How To Build Wealth In 3 Steps

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In episode 231 we discuss the most important and fundamental principles of building wealth through the cash flows of 3 different households.
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[@JosephCarlsonShow]

USEFUL INFO: If you like this type of content and want to join a community of like-minded investors, you can check out the Patreon. It's risk-free and offers a free trial period. It also includes Qualtrim, a suite of software that helps do analysis on stocks. You can join here: www.patreon.com/josephcarlson Here's my current portfolio: m1finance.8bxp97.net/mgb1Xq I have another KZbin channel that's more podcast style, you can check it out here: kzbin.info/door/fCT7SSFEWyG4th9ZmaGYqQ Also, ignore bots pretending to be me. Literally the only thing I "sell" is my Patreon, that's it.

[@Clixlol]

Seen every video since start. Very educational and interesting

[@JosephCarlsonShow]

@@Clixlol appreciate you being around for that long!

[@GarciaCapital]

I’ve seen tons of your videos, this one is my favorite one by far. Thank you!

[@borjan978]

I followed you since 2019, and much appreciated every video you posted. Thank you for your honesty and common sense.

[@jamesgallant1690]

Hi Joseph, does qualtrim just cover large cap US stocks or have a global reach? I'm based in the UK so wouldn't mind looking into British companies using qualtrim. Thanks

[@menumlor9365]

Fun fact: people will say “it’s just 3 simple steps” What they won’t say is each steps are very long. Like 1-5 years per steps long. But don’t let that discourage you. Joseph is a prime example.

[@dogelife7901]

Not really. Most of his gains come from his job and/or this channel. If you want to make money you need a high income, period. Most people making

[@michaeloneillire]

Absolutely. We started with steps like this a few years ago and its showing results now. My last car was a new car that I bought on finance, we changed our phones every year etc. Myself and my missus changed our habits and now we put a much as possible reach month into this system as its compounding and we can see early retirement beckoning in a few years.

[@verb0ze]

​@@dogelife7901 sure, if they want to move from a $20/hr lifestyle to a $100/yr lifestyle, maybe. But if they keep things relative and don't do lifestyle creep, it shouldn't take 50 years, consistent investing for 15-20 years will get them to a good place where their return can start supplementing or even replacing their earned income. If they get to invest $2 of that 20 consistently, sure. Also, Joseph's KZbin IS passive income. He put in effort on the frontend, but the residual income coming from this videos over time require little additional work. Passive income is not simply dividends.

[@luxurybuzz3681]

​@dogelife7901 Get the $20/hrs job. Live with parents. Save half the income. Down payment on home for a little more than $10k. Rent home out. You can get financial free in a couple to a few years

[@xaldath4265]

​@dogelife7901 Notice he effectively started the video by saying you need to increase your income? He's not wrong. You can become wealthy on a low income, but you'll live a meager life the entire time. Fine if that's what you are comfortable with, but if you ever want to retire younger than "expected", you need more income to invest.

[@WalidFeghali]

What's up with all the "step 1. get a YT channel, step 2. use YT money to fund portfolio" comments? Are people really that ignorant and jealous? It completely misses the point. Yes Joe makes money from YT, Patreon, etc., + his other jobs, but look at what he does with that income. He started with a couple k from his old job, got better pay and created side ventures and kept investing all income in smart ways. He then explains to us why he invests it in a very transparent way down to each penny, and shares so much valuable information with the community. Learn from him instead of bashing on his success. I suppose this is Darwinism as well; the ones who are bound to fail only have criticism and see the world through a straw.

[@juanuribe6917]

I know a lot of people with this type of attitude. Sad.

[@cincausoya]

People dont realise that doing KZbin also require skills. Video editing and script writing are both good paying jobs outside the KZbin space.

[@faishalreza8220]

No wonder there are lot more unsuccessful person as a result

[@djramz3]

Well said 👏

[@frstchan]

True. But I understand why people say these things. Because for someone with a 9-5 job with an average salary, it DOES feel very misleading to watch youtube videos where they are able to put in "unrealistic" amounts of money. The growth (in dollars) then also becomes "unrealistic". I think people would like to see something "truly realistic" once in a while and not "fantasy numbers".

