Follow These 3 Numbers and You'll Never Need a Paycheck Again

The average American would rather look rich than actually be rich. That's why the average American is paying $767 a month on their new car payment, but does not have $1,000 saved up to replace the brake pads when they fail. But not anymore, because in this video, I'm going to break down my $7510 money rule. That way, you can start building wealth regardless of how much money you're making. Everybody's taught to work for a paycheck. You go to school to get a job, that way you can make a big salary. But when you work for a paycheck, you're never going to have the ability to build wealth. And that's why all wealthy people don't work for a paycheck. They work for a different P. They work for profit. Profit is great because now when you work for profit, you get paid when you're not working. And there's no limit to how much you can make. When you're working for a paycheck, there's always going to be a cap. Because if you're making $20 an hour, maybe you get a $2 an hour raise, maybe a $5 an hour raise. maybe a $10,000 a year raise, but there's always going to be a limit on how much you can earn. When you work for profit, there's no limit. So, here you get paid even if you're not working. Here you have to go to work to get paid. Here there's no limit to how much you can earn. Here there's a limit to how much you can earn. And last, but definitely not least, as a licensed attorney who is not your attorney, you also pay less in taxes when you make money from here than when you make money from here. That's why all wealthy people are working for this while the majority of Americans are working for this. And that's why the majority Americans stay broke and they don't even understand why. Now, at this point, you're probably thinking, "Well, that sounds great, Despite, but how do I actually get this instead of this?" Well, let me show you. Option number one is you build a business. I run a company called Briefs Finance. After we pay all of our expenses, I pay for my employees. I pay for our rent. I pay for our softwares. I pay for our tools. Well, money is left in the bank account that comes to the owners. And because I'm the owner of the company, that means I get those profits. So, if you build a business, those profits are yours. But the reality is most people shouldn't be in the business of trying to start a business because it's hard. That's where option two comes in. You can work for a company that offers profit sharing. Now, when you're getting the profit sharing, that means you're getting a piece of the company's profits. Sometimes companies do this by giving you stock. Sometimes they do this by giving away a profit sharing bonus check. In our company, Briefs Finance, we do a company dividend. So, anybody who works in the company is entitled to the company's profits as well on top of their salary. But maybe your company doesn't offer that. Maybe you're in a career where that's not common. Option number three, use your money to buy access to those profits. This is what investing is all about. You're using your money to buy access to profits. That way now somebody else is working to operate a company. Somebody else is working to operate a business and you're getting the profits from owning that piece of the business without you having to actually work in the business. And if you make good investments, that means now your money is going to be working harder than you. Because when you go to work every single day to get this paycheck, you have to work to get paid. When you use your money to buy the profits, well, now your money is working every single day to make you more money. And your money can work seven days a week. It can work 24 hours a day. It doesn't need to sleep. And eventually as you continue to invest more money, your money can make you more money than you can because there's a limit to how much you can earn, but there's no limit to how much your money can earn. And the nice thing about this is not only can it make you more money, but you can also keep more of that money because the tax code allows you to pay less in taxes when you make your money from your investments than you do from your job. But how do you actually buy these profits? Let me break it down. By the way, for those of you that are investors or want to become investors, I have a free daily newsletter called Market Briefs where my team is breaking down what's happening in things like the economy, housing, stocks, crypto, and global markets into a fun, witty, and easy to read newsletter. It's read by hundreds of thousands of investors every single morning who are breaking down what's happening in the markets. And as an added bonus, when you sign up for market briefs, you're also going to get access to a free investing master class that I put together. That way you can level up your knowledge as an investor and start finding opportunities before they hit the headlines. So if you want to get my market briefs newsletter and my investing master class all for free. All you have to do is sign up and I have the link for you down in the description below. Now here's the reason why most people never get a chance to earn these profits. As soon as somebody gets this paycheck, what they do is they take the paycheck