The Truth About Getting Rich (Cashflow Quadrant) 💰

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Marko - WhiteBoard Finance

Marko - WhiteBoard Finance

Күн бұрын

Пікірлер
@Sergioyfz18
@Sergioyfz18 5 жыл бұрын
The fact that you were honest and admitted that you’re still an employee and you make a little bit of money off of KZbin made me instantly subscribe
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
why lie? LOT of fakers out there. thanks for subbing
@markc5771
@markc5771 3 жыл бұрын
@@WhiteBoardFinance You're definitely not a fake. It's very hard to find the real deal; you're lessons are priceless. Thank you so much.
@sissokothierno6641
@sissokothierno6641 3 жыл бұрын
@@WhiteBoardFinance now you make way more my man
@Billclint-i8f
@Billclint-i8f 3 ай бұрын
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
@randettawolf
@randettawolf 3 ай бұрын
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
@Carolj-p9j
@Carolj-p9j 3 ай бұрын
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
@phill-s3s
@phill-s3s 3 ай бұрын
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
@Carolj-p9j
@Carolj-p9j 3 ай бұрын
My CFA 'Grace Adams Cook' , 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.
@phill-s3s
@phill-s3s 3 ай бұрын
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
@JDWilliamsPD
@JDWilliamsPD 2 жыл бұрын
Dude, you drop more wisdom in 15 minutes than people drop in 15 hours. Bravo!
@ChristopherAbelman
@ChristopherAbelman 6 ай бұрын
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
@PennyBergeron-os4ch
@PennyBergeron-os4ch 6 ай бұрын
There are many other interesting stocks in many industries that you might follow. 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.
@FinnBraylon
@FinnBraylon 6 ай бұрын
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 67% profit in 18 months
@HildaBennet
@HildaBennet 6 ай бұрын
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@FinnBraylon
@FinnBraylon 6 ай бұрын
Sonya Lee Mitchell is a renowned figure in her line of work. I recommend researching her credentials further.
@lolitashaniel2342
@lolitashaniel2342 6 ай бұрын
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
@OneAndOnlyMe
@OneAndOnlyMe 5 жыл бұрын
I did it by transitioning from employee only to employee + investor. I was fortunate enough to have low outgoings as an employee as I worked form home in tech sector. All the money that I would have spent on commute costs went into buying value stocks (oil and gas, telecoms, tech). Collected and reinvested all dividends. Now my little fund generates enough to live on comfortably. I still am an employee, but no longer have to put in extra hours or go the extra mile at work, and no longer need to impress the boss. I can switch off from work at 5pm. Next step is to go part time, or reduce to 4 day week. If I was made redundant now, I wouldn't go back to being another full time employee.
@Dje8888
@Dje8888 5 жыл бұрын
BRO... This channel is changing my life! You deserve all the blessing that are coming to you brother. Thank you
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thank you sir!
@rabbitskipper4454
@rabbitskipper4454 5 жыл бұрын
I remember my last year in college I kinda did a company called Primerica. I didn't really make any serious money mostly due to my charge backs. But I learned alot that my family or the classroom never taught me. They were teaching us this cash flow quadrant from Robert K. back in 98'. Having us read Dale Carnegie & Tom Hopkins. Again, I didn't really make any money. But the value of being exposed to people like Zig Ziglar and the great Jim Rohn was priceless. You never know what will be "that thing" that will turn on that lightbulb in your head. That's why I like your content. You're not stale or full of pompous arrogance. But you exude a level of humble confidence & capable of delivering a product that would add value to many people.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thank you sir
@raulfernandezjr5295
@raulfernandezjr5295 5 жыл бұрын
I agree that is what has kept me engaged to his videos seems like a personable guy. Thanks again for them great content!
@MikeDunn
@MikeDunn 5 жыл бұрын
Haha, I went to a Primerica seminar in the mid 90's. It was very cult-like. My friend and I refer to them as "Heaven's Gate" (that was a suicide cult if you don't get the reference).
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
@@raulfernandezjr5295 I try to be as real as possible. Not selling anything, really.