[@felixvargasjr6678]

Great Vid! My first dividend check was .89 cents from Home Depot and I was so excited because I didn’t have to clock in for that. Yea, it’s only 89 cents but to me it was the start of me becoming wealthy as you state in your video. I still have my 2014 Altima with no radio and one rim cap missing while all my friend are buying new cars and going out every weekend. Me and my fiancé have been blessed to stay downstairs of her parents house and contribute only $500 a month while we both combined make 6 figures. Our friends are renting condos at all time highs. We’re investing 70% of our money a year. We’re on a mission to change our family tree and build generational wealth.

[@cutlaztv7236]

Same I have .12 cents from dividend and it just feels good. Also you commented 2 years ago. If you don’t mind sharing how would you say things are paying off? Reason I ask is I have a couple shares of micron and I lost 16% of my investment and it’s still falling. I’m wanting to hold on for a couple years but looking at this everyday is scary lol

[@Ash-me]

I dont usually comment but i really enjoy your perspective in investing and the transparency compared to other youtube investors! Every video I learn something new, thanks Joseph!

[@lizandro7728]

Started investing back Dec 2019, I currently make $32k/yr while I finish up college and got my account up to $18k+ 🙏

[@simonalcroft7897]

That’s great! Well done!

[@RCPhotosVideos]

In the past 3 years I have gone from $25 an hour (Internship after college) and now in 2022 I am at 105k. I am moving more and more money into assets. But its scary to think about buying a second property (rental home), maybe in a few more years. It is really cool to see my M1 account paying back dividends, I started shortly after you made that first video with 100$.

[@verb0ze]

This generation is actually very lucky. Thanks to social media, this information is readily available, and the tools exist to easily get started. In past generations, you had to be privileged to get access to this info (either wealthy parents or good school), and access to investing wasn't as easy. Folks don't realize what a huge advantage it is to be able to start investing right out of college or even before! Keep it up!

[@sonnygL7]

By far one of the best videos that is detailed enough but not to much info where it becomes overwhelming. I'm not stock invested but find these videos super interesting.

[@Zulanderr]

I 100% agree with your take on cars. Cost of maintenance and tax, insurance just to “own” a car is at least $220+ per month. Unless I need the car every day or at least 3+ days per week, only beyond that does it even start to become cheaper to own vs renting/car sharing. Bicycles all the way for me !

[@Susanhartman.]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity

[@ThomasChai05]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@mariaguerrero08]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

[@mikegarvey17]

@@mariaguerrero08Could you possibly recommend a CFA you've consulted with?

[@mariaguerrero08]

My CFA ’Izella Annette Anderson’ , 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.

[@Grace.milburn]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@wingle9070]

This should be required viewing in high schools. Amazing stuff!

[@cashflow68]

I agree, but the majority of high schoolers don't have the mindset at this time. There are other interests. I wasn't interested until I reached the mid 30's when life acutally began. All the subjects I took in high school didn't interest me at the time. By now, its becoming very interesting.

[@gutreality]

100% agree

[@standavid1828]

Excellent reminder. In my opinion this is the best financial education you tube site. Thank you.

[@AntonioInvests]

I love buying assets every week 😁

[@theoking1712]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts even in a down trend, with the right skills and proper understanding of how the market works.

[@tonisanchez7404]

"Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." - Carlos Slim Helu

[@loganjackson8515]

You’re so right. I know because my advisor is able to find so many good plays. My portfolio literally went from $600k to $1.4m last year(not counting the withdrawals I made). all really exciting. I guess it’s the experience and better judgement.

[@loganjackson8515]

Camille Anne Hector is her name. She's quite known and has got a website. So, you can check her out online and subsequently contact from there.

[@elijahethan1699]

@@loganjackson8515 does her services extend to someone like me that lives in Australia although I mainly invest in the USA market. I am keen to advance my portfolio a little further with her expertise!

[@shawncarr815]

@@loganjackson8515 Wow I know her, I joined her program just a couple months back.! She obviously brings a lot of experience in trading to the table but more importantly I think she is a tough person in an industry that demands clairvoyance.

[@arigutman]

Brace yourself for the esoteric wealth formula everyone wants but fails to deploy: Patience + Consistency = Wealth. It really is that simple. It pays to be paytient if you will in that we need to ditch the get rich by Tuesday mindset while consistently building solid position with quality investments.. Never spreading ourselves too thin! Great video, keep it up!

