– Ckemi [Hi In Albanian] My name is Sorelle Amore and welcome to this finance
and freedom channel. These days, there is no shortage of people
giving financial information about what you should and shouldn't do with your finances and money, and how to grow it, and
become financially free. We see so much information everywhere, and oftentimes it's quite contradictory. For every piece of advice that you hear, there's often the opposite
piece of advice given, so it can become confusing as well. In this video, I'm sharing the financial
information or advice that I most disagree with or the stuff that just
simply has not worked for me. (gentle acoustic music) Hello and welcome. If you are brand new to this channel, we would love to have you here, so please make sure you subscribe.
We put out videos every
Tuesday and Thursday. Also, if you find value from these videos, it would be amazing if you
could like the video as well, to help us get the message
of finance and freedom out to the world. Secondly, we have a banging newsletter that I think you will love, filled with beautiful short stories that are teaching you
all at the same time. Leon is an exceptional writer and he will fill your inbox with magic.
So you can check that
out, link in the bio. And finally, we have recently launched the presale of our course membership combo on all things finance and freedom. So if you want to master
this world even more, there is a link in the bio to sign up for lifetime access at a huge discount. Just like everything in life, I don't believe that there
is one specific solution or one way of getting to your goal. I think oftentimes, you'll find different ways
of getting to your goals. And that's why we probably
see so much online information about finances, and financial education, information, advice
about finances and money, because ultimately, the person that is
teaching the information is just coming from their own experience.
So they may say certain
things and be like, "Yes, this worked," because it worked for them. It doesn't mean that it's true, it just means that it worked for them. Same with me, whenever I provide any information about what has worked for me, it's because it's worked for me. (laughs) I'm not going to promote anything that has not worked for me. But I do see things online that are just, I, I'm so disagreeant with them, I just cannot overlook them, and it annoys me oftentimes
when I hear these things. And essentially, what I'm saying is that I know everything, I have all the right answers. (laughs) I'm just kidding. No, not at all. I just don't agree with these things based on my own experiences
or my point of view. So I'm going to list them down below.
Let me know what you think, if you agree with them or
you disagree with them, I would love to know your opinion as well. So let's get into it. Number one, you need to be stingy
with your food spending. It is very upsetting to me when I see all of these
big financial channels talking about how little
they spend on their food or how proud they are of
their food budgets every week. And it is a minuscule amount that they spend every single week on food. These people have a lot of wealth. And even if they became more and more, and more, and more wealthy, for example, Graham Stephan, Andrei Jikh, they have so much money and they continue sharing what they eat and it's still the same idea, it is still very sad.
Andrei Jikh once mentioned in a video, which was really upsetting to me, and I even commented underneath that, he was saying that
"organic food is a joke," and these two comedians
showed that it wasn't true. That was a clip from like 10 years ago where people were ridiculing organic food because it's not important. Organic food is extremely important. There are so many studies that show that it is extremely important. I mean, common sense also. Think about how much pesticides, and fertilizers, and poisons
are being put onto your food. Do you think that that's not important? And to believe that comedians
have "uncovered the truth," 10 years ago, about, you know, how
false organic food is, and ridicule it, and therefore you don't have to care about what you put into your own body.
That just is ridiculous to me. Now, this is upsetting to
me for a number of reasons. Number one, your body's a temple. You wanna look after yourself. It is so important to be your optimal. If you are not optimal,
(clapping hands) how are you going to perform
your best in business? Even if you don't have the
most amount of money right now, you still should be
prioritizing your health because if you have your health in check, you are able to perform better.
It therefore means that
you can work less hours, but more productively. So much of your output is based
on how well you can perform. You don't feed athletes
McDonald's all the time and expect them to perform their best. If you're in business, this is hard work, like you really want to be putting the best fuel into your own body as well. (laughs) This is why it's upsetting to me, because these channels
have such a big reach to a lot of younger people that are aspiring to be like them, and so they think that it's not important to put the right food in your body. So that's number one. Secondly, they're spreading misinformation (laughs) because organic food is important. Don't use crappy sources
to reinforce your idea. Thirdly, if you have some wealth behind you, like these gentlemen now do, it is almost your duty to
take care of your health so that you are not a
financial strain on the system. Now these guys are young, but at some point they're not
going to be young anymore.
And if their health is not in check and they don't put the right
habits in place right now, in order to ensure that they are as healthy
as possible in the future, they're going to be a burden
on the financial system. And they have enough money to ensure that they're not like that. Also, if you have all this wealth, but you don't have the health, you are not going to enjoy your money. Now, of course, Graham, Andrei, they are hyper successful dudes, lots of people love them, lots of people respect them. Well done to them for all
the efforts that they put in. Guys, well, well done. However, you have a platform (laughs) and you have to be very careful about what you put out there.
And if you're encouraging people
to skimp out on their food and then putting a strain on
the, their, people's bodies, it's just not cool, in my opinion. Now, I'm absolutely not saying that you should spend all
the money in the world on your health and the food that you eat, because I know that's
unrealistic for so many people. Lots of people cannot
afford a lot of great food. However, you have to
do your absolute best. And there's lots of different
ways that this is possible. There are ways, and you obviously have to
work within your budget. So, no, I don't believe in the slightest that you have to skimp out on food. I definitely did not do that for myself. When I didn't have money, I also went to the local veggie markets. There was a period of time just before the markets
closed on a Sunday, they were closing for three days.
