3 Steps To Build A Passive Income Empire

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  • Опубліковано 3 лис 2024

КОМЕНТАРІ • 1,8 тис.

  • @TobyMathis
    @TobyMathis  6 місяців тому +33

    Would you like to learn more about building passive income? Join Infinity Investing as a Basic Member and Unlock Your Free Training Today! inf.link/zfk

    • @JudyMendes
      @JudyMendes 5 місяців тому +3

      Do you provide consultation for Canadians

    • @yanetgarcia657
      @yanetgarcia657 5 місяців тому

      I’m just trying my luck with this and it doesn’t look too great for the job so 😊

    • @Jr-bi4tc
      @Jr-bi4tc 3 місяці тому +1

      I m from canada, but got no country selection on membership registration. Can u create options for canadians also

    • @sheratignor7945
      @sheratignor7945 2 місяці тому

      Totally agree

    • @dustinmiller2775
      @dustinmiller2775 2 місяці тому

      "You see we've been taught to be good little go-getters. But go-getters lose. They blow it. You see, instead we should be taught to be good little go-givers!" ~Bob Proctor 🙂

  • @desromic
    @desromic 11 місяців тому +205

    It's refreshing to hear someone giving financial advice and including "be a decent human being" as part of that advice.

    • @TobyMathis
      @TobyMathis  11 місяців тому +21

      Thank you so much for your kind words!

    • @grammarx
      @grammarx 4 місяці тому +10

      Same. He had me at: Give 10% of your income. Thank goodness he said we can also give our time.

    • @Summer-tk8yk
      @Summer-tk8yk 4 місяці тому +1

      😂❤

  • @prakashkanzariya2387
    @prakashkanzariya2387 Місяць тому +819

    The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance

    • @clootscalhoun9481
      @clootscalhoun9481 Місяць тому +2

      This same exact comment word for word was on another video on rental property 🤨

  • @victorl225
    @victorl225 Рік тому +563

    This should be a mandatory video in high school or college

    • @user_abcxyzz
      @user_abcxyzz Рік тому +26

      Never. School is to teach you how to be a W2 earner. Bare bone basics. It's up to YOU to seek and apply wealth building knowledge. That's why there are books...READ.

    • @johngarcia5147
      @johngarcia5147 Рік тому +3

      i thought the same thing, then i read your response, how come they don't teach this to kids ?, my parents never saved any money , so I didn't, I been telling my kids to do it since they were young

    • @BarkaDog
      @BarkaDog Рік тому

      @@user_abcxyzz this video is bare bone basics as well. The video might be too much for YOU, but it’s all basics.

    • @humain-dcncy
      @humain-dcncy Рік тому +18

      I wish some body taught me in my 20s😊

    • @saqueradry3629
      @saqueradry3629 Рік тому

      @@user_abcxyzz exactly. People haven’t figured this out yet? And you put it nicely. School teaches you how to be a slave!

  • @BlakeGabriel-23
    @BlakeGabriel-23 3 місяці тому +542

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @alcubierre-drive
      @alcubierre-drive 3 місяці тому

      Crooked system 100%. No real change until a lot of people collectively say enough is enough is enough.

    • @HakikaThreads
      @HakikaThreads 2 місяці тому

      Which country?

    • @ellerskillzis
      @ellerskillzis 2 місяці тому +5

      I didn’t plan well might be your afterthought.

    • @Mr.Caligos
      @Mr.Caligos 2 місяці тому +4

      The system still rewards you and you can manipulate with that money how you please. There are ton of options with investing, compound interest is the king.

    • @islesanctum833
      @islesanctum833 2 місяці тому

      ​@@HakikaThreads
      Let's start with occupied AmeriKa

  • @danmajkut5610
    @danmajkut5610 Рік тому +292

    I’m not sure how many different people I’ve watched or read to get better at my own financial literacy, but this guy is the absolute most straightforward person I’ve seen. Really great advice for planning. No extra crap.

    • @TobyMathis
      @TobyMathis  Рік тому +18

      Thank you, Dan!

    • @goodwitch50
      @goodwitch50 Рік тому +1

      Absolutely agree!!

    • @BornInPhillyPA
      @BornInPhillyPA Рік тому +2

      Straight up numbers and facts.
      Still. The fluff and stories Robert Kiosaki brought up 20 years ago in Rich Dad, Poor Dad gave the internet catch phrases like "passive income" and the importance of "cash flow".
      Quite possibly the 1st guy to coin the phrase "passive income" and clearly define them as royalties, dividends, etc.
      With the popularity of YT videos, entrepreneurs found a new way to generate "royalties". Then throw shade on the guy for being non specific on "what to do" or "when to do it".
      Pretty much everything in this vid says use cash flow to buy assets. Even has the same definition of "assets" that Kiosaki introduced 20 years ago.

