How to Retire in 7 Years Starting w/ $100 [The Rule of 200]
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- Опубліковано 15 жов 2024
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Schools don't teach us how to build wealth. Instead, schools tend to help us get a job. We learn nothing about the two main phases of life and the tipping point that allows us to retire. The reality is, dividend investing and passive income will not help us retire wealthy. Instead, we need to focus on wealth during a specific phase of our life THEN focus on wealth once we've reached our "wealth target." This video explains the process of achieving this transition fast and starting with $100. It also addresses DRIP (dividend reinvesting) and other well-marketed "cashflow" ideas that tend to HURT our ability to retire early (ironic, but true).
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Which phase of life are you in and do your goals align with the Rule of 200?
Not a clue if the following quote does or doesn't answer the question appropriately, but it is succinct to where I stand at the moment.
“I am no longer accepting the things I cannot change. I am changing the things I cannot accept.” -Angela Davis
I'm tryingbtk build wealth.
I listen to all your UA-cam Videos since this whole Pandemic. I appreciate your insight! Your information is really helpful.
I'm still relatively new to the Stock Market but I was wondering if you would consider starting a stock portfolio we were able to invest in like a ETF??
Thanks again!
Keep up the good work!
-Ryan Mc
Can you make a video on investing later in life (or the name of the video if you already made it)? My situation I'm smart with saving and in my mid 20s was looking at IRA and Roth IRA...then I got sick and went on disability. NOW...within 2 years I can start investing and would like to learn more and not have to be a day trader, and have NO DEBT😁 (I've been hearing a lot about Fixed Index Annuity..what's your thoughts)
Kevin - You may or may not recognize my name, but I'm one of the thousands who've completed your investing course. I want you to know that you saying you had only 13 subs for 7 years was really appreciated, because my channel only has 13 subs and my views have been as volatile as the stock market amid COVID (most are under a 100, some are single digits, some get several hundred and I do SEO for all of them).
Meet Kevin I’m in the recent grad phase with student loan debt 😵
While trying to build income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $500k in a quarter of a year during high inflation
One strategy is to invest in assets that performs well during inflation. Another strategy is to focus on companies that have the ability to pass on price increases to their customers. Its also important to maintain a diversified portfolio. It may be a good idea to speak with a broker who can help you develop a customized investment strategy based on your individual goals and risk tolerance
I used to manage my stock portfolio by myself, all that time I did not make any significant returns (but also did not suffer losses). Then out of nowhere Covid happened, and I lost about 40% of my portfolio in a very short period. That prompted me to hire an Advisor. Since then I have been learning a lot about the stock market and I have made more than 150k
I've been thinking of going this route of using an advisor. Could you suggest yours?
I’ve shuffled through a few experts in the past, but settled with ‘BRIAN FRANCIS PEARCE’. The strategy they use is recession-proof, more specifically profit-oriented, and most likely, he's a renowned advisor.
He often interacts on telegrams with the user name below
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like an FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
Hi, please who is the expert assisting you and how do I reach out to them?
The broker I'm in touch with is Lisa Ann Moberly I came across her in a Bloomberg interview and got in touch with her. You can use something else. For me, her strategy works hence my result. She provides entry and exit point for the securities I focus on.
Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing
Invest in index funds. Something like VOO and as long as you don’t trade on the 24hrs market, you can buy partial shares. I buy 1/4 a VOO share 2x a month. Consistently. When markets are good- invest. When they are bad- invest. Don’t pick single stocks. (I bought some oil stocks and they have really grown in the last 6 months, but that was luck- not advise lol)
It took me 47 years to figure this out, I’be always been an advocate of investing and I’m glad I started when I did because it has paid of handsomely and my retirement doesn’t look bleak anymore.
Great for you! You can’t overlook the fact that it’s paramount not to get greedy but remain invested by careful study, take chances and most importantly remain patient with the market.
@@Halllaand The dangers can be curbed once you invest with a reliable FA. You are pretty hands off other than the routinely monitoring of the market. You can divest as long as you have a trustworthy broker guiding you through your trades. I trade with Clemans and I’ve not had any reason to complain because I’ve been able to make returns from my investments.
I’ll leave you his mail where you can write him if you don’t mind. Leviclemans@gmalcom
same
Great! Good for you!
So happy younger people are learning this early. Took me 62 years. But never too late. Good teaching.
