Shadowing Practice: If you're trying to get RICH and in your 20s or 30s, please watch this. - Learn English Speaking with YouTube

I'm not sure what you're doing.

⏸ Paused

Speed:

314 sentences

If sentences are too short or too long, click Edit to adjust them.

I'm not sure what you're doing.

Start here.

Just exactly like I did.

Cash flow, cash flow, cash flow.

More money in the short term or long term?

A lot of people when they first get started with their career,

they think so far into the clouds.

It's not about the money,

it's how you make the money.

It's a big component of luck and God's grace as well.

I don't know.

I guess it's just, it's all related.

All right, bro.

So we know you fly private a lot.

Are you flying first or business today?

Private?

What's the plan?

No, we're not flying private to America, bro.

We did do that once on the BBJ.

Yeah.

That was very unnecessary.

But I guess that was also a bit of a celebratory flight.

We were squaring off on a big investment out there.

But no, we're slumming it in first class.

And for the viewers watching,

I mean, you live on a very nice villa on the Palm.

Got all these nice cars.

I mean, flying first and private a lot.

Spending a lot of money, no?

Everything is relative, you know?

My rule is, or I guess my rule was 70-30 split, I think.

You should, well, it's actually funny.

It works in this weird curve.

Like, when you first start out,

you're going to probably, it's going to be 70-30s,

and you spend 70% of your income,

and you save 30% of your income.

And then it gets to a point where we're actually saving and,

more importantly, investing 70% of your income and spending only 30% of it.

And then you get to a point where hopefully you get to a point where you're you have

so much cash flow coming in where you're once again,

then go back to like I'm at a point right now

where I actually just can't spend 30% of my income because it just it would generally just be.

Yeah, as I just that's wasteful, I guess.

So yeah, I spend about this year,

maybe 10% of my earned income.

Obviously, there's your portfolio income and then there's your earned income this year, probably maybe 15%.

So it's all relative.

But I also like I just think everything is meeting in the middle.

Like I hate these people.

They're just so frugal and they're like,

I need to penny pinch and save.

And they also think like they're bad people for spending money.

I'm like, what's the point?

You don't want to be rich.

You want to experience a rich life and whatever that means to you.

So for me personally, I feel very fiscally responsible spending 15% of my earned income.

Obviously this year our investments have done very, very well.

We're about to go visit two of them in New York then yeah.

I don't know, I guess it's like,

like I'm not tone deaf to the fact that of course I live a very privileged life at this point,

but as I said, I guess it's just all like relative.

You know, in another person's world like you're flying private to New York,

like why would you fly a commercial?

In another person's world like it's crazy,

you know, I don't know.

I guess it's just, it's all relative, isn't it?

Well, I think as you get further along in your career,

ownership means more and more to you,

And I came from being in this industry to,

I guess it's kind of the same thing,

like being a Formula One race driver compared to being the

owner of a Formula One race team compared to owning a stake in Formula One itself or the rights,

the television rights to Formula One itself.

Like I kind of went from being a player to then owning a team to now,

in a sense, owning a part of the division.

So, you know, WAP is the fastest growing fintech platform for digital products for our industry.

And that's not, I guess I'll kind of call it how it is when people make $1 on our platform.

Obviously, I get a very,

very small percentage of that.

So I guess a good thing that people make over 150 million a month on our platform right now as it is.

And yeah, I guess it was a very, very large check.

It was a big bet,

but it was also a calculated bet.

I mean, what better industry to invest in than the one that you've been participating in in one way,

shape, form or fashion in the last 10 years.

So I think a lot of people when they first get started with their career,

they think so far into the clouds.

Like they're thinking about ownership and thinking about big enterprise plays

and like they have like all of these massive grand visions

and i just don't think that's the way to go like

first you start off as you start here just exactly like i did you start here

and then eventually you work your way up

and then you know one day you're 10 years into an industry

and you're looking at here i don't even know how many

square keep this office is you know you're looking at your office and and you're a co-owner in a multi-billion dollar company.

