The Truth About Money: What Rich People Know That Poor Don’t

[@KenMcElroy]

If this video helped you share it to help others too!

[@marlo2853]

Hi im a new subscriber. Ive been trying to buy a multifamily and every 1 i find i get negative cash flow even giving 25% down and having 800creditscore so im nustvgonna stop looking

[@OllieQH]

I wish I knew most of these many years ago. A lot of people have been trapped strongly in the matrix- - Go to school, get a job, and then slave away. Many miss out on life changing information that could have great effect on their finances.

[@colinswan]

Nobody knows anything, that’s the reason knowledge is so amazing…. you need to constantly acquire knowledge in order to create your own process, manage risk and stick to the plan, through thick or thin while also learning and improving. It’s never too late..

[@CaseyOrban]

This is true. On my own journey, my financial trajectory changed when I realized that that banks are return-driven businesses. I stopped keeping sums in the bank. Instead, I invest with professional guidance, enjoy the benefits and actively save up for retirement.

[@mitchellerashica]

@@CaseyOrbansame here

[@mitchellerashica]

After the ‘08 crisis, I’ve learnt not to trust corporations. Since 2022, I’ve been investing with a finance advisor and have had no major losses. I’m barely 25% short of my $2M goal after subsequent investments to date.

[@IanKemp-k4n]

I understand that market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor whom you have used his/her services?

[@knockoutlightz]

Watching in my 40s... And only just starting investing I feel so behind!

[@philcrowley007]

I started at 48 with the same feeling, but have got used to the idea that although I'm behind where I would have been if I'd known earlier what I know now, I'm way ahead of where I would be if I hadn't started, and will retire ahead of most of my peers who are just relying on their company pension

[@ShelleyfromCali]

Keep going buddy I started at 41... was in 13k debt and living in my overdraft. I'm now debt free have a 20K emergency fund. 30K saving pot and just surpassed ~$500K in my portfolio... I am almost 44 now!

[@larrydimon7811]

Congrats! Lost over hundred K since 2022 chasing individual stocks and I feel pretty stupid for not understanding how investing works. In the grand scheme of things it's now much, but it's taken a toll on my mental health, to say the least. Going into a new year, maybe my goal should be to stop...

[@ShelleyfromCali]

That's sucks. Keep it simple, practice proper portfolio diversification, take some risk but don't try to shoot the lights out. I’m invested in ETFs, REITs, and Individual bluechip company stocks and use a CFA. On average, she takes an agreed %age of earnings, but using *Lina Dineikiene's* system makes it much more hands-off. I conservatively follow her recommendations and market entry and exit points, and tbh this makes it fairly simple for me... I am convinced it's not just hard work but smart work:-)

[@nightrod2237]

Missing the compound interest from your 20s investments is crippling financially.

[@garnold-l5p]

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.

[@tanyabischoff]

The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

[@Mlanderos-t9e]

The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.

[@StephenRobello]

I find your situation fascinating. Would you be willing to offer a trusted advisor you've worked with?

[@Mlanderos-t9e]

My CFA, Laurel Ann Watkins, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.

[@StephenRobello]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@alphabeta8403]

1:30 How to buy a Ferrari 2:30 *Use good debt; OPM* 4:25 Legally minimize TAX 5:55 Have LLCs (Understand the legal process) 7:20 Brainwashed middle class 8:40 *Beat inflation using the velocity of money*

[@justliberty4072]

So, Ken is suggesting that to buy a, for example, $200k car, you should borrow maybe $1 million and invest it, maybe in real estate, then borrow the money to buy the car, then use the cash flow from the investment to make the payments on the car. That might work some of the time. What happens if the economy croaks for a while, and you need to sell the real estate at a loss, like many people did about 15 years ago? It all comes apart.

[@MirkoRatar]

it's really crazy how nobody is talking about the book the hidden path to manifesting financial power

[@StupidIsTheNorm]

Yes, it’s Perry Wilson’s Minimum Wage Millionaire

[@Diane-c7b]

big returns come from investing big. investing big comes from building conviction, conviction comes from understanding, understanding comes from doing your homework and research beyond surface level.