Preach. I wonder why schools don't teach this... Then I realized that if everybody was financially savvy, the gubmint would no longer have perpetual wage slaves
Well said, in same boat but who isn't ❤👍💯
Gubmint/corporations
@@SuperKenndog Makes sense as it forces an individual to seek this kind of knowledge. Though the condescending attitude of these education facilities is pretty fucking funny once you’ve figured out The Game. :p
Take care ladies & gentleman! I wish you all the best! Stay hungry
@@SuperKenndog keep your children away from schools. They're run by the government and big businesses. Homeschooling is the best options for society.
Here's another tip. every time you want to buy something from Amazon, buy a share of a stock equal to what you were going to buy.
Hans Aramburo or become a reviewer and get your amazon items for free
@@allysezz6420 not down with that. Hard to be impartial when the company is reimbursing you for the item.
Hans Aramburo but so many other people do it even amazon has started offering reimbursement for reviews. It depends though if you want to review if you want to review it takes time and you deserve at minimum the items for free but you should also get some kind of commission and agree with the seller before hand that you do not want to be bogged down to a five star review
The Chill Element how do you do this
@@susanpotts2187 who is this
"The man who buys what he does not need steals from himself."
Balance is key. I've seen too many people live like they were broke to save and invest heavily, only to die a few years into retirement. Live for today at the same time as your prepare for tomorrow.
Is that from Richest Man In Babylon?
@@anthonywinshell3021 wow that's impressive, i have heard so many testimonies about this broker lady how can i connect with her ?
@@anthonywinshell3021 Thanks for the information i found her website and her reviews is very impressive. Have sent her a mail waiting for a reply.
Fuxk I felt this.
This is exactly why I started a business/entrepreneurship program at my high school to teach students about working towards financial independence. Great content as always.
Thanks>
+1•8•5•6•2•5•5•7•4•3•7>
Thank you for doing so!
"Beware of little expenses. A small leak will sink a great ship."
A battleship can survive a bad torpedo hit if the damage is worked on early, but will sink to the bottom slowly, but surely if put off.
Ordering out food once a week. Costed me 1000$ per year. If I invested that for the past 10 years and kept investing it in index funds in the next 10 more. I'd be retired by 40yo...
@@jeff2all not if you maintain water tight integrity.
@@FearlessCaper1 a true sailor!
Every 5 dollars the girl knows I have, she want 6. =small leak...
I’m a dividend investor, My wife and I have invested in the S&P500, both through my TSP with the government, and through Fidelity in her 401-k. Cashed out 270k from the S&P and invested with a Financial adviser, Jane Marie Kunak. Until around 3 years ago we were 100% in the s&p after over 30 years. I'm retiring at the end of this month at 62, while my wife will retire next year at 60. We currently have 3.7 million in our tax deferred savings..
Found her webpage by looking up her name online.... Her resume is quite outstanding, I'll be writing a mail to her shortly. I'd like to make consultations to build my portfolio
I'm playing the long term game with a well diversified investment portfolio. By the way, I googled the lady you mentioned and after going through her credentials I can tell she's a pro.
LOL these Nigerians are getting good
To 1% of the people reading this, hope you are having a great weekend & keep focussing on your goals :)
You too!
You as well my man 💪🏾
THANKS, YOU TOO :)!
Thank you
U2
@@scot1t34
;)!
Boy I’m glad I found you bro. So I’m getting a late start but at least I’m starting. Have a great weekend everyone
Same here brother.
How have you started though, just by watching?
Yep, growing up my dad was and still is a mortgage lender but as I grew I saw a lot of mistakes. To be honest I’ve made my fair share too. The biggest take away is I learned what not to do and because of seeing what large amounts of money can do to people I had an inherent fear of being wealthy, I just shake my head sometimes thinking about what I’ve seen. I’m now at a point where I trust myself regardless of what friends and peers may think. Also, that being wealthy is okay so long as your heart and mind are truly in the right place. I really believe Kevin. I spent 25 years working in retail and was alway one of the best in the companies I worked for. The 1 reason I was successful was that I was authentic I NEVER sold something to someone they didn’t want or need. In fact most of the time it was just teaching people, and that’s why I believe Kevin. He just teaches people and I appreciate it very much.
Amen!! Me too!
@@DH-jk5fx money can really change ppl. It's the root of all evil. But being wealthy at least you don't we worry on how to pay for things you can sit back and enjoy life.
Kevin has opened my eyes so much and I'm 39. Started investing 9 months ago. I've put in a total of $350 and I'm up to $2700. Pretty happy about it
Can you toss some free investment advice bud?!
