1:55. Oh yeah, they're going to solve that problem that they haven't solved since World War II. And also threats to National Security and all that jazz. Yeah, they're going to solve it by getting the little guy to report his data, i.e., taxpayer information.
2:05. Yeah, because, you know, because when real money laundering and real criminals, they like to use LLCs, John. Like my barber, I'm going to tell my barber that he better go ahead and register. He could be involved in financial crimes.
2:24. Also because FinCEN doesn't get to see the money moving in and out of your account, only the bank does. Yet FinCEN is going to police, what, your data?
Educational series on divorcing the state what I'm seeing is this huge billion dollar bill multi-billion dollar market run by a franchise we know as the family court and they're just abusing men. 79 or 80% of petitions for child custody, separation, and divorce are filed by women, wives, girlfriends, people, and women. So what I'm going to talk about is going to sound biased in favor of men, and I'm not going to apologize for that, maybe I am, cuz I'm explaining myself, but it's going to be that way.
This is pro-father, pro-husband, and that's just the way it is. I want to describe what's happening in a divorce, or one of these petitions, because you don't have to be married to be involved in this; you just have to have your girlfriend or wife file a petition in the courts, and that's where it begins.
1:43. what's happening is because you're the father and or the husband usually starts out as husband in any case because you have the liabilityNnohis is just the way it goes for centuries. You have the authority, meaning you are the court. You are the final arbiter, and when the wife/ girlfriend doesn't want to obey, doesn't want to participate or wants to leave that relationship, and she wants to force you to reallocate your resources. Now this is a language I'm giving you, guys. This has to do with child custody. That's a property right. Your income, assets, and I don't care if a wife makes more money than you, money that goes into the household, we are going to say that it is property of the trust, in which the father and the husband is the trustee. I know that's a generalization. Just go with it because I want you to understand these basic concepts. So the wife goes outside the marriage. Now, remember, the wife is the beneficiary. The role of the wife is created by the father/husband. It doesn't exist without the man saying, "Yeah, I'm going to marry you. Yes, you can live with me, okay? So she goes outside this to countermand your authority. She goes and gets an attorney, whatever, and goes to the court the court uses and abuses its power of contempt to coerce the man, the husband, and the father, into reallocating his resources. Now, there is no adversarial relationship between the husband and wife, girlfriend/ boyfriend. We have to say girlfriend/boyfriend. If you have a girlfriend/boyfriend relationship, it's husband and wife. The wife doesn't agree with you on a material aspect. Maybe she wants to take a child out of the country. Maybe she wants to leave the household and have her own household and still make you pay for it. This is where she gets the police involved. When I say police, I'm talking about the police power of the court. The court is judicial but it has a police power known as contempt. On this is what's going on, there is not even a statutory authority for contempt that I'm aware of. Contempt just came out of a fiction that the court created to enforce orders, and to some extent, we want that but I think we want to limit that to Criminal Court. But that's another matter. So the wife goes outside and, in fact, many times she uses the resources of the trust, this relationship. She uses those and misuses them to try and pillage the trust. Beneficiaries can't do that.
4:58. Now what I'm going to do is I'm going to show you this list here. These are bullet points. I'm going to do a screen share, so you can follow along in writing and you can go see for yourself. Now, I have not come here . . . the complete legal brief which is coming. There's a legal brief for all of these points here. Ultimately what we are saying is that the court does not have the authority to force the man to reallocate his resources outside of his will. What he decides, he is the final arbiter on matters in the marriage or the live-in relationship, which are considered settled. Courts do not impose contractual terms. Sometimes the court has to make a decision on a dispute within a contract, but if you look at all the case law and if you look at all our jurisprudence for centuries dating back to England, you'll find that courts do not create contractual terms and impose them upon either party. They decide matters that are decidable between adversaries.
6:13. Here are my bullet points. I'm going to start off by saying that your family court is simply destroying the family. You guys know this already. You don't have to be a victim of it. I'm going to show you how you don't have to be. The path here. Now this applies even if you've already been through court and the court has ordered a divorce decree, a judgment, you know, established alimony, child support, all these things, child custody.
