7 Things You NEED To Stop Buying To Get Rich

[@marktilbury]

Use the promo code TILBURY to get a free share worth up to £100 or visit www.trading212.com/join/TILBURY (terms & conditions apply) Get a FREE AI-built Shopify store in less than 2 minutes: www.buildyourstore.ai/mark-tilbury

[@jeward88]

Moomoo not available to UK residents? 😊

[@marktilbury]

@@jeward88 Feel free to get a free stock from the Lightyear app if you are in the UK (i've dropped a link in the description too)

[@citooi]

He did already

[@arturdimeny7015]

As far As I can see, moomoo is available only for Asian cities (Hong Kong, Taiwan, Singapore)+ US I guess no moomoo for us in Europe://

[@yunghustler6362]

Anything for Europe?

[@deathforce2]

i stopped buying clothes. i got arrested.

[@Yeslolyt123]

💀

[@gungagalunga9040]

Move to Germany

[@TheFirstRealChewy]

So your monthly expenses were reduced to $0.😅

[@bob1234881]

Haha. Jail is the best place in Monopoly. 😂

[@Tpr_1808]

​@@TheFirstRealChewySo is the income

[@diane.moore-]

The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.

[@mikegarvey17]

A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

[@ThomasChai05]

True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified expert to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.

[@mariaguerrero08]

@@ThomasChai05Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

[@ThomasChai05]

Finding financial advisors like *Izella Annette Anderson* 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.

[@91ScottieP]

Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.

[@KennedyVerbruggen]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[@NorthCarolinaForward]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@Tanner-c2m]

Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.

[@SavannahMitchell-b3d]

Could you possibly recommend a CFA you've consulted with?

[@Tanner-c2m]

REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@grego6278]

Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon.

[@Runeblade484]

I will disagee with the house one. I think it depends where you live. The house I bought in 2020 has gone up 47% in value since I purchased it. That is more than a 200% return on my down payment over 3 years. It also costs less to pay my mortgage than to rent an apartment. When I move, it will become a rental property.

[@karanmadan1048]

After buying the house one doesn't recognise how much he/she paid for expense,tax,bill, maintenance for that house,even the car that is vital for transit.

[@Kitiwake]

It could go down too.. then up... Then down .. Then

[@Kitiwake]

​@@karanmadan1048 if you can rent cheap... It's better than any ownership.

[@karanmadan1048]

@@Kitiwake status hurts.

[@shafaathkhan9610]

@@Kitiwake thats how investment works. No investment is guaranteed to bring you profit.

[@financialintelligencecreations]

“We buy things we don't need with money we don't have to impress people we don't like.” - Dave Ramsey

[@elmosoto5327]

I heard Dave Ramsey say this way before Gary Vaynerchuck appeared on the social media scene.

[@0zem]

Gary Vaynerchuk didn’t say this. He usually uses quotes of people way smarter than himself.

Lol no, that's from Trainspotting

[@clarasarria9397]

That's from Fight club, 1999

[@responsiblewealth7509]

It's been said by a lot of people before Gary Vee or Dave were even born? Will Rogers said this nearly 100 years ago and I doubt he was the first; it's a simple concept that would have been said many a time by many a people ...

[@jackmcdonald3531]

Stopping drinking is the best advice on here. I stopped 6 months ago and I’ve been more productive then I ever have been. 3 businesses so far, life’s looking good👀

[@marktilbury]

Hi. That’s really fantastic my friend, good luck on your journey. MT 😎

[@Lolatyou332]

I stopped drinking basically after I turned 22. I just never really liked it and I had family members with drug abuse problems so I guess I naturally avoided it and anything else. It's definitely contributed to the success I've had as I feel like the people around me who do drink or smoke are rapidly dropping in intelligence, that or I feel like I'm surpassing them while they are stagnanting.

[@Vinkovitch29]

oh fuck off jackmcdonald3531, you don't have 3 businesses.

[@yourboi44]

My names Jared Ivey

[@P--O]

I 100% agree! Driking makes you both stupid and poor!

[@thiagofranciscodasilvapaul5471]

I'm Brazilian. I make 9k dollars/ year. My house costed 18k dollars. Looks like a good deal for me.

[@fabriciomsantana]

Continue, faça chuva ou faça sol. Faça lula ou faça bolsonaro. Somos os únicos salvadores de nós mesmos.

[@joabas1]

mora no brasil?

[@ricardo5518]

No Brasil tudo isso que ele disse em dobro devido nossos políticos ladroes.

[@LoopingGames]

Nice man

[@ovrreaction]

Still driving my parents 2012 car so could save 5 grand to start my small business. Best decision I ever made!

[@marktilbury]

Hi, great job my friend. MT 😎

[@dieterich6533]

2012 eh 😂 Whoa the sacrifice! Try a 1980s Chevy sometime We had to walk to school, uphill, both ways, in a blizzard, every day, and sometimes on Christmas.

[@pete5405]

around ~2012 was the pinnacle of cars anyways, those plastic bombers with touch surfaces for everything are not of quality in any ways. Stick to the "old" car as long as the repairs are somewhat reasonable.

[@goldenmanuever1176]

It blows my mind Mark that you need to tell people this. I see people spending $25k/$20k GBP a year on property taxes and buying a new car every three years that is half their salary, no money down, 10% loan for 96 months. Complete buffoonery. It’s actually sad how the “system” takes advantage of the financially incompetent.

[@SpeedbirdHeavy]

What property taxes would you be paying annually? The UK only has stamp duty, a one-off cost for residential property.

