Sam Hyde: How to Get Rich (Credmaxxing)
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- Опубликовано: 29 сен 2024
- Sam Hyde: How to Get Rich | PKA & Sam Hyde Podcast Clips
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He should call into the Dave Ramsey show with this advice while laughing maniacally while Dave just sits there completely dumbfounded
Based
woody needs to research 2008 a bit better
classic clip
The moment he said buying a home is a bad move, i knew he was an idiot. Rent is more than a mortgage and even after 10yrs in a rented house, you own 0% of that house.
Not necessarily. I live in Munich where rent prices are similar to San Francisco, maybe a little cheaper. I know someone who has a perfect, big apartment right in the heart of Munich and his rent is ridiculously low. The reason is that he rented this very same apartment for 20 years and the landlord never raised rent. So in cases like this it's not so bad to rent. Sure he could have bought the apartment and then rent it out more expensive to someone else but then he would technically be ripping somebody else off for that. Maybe my logic is flawed though idk
Okay... so there are some cases where rent is cheaper than a mortgage, but you still own 0% of that house at the end of it all. That was my main point. Paying rent is the equivalent of taking that money and setting it on fire
@@TheRealTroubleShooter But you don't own the house either. You're renting off the govt. A house is not a home, and home is where the heart is.
@@lookingforfreewifi Yes you have no logic, the extremely unique and probably quite vulnerable position your friend is in does not apply to the vast majority of tenants.
@@TheRealTroubleShooterRent if it makes financial sense. Who gives a fuck about owning a house? It's just a place you watch RUclips videos and sleep in at night. The government can take away the house you "own" anyway.
any right wing person that says that they hate landlords does not understand economics so they must be strictly a social conservative, i.e. the worst. I am libertarian. Also, building things and blowing them up does not stimulate the economy. the economy at its core is about the real value of production. you can spend as much as you want. if you are not making things ppl need or want you will be broke as a country. broke even faster than if you did nothing.
If someone uses the term "right-wing" to describe their political beliefs, they're likely retarded, 'conservative' removes all doubt.
you sound like a Marxist my friend. Subscribe to Infrared
Hey lolbertarian what's the free market solution to you getting no bitches
@Moonshine Parallelogram not wrong tho lol
Lolbert speaking opinion invalid
Sam completely lost interest in the conversation 2 mins before this clip ended
They have always done that on this podcast. At some point in almost every single episode they manage to completely isolate their guest. Love the show, but that's just a reality of it for whatever reason.
I credmaxed before the pandemic and then stopped paying during the lockdowns. Two years later all the card companies settled at about 40% of what I owed. It wasn’t intentional but the advice Sam gave in that video saved me a lot of money.
Heavily depends on ur situation, because that credit history will be with you for life. So I hope whatever you bought with it was worth it, and you didn't just buy a gaming setup and a car
@@Robstrap dude I’m already getting letters in the mail begging me to take out more cards. Once I paid those people off it immediately went off of my credit.
@@garnetnard4284 hahaha that's fucking hilarious
@@Robstrap in the UK your credit debt resets every six years, late payments are removed. Im sure they can see if you've defaulted or made yourself bankrupt and that may effect their decision to give you credit, but officially its supposed to be a fresh start.
@@liam_7773 it’s like the same here in the US but it’s 7 years
whos that irish fighting candyman
Warren Buffet gave money to charities that are run by his own family lmao. Very "charitible"
They way I saw it, I‘d rather give it to a charity that I know is run by someone I can trust (e.g. a brother)
Yea, Sam, don’t buy a house because of paying property tax…instead, rent, and pay off someone else’s property taxes and mortgage at the same time for them
Renting can allow you to have more extra money to eventually buy a house to rent out to someone else.
If the goal is to be a landlord, that's the best path.
For me, however... I bought my house for 200k and 4 years later is was worth 500k.
And eventually I can sell it or rent it out. Upkeep is a real bitch though.
@@JamesOsyris it’s been a decade since you’ve rented, huh
@@JamesOsyris good for you, I guess
@@JamesOsyris I’m going to laugh at you when the market crashes
@@codyschwarz5155 I'll just rent it out and sell it when the market goes back up, dumbass. I'm young. Sorry you're broke.
Sams financial advise is INSANE and had me rolling
Sam is also one of the GOAT trolls. I wouldn't follow him into a Walgreens
@@kwisatzhaderach1458 I would claw my way past security to be in a Walgreens with him
Who's Sam Hyde? Just some guy who gave me 2 full bitcoin.
send me a half
@@brazyjay5604 You really that desperate for $10?
He freed the sla.....wait wrong guy
@@Meloncholiac $10,000
Maybe cred maxing was the friends we made along the way
woody as usual has no idea what hes talking about.
Janet Reno was pretty quiet on the tax evasion discussion I noticed lol.
In this video or the full interview?
The government owing all the land people need to live and survive on is tantamount to owning the people. Property tax is evil.
Very good point
It makes it impossible to be completely off grid when you need to pay for the land you're living on.
@@somevids4187 exactly, it's so unfair. Makes people have to go through the government just to get a life for themselves
Fun fact, France has a 0 percent property tax (from what I have read).
@@The-NamelessOne Dan, do you realise you just said "fun fact" whilst covering your ass with a
"from what I have read". Is it truly a fun fact if you aren't even sure it's true?
Had I not been careful I would have just taken that statement as fact.
This is a dangerous game you are playing. Misinformation can have a massive domino effect when you consider the billions of people in this world who would gladly pass around this misinformation unaware.
