Rich People VS. Poor People
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- Опубликовано: 2 окт 2024
- This is the Largest UNAPPROVED / UNSPONSORED / UNCONTROLLED Magic The Gathering Channel in the world filled with Greed Monsters, Evil Investors, and ....3.696969% Women
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Twitter @MTG_AlphaInvest
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Rudy's Magic Store
10950-60 San Jose Blvd.
139
Jacksonville, FL 32223
It's so hard to take Rudy seriously without the pink visor.
I ONLY take financial advice from trusted sources usually hairy bears with pink visors.
Rumour has it rudy's stepped on the visor and is missing out on views because of it.
Gabe over on SNEEP stole it from him for his Monday Market Update Videos
That's how you can tell this was AI
Bruh he said he's 39 and bought his first house in 2005.... 18 years ago he'd be 21..... his entire story is bs.... very well spoken well read guy , but either you're a trust fund baby or just completely lying about everything
I always love these long money talks, thanks Rudy
Me too
What I appreciate the most about this channel is stuff like this. Rudy is super smart with money but it's not like watching a finance channel when you're trying to learn. He is just a giant kid and he knows his audience. He tries to keep it light and jokes while slipping in crucial concepts. Thank you rudy. Been here for a while now and still as good as when I started
In what way is this guy super smart? He's been complaining about Hasbro ever since it's been a challenge to make money. 😂
BUT... He would only end up with about 140k at most after the 8% sales costs or more, plus the 20% taxes+. It would be like losing 5 years of 'interest' ...
You didn’t consider 8% sales costs. As well as paying 20% taxes when you sell. Plus state taxes.
This was why I subscribed so many years ago. That and the horrible jokes!
You know this post made me realize how much I appreciate Rudy’s consistency
I will stop buying sealed product with 2023 Topps Update ( baseball cards vs mtg I know ) I stopped buying mtg sealed product after Dominaria. So in a few months I will no longer be adding to any sealed product ... just gonna hold
Can you do a complete beginner financial video? And a "How would Rudy start now in 2023?". Awesome videos!
I would love to hear what Rudy has to say about this!
I believe there is a beginner financial video from years ago but it's labeled in traditional Rudy fashion so I can't remember what it's called. The financial videos have been super helpful and I use a lot of his advice to this day
yes please, an update from the initial videos years ago but more beard attach
i'd say if you want to start in 2023 you should use the upcoming new TCG's to turn a profit.
Lorcana, one piece, flesh and blood. are currently all great investments.
How to start in 2023? Go to church and pray that God exists LOL
God please be Pink Visor time
^THIS!
He should have worn 2. He owes us one from the last time.
Yeah, this is BS. The visor is the best part😂
My friend, I’m here just for these long talks about money and i love every single minute of it.
I wish you were to share your insights more frequently, you’re great at explaining difficult concepts for noobs.
All the best to you and your family.
Finally another white board video. This is probably my favorite style of video from you Rudy. I know they arent really popular, but knowledge is often tossed aside by people who only like drama.
Honestly aftwe watching the entire video to the end, more and more I would love it if you deep dived more into these topics and got more into the nitty gritty. You'd be an amazing teacher. I know the time aspect is a rough one, but a boy can dream lol
😵💫 Cant tell if it’s the edible kicking in or Rudy’s camera flipping out 🧐
Relatable. 🤣
Im joining the club.
It's the camera rofl wow
Thank god I usually listen without looking lol
auto focus going crazy lol
📌 *Nice video, love how you take your time to educate your viewers. You gave me the mindset to invest my savings now I have made profits over $120k Right now and still making more , I am enjoying a good life with what I made investing. Indeed ‚building a Portfolio income (investing) through a licensed investment adviser is one out of many ways to earn passive income.*
😂😂😂 ain't no way some random NPC just had a full blown scam discussion...
Oh please magnificent genius, where can I send all my money so i too can be a trillionaire by doing nothing more than sit on my toilet?
There is a lot of good info, but the fact that you paid off the house was always the issue( a cash out refi last year would have been the way to go)...rich people do not pay off the loan, they put down the least amount of 10-25% and use the tenants money to build equity. If you put down 50k on your 250k house and if you made 10k, that would be a 20% return.
