@@TIB5 no it isn't. The first time I heard financial talk I didn't understand it. If he means that the cab driver is an immigrant, then he/she probably didn't. That's not racist.
E D Fernandez cringe, you talking about taxi drivers not knowing numbers hahaha! He makes more money than university graduates! And most of them educated but doesn’t wanna stuck in cubicle, working for peanuts! Most of them makes £40k to start with
Exactly! This is a huge reason why I became a minimalist and digital nomad, options and futures trader. Of course, I also like traveling full time. But, living a lifestyle that barely costs me $500 a month to survive, makes it extremely easy to build my risk capital reserves quickly and compound my returns exponentially. Plus, I have the added benefit of being able to conduct my investing at any location of my choosing. I have no employees, no customers, no inventory and most importantly, no boss. I cannot be fired, downsized or become obsolete.
That's awesome. Id really like to know how you're doing this. I have been seriously contemplating doing something similar as a trader, if you have any tips starting out it'd be greatly appreciated.
some countries r beautiful and u can live on very cheap... i dont find it hard to believe at all. in some countries u can live on $10 a day like a king.
Anton, a superb video. I live on a modest income and have over 7 years build my own infrastructure so far £500k in 7 years. I've literally done everything you said. It's not rocket science. I think the reason so few do this is cultural. It's seen as normal and expected that people just sign up to debt instruments, which hamper their ability to accumulate wealth.
Good for you, man! Do you do real estate or what? I just graduated but I have a ton of student loans. I'm hoping to have them paid off in 2 to 2.5 years. I've seen people I knew go out and buy new cars and all kinds of stuff when their income went up but I'd rather spend it on assets that are going to increase my net worth and produce cash flow. A lot of people's goals are to do things that are self destructive in the end like save to buy a brand new car. I try to make goals that will open up new opportunities like I want to get a rental property. Even if you have to start small, the most important thing is just to get started!
The wife and I have been living and trying to stick to this philosophy for years now, its so good to hear that Mr Kreil backs me up. It feels like the world has gone mad on credit but looks at us, as though we are the idiots. Look at the elite, they OWN property so the money just keeps coming.
When I started working 10 years ago I knew I didn't want to own apartment and that I wanted to grow capital to become free of labor. Today I have about $190k, rent: $400 and I save (invest) $2300 every month.
I think my girlfriend used to be an asset but now has become a liability which might lead to a going concern issue for me and lead to bankruptcy of my soul... I'm thinking of writing her off as a bad debt.
Turn her back to the dealer and finance a new one. That way at least people's heads will turn to acknowledge your success you've been financing with your credit card on lululemon and starbucks.
This short video actually gave me the 'click' in mind about what it really means by "building" your own "infrastructure". I was born in a really seriously poor environment & haven't had the chance to understand this from people around me / made me start way behind the starting line comparing with others. It took me decades to catch up with the middle class finally with all those "hardwork" / "leadership" roles etc. However, hearing this a few years before gave me that 'click' about using my assets/money/whatever I have to create my own "business"/"infrastructure"/money machine(s) that splits out cash flow for me. Viewing this "system" of cash flow generation in every part of my life really helped me took off way further & faster than I ever did in the past decades. 👍🏻
This video and the long-form version it's derived from are the most valuable contributions to RUclips that I've seen in 15 years. Wish I'd seen this when I was leaving school, but doing my best to make up for lost time.
This is exactly what I have done. 1. Limit your liabilities 2. Save as much money you can every month for 2-3 years. Go down to part-time job. 3. Start invest your money wisely 4. Start living life you want.
Johannes Terzis you see $20,000 for what it is, I see it as $75,000 over 10 years or what you can and should do with it over time if you're smart. Now I think you're right it's not anything to quitting your job over, people do tend to be extreme with these decisions
Ive built up my online business over a few years. I can choose 2 palm trees and a hammock as my bedroom. I could make more if I had a career/job in one place but this way I can rent great places for less than the cost of UK monthly council tax and if I get bored/pissed off I can just choose somewhere else. Adding portfolio management/trading through the PTM now and loving it.
