Wall Street is DESIGNED To Keep You POOR (Here's How to Beat It)

Ken McElroy talks about how traditional financial systems, like retirement accounts and insurance policies, are designed to funnel money away from individuals and into corporate hands. Discover the tricks to regaining control of your finances through education, self-management, and smarter investment strategies.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: mccompanies.com/
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DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’
Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
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#kenmcelroy #realestate #realestateinvesting #financialeducation #WallStreet #MainStreet #retirementaccounts #insurancepolicies #pensions #OPM #otherpeoplesmoney #wealthbuilding #realestateinvesting #financialindependence #inflation #selfeducation #personalfinance #moneymanagement #stockmarket #alternativeinvestments #financialliteracy #moneyflow #controllingfinances #financialsystem #investingtips #cashflow #passiveincome #retirementplanning #financialcontrol

[@KenMcElroy]

If you enjoyed this behind-the-scenes video, share it with someone who’d find it valuable-your support means the world!

[@Rob-r2s]

Robert Kiyosaki opened my eyes to this about twenty years ago. I didn't quite understand it till about 2016 but I didn't have extra money to play with. I did however purchased a beautiful property for less than land value with an unfinished and rotten home on it in May of 2013 on the day of the bottom of the market for 1/3rd of raw land value and it came with all of the improvements. A 5,342 sq. ft. custom home with a well, septic and leach field on the river with a waterfall. It also came with two tax partial ID's that I plan on developing the other lot when the market crashes again. I paid 87k. The original home is worth 1.6m and I plan on selling it as soon as I'm finished fixing it up. It's still a work in progress as I'm paying cash for the materials as I go. I do all of the work myself with no hired labor as I don't want to spend my nest egg on labor. I'm open to hiring labor to help me but It's very difficult to part with my stack of silver right now as I'm watching the prices go up. I've got about 550k in that. I plan on silver taking off as the market crashes and that's when I plan on purchasing a tenplex using debt. Currently, I'm debt free and I really like being out of debt because it's safe. I don't plan on leveraging my home to purchase an apartment building. I plan on selling off the 5,342 sq. ft. home but keeping the other lot for my primary residence that I plan on building a 40 ft. wide by 48 ft. deep shop with an attached one bed one bath apartment to live in. The funds from the sale of the large home will help me to afford the materials to build my shop/ apartment building. The rest of the money will go into a down payment on an apartment building. If silver really takes off like I think it will than I'm set for life and won't need to invest it in anything. If it increases only a little bit than I'll use that to purchase an apartment building and then retire. All I want to do is have a little place to call home, a nice sail boat to sail around the world and enough money to support that lifestyle. I feel like I'm almost there but still stuck between the rat race and the fast tract. What opened my eyes on what your talking about in this video is when Robert Kiyosaki had you as a guest on one of his shows. That was eye opening for me. I have several options to get to the fast tract but the market is about to crash hard. I feel that I should wait till that happens first and then invest. I could also build apartments or purchase a five acre lot and build a main home, a detached mother in law home and a 40x60 shop that I rent out separately and then repeat that process on another property till I have about ten rentals which is all that I think I need. What would your suggestion be to me?

[@tw2800]

Ken how much alcohol have you had to drink before making this video?

[@mydressmemos]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.

[@LUCIASMITH-d1z]

During such moments, it becomes crucial for investors to remain vigilant against future certainties. It is not necessary to act on every prediction, so I recommend acquiring the services of a financial advisor who can offer guidance on when to enter or exit specific stocks/ETFs you are interested in.

[@richardhudson1243]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $850k.

[@JacobsErick-u8r]

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

[@richardhudson1243]

My CFA Melissa Terri Swayne , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@winifred-k9e]

I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks

[@JCTEAM60]

I took over managing my money several years ago and had to educate myself (and continue). Breaking the third party model is difficult for others to comprehend and most people laugh at the “risk” that I am taking on. But, like Ken says, most people hope that their investment advisor will make them money with no idea how or if it will happen. Ignorance is not bliss.

[@toxichammertoe8696]

Ken sounds like he's a little tipsy...Bad audio and recording (we can't see the important info on the board!)

[@westganton]

Had to zoom out for the glamour shot

[@spicyp8864]

Do you have recommendations of where to learn financial literacy?

[@symlexbrn5396]

Never ask that question, you will fall into a scam

[@Diiimonds4Evr]

​@symlexbrn5396 feel free to ask that question, you will not fall into a scam smh. Start be reading RICH DAD POOR DAD. It begins to open up the mind towards thinking differently. Good Luck!!

[@adesireforyou]

The voice sound is so weird man and I can barely see the board

[@Santamess]

That was sooo confusing. I couldn’t read what you were pointing at and you never said how you approached those money people to get the money. The editing wasn’t good either. Bummer! 😢😢😢

[@Easyservice-x8q]

Great video very nice discussion

[@ronkellam8184]

Is he looped?

[@Amberabove]

The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. So how exactly can we guard against the coming financial reset Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $310k stock portfolio.

[@jeffDwyer1]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

[@wmwoods-l4f]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 75 cash earning 5.25 interest, 685k in roth ira, 120k in 401k, Gold and silver bars. age is 48. My advisr helped me realign my portfolio to my risk tolerance and it boomed shortly.

