5 Steps to Make Your Child a Millionaire (Start Now!)

25:35But even if you don't employ your child, you can set up a Roth IRA for your child as long as your child is working. So this year, how much money can you pay your child this year? I think we got up to$14 ,300. $14 ,300. And we get this question a lot. And yes, I'm glad that people are asking the question of like, the child has to be of working age. So if you have a two-year-old, that is not classified as a working age. I believe the working age is between seven to 17. And they have to be doing something that's functional. We work in a platform that actually has function, right? So for my son, right, when we actually record, he'll come down, he'll set up, he'll sweep, he'll clean the area.

26:21that is an actual functional duty that he is doing to help the business. So if you don't have a functional activity or a purpose for it, then it makes it tougher, but it has to be between the ages of seven to 17. You can't have your three-year-old perform in a function, or maybe you can, maybe you got a super child, but that's the age range. So the benefit. Okay. So the benefit with paying your child is that it's a tax deduction for you as entrepreneur for your company and it's tax-free income to your child up to that amount so if you pay your child ten thousand dollars right instead of giving them allowance right because now when you give somebody allowance that's after tax money you've already paid taxes on that money so if you've given them allowance to buy sneakers or to you know do whatever you don't get any benefit for that but as an entrepreneur if you can give them ten thousand dollars or five thousand or whatever you're giving them and it's salary.

27:20Now you get a tax deduction, right? You save money on taxes and it's tax free. They don't have to pay taxes on that income. So that's beneficial for any entrepreneur. Now where the Roth IRA thing comes into play is that you can contribute to a Roth IRA or IRA, but we'll talk about the Roth IRA for now. What you can contribute to a a raw fire rate for your child that's working up to the amount that they're actually getting paid. So if they, if they have a regular job, they work in CVS and they got paid$5 ,000, then they can have a raw fire rate up to$5 ,000. If you pay them, if you are an entrepreneur, you pay them$5 ,000 and they can contribute up to$5 ,000.

28:09Right? So the limit for this year is a 7 ,000, 7 ,000. 7 ,000. That's the most, right? So, okay, this is beneficial for people to know and understand because once again, it's just relatively short periods of time that can lead to large monies over the course of time. So if you are an entrepreneur, right, and you have a business, and mind you, you can be an entrepreneur and still have a job also. But if you're an entrepreneur, you have a business, let's say that you paid your child$7 ,000, right, for the year. now you can that's a tax deduction you're going to save money seven thousand dollars on your taxes now you can take that seven thousand dollars and put it into a rough ira now the benefit with that is that now the money is actually invested you invested in the stock market so let's just use an example.

29:04Usually working age is around 12. So if we pick the ages from 12 to 17, because 17 will be probably their last year in high school. And then, you know, after that point, they're an adult 18 years old. So you go from 12 to 17, which is six years, right? Let's say that you put$7 ,000 in to a Roth IRA every year for a child. Mind you, you're getting a tax deduction for this money anyway. You put$7 ,000 away every year for six years, right? And let's say you invested it in QQQ, right? Historically, over the last 15, 20 years, I think it's averaged over 10%. So we can use 10 % as something that should possibly be a realistic number.

29:57And that might be conservative at this point. So let's say you invested that money, 10 % a year. untouched because the thing with the IRA is that it's for your retirement, right? So when they retire, they'll have$3.5 million. So the benefit with that is that you already made your child a multimillionaire in their retirement. Now to push back for someone and say, okay, well, the child has to wait until they're 60 years old to get it. Well, my question is, if somebody had a million dollars, two million or three million dollars for you right now, and said, and you're 40, and said, at 60, you will get this money, would you be mad?

30:45And you did nothing for it, a couple of years of work when you was a child. Would you be mad at your grandparent for doing that? or would you look forward to that opportunity? And mind you, you can take money from a raw fire rate earlier than that. That's true. There's some penalties that you have to pay, but you don't have to wait till you're 60. You don't have to wait till you're 60. And again, this is a conservative number, right? So we're talking about 10%. There's years, obviously, we saw over the past three where the QQQ was trashed. The technology sector has gone up 25%. Ernest, what's up?

