If you want to support the channel, please share this video to increase its reach. It would really help us out, and it motivates Ken to make more videos. Thank you so much it really means a lot.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
In fact, I had no prior experience or understanding when I began investing in 2018, but by the end of 2019, I had made a profit of almost $750k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
@@sloanmarriott5 Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
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.
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?
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.
I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?
Things are a bit strange right now. Inflation is making the dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.
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. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.
I'm careful about giving specific recommendations since everyone's situation is different, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up online to see if she's a good fit for you.
your perspective on financial literacy as a game where the informed are winners is spot on 🎯. It's a powerful reminder that understanding the financial system and leveraging opportunities creatively can lead to significant economic empowerment.
Hello Ken!!, how does one determine the value of a raw piece of land with construction drawing approvals in place for multi family units development???
How about instead of giving generic advice like “Understand how money works” and telling us about your kids flipping beats headphones. You should explain what specific fields of knowledge about money we should learn
I am not in real estate (I’m in SaaS) but the idea is the same. Find a problem, give people a solution and make some coin. If you add value the economy will reward you.
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Finding financial advisors like Carol Vivian Constable 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.
Its crazy, i dont know when it happened exactly, but I am in the headspace that he describes now. Whenever I see literally anything, i think of how it could be leveraged to make money. I see a car for sale and dont think "oo i want that" i think "i wonder if i could flip that for a buck. How much time it would take and if its worth the investment. Consciousness is key!
Back in 2008-2012 I had a great credit score. I tried to borrow from a ton of banks to buy houses. But they said my debt to income was too high, because of my rentals that had dropped in value. So, unless you were cash rich, or could fund raise with rich buddies, forget it.
Exactly that’s why when they say house prices go up when the interest rates go down isn’t always true. If you’re in a recession it does not matter what the cost of debt is if people can’t afford it they can’t afford it.
@@KenMcElroy Smooth move 👍. Too bad I was probably a decade or more younger than Ken at the time. With no schooling, very little experience and just winging it the best I could. There weren't as many good sources of info back then. At the time my job was cutting pay, half my immediate family died, and my girlfriend left me. I know Boo hoo...everyone has problems and excuses. But anyway, that was a really good move, wish I would have thought of that! Kudos to Ken, that's why he makes the big bucks.
Ken, I can tell that you are super fired up about this topic! Which is awesome! One day, I noticed several quarters sitting on my five year old son’s dresser. We never gave our kids an allowance so naturally I was wondering where the heck he was getting this money from. Turns out he had been selling pages from a paper airplane book he got for his birthday. He would let the kids choose a page and he would ‘build’ it for them for .50 cents. And if they couldn’t afford a page, he would make them a cool plane out of a regular sheet of paper for a quarter. 😂
Hi Ken I just wanted to say even though I already knew most of what you have said you are definitely giving out quality advice and information to young entrepreneurs I congratulate you on that
Everyone learns from their mistakes. In my case not so extreme difference in income, but I made some not so good decisions too. Just don't be so hard on yourself about your 20s.
Great wisdom. My strategy is not to go out there and start new ways of making money. Find a simple stable job. Put 30% of my paycheck into the 401k. Put max on Roth IRA. Put 10k a year in a regular brokerage account. Get a pension from my work also. Between those accounts, surely I can retire with my dividend and passive income.
That’s all I think about when I go into minneapolis and St. Paul is who tf owns these huge buildings? And how’d they get there? Where’s all this money?
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
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
I can say that for the vast majority of people are in 5 or 10 years better off to not "just start a business" but invest 500€ into three high quality blue chips. Coming from personal experience, not because I listened to a RUclipsr.
True. But. Many business visionaries go in debt for their idea and then what they didn't see takes them belly up. Starting small like your kids is important i bet
If I had learned to stop chasing $ in my 20s I would be a better happier person today. Yes you can be 10x richer but at what price? Think for yourself don't follow the gurus trying to sell you $something$/lifestyle blindly.
Not necessarily about chasing money. It may be that in the beginning but the journey to becoming wealthy and having a mission and purpose and progressing towards something is we're happiness comes from
im in my 20s and honestly i find it a passion to make money because it is hard, anything i find hard to do i enjoy more of it but i dont focus only on money i do other things too! like martial arts, yoga, gaming, spend time with family. its all about balance.
My brother and I would sell candy and other things in Jr High school. We went to the Principals office several times and put on 'probation' as US schools discourage Free Markets and thinking for yourself. This was in the '80's - the start of the Decline of the West
How much money is enough Ken? You're already worth a lot, but you contemplate being 10x richer if... So I ask you, how much is enough? At what point do you stop the endless pursuit and enjoy what you have and spend more time with the people dearest to you? Instead of constantly pursuing...more.
Seems like there still coming to you for money. Make them find the money for the phone screens/ beats . That’s different but you’re giving them the money so they still have no work ethic.
