What it's Like Having "F*
HTML-код
- Опубликовано: 10 май 2024
- Take a trip to Colorado this week with Ken McElroy. In this video, Ken discusses the relationship between money, time, and personal freedom. He touches on how financial independence can transform everyday life, the challenges of sustaining generational wealth, and strategies for smart investment to maintain a lifestyle without compromising your financial base.
Ken has a real estate strategies podcast! Follow your favorite platform each week.
Apple Podcasts: apple.co/3jDqftx
Spotify: spoti.fi/31GUDwW
Follow Ken on social media at: x.com/kenmcelroy
• • •
Be sure to click the bell to be notified as soon as the next informational video is posted!
Visit Ken's Bookstore: kenmcelroy.com/books/
•
ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: mccompanies.com/
•
DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’
Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites.
All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate. Comments which are off-topic, offensive or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
2024 KenMcElroy.com, LLC. All Rights Reserved.
#kenmcelroy #realestate #realestateinvesting #FinancialFreedom #WealthManagement #PassiveIncome #RealEstateInvesting #InvestmentStrategies #GenerationalWealth #LegacyPlanning #PersonalFinance #WealthCreation #FinancialIndependence #LifestyleMaintenance #AssetManagement #WealthSustainability
If you want to support the channel, please share this video to increase its reach.
It would really help us out, and it motivates Ken to make more videos.
Thank you so much it really means a lot.
It seems like you work more than most!
Thank you for sharing your knowledge and experience Ken. It's extremely hard not to smile all the time lately. I had the epiphany that I'm on a never ending learning journey and everything has blossomed into a different optimism level I never dreamed of.....now taking the action part, well.... that's on you 😁, just kidding. Keep making videos Ken, they are appreciated, you are the man!
Money is too often abstracted away from it's underwriting assets which are labor and resources. You should be able to value your contribution to society in man hours of labor. Resources aren't really your anyway.
HELP you OUT??? If you're so rich, why are hand-outs wanted..... BS....
@@outlaw19able When did he ask for a handout? He asked for people to share the video and it would help out.
Self made millionaire here. My business colleagues and I are constantly grappling with the challenge of how to raise our kids to keep them grounded and "hungry". My business partner took his 4 kids to Rwanda for several months to help build a school. The town had no clean running water. He wanted to give his kids true perspective. My solution is to never let them know we are wealthy. They truly have no idea and I want to keep it that way, while training them how to view money and how to invest. Their friends are children of the "high paid w2" Ken speaks of. They have every toy imaginable, as do their parents. Meanwhile, my kids are perfectly happy wearing 2nd hand clothes, or shoes from Wal-Mart. Despite high wages, many of these parents are living paycheck to paycheck. It's mind blowing to me. Anyway, my 2 cents. Great video as always Ken! Hopefully we can meet up the next time you're in Denver.
I think shoes from walmart is pushing it a bit. Why not buy a pair every few years like regular people. I think spending time with them will be more valuable than any material item. Its what really counts in the end.
@@yashpatel261 they're really young, so they go through shoes very quickly. No reason to overspend on quality. Also, could not agree more on spending time with them. I coach my son's soccer team, attend all his boy scout trips and ski with them both every weekend. Time is for sure the most valuable thing.
Competition is a good way to build those mental callouses. Sports and even art like music. Maybe our kids won’t desire to exceed financial freedom into abundance. As long as they’re happy, healthy, and have the discipline to push the legacy without us, money won’t matter. Another idea is to let them know they’re only getting a portion and most of your wealth is being donated 🤷🏽♂️
My dad is pretty well off but I was expected to work as soon as I could. Caddy when I was 14, once I was 16 I worked 40 hr/week during my summers in HS and college. Went to a private school with a lot of spoiled kids. A lot still had drive though, just dick personality
@@stocksxbondage I go back and forth on the donation. It would make me proud to be the one who started a generational legacy. But it might make me even prouder to teach my kids how to fish.
27 year old RV park owner here. I've been growing my portfolio for 5 years straight and I've never paid myself yet. Started with mobile home flipping, now RV Parks & now reinvesting into bigger things. I still work a full time job. Im very close to the point where I dont have to work my full time job anymore. This video inspires me to keep going. Thanks for the motivation Ken!
I just hit financial freedom this year at 34. I bought fixer upper apartments in a great neighborhood and in three years managed to boost the rents nearly 50%. The cashflow of 3k covers my expenses of $2.5k. I still have a long ways to go! 30k/month cashflow is my 10yr goal.
