I am Rich Yet Own NOTHING, Here’s What The Government Won’t Tell You About Wealth

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Ken McElroy

Ken McElroy

Күн бұрын

Пікірлер: 984
@KenMcElroy
@KenMcElroy 3 ай бұрын
If you find this video valuable, please consider sharing it with someone who could benefit from it. Your support helps our channel grow and motivates Ken to keep making videos like these. Thank you
@Siya-77-7
@Siya-77-7 3 ай бұрын
Hello sir. My name siya, from India. I need your help. Lot of debt in my life. Now I am struggling in Dubai. I need a financial help. Please believe me sir 🙏🙏🙏🙏🙏🙏 trust me
@Siya-77-7
@Siya-77-7 3 ай бұрын
Please help me sir
@Siya-77-7
@Siya-77-7 3 ай бұрын
Please help me sir 🙏
@Siya-77-7
@Siya-77-7 3 ай бұрын
Sir is it my fault to be born poor?
@youmayberight2434
@youmayberight2434 3 ай бұрын
Thank you.
@Internal-m.d.
@Internal-m.d. Ай бұрын
For busy people: 1) have an insurance 2) don’t own anything on your own name 3) separate yourself from your assets by placing everything in LLC - transfer the title on the LLC 4) how many llc? - don’t put 10 properties in one LLC. Usually 2 per one LLC. 5) personal car don’t have to be in the llc, put only if the car is a muscle car or old timer - again you have to transfer the title into the LLC.
@klecoxs2
@klecoxs2 Ай бұрын
Thanks
@RedEyeification
@RedEyeification 27 күн бұрын
What is an LLC ?
@Internal-m.d.
@Internal-m.d. 27 күн бұрын
@ It’s company type with limited liability. LLC - Limited liability company. Make sure you transfer the titles of your assets into the company, otherwise it’s worthless.
@vss963
@vss963 27 күн бұрын
Thanks. As far as cars are concerned, they gave an example with a Ferrari ("exotic") or an old (but sought after) type of car (such as a rare Porsche). Muscle cars are probably not worth the trouble as they will lose their value even faster than some luxury brands do.
@RedEyeification
@RedEyeification 26 күн бұрын
@@Internal-m.d. Thanks 😊
@Jakepattison42
@Jakepattison42 Күн бұрын
It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
@jeffDwyer1
@jeffDwyer1 Күн бұрын
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
@Pconradsmith
@Pconradsmith Күн бұрын
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025
@CindyValenti
@CindyValenti Күн бұрын
This is definitely considerable! think you could suggest any advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
@Pconradsmith
@Pconradsmith Күн бұрын
Annette Christine Conte is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@CindyValenti
@CindyValenti Күн бұрын
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@davidrpriest
@davidrpriest 3 ай бұрын
Asset Protection is not expensive. Getting sued and losing assets is VERY EXPENSIVE!
@stevearcher6100
@stevearcher6100 3 ай бұрын
Especially when considering the amount of fraud perpetrated in these sorts of claims, as well as the parasitic nature of the sorts of attorneys that enjoy a high income at the expense of insurance customers. Protect yourself in all ways at all times. The law is seldom your friend.
@Misiracaltudamecekas-qw8xo
@Misiracaltudamecekas-qw8xo Ай бұрын
doubled up after pandemics try to afford
@cometcal2
@cometcal2 Ай бұрын
There's expensive and expensi-ver
@deepakhandique9187
@deepakhandique9187 26 күн бұрын
What's the point of living in such a stupid society or country where the Law itself is used to do Un-Lawful activities... welcome to the so called Secular, Safe, Civilised, Democratic, Lawful, Stupid Countries of the world, where their own citizens have to live in fear all the time and help make the Insurance, Realestate, Education, Law, Pharma, and Defence Equipment Manufacturing Companies Grow Richer by Sucking Blood of their so called own Citizens 😂😂😂😂
@cometcal2
@cometcal2 16 күн бұрын
@@davidmack4185 I may be wrong but Giuliani might have been able to delay the punitive fines.
@brianwhitehawker1756
@brianwhitehawker1756 Ай бұрын
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@lucaswilliams9992
@lucaswilliams9992 Ай бұрын
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@Jadechurch-ql3do
@Jadechurch-ql3do Ай бұрын
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
@yeslahykcim
@yeslahykcim Ай бұрын
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
@Jadechurch-ql3do
@Jadechurch-ql3do Ай бұрын
Credits goes to "Mary Elizabeth Fugelsang" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
@geraldt331
@geraldt331 Ай бұрын
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
@JefferyDuns
@JefferyDuns 26 күн бұрын
So how exactly can we guard against the coming financial reset Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.
@RobbieNixon-d1w
@RobbieNixon-d1w 26 күн бұрын
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
@Ji-Min-j7b
@Ji-Min-j7b 26 күн бұрын
I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.
@PhilipDunk
@PhilipDunk 26 күн бұрын
@@Ji-Min-j7b Great gains! Can you share your CFP details? I'm gaining more cash flow from my job and want to invest in stocks and alternative assets to build wealth.
@Ji-Min-j7b
@Ji-Min-j7b 26 күн бұрын
My CFA "Sophie Lynn Carrabus", a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@PhilipDunk
@PhilipDunk 26 күн бұрын
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
@dinglesdingler1211
@dinglesdingler1211 3 ай бұрын
If youre only forming LLCs for the purpose of holding your assets, any good lawyer can get those entities disregarded in court. Its called piercing the corporate veil. 2nd, for the price of fili g your required annual taxes on each LLC, you could probably buy enough insurance to cover your original loss.
@KennyG944
@KennyG944 25 күн бұрын
Invest in foreign assets. Harder for them to get their hands on 😊
@troibandy2139
@troibandy2139 18 күн бұрын
But the trick is going to be for the lawyer to know who the members of that llc are before attempting to pierce that veil. Furthermore, if that llc is controlled by a foreign entity or put into a foreign trust in the Cook Islands, Nevis, or Belize, then it will be nigh impossible for a lawyer no matter how good to get at those assets.
@DerekKwan
@DerekKwan 3 ай бұрын
I wish someone would address these 3 questions: 1. How many LLCs would you get based on number of doors/SFHs or based on equity value per LLC. 2. Costs to manage and do taxes on all those LLCs. 3. How to move your title/loan to your LLC without triggering your bank to call your loan bc your loan terms/owner changed. Maybe a good follow up video?
