Did you have anything away for retirement when you started in your 40’s? I’m 48 and had some deals that went bad and cleaned me out so now I’m starting over and am worried about retirement. I’m thinking I will buy. Few rentals and get the mortgages payed down and live off of that when I retire. Love to hear your execution. Thank you
I have rentals for the last 40 yrs. If you don't over leverage your loans, nothing can go wrong. You get cash flow plus appreciation and tax write off, plus 1031 exchange, plus a high net worth. Later you will get high net income when the loans get paid off. It is inflation proof. It is a safe and simple strategy.
As a realtor from Malaysia, this is by far the most legit financial education channel. No gimmicks, no rah-rah buy high sell low upsell crash course bullsh. Kudos to Ken ✌🏻
I remember those days but we are debt free since 2016. Ever since 2016 we only buy if we have the 💰 in the bank. Don't go into luxuries..you will be poor. Now instead of paying 70% towards credit cards we invest 70% of our income. We went from no savings to 500,000 and in 5 year we will have our house paid off..😊
@kens805 I didn’t either. It was not to be taken literally. I make $120k/yr and a $1400 mortgage and I certainly don’t have the kind of savings mentioned. It was. sarcastic statement on my part. I should be more responsible.
I did an ADU in Maine 2 years ago and it's a lot easier today with Maine approving AUDs (but also more expensive). Paid for it with the sale of a seasonal property, so I now have a constant secondary income for as long as I keep the primary house and these properties.
I’m working on an ADU on my CA property. Converting the detached garage/shop. I figure this is the best way to deploy my remaining capital now that rates are so high and I left my W2. I can leverage my remaining capital with sweat equity to add another unit. I also converted my CA single fam by adding a studio unit during the remodel. So I will eventually add 3 units from this one single fam purchase. It’s a 4 bed 3 bath on .85 acre lot
Mr.McElroy. Im a blue collar guy who holds realtor license. And learn more from you and George than my own brokerage. I love your sister story. My question is. Whats her/their mindset? Grinding daily, what sacrifices they did. Things they’ve forgone for future. Money is a lot of habit. And Thats key I believe. Lord knows I struggle. Thankyou. .
An excellent presentation. It is the first one that I have seen that really shows that you care about people. I'm sure you do all of this for that reason... but the presentation theme/tone here was very good. Your wife is very lovely too.
We both are retired to receive $3200 a month but luckily we owned 3 houses free and cleared in Bay Area California but not enough money to spend like 4 years ago.
As a worker in my 40s, I have done all the "right" things, except for being a worker. The squeeze I feel daily is unreal. Everything is slipping away from me and I am left feeling defeated.
Have had my house for a decade now. I'm finally in a position to buy my first investment property. I have been dollar cost averaging for for 5 years. While i am late to the investment game i still have 30+ years till retirement. I hope to havw a decent property Portfolio by 65.
It's tough out there with home and car prices soaring, especially for single folks or those with just one income. Even dual-income families are feeling the pinch.
Just do something that will earn you money while you sleep, no matter how little. A pandemic is the perfect way to open your eyes to really see what life could be like without your usual income stream, when everyone had to stay home. Well I didn’t really get affected because I invested in companies where i earn 4 digits per week Thanks to my FA. The best thing you can do for yourself is invest more and spend less.
recently started in stocks and I don't mind investing a substantial sum, I'm looking to build an investment portfolio like this. I'd like to know if your advisor works with newbies like me who are willing to invest? if yes, can you refer me?
The traditional career path was really challenging, and I remember the stress of managing bills and dipping into my savings. After a lot of research, I decided to explore an alternative investment strategy since I couldn’t rely solely on ETFs and bonds due to my time constraints. Over two years, I saw a return of $1 million and eventually retired with $3 million. Looking back, I’m simply appreciative that this experience led me to make changes that worked for me
the odds have always been stacked against the average worker. Your mention of returns raises a question. how do you distinguish between research driven results and plain luck? the role of luck is downplayed in investing
consistent outcomes aren't luck. I attribute this to research which was the challenging part before it led me to Emily Ava Milligan, a top fund manager, in turn she made 373k into this and counting
I dunno about that blanket statement. I'm a multi millionaire and me and spouse always had regular day jobs. just kept the big 3 expenses low as possible and invested the rest. Age 40
For your final comments that the next 10 to 20 years, there will be rent caps and rent controls, would you recommend for a newer investor to sell by owner financing? If so, any thoughts on these considerations with the slow flip method?