HERE ARE THE POINTS
POINT #1: THERE IS NO JUSTICIABLE CONTROVERSY BETWEEN HUSBAND & WIFE
There is no justiceable controversy between husband and wife. Justiceable you can't judge a controversy between a husband and wife because the nature of a husband and wife is the union. Every law in our jurisprudence . . . Jurisprudence means the way we do things in law the way we relate to each other legally . . . recognizes husband and wife as a single person even in every type of contract, even with your tax returns, legal protections, things of this nature. But what the heck are they doing when you come into court on a marriage?
A marriage is a special contract. It's not a contract between adversaries. So the court can only hear cases where there is an adversarial matter and where matters are disputed that have not already been decided. That's where the court, we want the court to hear those matters. Well, a marriage is already decided, and the final arbiter has already made a decision, and I'll show you how that works. The final Arbiter is the husband and the father.
8:00. POINT #2: THE NATURE OF A MARITAL UNION IS NOT AN ADVERSARIAL RELATIONSHIP SUCH AS IN A BUSINESS CONTRACT
The nature of a marital Union is not an adversarial relationship such as in a business contract. For example, custody of children in an allocation of money and other resources is already settled. Let me explain.
POINT #3: CUSTODY OF CHILDREN AND ALLOCATION OF MONEY AND OTHER RESOURCES IS ALREADY SETTLED; COURT LACKS JURISDICTION TO INTRUDE UPON AN ESTABLISHED AGREEMENT
The court lacks jurisdiction to intrude upon an established agreement . . . watch any case you want to pull, you'll see that the court is observing an agreement and maybe it's making a decision as to the rights and liabilities expressed in a contract and sometimes the written agreement, or the contract, sometimes there's not a written agreement. So based on the facts, the court has to discover an agreement. It doesn't matter if it's in writing or not. It's helpful if it's in writing but your marriage, or your live-in relationship, has provisions and terms that are already established, and because you're following those, for example, who pays the light bill? The man's paycheck, let's say, pays the light bill, but maybe the wife makes money, too. But still, that money goes into the household, and the man is the trustee of that money. This is what I'm saying. The man is the trustee of the money. So now he has a fiduciary obligation to the wife, girlfriend, and or children. These are matters already settled. You just never thought of it that way.
POINT #4: NATURE OF MARRIAGE; GIVEN NOTICE IT IS AN IRREVOCABLE TRUST PRECLUDING ANYONE FROM INTRUDING OR PILLAGING MARITAL PROPERTY RIGHTS, INCLUDING INTANGIBLE PRIVATE PROPERTY (E.G., THE EXERCISE OF ONE'S RIGHT TO CHOOSE)
So when a divorce petition is filed, for example, it's asking the court to discover finances and then reallocate those according to some standard, like the state legislature decided, or whatever the wife wants, her desires, whatever that is, whatever can be argued. It is the nature of marriage. So what we do is we give notice to the court that the marriage is based upon and irrevocable trust. You cannot escape the role of Father/ husband, and therefore the wife is always the wife because it's irrevocable; it's a matter of nature. It's just how it works. For example, let's say I become the president of a corporation. Well, then I can resign and someone else can become the president. Well, if I'm the father or husband, I don't get to do that. I'm always going to be. So the irrevocable nature of the trust precludes anyone from intruding upon, or pillaging, stealing, destroying, marital property rights. I'll explain what that means. I'll tell you something you've never even thought of before. Intangible private property rights. For example, the exercise of one's right to choose.
10:40. Here is an example of that. The husband and wife, girlfriend and boyfriend, they decide who's going to pay what bills. This is the simple version. Who gets to review that [decision]? Well, the people paying the bills, right, the husband and wife. That is an exercise of an intangible private property right. That is a settled matter, the right to do that, to choose has been exercised and an arrangement has been reached. If you don't have that in writing, that's fine, most everybody doesn't and why would you, right? But we can reverse engineer that based upon what you're doing, so the contract in the marriage, the different provisions of the contract are established by what you have been doing. That is the standard. But what the state what the state is trying to do is impose its own standard that was written by the state legislature, and I would have to say that it's arbitrary and capricious because it has nothing to do with what the father and the husband has decided as the final Arbiter. Matters are already settled. So now I'm not even talking about a situation where they're is a post-nuptial or prenuptial written agreement. That would be nice if you had one, but you don't need it because marriage in itself is a special type of agreement in which matters are settled and continuously settled and revised by the husband and wife. And it's an exclusive and unique relationship. No one can intrude upon that. Why? Because no one has the liability and the obligations within that marriage arrangement. No one else can benefit from it. The wife is the beneficiary. The children are the beneficiaries. There's no adversarial relationship between trustee and beneficiary.
