I've Made $1 Million Dollars 10 Different ways, Here's how

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  • Опубліковано 28 гру 2024

КОМЕНТАРІ • 87

  • @KenMcElroy
    @KenMcElroy  5 місяців тому +17

    If you enjoyed this video, please consider sharing it with someone who would find it valuable.
    Your support helps us grow and motivates Ken to create more content for you.

    • @castlerc
      @castlerc 5 місяців тому

      I sincerely hope he keeps posting. My son needs to know what is possible. Thanks Ken.

  • @nickzelner
    @nickzelner 2 місяці тому +1

    This guy really is so up front and personal very smart and well spoken for his work

  • @wealthandwellnesswithGrace
    @wealthandwellnesswithGrace День тому

    I can’t wait to share that I earn a million dollars a year!!!! Thanks for the wonderful advice and wishing you more success.

  • @shaleceelynneartdesign387
    @shaleceelynneartdesign387 3 місяці тому +2

    Wow you are an amazing inspiration! I'm just starting my journey in apartment investing.

  • @maxm.8042
    @maxm.8042 5 місяців тому +6

    A masterclass in vertical market integration

  • @lilnard365
    @lilnard365 5 місяців тому +5

    This was dope to hear your perspective and execution of your Bussiness plans.

  • @JonnyNM1986
    @JonnyNM1986 4 місяці тому +3

    Thank you for sharing how your mind sees opportunities. Very helpful

  • @yousefreda6020
    @yousefreda6020 Місяць тому +1

    Huge value in one video

  • @NicholasBall130
    @NicholasBall130 Місяць тому +285

    One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.

    • @StacieBMui
      @StacieBMui Місяць тому +4

      You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

    • @cowell621
      @cowell621 Місяць тому +3

      That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

    • @StocksWolf752
      @StocksWolf752 Місяць тому +3

      I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.

    • @cowell621
      @cowell621 Місяць тому +2

      Rebecca Nassar Dunne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

    • @VictorBiggerstaff
      @VictorBiggerstaff Місяць тому +1

      She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

  • @jeremiahboucher
    @jeremiahboucher 3 місяці тому

    Thanks ken. The lessons are excellent. Most people don't consider a fee based company a valuable company, youve proven that wrong.

  • @lloyd011721
    @lloyd011721 5 місяців тому +40

    i think youll find that it is incredibly easy to make 1 million if you already have more than 1 million.

    • @ballinonabudget1130
      @ballinonabudget1130 3 місяці тому +4

      Tell me how. I have over a million and can’t figure out how to double it.

  • @sizwemdakane506
    @sizwemdakane506 5 місяців тому +2

    Thank you Mr McElroy 🙌🏽

  • @ginashen8974
    @ginashen8974 5 місяців тому +1

    That's amazing, each business $1M+ net profit

  • @AlejandroMartinez-eh8gr
    @AlejandroMartinez-eh8gr 5 місяців тому

    La suerte no existe maestro Ken, siempre agradecido por su apoyo!

  • @rcthomas6925
    @rcthomas6925 3 місяці тому

    Thank you

  • @LanceyRoche
    @LanceyRoche 4 місяці тому +133

    Our perceptions of your approach influence how we interpret, understand, and act on the truth. Getting into investing i stuck to Avoiding high interest debt. Cutting costs. spending less, earning more and investing passively The best way to find that balance between saving and living is by investing..what i can say to early investors is diversification and solid management this was how i got to my first million..at this point I'm actually grateful for my advisor Dianne Sarah Olson..

    • @harrisahmed3066
      @harrisahmed3066 4 місяці тому

      The thoughts and ideas here are remarkable

    • @stephmeldrich6765
      @stephmeldrich6765 4 місяці тому

      did a quick search and found her webpage. I must say her resume is pretty impressive.. will be writing her too

    • @kalineats
      @kalineats 4 місяці тому

      I had to Google to be sure, great resume she has.

  • @Premchik
    @Premchik 5 місяців тому +1

    This is literally gold! I don't know how to thank you Ken! Have shared.

  • @ytlongbeach
    @ytlongbeach 5 місяців тому +5

    Wow. Ken is a super impressive capital allocator !!

  • @user-jc9uu1dn4k
    @user-jc9uu1dn4k 5 місяців тому +1

    Ken you’ve provided so much value and I’d love to bring it back. Would love to bring you deals I’ve found with over 100 units that fit your buy box. Please let me know how I can reach out to you, thank you🙏🏻

  • @luisraya8734
    @luisraya8734 5 місяців тому +1

    Not only did I enjoy this I salute you Kenny, I've been on your team since I joined Rich Dad. You are a beast.

  • @landonpainter20
    @landonpainter20 5 місяців тому +1

    How old is Ken and what age was he when he started to invest in real estate?

