How To Properly Manage Your Money Like The Rich With Tom Ferry and Toby Mathis, Esq.

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  • Опубликовано: 4 авг 2024
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    Are you struggling to manage your money like the rich? If so, you're not alone! In this video, joining us are experts Tom Ferry and Toby Mathis, Esq., to help you learn the proper way to manage your money for success. From investing basics to budgeting for the long term, these tips will help you get your financial life under control.
    Tom Ferry is the #1 ranked Real Estate Educator by Swanepoel Power 200 and the best-selling author of "Life! By Design" and "Mindset, Model and Marketing!"
    Toby Mathis, Esq. is a partner here at Anderson Business Advisors with years of knowledge and has helped countless clients navigate the complex world of taxation and asset protection allowing them to secure their financial goals.
    We will teach you how to budget, invest, and live a prosperous life with a well-thought-out plan. This video is a must-watch if you want to learn how to manage your money and reach your financial goals properly!
    Check out How to Properly Manage Your Money Like the Rich with Tom Ferry and Toby Mathis, Esq. today and start living the high life tomorrow.
    Follow Tom Ferry
    / tomferry
    Show Notes:
    0:00 Intro
    2:33 Change Your Mindset
    10:20 Tom's Discovery About the Wealthy
    14:18 3 Types of Money Managers
    20:36 What Are You Doing with Your Money?
    24:48 Tom's Wealthiest Mentors
    34:28 Investing in Real Estate and Dividends
    43:53 How Do You Make Money?
    53:18 Create Goals
    58:38 Outro
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    ABOUT TOBY MATHIS
    Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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    The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
    #tomferry #moneymanagement #tobymathis

Комментарии • 108

  • @TobyMathis
    @TobyMathis  Год назад +5

    Want answers to your questions about this video? Schedule a complimentary consultation with our experts today! aba.link/TFYTSS

  • @brettlaw4346
    @brettlaw4346 Год назад +5

    Not on topic, but might be relevant for a future video. With the lack of charging order protection in Florida for single member LLCs, could the operating agreement be used to structure any kind of foreclosure proceedings in a manner which would ensure the property isn't undervalued by people basically trying to stick a knife in you?

  • @ellenoir5678
    @ellenoir5678 Год назад +11

    Coach Toby!!! Always coming through with the knowledge

  • @mattmathai
    @mattmathai Год назад +5

    Hey, just wanted to say thanks for all the great content. I've watched all the videos you've published (that apply even remotely to me) and have contacted your firm to answer some questions and help me w/ estate planning.

    • @TobyMathis
      @TobyMathis  Год назад +1

      Glad to hear it! Thank you for watching!

  • @ZManPlease
    @ZManPlease Год назад +5

    Can you post the book “affirmations of wealth “ he mentioned, I can’t find it. Thanks! Great stuff

  • @NellySP
    @NellySP Год назад +2

    Excellent session!

  • @ExtraordinaryLiving
    @ExtraordinaryLiving 11 месяцев назад +3

    Ref 32:00 - Well, I don't know about "most people", but for me, personally, I am *intimidated* ... like, "Why would Jeff Besos want to talk to me? I mean genuinely wants to talk to me other than the superficial casual niceties?"
    In typing this comment, I suddenly realize something more into my own limitations ...........
    Anyway, I think many people probably share my psychological state here, and we have to work through this one first.

  • @d1a1n1n1
    @d1a1n1n1 Год назад +5

    no offense but you need to clarify this is for complete beginners or idiots or something it was painful to watch i kept trying to fast forward to get to the info to see/compare against what rich do (like buffet, gates, musk, bezos) and it was just like one of those seminars where joe average comes in and stares at a powerpoint presentation waiting for the end to for the hard sell something... i absolutely love listening to toby and he is a gold mine of information but just basic basic info here...

  • @ljordon8101
    @ljordon8101 Год назад +7

    Great content, very informative and insightful, thanks fellas

    • @TobyMathis
      @TobyMathis  Год назад +1

      Glad you enjoyed the video

  • @JTDeFi
    @JTDeFi Год назад +5

    Thanks guys. Very valuable insight and information. Much appreciated 🙏

  • @czanel4899
    @czanel4899 5 месяцев назад +2

    17:50 total misunderstanding of Crypto. Considering age?? understandable but sad indeed.

  • @RobWilliams007
    @RobWilliams007 Год назад +6

    I always say, the more paths you cross the more chances you have.