@rabbitskipper4454
@rabbitskipper4454 5 жыл бұрын
@@MikeDunn Lol. The Applewhite guy right? Yeah I suppose so. To some degree you almost have to hoax yourself into anything beyond the worker bee (average American) mindset. Because being a worker bee feels comfortable. And is the very reason why most of America is decimated if they miss just one paycheck. As a youth I was drawn in with them bragging about them being the company with the most 6 figure earners.(Not exactly sure who has the most today.) But then again it's not hard to seduce a young man when he's working part-time at pizza hut like I was.
@terrencemiller6228
@terrencemiller6228 5 жыл бұрын
I am heading to college this fall and I will be majoring in Finance. I am very glad that I found your channel because I love seeing people take an interest in Finance and being able to speak about the subject coherently and yet simply so I can learn more about the field that I plan to go in from videos like these. Please keep these videos coming!
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thanks Terrence. Finance is a great degree with a lot of career opportunities. That's what I majored in as well.
@eydat
@eydat 2 жыл бұрын
Thanks!
@rich2990
@rich2990 5 жыл бұрын
I like how your video doesn’t use any jump cuts. This shows that you did your research beforehand.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thank you
@huntemall219
@huntemall219 5 жыл бұрын
I'm an employee. I make about 75k/year not counting my investments. I will be able to retire at 45 and able to live on $1500/month after all my bills are paid. That's not accounting for my 401k and Roth IRA which should be about 2.5 mil once I hit 60 if I have a 6% interest rate. I have seen many of my friends sink money into theirs businesses and not completely fail but never full make it. Sometimes just being an employee and be thrifty is enough to have a relaxing and comfortable life.
@indian81able
@indian81able 5 жыл бұрын
I COULDN'T AGREE MORE.
@iwineverygame1995
@iwineverygame1995 5 жыл бұрын
A lot of us want to leave a legacy. Money for the kids. Family wealth.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Exactly. Generational wealth. I don't just think about myself.
@iwineverygame1995
@iwineverygame1995 5 жыл бұрын
@@WhiteBoardFinance You know the saying. Rich can be lost during a Vegas weekend. Wealth can last forever. I have so many friends that took the first high paying labor jobs they could find. Now we're in our 40s and the labor doesn't come as easy. They spent everything on trucks and toys, and now they wonder what their kids will do. I always tell them they'll do the exact same thing you did - work, live, then struggle later in life. If they're even that lucky.
@huntemall219
@huntemall219 5 жыл бұрын
@@iwineverygame1995 I don't want to give my children anything. Not until they are at least 30 and have shown me they are financially responsible. I have seen that played out too many times. I am 32 and honestly I don't even have to work. Everything I have is paid for and I have plenty of money. Teach your children financial responsibility and having "things" will not make them happy and there is no need to leave a "legacy".
@jacksonroman1621
@jacksonroman1621 Жыл бұрын
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
@stjepanhauser7595
@stjepanhauser7595 Жыл бұрын
@Gary Linc Enns that's impressive!, I could really use the expertise of this advisors, my portfolio has been down bad....who’s the person guiding you.,
@stjepanhauser7595
@stjepanhauser7595 Жыл бұрын
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes.Thanks
@hossammoghrabi1021
@hossammoghrabi1021 2 ай бұрын
Join the real world
@justinluttmer
@justinluttmer 5 жыл бұрын
While you may not ever get rich, if you want to live and retire comfortably the best thing you can do is live within or below your means. Buy a Honda instead of an Acura or be happy with your 4 year old iPhone 6 instead of trading up every year to the latest and greatest model for example. Too many people feel they have to fake it before they make it or keep up with the Jonses...
@ericantone8709
@ericantone8709 5 жыл бұрын
That's my approach. Retirement hacking. Damn near everything I own is used or out of date. (except my computer...haha, that's where I draw the line.) I'd rather live in a modest 2 bedroom home that I can afford than over-extend myself chasing some illusion. Like Warren Buffet says, time is what matters, not material goods.
@tomstickland
@tomstickland 5 жыл бұрын
I'm a big advocate of living below your means. Lots of fun things are not expensive. Don't become a fashion victim.
