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Set The Standard
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Set The Standard
Gain Passive Income Using This Real Estate Secret #251 Julio De Laffitte
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Wealth Building Strategies With Julio
Speaker 1Guys , I am here with Julio De La Fee and it is a treat for you . Let me tell you a little bit about him . He grew one of Australia's largest finance companies , sold it and then his idea around it was I am going to create an AI that represents this entire finance company . So now he's in the property game and he's absolutely killing it . It's one of the most successful people that I know . Dozens , dozens of properties absolutely blows my mind , and he runs one of the world's largest entrepreneurial companies . I'm pretty sure you work with thousands of different entrepreneurs we do , man .
Speaker 2Yeah .
Speaker 1Thousands of entrepreneurs . They take them to Antarctica , takes them to the Amazon , blows their minds , gives them strategies , connects them together to create more business Like they've generated .
Speaker 2I think it's millions of dollars of revenue between yeah , like when people come on the trips that generate millions and millions of dollars in just swapping capabilities .
Speaker 1It's insane . It's absolutely insane , and one of the reasons that me and Julio connected , like ended up connecting with him , is because he's super passionate about helping people increase their wealth . So in this podcast , in this video you're watching , we're going to be going into the strategies of how you can increase your wealth . So tune in . This is a very special episode . Put your thinking caps on and get ready , because you guys are going to get absolutely blasted with so much stuff . I would say , some real , tangible and practical tasks to do after this . It's absolutely insane . So , julio , what I want to know first question diving in deep is like what ruins people with finances ?
Speaker 2Not knowing the numbers , cory , it is insane . If you want to go conspiracy theory or not okay , we are indoctrinated to be slaves , right ? How ? So ? Well , the education process is all about you getting a good job . Think about it . It's all about preparing people to get a good job . So people finish an education thinking I'm going to go and get a good job , so I'll be an architect , I'll be an engineer . No , that is much better than being a bum for sure , right . But the truth is , suddenly what happens is people work for money and when you're under that condition , that hypnosis . Now people are watching , thinking this is everybody I know . I know the majority of people . Let's just go deep . We're diving now , okay , so we're going into it now and I'm just going to go fast . So I started with this statement People are being indoctrinated to be slaves . It's a grab . It's stationed like boom . Now , as I go down and people are like I'm interested , not interested , I want to say to you is see it for what it is .
Speaker 2When you finish your first high school , get your first job , or you finish university , if you get your first job , you make 50 grand , you spend 50 grand , you take it to 75 , you spend 75 . You take it to 300 , you spend 300 . So I work with people from all walks of life , so even they may take high-end doctors . We have plenty of them as clients . I can tell you right now some doctors come here . They make 800 grand a year . Guess how much they spend ? 800 grand , 800 grand . And that's what I mean being a slave , because what actually happens is there are some protocols in your mind that , even though you have great cash flow or great income , that's not wealth . So one thing's one thing , another thing's another thing . So for those people that are here now watching this being present , wealth is not a good job , it's not a good income . Income is income . Everything being equal , you spend it . That's the majority of people .
Speaker 2So that software leads people to a pattern , right ? So all the time I meet guys that are in their mid-20s , early 30s , and they're still like hungry , like I want to go , I want to do things , yeah . And in that moment they're still like hungry , like I want to go , I want to do things , yeah , and in that moment they're increasing their income . If they don't notice , they will spend that income and wealth doesn't get generated . So they're a slave to a process of which all the money you have in your pockets after tax , you are addicted to debt and you keep living .
Speaker 2That's where the AI comes in . The AI doesn't know who you are , it doesn't ? It just looks at the numbers and says what can you do to get ahead in life ? So what we've done is we've picked up this 30 years worth of experience and all the innovation and technology for the last 20 years . We're on it . It's not . For us , ai is not new . We got onto it almost 10 years ago . Wow , yeah , we're on , we're on . So now people come and when they go like , oh okay , how do I get ahead ? How do I do this ? Well , let me give you the software that is in people , in humans . So , guys , check this out . Corey calls me up and says look man , I am teaching people , I'm teaching man how to become better versions of themselves . I love it . How can we help it ? So I have worked with investments for 32 years Like there was no mercy when it comes to numbers , property , investment , property , finance , accounting . There's nothing we have not touched .
