Getting rich is simple, even for a 15 year old. Just ask your butler to arrange the transfer of the monthly allowance account from your trust fund to buy an apartment, then instruct him to hire someone to rent out that apartment, and deposit the rent to rent account, and the secret is, you don't touch the monthly allowance and you only spend what you have on your rent account. Then with the next allowance you buy the next flat. Also, when you travel, be sure to take the smaller Citation CJ3 instead of the usual Challenger 650, though your peers might sneer at you, keep in mind, you're playing your own game, husslin' and saving up! Don't go to Milan shopping for clothes, Rome will be just as good, but will save you money. The key here is obviously, discipline. So in time, you will acquire lots of apartments and in no time you'll be rich beyond your dreams!
Out of touch liberal and always trying to see color racist actress Cate Blanchett called herself “middle class” and lectured everyone else who is “middle class” and “white” on how to not be tempted to be a “white savior” despite her reported net worth of $95 million at the United Nations news conference held at the Cannes Film Festival and also calling herself “white” and “privileged.” 😬 Page six had the actual FULL clip showing how out of touch she is. Liberals are crazy out of touch thinking they are woke while they sleep through reality trying to cause division and stop the real solutions that actually do exist with things like naturally function and capitalism, where you let people’s wallet be what makes the deciding factor of what business’ and influences thrive, and what ones fail. I have a feeling she’s about to fail and her influence will fall.
Do not forget, should you decide to purchase a fine automobile, in lieu of purchasing a $20M bespoke coachbuilt Bugatti, do consider acquiring a $1.7M Koenigsegg Gemera. Due to your intelligent decision, you will retain $18.3M, which may reimburse the medical fees for the fine gentlemen employed by the insurance firm, should they inevitably suffer a heart attack, following being informed of your chauffeur's accidental demolition of your Koenigsegg Automobile. Regardless of the fact that your 3 previous butlers quit within a week, it is most professional to speak to the hospital with the dialogue, "My butler will momentarily complete the funds transfer to reimburse the firm's medical bills." And should you seek to acquire a wristwatch, I would advise you to avoid obtaining possession of a Rolex. Alternately, purchase an Omega, due to it being a tad bit less expensive. Do not worry that you will seem impoverished to your comrades when not adorning a Rolex, for the Omega wristwatch more than compensates for its inexpensiveness, owing to the fact that it is the very same brand that Mr. James Bond wore. Do not mind that Mr. Bond worked for a job and was trapped in the rat race, it should not matter. Should you follow this advice, you may obtain a slight financial advantage over your HS Sophomore peers.
I was born in the 60's. My father gave me money each week. Coins. Pocket change. When I was 15 (70's) my father gave me an allowance, a few $1 bills, for mowing the grass, taking out the trash, etc. If you had given any 15 year old from my generation $300 we would have purchased cocaine, or at a minimum, bags of Mary Jane. No one, and I mean no bank anywhere, would have given us a mortgage. "What is your source of income for this mortgage?" "My allowance from my parents." "Get out of my bank!"
My "allowance" was like 100 dollars a year, and that's if you include Christmas and Birthday money gifts from extended family. Other problems with this advice: - A 15 year old is not allowed to own real estate in the US to my knowledge. - There is no real estate for sale for 300 dollars. - You don't just get money from real estate that you own, you have to rent it to someone. - You also will have to pay property and income taxes on that real estate. - You will also need insurance, probably additional insurance costs if you are renting it. Possibly including frivolous lawsuit insurance.
yeah, no kidding, the only thing you could actually buy is a stock that is a real estate investment firm And... they definitely do not pay 10% divvies every month 10% divvies are a fantasy
@@eplantiYeah, 10% a month Is not realistic but at 15 If you Invested just 100 bucks a month for 30 years. I would think that would pay quite nicely. And you could always reinvest the dividends to make your money grow quicker. Just sayin'.
@@cassidy99ful If the register of deeds does not list your name or the name of a business that you own, you are not the owner. No one is going to pay you 30 dollars a month or even a year for your 300 dollar investment into a fractional share of real estate.