@pike0825
@pike0825 3 ай бұрын
SAME. Not yet knowing answers to those 3 questions is what’s stopping me from moving assets to an LLC
@ShaniaAtherton
@ShaniaAtherton 3 ай бұрын
Google it
@HildaRealtor
@HildaRealtor 3 ай бұрын
1. it is better to put one property in one llc, this way, when one gets lawsuit, others are not in danger. 2. you can setup series llc, it is cheaper to set up and you only have to file one tax return for all the properties. 3. you can contact your mortgage company/ bank, explain to them that it is better protect your assets. They know it is, so most of the time they approve it. however, I could be wrong, it is better for you to do more research. Hopefully, an real estate lawyer can help answer your questions better!
@MissBellaMe
@MissBellaMe 3 ай бұрын
@@HildaRealtor this is actually a really good answer, however i would make two tweaks (i'm a lawyer). for 2., i would do a series LLC as well, but have each series be a cap (series 1 is worth $250k, series 2 is worth $250k, etc.). that way all of your money isn't tied up into one series. and for 3., you can put the homes in a trust naming you as the beneficiary.
@genxmurse7019
@genxmurse7019 3 ай бұрын
How about putting your assets in another family member's name?
@ChristopherAbelman
@ChristopherAbelman 21 күн бұрын
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
@DaliaCohen2230
@DaliaCohen2230 21 күн бұрын
You know Long-term investors know that the market and economy will recover eventually, and are well positioned for the rebound. Personally still going hard on this crazy market and I'm doing just fine. My portfolio currently up 43% right now. I am going to sit back and observe how this all plays out, adding more stocks at a time.
@FinnBraylon
@FinnBraylon 21 күн бұрын
On my end I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@HildaBennet
@HildaBennet 21 күн бұрын
Interesting, Mind if I ask you recommend this particular professional you use their service? honestly right now i have quite a lot of marketing problems.
@FinnBraylon
@FinnBraylon 21 күн бұрын
Diana Casteel Lynch is her name. She is regarded as a genius in her area and works for Empower Financial Services.
@HildaBennet
@HildaBennet 21 күн бұрын
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
@oliviaralston1
@oliviaralston1 18 күн бұрын
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires.....
@ShakiragoldVictor
@ShakiragoldVictor 18 күн бұрын
You are right, to be a successful person in life require him or her of hard work and time
@Muchen218
@Muchen218 18 күн бұрын
The thing about been successful is working toward it and not going the other way round
@MillicentCarter
@MillicentCarter 18 күн бұрын
You are right. Been thinking of going into gold and cyptocurrency
@Olafsharma
@Olafsharma 18 күн бұрын
It's obvious everyone is doing this online Investment
@HopeJackson-b7b
@HopeJackson-b7b 18 күн бұрын
​@@Olafsharma I totally agree with you it has been an eye-opening experience for a lot of people.
@mahalia_kendrick
@mahalia_kendrick 3 ай бұрын
I turned 40 today. I meet with 2 financial advisors earlier this year who estimated my net worth between 1.6 and 1.8 mil. I live in the middle of nowhere, work a bluecolor job in a very poor state, have an associates degree from a votec school. Anyone can do what I did. Most of my net worth is my 401k. The next chunk is my paid off house. I haven't had debt in years and live well below my means. I dont lose sleep over the housing market or stock market swinging...
@Jessrobbie
@Jessrobbie 3 ай бұрын
BOOM! This is the way. Well done ma'am, seriously. If it doesn’t make sense to you, never invest in it. And the number one investment of all time (according to Buffett) is you!
@Freddyjoh16
@Freddyjoh16 3 ай бұрын
Sounds like half a story. How do you break down 1.8 mil just by working a normal job at 40? Must be through investments, or untold benefits you received. 1.8 mil not something ‘anyone can do’ with a regular job and no particular benefits to start off with.
@mianortum
@mianortum 3 ай бұрын
I'm celebrating a $30k stock portfolio today. started this journey with 6k,I have invested on time and also with the right terms now.
@devoncampbell275
@devoncampbell275 3 ай бұрын
I work in IT as freelancer and earn well today, but have been salaried before. I know for fact that it is not possible except when going independent or making risky investments.
@elizabeth5623
@elizabeth5623 3 ай бұрын
​mianortum Damn that's huge, how do you make that much weekly? I'm 37 and have been looking for ways to be successful, please how???
@randallcotner2155
@randallcotner2155 3 ай бұрын
Agreed, this takes your name off the assets, but you still have beneficial ownership interest in the LLCs. By owning "NOTHING," you could not own any beneficial interest in any entity. In part two of this video, will you be walking us through exactly how we achieve owning "NOTHING?"
@williamtiffee3799
@williamtiffee3799 2 ай бұрын
Query: "Unicorporated." (The ONLY way to "own nothing" with true anonymity... is to use Trusts, vs. corporate entities, in the age of the internet, etc.) And that is precisely HOW every dynasty known was built, in the last several hundred years.
@CamdenVanderlaan
@CamdenVanderlaan 2 ай бұрын
The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!! 😆
@keithbellair9508
@keithbellair9508 Ай бұрын
It does for the certain people.
@IdentityCrisis1581
@IdentityCrisis1581 Ай бұрын
Money does grow on trees if you work for the lumber industry.
@aircraft1650
@aircraft1650 28 күн бұрын
Money is printed on paper, paper comes from trees, trees grow to be harvested for paper and other resources. So money does grow on trees...just thinking
@HarryCallahan-uf4ou
@HarryCallahan-uf4ou 25 күн бұрын
Alnonds walnuts and apricots…well, ok not walnuts so much lol
@KTS_85
@KTS_85 19 күн бұрын
This lie was (and co to use to be) told to everyone so no one thinks about sweat equity.
@angieharris8015
@angieharris8015 3 ай бұрын
Do what OJ Simpson (and so many others do) did and keep your money in a retirement account. Oh and no one can trace your precious metals.
@bbmw9029
@bbmw9029 3 ай бұрын
If someone has a judgement against them, and they've put their assets in an LLC where they are the sole member, the plaintiff may not be able to go after the assets in the LLC directly. But what stops them from going after the members ownership interest in the LLC?