[@nickblankvoort]

This is by far your best video ever. Hands down. Shared it on my Instagram page as it's the best what I can do to support you. Thank you so much for making all this great content, I love it!

[@markhagerman3072]

An excellent exposition. I'd like to point out an additional factor. As more people build up to true wealth, some of them will choose to drop out of the job market. This will create pressure on employers, who will have to bid up the wages paid to employees. Over time, this will make it less difficult for more people to make the shift from bare survival to continually accelerating wealth.

[@AntonioInvests]

Great way to start the weekend 😎. Passive income is the best.

[@jsdoogie]

I know what you present isn't "sexy", but I really don't know why you don't have at least double the amount of subscribers you have. Consistent, great information. Thank you.

[@vivianbrown7264]

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health.

[@georgeharold3317]

I’m not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turned out lucrative for me.

[@ameliagarcia3485]

The market is so volatile now to be depending on bull run to make profit,I advice everyone to trade now with a working program with like that of Kathy Genelle Britton so far she is helping me find investment that has significant growth potential.

[@emilydavis8321]

The market is constantly evolving with newfeatures,trading,opportunities,financial swings with sudden surprises around every corner the best thing is to stay in touch with a professional

[@sophiamiller2682]

I made the regret of my life tracking this volatile market without a risk management system and now it’s been red after red. I would love to get guidance considering how bad I have messed up my portfolio

[@stephenwalters2605]

Interesting I'm also a subscriber of Kathy’s signals and if I were to rate her accuracy, I would say perfect 👌, she has the best trading {ROI}.She is a regulated broker so she is very much accessible to the public, just search her full name online, check out her website for information concerning her services, then mail her for guidance.

[@NolanGouveia]

Just bought my first rental property that I’m going to turn in to an Airbnb! Been all about stocks, crypto, and businesses up until now so I’m excited to share the journey on my KZbin channel with you guys!

[@poincareconjecture5651]

Lol...even Professor G came to listen in😅...big fan of yours boss

[@thecapone45]

Loved it! Videos like this help keep me focused and realigned in my goals- even if I already know most of this.

[@JackDuffley]

Basically every useful financial strategy boils down to spending less than you make 💸

[@Zulanderr]

Thats the basic truth. It gets more difficult to see when there are people who make money by virtue of having large and fast moving cashflows, so people forget such basics to begin with.

[@tlmoneyandfinance1361]

but you also have to figure out how to make more.. its hand and hand... I think most people think you have to make oodles more but you don't, just enough to where you can at least sock away $20k a year in an asset like Dividend Stocks... it's not a get rich quick scheme but in 20+ years, 20K a year with even just a 6% annual ROI + 3% Dividend will be near $1Mill and that's not counting increasing your savings by just $1K a year even after the first 5 years. It's boring, it's not sexy and it takes a LOT of discipline so very few ppl want to do it.

[@M0ebius]

That’s half the equation. The other half is buy assets instead of liabilities.

[@Duke_of_Prunes]

@@M0ebius Exactly. I bought stocks and real-estate. At age 56, I still drive an old, worn out vehicle.

[@clicgear100]

One of your best videos yet. Laser focus has been my outlook for 7 years now. It’s working.

[@jamesgallant1690]

Fantastic video Joseph. Puts alot things into perspective 👊🏾

[@VictorFerry]

Thanks, very motivating.

[@kenspeakss]

I started working at Amazon part time while working a regular full time job.. Every dollar made at Amazon goes to a savings account. From there, I direct those funds to an individual investment account, Roth IRA, and a Emergency Savings account. The line is steadily increasing in value. Wish I would’ve done this earlier.

[@georgesoto4889]

I want to open an Roth IRA < I have funds but I not sure were to go or who to see to open an account. Can you give me some tips or point me to the right direction. Thank you

[@kenspeakss]

@@georgesoto4889 I use fidelity. They seem to have many options. Some that I didn’t mention and it’s easy to get started.

[@kenspeakss]

@@georgesoto4889 keep listening to Joseph Carlson. Tons of valuable info on his channel.

[@cynthiaford3302]

Thank you for your videos. I've only watched a few so far. Once I found your channel and saw your first video and the little amount you started with, I knew I could do it. For the first time in my 54 years on earth, I started investing in drips. I didn't understand investing so I avoided it but now I've placed my money into what I do understand. Your videos have inspired me to get started. I've even sent the link to my children so that they can get started earlier than I did.

[@SwingingInTheHood]

Ditto. I didn't start until this year, at 69 years of age. I also just started with businesses I understood and growth paths I could define and explain. In just a few months with only a small investment so far, I've seen significant growth. More importantly, I'm establishing a pattern, a lifestyle, of wealth building habits that I wish I had adopted 40 years ago.

[@unitedpvp1372]

Can you please make a video about growth etfs vs dividend etfs? I know you own both in your portfolio! Thanks!! Great content as usual.

[@jenniferg3251]

Just wanted to say I've been watching since 2019. Not the very beginning but close. It's been inspiring to watch your journey.

[@patrickandrew8374]

Awesome! your potential seems timeless.* Understanding your financial needs and chalking out a plan remains the smart way to prepare for the unexpected. 11yrs in investing space and extremely pleased with the decision I made.The good news is - it’s not too late.

[@marialee1565]

Congrats! I'm fascinated with investing, as a single mum and juggling all these things are quite difficult. Invested $ in few sectors but haven't seen any profit yet. Do you think I'm missing out something?

[@patrickandrew8374]

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional, I invest with (BRIAN FRANCIS PEARCE) a widely known consultant.

[@marialee1565]

wow interesting! please how do I connect with him

[@patrickandrew8374]

>you can communicate with him on telegam with the user name below

[@patrickandrew8374]

He's also active on tic tok

[@SwingingInTheHood]

This should be taught in every school in America. That said, no matter how old you are, it's never too late to begin.

[@shawnlane3264]

Been following for a year or so. continue enjoy how you are transparent in your holdings, whether up or down. keep up the good work.

[@coocoocachooglin]

I enjoyed this video, thank you for putting it out. Funny you used the boat analogy, I have done the same in explanations to people, but I use the example of a guy trying to go out and fish in a badly leaking boat. You don't get to fish because you're spending all your time bailing water! The second guy would be the sport fisherman, who borrows money to buy an expensive boat to fish but rarely goes out to fish, and maybe catches a few every now and then, but always has a boat payment. The last guy, the wealthy guy would be the guy that owns a charter fishing company, that owns many boats and makes money chartering them out to fisherman and whale watchers while he collects his profits from running the business helping other people go fish, then he takes his family out to a nice fish dinner provided by one of his restaurant buddies that he sells fish to from his commercial fishing business. Great job, keep it up, just found you today, will enjoy looking at your content. I like it already!

[@chewie1355]

That’s Joseph. May you live long and prosper.

[@CyclingDad]

Saw this on business insider a number of years ago. Great reminders! It’s simple but not easy.

[@maiasalyamani]

Man, I think it would be great if you make a video of how to financially educate our kids. Might be baiting for you, but it is so important topic. Fabulous video as always ❤️

[@scottydiesch9966]

This is the kind of video that got me investing more on my own and hooked on your content, 3 years ago. I really enjoy your work, keep it up.

[@RyanRusich]

Long time fan. Keep up the great work!

[@curtisdavis8594]

Excellent video!! Poor Household vs Wealth Household.. Thank You, Joseph! 💯

[@user-qi2cq3ko9m]

Thanks for this video. Beginner investor here and i think your story is spot on. Since understanding this i regret buying expensive stuff in the past.

[@XMan-mi6gs]

Thank you Joseph. You sure bring a lot of value for me and a lot of other people with you channel. Keep it up. And again: many thanks.

[@samnissly2267]

Started watching a couple years ago with just a few hundred dollars invested, small and consistent deposits and I’m nearly at 8k now. It’s real, thanks Joseph!

[@bobbygh2003]

Really good advise. You are the best @ Joseph Carlson

[@DividendDogo]

This is a fantastic breakdown of the steps you have to take to build true wealth. I feel exceptionally lucky I started real estate in my early 20s and consistently compounded my income via assets to create more cash flow. I have watched so many friends buy vehicle after vehicle every couple years in a vicious cycle of debt. People really underestimate the drag it has on your ability to create wealth. Insurance is another huge drag. Passive income is mandatory for building long term wealth.

