Grant Cardone. I always stay broke. I look at my cash

accounts every day and I try to get my cash accounts to zero every day.

I want no liquidity. Interesting, no liquidity. Now, I

will say that I have taken a leaf out of Grant's book and I move

things out of my bank account cash into things like...

What's the difference between people who are actually rich and those who are acting

Three businesses I would never invest in and I hope you don't too if

Hey! What do you mean don't invest into Amazon FBA? Look,

you do have to put in a bit of cash up front but as I said in one of

my previous videos, you got to put a lot more cash up front when you're going into

Shopify. Margin, of course, is extremely important. That's why I'm

Matthew Fraser, and this is Amazon Ecom

Secrets. I'll be sharing with you the secrets that helped me go from

millions in debt to an eight-figure entrepreneur. If

you're ready to escape the nine-to-five and live life on your terms,

let me show you the way. Today, we're gonna be doing some reactions videos.

All right, here we go. Now, make sure to leave a comment, okay? I

What's the difference between people who are actually rich and those who are acting

People who are actually rich, like E-rich. Oh,

They do not worry about what you think about them. That's true. I just said that to them. This

guy that you see walking into a three Michelin star restaurant in

a quiet, normal looking outfit, sweater

vest situation, eats his meal, leaves a 50% tip

goes to that same restaurant, dripped out in a designer label

is, you know, making us from Bali anyway, this water sparkling,

this is still I don't like that. Like, just, you know, really,

Guys, that is so true. I see this all the time, right? Those guys who

are just like prancing around wearing all their Bali, pretend Louis

Vuitton stuff, and they complain about freaking everything. But

this is true. The guys who are actually rich, who walk in,

that's wearing a black t-shirt, sneakers, you know, very, very...

Sort of in disguise mode. Hey, look, maybe they got out of

a Lambo I don't know but they're definitely not there to complain

and try and make a scene. That's for sure I'm probably gonna get a lot of comments now

like oh, yeah, you're fucking fake Gucci hat. Hey, it's fucking real Alright,

Three businesses I would never invest in and I hope you don't too if

you value your time. The number one business is Amazon FBA. There are

people on the internet talking about how great starting an Amazon FBA

What do you mean don't invest into Amazon FBA? I'm someone who's

invested into Amazon FBA and look, Combined

across Shopify and Amazon, I've done over $45 million in sales. So

let's just say even I have that, I've done probably $25 million in

sales on Amazon FBA alone. Do not listen

to this guy. What I will say though, is you've got to have the right product.

The truth is they leave the real talk. Super small margins, extremely

You need to put a lot of cash up front just to... Look, you do have

to put in a bit of cash up front, but as I said in one of my previous videos, you

got to put a lot more cash up front when you're going into Shopify. Margin,

of course, is extremely important. That's why you have to make

the right decision, which is in the right product. But

Finally, test a product without knowing if it's going to work. And then even

if you found a great product, your competitors will quickly catch up, destroy

your margins. And in fact, they could leave fake reviews and Amazon can

Look, that is totally true. I will give him that. You can get

fake reviews. Amazon can shut you down. But ultimately,

if I look back in time and I've been through all those trials and tribulations, I've

still made way more money than I've lost. And

The second business I would never invest in is a symptom demand business.

There is a huge red flag. There is a talent competition and plenty of

and the fulfilling companies. They're the real winners here. It's

a side hustle. Just

the idea of doing things on the side gives you already a major clue

Look, before he even continues, I would say, Start

a side hustle. That's how it starts. I started a

side hustle which ultimately turned out to be a 45 million dollar Turnover

business, so I've got to say it worked for me But

I what I will say though is don't give up your day job Until

your side hustle is actually making way more money than

I wouldn't say invest two hours a day. When I started my side hustle, I was putting in six,

eight hours a day. It was full on. And that's why I love Grant Cardone's book,

Be Obsessed or Be Averaged. Go check it out. So

why would you bet your money on the losing course? We're going into this recession

