How to Use Debt to Create Passive Income

[@RyanDanielMoran]

My Process for going from 0 to $1MM in 12 Months: kzbin.info/www/bejne/jKmkdoRpqZ2AfcU

[@omekorpo9539]

You're asking which creditcard to use for 5% If you loadup Binance with a certain amount of BNB, youll get 8% cashback, with a monthly limit tho All payments can be done with other assets, as long as there is a certain amount of BNB available

[@TechnicalTrack]

I am the only one who is reading comments instead of concentrating on video

[@Waska]

Technical Track nope I'm doing that now lol

[@chliew4681]

Technical Track I am doing that too!

[@pizzas4breakfast]

I never watch the videos for anything anymore, I just read comments

[@Tilpranksdouspart]

There's a video?

[@TempleoftheSon]

Technical Track I always do that.

[@adnanshamsi4894]

I’ve got a question, let’s say you bought a $100,000 car on a 12% loan for 12 months. That means you need to pay $112,000 in 12 months. Let’s say it’s equally divided between 12 months, so the monthly payment is $112,000/12 = $9,333. This is what you need to pay every month for a year for the car. Now let’s say as used in the video, instead you bought a rental property for that $100,000 which gives an ANNUAL return of 20% (8% more than the cost of the car). So after the year, the house IF SOLD would give you $120,000. If you ensure a 20% return on the house that means you make $20,000 in a year which means you get $1,666 per month. The rental I get from the house is $1,666 and the monthly car payment I need to make is $9,333. My question is, what’s the logic you’re using in terms of rental paying your car? Your house is gonna give you the principal amount only when it’s sold but in the case of the car, you pay the principal amount via monthly payments.

[@Michael-schroder]

Basically, if the RETURN is more than the INTEREST it's always a good deal.

[@Alex-vi2wl]

As long as your return is always guaranteed.

[@dickdollars5423]

Nicely summarized. And it took him an eternity to basically say the same thing. It's almost too easy this money making business!

[@jaysant6958]

So if I took a loan for 1 million dollars and i invested it in something that pays that debt down over time, even if I only cash flow $100 from it, it's a good deal?

[@gaminggenghis4629]

@@jaysant6958 I'm assuming the loan takes 100% of the investment. So since you hadn't used any of your money it's an INFINITE RETURN sooo yes technically it is considered a good investment.

[@fadumosaid114]

When time of bancruptcy comes what is the solution for the millions of capital i raised for my business or my real estate.

[@S1N2D3S]

Mind blown - need rewatch multiple times to fully internalize just like a Book

[@kaylahobson1847]

You’re from cleveland?! Do you mentor people? I’m in Columbia station!

[@wariko1]

📩📩 let's talk on WhatsApp!!

[@ridethesky02]

I finally figured it out, Thanos was right....he used the stones to destroy the stones 😭😭

[@rogjerr]

This is confusing. If I take a loan, doesn't it have to be paid back? I can go invest the money, but if the cash flow stops then what? And don't loans have some term limits? Doesn't take out multiple loans hurt my credit score? Aren't the requirements for getting loans very high? e.g. having a job that pays well over minimum wage?

[@wariko1]

📩📩 let's talk on WhatsApp!!

[@maryamelb4918]

But what if your business doesn't succeed and you borrowed money... Can you the borrow again to start a new business or would the bank have no trust in you anymore ?

[@whyjustwhy2168]

Everyone has to quote Rob K. If you have the mindset and want a business then good, if not great. Live your life and be happy. Don't get in tons of debt and not be into keeping everything up that goes with it. Not everyone is money hungry, just make enough to take care of you and your family. Success and quality of life has many different meanings. Not just money....we are so confused here in this country. And yes I liked the video

[@shannonmcdonald1431]

This is really simple and straight forward. People say you can’t build your credit to 800 in a short amount of time. And there wrong. 2yrs ago I had no credit. Today my credit is 800+ it’s all in how you build it. Just like the guy said it’s all In how you use your squired debt. Look forward to using debt to build wealth.

