Anton Kreil - Build and Own Your Own Infrastructure
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- Опубліковано 28 вер 2024
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Clip from "10 Secrets to Achieve Financial Success" - • 10 Secrets to Achieve ...
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Taxi driver quit his job after the ride
He has his own car
😂😂
😂😂
😂😂😂
The camera guy quits, too.
Anton: "It takes 20 years to become an overnight success" - Me: "Sheeeeeeeeeeiiiiiiiiiiiiiiit!"
Exactly! This is a huge reason why I became a minimalist and digital nomad, options and futures trader. Of course, I also like traveling full time. But, living a lifestyle that barely costs me $500 a month to survive, makes it extremely easy to build my risk capital reserves quickly and compound my returns exponentially. Plus, I have the added benefit of being able to conduct my investing at any location of my choosing. I have no employees, no customers, no inventory and most importantly, no boss. I cannot be fired, downsized or become obsolete.
I actually tried the employees part and came face to face with the modern university graduate. Ill do without it
That's awesome. Id really like to know how you're doing this. I have been seriously contemplating doing something similar as a trader, if you have any tips starting out it'd be greatly appreciated.
Why not? Live in Thailand...
some countries r beautiful and u can live on very cheap... i dont find it hard to believe at all. in some countries u can live on $10 a day like a king.
M Ibrahim It would be very difficult to give tips. There are so many moving parts to a minimalist trader lifestyle.
Free Education for the Taxi driver.
i bet dat taxidriver didnt understood a single word......
@@jurajontko8563 thats racist XD
@@TIB5 no it isn't. The first time I heard financial talk I didn't understand it. If he means that the cab driver is an immigrant, then he/she probably didn't. That's not racist.
E D Fernandez cringe, you talking about taxi drivers not knowing numbers hahaha! He makes more money than university graduates! And most of them educated but doesn’t wanna stuck in cubicle, working for peanuts! Most of them makes £40k to start with
Plot twist, the taxi driver was elon musk
This is GOLD. Do more of these finance and investing videos please
Tbessix220 same here, but I am passing it onto my kids and do the best I can to turn the ship around :-)
This is the best anton kreil video I have watched so far...
This video and the long-form version it's derived from are the most valuable contributions to UA-cam that I've seen in 15 years. Wish I'd seen this when I was leaving school, but doing my best to make up for lost time.
When I started working 10 years ago I knew I didn't want to own apartment and that I wanted to grow capital to become free of labor. Today I have about $190k, rent: $400 and I save (invest) $2300 every month.
@ 5:00 Holy crap! I can't believe we share the same idea about insurances! I just never had the right words to use to defend my idea why I'm not so convinced about insurances. I guess the whole smiles and good looking insurance agents make me skeptical.
"The only real way to insure yourself against that is to actually just become wealthy. If you spend all that time knowing that that could be the case, it's lazy to go and pay for a premium/policy that may never actually pay out."
So good. So freakin good.
This is essentially the 'FIRE' (or financial independence, retire early) approach to living. Increase your earning power and reduce spending. Eliminate debt.
Easy on paper but hard to achieve for many people believe it or not. They always anchor themselves down to shit they don't need.
@@vixcentral “keeping up with the joneses”
Taking on mortgage debt isn’t the problem. Taking on a mortgage you can barely afford is. You need to be able to make additional repayments on your mortgage to pay it off as quickly as possible.
But in the meantime you get wealthy, insurances can be an instrument not to go into bankruptcy again.
Sure thing, debt is a killer literally because of the stress and no way out of the trap! Debt free and owning something that pays you a lasting income is the only way, such as property or land and learning to trade correctly, but is hard for most people to grasp because its an "I want it now" society and few have the patience and determination, but this is what we need to teach our kids as parents and show by example!
One does not "become wealthy" overnight....it makes sense to cover basic needs with insurance in most cases. Don't keep coverage forever, just until your assets can pay you/your family if you get knocked out
Damn this is literally what i am doing. 😯 the position im in now and im gettig ready to start trading next year with 2 businesses as my foundation. This will be my third but more of a passion.
hows your trading going so far? or just beginning?
What a lucky cab driver
7:06-7:33 is my favorite part. Debt is horrible!
Talk about relying on your children. I'm only 24 and already have to support my father's family, that makes it impossible for me to even dream of a life with no liabilities. Even though I make six figures per year.