    • @jsaunders1974
      @jsaunders1974 Рік тому +1

      💯 agree on your comment. This is great information!

    • @radarchannel9252
      @radarchannel9252 Рік тому +2

      @@TobyMathis. P😊

  • @A_francis
    @A_francis Місяць тому +615

    I’m pretty young and just started my portfolio with around $80K. Dividends drew me in right away! Slowly trying to create significant passive income and manage my Stock Portfolio. how do I invest to deal with markets ups & downs

    • @RickWatson-xu6gw
      @RickWatson-xu6gw Місяць тому +5

      It's wise to seek expert assistance when beginning your financial portfolio. market is volatile, so professional guidance is so important..

    • @benitabussell5053
      @benitabussell5053 Місяць тому +4

      Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.

    • @Tipping-Point88
      @Tipping-Point88 Місяць тому +3

      Hey friend, How can I work with your Fiduciary?

    • @benitabussell5053
      @benitabussell5053 Місяць тому +3

      *Marissa Lynn Babula* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @RobbStonee
      @RobbStonee Місяць тому +2

      Searched the web and saw her profile and accreditations, someone with great experience I must say, thanks!

  • @gedeo
    @gedeo 10 місяців тому +23

    This video should be required to watch by everyone in high school and quizzed on before graduation.

  • @RusuSilva
    @RusuSilva 5 місяців тому +136

    Having multiple streams of income is a game-changer for financial stability. Relying solely on a job may not provide enough financial security due to high rates of tax It is important to explore additional investment opportunities to surpass one's expectations.

  • @johntorrington2672
    @johntorrington2672 Рік тому +49

    Giving was the one aspect I missed for 30 years of growing wealth. It changes EVERYTHING when you do it. It's written into the universe somehow.

    • @jaqueitch
      @jaqueitch Рік тому

      I love it!

    • @TobyMathis
      @TobyMathis  9 місяців тому

      Thank you

    • @TobyMathis
      @TobyMathis  9 місяців тому

      agree

    • @Faisal.12SA
      @Faisal.12SA 5 місяців тому +2

      Messenger of Allah (PBUH) said, "Wealth is not diminished by giving (in charity). Allah augments the honour of one who forgives; and one who displays humbleness towards another seeking the pleasure of Allah, Allah exalts him in ranks." [Muslim]

    • @cjlindustries5422
      @cjlindustries5422 2 місяці тому

      That’s what the Bible states and it’s what the Jewish people had to bring to the Temple.

  • @TheSportsPROgram
    @TheSportsPROgram 11 місяців тому +69

    Not only is this great quality content, bu the fact that he is encouraging giving back in some sort of form, makes it exponentially better.

  • @kb81ccme15
    @kb81ccme15 Рік тому +115

    I live on $ 2000 a month as a single mother. No child support, so it looks like I'm going to need a few side hustles to do this, but at least now I have a plan. Thank you! 🎉

    • @Ryoma_lawang
      @Ryoma_lawang 11 місяців тому +10

      You can try to get a digital marketing certificate online. It may cost you about 50-100 dollars depends on your learning time. After you get the certificate you can looking for some really good side hustle. $20 to $30 per hour.

    • @InnerGiggles
      @InnerGiggles 10 місяців тому +2

      Good luck!

    • @mariemyers6747
      @mariemyers6747 8 місяців тому

      ​then what do you do with it?

    • @sophiec3592
      @sophiec3592 8 місяців тому +10

      From a fellow single mom with no support, you’re doing great by looking up these video. Those who seek, will find.

    • @aspreedacore
      @aspreedacore 8 місяців тому +5

      Opening a high yield savings account or money market account at the minimum both are free and you get compound interest on your own money saved for life

  • @KiyosakiSays
    @KiyosakiSays Рік тому +253

    “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki

    • @BigPapiNick
      @BigPapiNick 11 місяців тому +7

      True but this guy has outdated advice. Everytime I listen to him in an interview my brain cells jump of a bridge.

    • @Azrael-h8e
      @Azrael-h8e 11 місяців тому +2

      How do?

    • @BigPapiNick
      @BigPapiNick 11 місяців тому +3

      @@Azrael-h8e have you not heard the crazy stuff he says all the time? His call flow stuff is good everything else is garbage

    • @lisaj2840
      @lisaj2840 6 місяців тому

      how do you borrow from your stock investments?

    • @XingtheRubicon
      @XingtheRubicon 6 місяців тому

      RK tells people to do illegal stuff half the time.

  • @seanogs
    @seanogs 3 місяці тому +11

    I am guessing you want to put another $50k into managed money? I am 55+ years old and have zero, i mean, zero money. I am living paycheck to paycheck. I was just hired for a job that pays into six figures. Love this idea!!!!! Luckily, I do not have much debt and will follow this. So, I will do this with the goal of putting $50k into the three 30%'s over the next three years. And yes, do the 10% of this as well. I am motivated again to try one last time to get a head. Thank you for posting and giving and donating your time to this.