[@americanopinions]

I want to start a Roth Ira before the end of the year. do you have any stock you would suggest to buy and hold long term?

[@BrianMattews-i7t]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@AlbertGReene-p8w]

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

[@BrianMattews-i7t]

There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with ZAREEN GRACE CHURCH for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.

[@HB9GUF]

4:15 - 4:22: "Poor-people get into debt and they pay things off; Good-people get into debt and other people pay them off for them." Meaning: Poor-people are Bad-people. Nice message!

[@DCC72]

Yes he had slip up there. I heard it but he's probably in his 60s so give mercy.

[@manofinterests334]

That struck me initially also, but I think he meant to say people who are good at the money game.

[@henry-d6k4z]

I had problem comprehending trading in general. I tried watching other KZbin trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to Follow ......

[@DevinWiebe]

I think what you need is a financial advisor assigned by a brokerage company that will trade for you and handle's your capital professionally and give you weekly returns of investment without any extra fees attached.imagine I invested $14,500 with a WOman you recommended some time ago and got profits of $200,080✊✊✊

[@guayangareomich]

28k a week? Amazing! how did you get started?

[@cachanillajosue-gd9hc]

This is huge! Your advisor must be grade A. Mind sharing more info, please? I'm in dire need of proper asset allocation.

[@ernestolopez-im8zd]

Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies

[@DevinWiebe]

I signed up for a 1-on-1 trading session. It's like copy trading, but with personalized guidance

[@BlueWaterSTAX]

This is the best way I've heard debt explained. Well done Kenny

[@richardhudson1243]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[@HoskinsShanellNicole]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

[@JacobsErick-u8r]

Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

[@LUCIASMITH-d1z]

Could you possibly recommend a CFA you've consulted with?

[@JacobsErick-u8r]

Melissa Terri Swayne has always been my top choice. She’s widely regarded as a genius in her field and possesses extensive knowledge of financial markets. If you're looking for outstanding collaboration, I highly recommend checking her out.

[@naumanayub1348]

The best 11 minutes on wealth building.

[@TampaFloRaider]

Most people who follow his advice will end up broke. Tenants don't always pay. He is correct about buying income producing assets. But do it with cash. That way WHEN the tenant doesn't pay you don't have to worry about a mortgage payment. Roth 401ks and IRAs are the best tax free income producing vehicles on the planet. Max them out and use excess to save for real estate. Yes this is slower, but you will NEVER end up bankrupt. The majority of millionaires are millionaires because they paid off their home and have a 401k with a large balance. And these millionaires do nearly everything under the sun they want to. It's my formula and I am in the process of purchasing my 2nd rental property with my own money. And I get to do nearly everything under the sun I desire. 5 years from now, I should own five or six homes that cash flow mortgage free. Opening up the door for more stuff under sun. JUST BE CAREFUL using Other People's Money. It ends badly for most people. Whereas, I don't hear horror stories of debt free millionaires in bankruptcy court. One last tidbit. Marry someone with the same debt free mindset. Because you are less likely to end up in divorce court, which can spoil a fortune.

[@rustykatt3870]

Thanks! ✨😊✨✨

[@robbiecotner3666]

He is effectively saying the poor work for others, while the rich position themselves to have others work for them.

[@TriciaDrammeh-o9x]

Hit 240k today Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024

[@RampKevorkian]

I would really love to know how much work you did put in to get to this stage

[@TriciaDrammeh-o9x]

I will be forever thankful to you, you changed my life I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver

[@GregFunnell-q9f]

As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns

[@AmirRezaie-d2h]

Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's

[@HollyGarwell]

His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.

[@maheshkingahiran1864]

no one talks about the ebook Magnetic Aura by Takeshi Mizuki because its take on attraction is too raw and real for most to handle

[@danielmorgan827]

This should be required for Americans to watch. Fantastic explanation!