@@coins8602 Tesla stock doesn’t pay dividends
@@stephengardner6870 This is a scam. Do not message this person.
That's great man... Only got into the stock market last year during the pandemic and I'm 80% up. It's so fulfilling
I’m 38 and on my second year of owning a business, it’s still it it’s infancy but with my full time job still in tow, we are gona pay the house off as quick as we can and start portfolios for both my wife and I and our daughter who is about a year old
Thank you, Kevin. I just shared this with my son. I am at the "oops, I screwed up" phase of my life but I don't want my son to make the same mistakes I did.
Thanks for the comment
Get your self in to cryptocurrency (Bitcion & Eth )and make good return
Never too late 😊
You’re my favorite “stimulus check” UA-camr Kevin ..... Have a blessed day!
Esther Bradley ditto!
Bigg fact's
I agree
factss
I can’t wait to watch Kevin everyday because he breaks it down so the real people can u sweat as what is actually goin on
my goals align with simply replacing my working wage.
My Journey:
started in 2019
Phase 1
-Figured out my budget
-Paid off all debt ( only use credit cards for things I actually need and pay them off to collect points..... points = free stuff)
-saved emergency cushion.
Phase 2
researched and built a plan for dividend stocks and set a dividend goal.
Phase 3 Invest, invest, invest
-started with high yield monthly dividend stocks to goal
-after goal use dividends to buy blue chip stocks that pay quarterly dividends
-currently making 386/month with a 30k account and growing.
Hi Nathanial Combs 🤗 Thanks-4-Sharing.....!!! Hey What's In Your Holdings for you to be getting the $386 a month 🤔 Hmm Which Companies & How Many Shares of Each that would be needed In-Order Too Get THAT Amount???
Something people forget about dividends is they also make one hell of a nice supplement to your income when crap happens.
@@scurvofpcp very true.
Great Job!
The concept in this video is basically a version of the FIRE movement. I actually did a video on the Financial Independence Retire Early (FIRE) movement that might be helpful to you.
I’m 59 with no savings, investments or a job. I’ll keep pushing.Better late then never
You got this my man! Keep us updated
When you get some money invest in Etherum crypto. It’s going to 10k by end of year. It’s 2 k now. I been following stock Moe and have made 20k buying stocks and crypto. This past 12 months. You can do it!
Dividend stocks are good too. Buy a book on dividend stocks
@@PínnédbyMeetKevin-i8o You fake! Stop acting like you're Kevin. FAKE AND SHAME ON YOU! Beware of these scammers everybody!!!
@@Sunbeam298 Which app do you recommend to purchase crypto?
@@deemoe494 it’s a scam
This was the most encouraging video I've seen. I'm so appreciative of the method and style you used to put this into humble perspective. The was amazing.
+ 4 4 7 4 5 1 2 3 8 6 0 2W,h.a.t s.,a,p,p me
🇬🇧 viewer here, it's taken me so long to click on one of your videos but so glad I started with this one. This is the content I have been looking for to forward to my 15- year old sister so she can get the head start her older siblings didn't.
I appreciate educators such as yourself taking the time to explain things in bitesize chunks as those who are just starting can get overwhelmed.
Knowing that I am arming my kids with this knowledge gives me a great sense of peace.
Thank you 😊
Dude, you are changing the game for me. This guy gives the most direct, actionable, real world information I think I’ve ever seen.
I love him
It's nice to hear from someone who makes this all understandable I like this guy.
Kevin is a hustler with brains and great content, most people are intimidated by that. Keep it up Kevin!
Try reading The Richest Man in Babylon. It will clarify this greatly.
big facts changed my whole way of thinking
In 1998 I worked for a guy named Mark in Ventura and saw MArk buy houses for 200k-500k each over 7 yrs with leverage same way as Kevin and now is retired with > 15m and no debt . What an amazing work ethic and energy Kevin has - great work - I’m now buying my sending home after many years of sideline watching and will work on next deal after this one - I’m 50 years old and these videos from Kevin got me in the game - Thank You bro
If I’m not retiring in 7years from this date on I’ll be back 😂
🤣
🤣🤣🤣 same
@Sir Theodore the Third yeah :)
@Sir Theodore the Third wtf move to América then
12-20 years more likely.
Here's the kevin strategy: put that 100 bucks in robinhood, take a margin loan for 100. Then go to the car lot and buy a tesla with 200 down. Then have your lawyer move some stuff around so you can get a bank loan against the tesla for 30 grand. Theyn take that 30 grand and use it as a down payment to buy a 500,000 dollar house. Then paint the cabinets and your set.