You're not thinking bold enough. You're not thinking about the right industry. Let's consider the Escobar role model for all the Cardone's wannabes, a high-risk-high-reward (play stupid games, win stupid prizes) career. From my humble point of view of someone who never could buy a "piece of real estate" for 300 USD that would have "paid me" 30 USD although he didn't specify in which time period, I assume it to be 1 month for consistency with his babbling. My dog's house was a front-garden high view high quality real estate that was worth more than 300 and I didn't had the heart to kick the dog out on the streets. If I interpret correctly Cardone's point of view, I'm a total unrecoverable useless failure. Fair, I'll never be on his list of friends with "money to invest", never was, never will.
i’m 22, my parents never gave me an allowance, and my first (unofficial) job was at 14 as a local babysitter- no way was I earning $300 a month that’s hilarious 😂😂
@@anakinskywalker6666 exactly who knows. i do think a legally binding contract cant be signed by someone whos note legally allowed to sign said document. but like you said who knows because this is the new America
"Real Estate Investing Advice For 15-Year-Olds" by CaptainFoufeu. Chapter 1: Dont even think about it. You have to be 18, the age of majority, to even begin investing in real estate by federal law. The End.
I didn't have pocket money growing up. The only money I got was for Christmas and Birthdays. But putting that aside, what investment give you 10% return every money.... That's INSANE.
Exactly my thoughts! 10% per month??!! He's a complete idiot! That means you're making your money back in less than a year! You'd be lucky to find a 10% per year investment with a measly $300 capital. The delulu is strong in this one!
He actually brought is first property at the age of 15 and now 48 has a massive portfolio. I don't think he realizes that the money his rich daddy gave him is not actually the norm for most kids. And the big lowans he was mowing don't exist in the areas most kids grow up in.
When I was 15 years old I didn’t know what an allowance was. You got paid for doing chores? I was lucky to even get anything more than $10 on my birthday or on Christmas. Easter if I’m even more lucky.
When I was 15 years old me and my family were living in a shitty part of Northeast Philly (Mayfair if you are curious). A 15 year old getting a job was IMPOSSIBLE! Dude said to have a side hustle like mowing lawns. My brother in Christ! 99% of people from where I’m from didn’t have backyards! Or front yards! Almost no one I knew owned a lawn mower. And if you were lucky enough to have a front yard it would way too small! You could mow your lawn in 10 minutes tops! Why ask a kid to do it? Local businesses wouldn’t hire 15 or 16 year olds because they were too young and might steal stuff while at work. The only jobs a 15 year old could do are shoveling snow for someone (seasonal job and you were lucky if you got paid anything more than $5) or ask for a under the table job at a church where they might pay you $10 for cleaning the floors and benches. Grocery stores, gas stations, playground staff, delis, pizza shops or anywhere else didn’t want you! And if I’m being 100% honest I didn’t know some kids got an allowance from their parents or grandparents for doing chores. For me it was just “do the dishes, fold the laundry, do your homework & walk the dogs and I’ll let you play on your Xbox for the rest of the night”. I never got paid. I barely got money for Christmas & birthdays too. I don’t know anything about investing in real estate or anything like that but after reading the comments here it seems like this was bad advice even if a 15 year old somehow made $300 a month. I can tell this dude didn’t grow up in a big major city. If you had a side hustle like mowing lawns then you definitely lived in the suburbs or in the country. And hey there is nothing wrong with that. Good for you if you were able to do that. But don’t say every 15 year old should do this because not every 15 year old can. Some of us live in cities where it’s dangerous to walk to a store or walk to school. Or live in a town where there isn’t much to do in terms of getting a job. For some of us it’s impossible! Do your dam research!
>Buy a piece of real estate that pays you $30/month Assuming he's suggesting that real estate cost $300... paying out $30/month would be $360/year. That's a 120% annual rate of return. No investment offers that. When I was 16, I did not have an allowance, but I did have a job at Little Caesars. I could not have made these kinds of investments back then even if I wanted to.
I am assuming he means per year. But every month you put 300 dollars in. Ideally, if you have 3600 dollar invested each year , and get 30 dollars for each 300 dollars you put in. HOWEVER, even if that's what he ment, that's completely stupid. Having 10% return with no risk is also stupid thing to say. Having 10% roi is incredible
that's why you never listen to these 'smart way to be rich' guy, if the way of 'making money' is shady, not clear and you know the money they start with is given, then believe me all they sold is scam.
I monopolised the smoke trade in my high school it paid for my smokes alcohol and weed. Not sure if that would come close to a house. Actually pretty sure not close.
i think my allowance was like $210 but it was for food. i just would just try to get free food at school by finding meal tickets on the floor to save the money
Both can be true. I had a paper route at 13 of all ages but decided I didn't want it pretty quick. You may say 'but newspapers are dying' but then you fail to see the point. I was a bit soft then. But the generations coming up are a joke. Also my brother had an after school job at 16.