Speaker 1So what does like ? In regards to that , I just want to get a little bit clearer . What does wealth like mean to you ? Well , like you look at wealth and you're like okay , this is wealth Like . What is the description from your mind of what wealth looks like ?
Speaker 2So , if anyone's listening and they have a goal , they're like okay , I want to get to this goal . Perfect , what is that ? So we're mixing all sorts of conversations and I don't want people to get confused . The interview is about getting ahead and what is wealth ? I'm saying to people that we have AI that I am making available to every one of the guys that do your courses . Okay , so that's why I'm leading this way . Yep , right , so we become very clear . And then what's the AI going to do ? Then I told you I've been working with artificial intelligence for more than 10 years .
Speaker 2It's very tough to tell the computer to emulate a human , so we need to understand what are the software inside of people's heads ? What's the software inside of people that they make decisions , the way they look at life , and is this enhancing my outcome or not ? And this is what we've been observing for 30 years , and we put it all together . The question that you say to me , what's wealth ? Is extremely relevant . So let me just hit it . Hit it hard . If you and I met at the airport and you said to me Julio , I'm hopping on that flight , you're hopping on that flight , I got two minutes right . How do I get rich ? Here's the software . Well , you are accumulating capital or you're not . Or you are Code , guys code , or is mathematical language of choice left right . Or you are accumulating capital or you are not . Third line , most important one choose .
Speaker 1I like that , that's really cool , so choose .
Speaker 2So if you want a relevant conversation for all the guys , all the boys and girls that hang out , here's this Pick a date in your calendar . For me it's the 7th of August . It's the birth of my first child . Okay , I look on the 7th of August it's my reckoning day . Am I richer this year than last year ? Yes or no ? And by how much ? And you know it . Then you know it . Now the hypnosis gets you . If last year you're making a hundred grand , all right , 7th of August comes along . For me it's my date . Yours may be the 1st of January , it doesn't matter , it's a day , though it's in your calendar . So last year you're on a hundred grand a year . This year you're on 120 . You'll feel richer . You will feel richer Nonetheless , if you do not have accumulation of capital software inside of you , you just have a higher income . See what I mean . And if you have a higher income , everything being equal , you spend it Right .
Speaker 1So what's the difference then ? Because I want to get clear on this what's the difference between income and capital ? Cool , cool .
Speaker 2So if you're , everybody gets this you got your first job at 50 , then you took it to 75 . In other words , you got older , you got wiser , you were able to be promoted and your salary is raised , right , and then you take it from 75 to 150 , and you keep . There is a place where most people then start to be on a flat line and then increase according to CPI . Right , okay , that's income . So every single person that generates income , upon that income , you'll make decisions . This is the kind of car I'll drive , this is where I'm going to live , this is how many kids I can afford . And then you meet somebody , right , right , and then you have double income . Yeah , and that makes all sorts of financial decisions based on income . Now , income is you selling . Get this hours for dollars . So I generate 40 bucks an hour , I generate 12 bucks an hour , I generate 80 bucks an hour . And then you try to get really clever and generate $300 an hour . And then you try to get really clever and generate $300 an hour . Right , so your dollar per hour is your income . That income is taxed . The higher the income , the higher the taxation Got it . And then what's left over ? Everything being equal , you spend it . So now , what's capital Capital ? R Shares , gold , Property , everything being equal , you spend it . So now , what's capital Capital ? Are shares , gold , property , right , your own business , that's capital .
Speaker 2So let's say , now you meet Jimmy and you say to Jimmy Jimmy , how's it going ? He goes I'm 32 years of age , I am on $130,000 a year . I'm on $90,000 a year . Well , let's make him 100 . Let's make him flat 100 . Jimmy's 32 on 100 grand a year . Got it . What else have you got ? I got the Suzuki here , this motorcycle . I got this car . I got this . I got that . Do you have debt on these things ? Yes , no . How much shares have you got ? Oh , I don't have any . Do you have a house ? No , I don't have any .
Speaker 2So Jimmy is a good looking guy who has good income , no assets . Then you go to Tom , say Tom , how are you doing ? I'm 32 years old , I make 90 grand a year , right . And so tell me about the numbers . Oh , I got $10,000 in Amazon . I hold $10,000 in shares in Amazon . I got 30,000 shares of the Commonwealth Bank . I have 20 grand in crypto , right , a couple of properties , you know . So then the next guy says I have a couple of properties , right , so same income .
