Ever felt like you're running on a financial treadmill, hustling hard but not moving forward?
I've been there, and that's why I've dedicated my life to promoting financial education. From spiraling in debt with a credit score of zero to boasting a score of 800 plus, I've turned my financial life around, and I'm eager to share what I've learned.
In today's episode of Common Sense Millionaire, we explore the journey toward financial stability and how it's possible to create a secure future and legacy for our families.
It's easy to feel like the system is rigged, especially when it comes to car dealerships, insurance, and credit. I've been on the receiving end of these pitfalls, and it's my mission to prevent others from falling into the same traps.
Today, we're talking about the importance of planning for the future and making tough decisions that will propel you toward financial success.
This is an invitation to step out of the cycle of financial uncertainty, and take control of your financial destiny.
Let's walk this journey together.
Thank you for listening to The Millionaire Mindset Podcast with George Dines.
To connect with George visit www.georgedines.com
To Schedule a call with George visit: https://georgedines.com/contact/
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Welcome to the Common Sense Millionaire, where we
work to promote your financialadvancement in knowledge process
and education so that you andyour family become financially
secure.
This is the place I shareCommon Sense Action Steps that
you can take today to assistyour financial advancement.
So sit back, grab a drink andlet's get started.
(00:23):
Common Sense Millionaire here.
Thanks for tuning in.
It's kind of late, it's 10.30,11 o'clock at night.
Wives already come down talkingabout oh, you've been working
all day, when are you going tobed?
And she was right asking thatquestion.
(00:48):
And it's at moments like thiswhen I really sit back and think
why am I doing this?
To a certain extent, peoplewill say, well, you don't have
to be doing that.
You've got a certain levellocked up and moving forward and
(01:11):
what you feel is the rightdirection.
So why do I do it?
People say you don't have to doit, you should do more, you
should get out more often, spendmoney more often, and I hear
these kind of things all thetime.
So here's the real reason thatI'm here.
(01:36):
The real reason that I do thisand that I work with people is
I'm really tired, really tiredof seeing people getting cheated
on a regular basis.
They're cheated financially allthe time.
Folk want a car, they getcheated at the dealer, whether
(02:02):
it be a new car dealer or a usedcar dealer Trying to get
insurance.
You're being cheated there intopaying perhaps a larger premium
than you actually need to pay.
You're trying to get a house?
Ok, maybe you didn't shopfinancing good enough and you're
(02:25):
not getting the best interestrate for your financing deal.
For black folk there was alwaysa higher premium paid on the
insurance cost, just becausepeople didn't like that and
nobody knew any better and theymay not have shopped around.
(02:46):
Maybe because you've got badcredit but no one taught you how
to use credit to your advantageso that you could advance
financially in your life.
Shoot, I understand that I'vehad like zero credit where I
(03:07):
think I don't think I had a zerocredit score, but it was
something ridiculous like 100 orsomething like that.
Ok, now my credit score isactually fabulous.
Takes work to maintain thatTakes a lot of work.
You've got to do a lot ofquestioning of what you're doing
(03:28):
on a daily basis in your lifeto maintain financial ascendancy
, which is you always want tokeep going higher than you are
right now.
If it's just not for you.
It's for your family as well.
It could be your extendedfamily needs help.
(03:48):
But that's the thing.
That's so difficult is that Ireally want to help people, to
take advantage of my mistakes tokeep you from making the same
ones and to be involved over thenext five to 10 years as you
(04:12):
move on through and you can moveon through to.
You know I mean it's a saying,but to the brighter day.
That can happen.
It could happen with everybody.
That's why I'm down here atthis desk at, you know, almost
11 o'clock at night trying towork on solutions for folk.
(04:35):
Now, some people you don't wantto move in that direction or
figure it may be too difficultand I'm like not going to shade
that or or dismiss that becauseit is difficult, because there's
choices that you have to make.
So I learned the hard way toothat there were choices that I
(04:56):
had to make and I decided I wasnot going to go down the toilet
financially, but I was going tomake changes in my life.
I started saving money.
I went back to get an MBA, notso that I could work for a firm.
I went to get the MBA to justget knowledge and education on
(05:22):
how finance works and howinvestment investments work for
people.
That's what it was for and itjust so happened I was like kind
of good at the calculation partof that.
So it can be done.
You don't have to go and getyour own MBA.
You can have an MBA who worksfor you, and what that means is
(05:44):
you have to make a decision thatfor the next few years, you are
going to get it right.
You're going to move in theright direction.
You're going to make thisserious If you have other issues
in your life.