[@STELLASCUTENESS]

Unbelievable amount of bot ads in these comments.

[@scottrsaunders5353]

Hands-down, the best 10 minutes & 55 seconds of financial advice! Ken drops a lot of truth bombs. Watch 3X and take notes!🔥🔥

[@tw2800]

The S&P 500 increases on average 11% a year....Real estate increases an average of 5% every year. Investing in the S&P 500 is low maintenance and truly passive, real estate investing requires active management of tenants and property maintenance. Real estate investing is not passive, you are essentailly buying yourself a job. Ken is a property manager so he is very effective at his job. If he were not actively managing his organization it would fall apart, even if he were managing other property managers he would still always be busy working, this is why he is always working and shooting videos from his office. He seems to enjoy property management so no problem with that just so long as we all understand that real estate requires active management and it is not passive

[@ryaj2356]

They have money to generate more wealth. Most people don’t make enough to buy asset producing income.

[@shobley]

Einstein, Steve Jobs, Martin Luther King, and what appears to be Tom Baker as the fourth Doctor... holding the wires to blow up the Daleks. That would be my four picks too. :D

[@bryanschreur2928]

Good summary of what takes many years to learn

[@miking1111]

All works fine until the economy turns and the people you let your properties to default on rent payments. Then your little 750 mil house of cards shatters.

[@tbone1961-g1e]

I own real estate and my tenants all paid it off for me when I was 55 I am now 63 gonna buy another property to rent out it’s nice to collect rent I really don’t need a job but own the plumbing business I run but I can do whatever I want whenever I want

[@tylercampbell6058]

It’s about hitting escape velocity. If you can get your networth over the hurdle so that you only need less than 3% of your wealth to find your lifestyle then your wealth should continue to grow over the years.

[@fredperello1709]

Leverage to more assets

[@lubosimaboshe]

Awesome 💯👍

[@rifleman42051]

Rich = Produce, Poor = Consume!!!

[@JWFitness1]

Sounds like the US as a nation.

[@tixe9]

Big corporations destroy the soil water and Land of our country 100% . There is zero debating this Rotten to the core!! They consume and destroy the earth . Works both ways

[@jaygold4467]

The poor go to work also and produce.

[@jah-son2972]

Thank you

[@206remyboyz7]

So basically explaining the book Rich Dad Poor Dad

[@justliberty4072]

Yeah, a few true things mixed with lots of risky BS.

[@justliberty4072]

Let's say I ought a several "A" shares of Berkshire Hathaway 40 years ago. It has never paid a dividend and therefore is not an "income-producing asset" according to typical definitions. Am I not rich?

[@sp3091]

Too bad in Canada we don’t have 30 fixed mortgage.

[@lifeforgod07]

Biggest advantage of the US housing market

[@davidroman3355]

Always Excellent info, Thanks!!!

[@Mr_john-u7y]

I Hit $32,590k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 5k in last week 2024..... now i just hit $32,590k

[@Michael-qy1jz]

There is no money, it's all debt on a balance sheet, so you need to make positive balance sheet flow based on borrowed debt. That being said, we will hit mass deflation this next few years so Be Careful with your debt as asset prices implode. We are a debt based system so balance sheet wealth will shrink very fast. Banks DON'T LEND other people's money, they Lend BRAND NEW CREDIT into the system!

[@jackgoldman1]

Well said. Housing peaked in 1971 at 1,000 ounces of gold, now 235 ounces, down over 70%. Stocks peaked in 2,000 at 44 ounces of gold, now 16, down 63%. We are living a lie using dishonest measures and will descend onto hell and war. Wealth is honest gold and silver, revealing housing, stocks, and labor are all down over 50% from peak. Tragic we are being lied to. The deflation in gold and silver is already over. The IOUs have yet to fall and will. Protect yourself.

[@STELLASCUTENESS]

Houses are nearly twice as big too though.