Yeah, my two kids don't see that sort of money either. My eldest is getting 1/3 that, but it's through an inheritance. Otherwise, it'd be more like 1/10th that, which is about what we can afford to give our youngest, who is autistic and still needs supervision with money.
When I was 15 my allowance was $15 per week and I have to use most of that to buy lunch at school or starve. Also, what real estate can you buy for $300 a month? A portable toilet?
I fully expect that this man as a kid mowed all of the lawns in his town if he’s going to say getting $300 dollars as a 15 year old from side hustles is possible.
When I was younger I went out and got every "Get Rich" book out there. I must've read a total of 40 or 50. They all spend the first 90% of the book talking about "Getting the rich mentality" blah blah. And then finally at the end it says "Okay...so down to the practical stuff. Take out $100,000 and invest in ____." WTF?
"One Thousand Ways to Make $1000" - F.C. Minaker - counterexample. However, not for 15 years old. When I was 15 years old, my allowance was that I was allowed to eat after finishing my chores. And (luckily?) I was not reading about investments and real estate, I was sooo in the Van Damme, Arnold Schwarzenegger, Chickie Chan and other cool action heroes. And cartoons. But hey, maybe there are more entrepreneurial types at 15 (I don't know any).
Funnily enough I already made about 500€ bucks a month at 15 as a waitress. But I had to save up for my licence, a car, my clothes, school stuff etc. So even if you happen to get those 300 bucks it doesn't mean you can invest it, as you might need it to pay your bills.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
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.
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Who gets a $300 monthly allowance?? I never got any allowance at all. I had to do extra chores to make money. I never even had $100 to my name until late high school.
Mr Cardone started his real estate business when he was like 30 years old. Oh and he received 300K to start it supposedly from his already successful brother who worked in the oil industry., It nothing to so with his teenage years side hustle..
Time to buy myself some Broadway Estate, it pays me $50 per visitor and it only cost me $400 to buy it. Much better investment portfolio than the podcast.
In my country, from a quick search, apparently you cannot start working until you're 16. The only exceptions are apparently in entertainment! So, depending on where puy in the world, impossible. However, ignoring country differences, I do not believe the average 15yr old has the money or allowance to invest in such. But I guess it's amusing to imagine teenagers with all these side hustles and investments lol
Rich people would say anything just to convince you that they didn't become rich out of shear luck, and it's on you for not being rich Indeed, they're definitely hard workers out there, but many rich people (or most should I say) become rich because they happen to live in the right circumstances
I made about 40 bucks a month when I was 9 from collecting spare change I found outside everyday my siblings used to always wonder why I had money and no job 😂
The allowance I got as a kid was, $Do housework and we’ll feed you and let you live in our house and clothe you and send you to school $ pretty darn good wages for the 1970s.
haha, my allowance is free food and shelter not money and I'm 14, but I actually have friends with an allowance higher than my parent's monthly income.
Okay y’all, what he’s saying actually makes sense. What he’s saying is to invest as early as possibly to have ROI gains later. The allowance part okay a bit odd, but yeah you can do stuff such as lawn mowing and other things for the people in your neighborhood to get more money. So yeah disregarding the $300/month for allowance,it does make sense.
How in blazes is a 15 years even SUPPOSED to invest in real estate? You need to be considered capable of making adult decisions to do that. I mean, banks won't let you open investment accounts in your name as a minor after all
Well, you can invest in real state without having to buy a house or property through a REIT, but in many if not most countries, a 15 years old is not legally allowed to open this kind of accounts. Also, never heard of any REIT or investment that returns 10% a month.... this is nuts, maybe 5% a year for the top performers. But yeah, $300 allowance a month for a 15, on this times? seriously? That man is not really speaking to the average, its just giving bonkers advice.
In 1984 I was 14 years old, I wanted a Spectrum 48k computer, I asked my mother if she could buy it for me... Her answer was no, go work and buy it with your own money, which I did during the summer, I went working on the fields picking up tomatoes for 25 cents a crate (each crate weight was around 35-40 kilos (70-80 pounds)) under the hot summer sun. After 2 months working from sun up to sundown (around 14 hours a day) I got the money for it... That was my first job ever and it was hard as hell even for a big kid that I was for my age. This was before a time when all field work was done by hand in my country and child labor wasn't illegal as it is now, now it's impossible to get a paying job before 18, unless you sell drugs in schools... Never knew what an allowance was, neither any other kid in my village at the time... And I only found out about computers in the nearest town library where I went for books to read. We didn't even had a color TV before 1994, I had to use the black and white one and only when I was alone or no one wanted to watch TV. Kids these days don't know how good they have it tbh...