100

I'll be honest, I still think we're very much in our infancy as much as we've grown.

101

Obviously not going to disclose the exact numbers,

102

but since I invested, we've grown 6x in the last year and four months,

103

or at least at the valuation I invested at.

104

So yeah, it's been a wild ride.

105

As you get further and further on in your career,

106

like to be honest, you don't care about all the flashy this, that stuff.

107

You just want ownership.

108

And yeah, I think that's why you work hard to be able to own stakes in the businesses that you do.

109

Obviously with ownership comes definitely a level of control

110

and level of influence and I think in a sense that's almost more powerful than money

111

so it's almost the same as like buying a house to

112

then going to developing buildings to then owning the steel

113

that people use to develop their buildings it's like the closer

114

you can get to the root of what people use from an infrastructure perspective

115

and the more stake and ownership you can have in

116

that that's always I mean that's always the dream so I'm I'm always just looking for infrastructure plays like for our industry,

117

for digital products.

118

WAP is the biggest business.

119

It's a multi-billion dollar company,

120

which is tiny in all honesty,

121

compared to where it could be and should be very soon.

122

And I will also say,

123

because I think it's important,

124

it's a big component of luck and God's grace as well.

125

Like I was right place,

126

right time to be in the right industry,

127

to have the knowledge and expertise I have in this industry,

128

to have the influence I have in this industry.

129

Obviously, having done very well for myself in life to be able to have the cash

130

and the stockpile to deploy when opportunities like this arise,

131

because an opportunity like this could have arose to have a very strategic and favorable,

132

without getting into specifics, investment and have an opportunity to reopen a previously closed round because that's not common.

133

To be able to have that opportunity,

134

you also need to be prepared for when the opportunity presents itself.

135

So, you know, I do want to say there's definitely a big component of luck and timing that plays into it.

136

So, you know, I can't remotely take anywhere near 100% credit.

137

Sometimes you're fortunate.

138

I guess I thought fortunate with this one.

139

Right place, right time.

140

So is doing something that makes you more money always the right decision?

141

Well, I think first things first you need to clarify is like more money in short term or long term?

142

Because like, for example, like we have people that work for us at WAP that have already made multi-millions.

143

I mean, some people even like eight figures and they took a,

144

I don't want to say a pay cut,

145

but they probably could have made a lot more money in the short term

146

if they had just kept doing what they were doing.

147

But they know that what we're doing here is a rocket ship that's just only going up.

148

And the other big thing is I feel like once you've met like most of your like basic needs.

149

And I will say like I'm no person to judge.

150

Basic needs for some people mean different things.

151

You know, it's funny.

152

I was speaking to an associate of mine and she was saying like we were kind of having this conversation.

153

I was talking about like how much people think they need more money than they do to survive off of.

154

And just as I was about to say a number,

155

she was like, yeah, like you only need like 18 million a year.

156

And I was like, what do you spend 18 million a year on?

157

And she's like, oh, my jet fuel is five million a year.

158

And like, that's like, that's her truth is like a multi-billionaire.

159

My truth is another number that,

160

you know, some people might find big.

161

For some people, they're like,

162

oh, I need 30 or 50K or 100K a year to live off of.

163

So my point is like,

164

once you hit that number,

165

you start looking, you start looking at different things.

166

And I think like one of the big things is not what are you doing?

167

It's who are you doing it with?

168

Because I feel like if you do it with the right people and you show up to work every single day,

169

like right now it's nine o'clock, 847 on a Tuesday there's still

170

so many people here you know most people can check out

171

I was in the office on a Sunday there was like

172

15-20 people here no one needs to show up here on a Sunday

173

but people love the people that they work with so much

174

so yeah I guess all

175

that to say I think once you get to a certain

176

position like it's not about the money it's how you make the money

177

and it's also not about like how you make the money

178

it's also about like who you make the money with if

179

that makes sense

180

and sometimes I'm a very pragmatic person I think also you

181

need to be like wise you need to be smart

182

and you need to like honestly like go get your bag

183

but once you've done that I feel like you kind of have earned the privilege to go,

184

okay, what do I really want to do?