Real Estate business is all good until a war break out like in Ukraine. One day war will find its way into American soil, and we will ask how Real Estate business is going over there then.
Yes we all need a chipotle for sure. I know it’s so hard to cook rice and beans and alittle chicken. Super hard. Spend spend spend. Society is getting destroyed just a matter of time
That’s fine and dandy but you’re 30 years of building wealth was in the easiest economy in the history of the world and i cannot expect the same environment for my wealth building years.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
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.
If you want to support the channel, please share this video to increase its reach.
It would really help us out, and it motivates Ken to make more videos.
Thank you so much it really means a lot.
How do we invest with Ken? Thanks!
Vv
😂😂😂
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
In fact, I had no prior experience or understanding when I began investing in 2018, but by the end of 2019, I had made a profit of almost $750k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
@@sloanmarriott5 Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
Wright promptly do a web check where you can connect with her Gertrude Margaret Quinto and do your research with her full names mentioned..
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
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.
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?
Just research the name Annette Christine Conte . You’d find necessary details to work with a correspondence to set up an appointment.
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.
I have seen a lot of your videos Ken! This is in the top 5 for sure. Maybe top 3!
I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?
Things are a bit strange right now. Inflation is making the dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.
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. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
I'm careful about giving specific recommendations since everyone's situation is different, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up online to see if she's a good fit for you.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
This mf made a 10 minute video just to say: If you want money, work
I knew I shouldn't have clicked on this clickbait of a video title
😂
yeah bruh i got clickbaited too
your perspective on financial literacy as a game where the informed are winners is spot on 🎯. It's a powerful reminder that understanding the financial system and leveraging opportunities creatively can lead to significant economic empowerment.
Love that "you learn alot when it doesnt work and you learn very little when it does"
Hello Ken!!, how does one determine the value of a raw piece of land with construction drawing approvals in place for multi family units development???
How about instead of giving generic advice like “Understand how money works” and telling us about your kids flipping beats headphones. You should explain what specific fields of knowledge about money we should learn
Agreed
Thank you！！！This encouraged me a lot!
Thank you Ken for sharing golden advice! Keep this stuff coming. Sometimes we need the dots connected to see the possibilities.
I am not in real estate (I’m in SaaS) but the idea is the same. Find a problem, give people a solution and make some coin. If you add value the economy will reward you.
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Finding financial advisors like Carol Vivian Constable 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.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
Its crazy, i dont know when it happened exactly, but I am in the headspace that he describes now. Whenever I see literally anything, i think of how it could be leveraged to make money. I see a car for sale and dont think "oo i want that" i think "i wonder if i could flip that for a buck. How much time it would take and if its worth the investment. Consciousness is key!
Back in 2008-2012 I had a great credit score. I tried to borrow from a ton of banks to buy houses. But they said my debt to income was too high, because of my rentals that had dropped in value. So, unless you were cash rich, or could fund raise with rich buddies, forget it.
Ken went to get funding in Canada
(Kens team)
Exactly that’s why when they say house prices go up when the interest rates go down isn’t always true. If you’re in a recession it does not matter what the cost of debt is if people can’t afford it they can’t afford it.
@@KenMcElroy Smooth move 👍. Too bad I was probably a decade or more younger than Ken at the time. With no schooling, very little experience and just winging it the best I could. There weren't as many good sources of info back then. At the time my job was cutting pay, half my immediate family died, and my girlfriend left me. I know Boo hoo...everyone has problems and excuses. But anyway, that was a really good move, wish I would have thought of that! Kudos to Ken, that's why he makes the big bucks.
Love the content!
I love the car detailing / turo story. Smart kid.
I’m a barber in the Houston area and plan on investing into my next business 🤞🏾
this is really informative! I’ve been watching a lot of videos but not DOING thanks for the wake up call
Great episode ! Always appreciate Ken’s wisdom and this great content !
Ken - did you read The Art of the Deal? Same mindset.
You’ve got to wonder what ideas are going to last. Malls were popular for quite some time but not anymore. Online is the new real estate
Great Ken.. thanks for your time Sir.
Thankyou for the dad wisdom.
Wise man wise advice.
Ken, thanks for your time.
Ken, I can tell that you are super fired up about this topic! Which is awesome! One day, I noticed several quarters sitting on my five year old son’s dresser. We never gave our kids an allowance so naturally I was wondering where the heck he was getting this money from. Turns out he had been selling pages from a paper airplane book he got for his birthday. He would let the kids choose a page and he would ‘build’ it for them for .50 cents. And if they couldn’t afford a page, he would make them a cool plane out of a regular sheet of paper for a quarter. 😂
You got a based hustler 😂
8:35 That's what I tell people about stocks and daytrading
Supply and demand baby
Hi Ken I just wanted to say even though I already knew most of what you have said you are definitely giving out quality advice and information to young entrepreneurs I congratulate you on that
Most people just don't invest. I the assumption that most people invest in the stock market at all is very generous.