@calvinraab8798
@calvinraab8798 5 жыл бұрын
Important to remember that you are not tied to one specific quadrant, there is always a way into another quadrant. And understanding each one is the beginning of the journey!
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Well said!
@xersys
@xersys 5 жыл бұрын
This is what my wife and i have done. We make about 100k a year between our jobs and have been using that money to invest in real estate / rentals. Transitioning from employee to self employed.
@trdtrek3717
@trdtrek3717 3 жыл бұрын
Why I didn’t find this kind of channel in my life is beyond me!!! Thanks for great education!
@MonsterMarco-ve5ec
@MonsterMarco-ve5ec 5 жыл бұрын
Honestly glad I found this channel, I’ve watched a few videos and have learned more about finances than High school ever taught, I’ll gladly be taking all this knowledge through my 20s (only 19)
@TheTilsonFam
@TheTilsonFam 2 жыл бұрын
I found your comment. I’m 18 I’m and just wondering how you’re doing now that it’s been a few years!
@wellgeo223
@wellgeo223 5 жыл бұрын
I used to shit post on these kinds of videos back in the day. Now I understand more and agree with the overall message. Many people just aren’t able to follow through on things, for a number of reasons. The reality is, no employee gets rich without at least dipping their fingers into one of the other quadrants. Particularly the investment quadrant.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Well said
@mackijs1
@mackijs1 5 жыл бұрын
He may aspire to just invest but working hard at his business is what made him successful...
@aggie7756
@aggie7756 5 жыл бұрын
A friend that I recently met (around a year ago) introduced me to Robert Kiyosaki's books, including the Cashflow Quadrant. He (my friend) is currently in the self-employed/investor quadrants, while I am self-employed. I can't wait to get to the investment quadrant. It will take years, perhaps a couple of decades, but with hard work, sacrifice, and focus, I will get there.
@TheWhiskyExplorer
@TheWhiskyExplorer 5 жыл бұрын
The channel is quite brilliant. You have a highly intelligent young man taking the best ideas from his favourite mentors and sharing them... for free! Way to go man!
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thank you
@edisjd
@edisjd 5 жыл бұрын
While self-employed could be great, it has to be done right, many people turn into slaves to their business and don't make much. Must be very organized
@ventricity
@ventricity 5 жыл бұрын
Investors and big business owners usually works just as much, if not more, than regular employees. And it is work, not luxury time, and sometimes repetative and boring. The question you have to ask yourself is about what you like doing and what you find meaningful, something you can find in all four quadrants of this very simplified view of worklife. And it´s not that clear cut between the quadrants. Sometimes you can be a bit of everything, many jobs have a lot of freedom and many investors are slaves to their investments.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
I make money literally while I sleep from this KZbin channel. It all depends on your business model.
@ArsenicApplejuice
@ArsenicApplejuice 5 жыл бұрын
I’m in 3 quadrants, E, S, and I. Covering my 50/30/20 with the E, and the returns on S are aggressively growing I. Eventually I’ll close out E and S.
@freeforlife
@freeforlife Жыл бұрын
Thank you. The best presentation of my favorite Cash Flow Quadrant so far.
@uchihajoel3064
@uchihajoel3064 5 жыл бұрын
Man I love this channel. Something that actually helps people. You have a great voice, content, and you don’t beat people down but rather build them up. Really. You deserve way more subs.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thank you Uchiha
@Bobylly
@Bobylly 5 жыл бұрын
1.75x, thank me later.
@MasatoXci
@MasatoXci 5 жыл бұрын
I thought you were making fun of him but actually, you were right.
@joshuavalentin7353
@joshuavalentin7353 5 жыл бұрын
always
@motorcycleman-go4708
@motorcycleman-go4708 5 жыл бұрын
You are a genius
@ellisonsimon
@ellisonsimon 5 жыл бұрын
At 1.25 it actually sounds like normal speed!