What he is saying is actually common sense if one thinks about it. Unfortunately, corporations flood the media with advertisements designed to make people forget common sense and chase fast wealth. Wealth is hard to make. It Does take 20 years as Anton said. You need to save, build infrastructure (any business) and avoid taking liabilities as you do so (debt with interest). It is the classic way to become rich that in theory should always work. Then, it all depends on how smart, efficient and profitable your infrastructure is.
It shouldn’t, the system wouldn’t work if they teach that. This is a self discovery and to be able to get to this point, you have already worked in yourself. Life is about this, to discover and apply things.
Agree with most of it. But some people do prefer stability to freedom. The price of freedom is that you are in charge. Not a lot of people can handle that
@ 5:00 Holy crap! I can't believe we share the same idea about insurances! I just never had the right words to use to defend my idea why I'm not so convinced about insurances. I guess the whole smiles and good looking insurance agents make me skeptical. "The only real way to insure yourself against that is to actually just become wealthy. If you spend all that time knowing that that could be the case, it's lazy to go and pay for a premium/policy that may never actually pay out." So good. So freakin good.
This is essentially the 'FIRE' (or financial independence, retire early) approach to living. Increase your earning power and reduce spending. Eliminate debt. Easy on paper but hard to achieve for many people believe it or not. They always anchor themselves down to shit they don't need.
@@vixcentral “keeping up with the joneses” Taking on mortgage debt isn’t the problem. Taking on a mortgage you can barely afford is. You need to be able to make additional repayments on your mortgage to pay it off as quickly as possible.
These principles don't work for every walk of life. I've spoke to multiple traders and individuals who actually own exchanges. This is a subset of people who believe they always have to be liquid, they always have to own cash so they can front run and maximise the opportunities that are presented to them in life. Anton and individuals like him are in ingrained in this mindset not everyone is a trader and not everyone can be a trader. Debt can be beautiful thing just depends on the context. I am fan of ITPM.
7:56 - " _Being indifferent to making money and becoming wealthy. Rather, because you understand how the system works and you don't want to play in it. Rather, you wish to own it_ " One often wants more money. But when you try to resolve yourself to dedicated your whole life to making money, to work long and hard to be really good at it, one often hits a mental roadblock - "after a certain point, what's even the point?" The above statement though gives me a whole new perspective.
I would push back on the insurance bit. The amount you save on insurance premiums by "self insuring" can be multiple orders of magnitude less than it would cost to pay for an accident yourself. Insurance is basically a sophisticated way of splitting the costs of damaging events that are statistically unlikely to happen to any one individual within a certain category of risk. The one big caveat is health insurance, because those markets are heavily manipulated by governments to prevent insurance companies from properly splitting clients into their own distinct risk categories. So with health insurance in the US, you're not just paying the rate of people in your risk category but also contributing towards the risks of other people in higher risk categories, and this is just one of dozens of reason the premiums are highly inflated in health insurance markets. This kind of regulation was basically seen as a "compromise", but really if we're being honest it was just a way to get socialized medicine through the backdoor.
Having that boring life now is so that when you are making your money you don’t spend it on crap that don’t pay you, add value and just suck you dry, ie. liabilities. It is pretty clear that when it comes to financial free, it is all about what you do with the money once you have it rather than how much you are earning!! People feel powerless because they claim they cannot control the outcome of everything . I agree, however every individual can control 3 things: 1) What they focus on 2) How they interpret the situation 3) What they choose/decide to do about it!!!
Sure thing, debt is a killer literally because of the stress and no way out of the trap! Debt free and owning something that pays you a lasting income is the only way, such as property or land and learning to trade correctly, but is hard for most people to grasp because its an "I want it now" society and few have the patience and determination, but this is what we need to teach our kids as parents and show by example!
