KEY TO FINANCIAL FREEDOM By Kulin & Mina Desai

Summary

Mr. Colleen Desai, a successful business owner, discusses financial freedom, emphasizing money, time, and security. He highlights the need for money to afford desired lifestyle choices and stresses the importance of having time to enjoy one's earnings. Desai introduces the concept of 'private franchising' as a path to financial independence, illustrating how leveraging time through duplication can lead to multiple income streams without the constraints of traditional employment.

Takeaways

• 🎓 Colleen Desai has a B.Pharm degree and MBA degrees in Marketing and Finance, with professional experience at Citibank USA and as a successful independent business owner.
• 💰 The concept of financial freedom is introduced, emphasizing the importance of having enough money to make choices freely, not just to afford necessities.
• 🚗 Desai uses the example of car preferences to illustrate the financial constraints people face and how wealth would influence those choices.
• 🏠 The script discusses the idea that many people do not live in their dream homes due to financial limitations, suggesting that achieving financial freedom would enable living in a home of one's choice.
• 👗 It highlights how financial limitations affect smaller decisions, like choosing between a liked and an affordable dress, to illustrate the impact of money on daily life.
• 🍽 The script uses the restaurant scenario to point out how people's choices are influenced by their financial situation, indicating the need for financial freedom.
• ⏰ Time is highlighted as a critical factor in financial freedom, with the suggestion that one should have enough time to enjoy the fruits of their labor.
• 🔄 Desai shares his personal experience with the work-life balance, emphasizing that financial freedom is not just about money but also about having the time to enjoy life.
• 🔐 The script introduces the concept of income security as a component of financial freedom, suggesting that one's income should not solely depend on their own labor.
• 🌐 Desai explains that diversification and duplication of income sources can lead to financial freedom, using the franchise model as an example of how to multiply one's income potential.
• 🔑 The importance of leveraging time and money through duplication and diversification is emphasized as a strategy to achieve financial freedom without the need for significant capital investment.
• 📈 The script concludes by encouraging listeners to consider their current financial situation and whether they need to change their approach to achieve financial freedom.

Q & A

What educational background does Mr. Colleen Desai have?

Mr. Colleen Desai has a B Pharm degree from L.M. College of Pharmacy in Amdabot and MBA degrees in marketing and finance from Long Island University in New York.

What was Mr. Desai's role at Citibank USA?

Mr. Desai worked at Citibank USA as a Vice President in charge of the computer department.

What is the definition of financial freedom according to Mr. Desai?

Financial freedom, as defined by Mr. Desai, is having enough money to meet one's needs and desires without being constrained by financial limitations.

How does Mr. Desai suggest determining if you have enough money?

Mr. Desai suggests evaluating if you can afford the things you desire, such as the type of car you drive or the house you live in, to determine if you have enough money.

What is the importance of time in achieving financial freedom as explained by Mr. Desai?

Mr. Desai emphasizes that having time to enjoy the money one makes is crucial for financial freedom. If one is constantly working without time to enjoy life, they haven't achieved true financial freedom.

What is the difference between job security and income security as discussed by Mr. Desai?

Job security refers to the stability of one's job, whereas income security refers to the ability to continue earning income without being solely dependent on one's own labor or a single job.

How does Mr. Desai relate the story of Sam Walton to financial freedom?

Mr. Desai uses the story of Sam Walton, who drove a pickup truck not because he couldn't afford a luxury car but because he preferred it, to illustrate that financial freedom is about having the choice to do what you want with your money.

What does Mr. Desai suggest as a way to achieve income security?

Mr. Desai suggests achieving income security through diversification or duplication, meaning having multiple sources of income that do not rely solely on one's own time and effort.

What is the concept of 'private franchising' mentioned by Mr. Desai?

The concept of 'private franchising' is a business model where individuals can leverage the success of others by duplicating and diversifying their income streams without the need for significant capital investment.

How does Mr. Desai link the idea of 'leverage' with financial freedom?

Mr. Desai links 'leverage' with financial freedom by explaining that leveraging one's time or money through business models like private franchising can lead to increased income without being limited by the number of hours in a day.

What are the three qualities Mr. Desai believes are necessary for someone to be ambitious and achieve financial freedom?