Everyone learns from their mistakes. In my case not so extreme difference in income, but I made some not so good decisions too. Just don't be so hard on yourself about your 20s.
Thank you Sir
Make money, invest, live frugaly
Great wisdom. My strategy is not to go out there and start new ways of making money.
Find a simple stable job. Put 30% of my paycheck into the 401k. Put max on Roth IRA. Put 10k a year in a regular brokerage account.
Get a pension from my work also.
Between those accounts, surely I can retire with my dividend and passive income.
Great video Ken!
TQ for the great advise.
Great insights . Thank you much
You are truly amazing 🤩. You speak sense
That’s all I think about when I go into minneapolis and St. Paul is who tf owns these huge buildings? And how’d they get there? Where’s all this money?
It’s the start that stops most people🔥
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
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
she's mostly on Instagrams, using the user name
I can say that for the vast majority of people are in 5 or 10 years better off to not "just start a business" but invest 500€ into three high quality blue chips. Coming from personal experience, not because I listened to a RUclipsr.
True. But. Many business visionaries go in debt for their idea and then what they didn't see takes them belly up. Starting small like your kids is important i bet
"It's so cold outside, I saw a Democrat with his hands in his own pockets." Jay Leno.
😂 💀
hilarious
thanks from France
If I had learned to stop chasing $ in my 20s I would be a better happier person today. Yes you can be 10x richer but at what price? Think for yourself don't follow the gurus trying to sell you $something$/lifestyle blindly.
Not necessarily about chasing money. It may be that in the beginning but the journey to becoming wealthy and having a mission and purpose and progressing towards something is we're happiness comes from
im in my 20s and honestly i find it a passion to make money because it is hard, anything i find hard to do i enjoy more of it but i dont focus only on money i do other things too! like martial arts, yoga, gaming, spend time with family. its all about balance.
Ken is divorced. Wonder why?
My brother and I would sell candy and other things in Jr High school. We went to the Principals office several times and put on 'probation' as US schools discourage Free Markets and thinking for yourself. This was in the '80's - the start of the Decline of the West
Other things lol
They wanted to retain their monopoly.
Thanks.
Solid vid
How much money is enough Ken? You're already worth a lot, but you contemplate being 10x richer if... So I ask you, how much is enough? At what point do you stop the endless pursuit and enjoy what you have and spend more time with the people dearest to you? Instead of constantly pursuing...more.
Good stuff like always
You should have more different thumbnails on videos. You have this thumbnail on viddeo before.
Hi,
You didn't explain who buys those big pieces of crappy lands and turns them into successful business.
Why do I feel like these guys talk 9 minutes of fluff 😂
Seems like there still coming to you for money. Make them find the money for the phone screens/ beats . That’s different but you’re giving them the money so they still have no work ethic.
iPhone fixer 3:38 🤑
Getting Jeff Learner vibes
Well dats dope
Said a whole lot of nothing
“Tipoltle” hm
Another money junky guru. Yaaaaayy...
If you're 10 watch this video. Otherwise don't.
What is it that Joe Biden see’s that we don’t see? 🤔
Oh damn bro you look hit
I like it
Wool socks to bed=best sleep youve had🔵
Why do people keep saying this?
@@robbarrell easy advertisement.
@@mikieemiike3979 I still don’t understand lol 😂
Late stage capitalism buddy. Not the 70s anymore 🥰
Dude claims to be a billionaire but spends his life doing RUclips videos. Something doesn't add up.
Maybe he enjoys sharing tips to help other people
I've seen south park you can be a you tube billionaire with a " what what up your butt butters video"
When you’ve got billions, what else is there to do? You can search his name and find public info that shows he’s worth at least hundreds of millions
@@SCORPIO0601 doubt it, there are many fake rich people on YT, there assests are really there debt, unlike liquid cash or stocks, gold etc
@@lucash7012 you cant be that gullable, can you? name any other forbes top 100 or 200 people doing this, you wont!!
Could you please invest in me?❤❤❤❤
lemmie borrow 20$ for tommorrow
Real Estate business is all good until a war break out like in Ukraine.
One day war will find its way into American soil, and we will ask how Real Estate business is going over there then.
You can continue living in fear while everyone else is getting rich!
Yes we all need a chipotle for sure. I know it’s so hard to cook rice and beans and alittle chicken. Super hard. Spend spend spend. Society is getting destroyed just a matter of time
No doubt. We make rice, beans and chicken everyday. Sometimes we mix it up. This is a no brainer.
Wrap a tortilla around it. Magic
That’s fine and dandy but you’re 30 years of building wealth was in the easiest economy in the history of the world and i cannot expect the same environment for my wealth building years.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
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.
I'm new at this, please how can I reach her?
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
Sure! She interacts on what's App using the digit below 👇