The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too
You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Rebecca Nassar Dunne 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..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions . We need urgent attention from all sectors to restore stability and stimulate growth. So best advice get out of debts, make regular investments be and be financially stable.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
Carol Vivian Constable 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..
The not buying a house does not work in the UK as 90% of rents are higher than a mortgage cost. Also if you want to start a family you need a stable place to raise your children and with renting you can be kicked out within a few months notice and your whole life could be turned upside down.
Sorry but where about are you based? Here in the South Rent is absolutely not higher than mortgage monthly costs lol. Your principle most likely works in the North where houses are cheap but not anywhere near London or its surroundings Oxford, Cambridge etc
I greatly admire your dedication to educating your audience. We all strive for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm thankful that I learned the importance of working hard for financial freedom at a young age.
In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining an expert’s assistance. The challenge is not just watching videos and reading investing books; it is about implementing information effectively.
I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.
true but also factor in available housing supply and population growth. In australia for example, we have a major shortage of housing with a HUGE demand for rentals and a growing population + migration levels. Despite a large hike in the cash rate to deflate inflationary pressures, housing growth has remained strong. That kind of equity can 100% capitalised on
Bought my small house and now mortgage free. Paid into a pension since 21 yrs old and now retired at 55. Not huge monthly payment but life and no longer working was always my aim and debt free. Happy, very happy.
Most people i speak too that have retired would love to be back at work . I had a week of last week and was bored sh@tless LOL I now know what they're on about . What the heck do you do all day ??
@@terryloker2585 lol. Walk my dogs, potter in the garden, meet friends and family, read, weekly blow dry lol. Had a very stressful career and am enjoying the sheer lack of it now. Spent time on myself, lost weight, no longer diabetic or have high BP. Am healthier now than I was in my 30’s. Love my life.
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Elisse Laparche Ewing 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..
most of the population can not beat the market. i like the slow unsexy investment Ramit has me doing. I got co workers damn near having panic attacks and adrenaline dumps because they use gamified apps and keep trying to be traders. experts have been proven to not do better than average people lol
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
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do you think you have more knowledge than an expert? how do you identify that under-the-radar that they didn't? You can do BET. you do your Due diligence and BET that it will go up... but it is never a certain thing. Even the 7% that they mention in funds is not 100% sure.... maybe the best payment is Bonds at 5/6% but that doens't pay the current inflation.
If you don't know what to do, then buying either US or world broad market ETF if best bet. Otherwise if you are an expert in your industry and understand competitors, then invest with insider knowledge. Be careful of experts who make promises as a lot of people and companies turn out to be scams, pump and dumps or go poof with your money.
Started my portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education!
Isn't VOO and VUG similar in the sense both are investing in the S&P 500? What is the difference? I thought it is generally advised against to invest in multiple ETFs or Mutual Funds?
There is 55% overlap with the holdings in VOO and VUG. 1 is tech heavy and the other is financials heavy similar, but not the same. VOO tracks the S&P 500; VUG is just focused on large cap growth stocks. VUG is a bit more volatile, but with a higher upside potential. VOO is a bit safer. I’ve never heard anyone advise against multiple ETFs/mutual funds. You just have to be aware of overlap. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Natalie Noel Burns who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I bought a house! It's the best thing I ever did! It's launched my mindset in new directions! Remember that having your own space has profound phycological impact and can be life changing for some that dont live in a healthy environment
This has been my experience, too. The great thing about a house as an investment is that you can live in it. Once it is paid off, living rent free is a fantastic retirement benefit. I also happen to be a person who likes to modify things.
@@rustyshimstock8653- it’s great to live freely after you’ve paid off the mortgage……until you need care and then the council takes your house to pay for it and you’re beside someone who lived in rented accommodation! I wouldn’t advise anyone to buy a house nowadays or if they did want the security, do the share purchase and put down the bare minimum for the mortgage element. If you lose your job, you’ll get benefits for the rental element but only the interest element of your mortgage.
It’s true that a house paid off is such a blessing and mentally satisfying. Though, depend where you live, some homes needs 20-30 years to be paid off. So if you live in low cost cities then that makes sense. In high cost cities, buying a home is super expensive
My experience. I purchased a house in 2013 with 20% down. My total payment including taxes, insurance, HOA is $1,800/mo. As of today, this exact same house is renting for $4,200. The property value has also gone up 3x! I'm glad I bought my house.
Me too. I built equity in my first house and was able to pay cash for this house. I watched my elders on a fixed income renting in a retirement community where they raise the rent! That was years ago and my goal was to have a place to live when I am too old to work.
I bought my house in Australia, 2020 middle of covid. 500k. Now worth 750k AUD. Equity to use for shares/ another house. Not buying a house has closed the door on people's ability to live in their own house forever. He talks about 7% annually with bonds however doesn't talk about the inflation rate being 7%.
I bought my house in Australia, 2020 middle of covid. 500k. Now worth 750k AUD. Equity to use for shares/ another house. Not buying a house has closed the door on people's ability to live in their own house forever. He talks about 7% annually with bonds however doesn't talk about the inflation rate being 7%. Realistically you need to atleast get 10% returns for it to be "profitable".
I brought in roughly $250K when I sold my Springfield flat. When my standard savings account yielded only $171 in interest, I became irate. I was told to buy stocks after completing some study. Are these stocks a suitable place to begin investing?
Although the stock market is exciting and can yield a healthy return on investment, professional advice is necessary for efficient portfolio management to prevent market burnout due to its extreme volatility.
I opened a 5.12863% interest compounded daily online high-yield savings account with the expectation of receiving $2,500 in interest on my initial $50,000 deposit at the end of the month. Rather, I was given just $420. The interest is calculated daily, which is not made plain on the internet, I was informed when I asked. After my spouse suggested that I use an advisor to switch to equities, I saw over 80% capital growth-not including dividends-in just six months. Strongly advised!
I work with Melissa Jean Talingdan as my licenced advisor. Simply look up the name. You would find the information you needed to schedule an appointment. She is excellent.
t's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.
That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with. Now I make six figures from my investments alone, and even more from my businesses.
I would love to hear Steven talk more about moving to a industry where your skillset is scarce. This small nugget has stuck with me. I would love to delve into that more.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor. ...
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows. ....
I’ve listened to him for years. He uses the “Don’t buy a house” thing, not because it’s necessarily true, but because it’s controversial and riles people up, which is how he gets people to follow and pay attention to him. It’s a brilliant marketing trick. The truth is that for many, a house is a good way to keep your rent steady, while for others, it’s not that helpful. The answer is it depend, but by taking a strong stake against buying, people will endlessly debate this idea in the comments of his videos, which the UA-cam algorithm loves
Agreed. I like your “rent steady” comment. My friends who bought houses 15-20 years ago have mortgages of $1,000. While people who rent pay $3,000. Renting catches up to you and steals all your raises and disposable income.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
I recently sold my home in the Boca Grande area and am considering investing a lump sum into the stock market before the anticipated rebound, couple of folks have been discussing a potential May rally, speculating on which stocks may experience substantial growth during the festive season. Do you have any insight into which stocks these might be?
If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.
Over the past three years, I have been working with an investment coach who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over 850k. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.
is it difficult to predict? i believed months ago interest rates would go higher and house prices would drop. i have no training but this guy explained it was inevitable .depends on who you listen to .People who remain in the same job when they are consistently wrong and not accountable ? the housing market applies to people who can afford to buy .this guy predicts that every generation will get poorer and it will continue.The number of people able to buy will reduce as the number of properties owned by rich can only increase and be rented with government policies which favour them .there will be more of a difference between the super rich and everyone else.the system is built that way .the tax on income is way more crushing than tax on wealth (assets owned by the wealthy )if leaders were concerned with fixing the economy have they not had enough time to do it(centuries)or want to actually do it ?the super powerful and wealthy have done so over generations and passed it on. how can every country have the same problem now ? it has been fixed to benefit a certain protected group. there has been a larger increase in the number of millionares and billionaires in the last 2 years than any period in the history of mankind. im not suggesting every politician is corrupted .some are incompetent but they are managers for the global business NOT representative of the people ua-cam.com/video/15ZDE0f9s_0/v-deo.html
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
There's private Funds that pay 8%,9% of MONTHLY compound interest. That's what I started doing in 2020 when I quit my job plus the Finantial Education I was never given at school. Do not expect those benefits from the centralized Finantial systems.
@@jamies6534 $711 includes my taxes and my and homeowners, monthly or yearly cost that I put into this house would never reach the 1850 that people are paying up my block plus it seems to go up $100 every year the rent that is, I bought this house for 110,000 and now it was estimated at 279! I don’t even believe that I would be able to afford to live in this neighborhood anymore if I had to pay $2000 a month. A neighborhood I grew up in and want to stay in. Also, I have it to pass down to my family. The reality is every situation isn’t for everybody. I understand that, but he just made a blank statement that you should never buy a house and I don’t agree.
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
I lived in a caravan next to a loch and some woodland for 8 years, saved a big deposit and bought an old stone semi rural cottage for £57k. Only a few years left on the mortgage. I dont care about being rich but my own home means the world to me!
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has tripled in barely one year and half, summing up nearly $1m after subsequent investments to date.
This is superb! I appreciate the implementation of ideas and strategies that result to immeasurable progress. This now leads me to the search for a reputable advisor, mind sharing info of this person guiding you please?
I've been working with "Kathleen Cheryl Constantz” for about 2 years now, and her performance has been consistently impressive. She’s known in her field, look her up.
At the very least, I understand the concept of leverage. Making money and achieving financial independence isn't as difficult as many people believe. With the right information, it is much easier to build wealth and maintain financial stability indefinitely. The only true way to earn a lot of money and stay wealthy indefinitely is to participate in financial programmes and products.
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
I've been making over six figures passively investing with Joseph Sylvan Anderson, who showed me the right community to join and grow my finances, and I don't have to do much work. I will always make money, even if the market is crashing.
He does appear to be very knowledgeable about this subject. I discovered his online page after conducting a Google search for his full name. I read through his resume, educational background, and qualifications, and it was very impressive. I left him a note and scheduled a call with him.
That is why I work with Joseph Sylvan Anderson, who introduced me to a better financial community, a verified agency where I learned about money and how to make it, and free books, courses, and daily lectures. You can also meet new people, which was the best decision I ever made.
