How I Made My First Million

  Рет қаралды 58,000

BeatTheBush

BeatTheBush

Күн бұрын

I'm still holding on to my original thesis of a huge correction coming up. Sure, it may never come but at least I will not be homeless if it doesn't.
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Пікірлер: 687
@GrahamStephan
@GrahamStephan 4 жыл бұрын
YAY FOR REAL ESTATE!
@nerlinjoseph9032
@nerlinjoseph9032 4 жыл бұрын
I am a big fan of yours. Your youtube content is AMAZING!!
@davidsdinero
@davidsdinero 4 жыл бұрын
You should make real estate videos! You might have 2 million subscribers someday.
@dkgong
@dkgong 4 жыл бұрын
Lol. You guys should do a collab
@AZrakoon
@AZrakoon 4 жыл бұрын
Hey good to see you here:)
@pinkcichlid
@pinkcichlid 4 жыл бұрын
Danggg I just watched one of your videos! Good stuff! 👍
@wunder1385
@wunder1385 4 жыл бұрын
Now you can write (as a millionaire) in the title of every video
@jasonfanclub4267
@jasonfanclub4267 4 жыл бұрын
he is also an ex engineer
@vexpressivo
@vexpressivo 4 жыл бұрын
Lol techlead fans. We should start a group
@Jerome-iwnl
@Jerome-iwnl 4 жыл бұрын
“How I made my first million (as a millionaire)”
@vexpressivo
@vexpressivo 4 жыл бұрын
Y isn't there a meme on this phrase yet
@MarketScraper
@MarketScraper 4 жыл бұрын
Yep, assumed that you have a few million from house plus the type of job you had, investing mentality, and KZbin can't hurt. Also I would need a few million to feel confident to retire young, well I guess depends on passive income and youtube stream.
@vexpressivo
@vexpressivo 4 жыл бұрын
Guys u can estimate when he got into the market . Say bw 2010 to 2012. Look at the townhouse rates in Fremont neighborhood n pull the TC for hardware engineer n u can do the math yourself. Right now Fremont townhouses nice ones are about $1m - 1.2m. with job earnings reinvested maybe another $1M. $2M is not enough to retire AND have a family in South Bay :(
@disengagedsage737
@disengagedsage737 4 жыл бұрын
The journey is always better than the destination.
@Brandon-gj3vn
@Brandon-gj3vn 4 жыл бұрын
How many millions you got there, bush!?!
@rodsalvador3608
@rodsalvador3608 4 жыл бұрын
Buy a house, live humbly, invest with reasonable expectations and anyone can get there. I still own my Boxster. 986 for life! And added a 996 lol.
@OneNewHope
@OneNewHope 4 жыл бұрын
Step 1: Get a great paying job Step 2: Don't be stupid Step 3: Profit.
@AnonYMouse-ky4sg
@AnonYMouse-ky4sg 4 жыл бұрын
OneNewHope You can now skip the video.
@Zetler
@Zetler 4 жыл бұрын
Step 4: Don't get divorced.
@batwood8010
@batwood8010 4 жыл бұрын
Don't become a sugar daddy. Don't make a bunch of babies. Don't get married and then divorced. Don't lend money to "friends and family". Don't buy new cars. Don't finance furniture and stupid shit. Don't run up debt or borrow $100K for school. And the list goes on and on.
@daoyang223
@daoyang223 4 жыл бұрын
Also the issue of how well the market is doing. But I think anything in engineering and computer science is going to be rock solid even during a pandemic haha!
@jmd1378
@jmd1378 4 жыл бұрын
I became a multimillionaire in my late 30s. How? I have a high paying career, own a business that makes 6 figures/year, heavily invested in the stock market, bought rental properties and equally important, I have been saving >90% of my earnings. I don’t go on fancy vacations and post them on FB. I don’t drive an expensive car. Surprisingly my net worth has gone up since the pandemic. Real estate is booming although my business is slightly down. I am still working at my 9-5 job but I am in cruise control. I don’t stress out about anything because I know I have already won the game. Having a peace of mind is one major benefit of having money especially when you are still young.
@jmd1378
@jmd1378 4 жыл бұрын
johnny lee How do you think I make my money? I am providing service that is needed especially with my business. I also pay a boatload of taxes which is fine by me since my college education was largely paid by tax payers. We were poor once so I get it but you need to ask yourself....what are you doing? It is always the people, who cant even help others, are the ones that demand others to do more.
@360.Tapestry
@360.Tapestry 4 жыл бұрын
@@johnnylee8194 honestly... eat shit lmao you're disgusting
@50.in.07
@50.in.07 4 жыл бұрын
​@@johnnylee8194 You must be doing sooo much more to help, as a keyboard warrior in the KZbin comments.
@fairrttg989
@fairrttg989 4 жыл бұрын
Alpha post
@Uwill49
@Uwill49 4 жыл бұрын
What is your business ?
@AZrakoon
@AZrakoon 4 жыл бұрын
Charlie Munger said his 100k was really hard. He bought everything with a coupon.
@pinkcichlid
@pinkcichlid 4 жыл бұрын
I'll always use a coupon if available even I have a billion.