  • @willmallory9085
    @willmallory9085 Год назад +2

    Excellent video Team

  • @theone8189
    @theone8189 Год назад +3

    One of your best.

  • @gw365
    @gw365 Год назад +3

    So wait, I’m confused. Is it more profitable to buy businesses or buildings?

  • @MsKingwa
    @MsKingwa Год назад +4

    Super loved this interview, thank you for your generosity in sharing your insights, knowledge and experience Tom 🙌

  • @conservativelens
    @conservativelens 11 месяцев назад +1

    Very valuable information! I was wondering if non-profit organizations are worth starting. I was interested in housing homeless teens who have aged out of foster care. Is there a way to help and also generate an income?

  • @duracell87
    @duracell87 Год назад +2

    Thanks for the video.

  • @tracylieu3211
    @tracylieu3211 Год назад

    Tony, do you have a free consultation on my option to review my option how to save on real estate tax and set up business to offset W2?

    • @TobyMathis
      @TobyMathis  Год назад +1

      Anderson does offer free strategy sessions for potential clients.

  • @wasanthaabeysiri
    @wasanthaabeysiri Год назад

    World number one best coach for me is Mr Mike Ferry. Thanks to Mike, real estate coaching industry started and i do have so much respect for Mike and what he did to improve the industry. Thanks Mr Mike Ferry

  • @silverpod
    @silverpod Год назад +4

    Love Toby’s content. But ngl, if I attended an event and his guest was talking, I would get up and walk out. Hate having my time wasted. Going to Toby’s other videos now.

    • @TobyMathis
      @TobyMathis  Год назад

      Thank you for your feedback!

  • @anthonyrussell4888
    @anthonyrussell4888 Год назад +2

    Great video! What were Tom's last two questions for startup founders? He never listed numbers 7 & 8.:)

  • @marzdeep88
    @marzdeep88 11 месяцев назад +4

    This guy's video on how to split your money... changed my life. The whole structure of money is fascinating.

  • @pam2239
    @pam2239 Год назад +1

    What about the average guy? Where do we start?

    • @TobyMathis
      @TobyMathis  Год назад

      It depends on what your plan is. We would be happy to recommend some of our videos to help you get started 👍

  • @batara1ubm
    @batara1ubm Год назад +7

    half way into it, still talking about why rich people are rich. Why connections are important. hopefully he’ll get to the actual substance

  • @fabio.1
    @fabio.1 11 месяцев назад +3

    40:56 The 8 Qs to consider before investing in a startup.

  • @advancingintegrity3803
    @advancingintegrity3803 Год назад +35

    95% of this video is Tom talking about Tom. 🤦🏼‍♂️

    • @duracell87
      @duracell87 Год назад +5

      I noticed the same thing. I thought it was just me. I had to tune out. Love the channel though!!

    • @neverstopdreeeming
      @neverstopdreeeming 11 месяцев назад +3

      Thanks for saving me time!

    • @cdb426
      @cdb426 6 месяцев назад +1

      I agree

  • @michaellerman6349
    @michaellerman6349 Год назад +1

    Thanks Toby great training

  • @nevastrong2850
    @nevastrong2850 Год назад +3

    I know if the broker he mentions. I work in the same market and he works his a$$ off. He’s highly driven, his team is active & has connections all throughout the NW. he takes his business seriously and kudos to him.

  • @stepitupmorons8704
    @stepitupmorons8704 Год назад +1

    great stuffff thank you, again,, 1776

  • @phong911gt3
    @phong911gt3 14 дней назад

    Looks of great nuggets of info. Thanks!

  • @innerscorecard9433
    @innerscorecard9433 Год назад +2

    Good, but seriously long winded. Minor quibble: Some the best wealth creating assets in the world are non dividend paying stocks like Berkshire and Amazon. Startups do not pay divedends either. Wonder how Tom reconciles that? The base rate on startup success is not that great.

  • @mississippiapple1078
    @mississippiapple1078 Год назад +1

    I really didn't want to like this Tom guy but he seems so genuine

  • @dilciamorales8336
    @dilciamorales8336 Год назад +1

    Was his dad Mike Ferry? I thought Mike Ferry was the real estate coach.

  • @jod5834
    @jod5834 Год назад +1

    👍👌

  • @RobWilliams007
    @RobWilliams007 Год назад +1

    Read The Growth Mindset. Excellent book!

  • @LineageSys
    @LineageSys 11 месяцев назад

    Toby is awesome.

