I paid off mine two years ago. My wife and child want to build a new one. I have land that I want to build rental properties but they won't stop asking..
I retired in 2008 and never work a day since. I paid off my home in 2017 and love it. I live a simple life below my means. Life is good and it took a lot of discipline to get where I’m at in life.
Just got a new gig & I’ll be making more money than what I paid for my house. My goal is to have it paid off in 3 years. I’ve been giving it a lot of thought & this video confirmed it for me. My end goal is to pay it off & eventually buy another house cash.
I'm all for buying a home and investing early!!! I have a friend who is 50 and he just purchased a 500k house with his girlfriend. He doesn't even make over 100k a year nor does he heavily invest in his pension!! His monthly mortgage payment is insane (for 30 years), and not including HOA fees!! I was like he will be working til he is 100!!
A lot of people never look at their LOAN AMORTIZATION and look at how much they are REALLY paying for their house if they only make the monthly payments over the life of the loan……they only focus on the SHOW OFF effect…..
1:36 - Facts! I never understand why people actually purchase homes at the top of their approval amount. Everything has to go perfectly financially for atleast 30 years. Have room in your budget for maintenance and unexpected expenses. People don't then end up using the equity to pay for things instead of saving up the cash, putting the purchase on a rewards credit card and paying that off before the bill comes due.
Thanks Anton been watching from the clouds. Great info again. DEBT IS THE ENEMY OF WEALTH. Sacrificed for 18months bought a house cash, been living great every since.
I was just telling me this 20 mins ago. This guy comes driving through the neighborhood leaned back passing in the middle of the road like he was the first person ever to drive a Mercedes. I thought to myself Black people love to buy expensive cars and have NOTHING else. Broke A.S. driving a lux car. Smh. Sad.
@10:53 THIS! When we bought our 1400 square foot house we did so knowing our monthly PITI is 17% of our GROSS salary. Yes. SEVENTEEN, not 45%. We live in the side of town that is not flashy- we have friends who went for the whole “ look at my 3000 sq ft house” HOA fees and all. Wondering why it’s so hard to make ends meet. And this is in TEXAS , where the pressure to get that BIG house is immense.
I just retired from the military almost 3 years ago. I agree with a lot of what you are saying, but you mentioned stay away from HOAs. Depending on where you live, it was hard trying to find a nice place to live without an HOA. Some people have no choice but to move to a HOA community due to better quality of life, better school districts, etc. I hate HOAs, but in my situation, all the better communities where I live had HOAs. And the not so nice areas with terrible school districts had no HOAs. Luckily, in a few weeks I’m going to invest in buying property in the Philippines since my daughter and wife were born there. A lot cheaper and I can put the land in my daughter name and be on the title. Dont plan on staying in the US in the future, everything is overpriced and we are being ripped off when it comes to everything! Just planning early. I refuse to work past 50 and be stuck in a 30 year mortgage! Im in the process of trying to payoff my mortgage early in the US. Love your content and keep up the good work!
Hi - I’m from UK and came across your content recently . I’ve ingested a lot of financial content in recent years from various creators as I’m really into it. I have to say I love your content and the straight talking style you deliver it in. Useful and factual content and information that anyone can use to improve their situation in life. Debt is definitely the enemy of wealth!
If your parents taught you financial responsibility, be grateful, a lot of people didn't have finacially literate parents, hence messing up with credit over over again. Hence, living above personal means. If youre stuck right now, dont give up, it may take years to fix your mistakes, but eventually, with a lot of hard work and sacrifice, you can get back on track. I truly feel Financial Literacy courses should be mandatory in high school for all 4 years. Start with budgeting as a freshman, and by the time 12th grade comes investing and taxes and debt to credit ratios. We need these kids to have the education most of us didn't get back in the day. Teach your child life lessons at home because the schools are not going to do it. Give your child a leg up going into adulthood by knowing what financial responsibility looks like. End rant, if you've made it this far, thanks for hanging in 😊
I tried to teach my grown kids this but they won’t listen plus the mother makes them not believe in what I saying I sit and watch them make other people rich
I tried to teach my grown kids this but they won’t listen plus the mother makes them not believe in what I saying I sit and watch them make other people rich
I tried to teach my grown kids this but they won’t listen plus the mother makes them not believe in what I saying I sit and watch them make other people rich
I tried to teach my grown kids this but they won’t listen plus the mother makes them not believe in what I saying I sit and watch them make other people rich
invest and pay off your home. look at maricopa county in arizona. 80% seniors are homeless boomers are so funny....they proudly say I MADE ALL MY MORTGAGE PAYMENTS.....Lmaoooo all 360? ok.
I wouldn’t say whatever happens you have a roof because if you lose your job,do not have emergency funds, and in result can’t pay your property taxes, they can still take your home!
You are spot on... Even if you are able to write the interest off, you will never get a real substantial return. Why give it away ? Keeping all of your money, is the ticket.
Pay it off and the rest of your life has much LOWER OVERHEAD, LESS RISK (if the economy tanks, you can survive if you pay property tax and if you chose wisely have room to garden, have a shop etc), and a lot more freedom than any renter. My peers bought shiny toys. I paid off my home then built my workshop and have many more toys with very low overhead and no debt. People tend to badly over-rate their investment skills because they think like degenerate gamblers. Remember Vegas was built by losers because the house always wins. Become a DIY monster. Anyone can. Do that instead of whatever unproductive entertainment you normally do. I don't need mechanics, plumbers, electricians, roofers, computer repair shops etc. Learning is fun, makes you more employable and you get to keep the tools and equipment for life.
So true my brother, I had a home that I had 7 years left on a 15 year load, I sold it last year during the FOMO, made an awesome profit less the balance and turned around a bought my current home in cash$$$. I feel like this.."A rich man is a man with $0 debt". Feeling rich
Excellent subject matter sir.. adopting the delayed gratification philosophy has been a major blessing in my life. I wish I would have adopted it sooner and I'd tell any person, especially a man the same thing
no consumer debt yes but a business uses leverage differently. If I can borrow at 5% to invest in a project that has a long term IRR of 10% I am ahead, that is business 101. There is an optimal mix of debt and equity in the business world.
STAY IN YOUR LANE! Take that how you want. Some will understand it and some won’t. If you think of it negatively then trust me the message wasn’t for you!
The rental game is different because you actually grow faster with borrowed money. It's become popular to run a BRRRR against a property and keep the processes rolling with refi debt. That's where this mindset it coming from. It's basically a blend between flipping and traditional approach for financing rentals. Portfolio lenders are usually the ones doing the financing
I’m living with my dad no for free moving with patience strategy and experience am 29 and really ahead of my time with this info focusing on wealth building . Thanks !
If people look at Disclosure statements & see how much $ they are paying from 1st payment to 30 yrs later. Bank payments front load payments to get all their $ up front. Your principal is getting nickels 1st 20 years.
Facts don’t let them fancy cars and luxury clothing fool you. They be hundreds of thousands in debt from school, credit, cars, loans etc. it’s the illusion that black people chase thinking they are doing good because they “look” good. That’s why I never determine someone’s money by their appearance but sadly most do.
@@AccentBwoy that mean you will pay taxes on the money when you retire. If you put money in a 401k now, you're investing pre-tax dollars. So, it will grow tax free until you retire. Then you will pay taxes on what you withdraw
This is a great video. I hope people watch this a few times to really understand what your saying. I wish I could tell the younger me to save more and invest. I hope young people can save just a little more, it pays off in the future
I agree, it never made sense to me to pay double for the product because of the interest you are paying. These companies are making a killing just from the interest alone. If you look at your mortgage depending on your rate and look at the interest verses principal it’s mind blowing. If you got a good interest rate then kudos but many of the times you are overly paying almost 3 times of interest verses you principal. It doesn’t make sense and it’s robbery. I definitely agree with everything that Anton is saying concerning this topic.
That’s my aim now, paying off this mortgage, I know what it feels like to lose a home in 2006! I be dog on….. I am looking to pay off this mortgage! Because I know it will be a lift!
Hmmm…..what you’re telling us is that your mortgage is about $10K/month. That means your income is in the $400K/yr range which means you should be able to put extra money towards your mortgage to pay it off earlier This is all assuming you didn’t get the his and hers Mercedes GLS 450/ E Class sedan to match the house. That’s assuming you aren’t sending your kids to the $40K/yr private school down the street. 😊
Wealthy people buy a house that a small percentage of there networth because they know a home is not a asset. The middle class and poor will buy a house that's over 40% of there income and think it is a asset. Good books to read are Rich dad poor dad and the millionaire next door.
@@Roccofan your defenition is correct. On paper its an asset but you pay every month to own it. You can only realize a gain when you sell it. That's why I said weathey spend a small portion of there net worth on a home. I have rentals and the renter pays the mortgage, taxes and insurance and I still cash flow every month. You have to think like the weathy to become wealthy. Living by the defenition of a broke professor that doesn't own a business will keep you broke.
@@mark1778 You have to think like a sensible person to become wealthy. You can’t think and move like the wealthy until you have access to the resources of the wealthy. Becoming wealthy is a process that requires discipline, consistency and wise decision making for the long term. Simply saying, “What would Puffy do?” Won’t move the needle.
That’s crazy, you went broke in 2008 and I love everything in 2006 and it took 2007 for me to get back on my feet. However I wish I would have made smarter decisions them as far a investing instead of just trying to get back on my feet. That survival mode aspect.
Great content and as you say . . . . . . . . it depends on what you are wanting to achieve, I am a normal working person and I leveraged on my property portfolio at 85% LTV over 8 years ago and it has paid off and now allows me to have a good income now
Facts!! In order to win with money you have to stay away from debt by living within your means, and "consistently" invest in your future. "A good person leaves an inheritance for their children's children - Proverbs 13:22"
I live frugally to pay my house, when I finished paying for it, my assets gone through the roof because I still live frugally as if I'm still paying my house.
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Well looks like you answered your own question. If you got a business you still responsible for paying taxes too so yes you can leverage loans because those interest goes into your expenses reducing your tax liability. But it got to make sense that I understand
Glad Anton made the distinction of real estate investors using leverage as a means to grow a business/portfolio. And the tax benefits are 100% a source of income as well.
It’s not hard to beat a mortgage rate if you invest in the s&p500 via an index fund. Especially when rates were 3%. You can literally put the money in and not research anything. The a&p has averaged a 10-11% return since it’s inception.
What if you have money for the rest of your life and you never have to worry about the income coming in is it OK to have the mortgage for 30 years to have the car payments on two cars and that type of stuff
And Anton u keep saying we can’t keep comparing ourselves to billionaires most of us can’t compare ourselves to millionaires either most people can’t afford to buy a house out right, u think most people have 100-250k to buy a house? U would have to have a net worth over a million and that’s less than 5 percent of the population
I’ll take the way up I took, it wouldn’t make sense to try and save up for a house…meanwhile rent is going 30k a year as my low average (California) I’d rather have that in equity. It wouldn’t make sense to try and wait SO LONG to save and attempt to, etc…just no. You have to get in the Game.
i agree the sooner you get in the game the sooner you can pay that house down ad build equity and start to balance out. you can be investing simultaneously idk where this nigga think all this money coming from@@thetraveler1182
Black people love profiling! Less work and all reward - i believe in the work! All the money i have jts always about the work - thats the respect to curate towards our relationship w money
Most people can’t afford to buy there home out right and people hate spending most there money, u gotta have money money to buy houses out right vs putting a small amount down and using your other money for other things. It’s kinda simple if i got let’s say 1 million dollars am I going to spend 100-200k on a house which is 10 percent or 20 percent of my income or put down 15-20k which is less than 5 percent of my income?
Debt isn’t the enemy of wealth, it’s the opposite and it’s used to fight inflation. Keeping a mortgage in place long term is considered good debt, good debt is used to build wealth.. Putting 5% down on a $500k house, means you control a half a million dollar asset with only $25k outta pocket and you get all the tax benefits. I’d never disagree if someone is preaching to payoff your mortgage it’s a specific type of freedom but “wealth” shouldn’t be in the same conversation. Using “OTHER PEOPLE’S MONEY” is a principle of wealth building. If you are leveraging the banks money to generate cash.. why would does it matter if the banks eats? EVERYBODY EATS B…
I have a friend who can't stomach the word mortgage. His cousin lost her house after 25 yrs of payments. Pay it off as fast as you can. You don't know if you'll lose your job and not be able to find another one for years. That has happened before. Think 2008.
You are spot on... Even if you are able to write the interest off, you will never get a real substantial return. Why give it away ? Keeping all of your money, is the ticket.
The wife and I paid off our house in 2021. One of the best decisions we made!
I've heard someone saying that having a paid off house never gets old.
Us too it feels damn good! 💪
I paid off mine two years ago. My wife and child want to build a new one. I have land that I want to build rental properties but they won't stop asking..
But but but what about the "costs of owning" a home?(sarcasm)
You call your wife " THE wife"? Omg..like the dog..the car..?
I retired in 2008 and never work a day since. I paid off my home in 2017 and love it. I live a simple life below my means. Life is good and it took a lot of discipline to get where I’m at in life.
Just got a new gig & I’ll be making more money than what I paid for my house. My goal is to have it paid off in 3 years. I’ve been giving it a lot of thought & this video confirmed it for me.
My end goal is to pay it off & eventually buy another house cash.
"No one wants to live by what they truly can afford"
Facts!!!
Truth!!
Exactly
💯
yolo lmao
I'm all for buying a home and investing early!!! I have a friend who is 50 and he just purchased a 500k house with his girlfriend. He doesn't even make over 100k a year nor does he heavily invest in his pension!! His monthly mortgage payment is insane (for 30 years), and not including HOA fees!! I was like he will be working til he is 100!!
1st mistake buying a home 🏠 with someone who’s not your wife lol 🐑🐑🐑🐑
So happy you said “pay off your home”. I paid cash for my house back in 2015 and it was hands down the best decisions I made. I agree w/this 1000%
A lot of people never look at their LOAN AMORTIZATION and look at how much they are REALLY paying for their house if they only make the monthly payments over the life of the loan……they only focus on the SHOW OFF effect…..
Amen 🙏 Say that loud 🗣️ for the congregation ⛪ at the back.
Yeah anyone talked about that in the other vid. Like how your mortgage might be 400k, and end up paying 700k total 😬
Bruh!! That’s 100 percent facts.
i had to break that down to one of my BOOMERS who said i dont know what IM talking about. then i whispered....im almost done
1:36 - Facts! I never understand why people actually purchase homes at the top of their approval amount. Everything has to go perfectly financially for atleast 30 years. Have room in your budget for maintenance and unexpected expenses. People don't then end up using the equity to pay for things instead of saving up the cash, putting the purchase on a rewards credit card and paying that off before the bill comes due.
Finessed by their realtor.
Thanks Anton been watching from the clouds. Great info again. DEBT IS THE ENEMY OF WEALTH. Sacrificed for 18months bought a house cash, been living great every since.
I was just telling me this 20 mins ago. This guy comes driving through the neighborhood leaned back passing in the middle of the road like he was the first person ever to drive a Mercedes. I thought to myself Black people love to buy expensive cars and have NOTHING else. Broke A.S. driving a lux car. Smh. Sad.
😂😂
I don’t even try to explain this people anymore. Keep pushing sir.
@10:53 THIS! When we bought our 1400 square foot house we did so knowing our monthly PITI is 17% of our GROSS salary. Yes. SEVENTEEN, not 45%. We live in the side of town that is not flashy- we have friends who went for the whole “ look at my 3000 sq ft house” HOA fees and all. Wondering why it’s so hard to make ends meet. And this is in TEXAS , where the pressure to get that BIG house is immense.
Agreed. The bi-weekly payment method is a Great strategy to pay your home off faster.
I just retired from the military almost 3 years ago. I agree with a lot of what you are saying, but you mentioned stay away from HOAs. Depending on where you live, it was hard trying to find a nice place to live without an HOA. Some people have no choice but to move to a HOA community due to better quality of life, better school districts, etc. I hate HOAs, but in my situation, all the better communities where I live had HOAs. And the not so nice areas with terrible school districts had no HOAs. Luckily, in a few weeks I’m going to invest in buying property in the Philippines since my daughter and wife were born there. A lot cheaper and I can put the land in my daughter name and be on the title. Dont plan on staying in the US in the future, everything is overpriced and we are being ripped off when it comes to everything! Just planning early. I refuse to work past 50 and be stuck in a 30 year mortgage! Im in the process of trying to payoff my mortgage early in the US. Love your content and keep up the good work!
You "just" retired from the military almost 3 years ago?
Hi - I’m from UK and came across your content recently . I’ve ingested a lot of financial content in recent years from various creators as I’m really into it. I have to say I love your content and the straight talking style you deliver it in. Useful and factual content and information that anyone can use to improve their situation in life. Debt is definitely the enemy of wealth!
If your parents taught you financial responsibility, be grateful, a lot of people didn't have finacially literate parents, hence messing up with credit over over again.
Hence, living above personal means.
If youre stuck right now, dont give up, it may take years to fix your mistakes, but eventually, with a lot of hard work and sacrifice, you can get back on track.
I truly feel Financial Literacy courses should be mandatory in high school for all 4 years.
Start with budgeting as a freshman, and by the time 12th grade comes investing and taxes and debt to credit ratios.
We need these kids to have the education most of us didn't get back in the day.