@andrej1923
@andrej1923 3 ай бұрын
Had the same question. From what i understand they can pursue your interest in the LLC by foreclosure or demand. Not sure this video explained how the rich own nothing. You do own something. I’d be curious if they can explain how to shield those legal interests in an LLC or land trust
@andrej1923
@andrej1923 3 ай бұрын
Maybe the point is to hide it from public record so that the plaintiffs counsel can’t find it and won’t bother due to lack of perceived value ? But in a court case during discovery i assume you would be mandated to submit a personal financial statement subject to perjury
@bbmw9029
@bbmw9029 3 ай бұрын
@@andrej1923 Very likely.
@japeters11
@japeters11 Ай бұрын
It varies by state, so you have to consider the laws where you form the llc.
@RealityTrailers
@RealityTrailers 3 ай бұрын
Ahh, an infomercial selling a book. I use to get suckered into... I mean, watch many of those back in the day.❤❤❤
@zedbou5040
@zedbou5040 Ай бұрын
Exactly
@bryan0359
@bryan0359 25 күн бұрын
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏
@Leahwilliamson124
@Leahwilliamson124 25 күн бұрын
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
@emilymccord7063
@emilymccord7063 25 күн бұрын
I invested $2,000 and the trade in one month making close to $20,000. I wonder where she got her analysis.
@giselastefan2180
@giselastefan2180 25 күн бұрын
Seeing my broker talked on KZbin, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
@carlosalberto54754
@carlosalberto54754 25 күн бұрын
I'm from Brazil 🇧🇷 I and two other of my friends tried her immediately we testified her performing wonders.
@bensonarmstrong7287
@bensonarmstrong7287 25 күн бұрын
Her good strategies of making large amount weekly profits for her clients are totally outstanding. Investing my $1500 with doubt and withdrawing $12,300 with happiness. I ❤️ you Lucy.
@Vikturneer
@Vikturneer Ай бұрын
Kudos Ken. 43 here with a good investment plan that ensures steady income without any doubts I and my lovely wife are prepared for a well organized retirement. I started investing about a year ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.
@Vikturneer
@Vikturneer Ай бұрын
It's totally far from luck. Sir Jonas Herman, a CFA has consistently outperformed the market ever since I got on his program. He has continued to put my $35k to good use with market driven strategies making me an optimal return of over $231k
@Freddylone
@Freddylone Ай бұрын
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with investing. It’s all just gambling.
@Roymysterio
@Roymysterio Ай бұрын
I'm green in investing. I work most of the week and barely have time to myself. I'd like to use mentorship. How can I get to him?
@Vikturneer
@Vikturneer 28 күн бұрын
Hermanw jonas that’s his gmail okay
@CamilaBadde
@CamilaBadde 27 күн бұрын
Funny enough, I’m on his mentorship program too, although I feel the commissions are quite high but excellent service overall.
@Raniyanhunter
@Raniyanhunter 2 ай бұрын
The rich are money-minded; that's a lesson I've grasped from the very beginning. My desire to build wealth has always been strong. I’ve set aside $120K since 2020, and I’m eager to invest it in the stock market to grow my financial future. I’d love to hear any recommendations you have.
@garnold-l5p
@garnold-l5p 2 ай бұрын
I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
@Joeknowsball247
@Joeknowsball247 2 ай бұрын
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $175K to $550K, despite inflation.
@Mlanderos-t9e
@Mlanderos-t9e 2 ай бұрын
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
@Joeknowsball247
@Joeknowsball247 2 ай бұрын
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
@Mlanderos-t9e
@Mlanderos-t9e Ай бұрын
Thanks, I just googled her full name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
@flipsharkz34
@flipsharkz34 3 ай бұрын
Regarding personal property, I think looking at a personal property trust really fits in too. Anonymity is key, beneficial interest would obviously be an LLC.
@onlinestorytime6875
@onlinestorytime6875 3 ай бұрын
Be careful when transferring the title as this may trigger the due on sale clause.
@kyleevanston
@kyleevanston 2 ай бұрын
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brooke Miller.
@agathacolleen
@agathacolleen 2 ай бұрын
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
@stephaniebeddis8069
@stephaniebeddis8069 2 ай бұрын
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
@jadewashington7
@jadewashington7 2 ай бұрын
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
@HighlightsSerieATIM
@HighlightsSerieATIM 2 ай бұрын
I'm new at this, please how can I reach her?
@sole27ore
@sole27ore 2 ай бұрын
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@JoshuaTrinityWolf-dc4up
@JoshuaTrinityWolf-dc4up 3 ай бұрын
Last year I had these 3 neighbors that my wife and i drove to 8 stores to get the cheapest groceries.Then it hit me that I only have 2 million liability and the 24 year old could cost 5 million to care for her for 60 years.I also remembered my scammer aunt that was in a minor accident in my uncles car and she made 15 claims that went on for 2 years. I said no more rides and saved $ 1,500. a year as riders can't pay for anything or you become an uninsured taxi.
@MidnightOilsRestoration
@MidnightOilsRestoration 24 күн бұрын
😂
@kanunashini7019
@kanunashini7019 3 ай бұрын
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
@artbyddp
@artbyddp 3 ай бұрын
gkys
@Sebaa1337
@Sebaa1337 2 ай бұрын
@@artbyddp every video about money is full of these bots every time so annoying
@artbyddp
@artbyddp 2 ай бұрын
@Sebaa1337 On some, "we've been trying to reach you about your cars extended warranty."
@SteveWiIIDolt
@SteveWiIIDolt Ай бұрын
Scammer spammer
@commonsense3921
@commonsense3921 24 күн бұрын
Even those likes are a scam
@TilSchweiger-i3f
@TilSchweiger-i3f 3 ай бұрын
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
@Benjaminarmstrong684
@Benjaminarmstrong684 3 ай бұрын
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
@TilSchweiger-i3f
@TilSchweiger-i3f 3 ай бұрын
That makes sense. Unlike us, you seem to have the market figured out. Who is your fiduciary?
@Benjaminarmstrong684
@Benjaminarmstrong684 3 ай бұрын
Zachery M Demers is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
@muhc8550
@muhc8550 3 ай бұрын
Look at GBIL. If you like it buy at the first of the month
@joeshmoe9978
@joeshmoe9978 3 ай бұрын
🚨scam alert🚨
@bernardking2749
@bernardking2749 3 ай бұрын
Wow alot of legal and insurance advice was offered without any disclaimers. This is definitely an oversimplification of both the legal and insurance procress. The amount of liabilities ken and this gentlemen took on in one video is stunning.