It's even more serious Ifyou're separated, if you're
(06:07):
divorced.
We've talked in thesediscussions about all of the
issues surrounding those lifeevents.
You got to figure that stuffout, don't you want to leave a
legacy for your kids?
You've got to figure that out.
It took me a while.
It's going to take you a whileNot going to like what I have to
(06:29):
say.
You're going to say that youknow I'm nuts, that I can't do
something like that.
It's too difficult.
I see too many people and notjust in my practice, but people
who I hear talking and I listento them talking.
They're worried about theirfuture.
(06:50):
How can they pay for theirbills in the future.
We see now the attempt tounravel social benefits in terms
of social security and in termsof Medicaid and Medicare.
This is very scary.
We see how much all of thesethings cost, but nobody is
(07:15):
trying to struggle to addressthese concerns, to move them
further.
The only thing you can do is toproduce more income so that you
can be prepared for theseissues.
One of the worst things I eversaw and I've seen bad things was
the death of a parent who wasin a nursing home for about two
(07:36):
years.
Well, as soon as that parentpassed, there was a lean place
against the property by thestate to collect from that
estate the money that was spentby the state on behalf of that
parent.
That is one of the mostdisgusting things I've ever seen
(07:58):
.
That only your house is youronly asset and it could have
been avoided.
Okay, it could have beenavoided, but we don't discuss
these issues.
So in that case that I'm justtalking about, family got
nothing.
Maryland got its money, but thefamily got nothing.
(08:20):
So it's like what are you goingto do?
When are you going to stand upand take on the challenge that
you have?
You have debt.
I did too.
You're filing a bankruptcything?
I did too.
You couldn't buy a house Icouldn't either.
(08:42):
You couldn't afford to go toschool I couldn't either.
But the difference is, eventhough you can't now doesn't
mean that you can't starttomorrow.
And in every one of thosesituations that I just talked
about, yeah, I couldn't buy ahouse, but yeah, hey, the first
(09:02):
house I bought was an investmentproperty.
First house Okay, I didn't goto school.
Nope, I went to school with mylousy credit card.
Okay, paid for the semesterswith the credit card and then
paid it off.
Bankruptcy hey, I went throughthere.
Worst thing you can ever gothrough Horrible situation.
(09:25):
So all I'm trying to say is ifyou're concerned that you can't
do it, don't worry about that.
What you do is talk to me.
I don't care if you become aclient, I'm just glad to help
you.
If you want to call, you call,send me an email, that's fine,
but take a step, take the firstmove.
(09:48):
You've got to move.
The journey starts with thefirst step.
You've got to face all of theissues.
You cannot hide them in afantasy.
You've got to take strategic,serious action to protect your
financial identity.
That's extremely importantnowadays, as you see, the only
(10:13):
people they get the pure benefitof interest rates or allocation
of resources or whatever arethose that have a financial
process in place to bringstability to their financial
management of their lives.
This is why I'm here.
(10:34):
My wife knows this is why I'mhere.
Other people know this is whyI'm here.
It's very important to me.
There's so many examples I haveof things that have gone wrong
for people but have not.
They have not at all.
They haven't tried to moveforward, no matter where we are,
(10:58):
no matter how tired we are, nomatter how hard we work and we
think that it's not gettinganywhere.
What's important is do you havethe strategy to make it happen?
I had to come up with astrategy.
It was a multiple-pointstrategy Make sure taxes are
paid on time.
Making sure I make room for thenote.
(11:21):
Establish a baseline for mycredit score and build up for
that.
Right now, my credit score isridiculous.
The last time it waseight-something, which is
totally ridiculous.
Making sure that I'm not lateon any bill payments, especially
(11:42):
any credit-related billpayments.
Credit card, car note, housenote.
All of these things can befixed.
Requires a level ofdetermination that you're just
going to have to put out.
You're going to have to put theenergy out to make it happen.
It can happen.
It takes time.
(12:04):
If you're working with me, orif I can recommend you for
someone, they'll be working withyou to help you make the first
step and to make the final stepto resolution on any of the
issues that you have or anyproblems.
I think for me to talk aboutsome of these issues was very
(12:29):
embarrassing for me personally,embarrassing for family members.
I couldn't have made it withoutmy wife for working with me and
not telling me to go to thecurb.
I didn't think I was ever goingto get married because I could
(12:52):
not see getting married going inwith the deficits that I had.
It didn't make sense to me.
My wife is a very good teammember.
In addition to being a wife,she was instrumental in helping
me to make sure that I kept theeye on what I was trying to do
(13:13):
for, at the end of the day, bothof us.
