Getting Rich By Being Poor... Acquire a Multi-Million Dollar Net Worth and Less Than $2,000 In Cash

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Anton Daniels
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#Millionaire #Broke #CashPoor

[@ifixditpd6391]

SPOT-ON!!!...DON'T KEEP IT(CASH'WISE)JUST TO GIVE IT BACK TO THE GOVERNMENT, PUT IT BACK INTO A BUSINESS(PAY NOTHING IN TAXES) AND GET EVEN MORE MONEY BECAUSE NOW IT'S AN ASSET. HOW THE RICH AND SMART DO IT. GREAT ADVISE👍🤝

[@australianpatriot]

lmao none of you deluded high fools will become rich here

[@Yourneighborhoodsushichef]

I always say, saving money is obsolete. I have mostly monthly and quarterly dividend paying stocks, etfs and reits. I've been reinvesting those compounding payments on top of investing earned income.

[@jusrarsh4109]

*Assets that appreciate in value, long term is the game of life kids. It’s a marathon. Build your empire.

[@TRUE-LION]

Always a good feeling to be chilling with your baby

[@matthewprince9705]

Rita!! How does she keep you in check? I bet she ignores your daily rants 😂

[@curtisdavis8594]

Man.. You gave away Mad game.. Thank You,AD! Assets-Liability... Make interest off your own Assets!! 💎

[@scooby_n_daphne]

The problem with broke people they spend mostly all there bag 💼 every payday. 😮Real Talk💯

[@alonzobright5693]

There is a certain amount of "CURRENT ASSETS" like cash, or things that you can turn into cash quickly to respond to life events and provide you flexibility. For example, car repairs, home improvement/repair, funerals, vacation, etc. A certain amount of cash also gives you flexibility in living arrangements AND negotiation. To have a networth of more than $1 million dollars with less than $2,000 in cash is risky strategy. If you own a home (debt free with no mortgage) and you do traditional repairs, maintenance and investments, it is well above $2,000 per year. To pay monthly living expenses is more than $2,000 per month. So to have less than $2,000 in cash doesn't make a lot of sense. I reserve the right to be WRONG.

[@tobiuchiha8370]

This why I love this dude! Lol 😂 awesome information.

[@observelearn2345]

Ok so let's say someone has $500 and not $100.000. what asset can you invest in with $500

[@dialac1]

With $500, you’re best served spending it on yourself on personal development

[@mrunconventional]

Bitcoin

[@LakersDynasty42]

You can buy stock or try buying finance books.

[@g.j.u.s.157]

buy something that APPRECIATES with time. vinyl records, sneakers, comics, etc

[@KoolAidFrost]

@@dialac1 exactly like personal trainer, counselor, coding class, vlog camera,

[@ldwalker1000]

Love the info

[@soulwhistler1469]

🔥🔥🔥 soon I will have the #1 water in the world but In till then I gata continue to do the wrk. 🙏🏽🦅 best content in the game..

[@jayprinceforpresident]

Anton is a old man leaving early hey Rita

[@kenyascott5715]

I have $10k in the bank. Do I open brokerage account first?

[@g.j.u.s.157]

depends on if u want to manage ur own money or not. u can open 1 and still have managerial control. research brokerage accounts in general

[@kenyascott5715]

@@g.j.u.s.157 thank you that is what I'm currently looking into. I started with cashapp small investments doing pretty good

[@ItsWillTalk]

I have $80k and thinking the same thing. I was wondering if I should hit up Anton for some coaching or the Pocket watcher JT who is a financial planner

[@gregory22193]

@@kenyascott5715 yes you should. I was in the same boat as you two years ago and I felt so overwhelmed. Not sure if you’ve seen the KZbin channel “ Our Rich Journey” ? If not check them out, there’s a video called “how to open a stock account in less than ten mins” that really helped me, in addition to their other videos. Also, a book I highly recommend is called “ The simple Path to Wealth”

[@kenyascott5715]

@@gregory22193 thank you for sharing

[@Enlightenmentcircle]

Nobody tells how to do it it’s all theory 😂

[@benjamindoverfield6973]

Much love

[@djsovain]

How was that weather out there ..

[@Chidoski91]

Hey Anton, where can I get your glasses?

[@ItsWillTalk]

I have those same glasses, but they’re mirror tinted. I would like the clear lenses like these. I got them from sunglasses hut. $600

[@Chidoski91]

@@ItsWillTalk what’s the name of the glasses? Thanks

[@finallygoated2361]

@@ItsWillTalk 600$ for glasses?? Shesh

[@australianpatriot]

@@finallygoated2361 u think thats alot? walk into cartier for the low end of lux

[@prettydisabled9060]

@@finallygoated2361 If they are for vision and are good quality, meh. Plus it's probably like a $100 to them and many pay ~$600 for a phone. Not saying it's the same... though meh if they are smart about their money I've no issue with others enjoying it responsibly.

[@OPDNETWORK]

So dont have at least 10-20k for a emergency fund just a question ???

[@prettydisabled9060]

You need that!

[@sleepmoneyken9234]

You can't pay bills with equity so you got to have that 20k in cash on hand .

[@OPDNETWORK]

Thanks

[@AJohnson0325]

There are different schools of thought on that. I say it depends on if you have debt and how long it’ll take you to pay it off. If you have debt then I’d have about 5k handy while you’re paying it off. It also depends on your income, net worth, and how likely you are to lose your job. Dividend ETFs are usually low volatility and very liquid which means you can get your money out fast so some people will keep some money in something like that and some in cash. Of course you can lose money in the short term like that. Some people that make a lot of money will put it on a credit card and pay it off by the end of the month because they have a high credit limit and make enough to do that. Others want it in just cash. The standard average Joe answer is 3-6 months of expenses in cash. Personally, I hate seeing more than about 5k in my account just sitting there doing nothing and not getting compound interest. Whenever I see money, I try to get rid of it and buy some stocks or ETFs. I stay away from gold and crypto. If you don’t know what you’re doing with stocks and 99.9% of people don’t then just get some good ETFs once you have your emergency fund. Mutual funds are almost the same thing but have much higher fees usually so I stay away from them too.

[@jayprinceforpresident]

And you have to unblock me from the stream I said q name and she blocked me

[@MillionaireMorningShow]

You aren't blocked

[@dialac1]

Fam I think it was foul that you called that cop a pig on the stream. No matter how we feel about our black brothers on the police force, we should show them some respect cos they are the same people we call when something happens to us.

[@g.j.u.s.157]

think more pro righteous, less pro black. cant just align with ppl (or not) just because of their profession. yes it's a choice, however we not in a lofty position as black folks so new tactics are needed. Peace to the civilized humans on the planet!

[@prettydisabled9060]

@@dialac1 ♥️