You can always decide for yourself, boy
I was in your situation. Get out, as early as you can. Everything is responsible for themselves.
Don’t give them a dime their not your responsibility 😊
The old accounting equation states Assets = Capital + Liability. Creating wealth efficiently is a balancing act of adequately allocating capital to acquire assets, and taking on cheap debt when capital is scarce. Insurance is hedging against unpredictable circumstances. Yes, you might never use it, but if shit hits the fan and you are not prepared it might take you years to recover or never. Saving for the short to medium term makes sense but long-term saving is a liability if you take into account the time value of money.
Affordable homes, homesteads, farms for sale in Adriatic South Italy with low property taxes of less than $100 USD a month. Work your online business in a cheap economical region.
Absolute hero!! 👐
Great logical advice
8:35 GOLD
im half way through building my infrasturue about 6 months away its been fucking mental
Teach this to children in schools
And watch the system collapse. 😆 The Matrix must be preserved!
Free way of reducing risk: wear your seatbelt ;-)
So you are literally just giving away money freely to insurance companies… it’s like someone literally created a company to get u to give them money for no reason but do a little of what they say they would do to seem legit
Hey there... I wanna join your Mentor program but cant access your web... it shows Access Denied...
Then the jolly old Fed Reserve comes in, QE4 to infinity + soon to be negative rates and destroys the value of everything you saved lol.
ok then tell us how to start building the infrastructure
00:54 - "what you've got to do, and it might sound obvious, and what you have to do is save and build your asset base..." He literally spells it out in the first 3 minutes of the video :)
Stop smoking, sell your car, stop taking credits, buy only with cash, safe 500-1000$ a month for 2-3 years, start invest small in stocks or FX. Done!
Start saving and growth investing
the taxi driver terminated all his insurance policies after the ride
I wish Anton was my dad... sorry real dad!!
Start up a business...good and fine...but the business needs to make profit. Otherwise its better to go work for a boss.
Yeap guys like these go for $ 500 haircut.
Taxi driver dropped them off then killed him self.
I think my girlfriend used to be an asset but now has become a liability which might lead to a going concern issue for me and lead to bankruptcy of my soul... I'm thinking of writing her off as a bad debt.
Nidulamak Nidulamak so how did this end up? Haha
Turn her back to the dealer and finance a new one. That way at least people's heads will turn to acknowledge your success you've been financing with your credit card on lululemon and starbucks.
@Peter Peter lmao cash covered puss.
Should have recognised the provision from day one.. be prudent...
lol
Damn I thought this would be a bricklaying tutorial
This is absoloute class. Been trying to explain this to my 51 year old dad for a few months.
Dont try to put it in your ancestors, put it into your future!
This is the productive part of youtube, im glad im here.
That taxi driver is probably a millionaire now after hearing this
Here I thought I was doing everything right getting a 100k a year job, a house, medical care only for Anton to make me feel like a tool
Anton, a superb video. I live on a modest income and have over 7 years build my own infrastructure so far £500k in 7 years. I've literally done everything you said. It's not rocket science. I think the reason so few do this is cultural. It's seen as normal and expected that people just sign up to debt instruments, which hamper their ability to accumulate wealth.
my guy
Good for you, man! Do you do real estate or what? I just graduated but I have a ton of student loans. I'm hoping to have them paid off in 2 to 2.5 years. I've seen people I knew go out and buy new cars and all kinds of stuff when their income went up but I'd rather spend it on assets that are going to increase my net worth and produce cash flow. A lot of people's goals are to do things that are self destructive in the end like save to buy a brand new car. I try to make goals that will open up new opportunities like I want to get a rental property. Even if you have to start small, the most important thing is just to get started!
That cabbie got some valuable information for free and probarly did not know it.
This is exactly what I have done.
1. Limit your liabilities
2. Save as much money you can every month for 2-3 years. Go down to part-time job.
3. Start invest your money wisely
4. Start living life you want.
Varis Svärd investing your money? Where? The money you saved in three years mean shit.. what do you do with 20.000 ?
@@unknowndriver6652 Lazy people see problems and stop.
Successful people see problems and find solutions.
Johannes Terzis you see $20,000 for what it is, I see it as $75,000 over 10 years or what you can and should do with it over time if you're smart. Now I think you're right it's not anything to quitting your job over, people do tend to be extreme with these decisions
It's 2021 and I am absolutely shocked at how many Americans do not work for passive income. If this pandemic didn't teach you anything, it should have taught you the absolute need to create multiple streams of passive income. There's no safety in trading time for dollars.