@AlexWinkler
@AlexWinkler 5 жыл бұрын
It's all about the 2.5x speed (you need an extension for it)
@christinecrawford
@christinecrawford 5 жыл бұрын
My husband owns an independent pizzeria in metro Detroit. Just like you said, he works 12 hours a day and usually 7 days a week. Occasionally, its only 6 days a week. lol. But, as tired and as broke as he is, he loves it. In 5 years, he's grown it from about 250k a year in sales to just under 800k a year in sales. His goal is to have 20 stores someday. (At least he's an S-Corp!)
@linksys813
@linksys813 5 жыл бұрын
@@007phokus LMFAO don't give her any ideas
@javiermartinez4946
@javiermartinez4946 5 жыл бұрын
Tell your husband to contact me. I have a pizza shop too and I designed a money making system that will make him more money to hire a manager
@christinecrawford
@christinecrawford 5 жыл бұрын
@@javiermartinez4946 Hi. We had a store manager for the last few years but he just recently left to take an office job. (I think this is our 2nd week without him.) Even with that store manager handling a lot of operational responsibilities, there is still so much administrative and sales work, as well as maintenance type things, that keeps my husband in the store. But, I will let him know about your offer of advice. Thank you.
@TheLeicaman
@TheLeicaman 5 жыл бұрын
Slavery was never abolished. It was just called employment.
@arizona71189
@arizona71189 5 жыл бұрын
Yup
@Diiimonds4Evr
@Diiimonds4Evr 5 жыл бұрын
Facts!
@thepro3643
@thepro3643 5 жыл бұрын
So biomedical engineers or architects or nurse practitioners are slaves? Rich slaves atleast right?
@simonscardino4135
@simonscardino4135 5 жыл бұрын
Wrong! You can't go outside away for just another job in slavery. Hard work like just on the old times will let you, to save some money. To save enough money is the key. And you can do that..!! And you could become like those great millionaires just by learning and investing. In slavery you can't do anything with that, except to work n work...,and you can't reach another levels of quality of life. 😂 😂 😂 😂 😂
@kingtut8367
@kingtut8367 4 жыл бұрын
Did slaves get competitive wages?
@ComeFromTheMoon
@ComeFromTheMoon 5 жыл бұрын
Marko, I shared your channel with my brother who is a self employed trucker. He started an LLC; could you do a video comparing LLC's with other forms of business organizations? I'm hoping he considers and learns from you better management skills. Thanks for what you do for your channel members and all viewers!!!
@guitaristinseattle
@guitaristinseattle 5 жыл бұрын
Well i worked at a large corporation, promoted many times, even won EMMYs. Retired early at 57, have a pension and live in Hawaii .
@LinhLe-sx6lk
@LinhLe-sx6lk 5 жыл бұрын
Thank you Marko for your knowledges , honesty and transparency. All your videos are very helpful. I have shared them to all my families on both sides and you know have big family. I’m so glad to find your channel by accident Usually I don’t make comments on KZbin. But you are a young genius, so I can not help not to make comments.
@ashleyfandrich7011
@ashleyfandrich7011 5 жыл бұрын
Once you make a good amount of money, it's incredibly easy to grow wealth. The struggle is getting to that point. Buy a crappy property in a market that's growing insanely fast, sell, then invest in less extreme, but smart situations
@cmik26
@cmik26 5 жыл бұрын
I was about to post the same comment! Once I "succeeded" and achieved wealth, I realized how quickly wealth perpetuates more wealth. Excluding those who make poor decisions or are greedy, it's very easy to continue to grow wealth once wealth is achieved.
@ivanobretenov9535
@ivanobretenov9535 4 жыл бұрын
I’m sorry for the stupid question but how do you know which market is growing as you said ?! Can u give me some tips of how to do a proper market research and those kind of things, I’m a such a newbie with cash on the side just looking to get started, thank you in advance! 🙏🏼😊
@RayanMADAO
@RayanMADAO 4 жыл бұрын
So honest work that requires time won't get you rich, got it
@RayanMADAO
@RayanMADAO 4 жыл бұрын
To get rich you gotta make money off the backs of honest workers :D
@RayanMADAO
@RayanMADAO 4 жыл бұрын
Cruel society we live in
@SteveRam
@SteveRam 5 жыл бұрын
Love the Cashflow Quadrants! Rich Dad Poor Dad is what initially inspired me to begin investing in real estate. Great video. thanks for sharing.