'Kids yearn for the mines' vibes. Honestly, kids these days having it good is proof of a functioning society. If we forced our kids to toil the fields because your generation had to, we'd get nowhere. But misery loves company, I guess.
Getting rich is simple, even for a 15 year old. Just ask your butler to arrange the transfer of the monthly allowance account from your trust fund to buy an apartment, then instruct him to hire someone to rent out that apartment, and deposit the rent to rent account, and the secret is, you don't touch the monthly allowance and you only spend what you have on your rent account. Then with the next allowance you buy the next flat. Also, when you travel, be sure to take the smaller Citation CJ3 instead of the usual Challenger 650, though your peers might sneer at you, keep in mind, you're playing your own game, husslin' and saving up! Don't go to Milan shopping for clothes, Rome will be just as good, but will save you money. The key here is obviously, discipline. So in time, you will acquire lots of apartments and in no time you'll be rich beyond your dreams!
Out of touch liberal and always trying to see color racist actress Cate Blanchett called herself “middle class” and lectured everyone else who is “middle class” and “white” on how to not be tempted to be a “white savior” despite her reported net worth of $95 million at the United Nations news conference held at the Cannes Film Festival and also calling herself “white” and “privileged.” 😬 Page six had the actual FULL clip showing how out of touch she is. Liberals are crazy out of touch thinking they are woke while they sleep through reality trying to cause division and stop the real solutions that actually do exist with things like naturally function and capitalism, where you let people’s wallet be what makes the deciding factor of what business’ and influences thrive, and what ones fail. I have a feeling she’s about to fail and her influence will fall.
"And stop buying a 24 karat gold statue of your dog for every room, people barely notice the difference with a 22 karat one so ez money saved"
Buying a 24 carat statue of the dog was actually a downgrade from the lion statues
Do not forget, should you decide to purchase a fine automobile, in lieu of purchasing a $20M bespoke coachbuilt Bugatti, do consider acquiring a $1.7M Koenigsegg Gemera. Due to your intelligent decision, you will retain $18.3M, which may reimburse the medical fees for the fine gentlemen employed by the insurance firm, should they inevitably suffer a heart attack, following being informed of your chauffeur's accidental demolition of your Koenigsegg Automobile. Regardless of the fact that your 3 previous butlers quit within a week, it is most professional to speak to the hospital with the dialogue, "My butler will momentarily complete the funds transfer to reimburse the firm's medical bills." And should you seek to acquire a wristwatch, I would advise you to avoid obtaining possession of a Rolex. Alternately, purchase an Omega, due to it being a tad bit less expensive. Do not worry that you will seem impoverished to your comrades when not adorning a Rolex, for the Omega wristwatch more than compensates for its inexpensiveness, owing to the fact that it is the very same brand that Mr. James Bond wore. Do not mind that Mr. Bond worked for a job and was trapped in the rat race, it should not matter. Should you follow this advice, you may obtain a slight financial advantage over your HS Sophomore peers.
Getting rich is simple, just rob a bank /s
I was born in the 60's. My father gave me money each week. Coins. Pocket change. When I was 15 (70's) my father gave me an allowance, a few $1 bills, for mowing the grass, taking out the trash, etc. If you had given any 15 year old from my generation $300 we would have purchased cocaine, or at a minimum, bags of Mary Jane. No one, and I mean no bank anywhere, would have given us a mortgage.
"What is your source of income for this mortgage?"
"My allowance from my parents."
"Get out of my bank!"
Thats kinda funny ngl
@@Leackrryeah not gonna lie, I would probobly pay money to withness it.
Mihajlo Bogdanović
When i was 15 it was a struggle to even do homework.
My "allowance" was like 100 dollars a year, and that's if you include Christmas and Birthday money gifts from extended family.
Other problems with this advice:
- A 15 year old is not allowed to own real estate in the US to my knowledge.
- There is no real estate for sale for 300 dollars.
- You don't just get money from real estate that you own, you have to rent it to someone.
- You also will have to pay property and income taxes on that real estate.
- You will also need insurance, probably additional insurance costs if you are renting it. Possibly including frivolous lawsuit insurance.
