Myron Golden 00:00
Have you ever heard the phrase, you got to work hard for your money? My question for you is, do you, I know a lot of people who don’t work hard for their money. In fact, I don’t even believe in working hard for money. Now, here’s, here’s what I’m gonna say, I do believe in working hard. And I do believe in making money. I just don’t believe in working hard for money, I believe there are better reasons to work hard. And I believe there are better ways to make money. And in this video, you’re going to find out what they are. So here’s what I discovered. People who work hard for money, don’t understand how to play the money game.

Myron Golden 00:33
And people who make lots of money, they make lots of money playing games, I play business games, I play investment games. And those business and investment games make me money. For instance, I’m gonna give you all some very specific examples. So I just ordered a 2023, custom Sprinter van, for picking up clients and in full disclosure, taking me places when I need to go places, and I need to be working on something while I’m getting there. So I’m not driving, and doing podcast interviews in it, and so on and so forth. So I just ordered this custom Sprinter van. So it’s $165,000, which I got a great deal on it. So thank you, Lee. Okay, you got a great deal. But so now I can write a check for it.

Myron Golden 01:24
Or I can finance it, or write a check for it, I pay zero interest. Okay. But if I finance it, I found two funding companies, one of them I haven’t talked to yet, I just got approved for the loan, in my own personal name, which I didn’t want to buy it in my personal name, I wanted to buy it in my business name. So I got approved for a loan in my personal name for to pay for the pay for the vehicle. Okay, I’m probably gonna have to put 20,000 down cool. I also got just signed up for this week, a $200,000. business line of credit and my business name. So the $200,000 line of credit my business name, is it’s almost loan shark ish. Okay. So it is they charge you 5% of every time you do a withdrawal, they charge you 5% Then the payments are depending on how much of it you take out. So I’m gonna, like if I do the loan, which I’m probably going to do it, the interest rate is 16%. On $200,000. That’s insanity.

Myron Golden 02:28
Will. Y’all know, that’s insane, right. But I want to do it as a social experiment, to show everybody that interest rates are largely smoke and mirrors, if you understand how to play the money game. So what I’m gonna do more than likely, and I haven’t decided yet, because I want to look at all the terms, but I’m pretty sure I’m going to do this, I’m going to borrow the entire $200,000, I’m gonna take the entire $200,000 they’re immediately going to charge me $10,000. Because $10,000 is 5% of $200,000. So now, I’m going to take the 200,000 I instantly owe them 210,000. And the payments are $19,000 a month. Okay, which is fairly significant. So why would I do it? If I already got a loan for the van? But also got the line of credit?

Myron Golden 03:18
Why would I get the line of credit and then pay $19,000 a month on money I don’t even need? That’s a good question, right? Here’s why. Because the first of all, let me tell you why I’m gonna borrow the money even though I could write the check. I’m gonna borrow the money to buy the van because my money makes me more money than the bank will charge me even at 19%. So two days ago, when we recorded our video on the window of wealth, right after I got done with that video, I did a trade. And I got in a trade. And I’m not gonna go into what the trade was I just got into a trade. Well, yesterday. I was by the time I got out of some of those positions, I was up $192,000 in 48 hours. Plus, I took $105,000 of that off the table that was 105,000 profit off the table plus the principal that I had in that tree.

Myron Golden 04:19
So it’s $105,000 profit I made in 48 hours that I took off the table and still have another $89,000 Sitting there to see what the market is going to do today. Because I that that in that transaction doesn’t expire until the end of September. So I can leave that money in there until the end of September and, and so, so in telling you what the game was that I played. I bought 600 contracts of puts on the s&p 500 You don’t have to know what that means. Here’s here’s what it means to me. I think the s&p 500 is going to go down. If it does go down with 600 contracts of, say 110. Every dollar that the spider goes down the Spyder ETF goes down, I make $60,000. Every dollar goes down, but watch this, every dollar goes up, I lose $60,000. So this is why I don’t trade all the time. I only trade when I see a trade formation happening. And so, so I bought 600 contracts. I bought them for $11.64. When I sold the first 300, I sold them for $14.

