To recap, what's the formula? What's your wealth number? How long can you survive? which is derived by whatever your freedom number is.
You reduce your taxes, you use debt, you buy and build passive income generators it doesn't matter what kind, then you achieve your wealth number.
So where else is the formula used? Believe it or not, our president uses the same exact formula. He uses debt, and he pays no taxes. He's told you that and he's told the whole world that and the tax code is written for us to do what the government wants us to do. His son in law Jared Kushner does the exact same thing. They use debt and they reduce their taxes.
However, many people have not used it and they don't know about it. That's why I created the formula. And that's why people are struggling because they keep repeating the same old, obsolete things.
Anyway, the whole entire world has used debt. If you look at the corporate debt across the US in the last 10 years, you can see it's gone up to a...
Watch the above video where I explain my timeline to Financial Freedom.
So, if you notice all of these asset classes, they are PIG types of passive income generators. They enable me to pay the minimum amount of taxes via oil and gas or businesses are real estate, etc, etc, etc. So that's basically what I did, I was able to achieve Financial Freedom within 12 to 18 months.
It was very, very easy, and it should be for anyone because you've had a decade of free money.
If you look at the graph, you will see I was earning a lot of earned income, earned income, active income, and my taxes were very high. I used the tax code to my advantage in order to reduce my taxes utilizing the passive income generators, and I increased my passive income. My hours worked decreased over time because at the same time I was building Passive Income, I was on an active income at Direct TV (another asset I was building because I was a shareholder of Direct TV).
So within two to three years, I was...
Years ago I picked an ECONOMIC class, Upper, Middle, or Lower since the MIDDLE is going away. The FINANCIAL FREEDOM FORMULA™ is to MINIMIZE the speed at which it becomes EXTINCT.
For those people who want to MITIGATE their EXTINCTION, I recommend they learn and adopt the Formula, then they will have a higher probability of getting into the Upper class, the other ones that don't adopt the Formula will become extinct with the other population and fall into the lower class.
I teach the FORMULA to those who want to learn. I encourage you to attend my last public appearance on July 18th, 2019 at Freedomfest.
So that's the purpose (WHY) of the Formula and that's why I created it. Alright, so here is what I did. Okay. In my reality, I needed $10,000 a month in passive income. That was my number, right? I had no passive income, as a matter of fact, I was...
I have received a lot of questions about how I what I did and well in this multi-part video series, I will explain the Financial Freedom Formula (F3) and how it teaches anyone how to print money legally.
Basically, the Financial Freedom Formula is about having an infinite rate of return, because that is the only way that I know how to achieve Financial Freedom QUICKLY. Saving money, getting out of debt and working does not work, it's obsolete and has been for decades.
How do you do that?
It all begins with what is your wealth number, that is how long can you survive on your same standard of living if you were to lose your job today? and it's usually less than a month, Meaning many people don't have any passive income, so they are unable to actually live long in their same standard of living if they were to stop working. It should be infinite.
So What can you do?
Well, you generate the necessary passive income that doesn't require...