July 6, 2025 • 41 mins
He's back.
After six years off the mic, Rondi Lambeth returns with a raw, unfiltered episode you don’t want to miss. From nearly dying in a hospital bed to building multimillion dollar businesses, Rondi shares his real story with zero fluff and full transparency.
He dives into how he rebuilt his life using advanced credit strategies, legal tax loopholes, and powerful mindset shifts. You'll hear how he overcame personal and financial breakdowns and how you can do the same.
This is not just a comeback story. It’s a roadmap to financial freedom, credit repair, tax strategy, entrepreneurship, and mental toughness.
If you're ready to stop living paycheck to paycheck and start building real wealth, this is where your journey begins.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Hello and welcome to the show. It is so good to be here with
you and back in the studio lateron the show.
You're going to you're going to understand why I say that
because now when someone asked me how my day is going, I say
absolutely incredible. It is good to be alive in a few
minutes you're going to find outwhy I say it like that.
But anyway, hey, I'm Ronnie Lambeth and I am the host of
(00:22):
School of wealth. This is my first episode that I
have done now in almost six years.
I started the The radio show started out as a radio show in
San Diego on 1210 AM KPRZ. It's the oldest radio station in
San Diego and I started out on aSaturday at 10.
AMI had a Saturday show from 10:50.
(00:45):
And again, this was back in 2011, still in the middle of the
2008 crash. And the show was called Your
Credit Matters. And as you can probably expect,
the show was an instant success because people were still
dealing with the 2008 crash. And then within about 3 to 4
weeks of the show going live on Saturday, this, the radio
(01:09):
station came up to me and said, hey, how would you like to have
a Monday through Friday during drive time?
6:00 PM Yeah, 6:00 to 6:30, Monday through Friday.
I'm like, absolutely, yes. Later on I found out that you
could be at that radio station for 20 years and not get that
spot. But because so many people were
(01:30):
calling into the radio station thanking them for having me on,
talking about credit and money and taxes and how to avoid
bankruptcy and how to stop garnishments and levies and
judgments, that they thought it was their civic duty to let me
be on Monday through Friday. It was great.
(01:51):
And I did that from 2011, like February 2011 until July, August
2019. Almost 8 solid years, six days a
week. I got to tell you guys, doing a
radio show six days a week for eight years takes a lot, takes a
(02:11):
lot out of you. And so my last episode that I
recorded of School of Wealth wasI, I think it was like July,
August 2019, something like that.
So it's good to be back in the studio now.
Where have I been? Well, a lot of things has
happened. A lot of things have happened in
my life since August 2019. And that is I got divorced in
(02:34):
July 2019. Then in August 2019, my business
partner of almost seven years took all of my best, best
producing salespeople and went went down the street, opened up
a new company with a website that looked pretty much like
mine. Same color, same design, same
(02:56):
everything. Took my staff and started a
competing company. And then in 2020 or shortly
after that rather, I had a pulmonary embolism.
So I spent almost two weeks in the hospital in the ICU with
pulmonary embolism, and then that took about a year to
recover. And then 2020 during COVID when
(03:19):
the world was falling apart, finally got approved.
After waiting five years for theCDC to approve this experimental
treatment. I got to fly to Atlanta, GA,
have my blood genetically modified, which cured me of five
strains of Lyme disease and Babesia and a type of malaria.
(03:41):
So 2020 was a hard year for me, not just because of COVID, but
because of just recovering from the pulmonary embolism and then
Lyme disease, Babesia and Mycoplasma.
And then right around August 2021, I was fully recovered from
Lyme disease from the pulmonary embolism.
(04:03):
Life was going good. I bought my farm in Idaho and
guys, I started having PTSD moments.
You know, I've had PTSD now pretty much my whole life.
It started when I was a child. I think the first person, I
think I was third, second or third grade.
(04:23):
First time I ever saw someone killed was sitting out in the
front yard in Caldwell, ID, which is just West of Boise, ID.
I was sitting there with my brother Jeremy.
He's 10 months younger than me, so he and I share the same age 2
months out of every year. It's kind of fun if Jeremy was
(04:44):
sitting here talking with me andmaybe I'll do that one day.
I'm I'm told that we sound very similar.
In fact, I used to call his girlfriend all the time and he'd
call my girlfriend when we were in high school and play with
them and and have fun. So anyway, him and I were
sitting out in the front yard inCaldwell, ID, and the neighbor
(05:05):
pulled up, got out of his car, which was kind of odd because he
didn't pull into the driveway. He pulled up in front of the
house, got out of the car, went up, knocked on the door.
Which also is odd, right? Why would you knock on your own
door? Apparently his wife, who by the
way, was having an affair, had changed the locks, and so that's
why he had to knock. And so the boyfriend comes up,
(05:30):
came outside, started puffing uphis chest, you know, doing the
thing, and the neighbor pulled out a gun, shot him and the wife
in the face, killed both of themright in front of us.
I'm like in second grade. Jeremy's in first grade.
I think that's probably when thePTSD started.
(05:51):
Maybe before that, Maybe it started when I was five years
old and my mom forgot to shut the passenger side of the F-150.
And then put me in through the driver side after going into the
grocery store, put me in on the driver side.
(06:13):
So she opened the passenger sideto let me out but never shut the
door fully. Then put me in on the driving
side and was driving down the road, went around the corner,
door flew open and out I went flying.
And as you can imagine, at 30-40miles an hour, I didn't break
any bones, but I ripped all the skin off of my face, my hands,
(06:36):
my arms, my legs. That could have been the first
PTSD, or it could have been whenI was 11 or 12 months old and my
mom left me alone and I crawled out of the crib, climbed up into
the sink, turned on the water toget a drink of water 'cause I
was thirsty and mom was not there.
(06:59):
But what I didn't know as a babyis my dad had removed the
regulator to the water heater because he didn't want to have
to boil his water when it came out of the sink and put it on
the stove like a normal human being.
He want to be able to take it out of the sink boiling and put
(07:20):
his potatoes in it because of the After all, I'm from Idaho,
you know where the potatoes are made.
So as you can imagine, I got up in the sink, turned on the
water. Next thing you know, I have no
skin left on my left leg from myknee down.
I spent the next six months laying in a burn center as
nurses scraped the rotting fleshoff of my leg in an attempt to
(07:43):
save it. That's probably when the PTSD
started. And then it just got worse over
time. So in August 2021 I started
having episodes. I used to have like 1 episode a
year, not bad, I had it pretty much under control.
But in August 2021 I started having 10 to 15 episodes a day.
(08:11):
So I reached out to my friend Larry Yacht and Larry had been
for the last five years had beenhelping veterans cure their PTSD
with, with treatment, whether itwas mushrooms or Molly or
ketamine or LSD, depending on what you muscle tested for.
(08:36):
He was able to take your PTSD oflife and instead of doing 4050
years of counseling in a three to four day period, completely
wipe it out. And he'd been trying for me to
do, trying to get me to do this with him for years.
I'm like, look, do it. I'm fine, right?