and then they spend the paycheck. What do they spend it on? Spend it on rent or your mortgage. You spend it on your car payment and your groceries. maybe some nice clothes here and there and a vacation. And so you make your money, you spend your money, and then you have no idea where your money went. So you make your paycheck and then it just leaves. Well, you never have a chance to earn any profits when all of your paycheck is constantly going out. But what every wealthy person and every person who becomes wealthy does is very different. By the way, from my male followers, I drew a mustache. In my native language, Punjabi, we call it a much. From my female followers, I drew a braid. In my native language, Punjabi, we call it a gut. And what every wealthy person does is they have a system. They know how much money they're going to save. They know how much money they're going to invest. They know how much money they're allowed to spend before they even earn the money. And so what you can do now is when you get paid, you're going to separate your money into three different buckets. And this is what 7510 is. What this means is for every dollar that you earn from here on out, 75 cents is the maximum that you can spend, 15 cents is the minimum that you're going to invest. 10 cents is the minimum that you're going to save. And then you want to put this in three different bank accounts. This is not an optional step. This is a mandatory step because if you operate all out of one bank account, it's very easy to accidentally spend your investing money on a brand new TV. It's very easy to accidentally spend your savings money when Amazon has a Cyber Monday sale. So, create three different bank accounts and then create an automation. That way, you don't actually see the money. It happens by itself that as soon as you get paid, some money goes here, some money goes here. Now, the first time you hear this, everybody says the same thing. just breit. I'm living paycheck to paycheck like everybody else that I know. How do you expect me to go from spending all of my money to spending only three quarters of every dollar that I earn? And I want you to think about it this way. If the government raised your taxes tomorrow by 25%, what are you going to do? You're going to be upset and be angry and complain and cry and scream and kick and then you're going to figure out how to pay it. Because if you don't, you're going to go to jail. This is a tax, but it's not a tax going to the government. It's a tax to make you rich. And that's why you want to automate this in three different bank accounts because when you don't see the money, it's a lot easier not to spend it. And now, when the money goes into your savings account, just so you know, you don't want to save your money forever. You want to have somewhere between 3 to 12 months worth of expenses in your savings account. And so, just figure out what that is. If you have $5,000 a month in your expenses, that means you're going to have somewhere between $15,000 to $60,000 here in this emergency savings account that you only spend in case of an emergency. And Amazon having a Cyber Monday sale is not an emergency. Chipotle having a BOGO sale, not an emergency. I'm talking about actual emergencies here. You lose your job, your car breaks down. That's what this money is for. And the reason why it's such a big range is because some of you are 25 years old. And when you're 25 years old, you're not married, don't have any kids, you don't need a year's worth of expenses saved, you can be more aggressive with your investing. That way, you can build wealth faster. So maybe you only need 3 months. But if you're 45, 55 years old, and well, you got kids, you got a spouse, you got financial liabilities, now you want to have closer to 6, 9, or 12 months worth of expenses saved depending on how risk tolerance averse you are. And that way you have money to fall back on in case you were to lose your job or something bad were to happen. Once you save that year's worth of expenses or whatever your goal is, you stop saving this money and now you can invest more aggressively. So instead of 75 1510, it becomes 7525. But here's the beauty with this 15%. This is where you become wealthy because this is what you use to buy these profits. Now everybody says, "Well, where should I invest my money? Tell me what stock to buy." But that's the wrong question because for some people stocks are the right investment. Warren Buffett became incredibly wealthy in the stock market. He's not a real estate guy. Donald Trump became extremely wealthy in the real estate market. He's not a stocks person. Some people became incredibly wealthy in the gold market. Some people became incredibly wealthy by buying businesses. Some people became incredibly wealthy in the oil industry. Some people became incredibly wealthy doing other things. What's right for you is going to be dependent on what you want to spend your time in. And that's what you have to understand is that there's not one path to investing your money. Now, I'm going to talk about different ways that you can start, but different people are going to excel at different things. I started investing my money actually, like seriously investing my money around the 2011 time. Well, in 2011, we