🤣🤣😩😩😩
Lmfaooo😂😂😂😂😂
wHATA ABOUT wEBULL?
😂😂😂
Hahaha brilliant!
Your attitude lately has been straight forward less you know fluff. But I feel like this is one of your best honest take and actually quite inspiring videos. Like hey it’s takes time. You have to grind away at it. I’ve been watching for about 2 years now and you’ve definitely got a lot better at this. Thank you sir and I will continue to share and support
Thanks>
+1•8•5•6•2•5•5•7•4•3•7>
Kevin. You helped me put over $8,000 in my bank in the last 10 months. You are by far the most valuable UA-camr ever imo. Thanks
Can we get basic finance as part of a school curriculum? If 14 year olds were taught this stuff, everyone would be financially independent. I’m 26 and I only just realised the power of things like compound interest. If I’d know about it at 14 I’d be rich rn
Bro I'm 33 and I just found out a few months ago don't feel bad.
I am 27 and I just realised now
It’s not too late brother let’s start today good luck everyone 🙏
That’s why they don’t teach us this, they don’t want us to be rich
If everyone was financially independent no one would be
Well if everyone knew about it we wouldn't have any wage slaves working to keep society running. Unfortunate truth is that if everyone retired off passive income before the age of 30 our entire world would collapse
I'm currently 29 and I'm thankful to you Kevin because of your willingness to prepare valuable content through this youtube channel. Thank you for sharing your knowledge and your experience.
Thanks>
+1•8•5•6•2•5•5•7•4•3•7>
It is amazing how little practical information schools teach us. Thank you for this. (Nice Danelectro on the wall...) Best of luck on your campaign for Governor.
Thanks Kevin! Step one and two are complete! I loved the post it note idea and it’s on my mirror! My goal is to be financially free in no more than 9 years, so let’s go!! 💪
Thanks Kevin. I’m going to be watching more and more of these videos because I need to take charge and make my money work for me. I’m 46 and was raised without good money guidance. I can do this. Just keep these kinds of videos coming.
*Thanks for watching and don't forget to hit the...….. subscription button*. *{
After watching this and doing some quick calculations, I realized I'm already 1/3 on the way to having $1,000,000 saved, suddenly that goal seems pretty attainable! 🎉
Go-go-go!! 🙂
Great video . I am retired and have income of 5500 a month . Worked hard . Retirement is fantastic
ya, most of your generation had it real good. Anyone Born in the 40's you got to see the prosperity of the USA being the world supply chain after being the only country in WW2 that didn't get bombed or have an army invade. Problem is democracy and capitalism although being great can also lead to massive corruption like now.
Premier Motion Analysis
No. I was born in the 60's and worked my butt off to retire . I worked for 32 years self employed and worked three jobs and invested . Raised my sons by myself and deserve the time I put in . Corruption existed than as it does now . Just different generation and people .
@@annetterogers5769 Great news...Same as me, worked 32 years and have come up ok but I still have a ways to go before retiring. But, being born at that time 40's, 50's and the 60's as a stretch, were when the USA was still dominent in the GDP game. Supply Chain. We had it all and were developing most of the worlds products. Glad you were able to do with the opportunities what you needed to succeed. Not so much for a lot of people now.
@@dangarcia6760 shut the fuck up with the whining and excuses it’s sad
@@dangarcia6760 you can like double your money in stock market in months nowadays. Not possible before. There are pros and cons.
Great advice! Imagine how valuable it would be to teach kids this in school.
Luckily, the internet has Kevin 🙏👌🤙
I teach 6th grade math, I will teach this knowledge when I can.
@@JV-re8gl good stuff! Math is the perfect subject for it. Simple math relating to finance will make it interesting and valuable 👍a 6th grader taking advantage of compounding interest will be WAY ahead
Dm me on w h a t s a p p m e+1
-4-4-0-7-3-0-8-2-3
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
Who plays a pivotal role in propelling your success forward?
Good message .. and I think the most important thing is to JUST START saving/investing. I used to work in the game biz and there was a QA tester who was saving his 401k at 21... the guy is killing it now because he saved so much more than everyone else at that age.
*Thanks for watching and don't forget to hit the...….. subscription button*. *{
Whoever is reading this I wish all the blessings you’ve been waiting for come your way. 💯💯💯
Same to YOU!
🙏🙏
Ty kindly... Same to you & yours
Having multiple income sources is very crucial to financial growth.
