Episode Transcript
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0:00
Music.
0:23
Yes, yes, yes, yes, yes. What is going on, man? What is going on?
0:30
What's it like? How's it been? Going into the weekend.
0:36
They're a very volatile time in America.
0:40
And honestly, for the world, mostly in the financial markets,
0:44
but eventually that's going to spill over into the regular and what they call Main Street.
0:51
It's wall street and then main street takes a
0:54
minute they used to say that the stock
0:57
market or wall street was the canary in the coal mine meaning if there's going
1:02
to be a recession and there's a lot of people saying there is oh but let me
1:07
let you in on something just because they're having a recession doesn't mean
1:11
you're having a recession so be careful what you let people put in your head.
1:15
So fuck a recession. That's what I say.
1:19
Let's just tweet that. Let's make a shirt. Fuck a recession.
1:22
Other people go on recessions. I do prosperity.
1:25
Even if you get hit by it, fuck it.
1:29
See, most people live and operate inside of their current circumstances.
1:33
You know, what they can see, what they can touch.
1:36
That's what's real to them. But that's bullshit. it. That's not the science of getting rich.
1:44
That has nothing to do with attraction, nothing to do with faith.
1:49
The Bible says that faith is the evidence of things hoped for, hoped for, but not seen.
1:57
Meaning, if you can see it, if you can taste it, if you can touch it,
2:01
if you can hear it, smell it, you don't need faith because you can see it.
2:05
It's right there. Your senses can detect it.
2:08
What we're talking about is something that you can't. And so most people live
2:13
their life inside of the circumstances in which they find themselves.
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If they're born here, that's what they are.
2:20
People like us don't do that. And they may live in an area of poverty and take on a mindset of that area,
2:29
take on a mindset of poverty. And yet, the science of getting rich says, but everywhere we see rich and poor
2:36
living side by side in the same environment and often engaged in the same vocations.
2:43
When two or more people are in the same locality and in the same business and
2:50
one gets rich while the other remains poor,
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it shows that getting rich is not primarily a matter of environment.
2:59
And so everywhere in this world we're going to see rich and poor living side
3:05
by side and while there is this thing of the cosmic roll of the dice meaning
3:11
just random acts things can happen,
3:15
and in those times ideas like gratitude.
3:21
Praying and maybe even trying to line up your own worldview or your own religions
3:26
can, can be difficult because it doesn't make fucking sense.
3:30
You know, make it make sense.
3:32
You know, it just doesn't make sense at times.
3:37
And yet, even with that possibility, that idea that at the end of the day,
3:44
man, life is a trade and some trades work out and some trades don't.
3:49
And that's just how it goes. Being a trader is accepting that risk, accepting the possibility.
3:56
Being a trader isn't about taking a job with benefits. That's not what it's about.
4:01
Being a trader is about being at risk and being okay with the risk.
4:05
Understanding what can happen. Understanding that we learn more through failure,
4:10
which means we have to embrace failure, which means we need risk,
4:14
which means we need losing trades. Next trade.
4:18
Next. Next, next. And the only ones you're going to learn from are the losers.
4:24
So make that make sense. I need losing trades so that I can win.
4:29
Man, what do you do with that? Getting rich is not the result of saving or being thrifty.
4:40
There are very frugal people who are poor.
4:44
I know a bunch of people that clip coupons. They take the cheapest Uber and
4:50
they do everything on the cheap, and yet they don't seem to get richer.
4:54
So in other words, they're clipping and saving to fucking live.
5:01
The only reason, listen, MFG, the only reason you should be flipping,
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the only reason you should be frugal, the only reason you should be even fucking saving,
5:11
is to acquire assets that go up in value or appreciate, produce cash flow.
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There is zero reason to save pieces of paper.
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Except for ultimately those two reasons.
5:25
The reason you will become financially free.
5:30
And then ultimately rich, and then ultimately wealthy, it's not because you were frugal.
5:36
It's not. It's because you woke up with intention.
5:40
Being frugal may be part of the process, part of the plan, right?
5:45
Because we're trying to stack money, trying to stack a bag, right?
5:50
And the nine thoughts on getting rich, number eight is save chunks.