You'll be better positioned for success in life if you work with a financial advisor like Joseph who has extensive experience in a reliable financial firm. The reason it's always a good idea to join the right community is because I'm glad I was able connect with "Joseph Sylvan Anderson" earlier this year because, while others were lamenting the market's decline due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone.
Yes, you are right, buying a house is one of the major things in life. It is a way of showing you are improving. It helps you save more instead of monthly or yearly rent. You know what is coming to you and what to save.
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
I remember when I just got into crypto back in 2019 but later in 2020, I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .
@@BraxtonScott452 This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Despite my young age I was always frugal with money (thanks to the financial traumas from the childhood). I was able to save up a cushion and quit my job just 3 days before the war in my country begun. Everybody was shocked how could I afford not working, support a family member and lots of pets for 6 months and not looking for another job. Even my ex-coworkers who had the same salary! Folks, it’s not magic, it’s discipline. But it’s also important to learn how to multiply money which is my next step and this podcast helps a lot. Thank you!
My father was a judge, Harvard Law valedictorian, 5 country clubs, had to have a new expensive car every year, new, while we often didnt have food on the table, and my mom had to go to work secretly (wives didn't work outside the home in our social class in those days). His obsession with status ruined his family, his mental health, and because those "things" didnt make him happy, he ended putting a bullet in his head. Things don't bring happiness, and he sacrificed every relationship he had...For "status".
Wow. My kids father abandoned his 4 kids, including an 18 months old autistic child for his career. ( MD n PHD epidemiologist from Cambridge). Never helped us with a dim. Took every little money we had, left us in debts and has never helped us.
Recently came across your channel and I’m so happy I did. I listened to this whole interview and learned so much. I’ve purge book and the journal. My life has just got better and better. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market? Thank you!
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Big Credits to ''Pamela Helynn Kirchoff '' she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Sharon has been a good guide through the year.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
Hello, I am in London and am considering investing in real estate as a way to get some passive income. A few years ago, my brother purchased a home in a county outside of London. Because he was unable to find tenants, the property was eventually repossessed. As a result of this experience, I'm concentrating on purchasing real estate in London, where it's quite challenging to obtain a mortgage because of the high cost of the properties. Would you kindly recommend an easy way, where one may try to sustain these cost on mortgage?
Houses are so expensive in the uk now. How would anyone pay off 400k plus, unless they want to commit to a ball and chain lifelong mortgage? Am I missing something? Seems like even if you had two professionals there that would take decades to pay off…?
Spot on Joe, generating returns are usually phenomenal. What would have been really interesting would be a proper breakdown showing their costs , services, investors return..
Really good insight sir, I have two properties offered off the market since the high interest, I have been offered a developer loan but Im interested on making more income, does he’s advisory give access to substantial equity returns to offset my mortgage?
Rule 1 by under a ltd company not your own name. Major benefits like mortgage interest rates are incorporated in costs and tax write offs. Plus many others do your research.
The S&P 500, if one sticks with it, outpaces inflation by many percentage points. I just want my money to keep outgrowing the inflation rate. That is why I'm looking for companies now to put in $80k for a start. Just don't know how to proceed
I've totally stopped believing in the S&P to deliver any significant return, especially this period. I'm thinking of redistributing my portfolio to other stocks, but I hardly know which ones will do well.
Partner with me, back multi family rental property. You provide money , I will find, buy ,rent and share in monthly returns. Old school bread and butter. East coast.
@@scarbo2229I was curious so I did a little digging. It's a site that sells "banned books", however its more likely a scam. Scam advisor gave the site a pretty low rating and it's wild how the op comment has 1k likes but no engagement in the thread.
Interesting video; I wish I had more time for experimentation, but I'll be 50 on December, and what i have done so far is to use all my entire savings to buy a house that i am still paying and i wish i know this ideas in my early 40s i would have made so much money to buy myself Houses and still have enough investment before i retire by the of 65
over the last 4months, and I've generated around $380K in net income. Having a coach has significantly strengthened my credibility and perspective on the market.
You should do a new video about MYSTICFLIP ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
Retirement for some people becomes their bondage in poverty because they failed to invest with the little they have on their active years of working, this is an error we need to start working on now, I’ll advise that while you still can work and earn also take some money aside and invest in your future after retirement so this classification won’t have to be yours
Stock investment has always been off the chart, it’s either you’re good at it or worse. It’s better to learn from an expert than venturing into stock market on your own 👌
There's a huge reset of wealth right now, commercial real estate is down at least 30% same with the stock market, high tech with huge multiple variations are down more than 40%. So is this a good sign to buy stocks, or do I just hold cash? I own a house already
transfer of wealth usually occurs during market crash, the more stocks drop, the more I buy. bear it in mind that investments are subjected to risk, hence it is ideal to seek guidance from an advisor unless you a pro yourself
Well said, I learn from youtube but got in touch with a well qualified advisor ever since losing out on my investments due to 2020 pandemic crash. At once, I started all over and after subsequent investments to date, I'm only 25% short of my first $1m.
this is inspiring! could you be kind enough with details of your advisor please? highly suspect i'm much too small game lately to handle investing myself, figured out its best to consult a license professional at this point
I purchased a house in 2014 and sold it 7 years later for a £66k profit. Ive put a large amount of the equity into a financial investment portfolio with my bank and its been down 2% since it went in. I also put some money into different shares based on warren buffets strategy and thats now up 18%. A friend of mine also lost about 30-40k on investing. You have to be very careful. I dont think theres a correct solution. Some house purchases do amazing. Follow your instinct and be sensible along the way while enjoying the few years we are on this planet!
You are not alone To keep up with rising cost we are beginning to see the equity of our home for what it truly is, Its becoming hard for us seniors not to ask the obvious question: Should we cash in, invest the money, and rent/relocate?
@@PurvisTwiggs Have you thought about keeping up with the whims of a Landlord? I am invested fully in the markets under a custodian who is a fiduciary to me and my beneficiaries. You should not sell your home with a good plan. That can only work if you are looking at investing under 5 years.
I know times are uncertain. I and my spouse are working on a ballpark estimate of $5M for retirement, and I have a good 6-figures each loaded up for this, if we sold our house you think we can do it in 5 years at most? I'm nearly 55.
I bought a 200 year-old house in Japan for under $3000. Currently I live in it and am doing some DIY to renovate and eventually rent it out as a holiday home.
I’m 32 mins in this video and I can actually understand everything he is saying. Sometimes the frustrating thing when you are a beginner is you just don’t get anything that experienced people are saying, he explains it really simple and concisely so thank you so much!
This is your best episode yet. I sent it to my kids who are both in their 20’s. Marriage isn’t the most consequential decision that affects finances, it’s children.
*Great Video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach*
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
I feel sympathy and empathy for low income individuals who are struggling to survive. If it weren't for my investments with Camila Lucinda I wouldn't be where I am today.
It's possible to diversify your investments at any stage in life. I personally sought out new investment options as I am in my 40s. I received a recommendation for a trustworthy broker from influential figures in the market and with her assistance, I was able to significantly grow my assets from $250,000 to $1,000,000 within the first two months of the year.
I paid off my house in 9.5 years, and im 38 years old. THe feeling of no mortgage or rent is the best thing i've ever done. I've been maximizing my investment yearly after paying off my house. This is something I couldn't have done if i was renting like these guys. Have a plan and stick to it.
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about a January rally and said stocks that would be experiencing significant growth these festive season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@bsetdays6784 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@@cloudyblaze7916 Having a counselor is essential for portfolio diversification. My advisor is Eleanor Annette Eckhaus who is easily searchable and has extensive knowledge of the financial markets.
I am a CPA/CFP and own multiple properties and worked with fortune 500s. There are very useful tips by the guest but also very dangerous tips to take at face value. The answer is always “it depends”. It depends how expensive the RE is in which location compared to the median income; how much your money is worth where you have decided to buy a property, but personally; nothing beats the peace of mind of not having a landlord. I will gladly pay 2 times more for that luxury.
$1000-$5000 every month to go into investment? Most people are struggling to put food on the table. Some have to choose between paying bills or eating. I think this is very out of touch !
I have a verity of options in London , please join London renters from 2000£ -100000£ per month, please don’t forget to register your guarantor… or proof of income-multiple by 3 … otherwise I won’t be able to rent a property for you 😢
@@vitalitycontractorsltd4776 Like this in Australia, too. Oh, you found a place you really like and you can (just) afford it? Maybe the garden you planted is just starting to come along. Too bad, the rent's going up by another $100 per week (on top of energy bills increasing by 28%). Say goodbye to the neighbours you've known for 3 years and pay to move everything ...again. Not only can my adult sons not afford to move out - *I* can't afford for them to go, either!
own a home is great !! borrow for travel and live below your "means@@@@@ enjoy your investments and dont pray that your stocks go up!!! mutual funds are great!!!
I sold ALL my properties. What a waste of time accumulating and buying houses was. I completely misunderstood the method to gittin rich. Now i just rent and live stress free. The markets are everything to me now. HNY y'all. ty 4 vid.
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 US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)Please do you mind referring me to your financial analyst?
My advisor is Christine Jane Mclean, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Investing in single-family home real estate is so morally wrong I can't understand how people sleep at night knowing they contributed to another family not being able to afford rent this month or worse put on the streets. For this reason, I only invest in commercial , retail real estate and stocks
*@BEAUTIFULDIANAFRANCIS* You're correct I just prefer to get my income and profit from stock ! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
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 a 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.
A wise saying about investing according to my Friend who is a CFA is to be Patient and Think Long-Term. She said, “The stock market is a device to transfer money from the impatient to the patient.”
Useful comments . As a beginner in stock I curiously searched the broker full name and her website popped up immediately. I looked through her credentials is good . I will be working with her also.
Until they keep raising rent on you as values and/or the landlord’s costs climb. Only salvation if the big bad govt steps in to shield you with price caps etc. But even that has a local cost to you down the road.
Hey great story, please keep us informed of your journey. Just a thought, I noticed the book that got you started was written by Jared Martinez. Jared is known as The FX Chief, he owns a company, Master Traders Institute ( MYSTICFLIP )in Florida. I am sure he would appreciate your story.