[@Michael-qy1jz]

@STELLASCUTENESS Bayby Boomers will be downsizing this next 5 years for expenses as the economy rightfully corrects

[@jackgoldman1]

@@STELLASCUTENESS Not really. More poorly built, worse locations.

[@BroxsonDeighan]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.

[@TaggeGust]

I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

[@masterotrunks]

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

[@ReuletRikki]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@anatolyivan]

I'm new at this, please how can I reach her?

[@stephaniebeddis8069]

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

[@eyelovecolorado2195]

Ken, your Math doesn’t add up. How can 10,000 tenants pay $750,000,000 of loans? Thats $75,000 per tenant. Rents can’t be more an average of $1700 per month. What am I missing???

[@Potato5auce]

He has $750 million in total debt, which is amortised over say 30 years for real estate. It’s not what he has to pay per year.

[@ezrahn]

He doesn't have to pay off the loan all in 1 month. They are usually rolling commercial loans that get refinanced at the end of their terms.

[@DCC72]

Darn...I meant to do that calculation. I can't explain it. 😮

[@YouAdam2]

Need to work on my habits

[@islandboy1492]

Prefer videos solo with Ken

[@BrianK-zz4fk]

I self mange my brokerage account and they reach out all the time and its annoying as I know the game they just want more assests under them. Sorry to those that learnt it to late in life.

[@TPG1977]

Turned him off when he said Ferrari

[@WealthyChronicle]

Is anyone else shocked by the idea of using debt to grow wealth? 🤯

[@jackgoldman1]

Money is gold and silver. IOUs are debt. Big difference between money and debt, money and IOUs. In honest money stocks are down 80%, houses are down 80% from their peaks. That is why we can't use honest gold and silver, it reveals stocks down 80% from 2000 peace and houses down 80% from 1971 peak. We can no longer use honest measures, causing our decline. Nations that use dishonest weights and measures, IOUs, inflation, debasement, descend into living hell and war. Always. Very tragic.

[@ugiperformance9495]

Big Tank You SIR 🫡

[@JiangBruce-uc4qz]

I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[@JiangBruce-uc4qz]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@StevenSchwander-ql8fw]

Wow that's huge, how do you make that much monthly?

[@KatrinaSusan-jw5pg]

I'm 37 and have been looking for ways to be successful, please how??

[@WendyKatie-bz7xl]

I remember giving her my first saved up $20000 and she opened a brokerage account with it for me, it turned out to be the best thing that ever happened to me.

[@HorrorAlgorithm0x1337]

Great video. I don't entirely agree with views on 401ks/IRAs. These are great ways, especially for middle-income self-employed people, to defer lots of income so it's not taxed. If one wants to consistently defer $100k+ a year, a private pension (e.g, from Schwab) is even better.

[@syedrehanfida]

The camera shaking is so bad in this video, made me dizzy.

[@ElJefe360]

you are probably hangover

[@syedrehanfida]

@@ElJefe360 nah

[@allegrabraun7545]

Remember the TV series Rich man Poor man?

[@sunnyd4734]

Yup. 1970s

[@all.rounder935]

reading the ebook Magnetic Aura by Takeshi Mizuki could completely shift how you see and apply the principles of attraction

[@user-fr8qq5pk9h]

❤❤❤

[@leeroach3381]

Very helpful Thank you for sharing this

[@Kassandrasson]

8:17

[@RichardWiazardry]

After buying our first few rentals, never paid taxes for 20+ years, except one year we had a big capital gain from a land sale.

[@tophatcat1116]

Amen brother. we gave a house away last tax filing and sold a property for a large profit but didn't even use our gift ductions because we have deductions maxed out forever.

[@Heyemeyohsts]

At what point is a great job better than a crappy business? Would you rather have a job as an astronaut? Or own a cleaning business?

[@TheTruLion]

Own a cleaning business

[@Whatever0704]

Why not be able to do both?

[@TheTruLion]

@@Whatever0704 One can do both

[@MymyelomalifeBlog]

Cleaning Business 👍

[@BrianK-zz4fk]

depends on the area, id do cleaning business in a rich area

[@joshfgfg]

Great mindset reminder for 2025

[@Carlosilpso11]

*Happy new year 🎊 You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@BailesPosey]

wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??