  • @MRkriegs
    @MRkriegs Рік тому +58

    I'm not even going to lie, this was a very solid video. Step by step. Realistic. Solid, safe advice. No fancy steps besides some of the option talk. This strategy will see results. Good job!

  • @iangoddard57
    @iangoddard57 Рік тому +23

    Toby I’m from London England, about to retire. Made loads of mistakes financially over my life. I know when I see a decent straight talking guy. You are dynamite my friend. Thank you so very very much. I have read books, searched to learn. You just smashed it wide open. Wishing you well Toby, keep doing this, the ordinary slogger guys and girls need you.

    • @aliyahmerrit5402
      @aliyahmerrit5402 11 місяців тому +1

      If you need some market tips i suggest you get in touch with Laura Grcae Abels

    • @aliyahmerrit5402
      @aliyahmerrit5402 11 місяців тому +1

      I recommend researching her further on the web, she's well established with over two decades of experience in her line of work.

  • @anneerickson6447
    @anneerickson6447 Рік тому +23

    Toby - you have made personal and investment finances understandable for the first time for me. Deep gratitude.

  • @skynet251
    @skynet251 2 роки тому +84

    This is Gold🏆 . Something schools will never teach.

    • @skynet251
      @skynet251 2 роки тому +1

      Thanks , already have a stock portfolio bringing me cash flow

    • @CS-qc7np
      @CS-qc7np Рік тому +2

      That’s what UA-cam is for!😂 Seriously, our districts teach finance in elementary, middle, high school. So you should have a discussion with your local board members to change your district’s curriculum.

    • @ridgevaldez
      @ridgevaldez Рік тому +1

      My public school taught me about the basics of economics and investing. But when they “taught” this my primary focus was on quick females (damn hormones). 15 years later I know better now and I am acting accordingly to slowly build generational wealth and be a better person.

    • @abduljabbarmohammed4188
      @abduljabbarmohammed4188 Рік тому +1

      He got the information from a book called rich dad poor dad. Go and read it, it change your life .
      And when you are successful remember me .

    • @grzesiekszewczuk1741
      @grzesiekszewczuk1741 Рік тому

      Yes because they want us to be poor. To work all live.

  • @leeoverton5807
    @leeoverton5807 11 місяців тому +12

    Brother- I 4:55 completely agree about giving. However it is giving because you want to give- that is the payback. Awesome advice- Thank you

  • @Boz196
    @Boz196 Рік тому +17

    Im fortunate enough to be 20 years old and still living at home. This enables me to save about 80% of what I make a year (about $24,000 aud). With the 80% I save I invest 60% into the stock market (mainly index funds) and use the other 20% to pay off my student loans. I want to get into property by the time I’m 25 so my goal is to sell some of my shares and put a deposit on a house soon.

    • @WealthyBrainYT
      @WealthyBrainYT Рік тому +8

      Great goal and Idea, however rather than selling your stocks I recommend reducing your stock allocation from the 60% to 40% - 45% and put the 10%-15% into a high yield savings account averaging 3%-4% to start a real estate investing fund. Selling your stocks should be a last minute resort because the Dividends you are/will be receiving from your Index funds will really start to compound after your 5 year mark. Selling would reduce that great nest AND you could leverage that nest to purchase more Index fund shares during a big downturn. Lastly when you purchase a home using an FHA loan it only requires 3%-5% down payment + fees & fees.
      Keep Up the good work young man.

    • @Boz196
      @Boz196 Рік тому +2

      @@WealthyBrainYT I've changed my strategy a bit since I wrote my last comment. Im still saving 80% of my income, 50% of it goes into stocks and I just save the other 30%. The last 20% I use to pay my daily expenses. I've decided not to manually pay my student loans, here in Australia we get interest free government loans which are automatically paid off proportionate to your salary. My money will go a lot further in stocks than it would paying off my loans. I also don't really see a point in buying a house, would rather rent and put the money I'm saving from a mortgage into stocks.

    • @anthonyj.4756
      @anthonyj.4756 3 місяці тому +2

      Purchase real estate to rent out. Purchase at a price that will have the rents pay all the expenses and put dollars in your pocket also. Additionally, the home will appreciate in value over time. Win/win.

    • @Fer-s1x
      @Fer-s1x 3 місяці тому +1

      Live at home as long as you can and continue investing. Sure, contribute to the household, but stay. Some people will laugh, but years down the road, you will run into them and see that they are still slaving away while you are sitting golden.

  • @jamesosei6888
    @jamesosei6888 Рік тому +22

    This free video gave me more value than anything I have purchased. Thank Toby!