Speaker 2Then some guys have only income , some guys have this type of assets , some guys have deep assets , and that's what we teach people when you talk about property is this you can buy like half a million dollars worth of assets . Let's just say you go out and buy a property worth 500,000 . They're ceasing to exist . Right , you buy a property worth 800,000 . The beauty about what I call deep assets is this when you buy your own home , it's a utility , it's not an investment . You're using it , you're living in it . But when you buy as a property investment , it's not an investment . You're using it , you're living in it . But when you buy as a property investment , other people pay for it and that distinction is insanely cool .
Speaker 1Yeah , it kind of confused me . I don't understand why some people aren't rushing and working their hardest to trying to get a property and I don't know so that they can get ahead , because I did everything to get my first one . It took so hard , so much time , energy and effort to get one , and what I knew during that time was I was like one my financial intelligence was lacking . I didn't know the numbers , like some of the words and the concepts that , like you know , you were mentioning , like as we're talking , I was like I didn't know those . I didn't know income , capital . I didn't understand those and also was having the emotional intelligence around it .
Speaker 2I I didn't have this emotional intelligence .
Speaker 1I was like , am I even worthy enough to get this ? Like , oh , maybe I'll try later . Like , oh , maybe that's a little bit too hard . Or like , oh , this is scary . Looking at money is scary , but I'm like you know what's scarier Like dying , not having anything ? Like that's how I sort of think about it . Right , but I'd like to know in your is between financial intelligence and emotional intelligence , and what tools can you give ?
Speaker 2people to use . See , this conversation now is really starting to take shape , guys . It is difficult to talk about money without emotion . So , even though I may point out to you your internal dialogue , are you accumulating capital or not ? So for those of you who are watching , I hope that if you just say I need to accumulate capital and you don't know what that means , it's okay , because that's what Corey's talking about now . If you make a decision because you hang out with Corey , I'm going to accumulate capital , you're going to be richer than the version of you who doesn't say that Right Now we're going to define a little bit about how to do it .
Speaker 2So if you earn a certain amount of money and you spend that money , you never employed any of it . So
Financial Intelligence and Asset Formation
Speaker 2right now , you gave me code , you told me earlier on in my life I worked harder , I went at it . My financial intelligence wasn't sophisticated , but I knew I had to do something . That is the leaning towards . I got to acquire assets , so you have an income . So then I'm sure you ask some questions around and people said to you hold on , you need a deposit . Oh , how much ? 20% Got it . Well , what's the house I'm buying ? $500,000 . Whoa , I need $100,000 of deposit . Yep , now some people may right there and then get discouraged . $100,000 ? Yeah , some people are going to go . Hey , this is what I love about your program , because people step it up and people step it up . So if I now know I need $100,000 for a deposit on a house , how am I going to do it ? That's a much better question , rather than I'm going to let this go . So the emotional intelligence will cause you to go , oh or huh , that is it , or right , and you get like that , how am I going to get 100 grand ? Well , man , if you have no idea , get a second job . What ? Yeah , more hours , because you get dollars per hours . So if you're putting 38 hours right , yep , put now 46 hours , and that those hours you start to go towards the deposit , that cash is the beginning of your asset formation . Right Now .
Speaker 2If you find a partner right , find a spouse that comes on the same vein and says , yep , I'm in , let's go . You've got to watch that . Sometimes , emotionally , we have a plan and our partner has a completely different plan , or no plan at all . And when we want to go forward and your partner doesn't , because you can find a partner that wants to go forward with you , a partner that is flat , doesn't care , and a partner that resists , then you just pick it up . More drag . There's enough drag as it is . So let me just give you the sequence For most people .
Speaker 2And you see the software , you see the software in people . Here's how it goes . You get a job Like watch it play , watch it play . You get a job , uh-huh . And then you get a promotion , yep .
Speaker 2And then you meet somebody . You really like that person person hey , do you want to move in ? Of course there's a lot of meetings between meeting them and saying , do you want to move in ? It's a bunch of meetings , but eventually that's what he said hey , do you want to move in ? The person says yeah , so now you have double income . That's when you go overseas , that's when you upgrade the car . That's when you're like whoa , because now you have less bills because same rent , there's a bunch of things . The bills get shared . Two income my God , we never had so much cash . You match that income , that expenses , right , and then off you go . Now check this out . Pure software , brother , pure trends . Yeah , you got together , you committed , boom committed .