I realized the benefits of investing during this Lockdown. My source of income had previously been my job. But I lost my job when the pandemic started and I had to live with the little I had in my savings which really affected my plans.
@@repliedbajapanesewithhanak6676 Unfortunately having a job doesn't mean security. So I really appreciate Expert Rex Coleman transparency and help on my trades.
I came across this name Expert Rex Coleman, when I was really looking to start up some investments. But I wasn't given much information about him.
11:28 is when he starts talking about how to get started. The rest is just fluff
real MVP
Some heroes don't wear capes
You have the best name I’ve seen on UA-cam 😂
do this and 1.5x to save more time!
MVP
I didn't start thinking like this until my mid 30's. I wish I had learned this in my early 20's...I started at about 36, 50 now and a millionaire. I would be a multi, multi-millionaire if I had started in my early 20's...
Do you recommend a 21 year old to invest in mostly stocks or do half stocks and half Roth IRA
@@spiderguy4055 do both if you can afford it.
@@richfarfugnuven6308 but if you have say 1k dollars would you mostly do stocks then when you get like 50k do half and half
@@spiderguy4055 yes, at your age be aggressive because you have time to lose and gain money. Go aggressive at your age.
@@richfarfugnuven6308 thank you! And also I’m confused if I want to have passive income from stocks in the future let’s say 20 years from now, should I invest in dividend stocks right now aggressively or individual stocks with potential upside by doing research?
Hard work pays off this man is living proof!!
Thanks, Kevin! I am in that process right now. I have my eye on some real estate and have a goal to retire in 15 years. It would be a blessing to do it in 7! Indefinitely shares this video with my sisters. ❤️
Thank you for watching
so all i need is 200k and i can retire like a king in Thailand with 1k a month? Sold!
Can I borrow 200k?
Buy 10000 shares of SNPW Sun pacific on etrade I bought at 4 cents and they are at 8 now.. hurry before its too late
@No Commentary Gameplay Good point, both those things in Thailand are usually questionable..
@@mariomacri262 I wish i took your advice, its 17c now
Hey!!! That's my plan. No, seriously it is. I'm only $50k away :)
I ponder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 9 years closer to my retirement schedule.
You can start looking into investing in the stock market, it's one of the most liquidated market in the world with no limit to profits and in less than two months you should start saving in a bigger volume.
you should definitely look into the stock market and isn't like any other work as you must learn the basics and then practice before engaging in real time. Fortunately, You can benefit handsomely from an investment adviser's guidance ,while you make a lot of profits.
@@latoriamartins4643 Hi, Ella how can i come in contact with a investment adviser who is reliable and knows what he or she is doing?
@@mrmoore2485 ok that is really cool. i really cant drop the contact info of the professional i work with but her name is Maria Leda Goebel, look her up onlin and probably take it up from there.
Bitcoin. It's never too late.
The fast and easiest way of making money in the world of today is by investing in crypto currency.
Exactly! It's never too late to start, that's why I'm watching how to trade option and equity
Trading with an expert in the field is the best, have been making a huge returns from my investment since I met Linda Howard one of the best in crypto currency investment.
Been watching you since around 30k subs now youre up to 720k. Congrats man, keep educating/entertaining Kevin, best one out there!
*Thanks for watching and don't forget to hit the...….. subscription button*. *{
Great video! It is never too late to learn. I was not taught finances growing up. I had to figure it out the hard way. After filing in my 20's enough was enough. I started learning on my own in my 30s because I got fed up with living pay check to pay check and nothing to show for it. I started learning about how to budget, save and invest. Learning and using 401's, IRAs, Stock, Bonds, REITS to invest. I keep learning and try to give back by sharing knowledge with family and friends.
Thanks for the video Kevin, this is what we want, we’re tired of hearing about stimulus news.
Posted 5 videos yesterday. 2 on stimulus and 3 not on stimulus. Compare the view counts :(
Meet Kevin yeah but videos like these actually help the ones who are SMART and who are really trying to be dedicated to an idea or goal that will skyrocket their finances. People don’t wanna see hear watch these because MOST people will NOT be successful because of the lack of motivation, and ambition. Edit: so my point was, you get more views on the stimulus ones because it gives them (the majority) ideas on when they’re (government) gonna give them free money. #sparechangeplease?
Meet Kevin I totally understand you, and I think you should keep making those videos since that’s the trend rn, but you and I both know those viewers r only here until this pandemic is over, don’t you think you should at least make a video a day to keep your loyal viewers?