We both know that you're doing 10-minute videos very regularly because the YT algo incentivizes that. My favorite videos are always the longer videos (which I do watch until the end) with the war stories and the finance contents. I watch eagerly for the latter ones. Thanks!
One by one, my play group is dropping out of the game. Some of us still play, but none of us invest or collect anymore. While this may be a good time to invest, because everyone is elsewhere, it simply isn't fun. I buy the very few sets I like, but if I can be making much greater returns with no effort, why would I invest in something I no longer enjoy.
Damn what a masterpiece. Even brought it all back around to MTG
I'm very drunk or Rudy's camera can't focus for shit
I was poor watching this channel in 2018 during the Hour of Devastating Wallet era and now its 2023 and im still poor. ;(
Rudy, you should become a college business professor 👍
He would have to wear pants though
He wouldn't be able to contain himself. The halfwits playing make believe would run him off the campus.
@@chrisfloto3599digital classes? From his basement
_Rudy A. Investments, PhD, head of the Cardboard Department_
If Rudy was my land lord I wonder if he'd accept sealed product as rent.
Oh he would.. at 60 percent off tcgplayer/ebay low
Sure at 40c on the dollar
Lmaoo
_"Only Revised Dual Lands with not too smoke-yellowed borders"_
Alright, something funny below: "Don;t blame the lazy people, they didn't do anything"
😂😂😂😂this is great,i'm going to use it
"Compounding intrest is the 8th wonder of the world. He who understands it earns it. He who doesn't pays it"
It is hard to FOCUS on finance when you have other issues in life.
Then fix your priorities
@@grymmgaming7035I guess you did not get the joke
Rudy's white board videos are always my favorite content. He really does an excellent job explaining both the concepts and dynamics in/around business, as much as trading cards.
Our group stopped buying sealed boxes after The Brothers War because Wizards had far too many price increases this year only to have Amazon Dumps later on in the year. Wizards have screwed over the distributors, the LGS, and the players. We our saving thousands of dollars by not falling for Wizards gimmicks and they overprint their products. Thank you for the video Rudy.
That's 10 years late, but hey, better late than never..
@@RazzleDazzle23 lmao
Your Florida homeowner's insurance 3 X'd, didnt it?
I have to hank you Rudy for what you do.
I'm not an investor. I'm just a player that would like to see prices driven into the ground so I can finally afford a Craterhoof for my elves.
But Magic has the player, the collector and the investor sides to it, so It's really useful to have someone explain how the system works behind the scenes if you don't fit in all the three categories.
LoTR feels like an EXTREME outlier, there's way too much crossover between the fanbases and there was a boom in LoTR advertisement and stuff coming out, I have SERIOUS doubts about any other UB doing as well and think Doctor Who will be a big wake-up call and sell mediocre
I could see the Final Fantasy one doing pretty well. The rest not so much. And LotR would still be a big outlier just on the One Ring hype alone.
thank you for not wearing the pink visor so I can take you seriously.. now I know where to put my 50 million, into Sorcery boxes..
Just found out I get a full $40,000 a year disability check after my dad dies until I die. I Thought I would be Stuck at ~1,000$ a month forever. Lol felt like I just lost 50lbs feels so much better🥳
I have zero interest in CCG stuff, but I love watching Rudy videos. These financial vids are pure gold- would love to see more. Wish they’d have taught us this stuff in school. Thanks, Rudy.
I've been watching for years and have never even touched a magic card
@@CoffeeVSInvesting Same here!
RUDY'S BIGG SCAM TO SCREW THE LITTLE TIMMY......SOUNDS LIKE TOILET PAPER TOO MEE😅😅😅😅😅😅
The big problem with the bonds that banks like Bank of America hold is that they also bought them when interest rates were low and so the bonds themselves were trading at a premium. So they're getting burnt by low interest rate mortgages which make up a majority of the households in America on one end (I think something like over 90% are locked in under 3%, but this number should improve as more and more new mortgages get approved). Now add in the fact that some of these bonds they bought have cratered in face value as interest rates have increased, and institutions like Bank of America are out billions of dollars.
