How to Live on a Million Dollars Forever

Make your Money last forever. If you invest it properly, passively, you never need to touch the principal, only touch the growth. In fact, it's a rule that you can never touch the principal. This is the cornerstone of financial independence and retiring early (FIRE). If you withdraw approximately 4% per year from your portfolio ($40,000 per year inflation adjusted on a Million dollar portfolio) you will NEVER need to deplete the principal. In fact, in 99.9% of cases your principal will grow with inflation. So, in year 2 you'll have your $40,000 withdrawal and $1,020,000 balance and it'll grow over time with inflation. The trinity study confirmed this fact and it is known as the 4% safe withdrawal rate (SWR) or the 4% rule for short.
Secret to Retiring Early: The 4% Rule 🔥:
• Secret to Retiring Ear...
~-~~-~~~-~~-~
Please watch: "STOP Overpaying for Real Estate: Invest in Market Inefficiencies"
• How to Buy Real Estate...
~-~~-~~~-~~-~

[@FernandoBowen-78]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@GabrielAnthony-09]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@SinikadzaiChewte]

@@GabrielAnthony-09 That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@leoma-l7r]

@@SinikadzaiChewte Mind if I ask you to recommend this particular coach you using their service?

[@SinikadzaiChewte]

@@leoma-l7r VICTORIA CARMEN SANTAELLA Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@dmtrssngltn]

This is exactly what I wanted to hear I’m not about the big house and expensive car I would like to live the same life I’m living now without working every day

[@TheNuclearBolton]

I’m thinking about buying land that has potential for development.

[@momsspaghetti4504]

@@TheNuclearBolton both of these🥰

[@TheNuclearBolton]

@@momsspaghetti4504 yeah, getting 8% APY on $7,100,000 and using 5% for real estate while living on what I earn at my 9-5

[@MsSonya6]

Me too ❤

[@mlambert1974]

"Free time is more important than stuff." I love it. I couldn't agree more.

[@mrmoore2485]

Great video!!I made my first million after I met a popular stock broker in the U.S who accepted to trade for me after I lost almost a fortune in liquid asset trying to trade my self. Its passive and consistent, so basically, I plan on living on it forever! Funny thing is that it wasn't even close to a miIIion!

[@planetsaver]

Now you have my attention sir How did you do this? Who's the knight in shinning armour? I am slowly giving up on everything

[@mrmoore9481]

@@planetsaver Bold of you to assume I am a man because of my display picture. Anyway, It takes quite some level of patience and "Nancy Lynn Lewis" is the "knight", she was in the news alot in 2018. You can look-her up online to get more info.

[@lelaoliver521]

@@mrmoore9481 This right here is the second time I am coming across this name in a week. Came across her podcast and it was lit

[@18nomah]

I just retired at age 45! I shoulda retired 15 years ago!

[@MikeRosehart]

Better now than later :)

[@XRPeakyBlindAR]

How’s this working at a real inflation rate of about 25 percent

[@MikeRosehart]

So far so good. Turned 1 mil into 10+ 😝 Inflation Carries your assets to insane levels. Leverage ensures inflation never outpaces your assets.

[@XRPeakyBlindAR]

@@MikeRosehart when is it going to break. Leveraging the leverage that is leveraged leveraging the leverage … oh my lol

[@bonanzatime]

You're full of Crap​@MikeRosehart

[@rdebksrblnds]

Really smart guy, its clear, but seared steaks and lamborghini's are part of life.