The three qualities Mr. Desai believes are necessary for ambition and financial freedom are recognizing one's needs, being willing to listen and learn, and being open to making changes.

Outlines

00:00

💼 Introduction to Mr. Colleen Desai and Financial Freedom

Mr. Colleen Desai is introduced as a successful entrepreneur with a background in pharmacy and business administration. He discusses the concept of financial freedom, emphasizing the need for money to achieve it. He uses examples such as car ownership and housing to illustrate the point that many people's choices are limited by financial constraints. He also touches on the importance of having the time to enjoy one's money, suggesting that financial freedom involves both adequate money and time.

05:00

🕒 The Importance of Time and Work-Life Balance

Mr. Desai shares his personal experience working in a bank, where he had to sacrifice time with his family to earn money. He reflects on the irony of working to provide for one's family but in the process losing time with them. He introduces the idea that financial freedom is not just about money but also about having the time to enjoy the fruits of one's labor. He also discusses the concept of income security, which is different from job security, and how losing one's ability to work can result in a loss of income.

10:02

💹 Creating Income Security Through Diversification

The speaker explains that income security comes from not relying solely on one's own labor for income. He suggests that diversifying income sources can provide security. He contrasts the traditional job model, where time is directly traded for money, with business models that allow for the multiplication of working hours through hiring others or franchising. He argues that the limitation of earning potential in a job is time, and to increase income, one must find ways to multiply the effective working hours.

15:04

🚀 Leveraging Time and Capital for Wealth Creation

Mr. Desai discusses the concept of wealth creation and how most people are limited by the amount of time they have to work. He suggests that to increase income, one must either increase the hourly wage or the number of hours worked. He then introduces the idea of franchising as a model that can multiply working hours without requiring additional capital. He explains how a franchisor like Ray Kroc of McDonald's can leverage the work of many franchisees to create significant income.

20:04

🌟 The Private Franchise Model and Its Benefits

The speaker introduces the concept of private franchising as a way to achieve financial freedom without the need for significant capital investment. He suggests that this model allows individuals to become franchisors themselves, thereby duplicating successful business models and increasing their income without directly working for it. He emphasizes that this model can provide the financial freedom that includes money, time, and security.

25:05

🚗 Choosing the Right Vehicle for Financial Freedom

In the final paragraph, Mr. Desai uses the analogy of choosing the right vehicle for one's destination to emphasize the importance of selecting the right path to achieve financial freedom. He challenges the audience to evaluate whether their current jobs or businesses are the right vehicles to reach their financial goals. He encourages those who are not satisfied with their current situation to seek out new opportunities, like private franchising, to achieve their desired destination of financial freedom.

🔄 Embracing Change for Financial Independence

Mr. Desai concludes by stressing the necessity of change to achieve financial freedom. He argues that without change, one is likely to remain in a state of poverty. He encourages the audience to leverage their time through the concept of duplication and to embrace the private franchising model as a way to achieve financial independence. He ends with an invitation for the audience to join him and learn more about this concept.

Keywords

💡Financial Freedom

Financial freedom refers to the state where one has sufficient personal wealth to live without having to work actively for basic necessities. In the video, Mr. Desai emphasizes financial freedom as the main goal, illustrating it through the idea of not being constrained by money when making choices, such as buying a car or a house. He uses examples like driving a Mercedes or living in a dream house to explain the concept.

💡Income Security

Income security is the confidence that one's income will remain stable and sufficient over time, regardless of unexpected life events. Mr. Desai discusses income security as a key component of financial freedom, contrasting it with job security. He shares a personal story about his father's death and the subsequent loss of financial stability to highlight its importance.

💡Duplication

Duplication, in the context of the video, refers to the business strategy of replicating a successful business model to increase income without directly working more hours. Mr. Desai explains that duplication can lead to financial freedom by multiplying the number of 'hours' one has in business without the need for additional personal time investment.

💡Diversification

Diversification is the strategy of spreading investments across various financial instruments, industries, or sources of income to reduce risk. In the video, diversification is mentioned as a means to achieve income security by not relying on a single source of income, which can be lost due to various unforeseen circumstances.

💡Private Franchise

Private franchise is a business model discussed in the video where individuals can act as franchisors, teaching others to establish their businesses and then duplicating that model. This concept is presented as a pathway to financial freedom by leveraging the efforts of others to increase one's income without direct investment in each new venture.