I couldn't take it anymore, so Icalled him up like I need to get
(08:57):
in. So in August 2021, I just
bought, bought my farm in Idaho.Life is going good and other
than the PTSD. So I went up to Salt Lake, went
to Park City actually, and went through the treatment, took the
acelecitum. I know I can't say that I have
a, a twisted tongue. I don't know if you've or tied
(09:20):
tongue, rather I don't know if you've ever heard about it tied
tongue where there are certain words that I just cannot
pronounce. My sister's tied tongue was so
bad, she actually went and had surgery and they cut the bottom
of your tongue and then you can say certain words, but there's
certain words I can't say. So silicidum or whatever it is,
but it's mushrooms. So I took that and for the next
(09:44):
three days Larry re helped me through my effort as well to
reprogram myself, my self-conscious, reprogram my
mind, created a new program, a new operating system for me to
(10:05):
operate on and in three days almost my lifetime APTPTSD was
gone. If you never done this type of
therapy and you have PTSD from whatever type of trauma, maybe a
car accident, abuse is a child abuse is a an adult military,
(10:28):
police fire. I recommend that you talk to a
professional, somebody that specializes in doing this type
of therapy because it made a bigdifference in my life, such a
big difference. And I felt so good after doing
this that Larry asked me. Larry is A202425 year veteran,
(10:49):
Navy SEAL, extraordinary. He ran the largest military
operation in Iraq, largest military operation in the world
since World War 2. But it happened to be in Iraq,
so very decorated military guy. And after my PTSD therapy, he
said, hey, I know you're a pilotbecause I'm a pilot.
(11:10):
He's like, I just got into paramotoring.
Would you like to learn? And I'm like, well, if it's got
a motor and it's got a wing, I'min.
I love flying. I've been flying since I was 17
years old. At 17, I joined the Army
National Guard and my unit was amedevac unit.
So I spent 15 years on a medevachelicopter for the Army National
(11:30):
Guard. So I love flying.
And then 2013 I got my private license, bought my own private
plane and I love it. So anything I can do and
unfortunately though I think I'mstill under the influence of the
mushrooms maybe. And I had an accident on my my
(11:53):
second flight. I had an engine failure,
surprising it was a brand new engine.
If you want to see a video of such flight an engine failure,
it's actually on my Instagram page.
You can go to instagram.com/rondi Lambeth and
it's one of my pin videos. There is September 2021, so
(12:14):
should be pinned, but if it's not, just Scroll down to
September 2021. So I take off, It's a beautiful
day. It's sunny, a little breezy.
Breezy's bad when you have a when you're paramotoring, but it
wasn't bad yet. And it was going to be the very
last flight of the morning. And then we're going to go back
(12:36):
to the Airbnb, take a nap, come back in the afternoon.
See, I wasn't supposed to fly that morning at all, but every
single person before me crashed.Now, when I say crash, they got
like 5 feet off the ground and stumbled around or they couldn't
get off the ground, they fell down.
And so the flight instructor is like, hey, we got room since no
(12:58):
one else flew this morning. If you want to do it.
And I love flying. So I'm like absolutely, I'll do
it. So I get all strapped in, I
launch, I'm 300 feet up in the air, go to strap in my seat
completely. So what I was in was called a
para motor. What I was flying was a para
motor, which is basically a lawnchair that you have strapped
(13:22):
into this harness. And on the harness is a lawn
mower engine with a carbon fiberpropeller and you hold on to a
really big parachute paramotoring.
So it's not really, you're flying, so you're not really
parachuting, but you're using a parachute as a wing and a
(13:43):
lawnmower engine as the engine. And so at 300 feet, the engine
quit, it died, not a big deal. I'm a pilot.
I've landed, I've been trained, I know how to land without an
engine. In fact, when you fly the para
motor in the beginning, you turnthe engine off and you land
without the engine. So it's not a big deal.
(14:06):
The problem was remember when I said it was a little breezy?
The problem is is when I went toland the wind had shifted and as
I was when I once I get to 30 feet I went below the building
which why we are flying there. We should not have been there
(14:27):
but I didn't know any better at the time.
The instructor should have knownbetter but as I come down to 30
feet I dropped below the building so it blocked the wind
and my parachute inverted and I fell 30 feet with 100 LB motor
and pack on my back and when I hit the ground it hurt.
(14:49):
Hurt a lot. You can watch the video and you
can hear what I said. My right foot hit the ground
first, it separated my foot frommy ankle.
It broke my ankle in half, and then from my knee to my ankle,
it shattered everything. So I now have two plates holding
my tib fib together. I have 4 bolts holding my ankle
(15:10):
together. And now almost four years later,
I still have pain almost every day when I walk.
But it's getting better. I can run a little bit, not
much. So that was 2021.
Another reason now I'm getting to why I haven't done a podcast
in the last six years. Hopefully I'm not boring you.
(15:32):
So Fast forward, I recovered from that it, it took a year
before I could really walk. I spent about six months, 5 1/2
months in bed, wheelchair, the whole thing.
And then eventually I was able to hobble around.
So but because I'm a biohacker, I've been biohacking since I was
a kid, I was able to recover much much faster even though I
(15:56):
still have pain now almost four years later.
The doctor said that I wouldn't even be really be able to walk
for at least 18 months. And I I showed him that that
wasn't the case that I did some biohacking.
I did ozone therapy, I did peptide BPC 157 is amazing.
I did oxygen therapy, acupuncture, post electronic
(16:20):
magnetic fields and some other stuff.
So healed up very much faster ifyou will.
So Fast forward, my life is going good, things are well and
starting to feel the effects of COVID.
You know, my main business was acredit repair business, paper
(16:41):
per paper delete where clients would hire me, I'd fix their
credit and then bill them later.That's my main business.
It was my main business, at least at the time.
So you can kind of imagine that if 100% of the people who hired
me did not pay their bills, American Express, Bank of
America, Chase City, Discover, what do you think the likelihood
(17:04):
is they're going to pay me? It's about 50%, which I'm good
with that. I could handle 50%.
I knew that going in. But when COVID hit, it went to
about 15%. And to keep the company alive, I
use my own money to pay the salaries for my 50 plus
employees. And the stress got to me.
(17:28):
So much so that in November 2023I found myself laying on the
same bed at the same hospital that my mother had laid on in
June of 2023. See, in June 2023, my mom had a
(17:54):
massive heart attack and died. June 2023.
June 25th, 2023 and I found myself laying on that same bed
in the same hospital with the same surgeon operating on my
heart. November 25th IN2023I suffered
(18:18):
from what's called a SCAD, Spontaneous Cardiac Artillery
Dissection. SCAD for short.
Less than 100 people a year suffer from a SCAD.
Primarily it's teenage girls in labor because their body isn't
quite ready to have a baby yet and they're pushing so hard they
(18:39):
separate the arteries in their heart.
Usually it's sudden death for men.
For me, it was like any other day on a Saturday.
I got up, had sex with my girlfriend.
It was amazing day. Went to breakfast.
After breakfast, walked on the Greenbelt in Boise, ID along the
(19:00):
Boise River. It was like 68° in November.
It was absolutely beautiful. As we're getting into the Jeep
on the way home, she says, hey, her name's Amanda.
She goes, Ron D, if anything ever happened to you, where
should I take you now? She did not grow up in Boise, so
(19:21):
she didn't know where the hospitals were.
The urgent care, she was from San Diego, and she just moved in
with me. And I said, it's right there.
The hospital's right there. We're literally across the
street, as in like the residential street.
I said, that parking lot right there, that's the hospital.
She goes, OK, I just had this weird feeling like, you know, in
case something happened at the farm with the chainsaw or
(19:43):
something that 'cause I, I didn't have heart issues, I was
extremely healthy. In fact, in November 2024, I was
supposed to climb Mount Everest.So I was very fit and very
healthy. Cause my Lyme disease have been
cured. My pulmonary embolism is gone.
The Babesia was gone, the mycoplasma was gone.
(20:05):
I was doing well physically. So we get the Jeep, we drive
home, I walk into the kitchen, Itake my water bottle, I take a
drink, and instantly it felt like someone's ripping my arms
(20:26):
off and crushing my throat. I fell down.
I got up at that point. She heard me fall.
She came downstairs. Are you OK?
I'm like, I don't feel very well.