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33:07An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS-13 gang member from El Salvador accused of murdering a Texas man. A Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Kristi Noem, the United States Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over 100 ,000 illegal aliens have been arrested. If you are here illegally, you're next. You will be fined nearly$1 ,000 a day, imprisoned and deported.

33:50You will never return. But if you register using our CBP Home app and leave now, you could be allowed to return legally. Do what's right. Leave now. Now, under President Trump, America's laws, border, and families will be protected. Sponsored by the United States Department of Homeland Security. Right? It's going up 26%, and then it's going down to 12%. If we just take those averages over the past five years, you're talking about way more than 10%. The one thing that we know about the stock market is that it is going to appreciate 82 % of the time the S &P has increased over the course of the market's history.

34:26And so 10 % is a conservative number. So you're saying 60, but that number could hit 3 million by 50, right? And so it's all about deferring the gratification, right? Just knowing that it's there and letting it compound. Like it is the eighth wonder of the world for a reason. That money doesn't get touched, you'll be a millionaire. This is not something that's hypothetical. At that number, at a conservative 10%, that's what it's going to average. And it's one of these things that it's not even, it's just basic math, right? Um, this is, that's like life insurance is the easiest way, but this is another damn near guaranteed way to make your child a multimillionaire.

35:11Now once we get, we never said, when we said make your child a millionaire, we never said there was gonna be a millionaire tomorrow. But once again, we talk about generational wealth. So the whole point of it is that the child should be equipped to be earning money, to be doing things as an adult, right? everything that they given is extra add-ons for them. Right. So this isn't like the only thing that they should be like relying on as a 25 year old. But like I said, if you can, one of the biggest problems that we have in a society is retirement. And they're already talking about cutbacks on social security.

35:49So if you don't have to worry about retirement, how much more free? I know people that take jobs just for retirement benefits. Yep. You work a job for 30 years just because it has a good pension. Yeah. People will retire and go back to get a part-time job because they need the insurance. Yeah. Sure. And here's the thing, right? Like, yeah, 50 sounds, if you're sitting in your 20s and your 30s, like 60 sounds like a long way. Like we just, I just turned 43 years ago. You just turned 40 a year ago. At that same rate, you're still at that 10%, right? Just from those five years from 12 to 17 that 10 compounded turns to nearly 600 000 by 40.

36:28yeah like what did you get a 600 000 checker 40. i might have missed it no wasn't sitting there for you so yeah 531 000 about 40. so like i said you don't it's not like a locked up in a trust you can take money out of the ira whenever you want you'll pay you'll pay a early penalty if you take it out before your retirement. That's important to notice. But if you need money, like let's say you've got a brilliant idea, you want to start a business, then you can take the money out. It's never been taxed before. So you pay taxes on it. You'll pay a penalty tax, but ideally it's better to wait because you'll pay no tax.

37:04And like I said, keep in mind that money at 63.5 million is tax-free. So when you get your 401k, you're paying state and federal taxes on it. So your million dollars is really $600 ,000. This is$3.5 million tax-free money. So, I mean, that's just a tremendous, and like I said, for a very short period of time, you just, you paid$7 ,000 a year for six years, and that could be$2 ,000. Of course, it's going to be a lower, but you know, you could use the calculator to see, okay, if I put$1 ,000 in, if I put$2 ,000 in, if I put$1 ,500 in, right, what does that equal? But the bottom line is that relatively small amounts of money in a short, relatively short period of time equals huge amounts of money later on in life.