POINT #5: MARRIAGE AND MARITAL COMMUNITY CONSTITUTE A PRIVATE MEMBERSHIP ASSOCIATION NOT SUBJECT TO INTERVENTION ABSENT EVIDENCE OF CONDUCT CONSIDERED SUBSTANTIALLY EVIL
12:20. So it is a private membership association. Right now, the way the law works on private membership associations, and I'll give you an example of one, a church. As you've heard news over the years, churches cannot be investigated for certain things. This is the same thing with a marriage. It's just like a church, okay? It's a private membership association. It's not subject to intervention absent evidence of conduct considered, this is an important term here, "substantively evil." This is the standard by which a private membership Association, such as a marriage, could be intruded upon. And it's not really intruded upon if there's something that's substantively evil happening in it. For example, if you're using a marriage relationship to traffic children. That sounds like a crazy example but that would be substantively evil okay.
POINT #6: NO ALLEGATIONS THAT ANY CONDUCT IS SUBSTANTIALLY EVIL
So, in a pleading, a cry to the court, a petition to the court for divorce or separation or child custody, there would not be any allegations that conduct is substantively totally evil. I mean I've not seen it, and it's actually not the pleading standard. You're not going to see that. It's not required in a divorce petition, to please something is substantively evil. It's not even within the cognizance of most attorneys or all attorneys. They don't hear this, they're not trained like this. But this is the nature of what we're dealing with, and it's completely ignored right now.
POINT #7: NO ALLEGATION OF DIMINISHED CAPACITY
There would not be any allegations of diminished capacity and I'm not sure how that factors in. I don't hear that too much, but, for example, maybe because of diminished capacity, the father or husband can't carry out his fiduciary obligations. Maybe that would be a reason why the court could get involved. But again, it wouldn't be family court; it would be circuit court for other types of relief, like injunctive relief, not divorce.
POINT #8: NO ALLEGATION OF ABUSE OR NEGLECT
All right, so there would not be an allegation of abuse or neglect, or, if there is, there would have to be supporting evidence. Sometimes you'll have that, and then sometimes it's justified. I mean, I grew up in a household where there was, okay. So I understand that. My mother was afraid to do anything until we got older. In any case, I understand what that is. In most cases, that I've seen that have come before me where people want help, there may be an implication of abuse or neglect, but I've never seen an evidentiary hearing. Now I am sure there are some, and you should have an evidentiary hearing.
POINT #9: NO EVIDENCE OF ABUSE OR NEGLECT
Evidence is required to substantiate allegations of abuse or neglect. If you're the one being the abuser or being neglectful, I'm sorry, I can't help you there. You're the one being the abuser or being neglectful, I'm sorry, I can't help you there. This doesn't apply. But I'm assuming that those of you who are watching this that need help you're trying to do the right thing and there is no abuse or neglect okay
I suggested a way to do something to get control of a real estate, and he said well can you do that for me? And I said, "let me show you how to do it," so I told him how to get financing and buying real estate because he was going to wait. He said, "I'm thinking in about 2 months I'm going to get some money," and I said why? What are you waiting for? Make the offer. Someone else is going to buy the thing, and if you do things like that you're just going to lose, okay? So make the offer get it accepted or make the offer and get the seller to say go take a hike okay. That's really what you want. When you're buying real estate, and I said you want your first offer rejected, that's where you start, but get your offer eventually get your offer, get it accepted and then go find the money to close the deal, because you get 30, 60, 90 days if you can work it to find the financing. And you should find the financing. This is how things are done. And the default exit from the offer, acceptance, and consideration for the purchase, the default exit from that deal is failure to obtain financing. No harm no foul everybody walks away no penalty do it make the offer so here's what I told him if you guys want to know and this is what my point is coming down to how do we protect our property rights? How do we do things like I'm going to describe here? So I told him you don't need to make an offer on the property to buy it. You may want to buy it eventually. Why don't you just control the title? All you really want to do is make it where you get your foot in the door, so that you can either find a financing or sell your interest in it. What kind of interest can I do? Well, I'm not a licensed real estate agent or a broker because those guys have a license. The reason being is they're selling property that's not theirs, so there has to be a license for that. But if I sell property or buy property for my own purposes where I take an interest or I acquire an interest