Yep. Fake "gurus" that people invite on podcasts. 🤮🤮🤮🤮
yeah, no kidding, the only thing you could actually buy is a stock that is a real estate investment firm
And...
they definitely do not pay 10% divvies every month
10% divvies are a fantasy
You can buy fractional shares of real estate. And your parents can set you up with a bank account. Just sayin'.
@@eplantiYeah, 10% a month Is not realistic but at 15 If you Invested just 100 bucks a month for 30 years. I would think that would pay quite nicely. And you could always reinvest the dividends to make your money grow quicker. Just sayin'.
@@cassidy99ful If the register of deeds does not list your name or the name of a business that you own, you are not the owner.
No one is going to pay you 30 dollars a month or even a year for your 300 dollar investment into a fractional share of real estate.
"just go and buy some money" 😂😂
Who makes $30 interest on $300. Where can I score that kind of interest
IKR
tangerine canada bank has high interest but it's around 5%
You're not thinking bold enough. You're not thinking about the right industry. Let's consider the Escobar role model for all the Cardone's wannabes, a high-risk-high-reward (play stupid games, win stupid prizes) career. From my humble point of view of someone who never could buy a "piece of real estate" for 300 USD that would have "paid me" 30 USD although he didn't specify in which time period, I assume it to be 1 month for consistency with his babbling. My dog's house was a front-garden high view high quality real estate that was worth more than 300 and I didn't had the heart to kick the dog out on the streets. If I interpret correctly Cardone's point of view, I'm a total unrecoverable useless failure. Fair, I'll never be on his list of friends with "money to invest", never was, never will.
@@MixedChick1 thats annual, not monthy.
Ya 10% a month is pretty high rent, guess he meant a year.
i’m 22, my parents never gave me an allowance, and my first (unofficial) job was at 14 as a local babysitter- no way was I earning $300 a month that’s hilarious 😂😂
Moral of the story: To be rich, be rich.
To quote Tevye from Fiddler on the roof if I were a rich man lol
I don't think its even legal to buy property if your under 18
@davidhowell1415 As far as I'm aware, it's not, but then again, who's to say
@@anakinskywalker6666 exactly who knows. i do think a legally binding contract cant be signed by someone whos note legally allowed to sign said document. but like you said who knows because this is the new America
I mean ,I live in Luxembourg. 300$ gets u a bike if ur lucky and it’s on sale.
So guys if your poor, just be born with rich parents
I'll go find the nearest bridge.
Problem solved
"Just find some investment, that gives you 10% every month" - pull yourself up by a Delulunicorn's bootstraps
"Why are you poor? Why don't you just go and buy some money?"
- An unwise person somewhere
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Reminds me of someone who bought the bank just to get the house back.
@@reallydead freacking bruce wayne ?
................ ?????????????????????????????????????????????????????
rich people mentality
"One whom shuts off their brain before it even start is doomed before he began." -A wiser person
"Real Estate Investing Advice For 15-Year-Olds" by CaptainFoufeu.
Chapter 1: Dont even think about it. You have to be 18, the age of majority, to even begin investing in real estate by federal law.
The End.
I was going to say something like that. 😂 How is a 15 year old going to sign the contracts too. They won't, that's how. 🤣
"If you're getting an allowance of $300/month"
Please give a tutorial on how to to that, much appreciated 🙏🙏🙏
That course will definitely cost more than $300/month, probably 10x!
just get born in a rich family, duh ... ez
when i was a teenager, my allowance was living at the house 😂
Is called allowance because your parents allowed you to live in the house😂😂
The delulu is strong in this one
I didn't have pocket money growing up. The only money I got was for Christmas and Birthdays.
But putting that aside, what investment give you 10% return every money.... That's INSANE.
What the fuck real estate costs 300, that's not even enough for one months rent.
A lot of ponzi schemes do hehe
Exactly my thoughts! 10% per month??!! He's a complete idiot! That means you're making your money back in less than a year! You'd be lucky to find a 10% per year investment with a measly $300 capital. The delulu is strong in this one!
@@LiberatedMind1You can buy fractional shares of real estate. Just sayin'.
He actually brought is first property at the age of 15 and now 48 has a massive portfolio. I don't think he realizes that the money his rich daddy gave him is not actually the norm for most kids. And the big lowans he was mowing don't exist in the areas most kids grow up in.
My grandfather bought land for his Home in 1970 for around 650$. And now it's current market value is between 1$ - 1.25$ million.
