The Money Expert: "Do Not Buy A House!" 10 Ways To Make REAL Money: Ramit Sethi

In this new episode Steven sits down with personal finance adviser and host of Netflix’s ‘How To Get Rich’.
0:00 Intro
03:05 Why should someone stay and listen to this episode?
04:53 The language of money
06:03 Numbers we should know
09:47 How many people are clear on their rich life
15:40 Why people should think twice about buying a houses
26:00 The S&P500 & investing
37:00 Compound interest calculator
44:20 What are the characteristics of someone that will end up little money
47:44 How do I increase my income?
51:47 Optimising your skill sets
59:11 Should I invest in cypto
01:04:13 Always have 1 year of emergency funds
01:04:52 How much to invest & what you shouldn't question spending money on
01:06:30 Business class flights
01:07:54 Always buy the best
01:08:38 Always spend on these 2 areas
01:11:16 Work only with people you like
01:12:59 don't get caught up in the numbers
01:14:02 Talking about money with a partner
01:29:09 Character traits of people that will never get rich
01:33:18 The last guest's question
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[@tommychestnut5335]

The home I purchased in 2023 has appreciated by $60,000 since my acquisition. However, the downside is the diminishing value of the dollar. I am currently contemplating strategies to reinvest $300,000 in the real estate market.

[@Robertgriffinne]

Portfolio diversification is very advisable in the investment plane, well I think you need to get a financial expert to assist you with the best financial goal.

[@traviswes7082]

Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2020, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.

[@instinctively_awesome8283]

Once you hit a big milestone, the next comes easier.. would you mind dropping info of your Investment-Adviser please? I'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance

[@traviswes7082]

Kathleen Cheryl Constantz is the certified CFP I use. Just search the name on the net. You’d find necessary details to work with to set up an appointment.

[@instinctively_awesome8283]

I just googled Kathleen 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.

[@ericmendels]

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

[@cloudyblaze7916]

I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.

[@albacus2400BC]

That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with. Now I make six figures from my investments alone, and even more from my businesses.

[@mohican-jx6fx]

Thank you for the advice. When you say financial advisor, are you talking about hedge funds? And how do I get in touch with on

[@albacus2400BC]

Hedge funds are good, but because of their scale, they are quite bureaucratic. The majority of independent financial advisors are available online. For example, Sharon Lynne Hart, with whom I collaborate, has a webpage. There must be more excellent ones. just do your research.

[@ElenaFrankfurter]

It's so much difficult to buy a house now than it used to be. Things deteriorated real quick.

[@NicholasBall130]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@StocksWolf752]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@EleanorBaker474]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@StacieBMui]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@EleanorBaker474]

“Sonya lee Mitchell’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@FCS81]

8% interest rate in 1990s was not a big deal compared to now. Houses in the 90s were a fraction of what they are now. I pull the trigger in a heart beat on a 200k house at 8% right now. But 1st you are getting a shoe box for 200k now vs the 90s. Plus insurance rates and property taxes are outrageous compared to the 90s.

[@kortyEdna825]

As part of my retirement plans and also owing to the very shaky housing market now, I just sold a property in Philly and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains in months, I'm really just confused at this point.

[@alakbar7870]

First of all, how much is it (in NET value after all costs and taxes) that you got for the sale of that property in Philly? If it was somewhere in between $500K to $1 million, then you should definitely ask those people how they made a $200K return IN MONTHS from investing that kind of money, because that would be a pretty nice return in a small amount of time. And please share with the rest of us, if you don't mind? 😌

[@carssimplified2195]

Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge, And it also all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

[@Pamela.jess.245]

Reason I decided to work closely with a broker ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.

[@PatrickFitzgerald-cx6io]

That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind suggesting the adviser you're using ?

[@Pamela.jess.245]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’COLLEEN ROSE MCCAFFERY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@ThomasJoe..]

The not buying a house does not work in the UK as 90% of rents are higher than a mortgage cost. Also if you want to start a family you need a stable place to raise your children and with renting you can be kicked out within a few months notice and your whole life could be turned upside down.

[@4thought___]

In Australia too.

[@yonchrr]

Dnt have kids.

[@anishpatel344]

Sorry but where about are you based? Here in the South Rent is absolutely not higher than mortgage monthly costs lol. Your principle most likely works in the North where houses are cheap but not anywhere near London or its surroundings Oxford, Cambridge etc

[@Zanmato_7]

Exact same in Ireland absolutely terrible advice from this guy.

[@inndia]

@@anishpatel344absolutely

[@MathiasLaurel]

The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...

[@TariqSinghKhan]

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

[@NatalieFormor]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@RebeccaSheer]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@NatalieFormor]

ELISSE LAPARCHE EWING is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@scottjuarez9549]

Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.

[@dianarabbanii2]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[@TariqSinghKhan]

I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.

[@EmiliaAbelard]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@NatalieFormor]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@EmiliaAbelard]

Viviana Marisa Coelho is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@scottjuarez9549]

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.

[@user-cv5nv9zm3l]

Do it. Blcktken300 already in my bags. I had a Blcktken300 after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.

[@DandriaPerkins]

Blcktken300’s recommendations have transformed my approach to money management. I’m saving more, spending wisely, and investing confidently.

[@AfraBenson]

Blcktken300’s expertise in financial planning has been a lifesaver. They’ve helped me navigate some tough financial times with ease.

[@RonnaBush]

Blcktken300 goes above and beyond to ensure their clients understand and are comfortable with their financial plans. Highly recommend!

[@AnneWilliams-ek7gp]

Blcktken300’s passion for helping others with their finances really shows. I’ve learned so much and have seen great results.

[@RhaelynCharles]

Blcktken300 has an amazing ability to simplify complex financial concepts, making it easier for me to make informed decisions about my money

[@dr.MadisonSoley]

borlest forbidden money books (thank me later)

[@kfckfc961]

I couldnt find it on amazon, can you give me pointers

[@kfckfc961]

Richard dotts the author is that who you mean😮

[@austinbar]

Started my portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education!

[@eloign7147]

Isn't VOO and VUG similar in the sense both are investing in the S&P 500? What is the difference? I thought it is generally advised against to invest in multiple ETFs or Mutual Funds?