before I sell it, it's legal. I don't need a license for that. So even if I wanted to sell property, purely sell it, I can do so just by what I'm going to describe for you right now. I could get an option to purchase the property at a later date, or under certain conditions when they occur. It's a it's an options contract. You guys probably have heard this lease option, right? Well, the options contract is a separate element in that arrangement. So if I have an options contract, I can add in there the provision that says, "I have the first right of refusal." That means anyone else that wants to come along and try to buy this property, doesn't get to go to the title holder. He has to come to me. In fact, the title holder has to come to me. Because in the contract it says that I have the first right of refusal then I control the title right I also have the right to assign it so let's say I couldn't find the financing right away just I just changed my mind I can sell the contract in fact I can sell the house you see how that works so by looking ahead I can set up contracts that protect my rights do I need a lawyer for that no most lawyers aren't competent to do something like that and this is part of our conversation so I told him what to do I'll share it with you guys I said go on that I said go on the open AI chat GPT just use AI go on there and start a conversation with the AI and tell it you want to write an options contract purchase real estate to purchase real estate so that you have the option to purchase it in the future and the AI will say sure here you go poof it'll give it to you right and then you read it over and then I said tell the AI that you want to add a provision in the contract that says you want the first right of refusal to consider any offers that follow that date of the contract that way everyone has to go through you during that period of time you want the first right of refusal the AI will write it into the contract then you tell it you want an assignment clause and you give the specifics on that do you see how this works I could have probably charged him a couple hundred dollars and done just that in 5 minutes not even 5 minutes okay but I really want people to be educated we are smart we have power the digital power we're giving it away we are complaining about it we already gave it away when you bought your house you had claims on the title you agreed to that you had the county the city you had probably got a more mortgage which is a good idea okay just understand what you're dealing with understand that the mortgage is the law of the property it's a claim on the title the mortgage instrument itself is the law not the statutes that govern the mortgage that's just your state protecting your interest and protecting the bankers interest okay the state statutes regarding mortgages there's a certain rules of the banks have to follow but the mortgage itself That's the Law of the property understand what that is so recognize liabilities recognize when you have claims on the property permitting and and things like that understand what can be done and what cannot be done what you signed up for okay the same thing that we talked about you know we understand what easements are I think now and Covenants for homeowners associations and how they could be used actually for our benefit and to fix some problems so we talk about that now to summarize what I money is a claim and the claim the best you can do with it is to transfer it
from Decentralize.TV - Episode 12 - Sep 5, 2023 - ACE OF COINS - John Jay Singleton reveals cryptocurrency TAXATION secrets the IRS hopes you never learn.
Todd Pitner. First I'd recommend that people go to ace of coins.com and get information from John on your tax liability if you own crypto.
Jonathan I go way back because when 2020 happened and the boogie virus over the world I could not wear a mask it's a physical thing I ultimately had to go to court lawsuit against Costco and I had a three count lawsuit against Costco and John and he'll explain this while he's under attorneys and he helps them he guide them ultimately because you type or not because you told me I didn't.
He looks at the time value of money for example the discount rate if I buy a taxing certificate there's a discount rate is my discount rate is where I'm going to make my money the moment I buy is where I make my money.
6:44. Net Present Value on Wikipedia. This gentleman ode the IRS $100,000 and they were garnishing his paycheck well you only make so much money right so the garnishment was like 20% of his pay could have been 10 it should be 10 if not and you're filing returns you can make it 10%. But because the stress of the debt got to him he decided to pay the entire $100,000. What does that look like compared to the use of capital with the other gentleman where he took the cash and instead of paying off the debt the IRS debt is unsecured also the one man had a wage garnishment but then decided to pay off the entire principal $100,000 the wage garnishment was a heck of a payment plan if you ran the numbers on it the interest rate was probably far less than his credit cards. He really destroyed the net present value of that capital.