The wife and I have been living and trying to stick to this philosophy for years now, its so good to hear that Mr Kreil backs me up. It feels like the world has gone mad on credit but looks at us, as though we are the idiots. Look at the elite, they OWN property so the money just keeps coming.
I would take a 50% pay cut for this guy to be my direct manager
I would push back on the insurance bit. The amount you save on insurance premiums by "self insuring" can be multiple orders of magnitude less than it would cost to pay for an accident yourself. Insurance is basically a sophisticated way of splitting the costs of damaging events that are statistically unlikely to happen to any one individual within a certain category of risk. The one big caveat is health insurance, because those markets are heavily manipulated by governments to prevent insurance companies from properly splitting clients into their own distinct risk categories. So with health insurance in the US, you're not just paying the rate of people in your risk category but also contributing towards the risks of other people in higher risk categories, and this is just one of dozens of reason the premiums are highly inflated in health insurance markets. This kind of regulation was basically seen as a "compromise", but really if we're being honest it was just a way to get socialized medicine through the backdoor.
Agree with most of it. But some people do prefer stability to freedom. The price of freedom is that you are in charge. Not a lot of people can handle that
Great...our education system should teach these applied finance maxims from childhood to make self dependent nation..
It shouldn’t, the system wouldn’t work if they teach that. This is a self discovery and to be able to get to this point, you have already worked in yourself. Life is about this, to discover and apply things.
What he is saying is actually common sense if one thinks about it. Unfortunately, corporations flood the media with advertisements designed to make people forget common sense and chase fast wealth. Wealth is hard to make. It Does take 20 years as Anton said. You need to save, build infrastructure (any business) and avoid taking liabilities as you do so (debt with interest). It is the classic way to become rich that in theory should always work. Then, it all depends on how smart, efficient and profitable your infrastructure is.
real trader - taxi cab
fake guru - rent a lambo to look like rich and sells more course
I bet he has insured himself for millions. Irony is, the wealthier you are the higher insurance you would take.
The fact is insurance is not an investment, the purpose it serves is different than investment.
So much respect for Anton such a down to earth person
These principles don't work for every walk of life. I've spoke to multiple traders and individuals who actually own exchanges. This is a subset of people who believe they always have to be liquid, they always have to own cash so they can front run and maximise the opportunities that are presented to them in life. Anton and individuals like him are in ingrained in this mindset not everyone is a trader and not everyone can be a trader. Debt can be beautiful thing just depends on the context. I am fan of ITPM.
Thanks, great content. Building my infrastructure and asset base currently 24💰
That's pure science Anton is dispensing! Gold! I hear it loud n clear!
Ive built up my online business over a few years. I can choose 2 palm trees and a hammock as my bedroom. I could make more if I had a career/job in one place but this way I can rent great places for less than the cost of UK monthly council tax and if I get bored/pissed off I can just choose somewhere else. Adding portfolio management/trading through the PTM now and loving it.
The part about building your asset base with limited/no liabilities for the purpose of generating passive income is superb advice.
Sounds like Dave Ramsey ‘s philosophy...thanks for posting this , you want what others have ,, then do what they do,24/7
I tried being my own boss but my own boss could not pay me and hence I am working under another boss.
The Richest man in Babylon's Great 18 x grandson....
I am hourly worker. Instead of having a medical insurance, i started to invest 350$ a month into stock market
My friends told me that i am crazy.
Don’t listen to them. You’re a G bro
How it s going ?
@@jameljeanjacques8511 , i was keep investing through whole year and made 50% profits on S&P500. Thanks to covid and market drop
Thats silly to be honest. GO learn a high income skill. Use that income to generate income. Sell uojr services/ skills etc. Then invest in the stock market.
@@alaminm182 i am making 150k a year as a software engineer and investing on biweekly basis. I dont agree with you that it's silly
Having that boring life now is so that when you are making your money you don’t spend it on crap that don’t pay you, add value and just suck you dry, ie. liabilities.
It is pretty clear that when it comes to financial free, it is all about what you do with the money once you have it rather than how much you are earning!!
