Richard Taite

Congrats, man. Good.

Listen, there are a lot of people that hide the ball when it comes to financial literacy. I'm not one of them. It's one of the reasons I love talking to the underground rap scene. They have no clue about it. And I definitely, I'm begging to teach them. Because... I've made so many mistakes and I want to make certain that others don't make them because a lot of people don't come back from it.

Listen, there are a lot of people that hide the ball when it comes to financial literacy. I'm not one of them. It's one of the reasons I love talking to the underground rap scene. They have no clue about it. And I definitely, I'm begging to teach them. Because... I've made so many mistakes and I want to make certain that others don't make them because a lot of people don't come back from it.

Listen, there are a lot of people that hide the ball when it comes to financial literacy. I'm not one of them. It's one of the reasons I love talking to the underground rap scene. They have no clue about it. And I definitely, I'm begging to teach them. Because... I've made so many mistakes and I want to make certain that others don't make them because a lot of people don't come back from it.

Now, I did, but I don't know if I'm lucky or gritty or resilient or whatever, but you want to be financially literate. Now, what I would do with my money, okay, is the first thing I would do is put it with a wealth manager. Okay. And they'll give you 5% in a special account, right? Something like that. Now that's not a lot of money, but think about it.

Now, I did, but I don't know if I'm lucky or gritty or resilient or whatever, but you want to be financially literate. Now, what I would do with my money, okay, is the first thing I would do is put it with a wealth manager. Okay. And they'll give you 5% in a special account, right? Something like that. Now that's not a lot of money, but think about it.

Now, I did, but I don't know if I'm lucky or gritty or resilient or whatever, but you want to be financially literate. Now, what I would do with my money, okay, is the first thing I would do is put it with a wealth manager. Okay. And they'll give you 5% in a special account, right? Something like that. Now that's not a lot of money, but think about it.

Let's say you have a million dollars and you're making 5%. Okay, that is 50,000 bucks a year. And you're like, wait a minute, 5%, that's nothing. Excellent. However, you have to put your money away somewhere. Okay, that's generating interest until you know what to do with it. What would I do with it? I would start dollar cost averaging.

Let's say you have a million dollars and you're making 5%. Okay, that is 50,000 bucks a year. And you're like, wait a minute, 5%, that's nothing. Excellent. However, you have to put your money away somewhere. Okay, that's generating interest until you know what to do with it. What would I do with it? I would start dollar cost averaging.

Let's say you have a million dollars and you're making 5%. Okay, that is 50,000 bucks a year. And you're like, wait a minute, 5%, that's nothing. Excellent. However, you have to put your money away somewhere. Okay, that's generating interest until you know what to do with it. What would I do with it? I would start dollar cost averaging.

That means put in a small amount of money every single month into index funds. So it would follow the NASDAQ and the S&P 500 and the Dow Dow. Okay. And these three different exchanges, when you put it in over time, now you're going to probably get like 11% over time. Yeah. But it compounds on itself. It compounds on itself. You got a phone? Yeah. Open the phone. Okay.

That means put in a small amount of money every single month into index funds. So it would follow the NASDAQ and the S&P 500 and the Dow Dow. Okay. And these three different exchanges, when you put it in over time, now you're going to probably get like 11% over time. Yeah. But it compounds on itself. It compounds on itself. You got a phone? Yeah. Open the phone. Okay.

That means put in a small amount of money every single month into index funds. So it would follow the NASDAQ and the S&P 500 and the Dow Dow. Okay. And these three different exchanges, when you put it in over time, now you're going to probably get like 11% over time. Yeah. But it compounds on itself. It compounds on itself. You got a phone? Yeah. Open the phone. Okay.

It's called compounding interest. Right? And all that means is my money's working for me. I ain't working for it. Okay? And you leave it there. And you leave it there over time. This is money that you're putting aside. And if you're working, you're putting aside whatever you can afford. Now, it has to be at least 10%. Okay? If you make...

It's called compounding interest. Right? And all that means is my money's working for me. I ain't working for it. Okay? And you leave it there. And you leave it there over time. This is money that you're putting aside. And if you're working, you're putting aside whatever you can afford. Now, it has to be at least 10%. Okay? If you make...

It's called compounding interest. Right? And all that means is my money's working for me. I ain't working for it. Okay? And you leave it there. And you leave it there over time. This is money that you're putting aside. And if you're working, you're putting aside whatever you can afford. Now, it has to be at least 10%. Okay? If you make...

10 grand a month and you only need five uh five grand a month to survive okay you gotta put away 10% and save the rest for a rainy day taxes whatever okay but you have to put that money aside if you only need three grand a month okay then you have to put the rest away okay because you only want to spend what you need right okay this is so exciting Are you excited?

10 grand a month and you only need five uh five grand a month to survive okay you gotta put away 10% and save the rest for a rainy day taxes whatever okay but you have to put that money aside if you only need three grand a month okay then you have to put the rest away okay because you only want to spend what you need right okay this is so exciting Are you excited?

10 grand a month and you only need five uh five grand a month to survive okay you gotta put away 10% and save the rest for a rainy day taxes whatever okay but you have to put that money aside if you only need three grand a month okay then you have to put the rest away okay because you only want to spend what you need right okay this is so exciting Are you excited?

Hey, buddy. Add 10 years to that for a total of 40.