JIM, 9:00. Annette present value is a thing you do with every time every day of your life it states that if you had $10,000 today and you had 12% inflation in one year that $10,000 is worth $8,929 so if you and 5 years that same $10,000 was $5,674 in 10 years it's worth 3,200 value so if you were to get $8,900 a year from now that would be worth $10,000 to you today. So that's what you would get today if you had it so it's just a matter of pulling the cash flow back into current dollar so it's making all of the predictions and all the things that you have based on the assumptions that you're making and gives you the current so you can change it you can say well what if it was a 5% inflation rate and then you can do that number as well so $10,000 today would be worth $9,500. 5 years from now it would be worth $7,800 10 years it would be worth $6,100 accounts use this to look at projects and pull the cash flows back into current. To determine what's the best course of actions to have.
Business and Entrepreneurship. Create income for yourself without getting an extra job. With risk, you can make money. Do what others are already doing.
Every month I buy products--Amazon, Shopify, etc.
They're buying things they're going to be using again and again. find a website that is selling it even in bad economic times, vanity products, provide comfort, like pet supplies, toys, they'll but in almost any economic times.
exercise gear. I want risk that I can manage.
Can't avoid rent, can't offset that.
3:55. Maybe you don't like the product but you know it's being sold, right? Become a consumer, go shop for the thing and think to yourself, "Gosh, can I sell this thing? Who is selling it? Who's got a website that's selling something like this, or who's got a website selling stuff that I can replace with the stuff I want to sell? Start thinking like that right so what I typically tell people is buy a website that is selling a vanity products and usually the asking price the criteria for this is the asking price for beginner someone who's never done this before the asking price should be within 6 months of the net income of the business let's say a year okay a year means more risk right so let's say it's netting you to $2,000 a month and it's going to cost you let's say the seller wants $8,000 so it's going to take 4 months of net income to pay it off why do I say it like that well that's a pretty manageable debt it's not really a debt because you're investing in an asset you're investing some way to produce money without working for that money okay but why would I want something that is going to net me $2,000 a month and it's going to cost me $8,000 because when I make the offer to the seller maybe he's going to be willing to finance it to me. Okay you think well who cares about financing $8,000? I do. If I had $8,000 in my pocket, I'm still going to borrow it from you. Okay, because that's what you do; it's just what you do. Why not always offset your risk every moment you get a chance, right? So it gives me a good opportunity to go to the seller and say, "Hey, I like it, and yeah you only want $8,000 (and I know I'm speaking hypothetically here) but you want $8,000, can you finance it to me? If the seller says no or hesitates, I'm going to ask him why. Why would you not finance it to me? It's such a low risk and I don't know you and you get your money.
5:40. It's only $8,000 and if the numbers are really what you say they are then why would you have a problem financing it to me see it it gives you a little bit in my opinion it gives you something to talk about for negotiating for financing you always go to the seller for financing first. That's what you should always do. I don't care if you're a millionaire. Always go to the seller for financing; you can always refinance out by the way. But to start out with, especially if you're new, get something like that.
6:06. What do I really want? Everybody is gonna say "I want to sell a thing to everybody on Earth," and "I want to be a millionaire." Okay, that sounds really nice, but let's just be practical here, all right? You got a job, you learned how to do that; you've learned how to do a lot of basic things to make you where you are economically. So let's just do something a little bit different. Let's try to create some cash flow without having to work for it . . . well, you are going to work for it but it's not going to be an hourly type of activity, or vocation.