were in the bottom of the 2008 great financial crisis where real estate prices were hit extremely hard. And during that time, we were able to buy real estate for pennies on the dollar. So I started investing but I started investing in real estate. That was where the biggest opportunity was for me. So I started investing in real estate in 2011 2012 and I said who needs the stock market? Real estate is great. Well by 2015 real estate prices had gone up a lot. It was a lot more expensive to buy my real estate and there were more opportunities I was seeing in the stock market. So around 2015ish I started getting more involved in the stock market and I started to see more opportunities there. Well then I started to buy things in the stock market. Then around 2017, I started to see opportunities in cryptocurrency. So, I started buying Bitcoin. This is back when Bitcoin was around $3,3500 a coin. So, I started buying some of that. Well, then came the 2020 pandemic. What happened then? The stock market got hit extremely hard. Same thing in 2022 when the stock market fell by 20%, I was buying a lot more stocks then. So, you don't have to pick one thing and only stick with that for the rest of your life. In fact, the people that say you have to buy gold to become wealthy. You have to buy real estate to become wealthy. You have to buy stocks to become wealthy are often selling you a program. For me, I invest in everything. I've been buying gold for many years. I've been buying real estate for many years. I've been buying stocks for many years. I've been buying a lot of different things because I don't know what is going to work. And also, different things work in different economies. In 2020, when the pandemic hit, stocks crashed and crypto crashed, but real estate went up. In 2022, Bitcoin crashed, stocks crashed, real estate went up. Today in 2026, real estate is getting hit while stocks are benefiting. Thing that you have to understand as an investor is you want to be a long-term investor, not a trader. Period. Because a lot of people get excited by this idea of investing the money. So they go on to Reddit, they go on to CNBC, and they start to see where's the hot money moving. And when you're chasing the hot money, you're probably going to lose. And so by the time it's on the news, that's when the people that bought early are now starting to sell because everybody's now catching on. And that's when the average person comes in and buys and hopes that they're going to get rich quick. And then you oftentimes lose money because of that. And that's where you just want to remember that if your goal is to be a long-term investor, you have to be a long-term investor. And a long-term investor is not three months or even three years. We're talking many years, if not decades, because that's where the real wealth is built. You look at any successful investor and you start to see that time is the most powerful tool. And so now when you start to think in terms of 10 years as opposed to 10 days, your investing strategy and your investing emotions start to change. And that's what you want to think about. Where you invest your money is going to vary depending on how much money you have, how much time you want to put in, and how involved you want to be. Because if you want to invest in real estate, it is great. You can get cash flow. You want a hard asset because you can see, feel, and touch the real estate. And you get some of the biggest and best tax breaks that our tax code has to offer. And I can tell you this as a licensed attorney who's not your attorney, which means you can make money as a real estate investor every single month and pay little to no money in taxes legally, but you need more money to start. It's going to take a lot more work. You have to build a team and you have to operate your real estate business. Now, yeah, you can go and invest in somebody else's real estate deal, but they have to go out and actually find that real estate deal, find somebody who's trying to raise money to go build a real estate development project or operate and manage a real estate investment portfolio. It takes more work to invest in real estate. People want that. Some people like that. It's much more entrepreneurial. Other people don't. Other people say, "I don't like the idea of being so involved in my investments. I just want to invest in something simpler and start simpler." Well, the stock market is a great place to start. You can start investing in the stock market with as little as a hundred bucks. You can just invest $100 a month, $100 a week, $10 a week, whatever you're comfortable doing, and you can own a piece of the broad United States economy because you don't even have to pick a stock to invest in. That's actually a big mistake for a lot of people is they try to pick and find the next Amazon, they try to pick and find the next Tesla. Well, you're probably going to miss because if you have no research, you don't know how to read a financial statement. You don't know how to read a balance sheet. You don't know how to read an income statement. You're now just gambling because you're trying to pick the next Amazon or Tesla based off of what you see on Reddit and CNBC. Well, by the time it's on the news, a lot of the real money has been made. And