[@goldenmanuever1176]

@@SpeedbirdHeavy I pay $2k USD which is $1.5K GBP. Being in a capitalist country, I don’t know anything about a one size fits all approach “stamp” approach. The tax rate is based on the value of your home. In this case, I live in a small condominium. I don’t know if England has those. It’s kind of like an apartment you own…

[@SpeedbirdHeavy]

@Golden Manuever ah right, so you're in the US. That makes sense now. The UK does have those, it's just a different name. It's also a capitalist country! Just a different way of taxation - you're taxed in one hit, when you buy. And this is also based on the value of the property.

[@SpeedbirdHeavy]

@Paul Smith no, that's not dependent on owning a property. Renters pay it too.

[@tacuska7]

In Hungary we have a 4% “buying fee” what is a one time payment after a house. After 2$ million it is reduced to 2%. The maximum amount of tax you can pay is 500.000$ , no matter the price of the “house” USA is maaad 😅

[@bm6563]

Good points, but i disagree about not buying a house to live in. They always seem to increase in value over the long run and so if you don't buy one asap you'll effectively be chasing a moving target.

[@vinct7023]

About drinking, I do agree: do NOT to drink till you are drunk. It is a terrible idea and bring nothing positive. However I do drink a glass of red win almost every day. This is perfect during a dinner, don't make your drunk and have no real drawback.

[@albundy831king]

I AM PRESIDENT TRUMP STOP DRINKING STOP DOING DRUGS AND NONSENSE YOU DON'T NEED ITMAY GOD HAVE MERCY FOR MY ENEMIES BECAUSE I WONT WHEN DO YOU PLAY THE TRUMP CARD   TREASON!!! YOU DO KNOW I HAVE THE NUKE CODES AND THE FOOTBALL HAPPY NEW YEAR !!!!! THE BEST IS YET TO COME!!!!! WHEN DO YOU PLAY THE TRUMP CARD!!!! Until the world sees the TRUTH! “I was right about a lot of things and I’ll tell you this, I’ll be right about the election.” - 45 IT WAS NOT EVEN CLOSE!!!!! AUDIT ALL THE STATES!!!!! DEEP STATE CAN KISS MY ASS!!!! I HAVE NOT conceded the election! This is very important for what comes next. You see, if AZ decertifies their results the ENTIRE election is now in question. Congress cannot certify election until ALL states have certified. Just like a state cannot certify unless 100% of their counties certify, the same is true of a national election with the states themselves. As Trump hasn't conceded, he now has a right to contest the entire election and that will mean the remaining 49 states will have to conduct a full forensic audit as a result. Why do you think so many states are visiting AZ for the audit right now, including states that supposedly already went Trump and didn't have contested election issues? They know what is coming. Do you all remember prior to the 2018 election Trump signed an EO13848 making national elections a matter of national security? >>>Now put two and two together. If even ONE state shows fraud it calls into question the results >>>of the entire election. Being a matter of national security now puts it under the purview of >>>who as forensic audits are done state to state? If you answered the military you are on the right track. I AM COMEING THE BEST IS YET TO COME!!!!That means they're playing along with Trump and im in control they've already given Trump back his power they've already reinstated him they reinstated them recently

[@oaiaferoce]

For people like this fella here in the video, even drinking a single glass means people will start to see who he really is.

[@patientzero291]

There's a reason why one of the most valuable asset a person can acquire is knowledge. Thank you Mark for all the information you are giving us younger generation.

[@lullemans72]

the most valuable asset is actually time

[@rivaldihartanto4046]

@@lullemans72 Arguable without proper knowledge to invest and use time properly, time will not be as valuable as the knowledge itself.

[@itscooldawgdonteventrip]

@@lullemans72 Time matter but knowledge is important too. there is a reason why young of former entrepreneurs manage to become successful entrepreneurs themselves at a higher rate than the young person coming from a non-entrepreneurial background. Because the knowledge transfer from their parent gives them a leg up in the game. Now nothing can replace ambition. A guy in the ghetto (50 Cents) with a big ambition can almost get anywhere. I believe ambition is the real stuff that matter. You can mentor a lot of people carry other rappers on your back like LLyod banks but if the dude is lazy and lack of ambitions even if he is talented he will not go very far. Ambition times talent = success. 00/10 ambition times 10/10 talent = 0 success . 10/10 ambition times no talents = 6 to 7/ 10 success. 10/10 ambition times 10/10 talents = the sky is the limit success 20/10 success ( elon musk )

[@rivaldihartanto4046]

@@droiddevx03 True but the knowledge to spend time properly is also valuable

[@ashleycreighton9114]

True

[@simonwl]

Great advice - especially about not drinking alcohol! I've never drank the stuff. Made a decision early in life not to follow the crowd. I've saved thousands of pounds over the years. It doesn't stop me having a good time and I'm so much fitter and healthier as a result....and financially independent at 54.

[@itscooldawgdonteventrip]

If you find yourself devoid of ambition, it is only then that you shall mindlessly conform to the masses. It is imperative that you possess a clear vision for your own self, and if you are wise, you shall refrain from acting in opposition to your own interests. Self-respect, self-awareness, and a resolute drive for success-such qualities are inherent to certain individuals. One word : ambition.

[@virtualmjrsorin5872]

Moderate drinking also does not stop you from having a good time. This is a good advice if you know you can't handle yourself. If you have a glass of red wine with lunch or dinner, it does not cause any of that shown in the video. It might make a better meal.

[@brynleytalbot778]

@@virtualmjrsorin5872 He does rather miss the point that it’s the social aspect of drinking and letting others spend your money by obliging you to join in or be deemed a party pooper, that’s the issue, not alcohol per se.

