The REAL Solution to Your Financial Problems! (No Matter Who You Are)

Summary

Joshua Marine emphasizes that challenges are intrinsic to making life interesting and meaningful. He argues that personal finance is 80% behavior and 20% knowledge, asserting that systemic racism is real but not a barrier to wealth creation, as evidenced by successful minorities. Marine encourages overcoming obstacles through personal responsibility and behavior changes, rather than relying on government programs. He shares his own experience of financial loss and recovery, advocating for learning from mistakes and adopting principles like getting out of debt and working hard to achieve abundance.

Takeaways

• 🤔 Challenges make life interesting and overcoming them gives life meaning.
• 🧠 Personal finance is 80% behavior and 20% head knowledge, emphasizing the importance of actions over knowledge.
• 🌐 Systemic racism is real but it does not prevent minorities from becoming wealthy, as evidenced by many successful individuals from humble beginnings.
• 🚫 Extra hurdles exist for some, but the choice is to overcome them rather than to blame systemic issues for failure.
• 🛤️ People's paths to wealth vary greatly, influenced by upbringing, education, and geographical location, but success is possible regardless of these factors.
• 🙅‍♂️ Government programs are not the key to wealth or success; individuals must take personal responsibility for their financial well-being.
• 💼 Success is a result of personal behaviors and character, not waiting for external fixes or handouts.
• 🚫 It's not about blaming external factors for lack of success; it's about taking responsibility and learning from setbacks.
• 📚 Studying the habits of successful people and understanding the principles of wealth creation is crucial for financial success.
• 💡 The speaker's personal experience with financial loss and recovery highlights the importance of self-reliance and learning from mistakes.
• 🏔️ Everyone faces obstacles, but it's essential to identify and overcome personal beliefs that may be holding one back.
• 🔨 Embrace the truth, let go of lies, and adopt behaviors that lead to success, as no one is coming to the rescue—self-empowerment is key.

Q & A

What does Joshua Marine believe makes life interesting and meaningful?

Joshua Marine believes that challenges make life interesting, and overcoming them is what makes life meaningful.

According to Joshua Marine, what percentage of personal finance is attributed to behavior and what to head knowledge?

Joshua Marine states that 80% of personal finance is attributed to behavior, while only 20% is attributed to head knowledge.

Does Joshua Marine acknowledge the existence of systemic racism, and does he believe it prevents minorities from becoming wealthy?

Yes, Joshua Marine acknowledges the existence of systemic racism, but he does not believe it prevents minorities from becoming wealthy, citing examples of wealthy minorities who started from nothing.

What are the two options Joshua Marine presents for individuals facing systemic racism?

The two options Joshua Marine presents are to either win and blame it on systemic racism, or to succeed in spite of systemic racism.

What does Joshua Marine suggest about the role of government programs in achieving abundance?

Joshua Marine suggests that government programs have not historically led to abundance, except in Washington DC, and that individuals become successful due to their behaviors, not government programs.

How does Joshua Marine define success in terms of overcoming obstacles?

Joshua Marine defines success as overcoming obstacles through one's own behaviors and character, rather than waiting for external factors or people to fix one's life.

What personal experience does Joshua Marine share about his financial ups and downs?

Joshua Marine shares that he became wealthy through real estate in the early 1980s, but later lost everything due to changes in banking laws and the sale of his bank, which led to the calling of his notes.

What advice does Joshua Marine give to those who have experienced financial loss?

Joshua Marine advises to stop blaming others, take responsibility, learn from the experience, and change one's beliefs and behaviors to create a better future.

What principles did Joshua Marine study to understand wealth creation?

Joshua Marine studied the principles of rich people and the Bible to understand wealth creation, which he found to align with common sense principles such as getting out of debt, living within one's means, and working hard.

What does Joshua Marine suggest is the key to overcoming life's challenges and achieving abundance?

Joshua Marine suggests that the key to overcoming life's challenges and achieving abundance is to take personal responsibility, change one's beliefs and behaviors, and not wait for external rescue.

What is Joshua Marine's view on the importance of personal responsibility in achieving success?

Joshua Marine emphasizes the importance of personal responsibility in achieving success, stating that where one is going in life is their own fault, and it's up to the individual to change their beliefs and behaviors to improve their situation.

Outlines

00:00

💰 Overcoming Challenges for Wealth Building

Joshua Marine emphasizes that challenges make life interesting and meaningful through overcoming them. He discusses the importance of behavior in personal finance, stating that 80% of wealth building is due to behavior and only 20% to head knowledge. Marine acknowledges the existence of systemic racism but argues it is not a barrier to wealth creation, citing examples of wealthy minorities who started from scratch. He presents two options: blaming systemic racism or overcoming it. He also touches on the varying paths to wealth due to upbringing, education, and geographical factors, but stresses that individuals from all walks of life can achieve abundance by overcoming obstacles. Marine criticizes reliance on government programs for wealth creation, advocating instead for personal responsibility and behavior change as the keys to success.