So I'd go very last minute, Sunday, and then they would have
huge discounts on the veggies that were available there, so I would stock up. And I honestly think by
prioritizing my health, I was able to advance better in everything because I had clarity of mind. Right now, I'm really struggling, (laughs) with no clarity
of mind because I am sick, to have a nice fluid train of thought. So if I was operating at my subpar to try to create a
multimillion dollar business the way that I have, (laughs) you better believe that
it would not have worked. Number two, you need to work ridiculous
hours to succeed. I just did a video on the
dangers of the hustle culture, so I'm not going to go into
too much detail about this right now, but you can check that out, link in bio, or up on the screen. We have definitely been pushed this idea
of the hustle culture over the last few years, of how important it is
if you want to succeed, you just have to "hustle and grind", "work 24/7!" And the last video, there was a few people
that commented like, "Hey, don't you think that the hustle life was what got you to where you are right now?" And it is helpful, right? I have said this before, I think there are moments in life where you absolutely
have to hustle and grind and have sprints.
I talk about life in a series of sprints. It's like sprint, get that goal that you really want, and then make sure that
you relax and rejuvenate and bring yourself back to balance. Otherwise you are going to
burn yourself out real quick. Jordan Peterson has talked about the price of being exceptional. And to be exceptional in one area of life, let's say, if you want to be an athlete or a CEO of a trillion
dollar company, for example, everything else is going to have to give. But at some point, you have to ask yourself, "Is it worth it?" Do you want to be at the level where there's only one thing
in your life that matters and everything else is like really subpar? Because you cannot have your
whole life fully in balance unless you are willing to
make sacrifices in some areas. So for me, yeah, I have a multi-million
dollar business and this one is now building up as well, how much further am I willing to go? Do I want to keep hustling? But yes, I absolutely had to
have sprints in my time.
But also, now I'm starting to learn that I don't know if that was necessary. It may have been because I was brought up
into the whole hustle culture and I thought that's how I had to operate. But now you see a lot
of people being like, "Wait, that doesn't sound like
I really need to do that. Do I actually have to
stay up until 2:00 AM in order to make something happen? Like I don't know about that." I think sleep quality is
actually more important. And there's studies that
are showing productivity, if you only worked four days
a week, instead of five days, sometimes you're more productive than working five days a week.
So I honestly don't know, if I would have to do it all over again, if I would go such a crazy hustle culture or if I would learn to
work smarter instead. And I'm excited to hopefully
explore this territory, to see if I can be, you know, a role model in this new
way of doing business, where you don't have to hustle as hard. And not hustling as hard is working smart. So for example, read "The Four Hour
Workweek" by Tim Ferriss. I am under no lie or impression to believe that he actually only
worked four hours a week when he was writing this book. And he works hard, the man works really hard. But I mean a 20 hour work week, 30 hour work week, like normal hours, I still think it's possible to build a huge successful business and succeed in life if you don't hustle. So we're excited for
this new chapter of life, and the world, to show people that you don't have to
hustle in order to succeed, the way that we used to
think that we had to do it.
Number three, that buying a house is always an asset. I'm going to say that this is probably
one of the most common financial pieces of advice or information that I've seen. People saying that your house is an asset. Robert Kiyosaki, writer
of "Rich Dad, Poor Dad," often says that a house is not an asset, unless it is sold, it is a liability. And I have to agree with this. I was always under the idea that I was going to
have my very first house to be an investment property instead of a house that
I was going to live in. It turned out to be different, but I was able to buy my house outright, which was really, really nice. Now, of course, I know, I know, I know. Not everybody is in the opportunity to buy their house outright. I know, I know, I know, I know. But I'm just pointing it out that I think it is a liability because the expense of
having a house that you love, that you want to make beautiful, is so expensive. (laughs) I have a friend that
also just bought a house and you know, a big mortgage.
It's such a fancy house. The mortgage is 40 years. He's a really, really young kid and he just keeps adding more
and more things to his house and more expensive "doodads,"
as "Rich Dad" calls it. And you just keep adding things because you're like, "Oh, $40 mortgage. You know, I'm just repaying
it once a month or whatever. It's so easy, no big deal." You don't own the house. It's not your house. You're buying a house
that's so far of reach that you're going to pay 40 years? You are essentially leasing your house. Yes, of course, you're going to "end up"
buying the house in the end, after 40 years, (laughs) but you're paying double or
triple of the price value because of interest.
So you might as well, in my opinion, this is what I was always going to do, was to end up with a property, that was going to be
an investment property, first and foremost. Or, I've also heard people
do this beautiful strategy, which is to buy a duplex and they live in one side and the other side ends up paying for the
mortgage of the full property, which I think is a beautiful method. In order to have somebody
else paying for your mortgage, this is a brilliant strategy, if you want to have best of both worlds. But buying a property, your first house, that is far too expensive, that's going to put you in debt that far, you're not going to
know what it feels like to be financially free.
