If it’s government over corporations then that’s socialism. Government exploits, cost are higher, they never want you to grow, move up independently but rather keep you down to dependency. No one wants socialism. Capitalism is a free market economy where we compete with other businesses for customers dollars. Democrats are socialist and do not want you to rise.
People listen up - this video is a great rare diamond of immense value. He's right, I'm proof. I do nearly exactly what he's saying. I have a job, I invest in a 401K, Roth IRA, stocks, and rental property. I save over $2,700 a month on average and after everything else is paid for. By the way, my job? I'm a security officer. That's it.
Easier said than done. Not everybody is the same as you. Some people have to live in different parts of the country/world, health problems, family obligations, etc
Now imagine, America is the most powerful planet on the earth. And this is the behavior they incentivize. You are feeding the powerful, elite and they reward u for it. Pretty basic.
I've seen about a dozen of these "how they keep you poor" videos on youtube and yours is by far the most precise and detailed beneath the surface information.
Yep his analogy of playing monopoly but just trying to stay out of jail and collect $200 is spot on. Its how 99% of people function and it doesnt work in monopoly or real life
I started investing at 19, got huge into finance and exploring side hustles over the past 4 years after that. A lot of my side hustles are amplified by my knowledge of finance. i work full time and do multiple side hustles all for the purpose of investing aggressively. I'm considered wealthy for my age but at 18 i was poor and come from a lower class family who knows nothing about money. What changed my life was my mindset.
Also you say Bitcoin isn't an asset and I don't entirely disagree with you but I also recommend you look into understanding what blockchain technology is. If you understand what Bitcoin is below the face value you can see the potential value in it and why maybe not Bitcoin specifically but blockchain is a step in the right direction for finance.
As a retail investor who very vividly remembers all of the MSM rhetoric regarding the COVID crash (I was fully tuned in to Cramer and CNBC, Yahoo, Fox Business, and the like), what I took from that was buying anytime in 2020 was going to be like throwing money into an incinerator. Even in the context of a record "Fed Put". I didn't know what I didn't know, and didn't realize these talking heads really just had no interest in collective well-being and progress. The result was me not buying into conditions that lead to one of the most historic bull runs. Fool me once. I, and my future self thank you deeply for sharing this information.
When watching your first video, which was about keeping your name out of the public, I have had a good feeling about your person. I had the feeling, that you are really personally interested and invested in opening up people's minds to their possibilities. And with this video, where you are simply saying how things are, it confirmed to me, why I perceived you as a sympathetic person. And I am glad, that I have stumbled across your channel. Because your expertise in your fields - and maybe even more important - your ability, to explain such things in a straight forward and understandable way for a wider audience, are really making a difference. To me personally as well, of course, but you are making a difference on a grander scale. I am wishing you a prosperous, fulfilled life and many deserved blessings for your service to humanity. Thank you.
Thanks Tobi for saying what isn’t taught through our education system. It’s a long held belief of mine. One important point missing from your text…”learn how to buy smart and sell smart…” I’m on the markets daily and I’ll tell you that we love fresh meat in the arena. Learning how to trade is paramount.
Great information... to bad not everyone will understand 1. Dividend Aristocrats 2. REITs 3. BTC as savings account (IMHO) *Remember, invest what you can ONLY afford to lose*
Becoming financially literate is key. Its not taught in school but there's tons of opportunities to learn. I suggest rich Dad poor dad, Robert Kiyosaki. Btw, there's audio on RUclips. Also, libraries have free books if you can't buy it. Reset your habits . mindset.
No no no. Robert kioski is a grifter, and he’s in debt up to his eyeballs. Dave Ramsay is much better. Slow and steady growth and don’t have. Debt or liabilities. That’s real financial freedom.
@@haveaday1812 Not all debt is bad debt. If you want real estate most of the time you have to borrow. The key is income producing real estate that more than covers the debt payment. You cash flow monthly plus build equity while someone else is doing the work. Things that depreciate is bad debt. Credit card and cars is bad debt.