All I have to say is thisfinally, and I'm going to wrap
this up, if you need help, givea call, we'll figure it out.
We'll come up with a plan andhelp you move forward.
Instead of moving backwards orsideways, we have to move
forward so that in the futureyou'll be able to have a legacy
(13:35):
for your family.
If that's what you want foryour kids, you want to own a
home and you want to own a car,without doing crazy stuff and
risking bankruptcy because ofbills.
Thanks a lot.
Have a good evening.
Thanks, landscape you.
Welcome to the Common Sense Millionaire, where we
work to promote your financialadvancement in knowledge process
and education so that you andyour family become financially
secure.
This is the place I shareCommon Sense Action Steps that
you can take today to assistyour financial advancement.
So sit back, grab a drink andlet's get started.
(00:23):
Common Sense Millionaire here.
Thanks for tuning in.
It's kind of late, it's 10.30,11 o'clock at night.
Wives already come down talkingabout oh, you've been working
all day, when are you going tobed?
And she was right asking thatquestion.
(00:48):
And it's at moments like thiswhen I really sit back and think
why am I doing this?
To a certain extent, peoplewill say, well, you don't have
to be doing that.
You've got a certain levellocked up and moving forward and
(01:11):
what you feel is the rightdirection.
So why do I do it?
People say you don't have to doit, you should do more, you
should get out more often, spendmoney more often, and I hear
these kind of things all thetime.
So here's the real reason thatI'm here.
(01:36):
The real reason that I do thisand that I work with people is
I'm really tired, really tiredof seeing people getting cheated
on a regular basis.
They're cheated financially allthe time.
Folk want a car, they getcheated at the dealer, whether
(02:02):
it be a new car dealer or a usedcar dealer Trying to get
insurance.
You're being cheated there intopaying perhaps a larger premium
than you actually need to pay.
You're trying to get a house?
Ok, maybe you didn't shopfinancing good enough and you're
(02:25):
not getting the best interestrate for your financing deal.
For black folk there was alwaysa higher premium paid on the
insurance cost, just becausepeople didn't like that and
nobody knew any better and theymay not have shopped around.
(02:46):
Maybe because you've got badcredit but no one taught you how
to use credit to your advantageso that you could advance
financially in your life.
Shoot, I understand that I'vehad like zero credit where I
(03:07):
think I don't think I had a zerocredit score, but it was
something ridiculous like 100 orsomething like that.
Ok, now my credit score isactually fabulous.
Takes work to maintain thatTakes a lot of work.
You've got to do a lot ofquestioning of what you're doing
(03:28):
on a daily basis in your lifeto maintain financial ascendancy
, which is you always want tokeep going higher than you are
right now.
If it's just not for you.
It's for your family as well.
It could be your extendedfamily needs help.
(03:48):
But that's the thing.
That's so difficult is that Ireally want to help people, to
take advantage of my mistakes tokeep you from making the same
ones and to be involved over thenext five to 10 years as you
(04:12):
move on through and you can moveon through to.
You know I mean it's a saying,but to the brighter day.
That can happen.
It could happen with everybody.
That's why I'm down here atthis desk at, you know, almost
11 o'clock at night trying towork on solutions for folk.
(04:35):
Now, some people you don't wantto move in that direction or
figure it may be too difficultand I'm like not going to shade
that or or dismiss that becauseit is difficult, because there's
choices that you have to make.
So I learned the hard way toothat there were choices that I
(04:56):
had to make and I decided I wasnot going to go down the toilet
financially, but I was going tomake changes in my life.
I started saving money.
I went back to get an MBA, notso that I could work for a firm.
I went to get the MBA to justget knowledge and education on
(05:22):
how finance works and howinvestment investments work for
people.
That's what it was for and itjust so happened I was like kind
of good at the calculation partof that.
So it can be done.
You don't have to go and getyour own MBA.
You can have an MBA who worksfor you, and what that means is
(05:44):
you have to make a decision thatfor the next few years, you are
going to get it right.
You're going to move in theright direction.
You're going to make thisserious If you have other issues
in your life.
It's even more serious Ifyou're separated, if you're
(06:07):
divorced.
We've talked in thesediscussions about all of the
issues surrounding those lifeevents.
You got to figure that stuffout, don't you want to leave a
legacy for your kids?
You've got to figure that out.
It took me a while.
It's going to take you a whileNot going to like what I have to
(06:29):
say.
You're going to say that youknow I'm nuts, that I can't do
something like that.
It's too difficult.
I see too many people and notjust in my practice, but people
who I hear talking and I listento them talking.
They're worried about theirfuture.
(06:50):
How can they pay for theirbills in the future.
We see now the attempt tounravel social benefits in terms
of social security and in termsof Medicaid and Medicare.
This is very scary.
We see how much all of thesethings cost, but nobody is
(07:15):
trying to struggle to addressthese concerns, to move them
further.
The only thing you can do is toproduce more income so that you
can be prepared for theseissues.
One of the worst things I eversaw and I've seen bad things was
the death of a parent who wasin a nursing home for about two
(07:36):
years.
Well, as soon as that parentpassed, there was a lean place
against the property by thestate to collect from that
estate the money that was spentby the state on behalf of that
parent.
That is one of the mostdisgusting things I've ever seen
(07:58):
.
That only your house is youronly asset and it could have
been avoided.
Okay, it could have beenavoided, but we don't discuss
these issues.
So in that case that I'm justtalking about, family got
nothing.
Maryland got its money, but thefamily got nothing.
(08:20):
So it's like what are you goingto do?
When are you going to stand upand take on the challenge that
you have?
You have debt.
I did too.
You're filing a bankruptcything?
I did too.
You couldn't buy a house Icouldn't either.
(08:42):
You couldn't afford to go toschool I couldn't either.
But the difference is, eventhough you can't now doesn't
mean that you can't starttomorrow.
And in every one of thosesituations that I just talked
about, yeah, I couldn't buy ahouse, but yeah, hey, the first
(09:02):
house I bought was an investmentproperty.
First house Okay, I didn't goto school.
Nope, I went to school with mylousy credit card.
Okay, paid for the semesterswith the credit card and then
paid it off.
Bankruptcy hey, I went throughthere.
Worst thing you can ever gothrough Horrible situation.
(09:25):
So all I'm trying to say is ifyou're concerned that you can't
do it, don't worry about that.
What you do is talk to me.
I don't care if you become aclient, I'm just glad to help
you.
If you want to call, you call,send me an email, that's fine,
but take a step, take the firstmove.
(09:48):
You've got to move.
The journey starts with thefirst step.
You've got to face all of theissues.
You cannot hide them in afantasy.
You've got to take strategic,serious action to protect your
financial identity.
That's extremely importantnowadays, as you see, the only
(10:13):
people they get the pure benefitof interest rates or allocation
of resources or whatever arethose that have a financial
process in place to bringstability to their financial
management of their lives.
This is why I'm here.
(10:34):
My wife knows this is why I'mhere.
Other people know this is whyI'm here.
It's very important to me.
There's so many examples I haveof things that have gone wrong
for people but have not.
They have not at all.
They haven't tried to moveforward, no matter where we are,
(10:58):
no matter how tired we are, nomatter how hard we work and we
think that it's not gettinganywhere.
What's important is do you havethe strategy to make it happen?
I had to come up with astrategy.
It was a multiple-pointstrategy Make sure taxes are
paid on time.
Making sure I make room for thenote.
(11:21):
Establish a baseline for mycredit score and build up for
that.
Right now, my credit score isridiculous.
The last time it waseight-something, which is
totally ridiculous.
Making sure that I'm not lateon any bill payments, especially
(11:42):
any credit-related billpayments.
Credit card, car note, housenote.
All of these things can befixed.
Requires a level ofdetermination that you're just
going to have to put out.
You're going to have to put theenergy out to make it happen.
It can happen.
It takes time.
(12:04):
If you're working with me, orif I can recommend you for
someone, they'll be working withyou to help you make the first
step and to make the final stepto resolution on any of the
issues that you have or anyproblems.
I think for me to talk aboutsome of these issues was very
(12:29):
embarrassing for me personally,embarrassing for family members.
I couldn't have made it withoutmy wife for working with me and
not telling me to go to thecurb.
I didn't think I was ever goingto get married because I could
(12:52):
not see getting married going inwith the deficits that I had.
It didn't make sense to me.
My wife is a very good teammember.
In addition to being a wife,she was instrumental in helping
me to make sure that I kept theeye on what I was trying to do
(13:13):
for, at the end of the day, bothof us.
All I have to say is thisfinally, and I'm going to wrap
this up, if you need help, givea call, we'll figure it out.
We'll come up with a plan andhelp you move forward.
Instead of moving backwards orsideways, we have to move
forward so that in the futureyou'll be able to have a legacy
(13:35):
for your family.
If that's what you want foryour kids, you want to own a
home and you want to own a car,without doing crazy stuff and
risking bankruptcy because ofbills.
Thanks a lot.
Have a good evening.
Thanks, landscape you.
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