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

[@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

[@BEAUTIFULDIANAFRANCIS]

I'd love to invest in stocks after listening to a guy on a podcast talk about the importance of investing and how he made over $300k in few months of investing into stocks from $175k initial capital, somehow this video has helped shed light on some things but I'm confused about the current market volatility I'm new to this and I'm open to ideas.

[@Pamcheryl]

ive still been bullish since 2018. exempt i was only very confident in years past, now at this point in validated, rich, retired, happy, and now I am beyond confident, i am positive … nvda is the goat. 🐐 💚🖤

[@EdwardsBains]

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my Fin. Advisor that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilising a financial advisor for more than 15 months now, and I've made over $800,000.

[@ConradsViveiroses]

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 names of the advisors who has been assisting you in navigating these financial challenges?

[@EdwardsBains]

Sure, she's *MONICA AYAKO VOS* a simple search with her name will suffice more details about her .

[@ConradsViveiroses]

Thanks for sharing, 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 e-mail shortly.

[@PaulineA2205]

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 ??

[@PaulineA2205]

@@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]

@@PaulineA2205 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

[@ryanwilliams989]

The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?

[@TheresaAnderson-kf5xw]

Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

[@hunter-bourke21]

A lot of folks downplay the role of advisors 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.

[@maggysterling33254]

@@hunter-bourke21bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@hunter-bourke21]

Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

[@BiancaSherly-qt6sb]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@DawnMcreg-k8f]

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".

[@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.

[@sirheisenberg4459]

From my analysis, people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@belobelonce35]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@samuelrandy-k8x]

Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.

[@antoniaribeiro8073]

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

[@samuelrandy-k8x]

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

[@mariahudson9939]

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.

[@thebestone11-r9y]

The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes why people dont earn a lot of money..

[@Symplydolapo]

I could not find this book on amazon, or perhaps I am missing something. Where can I find this book please?

[@RShahProductions]

Spam. Prove me otherwise.

[@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?

[@BarbaraMercer-t4u]

Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions . We need urgent attention from all sectors to restore stability and stimulate growth. So best advice get out of debts, make regular investments be and be financially stable.

[@KristensenJørgensen]

consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right 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.

[@DanielOrstein]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@NatalieFormor]

Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@Robbertskypes]

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

[@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

[@2sides_2everystory]

Caravan? Like a circus caravan?

[@LesOuefsBrouillés]

I'm guessing you're not fromt he UK. A caravan is an RV in the US @@2sides_2everystory

[@2sides_2everystory]

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

[@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.

[@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.

[@Evilewokz]

Yea. He is a bit of a clown show

[@gompie8332]

Obvious advantage of buying a house is that mortgage payments are a disciplined form of savings. Sure, if you invest the (mortgage - rent) amount into stocks each month, that's probably better for your long term returns, but the temptation to spend it on consumption instead will be too big for many people. He's completely ignoring behavioural finance and will no doubt case a lot of damage because of that, Secondly, he's also ignoring that the US was the best performing equity market in the world in the last 100 years, and is very unlikely to repeat those returns, yet he's extrapolating them in the future as if it's a fact. The whole Diary of a CEO channel, despite often having good content, is way too clickbaity for my taste

[@masonwilliams1810]

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

[@planetsuccess6394]

I’m 32 mins in this video and I can actually understand everything he is saying. Sometimes the frustrating thing when you are a beginner is you just don’t get anything that experienced people are saying, he explains it really simple and concisely so thank you so much!

[@camille_ann3]

I am 22 years old, lost my dad about half a year ago and I am going to receive some money soon. Would it be smart to grow my money in stocks for a few years while I am in college and then invest in rental properties afterwards, or should I go for real estate investing first? Any guidance in this regard would be much valued.

[@williamJohnsonq8f]

I suggest consulting with an experienced financial professional. It might seem pricey, but as the saying goes, "you get what you pay for." My belief is that "Expert solutions require expert providers."

[@Joeknowsball247]

Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age of 65.

[@Arnold-ic9jg]

I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?

[@Joeknowsball247]

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

[@AaronTilt]

I found her profile online and reviewed her credentials. She has impressive experience. Thanks for sharing! I've already sent her an email.

[@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.

[@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.

[@Christimony222]

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 ?

[@jasonmaximus6998]

Best comment here haha I also wanna buy a house in Japan!

[@tonyceg8701]

He’s speaking to the housing market in America.

[@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.