It's caller a trading margin. Works like an equity line of credit but with stocks. You get a maximum LTV limit and since you pledge collateral, the rate is low so it can be profitable. But there are risks, if you max out the margin line of credit then your stocks go down, you could face a margin call and get liquidated.
The stock option wheel... 1. BTO cash secured Put option 2A. Roll it down, later, or both if you are bearish. 2B. Let it ride if you wish to aquire stock at the strike price. 2C. STC at target profit, eg 30% 3. If assignment, STO cover calls.
This is an American viewpoint! Here in the civilized world it IS different. Here government (in general) take care of its citizens, with affordable accessible high quality healthcare. Proper safe roads, affordable accessible high quality education. A proper welfare system and the best pension system in the world allows people to overcome difficulties in life and to become part of the wealthiest generation in society. And even though we have safety systems in place we still are a saving society. Creditcards are hardly used, you first save up before you buy. This is what I don't understand about Americans. They have far fewer safety nets and yet they live like there is no tomorrow.
@@paolamura3497 Yes, many times. I actually know a dozen Americans who immigrated to my country. According to several sources over 3 million Americans from the USA have emigrated to other countries, including many to Europe. And I don’t see how this is relevant, because if you are poor in the USA, you can’t afford emigrating. Over 30 million Americans can’t even afford basic healthcare, causing 80,000 deaths a year. Over 60 procent of US citizens don’t even have a passport and most Americans including you apparently believe the propaganda that the USA is the best country in the world. While the USA objectively is the worst OECD nation in the world and even on basic necessities scores lower than many developing countries. The people who are able to emigrate are usually the ones with a good education, proper prospects and enough money to do so. Plus you can’t just emigrate to another country (except within the EU) without the proper documents and meetings stringent requirements. This point is often raised as to say that the USA is so good because few or no Americans emigrate and a lot of people want to go to the USA. First point is nonsense, and the second point doesn’t proof the USA is the best country in the world. Because their are many much poorer countries than the USA in the world, actually most other countries, the USA is attractive to people from these countries. And can even be attractive to highly educated people who can get a good job in the USA. Because if you have (enough) money the USA can be great. However to be considered civilized a country should provide the basic necessities to ALL its citizens and the USA doesn’t! Many Americans live below the poverty line, live in food desserts in very poor underdeveloped neighborhoods with poor infrastructure. While we obviously also have poor people here in the EU and here in the Netherlands, they receive a lot of benefits from a civilized society. So your argument doesn’t make sense on many levels!
House hack, get a duplex, get a triplex. This is the way out of the system. If most of your active income goes to paying rent or a mortgage and you can find a way to eliminate that then you just saved a LOT of your time!
I'm sorry, could you please repeat what did you say in 10:28 after "if you buy the right ones, dividends" I'm referring to the selling part what was that?. Thanks in advance 🙏🏻
Very good advise, with basic and good moral principles. Learnt and enjoyed your delivery of expertise and down to earth approach. You are helping the average people, who are the target of the manipulators. Blessings.
Where can I learn everything I can about Tax Liens? I have been taking some programs but I don't feel they really taught the details on how to do it. I don't want to pay 10K to learn the fine details.
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Does this work with the Canadian tax laws also? Do you know someone I could talk to in Canada about stuff like this as I’m planning on buying some more property and need some guidance of the best route to go. Thanks
"It's not how much you can gather, it's how much you can scatter" that shows what kind of life you lived. Helen Walton. " Give and you shall receive, whoever sows sparingly will also reap sparingly." Use the law of reciprocity and sow generously.
I would love to hear your commentary when we encounter the next Great Recession. With the recent Bank Melt downs, those scenario's might not be in the far distance. I barely made it through the 2008 Great Recession where all my tenants left me. Most tenants are in survival mode and don't care about wealth accumulation.
PRECIOUS podcast Excellent spot-on informative, educational, extremely valuable real life financial mentoring . it can't get better. Thank you Toby !! keep up the amazing work
Excellent video! Subscribed! And I like your attitude that there's enough for everybody. We live in a competitive society, but we don't have to have cutthroat attitudes at all times in every venue to succeed. And if you succeed but in the process alienate family and friends and strangers, well, that's success of a kind, but of a kind that in hindsight might not be the spot where you wanted to wind up after all.