@BeatTheBush
@BeatTheBush 4 жыл бұрын
@@pinkcichlid I still use a coupon if it's a good one. Not those $0.50 ones though.
@AZrakoon
@AZrakoon 4 жыл бұрын
@@pinkcichlid some of those are good coupons.
@rc892
@rc892 4 жыл бұрын
My first 100k was really really hard but I can already see its easier to get the next 100k
@AZrakoon
@AZrakoon 4 жыл бұрын
@@rc892 no kidding, I'm not close to that point yet. Pretty sure in 10 years it can be done.
@thisistotallyfine
@thisistotallyfine 4 жыл бұрын
Bay area: Home prices here are ridiculously high Hong Kong: Hold my beer
@vexpressivo
@vexpressivo 4 жыл бұрын
🏅
@BeatTheBush
@BeatTheBush 4 жыл бұрын
Lol... I hear you. Per unit area, it's crazy!
@movement2contact
@movement2contact 4 жыл бұрын
But not for too long I guess... 😏
@sigmawolf2958
@sigmawolf2958 4 жыл бұрын
London - hold my champagne
@Stan_sprinkle
@Stan_sprinkle 4 жыл бұрын
No joke. When I lived in Asia, I lived in Singapore / Seoul for 10 years. Singapore is expensive but the apartments are nice. HK is on another level
@john2001plus
@john2001plus 4 жыл бұрын
I was fortunate to have a good job as a software engineer. When I got laid off at age 54, I was able to retire.
@gameplayer1980
@gameplayer1980 4 жыл бұрын
On the same track. Hoping the gravy train lasts until I reach that age.
@oleopathic
@oleopathic 4 жыл бұрын
Which state were you working in and which state did you reside in? I'm a civil engineer looking to push it to next level after getting the PE license on east coast. Dont mind moving anywhere where total compensation is superior.
@GabrielDimude
@GabrielDimude 4 жыл бұрын
Congrats!
@john2001plus
@john2001plus 4 жыл бұрын
TA Salt Lake City.
@babosing
@babosing 4 жыл бұрын
What if you live till 100, u have enough?
@FinancewithArjun
@FinancewithArjun 4 жыл бұрын
Spend less than you earn and invest the rest. Easy as that. Many millionaires are so because they don't live like millionaires.
@FistFulOfDildos
@FistFulOfDildos 4 жыл бұрын
What kind of investment
@charleswhite3759
@charleswhite3759 4 жыл бұрын
S and p 500
@dexterne
@dexterne 4 жыл бұрын
Savings rate makes a big difference. US average is just 3-5% conventional wisdom is aim for 10% some FIRE enthusiasts will push 60-80%. My personal experience is 20% is pretty easy to get used to, more than 40% gets unnecessarily uncomfortable.
@xz9855
@xz9855 4 жыл бұрын
Invest in TSLA, you will be rich without saving :)
@dexterne
@dexterne 4 жыл бұрын
@@levyroth nice, good luck!
@veetour
@veetour 4 жыл бұрын
You are rich when you are happy with what you have and don’t desire more.
@3sat_arte_zdf
@3sat_arte_zdf 4 жыл бұрын
@@mohammadnajafi7791 you can transform material desires when they are meet to another one, transcendental one, and self actualize, highest mgtow step
@richardleston5237
@richardleston5237 4 жыл бұрын
Mohammad Najafi No, the man with no pulse is dead.
@mohammadnajafi7791
@mohammadnajafi7791 4 жыл бұрын
@Alex Jay The men with great desire and passion never die, even if they are dead. Gandhi is still alive but you may be long dead
@mangonam343
@mangonam343 4 жыл бұрын
U need more to be rich... If you have less you're poor.... Even if you're happy
@mangonam343
@mangonam343 4 жыл бұрын
@Alex Jay so true 😂😂😂😂😂😂instead of working their ass of am making money
@rc892
@rc892 4 жыл бұрын
When I was a manger at Starbucks they matched 6% 401k, gave $3,000 in stocks every year, offered a stock buying program with 5% discount and if you were at a good store you could get 3-5k bonus per quarter. A lot of people didnt take advantage of the "free" money and I always maxed out the free money.
@rc892
@rc892 4 жыл бұрын
Thanks for the likes! I hit the 6 figures club this year after quitting my job in the middle of last year.
@canyouspellophthalmology
@canyouspellophthalmology 4 жыл бұрын
Congrats!!
@wunder1385
@wunder1385 4 жыл бұрын
I'm working on my second million now after it didn't work out with the first one
@davidsdinero
@davidsdinero 4 жыл бұрын
You'll get there
@pinkcichlid
@pinkcichlid 4 жыл бұрын
Thanks for the laughter! Best of luck! 🙂
@BeatTheBush
@BeatTheBush 4 жыл бұрын
@@davidsdinero Lol.