Speaker 2And then one day , one day , you're walking through the supermarkets just walking around , and then suddenly you see the diapers and you see the baby things , and then you go well , let's make one , let's make somebody that looks like us . And then next thing is you have a child . The moment you have a child , notice what happens is you have a child . The moment you have a child , notice what happens For most people the moment that they have a child , willingly or not , aware of it or not , they have a software upgrade , it's like , and it goes something like this emotionally , I've got to get serious .
Speaker 2Now I have somebody that looks like me . I got to get really , really serious . Now , what am I doing ? And then that person will now think I got to put a roof over my kid's health heads . I got to pay for education . Now I'm going to commit to get that pay rise . I'm going to commit to become more serious , more focused . All right , because there's people that look like me and now I'm going to put the deposit , I'm going to start and money starts to go . So you find people in their 30s okay , maybe 40s now they put a deposit for the first house , but their driving force is safety for the children .
Speaker 1So you're telling me the secret to get rich is to have a baby .
Speaker 2No , I am telling you oh good , man .
Speaker 1So have them as early as possible right , because then you've got to right Half of them as early as possible .
Speaker 2But the piece then , brother , is this and you keep matching your income to your expense , and now you have a mortgage , and now you have kids' education . At 46 , you show up at JBL Strategies , which stands for Just Do Life , and you say , man , I should be way ahead than where I am right now . So , everything being equal , you have a little bit of equity in that property . You can borrow against that property and go again .
Speaker 2For people watching this right now , what if , just as a scenario , a future existed for you watching this right now , where you go into an AI it doesn't know who you are , doesn't know into an AI . It doesn't know who you are , doesn't know who your accountant is , doesn't know who your father is , doesn't know anything . And you go this is my name , this is my age , this is how much I earn , this is this , this is that . And now what ? And the software looks at you objectively and says , if you continue the way you are , this is your outcome . If you were to focus a little bit on what's possible , and the software starts modulating exactly what to do .
Speaker 1You've got to do this , this and this , and what is possible for you shows up , we're going to get into this AI software and we're going to show you guys a bit because it's insane . It's insane Before we go in , because I want to talk you guys a bit because it's like insane . It's insane Before we go in , because I want to like talk you guys through it , because it's pretty wild , because even just knowing what's in the software is insane .
Speaker 2So let me just conclude this , okay . And then the third part is when it says what if you do it all the time ? But the bottom line of what we're saying here right now is for people watching
Understanding Wealth Accumulation Patterns
Speaker 2, there's already a distinction inside of them I want it , I don't care ? All right , not related to me , that's already in people watching this right now . So what we do for a living is we say to people do you want to know how to get ahead ?
Speaker 2Yep , there's no such a thing as investing without risk . First commitment you got to do is I'm going to accumulate capital . First commitment the sooner you do that , the sooner you do that right , the more time you have to do it , more often . Yeah , but bottom line is it's an internal human and the moment in which you're going to come , oh fuck , money's going to work for me . Money is going to work for me . Money's going to work for me . It has to start slow , because normally it's not as if , like I'm 18 and I just got this inheritance . It happens to very few people . The majority of us . We have got to go , get a job and have the discipline to put some money away and then employ that money .
Speaker 1Yeah , I'm really interested . I love that you say that I want like . What I know for sure is that some people who may be hearing this might be like oh , going to go after increasing capital or even getting more capital is like a challenge , right ? Just having to go for that Like well , that is so much energy and effort because I don't know . I don't know what to do , I don't know anything else .
Speaker 1And I feel like when it comes to accumulating wealth , there's like a bit of a wall there where it's like man , if I start learning some skills , people have this belief there's always someone so much better than me , so what's the point of even trying ? So I'd like to know , like , what is the difference in predictors that you have between someone who is a rich man and someone who's not a rich man ? So that , for anyone listening , if they're already rich and they want to get richer , more of these traits , right For someone who isn't as rich as what they'd like to be and they're like hey , I want to start increasing the gain with that . What do I got to do about it ? What are those ?