Which is exactly what they don’t want to teach… they want the next generations to be stupid and ignorant on how to be wealthy…. The deeper reason for this is they don’t want competition…. “They” ladies and gentlemen want actually worse for you… it’s not a conspiracy. Their desire is for you to die off. So… with that said it’s time for you to all wake up.
Our school forced us to fake a financial class for graduation and I get the point of it but holy 💩 was it outdated and mostly irrelevant like yes there was some actual advice in there but they don't tell you stuff like this they set it up like if your supposed to get liabilities and do this and that. It's like if schools made this way are only meant to make cattle. I've said this to my friends many times how we walk the same paths to each class the same way every single day. Even the way we get food feels like a prison style and like cows lining up to be slaughtered.
Thank you. After having been a bit wiped out by being dragged into someone else's drama, compiled by a brain injury that made me have to relearn a lot of things - I forgot about this. (Although I did just carve out a month to review stocks and reteach myself that- so I'm making progress.) This video - so helpful to have a summary to remind me why I was doing what I was doing before that - and then learn from the mistakes, now that I have a better path forward. I've actually had entities for a number of years as I moved states and knew that was step 1 to doing things differently, but then I had no idea how to use them - and attorneys and accountant weren't really explaining. You and Clint's channels have been so helpful! Looking forward to my strategy session and Saturday training day so I can learn even more. And then excited to once again have a path forward so that the past does not repeat.
Hi Valerie! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Amazing info! I’ve been told in todays environment that we should hold our stock certificates personally. Just incase the holding company fails. Would you concur and do you know if covered calls could be written on certificates held personally? Thank you again for all you do.
Yes. Hold the stock certificate in your name. They used to not cost anything, but now, certificates may cost $300 or more. The disadvantage is if you lose that certificate, you lost the stock. Keep in secure place.
Hi Toby. Can you tell about depreciation of property in details, with calculation. In what time after byuing a property can you apply to the bank to depreciate it and what is the procedure?
Never learned any of this well-explained wisdom from my family, school or any institution in society. I have become a Libertarian and I find that at 69, I no longer support or care about the 'institutions of society' or about politicians and their lies that control us. Voting Libertarian forever - Donnie and Kammy can GTH.
It’s funny that so many people on you tube keep saying ‘I don’t buy, I rent’ Or that ‘debt is good’. Or ‘passive income doesn’t exist’. And they are confusing the young. Thanks for saying the truth and giving us real financial advice.
Hi Gabe! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Really great video. I’ve especially been enjoying your videos where you touch on owning dividend stocks and selling covered calls. I’m 100% in RE and would love to learn how to turn my equity into a nice NOBL portfolio and then use stock secured loans…
@@eugenefernandez6532 Heck, dude. I was talking to a multi-millionaire a few months ago. Dude told me he bought a house while in college and lived in the garage while leasing the rooms. We all gotta get started somehow.
Thank you for your kind words! If you have questions about assets that appreciate or produce income, or if you're seeking guidance on optimizing your financial strategy, consider scheduling a free strategy session. Visit: aba.link/iwh
There's an important caveat missing after you discuss borrowing cash against stocks to buy more stocks or other assets. If those investments decrease in value, you're now screwed two ways. If you don't understand how to use leverage you may wipe yourself out like people buying stocks on margin in the 20's or buying subprime mortages in the 00's.
And doing the math is another way to find out your home is not an asset after you've lived in it for 30 years and finally paid it off and it's doubled in appreciation but the interest you paid to the bank was double the appreciation and the taxes you paid were another 30% and the maintenance was another 30% of the value.