@brownbaggen
@brownbaggen 4 жыл бұрын
Good laugh 🤣
@eightsprites
@eightsprites 4 жыл бұрын
good one :-)
@bryan8638
@bryan8638 4 жыл бұрын
Almost halfway there! And on $23 an hour
@perpetualdividends6719
@perpetualdividends6719 4 жыл бұрын
Hell ya Bryan
@mkjgry
@mkjgry 3 жыл бұрын
Dude you will get there no problem. Just keep going the way you are
@hammer49946
@hammer49946 4 жыл бұрын
I just became completely debt free last year and I'm well on my way to becoming and thousandaire. I hope it gets easier after 100k. I'm talking liquid. Not house or 401k.
@admin-ds9nm
@admin-ds9nm 4 жыл бұрын
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
@emillano2779
@emillano2779 4 жыл бұрын
You're right sir
@Brian-wk7ij
@Brian-wk7ij 4 жыл бұрын
People are scared of investing because of the high rate of scam in the business
@marcusaurelius6612
@marcusaurelius6612 4 жыл бұрын
@@Brian-wk7ij There are scammers but real brokers are out there for investors
@admin9341
@admin9341 4 жыл бұрын
@@Brian-wk7ij You're right sir, Thanks for introducing me to Mr Adams
@robertdaniels611
@robertdaniels611 4 жыл бұрын
Mr Adams has changed my financial status for the best. All thanks to my aunty who introduced him to me
@moonlambo7597
@moonlambo7597 4 жыл бұрын
I made I first million trading Crypto
@cliffordmartins2917
@cliffordmartins2917 4 жыл бұрын
That's really nice
@cliffordmartins2917
@cliffordmartins2917 4 жыл бұрын
People are really making millions trading stocks and crypto
@MarySmith-qt8yk
@MarySmith-qt8yk 4 жыл бұрын
Trading crypto has become a lucrative way of making money
@LuisCarlos-dm8cr
@LuisCarlos-dm8cr 4 жыл бұрын
Stocks are good too
@gabrielaluicia4747
@gabrielaluicia4747 4 жыл бұрын
Stocks are good Crypto is better
@jayrollo1352
@jayrollo1352 4 жыл бұрын
Don't get married. Be a player like Francis lol.
@cwt4560
@cwt4560 4 жыл бұрын
Beat the Bush
@BeatTheBush
@BeatTheBush 4 жыл бұрын
Oh, who knows if not being married is a factor. It probably can go either way.
@googa4744
@googa4744 4 жыл бұрын
@@BeatTheBush Let's note for other readers that "probably can go either way" isn't a 50-50 coin toss.
@jayrollo1352
@jayrollo1352 4 жыл бұрын
@@BeatTheBush Very true. It's very ambiguous
@MonkeyDLucy
@MonkeyDLucy 4 жыл бұрын
marriage can accelerate process actually, because you can get a bigger mortgage. bigger mortgage = more home appreciation over time.
@chriss238
@chriss238 4 жыл бұрын
There’s something wrong with ur camera. There’s a blue color area streaking up
@DonnieBarkie
@DonnieBarkie 4 жыл бұрын
its a ghost
@psukgamer
@psukgamer 4 жыл бұрын
I see a black banding line going from down to top
@360.Tapestry
@360.Tapestry 4 жыл бұрын
subliminal message from the fifth dimension
@eldiazoni
@eldiazoni 4 жыл бұрын
I was wondering what that was....
@CalebWoon
@CalebWoon 4 жыл бұрын
Look at the yellow wall
@BellaCinco
@BellaCinco 4 жыл бұрын
Im sooo happy for you! Hard work pays off. I did the math and even though I don't earn anywhere 100,000 yet if I save my minimum roth ira every year at 7% saving ill reach that too when 65yr. That just blew my mind. Not to mentioned I'm about to start a path where hard work can lead to 300,000 a year. That's all to say your videos keep me on track with my goals. Nice little reminder to stay with it and its possible with hard work.
@Xiferr
@Xiferr 2 жыл бұрын
what line of work?
@JH-D4075
@JH-D4075 4 жыл бұрын
Let’s be honest, your trying to flex on us because we made fun of you FOMOing 🤪
@revoltoff
@revoltoff 4 жыл бұрын
So fucking what, let the man live... I mean, He is not even a millionaire, for that you need 1M liquid cash IMO but does that fucking matter ? NO ! He is still richer than most of yall!!
@travelwithme2111
@travelwithme2111 4 жыл бұрын
If he is, that’s what haters get
@travelwithme2111
@travelwithme2111 4 жыл бұрын
It says first million. Rich people don’t tell how much they have. Poor people pretend they have more than they do
@travelwithme2111
@travelwithme2111 4 жыл бұрын
Alex Jay still working on it. I’ll let you know when I get there
@Racing2Learn
@Racing2Learn 4 жыл бұрын
Investing in yourself (continuing education, being the best you can be in your career), investing (taking advantage of compounding, leveraging real estate mortgages), and being wise with your money (living below your means, saving instead of spending). Love your channel, keep it up! From a fellow Bay Area engineer.
@dng625
@dng625 4 жыл бұрын
I made my first million by age of 24 as a real estate agent :)
@simplebogle6106
@simplebogle6106 4 жыл бұрын
It’s sad that a lot of “Millionaire” folks on KZbin talk smack about going to college. But getting a STEM degree+ Frugality+ Conservative Investments will get you there in no time!