if you're investing in money based off of the news, well, you're already behind. And you will say, "Well, John Spit, what if I use Chachi PT?" Well, where does Chachi PT get the information? It gets it from the internet. And by the time it's already been published, people already know that information. That's why you want to stay one step ahead. I'm not saying you shouldn't invest in individual companies. What I'm saying is you got to know the difference between actual investing based off of research and just investing based off of the news. So, the simplest way to start investing your money in the stock market is just buy a piece of the American economy. There are funds out there. They're called ETFs. Doesn't matter what they're called, but these are funds. They trade on the stock market like any other stock would. You can buy it and sell it on whatever brokerage you want. E Trade, Charles Schwab, Robin Hood, I don't care what you use. Just make sure it's legit. And you can buy shares of the American economy. Now, how do you do that? Now, I'm going to give you some specific examples. I can't tell you what to invest in. Investing has risks. You are never guaranteed to make money when you invest. In fact, you will lose money at some point. So, make sure you always your own due diligence and never blindly trust a random guy on YouTube. But if you went to your stock brokerage today and you bought a share of VTI, you're going to buy a piece of the total United States stock market. There's 2,000 some stocks in the stock market. This one ETF is going to give you exposure to all 2,000 some stocks. Now, if the stock market goes up, you make money. The stock market goes down, you lose money. But you don't actually lose until you sell. And you don't actually make money until you sell. Just keep that in mind. You want to get a little bit more niche, spy, spy. This gives you exposure to the SNP500. That's a group of now the 500 largest companies in the stock market. So now instead of investing in all 2,000 some stocks, you're just going to invest in the top 500. And the nice thing about this is when one of the companies in the S&P 500 start to go down or start to fail, that fund will automatically kick that company out and replace it with another company. We've seen this happen time and time again. Sears was one of the largest companies in the world, not just the United States, in the world. They were part of the S&P 500. Well, when they started to fall, they got kicked out of the S&P 500 and replaced by another company. And the nice thing is when you buy this fund, you don't have to worry about selling a stock or anything because the fund kicks out those companies when they're falling and they'll replace it with another company automatically. So, this is only giving you exposure to those top 500 companies. If you wanted to get even more niche, well, now you can invest in something like QQ QQQ. Q QQQ gives you exposure to the 100 largest companies in the stock market that are not financial. Meaning this is primarily more tech companies. Now, the nice thing about this is when markets go up, this generally goes up even more. But you got to know this, but when markets go down, QQQ generally goes down even more because it's so tech heavy and tech is a lot more volatile. So you got to understand the volatility that if you're not willing to accept markets going up and down and the down that comes with QQQ don't buy it. It is more volatile which is why people end up losing more money with it because they get scared when markets go down. Then if you wanted to get even more niche there ETFs that give you exposure to AI to healthcare to real estate to consumer staples whatever you want. But this is a way for you to start thinking like an investor. Now, if you're like me and you like investing for dividends, which is cash flow, which means you're going to get paid just for owning the stock. You don't have to sell. Well, there are funds that give you exposure to these dividends. Now, what a dividend is, just so we're on the same page, some companies like McDonald's makes billions of dollars of profit at the end of the year. That's billions of dollars of cash sitting in their bank account. And there's three things that they can do with that cash. Number one is they can save that money for an emergency. Number two is they can use that money to reinvest into the business, open more stores, make better hamburgers. Or number three is they can just give it away. And who do they give it away to? They give it away to the shareholders. One way they give it to the shareholders is by literally writing you a check every 3 months. Meaning every quarter they just deposit this money into your brokerage account. That's what a dividend is. Well, you can invest in those dividend paying companies. And again, there are funds out there like SCD. Just one example. By the way, I'm personally invested in SCHD. That is investing in strong companies that also have strong dividends. Now, the nice thing about SCHD is a company has to have paid out a dividend for at least 10 years to qualify to be in the SCHD fund. So, it's investing in those stronger companies. You want to see the company price grow while the dividends are growing as well. Because if the company's growing their