Which is why it's not an investment nor should be considered one. If it was investor friendly what would happen to the feasibility of home ownership for non investors
Dude …. If you borrow money to buy something … you’re paying interest. It doesn’t mean what you bought isn’t an asset. The loan is a liability, the thing you bought is an asset. Assets are anything that has value. You buy disposable assets, depreciable assets, and appreciable assets. The fundamental issue I have with this video is that it tries to redefine what an asset is and confuse it with income. Two separate things
Let me give you an example of covered calls gone bad...you have a stock worth $50. 10,000 shares. Worth $500,000. You write covered calls for say $1. You keep the 10 grand. Now the stock corrects to $40. You just lost $100,000. Sure you get to keep the $10,000..but ouch😮😮😮
Begins with there is no world conspiracy but then described it in the nex sentence. Folks taking advantage of people using systems designed for that.... i wouldnt know.... how would i know...
He's teaching you something called capitalism that we should have all learned in school but thanks for the liberal Democrat teachers and school boards, they are the ones truly responsible for not getting you to learn this and staying poor.
![VENEZUELA vs. ARGENTINA [1-1] | RESUMEN | ELIMINATORIAS SUDAMERICANAS | FECHA 9](http://i.ytimg.com/vi/SJfoPdeOPCQ/mqdefault.jpg)
Would you like to learn more about this topic? Join Infinity Investing as a Basic Member and Unlock Your Free Training Today! 👉 inf.link/1c0
Qq
If it’s government over corporations then that’s socialism. Government exploits, cost are higher, they never want you to grow, move up independently but rather keep you down to dependency. No one wants socialism. Capitalism is a free market economy where we compete with other businesses for customers dollars. Democrats are socialist and do not want you to rise.
People listen up - this video is a great rare diamond of immense value. He's right, I'm proof. I do nearly exactly what he's saying. I have a job, I invest in a 401K, Roth IRA, stocks, and rental property. I save over $2,700 a month on average and after everything else is paid for. By the way, my job? I'm a security officer. That's it.
Easier said than done. Not everybody is the same as you. Some people have to live in different parts of the country/world, health problems, family obligations, etc
@@underleft So you are saying youre poor because of the world?
Now imagine, America is the most powerful planet on the earth. And this is the behavior they incentivize. You are feeding the powerful, elite and they reward u for it.
Pretty basic.
@@ithought_so6438Some people are born “indebted” to their family while others have a clearer shot at achieving their life goals
Some people just want to be victims so bad
I've seen about a dozen of these "how they keep you poor" videos on youtube and yours is by far the most precise and detailed beneath the surface information.
Yep his analogy of playing monopoly but just trying to stay out of jail and collect $200 is spot on. Its how 99% of people function and it doesnt work in monopoly or real life
In 23 minutes you've communicated more finanacial knowledge than what is taught in 12+ years of school. Thank you for this.
I started investing at 19, got huge into finance and exploring side hustles over the past 4 years after that. A lot of my side hustles are amplified by my knowledge of finance. i work full time and do multiple side hustles all for the purpose of investing aggressively. I'm considered wealthy for my age but at 18 i was poor and come from a lower class family who knows nothing about money. What changed my life was my mindset.
Also you say Bitcoin isn't an asset and I don't entirely disagree with you but I also recommend you look into understanding what blockchain technology is. If you understand what Bitcoin is below the face value you can see the potential value in it and why maybe not Bitcoin specifically but blockchain is a step in the right direction for finance.
As a retail investor who very vividly remembers all of the MSM rhetoric regarding the COVID crash (I was fully tuned in to Cramer and CNBC, Yahoo, Fox Business, and the like), what I took from that was buying anytime in 2020 was going to be like throwing money into an incinerator. Even in the context of a record "Fed Put". I didn't know what I didn't know, and didn't realize these talking heads really just had no interest in collective well-being and progress. The result was me not buying into conditions that lead to one of the most historic bull runs. Fool me once. I, and my future self thank you deeply for sharing this information.
Listening to CNBC will cost you a lot of money. Democrats plan.
When watching your first video, which was about keeping your name out of the public, I have had a good feeling about your person. I had the feeling, that you are really personally interested and invested in opening up people's minds to their possibilities. And with this video, where you are simply saying how things are, it confirmed to me, why I perceived you as a sympathetic person.
And I am glad, that I have stumbled across your channel. Because your expertise in your fields - and maybe even more important - your ability, to explain such things in a straight forward and understandable way for a wider audience, are really making a difference. To me personally as well, of course, but you are making a difference on a grander scale.