@BeatTheBush
@BeatTheBush 4 жыл бұрын
The odds of achieving it is almost certain if you actually like doing it. Both ways are valid I think.
@Ryhamz
@Ryhamz 4 жыл бұрын
Maybe that's based on some insecurity that bullies in their history exploited. When you go off the prescribed path and get rich, you're going to feel validated. Maybe so much that you feel a need to invalidate other paths that you haven't looked at. Then you have the cult of personality types, where the real bulk of their wealth after 1 million was in selling advice to impressionable people looking for alternative paths.
@ariefraiser140
@ariefraiser140 4 жыл бұрын
@@BeatTheBush I think getting the degree is a much more certain way of achieving millionaire status on average. I work in IT and the amount of people I've worked with that don't actually know what they're doing and are going through the motion is surprising. Yet every year those people still get the same profit sharing as everyone in my current company that's averages about 25% of your salary. The company forces you to put the 1st 10% in your 401k. As an entrepreneur however you can't just fake it and be successful. Yes. Some entrepreneurs luck their way to an easy million before the market catches on that what they're offering is crap but for the vast majority of people they have to put in considerable work.
@johnnylee8194
@johnnylee8194 4 жыл бұрын
@@BeatTheBush not if you care for immediate and or extended family
@johnnylee8194
@johnnylee8194 4 жыл бұрын
dunno about "...no time" but in 30 years probably. but remember last 12 years has been bubble in stocks and realestate
@btruong9055
@btruong9055 4 жыл бұрын
As a young person, I'm so grateful that you share this information! Learned how to invest two years ago and so happy that I did. It's an invaluable skill 🥺🥺
@bobbda
@bobbda 4 жыл бұрын
500K from job, 380K from property appreciation. So basically what you are saying is that you have to be LUCKY to be a millionaire ----- because only the LUCKY few can get crazy salary hikes like that ----- and only the LUCKY few can live in a location and house where the property value goes up so much.
@weerapathnguanboonmak4943
@weerapathnguanboonmak4943 4 жыл бұрын
bobbda library is fill with gold and free go and get some for yourself mate ,respect 👍🏻.
@cletusk1107
@cletusk1107 4 жыл бұрын
@@weerapathnguanboonmak4943 What is this gold you are talking about? He is talking about salary rise and property value rise which forms the bulk of his million. Only the lucky few can get that salary rise and property value rise.
@Spedfree
@Spedfree 4 жыл бұрын
He worked an engineering job for like 10 years. There are people that save 500k in less than ten years making 70k a year.
@benzpinto
@benzpinto 4 жыл бұрын
he does work very hard for it but ultimately, luck does play a huge role in our lives. and that, makes life unfair.
@soniagale9890
@soniagale9890 4 жыл бұрын
@@Spedfree Such people will obviously have food and shelter already taken care of ......... because no way can someone save 500k on a 70k salary in < 10 yrs if they had to pay for shelter accommodation food utilities etc...
@abhijitharakali
@abhijitharakali 4 жыл бұрын
I guessed it right away. Among people who are worth north of million that I know of, one of them bought an apartment in stinkin Santa Clara for less than 200K. It is now worth more than 1.5 million. You can guess as to what it would be, if someone had bought it in Evergreen area of San Jose. They were literally selling at around 500K at one point in time. They are all easily over 2 million today. Now once you have a home, you save on rent even though you do pay interest if you have taken a mortgage. I'd say that the ones who are really lucky are the apartment/home owners who bought homes when they were very cheap, like right after the 2008 crash, and are now reaping the benefits of having made a smart investment of buying a home at that time. Not only did they pay off the mortgage soon as the homes were relatively cheaper, but they also saved a bunch because they did not have to pay rent. So almost all of their salary went directly to their savings! Those days are gone BTW. There is no way that the old strategy of buy a home and save on rent, will work anymore.
@earlsweat9727
@earlsweat9727 4 жыл бұрын
Bush’s car before his Tesla is my midlife crisis car. He used to drive a porsche 😂😭
@jdthompson5778
@jdthompson5778 4 жыл бұрын
I’m a FIRE millionaire. Just worked hard, saved a lot of money while I was working. Paid off my house quickly. My advice would be to never carry debt other than a mortgage you plan to pay off prior to retiring. Don’t buy new vehicles on credit frequently. I always keep vehicles 10-15 years. Every time you move or upgrade homes it is also a lot of money lost. Find a house you will want to live in long term and not more house than you actually need to be comfortable, put 20% plus down, and pay off the rest asap! Lastly...unless you are planning to sell your house and move to another lower cost area you should NOT even count a house and its fluctuations as part of your net worth! If you plan to live there indefinitely (and you have to live somewhere!) it doesn’t matter the current value. Also NEVER count personal items like a car and appliances etc. as part of net worth! Never heard of anyone doing that! It gives a false sense. I like to count only liquid net worth as net worth for retirement income purposes.
@eightsprites
@eightsprites 4 жыл бұрын
Thanks for sharing. I’m on the fire path myself. Really solid advice you got. I do count my house into NW, but I do not consider myself FI until I reach my target in liquid investments. My car is 16 years old, and can become older. I do not drive much.
