YOU ARE TRAPPED: THE 5 MONEY TRAPS DESTROYING YOUR WEALTH | Let's Get Real Ep. 12

WAKE THE FUCK UP. You're caught in a financial cage of your own making. In this raw, unfiltered episode, I expose the five deadly money traps keeping you broke while the wealthy get richer:

1. The endless DEBT CYCLE you can't escape
2. The so-called "AMERICAN DREAM" bleeding you dry
3. Your soul-crushing JOB DEPENDENCY
4. Financial ILLITERACY they never taught you
5. KEEPING UP WITH THE JONESES - the pathetic status game destroying your future

I'm not here to coddle you with bullshit financial advice. I'm here to drag you out of your comfort zone and into reality. Stop wasting your life chasing designer labels and approval from people who don't give a shit about you.

It's time to break free, build assets that make money while you sleep, and create REAL wealth on your terms.

GET UNCOMFORTABLE. GET WEALTHY.

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Episode Transcript

Stoy (00:00):
You are trapped.

(00:01):
You.
Sorry, I don't know why thatjust came to me, but it did.
And I'm gonna talk about thefive money traps that are
happening to you right now inspecifically America.
If you're in a differentcountry.
I'm sure a lot of these aresimilar, but I'm in America, so
I'm just gonna speak to those.
And those five are that debtcycle, the American dream, job
dependency, financial literacy,or lack thereof.

(00:22):
And then the five, number five,of course, keeping up with the
Joneses.
So let's hit upon the debt cyclefor those that have followed me
a little bit.
If you, if you went back, Italked about this specifically
about good debt verse bad debt,and how we continuously
repeatedly do the same thingsover and over again.
So I'm not gonna necessarilyrepeat exactly that video.
You can go ahead and go do that.
I'll attach it.
Somewhere is around here, butspecifically is we continuously

(00:46):
to keep going into debt.
We get outta debt, we havemoney, we go back into debt.
We continuously do this boththrough generations, but us as
humans as well.
Hell, I've done it myself whereyou pay off a car, oh, let's get
a new one.
You pay off the credit card.
Oh, there goes another spending.
And that is because we'recomfortable.
We're used to it.
We're used to being justsurvival mode, if you will.

(01:08):
And that is why having the debtcycle is.
Probably the number one issuewhen it comes to building your
money, and that's a trap, sodon't do it.
Number two, the old Americandream.
Let's buy a house with a whitepicket fence.
Let's live our life.
Let's travel.
Let's do all the things in theAmerican Dream.
And I know I've talked aboutthis one just previously with

(01:28):
the debt as well, and that isthe fact that your primary home
and trying to keep that up is atrap in itself, if not used
correctly.
And what do we mean by that?
You still have upkeep that youhave to do.
You still pay taxes on that andyou're not able, able to use
your equity unless you get aheloc, a home equity line of
credit, and you still have topay for that, which is funny.

(01:51):
So the American Dream, get ajob.
Get a car, have kids, et cetera,is also a money trap unless you
have planned for it for it andused it correctly and wisely.
The third one is job dependency.
The hell does that means toy, Ihave to work to make money.
Yes, technically you have to dosome type of job, own a
business, go to work.
One of those two things.

(02:12):
However, it's about investing inassets that make money for you
down the road, right?
So Ultra Wealth, we do this allthe time.
They have different assets,whether it's real estate, other
businesses, et cetera.
They have money making themmoney What without them working.
And the more you can do that,the less dependent on a job you
are.
So ask yourself this question,if you were to lose your job

(02:33):
tomorrow, are you dependent onit for money?
And if the answer is yes, youare, which is like 99% of us,
then you're dependent on yourjob.
Which means you are not makingthe best decisions for you and
your and yourself because you'renow tied to this thing called
the job, or specifically thatcareer path.
So let's work on getting assetsto work for us.
Number four.

(02:53):
Number four is financialliteracy.
So I'm doing what I'm doingbecause.
I'm trying to educate you in thebest way possible.
Well, at least in what I thinkis the best way possible.
And that's being transparent andtalking real.
As real as I can get.
I probably could get realer.
Um, YouTube might not like allthose words though, so we're
just gonna stick to how it is.
The lack of financial educationin America, specifically, not

(03:15):
having financial literacy inschools as the subsequent of
math or science is beingdetrimental to us.
Uh, when we become adults, wedon't know how to.
Balance a checkbook.
We don't know how to really dealwith taxes.
We don't know how to save.
We don't know how to live withmoney.
And what do I mean by that?
We don't know how to live withmoney sitting in our savings
account, right?
We know we have money coming in.

(03:35):
We wanna spend it all, and wejust repeat this and we get in
debt and things happen and itgets worse and worse and worse
and worse.
We are very much uncomfortablewith having thousands of dollars
set aside doing whatever it'ssupposed to be doing and us not
using it.
That is not only a fin, afinancial education issue, it's
a mental health issue in myopinion.
And something that we need toaddress, we need to address

(03:57):
relatively quickly.
And then number five, as you allknow, keeping up with the
Joneses.
For the love of all as holypeople.
Stop trying to keep up with theJoneses.
Stop having the Burke bags.
Stop having the Jordans stopdriving the fanciest cars.
Stop trying to get a condodowntown.
When you don't have the money,stop doing that.

(04:19):
It's not helping you at all.
Might make you feel good rightaway.
But I inherently is gonna makeyou feel like shit later because
you've wasted all your money onsomething that is inherently not
who you are.
Caveat.
If that brings you joy andhappiness and it's who you are
and that's what you want to doand you've planned for that and
have adjusted otherwise in yourplan, then go ahead.
But please, please stop doingthat.

(04:42):
The people don't care and thereal people that you want
around, you really don't give ashit.
So please stop doing so.
So the five money traps that youare probably currently doing
right now that is causing younot to grow your wealth and
become one of those wealthyindividuals that we like, deter,
determine who they are.
That is first and foremost, thedebt cycle, the American dream,

(05:03):
job dependency, financialliteracy, or illiteracy, most
likely.
And number five, keeping up withthe Joneses.
Those are the five.
What are you gonna do to helpyourself?
Here are some things that canhelp you.
One, follow me.
Like share, get this toeverybody, but also seriously,
the resources that we have tohelp you understand on the
financial education piece isgoing to lead you to changing
all the other things.
I said this and I'll say itagain.

(05:25):
Knowing who you are and valuingyourself, right?
Putting yourself on a pedestal,loving thyself first, and
understanding what brings youjoy.
We'll fix and change all thoseother things.
So let's start there.
Second, let's make sure thatwe're bringing in more income
than we're spending.
Third, let's not get caught upin owning a house or all of
those things.
Let's make sure that the planthat you wanna live is good for

(05:45):
you.
Let's then try to invest in someassets that are gonna make us
money while we're sleeping.
So therefore, we are notdependent on whatever your boss
tells you to do.
And last, not least, stopkeeping up with the Joneses.
You can handle all of thosethings.
Your wealth work will grow, andlet's get real.
It's really not fun.
Trying to put on for others andappease others.

(06:05):
You just do that so someonegives you a like, stop doing
that.
All right.
Knock it off.
Very immature if you do it.
I would hate to be so immature.