Brilliant episode Gents. In particular Gabriel. I don’t think people realise how much value he adds to these episodes & conversations. His level of maturity, vulnerability and relatability when discussing these topics is admirable. As most men lead with their ego and paint an image to the audience that’s far from the truth. Gabriel consistently stays real. Keep up the fantastic work Chis and please have Gabriel on more episodes!
Best thing I ever did was buy a property with my older sister when I was 20. 6 years later we sold made 30 bags each and bought our own properties. My house now that I bought 8 years ago with my now wife is worth double what we paid for it. We’ve lived well taken equity out paid for a wedding, fixed up the yard etc. would never have made it to where I have in life if I didn’t buy all them years ago with my sister. I’ve just turned 35. My Mortgage interest rate has just gone up mad though my monthly mortgage has just increased by £450 a month. This country is a mess.
It’s actually a great idea to sit down and think what benefits there are to living in the UK for yourself vs somewhere else. Daps said in a video one time, London is good to visit but not live in. This rat race is a myth, and the weather and taxes are a mess. I’m leaving this year man, there are other options, don’t be scared to take that risk, and if it flops, the worst thing to happen is you coming back.
Great topic Chis. No disrespect to the other guests, but Gabriel seems to be a well balanced person. The others lads mentality are basically a 1% improvement of their parents. Chis always bringing light-heart to it - Legend!
You will be hearing me speak the bare minimum. I rather listen to everyone speak. More guests coming but my focus now is on amplifying all the guys and myself taking a semi backseat.
Ive been saying the same thing about getting on the propety market from back in the day,The fun days have gone now its a struggle to rent let alone buy a place.......Bless
Renting privately is throwing money away as you never see a return, even if people have brought over valued houses if they can maintain payments after 25 years they are mortgage free and can have something to retire on, if they want to travel they can rent out the property as long as rental covers the monthly repayment which it normally does
“… Still tryna get a mortgage, man I’m mortified. Cause no one ever taught me about credit, but credit to myself, go getters go and get it” *Young* 🔥(Avelino) 20:48
Great conversation- main takeaway points is living within or BELOW your means, maximising investments and savings and utilising credit wisely to your advantage. Pay things outright e.g car, annual road tax and insurance since monthly payments have added interest. But Yh UK is a myth
26:10 I remember listening to Grant Cardone - He said “The houses I own, I rent out and the houses that I rent, I live in”..🤔. Turning products into assets and limiting your expensesI guess 🤷🏽♂️
4k per month is 77k per year. How many jobs are paying that unless you have a specialist skillset, like tech, finance consulting or on your own business? It's hard out here
Glad to hear you guys mention property. It is the best investment you can make. There's no other investment class where you can go to a bank with a little money and they'll give you the rest of the money, then when the price go up, you get the full profit. It's not about the rent, it's about the capital appreciation.
You can still buy property if you done ACs just need to have done it years ago… shared ownership isn’t a bad thing you can build up equity then sale just depends on the housing association you use
@@SummerTyme2023 was only saying because I’ve been there and done it, now sold and have full ownership of another property. It allowed me to get onto the property ladder at 26 in London instead of paying 100% rent which would have been money wasted.
@@gabzqwerty Ok cool, Im really happy it worked out for you and it is excellent that you where able to get on the property ladder in London when it made sense. And your right, it actually does depend on the housing association you go through. However, I have seen impatience cause people to do part buy part rent...only to realise that if they had just saved the money they would have been in a better situation.
Realistically if you wanted to buy a 2 - 3 bedroom house.You and your partner would both need to earning a combined salary of 100,000. And to pass the mortgage application.
But general cost of living is low. It’s like Nigeria, shops may be expensive but you can rent a property that would be £1400 p/m here for like £800 p/m there in a nice city like Lagos / Abuja. Same with ownership, you can build a property from the ground up that would be £800,000 here for £350,000 MAX there because construction workers get paid way less than they do here & land is so much cheaper
I wouldn’t waste my time buying a house at 40 plus on my own , unless the mortgage is completely low compared to my rent . You’d make more money investing in stocks and shares .sometimes in life you can miss the boat , the banks are giving out 27 &35 year mortgages , this is no good for someone at 40 . Too many people fantasise about owning a property , however until it’s fully paid , the property belongs to the bank miss 3 payments and you’ll find out . 🙏🏽
Up to this day I still dont get why people in college would ask for my card to do that stuff I would love for one of you guys to explain what they were actually doing if possible i.e where does the money come from obviously fraud but can you explain it
Most people that bought during covid got bumped. Unless you're up via crypto or whatever buying in recent times means you've bought over market value and won't see appreciation for time. Renting isn't as bad especially in London.
Brilliant episode Gents.
In particular Gabriel. I don’t think people realise how much value he adds to these episodes & conversations.
His level of maturity, vulnerability and relatability when discussing these topics is admirable. As most men lead with their ego and paint an image to the audience that’s far from the truth. Gabriel consistently stays real.
Keep up the fantastic work Chis and please have Gabriel on more episodes!
💯 👊🏾
Best thing I ever did was buy a property with my older sister when I was 20. 6 years later we sold made 30 bags each and bought our own properties. My house now that I bought 8 years ago with my now wife is worth double what we paid for it. We’ve lived well taken equity out paid for a wedding, fixed up the yard etc. would never have made it to where I have in life if I didn’t buy all them years ago with my sister. I’ve just turned 35. My Mortgage interest rate has just gone up mad though my monthly mortgage has just increased by £450 a month. This country is a mess.
Nice 👌. You guys just flipped the property or were you getting rental income from it?
It’s actually a great idea to sit down and think what benefits there are to living in the UK for yourself vs somewhere else. Daps said in a video one time, London is good to visit but not live in. This rat race is a myth, and the weather and taxes are a mess. I’m leaving this year man, there are other options, don’t be scared to take that risk, and if it flops, the worst thing to happen is you coming back.