@mklinger23
@mklinger23 5 жыл бұрын
This is what my friend was told when he was in an MLM. They told him he could get into the "self employed" quadrant and become rich.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
LOL MLM's are a joke
@samuelruiz7012
@samuelruiz7012 4 жыл бұрын
One year later, Me, Sam the Landscaper is watching this video, a go getter on his way to transitioning to the B side of the Quadrant ! LOL Thank you for always putting out consistent content Marko, I love you to death brother. KEEP IT UP!!!!
@adabetelbeck5858
@adabetelbeck5858 5 жыл бұрын
I was watching your video and I kept thinking this is great, it is so easy to understand. Great job! and Thanks!
@tntmyth
@tntmyth 5 жыл бұрын
Good interpretation of the Cash Flow Quadrant. I read the book years ago. It's a life changing concept. True point that the left side is trading time for money and that's key. The hardest part is moving from the S to the B Quadrant and setting up a system and employees to manage the day to day tasks. You have to increase revenue and hire and train your team at the same time.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thanks
@dhevishreeds
@dhevishreeds 4 жыл бұрын
Great stuff!! I love your content, pacing knowledge sharing, accent! Great work dude!
@neme_rose
@neme_rose 5 жыл бұрын
I was looking for the 2AM infomercial for free real estate.
@jcir454
@jcir454 5 жыл бұрын
Quick comment on business Tax “write offs”: I’m not a CPA either, but I’m pretty sure the examples(camera, markers, car payments, etc.) you used for expenses that can lower your tax burden are not eligible expenses. Markers, cameras, and cars are all examples of capital expenditures, assuming you purchase these assets, not lease them. You CAN however “write off” the depreciation of the assets. If you leased the car, you can expense the lease payments, which is why leasing is preferred for some companies.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Agreed on leasing the car. And I do believe Capex is deductible but again, I'm not a cpa
@waitforit6524
@waitforit6524 5 жыл бұрын
Bro, I watched this video 10x times, awesome info.
@lukesommer4291
@lukesommer4291 5 жыл бұрын
First video I saw of yours, loved it man
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thanks Luke, hope you stick around :)
@adelohna
@adelohna 5 жыл бұрын
Can you do a credit card video? Which ones are good/bad and how many credit cards should a person have? Love your videos!
@d1rw7n
@d1rw7n 5 жыл бұрын
Can you make video on investing? How to start, strategies and so on
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Yup will do
@d1rw7n
@d1rw7n 5 жыл бұрын
@@WhiteBoardFinance Post notifications on!
@hatbui1
@hatbui1 5 жыл бұрын
2nd on that.
@edisjd
@edisjd 5 жыл бұрын
Read Unshakable by Tony Robins
@d1rw7n
@d1rw7n 5 жыл бұрын
Will search it up
@andrewhardcastle7982
@andrewhardcastle7982 3 жыл бұрын
Thanks a lot Marco I did find myself still in E but also doing ok in I and getting deeper in I
@Jake-sw3ss
@Jake-sw3ss 5 жыл бұрын
Interesting. I am in the paid sector but have started investing with my free money. I have worked up to management where I can save my time by allocating others to do jobs I once did. It's helpful as I have freedom to work on personal self employment in my free time. I am also working on a KZbin channel which may possibly make me passive income in the future. In a way, I am invested in all four "squares." One thing I would mention is avoid DEBT. Wish I did that earlier. I have paid much off and am starting to see more returns, but it sets you back on your time invested a lot. In the end, we all want wealth for security, our wants, and our own personal time.Good video.
@elindigeno1215
@elindigeno1215 5 жыл бұрын
Thank you for not putting us down and for this information. You also shared which quadrant you are in. Respect to you.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
my pleasure
@arizona71189
@arizona71189 5 жыл бұрын
You always forget...the underrated service industry ..Bartending/Serving..... 3 days off in a row, $1000/2000 a week... Hard to beat..
