Ian Dunlap on Reaching Your First $100,000 Saved - podcast episode cover

Ian Dunlap on Reaching Your First $100,000 Saved

Jan 18, 202412 min
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Episode description

In this episode, our hosts Rashad Bilal, Ian Dunlap, and Troy Millings engage in a thought-provoking conversation about financial security and the significance of reaching certain monetary milestones. Ian recounts his viral statement about feeling financially secure with 600,000 to a million dollars tucked away, which sparked controversy and triggers within the audience. He delves into the practical implications of this figure, citing examples such as the high cost of elderly care, college expenses, and the impact of inflation on investments.


The discussion revolves around the challenges of saving and reaching the milestone of 100,000, which Ian and Troy acknowledge as a significant accomplishment. They highlight the discipline and mindset required to achieve this level of financial security, emphasizing the need for sacrifice and diligent money management. Ian emphasizes the importance of continuing to invest and grow wealth even after reaching the 100,000 milestone, emphasizing the need for financial stewardship and efficient money management as one's wealth grows.


The hosts provide a candid perspective on the financial realities faced by many individuals, countering the common misconception perpetuated on social media about everyone being wealthy. The conversation brings forth the notion that financial success requires strategic planning, discipline, and a long-term perspective, dispelling misleading perceptions of overnight wealth and instant gratification.


Tune in to this compelling episode to gain valuable insights into the true meaning of financial security, the challenges of reaching financial milestones, and the importance of disciplined money management for long-term prosperity.


#EYL #MMMedium #FinancialSecurity #WealthManagement #MoneyMindset #InvestingWisdom #FinancialMilestones #SacrificeAndDiscipline #LongTermSuccess #RealitiesOfWealth #MoneyTalks



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Transcript

Speaker 1

An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from Al Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christy nom the United States

Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you are here illegally, your next you will be fined nearly one thousand dollars a day, imprisoned, and deported. You will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally.

Do what's right. Leave now. Under President Trump, America's laws, border and families will be protected.

Speaker 2

Sponsored by the United States Department of Homeland Security.

Speaker 3

Uh Ian, I wanted to talk to you about something. You went viral. Shout out to share the word.

Speaker 4

Oh my God, shout out to the good folks over there.

Speaker 3

Well, you said one hundred to two hundred thousand. It's no real money. You would you you won't feel secure until you have six hundred thousand to a million tucked away.

Speaker 2

What do you do you?

Speaker 3

What does this mean? And why do you think that that was so triggering for a lot of people? And can you explain what you what you meant by that.

Speaker 4

I'm not trying to be a villain no more. In twenty twenty four, Mike put us back in the screen.

Speaker 5

I need some goods.

Speaker 2

I want to get the DeVos. We're a team, okay.

Speaker 4

My job is to tell the truth no matter what. So like, I know some people got bothered by and every time I post this people get upset. But the truth is, like, if you're taking care of people, and if we just look at elderly care, if you ever had a family member that had assisted living that was an elder for those of you who don't know, it ranges from six thousand a month to.

Speaker 2

Twenty thousand a month.

Speaker 4

Right if you have a kid to go to college, those expenses are there. And especially I feel like as soon as we began to invest in real estate crypto stock market, we began to have these conversations at scale all of a sudden inflation ramped up to a level

that we can keep up with. So my job as a truth teller is, even if it's not the popular thing to say, I would rather you know how much money that you need to have in order to feel secure, opposed to and some of you told me this, Hey, as soon as I got to one hundred grand saved, Now the value of my dollars dropped and the one hundred grand doesn't feel or the fifty grand or the twenty grand doesn't feel like that. So I don't Maybe people get triggered by it because it feels like as

soon as you make headway, they change the rules. But this is why it's important for us to have these conversations on a weekly For you gods invest every week every month, so we know the rules are going to change for us. But I would rather us be prepared about what things really cost. Once again, Ross told you in an interview on AOL if he had how much money he would be terrified. Ten million, he would be. Yeah,

I'm be honest that we get to have privately. I'm just reporting the information back to you and also telling you, like for some people, I also know they made their first hundred grand. I've had people tell me like, yo, I thought this would feel like a lot more, and it's not. So if you're actually taking care of your family, taking care of your kids, you're looking out for other friends, loaning friends out money when they need it. One hundred grand isn't what it.

Speaker 2

Used to be. It's my last one. But I'm be honest.