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss MYSTICFLIP
Not everyone buys a house for prestige. I live in a property that I own for a feeling of security and comfort in more ways than one. I lived in rental properties where the owner sold it from under my feet. I had strangers coming through the home I was living in. It was an inconvenience, to say the least. It came at a most inconvenient time when I had to put my energy into looking for another property to live in. So from then on, while renting, I was concerned that the owner may sell the property at any time. I hated the regular inspection of the real estate agent coming through where I lived. Owning my home I can have an animal at any point I choose to, whereas renting requires permission from a landlord who may not agree to it. In certain houses, the landlord won't even let you put a hook on the wall to hang a picture where a picture would belong. I can put my creativity into decorating my home, painting whatever colour I like and making adjustments to improve the function of the house. I am now mortgage free, and I am so glad to achieve my goal.
Totally agree, I have been renting for 20 years and when I calculate money I have paid and not happy where I was its more half a million. I decided last year to buy my own stand to build its lots of work but never been more happier and for my family and future generations and I don''t owe anyone.
I would sooner choose to own my own home; than travel and stay in swanky hotels. I also have part ownership in a small city rental (no mortgage) and the rental return is more than I could make by otherwise investing my money on the stock market - which to be honest, I don't understand, and in the past have only made losses on my investments.
@@thewayofthejumprope Yep! Invest in Vanguard and Blackrock so they can take your money and use it against you. They will push big companies like Budweiser to forward their message of wakefulness to your children.,
@@thewayofthejumprope Ramit is suggesting to invest in things like the Vanguard Target Retirement Fund XXXX (2065). This includes other vanguard products such as Vanguard Total Stock Market Index Fund Institutional Plus Shares & Vanguard Total International Stock Index Fund Investor Shares etc. where they tweak the allocation by the years. If you find these too risky, we can always just invest in the S&P500 such as VOO as it provides consistent historical returns.
Invest your whole life and die of cancer at 50 in a rented apartment. ;) okay, to the point. Invest and inflation and the government will take everything from you. governments will ban cash and introduce digital money. This advice was good 100 years ago, but everything has changed.
I would suggest that viewers carefully look at a UA-camr's credentials. Does the "financial expert" have years of experience as a banker, investment banker, Financial Advisor, etc? Do they have an MBA? Do they have a recognized certification? Have they ever held a Series 7 securities license? For example, I have an MBA and worked on Wall Street as a banker for 30 years with large European banks, earned my Series 7 twice (very rare) and was a Financial Advisor for Merrill Lynch for 2 years. Also, people need to stop looking at "get rich quick schemes". Growing your net worth and retirement assets is a marathon, not a sprint.
None of those credentials mean anything to be quite honest. It's all about mindset, psychology, and a healthy relationship with money. Those credentials don't make you a financial expert, or good at finances.
Invest your whole life and die of cancer at 50 in a rented apartment. ;) okay, to the point. Invest and inflation and the government will take everything from you. governments will ban cash and introduce digital money. This advice was good 100 years ago, but everything has changed.
Rents in my city almost doubled this year. I'm so glad I own my home as I would not be able to rent in this city let alone retire here. It was tough at first but as my income increased the monthly repayments were a smaller proportion of my income and much cheaper than renting.
That’s fantastic, you definitely made the right choice. For most people I think buying property makes sense if you do it right and understand what you are getting into. There’s a reason a lot of wealthy individuals come from real estate. The opportunity is tremendous and real estate is one of the few asset classes that always trends up! 🙌🏻
The property tax in my area for the average home went way up, and is more than my yearly rent. So I'm happy I don't own a home. Investing in my ROTH IRA and business.
Everyone forgets. ‘Rents are so high!!’ I agree. But if it’s high, just move. Renting gives you so much freedom. Property tax and home insurance is super high? Uh oh now it’s really hard to move cuz you own a building, I mean house. Be sure to cut your grass or else the HOA will evict you
Why would anyone need so much money at the age of 69? I mean, it's foolish to save in a fund all your life just to have 13 million dollars at 69. What utter nonsense. 😀😀😀😀😀😀
I buy small houses on large lots in towns where new houses are being built on small lots. Eventually the large lot will either be split or someone will want to build a mansion there. It’s always a “good deal/good idea” if it’s a good company/property etc. market fluctuations are just gravy.
Get your investments right before venturing into real estate, I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market I made my first mill from going diverse, mainly stocks, ETFs, few Cryptocurrencies and bonds. thankful to my now financial advisory Olivia Rene Reyes. It’s a long term plan for me so I invest and re-invest. about to purchase my second property ..she's the best in the business
@@JosephineGaule She really seems to know her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
ive been expropriated before because they decided to make my region into a national park, pretty much lost everything, they barely paid 10% of the total value
Fall behind your rent and your landlord can also kick you out. Once you own free and clear, your property tax becomes your "rent". Either way, you are paying property taxes our you are paying rent.@@ChicoDaUno
I’m doing good. My bills cost 30% of my income. But after listening to this video, I have learned a lot more about investing. I need to learn how to be better. Thank you!
Wish I had this advice 15 years ago. I purchased my first home 15 years ago because that’s what I was advised to do by the family and friends I deemed successful. Now 15 years later, on to my second home, and with two small children I wished I done what he is advising here. I feel stuck and too old to make significant changes that would get the results that I truly want.
Interesting. We bought and sold 2 places in London as a young couple, made a big wodge of cash through hard graft (I was pregnant at the time too, twice). So when we moved to Australia, we could buy a really nice place. Fast forward about 5 years - we became digital nomads. We travelled full time for almost 7 years. The house was rented out, it covered everything. Then we sold it and made a profit last year and moved to a farm property. Love it! So I think it very much depends on the state of the market at that point in time, how much reno work you're able to do yourself and how hard you're going to work. Also, where are you? Markets go hot and cold. London was mega hot back then, when we sold our big house in Australia the market was insane. We went up like $200,000 in value over a year. So, swings and roundabouts, but freedom is priceless. I have no interest in being wealthy. I just love freedom.
Very good comment. You provided more value in several sentence than this entire video. Have a look at how this speaker Ramit Sethi made his money. Similar to many of the so called 'financial gurus' out there, he made most his wealth/money teaching people how to make money. Oh the irony.
I like your post. I feels very familiar, although we stayed in the UK. I also feel, that women - and married men - have.a different view to single men.
You were lucky with timing there, but worked hard too. So yes timing is v Important and hot and cold times in market can make or break. You have your freedom because of your hard work plus luck timing wise. Nomad life is great but how long have you been doing this lifestyle? Great comment and wisdom from you. 👍
I have an MBA in finance and I can't remotely figure out math where renting would have been better than buying a home where I live. It's not even close. It's not like there's more money to invest if you rent. There's not where I live for sure. Even when you factor in the "maintenance" argument, the math just doesn't match what I've experienced over 20 years of owning a home. I'm easily worth $300k more than I would be if I didn't own my home. I actually have $1500 more dollars a month to invest right now, vs if I was renting my exact same home. His granny example is REDICULOUS as owning her own home is the only reason my grandmother had a home in her 90s.
Absolutely true here in Australia as well. Rents are so high due to lack of housing and we are at crisis especially women in their 60s who are at highest risk of homelessness.
Yep. I am not good with numbers but renting in South Africa for me with 3 kids is not sustainable. I choose to own a house ro raise kids, and at the end have a house not owing, and when I can't be employed no more, my kids have a home. Unlike being kicked out of a house with kids and having no where to go.
When gas prices went up I went from a car to a scooter. After rent prices went up I found a place I could live for free and arranged my storage unit to keep my things that I use often. I like to spend around $5500 on a car. The last 2012 Altima I found had 44,000 miles on it and was fully loaded. Status is just peer pressure.
Then rent with roomates. Be willing to make sacrifices. I'm 35 yo and I chose this year to share my life with 2 roomates so my rent in Paris can go from 1200€+/mo to 550€. The extra I save and invest. And also, a 3-6 months emergency fund is enough for most people. 1 year is overkill imo.
@@GoldChocobo77 People rent with roommates because they love it or they absolutely cannot afford to rent alone. The vast majority do not clean, create problems around what hours you are up, wreck your furniture and goods, and the laws make you all equally liable if someone wrecks the house or doesn't pay rent. Its ridiculously hard to get someone out who is on a co-lease and it's hard to get rentals and expensive to move if you own a decent amount of stuff. To top that all off the vast majority have never lived out of home and are in their early 20s.
The way that Ramit described about how successful people can “craft” their rich life - it’s a form of manifestation! The key is having absolute clarity!
My grandmother taught me hese things when i was young. She said 1)never get into debt and never use credit cards 2) split your income in five and put money away for a)expenses (food, shelter, clothing transportation) b) invest in a small bussiness not stocks c) a dream you have, sth you enjoy d) education or new skill you want to learn e) save for a goal, what are you saving for? She was a great with money. But society and marketing tells you the opposite... that is why everybody is living in debt... or paycheck to paycheck
I had student loan that interest rates were lower then bank interest rates so I earned on it... We had small business that was waste of several thousand £, I earned from stocks... I have master degree and earned less then people who worked physically in our company. Over last 8 years we would already own half of the house that we now rent...
@@justcurioushuman getting a loan be in debt pay it off to have a master degree and being paid less than those who dont have a degree in the marketplace.... I dont see the positive thing here...that is sth that nobody understands, it doesnt make sense
Just reality of what you said as an advice... I actually earned on this loan if you read properly - about 3-5% over inflation. It's because some of interest rates were paid by government. I hadn't use these money - most of it I kept on term deposit. Education in Poland is free but it was a waste of time. I would earn during that time much more and probably learnt more... Would gain experience. @@iaf4454
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself
I just withdrew my Profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@@SydPeppa I bought a big house way about my ability to pay for it. Almost lost it many times. But I am now single, collecting social security, rent out 7 of the rooms and make 70K /year. Can't even spend all that.
I didn't believe I was going to listen through this 1hour 38minutes and 21seconds video to the end! Its really interesting to have these types of conversation at least once every week, because financial literacy is the the true bone of existence with every other thing fleshing it up. Thanks for sharing...
I recently discovered your channel while browsing for something else. I've already watched 5 episodes and found them to be the best and most informative. As an artist I can paint with my right brain, my left brain is attentive to your content, which is on auto-play. I appreciate the amount of knowledge I gain from your episodes and I often share your work. Thank you for providing intriguing, entertaining, and educational content for everyone to enjoy and learn from. Keep up the excellent work!
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Vivian Carol Gioia” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
The best thing I ever did Buying my house almost 20 years ago. Best decision ever instead of throwing my money away on expensive rent far more expensive. I dont pay any morgage since 15 years and it is such a luxury to have your own nest you can leave whenever and always have a secure place to come back to. It is a ki d if freedom as well. Be cautious with all this advices and personal opinion.I never met anyone regretting buying their house , it is always a good investment too.
you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.
