Episode Transcript
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(00:00):
It's not just win-win, but alsoevery level has to work.
(00:03):
So as we dive into this, uh, wealthPrinciple 27 is controversial.
It, it states that you mustlearn to love dealing with money,
with large amounts of money.
Mm-hmm.
And the people who have it, andthere's a lot of people out there who
would say the love of money is evil.
And that's not what we're saying.
No,
no.
We're saying learning to love.
(00:24):
Working with large amounts ofmoney and the people who have it.
So loving people is the, the principle.
So Vinny, why do so many people hatehate when we talk about money like this?
Why do so many people likethe word love and money?
Why is it such a dangerous sentence?
I.
See, the thing is, it all goes tothe mindset of scarcity or abundance.
(00:47):
You know, as we grow, you know,I mean, I had humble beginnings.
I remember my mom, dad used togive me five rupees a month.
In my allowance, five, and for
everybody who's listening, arupe is a sum of money in India
where India, Vinny grew up.
He did not grow up here in America.
He grew up in India, cameto the country with $7.
(01:09):
So yeah, rupees are areworth less than pennies.
So that's so true.
We less than pennies atthat time, even brother.
Wow.
So the thing is, you know, we got toshift our mindset to say ethically,
which you and I have really built ourbusinesses in using other people's money.
(01:30):
I. OPM throughsyndications, through funds.
And that's the right way because 90% ofwhat we do, or 80% of what we do, we give
it to investors, you know, sophisticatedinvestors and uh, accredited investors.
And that has been life andblood of lots of people.
(01:50):
I mean, look at the companies, Google,Microsoft, I mean, meta, right?
Today, everybody's up.
Microsoft was up yesterday.
Today.
Guess what?
They are using other people's money.
That's it's large
sums of it.
Large sums.
Large, large, millions,trillions of dollars.
Their valuation is so high becausepeople have invested in their shares.
(02:14):
The price of the share times,the number of shares is their
capitalization, we call it.
Yeah.
So essentially money is good and weshould be really loving the money.
If you want to have more of it inyour life, because if you hate it,
it's not gonna come in your lab.
It'll not, it'll not.
(02:34):
I'm telling you.
I mean, I started, you know, that180,014 units and then from $7 to
180,000 and then to 400 and 500 andbillion dollar portfolio, you know,
and all that was adjusting mind.
To really see where the money'scoming, where it's going.
(02:57):
Money is always transitional.
It's never stationary.
That's what I say, you know, and velocityof money is really big velocity of money.
People should not putit under their pillow.
It is not gonna make money.
It's not gonna make money.
It's gonna lose money withinflation and everything, right?
Value, uh, the value of it and so forth.
(03:19):
But.
Key thing is we need to have a mindsetof not scarcity, but abundance.
So for, for anybody who's listening rightnow, like, why are these guys talking
about making large amounts of money?
It's because it's the right thing to do.
The more money you have, themore impact you can have.
Yes, we, we, we.
Choose the real estate space.
So we either house people on theirvacations or we house people in their
(03:40):
later years in life, or we house peoplein the middle of, of their lifetimes.
And those are the main threecategories that we invest in.
Some people invest in casinos, sothey invest in people's weekends,
and they're, they're fun times.
Yeah.
But this, this mindset of dealing withlarge amounts of money, working with large
amounts of money, and loving the work.
Love is something emotional, right?
(04:01):
It's also a verb.
Yes.
And a lot of humans go around saying theylove things, but if you really listen
to the stuff you love, you can find outmuch better by just looking around at
how you treat the things in your life.
Do you love yourself?
Well, you take care of your body.
I.
Hey there!
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(04:22):
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