[@greenkitty82]

I haven't drunk alcohol in over 15 years now. It's a waste of money and it made me feel terrible and as Mark says, why would you want to feel terrible when you need to be in top condition to grow your empire? Usually we drink to follow the crowd but that's where you have to decide do I want to live in fear of what others think of me so I'll copy them or think no, this doesn't serve me so i'm not doing it. It's all a choice. Besides we can be interesting without alcohol!

[@ahmettatar2825]

​@hunchodylan HIRSIZ OLMALISIN😅

[@PierceJPeterson]

Would much rather actually be rich than just look rich. Great video, Mark!

[@chase9557]

Mark Tilbury for the WIN!

[@huynhtrungBSk]

Anyone else here obsessed with Secret Pathway To Triumph? It's like discovering a secret treasure map for wealth!

[@sithumdarius1522]

😍😍😍

[@AltoAlto-kp8md]

SCAM SCAM 🎉

[@wealthhacker]

2:26 even with real estate prices through the roof, some people think owning a home is a great investment.

[@jfkst1]

It can be. Depends on the market. I know one person that netted $500k on their personal property strictly by buying in Tampa before COVID. MY sister made $100k on a house she bought and sold in three years in Denver.

[@Sc9cvsd]

I went from a net worth of $20k at 26 to a multimillionaire now at 34 because of real estate. Real estate is the best investment even at these prices in my opinion

[@rtownz251251]

Honestly I think it’s the best investment I’ve ever made. I live in the netherlands and bought my home 3 years ago for €225k. I had to make a deposit of €47k, leaving me with a mortagage of 189k (had to pay taxes etc) at 1.38%. Currently the mortage is only €173k and it’s worth about €320k. So it’s made me nearly €100k in only 3 years! Just by living in my house and paying a really low mortgage payment every month.

[@meibing4912]

Real estate prices in all OECD countries by and large follow wages over longer time spans. The trick is to make sure that you are buying somewhere prices either follow or beat the overall market. Buy in a go-to area and time will make you a winner.

[@paulneedham9885]

It is. Houses don't lose money

[@elvisspringsteen72]

Love the four week rule 😂 You’re absolutely right. In my experience I’ve learnt that if a woman likes you, she likes you. You don’t to spend loads or anything at all! I’m not a millionaire, though… 🤔

[@Csongi-g8i]

Stopped watching after 2:30. Of course, the rich who own large real estate properties, wouldn't want the middle class to buy a house for living. 'Cause they are renting it from them. And they would want to pay that rent till the end of their lives, because this way they keep both the house & rent. Pay mortgage to the bank till the end of your life, and your family at least will have a house.

[@marktilbury]

No I agree with buying a property to rent out, or even as your own when you are older… just not in your younger years if you are looking to be rich. MT

[@saifahmed7622]

I believe in getting a property for myself provided that I'm paying more or less the same value of mortgage per month which I'm paying as rent towards my landlord's mortgage. In those terms I would only be able to afford a condo for myself and I would still go for it

[@TDubya811]

If you are Millennial or Gen Z don't buy these 7 things: 1. Food 2. Clothes 3. Medicine 4. Tooth paste 5. Cotton buds 6. Soap 7. Deodorant Buying any one of these items EVEN ONCE may mean you will never financially recover or ever be able to afford a deposit for a house.

[@trulymaario]

Brother, I am 16 to 17 this year, and I literally need to buy my food and all that things, my mom works everyday and when she arrives at home, she is so stressed and tired to buy these things, so I need to buy them, plz tell me how I minimize these expenses, because here in Spain, the food is easily x2 expensive compared to 5 years ago and my income is low as fuck because Spain is all tourism and they dont want young boys.

[@isaacduraes7685]

What

[@beat1riz]

Boo hoo, go home.

[@cipisekmanka3111]

U are right, food is a luxury, buying groceries will lead you to bankrupcy these day. One has to be very careful.The prices doubled here in Europe since 2022. I d be better off starving than paying them enemourmous sums for food. Yesterday I was lucky, i got a slice of bread for 5 euros, thats super cheap.

[@noremorse4379]

Spoken like a true victim

[@mortenborg]

Advantage of buying a house - in my country - is that profits are 100% tax free. On the other hand we pay up to 42% tax of stock profits. So, I think it depends on a lot of personal factors.

[@abdulhazeeb]

kommer du fra Danmark ?

[@meibing4912]

But you pay some of the highest property taxes in the world - and its even regressive. Its just your property tax system favours running taxes over capital gains. Move to Norway for the win.

[@backcountyrpilot]

Of the 9 houses I’ve owned in the past 38 years, the selling prices add up to $354,000 more than the purchase prices. After subtracting for guesstimated repairs and closing costs, then adding-back estimated tax savings, I suppose I’m SLIGHTLY ahead. The best I did was $289k purchase in 1993 with a sale of $850k 12 years later. The worst was the purchase of a house and a VRBO ski cabin in 2006 for $1,560,000 and $1,250,000, then selling them in 08 for $1,050,000 and $850,000. According to Zillow, those two houses are just now priced at what I paid for them 17 years ago……just before the last big crash. The economy is overdue for a crash. If you’re young and would need to borrow money to buy a house, I’d suggest holding off. OTOH, I have done very well with warehouses that I’ve rented to others for 20 years or more, and not so well on ANY get-rich-quick investment from clapping hats, an oil well, promoting rock concerts, stock options, aa vending business, etc.

[@marktilbury]

Hi. WOW what a break down, the ski cabins were definitely a big hit in your pocket that’s for sure. But overall balancing out your investments seems to always be what works. Thanks for the comment. MT 😎

[@Corkfish1]

I bought my house during the real estate bubble of the 1980s. Fifteen years later it was still worth less than I paid for it. I have a friend who bought his house in CT for a little over a million dollars in 2005. He sold it 14 years later for $835k.