@gillean2
@gillean2 3 ай бұрын
Can't people search state records for owners of LLC's? If a person owns an LLC, can't they go after the LLC?
@Denniss7420
@Denniss7420 3 ай бұрын
@@gillean2 Nope. That's why it's called a Limited liability. When I worked at a car dealership.......the owners had their house under the ownership of the corporation or LLC. Their vehicles were all dealership owned vehicles. An LLC is an entirely separate legal entity from its owners.
@dq7143
@dq7143 2 ай бұрын
The disclaimers are stated in the shaded section just above the comments.
@Tchild2
@Tchild2 28 күн бұрын
@@Denniss7420 If the LLC is sued, you are personally protected. If you are personally sued, the LLC assets are not protected. A creditor with a judgement can pierce the corporate veil and take those LLC assets.
@BRichard312
@BRichard312 3 ай бұрын
I couldn't get through this video. Here's the reality of life in the United States. The system is specifically set up principally to make money off of people's MISTAKES. This video underscores the importance of that issue from an insurance perspective. There are many other examples. If you make a mistake, ONE mistake, it has the potential to destroy you. You want to go have a few drinks with your friends at a happy hour that you might do only a few times a year? If you drive after drinking and get caught, that mistake will cost you thousands of dollars. Move through life being under-insured then make a mistake where that insurance is needed? You can go broke because you will be legally eaten alive in the court system. Marry the wrong person then get divorced? You will lose half your assets. Do you smoke? Are you addicted? You will eventually get cancer of some sort. Now you will be riddled with hospital bills, tests, and expensive medications leading ultimately to bankruptcy and/or death. The list goes on and on. I don't subscribe to living in paranoia, but making correctly defined decisions is really the key to living a sustainable and fulfilling life.
@schoolnyc
@schoolnyc 3 ай бұрын
Insurance insurance insurance -Good lawyers and prenup. OJ had whole life insurance, can’t be touched even through it pays a lower dividend, and you can borrow off policy.
@rodschmidt8952
@rodschmidt8952 3 ай бұрын
You specify the United States. Is there any system anywhere, where important mistakes do not have grave consequences?
@BRichard312
@BRichard312 3 ай бұрын
@@rodschmidt8952 in a liberally run government mistakes do not have consequences. In parts of California today, stealing, for example, is not being punished.
@BRichard312
@BRichard312 3 ай бұрын
@@rodschmidt8952 The principle point being made is that the United States has built a system that preys on social mistakes having been made. It's not that there are not typically consequences to mistakes, it's the parasitic impact that has been socially and economically connected to said mistakes. Such a system has a tendency to alienate people from their government and each other.
@dq7143
@dq7143 2 ай бұрын
Get's you to wonder where hell is located.
@silverechohawk5315
@silverechohawk5315 3 ай бұрын
Why not have the LLC buy the properties to save transfer fees AND never show a public record of ownership with the individual’s name? Skip buying in your own name? Also, which states disallow judgment renewals?
@zonk1477
@zonk1477 2 ай бұрын
I have heard there are issues getting a mortgage and other things as an LLC. So I assume people buy it in there name. And the bank resells your loans 100s of times so you quietly change the property over to the LLC. They won't notice it's only an issue if you tell the bank they get all weird about it.
@murphthesurf3409
@murphthesurf3409 2 ай бұрын
For not much money, you can get an umbrella policy that will increase liability limits substantially on all your policies.
@donovantobs
@donovantobs 2 ай бұрын
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
@Monicamonasky-
@Monicamonasky- 2 ай бұрын
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
@rachelonigirl
@rachelonigirl 2 ай бұрын
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
@Jamesjerome0
@Jamesjerome0 2 ай бұрын
Can you please talk moire about your Financial Advisor?
@rachelonigirl
@rachelonigirl 2 ай бұрын
*''TRUDY ELIZABETH STOUFFER''* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
@Jamesjerome0
@Jamesjerome0 2 ай бұрын
Thanks, I just googled her I'm really impressed with his credentials. I reached out to her since I need all the assistance I can get.
@jeffbrassard1268
@jeffbrassard1268 3 ай бұрын
Hi Ken - why wouldn’t you use an irrevocable trust to protect assets from personal liability lawsuits?
@MidnightOilsRestoration
@MidnightOilsRestoration 24 күн бұрын
This is what I was wondering also
@patrickanderson468
@patrickanderson468 Ай бұрын
Observing the market’s fluctuations highlights how fast things can shift. In this environment, strategic and informed trading isn’t optional-it’s essential. Caution is just as important as ambition. This commitment to ongoing learning is truly motivating. I’ve focused heavily on active trading, which offers a safer approach to navigating market volatility. Through this strategy, I’ve grown my nest egg from $87k to $246k. I’m especially thankful for Aldona Šabanienė’s tactics and strategies, which have been instrumental in my success.
@patrickanderson468
@patrickanderson468 Ай бұрын
She mostly interacts on Telegrams, using the user-name.
@patrickanderson468
@patrickanderson468 Ай бұрын
@AldonaSabaniene.
@Greennomad2024
@Greennomad2024 Ай бұрын
The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
@markvanbeek33
@markvanbeek33 Ай бұрын
Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.
@upanddowndownandup1
@upanddowndownandup1 Ай бұрын
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
@motrock93b
@motrock93b 3 ай бұрын
If a real estate property is transferred into an LLC in California, will it trigger a Prop 13 tax reassessment increase to current market value?
@paulbrungardt9823
@paulbrungardt9823 3 ай бұрын
Question : I live in Colorado, my attorney did not set up LLCs, he did it as TRUSTS. Does this provide the same protection as an LLC ?
@KikiAndJeffreyPearl
@KikiAndJeffreyPearl 3 ай бұрын
I had the same question
@Coast_to_Coast
@Coast_to_Coast 3 ай бұрын
It may depend on the type of trust, but generally no.
@paulbrungardt9823
@paulbrungardt9823 3 ай бұрын
@@Coast_to_Coast Thank you -- but please give details & your background in law __ Thank you, from Colorado.
