Anyway, just an example, like that's just having that available cash where you can then give that to your children was very advantageous to someone like myself.

Yes, it's wonderful.

Let me dive just a little bit deeper in the 401k.

Most of them, if you're still employed, you can take a loan from them.

It's typically 50,000 or 50% of the balance, whatever's less.

Not all 401ks can, but many of them can.

It's common.

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What, what do you say to them?

So it, there's not one universal for everyone because everyone's starting from a different place.

So let's talk about different starting places and what are the different things that they can do at different places.

So what unfortunately a lot of people are missing is that help from the previous generation, our parents, to help going, and so therefore we're starting from scratch, okay? I, I started with massive student loans myself, and so h- how do you do this? Um, how did I do this? I did this by living an, at stupid poverty level and working a stupid amount.

That, that's what I did to accomplish this, okay? It's...

my story's not ready for everybody.

Um, that's not where I'm trying to go.

Mm.

Mm-hmm.

All right.

Current, uh, interest rates on loans are roughly 5.8 to 6%.

Okay, so you can grow money at 12, long-term average, yes, it can go down in the middle of the year, et cetera, okay, um, but you can borrow against it at six and invest it again.

The invest it again can be anything.

I got a client that bought a horse, okay? You could buy anything with it.

There's no restriction.

Mm-hmm

Hmm.

The, the absolute...

Why? Because they don't want to grow their wealth for their children, even though that's what the Bible tells them to do.

We should have an inheritance, not just after we're dead for our kids, but for our children's children, and today's culture is not receiving that or waiting until their parents die to receive it, and by then they're gonna be in retirement time, and hopefully they don't need the money.

And if they welt till they're retired to pass on to their kids, that causes a perpetual starting over from scratch rather than starting over with the benefit.

So part of it is our leaders are training our older generation to withhold benefit until they're dead.

And then also they don't want to be challenged themselves to grow their wealth to help the next generation when they're young.

it seems like.

is an accurate description of Tim.

Yes.

Yeah.

So you can buy a house.

Anybody can.

If they buy a home, they can then, before they move into it, they can turn it into an STR, short-term.

It's an acronym for short-term rental.

That's some crazy

Right.

And so he then takes that amount you pay off and to the next debt and to the next debt and to the next debt until all debt is paid off besides house.

For some reason, he separates house debt in that.

And then he tells people only get a 15 year mortgage and you should not have a credit score.

Okay, I'm an antagonistic to 15-year mortgages.

I like paying off houses, but it is not efficient way to deal with money.

If you go get a 5%, 6% loan on money, you can reinvest it at double digits.

So that the brain surgeon still has a higher earnings, but at least this guy's not getting robbed.

So I hear you saying these things are really good.

[laughs] They're awful.

If they, if they had just created a, even if it was still bad, but it was, like, a forced 15% withholding, and you had just had it invested in this one mutual fund- Yeah, pick one ...

even that, it would've been, like, orders of magnitude better.

[laughs] Yes.

We'd be living in paradise.

You could've just been the guy who buried the talent- Yeah ... and done better.

If you do, I did not tell you to do it