You are right, I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Purchased my first property at 17 yo, my husband bought his first house in the late 90s. We have a combined tally of (5) properties both in CA and in Hawaii, all of them create many thousands of dollars per month in passive income as vacation rentals or travel nurse rentals. We are able to retire early because of this extra income. Rental properties that create passive income that have modest upkeep and maintenance are excellent investments. Good luck.
Yeah, you grew up in a different world a thousand times over...Who the he can just go buy a house at 17 nowadays?! You have any idea how difficult things are out there??! This is so detached from reality it blows my mind.....
There is something going on at this time in the rental market that is new. The extreme increases once your lease is due to renew. It's so bad that some families are finding themselves homeless. Ramit might be wise to acknowledge this new phenomenal and update his narrative.
True. Not enough houses were built since 2008 and housing is more expensive now than any time in United States history. We need immigrants to come build for us!
@@shauna996No. Plenty of american builders can do this. Building is a learned skill. Why do you think they opened the borders? Sound of freedom anyone? More people also cobtributes to the housing problem.
I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?
I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.
I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.
The Adviser I'm in touch with is *'Nolan Velden Brent'* , he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. He provides entry and exit point for the securities I focus on.
Buying houses have worked for me . All of my houses are up at least 200k in value if I wish to sell them. If you keep renting one day you be living with 10 people in 1 house to afford rent
Honestly, this was one of your best interviews, Steven! I've heard similar advice before but this inspired me to immediately start writing out my vision for my rich life-2 pages so far! 🥰 BRILLIANT!! I'm so grateful for you both!! I don't live in the US so started investigating the options for investing in ETFs. Again, as a more mature consultant and entrepreneur...AMAZINGLY TIMELY! BLESSINGS!
The tale of three sisters in the same city: All rented and saved for a long time. Two rented together... until the landlord decided to sell. Both bought separate homes. One struggled a bit in the first 5 years or so, as there were some unexpected maintenance costs in the first few years, and she wanted to pay off her mortgage before she retired. The other was fine as she was not stressed what with her great pension plan. The third continued renting and investing from a very small earnings pool. 20 years later, the homeowners are giving thanks for owning as rents have skyrocketed. The owners actually intended to sell and rent in retirement but realize now that they will not be able to afford to do so. They both exhale with relief every time they think of the purchase choice. The third sister? Well she continues to rent in a very rent-controlled environment, though her landlord has tried every way to find loopholes to increase her rent... and then he sold. She lives in constant panic that she will eventually lose the battle to keep the unit and the very low rent that she's paying now. Should she get evicted, she will not be able to rent any where within 300 km of where she lives now... and forget buying as house prices have quadrupled since her sisters bought! Her savings have not. Ownership is not only about money but about security and peace of mind! I would really like this guy to run figures on how he was going to manage the ridiculous rent increases in London, and how that compares to the growth in his portfolio. Numbers matter in all circumstances!
He's telling you to run the numbers, a lot of people get into the housing market when they can't afford the home. You put yourself into more debt and that takes away your security if you can't afford the repayments. Most people think owning a home is just that you have repayments sorted, there is a lot more involved. I think owning a home is a good thing but they take a lot of maintenance $$$.
Steven's comment about finding the best market for your skills resonated well with me and I would like to share a bit of perspective on that from personal experience. Right after graduating from college, I took a year to Study Chinese in Taiwan in the 90's .I covered expenses by earning money on the side from teaching English. But teaching english distracted from immersive learning of Chinese. To minimize the time spent, I looked for how to teach fewer hours and spend more time learning and speaking Chinese. Teaching a class of 5 mothers was roughly 3 times per hour of teaching individuals. Then getting a scholarship from the school allowed me to cut back even more on teaching English to focus on learning Chinese. To cut back on teaching, I decided to raise my price until I had the fewer sessions and clients. I kept raising price far beyond the point I thought I the market would lose all interest and was shocked to see there were people willing to pay more per lesson. In these expensive sessions I took the time very seriously for my clients and would work very hard to help them advance. I even got more recommendations to teach more people at higher prices. I try now not to assume what people are willing to spend for higher-end products or services.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks, I just googled her I'm really impressed with his credentials. I reached out to her since I need all the assistance I can get.
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too
You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Hello, thanks for replying. I'm thinking of trying out an advisor, how can one reach a decent advisor like the one you use?
Rebecca Nassar Dunne 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..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions . We need urgent attention from all sectors to restore stability and stimulate growth. So best advice get out of debts, make regular investments be and be financially stable.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
Carol Vivian Constable 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..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
The not buying a house does not work in the UK as 90% of rents are higher than a mortgage cost. Also if you want to start a family you need a stable place to raise your children and with renting you can be kicked out within a few months notice and your whole life could be turned upside down.
In Australia too.
Dnt have kids.
Sorry but where about are you based? Here in the South Rent is absolutely not higher than mortgage monthly costs lol. Your principle most likely works in the North where houses are cheap but not anywhere near London or its surroundings Oxford, Cambridge etc
Exact same in Ireland absolutely terrible advice from this guy.
@@anishpatel344absolutely
I greatly admire your dedication to educating your audience. We all strive for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm thankful that I learned the importance of working hard for financial freedom at a young age.
In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining an expert’s assistance. The challenge is not just watching videos and reading investing books; it is about implementing information effectively.
I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks, I just googled Sharon and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.
With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.
You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.
Mind if I ask you to recommend this particular advisor you using their service?
true but also factor in available housing supply and population growth. In australia for example, we have a major shortage of housing with a HUGE demand for rentals and a growing population + migration levels. Despite a large hike in the cash rate to deflate inflationary pressures, housing growth has remained strong. That kind of equity can 100% capitalised on
the fact that nobody talks about the book called 'the hidden truths of wealth' speaks volumes about how people are stuck in a trance
@@matthewthompson0 IL need to check it out 👍
which book is that? can't find it
I was about to buy it, but its not on Amazon. Who's the author and what YEAR was it published?
The hidden path to wealth?
Bought my small house and now mortgage free. Paid into a pension since 21 yrs old and now retired at 55. Not huge monthly payment but life and no longer working was always my aim and debt free. Happy, very happy.
Most people i speak too that have retired would love to be back at work . I had a week of last week and was bored sh@tless LOL I now know what they're on about . What the heck do you do all day ??
@@terryloker2585 lol. Walk my dogs, potter in the garden, meet friends and family, read, weekly blow dry lol. Had a very stressful career and am enjoying the sheer lack of it now. Spent time on myself, lost weight, no longer diabetic or have high BP. Am healthier now than I was in my 30’s. Love my life.
What do you do with your time. Aren’t you bored?
@@2dogsahooman677 Oh your female . Sorry didn't realise that bit . Ok most men i speak to would rather stay working LOL
Retirement=death's waiting room
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Elisse Laparche Ewing 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..
most of the population can not beat the market. i like the slow unsexy investment Ramit has me doing. I got co workers damn near having panic attacks and adrenaline dumps because they use gamified apps and keep trying to be traders. experts have been proven to not do better than average people lol
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
do you think you have more knowledge than an expert? how do you identify that under-the-radar that they didn't?
You can do BET. you do your Due diligence and BET that it will go up... but it is never a certain thing.
Even the 7% that they mention in funds is not 100% sure.... maybe the best payment is Bonds at 5/6% but that doens't pay the current inflation.
If you don't know what to do, then buying either US or world broad market ETF if best bet. Otherwise if you are an expert in your industry and understand competitors, then invest with insider knowledge. Be careful of experts who make promises as a lot of people and companies turn out to be scams, pump and dumps or go poof with your money.
Started my portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education!
Isn't VOO and VUG similar in the sense both are investing in the S&P 500? What is the difference? I thought it is generally advised against to invest in multiple ETFs or Mutual Funds?
There is 55% overlap with the holdings in VOO and VUG. 1 is tech heavy and the other is financials heavy similar, but not the same. VOO tracks the S&P 500; VUG is just focused on large cap growth stocks. VUG is a bit more volatile, but with a higher upside potential. VOO is a bit safer. I’ve never heard anyone advise against multiple ETFs/mutual funds. You just have to be aware of overlap. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Natalie Noel Burns who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I bought a house! It's the best thing I ever did! It's launched my mindset in new directions! Remember that having your own space has profound phycological impact and can be life changing for some that dont live in a healthy environment
I agree. Not every decision in life needs to be about making money and being rich.
This has been my experience, too. The great thing about a house as an investment is that you can live in it. Once it is paid off, living rent free is a fantastic retirement benefit. I also happen to be a person who likes to modify things.
@@rustyshimstock8653- it’s great to live freely after you’ve paid off the mortgage……until you need care and then the council takes your house to pay for it and you’re beside someone who lived in rented accommodation! I wouldn’t advise anyone to buy a house nowadays or if they did want the security, do the share purchase and put down the bare minimum for the mortgage element. If you lose your job, you’ll get benefits for the rental element but only the interest element of your mortgage.
It’s true that a house paid off is such a blessing and mentally satisfying. Though, depend where you live, some homes needs 20-30 years to be paid off. So if you live in low cost cities then that makes sense. In high cost cities, buying a home is super expensive
My mortgage is significantly lower than what it would cost to rent.
My experience. I purchased a house in 2013 with 20% down. My total payment including taxes, insurance, HOA is $1,800/mo. As of today, this exact same house is renting for $4,200. The property value has also gone up 3x! I'm glad I bought my house.
Me too. I built equity in my first house and was able to pay cash for this house. I watched my elders on a fixed income renting in a retirement community where they raise the rent! That was years ago and my goal was to have a place to live when I am too old to work.
Same, we are so blessed to buy in 2005 . 300 now ite 450 crazy, we pay 1200 a month same house to rent is 2800..wow
Me too!!! I bought in 2-09 in cash!!! No payments for 14 years and I have freedom to work part time!!! Car paid for in cash also🎉🎉🎉🎉
I bought my house in Australia, 2020 middle of covid. 500k. Now worth 750k AUD. Equity to use for shares/ another house. Not buying a house has closed the door on people's ability to live in their own house forever. He talks about 7% annually with bonds however doesn't talk about the inflation rate being 7%.
