Watch This Now If You Ever Want to Retire - The Game Has Changed

[00:01] always like to tell people to go on offense, right? To to keep buying. kind of gathered it. Is that accurate? >> Always be buying, ABB. call for someone who's basically done accumulating and just can't afford to

[00:16] >> Well, it depends on what your investing strategy is. I like to invest for cash flow, the way that you get paid is not by selling your investments, it's by investments you own, the more you get paid. And so, it depends on the game

[00:30] that you're playing. If you built your wealth, then your strategy is different be buying. The way you build wealth is by buying investments. But if you built your wealth, you're in retirement, it's a very different game now. For example,

[00:44] In Briefs Finance, my company, we publish research and we have tools. And everything that we have is built around three types of investors. There are growth investors, the person that just wants to see their portfolio go from

[00:58] wants to see their portfolio go from $100 to say $200 or $1,000. >> The income investor who wants I invest $100 and I'm making, you know, $5 in cash flow every year from that. And then there's the wealth preservation person.

[01:12] there's the wealth preservation person. The person who's 62 or 75 who does not not lose their money, which you're calling defensive. So, you got to know the game that you're playing. >> That's very true. So, I always kind of

[01:26] default to depends how old you are, right? Is a big factor and then I guess secondarily is how far you've come along in in your life. >> Yeah, but also I'm thinking more than age you see what you want and where you

[01:40] >> Well, Colonel Sanders started KFC when he was 65. >> Yeah, I mean, if you're 63 and you're like, you know what? I never took my finances seriously. I want to start investing. Go for it. Who says

[01:55] you're you're old now? I mean, go for it. People live until 100, 110 now. >> Well, you better know you. >> I'm a little more sensitive I guess I'm I'm not as risk adverse as I think my audience is. So, I'm sensitive to that

[02:09] and I'm empathetic about that and I don't want them to take a giant leap or take this giant risk based on something that I said or nudged them towards. So, the the diplomatic way to to say it and also

[02:23] actually be helpful. So, if someone's 62 years old, between 50 and 60, and uh haven't you know, accomplished what they wanted to accomplish financially yet. Is you just invest? >> Well, you got to be real with where you

[02:39] are. If you're 55, you want to stop working at 65. How much money do you need to stop working? And there's two ways to determine what the number is. Option number one is you could say I need $10,000 a month, hypothetically.

[02:54] Option number two is you could say I need $2 million. Which one is it? Is it I need a certain amount of income or do I need a certain amount of assets? If you need $2 million, now the question is, how long will these

[03:09] $2 million last you? And what many people say is follow the 4% rule, which is you can pull out sell essentially 4% of your assets every you get $80,000 a year. That's the general

[03:27] money you need and now how far away are you? If you need $10,000 a month in income right now and you have 10 years to get it, you're not that far away. If you are needing $10,000 a month in income and right now you have $44 a

[03:41] you better get more aggressive. You have to take on more risk. You have to figure out how you're going to bridge that gap. You know, I think a lot of people they want the it's okay, it's going to be just fine. Well, sometimes, you know

[03:53] what you need to kick in the butt and realize math and dollars are not are. It doesn't care how hard you worked. It doesn't care how whatever you worked. It doesn't care how whatever you feel. It is what it is. And so, there

[04:06] you need to go. You can go to any calculator on the internet and figure out what your wealth number is and now figure out how far you are away and if it's you need more, you got to be willing to take on more risk. I mean,

[04:19] how wealthy you become. How much money you invest, how much time your money has to grow, and the rate of return on your money. Period. There's nothing else that And so, either you can invest more money, you can give your money more time

[04:33] to grow, or you can get a better rate of return. And now you determine what are grow your wealth. >> There's so many people sitting on the 3% 4% mortgages. And now that I know that that Rich Dad Poor Dad was the big

[04:47] probably come from the same school that there is good debt out there. And based on that type of long-term fixed debt at these low rates that we have and inflation doing what it's doing, we know the long-term math is going to work in

[05:01] our favor by holding on to that debt. Where do you draw the line there for for that uh is kind of thinking should I invest extra money and pay off the house or should I hold on to the mortgage and

[05:14] >> Yeah, so actually I've met with Robert Kiyosaki multiple times about this and who's the author of Rich Dad Poor Dad. He and I actually kind of disagree on this. Uh I think all debt is bad debt. People misinterpret what I say when I