[@rogerwheelers4322]

There is 55% overlap with the holdings in VOO and VUG. 1 is tech heavy and the other is financials heavy similar, but not the same. VOO tracks the S&P 500; VUG is just focused on large cap growth stocks. VUG is a bit more volatile, but with a higher upside potential. VOO is a bit safer. I’ve never heard anyone advise against multiple ETFs/mutual funds. You just have to be aware of overlap. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.

[@joshbarney114]

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.

[@FabioOdelega876]

I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@joshbarney114]

Finding financial advisors like Natalie Noel Burns 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.

[@JosemiguelDelacruzherrera]

Im staying in Blcktken300 till after ETFs being approved and will move into alts after that...

[@Casey-summer]

Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

[@sloanmarriott5]

Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?

[@BaileyHoward101]

Absolutely not, as I've closely tracked my portfolio's performance, witnessing a staggering $482k growth in just the last two quarters. This experience has taught me the secrets behind experienced traders' substantial gains in what might appear as unpredictable markets. Undoubtedly, it's been a bold and rewarding choice I made fairly recently.

[@disney-hefner]

That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?

[@BaileyHoward101]

Camille Alicia Garcia" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market.

[@lilyhershey1]

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive.

[@2dogsahooman677]

Bought my small house and now mortgage free. Paid into a pension since 21 yrs old and now retired at 55. Not huge monthly payment but life and no longer working was always my aim and debt free. Happy, very happy.

[@terryloker2585]

Most people i speak too that have retired would love to be back at work . I had a week of last week and was bored sh@tless LOL I now know what they're on about . What the heck do you do all day ??

[@2dogsahooman677]

@@terryloker2585 lol. Walk my dogs, potter in the garden, meet friends and family, read, weekly blow dry lol. Had a very stressful career and am enjoying the sheer lack of it now. Spent time on myself, lost weight, no longer diabetic or have high BP. Am healthier now than I was in my 30’s. Love my life.

[@lukewilliams7020]

What do you do with your time. Aren’t you bored?

[@terryloker2585]

@@2dogsahooman677 Oh your female . Sorry didn't realise that bit . Ok most men i speak to would rather stay working LOL

[@dickieblench5001]

Retirement=death's waiting room

[@latanyaconlontl5849]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[@rannyorton]

I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap. It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash,

[@Patriciacraig599]

I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by

[@smithlenn]

The best course of action if you lack market knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a con-sultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@latanyaconlontl5849]

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.

[@smithlenn]

I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with Julia Hope marble, and she's really good.

[@AlondraCarranza-kf6pc]

Nice work. I’ve been on the Blcktken300 train for a while, never sold as they are always building.

[@GalaxyaSpeaks]

Why would anyone need so much money at the age of 69? I mean, it's foolish to save in a fund all your life just to have 13 million dollars at 69. What utter nonsense. 😀😀😀😀😀😀

[@James_Sovereign]

Buying a house was literally the best financial decision I ever made. I bought it using the bank's money, it was cheaper to make the repayments than it was to rent, and the increase in value has been far more significant than any other asset class. No brainer.

[@leerobbo92]

Exactly this. It's a stupid oversimplification on their part which shows how out of touch these talking heads are. Yeah, paying more for something should be avoided where you can: but what's the counterfactual? Rent in the UK is fucking ridiculous, and it works out better to own. You'll be lucky to get a 2-bed flat for less than £2,000 a month in London, and if you do you probably have to deal with damp or appliances at the end of their life or some other building issue. Over 30 years that's £720,000, in today's money.

[@happylucky7354]

Exactly you can always sell the house at a profit but you can never get your rent back

[@TheTexasTakebyMissVikie]

Same I saved & paid Cash for my house now it is Worth OVER 100x more than what I paid for it Miss Vikie 🕊💖🕊 Texas USA 🇺🇸

[@Cason40]

@@happylucky7354 ALWAYS sell the house at a profit? Maybe. Owning USUALLY costs more than renting, and the difference between the two could be looked at as the "same profit" as when you sell the house. Owning comes with costs not associated with renting. Taxes, insurance, and costly repairs. Factor those in and a renter could possibly come out ahead of an owner. As he stated you just have the run the numbers but the overlying thing here is do what makes you happy within reason and according to your personal amount of joy.

[@Sydwiz9999]

you have to do what's best for you though!! for some people ownership might not make sense if they don't know what kind of life they may want for themselves years down the line, or if it's not a priority for them. it's give or take!

[@photoeducationbydaniel]

I bought a house! It's the best thing I ever did! It's launched my mindset in new directions! Remember that having your own space has profound phycological impact and can be life changing for some that dont live in a healthy environment

[@kdel45]

I agree. Not every decision in life needs to be about making money and being rich.

[@rustyshimstock8653]

This has been my experience, too. The great thing about a house as an investment is that you can live in it. Once it is paid off, living rent free is a fantastic retirement benefit. I also happen to be a person who likes to modify things.

[@christinewilliams4693]

@@rustyshimstock8653- it’s great to live freely after you’ve paid off the mortgage……until you need care and then the council takes your house to pay for it and you’re beside someone who lived in rented accommodation! I wouldn’t advise anyone to buy a house nowadays or if they did want the security, do the share purchase and put down the bare minimum for the mortgage element. If you lose your job, you’ll get benefits for the rental element but only the interest element of your mortgage.

[@thementribe]

It’s true that a house paid off is such a blessing and mentally satisfying. Though, depend where you live, some homes needs 20-30 years to be paid off. So if you live in low cost cities then that makes sense. In high cost cities, buying a home is super expensive

[@Beez27]

My mortgage is significantly lower than what it would cost to rent.

[@LeonelSarabia-dl5cs]

I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on Blcktken300 and a 15x on polygon are fair considering how much those two coins are interwov

[@JoseFelipe-nf3zy]

Wasn't Alex Becker a private investor for Project Blcktken300 . It's been killing it lately. Do you think it's still got room to move.

[@peterjohansson739]

No, it already moon and Alex Becker used investors as exit liquidity.

[@user-hn7jm1gl3n]

My experience. I purchased a house in 2013 with 20% down. My total payment including taxes, insurance, HOA is $1,800/mo. As of today, this exact same house is renting for $4,200. The property value has also gone up 3x! I'm glad I bought my house.