  • @ExtraordinaryLiving
    @ExtraordinaryLiving 11 месяцев назад +2

    Ref 40:56 - Note to self: The 8 Qs to consider before investing in a startup.

  • @xyz987123abc
    @xyz987123abc 5 месяцев назад +1

    Magical words "I don't invest in what I cannot understand ".
    Does either Toby or Tom do this kind of work for futures trading versus real estate? Futures unlike stocks/bonds/options do get specialized tax treatment. My challenge is how to put this inside a corporate structure, even if it is a non-profit.

  • @lisbethfernandez9304
    @lisbethfernandez9304 Год назад +2

    ❤❤❤❤❤❤

  • @polish2x91
    @polish2x91 Год назад +23

    Dunning Kruger in full effect. This dude talked more about himself than anywhere near the subject

    • @RobWilliams007
      @RobWilliams007 Год назад +2

      It is the purpose of many interviews - to find out about the guest.

    • @greenguy369
      @greenguy369 Год назад +1

      For what's it's worth... I came to this video thinking it was a host and guest co-host/visiting expert. So, the "interview" I got instead did not align with what was advertised.

    • @zerotodeal
      @zerotodeal Год назад +1

      He was explaining his struggle with mindset and how he changed it in hopes of what he did might help someone else.

    • @no-bq8hv
      @no-bq8hv Год назад +6

      My sentiments exactly. He really seems to revel in himself. I got through 30 mins. Next video please.

    • @Nigriff
      @Nigriff Год назад

      Kinda like John Doloney of Ramsey

  • @stacyb1341
    @stacyb1341 Год назад +6

    40 minutes in, I've gotten about 5 minutes of ACTUAL useful information plucked from 30 minutes of name dropping, self-aggrandizement, and hearing about the celebrities who live in his building.
    Set a wealth goal
    Protect your assets
    Diversify your investments
    Focus on real estate
    Curate your acquaintances from amongst the rich and successful
    Focus on net and not gross
    And, most importantly
    Move into an exclusive building so you too can name drop to inflate your own feeling of success.

  • @chelsearodriguez919
    @chelsearodriguez919 6 месяцев назад

    He validated what I knew but never took action on. Thanks for the breakdown and book recommendations ❤

  • @PeterJames143
    @PeterJames143 Год назад +4

    And I would have gotten away with it too, if it hadn't been for you meddling kids.

  • @chelsearodriguez919
    @chelsearodriguez919 6 месяцев назад

    Gold mine you both are ! ❤ God bless you both ❤

  • @elvispresley3234
    @elvispresley3234 Год назад +6

    Guys, love the channel and am subscribed. But Tom, dude, 11 mins for you to even start to begin. Get to the point of the video. Not interested in who you know or your puppy. Ok, 12 mins now and still waiting for you to actually answer the "how". Finally, 19 mins in you actually get to some content that matches the title Tom. Ok, Toby. Still love and follow you religiously, but clicking away now. Tom, get to the damn point and stay on content. Travel the path of your "talk" in an abcd pattern. See ya on the next one.

    • @rongawthorp787
      @rongawthorp787 Год назад +3

      Yes. That. And he lost me finally at his ignorance of crypto.

    • @d1a1n1n1
      @d1a1n1n1 Год назад +4

      OMG YES... painful.... like mange your money for idiots book

  • @Nigriff
    @Nigriff Год назад

    Adversity breeds success. Privilege breeds comfort.

  • @JamilaCrockett
    @JamilaCrockett 2 месяца назад

    ❤thank you:) so much great content plan to rewatch this:)

  • @jeffreymurrey191
    @jeffreymurrey191 Год назад

    Joy with contentment is great gain. When is it enough? Do we understand the difference between happiness and joy? What are our priorities?

  • @RobWilliams007
    @RobWilliams007 Год назад

    29 min in - too small of a deal. I remember Bob Hope said he was asked to invest in Disneyland and he thought it was way out in Orange County and didn’t do it (not like he didn’t make money in real estate but…)

  • @briancrizaldo7640
    @briancrizaldo7640 Год назад

    How would you own a home without it being under your name? Just start an LLC with your name as the business?

    • @yagga8885
      @yagga8885 Год назад +2

      Buy it and do a deed transfer, deeding property from yourself to the LLC. Or form the LLC and purchase the home on behalf of the LLC

    • @briancrizaldo7640
      @briancrizaldo7640 Год назад

      @@yagga8885 ahh I see. Thank you!