[@shannonmcdonald1431]

Acquired*

[@elchapi366]

I have been using 0% Credit cards and investing them for a 6-8% profit. After the promotional 0% expires I pay capital and keep the profits. Rinse and repeat. I get monthly cash flow which I then reinvest, don't have to deal with tenants or employees. Ha!

[@firefox4006]

I recommend 24hrs_hack_service on |nstagram, they are the best, they help me genrate 46,000 usd to pay my debts

[@elchapi366]

@@firefox4006 explain bro..

[@jamesbrown5769]

Can you share some sauce?

[@rickychavez1473]

Instead of buying that Tesla buy another house now you have two houses and use those equities to buy another but this time cash and go on and on. You dont need a fucking Tesla. It's all about reinvesting and diversification.

[@jaredtaylor7305]

This guy mentions nothing about the inherent risk as the opportunity cost. “Good” secured debt is a fantastic tool when used appropriately. Leveraging a huge depreciating asset with potentially unstable income is not a smart move for the average person. Anyone who owns a house can tell you houses cost a lot of money sometimes.

[@KingCoCo]

Jared Taylor you’re right. These strategies aren’t for “average people”. I need average Joe Schmoe to pay my loans for my mansion and G-Wagon. These strategies are for superheroes.

[@TheMarketUnion]

You’re house isn’t an asset unless your renting it out

[@thedynamicpanda6830]

Assets make money. They do not deprecate. You have the wrong idea of what an asset is.

[@PRiMETiME_-bi1od]

So it took me 20 years and youtube to become financially well off without school

[@wariko1]

Thank you for your comment.👆Contact the Whatsapp Line above for more info and advice, I've something new to introduce you to!!!

[@bradhabits28]

The one thing I don't understand, how do you get a loan for a car but use the money to buy a house? If you get a loan for the car doesn't that money go straight to the car dealership? How would you have any money left over to buy something else with that same money? Please explain. I'm excitingly curious?

[@DoctorAshMD]

How did you use the tesla car debt to buy property? Didn't you have to use the 100k to finance the car? How did you end up with 100k in your hand ready to spend on property?

[@j936-n6n]

You are talking about expected returns as if it is a sure guarantied thing that you know beforehand. They key is that it is NOT. The debt and the interest you have to pay is the only sure thing, all else is speculative. You are doubling your risk by taking a debt for your business... Not only can the plan fail and you end up with nothing, the plan can fail and you can end up with negative amounts of money (see Dave Ramsey's story) Also also, debt interest is paid from after tax income whereas returns are taxed...

[@shkhks9287]

How did you become eligible to take the Tesla Car Loan at 2%, Instead of 5%?

[@yungjohnson76]

So howd u use the car $ to buy i house ? I dnt get it

[@raheemochmadia2621]

Could you get bigger loan than your debt to put into your business or invest

[@JKTCreation]

Mortgage rates in my area are in the range of 7-8.5%, whereby rental does not yield as much. Does it mean it is not a good deal to use debt?

[@anthonyhall753]

can someone tell me if I got this right for the tesla example? he has a 100,000 for the tesla but instead of spending it on the tesla, he takes a loan of 100,000 for 2% interest and buys the car with that instead. Now he has that 100,000 he was going to use to buy a tesla, that he can now use to buy a 100,00 dollar house which gives him a 10% return on 100,000 dollars which he uses to pay for the tesla loan. correct?

[@mattdelisle]

Anthony Hall yes, exactly. The house he bought is a rental, and that rental income pays for his car.

[@mandorodriguez4845]

So are you keeping the $100k you freed up and using it on to buy property or the car because at 7:05 you stated how now you have both which makes no sense because the money doesnt just double up like that

[@ChrisWycoco]

I never did any loan for my business. I kinda understand what he is saying. But is it when you loan $100 for your car, that $100k automatically goes to the car company then you need to pay that $100k together with the interest to the bank?

[@ellessemolefe8011]

Something that doesn’t make sense about the 2% loan,the car and the house???if he takes a loan out of 100k and buys the house in stead of the car,then gets rental income from the house.is that the money that he uses to buy the car and pay off the 100k loan? Someone explain this to me please

[@sidekick3rida]

The rental property pays for the car but how is the rental property paid off?