DAM BRUH, THATS A DARN GOOD INVESTMENT, WERE TALKIN 1923 times its original value or 192300 percent higher than original value
when I was 15 I didn't even have an allowance anymore
I never even had an allowance
@@mastercoolguy2809 I pretty much didn't either, when I did it was literally $1, dude is nuts if he thinks most kids get a $300 allowance 🤣🤣🤣🤣
Dude I had an allowance when i was like 10 and it was 1 dollar per week and we did it for less than a year lmao
When I was 15 years old I didn’t know what an allowance was. You got paid for doing chores? I was lucky to even get anything more than $10 on my birthday or on Christmas. Easter if I’m even more lucky.
@@thatwolfdude018 same here this man is pure delulu
When I was 15 years old me and my family were living in a shitty part of Northeast Philly (Mayfair if you are curious). A 15 year old getting a job was IMPOSSIBLE! Dude said to have a side hustle like mowing lawns. My brother in Christ! 99% of people from where I’m from didn’t have backyards! Or front yards! Almost no one I knew owned a lawn mower. And if you were lucky enough to have a front yard it would way too small! You could mow your lawn in 10 minutes tops! Why ask a kid to do it? Local businesses wouldn’t hire 15 or 16 year olds because they were too young and might steal stuff while at work. The only jobs a 15 year old could do are shoveling snow for someone (seasonal job and you were lucky if you got paid anything more than $5) or ask for a under the table job at a church where they might pay you $10 for cleaning the floors and benches. Grocery stores, gas stations, playground staff, delis, pizza shops or anywhere else didn’t want you! And if I’m being 100% honest I didn’t know some kids got an allowance from their parents or grandparents for doing chores. For me it was just “do the dishes, fold the laundry, do your homework & walk the dogs and I’ll let you play on your Xbox for the rest of the night”. I never got paid. I barely got money for Christmas & birthdays too. I don’t know anything about investing in real estate or anything like that but after reading the comments here it seems like this was bad advice even if a 15 year old somehow made $300 a month. I can tell this dude didn’t grow up in a big major city. If you had a side hustle like mowing lawns then you definitely lived in the suburbs or in the country. And hey there is nothing wrong with that. Good for you if you were able to do that. But don’t say every 15 year old should do this because not every 15 year old can. Some of us live in cities where it’s dangerous to walk to a store or walk to school. Or live in a town where there isn’t much to do in terms of getting a job. For some of us it’s impossible! Do your dam research!
>Buy a piece of real estate that pays you $30/month
Assuming he's suggesting that real estate cost $300... paying out $30/month would be $360/year. That's a 120% annual rate of return. No investment offers that. When I was 16, I did not have an allowance, but I did have a job at Little Caesars. I could not have made these kinds of investments back then even if I wanted to.
He's nucking futs. Oh and also a scammer.
I need to personally audit this fucker. I think he's laundering money
yeah that's just stupid
I am assuming he means per year. But every month you put 300 dollars in. Ideally, if you have 3600 dollar invested each year , and get 30 dollars for each 300 dollars you put in.
HOWEVER, even if that's what he ment, that's completely stupid. Having 10% return with no risk is also stupid thing to say. Having 10% roi is incredible
Buy some money...Woah! I never thought of that.
The title of the video is correct. My biggest economic regret is not purchasing a home when I was 15 years old in the 90s.
I grew up in the 90’s. My allowance was maybe $20 a month, and most months my parents would forget to give it to me.
that's why you never listen to these 'smart way to be rich' guy, if the way of 'making money' is shady, not clear and you know the money they start with is given, then believe me all they sold is scam.
My allowance growing up was being "allowed" to live in my parents' house and eat their food.
That is kind of a wrong way of thinking. They brought you in this world, you are their responsibility not their slave/servant/asset.
I work in finance. The amount of rich kids out there getting money from their parents and grandparents is huge!
Even with the delulu of 300 allowance, the 10% income from this PER MONTH is also on an astronomical level of delulu
In 2024, never believe a single word from a podcasts
wise words
I once worked a fast food job with a 14yo.
Bro, I was doing a paper round at 15. I got £13-14 a week lol
I monopolised the smoke trade in my high school it paid for my smokes alcohol and weed. Not sure if that would come close to a house. Actually pretty sure not close.
Well everything makes sense, as long as you say it with confidence....... :P
i think my allowance was like $210 but it was for food. i just would just try to get free food at school by finding meal tickets on the floor to save the money
Wtf, that was what I got in uni for dinner, breakfast and some clothes. If I forgot my lunch in highschool I would just need to deal with hunger.