37:48All right. This is a fact. So that's another way. All right. So we got the life insurance. We got the IRA. This is one of my favorite ones because it's something that we actually been practicing and that is creating an UPMA account for your child, right? And UPMA stands for a Uniform Transfers to Minors Act. And this allows you to hold assets in your child's name up until 18 to 21. And this is important, right? Like we talk about investing all the time on market mondays we talk about it here on on your leisure and we're doing it for ourselves right and that's all great but having that asset for a longer term right so i'm 43 years old right if i have an account for my son and my my daughter right that account was open when he was seven and when she was 10 right i just told you about the history of the market 82 percent of the time it has seen appreciation if they start if i started investing at seven.

38:39What would my account look like now? Knowing what I know. They have the advantage of knowing what I know, plus having the time that's factored into their lives, right? So we're talking about somebody that's investing at seven. What does that look like at 40? What does that look like at 50? Now, the difference between that and UGMA, which we'll talk about, is that you can have different type of assets, right? So we're talking about cash. We're talking about real estate. We're talking about stocks. That can all be held into account. What does that mean? That means that you can manage that account again educate your kid during the process and so this is one of those things when we're talking about hey our kids know what is hot right so when microsoft is creating a product or met is coming out with a product or tick tock is the hot thing or i remember a few years when we were talking about roblox when that became a public trade company these are now conversations that we can have with our children educate them about what the publicly traded the company is, but also allow them, if they want to, to invest over the long term.

39:36Now, the beautiful thing is that at 18, they now become owners of that account. So hopefully, they've been practicing with it, right? They've been watching you invest. They've been watching transactions happen. They've been watching depreciation. I know for the past couple of weeks, we've seen some depreciation, but that's why we're talking about long-term holds. And so I know when we talk about two tech, two indexing, it says that this is why, right? If we have two tech companies and we have two indexes that track the market overall, that's a great basis to start for a child to have a long-term investment.

40:09If we want to invest in great companies, well, we have that ability to do that as well. And so what I've done is like, I'll start to match, right? If I see a good company at a good price, NVIDIA, which hit 100, not only am I adding that into my portfolio, but I'm adding it into my child's portfolio. And the fact that I have two and they can mirror it, it makes it even better because they're watching this appreciation go. The other part is the UTMA account. Now there's some differences here, right? You can put real estate, you can put jewelry, you can put commodities inside your UTMA. Your UTMA, you can only, this is key, you can only have cash, stocks, bonds, mutual funds, and ETFs.

40:48So that's the biggest difference. The UTMA allows more flexibility where you can have more different types of assets. And I know some people have collectibles that can be also passed down at 21 or 18 they now control it this is no longer something that you can manage and is handed over to them hopefully you've given them enough guidance you've given enough education enough resources to make positive decisions and good decisions inside that account because again they've had it for 10 years like i said my son was seven when he started by the time he's 18 that would be 11 years for him that has hopefully in it thus far is appreciated pretty nicely now at 18 if they decided they want to start a business this now becomes the seed for their business right if they decided they want to go to college here's startup money now that uh they can pay towards tuition or whatever their endeavor is if they decide that hey i want to take a year of that and i want to work for you and i want to use this to invest in my own form of real estate they can do that it allows your kids flexibility to have decision making power at a young age that can affect them for the long term.

41:51So those are two accounts that if you're adult and if you're watching Market Mondays and you're trading now, and this is easy to do, right? You go to your brokerage, right? There's a tab. It says, UTMA or UTMA. You can open the account. You can start deposit money into that account now, and you can invest, right? You can invest, like I said, in indexes. You can invest in ETFs. You can invest in equities. These things are how you build wealth. We talk about generational wealth. Well, somebody has to do it, right? So if you're doing it now, we might as well create the habits that can be sustained and passed down for your next generation.

42:24Those are two positive ways to make sure that you have generational wealth. That's a fact. And then there is, so we do want to talk about something that, okay, depending on the state law, the child has access at 18 or 21. So how to make your child a millionaire? This is where this comes into play, adding a trust, putting the UTMA in a trust account. So you can override that by having a trust account, right? And because you're probably not going to have a million dollars by 18, but that same rule that applied for the Roth IRA can be applied for the UTMA, right? With no restrictions as far as when you can actually take the money, but now you can actually set stipulations and restrictions based on how you want, based on the trust.