Speaker 2See , this is what we've been doing for 30 plus years . We're meeting people that have good standard of living and make enough money to have a good life . But the first parameter is have you made up your mind to accumulate capital ? So when you come to one of our courses or you come hang out is , are you employing money ? So for anyone watching right now , you say to people and it can be as simple In the software we say , how much can you save per week ?
Speaker 2And people say nothing . They match their income to expenses to the max . Or I can save $300 a week . Well , are you doing it ? Yes , I'm doing it . How much have you got ? I got 15 grand . That person has $15,000 worth of capital to deploy . That person is already tracking . So the majority of people will come to a moment , a moment where I'm gonna have to save money now to deploy it . That is the very first predictor . So it comes all the time , brother , I want you to know . A lot of people show up in a 46 birthday and all they're doing in genuine terms , going at it with the best they can , which is to give the best possible life to the kids . That's the driver , right ? That is the driver .
Speaker 2Is 46 , the most common age for that , 46 . People show up here . It's a glitch in the matrix 46 . People show up . Of course , some people show up at 35 . If you show up to see me at 26 , by the time I'm 46 , you're out . You're out of the game . You have capital now , but you know people start the game at 46 . What game ? Accumulating capital . This is why these boxes you see in the offices , they're all Monopoly games , all of it .
Speaker 1We give to people Monopoly games all the time . He has all these boxes in here . They All the time .
Speaker 2He has all these boxes in here . There's just full of Monopoly games . Full of Monopoly games . You say , look , someone was trying to show you how to play life . It's not a board game , it's a life game , right ? So then the first predictor is that one . So if people has just this spark yes , I want to get ahead Then let's go and buy a property Now . I have a few things that I'll give it to you in terms of comparison and that , if people say to me , why are you so rich , I want to tell you it's emotionally based .
Speaker 1Really yeah .
Speaker 2Why , like , how is it emotionally based ? Mate ? Listen , this is full on right , discovery upon discoveries . And this three minutes , next two to three minutes , of me telling you my personal story and my personal observation , let me ask you , let me start with the question what color do you prefer , blue or nyah ?
Speaker 1I don't know what nyah .
Speaker 2So you can't choose it , yeah . So , guys , what color do you prefer ? Blue or nyah ? Yeah , nyah , what's nyah ? No , no , can't choose it . You cannot choose what you don't perceive . You cannot choose what you don't know . So you , being rich , you've got to see it want it so you can choose it . I want it , right , and not pie in the sky stuff . So let's go solid , solid conversation . So here comes Julio .
Speaker 2I arrived in Australia in 1988 , 19 years old , in love with an Australian girl . That's why I came . So I arrived here and I'm like , hey , how's it going ? So I got my first job . Then I worked really hard . Then I got my second job .
Speaker 2But I want you to know , corey , I did not have the language to explain , but as soon as
Real Estate Investment Success Story
Speaker 2I could , and I married the girl and the two of us made a deal , I got two jobs . We lived on her income and I saved both of mine . Why , I don't know , it's just did it . Why ? Maybe because I want to impress her , maybe because I want to impress her parents ? I knew I had to have money work for me . I'm an outsider . But so what happened then was , within just shy of my second year in Australia , I bought a house , say 21 . Do you know why ? Why , because they let me . Oh , you just arrived , you can't . You know , you're just like . You want to buy a house ? Yeah , but here comes the distinctions . Okay , when I arrived in Australia in 1988 , inflation was really high . But inflation in Australia it was around 12% . Do you know what inflation was in Brazil in 1988 ? No , Try 232% .
Speaker 1What's inflation now in Australia ? It's sitting around four and a half , it's sitting around four and a half , it's sitting around four and a half and it was 12% when I arrived in 1988 .
Speaker 2Now I need to give you these distinctions because I told you it was emotional . So when I arrived here , inflation in Brazil , brazil's out of control . It's 232% inflation , 238 , like it was insane . Okay , now to borrow money in Australia .