@KikiAndJeffreyPearl
@KikiAndJeffreyPearl 3 ай бұрын
@@paulbrungardt9823 I think if it's a revocable trust it's not protected. I pulled this from the internet: "While trusts can protect assets from lawsuits, not every type of trust offers lawsuit protection. A revocable trust, such as a living trust, will not fill that bill. This is because creditors can step into our shoes and invoke your power of revocation. That is not the case with a properly drafted irrevocable trust." You should ask your attorney
@SheLoveSports
@SheLoveSports 3 ай бұрын
This is my question too
@venwin25
@venwin25 3 ай бұрын
LLC is good, but insurance is king. Without proper insurance, the corporate veil can be pierced.
@goosecouple
@goosecouple 3 ай бұрын
"Nobody is safe anymore. Not even Trump."
@dougg4633
@dougg4633 3 ай бұрын
What would you consider proper insurance? Umbrella?
@MauricioJRauld
@MauricioJRauld 3 ай бұрын
Insurance and veil are 2 different things BUT I agree that insurance is ALWAYS your first line of defense. And if there are no other assets in the LLC then yes, not having insuyrance can open you up to a pierce argument
@CarbOhHydrate
@CarbOhHydrate 3 ай бұрын
Trust is king - LLC is public vs business trust is private
@Thewealthwarehousepodcast
@Thewealthwarehousepodcast 3 ай бұрын
​@dougg4633 dividend paying whole life from a mutual company, designed for the banking function.
@mattheusser1390
@mattheusser1390 3 ай бұрын
This is bizarre. What rich person doesn't have an umbrella personal liability policy? Did this guy drive his car through a shopping mall or something? T-bone hit a bus?
@ryangierman4421
@ryangierman4421 3 ай бұрын
Yup. Most attorneys will just go after an easy and quick payout on the insurance and move on to the next easy payout. It is possible that one may decide to go for more but even then they can only put a lien on your property and can not collect if you don’t sell. Attorneys aren’t that patient
@schoolnyc
@schoolnyc 3 ай бұрын
I think Ken alluded to he was drunk- if so you are sunk
@Singlesix6
@Singlesix6 3 ай бұрын
From the drawing they were both on the wrong side of the road. Maybe they weren't in the U.S., maybe both roads were one way streets. Who knows
@Pdmc-vu5gj
@Pdmc-vu5gj 16 күн бұрын
Because the story isn't true
@Millerj2450
@Millerj2450 3 ай бұрын
Damn, so do you think it's best for us to focus on index funds or individual stocks? I want to redistribute my 60k portfolio and I preferably want the asset class with the best return on investment.
@Fred-w7t
@Fred-w7t 3 ай бұрын
Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.
@raymond-i2v
@raymond-i2v 3 ай бұрын
Sometimes I'm surprised most people don't even know they can do that. I've been making at least 200k every year from my investments by working with an FA. When you realise it, it feels like a life hack.
@raymond-i2v
@raymond-i2v 3 ай бұрын
Jessica Lee Horst is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
@7321janedou
@7321janedou 3 ай бұрын
@@raymond-i2v😂😂😂😂😂😂😂
@7321janedou
@7321janedou 3 ай бұрын
@SarahJeffy😅😅😅😅😅😅😅
@navajojohn9448
@navajojohn9448 3 ай бұрын
Not good if the owner of the LLC(s) is exposed to judgements since the LLC is his asset.
@Denniss7420
@Denniss7420 3 ай бұрын
An LLC is an entirely separate legal entity from its owners. The owners are partners.
@nickmcdonarld
@nickmcdonarld Ай бұрын
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Grace Miller for helping me achieve this
@johneliss
@johneliss Ай бұрын
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
@ClarenceFerland
@ClarenceFerland Ай бұрын
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
@anatolyivan
@anatolyivan Ай бұрын
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
@sarapalin
@sarapalin Ай бұрын
I'm new at this, please how can I reach her?
@HighlightsSerieATIM
@HighlightsSerieATIM Ай бұрын
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@Xtramedium1961
@Xtramedium1961 2 ай бұрын
In Europe the car insurance covers personal injury no limits, it’s illegal to drive without cover. Average cost $500 per annum same with house insurance
@Susanhartman.
@Susanhartman. Ай бұрын
So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am 56 no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!
@Grace.milburn
@Grace.milburn Ай бұрын
Just buy low sell high. Stick with a good company by either not selling when it’s going lower and/or buying more at that time. Almost always the good well managed companies will come back strong at some point. The other is to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@mikegarvey17
@mikegarvey17 Ай бұрын
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@mariaguerrero08
@mariaguerrero08 Ай бұрын
@@mikegarvey17Could you possibly recommend a CFA you've consulted with?
@mikegarvey17
@mikegarvey17 Ай бұрын
Her name is “Izella Annette Anderson” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@ThomasChai05
@ThomasChai05 Ай бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@thomasbetts01
@thomasbetts01 22 күн бұрын
Inflation is caused by the Federal government spending more than it earns, because they just print more money to make up the difference. To solve inflation, reduce wasteful government spending. Your tax dollars should be spent well, not poorly.
@ThePatrioticAmerican4L
@ThePatrioticAmerican4L 22 күн бұрын
I totally agree! It’s frustrating to see how government spending can lead to inflation, especially when they just print more money to cover the gaps. Cutting down on wasteful spending would definitely help ensure that our tax dollars are used more effectively. It’s all about being responsible with our resources.
@ANDYPADOVA
@ANDYPADOVA 22 күн бұрын
I hear you on that! It's really important to be mindful of how government spending impacts inflation. If you're looking for more insights on managing finances or investments, consulting with a CFA could be a great way to get professional advice tailored to your situation. They can really help navigate these complex issues
@theTeslaking
@theTeslaking 22 күн бұрын
I totally get what you’re saying! It’s so crucial to keep an eye on government spending and its effects on inflation. By the way, if you’re considering consulting a CFA, do you have someone in mind? I’d love to hear their name.
@ANDYPADOVA
@ANDYPADOVA 22 күн бұрын
Oh, nice! My CFA is Sharon Ann Meny. She's been really helpful in guiding me through my investment strategies. Have you worked with any CFAs before?
@theTeslaking
@theTeslaking 22 күн бұрын
Nah I haven’t. I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
@BirdDogey1
@BirdDogey1 2 ай бұрын
I have a friend who is an immigrant from Asia. He owns a multi million dollar home. He has several family members on his deed so his technical ownership is fairly small.
