Wolf of Magic Presents: Leverage and Debt is how Wealth is Generated

PROUDLY: The Largest UNAPPROVED/ UN-COMPROMISED Magic The Gathering Channel in the world filled with Greed Monsters Evil Investors and Women.
PATREON : / alphainvestments
SHIRTS: www.ebay.com/it...
~FAN MAIL~
Rudy's Magic Store
10950-60 San Jose Blvd.
Box # 139
Jacksonville, FL 32223
Special Item this month
99.99 - 6 Duel Deck Variety Case - NO LIMIT
1. Zendikar vs. Eldrazi
2. Elspeth vs. Kiora
3. Speed vs. Cunning
4. Blessed vs. Cursed
5. Nissa vs. Ob Nix
6. Mind vs. Might
Normal Boxes available for November 2017
MTG - Iconic Masters
MTG - GateCrash - 69.99
MTG - Ixalan
MTG - Hour of Devastation
MTG - Amonkhet
MTG - Aether Revolt
MTG - Kaladesh
MTG - Shadows over Inn
Force of Will - Ancient Nights
Force of Will - Return of Dragon Emperor
Force of Will - Echoes of New World
Final Fantasy Opus III
Pokemon Crimson Invasion
Pokemon Burning Shadows
Pokemon Guardians Rising
Pokemon Sun / Moon
Pokemon Evolutions
Pokemon Fates Collide
Pokemon Steam Siege
Pokemon Breakthrough

[@Backiinthegame]

Don't wanna sound like some smart ass, but debt kind of reminds me of the discovery of fire. Those that fear it and don't learn about it stay away from it deeming it too dangerous and unpredictable but don't evolve, those that do dare to try and use it to their advantage either get burned by it whether by misusing/abusing it or become all powerful when they learn to harness it and create a harmonious balance within the cycle. Fascinating how much we can relate the concepts of business/finance with everyday life

[@justinbailey1108]

Jason Yu good reference. Being rich is deffinently a game with fire.

[@TheShawny133]

That is an amazing analogy !!!! Given the average age of the guys watching I wish Rudy would've ended the video with a bit of a warning. We are currently at the top of a massive asset bubble .... the only thing worth holding rate now is cash!(IMO)

[@Vizzeable]

"harmonious balance" only for the one who made it....

[@AgonifyeR24]

Debt to increase income ===> good Debt to buy consumables ==> bad

[@zoalord12]

in a nutshell, THIS !!!!

[@JarredJuett]

Completely agree. Rudy knows this, too. He just hasn't made a clear line here.

[@richanderson1275]

Also - debt to decrease long term outgoings ====> good too. I’m thinking mortgage over rent etc. but seriously, never borrow money to buy something that you yourself wouldn’t buy second hand.

[@CollectWithRyan]

Lies, debt to buy chicken nugs = good

[@Fractal227]

You are not the boss of me

[@josecuervo8487]

is there a chance you can create a playlist containing all your business related videos?

[@fintech8445]

im doing one on my discord now lol

[@markmercado7428]

@@fintech8445 can i join and have access to the biz related playlist?

[@newtopokemon]

@@markmercado7428 yes its under Rudys business school with a taco LOL i am still working on it

[@juniorgargan]

hello guys

[@davidk.1917]

Rudy just described my cubical at work to a tee, and I chose it due to seniority. It's literally the nicest cube at the office and it's defineitly by a dead plant and dreary window... Rudy is the man.

[@kenyovass1925]

all this drama going on and Rudy uploads a video about responsible debt....keepin it classy Rudy! This is why I'll stick with this channel.

[@V3rciS]

Kenyo Vass I fucking left a comment in the last video of professor "in all that drama and drama queens the only one with balls is Rudi, he is simply above all that petty non sense"

[@tzera_rhuon]

I hope that Rudy does not get involved, he is the 'safe space' in all of this.

[@henriquearaujo8618]

came here to say exactly the same. WAY TO GO, RUDY!

[@Banterbear]

Oh man, I didn't know there was any drama, but then I don't watch particular toxic 'mtgtubers. You know who they are. They love the clickbait thumbnails.