[05:27] say that, but let me clarify. I don't say you shouldn't use debt, but if you don't treat your debt as bad debt, what you think is {quote} going to turn around and bite you in the butt and it's going to turn nasty really

[05:40] fast if you don't know how to use it. And so, this is where it's very clear versus bad debt. what people say is they're talking about consumer debt versus business debt, assets debt. Now,

[05:54] debt. I don't like financing cars. I don't like the idea of financing vacations, financing sofas. I think that's all stupid. Uh if you have credit do is pay that off. And the reason why is let me give you a simple scenario. If

[06:07] I give you $8,000 right now and you were to invest the $8,000 today and you never touched the $8,000 ever again and you never invested another penny and your money grew by 20% a year, your $8,000 is going to grow over the next 40 years

[06:22] Not to half a million dollars. Not to a million dollars. Not to 5 million dollars. Not even to 10 million dollars, but to 11 million and say, "Okay, Dustin, that sounds great. I can find $8,000 somewhere.

[06:37] Where do I get those 20% returns?" And the reality is you are not probably going to get those returns, but do you know who is? Amex, Visa, MasterCard, paying it. The first thing is you got to pay off the credit card debt because

[06:50] their pocket. You're working hard to make them rich instead of making yourself rich. Now, as you start to allocate your money towards your decision. Well, what am I going to do with my

[07:03] money? Am I going to invest in stocks? Am I going to invest in real estate? Am I going to invest in gold, cryptocurrencies, private equity? Or am first thing is you want to take a look at well, what type of debt do you have?

[07:16] first thing I talk about is if it's a double interest rate, double digit debt, 10% or higher, pay that off first. But now when we talk about a mortgage at 4% year, the question starts to become a little bit different. Or if it's a car

[07:32] loan at 6% while the stock market has grown by 10% a year, it's a little bit Now, I don't like consumer debt, but you have to make the decision now of what's right for you depending on where you are in today's economy.

[07:45] Because the stock market has averaged 10% a year. a year. But sometimes it goes up by 3% a year. Sometimes it goes down by 20% in a year. And you don't know what's going to

[07:58] But when you pay off the car, it's a guaranteed 6% return. guaranteed 4% return this year. So, it goes back to knowing where you are on your financial journey. If you're somebody who says, "I just

[08:13] money anymore. I'm done stressing about money. I hate worrying about my bills." Well, then paying off that debt is going to give you a lot of that relief. If what? I want to be rich. I want to fly first class. I want to

[08:27] stay at the nice hotels." Well, now you got to be Well, now you got to be willing to take on some more risk. And that decision for yourself. Then you can also take a look at, well, what is your

[08:39] experience level and how, you know, how involved are you with your investments? never I don't even know what the stock market is. What is a brokerage?" investing is just pay off some of that debt as you start to learn. There's no

[08:52] one-size-fits-all. I say personal finance is personal because what's right So, >> I get that and it's all totally logical. And I I don't disagree with anything that you said. Now, when you go and take

[09:06] into account what our dollar is doing, what the Fed is doing, what the inflation is doing, how do you factor that in or do you at all? >> I mean, at the end of the day, that's why you want to invest. Now, again,

[09:18] emotion because you have to understand both. I buy a half a million-dollar house today with a 6% mortgage. Well, that 6% mortgage or 7% mortgage is locked in. Inflation, I don't know what that is. Right now, it's 4.2 or whatever

[09:32] percent. Is it going to go up to 5, 6, 7% or is it going to go down to 2%? We going to keep printing money. We know the dollar's going to keep losing value. The house will hopefully go up in value. And if you can get a mortgage on it,

[09:45] that principal, the added equity, is all yours. But it that debt comes with the risk. And so now you have to value in that risk with whatever it is that you do. The way you beat inflation is by investing your money. Period. Debt

[10:00] amplifies whatever you do. So if you're right with your debt, if you finance real estate, you get to make more money. And it has helped some people become incredibly wealthy. Donald Trump is one clear example of that. If you are bad

[10:14] invest your money, you make bad investments, well, screw inflation. Not have to pay that money back plus interest. So now you got screwed with inflation, you lost the investment, and you lose the interest. So debt amplifies

[10:28] risk. Risk can help you make money. If you don't know how to do it, you're to know yourself and that's where, you know, starting off, avoid that debt. know how to invest in real estate, you can see what you're doing, use debt to