  • @mrrondouglas
    @mrrondouglas Год назад

    He's way off with the top percentage of wealth amounts

  • @Truther00
    @Truther00 Год назад +2

    He keeps poking his glazes 😂

    • @capncrunch2573
      @capncrunch2573 Год назад

      As soon as I read this, I looked up, and he did it.😂

  • @nadjadavidson411
    @nadjadavidson411 5 месяцев назад

    I’m surprised that one of the money managing suggestions on his slide was a 529B. There’s a much better option that’s tax sheltered and non-restrictive.

  • @audriemeraki
    @audriemeraki 4 месяца назад

    I’m so glad I found you.

    • @TobyMathis
      @TobyMathis  4 месяца назад

      Thanks for being part of the community.

  • @zerotodeal
    @zerotodeal Год назад

    My llc was way less than 899 dollars just say its more affordable than you think

  • @AllBetsAreOff-zt7xx
    @AllBetsAreOff-zt7xx Год назад +2

    Tom is clueless as to why only a small percentage of people in any population have a "growth mindset".

  • @marksoberay2318
    @marksoberay2318 Год назад +2

    Top 5% is 50 million? This guy is a fool....top 1% of 1% in 2023 is 30 million

  • @johnnyworzel3741
    @johnnyworzel3741 5 месяцев назад

    Your puppy goes to the bathroom? That’s a well trained puppy.

  • @zerotodeal
    @zerotodeal Год назад

    Im currently in the process of altering my identity

  • @ericosei-owusu824
    @ericosei-owusu824 23 дня назад

    You are a great blessing . Hopefully we get to work together in the future

    • @TobyMathis
      @TobyMathis  23 дня назад

      Thanks for the support! Feel free to reach out to my team. aba.link/TFYTSS

  • @yagga8885
    @yagga8885 Год назад +1

    Giving back is true wealth! You nailed it Toby. 🎯 Great show as always

  • @DTSupstateNY
    @DTSupstateNY 8 месяцев назад

    I’m sorry is this about Tom chatin about Tom or ???? I’m half way through the video and I now know Toms life story

  • @SeismicSales
    @SeismicSales 3 месяца назад

    My earliest childhood memory money i was 10. I had to go to the dentist. My dad gave me the address and .25c then told me "dont forget to ask for a transfer for the bus ride back".

  • @corylyons1107
    @corylyons1107 Год назад

    How to become wealthy.....
    1. Pay my house off
    2. Use the equity in my house
    for investments. So don't pay off house
    3. Invest in all things that make tons of money and nothing that loses money. That simple

  • @user-hb6kw7pe4x
    @user-hb6kw7pe4x 3 месяца назад

    Thank you

  • @cjswa6473
    @cjswa6473 Год назад

    Only thing 100%correct is he talks to fast. Huge name dropper

  • @enchiladasqueretanas
    @enchiladasqueretanas 6 месяцев назад

    I’ve seen his videos ❤

  • @oGrasshoppero
    @oGrasshoppero 3 месяца назад

    Top 1%: Net worth of $5.81M
    Top 5%: Net worth of $1.03M
    Top 20%: Net worth of $558K

  • @KL-md9ey
    @KL-md9ey 11 месяцев назад

    I see the bobble head and now I can't see anything else 😶

  • @TyroneHardR
    @TyroneHardR 10 месяцев назад

    Why would billionaires want to live in a high rise in Dallas? F that

  • @baoyang458
    @baoyang458 8 дней назад

    🤦🏻‍♀️talk too much about you!

  • @judyhall5624
    @judyhall5624 Год назад +3

    He says nothing about anything.."why don'tyou cash in on your equity?"..because it now becomes a debt..debt is not what you want today....😅😅😂😅

  • @tonyamico473
    @tonyamico473 3 месяца назад

    I hardly comment on anything, however, I just wasted a lot of time listening to a guy talk and talk and talk and say nothing, like a politician. I was looking for specific ways to do it and all he did was give a bunch of fluff and say things that everybody already knows.
    .

    • @TobyMathis
      @TobyMathis  3 месяца назад

      That sucks - sounds like we missed the mark. Let me try and make it up to you. What type of investing are you interested in and how can I help?

  • @MrHate444
    @MrHate444 7 месяцев назад

    You hear that guys scale ....someone who knows how to build a team and not a narcissist vote blue!!!

  • @mateoarzua7706
    @mateoarzua7706 9 месяцев назад

    Toby I like your podcast, but your guest sound like a “ Car Salesman “