[@mbalimaka6393]

I am so happy I made productive decisions about my finances that changed forever. I'm a single mother living in Vancouver Canada, bought my first house in October and hoping to retire soon if things keep going smoothly for me

[@jeremygood3246]

Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

[@mirabellelia9996]

I'm a single mom in Australia Can you show me how to trade profitably, I honestly need another source of steady income

[@mbalimaka6393]

Kate Mellon Bruce is not just my family’s financial advisor, she’s a licensed and FINRA agent who other families in the US employs her services

[@mbalimaka6393]

She's active on face book @

[@mbalimaka6393]

Kate Mellon Bruce

[@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.

[@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.

[@micheal_mills]

High interest rate causes house market declining, less people are buying houses. more empty comericial buildings are converted into residential condos wich results in rental declining.After covid, more people are working at home, artificial intelligence technology has eliminated many office jobs, and commercial buildings are vacant and converted into apartments.

[@donna_martins]

With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $200k savings other than moving in to an RV with my two kids and wife.

[@shellyhayn]

You are not alone we can no longer afford our mortgage, husband wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.

[@Walter_hill_]

I believe that for the market to normalize, there must be a minimum 40% decline in home prices. It is advisable that you get advice for appropriate portfolio allocation from a knowledgeable advisor if you are unsure about purchasing a home. That's how I've managed to survive for the past five years and accumulate about $1 million in investment returns.

[@berkrix4312]

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

[@Kermitsbgc]

true but also factor in available housing supply and population growth. In australia for example, we have a major shortage of housing with a HUGE demand for rentals and a growing population + migration levels. Despite a large hike in the cash rate to deflate inflationary pressures, housing growth has remained strong. That kind of equity can 100% capitalised on

[@KarenLavia]

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.

[@sharonwinson-m8g]

I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.

[@RaymondKeen.]

I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too

[@ScottKindle-bk3hx]

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

[@RaymondKeen.]

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

[@BellamyGriffin19]

Thanks, I just googled her I'm really impressed with his credentials. I reached out to her since I need all the assistance I can get.

[@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?

[@bukki07]

@@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.

[@bukki07]

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?

[@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

[@anaraven]

I learned everything i know from retired millionaire youtubers 😅

[@MathiasLaurel]

It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K 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.

[@LaurenFeller-dd7uf]

Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.

[@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..

[@lowlowseesee]

most of the population can not beat the market. i like the slow unsexy investment Ramit has me doing. I got co workers damn near having panic attacks and adrenaline dumps because they use gamified apps and keep trying to be traders. experts have been proven to not do better than average people lol

[@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”

[@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.

[@serenashaw-q3y]

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.

[@TheBlueskyson]

I sold ALL my properties. What a waste of time accumulating and buying houses was. I completely misunderstood the method to gittin rich. Now i just rent and live stress free. The markets are everything to me now. HNY y'all. ty 4 vid.

[@NineTwo_JQ]

??? May I ask why and how did you come to the conclusion

[@TheBlueskyson]

@@NineTwo_JQi listened to the money expert and not the actual research data or self education/life experience. u get me? ;)

[@JossinJax]

@@TheBlueskysonI mean, by your comment seems like you’re still listening to the money experts.

[@CG-uk1vz]

Sounds less than smart to me. Unless you bought the wrong properties.

[@MynameisJeff.4]

why?you can rent those properties such as air bnb.

[@HugoBergmann-lu4nd]

I greatly admire your dedication to educating your audience. We all strive for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm thankful that I learned the importance of working hard for financial freedom at a young age.

[@LiaStrings]

In my opinion, making a smart investment is not only a technique for earning passive income, but also a profitable way of saving for future expenses. People who fail to make the proper judgments early in life often come to regret it later in life. Nonetheless, investing alone can be difficult and risky. As a result, I recommend obtaining an expert’s assistance. The challenge is not just watching videos and reading investing books; it is about implementing information effectively.

[@StacieBMui]

I’m a contractor, and my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.