5:57
Save chunks. Chunks of money.
6:00
Now, that doesn't mean you can't save a little each day. If you're like me and
6:04
you earn money every day, everybody should try to earn money every day.
6:07
You could earn money every day if you, almost every day if you were in our second income stream program.
6:13
If you don't know about that, if you go over to petersreport.com,
6:17
flip through, I don't remember what page it's on, but picture me in front of the ocean.
6:21
And that's actually on my porch, by the way.
6:24
I have a porch that you can stand on and look at the ocean.
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Man, oceanfront property is reserved for the mighty So if you're going to buy
6:34
property On the ocean, guess what?
6:38
You need to understand Guess what?
6:41
It may come with troubles But guess what else comes with troubles?
6:46
Just waking up in the fucking morning Being poor has a lot of fucking troubles,
6:51
We're human beings, we don't escape troubles, you just get to pick the type
6:55
of troubles so I'd rather have beach house troubles than my fucking car won't start,
7:01
right I'd rather have HOA problems for my beach house than I need new tires,
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both of those are problems, you choose your problems the often people who are less what do we call it I
7:18
don't want to say less fortunate because I think you're just as fortunate because
7:21
the formula for wealth is time times amount times yield Time times amount times yield.
7:29
And the one we all get is 24 fucking hours in a day. Same for you, same for me.
7:36
It's what do you do with them?
7:38
It is what do you put your mind on?
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Okay, so there's a big fucking difference between earning money and wasting and spending money.
7:50
So if you got one guy over here who spends two hours, you know,
7:54
I started buying properties using mowing yards, guys.
7:58
I got friends that are broke pay somebody to mow their yard I couldn't do that
8:03
I didn't make enough money to pay someone to mow my god damn yard I'm broke,
8:07
so that means I got a lawnmower which means I can go next door,
8:11
hey what's up man my name is Gerald Peters I believe that anybody same thing
8:17
same thing I do on this podcast what am I doing on the podcast right now,
8:21
hey listen up. Listen up what am I doing spreading the gospel of the money flow What am I doing?
8:29
Really what I'm trying to do is sell people back to themselves.
8:32
To sell people on this idea that money, all money, all money comes from other people.
8:40
Money is a life force and a life force comes through other people.
8:46
See, the truth is, other people have everything that we need. We have only to ask them.
8:54
Hello, sir Hello, ma'am We have only to ask,
9:00
Bible says ask and you shall receive He didn't say beg like a little bitch crying,
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He said ask Stand on your own two feet.
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Be a queen of your own world, of your own empire.
9:16
Being a king or queen doesn't mean you're special. It doesn't mean that you
9:21
know you're smarter than other people, that you have some sort of unusual intellect,
9:26
that you have some skill. I mean, you might have a skill, and we know that money works.
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There's four stages to the progression of money. Most people start out working
9:37
per hour, and then you can develop a skill or some sort of service.
9:42
And then number three, you can create a business which is products, right?
9:45
And so you can leverage yourself through that. And number four,
9:48
which I do a lot is with money.
9:51
Money makes money. So I do number three and number four and that's how you progress.
9:55
But if you stay in the per fucking hour, never figuring out how to leverage
10:00
yourself, never figuring out how to push your intent into the universe,
10:04
then you're not gonna see that money comes from other people.
10:07
You're not going to see that money is everywhere and it's unlimited.
10:10
You're going to see your circumstances and you're going to be limited by them.
10:15
And you're not going to be able to be grateful when bad things happen because
10:21
you're going to see life as it is right now.
10:24
In this situation, instead of seeing pillar number 10,
10:30
take full responsibility and realizing that you are where you are because of
10:35
the thoughts that you've held for the last five years or less, three years ago.
10:42
You got more money in the stock market because three fucking years ago,
10:45
I knocked on your door and said, hey.
10:48
And for some reason you listened or someone you listened to.
10:53
Some boys spoke to you and you thought about it.
10:58
That's where money comes from. It starts as a thought. In some person's mind.
11:03
We combine that with intention and thinking, substance.
11:09
We get what we get and we have what we have and we are where we are.