[@nickydee569]

I'm never touching another WoTC product ever again. I can still use Rudys advice tho

[@jaybyrdcybertruck1082]

Is this a therapy video for the enormous amount of debt Rudy is in right now? :O He must be going bankrupt!

[@DonAgnus]

"Today we're going to have a very educational conversation about important things in life that society tells us are not important because we've all been wired to face the same direction." Powerful

[@orianna1220]

im not even a magic the gathering fan, ive never played the game and i dont even understand it but for some reason i watch your videos. maybe for content like this but usually your pretty entertaining and throw in some KA-NOW-LEDGE every now and again you sir have earned my subscription :D

[@REON-pw5ze]

Morgan Guenot Bro, you should give a try,and play Magictg . Make you wise It will Young padawan

[@orianna1220]

i would but its kind of like hearthstone and by that i mean i don't know where to start. what cards are good, what cards are rare why play certain cards to start. maybe you should branch out and teach people the game i would be interested in watching a hopefully a few other fans as well.

[@4444lowbrow]

I really like how similar this vid is to your older one on (to paraphrase) building and wielding credit and lines of credit... really wish this was all mandatory middleschool level economics stuff.

[@panthar1]

Rudy is exactly right on this. I built a on-the-side eCommerce business (not MTG related) out of pocket, but, had we of taken out credit ASAP, we would of been a lot further ahead now. That said, there is a major trade off to consider, the risk of taking out that much credit on a startup is also very high. Had we of not been successful (most business), then I would of regretted taking out credit only to have to pay it back. So to anyone thinking about this, just remember, there is risk both ways. Go the route that suites your appetite for risk. I am not unhappy with our decision at the time, but, in hindsight, given that we did succeed, we would of been better off now if we took out a credit line.

[@ryanendersmith]

"A little bit of you just died in side" - with that fucking look on his face. Well played Rudy, well played.

[@mikechurchill1071]

I fucking love you Rudy!!! Quote of the week”that interest will out run you and eventually crush you and that’s something I like to avoid!!!!” Classic Rudy

[@TheDarkElder]

Great what YT puts in my suggestions. More cat videos! I remember you talking this in a much later video, like early 2022 or late 2021. Back here you talked about "them", in the later video it's "us". So you also moved up, fancy to see your work and tricks paid off. Keep it rolling, Mr Cat Rudy.

[@danielgrube4371]

You are 100% correct. I grew up dirt poor. Studied credits cards on my own and was able to get excellent credit rating. Now I can do as I please. Great advice Rudy, see, your not so creepy!

[@Atanar89]

The first 1 minute of the video is already great advice. It's just true no matter how much most of us dislike it.

[@projectedenable]

so rudy took on a bunch of debt to buy a huge amount of iconic masters

[@bboyle28222]

So someone with 10 million is assets could take on 2 million of debt on margin at 1.9% then find people to loan money to at 6-8% then profit off the percentage difference. Reminds me of one guy I knew who would take out all the cash on 30 credit cards at 0%APR for a year, dump it all into CD's for a year, pay the minimums for they year, pay off the debt when CD's mature and profit on the CD's interest rate.

[@reidr7288]

Can Rudy get Jim Cramer on alpha investments?

[@dragonkid203dracorumregni4]

Reid Taco I would even be super game for Rudy on mad money!

[@sunnohh]

Vercusgames ..... holding would have bought you into this market, the madman is right even when he seems wrong

[@mikechurchill1071]

The lighting round with Rudy woooo. Set up all your beta black lotus outside in a storm and have them get hit by lighting 😱

[@christmas6666]

Grant Man I am the button.

[@jmonty911]

My favorite Rudy videos. Eye opening for us first generation entrepreneurs.

[@travisrose2277]

This is still one of the best and realest videos Rudy's ever released.

[@looshkin66]

I havent played Magic since 4th edition when I was in 7th grade......Rudy is just interesting as hell to listen to whilst i clean up around the house.

[@Wisher3000]

Rudy, thank you for this kind of videos, every time it feels like I learn about something that might be useful at some point in my life.