profits, not only does the stock like more likely to go up, but they're also more likely to pay out bigger dividends. But here's the mistake that a lot of people miss. They assume now if I'm investing in the economy, the markets are always going to go up. That's not what happens. Markets go down, markets go up. In the last 100 years, we've seen 16 recessions. In the last 100 years, we've seen 25 market crashes, which means we get averaging more than two market crashes per decade. They're going to keep happening in the future. And the mistake that a lot of people make is when markets go down, they stop buying. They start selling. But this is what you need to understand. The way you win if you're investing in these broad basket funds is through a strategy I call a b. Always be buying. may not can set up a system where every week or every two weeks or every month, money leaves your checking account and is automatically invested into your portfolio of funds. The way I do it is I invest every Wednesday. Why Wednesday? There's no secret science just because it's in the middle of the week. Every Wednesday, money's pulled out of my checking account and it's invested into my portfolio of ETFs. And it happens every Wednesday because A stands for always. Happens every Wednesday. When markets are up, I'm buying. When markets are down, I'm buying. When there's a war happening, I'm buying. When there's no war happening, I'm buying. When it's raining, I'm buying. When it's sunny, I'm buying. When there's a Democrat in the White House, I'm buying. When it's a Republican in the White House, I'm buying. Always be buying means always be buying. And then the other thing is when markets do go down, you want to use that as an opportunity to BT D, buy the dip. Buy even more when markets go down because when markets go down, it gives you an opportunity to buy more shares of a good investment at discounted price. This is what I call passive investing. The other way to invest your money in the stock market is what I call active investing. By the way, again, when you sign up for market briefs, you're going to get a full investing master class that will help you understand how to identify investment opportunities that'll go deeper into what I'm talking about here. But as an active investor, which is something I also do, and that's what my firm specializes in, we are studying where money is moving. We are studying where opportunities are changing. We are studying how the economy is changing and when you can identify those things that could create a more unique investment opportunity because now if you say well Jasp it looks like AI is really going to take off in the next 5 years in order to power the AI we're going to need more energy so I think maybe the energy companies that are powering the AI that could be a good investment opportunity that's what an active investor is is now you're not just investing in the broad economy You're investing into the area, maybe even specific stocks where you believe money is moving, more risk for more potential return. Again, not for everybody, but it's something that I like. It's something that my firm spends a lot of time, a lot of money, and a lot of effort doing. We have our own fund that we manage that we do because of this as well, and it's worked out very well for us. But the average person when they do this, we just buy what we see on CNBC or Reddit. And when you do that, you're trading or investing based off of what you see on the news. Well, by the time it's on the news, a lot of the real money has already been made. This is where if you can start investing your time into researching how the economy is changing, you start researching where are people spending their money, where are businesses spending their money, how is the government changing spending. When you can start to identify that, that can create investment opportunities, but it's a little bit more difficult because you don't have all the articles on the news supporting you. You have to dig a little bit deeper and then take a bet based off of what you think is going to happen in the economy in the future and again invest for the long term. More risk for more potential return. But if you see that higher return that can lead to significantly more wealth because now if you can get better returns that means you're going to have more money in your pocket. So when you invest your money what you're doing now is you're working for the profits not the paycheck. How is wealth built in this country? It is built through the profits. Think of any wealthy person in the world. How do they get there? Is through profits. Even if you make a big paycheck, millions of dollars a year. Well, as soon as you stop working, the paycheck stops coming in. If the paycheck stops coming in, the expenses don't go away. You have to find a way to continue living your lifestyle. And that's why the profits are valuable. Because with profits, you keep getting paid when you're not working. With profits, there's no limit to how much you can earn. The wealthiest people in the world are now working for a bigger paycheck. They're working for bigger profits because they want ownership. They don't want the salary. And with the profits, you can also make more money while paying less money in