[@MikeRosehart]

...and that can be a part of someone's life on $40,000/year income. I use a coupon to hit up the keg to enjoy a fantastic steak dinner once and a while. I could also easily rent a lambo for a week and drive it all around...film some cool youtube videos. Truth be told, I've interviewed folks who have really nice cars and I've found that the novelty wears off quickly. So, if you want to maximize the impact of your dollar AND you enjoy fancy cars - rent them on occasion. Maybe for a weekend every few months. It'll cost you a lot less and it's attainable on $40,000/year withdrawn from your million dollar retirement portfolio :) Food for thought. I also personally enjoy a home cooked steak. IF I had to choose between steaks & lambos + working at a full time job OR occasional steak dinners & a regular car + NOT HAVING TO WORK EVER (FREEDOM OF an extra 50 hours per week)...It's a no-brainer. I'd take the freedom. I value my time and my freedom more than fancy shit. Thankfully I don't have to choose. I wouldn't be a wage slave for any amount of luxury...especially when there is no free time to enjoy it. Thanks again for following me on this journey and commenting.

[@honestly101]

Mike Rosehart thank you for the detail comments back to us. Theres a word to describe you It's called passion and when someone is passionate about something good. Its hard not to follow that person into the arena.

[@fernandotorres8034]

Why 4%/year of 1M is for life? Isn't only 25 years? Don't get it bro, other than that well done!

[@scottclarke8522]

Extremely well said.

[@JayRSwan]

@@fernandotorres8034 This is because you're living off the returns from investments and not touching the principal amount the $1M. The average return is 6% and up to 11% on really great years. So 2-5% is going back into the portfolio investment. The next year you will start with 2-6% higher principal so the 4% you take out will actually be more than the previous year. This 2-6% more will be needed as your $ will not go as far each year after the yearly inflation of about 3%. hope this helps and did not make it worse.

[@katelynrenesse4798]

do you know why earning from stocks with these youtube guides is almost impossible?

[@katelynrenesse4798]

because everybody can't be using these strategy and expect it to still work for everybody, the big money strategy will never be uploaded on youtube but kept to ones self. if i had the secret formula, i wont share it i'd help people out for a price, that is why i always advise getting professional guidance. Mrs Maureen Kay Bryan has made me over a million dollars that’s more than any youber has in their portfolio and she is not even a youtuber, you probably never hear that name as a beginner meanwhile unlike these youtubers she's an actual stock broker

[@ericwilde4583]

Exactly!! nothing actually beats first hand experience

[@ericwilde4583]

@@katelynrenesse4798 its like getting war advise from a desk agent

[@katelynrenesse4798]

@@ericwilde4583 nicely put lol

[@MikeRosehart]

Katelyn Renesse doesn’t really matter what you’re investing in - 99.9% of trades do not beat the s&p500 index on average, over a 25 year averages return...

[@JudgeDredd_]

My index fund vests in 4 years. 1 million cash and 50K tax free a year for life. So glad the S&P is not screwing me, entirely!

[@mlambert1974]

A lot of people are using a 3% withdrawal rule to buffer themselves more.

[@wmurray003]

I HAVE A QUESTION, why wouldn't you place about 75-90% of the million into a Mutual Fund that follows the S&P 500? I ask this question because on average the S&P 500 achieves higher than 6% per year.

[@kevinparkerful]

Saying that it's impossible to lose money when you're invasting makes you lose all your credibility

[@noodlepoodle8166]

"IF you will on do what you can, you will never be more than who you are" - i forgot who said it

[@martinesalomon5334]

I like the t-shirt

[@MikeRosehart]

Martine Salomon thanks :) I got it for free at an event haha

[@mindsinmotion2825]

Saving more and spending less is important. But also what you do with that saved money is even more inportant

[@lengerer]

I’ve decided to sacrifice 8 more years and keep working to go from 1 million to 3 million. I don’t particularly hate my job so it’s not to bad. I’ll still only be 50 yrs old but I have a young child and fancy house that I love to much to downgrade. And I do like my new cars and such. 40k PA in Australia would be pretty povo living

[@scottclarke8522]

XAW 40%, VCN 20%, ZAG 40% = my lifetime allocation rebalanced once a year. Living off capital growth and dividends.

[@MikeRosehart]

Scott Clarke right on!!

[@honestly101]

Thank you for making this video.

[@MikeRosehart]

Thanks Noel!

