonna talk about how to turn the $30 a day into two and a half a million dollars if you're anything like me back in high school wealth when I played a lot of video games I always wanted to kind of plan like if I do this in the game this will count them out of it then look gaming taught me a lot whether it was runescape or Wow or halo I learned a lot at least I feel like I did from playing games but schools and games didn't teach me this one concept and if you internalize this I think if you're anything like me you'll be able to help remove some social anxiety or some personal anxiety from yourself when it comes to money which money tends to create a lot of anxiety see back in high school while playing these games I always had these plans that don't work don't worry I'll be I'll be fine because I'll either be a CEO or lydic even if that means I have to start like bagging groceries and then I'll be a CEO or I'll be a cop or I'll be a game designer like I had all these like fallbacks like ABC like this this was my plan no real particular order just I figured one of these would have to work well that even though I didn't become any of those things gave me a lot of comfort then because like it's it's just nice to think and plan like if this happens if that happens well what I'm about to share with you how to turn $30 a day into two and a half million dollars I think is gonna blow your mind and give you a lot of peace when it comes to money let's get into it you've all heard this phrase before but for one reason or the other you're failing at it Albert Einstein calls it the most powerful force in the universe and he's one of the greatest mathematicians and physicists of all time compound interest folks and there are three reasons why you're failing at it and once I explain these three reasons we're gonna evolve this topic into where you can get on the ride of turning thirty dollars into two and a half million dollars quick heads up if you don't already remember we do have a seventeen percent off sale going on for the real estate investing course in the real estate agent course so check the description join me for private live stream mentoring and our private disc or channel so the first reason why your face selling at passive income and compound interest is because well you've heard it before you haven't started if you don't understand yet the difference between farming and mining you should really check out the video that I made on the difference between mining and farming because that's going to give you the inspiration to start you'll stop thinking that in order for me to capitalize on passive income I need to be able to go from what I'm doing now to living on the beach and and sitting on the beach with a laptop and a martini is not quite right watch the mining versus farming video internalize those concepts and then come back to this video so we could show you the path you can understand the other parts of this so starting is super important but so many of us just don't start so that's number one it's starting we'll give you the path for how to start shortly the second problem with compound interests and passive income turning the thirty dollars into two and a half million dollars there's many of us just straight-out discredit compound interest we say things like well I don't want to be old and rich I'd rather live my life now compound interest isn't gonna work for me I'm too old to start this whole compound interesting I don't get it where do I get it and we have so many of these internal excuses like well I want to I want to live now I want the car I want the clothing I want the girls that's that or whatever fine like the interesting thing is you follow this path you can have more of a lot of that stuff but you gotta get on the ride you got a step one start and to stop discrediting compound interest so let's do a quick example as far as what is compound interest so if you don't already know you can understand this and then we'll get into the path and how we're gonna capitalize on making thirty dollars turn into two and a half million so here's a quick breakdown of what compound interest is and it's interesting I kind of wish I had learned this when I was playing runescape and wow at sixteen eighteen whatever but I really didn't learn this until really twenty and probably didn't really internalize it until 21 22 so if you're younger than this learning this now good for you if you're older you should probably watch this anyway just to really make sure you got it so here it is it very basic if you have a hundred dollars and we hundred dollars and doesn't matter what it is don't worry about what it is but somehow you're gonna get 5% back on your hundred dollars after one year you will be left with one hundred and five dollars that is you started with a hundred the app five dollars in extra sort of return on your hundred dollars five percent one hundred times five percent of five dollars and then at the end you were left with one hundred five dollars he then took that one hundred and five dollars and put it back out there for five percent again or sort of left it where it was the next year you would also have your original hundred dollars back you'd have that first five dollars from year one you'd have another five dollars from year two but you'd also have another twenty five cents because you're now making money on that first five dollars you earn that twenty five cents I get it it feels like a pittance it's like come on man this is a joke why do I care about that twenty five cents you're gonna see at the end of this video why that twenty five cents is getting a balloon into something really really powerful and so this internalizes don't worry about where you're getting the five percent right now I'm gonna show you let's keep going so now we know what compound interest is but now we need to know what we have control over and what we don't have control over because that's gonna help you with your anxiety or yeah what did I say if you're anything like me you're trying to minimize it just sort of relax here like it's okay we got a plan plans are good so here's your plan you got to understand what you have control over what you don't have control over there are three things in total two of which you do have control over let's start first with what you don't have control over you don't have control over the rate of return that you're going to get that's because there's risk and everything we do and your rate of return could be negative it could be better than the example we're using today it could be worse than the example we were using today but you know what we're gonna have some you know break downs at the end to show you that the odds are things are gonna be just fine for you but really cast away what your rate of return is going to be because if you constantly stress about what's my rate you'll never get started which is probably number one two and three you have control over number two how much money you're going to put into the game into the game of build passive income and into farming if you watch that a farming verse mining video this is the equivalent of how many tree seeds you're buying and planting you want more trees making you passive income you have control over that because you have control over how much you work to get those tree seeds or how much mining you do last thing you have control over is time that is how soon are you starting this obviously the sooner the better but don't feel bad if you think you're a little bit behind you can still catch up so did you write down 30 dollars a day and time because if you control that to be able to succeed don't focus on all the trash all the clutter in life