[10:42] it's knowing where you are, starting a business, and if you take on a big loan as soon as you start, and you don't know what you're doing, well, most businesses about it, you might lose even more. I remember years ago, I walked into the

[10:56] business there. I was talking to the bank manager, and he was telling me he lady came in and she wanted to buy this like dog grooming business for $65,000

[11:08] or something like that. And he was like, you know, the problem is the business is losing money. There's no IP. They don't own any real estate. She just wants to buy the business. Well, the owner could go and

[11:20] grooming business right on the other side of the street. There's nothing There's no special protection. All she's doing is selling some random dog grooming stuff, and she's paying $65,000 for it that she doesn't have. Well, the

[11:35] bank, they get paid as soon as you sign the paperwork. They don't care if you franchise or not. They are not business advisers. It's up to you to decide if it's a good business. And if you have no

[11:47] experience doing it, you got to understand that life is the best experience. And life can be painful. So, avoid debt until you know what you're >> Yeah, it's a good point. It's really in the education of the operator, whatever

[12:01] you're using the debt for. Right? So, if you're going to real estate for an example, and people have expressed many headaches and loads and loads of comments under my videos over the years, you know, tenants

[12:13] are a headache and they tear the place up and da da da da da. It was like, there. Right? You There is plenty of people that have done very, very well had one bad experience, maybe it was the operator and not the actual investment

[12:26] class. And you could draw that same thing to where where are you going to >> Yeah. >> And I know you you set something like that as some notes over here about being an educated investor. You always say

[12:40] financially educated and it punishes everyone else. So, can you kind of maybe make get some specifics? Like, what are the legal, boring, totally available moves that wealthy use that you know, the average person just hasn't been told

[12:54] >> Well, there's three laws, three laws of money, three rules of money that we should have all learned from or graduated school. Number one, you know, the spending benefits the investor. When you go into Chipotle and you spend

[13:06] money, who gets rich? It's not the workers at Chipotle. It's the owners of Chipotle. Well, who owns Chipotle? It's the investors of Chipotle. Because the workers get the salary, but all the additional dollars of profit go into the

[13:18] hands of the investors. Rule number two, inflation benefits the investor. What extra guac and your extra meat in your Chipotle bowls just got more expensive. So now you go to Chipotle, you don't get the bowl for $5.25 anymore, you're

[13:32] for that same bowl. And so now when you pay those extra dollars, a little bit goes to the workers because people have seen some raises over the last 5 years, person's income has not kept up with inflation. So where do all the extra

[13:47] Oh, they go into the hands of the owners, the investors of Chipotle. So inflation makes the investor richer. Rule number three is our economic system How do I know? Well, I told you I'm an attorney. Spent

[14:01] a lot of time studying the tax law. And what the tax law tells you is that everybody's income is not taxed the same. If you work a job, you are getting what's called earned income. And that earned income comes with the highest tax

[14:14] earned income comes with the highest tax rates and the lowest tax breaks. million dollars a year because I'm a top surgeon, I worked my butt off, my top federal tax rate is almost 40%. 39% plus state tax and all that other stuff, but

[14:28] if you add in FICA taxes, we're looking at about 50% of my money is going straight to taxes. As a doctor. If I go and earn the same million dollars as an investor in the stock market, my top tax rate, the top tax rate, is 20%. If I go

[14:43] and make the same million dollars in real estate, I might pay 0% of the money in taxes because of depreciation deductions, because of the 1031 exchange deduction. So it's not how much money you make,

[14:56] it's how much money you keep, but the investor is the one that gets to keep Not the employee. Why are we never taught that? >> Things that make you go, "Hmm, right?" The system that doesn't work without the

[15:09] >> The system is designed to keep people poor. It's very unfortunate. That's where it works. Banks profit when you're financially stupid because they get to Banks profit when you are in debt. Corporations profit when you spend your

[15:24] richer they get. You spend money with debt, they get richer. The government profits when you're financially stupid because now you pay the highest taxes. The people who pay the highest tax rates are employees, not investors. You profit

[15:38] when you're financially educated. >> The expression don't fight the Fed, do you agree with it? And if you do, how are you aligning yourself with the Fed >> Well, I follow a simple strategy. We talked about this earlier, ABP, always

[15:51] be buying. Here's the reality. Markets go up, markets go down. Markets can be manipulated, period. When people say don't fight the Fed, the money printer and pump up the markets. We've seen that happen. Take a

[16:04] look at 2020. In 2020, the market was going through the fastest stock market crash that we have seen since the Great Depression. Then the Fed opens up the money printer, and we saw the fastest stock market boom in the history of

[16:16] time. So, tell think about that. In the same year, we went from the fastest stock market crash in the history of time to the fastest stock market boom in In a matter of months. So, this is where people say don't fight the Fed. My

[16:28] philosophy is very simple, always be buying because we don't know what the Federal Reserve Bank is going to do. And people can predict and try to guess it. that means just keep buying investments. And generally, yeah, always be buying,

[16:41] that's what I mean. But sometimes the Fed also screws things up. And so, when people just try to follow what the Fed does, sometimes the Fed can be wrong, and they've been wrong many times. And so, I don't try to follow what the Fed

[16:54] does or try to just chase what the Fed does. That's trading. I'm just buying investments. Take a look at what the Fed did in the 1970s, in the early 1970s. takes the dollar off of the gold standard. Money starts to be printed.

[17:08] standard. Money starts to be printed. Inflation is at 4% 4-ish percent. 1972, Richard Nixon's up for re-election, and all the election stuff is happening, and he says we need to do lower interest rates. So he to a lot of pressure on the

[17:20] fact that there's a lot of money printing happening. Inflation fell to around 3-ish percent in 1972, but the Fed listed Arthur Burns. He was the Cut interest rates. Stimulated the economy. Then what

[17:35] happened? Well, fast forward towards the end of the year and now inflation went end of the year and now inflation went from around 3 or 4% to 12%. It tripled. And now the Fed had to come in. The new Fed under a new chairman by the name of

[17:48] Paul Walker, he jacked up interest rates. Not to 5%, not to 10%, not to 15%, to about 20%. Causing pain in the economy, pain in the

[18:00] stock market, pain in unemployment as a way to save the dollar, as a way to save I mean, you know, you can follow the Fed and do all that, but at the end of the day, I follow a very simple philosophy, ABB,

[18:13] always be buying. >> So, always be buying. I think, and you lean a little bit more towards the stock market. I lean a little bit more towards there, do you think? >> I wouldn't say I lean more one or the

[18:26] estate than I do stocks. Actually, you know, I'm pretty sure I own more real >> Stocks are more accessible. Real estate is a lot more hands-on. Now, I don't that does it. But buying a property is a lot of work. Even though I have a great

[18:41] team, but still buying a property is a lot of work. I got to look through properties, I got to walk through the property, I got to go through the legal >> Yep.

[18:53] >> Versus buying a stock is a few pushes of a button. And now with AI it's becoming something to you that we've been working on in the back and I've never told anybody about this publicly, but guess what? We have built and are building

[19:06] tools to make investing a lot more automatic with our AI because our AI understands our investing methodology, and then you can understand your want to invest in, then you can just set the rules, and now your money can be

[19:19] invested automatically. It's so much more accessible with the stock market. I believe in diversification because I want to protect myself against myself. >> And that's why I diversify. Now, for me, diversification is investing across

[19:33] different asset classes. So, I invest in my own business, Brief Finance, real estate, stocks, speculative investments, that's that's in crypto, and then gold. 2% gold, 18%

[19:45] speculative, 30% stocks, 50% real estate. So, that's what I do. I don't recommend what I do to anybody else. But, you got to find what works for you. people make is about one stock, I'm going to buy one real estate.

[19:59] what's next. >> All right. That was actually my next question was gold. How does that fit into your mix? So, you said 2%. >> Yeah, I don't I don't look at gold as an investment. Me neither. I look at gold

[20:12] I don't care about what the price of gold is. I mean, it's just a insurance. gold is. I mean, it's just a insurance. >> Any fear or predictions or concern about >> I think there's obviously risks to the dollar. Like what Ray Dalio says, every

[20:28] empire has a start date and an end date. Every human has a born date and a end It's a matter of when. And so, yeah, there's obviously risks to the dollar. But, we can't control what's happening outside. All we can control is

[20:43] how do you find opportunity with it? not preparing for that or hedging against that or just in case type you're making? >> My investments are built in a way that I

[20:56] happens. And anytime something bad happens, I think there's opportunity. I own international investments. I own real estate. I own some gold. When bad things happen to the dollar, those can benefit. When I also believe I'm a

[21:10] The American economy is booming. I have other investments that benefit from that, too. So, you know, it's just Bulls There's a saying, "Bulls make money, bears make money, pigs get slaughtered."

[21:22] >> Which means there's the people that that get greedy, they're the ones that lose. make money if you believe the American economy is going to boom, there's a ways American economy is about to collapse. Just like people that get greedy and and

[21:37] don't really manage what they're doing, they're the ones that lose. People that your money is hard, and on this channel I teach how you can start investing your money yourself. But for some of you, working with a financial advisor,

[21:51] a better option because now it's more hands-off, and you can work with a professional who will manage and invest your money for you. And that's why I The reason why I like Money Pickle is because first they get to know you and

[22:05] what your needs are, and then they match you with a vetted financial advisor who would be best suited for your needs, and then they give you a free consultation call with the financial advisor. That way you can get a feel of the financial

[22:18] advisor and see if they're right for you or not. That way you don't have to go through a high-pressure sales process with somebody who might not even be a in learning more and you have over $100,000 in assets, the process is

[22:31] pretty simple. All you have to do is complete a short form, I have that link takes a few minutes to complete, and once you do that, Money Pickle will review your answers and then pair you with a vetted financial advisor who they

[22:44] believe is best suited for you. It's a completely free process, that initial consultation again is free, and then if you decide to move forward, then you can negotiate and discuss what your rates and terms look like with that financial

[22:56] advisor directly. So, if you want help managing your money and you want to work sponsor Money Pickle can help get you additional cost. So, if you want to learn more, I have that link for you

[23:10] comes to always be buying, what are you excited about right now? What are you past? >> Uh I've already kind of went over the different things that I'm buying, um the different asset classes, but I like to

[23:22] look for shifts. Because I think there's three big shifts happening right now. >> Shift number one is dedollarization, like you've been talking about. Shift number two is economic concerns with our national debt, with AI changing the

[23:37] economy, with inflation. And shift number three is about how our economy is going to respond with the changes at the Federal Reserve Bank. Each one of these

[23:50] changes, shifts, mean money is going to move. They all create opportunities. I mean, with dedollarization, understanding now which countries are looking to rapidly grow their economies and looking to rapidly compete against

[24:03] opportunities there? When you start to think about concerns about the American economy, what are ways that you can find opportunities there? understanding where the shift is happening and how this can create

[24:19] movements of money. Like, you know, right now everybody's talking about Space investments. I call that investing based off of news. What we did at our firm was last year, President Trump signed an executive order in August of

[24:33] 2025 about allocating more money towards space and exploration. Then he signed bill, that also allocated more money towards So, we were publishing research to our investors about how we believe that this

[24:47] space. So, we were buying space investments in August of 2025. Everybody's talking about it in June and July of 2026 after SpaceX went public. So, it it's investing based off of research, which

[25:02] investing based off of the news. things and I'm kind of noticing a pattern and maybe you just kind of disrupted my question here, but you know, we talk about inflation, we don't

[25:14] about the stock market, we don't know what that return is going to give us. Talk about the dollar, we don't know what that's going to do. At what point But you kind of maybe just answered it there, but what other types of research

[25:27] do you do where you find that it's valid enough to where you're not really guessing that you're actually making a solid educated investment or decision. I mean, you want to go where the money is moving, not where it was.

[25:40] I'm getting at. Like, are you just kind of like a you wake up every day and moving today?" Rather that or you think in a year out, 2 years out, like this is where the trend is going. When is the actual decision get made for you? When

[25:54] >> Well, I don't think there is like a black or white. Everything is kind of a something that we do all the time. I mean, we have a team of analysts. This is what they do all the time. So, it's not like a

[26:07] "Oh, today I'm going to invest $50 here or $50 here." I'm always being allocated towards investments, but then when I believe, "Oh, okay, there's a shift happening that we believe is going to create a

[26:20] long-term investment," then we'll invest there. I'm not a trader, I'm an and then you want to find an investment within that shift that you believe is a good investment, and then you want to see when that investment comes at a good

[26:32] three stages to that. So, you find the shift, you find the company, and you >> I like it. Yeah, I was I was really looking hoping you had a crystal ball over there, but I guess uh the data >> I'll have that. When you find them, let

[26:45] >> Every stock market analyst on Wall Street says that the stock market should be crashing. We have a full-blown war going on. Oil prices are skyrocketing. The job market is down and tariffs are coming back strong. But despite all of

[27:02] these things, the stock market keeps breaking brand new record highs. In breaking brand new record highs. In fact,