@Santamess
@Santamess 3 ай бұрын
The bank gave me personally the mortgage and won’t allow a transfer to an LLC who in essence is responsible for the mortgage. How do I get around that?
@willbass2869
@willbass2869 3 ай бұрын
Yeah....they didn't get too deep on this video. Not a lawyer......but it seems you would have to own the assets "free & clear" before putting it in a LLC. I can't imagine any mortgage provider willing to let YOU shield something they technically still have ownership interest in
@twintailsanimations4973
@twintailsanimations4973 Ай бұрын
Put it into a trust and they probably won't object. Just check first.
@emills1417
@emills1417 3 ай бұрын
I love your videos and advice that said, nobody is rich who lives in Mesa AZ. You can have a billion dollars but if your living in mesa you aint rich. Your infinite money glitch video is one of my favorites.
@cyyber1
@cyyber1 3 ай бұрын
As far as I know in Texas they can’t sue beyond the insurance limits unless there was gross negligence involved. Feel free to chime in.
@MyCents-pm6qd
@MyCents-pm6qd 3 ай бұрын
You are correct. I was hit in an accident and the other party admitted fault (in Texas). You are forced into a choice, take the insurance payment or sue the party. You cannot do both.
@cyyber1
@cyyber1 3 ай бұрын
@@MyCents-pm6qd good to know thanks
@lonewolf4252
@lonewolf4252 16 күн бұрын
What about a Customer facing LLC, owned by a holding company that holds deed etc? Placed into a trust? Plus proper accounts for receiving rents, IRS acct for taxes, account for expenses, etc? Muscle car in trust?
@MiraSayam-g2v
@MiraSayam-g2v 3 ай бұрын
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
@pomp4401
@pomp4401 3 ай бұрын
It's still BS
@joeshmoe9978
@joeshmoe9978 3 ай бұрын
🚨spam alert🚨
@uselessvideo
@uselessvideo 3 ай бұрын
Bot. Don’t b fooled. Stay away.
@davedashow2203
@davedashow2203 2 ай бұрын
The Bible is far greater.
@captainchaos52
@captainchaos52 Ай бұрын
​@davedashow2203 there are 10 laws in the Word and I'm not talking about the 1
@Veronica-vt9tp
@Veronica-vt9tp 27 күн бұрын
Recently divorced, no debt, paid house, no kids. Do I need an LLC, I’m 67?
@ngana8755
@ngana8755 3 ай бұрын
<a href="#" class="seekto" data-time="450">7:30</a> min: create an LLC then transfer the title from your name to the LLC.
@hermanmills5455
@hermanmills5455 3 ай бұрын
in australia if the asset is in a trust you pay way more CGT than if it was owned in your own name.
@Helen_white1
@Helen_white1 2 ай бұрын
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
@Thompson-e7h
@Thompson-e7h 2 ай бұрын
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
@DhanaPayar
@DhanaPayar 2 ай бұрын
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@Kin-28-8
@Kin-28-8 2 ай бұрын
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
@DhanaPayar
@DhanaPayar 2 ай бұрын
I definitely share your sentiment about these firms. Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@philipe6293
@philipe6293 28 күн бұрын
Don’t forget that if you start an LLC there are periodic Secretary of State filings you must do as well as special IRS filings.
@balirameditor7000
@balirameditor7000 3 ай бұрын
Wow, I'm impressed with this video! Talk about Cryptonica in your next one, I've been providing liquidity for several months and everything is great. I'm interested in your opinion.
@matthewferraro4329
@matthewferraro4329 17 күн бұрын
Many thanks, Kenny. This is invaluable info!
@shawnmichael8866
@shawnmichael8866 3 ай бұрын
Your buddy ran a red light and caused damage and injury to others? Now you are explaining how to avoid being held fiscally responsible for those damages that were his fault? You're AWESOME. Teach people how to get away with causing harm. Very good!
@trustno1167
@trustno1167 3 ай бұрын
No,he is showing how to PROTECT yourself from money grubbing,over jealous ,rapeing lawyers.
@ballinout92
@ballinout92 3 ай бұрын
The lawyers will go beyond a million dollar insurance policy. They will try and take your whole life away
@SweetPotatoesBlackStyle25
@SweetPotatoesBlackStyle25 3 ай бұрын
💯​@@ballinout92
@plannerjoy
@plannerjoy 3 ай бұрын
It’s called protecting yourself.
@shawnmichael8866
@shawnmichael8866 3 ай бұрын
@@plannerjoy from being held accountable for your negligence and reckless behavior. But if you were the victim...... it would be different.
@TapioSusi
@TapioSusi 13 күн бұрын
Real wealth is measured in spirit, Glory to my Rod!
@muhc8550
@muhc8550 3 ай бұрын
This looks so much like a multi - level presentation
@sircarl56
@sircarl56 26 күн бұрын
The courts generally require you to disclose all your assets when you’re being sued (unrelated to any single property). How can LLC’s protect from that? And what about assets held in a trust?
@arinasan247
@arinasan247 3 ай бұрын
So what's he is basically saying is that it's okay to permanently injure someone and not compensate them properly. That's just sick. Protecting ones money and not paying ones appropriate bills for harming someone are two very different things. This guy needs a lesson in morals
@knowthyself9791
@knowthyself9791 2 ай бұрын
Yes. It’s brilliant… only lawyers get rich❤thank me later 👍
@EnFuego79
@EnFuego79 2 ай бұрын
You need a lesson in logic... namely the F-ton of self righteous assumptions you are making without knowing any details and ignoring the massive amount of corruption the lawyers, courts, and insurance companies participate in.
@michellejennings3232
@michellejennings3232 17 күн бұрын
Not everybody who gets hit by law breakers looks for riches. Many lose their homes and livelihoods to these " protected " people. Have some morals.....
@michaelpence468
@michaelpence468 2 ай бұрын
Umbrella liability policy. Won’t cost much if you combine home, auto, umbrella with same carrier. This is just a commercial for attorneys.
@jimross2101
@jimross2101 3 ай бұрын
Au contraire, your LLC will not protect your personal assets if you are sued for neglect.