Damn this is literally what i am doing. 😯 the position im in now and im gettig ready to start trading next year with 2 businesses as my foundation. This will be my third but more of a passion.
Debt is a tool that can be used to grow your asset base. The key thing to understand when you take on any liability to buy an asset is that your equity is at risk first. The lender doesn’t lose a penny until you have lost all of yours. On the other hand, all of the upside is yours vs an equity investor who will get a share of your return.
It's 2021 and I am absolutely shocked at how many Americans do not work for passive income. If this pandemic didn't teach you anything, it should have taught you the absolute need to create multiple streams of passive income. There's no safety in trading time for dollars.
I bet he has insured himself for millions. Irony is, the wealthier you are the higher insurance you would take. The fact is insurance is not an investment, the purpose it serves is different than investment.
Affordable homes, homesteads, farms for sale in Adriatic South Italy with low property taxes of less than $100 USD a month. Work your online business in a cheap economical region.
He is spot on about the 3 infrastructures of pensions, insurance and debt markets but at the same time they make the world go round so it is kind of hard to shit on it but it is of course nice to have your infrastructure.
One does not "become wealthy" overnight....it makes sense to cover basic needs with insurance in most cases. Don't keep coverage forever, just until your assets can pay you/your family if you get knocked out
The old accounting equation states Assets = Capital + Liability. Creating wealth efficiently is a balancing act of adequately allocating capital to acquire assets, and taking on cheap debt when capital is scarce. Insurance is hedging against unpredictable circumstances. Yes, you might never use it, but if shit hits the fan and you are not prepared it might take you years to recover or never. Saving for the short to medium term makes sense but long-term saving is a liability if you take into account the time value of money.
Talk about relying on your children. I'm only 24 and already have to support my father's family, that makes it impossible for me to even dream of a life with no liabilities. Even though I make six figures per year.
I kinda disagree with the liability point. If you're going to take a loan to grow your buisness, then it's fine. As long as your assets are easily liquidifiable and the loans are very long term ones.
Agree. Margin in a trading account is great if used properly. Short term money. But one has to be a solid trader/disciplined and know how limit losses.
@@Borzacchinni Bank’s and private lenders will want your personal guarantee as a Director so the debt might as well be in your name. Limited recourse is ordinarily only available to companies with a strong trading history and balance sheet.
Thats silly to be honest. GO learn a high income skill. Use that income to generate income. Sell uojr services/ skills etc. Then invest in the stock market.
He's wrong on insurances. Even if you're wealthy, it still makes sense to insure. Wealthy people have the best life and health insurances money can buy.
00:54 - "what you've got to do, and it might sound obvious, and what you have to do is save and build your asset base..." He literally spells it out in the first 3 minutes of the video :)
Only if you expect to clear it as a result of your income before it expires. Otherwise you're just throwing money at it. I cleared what I had left only when I knew it would be reduced to 0 in the following 18 months
So you are literally just giving away money freely to insurance companies… it’s like someone literally created a company to get u to give them money for no reason but do a little of what they say they would do to seem legit
Taxi driver quit his job after the ride
He has his own car
😂😂
😂😂
😂😂😂
The camera guy quits, too.
Free Education for the Taxi driver.
i bet dat taxidriver didnt understood a single word......
@@jurajontko8563 thats racist XD
@@TIB5 no it isn't. The first time I heard financial talk I didn't understand it. If he means that the cab driver is an immigrant, then he/she probably didn't. That's not racist.
E D Fernandez cringe, you talking about taxi drivers not knowing numbers hahaha! He makes more money than university graduates! And most of them educated but doesn’t wanna stuck in cubicle, working for peanuts! Most of them makes £40k to start with
Plot twist, the taxi driver was elon musk
Exactly! This is a huge reason why I became a minimalist and digital nomad, options and futures trader. Of course, I also like traveling full time. But, living a lifestyle that barely costs me $500 a month to survive, makes it extremely easy to build my risk capital reserves quickly and compound my returns exponentially. Plus, I have the added benefit of being able to conduct my investing at any location of my choosing. I have no employees, no customers, no inventory and most importantly, no boss. I cannot be fired, downsized or become obsolete.