[@JT883]

This channel will one day be the syllabus I use to give my kids their financial education.

[@annah2943]

A mentor and a friend. Thank you for this video!

[@anamariaguadayol2335]

This should be mandatory watching for teenagers. If they understand this formula, they understand and benefit from capitalism. Thank you Joseph 🥰

[@micahtaylor1276]

I watch and learn every week. I'm saving this episode. Thank you Joseph

[@jacobgrant8188]

Fresh coding bootcamp grad here (9 months). Just presented my final last week. This week, I'm using my former school time to build my portfolio and apply to jobs. Thankfully my school has a great Career Services program that stays with me after school. I was investing in stocks before I started school. With school loans (-$15k), my debt increased, so my net worth is much lower than I started, but is still around $10k. My goal is to pay off all student loans by the end of the first year of work and then I'll have even more money available to buy stocks! Looking forward to growing my wealth!

[@o.c.g.m9426]

Keep growing keep it going. Always great to see another long term thinking 🇺🇸. This country needs more like you

[@Bosshog-WealthHealthBetterment]

I think a really nice overview. A couple of years ago we were "rich", 2 professionals living in London, etc, but actually not really wealthy. It is a hard mindset change, but for us it was a daughter coming along. We were able to save about £80K in cash that we didn't need to use when my wife was on maternity leave, and so we put it into investments as a starting point. I'd totally agree that there is a certain pressure in having expenses and needing to keep up with that. In a weird way, it takes away choices because if you decide to work less, you don't feel you're able. It's still a work in progress, but it's good to have a focus.

[@user-bm6wu9zw9m]

My man Joseph is on boss mode. Great video. 🤑🤑🤑

[@ameyajoshi7]

Incredible video Joseph! I am going to share this with family and friends. Thank you!

[@jagjitanand8008]

Excellent upload dear Joe. Was required to revisit our basics and core principles. Cheers mate 👍

[@Dantehhhhh]

Great video but I have to say, some of the advice here is a bit too “conservative”, in the sense that one of the actual ultimate objectives of becoming wealthy is… buying all that stuff that you always wanted to have. All that money if you are dead is worth absolutely nothing except for maybe spoiling your kids who didn’t even work for it. What I mean is, once you have decent wealth after having invested for years and having earned a lot, you HAVE to indulge yourself in what you love the most. If that is a Tesla, so be it. If that is a vacation home because when you were a kid your family could only go to 1 star hotels in a shitty nearby village, so be it. Hell, if it’s buying Pokemon cards, so be it. We only live once, and obviously I’m not saying you should waste all your money, in fact the “Wealthy household cycle” is the best one, but at some point you have to make good use of all that money (which really is just a agreement we have among humans because fiat money is inherently worth nothing in the end) and BUY all those things that make you happy. Slowly (keeping the asset income flowing), but surely.

[@dogelife7901]

Exactly I'd rather enjoy my life and have a few nice things, travel ti places u want to go, than have a million for retirement, arthritis, and die early in a car accident or from a random disease before doing or having the things what I wanted.

[@dogelife7901]

Assets is the key, the right Pokémon cards or trading cards, artwork, or other assets like vintage cars can do better than stocks sometimes.

[@1gerard9]

Awesome perspective. Well expressed. Made my day👍

[@arce808]

Omg ty for this video. I have booked marked it and have already shared it to 3 ppl. And for future people I meet who wanna know about investing, best belive I will share this video to them.

[@SteelCage1]

You have explained these charts before on an old episode! Great explanation

[@doducduy96]

Went from $0 in 2017 as a broke student to $200k networth in 2022. Once I got the ball rolling it became an addiction. On the first day of every month at about 6-7PM I got a slight dopamine rush when Fidelity notifies me that my automatic contributions into FXIAX are initiated. A dollar saved at my age will become 20-30 dollars in my retirement. Went to Costco yesterday and almost bought the $115 4-pack prime ribeyes, I took a deep breath and thought to myself I ain’t gonna get no mf $3000 steaks 😂

[@dillonb9648]

I think it would be cool if you made a video about how you first got into investing. I was hoping you would get into it a bit in this video. I think that is what most people struggle with the most, how to actually invest in the first place and what to look for.