@@MeetKevin Keep doing what you have to do to build your channel man. We're here for you
Just find a clever way to put the word stimulus in every title? "Personal Stimulus Checks by Investing in Stonks w/Webull" or "Self Stimulus From Buying Real Estate" etc.
7 year ago It was easier to invest and buy homes for 1/3 of price than today. 80k home 7 years ago is now 250k. Hardly have any cushion with high payment .
Thanks Kevin! Using your rule of 200, I'll be able to retire when I'm 200.
I became a millionaire last year at 30
Jermaine Young how?
Deborah Reed real estate and the stock market. I talk about it on my UA-cam channel
Congrats, man. I started later in life; I plan to be a millionaire around the age of 40.
Congrats 🎊
Schawnetta Robinson Thank You
Great video!! My teenage son wants to be an entrepreneur mainly real estate investor. I am helping him with useful info like this channel and put my children as an authorized user on my cc. I also make sure that their financial education is drilled into them..i homeschool them to become entrepreneurs in life
Thanks for the comment
Get your self in to cryptocurrency (Bitcion & Eth )and make good return
Great insight as always Kevin. Rule #1 Build your wealth. Foundational is most important. .
This is great, lately I have been getting passive income from weekly crypto and stock trading, it has changed my life, I was really doubtful at first
I trade with Larry Kent Nick, he manages my trading investment and is consistent in providing me profits every week
Mr. Kent has good connections with big investors as he works in the Crypto market, so finding a partner won't be a problem. I'm almost working on it during the unification process
Contact him on Instagram
@ Larry Kent Nick Trading
how?
Lowkey I really appreciate this. This should have been taught so many years ago...
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Wow. This channel has changed so much in just 2 years. I must say I prefer the T-Shirt-Kevin look.
I can totally relate to the real estate topic. Bought a house for 170k @ 3.0% , appraised at 195k. Invested in remodel about 9.5 k. Rented it out at 1600k a month. Profiting 300 a month after paying off the 9.5k investment
Honestly my idea of doing something fun is buying more stocks hahaha, I love numbers and seeing the numbers go up gives me joy
Fr! Ever since i got into stocks the funnest thing to me is going and buying into some innovative company and seeing growth, it's honestly like your stocks become your babies when you keep up with them lol.
@@joejoeyoyo1222 no kidding lol it feels like youre contributing to the growth
try skiing lol
This is why people love men. Kevin is very humble and kind and sharing his knowledge to less fortunate and people who didn’t come from a family that has an edge in wealth building. Superb job.
Thanks for this information. I’ve watched two of your videos and am now subscribed. I’m starting late but have a unique position where my income has dramatically increased and my cost of living is decreasing so I am starting to invest and pay off debt. Your wisdom and experience will be very helpful.
Kevin, I am loving your real estate videos. You're absolutely killing it! Keep up the great work. 👊
I shared this with my adult kids. Hope they will watch it and buy post it notes. And start building their wealth. Thank you Kevin .
This is incredibly simplistic. No tax(ira/401k) or inflation effects taken into account. It’s still a good starting point for people who don’t save/invest, compounding is magical!
LOVE this!!!!, mindset is everything, and there's so many ways to make money online its ridiculous and in my opinion there's literally never been a better time to get started on stocks than now, as for me the past few weeks has been literally printing me money! Especially since majority of people are stuck at home nowadays, so its a great time to double down on your focus while most people just lope around and watch Netflix.. use this time to build your empire!!! 💪🔥🤑
The wisest thing that should be on every wise individual's list is to invest in different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard.
@@walter.dlawson2580 LOL we sure do
@@chrisanthony3560 I don't actually.. i've been working with someone who changed my idea about the stock industry and how it works..I invest with the guidance of Lucy Maria Koss, I came across her on an investment webinar, just search her name online to know more about her. She has a website, you can reach her from there ..cheers
How much was his wife's family worth when he married her?
@Meet Kevin Yeah, gambling is great when you win. Generally, anyone claiming to be rich AND claiming to need YOUR money is not someone deserving of it. Oh and who the FUCK are you calling low-quality tenants, asswipe? BTW I advise men on how to avoid LOW-QUALITY WIVES. Looks like you missed that course.
Kevin this is great stuff. Thanks all the way from Australia!
Very informative, In my opinion, if I had a mentor growing up, that would have helped me dramatically. Sadly, the school system pumped me out with absolutely no valid skills and now I find myself "figuring" it all out myself financially. One day I hope to teach my children about wealth.