I want to live in a 20-million-dollar house. I'll never get that by being an employee. I'm a computer programmer. It used to be my dream to work at microsoft, develop the kernel of new versions of the windows operating system. I used to be sad because due to some vision problems (keratoconus), I wouldn't make the cut. Today I think differently: why would I use my intelligence and hard work to make someone else rich and famous? Why can bill gates live in mansions while I was putting in the effort to be his employee? That's humiliating. No way. Today, I'm just working at a reasonable company, saving reasonable money, to open up my own company.
I think that if inflation keeps being persistent many people could be forced in to selling their homes to cover those expenses. Insurance premiums going up are forcing some people to sell their homes. Then again may be US government needs inflation to deflate the US debt.
@KenMcElroy Please be careful giving investment advice. Commodities can produce excellent cash flow, better than rental properties. Many energy ETFs and energy stocks pay 7-12% dividends. This is 2-3x better than current CAP rates. I would wager that risk is higher in rental properties because of increasing expenses and vacancy rates.
You can buy out of state as long as you have a good property manager. You shouldn’t be managing your own properties anyway. They’ll charge 8-10% of the rent. This also gives more options to invest in markets that are appreciating fast.
Well I here you I make 125-135 grand in Canada and seems like can't save anything. 1982 I was working pipeline 6 days a week cleared 1300 week. I banked 21 grand 21 weeks. AHouse could be bought for 50 grand new I can't save 500 a week now and I own house drive junk car
This is true and also why the rich get richer. While everyone else is pinching pennies to save because unemployment is high, the wealthy have cash to buy up valuable assets that are on the "cheap".
Stay out of bad debt, invest as much as you can, read lots of books, don’t invest in anything speculative like bitcoin or options…Vanguard funds or QQQ are probably the best. QQQ has outperformed the market though. I would also say live with your parents as long as possible. Rent is a huge waste of money. If you want a place of your own save until you can get a 4-plex and live in one and rent the rest out so you live for free and hopefully get a little cash flow to cover all the expenses. Get a Fidelity account and pay yourself first. Whenever you make money transfer as much as you can that you won’t need to Fidelity and invest it. If you are living at home with your parents you should have low expenses so you can invest more.
Sorry to hear that. Perhaps you should take a closer look at your finances because something isn't adding up. My wife and I earn $600K combined and we're able to live extremely comfortably on a third of that. We don't have any debt but, if we did, we certainly wouldn't feel weighed down by it.
Inflation stats are terribly misleading. They don’t weight categories properly, and the very method of calculation changes regularly. The reality is inflation is FAR worse than what the “official” numbers suggest. Housing alone has nearly doubled in the last several years in real life cost (i.e. rent or mortgage/interest cost). People in their 29s and early 30s are getting crushed, even when they have strong income. They simply can’t afford interest on mortgages and incredibly inflated transportation costs.
82m baby boomers own ~70m homes in the US. If they rented rooms, supply might be relieved, and rents might go down for all. There is just a temporary supply shortage. All those homes need new families as time goes by.
@@MchlV-es7qf Well, I put into my advertisement that rooms were available to only female 'Professional Football Cheerleaders', preferrable from the NE Patriots. They get a discount.
Having five employees required to execute a You Tube channel is definitely not a part-time side gig. It rquires a lot of time and effort. Don't mean to be negative. But we must be realistic about the comments that you make. There are many variables. I hear lots of "sugar coating".
People who don't want to work for an employer or aren't employable always want CASH FLOW. My sister wants it, has never worked. Nobody would hire her. Needs CASH FLOW to live. Regarding rentals business model, there is a high degree of RISK. Maintenance. Squatters. You cannot homestead exemption a rental property that you don't live in. It's a headache IMO. Best way to invest is home ownership, metals.