I watched all 45 but can't come up with a joke worthy of the effort you gave in this video. The easy interest money has been super attractive. That said I have went that direction while still adding to Weiss and Pokemon. The long term potential on these TCGs probably will outweigh the easy money but like you said diversity is important. People are so negative on TCGs that this is an incredible opportunity.
Whoa, whoa, whoa! Incorrect video title! Didn't you mean "Trust fund babies" AKA Little Rudy's VS. Average Joe's that have no choice except work a 9-5 roll in this setup system? 😉 yep,folks, it's true. Most of us will only ever be a cog in the system working for the Rudy's.....
Your camera is all over the place!
Dang... Longest video I've ever seen listening to someone justify WHY they sold something. Hmm. You okay bud? Only 8~ish years left.
C’mon, spending the weekend drafting? By single childless grown ass adults?! Disposable income is NOT for diversification, but to boost a collectors ego, is the evergreen.
TL/DR: Even after all of his analysis, the home (8% return = $20K) is a better investment than his corporate bonds (7% = $17.5K pretax) with his very conservative numbers (appreciation around us is 7% average over past 20 year vs his 4% Florida average). Be diversified for sure, but the rental property is the better option with all else equal. Rudy's opportunity cost is $2.5K per month to save maybe a day or two of work a year. Maybe worth it for him, but not the average small rental property owner.
It really depends on where the property is. Florida is high risk and a lot of areas - especially around Rudy - are kind of undesirable (thus the $250K - we are assuming after fees and taxes). In a desirable location, you have to factor in average appreciation as well. For desirable areas it is 5-10% a year (averaged over 20 years) in addition to your rental income, but I understand the Florida average is probably far less, and even negative in some areas. So yes, you are making maybe 5-6% on the rental income, but you are at least doubling that with appreciation that can be borrowed against - a real asset. This is actually why large companies and individuals with cash are still buying up property and homes - at least in my area... it is one of the biggest hurdles to home ownership for the average person and it would be great if the wealthy weren't allowed to hoard scarce necessities like food and shelter.
Honestly, the time to prep and sell a house and go through the closing process is equivalent to 2-3 rental turnovers. Also, if you are not an apartment and not a corporate landlord, your turnover is far less frequent than 2.5 years. Rudy even said this property only had 3 renters total. We have only had 4 renters over our 17 years of renting our home. We have had to organize maintenance during turnover or repairs and had to clean 4 times to get that extra 1-3% return every year. We haven't had to replace the roof (30 year roof is standard here) or A/C (not in Florida) in that time and maintenance is only a couple hundred dollars for A/C & heating. I agree with taking some money out for maintenance ($1K a year), but turnover is much lower and we have never had a vacancy for more than 2 weeks (cleanup and move in the next). Finally, housing has much more scarcity than CDs or bonds and it is a necessity. Housing is extremely in demand in many areas and is almost as sure as an investment as a bond - at least over the past 40 years.
if you own stocks, bonds, real estate, high end collectibles and have a retirement plan, reply to this comment :)
Keep in mind of your calculations that purchasing power plays a huge role in all of this. Money is a intermediary object. It's just the middle man of trade. The real value comes in the form of ownership of property. If you get stuck holding the iou's (promisary notes) when they become worthless, you are fucked. The wallstreets/central banks/politicians are constantly devaluing your monopoly money. Until such time that a precious metals backed currency fully returns to the market and remains a staple of such, as when JFK tried to introduce EO 11110 just before he was assassinated by them. You have to keep in mind the value of that which you are trading your commodities for. Property ownership/production is the real wealth in this country/realm, not amount of capital/money you have/taking in. You can get 10k of appreciating value a year, but if that 260k = 250k from the year prior, it hasn't really gone up in value at all. It fact it's almost guarenteed to be worse, as you said 10x worse, as these central banks are in the long business of harvesting and stealing resources from every country till they own everything via the method of monetary value manipulation. They will manipulate the markets just as much to make you think the value of your property has decreased so you are more willing to sell it off. This is how they got the crash of the 1920s going. Banks and stock markets manipulated the people into thinking the value of their goods were being demolished so they could buy their stuff for pennies on the dollar. Don't devalue what you hold based upon numbers someone else feeds you. You have to get an intrinsic feel for what you oppertunity buyers will trade for your wares.