💡Time Leverage

Time leverage is the idea of increasing productivity or income by using time more effectively, often through delegation or automation. Mr. Desai suggests that leveraging time is crucial for achieving financial freedom, as everyone has the same 24 hours in a day, and success comes from how effectively one can use this time to generate income.

💡Wealth Creation

Wealth creation is the process of generating new wealth, often through investment, business, or other financial strategies. In the video, wealth creation is tied to the concept of converting time into money, with the suggestion that traditional employment limits the potential for wealth creation due to time constraints.

💡Ambition

Ambition, in this context, refers to a strong desire to achieve financial goals and be successful. Mr. Desai talks about ambition as a necessary trait for those seeking financial freedom, as it drives individuals to seek out opportunities, listen to advice, and make changes to improve their financial situation.

💡Teachable

Being teachable means having an openness to learning from others, especially those who have achieved what you aspire to. In the video, Mr. Desai emphasizes the importance of being teachable to achieve financial freedom, as it involves learning new strategies and being willing to adapt one's approach to wealth accumulation.

💡Change

Change, in the video, refers to the willingness to adapt one's lifestyle, habits, or career to achieve different outcomes, particularly in the pursuit of financial freedom. Mr. Desai discusses change as a critical step in the journey towards financial independence, as it often requires stepping out of one's comfort zone and trying new methods.

Highlights

Introduction of Mr. Colleen Desai, a successful business owner with a background in pharmacy and MBA in marketing and finance.

Definition of financial freedom and its importance in life.

The necessity of having money to achieve financial freedom.

The correlation between financial freedom and the ability to afford desired material possessions like cars.

The example of Sam Walton's choice of driving a pickup truck despite his wealth, illustrating personal preferences over financial capabilities.

The importance of owning the car you like versus what you can afford as an indicator of financial freedom.

The concept of living in a house of your choice as a measure of financial freedom.

The role of financial freedom in the ability to travel to desired locations.

The impact of money on everyday decisions, such as choosing between two dresses.

The metaphor of reading a restaurant menu to determine financial status.

The balance between earning money and having time to enjoy it.

Mr. Desai's personal experience of working long hours and missing out on family time.

The realization that working for someone else may not lead to financial freedom.

The concept of income security as a component of financial freedom.

The idea that financial freedom is not just about money, but also about time and security.

The importance of diversifying income sources for financial freedom.

The concept of duplicating or diversifying income through business ownership.

The role of time as money and how to increase the effective hours in a day to make more money.

The concept of franchising as a way to multiply effective working hours without additional investment.

The opportunity of private franchising as a path to financial freedom.

The need for financial freedom and the willingness to listen to and implement new ideas.

The importance of change and adapting to achieve financial freedom.

The concept of leveraging time as a means to achieve financial freedom.

The final call to action to learn more about private franchising and take steps towards financial freedom.

Transcripts

it is my pleasure to introduce mr

colleen desai

mr desai has a b farm degree

from lm college of pharmacy in amdabot

he has also received mba degrees in

marketing and finance from long island

university in new york mr desai has

worked in citibank usa as a vice

president in charge of computer

department before starting his own

independent international business

currently mr desai is a very successful

independent business owner and who's who

in the private franchise business

so please help me welcome mr colleen

desai

[Applause]

[Music]