Myron Golden 05:37
And I forgot $14.50, maybe I made a profit of $2.43 on on 3000 contracts. So I made $2.43 times 30,000 profit to get off the table in 48 hours. Then, I waited a little bit later that day, sold some more for 1489 made another $3 And something off of another 100 contracts. And then I kept the last 200 contracts in play in case the market fought fell off the face of the earth today, I still have 200 contracts, if it goes to the s&p 500 goes down 10 points, then I’ve with 200 contracts, I’ll make $200,000. If it goes down 100 points, I’ll make $2 million. Okay, and the Fed speaking today. And so, so what I’m going to do is I’m going to set a stop profit. So the if it goes up crazy high, it stops me out with profit.

Myron Golden 06:36
And I lose no money and I’ve just made free money. Okay, why did I tell you that whole story? Because people think that the primary thing they should look at when they borrow money is an interest rate. But an interest rate is often a distraction. It’s not always a distraction. But it’s often a distraction. Like, if you How many have ever gotten an invitation in your mortgage to refinance your house, right? And you can get a lower payment, right? And a lower interest rate. Well, why are they giving you like, ask yourself the question, why are they giving you a lower payment a lower interest rate? Here’s why. Because they know something you don’t know, they understand the game. See, if you don’t understand the money game, then you have to work on the board as one of the pieces for the people who understand how to play the game. And the banks understand how to play the game.

Myron Golden 07:24
So they’ll send you a letter saying we’re gonna give you a lower interest rate, and you’ll have a lower monthly payment on your mortgage. But the reason that we’re going to do that is because if you do that, you got say 13 years left on your mortgage. Now you have to start a whole new 30 year mortgage, and the first 10 years of your mortgage, most of the money you pay goes to interest. So even though you’re paying lower a lower interest rate, when you refinance your house and get a lower payment, even though you’re paying a lower interest rate, you’re paying more in interest than if you had kept the higher interest rate with a higher payment. They know you don’t know that.

Myron Golden 07:59
They don’t tell you that part of it, it’s in the paperwork. But they don’t tell you that part because they know they’ve already distracted you by making you think the interest rate is the most important thing. Now what should what would be better for a person to do than that, let’s say you understand the money game, what will be better would be to get a home equity line of credit for the equity that you have. And put that home equity line of credit in the first position if you can make your mortgage, a home equity line of credit. And then every time you get paid, deposit your check into your mortgage balance, and then use the checkbook that comes with your home equity line of credit to pay your bills.

Myron Golden 08:37
You’ll pay off your mortgage probably in three to seven years. If you do it that way, like making the exact same amount of money you make right now. You’ll pay off your mortgage in three to seven years 12 at the outside instead of paying off your mortgage in 30 years. Now. This is this is so I went to when I go to like I went when I went to Israel In Israel, like in Greece euros are pretty easy to understand. You go to Israel, they trade in shekels, right? I don’t know a shekel from Heckle and Jeckle. Right. So I remember I guess at the airport, I went and got some, some Israeli money, and I go to buy something to eat. And they gave me some change. I could only hope that it was the right amount because I had no idea what the word said on there. I had no idea what I was looking at. Right. And so so like I am in Israel, that’s how most Americans are in America, they don’t know how to read the money. So they don’t know if they’re getting a good deal or a bad deal. They just have to take somebody else’s word for it.

Myron Golden 09:37
So, so what I’m gonna do, I think I’m gonna do I don’t know if I’m gonna do it or not. But if I do do it, I’m going to document it. So it’ll be on my YouTube channel. So you always be able to see, I’m probably going to borrow the $200,000. I’m going to use the $200,000 to make money because I’m sure it can make me more than $20,000 a month and then I’m going to let whatever A business or investment vehicle that I create to pay off the loan, I’m going to let that pay off the loan. And so eventually, once it pays off the loan, all of the money that I have, I will have now it’s free money. See? Getting out of debt is fine. And I could like if I wanted to, I could repay it pay off all my debts today, I have no, like, I don’t I use debt. I don’t let debt use me. I pay off all of my credit cards every month down to zero balance.

Myron Golden 10:30
And it doesn’t matter what it gets up to. And I paid. And we’ve done as much as $450,000 on our credit card in a single month, we pay them off every month, every month, we pay off our credit cards. Okay, so I’m not talking about using consumer debt, and letting it use you I’m talking about I’m talking about using debt to create wealth, and then letting the wealth that the debt create the debt created. pay off the debt. That’s what this building this building, I borrowed 400 something $1,000 to pay $625,000 for this building. But this building, because we turned it into a YouTube Studio makes us 40 to $50,000 a month.