People feel powerless because they claim they cannot control the outcome of everything . I agree, however every individual can control 3 things: 1) What they focus on 2) How they interpret the situation 3) What they choose/decide to do about it!!!
Be your own insurer. 🤘
I kinda disagree with the liability point. If you're going to take a loan to grow your buisness, then it's fine. As long as your assets are easily liquidifiable and the loans are very long term ones.
he explains in another video (rent to own) that if you own a llc, you can take on debt as for the company.
Agree. Margin in a trading account is great if used properly. Short term money. But one has to be a solid trader/disciplined and know how limit losses.
@@Borzacchinni Bank’s and private lenders will want your personal guarantee as a Director so the debt might as well be in your name. Limited recourse is ordinarily only available to companies with a strong trading history and balance sheet.
Keep pushing us thanks.
That's actually a good start. Try to avoid most people are doing: buying things that becomes personal liablities.
Debt is a tool that can be used to grow your asset base. The key thing to understand when you take on any liability to buy an asset is that your equity is at risk first. The lender doesn’t lose a penny until you have lost all of yours. On the other hand, all of the upside is yours vs an equity investor who will get a share of your return.
This man speaks truth ...
What about using credit to acquire assets, such as rental properties? In this case, good credit is also an asset, no?
Yes
That’s one massive piece of advice. I thank you for that.
He's wrong on insurances. Even if you're wealthy, it still makes sense to insure. Wealthy people have the best life and health insurances money can buy.
The wealthy own the insurance companies. If they didn't they'd not invest in their plans!
New fan of Anton. A rear bird 🐦
I love this gent👊🏾He speaks truth and truth only
When you realize your life is a nasty moment in today's society
I believe i will meet this guy in person one day... And I am gonna definitly achieve it..
I have the same feeling.
If you put your seat belt on then you won't have to hold on to the handle
When you're wealthy you don't need seat belts.
He’s building his own infrastructure
Jesse Dammann Lmao
Systems and habits
Even it means sleep in a shelter for 4 months
The best tip the taxi driver could get
If I’m the taxi driver i will drive 20 no more
Ok, this video told what not to do... now, what should I do
Holy cow Thank You!
This is geared more towards the high earning white collar city worker is it not?
It's not. Limit your spending and your liabilities no matter how small and you will be able to collect assets and can pay your dividends to start your pension.
any other good content youtube channels?
Anton Kreil
7:56 - " _Being indifferent to making money and becoming wealthy. Rather, because you understand how the system works and you don't want to play in it. Rather, you wish to own it_ "
One often wants more money. But when you try to resolve yourself to dedicated your whole life to making money, to work long and hard to be really good at it, one often hits a mental roadblock - "after a certain point, what's even the point?"
The above statement though gives me a whole new perspective.
He is spot on about the 3 infrastructures of pensions, insurance and debt markets but at the same time they make the world go round so it is kind of hard to shit on it but it is of course nice to have your infrastructure.
Should I clear my UK student debt if I have the means?
Only if you expect to clear it as a result of your income before it expires. Otherwise you're just throwing money at it. I cleared what I had left only when I knew it would be reduced to 0 in the following 18 months
Pure MJ DeMarco & GC (Uncle G) 💖
This is the real New Age!
good video still applies to this day everyone should listen to this.
The credit system especially in the US, idk if it's the same in other countries, but feels like a video game in real life
🙏
This is so good!
Let's build and own our fuckin' infrastructure !!
Holly True!
This is what I am working on
Cab driver owns the Taxi company now.
Amazing advice, thank you!
Anton Kriel best of the best.
Thank you it’s literally must-be-learnt in school!
How am I supposed to not spend on mortgages? Am I supposed to live on the street?
The point isn’t that you shouldn’t take on a mortgage. The point is that you shouldn’t take on a mortgage before you understand what the total cost is going to be. What is your plan to repay that mortgage? The mortgage is a tool that you need in order to buy an asset that you want. But first ask yourself what kind of asset you need. See the home as an investment. Cheaper isn’t necessarily better - the cheapest house in the best area you can afford principle is often a good guide especially if the land is capable of being redeveloped.
We can all agree you want to have that debt repaid as quickly so always make sure you have a plan to repay before the maximum term. Have enough surplus cash flow to either make additional repayments or make investments elsewhere that can then be used to repay the debt.
If you are investing in property having debt is normal - you are more interested in the rental yield i.e. how much free cash flow are you generating after interest and expenses.