2500 month? Living light
@@KyleMcDermott3 I want to boost my lifestyle, trust me. The best use of money right now is to place into more cash-flowing assets. I can have my mid life crisis later on
@@andersonandrew112 I’m 36, I’ve been grinding with my own business and a job for over a decade. Built up a decent nest egg. I’m Scottish so frugality is in my blood. I’ve had a lot of death around me and see how short life is. Don’t be afraid to live it.
Amazing. Not bad. I hope to get started on this as well. I’m going to invest in real estate when my stocks go up I’ll sell palantir at $50 right now it’s at $21
That’s a low bar…. If the s**t hits the fan (which is what is about to happen), you may lose your financial status fast….
Ken, your 1st, 2nd, 3rd Generation analysis is SPOT ON. I have always said this exact thing. Having worked for a small family business before building my own, I have observed this first hand. The 1st Generation starts with nothing and builds value which generates wealth that the 2nd Generation eventually gets to benefit from. The 2nd Generation sees the hard work of the previous Generation and can relate, but grows up with the wealth from the 1st Generation. By the time the 3rd Generation comes around, they have become so detached from everything the 1st Generation did and being raised in wealth from the 2nd Generation that they don't know how to grow or maintain it. That's why a lot of small family business fail by the 3rd Generation.
I have big respect to Ken and to those who started from a very humble place and achieved their personal financial freedom. It gives me hope for myself. Thank you!
That was actually the real american dream.
I believe in you
I was told to spread my money across different things like stocks and bonds to protect my $750k retirement savings. Now, with the markets being shaky, should I keep adding money to my portfolio or consider other options?
Absolutely! Having a financial expert has been a game-changer for me. They provide tailored advice that takes into account my unique financial circumstances, which has helped me make informed decisions and avoid costly mistakes.
Thank you for sharing your positive experience! I've been contemplating seeking the guidance of a financial expert myself, but I wasn't sure where to start. Do you have any recommendations on how to find a reputable financial advisor or firm? I'm particularly interested in someone who can provide personalised advice and help me develop long-term strategies for financial growth. Any insights you can offer would be greatly appreciated!
I like Ken because he is down to earth because he started from humble beginnings.
Thank you for staying humble. You are not only rich on the outside you are also inside rich. Now that’s quality! 😊
I retired at 55 being self employed all my life my main issues were not only the handouts but frivolous lawsuit, like my buddy used to say if they see you have money they want some of it… and that’s the sign my friend that you are successful in life
Thanks for all the good info
The wealthiest guy I know lives in a median priced home for the area, drives a 2019 non-luxury car and dresses like a broke college guy.
I haven’t even seen the video yet , but I’m STOKED to see Ken flex, because he never does!!
I believe that is why he is making this video...for his 3rd generation!
Never thought I’d see the day Ken showing off his wealth being a humble man he is
It is necessary once in a while. It motivates us to reach his level.
u need to flip ur mindset lol
I wouldn’t consider this showing off he’s just showing what it’s like to live his life not trying to flex
Been following Ken for a couple years and he is a prime example of someone who does not let wealth get to their head. He understands wealth is about freedom and using it to live your purpose. I think just important knowing what to do with the money once you have it as it is gaining it.
I don't have the desire to own fancy cars, big homes etc..I lived a wonderful life and all I need is a fully paid house, passive income of $4k a month is plenty to me.
Really? You know what I have wondered Marcielle? What if God does actually grant people what they want but the forces of this world convince them to ask for petty things when there is so much more they could ask for. I ask God everyday to win big in the lottery, become a multi trillionaire, and to become God enthroned on earth. Idk. Sounds like a lofty wish list but I'm not about to spend all my life on earth just to die then get to the otherside realizing I could've done/had more .....if I just asked
@1stPersonStateConsciousness 😂😂😂 WTF 😂😂😂 By the way there is no other side, at the end that's IT 😂😂 poor forever buddy, praying for wealth WILL get you NOTHING. 😂
@@1stPersonStateConsciousness , You seek God with all your heart and His righteousness and all these things shall be added unto u. My most important wish is God drawing me near to Him. I have everything I wish and some I thought was impossible but God granted my hearts desire. I wanted to see Air Force 1 and also to fly in the king of Saudi Arabia private plane, both wishes happen on the same day. I wanted to see the world and thought I could only be able to see when I die but God brought me all over the world. I wanted to be a millionaire by 40years old and also to give down payment for homes for all my sibling who doesn't have one but God fulfilled my desire. I wanted to give a business to my dad who is not very educated but God put me at the right place and time that I got a courier contract for him to run. There is so many others that I can't listed them all. Faithful in little God will give you much.