    • @TobyMathis
      @TobyMathis  Рік тому +1

      Great to hear! Thank you for watching us!

  • @WaltersAssetProtection
    @WaltersAssetProtection 11 місяців тому +17

    My father was serious about this except we lived off of a quarter of his pay. 😅 He was full of wisdom and despite passing away very young my mother has never had to work a day in her life due to how he invested. I'm so grateful for everything he taught me. This is great advice. I share advice I learned from my father and what my life experiences have taught me. Thank you for sharing your knowledge. It's a shame this isn't taught in school.

    • @TobyMathis
      @TobyMathis  10 місяців тому +2

      You father sounds like a very wise man. I appreciate you sharing. We need more like him. Sounds like his wisdom is being spread by his daughter though:-) Keep it up.

    • @WaltersAssetProtection
      @WaltersAssetProtection 10 місяців тому

      Thank you so much@@TobyMathis

  • @gradysimpson3137
    @gradysimpson3137 Рік тому +19

    I really love this explanation on how to properly structure your finances for wealth. Its not get rich quick, but is a gradual process to building wealth!!

  • @carlacosta4896
    @carlacosta4896 Рік тому +30

    This was by far the best and most straight to the point lesson on financial success. I truly appreciate having come across this video. No bu***t, just plain facts and super easy structured. A big thank you, this is public service ❤

  • @jalleninvesting
    @jalleninvesting 3 місяці тому +4

    Real estate investing is the bomb, I love it. I try to talk everyone into it because it has such incredible power to supercharge your net worth. I think professionals who are stalled out in their career income (like teachers, pastors, nurses, etc) should really jump into real estate so they can supplement their current income and build real retirement income. And they can become millionaires even if they don't have a lot of cash to invest. I know because I've done it! You can too!

  • @Cryptogally
    @Cryptogally Рік тому +4

    “Time in the market is better than timing the market”!!!

  • @didienva8576
    @didienva8576 Рік тому +25

    This was very inspiring. Gets straight into the point right from the start about assets and liabilities. Also, I've never seen in any videos of this kind suggest "giving". I did it as a younger (and poorer) self, but my obsession with money gradually led me to neglect it. Thank you for reminding me.

  • @RedPandas3111
    @RedPandas3111 11 місяців тому +7

    Wow this is gold, thank you so much ! I was recently blessed with a job that pays me six figures and I can honestly live with half of my salary so for the first time ever I have the opportunity to truly invest and accumulate wealth, I blew a lot of money on expensive cars when I was younger but I wasn’t ready for this kind of wisdom and maturity back then, today I’m 41 and I’m more ready than ever, the universe works in mysterious ways and everything happens at the right time, thank you again and god bless you all!

  • @irpain8617
    @irpain8617 10 днів тому

    My dad taught me " It doesn't matter how much you make, it's how much you save." By example, he sparked my interest in investing.

  • @charneschiu
    @charneschiu Рік тому +24

    This is awesome. 50 y/o and started doing everything you had recommended about 20 yrs ago. Very true about generosity and charitable giving. Also have 5 types on income plus...Cash flow business. Great work/Great advice. Twenties in school and training until 33y/o, lived off ramen, mac and cheese for 10 yrs. Started at 33 yo - zero net worth. Now near 8 figures.

  • @cindy-tron
    @cindy-tron Рік тому +19

    I LOVE what you said about charity/being of service to others. I feel like few people in your field would underline that so pointedly, kudos to you.

  • @jaysonturner5344
    @jaysonturner5344 2 роки тому +14

    You're advice about giving is 100% correct. Doors will open that will blow your mind and people will begin to ask "why is that guy so darn lucky"?!😇💯

  • @josephawad3493
    @josephawad3493 2 місяці тому

    I find myself going back and re-watching this video for inspiration. Excellent content. No distractions. Good luck to everyone following this formula. It will work if you do NOT quit.

  • @blueskiesandgreenpasturesp3848
    @blueskiesandgreenpasturesp3848 11 місяців тому +4

    You are 100% right about the power of giving.

  • @shemmakanga8390
    @shemmakanga8390 9 місяців тому +1

    If we continue getting videos like this one, parents will stop sending their children to college. Free, on to the point - informative, hands- on, self-employment within days, guaranteed success, no student loan, passive income, lots of free time, etc. Thank you, sir, for being what you are, selfless. You are on your way to becoming a legend.