that is the biggest thing that a lot of people do especially in college start breaking out the spreadsheet you're like well I want to earn a 17% rate of return and well dang it this year I'm only making a 3% so far that's it short the market sell everything I got to make up my gains and people get like super anxious and they try to make up for you know trying to catch up with their spreadsheet big mistake no no this is like almost set it and forget it not quite but almost that's what we want it's just just ride the wave folks chill out a little bit stop stressing yourself so much really let's take it easy and it doesn't matter really how old you are but because 99% of you were under fifty years old and this is perfect for you I don't really care where you are in that range if you're over fifty you're gonna have to do a little bit more mining for this to work but um you can probably still make it happen so let's let's talk about the path now how are we actually gonna make this happen the step three issue is not having a path and that gets very frustrating because we're constantly dealing with bills groceries obligations got to get the dry cleaning I drop off the dry cleaning this probably happened somebody scratched my car like life is tough we have so much going on some of us got kids some of us hasn't have multiple jobs it's like how the heck am I ever gonna have time to try to find a path like Kevin all this at your sound it's talking about like thirty dollars a day two and a half million dollars that sounds great but how am I going to actually be able to implement this that's the challenge but there's a way to do it let's give you a couple steps on how to get on the ride here the path step one you're going to take $30 every single day you're gonna figure it out somehow 30 dollars every single day so that way every Friday you could take 210 dollars and transfer it on over into like a TD Ameritrade or a Vanguard account some kind of investing account it's free to set up one of those accounts so you better not make an excuse like well that sounds complicated I'm gonna have to go talk to somebody no it literally takes like two minutes to set it up so just to do it and then what you're gonna do is you are going to every Friday you can even send it up on auto-draft like Auto Pay Auto Pay just automatically it happens pay yourself first concept $210 is gonna go into this account every single Friday then what are you gonna do that $210 over a year it's going to give you about ten thousand nine hundred fifty dollars saved up ten thousand nine hundred fifty dollars every single year put into the Dow Jones Industrial Average 30 years ago with all your dividends and stuff just kind of staying in there reinvested has turned into two and a half million dollars by the end of those thirty years now I know you're like oh wait a minute Kevin ten thousand nine hundred fifty dollars every single year for thirty years is only three hundred twenty-eight thousand five hundred dollars like that's not two and a half million dollars yes but if you took that ten thousand nine hundred fifty dollars every single year at the end of the year and and put it into the Dow Jones Industrial Average in 1989 and you just left it there and reinvested your dividends and put everything back into that account left it there for thirty years that would turn from three thousand twenty eight thousand dollars into two and a half million dollars and no don't think it's like all of a sudden you have 328 and now you have two and a half the next day you're like poor and miserable for those thirty years no no you're riding the wave and that money grows that 25 cents we were talking about earlier compound's and gets larger and larger and larger that means it's easier to afford things if you wanted to take a little bit out I don't encourage you to do that I really encourage you to just kind of leave it in there but it works and then I know we got a lot of cynics in here because I was one of those like wait a minute Kevin how are you to suggest I we're gonna see same rates of return that we saw over the last 30 years know this is valid let's talk about that so if you did the math you realize that this compounded rate of return is a little under eleven and a quarter percent with the dividends reinvested over the last thirty years you think of yourself wait a minute Kevin where's that guarantee I want the guarantee I get it I get it there is none it's a tough pill to swallow there is no guarantee but let's look at some other things that could happen if you didn't get that kind of rate of return let's do the math together let's go extreme and say you invested 30 dollars per day for 30 years and you got some ridiculous return maybe because you follow what we d and you ended up with an internal rate of return of 15% because you're using safe leverage and real estate you're buying wedge deals if you had fifteen percent rate of return you invested $30 a day you would end up with five point four eight five million dollars but that's a little you know pie in the sky maybe let's just say let's go and downwards and let's say you only got a paltry 7% rate of return which is kind of like closer to your S&P average not reinvesting dividends all of a sudden you would have one million dollars using this thirty dollar per day strategy now ask yourself how many people actually are 50 years old when they started at 20 and have a million dollars in stocks not many in fact there are a lot of 60 70 and 80 year olds that don't have a million dollars in stocks you could change that by following these steps and remember they're not that many the steps were $30 per day step one step two transfer it that's it that's it at the end of the year you can go throw it all into the stock market into an index fund like a vanguard or whatever you feel like you gotta pick one to take action all right then now let's go really low and say you've got a miserable return of just 3% like barely more than inflation you're three hundred twenty-eight thousand dollars over those thirty years would turn into five hundred forty seven thousand dollars doesn't seem like a lot more but at least you've made a return on your money rather than leaving it sitting in a bank account you master the concept of this video which is so simple put money aside park it put money aside park it that's it the sooner you start doesn't matter how small the number is you start with this sooner you start the sooner you start making that happen you will get on this ride stop stressing yourself out about what your rate of return is stop stressing yourself out about what if the market goes up or down ride the waves get on the roller coaster it's called a roller coaster for a reason let everybody else try to time the market get in and out and lose money and you take the sure bet of not worrying about the rate of return just invest in the country or areas or sectors you believe in you believe in the United States total stock market index of the United States it's a great back so if you've made it this far make sure to follow me on Instagram and subscribe for more insights and perspectives on passive income as I talked about it on Instagram I post on my stories well obviously we're gonna be posted a lot more on the youtubes regarding possible come and if you're interested in parking your money and real estate taking a stab at mining as an agent or investing in real estate join me in the course as you get private mentoring from Kevin answering your questions personally if you have questions you could also DM me on Instagram thanks for watching maybe I wasn't ready totally tricked me
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