43:10So once again, for the context of this video, we're not going to go into deep detail about trust because that could be a video within itself. But there are some different types of trust that you should be aware of, but there's two in particular that are most prevalent when we're talking about these types of situations. The irrevocable trust, which is also known as a living trust. And the reason why it's called revocable is that you can make changes throughout the course of your life. And then there's the irrevocable trust, which hence the name is pretty much you can't change over the course of your life, right?

43:43So one is kind of set in stone and one is more flexible. But the benefit with a trust period is that it's asset protection as far as it takes the asset out of everybody's name, right? So it's out of your name, out of your child's name. The trust is the owner of the situation. And that's great for asset protection. We talk about estate planning for sure. But for this, for this conversation, we'll focus on rules and stipulations as far as, you know, setting parameters. So one of the, the, the, you can go back to the regular, one of the things about the UTMA that people were concerned about is like, okay, well, if I save this money and I put this and I give my child this money, well, they're not gonna be ready for the 18.

44:32And most 18-year-olds are not responsible enough to handle six figures or seven figures. That's kind of even 21-year-olds. Most 21-year-olds have enough information, haven't had enough life experience. So it could lead to making bad decisions and wasting the money. That defeats the whole purpose. So having it in a trust is beneficial because you get to dictate when and how that money is dispersed. So you can say, okay, well, the money, let's say you have$200 ,000 in it. The first$50 ,000 will be given to my child when they complete college, but they have to complete college. So if you don't complete college, then you don't get the$50 ,000.

45:23the next 50 ,000 will be granted upon, you know, marriage, right? You don't get married. You're not getting the 50 ,000. There's a provision that they can take 50 ,000 out of the trust at any time that they're an adult, if they want to start a business, but the business plan has to be reviewed by my accountant. And the accountant has to say that it's a legitimate business plan. And then they could get$50 ,000 that way. Meanwhile, this whole time, the money's still growing because it's still invested over the course of time. So that's something that a lot of parents find attractive because it provides you a certain level of authority still over the money, the access to the money, what they're using the money for.

46:08You could you could be as detailed as you want to be. Yeah, that's an important fact. Right. This is almost like putting the bumpers up. right so when we're talking about generations yes if you've taken these steps yes you're not going to be a millionaire at 18 or 21 but the steps are now being provided for you to get to that level the problem is a lot of times we see when we get money and we don't know what to do with it we we tend to spend it and be frivolous this is a system that now has put up the bumpers right so you still have to work towards something in order to have that money right which is a huge incentive.

46:42I could imagine being 18 years old and knowing that if I complete this task or if I've done this, that there's going to be that waiting for me. I mean, this is a game that the wealthy are playing that we haven't had access to, but fortunately enough, that is changing. So these are parameters, right? This is the key to sustainable wealth, putting parameters in place that make sure that you won't ruin this, right? We want to make sure that this is sustained. Yeah, so that's something that's vitally important to take and you can invest the money like you said you can invest the money in stocks you can invest the money in etfs index funds all that type of even bitcoin through the ibit um so you know you you you have different ways where you can invest the money so that's the third way that you can make your child a millionaire um now number four this one feels like it's the obvious almost, right?

47:37If we look at how wealth is built throughout America, it's built through entrepreneurs creating business and having stock in that business. The other way is owning land, owning real estate, right? Owning real estate and owning it and having it in a way that, in a manner that now becomes beneficial for your children is number four, for sure. But it feels like it's the obvious way that most people build wealth in our country. and we've seen that over the history right from reconstruction to the industrial revolution uh to post-war to redlining we've seen appreciation in homes over time being passed down to families has created wealth not only for the the owner of the home but for generations of families uh thereafter so let's talk about some ways that can benefit your children yeah real estate so i mean real estate is pretty self-explanatory as far as if you're a homeowner or if you're a real estate investor.

