How to Use A Market Crash to Build Wealth
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- Опубліковано 26 вер 2024
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Ken McElroy and Chris Martenson explore the fundamental differences between real wealth and currency, emphasizing the importance of securing tangible assets in uncertain economic times. Their discussion highlights the risks posed by growing debt and inflation, and how understanding the economic pyramid can protect your financial future
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
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Thanks Ken & Chris 💰
04:01 Limited real assets in production create opportunities for those who can see it, as wealth comes from resources and money is a claim on wealth.
Why are you doing UA-cam? What’s your motivation? It seems like you don’t need the money, are you wanting to build influence?
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
@@chadgriffith1969 i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Karen Lynne Chess is the advisor I use. Just research the name. You'd find necessary details to work with and set up an appointment.
Thank you for the lead. I curiously searched Karen by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon.
We're in Financial Uncharted Territory! Every day, we encounter challenges that have become the new normal. Although it was once regarded as a crisis, we now accept it as the new normal and must adapt accordingly. How can we boost our revenues during this period of adjustment, given the country's current economic difficulties in 2024? I cannot let my $800,000 funds vanish after putting in so much effort to accumulate them.
In general, you should maintain some of your gold holdings. Given the current economic and financial conditions, it would be prudent to avoid stocks for the time being, and it may even be prudent to seek expert counsel.
I stopped following and listening to the financial advice of these UA-camrs since I ended up with a lot of complicated stocks and no idea when to sell them for a profit.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
TERRI ANNETTE MOORE is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I like to keep a small "in case the market crashes" fund to try and take advantage of the low prices. When the market goes south, I use that money spread out over the following months buying my targeted stocks on low days. on top of my usual DCA, They keep dropping and I keep buying. I'm still in on Renewable Energy, EV, Tech, Health.coins too gotta be greedy when others are fearful. At this point I'm grateful for my FA. Already with a 7 figure portfolio but I have no doubt investing more.
Same. I teetle on the premise that the market can and will crash at some point, as well as the notion that many individuals miss out on gains due to actually NOT being in the market and waiting for the chance of a crash. Perhaps it's wise to do both partially
Kirby please can i get your consultants info? or should i drop mine?
@@soveinaaraceli Dianne Sarah Olson' is her name. In her area, people consider her to be a genius. Look her up; she's well regarded in her field.
@@soveinaaraceli Dianne Sarah Olson. please do your own research for one who is suitable with your goals.
@@KirbyIneson I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
Finding financial advisors like Amber Dawn Brummit 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 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.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
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
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
she's mostly on Instagrams, using the user name
I am so happy that I made productive decisions about my finances that changed my life forever. I am a single mother and I live in Spain, I bought my second house in September and I hope to retire next year at 40 if all goes well. thanks to Louise O'Brien for helping me achieve this.
I've heard a lot about her. Please how do I contact Louise O'Brien?
SHE IS ON TELE GRAM.
She communicates on telegram..
@ATLouise55 ..that's it .
That’s her user-name
They are describing more of a mindset here. Good to hear their view point.
Great channel Ken! I got “lucky”. No one told me any of this. I’m 45 & literally saved since 12 years old for land (poor family & had lawn business). I simply wanted land (hunting & a place of my own). Now I own thousands of acres with farmland, timber, lakes, minerals, etc. Inflation has blown my values up. Feel like the market is slowing down & if/when it does- buying time for me!
Glad I found your channel. 👊👍💪
When you understand that it’s a power game, not a “money” game, then the future becomes clearer.
Money (speaking of fiat) is just digits, and it will be bent and warped to do whatever it needs to do to perpetuate the power of its masters.
Hard assets are the only real wealth. Not digital, not paper; HARD ASSETS. Play the fiat game and make digits go up, but always consolidate a proportion of those “gains” into hard assets; and make sure those assets are in a jurisdiction where they cannot simply be taken from you.
There are so many takeaways here. The main one that I have always followed is regardless of what is going to happen or what is happening, buy cash flowing assets. This is one of the only way you can protect yourself
Wow you two said many words but said nothing at all. and in-between a book sale? Starting to worry about the authenticity of this site
Just started now? 😂
Real assets are a type of wealth. So is cash and equities and real estate. Ken didn’t get rich on gold and silver. He did it owning real estate.
Still waiting to hear how I use the 2024 "Market Crash" to build wealth. Oh wait....ok, so I buy a forest with a Lumber Mill attached. Hey, when the market crashes, does anyone want to sell me a Lumber Mill at a heavily discounted rate? I have $15,000 in savings right now. Because according to this, I can't move up the pyramid without owning that base layer of "real assets." Anyone........anyone? No, I didn't think so.
Small lumber mills can be purchased pretty cheaply, especially used in a down market. You could also use that $15,000 as a down payment for a piece land. Anyways, there’s good money to be made in stocks when that top blows off. You can also indirectly invest in hard assets with stocks. Liquid assets like stocks will be the first to dump and first to recover. All 3 will work in a cycle.
I'd say diversify into investments like this... they are too big for any one person to take down. That's why we have a stock market. YOUR job is to READ... read up and read deep on publicly available stocks of lumber companies like Weyerhaeuser (WY) and their competitors... or, put some money into a new field like AI. Better yet, combine your $15k with other friends and family and go buy a Mobile Home Park making 15%+ returns... now you truly control something that is making money and will not likely ever go down in value as long as it is managed properly.