    • @TobyMathis
      @TobyMathis  9 місяців тому +1

      I appreciate you :)

  • @juliegeorge8533
    @juliegeorge8533 Рік тому +4

    I am only a few minutes into your presentation and I had to comment that I love your ethos about giving/donating if not money then time and skills. This opens up so many amazing opportunities and friendships. Not bible thumping but to paraphrase- seek ye first the kingdom of God (good?) and all these things shall be added onto you. Practically every faith system in the world echoes this sentiment. B blessed! xxx

  • @alvinjohnson9531
    @alvinjohnson9531 2 місяці тому

    As a private investor I like investing in close -end funds that pay monthly dividends;
    IGD-That invests in stocks & covered call options.
    NRO-That invests in real estate & reits.
    MGF-That invests in government treasury futures, notes & bonds.
    CMU-That invests in tax exempt municipal bonds.
    And,
    NCZ-That invests in convertible securities like bonds and prefered stock.
    I also like investing in PSEC.
    It's a business development company that pays a monthly dividend.😊

  • @3polygons
    @3polygons Рік тому +95

    Absolutely loved the giving part (it's a big source of personal happiness). Would have never expected to find it in a video about passive income, but absolutely loved it. I specially agree on that point. And the whole video, actually.

    • @nathanhildebrandt2672
      @nathanhildebrandt2672 Рік тому +4

      That stuck out to me too. I'm an Evangelical Christian, and believe very much in giving. However I listened to Robert Kiyosaki who is not, but he also emphasized how important that was. To me it seems interesting that even in the secular world, they are finding the benefits of giving.

    • @grobson4
      @grobson4 Рік тому +1

      I also loved this message on giving in the context of financial education. Giving’s reward is a promise from Jesus Christ, The Trustworthy One.

    • @c17airborne
      @c17airborne Рік тому +1

      I respectfully disagree with you. I'm not against giving but it doesn't have to be money. You can give in other ways such as volunteering at schools, hospitals, etc. I've volunteered for over 23 years in different capacities, it was a source of personal happiness for me. I don't have to give my money away to anybody to make me feel good about myself. Just my personal opinion.

    • @3polygons
      @3polygons Рік тому

      @@c17airborne I don't need it to feel better, either, really not. When I give money to someone who is going through a rough patch, or to help some cause, I actually do it to help those people. I have also volunteered with my time and skills. But one thing to be considered is that people having very heavy/busy activity (in professional and/or family matters), what can't provide with is time, while they can help with money, and that helps, too. Each situation is different, I think both ways help a lot, whether one does one or the other, or both.
      But my statement about 'giving' being a great source of happiness was indeed in a *much* wider and deeper sense than just money related, and mostly about the people around you (family, friends, couple, colleagues, neighbors, etc). Most of the time not with money, but time, understanding, advice.. help, in one word, whatever you see that person needs. Sometimes it is just about being kind enough. Producing others' happiness gives in my opinion pure, real happiness, in an exponential growth of it: at the beginning, not noticeable _at all_ , just like when you start going to the gym (so, like that, and mostly everything in life, is a game of patience), but it gets to be a reality when it becomes your way of doing after some months/years. My 2c.

    • @brianjung160
      @brianjung160 Рік тому

      Text for further information on how to make money from bitcoin I made up to $65,750 a day

  • @fordracing331
    @fordracing331 2 місяці тому

    You are so spot on. I’ve been following this strategy for a decade… I sleep so well at night knowing my future is secure. keep up the good work!

  • @adambenson6781
    @adambenson6781 Рік тому +34

    Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.

    • @andersonmarylyn8551
      @andersonmarylyn8551 Рік тому +3

      I agree, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k

  • @SpiritRaider
    @SpiritRaider 2 місяці тому

    "If you use it, buy it"....Great advice that I heard years ago, but took too long to start following it.

  • @rmbrugge
    @rmbrugge 10 місяців тому +7

    Love" live within your means" too many people confuse wants vs needs. I have only bought a new car once. I am proud to drive a used car knowing I am putting my money into assets instead a car payments . Great video.

  • @nishmin5244
    @nishmin5244 Рік тому +2

    Liquid gold! Where have you been all of my life? Thank you Toby for sharing this knowledge!! ❤

  • @senioradvocates3262
    @senioradvocates3262 Рік тому +3

    I just wanted to commend you and thank you. As a 55yo I have heard the value /importance of giving presented every time in regards to financial planning or budgeting. Some times as an afterthought and others as the central point.
    And I agree with that all day as life continues to prove we get what we put out. Yet, giving is so low on my priority list it has zero weight with no room for future expansion due to the long line of things ahead of that I believe are under funded.
    You made the topic important by allocating time to it. More than most. You pointed out how resources can be assigned in a few ways to so as to include everyone, while showing empathy even if nothing is being allocated currently to giving, then invested extra time in highlighting the multiple benefits.
    Thank you for that. You managed to make a crack in the foundation I’ve built and been reinforcing for decades large enough for me to realize it’s futile to restore it. My only option is to replace it.

  • @johnluis8170
    @johnluis8170 7 місяців тому

    Thank you Randy for staying true to your people, all politicians envy you for your good hearted braveness!