[@Wellerpage]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@StacieBMui]

Sonya Lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@lolitashaniel2342]

I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

[@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 😊😊😊😊😊😊😊😅😊😅😊😊😅😊

[@tropicalfoodgarden3668]

Interesting. We bought and sold 2 places in London as a young couple, made a big wodge of cash through hard graft (I was pregnant at the time too, twice). So when we moved to Australia, we could buy a really nice place. Fast forward about 5 years - we became digital nomads. We travelled full time for almost 7 years. The house was rented out, it covered everything. Then we sold it and made a profit last year and moved to a farm property. Love it! So I think it very much depends on the state of the market at that point in time, how much reno work you're able to do yourself and how hard you're going to work. Also, where are you? Markets go hot and cold. London was mega hot back then, when we sold our big house in Australia the market was insane. We went up like $200,000 in value over a year. So, swings and roundabouts, but freedom is priceless. I have no interest in being wealthy. I just love freedom.

[@garethjackson-hx5tn]

Very good comment. You provided more value in several sentence than this entire video. Have a look at how this speaker Ramit Sethi made his money. Similar to many of the so called 'financial gurus' out there, he made most his wealth/money teaching people how to make money. Oh the irony.

[@serenashaw-q3y]

I like your post. I feels very familiar, although we stayed in the UK. I also feel, that women - and married men - have.a different view to single men.

[@Threadbow]

You were lucky with timing there, but worked hard too. So yes timing is v Important and hot and cold times in market can make or break. You have your freedom because of your hard work plus luck timing wise. Nomad life is great but how long have you been doing this lifestyle? Great comment and wisdom from you. 👍

[@stefanoscarsini5813]

You can't buy freedom, especially with the shot

[@BINDERANDREAULRIKE]

I brought in roughly $250K when I sold my Springfield flat. When my standard savings account yielded only $171 in interest, I became irate. I was told to buy stocks after completing some study. Are these stocks a suitable place to begin investing?

[@WilliamsDavid23]

Although the stock market is exciting and can yield a healthy return on investment, professional advice is necessary for efficient portfolio management to prevent market burnout due to its extreme volatility.

[@WilliamsTyler5]

I opened a 5.12863% interest compounded daily online high-yield savings account with the expectation of receiving $2,500 in interest on my initial $50,000 deposit at the end of the month. Rather, I was given just $420. The interest is calculated daily, which is not made plain on the internet, I was informed when I asked. After my spouse suggested that I use an advisor to switch to equities, I saw over 80% capital growth-not including dividends-in just six months. Strongly advised!

[@DonatellaVersace44]

How can I meet this adviser, please? I need assistance investing my divorce settlement because it's now sitting in the bank earning little interest.

[@WilliamsTyler5]

I work with Melissa Jean Talingdan as my licenced advisor. Simply look up the name. You would find the information you needed to schedule an appointment. She is excellent.

[@DonatellaVersace44]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@IevaKambarovaite]

Wrote 4 pages on what rich looks like to me. Learned so much about myself. Thank you. Absolutely brilliant episode!

[@rayb3000]

@@thewayofthejumprope Yep! Invest in Vanguard and Blackrock so they can take your money and use it against you. They will push big companies like Budweiser to forward their message of wakefulness to your children.,

[@BF_official_my]

@@thewayofthejumprope Ramit is suggesting to invest in things like the Vanguard Target Retirement Fund XXXX (2065). This includes other vanguard products such as Vanguard Total Stock Market Index Fund Institutional Plus Shares & Vanguard Total International Stock Index Fund Investor Shares etc. where they tweak the allocation by the years. If you find these too risky, we can always just invest in the S&P500 such as VOO as it provides consistent historical returns.

[@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.

[@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.

[@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

[@NewPalm]

I tried listening to this at work and had to stop the video after a few minutes because I need to tune in. 13 minutes in and this guy has said ALOT of who I am as an individual. Love it!

[@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👎

[@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!

[@Daveyjonesvi]

@@thinkfloyd2594if you can afford you should. Life is worth living.

[@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.

[@RobertCheatham-b4b]

Then what ?

[@inwiththenew]

Any update on how things went with selling? As someone else mentioned... then what?

[@NicolaPellegrini546]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@GarridoLuis545]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

do you think you have more knowledge than an expert? how do you identify that under-the-radar that they didn't? You can do BET. you do your Due diligence and BET that it will go up... but it is never a certain thing. Even the 7% that they mention in funds is not 100% sure.... maybe the best payment is Bonds at 5/6% but that doens't pay the current inflation.

[@moldenm5239]

If you don't know what to do, then buying either US or world broad market ETF if best bet. Otherwise if you are an expert in your industry and understand competitors, then invest with insider knowledge. Be careful of experts who make promises as a lot of people and companies turn out to be scams, pump and dumps or go poof with your money.

[@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.