I am wishing you a prosperous, fulfilled life and many deserved blessings for your service to humanity.
Thank you.
Thank you kindly:-)
I Like This Guy.
I Appreciate You.
Keep it Vlogging!!!
Kadeers!!!
Thanks Tobi for saying what isn’t taught through our education system. It’s a long held belief of mine.
One important point missing from your text…”learn how to buy smart and sell smart…”
I’m on the markets daily and I’ll tell you that we love fresh meat in the arena.
Learning how to trade is paramount.
Great information... to bad not everyone will understand
1. Dividend Aristocrats
2. REITs
3. BTC as savings account (IMHO)
*Remember, invest what you can ONLY afford to lose*
What is a BTC?
@@stephenkutney9626 BTC is short for bitcoin.
Becoming financially literate is key. Its not taught in school but there's tons of opportunities to learn. I suggest rich Dad poor dad, Robert Kiyosaki. Btw, there's audio on RUclips. Also, libraries have free books if you can't buy it. Reset your habits . mindset.
That is the best advise.
No no no. Robert kioski is a grifter, and he’s in debt up to his eyeballs. Dave Ramsay is much better. Slow and steady growth and don’t have. Debt or liabilities. That’s real financial freedom.
@@haveaday1812 Not all debt is bad debt. If you want real estate most of the time you have to borrow. The key is income producing real estate that more than covers the debt payment. You cash flow monthly plus build equity while someone else is doing the work. Things that depreciate is bad debt. Credit card and cars is bad debt.
😮DAMNN DID NOT KNOW I COULD BORROW FROM MY STOCKS.. DO YOU HAVE A VIDEO ON HOW
It's caller a trading margin. Works like an equity line of credit but with stocks. You get a maximum LTV limit and since you pledge collateral, the rate is low so it can be profitable. But there are risks, if you max out the margin line of credit then your stocks go down, you could face a margin call and get liquidated.
I enjoyed the whole video brother and agree 1000% with everything you said.. they want us to be slaves to debt ! No Way Buy ASSETS INSTEAD!!!!
Toby, I prayed for you and your family today. You are awesome. Your content is so solid. I’m watching and sharing many videos weekly.
I appreciate that 👍
The stock option wheel...
1. BTO cash secured Put option
2A. Roll it down, later, or both if you are bearish.
2B. Let it ride if you wish to aquire stock at the strike price.
2C. STC at target profit, eg 30%
3. If assignment, STO cover calls.
This is an American viewpoint! Here in the civilized world it IS different.
Here government (in general) take care of its citizens, with affordable accessible high quality healthcare. Proper safe roads, affordable accessible high quality education.
A proper welfare system and the best pension system in the world allows people to overcome difficulties in life and to become part of the wealthiest generation in society.
And even though we have safety systems in place we still are a saving society. Creditcards are hardly used, you first save up before you buy.
This is what I don't understand about Americans. They have far fewer safety nets and yet they live like there is no tomorrow.
Ever seen an American emigrate??
@@paolamura3497 Yes, many times. I actually know a dozen Americans who immigrated to my country. According to several sources over 3 million Americans from the USA have emigrated to other countries, including many to Europe.
And I don’t see how this is relevant, because if you are poor in the USA, you can’t afford emigrating. Over 30 million Americans can’t even afford basic healthcare, causing 80,000 deaths a year. Over 60 procent of US citizens don’t even have a passport and most Americans including you apparently believe the propaganda that the USA is the best country in the world.
While the USA objectively is the worst OECD nation in the world and even on basic necessities scores lower than many developing countries. The people who are able to emigrate are usually the ones with a good education, proper prospects and enough money to do so. Plus you can’t just emigrate to another country (except within the EU) without the proper documents and meetings stringent requirements.
This point is often raised as to say that the USA is so good because few or no Americans emigrate and a lot of people want to go to the USA. First point is nonsense, and the second point doesn’t proof the USA is the best country in the world.