Everyone says that till you get the 4k. Also ignorance is bliss once you find out about all the cool things you can buy and the expierences you can have you'll need way more. Like Ken says his fun weekends are 50k
@@billycho566 , I have 6months vacation in different places around the world, what more does anybody want.
Thank you! It’s great to hear advice from someone at that level. Humility is priceless.
Always appreciate the content Ken!
Ken, this is Gold. Thank you and thank you for all the time you put into this channel. Also, it was awesome seeing you speak last weekend.
Sage advice as usual!! Thank you. Be well and enjoy your time Kenny!!!
Ken is the man! Super knowledgeable person, humble, and confident.
Glad he can reflect on his hard work and help others do the same. Thanks Ken!
This video was much needed for me! Thanks for keeping me motivated!
I’m going to the UFC fight in June too. I thought me spending $1000 on tickets was a lot 😂
This is so spot on. Thanks for sharing 🙏
Thank you, Ken ! Always appreciate your wisdom !
This video really spoke to me. Thank you for sharing.
Great info! My children are readers of Rich Dad , poor Dad and have been passing info like yours his to them. Some of them understand and on their way to success. As long as they keep learning and stay humble I will be happy for them.
I love Ken for the in depth perfection on weekly vids. I think these more personal ones are even better though
Thanks for being so candid. This was a good video.
Thank you, Sir! What an amazing message. In my opinion, maybe your best video ever. Keep up the great work!
Excellent advice!
Thank you!
From Canada
My wife and I very much appreciate your posts and all of your advice! They help keep us focused and motivated to become financially liberated. Thank you Ken
Awesome! Thanks, Ken!
Amazing insights. I’ve read a lot of books , listened to a lot of podcasts and youtube videos but the a good amount of the insights you shared are new to me. Thanks for sharing!
I'm loving the Vlog style intro video. Always enjoy watching your channel and I've been learning from you since 2013. Thank you for the education you put out.
Ken, you are an inspiration for so many people and are living an amazing life. It takes years to get to the level. Thank you for sharing your wisdom and lessons to help others on their journey.
Ken has been one of my (virtual) mentors since 2020. He’s real with the advice and has been a great contributor to my journey.
What do you do ?
Love your content. What an inspiration 😊
Wow, I really really like this video. He gives so much knowledge in such a short video and it doesn’t feel like he wants anything from me. He just giving the knowledge freely.
Awesome insight. Thank you
Thank you.
One of the finest expressions of wealth wisdom I've ever heard, and I've seen many others, and they are truly great and filled with wisdom, too. But this one by Ken is so rich in common day language, and should be seen -- and re-seen, and re-seen again and again -- by every teenager and young adult. A big Thank You, Ken, for all that you do to bring the value of hard word and the joys of achievement and success to so many. The greatness of America is that it provides the soil (freedoms and legal protections) for people like Ken to reap the reward of hard work. In too many countries, -- nearly all others, imho -- private achievements are quashed or stolen by government or the existing oligarchs who choose their government puppets.
Great video..
Thank you for your time & your stories!
Much appreciated & valued ✌🏻🤔👍🏻
yep, I like smaller scale and stress free environment but to have that peace of mind ~
Thank you for the valuable advice, Ken. ❤️
Thank you . Great great advice. 👍🏻👍🏻
Thank you so much
Great lessons in this video. Thank you Ken!
Time, Money, Health, and Social Capital (strong spousal relationship in my case) are the four asset classes.
My mentor said it is very common to be wealthy in one or two of these categories, but not all four. Before I became a FIRE retiree in 2020 at age 45, I made sure I was abundant in all four areas.
FYI INTJ / INTP personality types are the majority of folks who make up the FIRE community.
Very true to never get into debt and never touch your financial base. I have retired and am happy to say I never once sold off shares to pay for my costs. And the portfolio just grows and grows.
This story is the summary of all walks of life of being wealthy..I love you Ken.. thanks for the advice..
So many facts were said in this video 💯
Thank You!
This is gold advice, great stuff
Yes sir!!!! Love this video!
Very helpful Thank you for sharing
Great wisdom and advice, Ken. 👍
Terrific video! I loved it. Thanks for the wisdom
Amazing video, Kenny!!!! I really enjoyed it and found it educational.🎉
Thanks for sharing. I love the analogy of the treadmill. The irony is very few people, even wealthy people, realize that we are all on a treadmill where your desires end up controlling you. It seems contradictory, but it's only by needing less that we can achieve true freedom.
I like this video, will watch more, thank you for the perspective
Great video/content Ken and I appreciate the advice and knowledge you shared with us thank you brother.