I actually tried the employees part and came face to face with the modern university graduate. Ill do without it
That's awesome. Id really like to know how you're doing this. I have been seriously contemplating doing something similar as a trader, if you have any tips starting out it'd be greatly appreciated.
Why not? Live in Thailand...
some countries r beautiful and u can live on very cheap... i dont find it hard to believe at all. in some countries u can live on $10 a day like a king.
M Ibrahim It would be very difficult to give tips. There are so many moving parts to a minimalist trader lifestyle.
Anton: "It takes 20 years to become an overnight success" - Me: "Sheeeeeeeeeeiiiiiiiiiiiiiiit!"
This is the productive part of youtube, im glad im here.
This is absoloute class. Been trying to explain this to my 51 year old dad for a few months.
Dont try to put it in your ancestors, put it into your future!
This is GOLD. Do more of these finance and investing videos please
Tbessix220 same here, but I am passing it onto my kids and do the best I can to turn the ship around :-)
Anton, a superb video. I live on a modest income and have over 7 years build my own infrastructure so far £500k in 7 years. I've literally done everything you said. It's not rocket science. I think the reason so few do this is cultural. It's seen as normal and expected that people just sign up to debt instruments, which hamper their ability to accumulate wealth.
my guy
Good for you, man! Do you do real estate or what? I just graduated but I have a ton of student loans. I'm hoping to have them paid off in 2 to 2.5 years. I've seen people I knew go out and buy new cars and all kinds of stuff when their income went up but I'd rather spend it on assets that are going to increase my net worth and produce cash flow. A lot of people's goals are to do things that are self destructive in the end like save to buy a brand new car. I try to make goals that will open up new opportunities like I want to get a rental property. Even if you have to start small, the most important thing is just to get started!
The wife and I have been living and trying to stick to this philosophy for years now, its so good to hear that Mr Kreil backs me up. It feels like the world has gone mad on credit but looks at us, as though we are the idiots. Look at the elite, they OWN property so the money just keeps coming.
This is the best anton kreil video I have watched so far...
When I started working 10 years ago I knew I didn't want to own apartment and that I wanted to grow capital to become free of labor. Today I have about $190k, rent: $400 and I save (invest) $2300 every month.
I think my girlfriend used to be an asset but now has become a liability which might lead to a going concern issue for me and lead to bankruptcy of my soul... I'm thinking of writing her off as a bad debt.
Nidulamak Nidulamak so how did this end up? Haha
Turn her back to the dealer and finance a new one. That way at least people's heads will turn to acknowledge your success you've been financing with your credit card on lululemon and starbucks.
@Peter Peter lmao cash covered puss.
Should have recognised the provision from day one.. be prudent...
lol
This short video actually gave me the 'click' in mind about what it really means by "building" your own "infrastructure". I was born in a really seriously poor environment & haven't had the chance to understand this from people around me / made me start way behind the starting line comparing with others. It took me decades to catch up with the middle class finally with all those "hardwork" / "leadership" roles etc. However, hearing this a few years before gave me that 'click' about using my assets/money/whatever I have to create my own "business"/"infrastructure"/money machine(s) that splits out cash flow for me. Viewing this "system" of cash flow generation in every part of my life really helped me took off way further & faster than I ever did in the past decades. 👍🏻
So much respect for Anton such a down to earth person
That's pure science Anton is dispensing! Gold! I hear it loud n clear!
This video and the long-form version it's derived from are the most valuable contributions to RUclips that I've seen in 15 years. Wish I'd seen this when I was leaving school, but doing my best to make up for lost time.
This is exactly what I have done.
1. Limit your liabilities
2. Save as much money you can every month for 2-3 years. Go down to part-time job.
3. Start invest your money wisely
4. Start living life you want.
Varis Svärd investing your money? Where? The money you saved in three years mean shit.. what do you do with 20.000 ?