[@samuelsteinhauer8713]

I like how you add your own salesmanship inside this video instead of emphasizing assets that create cash flow.

[@KingCoCo]

Wild Life whut? The whole video was on an asset that created cashflow.

[@LeroyDunn]

I think I may be misunderstanding something. Around your idea using your 100k to buy a home instead of a house at 7:00 you mention that the interest on the car is 2%. However car installments include principle and interest and so your monthly installment should be must greater than 2% of 100k, Yet your home investment only pays out interest of 10%

[@JR-gb9ou]

So when Dave Ramsey and Mark Cuban say that borrowing money to start a business or utilizing borrowed money to "enhance" the productivity of your business is a bad idea no matter the circumstance, you would say that their advice is inaccurate?

[@aot2002]

Jason Raynor mark borrowed money for his first business. he tends to forget that.

[@alessandrosuppini943]

Show mw the secrets of starting up a 100% roi business and the rest is a no brainer!!

[@atulsingh7539]

Do the interest rates are really that low , isn't it like 7-14%, and isn't it like that if you sanction a loan for buying a car, then the bank will give you a DD on the particular company name, so that you can not spend it somewhere else, so how to sanction loan for a car, and spend that money to buy assets, and at 2% interest rate which you are showing? Is the real question.

[@nathanjohnson3676]

You blew my mind🤯 no one ever told me this thank you!!!!!!!

[@Cbassallday]

This actually works I've seen a guy do the same thing with $50,000 debt and did $1,000,000 that year. I get it now makes complete sense, great video !

[@dickdollars5423]

What did he do, buy 10,000 lottery tickets and strike it lucky?

[@hawaiian_hero3293]

I don’t understand. How did he take out a loan and buy a house and a car? Did he have the deposit for the house in the bank?

[@deniskwanda2845]

This all looks good on paper, but time and time again out here in the real world people have proven that debt is a bad idea. You are assuming that nothing will go wrong in your equation, and we all know, SOMETHING WILL GO WRONG!. You wont sell all your inventory. You will not get the perfect job after taking a loan for your education. And talk back to us when your $100K car breaks down and needs a new transmission, engine, or whatever. Your "cake" is filled with presumptions that there are no animals in a dinner table set out in the wild.

[@jzk2020]

Then play it safe, pleb.

[@gamble777888]

Denis Kwanda, It's all about risk management. It isn't simple but leveraging is a powerful tool to grow your business. Like anything you must be sure not to bite off more than you can chew. That's where risk, credit, and investment analysis come into play. Business itself is an extremely risky venture, that is why financially savy entrepeneurs sell their businesses quickly and diversify.

[@Tracks777]

I look forward to more videos

[@flashhd8785]

6:50 Why dont you just buy the house for 100k first. Then get a loan for the car 2nd, knowing you're paying it back on autopilot. It's the same thing.

[@dickdollars5423]

Think you just answered your own question dude

[@tebosmoke2279]

@@dickdollars5423 yeah but you would make money first if you get the house

[@jonosuna5311]

Because it's about not touching your own money. Use the bank's money to buy property, and that property will get you credit to buy more houses or cars. It's all about being in good debt all of your life.

[@edirmoreira5030]

Hi! How do you buy a car and use the money to buy a house?

[@jayyyzeee6409]

It makes sense, but the problem I see is that the cost of the loan is a certainty (e.g., 20%), while the profit from the enabled venture (e.g., 100%) is speculative.

[@RealDealDriftAgam]

But how car can be free ,i mean you have to pay monthly instalments for car company as well as to bank . Am i right sir? Kindly sort my confusion.

[@weasle898]

I agree to the college idea so much. I see people go to private schools that are 40k a year with the same paying jobs upon graduation. Meanwhile, I go to a state school to become a teacher. that school costs me around 7k in loans and I pay the other 3k out of pocket. I have a guaranteed job after school is done. It may not be high paying but I didn't pay a 160k for 40-60k a year salary.

[@bryansafie6708]

So I'm not the only one that used debt to become wealthy ... I don't feel like a crook anymore😂

[@RyanDanielMoran]

Yes! Debt can be very good when deployed correctly.