I bought my house in Australia, 2020 middle of covid. 500k. Now worth 750k AUD. Equity to use for shares/ another house. Not buying a house has closed the door on people's ability to live in their own house forever. He talks about 7% annually with bonds however doesn't talk about the inflation rate being 7%. Realistically you need to atleast get 10% returns for it to be "profitable".
I brought in roughly $250K when I sold my Springfield flat. When my standard savings account yielded only $171 in interest, I became irate. I was told to buy stocks after completing some study. Are these stocks a suitable place to begin investing?
Although the stock market is exciting and can yield a healthy return on investment, professional advice is necessary for efficient portfolio management to prevent market burnout due to its extreme volatility.
I opened a 5.12863% interest compounded daily online high-yield savings account with the expectation of receiving $2,500 in interest on my initial $50,000 deposit at the end of the month. Rather, I was given just $420. The interest is calculated daily, which is not made plain on the internet, I was informed when I asked. After my spouse suggested that I use an advisor to switch to equities, I saw over 80% capital growth-not including dividends-in just six months. Strongly advised!
How can I meet this adviser, please? I need assistance investing my divorce settlement because it's now sitting in the bank earning little interest.
I work with Melissa Jean Talingdan as my licenced advisor. Simply look up the name. You would find the information you needed to schedule an appointment. She is excellent.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
t's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.
That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with. Now I make six figures from my investments alone, and even more from my businesses.
Thank you for the advice. When you say financial advisor, are you talking about hedge funds? And how do I get in touch with on?
Thank you for the recommendation. I'll send her an email, and I hope I'm able to make something out of it.
@@albacus2400BC Wait, Sharon Lynne Hart? Isn't she the one that exposed herself to all those people at that dog park?
“ how can you judge someone based on a reaction to a situation they’ve never been in?” what an amazing quote.
I would love to hear Steven talk more about moving to a industry where your skillset is scarce. This small nugget has stuck with me. I would love to delve into that more.
Yes! And how to do that if you are not in a position to move to Dubai..
The gaps close quickly and without realising it, he’s touched on an observable economic reality. It’s not durable.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
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True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
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Do you mind sharing your financial planner ?
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SUNITA SUZANNE BYG is her name,You are most likely to find more info when you look her up
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Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon....
I’ve listened to him for years. He uses the “Don’t buy a house” thing, not because it’s necessarily true, but because it’s controversial and riles people up, which is how he gets people to follow and pay attention to him. It’s a brilliant marketing trick. The truth is that for many, a house is a good way to keep your rent steady, while for others, it’s not that helpful. The answer is it depend, but by taking a strong stake against buying, people will endlessly debate this idea in the comments of his videos, which the UA-cam algorithm loves
Agreed. I like your “rent steady” comment. My friends who bought houses 15-20 years ago have mortgages of $1,000. While people who rent pay $3,000. Renting catches up to you and steals all your raises and disposable income.
Yeah well people are sick of “marketing” tricks and want real mentorship and honest advice, pass on this big stock fund management company poster boy.
@@Andy-wo9bmThen read JL Colins, 'A Simple Path to Wealth'. You won't regret it.
Yea. He is a bit of a clown show
dudes... just listen till the end. He talks exactly about that and says how people misinterpret him. Starting at 1:33:20
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
I recently sold my home in the Boca Grande area and am considering investing a lump sum into the stock market before the anticipated rebound, couple of folks have been discussing a potential May rally, speculating on which stocks may experience substantial growth during the festive season. Do you have any insight into which stocks these might be?
If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.
Over the past three years, I have been working with an investment coach who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over 850k. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.
@@JordanPortales I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?
is it difficult to predict? i believed months ago interest rates would go higher and house prices would drop. i have no training but this guy explained it was inevitable .depends on who you listen to .People who remain in the same job when they are consistently wrong and not accountable ? the housing market applies to people who can afford to buy .this guy predicts that every generation will get poorer and it will continue.The number of people able to buy will reduce as the number of properties owned by rich can only increase and be rented with government policies which favour them .there will be more of a difference between the super rich and everyone else.the system is built that way .the tax on income is way more crushing than tax on wealth (assets owned by the wealthy )if leaders were concerned with fixing the economy have they not had enough time to do it(centuries)or want to actually do it ?the super powerful and wealthy have done so over generations and passed it on. how can every country have the same problem now ? it has been fixed to benefit a certain protected group. there has been a larger increase in the number of millionares and billionaires in the last 2 years than any period in the history of mankind. im not suggesting every politician is corrupted .some are incompetent but they are managers for the global business NOT representative of the people ua-cam.com/video/15ZDE0f9s_0/v-deo.html
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Dude, just dump it into a mutual fund. Make your 8 percent. Be done with it. In 20 years you'll be happy with it.
Dollar cost average to minimize risk.
There's private Funds that pay 8%,9% of MONTHLY compound interest. That's what I started doing in 2020 when I quit my job plus the Finantial Education I was never given at school. Do not expect those benefits from the centralized Finantial systems.
I bought my house 10 years ago. My mortgage is 711 a month. Houses up my block rent for 1850 a month now. I’m happy with my purchase.
Absolutely. A home purchase during the housing crash is definitely paying off now. Our mortgage is way lower than rent these days.
You just highlighted the exact point he's making. The real cost of owning this property isn't $700 a month.
The NWO will soon change all that, unfortunately.
@@jamies6534 $711 includes my taxes and my and homeowners, monthly or yearly cost that I put into this house would never reach the 1850 that people are paying up my block plus it seems to go up $100 every year the rent that is, I bought this house for 110,000 and now it was estimated at 279! I don’t even believe that I would be able to afford to live in this neighborhood anymore if I had to pay $2000 a month. A neighborhood I grew up in and want to stay in. Also, I have it to pass down to my family. The reality is every situation isn’t for everybody. I understand that, but he just made a blank statement that you should never buy a house and I don’t agree.
Are the employers your region having trouble finding staff or do they hire live in staff?
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
I lived in a caravan next to a loch and some woodland for 8 years, saved a big deposit and bought an old stone semi rural cottage for £57k. Only a few years left on the mortgage. I dont care about being rich but my own home means the world to me!
So do I.
That's great
Caravan? Like a circus caravan?
I'm guessing you're not fromt he UK. A caravan is an RV in the US @@2sides_2everystory
@@overthinc I think it means a trailer. (?)
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
keep contributing! I'd suggest you consider financial advisory at this point in time, remember you are in for the long haul
I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has tripled in barely one year and half, summing up nearly $1m after subsequent investments to date.
This is superb! I appreciate the implementation of ideas and strategies that result to immeasurable progress. This now leads me to the search for a reputable advisor, mind sharing info of this person guiding you please?
I've been working with "Kathleen Cheryl Constantz” for about 2 years now, and her performance has been consistently impressive. She’s known in her field, look her up.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly. `
At the very least, I understand the concept of leverage. Making money and achieving financial independence isn't as difficult as many people believe. With the right information, it is much easier to build wealth and maintain financial stability indefinitely. The only true way to earn a lot of money and stay wealthy indefinitely is to participate in financial programmes and products.
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
I've been making over six figures passively investing with Joseph Sylvan Anderson, who showed me the right community to join and grow my finances, and I don't have to do much work. I will always make money, even if the market is crashing.
He does appear to be very knowledgeable about this subject. I discovered his online page after conducting a Google search for his full name. I read through his resume, educational background, and qualifications, and it was very impressive. I left him a note and scheduled a call with him.
That is why I work with Joseph Sylvan Anderson, who introduced me to a better financial community, a verified agency where I learned about money and how to make it, and free books, courses, and daily lectures. You can also meet new people, which was the best decision I ever made.
You'll be better positioned for success in life if you work with a financial advisor like Joseph who has extensive experience in a reliable financial firm. The reason it's always a good idea to join the right community is because I'm glad I was able connect with "Joseph Sylvan Anderson" earlier this year because, while others were lamenting the market's decline due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone.
Love the Blcktken300 content. I think this project is just as essential as HBAR and they both will be great movers
Seriously. "Rent don't buy" is one of the worst financial advice ever.
Yes, you are right, buying a house is one of the major things in life. It is a way of showing you are improving. It helps you save more instead of monthly or yearly rent. You know what is coming to you and what to save.
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
A major distinction between winning and losing is using the right strategy and of course with signals .
I remember when I just got into crypto back in 2019 but later in 2020, I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .
@@BraxtonScott452 This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Fantastic! can u share more details?
She's known as 'Julia Hope Marble'. One of the finest portfolio managers in the field.
She's widely recognized; you should take a look at her work.
Despite my young age I was always frugal with money (thanks to the financial traumas from the childhood). I was able to save up a cushion and quit my job just 3 days before the war in my country begun. Everybody was shocked how could I afford not working, support a family member and lots of pets for 6 months and not looking for another job. Even my ex-coworkers who had the same salary! Folks, it’s not magic, it’s discipline. But it’s also important to learn how to multiply money which is my next step and this podcast helps a lot. Thank you!
Most smokers smoke the value of 1-3 houses in their lifetime.
My father was a judge, Harvard Law valedictorian, 5 country clubs, had to have a new expensive car every year, new, while we often didnt have food on the table, and my mom had to go to work secretly (wives didn't work outside the home in our social class in those days).
His obsession with status ruined his family, his mental health, and because those "things" didnt make him happy, he ended putting a bullet in his head. Things don't bring happiness, and he sacrificed every relationship he had...For "status".
Wow. My father was weird too. May they both rest... wherever they may be.
Wow. My kids father abandoned his 4 kids, including an 18 months old autistic child for his career. ( MD n PHD epidemiologist from Cambridge). Never helped us with a dim. Took every little money we had, left us in debts and has never helped us.
@@dorisenga4701
May God be with all the way with you and your kids .❤
Oh my..cause he didnt live an authentic life. His life was all for show( so sorry to hear this (
Only yourself can give you happiness. And the love of God . Nothing can fulfill your heart,only true love and compassion.
Recently came across your channel and I’m so happy I did. I listened to this whole interview and learned so much. I’ve purge book and the journal. My life has just got better and better. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market?
Thank you!
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Please, could you recommend the FA you work with? I could really use some help right now.
Big Credits to ''Pamela Helynn Kirchoff '' she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Sharon has been a good guide through the year.
Thanks for this amazing tips, I found her webpage and booked a call session with her, she seems proficient.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
Hello, I am in London and am considering investing in real estate as a way to get some passive income. A few years ago, my brother purchased a home in a county outside of London. Because he was unable to find tenants, the property was eventually repossessed. As a result of this experience, I'm concentrating on purchasing real estate in London, where it's quite challenging to obtain a mortgage because of the high cost of the properties. Would you kindly recommend an easy way, where one may try to sustain these cost on mortgage?