Myron Golden 11:06
Oh, so one of the things I could do think about this, I could put, I could put this space, this building on peerspace I can hire somebody just to manage the fear space of this building. Chris just got here. So I could hire somebody just to manage. And he’s he’s the genius who’s taught me about this. Okay. Right. So you’re doing right now, so so we could we could we could I could put this building on peerspace rent it out for $300 an hour with no equipment 500 an hour with no equipment. And so I don’t use it at all on Tuesdays, I don’t use it at all on Thursdays, we can build two more podcast studios over there, we could rent this site out for 300 to five $500 In our rent that site out for $500 an hour.

Myron Golden 11:54
And we could keep doing that over and over and over again. And let that make the money to pay the employee and pay off the $200,000. I could use it $200,000 to upgrade the other side. You see I’m Sam so so business people think about money making money and money costing money in different ways than poor people think about it. Poor people just wonder what the payment is. Referee, we don’t care what the payment is, as long as the money that it makes is more than the payment. This building. This building makes me almost 10 It makes me more than 10 times 10 times it makes me more than 10 times per month what the monthly payment is when you look at all the sources, but somebody will look at it. I don’t know. I don’t know. I don’t know a $5,300 a month mortgage. I don’t know. It’s nebulous when you understand how to play the game. Same thing with Airbnb. peerspace.

Myron Golden 12:49
Same thing with Turo, you, whatever the business vehicle is, there’s so much opportunity in the world today, which is one of the reasons there’s less there are less jobs, there are less jobs because there’s more business opportunities. There’s more opportunity for average ordinary regular folk to create wealth than there have ever been in the history of the world. My daughter is a mom, a married woman with a child, she was making $25 an hour when she was 11. My son was making $117 an hour when he was 17 because they had skills that they knew how to use to serve people who needed it done who wanted the work done more than they wanted the money.

Myron Golden 13:30
And see one of the reasons you don’t play the game of money well, is because you don’t spend enough time thinking about how to solve other people’s problems how you’re tracking and so what we want to do is wonder if we can figure out how to solve enough big problems for enough people. Those people will pay us enough money that we don’t ever have to think about money ever again. So I’m going to tell you some of the bits some of the business games that I’m so that’s those are some of the investment games that I play. Like I’ve got a house in Pennsylvania that I’ve owned since 2003. Which means we only have 10 more years when that mortgage right and I only owe like $104,000 on that house. But how much does it rent for Chris? A day right now in Airbnb? Oh each room so we rent the rooms

Myron Golden 14:24
$145 a day and normally rent it’s a four bedroom house but we’re only renting out two rooms because the back two rooms we’re saving for me and my family when we go to Pennsylvania and so I don’t I know I’m a little interesting. But I don’t want anybody sleeping in my bed but me. So you know they can use the rest of the house. So so we renting out two bedrooms in this four bedroom house and it’s got a lot of other x space as well. For $104 a day. We keep it rented 20 days a month brings in $2,000 a month.

Myron Golden 14:59
Right? That More than pays the mortgage. And so we’re probably going to also turn it into a peerspace. I don’t have time to go into that which can which could make, what? 615 16,000 a month? Yeah, yeah, five, six times. So. So there are ways to you just have to learn to think differently and play games. Now, business games that I play, the business games that I play, and I started playing a long time ago, the first business game that I ever created was 10 nose in a row, I created this game for myself. And for the people that I taught 10 nose in a row. Here’s your objective, you go out. You make offers to people offers, as you’re prospecting them. And your goal is to get 10 people in a row to tell you no.

Myron Golden 15:50
Okay, so watch what happens. Talk to the first person they say no. Talk to a second person, they say no. Talk to the same third person. They say no, talk to the fourth person. They say no talk to the fifth person. They say yes. Now you got to start over. So what happened was, one of the reasons people can’t make sales is because they’re afraid of no. So I turned no into the thing I was looking for, instead of the thing I was seeking to avoid.

Myron Golden 16:20
And I turned it into a game. And I got so good at the game, that I got to the point where people didn’t tell me no anymore. Because I could tell when they were getting ready to tell me no. And I tell them no first. Now I love the game. See, and so basically, when I say it’s a game, I’m playing a game in my head. Like, and I just think of new things to add to the game. Every month we do a challenge. The five day challenge. It cost $97 For general admission, it cost $297. For VIP experience, one of the games I play is I want to see every month if we can sell more VIP tickets than general admission tickets. That’s a game that I play. Now, how do you sell more VIP tickets, and they cost more? It’s easy. I allow the risk to remain in the general admission ticket. But I reversed the risk in the VIP ticket. What does that mean? So the VIP ticket count, it’s $297, it comes with a 10 times better than money back guarantee.