@jdthompson5778
@jdthompson5778 4 жыл бұрын
Yo Do Sounds like you are doing a good job!
@jambohomeventures
@jambohomeventures 4 жыл бұрын
Thanks for sharing! It feels like a nightmare for me. I am stuck at 700k and I can’t move at the speed is like but I know I’ll make it.
@Hansenwork
@Hansenwork 4 жыл бұрын
The feels!
@jambohomeventures
@jambohomeventures 4 жыл бұрын
Hansen Hanggodo yeah
@Hansenwork
@Hansenwork 4 жыл бұрын
Benson Gitau: Personal Finance Channel I have also been stuck at around 700k. The real estate market has been cooling off for a while now and I don’t see any appreciation in the near future. My only chance to hit 1 million is from equity investment, but it’s a fine balance between capital appreciation and yoloing on a stock at this point. I just keep dreaming of hitting 1 million and then 1.5-2 before I can actually FIRE. Can’t seems to get any passive income stream working for me. I think the only way is to invest in a rental property or start a business, but as you can see both are the worst thing you can do right now during covid.
@BeatTheBush
@BeatTheBush 4 жыл бұрын
@@jambohomeventures Just keep on looking at your Net Worth spreadsheet. Maybe you need a new injection of new forms of income? @Hansen Hangodo, Yeah I hear you. Real estate has been a drag on net worth lately if you add that as part of it.
@jdthompson5778
@jdthompson5778 4 жыл бұрын
I still think it’s a mistake to count the equity in the house you live in for FIRE net worth. You just need to fully OWN where you live when you retire whether it’s 100k or 2M. You must have other income streams either from your portfolio of investments and/or a pension and/or real estate or whatever. The more streams the better, and at least one guaranteed steam for essential expenses, in case one or more dry up. FIRE lasts longer than a typical retirement and takes much more planning and assets to do well.
@_Wai_Wai_
@_Wai_Wai_ 4 жыл бұрын
If my ex wife did not take a chunk away, I'd have 1/2 a million right now.
@FIRED13
@FIRED13 3 жыл бұрын
That's called a bad investment, just like putting money in a bad stock or property, happens to everyone
@shady12333
@shady12333 4 жыл бұрын
I save $2800 per month. Enough to buy almost 3 iphones .... EVERY MONTH. Yet, I never owned an ipone, I make good money on my 6th job in the past 5 years, getting more money everytime I quit. Many people don't make 2800 per month... I save that amount. I'm noy even frugal... people were surprised when I bought a home at age 25, and when they see me traveling the world... u just have to be smart instead of worjing hard. I sit at work and work 2 hours a day. Sometimes I go 2 weeks just sitting there. Others work hard, I use my time at work to invest, read, learn.
@jgtdragon
@jgtdragon 4 жыл бұрын
Why work hard if you can work smart, right?
@up5851
@up5851 4 жыл бұрын
Wow, whole time, I didn't know you are a millionaire. I thought you just make KZbin videos. Haha. I have hard time to save 1k, so, i respect you. Good job.
@AK-qo6tx
@AK-qo6tx 4 жыл бұрын
Millionaires are a dime a dozen...not really that special.. A million dollars is like middle class. You just have to be frugal and save most of your income and put money into real estate, stocks and some CDs before they crashed the interest rates.
@MichaelOrtega
@MichaelOrtega 4 жыл бұрын
Anyone else smiles When beat the bush uploads? 😄
@davidliang913
@davidliang913 4 жыл бұрын
Seriously, building wealth isn't rocket science. All it takes is some discipline in saving & investing. It won't happen overnight, but it will happen. Awesome story my guy!
@PedroTalarico
@PedroTalarico 4 жыл бұрын
Thank you SO much for sharing this with us. Owning real estate changed my life and I believe that it can change anyone's, as long as they make it a priority. Can't wait for the next video!!
@kimylawson
@kimylawson 4 жыл бұрын
I am close to being a liquid millionaire. I don't want to count my houses and cars only the assets I can push a button and access immediately. Almost there :-)
@JulioLopez-xz5kx
@JulioLopez-xz5kx 4 жыл бұрын
Liquid is best.
@rc892
@rc892 4 жыл бұрын
It drives me crazy when people say they are debt free and have a house and car payment
@TheChangNetwork
@TheChangNetwork 4 жыл бұрын
A liquid millionaire is the best.
@xz9855
@xz9855 4 жыл бұрын
Don’t count cash though, or anything in your bank.
@Bran08Eman
@Bran08Eman 4 жыл бұрын
1st 10 years out of college worked as a Telecom Field Engineer. Away 80% of the year over seas travel, all expenses paid + premiums. Worked like a dog, missed my own bed. This put me well on my way to not worrying about money. Nowadays I take on odd jobs keeping expenses under control. I seek a hobby for life, likely in the social realm. I plan to travel for leisure with money optimally spent. No promises, just adventure.