@@unknowndriver6652 Lazy people see problems and stop.
Successful people see problems and find solutions.
Johannes Terzis you see $20,000 for what it is, I see it as $75,000 over 10 years or what you can and should do with it over time if you're smart. Now I think you're right it's not anything to quitting your job over, people do tend to be extreme with these decisions
This whole series is some of the best tape on investment advice ever.
Ive built up my online business over a few years. I can choose 2 palm trees and a hammock as my bedroom. I could make more if I had a career/job in one place but this way I can rent great places for less than the cost of UK monthly council tax and if I get bored/pissed off I can just choose somewhere else. Adding portfolio management/trading through the PTM now and loving it.
The part about building your asset base with limited/no liabilities for the purpose of generating passive income is superb advice.
This man speaks truth ...
What he is saying is actually common sense if one thinks about it. Unfortunately, corporations flood the media with advertisements designed to make people forget common sense and chase fast wealth. Wealth is hard to make. It Does take 20 years as Anton said. You need to save, build infrastructure (any business) and avoid taking liabilities as you do so (debt with interest). It is the classic way to become rich that in theory should always work. Then, it all depends on how smart, efficient and profitable your infrastructure is.
Damn I thought this would be a bricklaying tutorial
Great...our education system should teach these applied finance maxims from childhood to make self dependent nation..
It shouldn’t, the system wouldn’t work if they teach that. This is a self discovery and to be able to get to this point, you have already worked in yourself. Life is about this, to discover and apply things.
Agree with most of it. But some people do prefer stability to freedom. The price of freedom is that you are in charge. Not a lot of people can handle that
That’s one massive piece of advice. I thank you for that.
Thanks, great content. Building my infrastructure and asset base currently 24💰
@ 5:00 Holy crap! I can't believe we share the same idea about insurances! I just never had the right words to use to defend my idea why I'm not so convinced about insurances. I guess the whole smiles and good looking insurance agents make me skeptical.
"The only real way to insure yourself against that is to actually just become wealthy. If you spend all that time knowing that that could be the case, it's lazy to go and pay for a premium/policy that may never actually pay out."
So good. So freakin good.
This is essentially the 'FIRE' (or financial independence, retire early) approach to living. Increase your earning power and reduce spending. Eliminate debt.
Easy on paper but hard to achieve for many people believe it or not. They always anchor themselves down to shit they don't need.
@@vixcentral “keeping up with the joneses”
Taking on mortgage debt isn’t the problem. Taking on a mortgage you can barely afford is. You need to be able to make additional repayments on your mortgage to pay it off as quickly as possible.
But in the meantime you get wealthy, insurances can be an instrument not to go into bankruptcy again.
That taxi driver is probably a millionaire now after hearing this
Thank you miss these kind of videos
That's actually a good start. Try to avoid most people are doing: buying things that becomes personal liablities.
That cabbie got some valuable information for free and probarly did not know it.
These principles don't work for every walk of life. I've spoke to multiple traders and individuals who actually own exchanges. This is a subset of people who believe they always have to be liquid, they always have to own cash so they can front run and maximise the opportunities that are presented to them in life. Anton and individuals like him are in ingrained in this mindset not everyone is a trader and not everyone can be a trader. Debt can be beautiful thing just depends on the context. I am fan of ITPM.
7:56 - " _Being indifferent to making money and becoming wealthy. Rather, because you understand how the system works and you don't want to play in it. Rather, you wish to own it_ "
One often wants more money. But when you try to resolve yourself to dedicated your whole life to making money, to work long and hard to be really good at it, one often hits a mental roadblock - "after a certain point, what's even the point?"
The above statement though gives me a whole new perspective.
Here I thought I was doing everything right getting a 100k a year job, a house, medical care only for Anton to make me feel like a tool
Keep pushing us thanks.
Anton Kriel best of the best.
I love this gent👊🏾He speaks truth and truth only
good video still applies to this day everyone should listen to this.
I would push back on the insurance bit. The amount you save on insurance premiums by "self insuring" can be multiple orders of magnitude less than it would cost to pay for an accident yourself. Insurance is basically a sophisticated way of splitting the costs of damaging events that are statistically unlikely to happen to any one individual within a certain category of risk. The one big caveat is health insurance, because those markets are heavily manipulated by governments to prevent insurance companies from properly splitting clients into their own distinct risk categories. So with health insurance in the US, you're not just paying the rate of people in your risk category but also contributing towards the risks of other people in higher risk categories, and this is just one of dozens of reason the premiums are highly inflated in health insurance markets. This kind of regulation was basically seen as a "compromise", but really if we're being honest it was just a way to get socialized medicine through the backdoor.
Sounds like Dave Ramsey ‘s philosophy...thanks for posting this , you want what others have ,, then do what they do,24/7
The applications for financing and credit you endorse and sign is also assets. Something to seriously reflect upon.
Having that boring life now is so that when you are making your money you don’t spend it on crap that don’t pay you, add value and just suck you dry, ie. liabilities.
It is pretty clear that when it comes to financial free, it is all about what you do with the money once you have it rather than how much you are earning!!
People feel powerless because they claim they cannot control the outcome of everything . I agree, however every individual can control 3 things: 1) What they focus on 2) How they interpret the situation 3) What they choose/decide to do about it!!!
Sure thing, debt is a killer literally because of the stress and no way out of the trap! Debt free and owning something that pays you a lasting income is the only way, such as property or land and learning to trade correctly, but is hard for most people to grasp because its an "I want it now" society and few have the patience and determination, but this is what we need to teach our kids as parents and show by example!
Damn this is literally what i am doing. 😯 the position im in now and im gettig ready to start trading next year with 2 businesses as my foundation. This will be my third but more of a passion.
hows your trading going so far? or just beginning?
7:06-7:33 is my favorite part. Debt is horrible!
True speaker with no greed
I would take a 50% pay cut for this guy to be my direct manager
Debt is a tool that can be used to grow your asset base. The key thing to understand when you take on any liability to buy an asset is that your equity is at risk first. The lender doesn’t lose a penny until you have lost all of yours. On the other hand, all of the upside is yours vs an equity investor who will get a share of your return.
I believe i will meet this guy in person one day... And I am gonna definitly achieve it..
I have the same feeling.
Thank you it’s literally must-be-learnt in school!
Thank you
Holy cow Thank You!
New fan of Anton. A rear bird 🐦
Pure MJ DeMarco & GC (Uncle G) 💖
This is the real New Age!
It's 2021 and I am absolutely shocked at how many Americans do not work for passive income. If this pandemic didn't teach you anything, it should have taught you the absolute need to create multiple streams of passive income. There's no safety in trading time for dollars.
Music to my ears.
I bet he has insured himself for millions. Irony is, the wealthier you are the higher insurance you would take.
The fact is insurance is not an investment, the purpose it serves is different than investment.
To anyone listening, go out and build your own infrastructure. It’s just that easy
Affordable homes, homesteads, farms for sale in Adriatic South Italy with low property taxes of less than $100 USD a month. Work your online business in a cheap economical region.
He is spot on about the 3 infrastructures of pensions, insurance and debt markets but at the same time they make the world go round so it is kind of hard to shit on it but it is of course nice to have your infrastructure.
Pure gold.
Be your own insurer. 🤘
Fascinating talk, thanks Anton
What a lucky cab driver
Systems and habits
any other good content youtube channels?
One does not "become wealthy" overnight....it makes sense to cover basic needs with insurance in most cases. Don't keep coverage forever, just until your assets can pay you/your family if you get knocked out
The old accounting equation states Assets = Capital + Liability. Creating wealth efficiently is a balancing act of adequately allocating capital to acquire assets, and taking on cheap debt when capital is scarce. Insurance is hedging against unpredictable circumstances. Yes, you might never use it, but if shit hits the fan and you are not prepared it might take you years to recover or never. Saving for the short to medium term makes sense but long-term saving is a liability if you take into account the time value of money.
Amazing advice, thank you!
This is what I am working on
This is so good!
Absolute hero!! 👐
Talk about relying on your children. I'm only 24 and already have to support my father's family, that makes it impossible for me to even dream of a life with no liabilities. Even though I make six figures per year.
You can always decide for yourself, boy
I was in your situation. Get out, as early as you can. Everything is responsible for themselves.
Don’t give them a dime their not your responsibility 😊
You don’t have to do anything
What about using credit to acquire assets, such as rental properties? In this case, good credit is also an asset, no?
Yes
I kinda disagree with the liability point. If you're going to take a loan to grow your buisness, then it's fine. As long as your assets are easily liquidifiable and the loans are very long term ones.
he explains in another video (rent to own) that if you own a llc, you can take on debt as for the company.
Agree. Margin in a trading account is great if used properly. Short term money. But one has to be a solid trader/disciplined and know how limit losses.
@@Borzacchinni Bank’s and private lenders will want your personal guarantee as a Director so the debt might as well be in your name. Limited recourse is ordinarily only available to companies with a strong trading history and balance sheet.
I am hourly worker. Instead of having a medical insurance, i started to invest 350$ a month into stock market
My friends told me that i am crazy.
Don’t listen to them. You’re a G bro
How it s going ?
@@jameljeanjacques8511 , i was keep investing through whole year and made 50% profits on S&P500. Thanks to covid and market drop
Thats silly to be honest. GO learn a high income skill. Use that income to generate income. Sell uojr services/ skills etc. Then invest in the stock market.
@@alaminm182 i am making 150k a year as a software engineer and investing on biweekly basis. I dont agree with you that it's silly
Ok, this video told what not to do... now, what should I do
The best tip the taxi driver could get
Great logical advice
Holly True!
Hey there... I wanna join your Mentor program but cant access your web... it shows Access Denied...
Teach this to children in schools
And watch the system collapse. 😆 The Matrix must be preserved!
Thanks.
The driver got so motivated that he quickly floored the accelerator.
He's wrong on insurances. Even if you're wealthy, it still makes sense to insure. Wealthy people have the best life and health insurances money can buy.
The wealthy own the insurance companies. If they didn't they'd not invest in their plans!
Let's build and own our fuckin' infrastructure !!
The credit system especially in the US, idk if it's the same in other countries, but feels like a video game in real life
im half way through building my infrasturue about 6 months away its been fucking mental
ok then tell us how to start building the infrastructure
00:54 - "what you've got to do, and it might sound obvious, and what you have to do is save and build your asset base..." He literally spells it out in the first 3 minutes of the video :)
Stop smoking, sell your car, stop taking credits, buy only with cash, safe 500-1000$ a month for 2-3 years, start invest small in stocks or FX. Done!
Start saving and growth investing
Free way of reducing risk: wear your seatbelt ;-)
what are you doing in america
Is Anton suggesting investing the money you would ordinarily use for insurance, so that YOU pay the medical bills or car repair when required?
I tried being my own boss but my own boss could not pay me and hence I am working under another boss.
Should I clear my UK student debt if I have the means?
Only if you expect to clear it as a result of your income before it expires. Otherwise you're just throwing money at it. I cleared what I had left only when I knew it would be reduced to 0 in the following 18 months
8:35 GOLD
Even it means sleep in a shelter for 4 months
the taxi driver terminated all his insurance policies after the ride
So you are literally just giving away money freely to insurance companies… it’s like someone literally created a company to get u to give them money for no reason but do a little of what they say they would do to seem legit
Then the jolly old Fed Reserve comes in, QE4 to infinity + soon to be negative rates and destroys the value of everything you saved lol.