How To create your own Personal Pension Plan

[@tankercrewchief]

We love you, D money!

[@Tahania1]

I click on the video and I look at all the numbers and I’m like 👀👀👀👀. But let me calm down and listen to the man 😂😀

[@DenzelNapoleonRodriguez]

Let me know your thoughts

[@susanetchu5888]

Great content, Denzel!

[@loltoday4668]

How do you know how much to chunk. If we use the LOC if 15k why is chunk only $9, 900 1st year?

[@POPJack1717]

I'd use the 300K to put a down payment on a $1MIL commercial apartment of 10-20+ units. That will be a better use of that money than a single family home. I'd live in one of the apartments until I paid off 30% of that mortgage and pulled another 300K HELOC and rinse and repeat about 4-6:times then go for a 50-100+ unit and it's all down hill from there. You'd be a millionaire in about 15+ years. Single family homes are the worst investment one could make.

[@DenzelNapoleonRodriguez]

great ideas

[@user-vm6mw6du8m]

What about upkeep and maintenance? Tenants that don’t pay or destroy your properties? Government taxes ever increasing….

[@carlosmorales911]

Best video on KZbin....

[@vontoyam]

Amazing!!! This message is for me!

[@loltoday4668]

You said $9900 every 6 most but show $9900 1st year?

[@mauriceellis4511]

Year 15yrs you probably can sell all property and go commercial 10to 20 unit apartment

[@DenzelNapoleonRodriguez]

Maurice Ellis so many possibilities you know once you start building momentum

[@sherielovell]

This is what I want to do....can't wait 😊😊

[@cathleensmith4717]

Everyone is soooo quick to belittle America and Americans but they all want what we have as they look down their noses at us. Just wow.

[@DenzelNapoleonRodriguez]

Hello can you elaborate more

[@romariosmith422]

You the man Dezel!

[@globalgoddess6482]

This need to be my personal vision board! 👩🏾‍🏫

[@3bzgbp7]

Great video.

[@healthb4wealth737]

Applied knowledge is power. This is an awesome video. Your own pension plan can't beat this. #OWNPENSIONPLAN....WHOA!!!

[@terryndutamungai7173]

Denzel, you're awesome. Thanks for especially thinking more about empowering mom's. Again, you ain't ashamed of your faith.... Blessings

[@JoeIuculano]

I don’t understand your math in the chunking pay down. You have $1200 of cashflow, make a $9900 chunk payment and pay it off in 6 months? 6 x 1200 cashflow equals $7200, not including interest on the heloc??? Also, after the first year you say they get a $200 a month increase equally $2400 a year but you increase their 6 month chunk $2400. Can you explain??

[@DenzelNapoleonRodriguez]

Joe Iuculano yeah just do the math again but this time do it putting 5k per month on the line of credit

[@DenzelNapoleonRodriguez]

Joe Iuculano also the chunk takes care of the mortgage payment of whatever month I’m in when I Chunk

[@JoeIuculano]

Denzel Napoleon Rodriguez , the 5k that goes in had the expenses coming out. Which o my leaves $1200 in.

[@JoeIuculano]

Denzel Napoleon Rodriguez, ok that makes a little sense of the mortgage payment being taken away because of the chunk payment. Thank you for getting back to me so quickly

[@DenzelNapoleonRodriguez]

Joe Iuculano I know but the expenses doesn’t come out all at once what ends up happening is even tho I don’t technically bring the line of credit to zero I still have the ability to make my next chunk and if I gradually increase my line of credit throughout the years I’ll continue to have that space. Also the interest ends up being nothing because of the amount of interest I’m saving on the mortgage so my borrowing costs goes to zero

[@peterserbousek574]

This is Grade A content my friend.

[@troyturner9551]

I have been watching your videos for about two months now and must say, I like how in-depth you go with this system when compared to others I find while surfing KZbin. Nonetheless, I have thought about the possible implications of substituting annuities for the real estate portion. So lets say someone who is doing this system invest's $10,000 in a Single Premium Income Annuity (SPIA) for say a payoff of 5-10 years or perhaps a lifetime. This would increase both income and cash flow while keeping liability at zero. So this person would stack or you could say ladder SPIA's for both income and cash flow. Remember an annuity may be protected with the state you are in. For example in my state I believe the monthly income from an annuity is protected from most if not all creditors up to about $2200 to $2500 per month. Another interesting point to make here is annuities are also considered an asset. Therefore could help to increase a credit line, maybe. Have you looked into this? Thought of this? Dollar for dollar on return which is better a SPIA or real estate?