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Ive worked in the service industry from 15 years old throughout college 👍
@arizona71189
@arizona71189 5 жыл бұрын
@@WhiteBoardFinance nice!
@mintysoul1124
@mintysoul1124 3 жыл бұрын
Best personal finance channel out there, thanks for all the great videos man. Coming from a fellow Marco.
@TheNomadicTrader
@TheNomadicTrader 5 жыл бұрын
Hi Marko - great content! I've just finished Rich Dad Poor Dad and am about to start Cashflow Quadrant.. So glad I found your channel, thanks for sharing.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
My pleasure thanks for watching. Please share :)
@Huero805
@Huero805 5 жыл бұрын
That's a good way too put it "YOU CREATED A JOB NOT A BUISSNES)
@tgrkush
@tgrkush 4 жыл бұрын
Literally taking notes off of every video this is so beneficial 👌🏽
@demonx4284
@demonx4284 4 жыл бұрын
Your Videos are great ! Thanks for the advice bro!!!
@Suppandi69567
@Suppandi69567 5 жыл бұрын
I wish I saw this video 25 years back when I joined my first job
@johnmorton6675
@johnmorton6675 2 жыл бұрын
I'm going to be poor forever. I don't have any special or marketable skills, I have no money to start a business or invest to get rich.
@sodium5573
@sodium5573 Жыл бұрын
Good stuff man i highly appreciate this, ESPECIALLY, where you mention how the school system is systematically structured to condition you towards being a consumer and a worker, and not a independent thinker and a creator. Keep it up brother!
@itsthewhitelightcampbell5642
@itsthewhitelightcampbell5642 3 жыл бұрын
The way you teach makes everything stick. If you're in Tampa Tampa Florida and want to go fishing, hit me up Marco😁
@WhiteBoardFinance
@WhiteBoardFinance 3 жыл бұрын
Thank you sir. I don't have the nerves for fishing lol. Too impatient
@itsthewhitelightcampbell5642
@itsthewhitelightcampbell5642 3 жыл бұрын
@@WhiteBoardFinance Fishing on a boat in the ocean, you don't have to wait or you're in the wrong spot 😁
@phineasmabetoa8808
@phineasmabetoa8808 2 жыл бұрын
Excellent presentation
@sergiogaldamez2177
@sergiogaldamez2177 5 жыл бұрын
Well done! Makes perfect sense.
@princessjoymillani2054
@princessjoymillani2054 3 жыл бұрын
This was genuinely amazing! I loved it, thank you Marko! 👏🏽🙌🏽⭐💫
@peridotsun6205
@peridotsun6205 4 жыл бұрын
The million dollar question is how to go from being an employee to a successful investor or big biz person. Any advice on that?
@platypusguineapig
@platypusguineapig 4 жыл бұрын
If there's anything I've learned about money it's diversity. I work my 9-5 and I am self employed on the side and I invest. I hope start my own business one day but I'm not sure what area yet
@abelcolunga4961
@abelcolunga4961 Жыл бұрын
You explained very well Marko. This motivates me a lot. Thank you for share your knowledge.
@itree4
@itree4 5 жыл бұрын
Rich Dad, Poor Dad. 👍
@ppumpkin3282
@ppumpkin3282 5 жыл бұрын
I was an employee. After 30 years I retired with a 100k pension, 1.5 million in 401k, at age 55 and retiree health benefits. Since I retired I rolled over my 401k into an IRA and tripled my money by investing on my own in this bull market. I actually took social security early because they pay dependent benefits and I have a young son, plus they paid for my wife as a caretaker until my son was 16 (also son's benefit which is approx 1k a month is essentially tax free). Nothing compares working for a good company that treats its employees well, and has good benefits. My company hadn't laid off an employee for the first 130 years of existence. But things are different now, employees and companies think more short term.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Congrats. That doesn't exist anymore lol.
@ThatCho
@ThatCho 3 жыл бұрын
Wow so you lived in Ohio for a while? That’s great. I live in Columbus.
@FrankGuerra
@FrankGuerra 5 жыл бұрын
Another great video! Thanks Marko!