[@imsamiurrahman]

Short answer: Geoarbitrage

[@johnnysundby2940]

Great video. I'm age 53 and am a huge subscriber to all this, but what is missing is health care costs in your analysis. That's what hangs everyone up on a tight budget. Also long term care costs. perhaps a video addressing those things would be helpful? I never thought about those things in my 20's, but certainly do now as I run into more and more health issues and procedures. I'm a healthy non-smoking, distance runner including two full-marathons, just in case anyone's wondering.

[@XxAlex530xX]

With crypto I’ll be a millionaire soon. I will take notes.

[@momsspaghetti4504]

Same here brother! Which coins you got?

[@divinejustice8750]

Just save the money and keep working because it can disappear fast if not careful. Also, share with trusted important family members.

[@MikeRosehart]

👌

[@toddbenfield6546]

If you enjoy what you do, then it’s not considered work to me🤔still live a good life also. If you hate your job, then I see retirement

[@ChinekoFnm]

Please Respond...is it possible to save more than $6000 a year? I’d like to save much more than that probably more than +50k a year

[@JayRSwan]

after about 19k a year you can no longer save it pre-taxed so it starts to hurt a bit after that. say now you make $10 and invested $10 but after 19k invested you make $10 and can only save 7 as you have to pay $3 tax on the $10 first...... laaaaaame

[@bmonsmith]

Don't be spending like a little kid save your money and a $1,000,00 will come your way

[@Love2fix]

Why dont people retire at their 30s?!? Lol when you get to experience life by your 37th birthday let's see where your at lol

[@honestly101]

Real estate on #F.I.R.E

[@MikeRosehart]

In fact, with Real-Estate, $1,000,000 can produce $150,000/year for infinity. Note - that's not including any crazy appreciation like we've had, I'm talking inflation growth levels). Most folks can't relate to retiring on real-estate portfolios.

[@MikeRosehart]

My person plan allows me to withdraw up to $10,000/month without ever depleting the principal. That assumes a decent holding in Real-estate though...which is like a part-time/semi-active income source. IF you want 100% passive, 4% is your safe bet to live on.

[@Whitey_Ford]

How did you and your wife get 1 million dollars at your age ???

[@krisu6043]

40k a year? I don't live in Venezuela

[@MikeRosehart]

😆

[@groundup001]

There are two types of investors. Those who like to sleep well and those who like to eat well. This gentleman is the former. I respectfully wish to be the latter.

[@user-js4ez2yz9b]

$40k a year doesn't allow me to do extensive global travels. Travel is what I hope freedom could bring me.

[@MikeRosehart]

Mana T you could do global travel on 40k/year. Take long trips to each country to spread the flight out. For instance, stay 3-4 months in a flat that’s a good price - and the price of the ticket divided out over that time isn’t bad.

[@FIRED13]

@@MikeRosehart exactly what we do...extended vacations

[@GodspeedKartar]

It will last you 25 years if you are gonna take 40k a year

[@MikeRosehart]

XSlasherX or grow it faster - private lending secured mortgages at 12% as an example is 10,000/month withdraw 👌

[@GodspeedKartar]

@@MikeRosehart im only 14 so i dont really know lol

[@t3fLoN77]

XSlasherX Impressive that you’re interested in finance at 14. If you start following these guidelines at your age, you will have more money than you’ll ever know what to do with throughout your life. Time is truly money and that means a lot at your age. Start now, start small and chip away at it, $5, $10, whatever you can get, and pile it up. What the gent in the video is saying is to draw off the interest your money earns. He doesn’t mean to simply take $40k from the $1M each year, cutting down the $1M over time. In his example, if you have a base sum of $1M invested into any investment that can return 4% per year, you will earn $40k in interest every year. So at the end of the first year of 4% returns, you’ll now have $1,040,000. If you pay yourself that $40k, the base $1M remains untouched and can continue to earn interest in following years. Now you’re making $40k every year and not “working” for it or selling your time. The $1M is like an employee that is working for you, making you $40k every year. This gets even better if you have a larger sum of invested money and/or can earn more than 4%. Eventually you’ll get to a point where the return on your investments exceeds the money you need to live on. Then you become more or less financially Independant. This is why the rich get richer and the poor stay poor (regardless of what anti-capitalists or liberal politicians try to tell you). The opposite is true when you borrow money, or debt. Someone gives you money (for a house or car) and you pay them interest to have it. So if you borrow $30k to buy a car, that car winds up costing you $32k after interest is paid. Earn as much as you can now while you are young and invest it wisely. It will pay you back for many years and you will not have to worry about retirement. Try to keep your expenses low along the way and it happens even quicker.