[@Tchild2]

I paid off my home during the GFC in 2009. It was simpler brick rambler with very low upkeep costs and I paid $1,000 a year in property taxes. You can't believe the peace of mind that gives. Then, you can't believe how much money you have to save / invest every month without a mortgage payment. The paid off house gives you something to fall back on if you lose that job or want to reinvent yourself for another line of work. It is freedom. The other points, I agree with.

[@fvlok]

Agree 100% but…….Made the same mistake as you. Bought in 2015 and had it aggressively paid off by mid 2021. If I rented and put the delta into the S&P500 I could buy this same house 4 times over in cash today. At least I have a house but it was the worst idea to pay it off so aggressively 😢 One do need at least one house to live in unfortunately.

[@Tchild2]

@@fvlok Paying off my home in 2009 at the near lows of the stock market was an even worse financial decision when comparing what I could have made investing. Of course, at the time, it seemed that the world was ending and looking back in hindsight it is easy to think, "What if". I am still doing it with my new home - aggressively paying it off, even while the SP500 and tech has been roaring these last four years. It is in my DNA to be debt free I suppose.

[@fvlok]

Same mate. Allergic to debt. Hold no debt. Trying to save 45% of nett income, started a bit late at 41 but got some time

[@AnymMusic]

I also prefer renting because, at least in the Netherlands, renters are VERY well protected, and realistically if I wanted to leave, I could just pack up and go instead of dealing with selling

[@responsiblewealth7509]

A fair point, though heavily dependant on where you live! Unfortunately, not every country has its s#!t together like the Netherlands!

[@RomeTWguy]

Yeag but also in the netherlands you can get a mortage that is lower then your rent. And you can also sell any time you want

[@responsiblewealth7509]

@@RomeTWguy true but his point was that he wouldn’t have to deal with selling, not that he couldn’t sell

[@RomeTWguy]

@@responsiblewealth7509 you can sell quicker here then you can break the lease on a rental tbh. Also you can take the equity with you

[@jasur3442]

Buying house is a good advice if the house price is reasonable comparing to renting. In my country you can buy a 2DK apartment for 50-60K USD and rent is 400-500 USD per month.

[@theTeslaFalcon]

I never bought ANY of those things. I spent my 20s & 30s having kids & raising them. Bare basics of food, shelter, clothes, & transportation was all I could afford. Worked 90+ hrs/wk for most of my adult life. I'm 48 & still not rich. I own 2 broke down cars & getting to work w a loaner from a friend until I can save enough to get my ride fixed. House will be paid off in 2 yrs but needs more money to repair the roof, siding, windows, porches, etc than it's worth. I never got into stock market because that just seems like gambling to me. The "house" ALWAYS wins.

[@benjaminedelmann2577]

Not buying a house will be only beneficial if you save and invest religiously over decades just as you would paying a mortgage….I know very few people who could sustain that….including myself. So it’s also about being realistic about yourself.

[@wojciechjanek1215]

I like the way these videos are made. Especially the little icons at the bottom showing progress.

[@marktilbury]

Hi, my team are always looking to how we can keep improving, thanks for your support. MT 😎

[@whiteweewee5961]

i pretty much agree with all of this. when i was younger my dad told me to buy a house; which i did, but only as an investment property. i then leveraged this property to buy another after a couple of years. it has allowed me to live a decent life, 20 years later.

[@brynleytalbot778]

If you have a stable home environment with highly supportive parents this works. If not, you need a roof over your head, which can drain your income. It’s all far easier at home with no bills and easier still with parents who support your entrepreneurial spirit.

[@whiteweewee5961]

@@brynleytalbot778 this is true. This is weakness of western society. Kick their kids out when they are 18. Immigrant family consolidate resources to help next generation

[@fatheadcat9958]

Smart people don't buy a house, they buy a post/zip code. Then buying a house is a wise investment.

[@derekhayter4879]

Just saying though... The housing market from 2000 and 2023 is... Quite different.

[@whiteweewee5961]

@@derekhayter4879 yea you are correct. It means that you need to be even more motivated to get into the ladder. It’s very hard now and parents need to start thinking about how they will get their kids onto the ladder. My kid is 10 and I have already started putting money away for when he is older

[@XyaThir42]

Some advises do really not apply to specific places. Baught a house in 2014 in Paris suburbs to live in, sold it in 2022. Prices did x2 in 8 years, so I could pay back the whole mortgage + getting a lot of benefits. And for my car, the inflation is so high that for the frist time in my life I could sell it 3 years later the same price I did buy it.

[@thomaslorinczi7477]

Doesnt inflation mean money is worth less?

[@SpeedbirdHeavy]

I'm retired and if I didn't own my house, I'd have to pay $800 a week to rent it. That's a big advantage at a time of life when your earning options are hugely reduced.

[@marktilbury]

Hi, I agree owning your own home is fantastic! When you choose to buy it is what’s in question and how much money you lock up. If you deposited $100k on a house and that’s all the money you have 10 years latter you will own part of a house. If you invest that $100k in your own business you have the chance For that to be $1mil $2mil in 10 years. Then you can buy three of four houses ! That’s the lesson . Thanks for watching MT 😎

[@Sc9cvsd]

His point isn't about not buying a house. For most people it's the better option. What he is saying if you want to be rich, like worth $10 million by 40 rich, then you need to take risks and buying a house will lock up a lot of money that you need to be risking in a business venture to get there

[@SpeedbirdHeavy]

@@Sc9cvsd I think Mark already explained his own point perfectly well thanks (see his response). My own point was to illustrate the benefits of owning a house later in life, which people of Mark's son's age might not be thinking about.