[@schucker88]

The vast majority of personal debt is due to being irresponsible, hence the negative stereotypes or connotations. Debt for business is almost a necessity - a business with a plan asking for debt is being responsible.

[@jovarx2064]

Write down your goals and put them somewhere you use everday to remind you want you really want. It takes determination. Live like a peasant till you can eat like a king.

[@TheCardCollectingGuy]

I'm so happy Rudy is out of this drama, mostly because I think he admires all parties involved. I'm just so relieved to see a Magic video today.

[@rizrizriz]

I am 30yo and I guess I really need to have a credit card. That thing in the back of my mind? Yeah Rudy you're spot on.

[@Madlittlepixel]

Rudy stay the safe space and keep on educating dude! Just wanna hear about the Timmys, floppy tacos... no drama. Thanks and keep on taking care of business!

[@bilbelow303]

Debt in the private sector has traditionally been discouraged because people generally are not taking debt to make money. The average person's debt lies in paying for a car or house, neither of which are actively making money. Debt to make money is smart if you know what you are doing (especially give our extremely low interest rates in the US).

[@UT91490]

The reason why you have less debt if you are a bigger company and taking on more debt, people (bank, brokerage) loaning you the money can dictate what you spend it on. Just like a donation to a not-for-profit can be restricted. Plus in a liquidation, debt gets paid out 1st then preferred stock and if anything left over (usually not) goes to common stock owners. Plus they rate you on debt worthiness before they lend anyway.

[@UT91490]

Also Rudy, I love your vids man, I've been watching for about a year now! As an accountant I understand the terminology and logic you are trying to spread and I love your channel because you aren't just spouting random ideologies without any sort of background in the field. Keep it up!!!

[@kriskool3095]

Easy. Q: Why are interest rates lower for bigger loans? A: Because the total interest $ from a big loan will always be greater than that of a small loan, no matter what the interest rate is at! It doesn't matter if the interest rate is high or low. If they borrow more money, then you make more in interest. Period.

[@thaddeuskilpatrick8895]

I know you mainly do MTG Rudy but, I love when you talk about this kinda stuff.

[@willm991]

Rudy this garbage pile of nonstop content has got me all hot and bothered.

[@chrisgaus7594]

giving me a raging clue

[@fomoran]

not their best

[@serpico3377]

Apply tacos on the burning parts

[@shadowmanx7558]

Holy moly Rudy what's the occasion, court, wedding or funeral? Looking sharp!

[@IronsightV2]

Comb-over Rudy is the greatest KZbin'r of all time.

[@seb_social25]

I like you Rudy. Never change.

[@emachine310]

My grandpa had a saying he would remind me of every now and then. "Un metro de mostrador es mas mejor que un buen trabajador" which roughly translates to a "display case is better than a hard worker". He basically encouraged us to be our own boss and run a business than to work a 9-5 in someelses business

[@guymontag2325]

emachine310 which is sad because nowadays capitalism gravitates towards consolidation and increasing efficiency/mitigating risk by joining the higher power. The moment Walmart comes into small town is the day you start the clock for all mom and pop stores who can't fight a huge national entity that can take a loss for many months. And less than 20% new companies survive past 5 years as the self employment continuously falls in favor of the corporate culture. I've seen it in my city as one of the main streets that was a colorful mosaic of stores and businesses slowly descended into boring lane with 40 banks. Guess who pays higher rent. Also large malls entered the game and over time less people were their own bosses...

[@JBBost]

"Sometimes you just gotta go outside, chill the eff out, and look at the sky." Rudy finally makes a comment on the drama and it was fucking beautiful. Keep on keeping on, Rudy.

[@Davidsmith-lw8gb]

It is simple it is a house of cards. The poor guy has few and it collapses fast/easily. The more money and assets you have the more flexibility you have. Move it around shift it whatever. Simply too few resources and too many actions need be taken for the poor dude.