Side hustle = secondary income , thus you get taxed more as a result or diminishing rate of return. Shouldn't the focus be acquiring/learning new skills to put yourself in a higher earning bracket???
Lot of people think just because they make 120 K or 200K they are rich they are not figuring in account all the taxes that comes with a high salary 🤦♀️ if you are spending all that money on you LIFE style you are not rich . Most wealthy people don’t even have a fancy degree and they are multi-millionaires how they know how to invest working for a salary is just the start if you invest IN YOURSELF you will make beyond your wildest dreams . They don’t teach financial literacy in school if they did more people would be financially free .
Mr. Ken I saw a video on a content creator channel about how a man who owns only one franchise subway and how he was complaining about he makes less than a $1,000.00 dollars every month. Now everyone on social media was talking about him saying how he thought he was going to be rich. In my opinion I think people should not be so quick to think of money. Yes when owning something or even investing in real estate or just being a trader if you don't make any money from it I noticed the first thing people will say is oh he/she thought they were going to be rich. I think when you're trying to start a business I think you should move in silence by not letting anyone know. I think that young man was bragging and telling it to everyone he knows.
excellent topic. saved and got to watch today. I plan to be a landlord! $3500 in savings and plan to save $1000 a month for the next year.....would $10,000 be enough for a downpayment??
Now is not the time buy Real Estate. It will come once housing market corrects. Just think of all the baby boomers that will sell and settle for a retirement home or trailer. Inflation is real and most are already thinking about their future.
Great points…..can’t be more obvious…I wonder how Ken feels about owning a majority of his properties in areas that will be unlivable in the coming years. Yes climate change is real….read “Phoenix is to go through Katrina of heat waves” Living in a bubble is never a good idea.. As a SoCal landlord we have less than 2% late rate…..
How can we be under supplied if there’s hundreds of thousands of vacant homes on the market today? Is it just for multi-family? Multi family listings just went up massively in my area which is a tell tale sign for something. In any case, people are no longer having families. After the baby boomer generation dies off, then what? As an appraiser, I’m assuming this may be market specific?
NEVER buy a new car ! Unless it's for a business. ..... IMHO Inflation calculations MUST use the 1971 USD as the starting reference point. 🤔 💭 What did Nixon do in 1971 ?
It really depends on the individual's definition of "Rich". For some $1 to $5 Million is well off while others feel that in order to feel rich, they need a net worth of $10 to $20 Million minimum to feel rich.
sorry , unsubing , no more 200 / 300 dollars for a class thats totally useless. for the average person , we have the internet and we can "learn all we need to kno " for free.
How can that be true when the more people make the more buying power they have? For example I could out spend and out save my old roommates because for every dollar they made I am at minimum an additional .50 cents to $2.00. It is just not possible to buy stuff with too few dollars!!!
all these talk heads who influence anyone and everyone, need to start walking instead of sitting, go ask your fellow citizens how they are doing, and find out what the future will hold in regards to our Capitalistic Varied Economy... shesh... wish i could work by just sitting around talking my brain off.
You can sign up for the webinar with Jeff Snider here go.limitlessexpo.com/kenmcelroy-a
Please replay the live chat..
Will the Zoom be recorded?
Oh nice! So glad you guys got Jeff Snider at your Webinar! Looking forward to it. Jeff is a beast when it comes to Macro Economic Data!
I didn’t make it until I was in my 40s. You can make up for a lot in a few kick ass years. Don’t quit!
Me too! Thanks ✨️
Did you have anything away for retirement when you started in your 40’s?
I’m 48 and had some deals that went bad and cleaned me out so now I’m starting over and am worried about retirement.
I’m thinking I will buy. Few rentals and get the mortgages payed down and live off of that when I retire.
Love to hear your execution.
Thank you
Thanks I'm 37 literally doing that very thing now!
thank you brother
Thank you I needed to see this
I have rentals for the last 40 yrs. If you don't over leverage your loans, nothing can go wrong. You get cash flow plus appreciation and tax write off, plus 1031 exchange, plus a high net worth. Later you will get high net income when the loans get paid off. It is inflation proof. It is a safe and simple strategy.