@larryjones9773
@larryjones9773 4 жыл бұрын
Tip: I did a cashout mortgage refinance in 2019, at a loan rate of 3.75%. I paid off 0% interest rate credit cards, with 1/4 of the cash, and I'm using 3/4 to pay my living expenses for the next 3 years. This also allows me to do 401K to Roth rollovers, at a low tax rate. You all can do better than I, as mortgage rates are now lower. I'm a 59 year old, retired millionaire. Don't miss out on capitalizing on today's low interest & tax rates. They won't last forever.
@davidsdinero
@davidsdinero 4 жыл бұрын
Your first milion is always your hardest, it gets easier from there. The more money you have, the easier it is to make more money.
@MichaelOrtega
@MichaelOrtega 4 жыл бұрын
Just like with everything else your first year at learning something is the hardest it gets easier after that
@achillesarmstrong9639
@achillesarmstrong9639 4 жыл бұрын
the first one million is the easiest for me. my parents just gave me one million when I started my uni life.
@davidsdinero
@davidsdinero 4 жыл бұрын
@@achillesarmstrong9639 How long did it take you to make your 2nd million?
@linkingwithnaz1295
@linkingwithnaz1295 4 жыл бұрын
S&P 500 is about to hit $3,300. Are you going to admit you were wrong like you said you would in your earlier video?
@shady12333
@shady12333 4 жыл бұрын
Right on point. Never sit on a job. I switched jobs 5 times in the past five years, and everytime I got 10-25% more money. I make more than the median household income in the usa, and it is very easy to become a millionare if u are able to negociate a good salary instead of sitting on the samr job. That and having a good woman who works :)
@richardgoma7768
@richardgoma7768 4 жыл бұрын
With all that money printing soon everyone will be a millionaire.
@RelearnMath
@RelearnMath 4 жыл бұрын
At what age did you hit 1 million? I’m also an Electronics Engineer and was working in the Bay Area...and you’re right when I started to get more into the industry I realized that making a million was very possible.
@Cyber_Samurai
@Cyber_Samurai 4 жыл бұрын
Do you have one million of liquid cash in the bank? If not, then you're not a millionaire. If every home owner, included their homes, in their overall net worth, then all home owners in the Bay Area is a millionaire, the millionaire status will be meaningless; like with college degrees, everyone has a college degree, the market is flooded with bachelors and master degrees, so much so, they've become meaningless.
@motorbikeray
@motorbikeray 3 жыл бұрын
You wrote, "Do you have one million of liquid cash in the bank? If not, then you're not a millionaire. If every home owner, included their homes, in their overall net worth, then all home owners in the Bay Area is a millionaire, the millionaire status will be meaningless; like with college degrees, everyone has a college degree, the market is flooded with bachelors and master degrees, so much so, they've become meaningless." My thoughts too.
@victorthai250
@victorthai250 4 жыл бұрын
your video is experiencing banding/flickering
@PierceJPeterson
@PierceJPeterson 4 жыл бұрын
Real estate is such a great way to build wealth over time. Thanks for sharing!
@theChef1337
@theChef1337 4 жыл бұрын
Glad this video wasn’t click bait. I was always speculating, although at times I thought maybe you were sub 1 mil and practicing uber LEANFIRE. Either way, congrats on your success. Hoping to have similar successes. Best wishes BTB, and don’t forget. Life is short, enjoy it
@BeatTheBush
@BeatTheBush 4 жыл бұрын
I think it's pretty easy to guess if you watch enough of my videos. It sort of slowly leaked out from when I said I paid off my house. I do try to be less of a tight wad these days. It's a problem I am trying to resolve.
@johnnylee8194
@johnnylee8194 4 жыл бұрын
@@BeatTheBush easier to be less frugal than the opposite
@360.Tapestry
@360.Tapestry 4 жыл бұрын
i graduated winter 2018. finally got a job that makes decent money. i save about 3/4 of my paycheck. i intentionally avoided the expensive side of town and prepare 98% of my meals. a little over a month ago, i maxed out my roth ira for 2019 and 2020 at $12k. it's sitting at $22k right this very moment. if only i had started just before the market crashed...
@champy9599
@champy9599 4 жыл бұрын
The Bush flexing its branches :)
@carableu
@carableu 4 жыл бұрын
Congratulations on your accomplishments! You deserve it! 🍾🍾🍾
@wanderingdoc5075
@wanderingdoc5075 4 жыл бұрын
Yes. I made $90K as a medical resident in the military. Didn't budget, spent $3000 per month on food/dating. Bought my first property in Hawaii. Bought two more rentals. Then.. boom! Millionaire. I was 31. That feels old!
@xz9855
@xz9855 4 жыл бұрын
Bought a Tesla, then realize it does not make you happy. Made money in TSLA stock, then realize it does not make you happy. What’s next?
@larryjones9773
@larryjones9773 4 жыл бұрын
He calls us names (trolls).
@SkylerF
@SkylerF 4 жыл бұрын
My first $100 was the hardest, took me 15 years. FIrst $1000 only took 2 years after First $10,000 took another 2 And now at $100,000, another 3 years.
@ajayb4212
@ajayb4212 4 жыл бұрын
This is only paper value not realized millionaire?