Myron Golden 17:33
Which means if you don’t believe it was worth $2,970 When we’re done on Friday, all you have to do is send us an email, I’m gonna send you your money back. Just say it wasn’t worth it. I don’t feel like it was worth 10 times what I paid for it. So the $297 comes with a 10 times better than money back guarantee. The $97 comes with once you pay me I got your money guarantee. So we almost always have more $297 VIPs than we do $97 General missions. But guess what happened? We used to let General we used to let VIPs ask questions. We had we had a challenge. We had foreigners on people on it. People were mad because they couldn’t ask questions. I don’t want people mad at me.

Myron Golden 18:17
So how can we make this game more fun for all of us, I’m going to create a VIP platinum. That costs it used to cost $300 more so in addition to the 297, then they pay 297 more so 697 Then they only the people who pay the 697 can ask questions. Well, the last challenge will be the challenge we did in July, we had so many we had 50 Platnumz, we sold out a Platnumz. And we almost didn’t have enough time to answer all the Platnumz questions. So guess what we did, we raised the price for platinum to $500. Now only those who are serious get to ask questions, but they get to ask as many questions they want to. Somebody might be thinking, Well, why would somebody pay $500? Ask them a question, because they’d rather pay me $500 to ask me a question than maybe $40,000 to talk to me for an hour and I’ll answer all their questions. And so it’s all about the game. And until you learn how to play the game, I promise you you are being played by the game.

Myron Golden 19:14
If you don’t want to be played by the game, learn how to play the game. And I’m not saying the people who know how to play the game. They’re all they all have bad intentions. They obviously don’t I don’t have bad intentions. But it’s a it’s either gonna be a game for me it’s going to be work for me. If I’m going to work I’d rather work for something that’s way more valuable than money. What could that possibly be like? What could be more valuable than money to work for? Like I’m not going to work hard for money. In fact, I’m going to do my best not to work for money at all. I’m going to create things that create money. So I’m going to work to build a system that can pay me from now on so I work to build systems that pay me what does that even mean? So like a funnel for instance our our our boss moves book funnel so every book What I write is a system. This is a system.

Myron Golden 20:03
This is a system where I turn $2.50 into $30 plus $10. Shipping and handling. That’s what this is. I wrote this book one time how many times I write the book, one time, wrote the book one time. Last month, we sold 700 copies of the book at $30 apiece, plus in the United States, 999. Shipping and handling outside the United States. $25 shipping and handling. These are 700 books for $30. That’s $21,000. For work I did three years ago, that’s $21,000 in one month for work I did three years ago. So I worked really hard to write this book. I don’t work at all to sell it. I just have a funnel out there. People watch my YouTube videos, people read the book, they’ll share they when they get their book they posted on Instagram, they they tagged me, I take their Instagram story, share to my Instagram story and insert a link to the book.

Myron Golden 21:02
Karina runs an infomercial every night. All night long. We were like we have an Instagram infomercial infomercial. So she runs this and she turns it on at night, maybe right before she goes to bed, and people can watch it. And then we take it down in the morning. We have one for this book, we have one for this book, we have one for the make more offers challenge. We have infomercials that run all night. That’s a system. And so I work hard to build systems while you’re working hard to make money. That’s why when you stop working, you stopped getting paid. But when I stopped working, I keep getting paid.

Myron Golden 21:33
Because to me it’s a game. I’m going to work hard to build a system, I’m going to work hard to learn a new skill. To me learning a new skill is worth working hard for making money is not. Okay. So that’s pretty cool. So I’m gonna work hard to learn a skill, I’m going to work hard to build a system, what else am I going to work hard to do, I’m gonna work hard to build really good relationships with really good people. But everything else is a game. All a game, I’m just playing, I’m playing business games. Making offers, I created an offer for the United States government, I’m going to make that offer to them. I’m gonna make the offer to the Department of Defense, I’m going to make the offer to the Department of Veterans Affairs, I’m going to make the offer to the Department of the Army, I’m gonna make the department to the Department of the Navy to Department of Air Force, and I’m going to keep on making that offer to the government to one on says okay, we’ll take it.