You're always going to have this giant (weight dropping sound) burden. But because we're
brought up in this world, that "debt is normal" and that everybody should just have debt, and this is just part of life, everybody just assumes that that's normal, but your brain will never be truly free because you've got this
huge rock sinking you down. My house, I will say, I mean, it was like $250,000 US outright and it's a beautiful house. With that, I've also, I think spent maybe $50-60,000 already because I was like, (exhales loudly) of
course I need a greenhouse and a fireplace, and you know, I need paint, and we need to renovate the
kitchen, and the bathroom, and we're going to add this
and this, and this, and this, and the furniture because you know, I have a nice house and it's big so I better add some furniture.
And I couldn't believe it! When I finally caught myself, I was like, "What the hell." Oh, sauna as well. (laughs) Why? It was such an affordable
house up front, right? $250,000 for a house is not the biggest, most disastrous thing. It's still not the cheapest, but it's, you know, I
definitely could afford it. But I ended up just like adding, adding, adding, adding, adding, because it's your house, you want to make it beautiful. (laughs) So this is why I think it is a liability, absolutely, first and foremost, rather than an asset. Number four, the only way to invest
in property is with debt. Now I own five houses outright, so you guys should just do it too. The end. (laughs) I know, it's completely
outrageous for me to even consider that this is a strategy
possible for a lot of people.
And a lot of people use debt, as I mentioned, debt is such a common thing
that we have these days that everybody just buys, buys, buys something so out of reach on their credit cards or mortgages, and they adjust leasing a luxury lifestyle that isn't reflective their
actual financial situation. You want to become debt-free
as soon as possible. This is something that you should be
striving so strongly for, to become debt-free. This is one thing that I really appreciate
Dave Ramsey talking about, is to get out of debt as fast as possible. We hear a lot of financial experts talking about using debt to
buy property is of course, that's just a common thing, put yourself in debt. I'm in two minds of this because someone that I am
interested by their strategy, property investor, he has about 300 properties, I think? And he uses just debt in
order to acquire this, he thinks it's amazing.
But the reason why I say it's
not really good to do this. two reasons, one, lots of people do not know
how to handle debt properly. So he has lots of experience. His number one goal is
to become filthy rich. That is his aim. That's what he wants to do. So he uses debt very strategically and he was not going to
be pulled by shiny things. He used to have a Bentley because he wanted to try
that "lavish lifestyle." He downgraded to a really
crappy car, actually, he doesn't care because his aim is to be filthy rich. So he's not pulled by, you know, other aspects of how you can use debt.
He uses it for a business strategy. Whereas most people, they cannot control
themselves, unfortunately, because it's just too
easy to let yourself go when you have the capacity
to get access to debt. The second reason I'm saying
this isn't the best strategy is because something, in my
opinion, it's just my opinion, I feel like something's
coming on the horizon. We printed so much money last year, trillions of dollars were being printed. We have never been in debt
as much, as a world, ever. Something is coming. So it has, if you have that much debt and it's not being paid
off, it's not checked, you don't own anything. Like what would happen
if everything collapses, it's like, 'I need the
money back right now." Or there's hyperinflation and you don't own anything. Like this is why I'm
saying debt is not good and it needs to be paid
back as soon as possible because you just don't know. You're trusting that the
banks will take care of you and that's freaking crazy. But this is why I'm saying, get out of debt as fast as you can.
Or, if you're on the market
just to buy a place right now, buy below your means. Whatever the bank says that
they will lend out to you, just halve that. I've been there. I've seen the lavish lifestyles
that people have lived, and oftentimes, they always
want to downgrade in the end. Uh, Graham, hi, (laughs) me again. Your house is huge! It's so big. Like, why? It's so unnecessary. (laughs) It's really unnecessary. I mean, if it makes you happy. But the cleaning costs, the furnishing costs, the electricity and power cost, the recurring monthly bills that you're gonna have on that house? Oh my God. I just, I don't believe in the "bigger
is better" lifestyle anymore. I really don't. Even my house, it's a four bedroom, we use only to two
offices and one bedroom. We leave one vacant. It's so big, we don't
know what to do with it! So we want to downgrade in the near future because it's just, the maintenance is just absolutely insane.
The house owns you. You don't own the house. So that is it. I hope you enjoyed my little
input into the financial information or advice
that I don't agree with. Obviously, I'm just some chick, I'm not a financial advisor. I just share financial
information that's worked for me. I just like to have my strategy more
taken care of on the inside because what's more important
for me is like security. Yes, I still splurge. Yes, I still, you know,
take care of my health. (laughs) Even though right now, maybe not so good. But (laughs) that's out of my control. And on your death bed, you're not going to remember
the things you have, but the experiences you had.
If you enjoyed this video, please make sure that you
like as well and subscribe. Also, we have that bangin' newsletter, check it out. I think you will love it. And of course, there's a presale of our
course membership combo on all things finance and freedom. If you want to get a lifetime
access for a discounted price, you can do so by checking
out the link in the bio. And I will see you in the next one..