[@Andy.Duncan]

Love ur work dude

[@maltagoya2]

Useful,informative, relevant information..well put together and appreciated Joseph ❗

[@lafcadiothelion]

It’s not about the portfolio gains, but about the friends we gain along the way.

[@KungPowEnterFist]

Only if those friends pay dividends.

[@xcom5121]

GOAT channel not even close

[@katelynrenesse4798]

This is a fantastic breakdown of the steps you have to take to build true wealth. I feel exceptionally lucky I started investing in my early 30s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific lnvestments. Forever grateful to my adviser Rita Wildrin Mora. Passive income is mandatory for building long term wealth.

[@mitchsapastein5593]

i made my focus on looking at investing from a long term perspective and watching it compound

[@harleycartley3138]

I'm playing the long term game with a well diversified investment portfolio. By the way, I googled the lady you mentioned and after going through her credentials I can tell she's a pro.

[@donaldlocher2537]

Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.

[@robertthurmond8161]

Impressive!! Also, I did read about Rita Wildrin Mora on the web. I was able to find her webpage and leave her a mail. I'm willing to make consultations to improve my portfolio

[@johnrogers9065]

Watching in November 2024. This is gold.

[@robbifumi46]

Absolute inspiration as always Joesph,

[@Nana90210]

Thank you Joseph for all the research that you do and share with us. This video was perfect and I shared it with many. I believe we all need this... Although I listen to the podcast I'm also subscribed over here on KZbin. Keep up the good work. Blessed be.

[@NickOloteo]

I’m in the final round for a coding application(Amazon Technical Academy) with amazon. If I pass the technical assessment, Amazon will pay me to learn coding and give me a 6 figure coding job. I also got my CDL through amazon and we’re getting close to getting another raise soon. And I started a KZbin channel. So for everybody talking trash about Joseph starting a channel, he’s right. Find some way to increase your revenue so you can invest more.

[@JosephCarlsonShow]

best of luck to you!

[@NickOloteo]

@@JosephCarlsonShow thanks! Been here since episode 1

[@tylerdred]

Well said, great video!

[@donbangert]

Excellent video! Thank you for putting it together.

[@filiperibeiro7349]

Great video Joseph ! Thank you !

[@jasonstupak4535]

Watched and liked, thanks Joseph!

[@liarzdice]

Good episode, just wanted to point out two inaccuracies. Historically Tesla's have held their value, in large part due to supply/demand constraints. This is likely to continue for at least the next few years. Not a big deal, just noteworthy. The biggest mistake is assuming EVs are more expensive than ICE counterparts. Especially when evaluated within the context of building wealth, this is extremely important. When buying any vehicle you should forecast the cost of ownership - oils, to/from service centers, value of your time, far less moving parts, batteries that last 10 years (or more) and last but not least cost of fuel/electricity. Gas is obviously expensive right now too. Factor in that you can set charge times during offpeak hours and you have further savings. Also, the time saved with not needing to go to a gas station for the vast majority of owners.

[@luisorlandohernandez]

Really nice video. Robert Kiyosaki ‘s stile. Thanks!

[@21Ryoo]

I really like your content. Keep it up Joseph!

[@MartinMcClellanGT]

Great video Joseph!

[@AlexSuperTramp-]

Poor households when they do save, they tend to save cash

[@Dota2funny]

Could you explain money weighted return vs time weighted return?

[@jimdou4617]

Nice job, I am certain you have inspired many people on the principals of growing wealth and generating passive income.

[@Paul0628able]

Thank you and more power.

[@tirusew]

You’re right, this is the best show you’ve ever made, thank you.

[@mickedwards2805]

Hey Joseph, great content. Look toward to each video

[@hagi2013]

Well Said! Very good video. Thanks for this video.

[@OutfitMyLife]

truly appreciate this channel it really speaks to me.