Speaker 2I started to say to people hey , what is the cost of money here ? And people don't talk like this . I was translating from Portuguese to English . Right , what is the cost of money here ? People looking at me , like so I wanted to say it properly . Right , what's the interest rates ? And people said to me what's the interest rates ? And people said to me oh , 12% , easy to remember many years later 12% inflation , 12% interest rates . And I'm like so you look at it right now , right , inflation is sitting . The truth inflation right now is sitting around 5% , you know , and banks are landing around 6% . So things haven't moved very far . So I said to somebody hey , listen , what's the interest rates ? They said 12 percent . How's your inflation so low if the cost of money here is the same as the cost of money in Brazil ? Right , 12% . And this is when I got the distinction of my life , brother , in Brazil we're talking about 12% per month . So if you borrowed $100,000 , you have 30 days to show up with $12,000 to make the repayment In Australia . When they told me it was 12% per annum , it occurred to me like this is free money , 12% per annum . Now I want you to be very clear . Australians were freaking out . They were freaking out at 12% per annum . They were like , oh my God , we're going to die . For me it was like , oh my God , that is so cheap In Brazil . You needed four guarantors four guarantors . So if you borrow the money to buy a house , four people show up and say if he doesn't pay , I'll pay , and two guarantors must not be family In Australia . Do you know what ? You needed to borrow some money 20% deposit , that's it . They trusted you . You're good for the money . They said you're good for the money , brother . That's why I got two jobs . That's why I said to my wife let's hop on this , we live on your income , save both of mine . And I bought my first house . Did you buy another one ? Like soon after I bought another house a year later . And then what was the money ? Soon after , I bought another house a year later , and it was a little momentum , yeah Right . So I had two jobs and we lived on one income and saved all of it , right . So you're like , really , yeah , now I know prices . Now I started to go to get that way . But now we have better finances , now we have mortgage insurances , you can shop with 10% deposit , you can help your parents for help , there's all sorts of other things you can do . Now , right , but back then it was just her and I , right . So we go like , let's now do this . So a year later I bought another house , and here's part of the story .
Speaker 2I was in Australia already some time and somebody says to me have you lodged your tax return ? And I remember thinking new words what's that ? Oh , you have not seen a tax man . I'm like , no , I have not seen a tax man , mate . I end up in an accountant's office who asked me the following question so what have you got ? Oh , I got two incomes . Oh , you know you pay more tax on your second job . Really , did you not know that ? How's that work ? Explain that to me . Oh , you know you pay more tax on your second job . Really , did not know that ? How's that work ? They explained that to me . Uh-uh , right , what do you guys do now ? Now we bought two houses . Oh , which house do you live in . Well , what actually happened is when we bought the first house , we thought about moving into it , but the last moment we met another couple . They were amazing people . So the four of us rented a much bigger house together , close to the university and had a swimming pool . So I rented my house out . Little did I know it was the best financial decision I have ever made . So I rented my house out . I bought the second one , rented out .
Speaker 2I'm at the accountant's office now and then he proceeds to explain to me that because I don't live in the house , this is key . This is in ya right now , becoming a real color in your mind . The moment that he said to me we're going to depreciate the houses . I said what do you mean ? The house is going up in value . He says no , depreciating is an accounting entry process , like if you had a truck or a tractor on a farm , you can deduct . If you had a computer in your office , you deduct . Because the property is for investments , we will deduct . In other words , we're going to claim that the house is losing value from an accounting point of view . So how does that work ? The house is going up in value .
Speaker 2So I went downstairs I called my father and I said dad , I'm at an accountant's office . He's telling me that he's going to depreciate the properties . My dad said to me from Brazil , that's a big business guy . He said to me son , get out , it's a scam . It's a scam , it's a scam , get out , get out now . They probably tried to track you to something . I'm like dude , I'm in a proper accountant's office , right ? The guy is telling me he's going to launch my tax return and he's going to depreciate my properties .
Speaker 2Anyway , corey , I signed the documentation . I got in line with the ATO guidelines Cool Paid my taxes , the redo , and so on . With the ATO guidelines , cool Paid my taxes , the return , so on . My friend , six weeks later I got a check for $3,000 . Australia was already too good to be true . Australia was already amazing .
Speaker 2So young Julio gets a check from the government because my accountant did depreciation on one of my properties . I looked at it and I thought , my friend , I had no purpose for that money . I wasn't expecting . It's one of those bonuses in life . And I swear to God , I thought about upgrading my motorcycle because that's what you do , right . You buy a better car when it comes in , you buy a better something . You go on a holiday . The truth is I didn't need it . Without thinking it comes in . You buy a bed or something . You go on a holiday . The truth is I didn't need it , without thinking it too much . I put that $3,000 into the mortgage and the first house and I swear to you , corey , swear to you , I thought it was a one-off .