  • @hiawathanapoleon6946
    @hiawathanapoleon6946 Рік тому +72

    Toby, you bring so much light to the world of investing and money management. I love the way you break it all down into manageable chunks. This is my 3rd time watching this video and I glean something new each time. Love the content!

    • @TobyMathis
      @TobyMathis  Рік тому +4

      Thank you!

    • @DDD-um5co
      @DDD-um5co Рік тому

      @@TobyMathis 😘🥰😍LOVE THIS Video & Love You Toby For Doing THIS Video📸 This Is Awesome👍 AMAN Aman AMAN Aman 🙏🙃🌹 I've Been Tell Some People That WE Need To Have a Group & Each One Learn A Piece of Financial Literacy & WE Come Together In a Show&Tell•Manor....!!!! EACH•One•TEACH•One Working TOGETHER In-Order Too Overcome Like•Minded People Achieving Financial FREEDOM ‼️‼️‼️❣️❣️❣️ WOW 😳 a Beautiful Thing!!!!
      Sir Toby, I'm Going To Share This😘🥰😍 Thanks Dearly❣️

  • @raldors7499
    @raldors7499 2 місяці тому

    It's nice to see a video like this from some who seems to actually know what they're talking about for a change.

  • @ShopTRUCUO
    @ShopTRUCUO 6 місяців тому +4

    "If these video classes were mandatory in schools, the new generation of America would have much more financial education than we currently have, and there wouldn't be as many economic problems as there are now!

  • @Shirley-v3g
    @Shirley-v3g 2 місяці тому +1

    Toby you are fabulous ❤ / I’m mortgage free , but the condo has carrying costs - I’m retired / real estate values are up - should I be looking for other alternatives ?

  • @RobWilliams007
    @RobWilliams007 Рік тому +5

    If you only watch one investment video, this is it!

  • @daveshane957
    @daveshane957 9 місяців тому +2

    "Love of money is the root of all evil", is the whole quote, makes a difference....
    Great info, thx

    • @TobyMathis
      @TobyMathis  9 місяців тому

      I appreciate your support.

  • @Isaac-ev3nq
    @Isaac-ev3nq Рік тому +5

    Thanks a lot, I've always wanted to give back but didn't know how to because of my financial situation. When you said give back with your time, it got me thinking and then I ended up doing some research. Here in Alabama, you can "adopt a mile" where you keep the mile on a highway/county road free of litter/trash. It's something that always stood out to me (I've seen others doing it), so I'm going to give it a shot 👍

  • @kaishajones
    @kaishajones 2 місяці тому

    I like what you said about giving back and helping. You’re a good person. You’re teaching us how to make money and be good people. You’re good people. ** gained a new subbie ** ✨💖

  • @NarsilRenewed
    @NarsilRenewed Рік тому +4

    I am a complete novice to all this investment stuff, and I understood almost everything. Thank you!

  • @zackmehala
    @zackmehala 3 місяці тому

    I didn’t understand the part where you talked about selling or buying stocks. Thank you for the video

  • @khaleefax9553
    @khaleefax9553 10 місяців тому +33

    *In my faith, that giving 10% in charity is A PROVEN AND GURANTEED way to increase your wealth 100% GUARANTEED!!.*

  • @cwilson6880
    @cwilson6880 25 днів тому

    Clearly trying to produce lots of income. But not obsessed with wealth as the end all be all of life. Sometimes enough is enough.
    Giving and donating time has always been part of my life but never considered it part of my investment thesis. What a refreshingly simplified perspective on investing for the future. Following for sure. ❤

  • @g5061
    @g5061 6 місяців тому +3

    I just showed this video to my daughter(16 years old) she’ll learn about how to manage her money.

    • @TobyMathis
      @TobyMathis  6 місяців тому +1

      Awesome! Hope she picks up some useful tips.

    • @g5061
      @g5061 6 місяців тому

      @@TobyMathis thank you 🙏

  • @TracyTaylor-u3o
    @TracyTaylor-u3o Місяць тому

    Love your content Toby. Clear and easily understandable!

  • @georgesmith9178
    @georgesmith9178 Рік тому +5

    I have never seen such a great explanation, with concrete examples, of how to build passive income. Thank you Toby, a wholehearted thank you, and big thumbs-up, of course.

  • @oKima81
    @oKima81 2 місяці тому

    Full knowledge. No BS. Peak quality content. W.

  • @iljafritzler6823
    @iljafritzler6823 Рік тому +5

    You are right about the REITS stocks. They are even better in terms of paying the dividends as the REITS are obligated to pay out 90% of their profits as dividends secured by law, while the normal aristocrat stocks can cut off in some phases. What do you think about the Tax Liens Certificates as an alternative to REITS investing?