  • @Sanaki_Ahir
    @Sanaki_Ahir 3 місяці тому

    Real estate is real money

  • @AlexisReed-ci9qg
    @AlexisReed-ci9qg 5 місяців тому

    Thanks 🙏🏼

  • @SEO_insider
    @SEO_insider 5 місяців тому +1

    You have an amazing content like always, thanks so much,
    BTW im 16 years old and im working on starting a company by the guidence of Robert Kyiosaki and im learning how sell also and when i will hape the extra cash i will be investing into Real estate by your guide, you are literally the best teacher on real estate in the world, such an underrated teacher!!!!!!!!!!!!

  • @Fasttowpro
    @Fasttowpro 5 місяців тому +1

    I hear you mention your business partner Ross a lot How does someone go about meeting people who can have meaningful impact business/friend-wise like he has with you?

    • @ebranham123
      @ebranham123 2 місяці тому +1

      Networking, you gotta go out and meet people…

  • @castlerc
    @castlerc 5 місяців тому

    Ken, your an inspiration to young people of what is possible. I know you are doing this to give back. I think that is the greatest achievement. Bar none, I implore young people to listen and learn. I’m doing the same, way smaller scale but boy it feels good. I sincerely love your work and videos. I just want to give you the biggest thumbs up I possibly could. Btw your wife is fantastic she fills the gaps. Please keep your videos and dialogue accessible so others may learn. Cheers friend, would be great to meet you one day.

  • @Rob-r2s
    @Rob-r2s Місяць тому

    I don't want to get to where your at. I'd like to get to ten to fifteen doors and go sailing around the world on a nice sailboat and enjoy life by going kite surfing in tropical locations and spear fishing for my dinner. I've got a paid for house and am building a rental property now. I've also got about 550k in cash that I plan on using to purchase an apartment complex as soon as the crash happens. I'll wait till the bottom hits and then invest. That's probably going to be enough income to go sailing.

  • @ugiperformance9495
    @ugiperformance9495 5 місяців тому

    Big Tank you Sir

  • @x2Boose
    @x2Boose 5 місяців тому

    Mumford from SWAT💪🏾🔥😂

  • @tobybrown1179
    @tobybrown1179 5 місяців тому +1

    10 different ways in one area though, will this all still work in a falling market?

  • @Rust_Belt_Capital
    @Rust_Belt_Capital 5 місяців тому

    Over how many years did it take you to build each business

  • @resachadley3135
    @resachadley3135 5 місяців тому +3

    I’m so grateful to have you in my utube play list , thank you for sharing ❤❤❤❤❤

  • @Soloman-s6s
    @Soloman-s6s 11 днів тому

    this is good an all but its 2025 we want that fast cash and 3 years for a M is a bit slow comparing to alot of other industries how can we do this on a monthly or quarterly basis

  • @kevin2479
    @kevin2479 5 місяців тому

    So proud of you 👍

  • @leeroach3381
    @leeroach3381 5 місяців тому +1

    Very helpful Thank you for sharing this

  • @worldwideachievers1234
    @worldwideachievers1234 5 місяців тому

    Amazing what you have accomplished. Crazy that there are RE people that haven’t heard about you. Great video

  • @viktorivakhno2244
    @viktorivakhno2244 5 місяців тому

    Nice.... Now it is time to get 2-4 mil to buy the first appartment compex😂

  • @lucramedia7493
    @lucramedia7493 5 місяців тому +5

    Watching this within 10 minutes! Hit me with 2 tickets to Limitless Ken. Change a life! 😅

  • @Sweet_Steve
    @Sweet_Steve 5 місяців тому

    Ken. I appreciate you talking about your reasonings and strategies with stuff like this.
    I am a man at 30 years old looking to play this game and break away from normal life.
    This perspective you show in your videos is very valuable, and I will be using it as a reminder of what potential properties and places have. I simply have to do the math and know what I can get out of places.

  • @AG-hl1ni
    @AG-hl1ni 5 місяців тому +1

    Inspired from Toronto, Canada. I am on the right track.

  • @kandasamys7981
    @kandasamys7981 5 місяців тому +1

    Thank For your Sharing

  • @monkeyfinger7949
    @monkeyfinger7949 5 місяців тому

    Mind blowing stories and you make it all sound so easy. But my brain is telling me that it sounds impossible from where I am now.

  • @KaayJaay
    @KaayJaay 5 місяців тому +1

    Beautiful PHX AZ backdrop Ken!!!!

  • @jameshiggins6729
    @jameshiggins6729 5 місяців тому

    Genius

  • @Hawk2phreak
    @Hawk2phreak 5 місяців тому +1

    Quick question about calculating the value of your improvements. I actually just added laundry to a triplex but it also gave laundry to the triplex next door that I own. You used: rate of change x annual value / 0.03 cap rate. Do you find this applies in most markets as a rough benchmark? I've been looking for a rough calculation like this for the improvements I've done on my propties. Many thanks.

    • @SilasJura
      @SilasJura 5 місяців тому +1

      Calculation is Additional Monthly Income x 12 then dividend by cap rate to arrive at Value Add. Cap rate varies widely by market, location, property type and quality. I doubt you can get a 3% cap rate on a triplex, those cap rates are usually for commercial only and even that’s low (I see 4% in my area). Triplex may be in the 6-12% range but again this can vary. You’ll have to research your particular market and property for accurate cap rates.