My point in saying that is, even if you seem to be getting a bigger profit from selling something vs keeping it. Sometimes, the value of ownership is worth more than the profit you would make from selling it, especially if you are making some kind of kickback for ownership and upkeep of that property that gives is continually value just from keeping it in your hands. A one time lump sum doesn't guarentee that. And the ownership of that property provides you with more than one type of value.
Also, just a side note, from someone who understudied (sort of) in the AC business for a year, the lifespan in louisiana is somewhere between 10-15 yrs. If upkept well, (yearly check) it can last longer, so 20 yrs is not out of the question, but at that point, it might become more expensive just to upkeep the unit vs just getting a new one.
The reason why the banks failed was because the underlying bonds were safe but due to the interest rate drop the sale face value of the bond dropped no problem if you hold to maturity but people were getting scared and pulling there money out causing the banks to sell there bonds taking a loss because they had to pay out depositors taking there money out. Death spiral and panic caused insolvency, funny really because the bonds were perfectly safe if held to maturity,
I know you probably don’t care because YT doesn’t seem to be a legitimate revenue stream for you in the grand scheme of things, but I think you could make a wildly successful YT channel just focusing on finance. Pretty sure I’ve never seen another finance channel make a giggity mid video, and that’s a problem.
Well, you didn't put $250k in your bank deposit! To be fair, just like the real estate taxes you pay monthly when keeping your rental, you will also pay a capital gains tax when you sell your rental, which also negatively impacts what % you can make on your bank deposit. Apples to apples.
16:59 Rudy: no matter how bad you think it is times that by ten.
Damn, you’re being generous. Try 100x. What next you’re going to hand out free PS5’s in Times Square 😂
A roof has a life cycle of 20 years?
How cheaply made are US roofs?
Crappy walls, windows and roofs. Houses have to be cheap to build under these circumstances.
It'll be time to unload vintage in 5-10 years. Why? Because that's prime age for mid life crisis peeps looking for some old magic.
Need to buy a couple of chalupas for this one.
You know what’s funny? The value of my collection looking like a waterfall
It's so bleak to view the world as earning interest or paying fees.
Not that I can refute that.
And also because I'm a fee payer.
Rudy, as a non-fee payer, does it feel bleak for you as well?
Aren't corporate bonds risky and the rates can change quickly?
You forgot property insurance/ liability insurance many state require on rentals liability insurance for stupidity of tenant. See titok video do I pull the knife my kid put in the electric socket as it smokes.and starts electrical fire. Then of course the emergency all hours phone call because to a tenant everything is emergency.
Fire the camera guy! He needs more FOCUS! 😂😂😂
a non correlated asset that yields % a year would be the holy grail.
is magic that problably not long term 5% seems like a lot at least for new magic.
i.e. I think gold and silver age collectibles vs new 52.
non correlated sure feels correlated to the market this cycle
deciding bond are better based on nominal yield doesnt seem logical because nominal yiels are only up because of inflation which is what your alternative assets are designed to shield you from?
you are a wall street guy so I am confused here.
You didn’t get into the taxes from ur bonds if it is worth it for you as well. If it sucks up half of the 7% then it might be better sticking to the house and even hiring someone to do the work for you. Which also saves u that time ;)
Most people who do real estate have 2 left hands and don’t know how to do anything themselves.
45 minute green screen gangsters. Its time to diversify my bonds, g.
I dont give a shit about MTG, i only watch this channel because of these videos !
Watched the entire video in 2x speed, I believe this to be the true speed in which Rudy's brain operates. Sick.
lost it at Rudy's ideas of how to spend all his extra time by going the corporate bond route
Lost 90% of my portfolio last and this year, dont be like me guys
I can’t imagine buying a house in Washington state at 20 y/o
The banks aren't lending out money that was deposited by customers. When a bank gives out a loan it doesn't check whether it has the money because it can simply generate the money. It gives out a loan if it thinks you will pay it back.