185

And maybe short term, it doesn't make you as much money,

186

but long term, it actually can make you far more money.

187

Number one, number two, just considering like genuinely,

188

like, do you love the people that you work with?

189

Because I'll be honest, there's been multiple times and like,

190

it's funny, because you hear it and you're like,

191

oh, no, like, I'm different.

192

You know, I'm different.

193

Because you hear these things of people saying,

194

I've heard from multiple people as I was like,

195

coming up in my career.

196

Oh, the benchmark, you always keep pushing the benchmark for.

197

And I was like, nah,

198

nah, this is, you know, big number.

199

Once I hit this number, like I'll retire.

200

Like in my mind, I was going to like retire for a few years and kind of take a few years off.

201

And I hit that very,

202

very big number in 2021.

203

And then I hit another very,

204

very, very big number multiple times since then.

205

And each time I was like,

206

oh, you know, maybe this,

207

like I'll kind of take time off and take a few years off.

208

And I think, Jenny, if I didn't enjoy the people that I worked with,

209

whether it's, you know, my own companies were on the sole shareholder,

210

whether it's businesses like WAP or you saw another one of our companies,

211

Lira, where I'm a co-winner with a large stake in the business.

212

So I don't rub shoulders every single day with my team at these companies,

213

but still very involved.

214

And it's just genuinely without these people,

215

like, I don't know, man,

216

I just think I retire at this point.

217

So I think that kind of goes to show that it's not always about making the most amount of money.

218

I think sometimes for your soul,

219

it's important to love what you do.

220

And by the way, love what you do to me also doesn't mean like every single day is like roses

221

and sunshine and blah, blah, all this stuff.

222

Today, there was a very difficult C-suite conversation we had to have in this room,

223

like a three-hour conversation about some things directionally where we might be missing the mark,

224

or we could show up better,

225

some key hires, some, yeah,

226

it was just like today was like one of those heavy conversations.

227

So when I say that,

228

you know, do what you love,

229

I don't mean that like an airy fairy,

230

oh, if it feels difficult,

231

or if it feels hard,

232

or if it feels like is a part of the work you don't like,

233

well, then, oh, you're not meant to do it.

234

It's like, no, like, honestly,

235

80% of whatever you do will always kind of suck.

236

And that 20% will make the 80% worth it 10 times over.

237

So yeah, I would say it's not always about making the most amount of money.

238

But that is a privilege that you get to a certain point.

239

And I don't mean like he's need to become a multi

240

multi-millionaire to get there just like I feel like once you

241

you you kind of get to like a hundred K a

242

year pretty steady you kind of get to a point where

243

it's like okay like what do I really actually want to do in life

244

and who more importantly do I want to be on this journey with

245

the number one thing that you need to focus on in my opinion is cash flow

246

and that's really what I'm immensely grateful that I optimized for at the beginning of my career is cash flow,

247

no crazy top line numbers,

248

no crazy empire plays, like just get to a certain position in terms of your cash flow,

249

then get to a certain position in terms of your investment portfolio.

250

And then later down the line,

251

you can focus on these big empire plays and whatnot because we're on the way to Miami now,

252

but we literally just visited two of my offices.

253

I guess I won't go into specifics,

254

but like WAPA right now is a $4 billion company and I'm a co-owner in the business.

255

There is another example.

256

We raised in a $40 million valuation in May

257

and then Q1 of next we should do our series a at about 150 million valuation

258

and even in that business minus the two co-founders i'm the largest shareholder

259

so from that you can kind of decipher how much money i have in these businesses

260

and how much just two of those businesses alone add to my net worth

261

but you need to understand

262

that does not pay for this transportation like having the privilege

263

of anywhere i am in the world always being able to fly in comfort my equity

264

and my stake in these businesses doesn't do anything for me

265

my free cash flow does okay i can't pee for this flight with my stake in these businesses.