  • @darnelifrost9212
    @darnelifrost9212 5 місяців тому +2

    How do I really get a construction loan???

    • @tremerefury
      @tremerefury 4 місяці тому

      Watch Jerome Maldonado. He goes over that fairly regularly.

  • @koelg5858
    @koelg5858 5 місяців тому

    More please ❤

  • @richardheighington
    @richardheighington 5 місяців тому +3

    Being a laundromat owner I will not "like" this video. 😆

  • @AlejandroMartinez-eh8gr
    @AlejandroMartinez-eh8gr 5 місяців тому

    I wish I could understand what you are trying to tell me... 3M is what it costs for 256?

    • @HB4020
      @HB4020 2 місяці тому

      He spent $100K+ in machines, but the valuation of that is over $3M. Valuation is what the bank uses as the potential value of the deal based on the sales (income) that it produces.

  • @emills1417
    @emills1417 3 місяці тому

    Woahhhh! My mind was just blown. Ken I have a good chunk of $$$ and access to a 100k more in private financing. Where do I find ad-value deals?

  • @koelg5858
    @koelg5858 5 місяців тому

    Actually I’ll buy your❤ info

  • @joeshmoe7899
    @joeshmoe7899 5 місяців тому +2

    It's not luck, if you win the entrepreneur gene lottery.

    • @Kaa864
      @Kaa864 5 місяців тому

      😂😂😂

  • @ryane1606
    @ryane1606 5 місяців тому

    He should be everyone's American favorite with the way that they talk. Did you hear what he said King created more jobs per person and made more money. America always screams about how they want more jobs I don't think that's true

  • @lizechard
    @lizechard 5 місяців тому +1

    can someone who only has 4k in the bank start off like u?

  • @SBB123
    @SBB123 5 місяців тому +2

    1. I don't think works in all countries.
    2. You have to be in the industry you mentioned+ in the right places etc.
    3. I tried doing it but from real estate agent side as kiyosaki says to do sales and learn real estate (which not work out as i can't sustain the cost of the crazy insurance/medical bills with not so intense jobs... Kiyosaki says to prepare to fail so i also needed to work on day trading in case this real estate thing not work) so i had to leave usa and just do something else.
    + MUCH MORE
    LONG LONG LIST IT HAS TO DO WITH LUCK!!!

  • @GymForLifeHD
    @GymForLifeHD 5 місяців тому +1

    this old fox know much

  • @adamking1449
    @adamking1449 5 місяців тому

    After all, you don't seem like the kind of man who is doing this just a brag you're fishing or something. Hopefully, I caught the bait.

  • @efrimeugen2264
    @efrimeugen2264 5 місяців тому +1

    Its luck

  • @adamking1449
    @adamking1449 5 місяців тому

    My God, man please find a way for me to help you make money. I want to learn from you. I'm 46 years old and I've never seen anything like you. Maybe I've been searching for you my whole life maybe you've been searching to help people become like you after all isn't that humanities ultimate goal? I would love to be able to teach people when I think you can teach me in return. I can leave a legacy behind and credit you for it.

  • @clayjones1933
    @clayjones1933 5 місяців тому

    Man! Look at all these fake comments!

  • @jonathanr9870
    @jonathanr9870 4 місяці тому

    You have to much debt

  • @donaldlyons17
    @donaldlyons17 5 місяців тому +3

    F THAT LUCK IS NORMALLY A FACTOR IN SUCESS!!!! So failed businesses were not due to circumstances outside of the business owners control? WTF you talking about just being able to run a business requires some level of luck. You do know everyone can't learn right? To be able to learn and apply required some luck from the start.

    • @kurosangi2891
      @kurosangi2891 5 місяців тому

      If luck was the main factor in success, is it pure luck that America became the #1 economy? Is it pure luck that we have the most millionaires and billionaires in the world? So they didn't work hard at anything, just sat on their couches and became rich overnight? You have a lazy loser mindset

  • @AdamWright8fool
    @AdamWright8fool 5 місяців тому +20

    This administration's degree of corruption and incompetence is getting ridiculous. I feel sorry for people who are disabled and do not get the support to which they are legally entitled. Leah Foster Alderman, you have my sincere gratitude. Imagine investing $1.5K and earning $6k in just four days.

    • @ArchieJohnson5h
      @ArchieJohnson5h 5 місяців тому

      That woman completely transformed my life for the better. I've met many people, but none seem as honest as Leah. I'm surprised you know her too

  • @beenhonked5172
    @beenhonked5172 5 місяців тому +1

    Who wants to live in an 850 unit building?

    • @redtiger7268
      @redtiger7268 5 місяців тому

      Go to LA, Miami or Scottsdale. The 850 units are not in one unit. They are usually spread out over 3-5 high rise buildings.

  • @fyzaan1
    @fyzaan1 Місяць тому

    I smell a lot and I mean a lot of story

  • @OpusXcigars
    @OpusXcigars 5 місяців тому +1

    Let’s network

  • @TheMonk500
    @TheMonk500 5 місяців тому

    Insightful