05:00

📚 Learning from Adversity and Self-Reliance

The speaker recounts his own financial downfall due to banking law changes and the subsequent loss of all his possessions. Initially, he blamed external factors like banks and government policies for his predicament. However, he eventually realized the importance of taking personal responsibility and learning from his mistakes. The speaker advises against waiting for external rescue and instead suggests introspection to identify and abandon false beliefs that hinder progress. He encourages embracing the truth, hard work, and perseverance as the means to change one's life. Drawing from his study of successful individuals and biblical principles, he outlines a path to prosperity that includes getting out of debt, living within means, and creating income. The speaker concludes with a call to action for self-improvement and resilience in the face of life's challenges.

Keywords

💡Challenges

Challenges in the context of the video refer to the difficulties and obstacles one faces in life. The speaker posits that it is overcoming these challenges that provides life with its meaning. For example, the script mentions that 'challenges are what, make life interesting and overcoming them is, what makes life meaningful.'

💡Personal Finance

Personal finance is the management of one's own financial resources. The speaker emphasizes that it is more about behavior (80%) than head knowledge (20%), indicating that financial success is largely due to how one operates their life and makes decisions regarding money. The term is used when the speaker says 'personal finance, folks is 80 behavior it's only 20 head knowledge'.

💡Systemic Racism

Systemic racism is the discrimination that is embedded within societal structures and institutions. The speaker acknowledges its existence but argues that it is not an insurmountable barrier to wealth creation, citing examples of wealthy minorities who have overcome such hurdles. It is discussed when the speaker states 'is systemic racism real, absolutely, does it keep someone of a minority who, is a minority, from becoming wealthy no'.

💡Wealth

Wealth, in the video, is presented as an outcome of overcoming challenges and effective personal finance management. It is not just the accumulation of money but also signifies a life of abundance and success. The script mentions wealth in various contexts, such as 'the behaviors and the way, you operate your life, cause you to be able to build wealth, or not'.

💡Behavior

Behavior, as discussed in the video, is the set of actions and responses that individuals exhibit, which significantly influence their financial success. It is highlighted as a key determinant in building wealth, more so than knowledge alone. The speaker uses the term when stating 'it's 80 behavior it's only 20 head knowledge'.

💡Responsibility

Responsibility, in the context of the video, is the notion of self-accountability for one's life circumstances and outcomes. The speaker encourages taking responsibility for one's financial situation rather than waiting for external fixes. It is exemplified when the speaker says 'the sooner you take responsibility the better you off you are'.

💡Abundance

Abundance, as used in the video, signifies a state of plentifulness and prosperity, often associated with wealth. It is presented as a goal that individuals can achieve through their behaviors and actions, not through reliance on government programs. The term is used in the phrase 'what ten years from now is going to have led me to a life of abundance'.

💡Beliefs

Beliefs are the convictions and opinions that guide an individual's actions and decisions. The speaker discusses the importance of identifying and changing limiting beliefs that may hinder progress towards wealth and success. The script refers to beliefs when saying 'your beliefs cause your behaviors'.

💡Government Programs

Government programs are initiatives or policies implemented by the state to address societal issues. The speaker argues that these programs are not the path to wealth or success, instead emphasizing individual behavior and character as the drivers of prosperity. The term is mentioned in the context of 'is it a government program well the historical answer is, no'.

💡Character

Character, in the video, refers to the moral and ethical qualities that define an individual's nature. The speaker suggests that success is a result of choosing one's character to embody certain principles, such as hard work and financial prudence. It is highlighted in the statement 'we become successful because we choose our character to be that'.

💡Self-Reliance

Self-reliance is the concept of depending on oneself rather than external assistance. The speaker advocates for self-reliance in achieving financial success and overcoming life's obstacles, criticizing the idea of waiting for rescue or solutions from others. The term is encapsulated in the phrase 'if you believe someone is coming to your rescue, you're screwed because no one is, it's up to you'.

Highlights

Challenges make life interesting and overcoming them makes life meaningful.

Personal finance is 80% behavior and 20% head knowledge.

Systemic racism is real but does not prevent minorities from becoming wealthy.

Wealth can be achieved despite systemic racism and additional hurdles.

Individuals can build wealth from any walk of life, starting from nothing.

Success is not due to government programs but individual behaviors and character.

There is no historical precedent for government programs leading to abundance outside of Washington DC.

Taking responsibility for one's life is crucial for success.

Believing in external fixes for life's problems is a misconception.

The speaker's personal journey from wealth to loss and the importance of self-reliance.

The realization that blaming others does not lead to recovery or success.

The importance of learning from mistakes and changing beliefs and behaviors.

Studying successful people and understanding their principles can lead to wealth.

The role of hard work and creating income as a path to wealth.

The impact of external events like pandemics and the need to adapt.

The necessity to confront and overcome personal and societal obstacles.

The speaker's encouragement to take action and change one's life.