[@GodspeedKartar]

@@t3fLoN77 uh.. Ok

[@t3fLoN77]

XSlasherX You’re welcome

[@juanblackwell8801]

I lost all respect when he said Market's performing for 300 years😂😂

[@MikeRosehart]

Hundreds of years …going back to the 1700s folks have owned shares in businesses and leant each other money

[@JohnSmithh644]

Thank you, great advice!

[@DxModel219]

Hey this is pretty awesome. I also do real estate projects too. I started to fully invest in the markets and have made alot. I am reinvesting everything and hopefully have it compounded gain for 10 years... then I am hoping to be set.

[@azizabbas9916]

I mean yeah you can do that but you're still losing on the principal, a million dollar now is not the same in 10 years

[@michaelritter6172]

Thank you! More vids like this

[@leniaharris1]

What books did you read when you were 17 or your younger years

[@MikeRosehart]

Lenia Harris your money or your life. Early Retirement Extreme Rich dad poor dad Checking my amazon affiliate link if you want to buy them in the buying your first property or my newer videos that start dropping. I’ll take the few pennies if you’re gunna buy it anyway :)

[@TheTruthAllDay]

What does this t shirt mean 🤔

[@kidsstudynow6901]

Are you still living on your million

[@travismorgan9273]

Most good jobs have health care benefits. If you retire early you have to get your own. This has to factored in and can push the amount of money you need to retire up significantly.

[@5000MikeMaster]

Travis Morgan he’s Canadian

[@scrappychildhood6633]

The question you should ask is how do you tedx a million dollars.

[@hankmoody5514]

fuuuk me. a quarterly trip to an offshore destination for an out of country unwind would be stellar.

[@jmcampbell05]

CAN'T EVEN READ THE BOARD!

[@ARTFamtastic]

How do you get 6% back? How would you diversify your money securely?

[@MikeRosehart]

ARTFamtastic exchange traded finds - ETFs. Buy a small piece of every stock with that strategy. Diversity. S&P 500 index for instance returns 8-9% on having

[@5000MikeMaster]

@@MikeRosehart i thought that was common knowledge \

[@Mens-Wisdom]

The 4% rule is based on a 30 year time horizon. It’s more like 3-3.5% for infinite time horizon.

[@a.mendez2894]

who will show you how to invest it? do you let a financial planner do it for you or what?

[@justme-nt5vf]

I did crypto... 50k to 450K in 8 months

[@tjscott1204]

Hello 👋, just found this video. Excellent thinking 🤔. How are you doing today

[@frazhussain5485]

i always enjoy watching your video clips i never get sick of them i think that your pretty cool. your very nice.

[@yonask627]

f.i.r.e content!

[@MikeRosehart]

You know it Yonas. Thanks again for the loyal support.

[@terryjackson517]

My family health insurance cost $1405 per month for a family of 4. How can $40k last us?

[@samuel100music]

Can I share an additional idea with you on Zoom or Whatsapp?

[@kevinparkerful]

$40000 a year is not enough if you have 3 kids. Have you thought of how much college is gonna cost for each kid?

[@davidsarway32]

I mean if you have a family of 5 kids you need a minimum of 100,000 to live so this video must be for people that are single there entire life and have no responsibilities lol

[@MikeRosehart]

I’ve got 3 kids and I support my extended family as well. We do it really lean still.

[@MikeRosehart]

I’ve got 3 kids and I support my extended family as well. We do it really lean still.