@@MissMoontree working single parent made enough to not qualify for school free meal plan, so she had to pay for my school meals. uni? 6th grade 😂
😂😂😂Ahahaah you dunking grant cardone.. This is gold..
wow so delulu
Both can be true. I had a paper route at 13 of all ages but decided I didn't want it pretty quick. You may say 'but newspapers are dying' but then you fail to see the point. I was a bit soft then. But the generations coming up are a joke. Also my brother had an after school job at 16.
WTF $300/month? At 15? That’s a no! My two children didn’t get allowances tf! They didn’t want for much, but no on the allowance, period!
💜
Yeah, my two kids don't see that sort of money either. My eldest is getting 1/3 that, but it's through an inheritance. Otherwise, it'd be more like 1/10th that, which is about what we can afford to give our youngest, who is autistic and still needs supervision with money.
you dont give your kids money?.At least $10-20 bucks a week or month?. I didnt get $300 a month too.
When I was 15 my allowance was $15 per week and I have to use most of that to buy lunch at school or starve. Also, what real estate can you buy for $300 a month? A portable toilet?
I fully expect that this man as a kid mowed all of the lawns in his town if he’s going to say getting $300 dollars as a 15 year old from side hustles is possible.
Perhaps a 15 year old could sell four of his cars to invest in real estate. Just keep the Ferrari for an every day runabout.
😂😂😂 this video is pure gold!
My parents wanted to do real estate investment and what they learned is that real estate is expensive
When I was younger I went out and got every "Get Rich" book out there. I must've read a total of 40 or 50. They all spend the first 90% of the book talking about "Getting the rich mentality" blah blah. And then finally at the end it says "Okay...so down to the practical stuff. Take out $100,000 and invest in ____."
WTF?
"One Thousand Ways to Make $1000" - F.C. Minaker - counterexample.
However, not for 15 years old. When I was 15 years old, my allowance was that I was allowed to eat after finishing my chores. And (luckily?) I was not reading about investments and real estate, I was sooo in the Van Damme, Arnold Schwarzenegger, Chickie Chan and other cool action heroes. And cartoons. But hey, maybe there are more entrepreneurial types at 15 (I don't know any).
My allowance was 8$ a month )
In US is possible to find side hustle in small countries all is hustle
Funnily enough I already made about 500€ bucks a month at 15 as a waitress. But I had to save up for my licence, a car, my clothes, school stuff etc. So even if you happen to get those 300 bucks it doesn't mean you can invest it, as you might need it to pay your bills.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
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.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Patricia Vesely.
She's a licensed broker here in the states
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Watching this has made me wash my eyes with detergent and rinse my ears with acid! 😵💫😵💫
Found it: ua-cam.com/video/FcAY7pB0SqY/v-deo.html
Simpsons clip you reminded me of.
Who gets a $300 monthly allowance?? I never got any allowance at all. I had to do extra chores to make money. I never even had $100 to my name until late high school.
Bro I work a full time job and my salaty ain't $300 man.
Mr Cardone started his real estate business when he was like 30 years old. Oh and he received 300K to start it supposedly from his already successful brother who worked in the oil industry., It nothing to so with his teenage years side hustle..
"Buy some money" GOTY
Where is the realestate I can buy for 300 , please let me know quick .
Check out the teenage house flipper , he makes 70k a year and is 14!
Getting allowance alone is a very rare privilege
I used to get $20/month.
If influencers can't spend everything they make, how can you expect a 15 year old boy to restrain spending?
a cardboard box under a bridge?? 😂😂😂😂 never died laughing from this
Tldr: if you're poor just reroll your life till you get a rich parents 😂😂😂
I want to know where I can get a 10% return on my investment monthly.
Back in my day it was $30/month sorry $28 😂😂😂
Time to buy myself some Broadway Estate, it pays me $50 per visitor and it only cost me $400 to buy it. Much better investment portfolio than the podcast.
My allowance was money i used to eat at school and transport money
Back when I was in high school (long before it became legalized here), I knew a 15 year old that made around $1600 a month. He sold weed! 😮
I never got an allowance growing up 😢
My dad: “ I ALLOW you to live in this house!”
Saving for a house before I graduated high school. Shit, why didn't I think of that
How many people here didn't even get an allowance?
In my country, from a quick search, apparently you cannot start working until you're 16. The only exceptions are apparently in entertainment! So, depending on where puy in the world, impossible.
However, ignoring country differences, I do not believe the average 15yr old has the money or allowance to invest in such. But I guess it's amusing to imagine teenagers with all these side hustles and investments lol
I guess they might be able to buy a doll house and a fairly elaborate one for $300. Unfortunately dolls can't pay rent though.