[@mimitran1447]

I’m doing good. My bills cost 30% of my income. But after listening to this video, I have learned a lot more about investing. I need to learn how to be better. Thank you!

[@elisatseng6286]

The way that Ramit described about how successful people can “craft” their rich life - it’s a form of manifestation! The key is having absolute clarity!

[@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.

[@von2981]

I paid off my house in 9.5 years, and im 38 years old. THe feeling of no mortgage or rent is the best thing i've ever done. I've been maximizing my investment yearly after paying off my house. This is something I couldn't have done if i was renting like these guys. Have a plan and stick to it.

[@barrontrump3943]

Based on

[@zs5002]

Investing only pays off after like 20-30 years, those 10 years you missed of investing will hurt

[@FrancesRyan-b2p]

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]

Stock investment has always been off the chart, it’s either you’re good at it or worse. It’s better to learn from an expert than venturing into stock market on your own 👌

[@AnaOliveira-io1hx]

Truth being told is I wouldn’t have made it this far without the help of an expert, I’ve grown so much through the guidance of Shanita Creswell

[@ArnulfoSzafran]

Wsap 📤

[@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"

[@deepb4101]

There's absolute gold in this interview. Anybody under 25, listen carefully!! And most of all, apply!!!

[@cloudyblaze7916]

t'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.

[@mohican-jx6fx]

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.

[@ericmendels]

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?

[@gregorywhem]

Thank you for the recommendation. I'll send her an email, and I hope I'm able to make something out of it.

[@kjartemis]

@@albacus2400BC Wait, Sharon Lynne Hart? Isn't she the one that exposed herself to all those people at that dog park?

[@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!

[@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.

[@scottarmstrong11]

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.

[@carolpaige2]

@@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

[@matthewthompson0]

the fact that nobody talks about the book called 'the hidden truths of wealth' speaks volumes about how people are stuck in a trance

[@keiranninjaspirit]

@@matthewthompson0 IL need to check it out 👍

[@samin62]

which book is that? can't find it

[@gabrieldelosangeles3313]

I was about to buy it, but its not on Amazon. Who's the author and what YEAR was it published?

[@viiiiideo]

The hidden path to wealth?

[@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😂😂😂

[@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!

[@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…?

[@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..

[@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?

[@BlazedAFGaming]

Rule 1 by under a ltd company not your own name. Major benefits like mortgage interest rates are incorporated in costs and tax write offs. Plus many others do your research.

[@LettingHellLooseGaming]

If you’re reading my comment all the comments above are scammers trying to get your money via fake financial advisors.

[@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.

[@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?

[@kaufmanat1]

Dude, just dump it into a mutual fund. Make your 8 percent. Be done with it. In 20 years you'll be happy with it.

[@nancyl7989]

Dollar cost average to minimize risk.

[@marisacamacho3668]

There's private Funds that pay 8%,9% of MONTHLY compound interest. That's what I started doing in 2020 when I quit my job plus the Finantial Education I was never given at school. Do not expect those benefits from the centralized Finantial systems.

[@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. 😀😀😀😀😀😀

[@saywhatnow57]

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.

[@TryhardFocus]

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.

[@BM-qg7hl]

Buying a house also improves quality of life. But it has to be done in financially responsible manner

[@PabloDon27]

So does living off of passive income from businesses, stocks paying 200 a month rent on a Island in Thailand or South America

[@SydPeppa]

Yes but it can also drain the hell out of you.

[@crand20033]

@@SydPeppa I bought a big house way about my ability to pay for it. Almost lost it many times. But I am now single, collecting social security, rent out 7 of the rooms and make 70K /year. Can't even spend all that.

[@styell5404]

But..how?😂

[@PabloDon27]

@@styell5404 won’t own anyway in 2030 own nothing and be happy

[@KimberlyWillowWood]

Seriously. "Rent don't buy" is one of the worst financial advice ever.

[@DE-Burrows]

Yes, you are right, buying a house is one of the major things in life. It is a way of showing you are improving. It helps you save more instead of monthly or yearly rent. You know what is coming to you and what to save.

[@DE-Burrows]

If you wanna be successful, you must 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.

[@BraxtonScott452]

A major distinction between winning and losing is using the right strategy and of course with signals .

[@BraxtonScott452]

I remember when I just got into crypto back in 2019 but later in 2020, I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .

[@KimberlyWillowWood]

@@BraxtonScott452 This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

[@MecksOnwenu]

I didn't believe I was going to listen through this 1hour 38minutes and 21seconds video to the end! Its really interesting to have these types of conversation at least once every week, because financial literacy is the the true bone of existence with every other thing fleshing it up. Thanks for sharing...

[@Soxandnicole]

There is something going on at this time in the rental market that is new. The extreme increases once your lease is due to renew. It's so bad that some families are finding themselves homeless. Ramit might be wise to acknowledge this new phenomenal and update his narrative.

[@AndyLux123]

Inflation? Not new.

[@Soxandnicole]

@@AndyLux123 Maybe in your neck of the wood, but here it is not only inflation. THere is a greed never seen before.

[@shauna996]

True. Not enough houses were built since 2008 and housing is more expensive now than any time in United States history. We need immigrants to come build for us!

[@jacksonogwindi1653]

​@@shauna996😢😂😂

[@joncrane7661]

​@@shauna996No. Plenty of american builders can do this. Building is a learned skill. Why do you think they opened the borders? Sound of freedom anyone? More people also cobtributes to the housing problem.

[@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.

[@davisdesign]

Best quote of the whole video... "I wish I had this conversation (with Ramit) when I was 18." Yep, me too...

[@berenicedecastilla4980]

The best thing I ever did Buying my house almost 20 years ago. Best decision ever instead of throwing my money away on expensive rent far more expensive. I dont pay any morgage since 15 years and it is such a luxury to have your own nest you can leave whenever and always have a secure place to come back to. It is a ki d if freedom as well. Be cautious with all this advices and personal opinion.I never met anyone regretting buying their house , it is always a good investment too.

[@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!!

[@Andreallln]

Recently came across your channel and I’m so happy I did. I listened to this whole interview and learned so much. I’ve purge book and the journal. My life has just got better and better. At this point, I'm still at a crossroad regarding whether or not to liquidate my $138k stock portfolio. What’s the best way to take advantage of this current market? Thank you!

[@Bobhenry-c7z]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@VanPelt54u7fcyde57]

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

[@roberttaylor662]

Please, could you recommend the FA you work with? I could really use some help right now.

[@VanPelt54u7fcyde57]

Big Credits to ''Pamela Helynn Kirchoff '' she has a web presence, so you can simply search for, there are some others but it might be difficult to get them, but Sharon has been a good guide through the year.

[@roberttaylor662]

Thanks for this amazing tips, I found her webpage and booked a call session with her, she seems proficient.

[@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!

[@jjchef68]

I'm 55, wished i'd seen this 30yrs ago. My son and daughter are in uni, i've sent this to them as I want them to go above and beyond what I have achieved which isn't anything to brag about. Thank you for this podcast👏

[@maytesanudo6611]

I feel you! I’m 37 and feel I should have seen this 17 years ago…. I will teach this to my kids since their first summer job…

[@reaganhalphen4134]

This man is brilliant, I read his book and ran with one of his recommendations and doubled my salary.

[@kaybrown9608]

what book

[@MrsNurse2011]

What was the recommendation?

[@livelife2507]

Which man lol? They both sound wise.

[@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.

[@cephera6874]

I bought and sold three times within 20 years, then purchased my last house cash. Just live within your means. Renting is throwing your money away to someone who doesn't give a sh*t.

[@SmartyPantsDash]

I bought my house during the housing crisis in 2013. The house is now worth 3 times as much. Was the best decision of my life

[@crystalnwoha2141]

You have to sell it though, to realize that income?

[@SmartyPantsDash]

@@crystalnwoha2141 That is relatively easy during the extreme housing shortage in my country. But it's also useful outside of selling it. Because I can get a Construction mortgage easily since there is collateral value between the original mortgage and its current value. Also the original point I was trying to make is that my monthly costs are half of what I would pay for rent. Even when factoring in maintenance, which is almost nothing, owning a house brings more peace of mind. In the Netherlands most of the renting properties are owned by corporationa who can kick you out if they want to demolish the property

[@capedkat]

If you sell it, where are you going to live then?

[@SmartyPantsDash]

@@capedkat Probably another country

[@cheesun124]

@@capedkat realize the gain and then buy another place to move, OR just rent and move when you're ready...gain nothing

[@jasonclark2237]

He is simply explaining the economist thinking - the ability to realize utility shifts as a result of trade-offs. The accounting cost of buying and owning a house is less than the economic cost. Brilliant. I agree

[@raffaele7185]

The most important rule is not to trust people who give you advice how to make money, in exchange of your money..