[@AbsolutMassager]

Love your video Rudy! I used to do investing as far as house flipping collecting silver/gold maple leafs, sadly much of that is gone now due to events in my life in which those net eggs had to be used but I still have a fair amount of maple leafs left and I'm hoping once my new job truly takes of to get into Future's/Contracts to feed my hobby of MTG/create a good nest egg.

[@CJToasty]

I love these kinds of videos, rudy really knows how to put things in an interesting viewpoint. Really wish there was like an intro to getting started in investing and how to actually use some of these tips.

[@heshreds4049]

Rudy! What do you major in / where do you go to learn how to do all of this investing? What steps did you take to learn the things that you know now?

[@snakemont]

TEaching me on a daily! Thanks Margarine HAir Rudy! Never seen you so formal!

[@michaelglover3039]

currently slowly grinding up my credit rating for my first mortgage in a few years, CC are not as bad as people make them out to be, as long as you get a good interest free time and you pay back every now and again.

[@gosisthebest]

consistently one of the best youtube channels on the internet right now never stop rudes

[@matthewbodnarchuk909]

I have been watching for about 6 months, this was my favourite video so far. Rudy is a smart dude. Thx man wish I could sit down and pick your brain one day

[@StarcoreLabs]

Rudy consider creating course on debt use and management. People would buy it.

[@holama123456]

Love this series so much, came for magic, stayed for the life chaging floppy taco experiences sharing.

[@primedialga]

if you watch closely you can see some flickering in the greenscreen around 10:00

[@scottkelley4517]

Thou hath given the truth and will lead the path of righteousness in the wake of the unbelievers, the church of Rudy has spoken and have given the the light to the lone wanderers.

[@cdub531]

Rudy I know nothing about the cards just love the channel and enjoy the info.

[@ErasMcras]

I cracked up when you said people shouldn't take cash advances. I work for PNC, their branches won't do cash advances, not even our atms. Customers constantly call in wanting cash atm (see what I did there) I've even had people tell me that they shouldn't be charged for withdrawing THEIR money, because that's definitely what loans, and lines, and advances are. Your money, your debt.

[@PKPAPN]

Rudy, I just wanted to say I appreciate you staying out of the stupid drama going on in the MTG community. I appreciate some good ol' financial advice from papa Rudy in these times.

[@lucyfaery2505]

Best series on KZbin

[@pdmkdz]

I find it funny that more I watch you and more I think your channel is not about MTG but Finance, with some TGC involved and used as example easy to understand. I actually slowly love it more and more :D

[@DC-je4pm]

I don’t do MTG. I just come here to watch Rudy transcend the meta. I know a genius when I see one.

[@stevinacanstevinacan9618]

because if your worth 10M in liquid assets (which they'd need to be for the IR your referring to - post Dodd Frank see how they treat someone worth 10M in houses they rent out)and if you take out 2M in a loan it'd be very easy for your to pay it back if shit hits the fan. Also its the cost of doing business. The points on 2M pays far more bills of the lender then the points on a small loan. Also the way loans work (making 1-6% per loan) means if they get it wrong they need to get it right 20 - 100 times just to make up for that one wrong bet.

[@haelsin0009]

Rudy, you mention some of the people who mentored you along your life, and it made me curious. Hypothetically speaking, if someone were interested in your mentorship, what would your hypothetical answer be?

[@Th3budtender]

your connecting with me Rudy...when you give these talks I want to call you father figure Rudy...I've never had these talks with family members I find this all very interesting!!! I've been thinking about getting a credit card I work a basic ass job my dream is to open a card shop one day

[@markc6571]

Thank you Rudy for your mentorship

[@justin-db7hw]

I opened a margin account with a credit rating of 550 and reported negative assets and they still let me buy 3k worth of stock with 1k upfront. Then as your stock goes up they offer to lend you more, so you can buy more stock without selling any or putting more money in. Now I know how the stock market crashed

[@eugenesesmaiii3278]

Thanks for making me realized how fucked I am. Not even a joke.

[@BDS1313]

can you talk more about transferring debt from one credit card to another with 0% APR for 12-18 months. i have been doing with my credit cards to avoid paying high payments. i was wondering what your thought are on it.