Speaker 5

When when I read that, I initially thought an somebody making one hundred to two hundred thousand. I'm like, all right, is that no real money? And then now that you're saying it's saved, would you say that making the or saving that firste hundred thousand.

Speaker 2

Is the hardest.

Speaker 4

Absolutely right, it's the most challenging ten grand, and then after the leak from ten to one hundred, like one of the hardest is the hardest leak.

Speaker 2

That you have to make.

Speaker 4

But as a man, if you have family, you have children, you have to be able to get to a place where your family has some security, and it takes sacrifice.

Speaker 2

It takes sacrifice, Ernest.

Speaker 5

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Speaker 1

An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from Al Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christy nom, the United States

Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you were here illegally, your next will be fine nearly one thousand dollars a day, imprisoned and deported, you will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally. Do

what's right. Leave now. Under President Trump, America's laws, border and families will.

Speaker 2

Be protected sponsored by the United States Department of Homeland Security.

Speaker 4

And I would rather tell you that. And if prices of homes have went up, like there's no new cars available for under forty grand. Regular cars are now forty grand. So if homes are increasing, price of chips are increasing, price of college tuition is increasing, what do you want to do?

Speaker 2

A lot to you?

Speaker 4

I'm sorry, it's and it's jarring to me. So even where I'm at now, the conversations that we get to have, it's like, Yo, if you won't get that one hundred in your lifetime or two hundred million in your lifetime, you wasted your talent.

Speaker 2

Honest, you the greatest and the sound good. How fast you're gonna get.

Speaker 4

To one hundred to be able to help other people? These are I'm having these tough conversations too, with people that I'm learning from and people in my circle, like and as soon as we begin to have these conversations, yes, it's jarring, but I would rather tell you what you need to do to be able to be financially free and provide some security to you and your family and your business because you may have.

Speaker 2

To help out other people.

Speaker 4

You may have to help other people in out the businesses.

Speaker 2

You never know.

Speaker 4

I know a lot of times on IG it looks like everybody rich as hell. I'm gonna be honest with you, most people are not. Most people are struggling.

Speaker 5

So yeah, yeah, I'm just saying that because I've been there before.

Speaker 2

I know what that feeling is like.

Speaker 5

To get to that first ten thousand, it's like, oh, can you do it? But it really was the mindset thing, right, Like I'm changing my zero every time.

Speaker 2

Right.

Speaker 5

It was like if I can say five thousand, now, five thousand is my zero. So if I get to five, I can't touch it. Right then becomes ten. If I get ten thousands in the account, I'm at zero, I can't touch it. And you just keep with that financial discipline when you're push it. When you get to that one hundred, it's like, Okay, I've actually done something here. I've done something that the average person hasn't done, which says that I have a certain level of financial discipline.

But it also says that I'm willing to sacrifice at a certain level to get here. Now, what do I do here? Is the one hundred thousand my new zero, right, and so you can build from that. Plus you're able to take more not chances, but you have capital to now invest. Now help that money grow, and so it changes one hundred thousand. And again it's the hardest thing to do, but it opens the door for opportunities to now grow that one hundred thousand.

Speaker 4

Yeah, and when I made my first hundred grand, you know what I didn't do. I ain't buy no bo in Siaga, I ain't buy no rioms. I didn't got right back to even Channa Sharp despite the number thirty million or four days, he got right back up. This we were talking about in Ghana, right, just getting up and going to work every day. A lot of luck happens just doing things that you're supposed to do, even when

you don't want to do them. So even after that blockbuster interview that he had, he was on air this morning. So when you get to that next level, your job is to continue doing what got you there and then even be more efficient put more money into the market, invest in more businesses. You have to be more diligent because when now this is the tough part when for those you are trying to get to one hundred. Now everyone has a thing for you to invest in or

a way to pry money out of you. You have to be an even better steward of the money as you grow.

Speaker 2

But that's the fun.

Speaker 4

Part of the game is to put together a blueprint, a plan, a playbook and stick to it so you can provide for your family. If I made you money, please put us in chat.

Speaker 2

That's a fact.

Speaker 1

An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from El Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christy Noman, the United States

Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you are here illegally your next you will be fined nearly one thousand dollars a day, imprisoned, and deported. You will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally.

Do what's right. Leave now. Under President Trump America's laws, border and families.

Speaker 2

Will be protected. Sponsored by the United States Department of Homeland Security,

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