[@betterlife3574]

"...when I studied human behaviour and PERSUASION and psychology..." ~ Ramit, the guest 🤡🤡

[@Patriciacraig599]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@traviswes7082]

keep contributing! I'd suggest you consider financial advisory at this point in time, remember you are in for the long haul

[@LivaHolst]

I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has tripled in barely one year and half, summing up nearly $1m after subsequent investments to date.

[@LarsBergstrom-uh2eu]

This is superb! I appreciate the implementation of ideas and strategies that result to immeasurable progress. This now leads me to the search for a reputable advisor, mind sharing info of this person guiding you please?

[@LivaHolst]

I've been working with "Kathleen Cheryl Constantz” for about 2 years now, and her performance has been consistently impressive. She’s known in her field, look her up.

[@LarsBergstrom-uh2eu]

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. `

[@clarifyingquestions]

All I can say is thank god I bought a house . It tripled in value during the last 15 years that I have owned it and renting here is an unaffordable nightmare!! I will add that I always had paying roommates and amortized it over 15 years and not 30. So sharing my home with others helped to afford the taxes, maintanance. Also the reason ii bought was to have a hedge against inflation.

[@joemay6907]

What he’s saying is if you worked out how much youve spent on bills and interest on top of the money you borrowed you probably havent earned anything out of your house evaluation. Although your story is different due to income from tenants

[@clarifyingquestions]

@@joemay6907 Im aware - hence my comment so glad I bought. Not only the best hedge against inflation, I have a permanent roof over my head which is also my HOME:) I didnt even need the roommates but did since I had extra space. So glad I did that because it enabled me to pay off my house in 10 years!!! I know too many people who looked at the cost of owning and the maintenance etc mgt and the freedom and cheaper rent and went the rental route who are all living with regret. What I did is very different than people buy-ing a house that they really cant afford. Amortizing over 15 years and paying it off in 10 is the secret sauce - and having paid roommates as a buffer and not a necessity. Meaning I could afford the house without roommates and was not dependent on them.

[@joemay6907]

@@clarifyingquestions yes definitely, i just think people need to understand housing arent investment for money growth. More just investment for life etc

[@Bl00dMalice]

@@joemay6907 Given continual rising housing valuations, it's not necessarily a poor investment. It really depends, like on where you're buying, when, and how you're leveraging your debt. Even the interviewee said to "run the numbers".

[@joemay6907]

@@Bl00dMalice yes definitely, however i hear alot of people say they’ve earnt triple out of their house etc. while it may be the case their house value has tripled, they have probably spent the equivalent on bills, and interest on top of their original mortgage. That they are more likely only 5-10% in positive equity

[@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

[@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.

[@BayonleArashi]

Ramit Sethi and Dave Ramsey changed my outlook on money for life and I only knew about them at age 41. Thank you for this conversation guys.

[@jonkuderer]

My passion and hobby is home renovations and putzing around so I bought a house. It also helps that I bought in 2017 when I was 24. I have too many friends who have bought houses thinking it was the dream and they have no idea how to take care of it. The "Twice the Cost" is completely true for them, because they have to hire someone to literally fix anything.

[@annasad]

People made an insane amount of money in real estate from 2013 to 2021. That money was unreal as compared to their main income source. There is a place and time for anything. Canada is still importing 1 Million people every year and hence will avoid recession to explosive population growth.

[@CityCinderella]

Glad that makes you feel really good about yourself 😂

[@annasad]

@@CityCinderella Not Really :-(

[@senzatieee]

Twice the cost my ass. Spending £300 once a year to have an electrician change some plugs doesn't compare to how much money you waste by renting and the uncertainty in your life, having to move out, find a new place, take all your furniture with you etc.

[@SpiceScholar]

I really like Ramit's take. It's very relatable, pragmatic, well-rounded and sensible. Very valuable session and truly applicable for regular folks. Thank you both!