6:36. So why am I doing it? Let's have a purpose. Not because John Jay said it's a great idea, but what you want to do is maybe offset your mortgage payment. Can you imagine making your mortgage payment because the website over here is working? You check in every day with your phone, and make sure the shopping cart is working. Make sure the website is still loading. Make sure there's no broken links. See if there's any problems with refunds. Oh, and by the way, you don't have inventory, because you set this up to where someone else is shipping the inventory and restocking. Well, you got to make sure that you're doing that right, so basically you can run the thing with your phone after you get going for a while. And this is what I told my children, you know, I said, "Forget going to college. There's no college unless you want to go to a technical university or a foreign university that's actually still a university. Don't do that. Instead set up a website. This is what I told my children starting 10 years ago, "Make money as an entrepreneur. Use a website. You can use technology to make money, and then travel around the world and have that pay your way to travel around the world. And work for people. Sometimes you can work for people for free so you can learn. That is, I think, the best way to learn," and this is what I told them. So they're kind of doing that now. They are a little afraid but they're kind of in that position to do that. And I'm suggesting to my clients to do that. When someone comes to me with student loan debt and he's 25 years old, or like that, I'm going to show him how to set up a website, to make money to offset the debt payments for the student loan and then pay it off, pay it off with an asset. If you come to me with a student loan at 55, I'm going to wonder why you have a student loan at 55, but I'm going to probably make it to where you're uncollectible. I'm not going to try to show you how to pay it off, right? It just depends on your age.
So this is a tool that you can use to offset a typical liability, a mortgage payment, where . . . you're all really good about doing the thing our neighbor did. You own a house. Your neighbor figured out how to own a house. He went to the bank. He figured out how to qualify for a mortgage, so did you. But did you acquire an asset before you acquired the liability of a house? Did you go and buy a house and start renting it to somebody else, and then take that income and use it to go buy a house to live in? No, you went to buy a house. You went and bought a house to live in first; you bought the liability first. You learned how to do that first. I don't know, maybe that's what we're supposed to be doing. I'm just thinking if you want to be ahead of the rest of the pack, let's say, if you want to be ahead of most people, if you've already figured out how to buy a house and go into this huge debt to incur this huge financial liability, why not make those payments, those monthly payments from something you can buy for like $8,000? Maybe it's going to cost you $20,000. Okay fine. Maybe it's going to cost you $30,000, and maybe to get the $30,000 you have to use your credit card. And you're going to use your credit card not to buy the business, but you're going to use your credit card to offset another liability you have all the time and then take the cash you would have normally used to make those payments and use it to buy the asset. There's all kinds of ways to do this
9:50. This is what I normally tell people. That's the criteria--find something that with the net income it's going to take around 6 months to pay it off if you were to get financing. It doesn't have to be that way. You could take 3 years. It depends on what you have a stomach for. You could set up a deal and maybe you're going to lose sleep every night. You don't want to be in that situation either. Pick something you can handle. I always give the example of something that is under $20,000. About 3 or 4 years ago, one of my clients was doing that. This gentleman was 26 years old, and we had the same conversation, here's what you do, one, two, three. He went and did that and it didn't work. He made an offer like I told him. He did exactly what I told him, and it didn't work. And before he even made an offer on the first website business, he went through 20 to get to that one offer. He made the offer, and somehow it didn't go through. I forget what it was, maybe he couldn't reach a deal with the seller. I don't know what it was, but he didn't tell me. As he was doing that, he told me afterwards when he finally succeeded, it took him 6 months, when he finally succeeded he said, "You know, I was going to call you when it didn't work the first time. But he said I knew that you would tell me to go look for another one, so I didn't bother calling you." And he was right. I would have told him, I would have said, "Look man, don't call me. Go get another deal." That's how it works. What am I going to do, right? So he did. He went to find another deal and he found another deal after looking for it, and that failed. He made an offer and it didn't work. So again he didn't call me, thankfully; not that I don't mind talking to him but still what am I going to tell him? Go get another deal. So he did. He went and found another deal. So now this one wasn't the $20,000 deal it just turned out it was a $200,000 asking price because he was working with a broker and the broker this is what I had him do this is why it's useful to work with professionals that have resources and contacts okay it's not just because he's the professional it's because you don't have to reinvent the wheel with a broker in this case he already knows who to go to and and what to say right so the broker hooked him up with a lender and this guy had good credit now I'm not saying you need good credit to do