what i'm going to talk to you today

is

how to achieve called financial freedom

i'm going to give you a key to a

financial freedom

okay now what is financial freedom

number one

because most people have no clue

okay

and i had no clue even though i'm a

finance major

okay

and

so let me define that for you what's

financial freedom is all about okay

number one would you agree that you must

have at least some money

right how many of you believe you need

some money

right

now my question to you

is are you making all the money that you

need

that is a question right

now sometimes very hard question you if

you're not sure let me give you some of

the clue

let's say for example car

number one do you have a car right

and if you do then what kind

do you have the car you like or do you

have the car you can afford

see that's a question if you if money

was no challenge would you drive

mercedes

right would you buy bmw

right all those kind of cars right why

not the only only reason you don't have

that car is because you don't have that

money

right so that tells you you need money

now you don't have to be in cars

because i i can tell you a story about

late sam walton you know owner of

walmart and sam's clubs and you know

he's a big tycoon in the states back

then he used to drive what we call

pickup truck

which is the cheapest vehicle you can

buy actually okay and that's only when

he drove why because he he liked driving

that pickup truck

now he could have driven any car he

wanted he had that money but he drove

because he liked that car now i want to

ask you a question and be honest about

that that the car you driving is because

you like it or that's only one you can

afford

now car is a big thing second thing we

can talk about is a house

are you living in the house of your

choice

right probably no right

why

again money

if money was no object can you picture

yourself living in a house you really

like

right

now some of you may not be in a house

say i don't care because i love

traveling so you know i really don't

care about house because i'm always out

and now if that's the case are you

traveling to the places you really like

see these are the questions will tell

you do you really have enough money or

not but these are the big things let me

tell the small things which can tell you

let's say for ladies um for example you

went out to buy some

dress let me tell you exactly what

happened

you saw two dress

one you liked and one you came home with

right you know what i mean

right

because those things stops you from

money is a object here which stops you

from getting what you want okay

even simpler thing that that you know

when you go to restaurant

that's the ultimate taste whether you

need money or not okay when you go to

restaurant how do you read the menu

left to right or right to left

that tells you whether you need money or

not

okay so again that's the question do you

really need money now a lot of people

would go out and tell you that oh you

know all you guys talk about is money

money money you know money is not

everything you know and um

they are pretty pretty much right in

that case you know uh there are bigger

things in your life than money you know

a lot of people say there's so many

bigger things in your life than money

and they are right you know what we call

them bills

bills are bigger than the money you have

right

so again that's a question now the

second element to financial freedom

is that you should have a time to enjoy

the money you make

otherwise what good is the money if you

don't have time to enjoy it

okay see if you are let me tell you if

you are putting too much time

to earn the money that means you have

less time to enjoy the life would you

agree right

or if you have too much time to enjoy

for yourself you don't have too much

money

right so you you need a balance

you know one without other has no value

okay i'll tell you my um

you know personal um experience in this

field you know when i used to work in a

bank

i used to wake up five o'clock in the

morning to go to work

and i'll be lucky if i come home by nine

or ten

is that anybody here feel the same way

and i'm sure so many few are in that

field okay

when i'm going to work in the morning

children's are sleeping when i come home

they are sleeping

okay i don't even get to see them

during the whole week

so i used to tell my wife mina that you

know make sure they see my picture you

know

otherwise on sunday they might call me

uncle you know

so

i was asking myself what am i doing

what am i doing

that you know i'm making see the thing

was and i'm sure most of you probably

gonna start thinking about this thing uh

if you are listening to this one ask

yourself

and think about this thing you know i

said you know what i was doing was my

family right i was going to work

for my family right that's why most of

you do that right

you going out to work to earn the money

because you want to take care of family

you want to give the finest thing to

your family you want to make sure your

family is ok your children have the

things they want they can get a better

education all of those things we want

them

good things for our family right and

that's the reason we go out to work but

the same thing

was keeping me away from my family

and i said this is something wrong here

okay so my my thing here is that

the financial freedom does not only

include money money alone will not make

you free

see some of you

own business of your own

i have a question for you no

do you own the business or business owns

you

that's a question

okay i have some friends who owns

business i have a friend of mine

who has a business in state and they had

a wedding of their son but their

business is such that either husband or

wife can attend would you believe that

and that's what they had to do the

mother could not come to the wedding of

their own son

because of that business okay because

if you are that's nothing but a slavery

to me

okay

and that's what had happened to me when

i went to united states you know i

became slave of a dollar bill

over there and

i had to go and work and there was no

option to it

and the third element to financial

freedom

is security

now i'm not talking about job security

or business security because that's not

important

because if you lose one job you can

always find another one

okay you may take a couple of days

couple of months you may have to move to

another place but you can always find

something else

but what i'm talking about is something

called income security

which is quite different than job

security okay

see the income security lies in you

specifically your ability to produce

the day you lose your ability to produce

what's your income

zero let's say if you are a number one

surgeon

you lose your arm now what's your income

you know you know everything about

surgery but you cannot perform well

you lost your ability to perform i'll

tell you my father passed away when i

was five years old

