INCOME is NOT CREATED EQUALLY

Рет қаралды 10,719

3 ай бұрын

RELYING TOO MUCH ON ONE FLOW OF INCOME IS DANGEROUS.
The truth is that any of these capital sources could be shut off at any time…
You could lose your job…
The stock market may turn…
Or, the banks may go under.
Real financial freedom comes from understanding all types of income and using all of them to their full potential.
Learn them all and be great.
#money #motivation #success

Пікірлер: 34

@ThePuttercross 3 ай бұрын

K1 is simply a dividend paid out by a partnership or limited partnership. If you have a W2 income your K1 will be taxed at your additive income rate. The way the wealthiest people do not pay a high percentage in taxes (the wealthiest 10% in the United States pay 74% of the total tax collected, by the way) is because they have hundreds of millions or billions of dollars in investments and simply take out loans against those assets. They never realize those assets so they do not have to pay taxes on the gains. Depending on the volatility of the investment banks will often loan 10-50% of the invested sum and the extremely wealthy use this money to live, tax free. They do have to pay interest on these loans but this was very beneficial when interest rates were at 2-3%.

@robmerrylees7281 3 ай бұрын

Uncle G . Brilliant.🙏

@dantweeton 3 ай бұрын

All great points, but I would highlight K1s can take advantage of depreciation to offset the taxes on distributions, which is not the case for a dividend paid out by a REIT.

@GeoCordoba 3 ай бұрын

Great information thank you!

@frankelse745 3 ай бұрын

Good

@tomiokagiyuu1730 3 ай бұрын

GC is a living legend

@martinmorris1197 3 ай бұрын

KEEP giving the money tips

@MatthiasBalling 3 ай бұрын

on point my friend!

@olgajimenez3713 3 ай бұрын

Thanks

@victrillionz 3 ай бұрын

I'm learning Daddy 🙌🔥

@th7297 3 ай бұрын

The most common issue is no leverage. So whatever provides some kind of leverage is better than earned income which is created by your time in exchange of money. For a common employee, this is really difficult. I am not doing Real Estate, I own two companies, this provides good leverage. But I can imagine that your Real Estate focus is a good option for normal employees as well.

@aselfieb 3 ай бұрын

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

@jamesliamedward5915 3 ай бұрын

Wow! Kind of in shock you mentioned expert,elizabeth ann graney. what a coincidence!!

@WilliaSmith232 3 ай бұрын

I have heard a lot of wonderful things about Elizabeth Ann on the news but didn't believe it until now. I'm definitely trying her out...

@TreyStarkey434 3 ай бұрын

Such a genuine personality!, Sincerely speaking.

@wangjie5635 3 ай бұрын

I use to work 3 jobs, full time at Walmart, a server at night and Lyft on the weekend, untill Elizabeth Ann graney change my story.

@noahwilliam1288 3 ай бұрын

How can I get In touch with her????

@adventago 3 ай бұрын

Sadly, even a job is not as secure as it once was, especially these days!!!

@ResearchingOnYoutube 3 ай бұрын

😨SERIOUSLY THOUGH! With high market values and relatively high interest rates, how would a first time real estate investment buyer compete with local rental prices that are most likely going to be much lower than what the mortgage alone would be on the investment property?

@kleinkbkayb5369 3 ай бұрын

It is more profitable to be a go-giver rather than a go-getter. #Success

@lesahenderson7365 3 ай бұрын

K1…. This is game changing information! Thank you. ❤

@brenroko3649 3 ай бұрын

You ever stop and think, tgat if it was so successful , he would just do it himself, and not charge people tens of thousands of dollars in seminars ?

@lesahenderson7365 3 ай бұрын

@@brenroko3649 Yes, I have. I realized that if I were in a similar position, I would continue earning money being successful AND earn even more money teaching others my techniques. After all, there’s enough money to lift up others, as I climb. ALSO, I have stopped to wonder WHY someone would waste time in the comment section to discourage others against SIMPLE information⁉️. Have you been defrauded by GC❓. If so, Please let me know! Here, we are just being given information. If you’ve been cheated though, that would be pertinent information.

@phonefamoustv7930 3 ай бұрын

Interesting how all black people are in one group but Asians are not. Black immigrants like Nigerians, Ghanaians, Jamaicans, Bahamians average more than $36K lol. Great video overall, goes to show you it's not about race, it's about mindset and culture. Well done Uncle G.