As a realtor from Malaysia, this is by far the most legit financial education channel. No gimmicks, no rah-rah buy high sell low upsell crash course bullsh. Kudos to Ken ✌🏻
I remember those days but we are debt free since 2016. Ever since 2016 we only buy if we have the 💰 in the bank. Don't go into luxuries..you will be poor. Now instead of paying 70% towards credit cards we invest 70% of our income. We went from no savings to 500,000 and in 5 year we will have our house paid off..😊
Must be nice making a combined income of $300k.
@kens805 I didn’t either. It was not to be taken literally. I make $120k/yr and a $1400 mortgage and I certainly don’t have the kind of savings mentioned. It was. sarcastic statement on my part. I should be more responsible.
Our combined income is 200k.
I did an ADU in Maine 2 years ago and it's a lot easier today with Maine approving AUDs (but also more expensive). Paid for it with the sale of a seasonal property, so I now have a constant secondary income for as long as I keep the primary house and these properties.
I’m working on an ADU on my CA property. Converting the detached garage/shop. I figure this is the best way to deploy my remaining capital now that rates are so high and I left my W2. I can leverage my remaining capital with sweat equity to add another unit. I also converted my CA single fam by adding a studio unit during the remodel. So I will eventually add 3 units from this one single fam purchase. It’s a 4 bed 3 bath on .85 acre lot
Love Ken’s videos, authentic advice from someone who’s actually done the work. He tells it like it is without any BS! Thank you for the great content!
Mr.McElroy. Im a blue collar guy who holds realtor license. And learn more from you and George than my own brokerage. I love your sister story. My question is. Whats her/their mindset? Grinding daily, what sacrifices they did. Things they’ve forgone for future. Money is a lot of habit. And Thats key I believe. Lord knows I struggle. Thankyou. .
"How much did my job cost me?" is something I try never to think about anymore.
Thank you for this talk today, Ken and Danielle. Really appreciate. Very enlightening.
Awesome Podcast.
Thank You 🙏🏼
Thank you very much
Truer words were never spoken. Build a biz and u get income, pride and when u sell u get value add
Big fan of both Ken and Danille. Always lots of good nuggets in every video.
An excellent presentation. It is the first one that I have seen that really shows that you care about people. I'm sure you do all of this for that reason... but the presentation theme/tone here was very good. Your wife is very lovely too.
Absolutely priceless information. Thank you so much 👍
Thank you man for your information, it's so valuable.
We both are retired to receive $3200 a month but luckily we owned 3 houses free and cleared in Bay Area California but not enough money to spend like 4 years ago.
Did you sell your Bay Area property? If so, when?
As a worker in my 40s, I have done all the "right" things, except for being a worker. The squeeze I feel daily is unreal. Everything is slipping away from me and I am left feeling defeated.
Some excellent tips here from Ken! I love what his daughter Danille says too - excellent advice!
Thanks guys!
Thank you guys!
Yes! I was able to get a 40k grant for my ADU IN CA
That's awesome good job. What program is that?
How were you able to get a grant for that in CA? Could you point me in the right direction
Have had my house for a decade now. I'm finally in a position to buy my first investment property.
I have been dollar cost averaging for for 5 years.
While i am late to the investment game i still have 30+ years till retirement.
I hope to havw a decent property Portfolio by 65.
Thank you Ken for this video
I would like to buy a used car, but was offered a loan at 22 percent. :( too high for me to make it make sense.
It's tough out there with home and car prices soaring, especially for single folks or those with just one income. Even dual-income families are feeling the pinch.
Diversifying income outside of government support sounds like a smart move.
You should buy a car you can afford with cash
toyota corolla is probably the way to go if you actually need a new car. Otherwise stick with what you have if it works.
Corporations are getting squeezed with inflation. However, they can affect price changes (increases) to offset inflation. And so the cycle continues.
Just do something that will earn you money while you sleep, no matter how little. A pandemic is the perfect way to open your eyes to really see what life could be like without your usual income stream, when everyone had to stay home. Well I didn’t really get affected because I invested in companies where i earn 4 digits per week Thanks to my FA. The best thing you can do for yourself is invest more and spend less.
recently started in stocks and I don't mind investing a substantial sum, I'm looking to build an investment portfolio like this. I'd like to know if your advisor works with newbies like me who are willing to invest? if yes, can you refer me?