[@maryanyone]

The tale of three sisters in the same city: All rented and saved for a long time. Two rented together... until the landlord decided to sell. Both bought separate homes. One struggled a bit in the first 5 years or so, as there were some unexpected maintenance costs in the first few years, and she wanted to pay off her mortgage before she retired. The other was fine as she was not stressed what with her great pension plan. The third continued renting and investing from a very small earnings pool. 20 years later, the homeowners are giving thanks for owning as rents have skyrocketed. The owners actually intended to sell and rent in retirement but realize now that they will not be able to afford to do so. They both exhale with relief every time they think of the purchase choice. The third sister? Well she continues to rent in a very rent-controlled environment, though her landlord has tried every way to find loopholes to increase her rent... and then he sold. She lives in constant panic that she will eventually lose the battle to keep the unit and the very low rent that she's paying now. Should she get evicted, she will not be able to rent any where within 300 km of where she lives now... and forget buying as house prices have quadrupled since her sisters bought! Her savings have not. Ownership is not only about money but about security and peace of mind! I would really like this guy to run figures on how he was going to manage the ridiculous rent increases in London, and how that compares to the growth in his portfolio. Numbers matter in all circumstances!

[@stevenmcbride9773]

He literally said that buying a house should be a personal decision

[@bakeraus]

He's telling you to run the numbers, a lot of people get into the housing market when they can't afford the home. You put yourself into more debt and that takes away your security if you can't afford the repayments. Most people think owning a home is just that you have repayments sorted, there is a lot more involved. I think owning a home is a good thing but they take a lot of maintenance $$$.

[@joseo.portugal4106]

Etc😊😊 cuz yzztar😢dxa@

[@EricAlHarb]

@@josephineb5643put it into the market. The market built murica stop being a goose.

[@lucybrenton149]

@@josephineb5643401k can be stolen by the government. Buy gold, silver, food and guns. Those will actually hold their value.

[@TaniaLato-ky4wo]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@Janise-pg8yr]

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

[@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?

[@kneadboy13]

Purchased my first property at 17 yo, my husband bought his first house in the late 90s. We have a combined tally of (5) properties both in CA and in Hawaii, all of them create many thousands of dollars per month in passive income as vacation rentals or travel nurse rentals. We are able to retire early because of this extra income. Rental properties that create passive income that have modest upkeep and maintenance are excellent investments. Good luck.

[@stonedapedefunct7131]

Yeah, you grew up in a different world a thousand times over...Who the he can just go buy a house at 17 nowadays?! You have any idea how difficult things are out there??! This is so detached from reality it blows my mind.....

[@kneadboy13]

@@stonedapedefunct7131my first property was a 3-acre parcel sans house and cost $12500, which is easily recreate-able in todays market.

[@Beckywiththegoodhair9]

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.

[@LS-db4qi]

I bought a house at 65 and haven't regret it yet. I got it for 4.5 interest, 5 yrs later refinanced it at 2.5%. and my home was build 2002. Bought it for $97,000 today it's worth 225,000.

[@dannacasas8524]

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

[@Aldjdjdj]

Hey great story, please keep us informed of your journey. Just a thought, I noticed the book that got you started was written by Jared Martinez. Jared is known as The FX Chief, he owns a company, Master Traders Institute ( MYSTICFLIP )in Florida. I am sure he would appreciate your story.

[@tjahangon7286]

I bought a house with a mortgage. Later I find myself prisoned in that area because of me having to live in the house. Later, I moved to another city and rented a house there. The rent cost is paid from the rent income of my house. Now I realized that I can move anywhere by renting a home in a city that I wish to live (and move and move again)

[@camilleandriette]

Good job. In my opinion, your happiness is one of the most important investments as it affects your quality of life. I'm doing the same, but inherited a house with a mortgage from my deceased mother. Over time, I will make more money renting it than selling it in the current market.

[@Hummingbird25]

This was actually very interesting and informative. I’m someone that scares away from financial talk and planning bc of my limiting beliefs I’m trying to overcome. My goal is to get more financially savvy and learn more about finances. This episode was certainly in the right direction

[@duncanmcdermott9041]

Brilliant, I was in the same position as you before. I fell into a role working within financial education on a temp position which ended up lasting 3 years. I learnt a great deal there and its changed my whole outlook on money. It's great you've started on this journey to get more savvy around your finances. Two channels that have really helped me also which I think you will love, the 1st is specific around money. The second link has household names and some great discussions around money, Steven has also been featured on there. I hope this helps. 1. youtube.com/@MooreMoneySecrets 2. youtube.com/@RobMooreDisruptors

[@conorwhite2066]

The problem usually is people go to an investment advisor.. and get machine gunned by all these financial terms that exhausts and scares them off

[@Striker50_]

@@conorwhite2066 Keep in mind Ramit isn't a registered advisor and the advice he's giving is not efficient

[@rannyorton]

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.

[@belljoe]

I don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.