[@napyhed4754]

Me too. I built equity in my first house and was able to pay cash for this house. I watched my elders on a fixed income renting in a retirement community where they raise the rent! That was years ago and my goal was to have a place to live when I am too old to work.

[@janepenston1778]

Same, we are so blessed to buy in 2005 . 300 now ite 450 crazy, we pay 1200 a month same house to rent is 2800..wow

[@lgee9027]

Me too!!! I bought in 2-09 in cash!!! No payments for 14 years and I have freedom to work part time!!! Car paid for in cash also🎉🎉🎉🎉

[@jacksongrace1685]

I bought my house in Australia, 2020 middle of covid. 500k. Now worth 750k AUD. Equity to use for shares/ another house. Not buying a house has closed the door on people's ability to live in their own house forever. He talks about 7% annually with bonds however doesn't talk about the inflation rate being 7%.

[@jacksongrace1685]

I bought my house in Australia, 2020 middle of covid. 500k. Now worth 750k AUD. Equity to use for shares/ another house. Not buying a house has closed the door on people's ability to live in their own house forever. He talks about 7% annually with bonds however doesn't talk about the inflation rate being 7%. Realistically you need to atleast get 10% returns for it to be "profitable".

[@llee8325]

My father was a judge, Harvard Law valedictorian, 5 country clubs, had to have a new expensive car every year, new, while we often didnt have food on the table, and my mom had to go to work secretly (wives didn't work outside the home in our social class in those days). His obsession with status ruined his family, his mental health, and because those "things" didnt make him happy, he ended putting a bullet in his head. Things don't bring happiness, and he sacrificed every relationship he had...For "status".

[@ellebee8476]

Wow. My father was weird too. May they both rest... wherever they may be.

[@dorisenga4701]

Wow. My kids father abandoned his 4 kids, including an 18 months old autistic child for his career. ( MD n PHD epidemiologist from Cambridge). Never helped us with a dim. Took every little money we had, left us in debts and has never helped us.

[@CCTENG2022]

@@dorisenga4701 May God be with all the way with you and your kids .❤

[@aurikap6900]

Oh my..cause he didnt live an authentic life. His life was all for show( so sorry to hear this (

[@krisfromabyss]

Only yourself can give you happiness. And the love of God . Nothing can fulfill your heart,only true love and compassion.

[@PrabalAroro]

*Great Video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach*

[@ElsonAdane]

[@NurseMirah-hn4ci]

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

[@Mesaltequerida]

A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some

[@EvelynNorado]

I feel sympathy and empathy for low income individuals who are struggling to survive. If it weren't for my investments with Camila Lucinda I wouldn't be where I am today.

[@LigoSam]

Interesting, you also trade with Camila? That woman has been a blessing to me and my family as well.

[@dannacasas8524]

Love the Blcktken300 content. I think this project is just as essential as HBAR and they both will be great movers

[@anthonyrossi2001]

I bought my house 10 years ago. My mortgage is 711 a month. Houses up my block rent for 1850 a month now. I’m happy with my purchase.

[@robinluich6626]

Absolutely. A home purchase during the housing crash is definitely paying off now. Our mortgage is way lower than rent these days.

[@jamies6534]

You just highlighted the exact point he's making. The real cost of owning this property isn't $700 a month.

[@MrScaramoosh]

The NWO will soon change all that, unfortunately.

[@anthonyrossi2001]

@@jamies6534 $711 includes my taxes and my and homeowners, monthly or yearly cost that I put into this house would never reach the 1850 that people are paying up my block plus it seems to go up $100 every year the rent that is, I bought this house for 110,000 and now it was estimated at 279! I don’t even believe that I would be able to afford to live in this neighborhood anymore if I had to pay $2000 a month. A neighborhood I grew up in and want to stay in. Also, I have it to pass down to my family. The reality is every situation isn’t for everybody. I understand that, but he just made a blank statement that you should never buy a house and I don’t agree.

[@louisejoel]

Are the employers your region having trouble finding staff or do they hire live in staff?

[@CatherineWilson8]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[@MarkGrimm8]

I recently sold my home in the Boca Grande area and am considering investing a lump sum into the stock market before the anticipated rebound, couple of folks have been discussing a potential May rally, speculating on which stocks may experience substantial growth during the festive season. Do you have any insight into which stocks these might be?

[@DaleHorne8]

If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.

[@JordanPortales]

Over the past three years, I have been working with an investment coach who has provided daily guidance on my investment decisions. With their expert analysis, I have realized gains of over 850k. Their insights have helped me avoid losses and capitalize on market breakthroughs, particularly during downtrends.

[@ritalorrigan]

@@JordanPortales I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?

[@MrAndy1010]

is it difficult to predict? i believed months ago interest rates would go higher and house prices would drop. i have no training but this guy explained it was inevitable .depends on who you listen to .People who remain in the same job when they are consistently wrong and not accountable ? the housing market applies to people who can afford to buy .this guy predicts that every generation will get poorer and it will continue.The number of people able to buy will reduce as the number of properties owned by rich can only increase and be rented with government policies which favour them .there will be more of a difference between the super rich and everyone else.the system is built that way .the tax on income is way more crushing than tax on wealth (assets owned by the wealthy )if leaders were concerned with fixing the economy have they not had enough time to do it(centuries)or want to actually do it ?the super powerful and wealthy have done so over generations and passed it on. how can every country have the same problem now ? it has been fixed to benefit a certain protected group. there has been a larger increase in the number of millionares and billionaires in the last 2 years than any period in the history of mankind. im not suggesting every politician is corrupted .some are incompetent but they are managers for the global business NOT representative of the people kzbin.info/www/bejne/Z2a9dXhmm56mlZI

[@josejavi7079]

I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!

[@Futbol.Fan.P]

Let's discuss the Blcktken300 guys. This is failproof and barely any asset can be labelled failproof at all.

[@niasanford]

Maybe a dumb question but what is Blcktken300??

[@parablesmusic5904]

​@@niasanfordright!?! It's all throughout the comments! Hold on one sec.. lemme Google it!

[@parablesmusic5904]

@niasanford looks like some sort of crypto scam!

[@samueltorresflores8282]

Blcktken300 is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.