@@phyllisburtonhearsawho Certainly, she goes by Dianne Sarah Olson. run a web search to connect with her
Did a quick search and found her webpage. I must say her resume is pretty impressive.. will be writing her too
Subscribed!
The traditional career path was really challenging, and I remember the stress of managing bills and dipping into my savings. After a lot of research, I decided to explore an alternative investment strategy since I couldn’t rely solely on ETFs and bonds due to my time constraints. Over two years, I saw a return of $1 million and eventually retired with $3 million. Looking back, I’m simply appreciative that this experience led me to make changes that worked for me
the odds have always been stacked against the average worker. Your mention of returns raises a question. how do you distinguish between research driven results and plain luck? the role of luck is downplayed in investing
consistent outcomes aren't luck. I attribute this to research which was the challenging part before it led me to Emily Ava Milligan, a top fund manager, in turn she made 373k into this and counting
I pasted her name into my browser, and her website popped right up. your example is rare. I wish i had it earlier to reference. thanks for the share
Emily Ava Milligan robbed me blind.
@@tjr6254me too!
Preach. Thanks for the LIVE real-time data Ken!!
1. Have no debt
2. Hedge your expenses
3. Increase income
I dunno about that blanket statement. I'm a multi millionaire and me and spouse always had regular day jobs. just kept the big 3 expenses low as possible and invested the rest. Age 40
It also depends on how much you make and where you live.
@@ljones9841 of course. we moved to the midwest to keep expenses low.
For your final comments that the next 10 to 20 years, there will be rent caps and rent controls, would you recommend for a newer investor to sell by owner financing? If so, any thoughts on these considerations with the slow flip method?
Your loan is fixed, but the insurance, property taxes, and repairs are not. Its getting expensive in Florida.
Very helpful Thank you for sharing
So I will never get rich making $200k salary as a 27 year old engineer while saving/investing 60% of my take home pay?
I want to live in a 20-million-dollar house. I'll never get that by being an employee. I'm a computer programmer. It used to be my dream to work at microsoft, develop the kernel of new versions of the windows operating system. I used to be sad because due to some vision problems (keratoconus), I wouldn't make the cut.
Today I think differently: why would I use my intelligence and hard work to make someone else rich and famous? Why can bill gates live in mansions while I was putting in the effort to be his employee? That's humiliating. No way. Today, I'm just working at a reasonable company, saving reasonable money, to open up my own company.
Great content 🙌🏻. Ken, do you currently hold a Contractor License or you just an Investor?
He’s a billionaire. He and his wife do this to give back.
I think that if inflation keeps being persistent many people could be forced in to selling their homes to cover those expenses. Insurance premiums going up are forcing some people to sell their homes. Then again may be US government needs inflation to deflate the US debt.
I know many rich engineers CEOs, CTOs, with more than a million dollar income.
@KenMcElroy Please be careful giving investment advice. Commodities can produce excellent cash flow, better than rental properties. Many energy ETFs and energy stocks pay 7-12% dividends. This is 2-3x better than current CAP rates. I would wager that risk is higher in rental properties because of increasing expenses and vacancy rates.
20 year old car, 34 year old truck, same house, I make twice what I made when my car was new, and I'm worse off by far
So what it used to take 30 years on inflation will only take 10 to 15 now!
Sure thing. You right Ken.
i got plenty of nothin' and nothin' is plenty for me - words to live by and is the attitude of one who will only work something he loves to do.
I am so nervous about getting into real estate being I am in NJ, I have heard horror stories of people never paying or leaving the Apts
You can buy out of state as long as you have a good property manager. You shouldn’t be managing your own properties anyway. They’ll charge 8-10% of the rent. This also gives more options to invest in markets that are appreciating fast.
Well I here you I make 125-135 grand in Canada and seems like can't save anything.
1982 I was working pipeline 6 days a week cleared 1300 week. I banked 21 grand 21 weeks.
AHouse could be bought for 50 grand new
I can't save 500 a week now and I own house drive junk car
High unemployment leads to lower prices.