And within about 30 to 45 seconds she goes, how about we
go to the drive to the hospital?Fortunately for me, she did that
(20:49):
because if she wasn't there, I probably would have sat down on
the couch and died. I said OK, So I got in the Jeep.
I got in the passenger side. If you know anything about me, I
always drive. So I got in the passenger side,
she said. We made it about a half a mile
from the house, and the hospitalis only four miles away.
Made it about a half a mile fromthe house, she said.
(21:10):
I just kind of slumped over and turned Gray.
So she kicked in OverDrive and drove almost 100 miles an hour
to the hospital, and within 30 minutes I had somebody inside my
heart operating to repair the arteries.
I had two arteries that just spontaneously ruptured.
It's called a SCAD, spontaneous cardiac Artillery dissection,
(21:33):
and it says it was either causedfrom stress or exertion.
And I didn't have any exertion. I was sitting in my kitchen,
just took a drink of water. The my workout earlier that day
was just walking my dog was no big deal.
And the surgeon said I was luckyto be alive.
Like, good thing I went to the hospital immediately because if
I would have been, if I just saton the couch for another 5-10,
(21:55):
oops, excuse me by 10 minutes, he said I wouldn't have made it.
I'm 52 years old, dead. That was rough.
I've been in four shootings in my life because I spent 15 years
on a medevac helicopter and military, 11 years as a fireman
on the busiest rescue in Denver.I was the first responder at
(22:18):
Columbine High School, shooting in April 2020.
April 20. April 20th, 1999.
So I've I've had my fair share of near death experiences.
I had two auto rotations in the military where the engine quit
on the helicopter. I had an engine fail on me while
(22:40):
flying a plane that I rented. But this, this one, really this
one slowed me down guys. It slowed me down because my mom
had just died a few months earlier from a heart attack and
mine was caused from stress, stress that didn't need to be
there. See, in 2007, I started credit
(23:01):
repair company and it became themost successful paid on
performance credit repair company in America.
I was brought in, I paid 10s of thousands of dollars to speak at
events including Harvard. I've spoken three times at
Harvard. I've helped hundreds of
thousands of people go from a 400 credit score to an 800
credit score, and I've made 10s of millions of dollars helping
(23:22):
these people with this truly making a difference in their
lives. And I invested almost all of
that money because see, I grew up really, really poor.
I've never been a spender. Yes, I have a plane, yes, I have
a Ferrari, I have expensive things, but I wasn't a spender.
Like I didn't just spend money like Gucci clothes and just to
(23:45):
go spend it, I bought investments.
And so most of that money that Imade over the last now 18 years
with the credit repair company, I put in apartment complexes in
real estate. So that stress that caused the
heart attack, I didn't need it because I had enough money to
pay all of my bills for the restof my, my life.
And so I, I spent a lot of time sitting on my back porch looking
(24:09):
at the lake and my dog sitting there next to me figuring out
like, what is it that I want to do the rest of my life?
Like I don't have to be doing stress with 50 employees and
dealing with 10s of thousands ofpeople that are broke, that are
getting sued, that have garnishments and judgments and
they're losing their house and their cars and just all of it.
(24:29):
I'm a little empathic and so I was taking that stress on and I
was feeling I was absorbing their emotions, if you will.
And so I made a choice in my life that I was going to change
my life, not my diet, because mydiet was incredible.
I think that in fact the surgeon, when he was inside my
heart looking at it, fixing it, he said you have no plaque, you
(24:53):
have no build up. I don't understand why you had
this massive heart attack. It doesn't make sense other than
it's a SCAD and scads just happen sometimes.
Great. I think it was God telling me
like you need to change things. So I changed some things.
(25:15):
What I've done is I've changed my paid on performance credit
repair company into an AI assisted credit repair.
Instead of you paying me three $4000 to fix your credit, now
it's 3995 a month, $39.95 a month and that includes the
credit monitoring service. So the same software that I've
used now for 18 years with AI now attached to it, instead of
(25:38):
you paying me 4 grand for me to do it.
It's 3995 a month including the three Bureau credit monitoring
service. You log in, you put in your
username, password, upload your driver's license, click a button
that says create credit repair letters.
It downloads your credit report,reads your credit report, finds
all of the errors on the credit report, creates custom unique
(26:01):
one-of-a-kind credit dispute letters based on your credit
report, and then you simply print them and you mail them off
and then 30 days later, you should see a big difference in
your credit score. Most of our clients now with us
three months at maximum six months.
Whereas if you hire a credit repair company, you're with them
(26:21):
612-1824 months. See when we did paper delete,
same software guys, same software.
You were with me 3 months, but Idid all the work and I took on
all of the responsibility. So I changed that.
Now it's 100% AI assisted. I doged almost all my software.
(26:44):
I cut almost $75,000 of expensesout of the company, laid off, if
you will, all of my sales staff because I didn't need the
salespeople anymore. Cancelled all my Facebook ads.
And then I thought, what is it that I really want to do?
What is it that I really enjoy? And you know what it is, I love
helping people maximize their credit, which I take care of
(27:06):
that with Credit Mojo AI, minimizing their debt, which we
take care of that with Fortress debt Settlement, and then
minimizing their taxes, which I do through M23, which is my
other company. See, since I was 17 years old,
I've been on this mission to literally pay as little in
income tax as possible in my entire life.
(27:29):
I'm 53. So since 17 years old to 53, I
paid less than $50,000 in incometax.
I've made 10s of millions of dollars, sometimes per year, and
I paid less than 50 grand. And I've done that because of my
(27:50):
mentor, Wally Williams. See, Wally Williams was the
first man to believe in me. Wally Williams was a little bit
of a psychopath. Wally Williams was a man that
would lose his temper for no reason that we could figure out.
(28:12):
He'd punch holes in walls. He'd throw things.
He'd hit you with things if you were close enough.
So I went to work for Wally whenI was 16 1/2 ish.
And how I ended up in John Day OR where Wally was a very
successful, powerful man, one ofthe richest men in the area.
(28:35):
How I ended up there was when I was 15 years old I left home and
I left home because I got tired of being beat up everyday.
See, my stepdad Paul was also a psychopath.
Multiple personalities spent time in prison for murdering
(28:57):
someone. He was 30 years older than my
mother. When my mother met him, she was
in her early 20s with four boys.He was 56.
We were on welfare living in Section 8 housing.
We had no car. She met Paul one day when we are
(29:18):
walking home from the grocery store, hitchhiking, carrying
bags of groceries that we had just bought with our food
stamps, and he pulled up in a wagon pulled by a team of
horses. This was in 1980.
Let's see, I was 12:00-ish. No, I was 10, so 1981 ish.
(29:40):
There were cars, but he went everywhere in a horse and wagon.
That was his thing. He was, he was mentally ill.
He was a psycho, spent time in prison for murdering someone.
So he pulls up and he's like, hey, you want a ride?
Absolutely. So we climbed on the wagon.
Next thing we know, we're movingout of Section 8 housing into
(30:02):
his house, which was a shack. No running water, no
electricity. We had to give up our food
stamps because he was not going to be on government assistance.
And instead of buying the groceries at the M&W in Parma,
ID, we would go there after school and go through the
(30:23):
dumpster to see what they threw away, to see what we could eat
for dinner. And I lived that way for five
years. If we weren't living in the
shack in Parma, we lived in the Sawtooth Mountains hiding out
primarily from social services because he would beat us so bad
that somebody call social services and they would come
(30:44):
looking for us. So at 15, I made one of the
hardest decisions of my entire life and that was I need to
leave because one or two things was going to happen.
Either Paul killed me or I was going to kill Paul.
See, my brother Jeremy and I hadthe 10 month younger brother.