Speaker 2The following year my accountant lodged my tax return and I got another check . As a matter of fact , I've been in Australia in total now 35 years . I've been getting the checks every year . They never stopped . Best country in the world , like what ? So please understand the moment . I took that money back from the ATO and I put against the mortgage in the first house . I paid that mortgage down . The question now is what's the performance of that money ? That is asset accumulation , Like . So I paid it down . Next check get back . I paid it down and then it's like and I bought my third house as soon as I could . By the time I had my third property between me and my wife . We paid no tax .
Speaker 2So our friends , other couples and this is what I love about you teaching men about financial intelligence , because you see , you can't choose these conversations . These conversations are not new , they're old , they've been around for a long time . It's just people don't choose it because they literally don't know . But when they come into your program and you say , boys and girls , I have a facilitation for your financial acumen , let's know , and you start delivering conversations like that , programs like that We'll make available . I promise you , I'll make available to you and the people that follow you and do your program .
Speaker 2I gave a talk to 30 accountants . Every single person in the room is an accountant and I said to them it's not that you don't know , it's not that you don't know Everything . I'm going to say you know , but I'm not speaking to you . I'm speaking to your clients through you , because it wasn't one accountant that had one conversation with me that changed everything . But most accountants are not having this conversation with their clients because they don't see us part of their job . It's actually on you . How rich you're going to be is on you . So closing the whole circle now , brother , closing the whole thing .
Speaker 2So I bought my third house right . So now you fast forward that a bit further and it's July 26 , 26 years of age , and then I'm sitting with my father-in-law Christmas . He says to me what is your New Year's resolution ? Italian guy . So I married an Italian girl , right , she's first Australian born parents , italian . So her father says to me , my father-in-law says to me , what's your New Year's resolution ? And I , within my new knowledge , I said I want to be a million dollars in debt . Right , I just summarized it and he looked at me like , and he started saying swear words in Italian . He looked at her like you married this moron , like what is this idiot doing ? Right ? But what I was saying is I want to buy more houses .
Speaker 2I tried to explain to him that , brother , what I am doing here is I'm buying assets that other people are paying for .
WealthGo
Speaker 2So once I have a tenant and the ATO kicks in , right , he just flipped and I said to him is your accountant a friendly accountant ? He says , yes , I'll make a challenge for you between Christmas and New Year's . Let's catch up with your accountant . I'll show your accountant what I'm up to and let him say to you what I'm up to and you see if you approve it or not , because it's too emotional . Now he says , fair enough , I went to see the accountant . We went together . The accountant looked at it and said to him John , let me just explain to you .
Speaker 2Julio has the debt , he's responsible for it , but he's not paying for it , and that's nuh 101 . The tenant is paying for it , but he's not paying for it , and that's not one-on-one . The tenants is paying for it . Right , the tenants are paying for it , the ATO is paying for it . And , corey , as my houses became cashflow positive , those houses start buying shares , manage funds , crypto not me . The houses are buying them . So for anyone sitting here and saying to you hey man , where do we go ? I will give you the AI platform . I will give you and every one of people that join your platform this talk I gave to the accountants . That teaches everything about debt reduction , tax minimization .
Speaker 1Everybody in the room is an accountant , so I don't miss it well , I'd love for you to come in to set the standard community and teach everyone if you're listening to this , I'll get julio to come in . It would be my pleasure . Yeah , he'll come in and he'll teach you some , some wild stuff . It'll be my pleasure , it'll be my pleasure yeah , so how does so ?
Speaker 1how does like the , the ai , if I was to sign up , because I'm signed up to it and like I currently am using it , but if I was a new person and I wanted to be like , okay , what benefit am I going to get ? Because julio spent like close to two million or just over two million dollars roughly on this ai platform . Yeah , and what it does is essentially replicates being a real estate agent , but also tracks all of your wealth and how you can use it in property as well by just plugging your details . Yeah , it stores your properties that you have in there . It lets you know get your notifications when you're going to buy the next property . It lets you know in however many years that you use it , like how long you're in there , how much you're going to be worth , when to sell , when to buy , and then you've done it at a level where it's like he's measured it at a way which is so conservative , like the lowest possible , like worst outcome is what it looks . And you're still looking at it like , oh shit , I got to get a house , like now , because this is extremely incredible , because it is partnered as well .