[@fvlok]

Made the same mistake. Bought in 2015 and had it paid off by 2021. If I rented and put the delta into the S&P500 I could buy this same house 4 times over in cash today. At least I have a house but it was the worst idea to pay it off so aggressively 😢 I have time on my side 43 now

[@meibing4912]

@@fvlok Agree, huge mistake many make is repaying mortages. I cringe at all the "advice" out there saying people should draw down all their debt. Housing loans are almost always cheaper than alternative investments in stocks. Why anyone - ever - thinks its better to give their money to their bank than keeping it for themselves is completely beyound me. Liquidity is by far the most important thing to preserve in finance and bring down your debt aggressively can kill it.

[@johnbell7534]

Thank you Mr. Tilbury for sharing your knowledge with us through your KZbin channel, you have inspired me to go on my own financial journey to become a Multi-millionare!

[@marktilbury]

Hi, good luck my friend. MT 😎

[@speteydog2260]

Thanks for the great tips! Alcohol is a definite No no.

[@paulthomson2288]

Consider what is cheaper. Renting or paying a mortgage. So don't entirely agree with the 1st suggestion as you can also get in boarders and tenants to reduce mortgage payments.

[@davideanil]

Exactly... Also, people prefer to have their own house as a safety net, in case you lose ur job, get disabled or other things lower ur capability to earn... That way u don't have to worry about rent, also an asset u can use in emergency... How u finance the house is also important...

[@chrisdnz82]

The house scenario depends on where you live, im in an area where prices keep rising, value of last house went up 90k in 6 years, current is up 40k in 2 years

[@thomaslorinczi7477]

So is inflation?

[@chrisdnz82]

​@@thomaslorinczi7477 its well above inflation

[@GoGoHopping]

I've got the "not buying anything" part down.. now just need to become rich.

[@lymanjoy]

Not if he used a total heloc for the house, then money towards the house can be instantly accessed?

[@mlgsnip3rv291]

Thank you so much, you are saving and teaching thousands of people from making poor financial decisions

[@Ian.D.]

Apart from the first advice, everything else is spot on. Buying a house is actually the most cost effective purchase one can make. Assuming someone finds a house to rent (which by itself can take months and almost becomes a full time job), the mortgage payment will never be as high as rent (where I live it's almost half of a month's rent). Not to mention that the house value will only increase in the future.

[@sureshpeshawaria347]

You can't be rich, you can just be a bit better financially...

[@notroll1279]

With that attitude, you can't.

[@ağırsağlam]

I always insisted old people can be fun. But now I have a sharable proof

[@ionutg4469]

I am so glad that I watched your video! You are really right with piece of advice #2, #6 and #7!👍 It is the best advice I have heard from a person so far! Thank you so much!

[@DavidSanchez-cn9nf]

Amazing advices. Thank you for sharing 🤗

[@dnilbhr]

Don’t buy a house for yourself, buy one for your landlord instead

[@KolyaNickD]

Not quite "rich" yet but getting to first mil - 2 huge influences for me.. 1) the book "How To Get Rich" buy Felix Dennis is truly superb advice and actually very thoughtful. 2) "Superfreakonomics 2 - think like a freak" has a lifechanging chapter called "Teach the garden to weed itself"

[@ratsliveonnoevilstar1]

Thanks for this, I’ll check it out

[@acapellaz1]

Love Felix Dennis book. Just finished it 2 weeks ago. An amazing read.

[@leondebates2266]

Buying a house beats the instability of risking eviction every 6 months and ridiculous rent increases as you pay into someone else's pocket.

[@pranavchadha2447]

Hi Mark, I bought a house where I paid half the amount upfront and took credit for 50% of the value. I make extra payments every year to reduce the loan period ( the house credit is a fixed 2.5% ) . I expect to fully repay the house in 8 years . Would you say this is still an ok decision or not a good idea ? ( also the market for renting is hot in Bonn, Germany and not easy to get a place if evicted . I’m a father with two little kids under 3 )

[@danivena1910]

Na minha opinião uma casa você deve ter e não atrapalha em nada a formação do patrimônio.

[@Calventius]

I disagree with your not buying a house discussion. During the recession of 2007-2011 I bought 4 houses in Indianapolis and they have each quadrupled in value. Each lien I pay off frees a stream of income. Best thing I ever did!

[@marktilbury]

Hi, you did exactly what I said, buy houses as investments when you have enough and the price is good. Buying a home for your self only will tie up all your money when you are young. There’s a big difference between the two statements. Thanks for watching. MT 😎

[@patrykros3383]

@@marktilbury What if you are in need to rent something anyway, and when you calculate it, it will cost you the same/not 10% more than renting? (Buying on mortage). Simple logic says it is better then to pay off mortage and be left with house, than pay landlord and be left with nothing? If you want to move on, you can always sell it and get something back from it?

[@marktilbury]

@@patrykros3383 hi, unless you stay in a house for 6-7 years it will generally cost you more than renting because you have so many other payments to make, people only ever look at mortgage to rent but tying up a Big deposit deprives you of cash to invest. Unfortunately it’s swings and roundabouts, more than one house is an investment just one to live in is a home long term. This is also aimed at up the 30 years old after that you really want to buy a house out right for you long term security. Everyone has their own view. MT 😎

[@Mr_Dink]

Why not buy a house or apartment? After 10 years we are now paying less interest than we would have paid in rent. We are also saving automatically because the bank debits it. And the property is increasing it's value over the years. And ich can sell it when i need the money.

[@ChiefDLK]

The house thing is not the same for everyone. I am US Army military veteran with a VA rating. It cost me almost nothing to buy a house, which then starts building equity and, in fact, doubled in value in the 10 years I have owned it at a low interest rate. It has actually allowed me to save a lot of money since from when I have had it, it has always been cheaper than renting.