Dear algorithm,
Comment comment comment. Oh, and it really threw me off when Maximbady didn't start his video with, "SOOOOOOOO..."
Rich people would say anything just to convince you that they didn't become rich out of shear luck, and it's on you for not being rich
Indeed, they're definitely hard workers out there, but many rich people (or most should I say) become rich because they happen to live in the right circumstances
if my total net worth is 300 where do i get that 30 a month
My dad did side jobs when he was a teenager too; he did not make $300 dollars a month. 🤣
If you’re a kid getting $300 a month allowance close the app and go give your parents a hug and a kiss.
I’m get no allowance 💀
I made about 40 bucks a month when I was 9 from collecting spare change I found outside everyday my siblings used to always wonder why I had money and no job 😂
Bro i was lucky if i got ab allowabce the only money i made as a kid was mowing lawns.
How do these rich businessmen have time to constantly do podcasts?
They have a team of employees
The allowance I got as a kid was, $Do housework and we’ll feed you and let you live in our house and clothe you and send you to school $ pretty darn good wages for the 1970s.
haha, my allowance is free food and shelter not money and I'm 14, but I actually have friends with an allowance higher than my parent's monthly income.
So... If you're rich, stay rich
these rich guys are loosing grip on reality more and more by the minute. Parallel reality indeed, aka delulu zone!
Even better just buy one trillion USD bond and you’ll be getting even more - literally billions in interest every year
Okay y’all, what he’s saying actually makes sense. What he’s saying is to invest as early as possibly to have ROI gains later. The allowance part okay a bit odd, but yeah you can do stuff such as lawn mowing and other things for the people in your neighborhood to get more money. So yeah disregarding the $300/month for allowance,it does make sense.
How in blazes is a 15 years even SUPPOSED to invest in real estate?
You need to be considered capable of making adult decisions to do that.
I mean, banks won't let you open investment accounts in your name as a minor after all
300 a month isnt much tho. When i was 15 i easily spent around 1500 euro a month.
Do you know he is our "Nigerian Prince" from America? We also have lots of scammers here. Just like Nigeria.
Can any 15 year olds sign a contract legally because in Denmark they CAN'T ???!!! 🤷♀️
Well, you can invest in real state without having to buy a house or property through a REIT, but in many if not most countries, a 15 years old is not legally allowed to open this kind of accounts. Also, never heard of any REIT or investment that returns 10% a month.... this is nuts, maybe 5% a year for the top performers. But yeah, $300 allowance a month for a 15, on this times? seriously? That man is not really speaking to the average, its just giving bonkers advice.
In 1984 I was 14 years old, I wanted a Spectrum 48k computer, I asked my mother if she could buy it for me... Her answer was no, go work and buy it with your own money, which I did during the summer, I went working on the fields picking up tomatoes for 25 cents a crate (each crate weight was around 35-40 kilos (70-80 pounds)) under the hot summer sun. After 2 months working from sun up to sundown (around 14 hours a day) I got the money for it... That was my first job ever and it was hard as hell even for a big kid that I was for my age.
This was before a time when all field work was done by hand in my country and child labor wasn't illegal as it is now, now it's impossible to get a paying job before 18, unless you sell drugs in schools...
Never knew what an allowance was, neither any other kid in my village at the time... And I only found out about computers in the nearest town library where I went for books to read. We didn't even had a color TV before 1994, I had to use the black and white one and only when I was alone or no one wanted to watch TV.
Kids these days don't know how good they have it tbh...
lol ok boomer
'Kids yearn for the mines' vibes. Honestly, kids these days having it good is proof of a functioning society. If we forced our kids to toil the fields because your generation had to, we'd get nowhere. But misery loves company, I guess.
Just sell your heart, kidney and Lungs and you will be ahead kid 😂😂😂
Yeah those finance guys missed the whole point and or the first rule of economics. You gots to have money first.
$300 a month allowance. . . o.o
Dam i never thought of that. If you poor just buy money 😂😂😂
This is why you cannot listen to self appointed financial experts
So I guess my parents owe me thousands of dollars
$30 return per month on a $300 investment. That's 120% return per annum. 😂😂
god damn 300 dollars a month, sign me up!
There are bots here talking about how they’re making thousands of dollars weekly!! 😂😂😂😂😂😂
This is gold!
Same logic as: If you are homeless... Just... Buy a house!