(31:05):
We'd already made an agreement. The next time that Paul started
hitting one of us, the other oneis going to come up and hit Paul
over the back of the head and wewere going to beat him until he
was dead and then we're going todig a hole and bury him.
We had the whole thing planned out, 14 to 15 year old.
It would have been like the Menendez brothers, except for we
had documentation because socialservices had tried to take us
(31:28):
away many times. So at 15 years old, I left my
siblings. And why the decision was so hard
was not because I was worried about living on the streets or
not, because I was worried aboutno food or being beat up.
I was used to dealing with that.I was.
(31:50):
It was a hard decision because Ihad to leave my siblings.
See, I'm the oldest, 13, and I knew if I left, the beatings
would not stop. It would just stop for me.
It would start happening to them.
So I left with a mission to become extremely wealthy.
I want to become a millionaire so I could come in and save my
my siblings. So I couch surfed a little bit.
(32:13):
Eventually I ended up in John Day, OR which worked for Wally
Williams, 16 1/2 years old. At 17, I was mowing the lawn.
See, he hired me to do errands for him, mow the lawn, empty the
trash, vacuum the floors in the shop, what he called the shop,
his office, wash his cars, do errands, go to the bank, get
(32:36):
money, stuff like that. Every Friday I would go to the
bank and pick up $500 and he called it petty cash so I could
drive to his mansion and deliverit to his 30 year old wife,
whose name was Barbie. He was in his late 50s.
She's in her early 30s. With a name like Barbie, you can
kind of figure out what she looked like.
(32:58):
His trophy wife. So that's what I did.
And then one day I'm mowing the lawn.
He was, he was a lot like Paul. He would lose his temper.
And as a kid that was abused, a kid that is used to chaos, when
when Wally would lose his temper, I would become
(33:19):
invisible. Now I'm 6 foot three, 240 lbs.
It's very hard for me to become invisible today.
But when I was a kid, I could just disappear in the corner.
And I was used to that with withPaul.
And so I understood Wally and I understood how to disappear.
(33:40):
And if you've ever been in an abusive relationship as a kid,
you know what I'm talking about.You just kind of disappear
because if you don't, then the abuse is towards you.
So one day I was mowing the lawnand Wally opened the door and
just yelled at me and I thought I was getting fired and I
(34:02):
couldn't afford to be fired. I needed the job.
I was only making $3.35 an hour,but that, you know, I made.
I worked Saturday and Sunday andafter school, so I made about
100 bucks a week. I needed that for food.
So I was poor enough that the state allowed me to get
breakfast and lunch at school and sometimes while we'd bring
in leftovers for me for dinner, but I needed the money for gas
(34:26):
and clothing and 'cause I was onmy own.
So Ascara is going to get fired.So I went inside the shop.
He's like, sit down. And he's very picky about
everything. So I thought maybe I made a
mistake. I didn't wash the car right, or
maybe I didn't pick up the dry cleaner.
Maybe I folded it wrong in the car, whatever.
(34:49):
He's like, we got a situation and that is, I can't remember
the guy's name, but he's like, Ifired him and I need your help
with something. I'm like, oh, I'm not getting
fired. He's like, no, you're not
getting fired. I'm like, oh, he's like, I want
to know if you want this other job, I'm going to pay you 500
(35:09):
bucks to do it. And I'm like, absolutely, I want
it because remember, I'm making 100 bucks a week.
I'm like 500 dollars, 100% I'm in.
He's like, no, you don't understand.
Like this is a special thing. Like if you do this for me, you
can't tell anybody about this. You have to swear secrecy.
You can't talk about this. I'm like, I I have no problem
(35:33):
with it. I will I will bury someone for
you if I need to, Wally. And he's looked at me like, what
the hell is wrong with you, kid?But I'm serious, like 500 bucks.
That's a lot of money. So he's like, all right, come
with me. So we walked down, we leave his
office. We walked down this really long
hallway. At the end of the hallway was a
door. And on the door it says do not
enter. And he told me when I first
(35:55):
started working for him six months before, he's like, you
never come into this room ever. It's off limits.
You go anywhere else in this building, but not this room.
OK. I don't want to lose my job,
$3.35 an hour in 1980, That's 19871988.
(36:16):
That was the minimum wage in John Day, OR or in Oregon,
rather. So we go to walk into the room.
He stops before he opens the door.
He turns around and looks at me.He goes, Are you sure you can
keep your mouth shut? Absolutely.
I'm thinking I don't care what'sgoing to happen 500 bucks long
as I don't have to give somebodyor do something.
I'm good. We walk in to the right.
Is this like countertop above? It's the a cabinet with these
(36:39):
jars of things like trophy, likesouvenirs or trophies, weird
things. And then on the on the counter
was these weird tools, bunch of butcher knives, scalpels, a
little saw was weird on the left.
It was a 7 foot long stainless steel table.
(36:59):
And on this table was a man appeared to be in his 40s,
completely naked with a gunshot wound in his face.
And before I could run out of the room, Wally reached behind
me and locked the door. See, I told you that Wally
(37:21):
Williams was the first person tobelieve in me, First person to
give me a chance, first person to really mentor me.
See, that day he trusted me. That day he started mentoring
me. And for the next 4 years I
worked for Wally Goods and bad ups and Downs.
(37:44):
And for the next 4 years him andI buried another 50 people.
Now, if you're thinking that maybe some mob boss in Eastern
Oregon, he was a boss, but he was a businessman.
See, Wally owned and operated the only Funeral Home in 500
square miles. And that day is when I become an
(38:06):
an embalmer apprentice. And I actually got my
certification with the state of Oregon.
And for four years, Wally and I would go to people's houses,
carry out their dead, take care of the bodies, get them
presentable, do their makeup, put them in the casket, make
(38:26):
them as pretty as we possibly could.
And then we would console the family the best that we could.
And Wally taught me how to be animpact, how to help people that
are struggling, having the hardest day of their life, how
to be there for them. And I think that's what's made
me so different than your average credit repair guy.
(38:50):
The now tax strategist is I understand how hard your life
can be and I'm there to help people.
While he mentored me, one of thethings that he taught me was it
doesn't matter or it it doesn't matter as much how much money
you make. What while he taught me was it's
(39:12):
not as important how much money you make as it is how much money
you keep. And because the IRS takes nearly
50% of what we make as business owners and because the IRS takes
as much as 50% of what we make as business owners, how much you
(39:32):
made last year is not as important how much money you
keep this year. So I really enjoyed this time
with you and I hope that you will listen to the to the weekly
podcast. I hope that you will learn from
the podcast because I'm going toteach you a few things #1 how to
maximize your credit so you can get that house.
(39:56):
If you're a business owner, you can get funding for your
business so you can start scaling how to minimize your
debt and taxes. I want to teach you how to
completely eliminate your consumer debt.
Complete completely eliminate all your personal income tax.
And then three, how to multiply your income and assets.
(40:18):
So maximize your credit, minimize your taxes, multiply
your assets. And along the way, I'm going to
interview entrepreneurs like myself.
I'm going to also teach you how to maximize your credit.
We're going to go over like things you can do to maximize
your personal credit score, how to build business credit, how to
minimize your debt, how to use credit to wipe out other credit.
(40:39):
For example, if you go and get aline of credit, you can wipe out
a 30 year mortgage in seven to 10 years without making extra
payments, all by leveraging yourcredit.
And then I'm going to teach you how the wealthy shelter their
income. I call it the Musk effect, how
you can literally make billions of dollars a year and pay no
(41:03):
personal income tax. 0 So I hopethat you enjoyed the first
episode back of the School of Wealth.
I look forward to answering yourquestions.