[@Jakepattison42]

Can you share details of your advis0r? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

[@wmwoods-l4f]

Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@Jakepattison42]

@@wmwoods-l4f Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@WeatlhTube]

Thank you for the information!

[@danielj3010]

Josh GETS it.

[@KristinaPinto-w1v]

Thanks for the analysis! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@risahalpin8751]

Thank you for your GENEROUS sharing of knowledge....spent last 2 years absorbing from you and Kyosaki....working on a third rental and the utilization of infinite theory/reality!!

[@FireOElijahMC]

It’s amazing how much beliefs they teach us around money hold us back. How is nobody talking about 'Forbidden Laws of Wealth' by Victor Hayes, it really opens your eyes.

[@meditim2032]

I got it, truly a good book

[@thomasbetts01]

I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm glad I learnt early in life to work hard for financial freedom

[@michaellaw321]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be.If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.

[@ANDYPADOVA]

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

[@theTeslaking]

Who is this person guiding you and how can i reach he/she?

[@ANDYPADOVA]

Finding financial advisors like Sharon Ann Meny 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.

[@theTeslaking]

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

[@georgen26]

wtf, is that josh?

[@prentoskir1]

I learned nothing

[@ClarenceFerland]

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

[@sarapalin]

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

[@bennettross1]

The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.

[@masterotrunks]

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

[@DianaLinden-l6q]

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

[@mirchimome]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@georgelien]

Once you give to a bank, it’s no longer “your money” but you loan it to that bank.

[@chriss4365]

How do you suggest we can function without a bank then?

[@georgelien]

@ It’s not about that >__< It’s about changing our false understanding of banking, finance and money.

[@georgelien]

Banks can provide us with many services >__< We just have be aware with what we are doing with the banks

[@aiviewsandnews]

Thought-provoking insights! Do you believe there's a middle ground where traditional investment vehicles and self-education on personal finance can work together effectively?

[@symlexbrn5396]

Why are people now so obsessed with the idea of being wealthy ?

[@pillarcloud8266]

Why do you sound funny ? , using ai ?, really weird producing

[@thecomrade9284]

Cut corners, buy everything, monopolize, price fix, and gentrify. This is his expertise...

[@ElJefe360]

He is not Ken. They using AI now and replicate Ken’s body and voice 😎✌🏻

[@JoshuaHasha]

Sounds like my man had too many drinks for lunch

[@kjk11719]

​@@JoshuaHasha Lol

[@Wetrippy]

@@JoshuaHashathat’s what I was thinking. He sounded a bit tanked.

[@sirsaltymcsaltertonjr.1428]

Sounds like Josh from Gammons channel

[@BrittSoderberg]

Bad lighting.

[@legacymindset23]

you can self manage a stock porfolio or a dividend paying portfolio just takes a little bit of leg work.

[@shawnemployee6906]

Really bad title that doesnt have to do with the video. Should of titled it "How banks invest your money and how you can do it yourself"

[@WealthyChronicle]

What if the 'education system' is the first thing that needs to change to break free from the financial traps? 🏫💰

[@jgg204]

The triple formula win... 1) Have a W2 job to get started. Max out your Roth 401K and HSA buying Vanguard VTI total market index fund. 2) invest in cash flowing assets using other peoples money (ie bank money), using the cash flow and bank money to keep investing and buying more assets that cash flow. 3) Keep adding to your income until your asset income equals or exceeds your W2 income. Then you decide when you want to get off the treadmill, or just keep going. The key is to keep maxing out the Roth 401K and HSA AND to keep buying assets. Never sell. Keep buying.

[@toxichammertoe8696]

Roth IRA SUCKS AND 401K SUCKS but Explain to me what the ASSEST to buy you recommend?...You must be a fund manager trying to sell us 💩

[@timothyrussell1179]

I appreciate it but I *cannot read the board* you are sketching on for the vid.

[@howardfink8584]

This guy speaks so broadly and he doesn't make any good points. His wife does the same thing. What a grift.

[@Wetrippy]

Read his book and then tell me he’s broad.

[@shawnbrewer7]

AI videos have improved, but they are still far from being realistic.

[@thecomrade9284]

How goes the price fixing and gentrification of America Ken?

[@jamesh.5660]

Definitely add this style of videos in the rotation. "Re-educating the educated", this is how I view this video. Thank you and your team as always.

[@Itiswritten121]

Thank you Ken!!

[@youmayberight2434]

Thank you for sharing your knowledge with us!

[@christinajones7319]

Hey, Mr. Kenny! Thank you, for helping us. I have you and Mr. Robert K.'s books. I hope to meet you, guys one day!

[@BrandieTidwell]

From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family. ❤️

[@thecomrade9284]

Couldn't do it with the 2m cash stack that produces those returns?

[@Futralhundson]

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

[@JohnBush-d7z]

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

[@Futralhundson]

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

[@LysterCushard]

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

[@CordoneDavoren274]

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

[@veromudia5721]

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

[@BrandieTidwell]

Thanks for the update, keep up the good work. Learned a lot from my market journey, especially the importance of living within one's means. With Miss Elizabeth's guidance, my nest egg has grown to a 7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind