Tate Speech - Tate on Why You'll Never be Rich

3 reasons why most of you will never be rich and why Bitcoin is the one thing you can do to get rich. You don't need to be rich when you're old, like me, because nobody cares about the old dude in the Lambo. They care about the young dude in The Lambo! The key to wealth creation is outdated and wrong. The only thing that s changed is the way you're taught about wealth creation. The world has changed, and the only thing you need to worry about is money. If you don't have a lot of money, then you need a good amount of time and effort to create it. You need to work hard, save, and then get a mortgage to pay off your house. That's what your parents taught you, and that's what you should be doing, not when you are old and poor like me. I don't care about money, I just care about getting rich when I'm old and old like you are young and sexy. Recorded in Los Angeles, CA! Don't forget to subscribe to my channel! Subscribe and comment to stay up to date with the latest Bitcoin and Bitcoin news! I'm on the lookout for the next Bitcoin episode! Tweet me and let me know what you thought of it! :) Timestamps: 1:00 - What are your thoughts on Bitcoin? 2:15 - Why you'll never become rich? 3:30 - What is the key to becoming rich 4: Why you're not old? 5:10 - How much money you should have? 6:20 - What's a good day? 7: What are you working on? 8:00 9:40 - Why do you need money? 11:00 | Why you don t need to have a house? 12:30 | What is your parents' idea of wealth? 13:30 14:40 | How to become rich 15:10 | What would you need? 16:40 17:00 Can you be rich in the future? 19:00 Is Bitcoin a good thing? 21:10 22:00 Why you can be rich? ? 20:00 Do you want to be broke until you re old and sexy? 26:00 What is a millionaire? 27:00 Should you get a house like me?

00:00:00.000 We'll be right back.

00:00:30.000 We'll be right back.

00:01:00.000 Hello, everyone.

00:01:03.360 I'm relaxing with my coffee.

00:01:05.380 I wonder how many people would watch a Tate speech of me just drinking coffee.

00:01:09.180 Not saying anything, not doing anything, just drinking a coffee with my dog.

00:01:16.600 How many viewers think we could get?

00:01:18.860 Maybe I should do that.

00:01:20.260 Maybe I should make this a video in itself.

00:01:21.500 Maybe this video should have no point.

00:01:22.700 No, that's boring.

00:01:26.320 I'm going to brag instead.

00:01:27.560 On the 12th of March of this year, something amazing happened.

00:01:31.540 Those of you who will follow me on Twitter will know what I'm about to talk about.

00:01:34.360 On the 12th of March of this year, due to all the coronavirus lockdowns and rah-de-rah, everyone started panicking and everyone's going to get locked in their house and blah, blah.

00:01:41.820 And the price of Bitcoin plummeted 50% in like two hours.

00:01:46.660 Don't know if anyone remembers that.

00:01:47.960 I remember. 0.99

00:01:49.100 And on the 12th of March, I put a tweet on my Twitter account saying, you're all pussies. 1.00

00:01:53.900 We all know it's going to come back. 0.99

00:01:56.240 Buy as much as you can.

00:01:57.500 I'm about to buy a bunch.

00:01:58.720 Of course, a bunch of people start replying under it.

00:02:01.680 Actually, no, this is the end of Bitcoin.

00:02:03.500 Monetary system.

00:02:05.720 People do not seem to yet understand that crisis and opportunity are the same thing.

00:02:12.220 Apollo, you're ruining my tape speech.

00:02:14.680 Crisis and Apollo.

00:02:15.660 Sorry, not Apollo.

00:02:16.800 Crisis and opportunity are the same thing.

00:02:18.520 In fact, in Japanese, they have the same word.

00:02:20.800 And what most of you people are doing is you're going through your life.

00:02:23.480 You're seeing a crisis.

00:02:24.720 You're seeing the world get destroyed.

00:02:26.680 You're seeing Corona.

00:02:27.300 You're seeing the American election be stolen.

00:02:29.620 You're seeing all these bad things happen.

00:02:31.100 And you do not identify any opportunity in these circumstances.

00:02:34.720 You sit there and think, oh, well, do-do-do.

00:02:37.180 The world does what it does.

00:02:38.500 And I'll keep doing my job.

00:02:40.220 I'll keep working at Starbucks.

00:02:41.800 And maybe one day when my ship comes in, I'll make some money.

00:02:45.840 Never.

00:02:46.940 That's never going to happen.

00:02:48.840 It's never going to happen.

00:02:50.120 And I'm going to tell you why.

00:02:50.860 Three reasons most of you are never going to be rich.

00:02:54.400 One, you do not identify opportunity.

00:02:56.360 The opportunity we're discussing now, which happened on the 12th of March, where I bought

00:02:59.680 600 grand of Bitcoin, which is now worth in excess of 7 million.

00:03:02.920 I've done zero work.

00:03:04.920 Zero.

00:03:05.960 I've turned 600K into 7 million just because I identified an opportunity.

00:03:10.260 It took me 10 minutes.

00:03:11.980 You're sitting out there thinking, if I just had a million, if I could just become a millionaire.

00:03:15.820 That's how easy it is.

00:03:16.960 Now, you probably didn't have 600K to buy Bitcoin like I did.

00:03:19.480 Fine.

00:03:19.680 You could have put 600 in and had 70 grand.

00:03:24.020 70,000 you could have had from 600.

00:03:26.600 But you do not identify opportunities.

00:03:29.120 This is the first thing you do not do.

00:03:30.520 You do not pay attention to the world around you.

00:03:33.320 You just live in your little bubble. 1.00

00:03:34.640 You're too busy arguing with your ugly girlfriend. 1.00

00:03:36.680 Too busy stressed out about some dumb shit. 1.00

00:03:39.120 Too busy sleeping in. 1.00

00:03:41.120 You don't pay attention.

00:03:42.080 You're not perspicacious.

00:03:43.960 This is why you miss opportunities.

00:03:45.380 It's the first reason you're never going to be rich.

00:03:46.600 Second reason you're never going to be rich is that everything that is taught and told

00:03:51.480 about wealth creation is outdated.

00:03:54.840 Your parents' idea of how to generate wealth no longer works.

00:03:59.980 Your parents say, just work hard, save your money, put it in a savings account, and then

00:04:04.380 get a mortgage, and then you can pay off the house all garbage.

00:04:10.160 That stuff doesn't work anymore.

00:04:12.020 Back when your parents were doing that, the savings account gave them 6-7% interest.

00:04:15.340 Now you don't even get 1%.

00:04:16.400 Pay off the house.

00:04:18.500 How much cheaper was a house in relation to their wages then than it is now?

00:04:22.440 It's insane.

00:04:24.040 If you actually try and make money by just putting money in a savings account and getting

00:04:27.580 a mortgage and paying off the mortgage, you're going to be broke until you're 60.

00:04:31.240 And that's not getting rich.

00:04:32.780 You need to be rich when you're young and sexy, like me.

00:04:35.700 Not when you're old.

00:04:36.640 Because nobody cares about the old dude in the Lambo.

00:04:39.000 They care about the young dude in the Lambo.

00:04:41.280 So everything you've been told and taught about wealth creation is outdated and wrong.

00:04:45.120 The key to wealth creation, everything has changed.

00:04:47.500 The whole game has changed.

00:04:49.020 And I even say to people all the time, the ones I mentor and coach, don't buy a house.

00:04:53.540 Rent a house.

00:04:54.840 They're like, oh, but isn't that wasting money? 0.77

00:04:56.220 No. 1.00

00:04:56.640 What's wasting money is buying a house, giving huge interest rates to a fucking bank, and 0.99

00:05:02.500 then tying yourself to one geographical location. 0.99

00:05:05.040 The reason humans are the number one species on the planet is because of our adaptability,

00:05:09.500 the ability to adapt.

00:05:10.800 I can go anywhere on Earth.

00:05:13.040 I can go wherever the money is, where the money resides.

00:05:16.700 If the money is residing in Japan, I can go to Japan. 0.94

00:05:19.480 If I need to go to Singapore, I can go to Singapore. 0.98

00:05:21.020 I can go live in Los, motherfucking Vegas. 0.98

00:05:23.640 Wherever I'm going to get paid, I can go. 0.99

00:05:25.340 And I'll just rent, rent, rent, rent.

00:05:27.320 Boom, boom, boom.

00:05:28.680 I ain't got nothing tying me down.

00:05:30.340 It ain't going to take years for me to buy or sell something.

00:05:32.940 I ain't got to worry about all the upkeep and property maintenance. 0.99

00:05:36.900 Buying a house is foolish. 0.93

00:05:38.940 Now, I'm not going to lie. 0.56

00:05:40.080 I do own this house because I want it to be exactly the way I want it.

00:05:42.800 But I'm rich, rich, right?

00:05:44.060 You aren't. 1.00

00:05:44.840 So you shouldn't be doing that shit anyway. 0.99

00:05:45.980 You do not need to buy a house. 1.00

00:05:47.080 It's one of the biggest mistakes you can make.

00:05:48.380 It's a psychological thing that your parents have told you.

00:05:50.740 If you own a home, if you own a home, if you own a home.

00:05:53.000 And then I tell people this and they go, oh yeah, but you can always rent it out.

00:05:56.740 You're going to spend $300,000 on a house so that you can rent out for $800 a month.

00:06:00.940 And then every time the boiler breaks, you're going to spend $500 fixing the boiler.

00:06:04.780 And they're going to damage your house.

00:06:05.980 And by the time they leave, you're going to need a whole bunch of repairs.

00:06:07.820 And they're going to be calling you all the time for hassle and stress if they even pay

00:06:10.580 their rent on time.

00:06:11.440 You think that's a good spend of $300,000?

00:06:13.460 Do you know what else you could do with $300,000?

00:06:15.420 Buy Bitcoin.

00:06:18.860 Revolutionary.

00:06:19.880 Your real estate could be on the blockchain instead of out here.

00:06:23.340 Because when it's on the blockchain, it can be sold instantly.

00:06:25.540 You ever tried to sell a house?

00:06:26.380 Takes years.

00:06:27.140 Ever tried to sell Bitcoin?

00:06:27.980 Takes seconds.

00:06:28.480 So this is the second reason you're never going to be rich.

00:06:31.680 Because all your ideas and concepts of how wealth is created are outdated.

00:06:36.360 Three.

00:06:37.400 The third and most important reason you're never going to be rich is because you do not

00:06:40.140 have a plan.

00:06:41.340 You do not have a plan to get rich.

00:06:43.860 Nothing good has ever happened on accident.

00:06:47.040 Have you ever met a guy who's just got covered in muscle?

00:06:49.220 He's got a six-pack.

00:06:50.660 You're like, hey, bro, how'd you do that?

00:06:51.700 You've been going to the gym.

00:06:52.660 No, man, it was just an accident.

00:06:54.600 Oops.

00:06:54.920 No, he built that body purposefully.

00:06:58.920 He did things specifically to get the result he desired.

00:07:02.500 He ate a specific way.

00:07:03.800 He trained a specific amount.

00:07:05.860 He knew exactly what he was doing.

00:07:07.600 Every rich person knows exactly what they're doing.

00:07:09.800 People who are making money know exactly how to do it.

00:07:11.900 You're sitting there saying, I want to be rich.

00:07:13.540 You don't even have a plan to get rich. 0.99

00:07:16.320 How the fuck are you going to get rich on accident? 0.98

00:07:19.760 How's that going to happen? 0.99

00:07:21.320 Oops.

00:07:22.040 I'm a millionaire.

00:07:23.520 Never.

00:07:23.840 So, one, you do not pay attention to opportunities in crisis.

00:07:29.700 Two, everything you understand about wealth creation is outdated and wrong.

00:07:35.000 And three, you do not have a plan.

00:07:37.640 Here's where I come in, Andrew Tate, because I have a plan for you.

00:07:41.980 So, we talked about my little Bitcoin story.

00:07:44.320 You can see the tweet here I put out.

00:07:45.880 I made 7 million, blah, blah, blah, blah, blah, blah, blah, blah.

00:07:49.000 I'm the man.

00:07:49.620 We all know I'm the man.

00:07:50.340 That's why you're watching my channel.

00:07:53.840 But there's something new in the world now called decentralized finance.

00:08:03.800 I don't know if you're familiar with that.

00:08:05.080 I am not particularly familiar with it.

00:08:06.740 In fact, I'm not that briefed on it.

00:08:08.100 I'm certainly not a technical dork.

00:08:09.340 I don't completely understand it, but I have very smart people who work for me who do understand it.

00:08:13.120 Because that's what happens when you're the boss.

00:08:14.180 You hire people who know things, right?

00:08:15.420 All those people who went to, you know, expensive universities, and I didn't go.

00:08:20.040 Well, except for the camera guy.

00:08:21.300 He didn't go to university.

00:08:22.100 It's true. 1.00

00:08:22.860 But these dorks who work for me, they know a bunch of shit. 0.99

00:08:28.200 And what they're doing is they're getting me a 30 or 40% return on my money. 0.99

00:08:31.640 So, I'm giving them 100 grand, and I'm getting 30% a year, 40% a year.

00:08:35.340 The bank doesn't even give 1%.

00:08:36.680 We just talked about how the old ways of wealth generation, putting it in a savings account,

00:08:40.520 they're aiming for 6% or 7%.

00:08:41.620 I can give you 30% or 40% if you get involved in our decentralized finance program.

00:08:46.040 So, if you want to know more about this, it doesn't matter if you have 5 euros.

00:08:50.480 It doesn't matter if you have 5 million euros.

00:08:52.260 You can get 30% to 40% on your money with decentralized finance, and I am happy to teach you exactly how.

00:08:57.240 All you have to do is as follows.

00:08:59.380 You have to comment on this video and say, thank you, Andrew.

00:09:03.120 And then you have to send an email to Cobratate News.

00:09:07.680 Cobratatenews at gmail.com saying,

00:09:09.100 I am interested in decentralized finance.

00:09:11.900 Do that, and maybe, maybe you stand a chance.

00:09:15.680 Because what I'm doing is, I'm giving you a new way to generate wealth.

00:09:19.220 In fact, I'm fixing all three of the problems.

00:09:21.500 I've identified an opportunity within the crisis.

00:09:24.400 The crisis currently being that GameStop is destroying Wall Street,

00:09:27.880 and Corona's destroying everything, and they've turned on the money printers,

00:09:30.480 and everything's gone a mess.

00:09:31.760 I've identified an opportunity, which is decentralized finance,

00:09:34.420 and making huge APRs on my money.

00:09:35.740 Two, I'm giving you a new way to generate wealth,

00:09:39.280 because all of your ideas are outdated.

00:09:41.180 So one, I've identified an opportunity.

00:09:43.220 Two, this is a brand new way to generate wealth.

00:09:45.400 This stuff is like a couple of months old,

00:09:47.080 and it's already made me $300,000, $400,000, $500,000. 0.97

00:09:49.880 It's fucking, it's brand new stuff. 0.97

00:09:51.420 I'm showing you brand new stuff. 0.99

00:09:52.720 And three, I'm going to give you a plan.

00:09:54.820 So the three reasons I told you you won't be rich,

00:09:57.280 I can fix for you.

00:09:58.500 I have your opportunity.

00:09:59.860 It's brand new, and it generates wealth right now, today.

00:10:02.380 No outdated ideas.

00:10:03.780 And I give you a plan telling you exactly how to do it,

00:10:05.960 even if you only have five euro in the bank.

00:10:07.580 I've just fixed your life.

00:10:09.900 What do you say?

00:10:10.980 You comment below, and you say,

00:10:12.500 thanks, Andrew, and you email me.

00:10:13.800 Now, maybe I'm a bit egotistical, some would say.

00:10:18.440 But I'm certainly extremely handsome.

00:10:20.300 We can all agree on that.

00:10:21.840 And I'm also very intelligent.

00:10:23.380 We can all agree on that. 1.00

00:10:24.600 And I don't like helping ungrateful motherfuckers. 1.00

00:10:26.640 So if you email me, 0.99

00:10:29.260 I want to know about decentralized finance

00:10:30.920 to corporateatenews at gmail.com.

00:10:32.540 You also have to tell me your YouTube account

00:10:34.400 so I can check this video and make sure you said thanks.

00:10:38.500 My women are arriving. 0.76

00:10:39.740 I apologize.

00:10:40.920 If you do not say thank you to me below this video,

00:10:45.060 I'm not going to help you.

00:10:56.820 Thanks.

00:10:58.340 Bye-bye.

00:11:01.780 Bye-bye.

00:11:04.540 Bye-bye.

00:11:06.900 Bye-bye.

00:11:08.440 Bye-bye.

00:11:09.040 Bye-bye.

00:11:14.300 Bye-bye.

00:11:17.180 Bye-bye.

00:11:17.780 Bye-bye.

00:11:19.920 Bye-bye.

00:11:21.920 Bye-bye.

00:11:23.420 Bye-bye.

Tate Speech - July 11, 2022

Tate on Why You'll Never be Rich

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