@JNHEscapes
@JNHEscapes 3 ай бұрын
Couple of things: if you’re a simple person with a couple of LLC’s holding real estate or whatever…you’re still exposed. Any decent attorney will attempt and probably succeed in jumping the “corporate vail”. It will be obvious as to what you’re doing. Also, if you already have millions in investments and own nothing else (such as myself) then “moving” the investments to an LLC creates all sorts of tax issues. Having LLC’s is not a guaranteed solution for liability exposure. It might help, but if you run through a bus full of children you’re screwed.
@kt6332
@kt6332 3 ай бұрын
So be rich, own nothing so you can hurt people and ruin their lives and not pay for the damages you inflicted! Such good humans!
@ceacea364
@ceacea364 3 ай бұрын
Why isn’t the advisor recommending Land trusts for each property? (which are held in LLCs)
@ewinslow822
@ewinslow822 3 ай бұрын
Nothing says "scumbag" quite like "how to avoid paying people when you hurt them." My most charitable interpretation is "If you hurt someone, you need to make it right, but people can get greedy. Don't make it easy for them to seek *unreasonable* damages..."
@O1012-u7q
@O1012-u7q 3 ай бұрын
I agree with you in principle, but the fact that states frequently don’t require more than $15k in auto liability insurance, makes this asymmetric. Why should only wealthy people be responsible? If we as a society believe in this level of responsibility, minimum liability insurance should be at least $500k.
@TRUTHandLIGHT4809
@TRUTHandLIGHT4809 2 ай бұрын
Lawyers get to keep 40% of the take. They chase money. You need to make sure they cannot grape you
@rvanbeau2009
@rvanbeau2009 18 күн бұрын
Transferring a house title means it has to be paid off and it triggers a sale and capital gains right?
@ying2305
@ying2305 Ай бұрын
Most loan companies do not take a LLC as an owner and require the borrower to provide personal guarantee. Any personal guarantee would enable "piercing the veil". What is your recommendation for taking a loan for such a real estate property and putting it in an LLC? Greatly appreciate your help on this.
@mydressmemos
@mydressmemos 23 күн бұрын
These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I've got $110k set aside to put in the market.
@LUCIASMITH-d1z
@LUCIASMITH-d1z 23 күн бұрын
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession-influenced market, but to the best of my knowledge, it was through an F.A
@DoubleMaduagwu
@DoubleMaduagwu 3 ай бұрын
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
@DonaldMark-ne7se
@DonaldMark-ne7se 3 ай бұрын
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
@kevinmarten
@kevinmarten 3 ай бұрын
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
@Jamessmith-12
@Jamessmith-12 3 ай бұрын
I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
@JacquelinePerrira
@JacquelinePerrira 3 ай бұрын
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
@JacquelinePerrira
@JacquelinePerrira 3 ай бұрын
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
@INTERNETVID
@INTERNETVID 3 ай бұрын
Will using the same LLC for several properties but deeding each one with separate d.b.a.'s afford the same asset protection as wholly separate LLC's?
@diegocorrea1491
@diegocorrea1491 3 ай бұрын
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
@phitruong4463
@phitruong4463 3 ай бұрын
Will the transfer of a rental home from a personal ownership to LLC trigger property tax?
@russsmith2774
@russsmith2774 3 ай бұрын
So I'm supposed to feel sorry for the rich guy that ran a red light, hit another driver causing both property damage and personal injury because he wasn't adequately insured? I'm supposed to think the right outcome would be the victim had to pay all the extra costs because your friends assets were "protected?" WTF?
@curtmetheny6520
@curtmetheny6520 2 ай бұрын
Yes! so start investing now!
@ougmass
@ougmass 3 ай бұрын
.Thank you for this But, the creditors can still seize shares, parts, or interest of the judgement debtor in the LLC. And the creditors will own the LLC to the extend of their debt or part of it depending on the value of the debtor's equity in the LLC. Normally, after the final judgement, the judgement debtor will be interrogated under oath. This is in addition to the creditors private investigation regarding the existence of the legally seizable assets, their location, and market value.before pursuing further enforcement proceedings.
@alfredohernandez358
@alfredohernandez358 3 ай бұрын
Does anyone know if your properties are protected if they are in a living trust?
@nextari
@nextari Ай бұрын
Unless you're in CA, an LLC costs about $50-$100 to create in 5 minutes, and $10-$50 annually to maintain. In what case would you not want a unique LLC for each asset?
@tabbott429
@tabbott429 3 ай бұрын
In other words dont cause harm to others so they want to sue you and definitely dont run red lights causing an accident. Otherwise very helpful video.
@shawnmichael8866
@shawnmichael8866 3 ай бұрын
Exactly. The best way not to get sued is don't do harm.
@koldcutter1
@koldcutter1 18 күн бұрын
Ok HUGE IMPORTANT FACTOR read your mortgage or deed of trust for a due on transfer clause before you transfer your house to the LLC. Your lender lent to you and not your LLC. That transfer could trigger that clause and your lender could demand the full repayment of the loan. The rate on a home loan with personal guarantees is much much higher.
@Additional329
@Additional329 3 ай бұрын
How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards
@MichaelKennedy-gq6xp
@MichaelKennedy-gq6xp 3 ай бұрын
>I suggest miss Nancy William's Laplace is extremely good on that.. She is really good on what she does, now I can pay so many bills because of her help.
@ParmeliaJohnson
@ParmeliaJohnson 3 ай бұрын
>>The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
@Ricroaming
@Ricroaming 3 ай бұрын
🥳This is correct, Nancy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
@Additional329
@Additional329 3 ай бұрын
Please how can I reach out to her easily?
@MichaelKennedy-gq6xp
@MichaelKennedy-gq6xp 3 ай бұрын
She's mostly on Telegrams, using the user name
@neo36
@neo36 Ай бұрын
How do you put assets you have mortgages on in an LLC? Most banks won't let you do a quit claim
@michaelm1105
@michaelm1105 3 ай бұрын
A little deceptive, you do own assets and investments but they are protected behind LLC and trusts. But you still control these assets and you still paid for them and will collect the sales income once sold.
@makinmuzic456
@makinmuzic456 2 ай бұрын
Legally you don't own them, you don't get it.
@michaelm1105
@michaelm1105 2 ай бұрын
@@makinmuzic456 if you have control over those assets and can purchase other items with those assets those assets are yours to do with as you please. Stop playing on words. If you do not own(control) those assets as stated in the video then you can’t use them for your gain/purchases.