[@Grinningfartking6969]

A trip down memory lane

[@YTIshwar]

Hey Rudy. What books or finance literature should I read to get into stocks/bonds/entrepreneurship.. I am an ordinary man with an ordinary job and I want to learn and understand this. Perhaps invest in the future. Not just MTG finances but just normal day to day investing.

[@Dmagician45]

8:55 "That's what the porpoise of this video was." Dolphins inbound.

[@rasmachris94]

I think there is a fundamental aspect being missed in this video and that it's based on everyone who is successful, but what about all the people who went into debt and failed? We don't hear about them because they failed, it's a common problem with businesses looking at people who take risks, the ones who reap the largest reward are the people that take risks but they are also equally more likely to lose out very heavy and the successful risk takers are around 3% of the population, maybe it's just me but i'd rather take the slow and steady, sure-fire, smart investments rather than risk it and lose it all because I wasn't that 3%.

[@FozzyBear0]

was about to say you had no tie for your pro look......well played.

[@MemeticVirus]

HOLY SHIT WE JUST WENT OVER THIS IN STATISTICS CLASS

[@rwong13]

Unfourtunalty most people have very low financial literacy and don't understand appropriate economic vehicles. I'll ask everyone this theoretical question. If you won the lottery say 10 million dollars and you were faced with how to collect would you take a lump sum of 5 million and loose half in taxes or would you take small monthly installments over 35 years and retain most of your winnings. Some people can probably guess he right answer but can you explain why?

[@joeortiz5512]

Randy Wong take the lump, and invest? Time value of money, 10mil now isn't 10mil in the future. Also compounding interest will outpace the immediate tax hit taken.

[@guymontag2325]

You are falling into the trap of assuming there is an objectively correct answer. Such examples were often incorrectly used to prove poor people are terrible at managing their money because they would often take instant cash over small long term payoff. But it all depends on the circumstances. For example a person with no reserves who is in need of an expensive operation, needs new car to continue perform their job, has to move sooner than later because their home town is a rusting trap with no perspectives or wants to send their children to a good school would take the hit with no remorse, there is a lot of people who would not have a luxury to pick better long term solution.

[@rwong13]

From my circumstances I would take the instant cash hands down. With proper investments that produce decent dividends, taking half a payout would out pace a slow payout in the end. From my personal experience having cash in hand gives you more access to better opportunities in the future. Now someone that takes the lump sum and spends it on depreciating asset is another thing all together.

[@burstofknowledge4237]

I looooooovvvvvvvveeeeeeeee these types of videos! Its like I'm fucking five and Rudy is the teacher. Please do more.

[@haydenhall1989]

Hey, in my American History class last year we learned about how early America leveraged debt so that other countries would have a stake in their well being. They would borrow from a country such as France and then France wouldn't want England to destroy America because they had a stake in it. It's sort of like buying shares in a company. When you borrow money from a bank, they are buying your shares, and when you deposit money, you are buying there's. You believe that the bank is a good company to invest in because the only way you can lose money is if your bank gets wiped out. A point I think you should explore farther is the kind if debt you want, and in what sort of situation. As AgonifyeR24 stated, debt to buy consumables is bad and debt to increase income is good. If you have no money, you shouldn't go borrow a bunch of money and sit back on it living la vida, but instead use that money to make money. You can't make money without having money first. Many people see loans such as credit cards as just numbers on a screen and that's how they rack u so much credit card debt (This is a bad debt most of the time because it is usually spent on everyday things such as food, gas, and maybe even gifts). And I just realized that I am not a financial professional, but a 14 year old boy. OOF

[@jinhyung1792]

"Now that I'm fully dressed(gigidy)".