this it just worked out great for him so is as he was able to finance he did exactly what I told him he asked to sell her to finance it the seller was a corporation seller said yes they financed 40% of this $200,000 he went to the lender in the lender said we'll Finance the other 60% he bought himself a website business, a tech-type business, for $200,000. He paid the asking price he got 100% financing and the net income on it was $13,000 a month I'm not saying everybody is going to walk into that kind of deal this guy just happened to walk into that deal but was it more difficult than an $8,000 website I asked him after it was all done in fact I have an interview on this I don't know if you've seen it before what I asked him what was the effort if you compare getting a mortgage to doing what you just did buying a business that's netting you $13,000 a month what effort did you undertake compared with a mortgage and he thought about it for a few seconds he said it's about the same effort. Paperwork and everything it was
13:25. AMAZON BUSINESS. So why the heck aren't you doing it. Okay with that being said I'm going to introduce you to something that one of my clients was very kind and generous enough to introduce me to and I think I'm going to do it this is a side thing for me I'm always going to do a side Hustle I'm not going to turn down free money I looked at it like gambling and I have to say I'll put some cash into cryptos I made some money in it and I'm out I don't even like doing stuff like that. A few years ago my wife did this again because I like to stay focused on my profession I can't turn things down so I had my wife run this Amazon type business she has eBay and stuff like that and so after a Time Amazon appeared to be just so I said well just close the account why struggle with it you're not buying you're not a big buyer you're not buying a half million dollars of inventory the other guys are why are you competing with them you can't do it so she close it down the other day my client came to me and said there's a company that's allowing you to come in with $10,000 or $5,000 to come in there and buy inventory at the same rate that the big companies are buying at $500,000 a month you can get the same rate that allows you to compete with them moreover this company is actually managing the website for you and I'm not talking about vanity products I'm talking about anything you want to sell on Amazon wouldn't you like to get a piece of the income stream from Amazon all you need is a website and the algorithms and what Amazon is doing you get access to the trade secrets that Amazon has you're not going to get the trade secret but you're going to get the buying power from this group and you're going to get the strategies that Amazon has because Amazon wants you to sell stuff in a way that you're not competing on price.
15:25. If you want to do this . . . I don't want to talk to people that just want to talk to me. They're not serious. You need to have the ability to put up $5,000 for 3 years worth of service. They are going to do it for you and the ability to buy inventory. I would suggest that you have another $5,000 for purchasing inventory. So let's say you have $10,000 to spend the first 5,000 is cost the next $5,000 his inventory the websites TurnKey they run it for you they help you buy the right products put them and it's all done. It's a turnkey operation, and you just roll that money back over and get more inventory. I can tell you, in the last 3 months he's made close to 40%. He's made a return on his investment of close to 40%, anywhere from 26% to 43%? Somewhere in that range that doesn't mean everybody does that he says you got to pay a little attention to it is all that you have to do.
16:38. I'm offering this to people with what I just said at about the ability the method the strategy of getting a website that makes money it doesn't have to be a website you can do a joint venture with somebody and make money I'm not talking about that tonight talking about setting up a way to sell consumer products that's already they're already being that are already being sold the only thing is you're missing from that equation I'm telling you to go sell those things consumer goods. There is a already a turnkey system through an Amazon affiliate who set up a platform that gives you access to the same ability as a larger business that is spending $500,000 a month on inventory you only got to spend $500 this gentleman that introduces to me said he's so far invested in reinvested he's so far invested and reinvested a total of 42,000 in just a few months and he's in there like around 40% return on investment 38% something like that. He says, "I don't even want to take profits yet." He says he doesn't want to take profits until he has a rolling net worth, like a rolling inventory around $150,000 worth of inventory and he's going to net himself around $20,000 to $30,000 a month. What the heck can you do with that money? You can really go out and buy that 7-Eleven, right? You take that cash and use that cash as leverage to get financing to do something else.
18:09. You can also do something like this. Let's say you set up this business right and you use my strategies on the LLC you make that LLC the owner of the business the payment processor and you start making this money right now you've got yourself a balance sheet with cash flow and a net worth and let's say you did that today let's say you got it going and into the summer you're starting to make money and it's not going to take that long but let's just say into June right so let's say by the Fall you've got this money rolling along and you got this cash flow let's see I don't even know what we're talking about let's just say we're talking about a value of $20,000 what can you do with a business that's worth on its face $20,000?