[@smithlenn]

This seems like the worst period. Even the markets are very unpredictable. started investing recently when the market prices were a bit high ,today i am more than 60% down

[@dawsondanny990]

I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.

[@smithlenn]

Fantastic! can u share more details?

[@dawsondanny990]

She's known as 'Julia Hope Marble'. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@christinefrancois6371]

Honestly, this was one of your best interviews, Steven! I've heard similar advice before but this inspired me to immediately start writing out my vision for my rich life-2 pages so far! 🥰 BRILLIANT!! I'm so grateful for you both!! I don't live in the US so started investigating the options for investing in ETFs. Again, as a more mature consultant and entrepreneur...AMAZINGLY TIMELY! BLESSINGS!

[@maureen...]

$100K BY THE END OF THIS YEAR? HOW ARE YOU GUYS MAKING THIS MONEY?

[@Mayor1248]

you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.

[@vincentstewart1843]

You are right, I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.

[@noblelin5949]

These guys selling content

[@cryptotronic7908]

I trade Tesla. It does take more effort than a throwing in a mutual fund every month, but I crave the gamification to keep me interested and paying attention. The reason I trade Tesla is because it has enough volatility to make (or lose) a substantial amount of $ in a relatively short amount of time and it is relatively easy to figure out when to buy or sell. The hardest part is having the patience to wait for the right entry point , which is usually t

[@jdr4674]

Two or three cents from me: - Buying a house here has been treated equal to taking a mortgage. You can also buy a house cash. The calculation is dramatically different. - The S&P currently yields about 2% and past performace does not indicate future returns. Arguably a horrible investment too at this point. - Peace of mind is important. Renting and having the money in the stock market is generating constant stress I chose not to expose myself to.

[@andyyang4872]

Yup, I agree on your point, but most people cant buy houses on cash and most likely need mortgage to buy a house - especially with housing prices is 10-30x of median wage. It takes almost 100 years for a average man to save and buy a house full cash… So my two-cents and key learning is: 1. Run the number carefully and deeply before doing a big financial decision. 2. Spend your money based on what you think is important. 3. Have your own personal goal on your wealth and with a timeline how to achieve it. P.s, s&p 500 survived all the great crashes in the past 100-200 years. Assuming if the US and the world economy keep growing… so yea we just need to spend below our means and be prudent how to spend it

[@maryanyone]

The tale of three sisters in the same city: All rented and saved for a long time. Two rented together... until the landlord decided to sell. Both bought separate homes. One struggled a bit in the first 5 years or so, as there were some unexpected maintenance costs in the first few years, and she wanted to pay off her mortgage before she retired. The other was fine as she was not stressed what with her great pension plan. The third continued renting and investing from a very small earnings pool. 20 years later, the homeowners are giving thanks for owning as rents have skyrocketed. The owners actually intended to sell and rent in retirement but realize now that they will not be able to afford to do so. They both exhale with relief every time they think of the purchase choice. The third sister? Well she continues to rent in a very rent-controlled environment, though her landlord has tried every way to find loopholes to increase her rent... and then he sold. She lives in constant panic that she will eventually lose the battle to keep the unit and the very low rent that she's paying now. Should she get evicted, she will not be able to live any where within 300 km of where she lives now! Ownership is not only about money but about security and peace of mind! I would really like this guy to run figures on how he was going to manage the ridiculous rent increases in London, and how that compares to the growth in his portfolio. Numbers matter in all circumstances!

[@ocelotjazzz]

Money makes a big difference. I’ve hit the jackpot with party bar style bars. Just bought a house in cash and building two houses in cash. Once a mortgage doesn’t come in to play it’s a different ball game.

[@Yasser-hy8tn]

S&P500 has gone up 60% in the past 5 years alone

[@thewayofthejumprope]

Needed this. Can you clarify…Is Ramit suggesthing that is is wise to invest 5-10% on income monthly into a fund like vanguard ftse all world ucits etf usd? Just want to lnow whether I understand correctly.

[@FourkidsFarms]

What most people who say buying a house is a bad investment forget is Rents go up, mortgage payments don’t, So when your 25 years down the road with no mortgage, or your paying 50% of your income in rent

[@NutsNBerries]

he said people with a mortgage are still paying more...

[@wattsonwithclover]

Omg I needed this advice 30+ years ago. It's not too late and there are tips I am introducing in my life immediately. I will definitely be sharing this with everyone I can. ❤