My Advice to the Newly Eight-Figure Wealthy

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  • Опубликовано: 28 авг 2024

Комментарии • 54

  • @moghanem5109
    @moghanem5109 2 года назад +84

    Watching this as a 3 figure entrepreneur 😎

    • @vetiarvind
      @vetiarvind 2 года назад +12

      Watching as a 5 figure. Together we have 8 😛

    • @SuckerPunchTheClown
      @SuckerPunchTheClown 2 года назад +1

      What did the 5 figures say to the face?

    • @johnhobley
      @johnhobley 2 года назад +5

      3 down, 5 to go

    • @HouseJawn
      @HouseJawn 2 года назад +3

      Hilarious :)

    • @vipeton.8927
      @vipeton.8927 2 года назад +2

      Watching this with €0.10 in my pocket.

  • @StreetSmartMillionaire
    @StreetSmartMillionaire 2 года назад +18

    1. Prioritize your health above all. 2 Divide your wealth by the amount of months you plan to live (me at 59 =360). 3. Have at least 5 asset classes (metals, bitcoin/ETH, stocks, cash, real estate). 4. Have at least 3 investor class (indefinite) residencies. 5. Never spend more than 165 days per year in any country and know all possible residency test. 6. Only purchase properties priced between 300 and 600k in low property tax jurisdictions. 7. Have a prenup (in each country with assets) for anyone you date more than 5 months and wife for sure. You will need to reward anyone you date financially, based on time together. 8. As for stock buying buy indexes until you are really good at it. 9. Always keep earning. 10. Keep all non RE assets outside the places you divide your time amongst. ie keep off their radar with bank/brokerage accounts. 11. Bonus K.I.S.S and do at least 20 hours of research for every 1/4 million you are spending. A fool and his money will soon part company because they were lucky to get together in the first place.

    • @JohnDoeX1966
      @JohnDoeX1966 2 года назад +2

      This is all great advice, thank you for sharing.
      One point I want to add, now with crypto, someone can earn 12%+ APY simply by staking. This is better than what almost every bank or index fund can offer

    • @tylerfoss3346
      @tylerfoss3346 2 года назад +2

      John H., GREAT ideas and advice! I would like to learn more. Do you have a YT channel or website?

    • @sumin3333
      @sumin3333 2 года назад +1

      Thanks for sharing

    • @StreetSmartMillionaire
      @StreetSmartMillionaire 2 года назад +1

      @@tylerfoss3346 Sorry Tyler. Tip number 12 is that your privacy and connivance are priceless with wealth.

    • @genegene8686
      @genegene8686 2 года назад

      Drew needs to follow (1), looks like he stayed up binge watching and now has a tic!

  • @bennyblanco6317
    @bennyblanco6317 2 года назад +5

    Hex is the only asset with no negative externalities. You get to keep your own asset you don’t have to hand it over to get yield. There’s no middleman it’s a finished product that runs on immutable consensus code.

  • @tylerfoss3346
    @tylerfoss3346 2 года назад +3

    Watching as a less than 8 figure non-entreprenuer. Financial and life planning is important for everyone. Your ideas and your perspective on these topics are very informative and much appreciated. Thank you!

  • @Goldenpill
    @Goldenpill 2 года назад +1

    A deep dive into this topic would be awesome. Topic of Economic Defence!

  • @jordanbounty0x195
    @jordanbounty0x195 2 года назад +2

    A video on making where you are best may be interesting. 8 figure wealthy living in lower gdp economies can easily influence their own neighborhood and city, make where you are best.

  • @waterproofing2535
    @waterproofing2535 2 года назад +3

    I liked this video immediately after the intro. Love the topic.

  • @racrac4633
    @racrac4633 2 года назад +2

    Good job

  • @bennyblanco6317
    @bennyblanco6317 2 года назад +2

    When are you going to do an interview with Richard Heart?

  • @dimitarmargaritov
    @dimitarmargaritov 2 года назад +5

    I am currently 31, my goal is to own at least five international properties(beach houses would be best), a yacht (probably one of these new solar powered yachts), a jet and at least ten million usd in today's value in cash within the next 10-15 years.