Hes literally doing what Robert Kiyosaki has been doing his whole life but in the most brutally honest way possible
Just want to say, because i work in the philanthropic sector for the past year. Bill gates gives money to charities that help is economic interest grow, wether its RnD's sort of foundation or funds that help demographic that partake in their business sector or projects that inderectly help their buisness. So when we hear " i gave my money away" look up what the foundation dose and many time you will see that it more of an investment rather than a donation.
He was buddies with Epstein and that says it all.
The 2008 crisis dropped the value of homes drastically in California. Homes dropped to less than 1/2 their value
And now they're 5x that
Surprised Woody is talking naïve nonsense bollocks? You must be new here.
@@dravensdraven4905 Ikr. He says crap like that all the time. Chicago prices were half or even cheaper AND they sold more slowly. Dude doesn’t know what he’s saying, just wants to sound smart.
@@theboogeyman9813 Not for long.
@@theboogeyman9813 naw
I wish I had the same naive understanding of wealth as Woody
I never understood why people sh*t on woody so much until the Sam Hyde interview.
@@garnetnard4284 I don't do it as much as most people but when you made your money by investing wisely and still don't realize most of your own wealth is violently illiquid....
the charity scam functions like this
donate to charity through a board that decides where the money goes, after 20 years the money is returned if not spent
you donate the money, control the board, collect a tax break on your donation and never let the board spend the money, the money is returned and you also made a nice big profit off of tax deductible charity.
Aww Jeez dude
I hurt my leggg
2:27 Bruh what are you talking about? They absolutely crashed. Prices in Chicago suburbs got slashed in half, some went for even cheaper.
That was the gangers culturally enriching the property values
Who the hell would want to live in Chicago?
@@SirWetBiscuit Crime is relegated to certain areas, mostly the outskirts. The suburbs are fine and it’s basically a healthier version of LA or NYC (I know that’s not much of a benchmark lol but it’s honestly the nicest big city in the US aside from some cities in maybe Texas and Ohio).
CredMaxxing is a legendary strategy
I really don't like listening to his life advice. I'm well enough older than him and he's never had a real job. Just stick to comedy dude.
Get with it grandpa, tiling the fields with a hoe is the one that's not a real job anymore.
Kyle is so gullible it’s not even funny lol
I'm pretty sure he's just playing it up. Scratch that, I'm praying he is lol
Will this really work?
Don't risk it.
lol
Yes
Yeah if you can perfectly time the market. And if you can't your life is fucked in 8 different ways.
@@chancekenyon2544 8 would be a great improvement
Y’all should get Stavros Halkias on the next episode.
A giant podcast with all three Cum Masters would be amazing
@@SplendidCoffee0 it'd implode immediately once taylor started doing one of his impressions he copied from nick mullen
@@TemporalMatador which ones?
@@dranelemakol korean landlord
You are a gay man.
Unfortunately this was 30 seconds of Sam and 5+ minutes of the other guys failing to be funny or interesting tbh.
This podcast sucks tbh
Literally all money rotates - the only exception is if you hold it cash.
woody guy gives me chills, something off there
Ah, so you are finally awake?
Just that nialistic gen X vibe
@@michaelnuttall5896 nihilistic
Its those dammed twichin flippin eyebrows. A Bob Saget cloning attempt gone wrong. We have to stop playing God.
Those are rookie numbers… go over your max credit like a man..
My 40k down payment on a house 10 years ago just turned into 615k when I sold it a couple months back. Don’t fuck up your credit.. buy a house as soon as you can. Also I shoulda bought 40k worth of bitcoin 10 years ago instead 😂
Woody is so cringe
That guy that looks like bob saget is so annoying
Probably what sam was thinking when he reached for the chips
😅 Bob Saget 🤣
@@barelythinkin That's why he got quiet lol
cred maxing
4:40 He gives money to his own charities
Sam just be lookin for a min in this video
Pt easy 2 hate landlords who buy up property over sticker so that they can sell/rent em out at a real high rate
I bought in pre COVID-19, I own a home in debt
i love it when anyone whos name isnt woody starts talking
Okay i maxed out my credit cards...now what?
Do i 100x long btc?
I don't think Nick agrees with your advice on homes Sam.
Damn sam got pissed by the end
Oh my God. Is the rest of the podcast worth listening to or is the whole thing like this?
As someone who will never be able to afford a home or anything significant on credit this seems enticing.
Bag of magic coins? Is he referring to Bitcoin?
That kids is called fraud
Not fraud you get credit lines fair and square not paying them back is the risk they take the problem is they have resources to get you to pay or life ruined
But it's not fraud when the banks do it, then it's "stimulus package". Rules for thee
Even though real estate has gone up, you still need to repair it and pay property tax every year.
and if you rent it will also continue rising, much higher than property taxes ever will
Not liking this Sam guy at all tbh
Woody calling shelter goods and services is all you need to know about him. A home shouldn't be the commodity that it is today.
but it is a commodity
No one has a right to shelter. It's by definition, a commodity.
Do you consider hotels a 'shelter'? No, you want to stay there so you pay- similar thing with renting
Big gay, you are.
Landlords are scum for abusing the system
The system itself is screwed up. Don't hate the player.
@@eclipsegfxable honestly such a poor excuse
Corporate landlords (you wouldn't believe who owns your apartment) or the little guy who invested in a rental?
some are, some arent. Depends on their actions.
Yes Blackrock and Vanguard.
jews love you to be in debt, and sam seems like one
CREDDMAXXING HAHAHAHAHA HILARIOUS!!!!!! ROLFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"nobody can buy a house" ... Utter bullshit. I've got four houses, I came from a poor family. It's easy, just work hard and buy at the right time.
everyone's just afraid that the right time will never come
@@barelythinkin well the right time will come here soon enough for most rich people
Yeah but you probably bought those houses from money by privatising Thomas, didn't you? You damn fat controller
Four houses where, Malasya?