Houses are so expensive in the uk now. How would anyone pay off 400k plus, unless they want to commit to a ball and chain lifelong mortgage? Am I missing something? Seems like even if you had two professionals there that would take decades to pay off…?
Spot on Joe, generating returns are usually phenomenal. What would have been really interesting would be a proper breakdown showing their costs , services, investors return..
Really good insight sir, I have two properties offered off the market since the high interest, I have been offered a developer loan but Im interested on making more income, does he’s advisory give access to substantial equity returns to offset my mortgage?
Rule 1 by under a ltd company not your own name.
Major benefits like mortgage interest rates are incorporated in costs and tax write offs.
Plus many others do your research.
If you’re reading my comment all the comments above are scammers trying to get your money via fake financial advisors.
The S&P 500, if one sticks with it, outpaces inflation by many percentage points. I just want my money to keep outgrowing the inflation rate. That is why I'm looking for companies now to put in $80k for a start. Just don't know how to proceed
I've totally stopped believing in the S&P to deliver any significant return, especially this period. I'm thinking of redistributing my portfolio to other stocks, but I hardly know which ones will do well.
This is probably what I should do. Who is your advisor, please?
What is her full name please@@HarrisRyan-oy8eo
Partner with me, back multi family rental property. You provide money , I will find, buy ,rent and share in monthly returns. Old school bread and butter. East coast.
@@__Salty😂😂😂
The best thing I've done is to start reading Newsletters on business/marketing etc. In my bio I have links to my favorite ones
😊
4
Who is your advisor and how can I contact him?
borlest forbidden money books (thank me later)
Borlest? What’s that?
@@scarbo2229I was curious so I did a little digging. It's a site that sells "banned books", however its more likely a scam. Scam advisor gave the site a pretty low rating and it's wild how the op comment has 1k likes but no engagement in the thread.
@@scarbo2229It's a scam. It's a site selling "banned books" but looking it up shows it's a scam
what kinda AI generated nonsense is this?
Interesting video; I wish I had more time for experimentation, but I'll be 50 on December, and what i have done so far is to use all my entire savings to buy a house that i am still paying and i wish i know this ideas in my early 40s i would have made so much money to buy myself Houses and still have enough investment before i retire by the of 65
That's right, contacting a consultant during the pandemic was how I was able to navigate the chaotic stock decline.
over the last 4months, and I've generated around $380K in net income. Having a coach has significantly strengthened my credibility and perspective on the market.
Nice summary, so who is the coach that tutored you? And how can I contact them, i'm in need of their skillset.
Lisa Ann Moberly is the FA assisting me with my investments; you can arrange for an appointment through her personal webpage.
This is a scam! You’re all bots. This conversation is sooo fake👎
You should do a new video about MYSTICFLIP ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
Retirement for some people becomes their bondage in poverty because they failed to invest with the little they have on their active years of working, this is an error we need to start working on now, I’ll advise that while you still can work and earn also take some money aside and invest in your future after retirement so this classification won’t have to be yours
You are right.!
Money invested is far better than money saved, when you invest it gives you the opportunity to increase your financial worth.
Stock investment has always been off the chart, it’s either you’re good at it or worse. It’s better to learn from an expert than venturing into stock market on your own 👌
Truth being told is I wouldn’t have made it this far without the help of an expert, I’ve grown so much through the guidance of Shanita Creswell
Wsap 📤
There's a huge reset of wealth right now, commercial real estate is down at least 30% same with the stock market, high tech with huge multiple variations are down more than 40%. So is this a good sign to buy stocks, or do I just hold cash? I own a house already
transfer of wealth usually occurs during market crash, the more stocks drop, the more I buy. bear it in mind that investments are subjected to risk, hence it is ideal to seek guidance from an advisor unless you a pro yourself
Well said, I learn from youtube but got in touch with a well qualified advisor ever since losing out on my investments due to 2020 pandemic crash. At once, I started all over and after subsequent investments to date, I'm only 25% short of my first $1m.
this is inspiring! could you be kind enough with details of your advisor please? highly suspect i'm much too small game lately to handle investing myself, figured out its best to consult a license professional at this point
I purchased a house in 2014 and sold it 7 years later for a £66k profit. Ive put a large amount of the equity into a financial investment portfolio with my bank and its been down 2% since it went in. I also put some money into different shares based on warren buffets strategy and thats now up 18%. A friend of mine also lost about 30-40k on investing. You have to be very careful. I dont think theres a correct solution. Some house purchases do amazing.
Follow your instinct and be sensible along the way while enjoying the few years we are on this planet!
You are not alone To keep up with rising cost we are beginning to see the equity of our home for what it truly is, Its becoming hard for us seniors not to ask the obvious question: Should we cash in, invest the money, and rent/relocate?
@@PurvisTwiggs Have you thought about keeping up with the whims of a Landlord? I am invested fully in the markets under a custodian who is a fiduciary to me and my beneficiaries. You should not sell your home with a good plan. That can only work if you are looking at investing under 5 years.
I know times are uncertain. I and my spouse are working on a ballpark estimate of $5M for retirement, and I have a good 6-figures each loaded up for this, if we sold our house you think we can do it in 5 years at most? I'm nearly 55.
Sincerely it's best to seek the advice of a stockbroker/fduciary right now, unless you're canny yourself.
@@TariqTrafficante can you refer me please, how can one get an advisor to work for them?
I bought a 200 year-old house in Japan for under $3000. Currently I live in it and am doing some DIY to renovate and eventually rent it out as a holiday home.
I love that. Were you from Japan originally?
Damn probably haunted too 😂😂
Did u have to be a japanese citizen to buy a house ?
Best comment here haha I also wanna buy a house in Japan!
Need more Blcktken300 content. Converted my ETH to BTC but kept my Blcktken300
I’m 32 mins in this video and I can actually understand everything he is saying. Sometimes the frustrating thing when you are a beginner is you just don’t get anything that experienced people are saying, he explains it really simple and concisely so thank you so much!
This is so helpful, especially for those who immigrated to the US and don’t have parents educated in investing.
For the love of your god, don't spend a THIRD of your income on play!
@@thinkfloyd2594if you can afford you should. Life is worth living.
This is your best episode yet. I sent it to my kids who are both in their 20’s. Marriage isn’t the most consequential decision that affects finances, it’s children.
Then you should send them the book as well. It's far more valuable, actionable and impactful than this. VERY easy to read/understand too.
don't reproduce should be the message. 🤣🤣 that would also help the planet a tiny bit. 8 billion+ people on the planet ffs...
I wouldn’t recommend sending the book - it’s overpriced junk and the all tips you can find online.
I was about to make this comment myself until I saw your lol
Åt dig 😊😊😊😊😊😊😊😅😊😅😊😊😅😊
*Great Video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach*
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some
I feel sympathy and empathy for low income individuals who are struggling to survive. If it weren't for my investments with Camila Lucinda I wouldn't be where I am today.
Interesting, you also trade with Camila? That woman has been a blessing to me and my family as well.
It's possible to diversify your investments at any stage in life. I personally sought out new investment options as I am in my 40s. I received a recommendation for a trustworthy broker from influential figures in the market and with her assistance, I was able to significantly grow my assets from $250,000 to $1,000,000 within the first two months of the year.
You're right; it's never too late to start preparing for retirement.
on te le gram page
The fact that you all mentioning the same name makes it sound fake a s skeptical
I paid off my house in 9.5 years, and im 38 years old. THe feeling of no mortgage or rent is the best thing i've ever done. I've been maximizing my investment yearly after paying off my house. This is something I couldn't have done if i was renting like these guys. Have a plan and stick to it.
Based on
Investing only pays off after like 20-30 years, those 10 years you missed of investing will hurt
Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
A lot of folks have been going on about a January rally and said stocks that would be experiencing significant growth these festive season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@bsetdays6784 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@@cloudyblaze7916 Having a counselor is essential for portfolio diversification. My advisor is Eleanor Annette Eckhaus who is easily searchable and has extensive knowledge of the financial markets.
@@bsetdays6784 Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
Best quote of the whole video... "I wish I had this conversation (with Ramit) when I was 18." Yep, me too...
I am a CPA/CFP and own multiple properties and worked with fortune 500s. There are very useful tips by the guest but also very dangerous tips to take at face value. The answer is always “it depends”. It depends how expensive the RE is in which location compared to the median income; how much your money is worth where you have decided to buy a property, but personally; nothing beats the peace of mind of not having a landlord. I will gladly pay 2 times more for that luxury.
$1000-$5000 every month to go into investment? Most people are struggling to put food on the table. Some have to choose between paying bills or eating. I think this is very out of touch !
I have a verity of options in London , please join London renters from 2000£ -100000£ per month, please don’t forget to register your guarantor… or proof of income-multiple by 3 … otherwise I won’t be able to rent a property for you 😢
@@vitalitycontractorsltd4776 Like this in Australia, too. Oh, you found a place you really like and you can (just) afford it? Maybe the garden you planted is just starting to come along. Too bad, the rent's going up by another $100 per week (on top of energy bills increasing by 28%). Say goodbye to the neighbours you've known for 3 years and pay to move everything ...again. Not only can my adult sons not afford to move out - *I* can't afford for them to go, either!
Land/property is Always the best investment in my opinion.
own a home is great !! borrow for travel and live below your "means@@@@@ enjoy your investments and dont pray that your stocks go up!!! mutual funds are great!!!
I sold ALL my properties. What a waste of time accumulating and buying houses was. I completely misunderstood the method to gittin rich. Now i just rent and live stress free. The markets are everything to me now. HNY y'all. ty 4 vid.
??? May I ask why and how did you come to the conclusion
@@NineTwo_JQi listened to the money expert and not the actual research data or self education/life experience. u get me? ;)
@@TheBlueskysonI mean, by your comment seems like you’re still listening to the money experts.
Sounds less than smart to me. Unless you bought the wrong properties.
why?you can rent those properties such as air bnb.
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 US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)Please do you mind referring me to your financial analyst?
My advisor is Christine Jane Mclean, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
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.
A Man who owns 20+ houses and rents them to others tells others that renting is better than buying.