[@masonwilliams1810]

“ how can you judge someone based on a reaction to a situation they’ve never been in?” what an amazing quote.

[@benitabussell5053]

The S&P 500, if one sticks with it, outpaces inflation by many percentage points. I just want my money to keep outgrowing the inflation rate. That is why I'm looking for companies now to put in $80k for a start. Just don't know how to proceed

[@EverlyndPerez]

I've totally stopped believing in the S&P to deliver any significant return, especially this period. I'm thinking of redistributing my portfolio to other stocks, but I hardly know which ones will do well.

[@Theresaa12]

This is probably what I should do. Who is your advisor, please?

[@MustRlw4mr]

What is her full name please@@HarrisRyan-oy8eo

[@__Salty]

Partner with me, back multi family rental property. You provide money , I will find, buy ,rent and share in monthly returns. Old school bread and butter. East coast.

[@ms.ladysanders3939]

​@@__Salty😂😂😂

[@DanielaMeza-hv7pe]

Blcktken300 gang in the house! Thanks for the analysis!

[@user-ss4ii6oj9d]

Great video. Im a huge Blcktken300 fan and love your videos on it.

[@dero2430]

That's a scam.

[@ceridawn]

I lived in a caravan next to a loch and some woodland for 8 years, saved a big deposit and bought an old stone semi rural cottage for £57k. Only a few years left on the mortgage. I dont care about being rich but my own home means the world to me!

[@evelynemmanuel6689]

So do I.

[@9737119088]

That's great

[@SM-cg5uy]

Caravan? Like a circus caravan?

[@nekozombieraw]

I'm guessing you're not fromt he UK. A caravan is an RV in the US @@SM-cg5uy

[@SM-cg5uy]

@@overthinc I think it means a trailer. (?)

[@Mathiasabt5765]

At the very least, I understand the concept of leverage. Making money and achieving financial independence isn't as difficult as many people believe. With the right information, it is much easier to build wealth and maintain financial stability indefinitely. The only true way to earn a lot of money and stay wealthy indefinitely is to participate in financial programmes and products.

[@sheldonevans8465]

Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.

[@anneschneerer3578]

I've been making over six figures passively investing with Joseph Sylvan Anderson, who showed me the right community to join and grow my finances, and I don't have to do much work. I will always make money, even if the market is crashing.

[@adamsynder6300]

He does appear to be very knowledgeable about this subject. I discovered his online page after conducting a Google search for his full name. I read through his resume, educational background, and qualifications, and it was very impressive. I left him a note and scheduled a call with him.

[@louwegner3175]

That is why I work with Joseph Sylvan Anderson, who introduced me to a better financial community, a verified agency where I learned about money and how to make it, and free books, courses, and daily lectures. You can also meet new people, which was the best decision I ever made.

[@cadenkerr873]

You'll be better positioned for success in life if you work with a financial advisor like Joseph who has extensive experience in a reliable financial firm. The reason it's always a good idea to join the right community is because I'm glad I was able connect with "Joseph Sylvan Anderson" earlier this year because, while others were lamenting the market's decline due to the state of the economy, I was busy learning from him and eventually made over seven figures in the first quarter alone.

[@josejavi7079]

My Blcktken300 shorts are doing pretty well and I plan to hold much longer.

[@user-hq7ty9jt4b]

Need more Blcktken300 content. Converted my ETH to BTC but kept my Blcktken300

[@CraigMarsh-hu7pf]

Interesting video; I wish I had more time for experimentation, but I'll be 50 on December, and what i have done so far is to use all my entire savings to buy a house that i am still paying and i wish i know this ideas in my early 40s i would have made so much money to buy myself Houses and still have enough investment before i retire by the of 65

[@AlinaLopez-vz9qp]

That's right, contacting a consultant during the pandemic was how I was able to navigate the chaotic stock decline.

[@BullBarry-ee1fy]

over the last 4months, and I've generated around $380K in net income. Having a coach has significantly strengthened my credibility and perspective on the market.

[@CollinJon]

Nice summary, so who is the coach that tutored you? And how can I contact them, i'm in need of their skillset.

[@BullBarry-ee1fy]

Lisa Ann Moberly is the FA assisting me with my investments; you can arrange for an appointment through her personal webpage.

[@SergioMartinez-xt6ym]

This is a scam! You’re all bots. This conversation is sooo fake👎

[@AlexJohnson-jc8cs]

The best thing I've done is to start reading Newsletters on business/marketing etc. In my bio I have links to my favorite ones

[@williamerdle7726]

😊

[@williamerdle7726]

4

[@RudolfJvVuuren]

Who is your advisor and how can I contact him?

[@Alejandracamacho357]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[@smithlenn]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[@Patriciacraig599]

The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations

[@rannyorton]

We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Julia Hope Marble", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.

[@smithlenn]

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.

[@rannyorton]

I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with Julia Hope Marble , and she's really good.

[@ruess]

I’ve listened to him for years. He uses the “Don’t buy a house” thing, not because it’s necessarily true, but because it’s controversial and riles people up, which is how he gets people to follow and pay attention to him. It’s a brilliant marketing trick. The truth is that for many, a house is a good way to keep your rent steady, while for others, it’s not that helpful. The answer is it depend, but by taking a strong stake against buying, people will endlessly debate this idea in the comments of his videos, which the KZbin algorithm loves

[@coreyschneider4041]

Agreed. I like your “rent steady” comment. My friends who bought houses 15-20 years ago have mortgages of $1,000. While people who rent pay $3,000. Renting catches up to you and steals all your raises and disposable income.

[@Andy-wo9bm]

Yeah well people are sick of “marketing” tricks and want real mentorship and honest advice, pass on this big stock fund management company poster boy.

[@cybtb]

​@@Andy-wo9bmThen read JL Colins, 'A Simple Path to Wealth'. You won't regret it.

[@xXtdudeXx92]

Yea. He is a bit of a clown show

[@daily23]

dudes... just listen till the end. He talks exactly about that and says how people misinterpret him. Starting at 1:33:20

[@leoniciomata]

I think Blcktken300 will be the most important project in crypto. But HBAR sounds nice too. Will buy some with my Blcktken300 earnings lmao

[@chaXo]

Having a one year emergency fund is honestly extremely hard when rent is around 1500 for a single bedroom 😭

[@ering1107]

I guess if you only make $2000 per month.