@perpetualdividends6719
@perpetualdividends6719 4 жыл бұрын
As soon as your millions turn to cash, you just have to find another place for them to apprecaite with inflation & generate income.
@ajayb4212
@ajayb4212 4 жыл бұрын
Money Games fair point...
@oleopathic
@oleopathic 4 жыл бұрын
Hey BTB, could you make a video on how you distribute your net worth? What proportions do you use for REI, stocks, metals, IRS, HSA, 401k, etc. And why...also, please recommend a dependable financial advisor or how to find one. Thanks!
@omfgSHORYUKEN
@omfgSHORYUKEN 4 жыл бұрын
If I had your kind of money I wouldn't even care about the stock market or making more money, I'd just go enjoy life
@motive7475
@motive7475 4 жыл бұрын
You still have to worry. At his age his assets would run out.
@pinkcichlid
@pinkcichlid 4 жыл бұрын
One mil is actually not that much.
@cwt4560
@cwt4560 4 жыл бұрын
@@pinkcichlid Do you have it?
@pinkcichlid
@pinkcichlid 4 жыл бұрын
@@cwt4560 Yes a few times that and I'm still frugal af.
@omfgSHORYUKEN
@omfgSHORYUKEN 4 жыл бұрын
depends where you live though.. I know some places in the US are stupidly expensive but where I live in the UK I could retire at his age on £1m. Or if I invested it and withdraw just 2% or 3% every year I'd be living very comfortable here, or live off a blue chip dividend portfolio. If I was a multi millionaire like he is then I'd be laughing, like that's more money than I'd know what to do with. Even in london I'd be getting by easily
@sanshirokun
@sanshirokun 4 жыл бұрын
Every 3 or 2 years change job negociate a 15% or 20% increase salary. Keep living same lifestyle as with previous salary and put all the extra income into your mortgage once you are mortgage free. The highway to millionaire open to you.
@emmaphilo4049
@emmaphilo4049 4 жыл бұрын
I like how honest you are👍 I have a lot of respect for how well you managed you finances.
@Trakusenpai
@Trakusenpai 4 жыл бұрын
Thanks for uploading, I was curious about this.
@Spacemonkeymojo
@Spacemonkeymojo 4 жыл бұрын
What kind of engineer were you? Also there's some weird scan line moving up your screen in this video.
@studentuser101
@studentuser101 4 жыл бұрын
He was an electrical engineer
@Spacemonkeymojo
@Spacemonkeymojo 4 жыл бұрын
Waterkun Domo arigato senpai 🙏🏻
@jmd3236
@jmd3236 3 жыл бұрын
Interesting...but what about happiness, quality of life, no headaches..friends...etc...zero..all about sitting over that spreadsheet lol
@KevinRynd
@KevinRynd 4 жыл бұрын
I wish I was smart like you. But I'm dumb like me...
@ninavorobeva4927
@ninavorobeva4927 4 жыл бұрын
😂😘
@randomguy8807
@randomguy8807 4 жыл бұрын
i think the only thing that matters is your liquid net worth
@jgtdragon
@jgtdragon 4 жыл бұрын
Totally agreed! If you have more than 1 million in liquid worth then you are a true millionaire.
@jasonreviews
@jasonreviews 4 жыл бұрын
buy house in norcal before big tech moves in. Wait for big tech builds HQ there. There million dollar home.
@allensvideo4108
@allensvideo4108 4 жыл бұрын
In 2010..I set a goal 5 mn by age 50. When I hit 5 mn at age 51...I stopped tracking my networth; no need to count the nickel and dimes. My networth/ age: 1 mn/ 42 2 mn/ 43 3 mn/ 45 4 mn/ 49 5 mn/ 51 Trajectory suggests that 6 mn/ 55?
@olivert.7177
@olivert.7177 4 жыл бұрын
For the Intro you should have rent a Lamborghini. 🤑
@shannonreilly906
@shannonreilly906 4 жыл бұрын
Thank you for being vulnerable and sharing your story! The way you made millions reminds me of Robert Kiyosaki's story in Rich Dad Poor Dad. Personally, millions can be made on the Outlet Finance app earning 6% APY... that simple.
@Radhatter1
@Radhatter1 4 жыл бұрын
I live in Hong Kong HK and was fortunate to be able to get on the property ladder in 2009. I now own 3 properties in UK, Singapore and HK. At age 40 I was cleaned out by a marriage break up, I have 4 kids, 2 are adults - the others are still in their early teens. I own no stock. So the past 20 years I’ve amassed my 4 million US$ based on real estate investment. The HK property doubled in value in 10 years !
@SiriusV21
@SiriusV21 3 жыл бұрын
Always thinking abt Rental Property but don’t know much about it… anyone can share your experiences? Is it worth it to invest in a house (
@eworld5661
@eworld5661 4 жыл бұрын
Net worth calculate should not included primary residence. Just saying. Still, good for you for made it to the million mark.
@sbkarajan
@sbkarajan 3 жыл бұрын
Today's millionaires drive a 20 year old Honda, mow lawn themselves, buy food with coupons, and have about $500 cash in their bank account.