[@lonewolf-ok3vy]

By the 2nd example I understood this topic excellent idea love ❤😘 from India 🇮🇳 . Namaste🙏

[@firefox4006]

24hrs_hack_service on |NSTAGRAM

[@raheemochmadia2621]

I’m using my business credit card to build business credit I have a monthly expense Should I pull out a loan to pay that back

[@Stone_624]

This idea is fundamentally based on a dangerous assumption that everything goes smoothly throughout the entire process. Yes, you can take out $100,000 at 20% interest to build a product that you project will sell 1000 units and will make $300,000 someodd, paying back and the debt and making 100% return. But what happens when in reality you only sell 3 copies, falling 99.7% short of expectations, and ohh shit. Now you either need to take from savings or elsewhere to pay that back (or it balloons), or you're screwed. Same thing with housing. If you have 100% occupancy in a house purchased on debt, that's all cookies and rainbows. But when about when you can't find a renter and it goes unoccupied for 3 or 4 months. It burns a hole in your pocket. If you use that multiplier idea, sure you can say "Well I have 100 properties, if 1 or 2 do poorly, that's OK because the others make up for it". And that's again fair, until we have a massive economic collapse, then nobody can afford to rent anything and you're in a "magnifyingly" worse situation. If you've got 100 properties and something stupid like 10% occupancy, and the only way to get occupancy is to lower rates to a point where you're loosing money, you'll find yourself in hot water real quickly. Occupancy is also independent of delinquency, and maintenance / repair costs. If you make $200/month, that's great, your account goes up by $200/month. But if the mortgage is $800/month, 1 month of unoccupancy or delinquency eats savings from 4 months of rent. The longer this happens, or the more properties you have, the more devastating this imbalance (unless of course you're making more than 50% profit on rent). The dangers of debt don't go away just because you use it correctly. The ONLY way to safely take on debt, is to have enough to fully pay off the debt BEFORE you take on the debt. A man with $1,000,000 and $1,000,001 in debt, is a man worth $-1.

[@zachdrouhard9143]

I dont understand when you say that you bought a car for 100K and took a loan for it but then you used that money and bought a house? Can you explain this to me?

[@zachdrouhard9143]

Or is it because you took a 5% loan out but then only used 2% to buy the car and the other 3% to buy the house?

[@wariko1]

@@zachdrouhard9143 Thank you for your comment.👆Contact the Whatsapp Line above for more info and advice, I've something new to introduce you to!!!

[@eddyschonfield5592]

What happens if the rental property can't find a rent and you can't pay the 100,000.00 payment back or rent the house out and in 3 months the rentals destroyed it then what thats what I'm scared of doing it on a loan

[@alexorozco2258]

There is not enough views on this video and it’s sad 😞 this is something the millions need to know

[@charlesaliff123]

I grew up in Slavic Village (east side of Cleveland). Proud to see you raising up. Thanks for the guidance and insight.

[@jefflosey1561]

This only works with previous Collateral that has that Equity...Good Luck and many Blessings

[@hockinghillsalive3624]

Hey Ryan, I'm actually just starting to get my financial mindset and life in order. Hence the reason I'm here watching KZbin videos about it lol. I'm from Ohio, as well. And I love how many times you reference Robert Kiyosaki. I just read Rich Dad Poor Dad about 2 years ago and it changed my life. I've been studying him ever since, and listen to a lot of his radio show and podcast. I started building my own digital and social marketing business about 3 years ago, and want to leverage it in the future to start a real estate investing career. I would love to speak more with you and I will keep following you. I'll subscribe, and "click that notification bell." Haha, thanks for sharing! Also, I just hopped over to your podcast. Dude, if you like Gary Vee, you should totally see about having him as a guest on your podcast. I bet you could get him on based on the shear volume of episodes you've done, and I bet he would like you. 👌

[@hockinghillsalive3624]

Oh! Also, if you don't mind me asking; how old are you? You seem like a very well informed young man, and for your age that's super impressive. I'm 37 this month. So when I find folks younger than myself that I can learn from, I pay extra attention to them solely on the basis that this means the younger person is incredibly motivated and disciplined. Which I love even more. It really shows something about the person when they've accomplished so much at a younger age. Feel me?