he was a government officer here and

everything was given by government we

had servants and house and you name it

but the day he was gone everything went

with him

okay

he had a heart attack and all of a

sudden without any prior notice he was

just gone

and next day we were poor and those of

you ever heard my story you know that

you know i grew up my entire childhood

in poverty

okay

and

so

the reason was because my father had no

income security

now income security can only only one

way to establish income security is when

your income does not depend on you

if you are the hundred percent

responsible for your income you have

absorbed zero security

now this was just you know my father

case was you know

um

god's hand nothing you can do about but

there are you could be alive and lose

your uh income security your ability to

produce income

for example how many of you are in uh it

profession right now right

um one new language comes from new

technology comes what happens to your

ability to perform

you have to retrain yourself and if you

don't retrain yourself you lost your

ability to perform

sometime whole industry can go away

you look at in a

automobile you know there's something

called carburetor

okay carburetor is being replaced with

something called fuel injection

right as soon as the fuel injection

technology come everyone who was

associated with carburetor

they lost their ability to perform

okay so

you without any of your fault you can

lose it

sometime new invention can do that okay

there is a

story about federal express

federal express was invented based on

only one

service to deliver overnight letters

just about after federal express was

getting in a business pretty good

there's a new thing got invented it's

called fax machine

now as soon as the fax machine was

invented how many people need overnight

letter delivery anymore

right all of a sudden they lost their

business

they had to re-group themselves and come

up with a parcel service actually

so what i'm saying is that you could be

doing great right now

but right now somebody somewhere

inventing something you have no idea can

take away your job without any of your

doing

so as long as your income depends on you

you have absolutely zero security

and i'm going to show you exactly how to

accomplish this

how do you get

income security

that is done through concept called

duplication

or something called diversification

you have to diversify your income

through various different sources

in other words you should have a

multiple sources of income

now in order to do that

before we understand that let me explain

you

how the wealth is created okay how many

of you heard that time is money

right because only way to make money is

time you take time convert into money

okay a job

at service what we do

we take our time and trade it for the

money right you work eight hours you get

eight hours equivalent money if you work

10 hours you get 10 hours equivalent

money if you work 12 hours you get 12

hour second night the more you work more

money you make right reason being see

there's only two things if this is the

case

this is only two solution either

you you have more money per hour

or you have more hours in a day and

that's only two so options you have

right

because once you

every profession you have a maximum

amount of money you can make

you are an accountant you are an

engineer you are a doctor you are

whatever your profession is you know

what the maximum income can you produce

per one hour

you can get more education that's what i

did after pharmacy got an mba degrees

and this and all that did was increase

my hourly rate

but it did not increase number of hours

i had in a day

now

if i don't know how many of you agree

with me or not but do you know that

every 10 years on just about average

prices doubles would you agree

you look at prices on anything

okay just about every 10 years prices

doubles but does income double every 10

year

no now what do we do then

you increase number of hours in a day

right let's say you need about two

double your income you instead of

working eight hours a day you start

working 16 can you do that

sure do you know some people doing it

sure now you need to make three times of

that money now what do you do add

another eight hours right yeah you can

do that it's 24 hours in a day who said

you need to eat and sleep and all those

nice stuff right

right you still you know it's not

practical but it's probable

if you want to really need to you can

work 24 hours right

but now if i want to increase another

one more time what i do can i add

another eight now

i ran out of time

right but if you are intelligent like i

am you know what i did i got married

another 24 hours

you know what i mean

right

but legally i couldn't do that one too

many times

right

so the question here is

what do i do then

so the problem is time

the limitation you have is the time

so what you need to learn to increase

number of hours in a day and that's why

people do business

at business what do you do

you can you can employ some people for

you right so you can increase as many

hours as you want right look at company

like coca-cola or atnt or ibm why do

they have more income because there's

more number of hours in a day because

that's actually a diversification

right but you and me as an average

person do you what are your chances you

can increase number of hours especially

if you are working for somebody your

chance are zero

the maximum you can do is 24 hours

if you have a business you can do it but

it will require what

capital you need money so money becomes

your limiting factor

so that's why there's not too many

people out there are wealthy because

they're not because they don't have

talent

see education and income has absolutely

nothing to do with it

as long as you using your education to

work for somebody else you will never be

financially free

now we know this thing so what are the

ways to do the next business concept

which came about which can accomplish

this

which can increase number of hours in

your business without putting any money

was a concept called franchise

in franchise concept what happens

someone we call franchisor which like

for example mcdonald for example you

know ray kroc is a franchisor and then

you are the one who you you buy

franchise you are called franchisee

and as a franchisee you invest the money

right and then you give percentage of

income go to franchisor

so if ray rayquak has a ten thousand

mcdonald's and everyone's giving

he get ten thousands

he's getting ten percent from every

mcdonald

that means he's making that much of more

money why because he has that many

number of hours if every mcdonald opens

10 hours in that 10 000 mcdonald you got

100 000 hours going into his business

and since you have more business going

into your business you obviously make

more money because remember time is

money

but here the advantage is he didn't have

to pay for this time

[Music]