266

Now, as time goes on,

267

you start to build relationships with banks.

268

You can pull some equity out of businesses.

269

You can pull equity out of even the stakes that you have in businesses.

270

Like there's different financial games that you can play.

271

But I really think that people have this idea that even a lot of the owners of these multi-billion dollar companies,

272

like they're killing it.

273

They're living large.

274

Like a lot of times it's genuinely not like that.

275

If you want this kind of lifestyle,

276

you need a cash flow

277

or you need to have successfully exited some of your positions in these businesses or sold your business,

278

exited your business.

279

And once again, even when it comes to selling and exiting a business,

280

like there's so many stipulations that people don't understand.

281

They see, oh, XYZ person sold their company for $300 million.

282

It's like, yeah, okay, but show me the term sheet and then you'll actually know what they walked away with.

283

So I've said it before.

284

I'll say it again.

285

Like cash flow is not only what makes you live a rich life.

286

It's what makes you feel rich.

287

Like I speak to so many of my friends and it's a big pattern with people that exit their business,

288

even though they have a lot of money,

289

they have a lot of money,

290

but now they don't have the tap of cash flow coming in. and

291

because they don't have the tap of cash flow coming in they actually feel poor again even though they've got

292

so much money in the bank because it's just psychologically

293

when money isn't coming in even though you have this bed

294

and of course you can deploy that capital and invest

295

that capital just because you're deploying and investing that capital you're not seeing

296

that return straight away

297

so it's just i really do implore anyone at the beginning

298

stages of their journey just cash flow cash flow cash flow

299

disregard the revenue numbers disregard the big top line like as

300

an example with lira like we're not profitable like of course

301

we're not profitable that's the name of the game Like we are burning money to get more market shares.

302

So even though a paper just my stake in that business loan,

303

I'm very, very rich just because of that business.

304

That doesn't mean that I then get to experience a rich life because of it.

305

Until the day that business sells or effort business sells,

306

because this stuff is always there's no guarantees of life.

307

And that's why, as I said,

308

I don't like to focus on net worth per se.

309

I like liquid net worth.

310

That's a different story.

311

And I really just do wish that all of you guys focus on smaller numbers,

312

but consistent numbers, growing numbers

313

and just keep growing your cash most parking money putting it to the side

314

so that way later you can have your big empire place

TRENDING

What is the Shadowing Technique?

Shadowing is a science-backed language learning technique originally developed for professional interpreter training and popularized by polyglot Dr. Alexander Arguelles. The method is simple but powerful: you listen to native English audio and immediately repeat it out loud — like a shadow following the speaker with just a 1–2 second delay. Unlike passive listening or grammar drills, shadowing forces your brain and mouth muscles to simultaneously process and reproduce real speech patterns. Research shows it significantly improves pronunciation accuracy, intonation, rhythm, connected speech, listening comprehension, and speaking fluency — making it one of the most effective methods for IELTS Speaking preparation and real-world English communication.

☕ Buy us a coffee

ShadowingEnglish remains 100% free thanks to your support. Server and AI costs are high — your coffee keeps us going! 🙏

Donate via PayPal

ShadowingEnglish.com – English Shadowing Practice

Speak English fluently using the Shadowing technique. Listen to native YouTube videos, repeat sentence by sentence, and build real pronunciation and fluency — used by IELTS learners worldwide.

Shadowing Practice: If you're trying to get RICH and in your 20s or 30s, please watch this. - Learn English Speaking with YouTube

Popular

Context & Background

Top 5 Phrases for Daily Communication

Step-by-step Shadowing Guide

What is the Shadowing Technique?

Shadowing Practice: If you're trying to get RICH and in your 20s or 30s, please watch this. - Learn English Speaking with YouTube

Download App

Context & Background

Top 5 Phrases for Daily Communication

Step-by-step Shadowing Guide

What is the Shadowing Technique?