[@DenzelNapoleonRodriguez]

I'm currently looking and learning about annuities. The value and purpose of them as well. In the future once I learn more I will speak on it. A lot of people do have annuities out there

[@loltoday4668]

You lost me. How did you get 9k for 6 most from 1200 cashflow per mo?

[@matthewthomas5441]

I'm hearing you

[@LYNCThaLYRICIST]

All he need is some MR ROGERS MUSIC... Maybe a few puppets! Lol great info tho!

[@treebarkinnature5298]

Great video!~ . how do I figure out the chunk number that I can borrow from 10k L.O.C . thanks!~

[@DenzelNapoleonRodriguez]

watch both of these videos kzbin.info/www/bejne/aHabfnudhMesqbM kzbin.info/www/bejne/rJO0fa1uZZ2mf80

[@whitnessjfw1807]

Salute

[@waifungilism2004]

Hey Denzel - loving this information. At what point would you recommend this client to acquire a WL policy to use it as a debt weapon. Or do you recommend sticking with the PLOC?

[@beautybella]

Hello Denzel Would you Recommend funding a secured personal line of credit to get started. or should we wait for the Credit to go up.

[@DenzelNapoleonRodriguez]

totally that's what I did and I have some of my clients and friends doing the same thing getting a secured line of credit

[@beautybella]

@@DenzelNapoleonRodriguez do you have a video on the best secured cards to get or secured lines of credit for people who have no credit and no open cards, no savings, that wants to open a secure card and increase, what way do you best recommend. Do you recommend just saving and then eventually get a line. Thank you for answering the first question, hope i picked your mind.

[@AgentReeves]

You have great videos, I subscribe, watch them and have learned plenty. The one consistant criticism is the assumption of an income increase. It would be better to not assume the increase and if there is an increase then good.

[@DenzelNapoleonRodriguez]

If you can't get me a 1$ raise at your job something is wrong would you agree? I pretty much factored the increase over 7 years. Pay close attention to that increase I only did it for 2 or 3 years the other 4 stay consistent. Work with me here the scenario overall is super conservative.

[@AgentReeves]

@@DenzelNapoleonRodriguez you do an amazing job, and clearly know more than me about finance. I wont hold firm I just think that it's better to assume low and they get the increase rather than to assume high and someone doesn't get that increase. Small potatoes though bro. Thank you for what you do, in a major way. If you could, one day could you make a video for small business owners who dont have the consistancy of a regular salary or hourly wage. Often I have no idea what I will make until after the year is closing out. Sometimes my yearly actually decreases.

[@DenzelNapoleonRodriguez]

Stay tuned I'm working with a business owner in Cali so you will really like that example I'll be sure to respond to this comment when it comes out

[@donaldlyons17]

I agree income increases should never be assumed. However cost do rise so it is interesting to see.

[@PeteSReynaIII]

So if this person invests 60% and Saves 40%, how do they live? Are you assuming they maintain their job with the income of 5k?

[@DenzelNapoleonRodriguez]

Pete S. Reyna III you missed it you need to watch again. The numbers are ranges and you must understand that the money I’m investing and saving in is not money that sits and does nothing its income producing assets cashflow money I see each and every month. I want to shift your thinking on how you save and invest. I can both save, invest, spend, and live does that make sense

[@PeteSReynaIII]

@@DenzelNapoleonRodriguez so how did you generate the value of 9900k as the first chunk?

[@DenzelNapoleonRodriguez]

66% of the Line of credit

[@cerease1981]

@@PeteSReynaIII I was just going to ask the exact question about how to determine value of first chunk. Great minds think alike!!

[@cerease1981]

@@DenzelNapoleonRodriguez Would it negatively affect me if I chose to chunk $10k of my $12k personal line of credit? (Perhaps it would help if I also said I have a cc with a $17k line of credit that I never use, maybe that balances it out?)

[@thebestclassicalmusic]

Highly recommend Goldmoney -- check it out! :D