Buy lumber…get the $100 bill plates from treasury dept and print your own money…duh
With $15k in savings, perhaps you're not the target audience for this video.
right!? I've been waiting this whole video to address the title
My cost is $31.87 stock is now .11 cents , Would i get my money back?
my neighbor is a crazy geneticist and is growing his own bamboo/wood hybrid GMO, water resistant (apparently sucks water out the air) crazy s*#@ and sci fi stuff. Ships it privately to those type of countries you're mentioning! I think knowledge like that is also an asset
Great share brother. I’m about 100 pages into Foxes book of martyrs and realize now that my death in the name of Christ for sharing the gospel is a graduation ceremony. Nothing to be feared but celebrated.
Thanks, Ken and Chris.
What market crash? Most of the stocks are at all-time high!
They always ATH before crash, but I don’t believe in a crash this year too, it’s too early…
lots of hangovers from all the free money the government sent to everyone and most corporations.
Because INFLATION is driving up prices. It's not actual appreciation.
@@UntamedAustin inflation is not a market crash. Inflation is nothing new, 70’s-80’s seen worse.
Excellent commentary gentlemen, keep up the good work.
there is always a sign up for a webinar
Thank you Gents.
Radical Truth Thank You!
If Robert Kiyosaki instead of hoarding gold, poured all of that into a Vanguard S&P 500 index fund, he would have 12x what he has in gold currently. He always boasts that the stock market is a bubble. Well, he missed the longest 40yr run in the markets and hoarded gold instead, which has merely only maintained its value in real terms and nothing more.
2024 market crash?? .. can you please let us know if we live in America or you are talking about a different market .. where is the crash ??? Please .. home prices are either plateauing or still rising in certain areas ..
Love this
FIRE🖤
YES
great info
Yes buy me stay hope
your chart is backward. we get a correction end of July. Possibly to Aug 2023 lows then head to 600-700 by Summer 2025 (then SPY collapse
This time there is no escape!
So we should buy physical gold and silver ? Paper is not trust worthy
How You can control Inflation if you can not control your Debt ?
I been hearing copper is going to soar in price for forty years.
$38.4 Trillion in National Debt. $20 Trillion in Personal Debt. States $1 Trillion Plus. Inflation.. still going! Feds ONLY Tool Interest Rates. Economy is SLOWING, Debt is the lubrication of Business. Our economy runs on PERCEPTION, Banks no long have to have 10% reserves. Some banks sitting on maybe 1% in reserve. So what happens when there is a MAJOR downturn because the cost of borrowing keeps locked down and NOT HIRING. Waiting it out. But how many more times can we have a recovery cycle. Covid PROVED one thing... the Government can DESTROY all your Wealth. So you are sitting on 10,000 Apartments and. BILLIONS in Property. But people can not pay the rent. So they default. Then the Federal Government does what they did during Covid and tells people they will not have to pay their rent for X number of months. Ought Oh! You are still paying property tax on your 10,000 apartments. Borrowing is extremely expensive. And then what? Just a thought. The "trick" is Social Currency - who you know. And legal protection. Somehow during the worst of times the people at the very top always seem to hold onto their wealth but the working class suffers. So investing in property right now is a game for those who have Social Currency, Legal Connections, and most importantly the ability to wait out a very long crisis, Others will lose the property investments to the Government via the TAX MAN. Glass Half Full or Half Empty? There is a lot more going on "behind the scenes" right now. Because it's an election year expect to see a rosy picture painted right up until 2025. The real question now is who has money to invest that is in the lower 90%?
Are you a private lender
Billionaire telling people to buy the book.
How do you think he became a billionaire? He read books...
Is he a Billionaire or does his company hold Billioins in Assets. I've never heard of.him or seen him on any Billionaires list. But there is real Gold to be mined on UA-cam with nealy 400K subscribers. There is a 10 year old Russian UA-camr (Thanks mom and Dad) who pulled in $18 million last year.
What is his book?
Land!! Gold!!! I love it!!
Use it the same as the 2023, 2022, 2021, 2020 etc etc crash just bore off!!
how to reduce your credibility and viewership in 1 easy video
Even though it was 100% true?
SOLID
Who is this person Chris?
10000 apartments and only 300 employees If you would be buying the same apartment that I want to buy, I would have no chance!
ken...why do i feel like your optimism in real estate is self serving. Someday i feel like your going to have to eat lots of word. but, who knows....
I hope real estate becomes worthless. it's time to correct what's going on.
Tell warren Buffett he isn’t actually wealthy. Almost all of his net worth is in Berkshire stock.
No market crash. This time is different, AI is going to make all of us rich, the stock market is for all of us, no crashes, crashes ended in 2008 , and govts are now so scared to allow the economy take a breath, so they want us rich, so no crash, sorry
What crash
My area real estate went down average 40-50k
Japan is has no natural resources to speak of and is one of the world’s richest nations.
They have lots of smart, industrious people, which is the actual key ingredient to make a prosperous country.
They are "rich: like we are "rich". DEBT is not Capital. "As of March 2023, the Japanese public debt is estimated to be approximately 9.2 trillion US dollars (1.30 quadrillion yen), or 263% of GDP". Japan is in SERIOUS TROUBLE and they have a declining population and a bazillion old people to take care of. The ONLY advantage they have is they generally own their own debt (if that makes sense).
@@UntamedAustin this doesn’t change the fact that they built one of the largest economies on earth with nearly no natural resources.
England is another example of a small country with few resources that became an economic powerhouse.
If you think this is the bottom you're insane
Love when Ken does the show without the lady co-host. No offense to her. It’s just a better format.
His wife
I like the energy she brings to their videos. She's smart, and lively. It seems Ken is a lucky man.
It’s his wife and she came a long way from her previous job. She’s truly smart.
huh
Y u lyin bro?
I am happy for you but there is not a lot of you rich people that help other families out that could use it 😢
This video was a waste of time
you think the market will crash for you to load up? in your dream.
Where is the rest of this video? No links?