[@dickdollars5423]

My advice to anyone sitting on 100k cash. Do not buy a car worth 100k. Nothing depreciates faster or more than cars. You've lost at least 30k on it's value driving it home from the show room. Money you'll never see again. Add to that the money you'll be out on maintenance and insuring something that expensive. Put the money directly in the real estate (after a lot of market research and shopping around) and take out the smallest loan you possibly can at the lowest rate you possibly can on a modest car. Nobody needs a 100k Tesla. It's pure ego indulgence and an idiotic move financially.

[@alextyde1257]

Very straight forward and to the point. Cashflow is king, it's as simple as that.

[@dickdollars5423]

Cashflow is king.....I see what you did there..hahahahahhaahaha...makes no sense but well done

[@eliascoronado7893]

Dude, you blew my mind. Thanks to you I WILL be a millionaire one day.

[@dickdollars5423]

Only if you go into Tesla sales and knock these idiots down one by one

[@mayurmm9369]

Hey buddy u nailed it .... lovely video

[@stanfordnkonjera8510]

l like yr channel it is true the teaching will help us to generate the debts for the projects

[@maram0796]

And when do you pay that debt off? Even if it's good

[@JamBos11]

$100,000 house with 5% interested over 30 years ends up being a $193k experience. The 93k in interest over 30 years averages out to $3100 per year. Now you have a 10% return from rent (that's 10k per year). Subtract the interest charges and you get $6900 return. Subtract maintenance at approximately 1k, property taxes at approximately $1500, property insurance at around $500, you're left with $3900 annual return. This return is taxable, so subtract 25%. You end up with around $2900 of an average return, which is much smaller at the beginning of the 30 year period and grows over time. You also have to deal with being a landlord. All for $250 a month? What's really important and often misunderstood is the repayment terms. A 5% interest rate does not mean you end up paying 105% of the original principal, and it seems you believe the opposite.

[@aot2002]

1K for maintenance? lol I doubt it my rental property costs me nothing in maintenance and been rented since 2011. Also huge write off for interest and property taxes every year on my returns so not 25%. Also building equity while it’s being paid down, one of my homes jumped 50k from the market.

[@michaelgraham8018]

You have a very strong point but you're vastly underestimating the value of having equity in that same property

[@panolog]

There are a lot of apartments and flats in big cities mate... Get out of your little hole. 1k in maintenance has it every nice flat in a city.

[@brandon8792]

Lol you didn't even talk about the equity you're building and the ability to continue renting out the properties after they're paid off

[@rizzleriz4457]

Good post bro. This is where the real investment decision lies...at the breakdown. Some ppl only see the big picture

[@freshreserve]

how about maxing out cards buy houses in hood put them on section 8 and pay minimum payments on cards and leverage the debt

[@huzaifashaikh6319]

Car and property on 100,000 loan does it makes sense? Explain please

[@budiyantobong915]

Yeah, I was like you always go against debt thinking that its a bad move that give your company pressures of returning. But i have a few questions: 1. How can u make sure that the profit you will get is 10%? or 100%? 2. What did you do/use as a guarantee to get debt at that interest that low?

[@semihmbo]

That's your job. To figure out what is profitable, doing some research ..

[@arulasveen]

I learnt about multipliers. ty.

[@pentrubarbati]

Debt that is used to p[roduce money is good Debt for useless stuff is VERY VERY VERY BAD

[@IHIuddy]

You never spoke about the risk. What happens when your HVAC goes out. Roof leaks. Tenant doesn't pay rent. Your out of that 10% quick and then you start losing money. Looks good on a white board. Sure push number around all day but you should be way more realistic with these numbers.

[@dickdollars5423]

shhhhhhh...it the world he is selling there are no risks dammit

[@eddyschonfield5592]

That's what I'm saying rentals get destroyed some times then what you need a remodel to only way it would work out is to already have the money and like 50 other rentals lol

[@TheSuperHeroOfLove]

Man I have to learn this stuff more in depth!