This is true and also why the rich get richer. While everyone else is pinching pennies to save because unemployment is high, the wealthy have cash to buy up valuable assets that are on the "cheap".
Can you provide tips to young people on how they can become successful?
Hustle and level up your income frequently. Invest 15% of your income. Check your ego & LIVE BELOW YOUR MEANS!
Stay out of bad debt, invest as much as you can, read lots of books, don’t invest in anything speculative like bitcoin or options…Vanguard funds or QQQ are probably the best. QQQ has outperformed the market though. I would also say live with your parents as long as possible. Rent is a huge waste of money. If you want a place of your own save until you can get a 4-plex and live in one and rent the rest out so you live for free and hopefully get a little cash flow to cover all the expenses. Get a Fidelity account and pay yourself first. Whenever you make money transfer as much as you can that you won’t need to Fidelity and invest it. If you are living at home with your parents you should have low expenses so you can invest more.
It all can be fixed in November.
We make $600k combined - but still weighed down heavily by a high student loan balance.
Doctors?
You make 600k a year but are weighed down by a student loan balance 🤦🏻
Sorry to hear that. Perhaps you should take a closer look at your finances because something isn't adding up.
My wife and I earn $600K combined and we're able to live extremely comfortably on a third of that. We don't have any debt but, if we did, we certainly wouldn't feel weighed down by it.
It’s not how much you make, it’s how much you keep. Buy assets, not liabilities. Avoid the tax man with a feverish pitch.
Folks have zero sympathy for doctors. 😂
Inflation stats are terribly misleading. They don’t weight categories properly, and the very method of calculation changes regularly. The reality is inflation is FAR worse than what the “official” numbers suggest.
Housing alone has nearly doubled in the last several years in real life cost (i.e. rent or mortgage/interest cost).
People in their 29s and early 30s are getting crushed, even when they have strong income. They simply can’t afford interest on mortgages and incredibly inflated transportation costs.
82m baby boomers own ~70m homes in the US. If they rented rooms, supply might be relieved, and rents might go down for all. There is just a temporary supply shortage. All those homes need new families as time goes by.
@@MchlV-es7qf Well, I put into my advertisement that rooms were available to only female 'Professional Football Cheerleaders', preferrable from the NE Patriots. They get a discount.
Grandma needs a Roomate!
Until the tenant does not pay & trashes your place
If you have enough units then it doesn’t matter. If you have one or two single family homes and someone trashes it then you’re in trouble.
you can lease a tesla for $300/mo
Lost me with i didn't even know that youtube paid? Really
Call bullll
He started the channel in 2015. Back than his style really didn't make any money. Maybe he is telling the truth and thought it was just for marketing.
@KenMcElroy Did y'all archive that Limitless conference from May 31? I'd like to check it out
Depends on one’s definition of rich.
This economy is BS, my goal in life was $100k/year, now that I have reached that, it doesn't really matter because now I need more to feel safe.
20 dollars an hour minimum wage is hilarious. Starting çourt clerk pay in Oklahoma City is 15 an hour with a 3% yearly raise.
Having five employees required to execute a You Tube channel is definitely not a part-time side gig. It rquires a lot of time and effort. Don't mean to be negative. But we must be realistic about the comments that you make. There are many variables. I hear lots of "sugar coating".
People who don't want to work for an employer or aren't employable always want CASH FLOW. My sister wants it, has never worked. Nobody would hire her. Needs CASH FLOW to live. Regarding rentals business model, there is a high degree of RISK. Maintenance. Squatters. You cannot homestead exemption a rental property that you don't live in. It's a headache IMO. Best way to invest is home ownership, metals.
People keep saying landlording is a headache but they are thinking small. You’re supposed to scale it to be able to hire management.
@@eliot5220 Yep but you need to Landlord it at the beginning. Risk. Work. Headaches. Squatters. Destroyers. All affect quality of life.
Side hustle = secondary income , thus you get taxed more as a result or diminishing rate of return. Shouldn't the focus be acquiring/learning new skills to put yourself in a higher earning bracket???