Find a job that you like. Once you have enough money to retire, you just keep working, because you picked a job that you like, so why should you stop?
Doing a job you hate just to retire is the wrong way. It's your life, enjoy every year. Not just the last bit.
Makes much more sense than deferred enjoyment.
From what I've seen most don't enjoy the "last bit" i am starting to avoid the elderly all they do is dump their resentment on you and complain .
I'm old
I'm sore
I don't get to see my kids
I don't get to see my grandkids etc
complain,complain and complain some more ugh.
There isn't a job a like, I tried many. I just like to play games and watch Netflix with my gf. I had many jobs, some better than others and sometimes I would like them for a certain period of time, like when I was an actor was cool, but we had to wake up too early and I knew it was unreliable. I saved enough for two sabbatical years in a small town near the Amazonian Forest, I love it, I can just do whatever I want.
55 year old retired government worker receiving a $250,000 pension plus extra benefits for life
"How to retire in 7 years starting w/ $100"...Step 1: Make a lot of money...Step 2: Invest a lot of money.
Wow! You are such a GENIUS!!! You are so smart about everything “financial”! Thank you for this video, I wonder how you find the time to help all of us with these videos! You are a very good hard worker! Theres a saying.... behind every Great man, theres a Great woman, your wifes probably a good worker also!! You & your family are Amazing! Thank you :)
Thank you sooooo much for mentioning investment into education 👏👏👏
Hey Kevin, I am also an immigrant from Germany and buying my first house in my second year in US.
I'm not sure what we did correctly but me and my girlfriend bought a house and we have lived in it for about 3 years. Now we have people asking us to sell at a 200k above what we bought the house for.
You got lucky.if you can find some where to live I would cash in in that deal it might not be here a year from now.
Hope you didn't sell lol, housing market is insane right now
@@ethanschaefer8327 still have it. Prices just keep climbing.
Congratulations on your success. I’m 44 and this is inspiring me to reach my retirement goal of 52.
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I’m so glad I watched this video, I wish I could have seen it before I turned 18 but that’s how it goes, thank you Kevin!
*{Appreciate} the review!!...*+°•1°•8==4°•7°•7={5°•6°•1•°5==6•°4
WHAT]]A]]P]]P]]M[[E
I shared it with my son... thank you Kevin!!!
*Thanks for watching and don't forget to hit the...….. subscription button*. *{
Kevin, thank you so much! Everything you mentioned here is true. I possess a master's degree, but never have I learned any of these things in school. I have a pretty decent income, and yet I find myself being unable to save or create wealth (living in California certainly doesn't help lol). Most videos I watch talk about investing money and living off of dividends, but I always end up asking myself the same question, "how can I make my first couple million so I can start investing?" Everything I learned here sounds fairly doable and is definitely inspirational. Thanks a lot! Just started following you last night, and looking forward to seeing more of your content. Thanks!
Great video, thanks for the advice!
Thank you for watching
I wasn’t sure if he was going to talk about taxes later but luckily he reassured me every 20 seconds
And when you increase your cash flow, most of us spend more and increase our spending.
Me: *Looks away*
*Thanks for watching and don't forget to hit the...….. subscription button*. *{
Thank you for this!! I grind so hard. But my problem is wasteful spending, and not being my own boss. I now have a new plan. And will be investing my first $100 as soon a I get home from work today!
Thanks for the comment
Get your self in to cryptocurrency (Bitcion & Eth )and make good return
I am addicted to this post Kevin...I personally have watched this video a gazilion times
I have met a guy with a net worth of around $500,000 who had cash flow of $15,000/month. That was from rental properties.
I don’t agree with diminishing the benefits of cash flow.
My wife and I started investing in real estate when we got married. After our 2nd rental buy, we realized how much money realtors were making. My wife got her real estate license. That was about 7 years ago now. Our cash flow (even during this pandemic era) is great. But we’ve been strategic about our passive income. We still live off of my salary and invest most of our monthly cash flow. The net worth is great but you’re right. Cash flow is just as important.
Kev you mentioned that you can avoid paying taxes by doing a 1031 exchange from a wealth building property to a cash flow producing property. Can you provide an example of what this would look like in a video? I think it would be beneficial. Great video btw.
Yes, please provide example
I third the request!! TY in advance. #HumanRace #Kids2 #JusticeforGeorge #BLM #Enough 🙏🙏🏾🙏🏽🙏🏼🙏🏾
Yes
Excellent video, No BS, just simple facts.
appreciate your review, do you experience difficult trading text number below.