[@shamu3838]

If my bedroom has to look like that room in order to be frugal and live off the 1 million then I’m gonna go spend my money at a furniture store and be comfy but thanks lol

[@MikeRosehart]

Lol, part of the problem.

[@MikeRosehart]

This video was taken in my studio shed in the backyard.

[@gogeta9118]

Please do a follow up on this video for todays market. What can a million dollars do?

[@TortugaDeRio]

So, who do I call to do this? Is there specifics to what to ask for? Do I call Vanguard or something?

[@TheDino888]

Mike , but what if you don't want to leave behind 1 million dollars to anyone if you have no kids ,,, if you had to work hard for your money , wouldn't it me nice to spend it all in retirement and just leave $100,000 behind ,,whats your thoughts ? cheers

[@John-vb1fk]

1 million will last until you make a bad call. I have never made 40K on 1 million.

[@MikeRosehart]

You lend do private mortgage lending and make 10% annual (100k/year on a million), with very little downside risk if you secure on title 70% loan to value maximum. Or look at the S&P500, just buy the index. Averaging 12% the last decade straight that’s 120k/year...

[@BIGKEIR]

Grate information thanks now I have to do the research and of course "application ".

[@mattyu9969]

Hey mike how long did you live in the first house you bought at 19 ?

[@MikeRosehart]

God's Gift I lived there until I was 22.75, when I moved into a house I built, which I later sold for a handsome profit at 24.5 to move into the amazing duplex house hack situation I live in now. I live 100% free. My backyard tiny house and other unit allow me to live completely for free. All my housing costs and food costs are covered with the rents. I basically live for the cost of misc spending and business spending on gas to visit my properties etc. Living this lean allows me to save nearly 100% of what I make from active/passive sources.

[@Jason-ld8om]

Mike Rosehart Golden words. Very inspirational!

[@MikeRosehart]

Jason Liu thanks Jason!

[@MikeRosehart]

Jason Liu thanks!

[@Skolborne]

So if I need 2000 a month, I would need 600k invested?

[@JayRSwan]

don't forget about Taxes. Is that need 2k after tax? 600k is about $1,600 after tax. You will theoretically need closer to $750k to get you to that 2k per month mark.

[@Skolborne]

@@JayRSwan Even if my portfolio is made of qualified dividends that are tax free?

[@JayRSwan]

That's a great point. I suppose per the 2019 tax brackets as long as your combined income is under 40k I believe they would stay tax free dividends?

[@Skolborne]

@@JayRSwan That's what I'm assuming! Unless something changes

[@fredstead5652]

You could live off a million so you buy 10 houses and they give you say £500 rent each that's 5 grand a month never have to work

[@imsamiurrahman]

Best tip: Move to Bali

[@FIRED13]

4% SWR is based on 60/40 ratio and bonds with rates way north of what they are now. The new SWR could be around 2.5% , is my gut feel. Thoughts?

[@MikeRosehart]

Waren instead of bonds mix in real estate & a 6% SWR holds

[@FIRED13]

@@MikeRosehart commercial or residential RE ?

[@baklava6138]

Thanks for the vid! What about if there is a recession? Wouldn’t that lower your 4% total withdrawal amount? Also your counting on the average rate of return (7-9%) for the sp500, however you can have years where the is negative or 1% growth! So it would require to plan carefully because there can be years that perform bad

[@MikeRosehart]

I-Trans, LLC I-Trans, LLC correct, over the long term one will collect 7% average.

[@XRPeakyBlindAR]

I looked up what is I trans and KZbin is suggest I am transgender. Tf.

[@georgecole296]

Im 27 with around 60K savings. I've been buying stocks for a year but I'd like to get into real estate as it seems like a better and faster way to get passive income. I just don't know how to spot a good deal as it seems like anything out there on zillow or realtor are the leftovers nobody wanted. Any ideas on how to find a good multi family unit as I don't have access to MLS?