11:14
That's why the 7% run this country and the 93% produce the cash flow and the
11:23
interest payments and the bond payments and they pay the dividends through their
11:28
financing because they live a life of self-consumption.
11:33
They live a life of just getting by. They live a life of the here and now Not saving,
11:41
It's through that process That concept of the genie of your tongue Be careful
11:47
what you listen to Be careful who you let in your head You may have been with us inside of the MFG,
11:55
Maybe for a while you listened to my voice And then, you know, hey,
11:58
Life hit that cosmic roll of the dice Or maybe, maybe you just drifted away
12:03
Maybe I said something you didn't like and see here's the thing I'm just a person
12:07
man now the message inside of me is bigger than me,
12:10
and the push to do it is I don't know why so I gotta assume that has something
12:15
else to do outside of me man cause sometimes I don't even wanna fucking do it,
12:20
yet I get up to do it. I think the reason why is that I know the truth that 1% or less will actually
12:28
ever make financially into independence.
12:31
And right now I'm getting goosebumps as I say it, God damn it.
12:35
1% or fucking less. Listen to that.
12:38
1% or less. That means all these people who are advising you,
12:43
these bankers and these insurance people and these salesmen and the moms and
12:47
the dads and the brothers and the fucking lawyers and the politicians, guess what?
12:53
They're in that 99%. They're not all getting in on the 1%, which means you're listening to the fucking
13:01
losers most of the time, people who've given up on it.
13:06
And they'll try to explain it to you and justify it to you and sell it to you as good benefits.
13:14
Yeah, that works for the matrix. It don't work for me.
13:18
It don't work for the 7%. 7% are trying to become the 1%. See,
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now the 7% are the working rich. But of that 7, only one make financial independence. And here's the thing.
13:34
That number is different for everyone.
13:37
Less than 1% actually make financial independence. So that means 99% of people
13:41
are living in a delusion. And if you ask them what they're going to do, if you gave them $10 million,
13:48
what would they do with their life? if I guarantee within seconds or minutes,
13:54
two to eight million of that would be spent. Not on things that produce cashflow and increase in value.
14:00
It would be spent from the heart. It would be buying the things they already buy that already waste their time
14:07
and already waste their goddamn money. At the end of the day, you trade your beliefs. At the end of the day,
14:15
you live and operate inside of your core values.
14:21
Man, now imagine if you believe that other people have everything you need.
14:26
If you believe that other people are your source, you're my source,
14:28
by the way. I believe in you. Believe in me. If you believe that is true, imagine if you believed it.
14:37
Conditionally, unwavering, total belief. You were sold the fuck out.
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There is no other option. There is no other belief.
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And that's how I live. And sometimes that makes you an asshole because you just
14:52
shut down their shit immediately. Unwavering. If you believe that other people are your source and the life force
15:02
of all of the universe, then the universe is sympathetic to your plans.
15:09
See your mission is your calling in life and
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for some of you the universe wants you to spread your
15:14
art because it's beautiful and for
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some of you it wants you to get the rest of us in
15:20
shape because we've been sitting on the fucking couch too long
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and i need you to tell me to get up and do something and i might need you to
15:27
show me what to do and you're doing the work for the universe and some of you
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get up and put on scrubs and go into a hospital and some of you put on a fucking
15:36
pistol and get in a car and go around and try to regulate these fucking savages
15:40
that live in our country. Some people go in and teach our children. But here's what I want you to know.
15:47
The universe is friendly to your plans and I don't give a fuck who you are.
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I don't care what age you are, what race you are, the sexual orientation you
15:56
are, or what your current financial situation is right now. You can do more
16:00
and be more and have more and become more.
16:06
Man, I hope that helps. Hey man, this is Gerald Peters. Thanks for listening to the Science of Getting Rich podcast.
16:20
Hey, if you don't have my free ebook, you don't have to die broke,
16:22
simply go on over to geraldpeters.info.
16:25
That's G-E-R-A-L-D-T-E-T-E-R-S.info. and hey send me a text 936-661-7786 again
16:37
936-661-7786 say you heard me
16:40
on the podcast i'll send you over that book let's be friends man god bless.
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