@rolandogonzalez2627
@rolandogonzalez2627 4 жыл бұрын
It’s cool how you explain it! Big business!
@elmerwowop7983
@elmerwowop7983 3 жыл бұрын
you deserve 5M subs bro
@TheRock-yc7er
@TheRock-yc7er 3 жыл бұрын
.....Thanks for the review* +•1•6•1•7•4•6•5•5•3•4•7* M•Y•W•H•A•T•S•A•P•P* Do well to respond..................
@markrodriguez2137
@markrodriguez2137 5 жыл бұрын
You have a grand day.👍Thank you again.went to school today.Thanks again for teaching me something.😎
@arcticrest8368
@arcticrest8368 4 жыл бұрын
You’re a good teacher! Keep it up
@christopherclarkin9584
@christopherclarkin9584 5 жыл бұрын
I appreciated this video and I appreciate what you do. You have a nice presence.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thanks
@SullenSecret
@SullenSecret 5 жыл бұрын
If you want to get rich, be an ideas person for self-employment strategies. Right now is a great time for video game designers. It's possible for one person or a small group of friends to make their own game and sell it online to the world. A good idea and decent artwork can make tons of money. Why else are there so many games being made these days? I just wish that more of them were actually good ideas.
@eclipseotik
@eclipseotik 5 жыл бұрын
Ok so I’ve been on the Rockefeller’s system for at least a decade, I want to be my own boss eventually but being an investor sounds much better. Investment video coming soon maybe? That’ll be dope bro, thanks for the video
@Sxtnstn
@Sxtnstn 5 жыл бұрын
eclipseotik let me put it easy for .... let’s say you have 100k cash to invest (which 95% of people don’t ) at a 10% return , after tax and inflation you made 6k a year profit... now !!!! If you have 100 million you make 600k ... those returns of 20% are not accessible to people watching KZbin
@vik56in
@vik56in 4 жыл бұрын
This is excellent content . Keep up the good work. Subscribed and thanked.
@WhiteBoardFinance
@WhiteBoardFinance 4 жыл бұрын
Thanks for the sub! Please share
@julianbahena553
@julianbahena553 5 жыл бұрын
I work 12 hours a day lol Monday-Saturday for a company
@SensSword
@SensSword 5 жыл бұрын
This isn't a 2am infomercial? Oh wait, it's 1am while I'm watching this... 😉
@Chris_Sells
@Chris_Sells 2 жыл бұрын
If you’re self employed via 1099 what is the best way to get health insurance for yourself, wife, and kids?
@leodgo773
@leodgo773 2 жыл бұрын
Thank you for all the knowledge sir. You don’t know how much this channel has helped in many aspects. Glad I came across it.
@surecutlandscapinginc1900
@surecutlandscapinginc1900 5 жыл бұрын
Great video thanks for the great information
@opufy
@opufy 5 жыл бұрын
I like the sound of the pen taps 5:44
@sudochop
@sudochop 5 жыл бұрын
Me too. Glad i'm not the only creep that enjoys that! lol!!!
@salemnagi4904
@salemnagi4904 5 жыл бұрын
I subscribed., you seem like a decent person, Thanks for the info man.
@Mattridesboards
@Mattridesboards 4 жыл бұрын
Great video easy to understand. Thank you!
@jakob7722
@jakob7722 5 жыл бұрын
Regarding the multiple taxes for the self-employed, do they get more deductions as well?
@studentsofmoney2653
@studentsofmoney2653 5 жыл бұрын
Jakob P yes you can deduct a lot as a business owner!!
@nater88dawg
@nater88dawg 5 жыл бұрын
I agree that making your way from top left - bottom left - top right - bottom right through these quadrants is a reliable path to "getting rich", and the upside is the greatest, but the success rate for start ups is abysmal. If you're an employee within an in-demand industry (ie healthcare) and you consistently invest and diversify I think the % of people reaching their more modest goals with less risk is worth skipping the deminished quality of life that comes with running a business.
@roscasebastian9585
@roscasebastian9585 2 жыл бұрын
not a disappointing video. keep it up.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
*What quadrant are you in?*
@tammymontano4292
@tammymontano4292 5 жыл бұрын
Employee stepping into investor. Making my first moves toward finanal freedom 😁
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
That's great Tammy, keep it up!