Transcripts

joshua marine said challenges are what

make

life interesting and overcoming them is

what makes

life meaningful personal finance

folks is 80 behavior it's only 20

head knowledge the behaviors and the way

you operate your life

cause you to be able to build wealth

or not in spite of all

of the things that come against all of

us

is systemic racism real

absolutely

does it keep someone of a minority who

is a minority

from becoming wealthy no

we know this because there are

minorities who are wealthy that started

from nothing lots of them

lots and lots and lots of them

but extra hurdles to overcome

you bet absolutely

what are your options not

win and blame it on systemic racism

or when in spite of systemic racism

these are your two options

is do some people have a

an easier path than others depending on

their

upbringing

their education the area of the country

that they're born into which

country they're born into you bet

but you can find people who have built

wealth and

live a life of abundance from every

possible walk of life

starting from nothing there there

they just chose

to fight through the obstacles some

having more obstacles than others

there are legitimate obstacles out there

the pandemic has slapped some folks

around harder than others

legitimately

but the question you've got to ask

yourself is

what ten years from now is going to have

led me

to a life of abundance

is it a government program well the

historical answer is

no there's never been a government

program that led to abundance

of anything except in washington dc

but individuals out here in the real

world we don't

become wealthy and successful because of

government programs

stimulus checks fifteen dollar minimum

wage

socialist ideals we become successful

because of

our behaviors

we become successful because we choose

our

character to be that now does that

shame someone that hasn't become

successful no it just tells

someone that hasn't yet become

successful how to do it

and it's not sitting on your thumb

waiting on a stimulus check

it's not sitting on your thumb waiting

on aoc

or biden or trump or anyone else to fix

your freaking life

there is not an answer to your problem

that's going to come out of washington

the sooner you take responsibility the

better you off you are

and that's not to say that where you are

is your fault

it is to say that where you're going is

your fault

and your beliefs cause your

behaviors and if you believe

the government is going to fix or some

person

or some movement or crusade is going to

fix

the barriers that are in your life

you're wrong

and if you believe that you're gonna sit

and wait on someone else to fix your

life

and it's never gonna get fixed

it is up to you

so i started from nothing when i came

out of college

and i started buying and selling real

estate and i became

wealthy at least by a kid from my

neighborhood standards i had four

million dollars worth of real estate

made two hundred thousand dollars a year

back in the ninth early nineteen

eighties

and that's back when two hundred

thousand dollars was a lot of money

i did a lot of stupid things like borrow

too much money like borrow it on short

term notes

and our bank got sold to another bank

and they called our notes and we spent

the next two and a half years of our

life

losing everything we owned some

of what caused that were changes in the

banking laws that encouraged and allowed

the banks to do that to me

and for a while i sat around and blamed

the meno bank and i blamed the irs

and i blamed ronald reagan for changing

the laws and banking that affected the

snls

and caused the snl crisis by the way the

destruction of an entire section of the

banking industry

i blamed everyone else

and i sat there for a while getting

absolutely no traction

and not recovering at all

from my losses and i just sat on my

thumb

and whined about everybody else picking

on poor old dave

but the revelation came along that if

you're gonna have that many lemons you

might as well make some lemonade

and a good friend said you need to stop

your whining you want some cheese with

that wine

and you need to get up off your butt and

go fix this and oh by the way figure out

what you learned

from all this pain what'd you learn

what'd you do wrong that you'll never do

again figure out what you're never

against are because of this

and so i started studying rich people

not broke finance professors with a

theory

how'd they get rich where'd their money

come from and how did they get it

and i was a baby christian and i started

studying the bible and what it has to

say about money

and both those sets of principles lined

up they're called common sense

get out of debt live on less than you

make

work like a maniac and create income

there's a great place to go when you're

broke my grandmother said to work

it will change everything when you do

that

everything and so when pandemics come

bankruptcies come when 2008 comes or 9

11 comes

when racism comes

or wealth inequality comes or someone

treats you poorly because you have a

southern accent or northern accent

or you have a college degree or you

don't or you have student loans or you

don't

whatever your mountain is that you have

to climb and you have a mountain you

have to climb

are taller than others

but you've got to climb the mountain so

you need to sit down and say you know

what have i done wrong so far

what are the lies that i believe about

life

that are holding me back and what am i

going to change

a lot of the things i believe came from

the neighborhood i grew up in

and a lot of the lies i had to lay down

and never again believe

came from the neighborhood i grew up in

some of the best qualities came out of

the household i grew up in

and some of the lies that i had to lay

down came out of the household i grew up

in and that's true of every one of us

every one of us so growing up

is setting down the lies and embracing

the truth

and hustle and grind get up and leave

the cave and kill something and drag it

home

if you believe someone is coming to your

rescue

you're screwed because no one is

it's up to you baby doll suck it up

buttercup

you got this you can do it i know

you can do it because i've watched tens

of millions of you

do it lay down the lies

pick up new beliefs embrace new

behaviors

and change your freaking life don't wait

on the government to do that for god's

sakes