[@sarahuber8567]

So true.

[@user-ny5xe2hx7t]

Retirement for some people becomes their bondage in poverty because they failed to invest with the little they have on their active years of working, this is an error we need to start working on now, I’ll advise that while you still can work and earn also take some money aside and invest in your future after retirement so this classification won’t have to be yours

[@DeborahPearson-ng2cs]

You are right.!

[@SandraPatterson-di6xh]

I invested $10,100 with her and she made profit of $53,000 for me just in 5days

[@AnaOliveira-io1hx]

I have seen a lot of Positive post about this Shanita Creswell. Please how do I reach her?

[@JoeCloud-hy2uc]

The philosophy of the rich and the poor is this " the rich invest their money and spend what is left, the poor spend their money and invest what is left"

[@JoeCloud-hy2uc]

Poor people think about what they can buy with their money, rich people think about what they can invest in with their money.

[@iaf4454]

My grandmother taught me hese things when i was young. She said 1)never get into debt and never use credit cards 2) split your income in five and put money away for a)expenses (food, shelter, clothing transportation) b) invest in a small bussiness not stocks c) a dream you have, sth you enjoy d) education or new skill you want to learn e) save for a goal, what are you saving for? She was a great with money. But society and marketing tells you the opposite... that is why everybody is living in debt... or paycheck to paycheck

[@justcurioushuman]

I had student loan that interest rates were lower then bank interest rates so I earned on it... We had small business that was waste of several thousand £, I earned from stocks... I have master degree and earned less then people who worked physically in our company. Over last 8 years we would already own half of the house that we now rent...

[@iaf4454]

@@justcurioushuman getting a loan be in debt pay it off to have a master degree and being paid less than those who dont have a degree in the marketplace.... I dont see the positive thing here...that is sth that nobody understands, it doesnt make sense

[@justcurioushuman]

Just reality of what you said as an advice... I actually earned on this loan if you read properly - about 3-5% over inflation. It's because some of interest rates were paid by government. I hadn't use these money - most of it I kept on term deposit. Education in Poland is free but it was a waste of time. I would earn during that time much more and probably learnt more... Would gain experience. @@iaf4454

[@esb143]

I think you’d really like the book “the psychology of money”

[@Riggsnic_co]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[@TheJackCain-84]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@martingiavarini]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@bob.weaver72]

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

[@martingiavarini]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@bob.weaver72]

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.

[@mousebr549]

Is it the sign of a good podcast the amount of times that you return to watch it again, or is it the knowledge that is gained? Once again Steven you have knocked it out of the park. Your work has done so much to improve the quality of my life. Thank you.

[@SS-rv1mb]

Yes, excellent work..I love the long form and no interruptions. Also the nuggets of information that cause me to reconsider an existing belief.

[@Nernst96]

I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

[@trane85]

Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.

[@hankmarks69]

The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.

[@Dannyholt33]

@@hankmarks69 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is the professional that guides you?

[@hankmarks69]

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Vivian Carol Gioia” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

[@CCTENG2022]

Scammers

[@svenoliver6040]

This beyond amazing. Whoever’s reading this hope you find success.

[@svenoliver6040]

I am fortunate I made productive decisions that changed my life forever through my finance mentor. I'm a single parent living in Bn Italy, bought my second house in April and hoping to retire at 40 next year.

[@yung1448]

curious on how to achieve success, got any??

[@svenoliver6040]

To possibIy grow your finance, a mentor is needful to make it a reality. I engage in aIot with the ldeas of my mentor and so far have achieved so much already.

[@svenoliver6040]

sear ch her fuII name beIow, if you care

[@a-k9161]

BS lol

[@neniironman3827]

To be honest, purchasing houses were the best decision I have made in my life. Currently I owned 5 house (3 of which rent out), and some allocation in investments that I diversified in different portfolios of gold, silver, btc, alt coins, shares, unit trust and reasonable amount for upskilling (certifications and books). I have a job that i dont feel like quitting, i travelled overseas every year at least twice as vacation, and ensure every month my investments work for me. I'm proud of my decisions. So buy a house, find great location and have peace of mind knowing its money worth spent.

[@heavenread4610]

I recently discovered your channel while browsing for something else. I've already watched 5 episodes and found them to be the best and most informative. As an artist I can paint with my right brain, my left brain is attentive to your content, which is on auto-play. I appreciate the amount of knowledge I gain from your episodes and I often share your work. Thank you for providing intriguing, entertaining, and educational content for everyone to enjoy and learn from. Keep up the excellent work!

[@parrish8386]

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[@leojack9090]

For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@fadhshf]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@lowcostfresh2266]

You are right! I’ve diversified my $450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

[@TomD226]

@@lowcostfresh2266 Do you mind sharing info on the adviser who assisted you?

[@TomD226]

@@lowcostfresh2266Do you mind sharing info on the adviser who assisted you?

[@John_Barratt]

I purchased a house in 2014 and sold it 7 years later for a £66k profit. Ive put a large amount of the equity into a financial investment portfolio with my bank and its been down 2% since it went in. I also put some money into different shares based on warren buffets strategy and thats now up 18%. A friend of mine also lost about 30-40k on investing. You have to be very careful. I dont think theres a correct solution. Some house purchases do amazing. Follow your instinct and be sensible along the way while enjoying the few years we are on this planet!

[@PurvisTwiggs]

You are not alone To keep up with rising cost we are beginning to see the equity of our home for what it truly is, Its becoming hard for us seniors not to ask the obvious question: Should we cash in, invest the money, and rent/relocate?

[@sergiopawson]

@@PurvisTwiggs Have you thought about keeping up with the whims of a Landlord? I am invested fully in the markets under a custodian who is a fiduciary to me and my beneficiaries. You should not sell your home with a good plan. That can only work if you are looking at investing under 5 years.

[@PurvisTwiggs]

I know times are uncertain. I and my spouse are working on a ballpark estimate of $5M for retirement, and I have a good 6-figures each loaded up for this, if we sold our house you think we can do it in 5 years at most? I'm nearly 55.

[@sergiopawson]

Sincerely it's best to seek the advice of a stockbroker/fduciary right now, unless you're canny yourself.