Great topic Chis. No disrespect to the other guests, but Gabriel seems to be a well balanced person. The others lads mentality are basically a 1% improvement of their parents. Chis always bringing light-heart to it - Legend!
You will be hearing me speak the bare minimum. I rather listen to everyone speak. More guests coming but my focus now is on amplifying all the guys and myself taking a semi backseat.
@@CHZO.
Always best to hear the guest speak!! Your doing a great job! 💯👊🏾
Watching this at 19 is a blessing
This dude is correct knowing the upbringing of BF, girlfriend, boyfriend is IMPORTANT. It’s important to know their background
Ive been saying the same thing about getting on the propety market from back in the day,The fun days have gone now its a struggle to rent let alone buy a place.......Bless
I agree with Gabe I’ve been planning for years to do 6 months in and 6 months out
Same here, 6-8 months abroad and summer in UK
Respect the honesty on this one
The big bros I wish I had years ago... Gna get some merch!!!
Renting privately is throwing money away as you never see a return, even if people have brought over valued houses if they can maintain payments after 25 years they are mortgage free and can have something to retire on, if they want to travel they can rent out the property as long as rental covers the monthly repayment which it normally does
Paying 7% interest on the mortgage is throwing money away aswell 🤣 renting is calm.
03:47 brother is spot on! Leadership starts from dad and mum!
Sick episode my guys. Real talk 💯🔥
“… Still tryna get a mortgage, man I’m mortified. Cause no one ever taught me about credit, but credit to myself, go getters go and get it” *Young* 🔥(Avelino) 20:48
The realest talk always 💯👑 bless up Kings.
Great conversation- main takeaway points is living within or BELOW your means, maximising investments and savings and utilising credit wisely to your advantage. Pay things outright e.g car, annual road tax and insurance since monthly payments have added interest. But Yh UK is a myth
26:10 I remember listening to Grant Cardone - He said “The houses I own, I rent out and the houses that I rent, I live in”..🤔.
Turning products into assets and limiting your expensesI guess 🤷🏽♂️
Why did he have to end like it that 😂😂😂😂 ffs but this was a good conversation
Sorry 🥴
4k per month is 77k per year. How many jobs are paying that unless you have a specialist skillset, like tech, finance consulting or on your own business? It's hard out here
Your maths is rubbed
@loosefishermen9111 after tax he probably means
Fantastic conversation 👏🏿
Glad to hear you guys mention property. It is the best investment you can make. There's no other investment class where you can go to a bank with a little money and they'll give you the rest of the money, then when the price go up, you get the full profit. It's not about the rent, it's about the capital appreciation.
I personally prefer the cashflow
Big episode, good insight.
Peakest part is it would be a struggle to get a 1 bed in croydon thats less than £1350
400 extra for bills
How you cannot keep with monthly payment is so baffling. At this age
50k per annum sounds like a lot of money but it's not especially when you have a car. £3k per month should be the minimum.
You can still buy property if you done ACs just need to have done it years ago… shared ownership isn’t a bad thing you can build up equity then sale just depends on the housing association you use
I wouldn't recommend anyone invest in shared ownership. It is not as straightforward as they say it is.
@@SummerTyme2023 was only saying because I’ve been there and done it, now sold and have full ownership of another property. It allowed me to get onto the property ladder at 26 in London instead of paying 100% rent which would have been money wasted.
@@gabzqwerty Ok cool, Im really happy it worked out for you and it is excellent that you where able to get on the property ladder in London when it made sense.
And your right, it actually does depend on the housing association you go through.
However, I have seen impatience cause people to do part buy part rent...only to realise that if they had just saved the money they would have been in a better situation.
Free health care is a great benefit in itself.
Quicker to get a private doctor now a days
Realistically if you wanted to buy a 2 - 3 bedroom house.You and your partner would both need to earning a combined salary of 100,000. And to pass the mortgage application.
In London come to Birmingham
Them ac days 😂 I always wondered why they didn't use their own account
My dad always told me he’d never link me n jail and he stuck to his word 😅
As he should. He didn't put you there
4K after tax is 78K a year.....
Ghana very expensive now basic items in shops are ridiculous overpriced
But general cost of living is low. It’s like Nigeria, shops may be expensive but you can rent a property that would be £1400 p/m here for like £800 p/m there in a nice city like Lagos / Abuja. Same with ownership, you can build a property from the ground up that would be £800,000 here for £350,000 MAX there because construction workers get paid way less than they do here & land is so much cheaper
I wouldn’t waste my time buying a house at 40 plus on my own , unless the mortgage is completely low compared to my rent . You’d make more money investing in stocks and shares .sometimes in life you can miss the boat , the banks are giving out 27 &35 year mortgages , this is no good for someone at 40 . Too many people fantasise about owning a property , however until it’s fully paid , the property belongs to the bank miss 3 payments and you’ll find out . 🙏🏽
1:30
Defo creative ways to get on property ladder with bad credit, defo worth speaking to a specialist broker. Love the platform ❤️🙏🏿
Up to this day I still dont get why people in college would ask for my card to do that stuff I would love for one of you guys to explain what they were actually doing if possible i.e where does the money come from obviously fraud but can you explain it
Anyone can buy a property is not that hard.
How, simple minded comments
That 60k a year is only do able if you've got a side hustle and I don't mean ❄️🥦
I work in tech and I make 60k not as much as it seems G.
Most people that bought during covid got bumped. Unless you're up via crypto or whatever buying in recent times means you've bought over market value and won't see appreciation for time.
Renting isn't as bad especially in London.
🎉🎉
Go to Colombia Gabs you won't regret ooo 😊