Meet ScottScott is hired by millennial entrepreneurs to build and pass on wealth, because most feel stressed out by debt, confused about what to do with their money and don't trust banks or Wall Street just like he doesn't. So he helps millennial entrepreneurs recycle their dollars to either start or supercharge their investments. Bottom line, his clients, reverse engineer banks and the wealthy to do what they do rather than what they tell us to do. And learn how to make bank like a bank.
Why is debt such a huge problem in our society?While a number of reasons, the system itself is designed to keep us in debt, the way the lending institutions work, the way that government regulators, you know, let them do crazy things that are in their favor, rather than the borrower. And even the get-out-of-debt industry plays a huge part. Because what these financial entertainers do is contribute to people feeling like they are broken like they are the problem. When really, that's not the case. The whole focus on getting out of debt contributes to people staying in debt. Because when you think about it, Lori, getting out of debt is working your way up to zero. Who wants to be at zero? To truly have a sound financial plan, we need to go way beyond zero. And we need to know not just how am I going to get to zero but how am I going to go above and beyond. What tools am I going to use to supercharge my plan and follow the right path to the right destination?
Lori: Yeah, wow. That's I mean, that's important. I agree with the mean, being at zero isn't exciting. I mean, it's a win to get dug out of the big hole that you're in. But I think the bigger picture, the real work comes in after you do that part.
What is the plan after getting to zero? The way I like to illustrate that is if you picture the beginning of a marathon, Boston Marathon had 27,000 runners on one street. So you know, picture what a mess that is. If you're at the back of that pack, you've got a long way to run just to get to the starting line. And then you've got 26.2 more miles to go to get to the finish line. Well, financially speaking, getting out of debt is just reaching the starting line. That's not the finish line. You're already tired by the time you reach the starting line. Well, what is the finish line? Financially speaking, it's financial freedom, passive income, retirement, however, you think about it, however, you frame it. That's the finish line. And if we say youths spend all that energy and effort to get to the starting line, you're already tired. But then a race official sees you and says, Laurie, come over here. I saw how far you had to come just to get to the starting line. And that's not fair. What I'm going to do is drive you into the course and shorten that race. Wouldn't you appreciate it? If that's the opportunity that you had? What I do is help people to take that energy and effort that they expend to just reach the starting line, and then teleport into the course to shorten that race to passive income. Retirement financial freedom.
Lori: Interesting. It's an interesting analogy. Yeah. Okay, so let's, let's talk about that a bit. 
What's the best way for someone to map out that financial future?The best way is to reverse engineer what we know works. There are three main problems that people have when it comes to managing their money. The first is trial and error, they just guess. And that is a financial agnostic, they try a little of this, a little of that sample a little over here, and hope they stumble across a solution around something that helps them to feel good. The second is listening to their broke friends, even though they know they've got no idea what they're doing with their money. That's a financial atheist. They figure there is no such thing as financial truth. Therefore, I'm going to just stick with what I can see touch, and feel around me and focus on that. The third is listening to one of those financial entertainers that...