taxes. And it's 100% legal because that's what the tax code says. Well, how do you actually get these profits? Well, you can build a business. Not for everybody, but it's a great opportunity. Some of the wealthiest people in the world got there by building a business and then they own a piece of their business's profits, but takes a lot of work, a lot of risk. Option number two is you work for a company that's giving you profit sharing. You look at some of the big tech companies out there. Well, their early employees all got rich because they were entitled to their company's profits or ownership in the company. Certain companies will give this type of profit sharing to their employees, but a lot of companies don't. And that's where option number three is buy your way into the profits. The way you buy your way to the profits is you want to be investing your money. But the problem is is that the average person is making money. They spend their money and then they have no idea where all their money went. So they have no money to actually buy these profits because we spend our money buying what are called liabilities. You buy a car, you buy clothes, you buy stuff, which is just taking money out of your pocket versus an asset is something you're buying for the purpose of making money. which means you always have to have money to save and invest first before you spend all your money. That's what we talked about with the 751510 plan, which is for every dollar that you earn from here on out, you're going to use your paycheck smartly. You're going to follow something like 751510 with three bank accounts, which says for every dollar that you earn, 75 cents is the maximum you can spend. 15 cents is the minimum you invest, 10 cents is the minimum that you save. Now, you want to save somewhere between 3 to 12 months worth of expenses. That way, you might have money to fall back on in case something bad happens. This 75 cents of every dollar that you earn is what you can spend. This is what you used to live your life off of. And then this is where you become wealthy. Your 15 cents that you're investing is how you become wealthy. The more you invest, the wealthier that you can become. Now, where do you invest your money? There are so many places. Start with one. Now, I'm fortunate today that I'm able to invest in multiple places, but I didn't start like that. I started with one. Then I went to two. Then I went to three. Then I went to four. Then I went to five. But start with one first. If you want to be more entrepreneurial, you want to get more involved, real estate is a great place. You get cash flow, you know, hard asset, and you get some of the biggest and best tax breaks that are tax has to offer. You're not as entrepreneurial. You want it to be something you can do off of a computer that you don't have to actually manage the operations of the company or the business. The stock market is a great place to start. Well, now in the stock market, you have multiple options. You can be a passive investor. Just invest in a piece of the American economy or get cash flow. We talked about how to do that with ABB. Always be buying and BTD, buying the dip when markets go down. Buy more aggressively because that's the time when everybody's selling and freaking out. We're going to create some of the biggest and best buying opportunities for the financially savvy. Then we talked about the active investing side. The active investing side is now, well, I want to get a little bit more involved. I just don't want to invest in the American economy. That's good, but I want to do a little bit better. I want to invest where the money is moving because if I can identify that, I can get better returns. It comes with a little bit more risk, but if I can get better returns, well, now I can double how much wealth I'm going to have. I can double how much money I'm going to have. We're not shooting for 200% returns or 100% returns or even 20% returns. Even if you can just get 13% a year, well, now you can significantly start to earn a lot more wealth over the course of your investing career just because you were able to identify better opportunities by doing more research. But the key for any of this to work is you have to be an owner and you have to start working for profits instead of just the paycheck. It's hard because we're all taught to work for this. This is what's normal. Get a paycheck, have a nice steady income. But all wealthy people want this. They want the profits because that's where the real wealth is built. Again, if you want to stay up to date on what's happening and get my investing master class, I have the link for you down in the description. And if you got value out of this video, the best thank you was a referral. So, if you could please share this video with a friend, family member, colleague, or fellow investor. That way, we can continue to spread this type of financial education. Thank you. The housing market is going through a shift right now. And it's not just because home prices are higher or mortgage rates are higher, but because Wall Street is in trouble and they might be forced to sell their houses. The nation's largest single family landlord, Invitation Homes, is going to go from a net buyer of houses to a net seller of houses in 2026. as