When you have a question, feel free to go to my social media
pages anywhere at Ronnie Lambeth, that's Ronnie Lambeth
or you go to ronnielambeth.com, submit your questions.
(41:25):
I look forward to the questions so I can answer them on the
podcast and look forward to the comments.
So hopefully I can answer them there.
So thank you again. It's good to be alive, good to
be here.
Hello and welcome to the show. It is so good to be here with
you and back in the studio lateron the show.
You're going to you're going to understand why I say that
because now when someone asked me how my day is going, I say
absolutely incredible. It is good to be alive in a few
minutes you're going to find outwhy I say it like that.
But anyway, hey, I'm Ronnie Lambeth and I am the host of
(00:22):
School of wealth. This is my first episode that I
have done now in almost six years.
I started the The radio show started out as a radio show in
San Diego on 1210 AM KPRZ. It's the oldest radio station in
San Diego and I started out on aSaturday at 10.
AMI had a Saturday show from 10:50.
(00:45):
And again, this was back in 2011, still in the middle of the
2008 crash. And the show was called Your
Credit Matters. And as you can probably expect,
the show was an instant success because people were still
dealing with the 2008 crash. And then within about 3 to 4
weeks of the show going live on Saturday, this, the radio
(01:09):
station came up to me and said, hey, how would you like to have
a Monday through Friday during drive time?
6:00 PM Yeah, 6:00 to 6:30, Monday through Friday.
I'm like, absolutely, yes. Later on I found out that you
could be at that radio station for 20 years and not get that
spot. But because so many people were
(01:30):
calling into the radio station thanking them for having me on,
talking about credit and money and taxes and how to avoid
bankruptcy and how to stop garnishments and levies and
judgments, that they thought it was their civic duty to let me
be on Monday through Friday. It was great.
(01:51):
And I did that from 2011, like February 2011 until July, August
2019. Almost 8 solid years, six days a
week. I got to tell you guys, doing a
radio show six days a week for eight years takes a lot, takes a
(02:11):
lot out of you. And so my last episode that I
recorded of School of Wealth wasI, I think it was like July,
August 2019, something like that.
So it's good to be back in the studio now.
Where have I been? Well, a lot of things has
happened. A lot of things have happened in
my life since August 2019. And that is I got divorced in
(02:34):
July 2019. Then in August 2019, my business
partner of almost seven years took all of my best, best
producing salespeople and went went down the street, opened up
a new company with a website that looked pretty much like
mine. Same color, same design, same
(02:56):
everything. Took my staff and started a
competing company. And then in 2020 or shortly
after that rather, I had a pulmonary embolism.
So I spent almost two weeks in the hospital in the ICU with
pulmonary embolism, and then that took about a year to
recover. And then 2020 during COVID when
(03:19):
the world was falling apart, finally got approved.
After waiting five years for theCDC to approve this experimental
treatment. I got to fly to Atlanta, GA,
have my blood genetically modified, which cured me of five
strains of Lyme disease and Babesia and a type of malaria.
(03:41):
So 2020 was a hard year for me, not just because of COVID, but
because of just recovering from the pulmonary embolism and then
Lyme disease, Babesia and Mycoplasma.
And then right around August 2021, I was fully recovered from
Lyme disease from the pulmonary embolism.
(04:03):
Life was going good. I bought my farm in Idaho and
guys, I started having PTSD moments.
You know, I've had PTSD now pretty much my whole life.
It started when I was a child. I think the first person, I
think I was third, second or third grade.
(04:23):
First time I ever saw someone killed was sitting out in the
front yard in Caldwell, ID, which is just West of Boise, ID.
I was sitting there with my brother Jeremy.
He's 10 months younger than me, so he and I share the same age 2
months out of every year. It's kind of fun if Jeremy was
(04:44):
sitting here talking with me andmaybe I'll do that one day.
I'm I'm told that we sound very similar.
In fact, I used to call his girlfriend all the time and he'd
call my girlfriend when we were in high school and play with
them and and have fun. So anyway, him and I were
sitting out in the front yard inCaldwell, ID, and the neighbor
(05:05):
pulled up, got out of his car, which was kind of odd because he
didn't pull into the driveway. He pulled up in front of the
house, got out of the car, went up, knocked on the door.
Which also is odd, right? Why would you knock on your own
door? Apparently his wife, who by the
way, was having an affair, had changed the locks, and so that's
why he had to knock. And so the boyfriend comes up,
(05:30):
came outside, started puffing uphis chest, you know, doing the
thing, and the neighbor pulled out a gun, shot him and the wife
in the face, killed both of themright in front of us.
I'm like in second grade. Jeremy's in first grade.
I think that's probably when thePTSD started.
(05:51):
Maybe before that, Maybe it started when I was five years
old and my mom forgot to shut the passenger side of the F-150.
And then put me in through the driver side after going into the
grocery store, put me in on the driver side.
(06:13):
So she opened the passenger sideto let me out but never shut the
door fully. Then put me in on the driving
side and was driving down the road, went around the corner,
door flew open and out I went flying.
And as you can imagine, at 30-40miles an hour, I didn't break
any bones, but I ripped all the skin off of my face, my hands,
(06:36):
my arms, my legs. That could have been the first
PTSD, or it could have been whenI was 11 or 12 months old and my
mom left me alone and I crawled out of the crib, climbed up into
the sink, turned on the water toget a drink of water 'cause I
was thirsty and mom was not there.
(06:59):
But what I didn't know as a babyis my dad had removed the
regulator to the water heater because he didn't want to have
to boil his water when it came out of the sink and put it on
the stove like a normal human being.
He want to be able to take it out of the sink boiling and put
(07:20):
his potatoes in it because of the After all, I'm from Idaho,
you know where the potatoes are made.
So as you can imagine, I got up in the sink, turned on the
water. Next thing you know, I have no
skin left on my left leg from myknee down.
I spent the next six months laying in a burn center as
nurses scraped the rotting fleshoff of my leg in an attempt to
(07:43):
save it. That's probably when the PTSD
started. And then it just got worse over
time. So in August 2021 I started
having episodes. I used to have like 1 episode a
year, not bad, I had it pretty much under control.
But in August 2021 I started having 10 to 15 episodes a day.
(08:11):
So I reached out to my friend Larry Yacht and Larry had been
for the last five years had beenhelping veterans cure their PTSD
with, with treatment, whether itwas mushrooms or Molly or
ketamine or LSD, depending on what you muscle tested for.
(08:36):
He was able to take your PTSD oflife and instead of doing 4050
years of counseling in a three to four day period, completely
wipe it out. And he'd been trying for me to
do, trying to get me to do this with him for years.
I'm like, look, do it. I'm fine, right?
I couldn't take it anymore, so Icalled him up like I need to get
(08:57):
in. So in August 2021, I just
bought, bought my farm in Idaho.Life is going good and other
than the PTSD. So I went up to Salt Lake, went
to Park City actually, and went through the treatment, took the
acelecitum. I know I can't say that I have
a, a twisted tongue. I don't know if you've or tied
(09:20):
tongue, rather I don't know if you've ever heard about it tied
tongue where there are certain words that I just cannot
pronounce. My sister's tied tongue was so
bad, she actually went and had surgery and they cut the bottom
of your tongue and then you can say certain words, but there's
certain words I can't say. So silicidum or whatever it is,
but it's mushrooms. So I took that and for the next
(09:44):
three days Larry re helped me through my effort as well to
reprogram myself, my self-conscious, reprogram my
mind, created a new program, a new operating system for me to
(10:05):
operate on and in three days almost my lifetime APTPTSD was
gone. If you never done this type of
therapy and you have PTSD from whatever type of trauma, maybe a
car accident, abuse is a child abuse is a an adult military,
(10:28):
police fire. I recommend that you talk to a
professional, somebody that specializes in doing this type
of therapy because it made a bigdifference in my life, such a
big difference. And I felt so good after doing
this that Larry asked me. Larry is A202425 year veteran,
(10:49):
Navy SEAL, extraordinary. He ran the largest military
operation in Iraq, largest military operation in the world
since World War 2. But it happened to be in Iraq,
so very decorated military guy. And after my PTSD therapy, he
said, hey, I know you're a pilotbecause I'm a pilot.