Sell plasma
Lot of people think just because they make 120 K or 200K they are rich they are not figuring in account all the taxes that comes with a high salary 🤦♀️ if you are spending all that money on you LIFE style you are not rich . Most wealthy people don’t even have a fancy degree and they are multi-millionaires how they know how to invest working for a salary is just the start if you invest IN YOURSELF you will make beyond your wildest dreams . They don’t teach financial literacy in school if they did more people would be financially free .
Mr. Ken I saw a video on a content creator channel about how a man who owns only one franchise subway and how he was complaining about he makes less than a $1,000.00 dollars every month. Now everyone on social media was talking about him saying how he thought he was going to be rich. In my opinion I think people should not be so quick to think of money. Yes when owning something or even investing in real estate or just being a trader if you don't make any money from it I noticed the first thing people will say is oh he/she thought they were going to be rich. I think when you're trying to start a business I think you should move in silence by not letting anyone know. I think that young man was bragging and telling it to everyone he knows.
Smartest fish i ever seen
excellent topic. saved and got to watch today. I plan to be a landlord! $3500 in savings and plan to save $1000 a month for the next year.....would $10,000 be enough for a downpayment??
Stack your Sats and XRP folks
Generally speaking I call BS!! It’s what you do with it rather than what you get.
Now is not the time buy Real Estate. It will come once housing market corrects. Just think of all the baby boomers that will sell and settle for a retirement home or trailer. Inflation is real and most are already thinking about their future.
Great points…..can’t be more obvious…I wonder how Ken feels about owning a majority of his properties in areas that will be unlivable in the coming years. Yes climate change is real….read “Phoenix is to go through Katrina of heat waves” Living in a bubble is never a good idea..
As a SoCal landlord we have less than 2% late rate…..
How can we be under supplied if there’s hundreds of thousands of vacant homes on the market today? Is it just for multi-family? Multi family listings just went up massively in my area which is a tell tale sign for something. In any case, people are no longer having families. After the baby boomer generation dies off, then what? As an appraiser, I’m assuming this may be market specific?
NEVER buy a new car !
Unless it's for a business.
.....
IMHO Inflation calculations MUST use the 1971 USD as the starting reference point.
🤔 💭
What did Nixon do in 1971 ?
Are they father and daughter or husband and wife?
Arm candy
Unless you are an engineer who become senior manager or an executive C-suite LOL
If minimum wage had risen over the years like it was supposed to minimum wage would be over $21 an hour! Are you kidding me dude
Target is paying $18 for entry-level employees
18 PLUS TRILLION CONSUMER DEBT !
Are they dating?
Ai will help fix your AC. You can wear a headset that will show you how to be a mechanic. It’s already here.
In India 99% of the population don’t own cars, we are heading that way.
The title is absolute false -- plenty of employees are rich.
It really depends on the individual's definition of "Rich". For some $1 to $5 Million is well off while others feel that in order to feel rich, they need a net worth of $10 to $20 Million minimum to feel rich.
sorry , unsubing , no more 200 / 300 dollars for a class thats totally useless. for the average person , we have the internet and we can "learn all we need to kno " for free.
You paid for a class and you didn’t like it ?
How did this woman get this job ....
I tell everyone that the greatest financial decision I ever made was working a job. Six figure salary is irrelevant.
How can that be true when the more people make the more buying power they have? For example I could out spend and out save my old roommates because for every dollar they made I am at minimum an additional .50 cents to $2.00. It is just not possible to buy stuff with too few dollars!!!
all these talk heads who influence anyone and everyone, need to start walking instead of sitting, go ask your fellow citizens how they are doing, and find out what the future will hold in regards to our Capitalistic Varied Economy... shesh... wish i could work by just sitting around talking my brain off.
I CAN START A ONLYFAN
Pay off your debt and buy gold and silver and wait. Try not to buy real estate or a car for the next 3 years. Don’t make any major purchases.
Bruh
I’ve been buying 2 houses a year. I’m planning on getting 3-4 this year.
she looks like the barbie from rugrats
its going to be different? remember 2008? Arizona loss 75% of equity! do NOT pretend it can NOT happen again!