Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1.25m in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Just wanted to say, ‘Carol Vivian Constable’, my CFA, is the real deal in his field. Dig deeper into her background; she's got years of experience and is a goldmine for anyone diving into the financial jungle!
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
I have been stumbling my way into figuring this out. I knew real estate was a wealth builder and I finally captured my opportunity to do so in 2022. However, I then learned that i did it backwards and should have either purchased or started a business first. But I didn’t know anything about that world until last year 😩 now I am trying to learn about private equity, mergers & acquisitions, or just building a business in general… Better late than never I suppose. I know getting in the right rooms (be it digital or actual) is also key… thanks again for another dose of CLARITY!
same here. But 6 years ago my wife & I started buying rental properties. The way that tax laws allow you to write off so much loss makes it a no-brainer. So easy to realize $100k in real estate gains even on a basic property vs leveraging stock market investments into $100k of profit.
Left out the stock market. I have a friend who is 102 years old and she has 10K shares of LLY at $905/shr which is over $9M. She and her husband bought 2,500 shrs when it was around $2 a share and then it split 2 for 1 several times. When she and he and her husband saved $5K that they felt they could "afford to 'lose" they decided together on a stock to buy with it with plans to never sell it, even if it went to zero. They did buy blue chip companies when the stock price was depressed. I don't know that I would suggest a buy and hold strategy anymore.
Most today invest in the stock market via mutual funds or ETF’s rather than finding that needle in the haystack stock. The other is that your friend invested as the American economy was expanding following WWII.
The stock market falls under the “businesses” category. However, public markets are a long term play. For example, your 102 yo friend has been invested for 40 years and is now over 100 years old. Interesting to note that LLY is up over 50% this year as a runaway 2024 success. So half that $9 MM I’d 6 months old-after decades of patience. If your friend had an advisor at any point along the way they would have told them to diversify out of such a concentration in one stock. Privately held businesses are more a 3-10 year play, and the empirical evidence suggests, with significantly higher IRR. Using cash flow from your own business to buy shares of other businesses and other cash flowing and appreciating assets, is the over arching point here. Public stocks fall in this category but require a longer horizon. I very much own stocks and was even a stock broker at one point of my career.
@@Filmstarindamaking Here’s a summary in 10 bullet points: 1. **Introduction and Background**: Walker is a bestselling author of "Buy Then Build" and an advocate for buying existing small businesses as a path to entrepreneurship. 2. **Financial Freedom Concept**: True wealth is built on the balance sheet, not just cash flow from a job or stock market investments. 3. **Business Ownership**: The primary path to wealth is through business ownership, including buying existing companies or investing in other businesses. 4. **Real Estate**: While real estate can be a wealth accelerator, Walker believes the potential upside of businesses is generally greater than real estate alone. 5. **Intellectual Property (IP)**: Investing in IP, such as films or video games, can create significant value. Walker highlights his experience as an executive producer. 6. **Balance of Assets**: Successful wealth building involves a mix of tangible (real estate) and intangible (IP, businesses) assets. 7. **Private Capital Markets**: Investing in private markets can lead to outsized returns compared to traditional investments. 8. **Asset Classes**: Walker focuses on three asset classes: businesses, real estate, and intellectual property.
What I do in these cases, I copy the link of the video, I paste it in ChatGPT, I ask chat GPT for the main points and summary. I get the info this way without wasting my time.
@@MENSA.lady2 I said nothing about holding cash. I said sell your stocks when you're ready and get piles of cash the same way you would when you sell your shiny rocks, it's just that stocks will probably perform a lot better.
@@MENSA.lady2 Sure, who are you going to pay to store your one or two million dollars worth of gold? And gold pays no interest or dividends. When the second depression eventually comes, who will have the money to buy your gold? People who already have gold, so you will be broke.
Most people do not have sufficient capital to buy enough of these assets to really make a difference. The best chance for poor people to get out of poverty right now is the crypto market. Buy XRP and ADA.
Thanks for your comment! It’s true that my intended audience is not most people. However, I do believe that everyone can have mid to long term goals and creating a North Star was extremely helpful to me in my teens and twenties.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1.25m in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Just wanted to say, ‘Carol Vivian Constable’, my CFA, is the real deal in his field. Dig deeper into her background; she's got years of experience and is a goldmine for anyone diving into the financial jungle!
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
Been doing all 3 of these things for many years - you are 100% correct. Done correctly, it is an amazing life to live and very rewarding.
I have been stumbling my way into figuring this out. I knew real estate was a wealth builder and I finally captured my opportunity to do so in 2022. However, I then learned that i did it backwards and should have either purchased or started a business first. But I didn’t know anything about that world until last year 😩 now I am trying to learn about private equity, mergers & acquisitions, or just building a business in general… Better late than never I suppose. I know getting in the right rooms (be it digital or actual) is also key… thanks again for another dose of CLARITY!
Invest in gold and silver! Watch Lynette Zang videos. She doesn't recommend real estate now.
I bought my first lemonade stand the age of 25. Never looked back. Now I have hundreds throughout the usa. Mo money! Mo money! Mo money!
"Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit."
Great analogy! Climbing toward retirement takes effort, but the financial freedom at the top is worth it.