[@HRW653]

Let me complete that title for you : Leverage and debt is how wealth is created for a small percentage while the majority works for the man. Because we can't all be investors while no one does the dirty work for cheap

[@tylerchambers6246]

Correctimundo! You're absolutely right, Rud. has said so himself in multiple videos. The "dirty work" is for the cogs in the machine to do, whose only purpose is to move around the wealth produced by the smart investors so as to keep the economic machinery oiled up and flowing, sort of like how red blood cells move oxygen around through the body to all the actually important bits, ya know, the organs and stuff. Sorry to say, but that is what most people are: the cogs, the red blood cells. Not the brain. Not even the lungs. Hell, not even the spleen or gall bladder! And these cogs are actually happy to be cogs, in their bovine innocence. They don't want anything greater for themselves because if they were capable of thinking of something greater, they wouldn't be cogs in the first place. They are happy to labor their thoughts away (their thoughts are troubling for them anyway, good riddance) and sit in front of the TV and fall asleep at the end of the day, maybe throw in a little browsing the internet or something. Sounds nasty to say all of this but it is the reality, it has always been the reality, and it is going to continue being the reality until the end of the time.

[@slickwillis34]

Your voice literally makes my newborn child stop crying

[@texashatemachine420]

Green screen rudy with fancy hair doesn't lie on the internet.

[@Runicmyst]

@ 0:57 WRU 'Shadows over Innistrad' tie?

[@viperf]

You get my like early on [first 10 seconds], because of the introduction of your videos! You make us smile!

[@Mythul]

RUDY PLEASE DO A VIDEO ON CRYPTO CURRENCIES! WHAT'S YOUR OPINION ON THEM?

[@IgorSolene]

We want beautiful Rudy back!

[@wowtimeup]

I wish I learned these lessons a few years ago. But alas, I'm glad I learned it today.

[@jorgetorres7730]

Thanks for always keeping it classy Rudy

[@arcaneprofet]

Go smell the roses Rudy *you deserve it*

[@TheValorious]

I started watching Rudy for the magic talk. Now I'm considering learning statistics... lol

[@emoservedwithfries]

You have given me much to Google and learn. Could you do more videos like this, send good other channels to watch that teaches more of this?

[@guymontag2325]

Bryan Perkins watch his credit card warrior video. Very interesting.

[@DripMinis]

One question Rudy: when you said "when mom is done making meatloaf". But when is a mom ever really done making meatloaf? I think you just gave me a new catch phrase.

[@L0j1k]

Creepy Rudy dodged a bullet, being outside the community like he is. Smart. That's what Creepy Rudy is... Very smart.

[@holioco]

"You god damn better well enjoy this video" like I did! hahah More of these, please!

[@lorewyn3386]

My goal for 2018 is to work on my credit as much as I can. My mother spent the last 7 or so years tanking my credit by using my name without me knowing. Really I just wanna get my credit to where if someone checks it they don't go "lol no" and if I can do that I think ill have done better in life.

[@davidkunz8257]

you should make greed monster shirts

[@mikevc5415]

Good and timeless advice 👌

[@newgamer85]

It's not discounted as such just relative. 2% on 2 million is better for the fiancée then 10 - 15 % of $2000. Personal loans are a ball ache and risky so the yield has to be worthy. One of the reason student debt one of the biggest expense can't be wiped out just paid or delayed.

[@countOfHenneberg]

Debt creates money out of thin air, it doesn't cost the bank anything. So why do we allow this by private organisations that don't have our best interest at heart?

[@shaggins3547]

I don't have a clue about magic and i'm not sure how I found your channel but I love the pack openings even if I don't know whats going on. Keep the videos coming! I enjoy them no matter the topic!

[@balonius]

Rudy you are a legend

[@davidsastre8724]

Rudy: The Quagmire of magic

[@n0isyturtle]

Conversely; if you don't pay your debt and ignore it completely for a couple years, it will also be cut in half.

[@matthewknecht7365]

Rudy, just love the content man, absolutely love it! Thank you!!

[@chrissudlow8638]

I would offer a lower interest rate to anyone who say had 5 million in real estate and would secure the loan. Most corps would be more then eager to loan money to wealthy because even in the unlikely hood of default they can still recoup their money on the loan with a level of certainty.

[@Banterbear]

You are two thumbs fresh Rudy! Two!

[@blinddog4288]

I love the saying - owe the bank a million, shame on me. Owe the bank ten million, shame on them.