48:28But you can, going back to the trust, you can buy real estate in a trust and have your child as the beneficiary of the trust. So you can buy real estate in all kinds of purposes for your child, right? In the trust. And once again, you can utilize that as leverage later on to A, have them own the property outright, or they can take over as far as rental income. So let's say you have a real estate property that gives you$2 ,000 a month rental income, you can say, okay, when my child turns 25, they will be the recipient of that income, but they have to be the landlord on the property. And these are the listed things.

49:20They need to check on the tenants. Now you're actually helping the child learn real estate in real time because it's like, okay, now this is actually a job for you. So you are going to receive the rent or part of the rent, but part of the stipulation for you receiving part of the rent is that you need to collect rent. You need to talk to the tenants once a month. You need to check on the property once a month. So now you've actually grooming the child to be a property manager and to learn about real estate in real time, you're forcing them as opposed to them just collecting rent, you know, and not knowing anything, right.

49:53That's not really helpful. Like the more you learn, the better you'll be. So structuring your real estate purchases, especially for real estate investors, having, you know, a property to, or how many you want, um, in that trust for the child to actually be the owner in a set point or to be the beneficiary as far as rent or have some level of control, that's helpful. It's beneficial as well. So that's another way as far as you grow money with stocks, but you also grow money with real estate. And you can buy property. You can actually buy property in the UTMA account as well. That's what I'm saying, yeah.

50:30But you can buy property for your child, just like you could buy stocks for your child. Yeah, and that's the beauty of the UTMA is that it allows diversified assets. We talk about stocks, we talk about bonds, but it also allows you to have the real estate piece. So those REITs, you can put them in your portfolio. You can put them in your child's portfolio. So whether it's, I know a lot of Simon Properties is a huge one, PK is another one, Crown Castle has been one that's performed well. All those REITs can now sit inside your child's portfolio and watch that appreciation over the time. And that can be passed down and passed down.

51:01So these are the ways when we're talking about, yeah, if I can't buy a home, well, you don't have to buy a home, right? That'd be great if you could have land ownership, but there's other ways to own real estate that we need to take advantage of. Yeah. And that's the good thing about real estate is that, like I said, especially if you're an investor, you can buy, let's say you're buying a$200 ,000 condo as an investment property. So you buy a condo and the trust owns it and you're the owner of that property as far as like when the rental income comes, you can stipulate from the trust that you actually get the rental income.

51:35So now every month you're getting rental income over the course of 25 years, right? But what also is happening over the 25 years is that the property is appreciated. So you're benefiting in your lifetime or as long as you want because you're actually, you bought the property and then you're actually getting rental income from the property. Now the property is actually increasing over the course of time and it's in a trust and And it's designated to go to your child at set age. So now when the child, let's say that$200 ,000 property in 20 years is now worth$500 ,000. So now the child at that point in time is handed the property.

52:16But you've collected rental income all this time. What you can also say is that part of the transfer is that we have to do a refinance. And I'm going to take$200 ,000. You're going to refinance the property. and there's probably at that point in time there's$300 ,000 of equity in it. So$200 ,000 is going to be paid to me. Why would you do that? Well, you've paid yourself as far as what you actually have paid into the property, right? And so you won two ways. Let's say you, I'm just using a cash example. You paid$20 ,000 cash for this property and you're getting$2 ,000 a month. So you've gotten$2 ,000 a month for 20 or 30 years.

53:03You won in that scenario because you've had income coming in every single month. And then you're getting your$200 ,000 that you paid for the property back before you transfer ownership to your child. So your child is still benefiting because they're receiving an asset. And their rent is probably now$4 ,000 a month. So even though they're refinanced, the refinance is probably like$1 ,800 a month, but they can cover that from the$4 ,000 a month rent that they get. So they're still netting, they're still netting$1 ,200 a month tax, not tax fee, but they're still netting$200 a month. And they now have a property that is worth$500 ,000.

53:42So in that scenario, nobody lost because you didn't lose any money. You actually made money from the rental income and you got your money that you paid for it back, but you also left something to your child. Well, that's even better than the stock situation, because in the stock situation, you're just putting money into stocks. You're not getting that money back unless you put a stipulation in the trust that, okay, I'm going to have to take money out of your brokerage account. But in this, which you could do that if you want, but in this situation, you actually got all the money back. You made money, the child's making money on a rental and they have an appreciating asset.

54:17So there's different ways that you can go about it. But before you set up a trust, of course, you have to talk to a lawyer. That's important. So, you know, seek legal counsel. See which trust is best for your situation. But, you know, this is the kind of give you some ideas. I mean, it's important, right? Setting up a trust, having an attorney, setting up an estate plan is important. And that can be expensive, right? Like that's something that people like it sounds good. But you have to prepare for that, right? Like I know I just did one for my family. You did one for yours recently as well. Yeah, it cost us a couple thousand dollars, but we were prepared for it.

54:52But it's important to lay the guidelines down because, yes, I mean, we've done pretty well, but he wants to make sure that his grandkids and his legacy is continued on. I think the interesting part about what you just explained is that the same thing that you just did, your child can now do for their children at less of a cost, right? Because if it costs you the$200 ,000 up front, 20 years of rental income to get it back, well, they didn't have to go through that part. they've skipped that part they've jumped into the equity play and now that can be passed down because the one thing we know about property is that it's going to go up right the cost of living has gone up every year for the past 10 years and so that's going to continue right the amount of land that's available to be built on especially in the uh environments that that we live in is becoming scarce right and so property values go up comps are going to go up that now creates another chain of success for your children but for that for your grandchildren as well and their children now after that yeah okay so the last one that we'll talk about is stock gifting remember that post you put up like that was years ago when we like yo instead of at a baby shop getting gifts we should be brian stocks that really didn't pick up people really didn't take advantage of that but that that's one of these things right like if we know the advantage of investing in the market and we have a child that is coming into this and it doesn't even have to be a baby shower.

56:19It could be any type of holiday. It could be a birthday. It could be Christmas. Yes, it's cool to have cool toys and have nice items. But the one thing we know about those items is that they're going to hold no value after we open and they're not going to appreciate it in time. Even if it's a collectible like a sneaker or something, a child that's seven, eight, they're wearing that shoe and they're going to wear that thing to death and it's going to be worth nothing after it was purchased and worn. whereas if we put it into an investment like a stock or an etf on index we know long term that that's going to appreciate and so we need to get in the habit of at least thinking that way right we can now gift an asset that's going to appreciate over the course of someone's life uh and even if they don't know i think that's the perfect part of it a lot of times and we've seen people be gifted stock and they're like what is this what do i do with this it now becomes a teaching lesson again, right?

57:11You always have to have an inflection point in any point of education. The fact that you've done something that is completely different than buying a PlayStation, right? Maybe you buy Sony stock in addition to it, right? So now it's best for both worlds. Well, here I invested in the actual item, but here we invested in the company too. Here's why we did it. And here's how long you're going to hold it. It's an inflection point now to increase the intelligence of a child that, you know, that becomes contagious, right? The kid now gets to explain to his peers and his cousins and his friends what happened.

57:42And hopefully they explain to their parents that that's how you build education in a community. But I digress. Yeah, for sure. And, and the IRS allows, um, tax-free gifts of$18 ,000 a year. So we have never really talked about gifting too much, but, um, you can gift$18 ,000 a year tax-free. So we talked about the tax benefits as far as, you know, if you're a self-employed person, but this is another way to kind of, for tax purposes, benefits is, you know, when you talk about stock gifting, the tax aspect is a major part of it. So this is a, you can, you can gift tax-free up to$18 ,000 a year. Right.