[@Carlosilpso11]

It's Esther A Berg doing, she's changed my life.

[@JohnBush-d7z]

I do know Ms Esther A Berg ., I also have even become successful....

[@DebeaumontCadiz]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

[@veromudia5721]

Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?

[@Goatgaming187]

the truth about attraction in the ebook Magnetic Aura by Takeshi Mizuki is so powerful that most people don’t know what to do with it

[@miketracy9256]

WON'T THAT FERRARI LOSE 10% OR MORE OF IT'S VALUE EVERY YEAR?

[@shantassadourian8480]

All you described is how the US regulations favor the rich, & how US banking system works You can't make money anywhere else

[@riverat7558]

If this guy is so wealthy and making so much money he must be busy. So how does he have time to make all these KZbin videos?

[@tophatcat1116]

It's easy, he has a team for everything. Heck, I don't have no where his number of units, but I do have a property manager, a fulltime handyman and a construction supervisor. I would have an acquisition manager, but I love finding and negotiating the deals. I bet he even has a full team working on his KZbin videos.

[@johnlibonati7807]

@@tophatcat1116How many units do you need to make it worthwhile, where your income is enough to balance the debt and headaches involved in being a landlord. I’m interested, but just met a guy with four properties who is divesting because he said it’s a pain in the neck and one bad tenant erases all your profits. Thanks.

[@riverat7558]

What city and state are you in

[@MymyelomalifeBlog]

Whats when house prices drop?

[@soundsnags2001]

Wont happen en masse

[@jtrill2]

Real estate markets are local. Some cities for example like Dallas have areas going up and other areas going down or staying the same. Location location location.

[@johncperez5493]

Sir will you please be my mentor?

[@daviddruggish271]

Greed is the problem. More wealthy people than ever before and $37 trillion debt. Lol!😅😅😅😅😅

[@AJEET-G1]

if more people read the ebook Magnetic Aura by Takeshi Mizuki, the way we understand attraction would transform overnight

[@BrianK-zz4fk]

lol i smoke and let MO pay for my habit, need gas XOM pays for that 😂. Buy what you know

[@stephanienguyen6992]

FREE MONEY FROM GOVERNMENTS

[@Bruxy23]

First 🥇

[@voluntarism335]

Basically he was able to buy 10,000 apartments by leveraging each apartment to get another loan to buy another and so on and so fourth. Dude you got money from the central bank which created that money out of thin air so thanks a lot for devaluing everyone else's dollars.

[@jackie-sd6lc]

so now that i think i am a billionaire i am already a billionaire, nice that's why i own nothing and i'll be happy!

[@Star-u3t1l]

This would be great for high school kids!

[@HammeringTruth]

Blah blah blah.

[@Budulai89]

???

[@liberated_andblack959]

Then why watch the video?

[@AS-fm6iw]

Amazing info.

[@lookup9078]

…and ain’t it great not hanging at, Silver Lake, Murphy’s corner, Everett, Washgt.😆 Good Luck to a Prosperous, and Healthy 2025, to You BOTH❣️

[@kahvac]

Thanks Ken...Great Video !

[@bchristopher2270]

Love it

[@JaysonisGod]

I’ve been diving into a few books lately, and The Secret Doctrine of Wealth stood out. It’s not flashy, but there’s something about it that just clicks.

[@StupidIsTheNorm]

I read that one, but found a more down to earth version of it by a guy called Perry Wilson. I think it’s his only book so far called Minimum Wage Millionaire.

[@JaysonisGod]

@@StupidIsTheNorm ty for share!

[@here-i-am2316]

@kenMcElroy Explain the differences from 1-100 properties, to 101-1000, and 1001-10000

[@leeroach3381]

Very helpful Thank you for sharing this

[@theAmateurInvestorstory]

Always Excellent info, Thanks!!!