Because their are many much poorer countries than the USA in the world, actually most other countries, the USA is attractive to people from these countries. And can even be attractive to highly educated people who can get a good job in the USA. Because if you have (enough) money the USA can be great.
However to be considered civilized a country should provide the basic necessities to ALL its citizens and the USA doesn’t! Many Americans live below the poverty line, live in food desserts in very poor underdeveloped neighborhoods with poor infrastructure. While we obviously also have poor people here in the EU and here in the Netherlands, they receive a lot of benefits from a civilized society.
So your argument doesn’t make sense on many levels!
No body says you can only do one thing… it’s about 1 thing at a time. You can become knowledgeable in many things… just not all at the same time.
House hack, get a duplex, get a triplex. This is the way out of the system. If most of your active income goes to paying rent or a mortgage and you can find a way to eliminate that then you just saved a LOT of your time!
Maybe a more accurate title is " how we keep ourselves poor " ?
I’ve been in the stock market and real estate for years and have worked a job all my life. Plainly this is the simple truth. Excellent video!
I'm sorry, could you please repeat what did you say in 10:28 after "if you buy the right ones, dividends" I'm referring to the selling part what was that?. Thanks in advance 🙏🏻
Thank you! I'm 61 and Trying to figure out how to retire...
Very good advise, with basic and good moral principles. Learnt and enjoyed your delivery of expertise and down to earth approach. You are helping the average people, who are the target of the manipulators. Blessings.
Can you do a video on how to borrow against your stock portfolio?
Where can I learn everything I can about Tax Liens? I have been taking some programs but I don't feel they really taught the details on how to do it. I don't want to pay 10K to learn the fine details.
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Does this work with the Canadian tax laws also? Do you know someone I could talk to in Canada about stuff like this as I’m planning on buying some more property and need some guidance of the best route to go. Thanks
"It's not how much you can gather, it's how much you can scatter" that shows what kind of life you lived. Helen Walton. " Give and you shall receive, whoever sows sparingly will also reap sparingly." Use the law of reciprocity and sow generously.
I would love to hear your commentary when we encounter the next Great Recession. With the recent Bank Melt downs, those scenario's might not be in the far distance. I barely made it through the 2008 Great Recession where all my tenants left me. Most tenants are in survival mode and don't care about wealth accumulation.
PRECIOUS podcast
Excellent spot-on informative, educational, extremely valuable real life financial mentoring . it can't get better. Thank you Toby !! keep up the amazing work
Thanks for listening 👍
Can you please do a video on protecting your assets or life insurance options for different age groups
We will certainly consider it, thank you for the suggestion.
Great video Thank you Toby, I will use your services for my business
I'm glad you found the video helpful. Excited to work with you and see how we can elevate your business together.
Excellent video! Subscribed! And I like your attitude that there's enough for everybody. We live in a competitive society, but we don't have to have cutthroat attitudes at all times in every venue to succeed. And if you succeed but in the process alienate family and friends and strangers, well, that's success of a kind, but of a kind that in hindsight might not be the spot where you wanted to wind up after all.
These are the things that should be taught in high school
Which is exactly what they don’t want to teach… they want the next generations to be stupid and ignorant on how to be wealthy…. The deeper reason for this is they don’t want competition…. “They” ladies and gentlemen want actually worse for you… it’s not a conspiracy. Their desire is for you to die off. So… with that said it’s time for you to all wake up.
All high schools are woke now.
Never gonna happen. But it is already taught at elite schools where the wealthy send their children.
Our school forced us to fake a financial class for graduation and I get the point of it but holy 💩 was it outdated and mostly irrelevant like yes there was some actual advice in there but they don't tell you stuff like this they set it up like if your supposed to get liabilities and do this and that.
It's like if schools made this way are only meant to make cattle. I've said this to my friends many times how we walk the same paths to each class the same way every single day. Even the way we get food feels like a prison style and like cows lining up to be slaughtered.
Why would a government teach you how to get out of paying a government?