[@PurvisTwiggs]

@@TariqTrafficante can you refer me please, how can one get an advisor to work for them?

[@joylim7926]

This episode was so helpful, and honestly, this is one of the best podcasts out there. I feel like I've learnt so much since I started following your channel. Thank you for producing such great content!

[@PrestigeWorldWide777]

So thankful I was able to buy my condo in 2019. Renting in the same area would cost me $1500 more per month now and I wouldn’t have $350k in equity.

[@fluentinoverthinking]

Despite my young age I was always frugal with money (thanks to the financial traumas from the childhood). I was able to save up a cushion and quit my job just 3 days before the war in my country begun. Everybody was shocked how could I afford not working, support a family member and lots of pets for 6 months and not looking for another job. Even my ex-coworkers who had the same salary! Folks, it’s not magic, it’s discipline. But it’s also important to learn how to multiply money which is my next step and this podcast helps a lot. Thank you!

[@txdmsk]

Most smokers smoke the value of 1-3 houses in their lifetime.

[@darlenemoragne-sheaff5794]

'Run the numbers and never feel guilty about renting' Well said...and thank you!'

[@raheeb1]

Until they keep raising rent on you as values and/or the landlord’s costs climb. Only salvation if the big bad govt steps in to shield you with price caps etc. But even that has a local cost to you down the road.

[@kookoo9958]

This is crap advice.

[@LearnEnjoyRelax]

🔥🔥🔥 thank you!! Need more videos like this!! Very detailed, with great accuracy and easy to follow along!

[@ItsBrandy93]

My morgage is $750 a month.. renting in this area is $1500. And luckily in 9 years weve had no expensive house issues.

[@rickthomas422]

I have an MBA in finance and I can't remotely figure out math where renting would have been better than buying a home where I live. It's not even close. It's not like there's more money to invest if you rent. There's not where I live for sure. Even when you factor in the "maintenance" argument, the math just doesn't match what I've experienced over 20 years of owning a home. I'm easily worth $300k more than I would be if I didn't own my home. I actually have $1500 more dollars a month to invest right now, vs if I was renting my exact same home. His granny example is REDICULOUS as owning her own home is the only reason my grandmother had a home in her 90s.

[@Ragamuffinblue]

Absolutely true here in Australia as well. Rents are so high due to lack of housing and we are at crisis especially women in their 60s who are at highest risk of homelessness.

[@user-ob7tm6vi4e]

he never states its true for all cases, but often it is

[@lirands2730]

Agreed

[@baziowenz8231]

I travel for work, am a stock investor and move several times a year. I need a house?

[@mahlakomnisi5156]

Yep. I am not good with numbers but renting in South Africa for me with 3 kids is not sustainable. I choose to own a house ro raise kids, and at the end have a house not owing, and when I can't be employed no more, my kids have a home. Unlike being kicked out of a house with kids and having no where to go.

[@CrisTina-tp2jg]

Not everyone buys a house for prestige. I live in a property that I own for a feeling of security and comfort in more ways than one. I lived in rental properties where the owner sold it from under my feet. I had strangers coming through the home I was living in. It was an inconvenience, to say the least. It came at a most inconvenient time when I had to put my energy into looking for another property to live in. So from then on, while renting, I was concerned that the owner may sell the property at any time. I hated the regular inspection of the real estate agent coming through where I lived. Owning my home I can have an animal at any point I choose to, whereas renting requires permission from a landlord who may not agree to it. In certain houses, the landlord won't even let you put a hook on the wall to hang a picture where a picture would belong. I can put my creativity into decorating my home, painting whatever colour I like and making adjustments to improve the function of the house. I am now mortgage free, and I am so glad to achieve my goal.

[@NewWave-zl6wx]

I feel the same. I hate renting and can't wait to get my own place.

[@naomnumsa5142]

Totally agree, I have been renting for 20 years and when I calculate money I have paid and not happy where I was its more half a million. I decided last year to buy my own stand to build its lots of work but never been more happier and for my family and future generations and I don''t owe anyone.

[@sallygardiner7150]

I would sooner choose to own my own home; than travel and stay in swanky hotels. I also have part ownership in a small city rental (no mortgage) and the rental return is more than I could make by otherwise investing my money on the stock market - which to be honest, I don't understand, and in the past have only made losses on my investments.

[@johnwick6281]

Well you can't keep renting a place forever lol

[@sevensages5279]

Not to mention in many states in the USA, rents are raised annually.

[@TheSoof24]

Thank you so much. This was very helpful and highly informative to me🙏 I feel happy I find myself recognizing i’m on the in positive mindset side about money! Its so enjoyable to watch these conversations on your platform!!Greetings from Leiden, Holland🍀

[@TulshiCoach]

When you said buy the books, I breathed a sign of relief!!! 😂 I used to feel so guilty spending my money on books a few years back, but all of that knowledge will help one day. It's also helped me write my own!! Great podcast!!! 👍🏽

[@jessicamegan5850]

Hello, I am in London and am considering investing in real estate as a way to get some passive income. A few years ago, my brother purchased a home in a county outside of London. Because he was unable to find tenants, the property was eventually repossessed. As a result of this experience, I'm concentrating on purchasing real estate in London, where it's quite challenging to obtain a mortgage because of the high cost of the properties. Would you kindly recommend an easy way, where one may try to sustain these cost on mortgage?

[@andyosman8375]

Houses are so expensive in the uk now. How would anyone pay off 400k plus, unless they want to commit to a ball and chain lifelong mortgage? Am I missing something? Seems like even if you had two professionals there that would take decades to pay off…?

[@joerobert1801]

First, Jessica you need to have a salary of at least 25k before you will be considered for a mortgage, that you need for properties. If you want to achieve a 75 percent yield yearly, try looking out for an investing advisory or else you will be competing against professionals themselves.

[@jessicamegan5850]

Spot on Joe, generating returns are usually phenomenal. What would have been really interesting would be a proper breakdown showing their costs , services, investors return..

[@joerobert1801]

it's important to consider the different aspects of managing a property internationally, including understanding tax implications in your countries. You might also want to think about the logistics of property management from afar and perhaps consider engaging an asset coach to assist with the day-to-day management of your investments while creating revenue to offset your mortgage. I’ve done so with my coach Frost HIlda and I've already paid off two previous mortgages. Now I'm working on my third.