if you had a traditional business you

will paying for that time if mcdonald

was not a franchise operation he could

have still have ten thousand mcdonald

but he had to invent you invest money in

every one of those mcdonald's and you

have to hire somebody to work at every

mcdonald's and here to pay every one of

them for their work

so that is the difference now the

opportunity which we gonna talk to you

about okay the person who has given you

this tape i want you to get in contact

with this person and ask this person to

explain to you

this concept

called private franchise

in that we have eliminated some

franchisee

everyone is franchisor that means you

could be in the same seat as raymond

clark of mcdonald

that means you in turn learn from

someone to how to establish your

business and in turn you can duplicate

that business as many times as you want

in this way you'll be able to increase

number of hours in your day

let's say if you have 100 businesses set

up and every business just does one hour

worth of business you'll have 100 hours

in your business where you don't have to

pay for any one of this business

and that is the concept right now

fastest growing concept in the world

and you need to find out

how does this business work

now the question here is

you know this opportunity exists

but number one my question to you is do

you have a need

for financial freedom

because you know as i always say if

you're not hungry

does it matter how good is my food

now you won't even try it because you're

not hungry but if you are hungry you'll

try my food now it may happen that you

may not like my food and that's okay

nothing wrong with it

same way

if you are interested in this one you

need to come and check this thing out

but provided you have a need for money

you have a need for time

i know some of you listening to this one

probably have

more money than

anyone i know of but my question to you

do you have time to enjoy that money

and but the third question is if you are

not around let's say you x yourself out

of your income producing machine what's

your income

okay if let's say if you don't produce

any income for next five years

would you still own the same house would

you still own the same car

for that would you still have same wife

for that matter

okay

that means you don't have a security

okay and if that's the case what are you

doing about it

do you have any other option

see what i'm looking for here is

that if you have a need then the next

thing i'm looking for is are you willing

to listen

because i'm sure every one of you out

there knows somebody who knows

everything do you know somebody like

that

i have a friend

he knows the answer before even i asked

the question

now if somebody knows everything what

can you teach that person

nothing

no i hope you are not that kind of

person

otherwise you obviously you know

everything i know and obviously

you're not going to do anything about it

obviously you're not where you want in

your life

but that's okay because you know

everything but most

majority of people are not like that

most average people are intelligent okay

most people intelligent people know

that something you don't know you don't

know

but there are people out there who are

not so called intelligent nothing we can

do about it okay but

on average people who are ambitious

they have this quality

ambitious people

know

there's a 80 20 rule out there i know

how many of you know that or not

80 percent of the people

are not making in a life

20 people has 80 of the wealth

not fair but that's what it is reason

being these are the three qualities

ambitious people have

now if you have these three qualities

that means you are unambitious i don't

know whether somebody told you before or

not

number one you know your needs you know

exactly what i need you'll be honest

about it you won't just make things that

i don't like cars and i don't like

houses these are nothing but you know

people say oh we should feel comfortable

in whatever income we make whatever god

wants that's okay

this is nothing but

not facing the challenge

and that's the easy way out and 80

percent of the people go through life

with all their dreams along with him the

last day they go along with their life

don't be one of them

just face the challenge and say do you

know i do need money i don't have an

option right now but i do need it

okay

second quality they have is they are

willing to listen to somebody who can

help

them achieve what they're trying to

achieve

they are willing to listen they are

teachable

and the third quality they have is they

are willing to make some change

because obviously you know if you

don't have financial freedom at this

point you don't have enough money you

don't have enough time you don't have

enough security

that means

if you continue to do the same thing

what are your chances you're going to

have something different

none

see somewhere i read the definition of

insanity it says

doing the same thing and expecting

different result

it's just impossible

that means you're going to have to

change and that's the last part of this

three cry criteria i described for

ambitious person is where most people

lose