Banks have a tiny rate of money reserves to outstanding credit.
I can't take you seriously. No pink visor 😂
I was poor when i started watching your vids. Im still poor, but maybe a bit wiser. I love white boards.
By the way HAPPY BIRTHDAY you legend!
Comparing pre-tax with post-tax wtf
COVID denial Rudy is the best Rudy.
This still isn’t a FAB update. 👎🏻
This is one of the best financial education videos I've ever seen on RUclips. Thanks for sharing your thought processes.
They really are. Every time he does a pink visor video, I learn more than I ever did in my 30 years of life about money and the mindset of money and investing.
Still posting golden content in the dancing girls shorts era. Love to see it.
the camera focusing is so bad lmfao
We need more people willing to speak the truth like you.
Companies can also disappear. Your bonds may never be paid back. On your 4 bond there is at least a 20% chance one of the 4 defaults over the next 20 years.
You should hear his story about buying the Indian casino bonds. Think he mentioned it was his biggest loss in his time investing
“Everybody got choices”
-E40
I chose to get money im stuck to this bread
These videos are the true value of this channel.
Taco Bell is a rough restaurant to eat at when you're wearing white skinny jeans
Brokenomics by the Lotus Eater goes over this kind of stuff pretty in-depth
Dan!
I love the cut your ear off and mail it to yourself🤣 gets me every time
Something funny below!
I cant believe Rudy only charges $1500 a month rent. What a deal!
The housing equivalent of the early Patreons.
Here is something funny Rudy! I was in Orlando ordering sushi from DoorDash app. I chose pickup and my friend and I went to the restaurant. Restaurant did not have our order. So I check my app, I chose the correct restaurant but it was in Minnesota. So my friend gives me nicknames based on Minnesota landmarks. :)
Something funny below
from start to finish, i was playing with my left 🥜 the whole time watching your masterclass video lesson. 🤓
Giggity
Your breakdown of the taco index is always a treat to experience
XRP, XDC, XLM, DAG, Casper!!!!!!!!!!!!!!!!!!!!!!!
These videos are like a condensed form of economics and business classes, but without the piece of paper that says i'm a good boy who can finish tests correctly
So not what you compared it to at all
You're a Timmy if you think that.
@@gregpenismith1248Your mother
WOW. I’ve watched your channel for years! You have NEVER been so political. (without saying anything political……read between the very big thick lines) . Thank you for your insights!
And Yes! There is something funny below!
Love the whiteboard videos.
"carries the load" giggidy
Thanks for putting in all the effort to make this video. These white board videos are always special. Watched every minute.
There are actually 3 types of people.
People that makes things happen
people that watch things happen
and people that ask "What just happened?"
THANK YOU FOR THE WHITEBOARD TALK!!!
Rudy, 45 minutes?! Wow, but really great stuff. Something funny, somewhere in the middle, garage door opener, PPP...why is everything a giggity on this channel?
Lol I only watch Rudy for the ocassional financial/life advice not the MTG stuff
Rudy, you were so close...there ARE only two types of people.
1. Those who sell their time for money
2. Those who rent their wealth for money
"My money MAKES money. WE'RE RICH" -Uncle Phil on Fresh Prince of Bel-Air
Those two are the same person
Love this video, people need to learn more about money. You may not be perfect when planning things out but you can save yourself a lot of headaches if you just plan it out over emotionally jumping into a situation you cannot afford. Heck if you just planned a budget and what direction you want your money to go, you would be ahead of the majority of America! Drives me insane to seeing people flashing stacks of cash. People see riches and wish they had that lifestyle. I see it and question if they do indeed have it because I know that money could be making a hell of a lot more if they invested it correctly.
“That’s Timmy shit” should be a t-shirt
Doing the lord’s work.
For a moment there I thought I was watching the original Timmy from when Rudy started talking about sealed going to 0.
Then I realized it's just Timmy 2: Taco Boogaloo and Rudy just reused the script from the original.
Am I crazy or is 21/17 > 1
Made it the 46 min mark. The two types of people analogy is going to stick for awhile
well - its 60fps 🤣