  • @Jr-bi4tc
    @Jr-bi4tc 3 місяці тому

    Excellent. I need to delve more and keep knowing. Thank you for showing me a way.

  • @GillianAllison
    @GillianAllison Рік тому +8

    This is the most succinct explanation of developing a wealth portfolio I have heard. I have been watching others on the platform and they say the same thing but this right here "bestest", clearest, easiest to understand and implement. Thank you 🙂 👍🏾

  • @eman244tx
    @eman244tx 2 місяці тому

    Wow....your discussion is so welcome!! I never hear such great advice from other youtubers! Keep up the great work!! 🤓

  • @abbibrennen2549
    @abbibrennen2549 Рік тому +4

    watched this video 2 times now and I will watch this one again, like a religion, this is a way of life, that I need to keep reminding myself of. Thank you and I have already recommend your video to others!

    • @TobyMathis
      @TobyMathis  Рік тому

      Hi Abbi, thank you for watching our content!

  • @mikipirs
    @mikipirs Місяць тому

    Thanks for 30/30/30/10 rule.
    Thanks from Serbia 🇷🇸🇷🇸🇷🇸

  • @organizer14
    @organizer14 Рік тому +10

    Great wisdom! Thank you not only for excellent tax advice and also great life lessons!❤

  • @kaywolf3556
    @kaywolf3556 6 місяців тому

    Toby is my daily must watch youtube guru now! Love all the content. I close $500M commercial real estate deals a year, I am still learning every aspect of how to save taxes on real estate😊

    • @TobyMathis
      @TobyMathis  6 місяців тому

      Thank you so much for your kind words. I'm glad the content is helping you in your real estate journey.

  • @Mangeyena
    @Mangeyena Рік тому +4

    I listen and watch TONS of investment advice videos on UA-cam. This was great! The leverage advice is something new to me. Instant sub here!! Thank you Toby

  • @deloresdilday3978
    @deloresdilday3978 24 дні тому

    Great video! So blessed to have rentals paid for and zero debt...Universe hears your thoughts ❤

  • @Madmun357
    @Madmun357 Рік тому +6

    Love it Toby! One thing I do instead of managed money is I look at well-performing mutual funds or ETFs and steal their ideas for good stock picks. Also, as a news junkie, I get ideas just from watching news stories, not necessarily financial news. I'd like to get involved in other asset classes but I'm not an accredited investor (yet).

  • @davianstiger9475
    @davianstiger9475 7 місяців тому +1

    This is by far the best financial advice i have ever gotten

    • @TobyMathis
      @TobyMathis  7 місяців тому +1

      I appreciate your comment!

  • @markos9751
    @markos9751 2 роки тому +5

    Toby Mathis comes across as inherently trustworthy and believable. Great channel.

    • @TobyMathis
      @TobyMathis  2 роки тому

      Thank you for your kind words!

  • @Calabroski
    @Calabroski Рік тому

    This is the first channel talking on this subject that I don't think I bullshit.

  • @madean59
    @madean59 Рік тому +2

    Newbie here, newbie to your videos anyway. Love what you're posting. I already did what you are teaching. I'm currently now debt free. Home is paid off, no loans, no credit card debt. Have 401K being managed by a financial advisor. Playing a little with stock market. Interested in buying assets that produce income.

  • @Lisa-ii2sy
    @Lisa-ii2sy Рік тому +11

    I’ve been looking into investing for a couple of months now. I came across you and I am excited now!! You explanation and guidance is what my soul was searching for! Thank you! I have subscribed and will be watching your channel. I am also sharing this video in particular.

  • @ryanweaver3910
    @ryanweaver3910 8 місяців тому +1

    almost didn't click on this video cuz it sounded like clickbait. instead i find some real solid, grounded advice.

  • @wernerbresler8212
    @wernerbresler8212 Рік тому +3

    Thanks Toby ,great info and so informative.

  • @bizbaz85
    @bizbaz85 Місяць тому

    Hi Toby, I am new to this so forgive me if it comes across as a silly question..... But i would like to know how I know the shares I buy in a company which would pay dividends? Is there a key to look out for or something, or is it the general rule of thumb that if it's a massive company it would?

  • @bclopez03
    @bclopez03 Рік тому +6

    Great content Toby. Question on rule #2, you are saying to get each bucket up to 50k or divide our 30% into the 4 buckets proportionally? At $270/mo it will take quite a bit of time for it to get to 50k

    • @malcolmoliver3146
      @malcolmoliver3146 Рік тому

      I had the same question

    • @TobyMathis
      @TobyMathis  Рік тому +3

      Apologies for the late response - it is $50k per step in order - just make sure 10% is always going into the cash bucket. Only after you are above $150k or so do you need to worry about the percentage allocation. I hope this helps:-) Best of luck.

  • @obailey973
    @obailey973 Рік тому +1

    The 10% giving sold me!!! This is the real deal!!!

  • @soberdaybyday
    @soberdaybyday Рік тому +4

    This is super awesome and makes it simple! Question - what about a 401-k that locks you into funds? I want to manage stocks on my own, but don’t want to miss the free money on the 3/1 match!

    • @antilogism
      @antilogism Рік тому

      Many plans allow you to tranfer vested funds once each year to an IRA. Keep the sweet match. No tax or penalty since they are both tax deferred. You will have 60 days to complete the transaction---OR ELSE. You'll get a 1099 to report. I did it some years ago and it was easy. If they are both at say Fidelity, there may be a direct method but I haven't looked.

  • @sultanshaie2011
    @sultanshaie2011 7 місяців тому

    Thank You Sir, I Will Get Back To You When I Build My Portfolio 💼 😊 Insha’Allah.

  • @Beerablisscoloringbooks
    @Beerablisscoloringbooks Рік тому +6

    Great content Straight forward and no extra crap loved it

  • @rmrogers777
    @rmrogers777 7 місяців тому

    Thank you Mr. Mathis. I wish I would have heard this right out of High School.

  • @ps9417
    @ps9417 Рік тому +5

    Thank you Toby. I wished I had learned this 20 years ago (what everyone says). I appreciate the content and education.

  • @chips555555
    @chips555555 7 місяців тому +1

    you cant bet honesty, a great video by a honest man. I thank you.

  • @findmeanewplanet
    @findmeanewplanet Рік тому +6

    If only I had the knowledge back then to buy what we were using when no one else was using it. We were using Google in 1998, Amazon in 2002 & Netflix in 2005. I felt like they were great ideas back then which is why we started using them, but never knew about investing. A very sad case of missed wealth.

    • @stellaeze7701
      @stellaeze7701 Рік тому +1

      You obviously have a good knack for seeing what's up and coming. Perhaps you can apply it to the next big thing that you find yourself using 😀

    • @findmeanewplanet
      @findmeanewplanet Рік тому +1

      @@stellaeze7701 I know right!!

  • @chunyiufu6828
    @chunyiufu6828 11 місяців тому +2

    Really love the part about putting the 10% giving as priority before everything else. The world needs more of this !❤

    • @ernie9071
      @ernie9071 11 місяців тому

      This is the most difficult principle for people to embrace. I’m working on a hybrid split model between money and time.

    • @TobyMathis
      @TobyMathis  11 місяців тому +1

      I'm glad you resonated with the idea of prioritizing giving. It's definitely something I believe can make a positive impact in the world.

  • @marshallhennington4369
    @marshallhennington4369 Рік тому +6

    Mr. Mathis, this was excellent information. I appreciate the insight. Please keep it coming!

  • @obosumba
    @obosumba 3 місяці тому

    This is great and solid life advice. That said when something like The Great Recession comes and you lose your job, all your real estate, have your accounts confiscated, and are stuck with a huge tax bill and school loans even after bankruptcy then good luck. Nothing will convince your family to save and invest. Nothing.

  • @rysheppard
    @rysheppard Рік тому +2

    Best video on this topic I’ve ever seen. Thank you for sharing your wisdom freely!

  • @LetterzFromAbove
    @LetterzFromAbove 2 роки тому +6

    You sir are MUCH appreciated. Blessings be with you. 🥂

  • @zvinorovacollen858
    @zvinorovacollen858 9 днів тому

    Y give me hope Toby, fantastic teaching techniques ❤

  • @anonymoususer8046
    @anonymoususer8046 7 місяців тому

    Man… You have no idea how much I appreciate you my good sir… GREAT VIDEO!!! 😊

  • @ormedolugo364
    @ormedolugo364 2 роки тому +14

    You are a great educator, I'm a big fan. Thanks for what you do !!

    • @MK-ix1xm
      @MK-ix1xm 2 роки тому

      Agree...
      Its all about investing.. but wisely...
      So check out..
      Roulette session goku

  • @stevenconsulo5076
    @stevenconsulo5076 Рік тому +2

    I sent this to both of my kids. The best financial video. Thank you

    • @TobyMathis
      @TobyMathis  Рік тому +1

      Thank you for sharing 👍

    • @stevenconsulo5076
      @stevenconsulo5076 Рік тому +1

      @@TobyMathis Can you help me? I have a real mess.

    • @stevenconsulo5076
      @stevenconsulo5076 Рік тому +1

      I made an appointment with Anderson Advisor and the online workshop.

  • @anxheloripa449
    @anxheloripa449 Рік тому +5

    Finally, an amazing video with great values and lessons. This matches everything my mentors and parents taught me plus a bunch more. Thank you for the video 👏

  • @lb6774
    @lb6774 9 місяців тому +1

    I love that you include giving ❤