because they're not willing to change

because change obviously is difficult

people because this is unknown fear of

unknown involved that's why people don't

like to change and that's why they would

rather suffer

than change but ambitious people are

willing to change and let me tell you

why you need to just just say

hypothetically let's say money was no

problem right now

would you enjoy car like mercedes

right how many of you here would love to

drive mercedes

right

do i have somebody likes a bmw

i'm a bmw kind of person you know come

um currently i have a bmw 740 il what i

drive okay it's the best car i'll tell

you you know it's just a great car even

if you go into pothole you won't even

notice it

okay and it's a very

safe car the reason i drive bmw is not

because the luxury i drive because of

safety

because it's a pure steel

if you get an accident i hope it never

happened but if you are in mercedes or

bmw you're going to be safe

now i would rather put my family into

safeguards and save money here and there

okay

and that's what the what the concepts

all about

now in order to make the

now mercedes is a great car

now let's take another scenario let's

say if you have to go on a vacation

would you would you like to go to europe

for example go to you know england and

france and nice countries sure my

question to you

is can you go to european mercedes

answer is obviously no because the wrong

vehicle for the destination you want

right now let's say your destination in

your life is financial freedom let's say

next two to five years you want to

accomplish financial freedom whatever

you currently doing your your profession

your career your job your business

that's your wake up

now i want you to honestly ask yourself

a question is do i have a right vehicle

for the place i am trying to go

and obviously answer is no

and if answer is no you have two choice

either you can

say this says g no mercedes cannot take

me to the europe so

let me go to the place where mercedes

can take me

right most people give up on destination

they'll never

give up they'll never think about

changing vehicle because they don't have

option

okay

so the

key here is that if you really want to

go to europe

then you know you need to change

mercedes it's not a question it's not

whether mercedes is a good car or not

bmw is a good car or not that you're

professional we're not questioning

whether you have a good job or not

whether you're a good business or not

question is is that business or that

job you have is that gonna help you

accomplish financial freedom if that's

what you want

that is the question

okay

now if that's a question

and you are sure that you you definitely

like to reach that destination

then your option is only one and that's

to find a new vehicle and that's exactly

what we are offering to you okay but

it's for you to take a next step now

what you need to do is

get in contact with the person who has

given you this type

and

ask that person to explain to you

the concept called private franchising

and through that have you accomplished

this financial freedom which means you

have plenty of money to do just about

everything you like to do you have

plenty of time to enjoy the money you

make and you have absolute financial

freedom

but here that as i said

do you have a need for this thing

are you willing to listen to somebody

who is willing to help you accomplish

that thing and the last thing is are you

willing to make that change because it

does require

change

only one thing constant in your life let

me tell you is called change

okay if you don't like change say hello

to poverty

because that's the only way it's going

to happen okay

now my mother the last in closing what i

would like to tell you

is the way where this private

franchising concept would work is

applies this principle called leveraging

archimedes said that you know if you

give me a big enough liver i'll leave

the entire world

same way

what i'm talking about most people use

called ink money leveraging you invest

money that's what most people do because

you're leveraging your money but most

people don't have money to level just

like archimedes didn't have a big

deliver otherwise you would have lifted

the world same way if you had a lot of

money obviously you would have leveraged

it so the only thing left is money

after money only thing left is time

so what we're going to teach you is how

to leverage your time because again time

and money is same thing if you have a

time obviously you have money

because only way you have money is

having time

so we are one step ahead and then if you

have a lot of money you can obviously do

leveraging of money also that's what

currently i do because i make a lot of

money so what i do i also leverage money

now

okay so you you'll be able to do both in

that case okay but the trick is you must

know how to leverage your time and only

with that done through this concept

called duplication okay now one thing

i'll tell you this that after

listening to this talk you'll never be

able to tell somebody that i never knew

how to be financially free

so now your next step and come and join

us god bless you and we

looking forward to see you around

[Applause]

[Music]

you