0:01 is not the hard work. It's the methodology you put in place. But you see, the making of the money is like collecting waters from various places. [music] What do you do with the water? You see, money should be given shoes to go work. If you don't drop for your finance, [music] you'll not be able to create wealth. The theme of this class is what we're looking at, how to make, manage, and multiply your money. Hi, I'm Matthew Ashimolowo. Welcome to the Wealth Masterclass where we teach you to make, manage, and multiply money. Today we have an exciting topic. Matter of fact, the one-liner, the theme of
0:50 this class is what we're looking at, how to make, manage, and multiply your money. You see, building sustainable wealth requires is a three-phase approach to making, managing, and multiplying money. If you don't have this approach, you might just find that things are modeled and you cannot quite say if you are increasing your wealth. So, let's look at a comprehensive roadmap which focuses on maximizing your earning potential, optimizing your cash flow, and leveraging compound interest so that you can achieve your long-term financial
1:36 independence. Having said that, we break it into three. Phase one will be the making of the money or the foundations of income. So, if you're really going to make money, if you've been following the Wealth Masterclass, you will know that we said you need to raise your value. You see, strength and are not the same thing. If you raise your value and find a high value skills job, or a high value business, which means you develop a specialized technical [clears throat] expertise, whatever it is, uh internet expert,
2:21 uh expert in security, whatever it is, the value determines the income. The man who drills the road to break concrete is working very hard. But the man who is your lawyer, who hears your case and represents you in court, seems like he only stands to talk, but he is paid because the value you put to legal action is different from the man who breaks the soil. They monetize your expertise. In other words, not only should you be a person who finds high value skill, then your expertise should become streams.
3:07 So you are not waiting on only one income. You create various streams of expertise. You are a lawyer, but you are also a man who can do marriage counseling. You are also a person who can run on the internet 5 10 minutes on how to handle this legal matter, how to handle that legal matter. And people begin to watch. You negotiated a higher baseline salary where you worked. So here you are. You are a lawyer. You're probably not just a not yet a partner where you work, but you negotiated for a higher salary. Then you monetize your various skills as a lawyer. Then you are able to share some digital
3:52 information. Beyond that, you then launched some freelance side gigs. People come to you. You are able to teach. You are able talk to them. Or you probably even had the opportunity to go speak in a university to legal students and they pay you for that service 1 hour a month. You see, you've created multiple streams. Career leverage is also part of the making of the money. So you are making the money. But you see the making of the money is like collecting waters from various places. What do you do with the water? We go to the second phase, which is managing what comes into your hand. This is where many people
4:38 get wealth creation wrong. It's probably not difficult for money to come into your hand, but if you don't know how to manage it, it seems like you have nothing. So how do you manage what comes into your hand? You must see money as a defense and that's an instrument of preservation. So one, pay yourself first. If you've been following on this teaching, we said to pay yourself first means before the rent, before the bills. First of all, think of your investments, your savings, automate a monthly saving contribution. Number two, track your expenses,
5:24 audit your monthly cash outflows so that anything that's unnecessary has been cut off. And we're not talking about you stopping that latte or that coffee you drink and saving £5. No. It is actually watching your cash flow. Then have a zero-based budgeting, assigning every single dollar to go work for you. You see, money should be given shoes to go work. You've worked for the money to come. You should now make the money go and work. Then eliminate toxic debt. What we mean by toxic debt? Any debt that is not increasing your
6:11 value. Which debt can increase its value? If you borrow to buy a house, the equity growth of that house makes that kind of debt to be good debt because yes, you borrowed £70,000 to buy this one-bedroom apartment. But in 10 years time, the one-bedroom apartment will be worth £200,000. So good debt. But bad debt is when you borrowed for furnitures, clothing to look nice, but it's a liability. Then have emergency reserve. In other words, say six months of living
6:58 costs. You're working, money is coming in. You've already targeted the one that goes into investment and savings. Let there be in a savings account money that can handle six months. God forbid you lost your job, you lost your source of income, you should be able to survive for six months without having to go look to anyone to help you. Then control your lifestyle. Lifestyle inflation control can help [clears throat] you because it will keep your expenses flat as your income rises. Then create a financial boundary. Draw lines, protect your asset from
7:45 emotional spending. When I was a little kid, I went to a primary school that so many kids in Africa. We only had two football pitches and there were so many boys who wanted to play football. So sometimes on the golf course next door, we created our own football pitches, but there were no clear lines drawn, so we don't know when the ball was out or when the ball was in. We didn't have good goal posts. I used to be a goalkeeper. I will jump as fast as I can and say I've jumped. You see, because there were no boundaries, we didn't know when we were out or in. If you don't draw boundaries for your finance, you will not be able to create wealth.
8:32 Now let's go to the third part. So you've made the money, you've been managing it by the things we shared with you. Now let's look at the multiplying of the money or rather wealth acceleration. This is where many people become rich and wealthy and the average poor or middle class person wonder, how come the rich are becoming richer? What are they doing that I'm not doing? I'm working so hard. Now we've shown you it's not the hard work, it's the methodology you put in place. What does this mean? For example, in America or in the United Kingdom,
9:17 if you took $500 and put in a low index fund and they helped you to invest it every month you're just putting $500 and they help you to invest it in S&P 500. That actually means Standards and Poor 500. What does that mean? The 500 are the 500 best performing companies in America. So technically with your $500 every month, you are one of the owners of Tesla, Microsoft and other 500 best performing. As they increase in value, interest is coming on your $500 every month, every month,
10:03 every [clears throat] month. That's how the wealthy really create wealth that lasts in families. Then you look for a money cost averaging. In the other words, invest fixed amounts consistently, like I just described. Fixed consistently. Consistently. One time I did it for five years and then I stopped and didn't put any more for about 18 years. You see the £500 I put every month making £6,000 every year for five years and didn't go on for another 18 years. At the end, by the time they came back to to me, my total £30,000 had become
10:52 £186,000. Ouch, ouch. I wish I had continued five years plus 18 assets. Buy stocks and shares. Buy bonds, government bonds. Put some money in real estate, bonds, stocks, and shares. If you don't understand stock stocks and shares, for example, if you live in the United Kingdom, automate it. Do not change your lifestyle for a good while because money increased. In fact, I have a policy for myself and I like to tell you, never buy anything until you have capacity to buy it 10 times.
11:38 In other words, don't struggle. I need to buy myself an iPhone XYZ, an iPhone 17, and you are starving to buy an iPhone when it is not going to increase your value. Then look into real estate equity. You see, on the Wealth Masterclass, we teach a lot challenging people to own real estate. You want to know why? Now [clears throat] it may sound so far away, but remember, we're talking wealth creation not just for yourself, but also for your children and for your grandchildren so that when you wealth, it becomes generational. And, finally, always remember the compound interest leverage. Always try to scale your portfolio. Do
12:26 not draw anything. Let it continue to compound. Your land compounds in value. Your money compounds in value. Your property compounds in value for years to come. Let the days, the weeks, the months, the years help your money to compound. That way, you make money, you manage money, and you multiply it. If this teaching has benefited you, check out for our other videos and make sure you like, subscribe, tell somebody about the wealth master class. And you can connect with me actually in a class where I teach for a longer period. God bless you.