[@responsiblewealth7509]

Great point!

[@jacc88888]

I agree if it doesn’t cost much, much better to own your own property imo. I’m wondering whether Mark was thinking of house prices here in the U.K.- land is more a premium here than in the US so house prices can be very high and then you’re saddled with a huge mortgage and no spare cash to invest in anything else.

[@sorynn1991]

A very insightful video. Incredible eye-opening information, until I realized that I already was not buying any of the things listed and I still did not get rich, and I am broke asf.

[@will532]

Do you have any episodes with your son? I’d like to hear about his story, as having you as a mentor clearly benefited him a lot!

[@marktilbury]

Hi, check out Strike it Big on KZbin. Thanks MT 😎

[@will532]

@@marktilbury Great, thanks!

[@ТихонСкрынников]

I bought an apartment when I was 22 y.o. and it was the right decision. You have very high chances to lose your money when you that young. By the way the price of this apartment has doubled in 4 years and made x3 in 8 ears. We (me and my wife) bought it with cash, but maybe we should have bought a bigger one with mortgage, interest rate are extremely high today. (I am from Moscow Russia)

[@endwido]

I bought a house for 700,000$ it’s now worth 2.5mil 10yrs later…that’s a good investment. Don’t need reassurance

[@marktilbury]

Hi, that’s fantastic! But if you invested that money into a business which you could now exit for $10 million you could buy that house and have a chunk of money to live a great life. It’s just the two ways we can look at it, both have upsides and downsides. Thanks for watching MT 😎

[@DaemonViews]

@@marktilburyand how many people can invest that and exit with that amount?

[@da3v1ls93]

You COULD invest into a business however 95% of businesses go belly up within 5 years. Just go watch Dragons Den. The yellow pages are filled with graves of people who wanted to make it. Houses are a solid way to build your net wealth.

[@notroll1279]

​@@DaemonViews He pointed out that this advice is for people who try to get excellent returns for putting in lots of work (and taking some risk in the process). Those are not many people - but they tend to need equity for lucrative investments.

[@bill72pa]

​@@notroll1279that's like me saying don't invest your money in any stocks or mutual funds. Just start a new company like Amazon. So easy to say and obvious. But the majority of people don't know how to start and run a company, let alone a successful one.

[@Soubhi.Tenawi]

That what I tell my friends everytime, don't go for a girl and spend time, energy, money that is not going to be your future wife. And they tell me they can't help it without a girl in thier life. I think that was the best advice you gave, being single= being 100% focused on your goal, so you would reach it faster, and your relationship will be more and more stable. Also I find it cute that you like every comment 🤣🤣😍😍 pin me please 🤳🤳

[@marktilbury]

🙏🙏

[@1YKAPROJECT1]

We are suffering in the Turkey due to high inflation. If I couldn't buy it today, it would be expensive later. So everyone thinks buy today even you have debt for it. In the worst stution, you will sell it. It will be more expensive than yesterday. So many people are buying house, land, car, phone etc. I do not. It became like I couldnt afford an average car or an average phone. I became poor. They became rich. What should I do?

[@boseayoade3072]

Millionaires are made in crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 2months, and it would really help if you could make a video covering these strategies.

[@Mathew-bp5bm]

The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@onwugharablessing8264]

I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on businessweek, who restructured my portfolio and over the last couple years, I've made over $850k from initially $210K

[@emilysmith5287]

I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up

[@expertkanejames1857]

Well i won't say i have........His name is "Jackson Sten Marsh" can't divulge much. Most likely, the internet should have his basic info, you can research if you like

[@josephlee4001]

Thank you for this tip. it was easy to find your coach. Did my due diligence on him before engaging his services. He seems proficient considering him résumé.

[@moocow4u2]

9:08 oh man, the "sale" excuse drives me nuts. You didn't save $20 on a $50 item... you spent $30.

[@sinnari-7329]

Number 7, that's one wisdom why Allah told us to stay away from intoxicants Thanks Uncle Mark for the valuable video ♥

[@m0nkeyph0nic]

Bought a property a long time ago. Sold it a few years later for way more. Took the money and bought a ferrari. With the car I got to meet so many new and interesting people that I could expand my business so much that i wouldn’t need to worry about anything anymore.

[@TheMidnightTerrors]

Would be interesting to see a whole video based on the last point you briefly touched upon. Treating your brain and body in the best possible way for success. Healthy habits of a millionaire or even a daily routine of a millionaire. Sleep, Diet, exercise etc.

[@mrknoklene]

I like your advice, and that last one, no alcohol… I LOVE that ❤ That’s deeper than money, that’s life enhancing and life saving advice 🙏

[@jimh4072]

A friend of mine did this. He got a massive inheritance paid earlier from his mother, she didn’t want him to wait. He blew the lot before he was 35. He is 51 now, renting a house and driving for Amazon.

[@chrissambrook84]

My brother's best mate got £800k at 18 in the early 2000s from inheritance. Blew the lot within no time at all. Even just buying a house and not investing, etc would have given him a couple of million by now.

[@jimh4072]

@@chrissambrook84. That’s a shocking amount to waste. There is no talking to some people - they think they know everything. My mate ended up in a shared house during Covid, no money and no job. He had to sell the flat he had bought and made nothing because he started all these renovations and never finished a thing, he was lucky to get it sold as it was worse than when he started. I just give up advising people these days, there is usually no one listening. 🙄

[@responsiblewealth7509]

@@jimh4072 This comment thread is just tragic :(

[@dragonjmoore1927]

Finally someone older is saying what i have been saying about buying a personal house, it not really a good investment over all

[@georgecase5908]

I don't see how, when monthly rent payments and mortgage payments are basically the same now (my monthly payment actually went down after buying a house). Surely it's better to put money in an investment (the house) every month than literally throwing it away (renting).