Thank you. After having been a bit wiped out by being dragged into someone else's drama, compiled by a brain injury that made me have to relearn a lot of things - I forgot about this. (Although I did just carve out a month to review stocks and reteach myself that- so I'm making progress.) This video - so helpful to have a summary to remind me why I was doing what I was doing before that - and then learn from the mistakes, now that I have a better path forward. I've actually had entities for a number of years as I moved states and knew that was step 1 to doing things differently, but then I had no idea how to use them - and attorneys and accountant weren't really explaining. You and Clint's channels have been so helpful! Looking forward to my strategy session and Saturday training day so I can learn even more. And then excited to once again have a path forward so that the past does not repeat.
This is 100% the real deal solid gold best financial advice ever, please do yourself a favor and listen closely to what he's saying.
how do I protect my house and how do I put my house in a Trust? I have been seeing a lot about TaxLien theft. I want to not worry about this.
Hi Valerie! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Amazing info! I’ve been told in todays environment that we should hold our stock certificates personally. Just incase the holding company fails. Would you concur and do you know if covered calls could be written on certificates held personally? Thank you again for all you do.
Yes. Hold the stock certificate in your name. They used to not cost anything, but now, certificates may cost $300 or more. The disadvantage is if you lose that certificate, you lost the stock. Keep in secure place.
Can you explain the stock calls?
Hi Toby. Can you tell about depreciation of property in details, with calculation. In what time after byuing a property can you apply to the bank to depreciate it and what is the procedure?
Read Book "The Creature from Jekyll Island." by G. W. Griffin
@user-yd1yh5cs7l i do not use zuckenjerk's Facebook or whatsapp at all; no social media except sparingly youtube.
Never learned any of this well-explained wisdom from my family, school or any institution in society. I have become a Libertarian and I find that at 69, I no longer support or care about the 'institutions of society' or about politicians and their lies that control us.
Voting Libertarian forever - Donnie and Kammy can GTH.
Great Vid! You're videos are extremely helpful and entertaining
It’s funny that so many people on you tube keep saying ‘I don’t buy, I rent’ Or that ‘debt is good’. Or ‘passive income doesn’t exist’. And they are confusing the young. Thanks for saying the truth and giving us real financial advice.
Thank you so much for your support.
Thank you keep the information coming extremely valuable
I enjoy the way you explain things and break them down
Is thare a good group of dividend paying stocks that I can buy weekly
Do you have any advice for a college student wanting to become financially literate and ways to make are little money work for us?
Hi Gabe! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Very informative. Thanks!
Look up Act of 1871-United States of America as Republic was converted into UNITED STATES OF AMERICA, INC out of Delaware.
Really great video. I’ve especially been enjoying your videos where you touch on owning dividend stocks and selling covered calls. I’m 100% in RE and would love to learn how to turn my equity into a nice NOBL portfolio and then use stock secured loans…
You explained it so well with the Monopoly analogy. Thank you and Christ be with you.
I wish they teach people this in school. Now 54 going to some stock thank you Love your channel Your A great Teacher
Thanks for watching!
Great video. Watch anton kriel own your infrastructure interview
Cash Secured Put (CSP) = discounted stock or money in the bank.
Thanks for always explaining things in a way that's easy to understand
What’s your thoughts on starting out with a cheaper condo? Other advice says go 2 doors minimum.
I'd like to get perspective on that question too We have a condo rental and I'd rather buy and rent out another condo rather than a house.
Buy the condo rent it out and live in a cheap trailer In a park.
@@eugenefernandez6532 Heck, dude. I was talking to a multi-millionaire a few months ago. Dude told me he bought a house while in college and lived in the garage while leasing the rooms. We all gotta get started somehow.
Gold "pay" you whatever the inflation is.
Gold is a good store of purchasing power waiting until prices of stocks and houses come down again.
Great vid. Something that "appreciates" is also an asset or only what produces income? Wish you was my accountant!
Thank you for your kind words! If you have questions about assets that appreciate or produce income, or if you're seeking guidance on optimizing your financial strategy, consider scheduling a free strategy session. Visit: aba.link/iwh
Shared it with my wife.
We have a start but have to keep going
Thank you for opening our eyes. Hopefully, young people listen and act accordingly.