Investing in single-family home real estate is so morally wrong I can't understand how people sleep at night knowing they contributed to another family not being able to afford rent this month or worse put on the streets. For this reason, I only invest in commercial , retail real estate and stocks
*@BEAUTIFULDIANAFRANCIS*
You're correct I just prefer to get my income and profit from stock ! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
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 a 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.
A wise saying about investing according to my Friend who is a CFA is to be Patient and Think Long-Term. She said, “The stock market is a device to transfer money from the impatient to the patient.”
Useful comments . As a beginner in stock I curiously searched the broker full name and her website popped up immediately. I looked through her credentials is good . I will be working with her also.
'Run the numbers and never feel guilty about renting' Well said...and thank you!'
Until they keep raising rent on you as values and/or the landlord’s costs climb. Only salvation if the big bad govt steps in to shield you with price caps etc. But even that has a local cost to you down the road.
This is crap advice.
Hey great story, please keep us informed of your journey. Just a thought, I noticed the book that got you started was written by Jared Martinez. Jared is known as The FX Chief, he owns a company, Master Traders Institute ( MYSTICFLIP )in Florida. I am sure he would appreciate your story.
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss MYSTICFLIP
DMV OVER HERE FACTS!!
I have a bachelor in banking and Finance,and I never learned this all in my 4 yrs of college.Golden resource...thank you
Then why you go??? Time =money
There is no such thing as a banking degree lol
its so basic lol
@@dillyfrank5562 unfortunately there are. Just not from any reputable uni
I learned everything i know from retired millionaire youtubers 😅
Ramit Sethi and Dave Ramsey changed my outlook on money for life and I only knew about them at age 41. Thank you for this conversation guys.
Not everyone buys a house for prestige. I live in a property that I own for a feeling of security and comfort in more ways than one. I lived in rental properties where the owner sold it from under my feet. I had strangers coming through the home I was living in. It was an inconvenience, to say the least. It came at a most inconvenient time when I had to put my energy into looking for another property to live in. So from then on, while renting, I was concerned that the owner may sell the property at any time. I hated the regular inspection of the real estate agent coming through where I lived. Owning my home I can have an animal at any point I choose to, whereas renting requires permission from a landlord who may not agree to it. In certain houses, the landlord won't even let you put a hook on the wall to hang a picture where a picture would belong. I can put my creativity into decorating my home, painting whatever colour I like and making adjustments to improve the function of the house. I am now mortgage free, and I am so glad to achieve my goal.
I feel the same. I hate renting and can't wait to get my own place.
Totally agree, I have been renting for 20 years and when I calculate money I have paid and not happy where I was its more half a million. I decided last year to buy my own stand to build its lots of work but never been more happier and for my family and future generations and I don''t owe anyone.
I would sooner choose to own my own home; than travel and stay in swanky hotels. I also have part ownership in a small city rental (no mortgage) and the rental return is more than I could make by otherwise investing my money on the stock market - which to be honest, I don't understand, and in the past have only made losses on my investments.
Well you can't keep renting a place forever lol
Not to mention in many states in the USA, rents are raised annually.
My Blcktken300 shorts are doing pretty well and I plan to hold much longer.
Wrote 4 pages on what rich looks like to me. Learned so much about myself. Thank you. Absolutely brilliant episode!
@@thewayofthejumprope Yep! Invest in Vanguard and Blackrock so they can take your money and use it against you. They will push big companies like Budweiser to forward their message of wakefulness to your children.,
@@thewayofthejumprope Ramit is suggesting to invest in things like the Vanguard Target Retirement Fund XXXX (2065). This includes other vanguard products such as Vanguard Total Stock Market Index Fund Institutional Plus Shares & Vanguard Total International Stock Index Fund Investor Shares etc. where they tweak the allocation by the years.
If you find these too risky, we can always just invest in the S&P500 such as VOO as it provides consistent historical returns.
Invest your whole life and die of cancer at 50 in a rented apartment. ;)
okay, to the point.
Invest and inflation and the government will take everything from you.
governments will ban cash and introduce digital money.
This advice was good 100 years ago, but everything has changed.
I would suggest that viewers carefully look at a UA-camr's credentials. Does the "financial expert" have years of experience as a banker, investment banker, Financial Advisor, etc? Do they have an MBA? Do they have a recognized certification? Have they ever held a Series 7 securities license? For example, I have an MBA and worked on Wall Street as a banker for 30 years with large European banks, earned my Series 7 twice (very rare) and was a Financial Advisor for Merrill Lynch for 2 years. Also, people need to stop looking at "get rich quick schemes". Growing your net worth and retirement assets is a marathon, not a sprint.
None of those credentials mean anything to be quite honest. It's all about mindset, psychology, and a healthy relationship with money. Those credentials don't make you a financial expert, or good at finances.
This is worth an hour and a half of anyone's time, two inspirational men.
Agreed
Invest your whole life and die of cancer at 50 in a rented apartment. ;)
okay, to the point.
Invest and inflation and the government will take everything from you.
governments will ban cash and introduce digital money.
This advice was good 100 years ago, but everything has changed.
Rents in my city almost doubled this year. I'm so glad I own my home as I would not be able to rent in this city let alone retire here. It was tough at first but as my income increased the monthly repayments were a smaller proportion of my income and much cheaper than renting.
That’s fantastic, you definitely made the right choice. For most people I think buying property makes sense if you do it right and understand what you are getting into. There’s a reason a lot of wealthy individuals come from real estate. The opportunity is tremendous and real estate is one of the few asset classes that always trends up! 🙌🏻
The property tax in my area for the average home went way up, and is more than my yearly rent. So I'm happy I don't own a home. Investing in my ROTH IRA and business.
Everyone forgets. ‘Rents are so high!!’ I agree. But if it’s high, just move. Renting gives you so much freedom. Property tax and home insurance is super high? Uh oh now it’s really hard to move cuz you own a building, I mean house. Be sure to cut your grass or else the HOA will evict you
Every place is different. I don't even tolerate a10 percent increase per year.
Guessing investment groups are paying this guy to con us all into thinking we should rent.
Nice work. I’ve been on the Blcktken300 train for a while, never sold as they are always building.
Why would anyone need so much money at the age of 69? I mean, it's foolish to save in a fund all your life just to have 13 million dollars at 69. What utter nonsense. 😀😀😀😀😀😀
Hit 247k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months.Started with 11k in last year 2023.
Wow, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius !
I'm 45 and have been looking for ways to be successful?
Haven’t you heard of mrs. Amelia Jason’s ?!
She has this skill of making complex crypto concepts easy to understand and is truly commendable.
You know her too? I'm also a proud beneficiary of her super platform. They’re the biggest custodians.
I buy small houses on large lots in towns where new houses are being built on small lots. Eventually the large lot will either be split or someone will want to build a mansion there. It’s always a “good deal/good idea” if it’s a good company/property etc. market fluctuations are just gravy.
Get your investments right before venturing into real estate, I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market I made my first mill from going diverse, mainly stocks, ETFs, few Cryptocurrencies and bonds. thankful to my now financial advisory Olivia Rene Reyes. It’s a long term plan for me so I invest and re-invest. about to purchase my second property ..she's the best in the business
An everyday millionaire. Well done
found her webpage by looking up her name online. Her resume is quite outstanding, I'll be writing a mail to her shortly
Very entrepreneurial of you
@@JosephineGaule She really seems to know her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Having your own House no mortgage hits different. The peace of mind knowing no one can take it away from you. Plus the property appreciates.
Don’t forget property tax.
Property can also depreciate.
The government CAN take it away from you if they decide to build something there.
BS! They can definitely still take from you. Fall behind on your taxes & then update the results.
Then don’t buy house in America. Move to other country
ive been expropriated before because they decided to make my region into a national park, pretty much lost everything, they barely paid 10% of the total value
Fall behind your rent and your landlord can also kick you out. Once you own free and clear, your property tax becomes your "rent". Either way, you are paying property taxes our you are paying rent.@@ChicoDaUno
I’m doing good. My bills cost 30% of my income. But after listening to this video, I have learned a lot more about investing. I need to learn how to be better. Thank you!
Wish I had this advice 15 years ago. I purchased my first home 15 years ago because that’s what I was advised to do by the family and friends I deemed successful. Now 15 years later, on to my second home, and with two small children I wished I done what he is advising here. I feel stuck and too old to make significant changes that would get the results that I truly want.
Interesting. We bought and sold 2 places in London as a young couple, made a big wodge of cash through hard graft (I was pregnant at the time too, twice). So when we moved to Australia, we could buy a really nice place. Fast forward about 5 years - we became digital nomads. We travelled full time for almost 7 years. The house was rented out, it covered everything. Then we sold it and made a profit last year and moved to a farm property. Love it! So I think it very much depends on the state of the market at that point in time, how much reno work you're able to do yourself and how hard you're going to work. Also, where are you? Markets go hot and cold. London was mega hot back then, when we sold our big house in Australia the market was insane. We went up like $200,000 in value over a year. So, swings and roundabouts, but freedom is priceless. I have no interest in being wealthy. I just love freedom.
Very good comment. You provided more value in several sentence than this entire video. Have a look at how this speaker Ramit Sethi made his money. Similar to many of the so called 'financial gurus' out there, he made most his wealth/money teaching people how to make money. Oh the irony.
I like your post. I feels very familiar, although we stayed in the UK. I also feel, that women - and married men - have.a different view to single men.
You were lucky with timing there, but worked hard too.
So yes timing is v Important and hot and cold times in market can make or break.
You have your freedom because of your hard work plus luck timing wise.
Nomad life is great but how long have you been doing this lifestyle?
Great comment and wisdom from you. 👍
You can't buy freedom, especially with the shot
I have an MBA in finance and I can't remotely figure out math where renting would have been better than buying a home where I live. It's not even close. It's not like there's more money to invest if you rent. There's not where I live for sure. Even when you factor in the "maintenance" argument, the math just doesn't match what I've experienced over 20 years of owning a home. I'm easily worth $300k more than I would be if I didn't own my home. I actually have $1500 more dollars a month to invest right now, vs if I was renting my exact same home. His granny example is REDICULOUS as owning her own home is the only reason my grandmother had a home in her 90s.
Absolutely true here in Australia as well. Rents are so high due to lack of housing and we are at crisis especially women in their 60s who are at highest risk of homelessness.
he never states its true for all cases, but often it is
Agreed
I travel for work, am a stock investor and move several times a year. I need a house?