[@alexmurd7]

Obviously the old man won't say that it is better to buy a house, do you know why? because it has properties for rent behind it dah

[@broadcastdave]

I work in real estate and also run a business. I advise my friends and family not to buy a personal residence until they are at least 7 years into their career. This allows for mobility to seek better opportunities.

[@Sp666ky]

Buying a house does not lock up the money. It is equity. Paying off a mortgage instead of paying rent give you increasing equity. The price of property going up increases your equity. You can then use this equity to borrow money for business.

[@marktilbury]

Hi, none of what you say is wrong, in fact for most it’s the best advice, but if you want to get truly rich then it does tie up to much money early on in building your empire. Thanks for watching. MT 😎

[@Kevin-bl6lg]

@@marktilbury what is the difference between buying a property to rent out to strangers and buying a property to rent out to yourselves? ...yes, some aspects of tax deduction. But you don't pay income tax on the rent earned from yourselves

[@jj413_]

Thanks for all this information it’s very valuable for us all, I am 14 years old and it’s very good that I am being taught these things at this age

[@UndeadPigeonFilms]

Hell yeah man. I'm 25 and wish I learned this stuff sooner. Hope you have a prosperous future ✌

[@jj413_]

@@UndeadPigeonFilms thanks man, I hope you have a prosperous future as well📈

[@gadzikagunda3617]

6:54 Am definitely clipping this part for future use. I keep telling people the same throughout and they keep saying something is wrong with me.

[@goldfries]

Even as tech guy I'm using my ASUS Zenfone 5 for almost half a decade now.

[@raffgalway2379]

Brilliant quote "when I was young building my wealth, I wasn't looking for anything long-term (e.g. partner/wife) because I knew I wasn't the Man I wanted to be yet"

[@DisruptorDialogues]

Mark, you've hit the nail on the head with this one! As someone who's been on both sides of the wealth spectrum, I can't stress enough how much I resonate with your points. I remember my early days, hustling and grinding, and the temptation to splurge on the latest tech or a flashy car was always there. But like you, I realised that the path to true wealth isn't about looking rich, it's about being rich. Your point about buying a house really struck a chord with me. I've always believed in reinvesting into my businesses rather than tying up my capital in a property. It's a controversial view, but it's served me well. And the bit about staying single while building your empire? Spot on! Relationships can be a distraction when you're trying to focus on your goals. Your video is a wake-up call for anyone who's serious about building wealth. It's not about the flashy lifestyle, it's about making smart decisions and investing in the right places. Keep up the great work, Mark! Your insights are always on point. P.S. Your son Curtis sounds like a smart lad. He's definitely got his head screwed on right!

[@TheRis81]

Shut up

[@markgardner9946]

My house payment is much less than any rental property in my area. And with the rise of interest rates and inflation, my property value has more than doubled in the 20 years I have owned it.

[@ricardoblikman2676]

Any $150 - $180 android phone is good enough for everything. You dont need an Apple a phone is just a thing with apps and icons you tick. I had apple, Android and Microsoft they all worked fine and you can migrate photos / contacts.

[@pangeaproxima9446]

ok, ok...

[@EmTee22]

Most androids don't have good enough cameras if you want to do some photos on Instagram or try to become influencer

[@ricardoblikman2676]

@@EmTee22 If you want a good camera you should buy a 5000-10000 Japanese one with zoom lense and the whole pro setup, it makes iphone look like a joke

[@lovesjw]

Really happy to see this video.I wanted to buy a new car last Friday. I even visited the dealer and made a test drive. Instead of making instant decisions, I did the math which is presented in the video. When I got the number of 600€/month for 60 months with a final installment of 17000€, I told myself to stop.

[@jerryscotfield6913]

Acquiring stocks has been a problem for me as I never know what to do next, I have a portfolio of 200k and I just watch it decline, any suggestions Mark?

[@JosephineGaule]

Most people use an expert on these matter, you can’t just be freestyling your way up with a portfolio that big

[@Lolatyou332]

For the 1st point, TBH I've made more from buying a house than if I would of invested the money. Spent about 14k for the down payment, 30k of improvements, and built about 80-90k in total equity while also having a very affordable cost of living in a house with minimum expenses to maintain due to everything mechanical being new..

[@jimh4167]

Stop buying Wants Only buy Needs

[@stevegonzales527]

People try to live out of their income. I learned what worked for me. Judge if something that isn’t a necessity is worth your time and effort you put in for that money. Only spend on necessities. If you want to make a big purchase only spend 10% of what you have saved up. Recently opened a 2nd business out the blue (old owner passed away), 0 debt, payed off house, buying a 2nd house in California with 0 loans and will just rent that out for more income. The most I’ve splurged on myself in 5 years was just a seiko watch while I was in Japan for 200 bucks 🤷‍♂️ rather have money in case for emergencies than be struggling month to month

[@caracal9458]

buying house is the best way for most people to become a millionaire. It's the easiest and safest (though not guaranteed) way to use leverage. However it doesn't mean you have to buy the biggest house you can get. Sounds like Curtis was looking at too much house, should be getting on the property ladder, maybe with just a flat/apartment though and start building equity instead of renting and in a few years move up to a bigger house.

[@marktilbury]

Hi, actually he’s living at home and building his wealth. For some buying a house is a good move to become better than average, to get rich there are much better moves to make. Thanks for watching MT 😎

[@juliusnovachrono4370]

I honestly didn't know I needed this. Great video.