Awesome Video Ken as always.....
Great advice, Ken
Ken, I have so much respect for you! And thank you so much for your opinion on generational wealth! I was so curious why you made this video title. Seemed out of character 😅🙏💚 grateful for all your advice!!
Proof, perhaps.
Would you make a video on relationships please? How do you navigate through jealousy, greed, and scams?
Thank you, Ken.
Thank you, Ken, for clarification of my vision
This is the first video I’ve watched from you and I’m subscribing ! Hell of a video! Do you do mentorship ?
This is insane knowledge! 💎
Great guy & very well spoken.
Very nice video Title. This really got my attention. It's the first time I'm watching your video !
Maestro ken, gusto en saludarle.. espero que se encuentre muy bien! Siempre agradecido por toda la sabiduría que siempre comparte
Such a great video - first time I’ve seen you, great words 👍
Knowledge supports growth.
Great advice from Ken man really down to earth
ABSOLUTELY AMAZINGLY GREAT ADVICE 👍
Thank you for sharing. Right now, all the businesses that have started didn't work out. I'm not going to give up.
Lets goo!! An example that if you work very hard and smart you can achieve anything in this country.
Sitting on a beach does get boring...
I love it Ken.
Great video! I enjoyed hearing this perspective and very motivating!
I know you’re conservative guy, for you to show this, I love it much respect, and I always appreciate the knowledge you put out for everyone to improve their lives
Thanks Ken for this video and keeping us motivated. As an immigrant and 1st generation wealth builder, I believe in staying humble as one's wealth's increases and pass on the life lessons and experiences to my kids. I am still a work in progress and I know I will achieve my financial goal in the coming years.
Great video! Great explanation about the different generations!
Love Ken!
Priceless insight.
Outstanding Advice!
Love the title of this 💯
Thank you
Great video! I have always had a hard time understanding business and money, seems to be a combination of its too simple for me to believe and that the 'game' as a whole is opaque, convoluted from top to bottom. Videos like these are tremendously informative to me thank you!
Base $ = Principal $ either Inherited and Invested or Earned through RealEstate, Stocks, Bonds,precious metal Appreciation and the Capital gains after selling those assets. (That’s $ that Must be reinvested to earn the secondary $.)
The $ that’s secondary is the $ that can be used for expenses and living.
Excellent Topic Ken, Thanks.
Thank you . Well spent 13 min
Thank you boss 😊
Thank you Ken. For you advise
I truly true what you say
It’s so true, I didn’t went to that level, but I’m happy to be more than financially free, and to achieve this you need to be passionate about the money game. Everyone who look at us, and want to do the same, many of them are not prepared to do what’s required to achieve that goal. I have tried to guide so many…not a lot can do it…
This is a fantastic video.
Kenny, is a peoples man. He represents all of us. I have met him in person and he truly is a genuine good guy with impeccable work ethics.
This is good stuff. Experience talking.
I was one of those corporate people but I never went out and spunked money on new top end cars, first class flights for top end holidays and ridiculous supermexpensive “look at me” posy restaurants, I also inherited about a third of my my current wealth when my parents left this world. Result, I retired at 55 and live very comfortably and set my own agenda with an investment portfolio of just over $10mil. I still travel with the ordinary folk turning right on the passenger jet but stay in nice hotels, eat in nice restaurants and live in a beautiful house. I spend no more than half of my net passive income and the rest gets reinvested to grow my capital. The trade in life is money for time…. Save the money and you get more time. If I had $100mil I still wouldn’t buy a jet. Good video.
Kens a beast.....
Ken, I have been following you since you first got together with Robert Kiyosaki. I am free now thanks to you and Robert!! Can you do some videos on how you plan for your next 3-5 generations to retain and build on what you have accomplished? I just recently read “Die with zero” and that book may have flipped my paradigm…
Thanks 🙏
Amazing advice!!! Ive flown in over 10 private jets..different sizes.. and spent 30 to 40k a month a gucci, LV and other clothes store a month..it was all a waste.. but i did that because i never really had money and i went crazy trying to show people how now i had it.. but when the company dropped from making 3 million a month to 1 million.. my lifestyle i got use to had to change...but then i realized that one alot of the friends that were around before was because of the trips on thr mega yachts ... now im trying to get back.. but no lo ger care about the designer clothes or burning 50 to 60k tonfly to Miami and throw another 50k at strippers.. smh.. was a crazy time.. but just as fast as it came its gone and no one cares..just another person out there doing it. Anyway.. i love this video.. such amazing advice! True knowledge right there
Wow am just seeing this channel . Beautiful