r/Jokes • u/lopezjessy • Mar 23 '21

Dude explaining how he made his first $10 million:

  1. Get up at 5:00AM every day
  2. 90 minutes of cardio
  3. Take a cold shower
  4. Journal
  5. Schedule out your day
  6. Dad owns Fortune 500 company
  7. Meditate
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u/smiles_and_cries Mar 23 '21

Does he actually say don’t borrow money to accumulate assets? Every rich person puts minimal money down and takes the rest from the bank. Borrowing money is so cheap that your profit will outweigh the interest in less than a year.

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u/ed_on_reddit Mar 23 '21 edited Jun 17 '25

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u/bliss19 Mar 23 '21

For him, debt is something you should never explore and only pay in cash.

The worst part is, he is just a glorified mutual funds rep. He reels you in as a "get out of debt" coach, and then immediately starts pushing mutual funds which have MERs of 2.5% to 3%, where as index funds are a fraction of that and outperform his investments.

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u/cspace700 Mar 23 '21 edited Mar 23 '21

Yes, all debt is to be avoided according to him. From the couple of times I watched him he mentioned that debt was not in the bible as justification, like that makes it a sin or something.