[@Benpointdxtr]

i love your videos keep it up, youre the only multi millionaire i know doing these and sharing these things

[@matthes1111]

5:30 this move is quietly something in between badass and kinda sad. Rest is just nice. Also recognized the boba in the background. Love it haha

[@korgond]

A new house and a fancy car are the biggest expenses

[@leewilliams1008]

I've only recently found you Mark. Love to listen to your comments. It grounds me yet gives me such enthusiasm. Cheers mate.

[@kerryfoster1]

I rarely buy extended warranties however when I bought a PANASONIC dvd surround sound system I did purchase the extension. It worked beautifully for some time but after several years the player stopped working. I returned it to the retailer - couldn't be fixed. They replaced the entire system no quibbles. They were RICHER SOUNDS a great, honest and dependable company. The emplacement is still working 9 years later!

[@tobiasdoe2518]

i divorced, sold my house...now i am getting rich

[@cipisekmanka3111]

Smart move, congrats on that.

[@jamesdownes3284]

Nice

[@jetvdna5449]

Best decision ever don't get married 😂

[@sureshpeshawaria347]

@@jetvdna5449 I hope you'll set that example yourself, then the rest might follow you...

[@joaquinben4458]

Yeaaa!!!!

[@summerflower6641]

Hello from the discord. I've already been doing most of them, but it is nice to know that I'm on the right track.

[@KenistonKist]

You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller

[@WilsonCounty]

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.

[@UsamaG-mq1jy]

I'm new at this, please how can I reach her?

[@GrozaGroza-ko7fn]

Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to Charlotte Grace Miller for I and my family

[@KenistonKist]

She's always active on Whats~App...

[@KenistonKist]

+180

[@lucasamorimporto3300]

I used to spend a lot of money on cars, always trying to get a nicer and more luxury vehicle, sometimes opting for an older car with higher repair cost. Now I simple swtiched for a lease, where I calculate the money I would spend getting an uber for my daily needs and set a budget for the monthly cost of the car, with that I simple fixed my cost of ownership by replacing it for a cost of usage.

[@colinyoungscot]

These videos are great. Would be good to add extra details on what to do with the spare cash. I know investing is probably a good idea but people need to reward themselves occasionally as well.

[@tymondabrowski12]

There is this budgeting plan 50-30-20, 50% (max) for needs, 20 for saving & investments (save until you have an emergency fund, then invest), and 30 (or any spare cash) for "wants". Just remember to include vacations, Christmas gifts and other stuff like that in "wants" for that year. If you're behind on the retirement, it might be good to switch 30 and 20. And you can adjust it all for your situation.

[@cupidstunt66]

I'm old enough and have experienced enough of life to comment on your advice. On the whole I agree with what you've said, however I think anyone who focuses exclusively on making money, over relationships (dumping relationships after 4 weeks), a family (a house for comfort, security, family asset etc.) is going to be a pretty dull and lonely person. Sure having lots of money is great but not if it means you end up single, no friends, and little life experience outside of your obsession with money. I think the best advice you can give a young person is to invest in themselves (education, health etc.) and have a life plan in terms of money i.e. don't blow it all as you earn, but develop a strategy of investing somehow (big or small) so your money works for you - so it's not just you working for money! And finally, life is a marathon, not a sprint - don't be in a hurry to get anywhere fast, especially rich. It will only end in tears.

[@TheWeekendYogurt]

I love when people tell me I don’t need to buy a house because I’m waaaaay too lazy for home ownership

[@jaydensiba8138]

Would love to see a video on how to grow your physical business

[@marktilbury]

Hi, sounds like you should join my discord, there’s going to be lots happening there in the next couple of months around business. Thanks MT 😎

[@squally6924]

Hey mark do you think buying a duplex at 18 is to young

[@marktilbury]

Hi, if you can do it with out effecting your emergency fund then good luck my friend. MT 😎

[@Mthusiast4life]

Stopped buying food and hygiene articles, using toothpaste for shaving. BTW works like a charm, just burns a little more or less depending the area you leave it on. But right because of that, I can buy watches on mass🎉

[@Ken_pea]

Mark, you truly are an inspiration to young people like me. Thank you for giving us the knowledge guiding us to financial freedom and independence.

[@CraftingCookie]

Very good video, nice thumbnail too!

[@kristianvepsalainen1746]

When you bought your own house and pay mortgage very fast, you can use it as a collateral, when you take new morgage and bought house for renting. Also in Finland, we have a law that if you sell the house where you are living at least two years, it is taxless.

[@qua7771]

I bought my house cheap, then it tripled in valve. It costs about what I was paying in rent, but with twice the space, and better amenities. No regrets here.

[@brynleytalbot778]

One should focus on the reality that there is no realised appreciation in value in a home you occupy so it’s a myth that you’re any wealthier.

[@qua7771]

@@brynleytalbot778 To add to my previous comment, my 3/2 monthly payment is cheaper than I could rent a 1br apartment for. I have no regrets. Realized value comes at the point of sale, which it's like any other asset. Since it would cost me triple to rent there is a savings in living expense. I think people in finance often forget about lifestyle. What is the point of making money if you become a slave to it? Wealth should bring freedom. Maybe I just hate the feeling of renting, and feeling like a guest at someone else's property, with no since of ownership.

[@davidmorrissey5075]

Just on the first point regarding buying a house, while I agree it takes up a huge chunk of cash, is it not better than enriching a landlord and paying dead money? Especially where rents are extortionate in this climate

[@marktilbury]

Hi, for some it’s better to buy, however if you can use the cash to boost you own business or investments then it’s dead cash if you tie it down to a house just for you to live in. It takes approximately 5-7 years to get into a positive position when you buy. Thanks MT 😎

[@davidmorrissey5075]

Fair play for your response and engaging with your followers. Keep up the good work @marktilbury