[@jessicamegan5850]

Really good insight sir, I have two properties offered off the market since the high interest, I have been offered a developer loan but Im interested on making more income, does he’s advisory give access to substantial equity returns to offset my mortgage?

[@akiyajapan]

I bought a 200 year-old house in Japan for under $3000. Currently I live in it and am doing some DIY to renovate and eventually rent it out as a holiday home.

[@ImaniOldPage]

I love that. Were you from Japan originally?

[@mr.clutch987]

Damn probably haunted too 😂😂

[@johnmirandajm]

Did u have to be a japanese citizen to buy a house ?

[@lynclarke6184]

Great video. Going to start a fund IMMEDIATELY. I love the questions Steven asks. M favourite retort was when he put Touk in his place.

[@jenlollygag6815]

Ramit is so good at what he does... it's beautiful to watch

[@devonsmith3676]

I would love to hear Steven talk more about moving to a industry where your skillset is scarce. This small nugget has stuck with me. I would love to delve into that more.

[@AdiKanda]

Yes! And how to do that if you are not in a position to move to Dubai..

[@christopheradderley6902]

The gaps close quickly and without realising it, he’s touched on an observable economic reality. It’s not durable.

[@dwakeling1]

I think this guy focus's more on sounding smart and influential than conveying a worthwhile message

[@davidsimeoncole]

I haven’t heard it yet and this is exactly what I thought lol

[@mynaturalperfume828]

Well, there s not a100. 000 new secrets... "Rich dad, poor dad" just says it all...

[@ashleycollier]

It's a very simple message. Earn as much as you can, spend as little as you can, and invest the rest, that is how you create wealth. Simple but not easy. Similar to losing weight, burn off more calories than you consume, very simple but can be difficult.

[@mynaturalperfume828]

@@ashleycollier Old school, it always goes back to discipline, control yourself, be smart 😂

[@mynaturalperfume828]

@@ashleycollier Does not sound sexy, but this strategy worked since 1000s of years... 😂

[@MrQuan2u]

this guy is very insightful, and hes sharing his knowledge.

[@kavie1999]

This was an incredibly insightful episode, thank you!

[@ernestagyemang-botchway108]

I have a bachelor in banking and Finance,and I never learned this all in my 4 yrs of college.Golden resource...thank you

[@nuwunative928]

Then why you go??? Time =money

[@dillyfrank5562]

There is no such thing as a banking degree lol

[@poutine369]

its so basic lol

[@StrongestPar]

@@dillyfrank5562 unfortunately there are. Just not from any reputable uni

[@alexpolicarpo4344]

Bro I agree many of the stuff he says! But this guy is the most technical guy ever. I could never

[@SearchingforSage]

This is very interesting and new information for me to digest for my financial future. Thank you so much for sharing!

[@user-skwe]

You should do a new video about MYSTICFLIP ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!

[@Patriciabanks5]

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.

[@KevinClarke9]

The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.

[@LukeMcfarlane5]

Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.

[@ritalorrigan]

Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)Please do you mind referring me to your financial analyst?

[@LukeMcfarlane5]

My advisor is Christine Jane Mclean, 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.

[@ritalorrigan]

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.

[@maureenhalliwell1814]

I've only just caught this video, thank you for sharing Richard. I totally agree with you here, I've felt this past few wks that I've been a slave to social media, youtube, various podcasts ect for the past 3 yrs, passing on information I've learned ect ect, its now time to get back to earth, and put into practice whats useful for our survival, get up, get out and enjoy the beautiful planet we live on. ❤

[@table_tennis_fever]

very good points about so many dummies not knowing all the hidden costs of owning a home , not just the obvious maintenance stuff, but the huge transaction, interest, and opportunity cost. I'm so tired of hearing less-smart people preach about real estate like it's a golden truth when they don't know much about it!

[@emircanaydn2771]

When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss MYSTICFLIP

[@christophermbair]

DMV OVER HERE FACTS!!

[@DigitalNomadOnFIRE]

I've travelled 6 months a year for nearly 20 years. I live in a cheap shared flat in Prague that costs $400/month. People say I should buy a flat but also that they're jealous of my lifestyle.

[@marcind4644]

Nobody is jealous of the perpetual traveler lifestyle. Traveling is way better when you have a comfortable base you can go back to.

[@dy6172]

I LOVE THIS! As a writer, I doubled my salary when I shifted from journalism, which is a competitive market, to medical marketing…which is boring but my skillset is considered rare. I didn’t know that my thought process was already entrepreneurial, but at that time, it made all sense. ☺️ I love watching your videos.

[@emb777]

Gratitude Steven and Ramit, wonderful podcast

[@brittanynicolette9473]

I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.

[@Jessicatorres_768]

This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?

[@KatherineAnderson-lm8bw]

I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.

[@philipcollen482]

I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.

[@alicebenard5713]

That's impressive! I could really use the expertise of the advisor, my portfolio has been stagnant.... Who’s the person guiding you?

[@philipcollen482]

The Adviser I'm in touch with is *'Nolan Velden Brent'* , he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. He provides entry and exit point for the securities I focus on.

[@user-gh4dv8wj7s]

I love how he explains that his message is not "Dont buy a house". Yet the Title shows "Don't buy a house" I love a lot of the interviews on this podcast. I absolutely dont like the click bait nature of the titles.But great interview as usual.

[@respinoza89]

This guy gives awesome advice. I really appreciate his words of wisdom. Only thing I disagree on is having a prenup.

[@kfclovincat]

33:30 left out a big part with auto-depositing money into investment accounts: Just because the money was put into an investing account doesn’t mean it’s invested; you still have to buy the stocks/funds!!! Otherwise, you just have cash sitting on the side. Many of the major investing firms don’t even have auto-investing features (I know fidelity doesn’t because I asked). So, I still have to do that part manually unless I make my own investing script

[@franceshanna3724]

Rents in my city almost doubled this year. I'm so glad I own my home as I would not be able to rent in this city let alone retire here. It was tough at first but as my income increased the monthly repayments were a smaller proportion of my income and much cheaper than renting.