[@MikeRosehart]

George Cole sometimes you have to make a deal into a good one through value add. For instance, I bought a single family at market value and converted it to a duplex and unlocked 50,000 in value net of costs. I then placed A tenants in & unlocked more value. Sometimes you have to create the deal. Sometimes the deal that looks bad at face value just needs to be negotiated harder (with the seller) or value added after it’s closed. I have some great wise Wealth episodes where I answer questions on this stuff.

[@dean2663]

This doesn’t work too well in the US due to cost of healthcare

[@philnator100]

How much does health insurance cost?

[@rohsavjo1535]

Good video.. you can always work. I retired very early.. I get a monthly income for life.. but I still work and I'm under 40.. the thing is in the US, the more and longer you work, the more you receive from social security.. if it's still around.

[@MikeRosehart]

Roh Savjo true points. I’m curious to hear about your story, how did you set yourself up with monthly passive income for life?

[@jonathanbuyck2031]

With this 4% rule. How do dividends factor in?

[@TT0ny_]

Some people just really enjoy the game of making money and keep working (even after they're "retired")

[@jamesmorton7881]

tune in Dr. Michael Hudson. Know the battle field.

[@jaimdiojtar]

but what about if the united states print money like argentina(my country) or venezuela? and the milon dollars cant buy you even a chicken? in venezuela you spend 3 millons of bolivares for one single dollar

[@MikeRosehart]

Dont keep it in cash

[@jaimdiojtar]

@@MikeRosehart crypto all the way!, i dont even have 0.1 of one millon but i will have it someday

[@JH-D4075]

Good luck making 500K in 7 years

[@MikeRosehart]

Low Key Brotha on how much principle? It depends on your risk tolerance and amount of capital you have to play with, but very possible.

[@MikeRosehart]

Low Key Brotha making 500k in 7 years isn’t so hard from an income perspective. I know plenty of people who have earned a ton more than that. It’s not about what you make, but rather more importantly how much of it can you save!

[@dorsia4167]

I made 1.5M Canadian dollar in 6 years investing in property and crypto currency. So yes...it’s perfectly possible.

[@makennabourbon9144]

Mike Rosehart could you explain on how!

[@FidelHimself]

I like your style 👍

[@jamgooandyou]

This is brilliant if you have that amount of money, or can easily make large amounts of money from "talks" taking money off others lol

[@dean2663]

What do retired people do with all their time? I’m 57 and get super bored when not working.

[@frankthetank7444]

Have you heard of using a securities based line of credit on your stocks? you can live off that and pay back 5-10 years later while the stock earns interest.

[@MikeRosehart]

Yes with ibkr it’s at prime minus 2%, very cheap.

[@djpro1782]

The stock has NOT been around for 300 years and $50K a year means you're working poor

[@MikeRosehart]

There’s been trading ownership in companies for thousands of years 👌

[@mohdmajid1]

Great video Mike. If you won't mind,how old are you right now?

[@MikeRosehart]

Abdul I am currently 25 years old. I retired from my full time consulting job in March 2017, a little over a year ago. I am semi retired atm in that I’m working on a few of my properties atm. Thanks so much for the support!

[@mohdmajid1]

Mike Rosehart Thanks for the reply. I wish you success in your real estate gig!

[@MikeRosehart]

Thanks. More videos to come :)

[@jamesmorton7881]

Major blip in the road. Fiat currency crash every centrury. The dollar as reserve currency passes the baton. you get devalued the economy gets stuck in no growth mode

[@MikeRosehart]

Way to overcome this is to invest in land, crypto, gold/silver, hard assets?

[@elyinleyton1082]

Why is it that I have never seen this video before! I will follow you for the rest of my life. I am 24 years old no money save and Finally, I found you one year later, but I am still young. I will retire at 30 Hope so!

[@MikeRosehart]

Elyin Leyton welcome! That’s awesome!!! You can do it! I hope I can drop some more great content for you.