[@boogerking7411]

8:08 where can i watch this multiplier he's talkin about? Links pls

[@thedynamicpanda6830]

I'M FROM CLEVELAND OHIO!!!!! GO CAVS!!!

[@jeremyariche4332]

How do you know in advance the ROI will offset the debt? Is it a gamble or do you have a master plan?

[@matthewk8684]

he doesn't know the future ROI. everything has risk, it depends on your risk appetite. even in "physical products" you don't know for certain what sales will be. there are complex forecasting models but even those should be used cautiously

[@devoryburns2407]

I learned debt with OPM from Robert Kiyosaki could get me rich, but he never says how to do it in his videos. Does he say in rich dad poor dad? I just purchased it hoping so. Thanks for informative video!

[@glowblank17]

@Devory Burns, *Damn, you sure are a lil’ CUTIE 😍! May I PLEASE make direct payments towards your college tuition/student loans (Soon-To-Be Dr.) 😩?*

[@wavecipri]

You buy a house for 100k, with ROI 10k/year. After that you buy a brand new car worth 100k with a loan at 2% interest/year. If the loan is for 7 years for the car, in the first year you need to pay 15k with interest. In this moment you have negative cashflow. You need to take a loan for at least 11 years for the car, to have at least a flat cashflow. In this case the yearly payment for the car is 10k.

[@samuelspencer5047]

Initially I was reluctant to watch this video and now I am glad to have clicked to watch it Please explain further on that "Freeze payment"; what it is, how it works and how to get it, the elaboration would be much appreciated thank you.

[@leftmorningstar6954]

can you do this in europe with the euro ?

[@ElricoGreenwood0630]

wow this infor is so helpfull and eye opening! thanks alot i will subscribe and like.

[@elvispresley3234]

Very good content, but spending 100k on a car, which is a depreciating asset, is a horrible decision. What would your numbers be if you purchased a used 30k car instead?

[@diegoambrosio]

Yes, 200k of profit, but it is necessary to give 100k to get those 200k. In accounting it is called "the cost of goods sold", so it is practically 100k of earning. Now, if the asset pays enough to cover the loan plus interest - let alone any money left for living -, it is not likely for any bank to charge low interest rate while the margin of profit to be relatively high. But let us say there is a good opportunity - they exist -; it would be an aggressive investment, i.e., risky. That means if the value of the asset declines, the coverage of the loaning will be difficult to come by, hence the risk.

[@jamk916]

Hey i get your point but 5% compound interest is not 5000

[@leemiller1837]

How does this work now assuming higher current 2024 interest rates?

[@bmelika]

Ultra helpful Ryan. Super 👌

[@jzeeTV]

Dude, North Olmsted? I am from the east side, but lived more recently in Fairview Park! Actually, this past Christmas, I stayed at a relative's place in Rocky River while in from LA. They need to patch some of those holes on Center Ridge. Man! Anyhow, have come across your videos while doing some FBA. Just thought I'd shout, yo. Appreciate all the thoughtful content. Keep up the great job. :-)

[@83442handle]

I still don't understand what's the point of buying a 100K car to begin with in this example? Why not get a 120k loan, buy a slightly used car reliable car for under 20k cash which would be equivalent to 1 year of Tesla monthly payments. Then you'll own the car and while in the Tesla example you'll still be paying giant monthly payments every month whereas that money could be going somewhere else.

[@uncleshrek32]

Your first sentence resonates with me. Cash is king is all I ever heard.

[@tranquilocomoelcielo]

Finaly I undertant it, thank you!

[@mikemclean2459]

I like your concept of revenue generators vs cash suckers, but I'm not big on your example of the Tessa as a good choice. All in all, I think your message is solid, just consider a better example. Thanks for sharing with us.

[@djjohnneybbadd]

I do not understand how buying the car for 100k free's up 100k. Can someone please understand

[@lukewatches]

what does he mean when he says "borrow against your home"

[@mamneo2]

Luke Edmunds Borrow money from the bank, assuring that if you don't pay the loan you will give your house to said bank.