(11:10):
He's like, I just got into paramotoring.
Would you like to learn? And I'm like, well, if it's got
a motor and it's got a wing, I'min.
I love flying. I've been flying since I was 17
years old. At 17, I joined the Army
National Guard and my unit was amedevac unit.
So I spent 15 years on a medevachelicopter for the Army National
(11:30):
Guard. So I love flying.
And then 2013 I got my private license, bought my own private
plane and I love it. So anything I can do and
unfortunately though I think I'mstill under the influence of the
mushrooms maybe. And I had an accident on my my
(11:53):
second flight. I had an engine failure,
surprising it was a brand new engine.
If you want to see a video of such flight an engine failure,
it's actually on my Instagram page.
You can go to instagram.com/rondi Lambeth and
it's one of my pin videos. There is September 2021, so
(12:14):
should be pinned, but if it's not, just Scroll down to
September 2021. So I take off, It's a beautiful
day. It's sunny, a little breezy.
Breezy's bad when you have a when you're paramotoring, but it
wasn't bad yet. And it was going to be the very
last flight of the morning. And then we're going to go back
(12:36):
to the Airbnb, take a nap, come back in the afternoon.
See, I wasn't supposed to fly that morning at all, but every
single person before me crashed.Now, when I say crash, they got
like 5 feet off the ground and stumbled around or they couldn't
get off the ground, they fell down.
And so the flight instructor is like, hey, we got room since no
(12:58):
one else flew this morning. If you want to do it.
And I love flying. So I'm like absolutely, I'll do
it. So I get all strapped in, I
launch, I'm 300 feet up in the air, go to strap in my seat
completely. So what I was in was called a
para motor. What I was flying was a para
motor, which is basically a lawnchair that you have strapped
(13:22):
into this harness. And on the harness is a lawn
mower engine with a carbon fiberpropeller and you hold on to a
really big parachute paramotoring.
So it's not really, you're flying, so you're not really
parachuting, but you're using a parachute as a wing and a
(13:43):
lawnmower engine as the engine. And so at 300 feet, the engine
quit, it died, not a big deal. I'm a pilot.
I've landed, I've been trained, I know how to land without an
engine. In fact, when you fly the para
motor in the beginning, you turnthe engine off and you land
without the engine. So it's not a big deal.
(14:06):
The problem was remember when I said it was a little breezy?
The problem is is when I went toland the wind had shifted and as
I was when I once I get to 30 feet I went below the building
which why we are flying there. We should not have been there
(14:27):
but I didn't know any better at the time.
The instructor should have knownbetter but as I come down to 30
feet I dropped below the building so it blocked the wind
and my parachute inverted and I fell 30 feet with 100 LB motor
and pack on my back and when I hit the ground it hurt.
(14:49):
Hurt a lot. You can watch the video and you
can hear what I said. My right foot hit the ground
first, it separated my foot frommy ankle.
It broke my ankle in half, and then from my knee to my ankle,
it shattered everything. So I now have two plates holding
my tib fib together. I have 4 bolts holding my ankle
(15:10):
together. And now almost four years later,
I still have pain almost every day when I walk.
But it's getting better. I can run a little bit, not
much. So that was 2021.
Another reason now I'm getting to why I haven't done a podcast
in the last six years. Hopefully I'm not boring you.
(15:32):
So Fast forward, I recovered from that it, it took a year
before I could really walk. I spent about six months, 5 1/2
months in bed, wheelchair, the whole thing.
And then eventually I was able to hobble around.
So but because I'm a biohacker, I've been biohacking since I was
a kid, I was able to recover much much faster even though I
(15:56):
still have pain now almost four years later.
The doctor said that I wouldn't even be really be able to walk
for at least 18 months. And I I showed him that that
wasn't the case that I did some biohacking.
I did ozone therapy, I did peptide BPC 157 is amazing.
I did oxygen therapy, acupuncture, post electronic
(16:20):
magnetic fields and some other stuff.
So healed up very much faster ifyou will.
So Fast forward, my life is going good, things are well and
starting to feel the effects of COVID.
You know, my main business was acredit repair business, paper
(16:41):
per paper delete where clients would hire me, I'd fix their
credit and then bill them later.That's my main business.
It was my main business, at least at the time.
So you can kind of imagine that if 100% of the people who hired
me did not pay their bills, American Express, Bank of
America, Chase City, Discover, what do you think the likelihood
(17:04):
is they're going to pay me? It's about 50%, which I'm good
with that. I could handle 50%.
I knew that going in. But when COVID hit, it went to
about 15%. And to keep the company alive, I
use my own money to pay the salaries for my 50 plus
employees. And the stress got to me.
(17:28):
So much so that in November 2023I found myself laying on the
same bed at the same hospital that my mother had laid on in
June of 2023. See, in June 2023, my mom had a
(17:54):
massive heart attack and died. June 2023.
June 25th, 2023 and I found myself laying on that same bed
in the same hospital with the same surgeon operating on my
heart. November 25th IN2023I suffered
(18:18):
from what's called a SCAD, Spontaneous Cardiac Artillery
Dissection. SCAD for short.
Less than 100 people a year suffer from a SCAD.
Primarily it's teenage girls in labor because their body isn't
quite ready to have a baby yet and they're pushing so hard they
(18:39):
separate the arteries in their heart.
Usually it's sudden death for men.
For me, it was like any other day on a Saturday.
I got up, had sex with my girlfriend.
It was amazing day. Went to breakfast.
After breakfast, walked on the Greenbelt in Boise, ID along the
(19:00):
Boise River. It was like 68° in November.
It was absolutely beautiful. As we're getting into the Jeep
on the way home, she says, hey, her name's Amanda.
She goes, Ron D, if anything ever happened to you, where
should I take you now? She did not grow up in Boise, so
(19:21):
she didn't know where the hospitals were.
The urgent care, she was from San Diego, and she just moved in
with me. And I said, it's right there.
The hospital's right there. We're literally across the
street, as in like the residential street.
I said, that parking lot right there, that's the hospital.
She goes, OK, I just had this weird feeling like, you know, in
case something happened at the farm with the chainsaw or
(19:43):
something that 'cause I, I didn't have heart issues, I was
extremely healthy. In fact, in November 2024, I was
supposed to climb Mount Everest.So I was very fit and very
healthy. Cause my Lyme disease have been
cured. My pulmonary embolism is gone.
The Babesia was gone, the mycoplasma was gone.
(20:05):
I was doing well physically. So we get the Jeep, we drive
home, I walk into the kitchen, Itake my water bottle, I take a
drink, and instantly it felt like someone's ripping my arms
(20:26):
off and crushing my throat. I fell down.
I got up at that point. She heard me fall.
She came downstairs. Are you OK?
I'm like, I don't feel very well.
And within about 30 to 45 seconds she goes, how about we
go to the drive to the hospital?Fortunately for me, she did that
(20:49):
because if she wasn't there, I probably would have sat down on
the couch and died. I said OK, So I got in the Jeep.
I got in the passenger side. If you know anything about me, I
always drive. So I got in the passenger side,
she said. We made it about a half a mile
from the house, and the hospitalis only four miles away.
Made it about a half a mile fromthe house, she said.
(21:10):
I just kind of slumped over and turned Gray.
So she kicked in OverDrive and drove almost 100 miles an hour
to the hospital, and within 30 minutes I had somebody inside my
heart operating to repair the arteries.
I had two arteries that just spontaneously ruptured.
It's called a SCAD, spontaneous cardiac Artillery dissection,
(21:33):
and it says it was either causedfrom stress or exertion.
And I didn't have any exertion. I was sitting in my kitchen,
just took a drink of water. The my workout earlier that day
was just walking my dog was no big deal.
And the surgeon said I was luckyto be alive.
Like, good thing I went to the hospital immediately because if
I would have been, if I just saton the couch for another 5-10,
(21:55):
oops, excuse me by 10 minutes, he said I wouldn't have made it.
I'm 52 years old, dead. That was rough.
I've been in four shootings in my life because I spent 15 years
on a medevac helicopter and military, 11 years as a fireman
on the busiest rescue in Denver.I was the first responder at
(22:18):
Columbine High School, shooting in April 2020.
April 20. April 20th, 1999.
So I've I've had my fair share of near death experiences.
I had two auto rotations in the military where the engine quit
on the helicopter. I had an engine fail on me while
(22:40):
flying a plane that I rented. But this, this one, really this
one slowed me down guys. It slowed me down because my mom
had just died a few months earlier from a heart attack and
mine was caused from stress, stress that didn't need to be
there. See, in 2007, I started credit
(23:01):
repair company and it became themost successful paid on
performance credit repair company in America.
I was brought in, I paid 10s of thousands of dollars to speak at
events including Harvard. I've spoken three times at
Harvard. I've helped hundreds of
thousands of people go from a 400 credit score to an 800
credit score, and I've made 10s of millions of dollars helping
(23:22):
these people with this truly making a difference in their
lives. And I invested almost all of
that money because see, I grew up really, really poor.
I've never been a spender. Yes, I have a plane, yes, I have
a Ferrari, I have expensive things, but I wasn't a spender.
Like I didn't just spend money like Gucci clothes and just to
(23:45):
go spend it, I bought investments.
And so most of that money that Imade over the last now 18 years
with the credit repair company, I put in apartment complexes in
real estate. So that stress that caused the
heart attack, I didn't need it because I had enough money to
pay all of my bills for the restof my, my life.
And so I, I spent a lot of time sitting on my back porch looking
(24:09):
at the lake and my dog sitting there next to me figuring out
like, what is it that I want to do the rest of my life?
Like I don't have to be doing stress with 50 employees and
dealing with 10s of thousands ofpeople that are broke, that are
getting sued, that have garnishments and judgments and
they're losing their house and their cars and just all of it.
(24:29):
I'm a little empathic and so I was taking that stress on and I
was feeling I was absorbing their emotions, if you will.
And so I made a choice in my life that I was going to change
my life, not my diet, because mydiet was incredible.
I think that in fact the surgeon, when he was inside my
heart looking at it, fixing it, he said you have no plaque, you
(24:53):
have no build up. I don't understand why you had
this massive heart attack. It doesn't make sense other than
it's a SCAD and scads just happen sometimes.
Great. I think it was God telling me
like you need to change things. So I changed some things.
(25:15):
What I've done is I've changed my paid on performance credit
repair company into an AI assisted credit repair.
Instead of you paying me three $4000 to fix your credit, now
it's 3995 a month, $39.95 a month and that includes the
credit monitoring service. So the same software that I've
used now for 18 years with AI now attached to it, instead of
(25:38):
you paying me 4 grand for me to do it.
It's 3995 a month including the three Bureau credit monitoring
service. You log in, you put in your
username, password, upload your driver's license, click a button
that says create credit repair letters.
It downloads your credit report,reads your credit report, finds
all of the errors on the credit report, creates custom unique
(26:01):
one-of-a-kind credit dispute letters based on your credit
report, and then you simply print them and you mail them off
and then 30 days later, you should see a big difference in
your credit score. Most of our clients now with us
three months at maximum six months.
Whereas if you hire a credit repair company, you're with them
(26:21):
612-1824 months. See when we did paper delete,
same software guys, same software.
You were with me 3 months, but Idid all the work and I took on
all of the responsibility. So I changed that.
Now it's 100% AI assisted. I doged almost all my software.
(26:44):
I cut almost $75,000 of expensesout of the company, laid off, if
you will, all of my sales staff because I didn't need the
salespeople anymore. Cancelled all my Facebook ads.
And then I thought, what is it that I really want to do?
What is it that I really enjoy? And you know what it is, I love
helping people maximize their credit, which I take care of
(27:06):
that with Credit Mojo AI, minimizing their debt, which we
take care of that with Fortress debt Settlement, and then
minimizing their taxes, which I do through M23, which is my
other company. See, since I was 17 years old,
I've been on this mission to literally pay as little in
income tax as possible in my entire life.
(27:29):
I'm 53. So since 17 years old to 53, I
paid less than $50,000 in incometax.
I've made 10s of millions of dollars, sometimes per year, and
I paid less than 50 grand. And I've done that because of my
(27:50):
mentor, Wally Williams. See, Wally Williams was the
first man to believe in me. Wally Williams was a little bit
of a psychopath. Wally Williams was a man that
would lose his temper for no reason that we could figure out.
(28:12):
He'd punch holes in walls. He'd throw things.
He'd hit you with things if you were close enough.
So I went to work for Wally whenI was 16 1/2 ish.
And how I ended up in John Day OR where Wally was a very
successful, powerful man, one ofthe richest men in the area.
(28:35):
How I ended up there was when I was 15 years old I left home and
I left home because I got tired of being beat up everyday.
See, my stepdad Paul was also a psychopath.
Multiple personalities spent time in prison for murdering
(28:57):
someone. He was 30 years older than my
mother. When my mother met him, she was
in her early 20s with four boys.He was 56.
We were on welfare living in Section 8 housing.
We had no car. She met Paul one day when we are
(29:18):
walking home from the grocery store, hitchhiking, carrying
bags of groceries that we had just bought with our food
stamps, and he pulled up in a wagon pulled by a team of
horses. This was in 1980.
Let's see, I was 12:00-ish. No, I was 10, so 1981 ish.
(29:40):
There were cars, but he went everywhere in a horse and wagon.
That was his thing. He was, he was mentally ill.
He was a psycho, spent time in prison for murdering someone.
So he pulls up and he's like, hey, you want a ride?
Absolutely. So we climbed on the wagon.
Next thing we know, we're movingout of Section 8 housing into
(30:02):
his house, which was a shack. No running water, no
electricity. We had to give up our food
stamps because he was not going to be on government assistance.
And instead of buying the groceries at the M&W in Parma,
ID, we would go there after school and go through the
(30:23):
dumpster to see what they threw away, to see what we could eat
for dinner. And I lived that way for five
years. If we weren't living in the
shack in Parma, we lived in the Sawtooth Mountains hiding out
primarily from social services because he would beat us so bad
that somebody call social services and they would come
(30:44):
looking for us. So at 15, I made one of the
hardest decisions of my entire life and that was I need to
leave because one or two things was going to happen.
Either Paul killed me or I was going to kill Paul.
See, my brother Jeremy and I hadthe 10 month younger brother.
(31:05):
We'd already made an agreement. The next time that Paul started
hitting one of us, the other oneis going to come up and hit Paul
over the back of the head and wewere going to beat him until he
was dead and then we're going todig a hole and bury him.
We had the whole thing planned out, 14 to 15 year old.