Disagree with some of the particulars in this video, but for the most part this is good advice
There's an important caveat missing after you discuss borrowing cash against stocks to buy more stocks or other assets. If those investments decrease in value, you're now screwed two ways. If you don't understand how to use leverage you may wipe yourself out like people buying stocks on margin in the 20's or buying subprime mortages in the 00's.
And doing the math is another way to find out your home is not an asset after you've lived in it for 30 years and finally paid it off and it's doubled in appreciation but the interest you paid to the bank was double the appreciation and the taxes you paid were another 30% and the maintenance was another 30% of the value.
If it ain’t producing income, it’s not an investment in my book.
Another reason to psy it off early - save on interest, borrow money against it, buy a rental...
Rinse, and repeat.
Yep!!!
Which is why it's not an investment nor should be considered one. If it was investor friendly what would happen to the feasibility of home ownership for non investors
Dude …. If you borrow money to buy something … you’re paying interest. It doesn’t mean what you bought isn’t an asset. The loan is a liability, the thing you bought is an asset. Assets are anything that has value. You buy disposable assets, depreciable assets, and appreciable assets. The fundamental issue I have with this video is that it tries to redefine what an asset is and confuse it with income. Two separate things
Let me give you an example of covered calls gone bad...you have a stock worth $50. 10,000 shares. Worth $500,000. You write covered calls for say $1. You keep the 10 grand. Now the stock corrects to $40. You just lost $100,000. Sure you get to keep the $10,000..but ouch😮😮😮
I really enjoy your videos. Im learning a lot. Thank you for all you do!!
Glad to hear it! I am glad that you find it helpful. Thank you for watching!
Read the book Rich Dad Poor Dad by Robert Kyosaki. The book will expand further on what Toby is saying.
Good stuff!! Taking notes
man I LOOOOOOOOVE your videos. Truly and sincerely THANK YOU! I am sharing this ALL AROUND to my circle!
Thanks for sharing!!
I didn't get thrown in jail. I passed GO!
Toby, you helped us realize that's not a win!
Your channel is great. Thanks!
This is great advice! Thanks for weaving in so many great ideas.
I'm sharing this value info! Thanks Mathis 😊
Your videos have made a positive impact in my life. Can't thank you enough for your humility and service to others.
Your support means a lot, thank you.
Where did you get that beautiful picture behind you?
Thank you sir. I was already thinking along these lines but it's good to hear someone else say it.
Glad to hear it! Thank you for watching!
Great content! Thank you! 😃
Glad you liked it!
I really need to know how to download all these valuable videos before they chop the tree down.
Begins with there is no world conspiracy but then described it in the nex sentence. Folks taking advantage of people using systems designed for that.... i wouldnt know.... how would i know...
Leveling is loaned money.
Be careful about investing for loaned money.
My girlfriend made $20,000, I've been mostly out of work.
Must be the oldest profession lol 😂
Thank you. Now the trick is convincing the whole family to have the same mind for these things
Toby, as always very informative…
If you think your home is not your asset, try living in the back yard next winter. Also try moving without its cash in value.
Bill Ackman made bank on Hilton
thank you...your videos are so helpful,you make it all make sense.
Great information!
I wish I just knew how to get started.
EXCELLENT video Brother!
What my father did not teach me (unfortunately). You shouted this to me. I should be so dumb not to understand yet. Thank you sir.
Thank you for caring to educate us 🙏💝
I'm African American thanks for laying down straight
Love your videos - thanks for sharing great information
Your a sharp dude. I’m listening!!!
He's teaching you something called capitalism that we should have all learned in school but thanks for the liberal Democrat teachers and school boards, they are the ones truly responsible for not getting you to learn this and staying poor.
People love talking about how capitalism is the best, but I think capitalism is basically socialism, with a different name on it.
I enjoy your content thanks
Wow mind blowing this only has 3.5 likes
So valuable.. thankyou! Also Hi from New Zealand :)
Hello there!
Thank you for the video
Great video, thank you Toby.
🎯
Scott Adams calls what you are describing as a skill stack.
Margin interest is tax deductible… just like a mortgage