+1(469)551-3291)
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
I had been living under average financial earnings until i came in contact with a professional broker Debbie investment. Life have been better afterwards.
Bitcoin and cryptocurrency have been making millionaires, although people are still having losses due to lack of experience, that is why it is advisable to allow a professional handle your trade. I recommend Debbie investment platform she is trustworthy.
The profit in Debbie investment plan shows how selfless she is, and her expertise are wow.
All thanks to my friend who introduced me to her investment.
I don't know so much about BITCOIN, someone should please explain how to get in touch with this Debbie investment?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.
Great tips! Keep educating about real estate - it makes such a huge difference. All about that long game 🏡🏡🏡
This is such a generous thing to do. You're a good human!
Retired with a 7 figure portfolio and received about $53k in dividends. I have been in the stock market for 20years. Am I worried? Am I selling?
Absolutely not. I have purchased growth too a little time over the past few weeks. I am going to sit back and observe how all this plays out, adding more at a time. My investment strategy actually calms me down. Eyez on the price, stay on the course!
.
Recently I got into financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investments as it interests me. Hoping to get to your level someday.
@@Mason-vz2kl
I’ve been working with some one who changed my idea about the stock industry and how DGI works…. I invest with the guidance of Mrs Delia Luna , I came across her on an investment webinar, You can look her up. She works for a known trading company. Deriv
@@steven5650 .
@@Mason-vz2kl Oh. You don’t need to worry about that. I have known her since Early 2020. She’s a verified register broker.
Real question is should I retire in one year and move to some third world country?
nicholas dean Go, just do it! You only get to dream once then it’s 6 ft. Under for a hell of a long time!
i can retire in mexico already. but 3rd world countries are not as cheap as i thought, depending where, but a nice mexican city i would need half the money to retire
"Third world" so disrespectful.
@@ddo920 how?
You should visit other countries, live there for a month or two and see if you like it. There are some great places to live with nice weather, wonderful cultures, and friendly people.
I've been watching this channel since the early days and the transformation is real
In summary, the key concept to understand is, we'll talk about taxes later.
What are taxes?
Texas!
But later
Interesting take on cash flow versus wealth. You seem 100% focused on wealth growth, whereas I am the total opposite. I’ve had 2 real estate deals that have given me very little wealth, but produced thousands of dollars a month in cash flow that I can actually use today, rather than only be able to access it if I sell or refi.
Nice that's what our construction company is doing with some projects now but definitely need to have the long term growth as well
What a great new direction and such a cool topic for your channel can't wait the next one.
Oh wait this was from 2 years ago... 😮💨
This video hit hard for me! This was our first year in stocks and we made the silly mistake of day trading ALOT. Sure we made money but damn we are not looking forward to tax time. I am now working on my portfolio so I believe in all the companies I invest in...key word INVEST so next year we HOLD and grow our wealth. HUGE Thank you 😊
the $5,000/month today is the $30,000/month 30 years from now you will need to live
Good advice! BUT... the word "wealth" needs to be defined...
To get $5,000 a month in retirement, we'll need to have $1,000,000 invested in a product (such as stock) that will NET us a 6% return.
That's the tricky part, we'll actually need more like 10% to pull off $5,000.
AND... you'll need to also subtract any percentage of debt... like a mortgage. To retire, you'll need to be mortgage-free on your primary residence, right?
Wow, this FAKE@Meet Kevin is still trying to scam people? Sheesh. Take off eh? REPORTED!
Brilliant advice, its amazing how much I learned from this in a few minutes, thank you very much!
So nice to hear about her
She is very good
@@harrisonfredrick4579 i invested with her already
THIS IS A GEM! Thanks Kev!
Dm me on w h a t s a p p m e+1
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LOVE THE NEW LOOK !!!
*Thanks for watching and don't forget to hit the...….. subscription button*. *{
I must have dozed off; how do I retire in 7 years starting with $100, again?
Start with $100, then put a lot more money in.
he meant starting with $100, saving enough over the years to buy and OD with fentanyl, to be able to leave this "worker's paradise" painlessly. That is the best possible outcome for most of us. Don't believe me? Wait and see, mark my words.
Thank you..I needed a laugh today. My plan..never retire..the world will implode and we will vay cay in FEMA camps
You take your $100 and buy rich parents and wait for them to die in 7 years (one way or another) and inherit your retirement.
I'm with you. I felt like maybe I forgot to pay attn.