It would have been like the Menendez brothers, except for we
had documentation because socialservices had tried to take us
(31:28):
away many times. So at 15 years old, I left my
siblings. And why the decision was so hard
was not because I was worried about living on the streets or
not, because I was worried aboutno food or being beat up.
I was used to dealing with that.I was.
(31:50):
It was a hard decision because Ihad to leave my siblings.
See, I'm the oldest, 13, and I knew if I left, the beatings
would not stop. It would just stop for me.
It would start happening to them.
So I left with a mission to become extremely wealthy.
I want to become a millionaire so I could come in and save my
my siblings. So I couch surfed a little bit.
(32:13):
Eventually I ended up in John Day, OR which worked for Wally
Williams, 16 1/2 years old. At 17, I was mowing the lawn.
See, he hired me to do errands for him, mow the lawn, empty the
trash, vacuum the floors in the shop, what he called the shop,
his office, wash his cars, do errands, go to the bank, get
(32:36):
money, stuff like that. Every Friday I would go to the
bank and pick up $500 and he called it petty cash so I could
drive to his mansion and deliverit to his 30 year old wife,
whose name was Barbie. He was in his late 50s.
She's in her early 30s. With a name like Barbie, you can
kind of figure out what she looked like.
(32:58):
His trophy wife. So that's what I did.
And then one day I'm mowing the lawn.
He was, he was a lot like Paul. He would lose his temper.
And as a kid that was abused, a kid that is used to chaos, when
when Wally would lose his temper, I would become
(33:19):
invisible. Now I'm 6 foot three, 240 lbs.
It's very hard for me to become invisible today.
But when I was a kid, I could just disappear in the corner.
And I was used to that with withPaul.
And so I understood Wally and I understood how to disappear.
(33:40):
And if you've ever been in an abusive relationship as a kid,
you know what I'm talking about.You just kind of disappear
because if you don't, then the abuse is towards you.
So one day I was mowing the lawnand Wally opened the door and
just yelled at me and I thought I was getting fired and I
(34:02):
couldn't afford to be fired. I needed the job.
I was only making $3.35 an hour,but that, you know, I made.
I worked Saturday and Sunday andafter school, so I made about
100 bucks a week. I needed that for food.
So I was poor enough that the state allowed me to get
breakfast and lunch at school and sometimes while we'd bring
in leftovers for me for dinner, but I needed the money for gas
(34:26):
and clothing and 'cause I was onmy own.
So Ascara is going to get fired.So I went inside the shop.
He's like, sit down. And he's very picky about
everything. So I thought maybe I made a
mistake. I didn't wash the car right, or
maybe I didn't pick up the dry cleaner.
Maybe I folded it wrong in the car, whatever.
(34:49):
He's like, we got a situation and that is, I can't remember
the guy's name, but he's like, Ifired him and I need your help
with something. I'm like, oh, I'm not getting
fired. He's like, no, you're not
getting fired. I'm like, oh, he's like, I want
to know if you want this other job, I'm going to pay you 500
(35:09):
bucks to do it. And I'm like, absolutely, I want
it because remember, I'm making 100 bucks a week.
I'm like 500 dollars, 100% I'm in.
He's like, no, you don't understand.
Like this is a special thing. Like if you do this for me, you
can't tell anybody about this. You have to swear secrecy.
You can't talk about this. I'm like, I I have no problem
(35:33):
with it. I will I will bury someone for
you if I need to, Wally. And he's looked at me like, what
the hell is wrong with you, kid?But I'm serious, like 500 bucks.
That's a lot of money. So he's like, all right, come
with me. So we walked down, we leave his
office. We walked down this really long
hallway. At the end of the hallway was a
door. And on the door it says do not
enter. And he told me when I first
(35:55):
started working for him six months before, he's like, you
never come into this room ever. It's off limits.
You go anywhere else in this building, but not this room.
OK. I don't want to lose my job,
$3.35 an hour in 1980, That's 19871988.
(36:16):
That was the minimum wage in John Day, OR or in Oregon,
rather. So we go to walk into the room.
He stops before he opens the door.
He turns around and looks at me.He goes, Are you sure you can
keep your mouth shut? Absolutely.
I'm thinking I don't care what'sgoing to happen 500 bucks long
as I don't have to give somebodyor do something.
I'm good. We walk in to the right.
Is this like countertop above? It's the a cabinet with these
(36:39):
jars of things like trophy, likesouvenirs or trophies, weird
things. And then on the on the counter
was these weird tools, bunch of butcher knives, scalpels, a
little saw was weird on the left.
It was a 7 foot long stainless steel table.
(36:59):
And on this table was a man appeared to be in his 40s,
completely naked with a gunshot wound in his face.
And before I could run out of the room, Wally reached behind
me and locked the door. See, I told you that Wally
(37:21):
Williams was the first person tobelieve in me, First person to
give me a chance, first person to really mentor me.
See, that day he trusted me. That day he started mentoring
me. And for the next 4 years I
worked for Wally Goods and bad ups and Downs.
(37:44):
And for the next 4 years him andI buried another 50 people.
Now, if you're thinking that maybe some mob boss in Eastern
Oregon, he was a boss, but he was a businessman.
See, Wally owned and operated the only Funeral Home in 500
square miles. And that day is when I become an
(38:06):
an embalmer apprentice. And I actually got my
certification with the state of Oregon.
And for four years, Wally and I would go to people's houses,
carry out their dead, take care of the bodies, get them
presentable, do their makeup, put them in the casket, make
(38:26):
them as pretty as we possibly could.
And then we would console the family the best that we could.
And Wally taught me how to be animpact, how to help people that
are struggling, having the hardest day of their life, how
to be there for them. And I think that's what's made
me so different than your average credit repair guy.
(38:50):
The now tax strategist is I understand how hard your life
can be and I'm there to help people.
While he mentored me, one of thethings that he taught me was it
doesn't matter or it it doesn't matter as much how much money
you make. What while he taught me was it's
(39:12):
not as important how much money you make as it is how much money
you keep. And because the IRS takes nearly
50% of what we make as business owners and because the IRS takes
as much as 50% of what we make as business owners, how much you
(39:32):
made last year is not as important how much money you
keep this year. So I really enjoyed this time
with you and I hope that you will listen to the to the weekly
podcast. I hope that you will learn from
the podcast because I'm going toteach you a few things #1 how to
maximize your credit so you can get that house.
(39:56):
If you're a business owner, you can get funding for your
business so you can start scaling how to minimize your
debt and taxes. I want to teach you how to
completely eliminate your consumer debt.
Complete completely eliminate all your personal income tax.
And then three, how to multiply your income and assets.
(40:18):
So maximize your credit, minimize your taxes, multiply
your assets. And along the way, I'm going to
interview entrepreneurs like myself.
I'm going to also teach you how to maximize your credit.
We're going to go over like things you can do to maximize
your personal credit score, how to build business credit, how to
minimize your debt, how to use credit to wipe out other credit.
(40:39):
For example, if you go and get aline of credit, you can wipe out
a 30 year mortgage in seven to 10 years without making extra
payments, all by leveraging yourcredit.
And then I'm going to teach you how the wealthy shelter their
income. I call it the Musk effect, how
you can literally make billions of dollars a year and pay no
(41:03):
personal income tax. 0 So I hopethat you enjoyed the first
episode back of the School of Wealth.
I look forward to answering yourquestions.
When you have a question, feel free to go to my social media
pages anywhere at Ronnie Lambeth, that's Ronnie Lambeth
or you go to ronnielambeth.com, submit your questions.
(41:25):
I look forward to the questions so I can answer them on the
podcast and look forward to the comments.
So hopefully I can answer them there.
So thank you again. It's good to be alive, good to
be here.
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