[@cletshelton2201]

Lots of angles to ponder here thank you , and my advice don't quite your day job that holds your foundation this will allow you to play ball safy start by practicing small

[@Ladyfromyoutube]

How do you know if your house or apartment increasing value?

[@jermisious8737]

This makes so much sense... I could just someone to pay my car, without them touching it.

[@phyksoniyal5834]

interesting. so when the economy slows youre fucked. there are always corrections, asset value never goes up forever.

[@junaid12345678901234]

This is why people should know when to hold and when to sell. people made millions in the housing crash of 2008-9 because there were so many good deals available after the crash at a cheap price.

[@phyksoniyal5834]

true-ish but none of the problems that caused the crisis have been resolved. I honestly feel it is rather shameful how many people got totally fucked, and people profited off of it. it doesn't make the human species look very ethical. its also rather interesting how we rationalize profiting off of the backs or the misery of others.

[@phyksoniyal5834]

buying an asset cheap isnt unethical, i didnt say that. your totally missing the point.

[@phyksoniyal5834]

yes i do. in this particular instance the system was rigged from mass criminality and terrible management. much different from 'market correction' or the 'business cycle' im sorry it is just hard for me to advocate profiting from the scraps left over after people's lives were destroyed. time like that we need to be more empathetic and solve the problems that caused it. instead of putting the debt on the nations tab. and not make and superficial changes/ regulations to the 'industries' and making a return. you are right some people did lie on their credit reports. but the ones who didn't and the people that were signing up for obligations they weren't remotely aware of.. is just unethical from the get go. the real questions is when it will happen again? student loans? subprime auto loans?

[@junaid12345678901234]

The system is and has always been driven by human emotions and judgement and it will forever repeat this cycle, question is whether you and I will get played by it everytime or will we learn and improvise.

[@InsanePokerClips]

Shared this with the fan. Thanks... eye opener.

[@InsanePokerClips]

Fam*

[@BigDCoins]

Very educational. THanks

[@phillipborbon6598]

dont forget, if it is a business you can tax deduct as well :) i believe the interests.

[@danielakasmart2891]

how did u get a 2% loan . thats amazing

[@dickdollars5423]

He didn't...it's BS he's using to make his formula look smarter

[@humanbeing20118]

Its difficult to find deals that pays more than the emi

[@KingCoCo]

Awesome video man thanks so much I’ve been trying to find the formula since watching kiyosakis videos but you nailed it!!!

[@firefox4006]

24hrs_hack_service on |nstagram are the best, they help me generate 46,000 usd to pay all my debts.

[@jordanroberts7931]

Wait I'm confused. You were given a $100k loan, you took that money and went somewhere else with it and bought a house? So how did you still get the car if you didn't have any money to give to the dealer? Also, what kind of a loan did you even get? If it's a car loan, I had no idea you could essentially lie and take the money they give you for the car loan and spend it somewhere else. Unless you got a generic loan.

[@szoliwer]

Hi, I am just quickly gonna reveal the small detail that probably flew over the head of people (reasonably so, because he did not clearly state it.) What he meant was, that he already had 100k in cash, ready to buy the car without a loan. Instead of that, he took a car loan out with a 2% interest on the loan and pays it back every month. But since he did not use that 100k stack of cash, he now has 100k stack of cash to invest! If he finds an investment (like he mentioned with the property) that gives him a higher return than the interest he is paying on the car loan, he is better off using debt to finance his car, rather than using the available cash. I hope this explains what he meant!

[@jordanroberts7931]

Thanks, ya he makes it sound like you can use your debt to create passive income. This is simply just choosing one option over another.

[@hillsview455]

It’s all good but you have to mention the risks which is very important that comes with it, especially when you made your first house as a collateral to get another house. Business is not always all good, there’s ups and downs and if you’re renting there are expenses, and surprise expenses like if something breaks and also the vacancy on your apartments. That’s why you need to have a savings just in case something shit happens. Easier said than done but you have to take those risks if you want to succeed otherwise get a job and be like a sheep.

[@Barra_Elsandoq]

you are amazing Ryan

[@ado011235]

Thanks a lot dexter