[@elyinleyton1082]

@@MikeRosehart Acctually I am watching your content from that video all the way to the lastest videos. I want to learn and most importantly achive financial independence. I live in USA. I do 50k a year, but I have huge expenses because bad decisions. Anyway thanks for the content. cheers!

[@MikeRosehart]

Elyin Leyton it’s time to make a change!

[@honestly101]

Mike Rosehart, these videos are great. I enjoyed this video very much.

[@MikeRosehart]

Noel Bissoondial thanks!! :)

[@iamcollinlam]

This is convincing 🥱

[@fuadjawhar987]

Neither the board nor the sound are clear....

[@frazhussain5485]

mike bro your a superstar- i like this video clip a lot and i like the t shirt it's very nice- keep up the good work- interesting topic take care hero have yourself a very nice day and meow.

[@daddysfreepicks]

Great video but what do you think about rental properties also?

[@MikeRosehart]

They’re my favourite ;) We’ve got a sizeable portfolio

[@swissladydriver8980]

Even though I could retire, I really like my work, so I'll Keep saving and investing in the meantime.

[@toddbenfield6546]

>ME

[@jamesmorton7881]

Michael delves into the history of debt and its role in our ever-changing economic structure. He references classical economists like Smith, Mills, Ricardo, and Marx, with their concept of economic rent as unearned income. They believed that industrial capitalism would eliminate the entire legacy of feudalism and dissolve the landlord class by taxing away rent or nationalizing the land. Since most governments were subsidizing education and health care, it seemed counterproductive to allow privatization of health, education, or land rent monopolies. They also saw ‘credit’ as a public utility, expecting banks to lend for socially worthwhile and productive purposes. Ultimately, instead of banking being industrialized, industry was financialized.

[@tytraulich4987]

Morton’s ideas will go out with him. Capitalism is undemocratic

[@dsinformation6640]

Thanks... This is really informative!

[@MikeRosehart]

d's information :) even the older videos had nuggets!

[@mohamedly5557]

Very straight forward and clear content. Thanks alot

[@mikem9870]

VTSAX,SPHD

[@ishma2100]

Have to I get up to a 1 million dollar

[@sixtyfour6687]

making smart moves

[@sarabjeetsingh120]

My issue is how to reach 100,0000😂😂

[@MikeRosehart]

Work and save 👌

[@sarabjeetsingh120]

Mike Rosehart yep just running towards it working full time mon-fri aerospace engineer and weekend servo ...meanwhile investing too ..hope to touch that number in next 6-7 years...thanks fr replying and liking my comment

[@justinkasper2640]

Very Insightful video, currently investing in the stock market and this made me my first million. The broker who assists me is Lisa Filomena Thompson, we met at a trading conference and she accepted to trade for me. She is the best

[@Shane-tu5gd]

I want to dabble into stocks, I’ve got money lying around in my bank account… how I can reach Ms Lisa Filomena Thompson

[@justinkasper2640]

@@Shane-tu5gd Just look her up, Lisa Filomena Thompson she is famous in the US

[@Shane-tu5gd]

@@justinkasper2640 Thank you, I’ve found her webpage, I’m very impressed with the reviews

[@justinkasper2640]

@@Shane-tu5gd 👌🏼

[@g8888-o4n]

This woman is really getting popular in the U.S , since we are all looking into stock recently. I'm on the line and currently working with her too

[@Jesuswalks7475]

Should I invest a million dollars in buying 4 houses rent them out and live off the money from rent or should I invest in something else?

[@MikeRosehart]

Peter Fairclough if you invest in lending you get 120,000/year at 12%, how does that compare to the 4 houses? Lending is also way more passive

[@Jesuswalks7475]

@@MikeRosehart do I do it through a bank or company, where do I lend the money? Ps thanks for responding

[@coachcarroll963]

So 1MM will earn 6% / year and you take out 4% and leave 2% in to grow the principal and offset inflation. Correct?

[@MikeRosehart]

Conservatively, yes. Historic returns are actually higher than 6% annual return the last 20 years.

[@johntiedemann2520]

Thank you 😁👍!