[@finessingfinance101]

That’s fantastic, you definitely made the right choice. For most people I think buying property makes sense if you do it right and understand what you are getting into. There’s a reason a lot of wealthy individuals come from real estate. The opportunity is tremendous and real estate is one of the few asset classes that always trends up! 🙌🏻

[@AnimatedLoopHD]

The property tax in my area for the average home went way up, and is more than my yearly rent. So I'm happy I don't own a home. Investing in my ROTH IRA and business.

[@shakenbacon-vm4eu]

Everyone forgets. ‘Rents are so high!!’ I agree. But if it’s high, just move. Renting gives you so much freedom. Property tax and home insurance is super high? Uh oh now it’s really hard to move cuz you own a building, I mean house. Be sure to cut your grass or else the HOA will evict you

[@sportstours24]

Every place is different. I don't even tolerate a10 percent increase per year.

[@michelewuensch8468]

Guessing investment groups are paying this guy to con us all into thinking we should rent.

[@tiptapkey]

I bought a townhouse in 2018, it's worth $100k more than when I bought it, and I'm about to sell it in a couple months. Feels like real money to me.

[@AndyLux123]

Are you sure you will be able to sell it in this economy?

[@tiptapkey]

@@AndyLux123 I live between DC and Baltimore. I'd be surprised if it stays on the market longer than a day.

[@reneegossage8609]

Great job getting in at the right time. Get out while the getting good...... timing is everything.

[@user-pv8ij6id5n]

Then what ?

[@mikeibanez8132]

Ramit is always on point, I love that dude.

[@Ongoingpidgeon6]

Do you have any resources on optimizing your skillset? Identifying potential markets to transition into, identifying marketable skills, etc?

[@stanleyfujiwara1394]

I buy small houses on large lots in towns where new houses are being built on small lots. Eventually the large lot will either be split or someone will want to build a mansion there. It’s always a “good deal/good idea” if it’s a good company/property etc. market fluctuations are just gravy.

[@JosephineGaule]

Get your investments right before venturing into real estate, I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market I made my first mill from going diverse, mainly stocks, ETFs, few Cryptocurrencies and bonds. thankful to my now financial advisory Olivia Rene Reyes. It’s a long term plan for me so I invest and re-invest. about to purchase my second property ..she's the best in the business

[@adamtennant129]

An everyday millionaire. Well done

[@ParishBlein]

found her webpage by looking up her name online. Her resume is quite outstanding, I'll be writing a mail to her shortly

[@harrisonkyunghee]

Very entrepreneurial of you

[@tylerforeman667]

@@JosephineGaule She really seems to know her stuff. I also found her online page and read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

[@chrisdunn4385]

This is worth an hour and a half of anyone's time, two inspirational men.

[@TheStudioFreq]

Agreed

[@nnnnnn3647]

Invest your whole life and die of cancer at 50 in a rented apartment. ;) okay, to the point. Invest and inflation and the government will take everything from you. governments will ban cash and introduce digital money. This advice was good 100 years ago, but everything has changed.

[@jordanmorris9663]

The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Expert Mrs Lucy Mary Liam.

[@watson244]

It's a miracle and I would testify, $110,000 every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.

[@rosiejones2079]

I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧

[@kenrobin8736]

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself

[@johncuevas4415]

Thank you Lucy Mary Liam $45,000 weekly Profit regardless of how bad it gets on the economy.

[@roselinedavidson3162]

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

[@KiritPankhania]

Disciplined focus and consistency are powerful instruments for success in every respect.

[@Lovethyself88]

This is so helpful, especially for those who immigrated to the US and don’t have parents educated in investing.

[@thinkfloyd2594]

For the love of your god, don't spend a THIRD of your income on play!

[@lucyleary4356]

When gas prices went up I went from a car to a scooter. After rent prices went up I found a place I could live for free and arranged my storage unit to keep my things that I use often. I like to spend around $5500 on a car. The last 2012 Altima I found had 44,000 miles on it and was fully loaded. Status is just peer pressure.

[@molebogengm7456]

How did you find a free place to stay?

[@Kushgroove234]

​@@molebogengm7456cardboard box on the side of the freeway

[@teeeteee000]

​@@molebogengm7456 Squatting in an abandon house.

[@davidlamb7524]

I have more going out on necessities than I have coming in so saving is out of the question and investment could be disastrous unless very small and low-risk. Therefore I have to look for another way. This advice is good for many but not everybody.

[@jjeong9958]

Love your video. Can I ask questions? What if someone has a business and needs a good office, should I just rent it or try to buy it? Thank you so much! :) 😊

[@daveduffy2823]

This is your best episode yet. I sent it to my kids who are both in their 20’s. Marriage isn’t the most consequential decision that affects finances, it’s children.

[@Vladyyy]

Then you should send them the book as well. It's far more valuable, actionable and impactful than this. VERY easy to read/understand too.

[@DS-vx3wf]

don't reproduce should be the message. 🤣🤣 that would also help the planet a tiny bit. 8 billion+ people on the planet ffs...

[@HazzyWazzey]

I wouldn’t recommend sending the book - it’s overpriced junk and the all tips you can find online.

[@haiderali-wn1sn]

I was about to make this comment myself until I saw your lol

[@zilanamini898]

Åt dig 😊😊😊😊😊😊😊😅😊😅😊😊😅😊

[@iGotHope]

Having your own House no mortgage hits different. The peace of mind knowing no one can take it away from you. Plus the property appreciates.

[@mordyfriedman5647]

Don’t forget property tax. Property can also depreciate. The government CAN take it away from you if they decide to build something there.

[@ChicoDaUno]

BS! They can definitely still take from you. Fall behind on your taxes & then update the results.

[@eo1390]

Then don’t buy house in America. Move to other country

[@DDracee]

ive been expropriated before because they decided to make my region into a national park, pretty much lost everything, they barely paid 10% of the total value

[@abousanogo5418]

Fall behind your rent and your landlord can also kick you out. Once you own free and clear, your property tax becomes your "rent". Either way, you are paying property taxes our you are paying rent.@@ChicoDaUno

[@Angela-rr2bl]

She would be a great speaker at the summit! Her story, we can all relate to, and i love her honesty. Looking forward to learning about commercial wholesaling in time as jamil learns about it thru hannah