Myron Golden 22:25
And when they do, it will be to the tune of hundreds of millions of dollars. And it’s not work. It’s a game. It’s a game. It’s like how many people do I have to go through? And how many people do I have to go to to get one of them to say yes. Let’s see. Because here’s why a lot of times people have a hard time when they get started in business from being an employee because being an employee got you addicted to a paycheck. So when you start your business, you’re starting the business because you want to make money instead of building something that will make you money. That’s the difference.

Myron Golden 23:00
The game is how do I build something that’s going to make me money? Not how do I do this work to make money? This is what I’m saying makes sense? Making sense? So so there’s there’s there’s investment games, and there’s business games. Like I somebody was telling me they’re getting ready to buy bitcoin when it’s $30,000 I said I wouldn’t do that. I don’t remember who it was. I said I wouldn’t do that. Bitcoin goes down to like it hits the basement every October. So it goes down in the fall and it goes up in the spring.

Myron Golden 23:27
So if you want to buy bitcoin I’m not I’m not this is not this is not this is not a recommendation. I’m not saying go buy bitcoin. But if you want to buy Bitcoin or cryptocurrency you buy it in the fall, when it gets down so low, it feels like the bottom is about to fall out, then you buy it when everybody else is scared of it everybody else is selling then you’re buying when everybody else is buying, then you start selling that you got to learn how to play the game, but you got to understand the rules of the game. And see what happens is most people are playing checkers with their life while the system is using them as pawns on a chessboard.

Myron Golden 23:58
So like I said before, if you don’t learn how to play the game, you’re always going to be played by the game. And if you don’t want to be played by the game, turn making money into a game instead of just working for money your whole life. Hopefully that helps somebody. But if you want to win at the money game, those are some of the things that I would recommend you do. Like it’s interesting, like I speak, and like somebody wants me to come speak for them. I charge $250,000 an hour. I mean at your turn $50,000 To come to a speech plus they have to pay all my expenses, including private jet travel, which is $11,000 an hour for me to get there and get back. Okay. You charge how much? Yeah, that’s almost hurt.

Myron Golden 24:43
Now, here’s what’s cool. You say Man, why did you make your feet so hot? Because I like sleeping in my own bed and staying at my own house and you’re gonna make me leave I’m gonna make you pay. See, that’s the game. You understand? That’s the game for me. That’s the game. And so if you want me that badly then then I’m We’ll come help you. But if you don’t want me that badly, you don’t want me and I’m okay with that. Most people, most people build their business in a way where they’re out wanting people to say yes to their offers. I build my business in a way that only the best people say yes to my offers, and everybody else says no. Now don’t have to deal with any of the headache. It’ll change your life when you understand that it’s all a game.

Myron Golden 25:24
So when I’m speaking, let’s I’m speaking, I’m selling from the stage. So I do all this really theatrical, really goofy stuff. Some of you have been to some events where I’ve been speaking. So one of the things I do I teach this lesson called repetitive use, people think that because they can’t do it. Now, that means they just can’t do it. Well, just because you can’t do it now, doesn’t mean you can’t do it, right. And so I’ll get down and start doing push ups, I’ll say, you know, I remember when I first started wanting to get back in shape, I started doing push ups, I want to do 50 pushups, right, I want to do 30 Push ups, I want to get down and I could barely do three. I just lay there and I’d get down on the floor, start doing push ups I just laid on the floors, I just push up thing doesn’t work, right.

Myron Golden 26:05
But the next day I come back. And not only did I not get stronger and weaker. Now I’m going to leave you to I’m still laying on the floor talking the whole time. Why I’m playing, I’m playing, you know why I’m playing, I’m playing because you will always make more money. If you let the little child and you connect with the little child and other people than you will by attempting to have the adult in you impress the adult in other people. Because people will like you better. When they see the little child in you. They will trust you more when they see the little child and they may not be as impressed, but they’ll be way more impacted. And so I get on the floor and I’m laying on the floor.

Myron Golden 26:42
And I say and I just keep going, this is not gonna work. And then by day 10, I get down to do my three push ups. And all of a sudden, I can’t stop and I’m laying on the floor. I can’t I can’t I can’t, I can’t stop. I can’t stop and people go bananas. But all I’m doing is playing in front of people. I’m not trying to impress them. What am I doing? I’m just showing them that it’s okay to be a real human being and still get paid. See what I’m saying is what I’m saying making sense. So learn how to play the game. So you don’t get played by the game. And that’s how you win at the game. And it helps us out comes back

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