@makinmuzic456
@makinmuzic456 2 ай бұрын
@michaelm1105 it's cool, my friend. You don't fully understand the game. You will one day, though. Study corporation and business law.
@michaelm1105
@michaelm1105 2 ай бұрын
@@makinmuzic456 I understand fully. By law you control the assets and funds even though they are not in your name. By normal definition the wording is deceptive.
@mbrowning4028
@mbrowning4028 18 күн бұрын
What about properties that are mortgaged? Can they be transferred to an LLC without any impact to existing mortgages pr other financing?
@AstaKristjan
@AstaKristjan 3 ай бұрын
I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?
@LarsBergstrom-uh2eu
@LarsBergstrom-uh2eu 3 ай бұрын
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
@ctcv-to8kq
@ctcv-to8kq 3 ай бұрын
I can't answer your question but I did want to say "good for you" because you, at 27, are so much further down to the road to financial security than the vast majority of your peers. Way to go!
@Segurasbusiness
@Segurasbusiness 2 ай бұрын
<a href="#" class="seekto" data-time="300">5:00</a> <a href="#" class="seekto" data-time="450">7:30</a> <a href="#" class="seekto" data-time="495">8:15</a> <a href="#" class="seekto" data-time="540">9:00</a> <a href="#" class="seekto" data-time="637">10:37</a> <a href="#" class="seekto" data-time="678">11:18</a> <a href="#" class="seekto" data-time="732">12:12</a>
@alfred5454
@alfred5454 3 ай бұрын
Informative video but there is a sad flip side to this. Bottom line is you are avoiding responsibility. This video can be titled: how to get away with ruining other people's lives without ruining your own.
@bearsouthof6086
@bearsouthof6086 2 ай бұрын
The sad reality is that many unfounded lawsuits are used by individuals as today's lottery. Frivolous claims made on previous health issues takes money away from the hard income earners.
@JR79511
@JR79511 3 ай бұрын
I appreciate your help Mr. McElroy.
@PeterSayer238
@PeterSayer238 3 ай бұрын
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Adriana Jensen, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
@MichaelGiangregorio_01
@MichaelGiangregorio_01 3 ай бұрын
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate
@JimCollins-h2u
@JimCollins-h2u 3 ай бұрын
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
@ErikaOrenday-k4d
@ErikaOrenday-k4d 3 ай бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@BenHardyy
@BenHardyy 3 ай бұрын
It really helped trading with Adriana Jensen analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
@Madi__Campbell-p3l
@Madi__Campbell-p3l 3 ай бұрын
I read about her too on the website. That is how I get connected to her. Thanks for putting this down here
@LP-gs3xj
@LP-gs3xj Ай бұрын
What about setting up an LLC offshore and put state LLCs in the offshore LLC?
@michael2275
@michael2275 3 ай бұрын
Best thing normal people can do is get a $2M+ liability insurance on their vehicles.
@quartamile
@quartamile Ай бұрын
Is a trust that owns all assets and a life insurance policy better than just an LLC? Thanks
@Rosario-e2i
@Rosario-e2i 3 ай бұрын
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️
@Doucette-ju3hb
@Doucette-ju3hb 3 ай бұрын
Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
@Asad-qs4ji
@Asad-qs4ji 3 ай бұрын
Hi that's good you have idea &share to those who deserve it that's great god bless🙏🙏
@abhishek-prazapati
@abhishek-prazapati 3 ай бұрын
In The Case of Rental Properties Series LLC is good. Create Different LLC required lots of Paperworks and cost high. Thanks Ken , i Shared your video in my network.👍
@KuramaUchiha-id1ow
@KuramaUchiha-id1ow 3 ай бұрын
I love the grounded reality of this channel!! *Retirement took a toll on my finances, but I really thank God without relying on the government my involvement in the digital market, $47,000 weekly returns has been life changing.* AWESOME GOD❤️
@KuramaUchiha-id1ow
@KuramaUchiha-id1ow 3 ай бұрын
I now own a new house and my family is happy once again everything is finally falling into place!!
@marcosvg90
@marcosvg90 3 ай бұрын
Hello how do you make such from the digital market weekly?? I feel so down of myself because of low finance.
@KuramaUchiha-id1ow
@KuramaUchiha-id1ow 3 ай бұрын
@@marcosvg90Maria Angelina Alexander I really appreciate her efforts and transparency.
@KuramaUchiha-id1ow
@KuramaUchiha-id1ow 3 ай бұрын
God has used her to save so many families. I remember when I met her at the bank, she was indeed a good woman.
@KuramaUchiha-id1ow
@KuramaUchiha-id1ow 3 ай бұрын
Giving her my initial savings of $15,000 to invest in a brokerage account was a turning point in my life less 7days. It's been an incredibly rewarding experience.
@Thewealthwarehousepodcast
@Thewealthwarehousepodcast 3 ай бұрын
Love this content. We always encourage people to be well insured. People who say "im self insured" are just saying, "im going withput insurance." It just doesn't make sense.
@sarahmark7682
@sarahmark7682 3 ай бұрын
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
@laurawilliams713
@laurawilliams713 3 ай бұрын
I'm 37 and have been looking for ways to be successful, please how??
@sarahmark7682
@sarahmark7682 3 ай бұрын
Sure, the investment-advisor that guides me is..
@sarahmark7682
@sarahmark7682 3 ай бұрын
Elizabeth stark
@freddiearthur2151
@freddiearthur2151 3 ай бұрын
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
@parkereric6397
@parkereric6397 3 ай бұрын
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
@KennedyVerbruggen
@KennedyVerbruggen Ай бұрын
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
@Tanner-c2m
@Tanner-c2m Ай бұрын
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
@vanessahopkins-g5y
@vanessahopkins-g5y Ай бұрын
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
@SavannahMitchell-b3d
@SavannahMitchell-b3d Ай бұрын
I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
@vanessahopkins-g5y
@vanessahopkins-g5y Ай бұрын
REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Equity Services inc. She’s quite known in her field, look-her up.
@firefighter-i6q
@firefighter-i6q Ай бұрын
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
@ramilgarcia1744
@ramilgarcia1744 Ай бұрын
I'm always learning new things from you. Thank you
@cruiz526
@cruiz526 25 күн бұрын
Can you transfer the title if the property is not yet paid off?
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