Yep. I am not good with numbers but renting in South Africa for me with 3 kids is not sustainable. I choose to own a house ro raise kids, and at the end have a house not owing, and when I can't be employed no more, my kids have a home. Unlike being kicked out of a house with kids and having no where to go.
When gas prices went up I went from a car to a scooter. After rent prices went up I found a place I could live for free and arranged my storage unit to keep my things that I use often. I like to spend around $5500 on a car. The last 2012 Altima I found had 44,000 miles on it and was fully loaded. Status is just peer pressure.
How did you find a free place to stay?
@@molebogengm7456cardboard box on the side of the freeway
@@molebogengm7456 Squatting in an abandon house.
Having a one year emergency fund is honestly extremely hard when rent is around 1500 for a single bedroom 😭
I guess if you only make $2000 per month.
So true.
I know it’s dependent on where you live but me hearing that in my context thinks that is a steal 😮💨
Then rent with roomates. Be willing to make sacrifices. I'm 35 yo and I chose this year to share my life with 2 roomates so my rent in Paris can go from 1200€+/mo to 550€. The extra I save and invest.
And also, a 3-6 months emergency fund is enough for most people. 1 year is overkill imo.
@@GoldChocobo77 People rent with roommates because they love it or they absolutely cannot afford to rent alone. The vast majority do not clean, create problems around what hours you are up, wreck your furniture and goods, and the laws make you all equally liable if someone wrecks the house or doesn't pay rent. Its ridiculously hard to get someone out who is on a co-lease and it's hard to get rentals and expensive to move if you own a decent amount of stuff. To top that all off the vast majority have never lived out of home and are in their early 20s.
The way that Ramit described about how successful people can “craft” their rich life - it’s a form of manifestation! The key is having absolute clarity!
My grandmother taught me hese things when i was young. She said 1)never get into debt and never use credit cards 2) split your income in five and put money away for a)expenses (food, shelter, clothing transportation) b) invest in a small bussiness not stocks c) a dream you have, sth you enjoy d) education or new skill you want to learn e) save for a goal, what are you saving for?
She was a great with money. But society and marketing tells you the opposite... that is why everybody is living in debt... or paycheck to paycheck
I had student loan that interest rates were lower then bank interest rates so I earned on it... We had small business that was waste of several thousand £, I earned from stocks... I have master degree and earned less then people who worked physically in our company. Over last 8 years we would already own half of the house that we now rent...
@@justcurioushuman getting a loan be in debt pay it off to have a master degree and being paid less than those who dont have a degree in the marketplace.... I dont see the positive thing here...that is sth that nobody understands, it doesnt make sense
Just reality of what you said as an advice... I actually earned on this loan if you read properly - about 3-5% over inflation. It's because some of interest rates were paid by government. I hadn't use these money - most of it I kept on term deposit. Education in Poland is free but it was a waste of time. I would earn during that time much more and probably learnt more... Would gain experience. @@iaf4454
I think you’d really like the book “the psychology of money”
There's absolute gold in this interview. Anybody under 25, listen carefully!! And most of all, apply!!!
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.
It's a miracle and I would testify, $110,000
every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.
I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself
Thank you Lucy Mary Liam $45,000 weekly Profit regardless of how bad it gets on the economy.
I just withdrew my Profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Buying a house also improves quality of life. But it has to be done in financially responsible manner
So does living off of passive income from businesses, stocks paying 200 a month rent on a Island in Thailand or South America
Yes but it can also drain the hell out of you.
@@SydPeppa I bought a big house way about my ability to pay for it. Almost lost it many times. But I am now single, collecting social security, rent out 7 of the rooms and make 70K /year. Can't even spend all that.
But..how?😂
@@styell5404 won’t own anyway in 2030 own nothing and be happy
I didn't believe I was going to listen through this 1hour 38minutes and 21seconds video to the end! Its really interesting to have these types of conversation at least once every week, because financial literacy is the the true bone of existence with every other thing fleshing it up.
Thanks for sharing...
The most important rule is not to trust people who give you advice how to make money, in exchange of your money..
"...when I studied human behaviour and PERSUASION and psychology..." ~ Ramit, the guest 🤡🤡
I recently discovered your channel while browsing for something else. I've already watched 5 episodes and found them to be the best and most informative. As an artist I can paint with my right brain, my left brain is attentive to your content, which is on auto-play. I appreciate the amount of knowledge I gain from your episodes and I often share your work. Thank you for providing intriguing, entertaining, and educational content for everyone to enjoy and learn from. Keep up the excellent work!
I bought a townhouse in 2018, it's worth $100k more than when I bought it, and I'm about to sell it in a couple months. Feels like real money to me.
Are you sure you will be able to sell it in this economy?
@@AndyLux123 I live between DC and Baltimore. I'd be surprised if it stays on the market longer than a day.
Great job getting in at the right time. Get out while the getting good...... timing is everything.
Then what ?
Any update on how things went with selling? As someone else mentioned... then what?
I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
@@hankmarks69 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is the professional that guides you?
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Vivian Carol Gioia” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
Scammers
So thankful I was able to buy my condo in 2019. Renting in the same area would cost me $1500 more per month now and I wouldn’t have $350k in equity.
The best thing I ever did Buying my house almost 20 years ago. Best decision ever instead of throwing my money away on expensive rent far more expensive. I dont pay any morgage since 15 years and it is such a luxury to have your own nest you can leave whenever and always have a secure place to come back to. It is a ki d if freedom as well.
Be cautious with all this advices and personal opinion.I never met anyone regretting buying their house , it is always a good investment too.
$100K BY THE END OF THIS YEAR?
HOW ARE YOU GUYS MAKING THIS MONEY?
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
You are right, I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
These guys selling content
Purchased my first property at 17 yo, my husband bought his first house in the late 90s. We have a combined tally of (5) properties both in CA and in Hawaii, all of them create many thousands of dollars per month in passive income as vacation rentals or travel nurse rentals. We are able to retire early because of this extra income. Rental properties that create passive income that have modest upkeep and maintenance are excellent investments. Good luck.
Yeah, you grew up in a different world a thousand times over...Who the he can just go buy a house at 17 nowadays?! You have any idea how difficult things are out there??! This is so detached from reality it blows my mind.....
@@stonedapedefunct7131my first property was a 3-acre parcel sans house and cost $12500, which is easily recreate-able in todays market.
I have made very deliberate decisions on my personal finance after listening to this podcast. Kudos Ramit.
I bought a townhouse for my first home...zero percent down, no closing costs, and my mortgage was cheaper than any friends rent.
There is something going on at this time in the rental market that is new. The extreme increases once your lease is due to renew. It's so bad that some families are finding themselves homeless. Ramit might be wise to acknowledge this new phenomenal and update his narrative.
Inflation? Not new.
@@AndyLux123 Maybe in your neck of the wood, but here it is not only inflation. THere is a greed never seen before.
True. Not enough houses were built since 2008 and housing is more expensive now than any time in United States history. We need immigrants to come build for us!
@@shauna996😢😂😂
@@shauna996No. Plenty of american builders can do this. Building is a learned skill. Why do you think they opened the borders? Sound of freedom anyone? More people also cobtributes to the housing problem.
I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?
I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.
I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.
That's impressive! I could really use the expertise of the advisor, my portfolio has been stagnant.... Who’s the person guiding you?
The Adviser I'm in touch with is *'Nolan Velden Brent'* , he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. He provides entry and exit point for the securities I focus on.
Buying houses have worked for me . All of my houses are up at least 200k in value if I wish to sell them. If you keep renting one day you be living with 10 people in 1 house to afford rent
Honestly, this was one of your best interviews, Steven! I've heard similar advice before but this inspired me to immediately start writing out my vision for my rich life-2 pages so far! 🥰 BRILLIANT!! I'm so grateful for you both!! I don't live in the US so started investigating the options for investing in ETFs. Again, as a more mature consultant and entrepreneur...AMAZINGLY TIMELY! BLESSINGS!
The tale of three sisters in the same city: All rented and saved for a long time. Two rented together... until the landlord decided to sell. Both bought separate homes. One struggled a bit in the first 5 years or so, as there were some unexpected maintenance costs in the first few years, and she wanted to pay off her mortgage before she retired. The other was fine as she was not stressed what with her great pension plan. The third continued renting and investing from a very small earnings pool. 20 years later, the homeowners are giving thanks for owning as rents have skyrocketed. The owners actually intended to sell and rent in retirement but realize now that they will not be able to afford to do so. They both exhale with relief every time they think of the purchase choice. The third sister? Well she continues to rent in a very rent-controlled environment, though her landlord has tried every way to find loopholes to increase her rent... and then he sold. She lives in constant panic that she will eventually lose the battle to keep the unit and the very low rent that she's paying now. Should she get evicted, she will not be able to rent any where within 300 km of where she lives now... and forget buying as house prices have quadrupled since her sisters bought! Her savings have not.
Ownership is not only about money but about security and peace of mind! I would really like this guy to run figures on how he was going to manage the ridiculous rent increases in London, and how that compares to the growth in his portfolio. Numbers matter in all circumstances!
He literally said that buying a house should be a personal decision
He's telling you to run the numbers, a lot of people get into the housing market when they can't afford the home. You put yourself into more debt and that takes away your security if you can't afford the repayments. Most people think owning a home is just that you have repayments sorted, there is a lot more involved. I think owning a home is a good thing but they take a lot of maintenance $$$.
Etc😊😊 cuz yzztar😢dxa@
@@josephineb5643put it into the market. The market built murica stop being a goose.
@@josephineb5643401k can be stolen by the government. Buy gold, silver, food and guns. Those will actually hold their value.
Steven's comment about finding the best market for your skills resonated well with me and I would like to share a bit of perspective on that from personal experience. Right after graduating from college, I took a year to Study Chinese in Taiwan in the 90's .I covered expenses by earning money on the side from teaching English. But teaching english distracted from immersive learning of Chinese. To minimize the time spent, I looked for how to teach fewer hours and spend more time learning and speaking Chinese. Teaching a class of 5 mothers was roughly 3 times per hour of teaching individuals. Then getting a scholarship from the school allowed me to cut back even more on teaching English to focus on learning Chinese. To cut back on teaching, I decided to raise my price until I had the fewer sessions and clients. I kept raising price far beyond the point I thought I the market would lose all interest and was shocked to see there were people willing to pay more per lesson. In these expensive sessions I took the time very seriously for my clients and would work very hard to help them advance. I even got more recommendations to teach more people at higher prices. I try now not to assume what people are willing to spend for higher-end products or services.