Great point, With my adviser’s help, I’ve climbed the financial ladder, making informed decisions that support my retirement goals.
Nicole Anastasia Plumlee can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
Stock market. I have made more in the stock market then real estate.
same here. But 6 years ago my wife & I started buying rental properties. The way that tax laws allow you to write off so much loss makes it a no-brainer. So easy to realize $100k in real estate gains even on a basic property vs leveraging stock market investments into $100k of profit.
Left out the stock market. I have a friend who is 102 years old and she has 10K shares of LLY at $905/shr which is over $9M. She and her husband bought 2,500 shrs when it was around $2 a share and then it split 2 for 1 several times. When she and he and her husband saved $5K that they felt they could "afford to 'lose" they decided together on a stock to buy with it with plans to never sell it, even if it went to zero. They did buy blue chip companies when the stock price was depressed. I don't know that I would suggest a buy and hold strategy anymore.
Most today invest in the stock market via mutual funds or ETF’s rather than finding that needle in the haystack stock. The other is that your friend invested as the American economy was expanding following WWII.
The stock market falls under the “businesses” category.
However, public markets are a long term play. For example, your 102 yo friend has been invested for 40 years and is now over 100 years old. Interesting to note that LLY is up over 50% this year as a runaway 2024 success. So half that $9 MM I’d 6 months old-after decades of patience.
If your friend had an advisor at any point along the way they would have told them to diversify out of such a concentration in one stock.
Privately held businesses are more a 3-10 year play, and the empirical evidence suggests, with significantly higher IRR.
Using cash flow from your own business to buy shares of other businesses and other cash flowing and appreciating assets, is the over arching point here. Public stocks fall in this category but require a longer horizon.
I very much own stocks and was even a stock broker at one point of my career.
Most of the hot companies from 1999 are trading for less than they did then...
It depends on the locality. A remote village, even a cow is an asset.
A cow would likely be a business asset.
Top notch vlog thanks 🌷 I subscribed immediately 🥳👍🏻 P.S. great #hair too 🤩🙃
THANK YOU VERY MURCH!
This dude is smart
Why do I need to watch a 9 minute video to find out 3 things?😊
Save us all the time we won’t get back. Tell us what the three things are.
You don't have to... Just read the first sentence in the little gray text box, below the vid! 🤨
Fortunately enough, you no need to :)
@@Filmstarindamaking Here’s a summary in 10 bullet points:
1. **Introduction and Background**: Walker is a bestselling author of "Buy Then Build" and an advocate for buying existing small businesses as a path to entrepreneurship.
2. **Financial Freedom Concept**: True wealth is built on the balance sheet, not just cash flow from a job or stock market investments.
3. **Business Ownership**: The primary path to wealth is through business ownership, including buying existing companies or investing in other businesses.
4. **Real Estate**: While real estate can be a wealth accelerator, Walker believes the potential upside of businesses is generally greater than real estate alone.
5. **Intellectual Property (IP)**: Investing in IP, such as films or video games, can create significant value. Walker highlights his experience as an executive producer.
6. **Balance of Assets**: Successful wealth building involves a mix of tangible (real estate) and intangible (IP, businesses) assets.
7. **Private Capital Markets**: Investing in private markets can lead to outsized returns compared to traditional investments.
8. **Asset Classes**: Walker focuses on three asset classes: businesses, real estate, and intellectual property.
What I do in these cases, I copy the link of the video, I paste it in ChatGPT, I ask chat GPT for the main points and summary. I get the info this way without wasting my time.
Great video. I agree.
🙏
IP is the game
The U.S. greatest export is intellectual property. Reminds me of something Robert Smith once said.
Like, from The Cure?
ty
BUY BITCOIN AND CHILL
Buy gold and silver and protect your butt.
Dumpster Fire waiting to happen!
BS advice.
Yep,💯
😎
I like the v neck shirt you're wearing. Where can I buy those kinds of shirts and what material is it made of?
Try Mott and Bow. Their materials are superior not sure about the V neck though
To sell them?
Can you physically hold it in your hand ? If NO then it's not an asset.
Not accurate
Once you sell your stocks you can hold the piles of cash in your hands, I don't see the problem with that.
@@GuillaumeRouleau Hold cash if you wish but inflation will eat into your holding. Buying gold is the hedge against inflation.
@@MENSA.lady2 I said nothing about holding cash. I said sell your stocks when you're ready and get piles of cash the same way you would when you sell your shiny rocks, it's just that stocks will probably perform a lot better.
@@MENSA.lady2 Sure, who are you going to pay to store your one or two million dollars worth of gold? And gold pays no interest or dividends.
When the second depression eventually comes, who will have the money to buy your gold? People who already have gold, so you will be broke.
YOU MISSED BITCOIN 🤣
🚀
I got the feeling that bitcoin will break many hearts.
If you say "You Know" one more time my head will explode ! ... take some speech therapy.
good content though.
I like the way he speaks.
Maybe he doesn't know.
Most people do not have sufficient capital to buy enough of these assets to really make a difference. The best chance for poor people to get out of poverty right now is the crypto market. Buy XRP and ADA.
Thanks for your comment! It’s true that my intended audience is not most people.
However, I do believe that everyone can have mid to long term goals and creating a North Star was extremely helpful to me in my teens and twenties.