    • @tequilainmanila
      @tequilainmanila 2 года назад +2

      nice goal, what's the plan? :-) (genuinely asking)

    • @dimitarmargaritov
      @dimitarmargaritov 2 года назад +1

      @@tequilainmanila Various online businesses like affiliate websites, stock market investing and so on.

    • @VwapTrader
      @VwapTrader 2 года назад

      Decent start

    • @SteveMiguel
      @SteveMiguel 2 года назад

      And a lambo :)

  •  2 года назад +2

    “If the people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

  • @Snail_Slowly_Moves
    @Snail_Slowly_Moves 2 года назад +1

    first:) Amazing content

  • @ButBigger42
    @ButBigger42 2 года назад +4

    Only 2 more figures to go.

  • @ethersecure2432
    @ethersecure2432 2 года назад +2

    What say ye to ditching the US after all these covid restrictions around the world? Hasn't the US shown itself to be one of the free-est places on earth now? I'm genuinely asking this question as I have very limited understanding of the situation in these countries considered good alternatives prior to Covid..

  • @snterp
    @snterp 2 года назад +3

    kasperbit sure looks like he fits the bill for an eight-figure entrepreneur.

  • @infinitesigma6616
    @infinitesigma6616 2 года назад +3

    Who do I see for 10-11 figures?

    • @me2ontube
      @me2ontube 2 года назад +4

      me - what's your address n the combination to the safe 😆

    • @hannahchase3881
      @hannahchase3881 2 года назад +1

      @@me2ontube 😂😂😂

  • @Ahmad-zb6td
    @Ahmad-zb6td 2 года назад

    ofcourse if you like the country you should get more comfortable property where you can settle for long term .. Andrew could u please talk about Ukraine, cuz their permenant residency programe is tempting. 🙃

  • @me2ontube
    @me2ontube 2 года назад

    that's ez ... CELEBRATE !!! 😁

  • @rivenoak
    @rivenoak 2 года назад

    10 000 000 is minimum for 8 figures and you may argue about amount is in $ or € or whatever currency.
    for a billion you will need 10 figures.

    • @ln5747
      @ln5747 2 года назад +1

      Most people on here can count.

  • @michaelmatisse2808
    @michaelmatisse2808 2 года назад

    what about private banking? can't a 8 figures person let the private bank manage the wealth and just monitor the decisions? in which country should the private bank be based?

  • @thedemoguy1628
    @thedemoguy1628 2 года назад +2

    😂 I am single figure entrepreneur 😭

  • @godude15
    @godude15 2 года назад

    Got any advice for 13 figures?

    • @rivenoak
      @rivenoak 2 года назад

      1 000 000 000 000 and up ? nobody is that wealthy, sorry :) to amass thousand billions is a wet dream still

    • @godude15
      @godude15 2 года назад

      @@rivenoak Some individuals will be soon, it won't be public information though.

  • @marxamillion5576
    @marxamillion5576 2 года назад

    Do you think it bothers Indians when people say Asians and don't consider them?

    • @ThisisFerrariKhan
      @ThisisFerrariKhan 2 года назад

      No, no it does not bother Indians at all.

    • @michaelmatisse2808
      @michaelmatisse2808 2 года назад +1

      what about middle eastern people who are geographically in Asia but no one thinks about them when they say asian?

    • @ThisisFerrariKhan
      @ThisisFerrariKhan 2 года назад

      @@michaelmatisse2808 the Middle East isn’t real thing cause there is no Middle North, nor Middle South or Middle West. You are either African or Asian or mixed but there is no such thing as Middle Eastern.

    • @michaelmatisse2808
      @michaelmatisse2808 2 года назад +1

      @@ThisisFerrariKhan Even Europe is not a continent, it is 100% the continuity of Asia,

  • @ToquzOghuzKhaganatekhan
    @ToquzOghuzKhaganatekhan 2 года назад +1

    Six figures isn't enough , must be eight figures as a Chinese man

  • @JohnSmith-gy8rc
    @JohnSmith-gy8rc 2 года назад +1

    This is frankly insane advice. Spend 10% of your $10m on a passport that allows you to live in 27 different high tax jurisdictions???

  • @krisassaley6176
    @krisassaley6176 2 года назад

    Lots of eight, nine, and ten-figure Hexicans are coming your way.