@rothschildianum
@rothschildianum 4 жыл бұрын
Getting high salary is not easy, getting lucky from home appreciation can happen only in CA or other very few places in the US. The only easy way is to stop buying unnecessary things. We have full control from not buying fancy cars, fancy television, not eating out a lot, not watching movies!
@akin242002
@akin242002 4 жыл бұрын
Ugh...I hate to be the delivery guy for bad news, but Tesla beat earnings and is back to high $1,600 to early $1,700 range in the after market.
@icesummer1725
@icesummer1725 4 жыл бұрын
so you save money wit hyour high salary and bought a house which have good appreciation and you reach your million. Probably oy have a good control of course of your expenses. Anyway, what you are telling is very real and true unlike other vids which are purposely selling their strategy or something. i more like you as or now just savings on my salary and trading/investing.
@sambow7005
@sambow7005 4 жыл бұрын
If retire is to stop all professional activity and to sit or play golf. I will never retire. I do agree that there’s an amount of money that have to be accumulated for security needs and compounding power... but no more than that.
@zzzowie
@zzzowie 4 жыл бұрын
If you want to keep living in the same area, the value of the house isn't of that much importance. You can only really benefit from selling if you move to a cheaper place. Do you agree? And how come your stuffed things are no longer at your side - change of style reflecting a new you?
@ClassicalLiberalWarrior
@ClassicalLiberalWarrior 4 жыл бұрын
Great video! Very frank and honest!
@burnedsoma
@burnedsoma 3 жыл бұрын
after my first mil i realised money is overrated. 3 years later i’m at 5m+ and statement still holds true. money does not convert into happiness. same days, same worries and troubles. engineering + investements.
@Soljarag5
@Soljarag5 4 жыл бұрын
Am I trippin? Or do you have some kind of light thing going on your back wall?
@ninavorobeva4927
@ninavorobeva4927 4 жыл бұрын
Yes, something with his camera
@luisfontiveros7775
@luisfontiveros7775 4 жыл бұрын
Getting to my first 100k in less than 5 years in America knowing nothing, literally from cero, if I can do it every American should too. Thank you BTB for showing me a path!
@rowandexter8935
@rowandexter8935 4 жыл бұрын
Making my first million was quite easy the first 100k was the harder part, Investing is quite a good way for creating more wealth
@CG-uk1vz
@CG-uk1vz 4 жыл бұрын
Watched you for three years but have never commented. You are the first person I've seen become a millionaire by simply grinding, playing it safe, and living below your means. Truly inspiring. I do have one question though. If you decided to get rid of the boxter, what would be the car that you would splurge on?
@SirenaSpades
@SirenaSpades 2 жыл бұрын
He'd already done that when you made the comment. He got a Tesla.
@nolisto1
@nolisto1 4 жыл бұрын
You should've continued to work until you got to 3 or 4 million. You're too young to be semi-retired
@Levord1980
@Levord1980 4 жыл бұрын
Wealth building begins at 150k which is why it got easier for you after those numbers were hit.
@owltaktiks9712
@owltaktiks9712 4 жыл бұрын
Thanks for being transparent and sharing your processes! I'm hustling as an engineer as well and attempting to location arbitrage with a US salary. Let's see how this one plays out!
@Education-Edge
@Education-Edge 4 жыл бұрын
Used to live in the Bay Area but too expensive to own properties 🤦🏽‍♂️🤦🏽‍♂️
@eplugplay8409
@eplugplay8409 4 жыл бұрын
I feel like this video is to make himself feel better for selling his stocks and missing out on TSLA's next leg up. Lol.
@jasonclark1338
@jasonclark1338 4 жыл бұрын
Made over 1 mil in 6 months this year in the stock market. Just btfd and sell high.
@HumbleTrader001
@HumbleTrader001 4 жыл бұрын
If I’m reading that chart correctly, you net worth is at least 7 million. Is that correct?
@MonkeyDLucy
@MonkeyDLucy 4 жыл бұрын
wonder how much 327k subscribers is worth? cashflow > networth right?
@CalebWoon
@CalebWoon 4 жыл бұрын
Wao 10million in Net Worth! Keep it going man
@MochaZilla
@MochaZilla 4 жыл бұрын
It makes sense that the first 100k is the hardest. Compounding ROI grows exponentially the more money you have. A 10% return on $10,000 is $1,000. But on $100,000 that same return is $10,000. And $1,000,000 is $100,000. The more cash you have to invest, the more quickly that cash will grow. More cash more growth.
@MsCorydorus
@MsCorydorus 4 жыл бұрын
Your table is 7M but your tube is 1M. How much you really have to semi-retire ?
@FIRED13
@FIRED13 3 жыл бұрын
Now you need to watch your back, some nut case will want to kidnap you 😫
@John_Doe742
@John_Doe742 4 жыл бұрын
Didnt you show that you had 12 million in assets in a video at one point?
@krillansavillan
@krillansavillan 4 жыл бұрын
It's always *not to scale*
@jdthompson5778
@jdthompson5778 4 жыл бұрын
If he had 12M he wouldn’t have a youtube channel about living frugally! Lol he doesn’t even have a million liquid!
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