[@OutfitMyLife]

@WhatsApp±①⑨①⓪⑦⑧⑦①⑤③⑥ people still fall for this lmao , you dudes are bums in a very poor country lmao

[@conquerordie230]

Always good to revisit the basics. This video essentially summarizes "Rich Dad Poor Dad" by Robert Kiyosaki. Lifestyles and behavior are hard to change because these companies depend on consumers to grow their revenue and earnings. Our entire young lives are geared towards "fitting in" these societies much like our education system teaches us how to be "good workers" instead of true critical thinkers. Not everybody can shed all of that conditioning, but I guess they can't complain that people didn't try to teach them or warn them.

[@CuriosityUnchained]

Thanks Joseph. This is all very true 👍 Very well formulated.

[@deepvalue4651]

You're awesome, Jose. Thank you

[@Dmtsnetwork]

Very very powerful Thanks for this information For you to take the tone to break all this down ur 💪🏽👌🏾🤛🏾🙏🏾🎯✅

[@Takosaga]

You can move up in income household. Being passive means someone else is active. I love investing in US companies cause yalls work ethic is so toxic that it benefits my stock revenues

[@dogelife7901]

You and the CEOs both haha

[@colbyhaan3352]

Outstanding video, thank you sir!

[@wise_one45]

Wow i really appreciate this content. For sure is something i want to work on as well to be on that wealth side of things. Having the freedom and choose what to do with your days is true freedom.

[@Kinsale101]

I love these kinds of videos. I wish you would do more like these.

[@cdragon88]

I actually use M1 because if you brah. Started a Roth IRA and a brokerage around 2018 and found your channel on Reddit I believe. Switched brokerage account from Betterment. Started with $1000. Now, still going up strong. Appreciate you.

[@myfinancialjourney887]

Really good video 👍🏽

[@TechAlivePT]

You sir are doing a great job!

[@alicemuller9386]

*There's no shortcut to getting rich, but there are smart ways to go about it. I realized early in life the importance of investing for financial independence and have invested with great returns working with a professional*

[@ryanphilips4808]

I've always been fascinated with investing and as such would appreciate some help on how to go about it without incurring a loss. Can you share the investments you have made and your experiences with them? Thanks.

[@alicemuller9386]

@@ryanphilips4808 I engage in prolific investments such as:- real estate, NFTs, crpto and stocks and through proper advice and management by a licensed financial adviser (Donald Nathan Scott), I achieved good returns on investment. For a better investment experience work with an expert . That’s just my advice.

[@ryanphilips4808]

@@alicemuller9386 I appreciate this information, how can I get in touch with your financial advisor as I am really interested and want to start investing?

[@alicemuller9386]

@@ryanphilips4808 Just make quick internet search with his name *Donald Nathan Scott* to get in touch and write him ..

[@nathaliamaurice5626]

Donald Nathan Scott is all over the internet and his fantastic works are leading the way. It's really hard to find someone who is truly honest and genuine in what he does. Reading all these testimonials here, I would say that he has certainly gained a lot of fame. For such a person, who is sincere and good at what he does, we owe him our support and prayers.

[@averycutecat1852]

I feel the different approaches towards wealth have to do whether one wants freedom or not. People with wealth know the value of freedom, and they will try to retain their weath to continue enjoying freedom. People in the other categories might be unware of, or pretty vague on pursuing freedom -- if they take working till death for granted, naturally they would not try to retain the money but rather spend the money to build a life style.

[@lslurpeek]

Step 1: Make a youtube video that gets popular. Step 2: Use youtube money to buy anything and talk about it. Gain more viewers Step 3: Continue doing step 2.

[@epbrown01]

Step 1 is considerably more involved than you may think. It's like saying "learn to play basketball then join the NBA."

[@samuelwhite7856]

if step 1 is so easy why haven’t you done it and become wealthy ????

[@lslurpeek]

@@samuelwhite7856 I've been making videos for a few years. I get about $100 a month on it. Once you are decently big then it's not that hard...

[@lslurpeek]

@@epbrown01 There are plenty of youtubers that are as good if not better and they barely make anything.

[@lslurpeek]

@@samuelwhite7856 youtube also is a self fulfilling prophecy; you mostly get lucky on a few videos and youtube will recommend you more than others, even when their content isnt as good. Joseph makes good videos but many others deserve more then they earn.

[@DrDevon23]

Thanks, Joseph. I have heard this advice so many times. I've read books about it. I've tried to implement it. This time I understood it at a deeper level. I appreciate all you do to inform, motivate, and even entertain us.