Speaker 1It's partnered with your JDL company , which is a property buying company and , like Julio's property buying company , is one of the best buying companies . Like the amount of detail that you guys put into finding a property is nuts . So like with the properties that they source for you , that's plugged into the software , you're going to get a property that's just gets you ridiculous amount of gains . Like this is brilliant , it is , which is wild . So I'm like if I was someone like cool , I want to get a property , I want to make a profit , I can do whatever . I can reduce my tax right .
Speaker 1And I don't have to touch anything . I just do it by itself , right ? What do I need to do with the AI to make that happen ? I want to summarize this for you .
Speaker 2As we grew and grew and grew our company , we had real estate agents , we had finance brokers , we had accountants , financial planners , and in the observation process , every single time there was an interaction between one of the professionals and the client . What we did is we integrated all of it into the software . So if you say to me , is the software financial planning ? No , the software is WealthGo . Software financial planning ? No , the software is WealthGo and JDR stands for just do life .
Speaker 2So imagine if you had a synthetic combination between a lawyer , a financial planner , a finance guy . You punch it in and you go how am I tracking ? So the software is intuitive , is designed for you to work with your accountant , work with your mother-in-law if you wanted to . It's basically you plug in the numbers and it gives you the outcomes . If you keep playing the game the way you were playing , right , it's monopoly-like . So imagine you don't have to be 50 to know how you're going to turn out at 50 . It will know now . And if you are 50 now , you don't need to wait until 70 . You will plug the numbers in and will gradually give you next year , the year after , and it shows you how to accumulate .
Speaker 2The reason why we like property , is because you buy a lot of assets right , and other people pay for it . And then we integrate debt reduction , tax minimization to get your numbers to really perform . So , if you ask me to synthesize , it's houses that buy houses , houses that buy everything else . And what the software will do is not going to judge you , not going to know what you know . It's just going to look at your numbers and give you an outcome and then you can play with it to say what if I change this , what if I change that ? And this is why we create the client manager here would give you a call and then we would design a tailor-made strategy .
Speaker 1Yeah , I think one of the best features in the platform that you got is like , if you put your properties in there that you have , or if you haven't got them yet , and then , when you're available , by turning
Property Investment Success and Wealth Building
Speaker 1, by putting in your numbers and keeping updated , julio's team call you . When they're ready to buy another property and you already have like three or four different properties that you can choose from . They're like hey , you can buy these , yeah , yes or no .
Speaker 2And you go yeah , I'm like that is saved so much time , like it's actually incredible and and the properties that we buy are designed for you to leverage from them so you can get it . We can go again . If you are coming into the conversation here , you imagine we're trying to sell you a property investment , don't become a client here . If you become a client here , we're going to help you to maximize your capabilities of accumulating capital . Definitely , that's the game Houses up by houses up by the richer you become , the more you become our client . We represent your interests rather than the interests of anyone else .
Speaker 1Yeah . So if you're around the ages of like 27 to 40 and you're like , wow , I really want to get ahead , like this is where to start and you can get in contact , if you're interested in this , you can get it . You have to join , set the standard If you want to get in contact in my community and we'll be helping out a bunch of the guys in there , you know , being able to get their first property , their second property , and what involves that is discipline , it is emotional intelligence , it is confidence , it is getting outside of your comfort zone , right , and taking big action . Because , yeah , we may have to make some sacrifices in the short time and , yeah , we're going to play it big in the short term as well . Because if you want to be in a lifestyle like you like Julia lives very lusciously and , as I said the other day , he's like I'm in this great position , man , man , I look great , I feel great , I'm cashed up and I'm like , yeah , you're cashed up , julia .
Speaker 1Like that's sick and it's real good in terms of motivation for me , because my dad wasn't like that . I didn't have any masculine mentors that knew any of this stuff around property or whatever . I had to learn it all by myself and try to figure it all out . Learn sales , learn techniques , get outside my comfort zone , heal all my money , shit and reprogramming that's in my brain and being able to connect with someone like julio and understand , like , okay , this is what it looks like and this is what you can do , this one strategy is extremely powerful . So if it does resonate with you , like , just reach out to me and , yeah , I'll speak to you guys soon . That's sick , but I hope you guys took some nuggets away from julio here , so excellent . Thank you , bro . Thank you so much .