58:26And it doesn't have to be just stocks, but we're talking about stocks right now. So that's the main focus, but it's the same principles that apply when we talked about all that other stuff, right? You can literally take$10 ,000 a year and gift it to your child or to your grandchild, and that's tax-free. And that same compounding interest growth will occur. So that's another benefit of gifting is the tax aspect of it. Like that's a great way to utilize the tax system in America and to still benefit the next generation. Yeah. And somebody's going to ask, well, how do I gift it? It goes back to the third way that we said that you can create a millionaire situation for your child.

59:19Open up my account. Right. That up my account is super important. again for the tax purposes. But again, this is now something you can put assets inside of, whether it be collectibles, whether it be real estate, whether it be IBID to invest in Bitcoin. This is a definite must if you're trying to build wealth for your children, right? You have to have an up-to-date account. In fact, I encourage everybody, after they watch this video tomorrow morning, go to your brokerage account, whichever one you use. And I've done it on each one of them. So Fidelity has it, Schwab has it, E-Trade has it. open an UPM account and just open it, put$500 in there.

59:56And the same way we talk about dollar cost averaging, right? This is another key thing. It's the same way we talked about dollar cost averaging. Make sure that you have a plan into putting money into that UPM account. Don't just leave it at the 500 that you did to open it and thinking that it's going to grow. We told you the threshold from a tax standpoint. We told you the things that you can invest inside of it. Make sure that there's a plan to put assets until it can accumulate to something that's gonna be worthwhile in the future so there you have it it's five ways you got life insurance Roth IRA UTMA trust account real estate and stock gifting and once again this isn't something that you don't you're not making your child a millionaire tomorrow but within their lifetime if done correctly just one of these can make them a millionaire and now if you do multiple you can, one of them can make them a multi-millionaire.

1:00:48If you do multiple of these, then they can become extremely wealthy. You can set your child up to become extremely wealthy within their lifetime. That might be at 40, that might be at 60, but the whole point is that it's a marathon. So you can set your child up to be wealthy in their lifetime by taking steps and actions early on. This is a fact. This is a fact. There's going to be two types of people in the world. The bosses and the people that work for them. Decide why. And another great resource, personal finance, is this book right here. You Deserve to Be Rich, New York Times bestseller. So I highly encourage everybody that's on a pathway to figure out finance, to learn about investing, to try to just become a better person when it comes to money.

1:01:38that is the blueprint that you can follow step by step in detail. So the book is available wherever books are sold and there's an audio version as well. So you deserve to be rich. Change the game. Personal finance. Yeah. Investing, entrepreneurship, mindset, variety of different things. Cop it, share it, tag us. I love when people tag us when they're in the bookstores and they're purchasing it. I love when people are purchasing it for other people and tagging them. It's definitely a game changer. I think I'm going to go in a bookstore and just start signing. Do I have to purchase anything if I just start signing the ones on the shelf?

1:02:17It kind of adds to it. It's like an autographed copy. Maybe. Maybe. Yeah. I'm going to do that in New York. I'm going to do that in a store and just let people know that the books are signed here. Come pick them up. Run it up, y 'all. We appreciate all the love for it. New York Times bestseller is not an easy feat. it's not something that happens every day, but it doesn't happen without y 'all. So we appreciate the love and support. Appreciate it. And once again, ianinvest.com. Yes. There's 24 hours left. There's one day left. 50 % off the stocks, stock club and three years of sniper. So you can go to ianinvest.com.

1:02:51Take advantage of that. And that's it guys. That was love. We'll see you later. Peace. An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS-13 gang member from El Salvador accused of murdering a Texas man. A Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Kristi Noem, the United States Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded. And over 100 ,000 illegal aliens have been arrested.

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1:04:14It's the true story of protest and rebellion in Black American history that you'll never forget. I'm Hans Charles. I'm Menelik Lumumba. Listen to The A-Building on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Black history lives in our stories, our culture, and the conversations we still have in today. This Black History Month, the podcast I Didn't Know, Maybe You Didn't Either, digs into the moments, perspectives, and experiences that don't always make the textbook. Let me tell you about Garrett Morgan. Bruh had to pretend he didn't even exist just to sell his own invention.

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