this year. You need to invest in a business that is simple, repeatable, and

can make you money up front. Rely on getting bunch

of product sales are going to have a hard time in 2023 because

Overall, he has some really, really good points, but fundamentally, I'm

going with Amazon as a winner. I've still made millions. Okey-dokey. Let's

If it's in the bank, why don't you go down to the bank this afternoon and get 50 Gs from them? Is

that hard? Impossible. Well, I've called them and they just said they

need time. Well, yeah. They need time because they're not carrying cash because they're fractionalized

banking. But try to give them 50. What will

they do? Come back, man. come back we can't

take this the banks they freak out you can't use cash anymore dollars in

cash off to a bank one day it's 7 30 in the morning into

their door and they're like uh love it you

don't have any security no and i'm getting on a plane dude you're taking this

money this came from you it's coming back to you they literally

had to shut the bank down they were so so nervous giving the

bank's money is becoming problematic and

for sure taking. What do you think one day if the banks just

I'm going with Bitcoin for sure. I love this guy, the fact that he dropped off $50,000 at

the bank. But he's right though, it's so difficult to

take money into the bank and get money out of the bank. Just

recently, I tried to get money out of the bank and the lady said to me, oh, we

need to know why you're taking the money out. The account was like

lawyer's trust account because I was buying a property. I

said, well, isn't it pretty obvious? She said, oh no, we've got

to put something down on the computer. And I said, hmm, what does the drop-down box say?

She goes, duh, duh, duh, duh. I said, oh, is none of your business on there? Bitcoin is

the play. Work against the banks. All right, guys, let's check out

Do you know who really are the entrepreneurs statistically in the world? The

C students. The C students. C students. I like to

work in the box. They don't follow rules. If something

is going to kind of be a waste of time, then they don't do it. When everybody

else is kind of running by the clock and the bell's going to ring, they want to get

the lesson done. They want to make sure they're more interested in

grades, where the entrepreneur is looking outside the window dreaming his dreams.

Yeah, so true. What am I going to do? He's

the one that doesn't see limitations. He's the one that doesn't

Totally. And that's me. I don't want to be told what to do. That's why I'm working

for myself. I'm not in a nine to five matrix being told by

the government what to do. But so true. I

found that in school, it was the guys who were the A

grade students who were real scientific in

nature. And you need those guys, but they're not entrepreneurs. Now,

I must say, I wasn't a C-grade student, I was a B-grade student,

but I was definitely looking out the window dreaming of what

could be. And what's so interesting is it's the people who

don't go to university. University is the biggest Ponzi

scheme in the history of mankind. Do not send your children to

university, ever. Not only that, it's

a big cesspool of lefty, radical ideology.

Bad, bad story. Alright guys, let's check out the very last one.

What do I do now? I could lose it. See, when you're broke, you got nothing

to lose, man. You're out there like, let's go. Let's hustle it. Let's go, man. I

I'm dangerous. You get a million dollars, you're like, wait a minute, I got to get a lawyer, man.

I need to get protected. That's so true. When I started making

millions of dollars, I actually, I wasn't, I wasn't thinking about, you

know, so much protection. I was thinking about how can I not pay, uh, you

know, how can I minimize my tax legally? Yeah.

That's why I hired an accountant. I said, surely now's the

time I can get a Cayman Islands account or a Swiss bank account. He's

like, yeah, you could get one of them, but you're going to have to move there. I

Not moving. And what you do is you start going into conservation. This

is what I do. I always stay broke. I look at my cash accounts every

I want no liquidity. Interesting. No liquidity. Now, I

will say that I have taken a leaf out of Grant's book and I move

things out of my bank account cash into

things like Bitcoin and property. Assets that

are working for me, not against me. Cash in the bank is working

against you, it's getting devalued by the second. Get your cash out

of the bank, put it into hard assets, just like Bitcoin. All

right, there you go, guys. That's the wrap up for this episode of Reactions. Now,

don't forget, leave some hate or some love if you want in the comments down below.

Thanks, take care. Thanks for tuning into Amazon Ecom Secrets.

If you enjoyed this episode, the best way to show your support is

to give a five-star review on Apple Podcasts and Spotify, and

make sure to subscribe on YouTube so you don't miss an episode.

You can also find more at I'm Matthew Fraser

on all social media platforms. Thanks so much. Take