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Keep it up Donnie
@ChrisInvests
@ChrisInvests 5 жыл бұрын
E and I...I love his books, they really help me change my mindset and they keep me thinking the right way.
@theuberindian3988
@theuberindian3988 5 жыл бұрын
Self employed in the highest tax bracket in my country. It's terrible. Even capital gains are taxed at the same rate for me I.e. 30%. Always wondered why it's taking me so long to have a comfortable life financially. I'd love to start investing but I just keep thinking how!?
@AlexTechWiz
@AlexTechWiz 5 жыл бұрын
You are the man, Marko. Great video, I really enjoyed it.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thanks for watching
@10XAcademy
@10XAcademy 5 жыл бұрын
Came here through Ryan Scribner’s post. Great video on the fundamentals of creating wealth! 💰👍
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thank you for the kind words!
@ImmortalDraylo
@ImmortalDraylo 5 жыл бұрын
I'm self employed and making a decent amount to where I have a large savings and interested in investing. For someone not too savvy on finance and not really able to invest in real estate, its a little bit confusing where to begin.
@johnhaslett6714
@johnhaslett6714 5 жыл бұрын
You are doing great. There are people deep in student loans and wish they had taken your route.
@tonyjim7616
@tonyjim7616 5 жыл бұрын
plain and simple, once again, amazing info.
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Thanks Tony
@GurdeepSingh-oe7db
@GurdeepSingh-oe7db 4 жыл бұрын
You deserve more subscribers 🙌🏻
@WhiteBoardFinance
@WhiteBoardFinance 4 жыл бұрын
Working on it!
@TheGroundBeef
@TheGroundBeef 5 жыл бұрын
yeah the only thing i would respectively disagree on is the negative connotation of 'working hard/harder' if youre self employed. Working is great. some people love it! i had 2 months of voluntary unemployment (with PLENTY of cash saved up) and i was ready to keel over with boredom. Work is great if you find something cool to do. it gives you life! i would love to take full responsibility and work for myself with pride, therefore not having to answer to "the man" and worry about get fired at any point, not getting any days off, etcetera ...
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Agreed
@rajeevgadre966
@rajeevgadre966 4 жыл бұрын
Video is nice. Would be interested in getting more details
@dougz2855
@dougz2855 5 жыл бұрын
Thanks for the info. Subscribed and shared!
@vuittondon91
@vuittondon91 5 жыл бұрын
You’ve gained another subscriber my guy. I appreciate the videos very much!
@ojkilledmacdre
@ojkilledmacdre 5 жыл бұрын
Thank you. I’d love some videos going into depth more so on the transitioning from employee to big biz. Again thank you
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Start a Biz ---> work really hard and grow the business --> hire people that manage the business --> Success :)
@DustinWoloschuk
@DustinWoloschuk 5 жыл бұрын
HAHAHA. This video is awesome!!! My name isn't Sam... but I litetally have my own landscaping company... but I'm stl grinding away working in the business. Sales, marketing and litetally physically on site working. However... i WAS working on a factory making a great wage and bennifits working 40hrs a week and was miserable... started my company while stl working in the factory. 1st year my company only made $2,500 CDN. Few years later i left my 65k year job with bennifits... to run my company full time that was only making 25k cdn at the time. I also already had a mortgage... let me just day... there were a free winters i litetally survived on only rice and pasta... even some months with no hydro. Haha Now my company is making over 200k per year... (gross)...but I'm definitly working 60hr weeks... more stressed than ever... but I do love what I do. Hoping to be able to start investing on some things and buying some income properties soon. So this video makes me happy to see I'm grinding my way through the quadrants... but would love to figure out away to move quicker and get to the invester box quicker. I just discovered your videos and been binge watching you for 2 hrs now. Haha. I'll keep watching and hopefully I will. So keep'een coming!!👍😉👌
@WhiteBoardFinance
@WhiteBoardFinance 5 жыл бұрын
Good luck!! Keep it up
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