Teach your child life lessons at home because the schools are not going to do it. Give your child a leg up going into adulthood by knowing what financial responsibility looks like.
End rant, if you've made it this far, thanks for hanging in 😊
I tried to teach my grown kids this but they won’t listen plus the mother makes them not believe in what I saying I sit and watch them make other people rich
I tried to teach my grown kids this but they won’t listen plus the mother makes them not believe in what I saying I sit and watch them make other people rich
I tried to teach my grown kids this but they won’t listen plus the mother makes them not believe in what I saying I sit and watch them make other people rich
I tried to teach my grown kids this but they won’t listen plus the mother makes them not believe in what I saying I sit and watch them make other people rich
Your perspective is golden. It’s a different angle and much needed!
invest and pay off your home. look at maricopa county in arizona. 80% seniors are homeless
boomers are so funny....they proudly say I MADE ALL MY MORTGAGE PAYMENTS.....Lmaoooo all 360? ok.
I wouldn’t say whatever happens you have a roof because if you lose your job,do not have emergency funds, and in result can’t pay your property taxes, they can still take your home!
Yes we do love debt and will dig ourselves in a hole like it’s nothing. Some people look like they have it but don’t.
Paid off our home in 13 years. I don't miss making those payments.
You are spot on... Even if you are able to write the interest off, you will never get a real substantial return. Why give it away ? Keeping all of your money, is the ticket.
Pay it off and the rest of your life has much LOWER OVERHEAD, LESS RISK (if the economy tanks, you can survive if you pay property tax and if you chose wisely have room to garden, have a shop etc), and a lot more freedom than any renter. My peers bought shiny toys. I paid off my home then built my workshop and have many more toys with very low overhead and no debt.
People tend to badly over-rate their investment skills because they think like degenerate gamblers. Remember Vegas was built by losers because the house always wins.
Become a DIY monster. Anyone can. Do that instead of whatever unproductive entertainment you normally do. I don't need mechanics, plumbers, electricians, roofers, computer repair shops etc.
Learning is fun, makes you more employable and you get to keep the tools and equipment for life.
PREACH!!! Debit is the devil it comes to steal,kill, and destroy.
So true my brother, I had a home that I had 7 years left on a 15 year load, I sold it last year during the FOMO, made an awesome profit less the balance and turned around a bought my current home in cash$$$. I feel like this.."A rich man is a man with $0 debt". Feeling rich
Excellent subject matter sir.. adopting the delayed gratification philosophy has been a major blessing in my life. I wish I would have adopted it sooner and I'd tell any person, especially a man the same thing
It feels good even paying off a credit card. I can only imagine what paying off a mortgage feels like. But, I’ll get there!!
no consumer debt yes but a business uses leverage differently. If I can borrow at 5% to invest in a project that has a long term IRR of 10% I am ahead, that is business 101. There is an optimal mix of debt and equity in the business world.
STAY IN YOUR LANE! Take that how you want. Some will understand it and some won’t. If you think of it negatively then trust me the message wasn’t for you!
I’m a Real Estate Agent in California. I always tell people to buy a home and focus on paying off your home early.
I detect no lies told! Great breakdown and you can tell you are passionate about what you are saying! Keep telling the truth!
The rental game is different because you actually grow faster with borrowed money. It's become popular to run a BRRRR against a property and keep the processes rolling with refi debt. That's where this mindset it coming from. It's basically a blend between flipping and traditional approach for financing rentals. Portfolio lenders are usually the ones doing the financing
I’m living with my dad no for free moving with patience strategy and experience am 29 and really ahead of my time with this info focusing on wealth building . Thanks !
Love these types of talks. No to debt.
If people look at Disclosure statements & see how much $ they are paying from 1st payment to 30 yrs later.
Bank payments front load payments to get all their $ up front. Your principal is getting nickels 1st 20 years.
Not just blacks in debt, whyte women folk love credit card debt too, I see whytes filling up SUV gas tanks with credit cards at $125 a pop.
Facts don’t let them fancy cars and luxury clothing fool you. They be hundreds of thousands in debt from school, credit, cars, loans etc. it’s the illusion that black people chase thinking they are doing good because they “look” good.
That’s why I never determine someone’s money by their appearance but sadly most do.
That big silver Suburban is thirsty.
Who fills up with a debit card at a gas station?
women in general have more debt then men do
CASH REWARDS, is why you see them using CCs to fill up. 😮 you didn't know??
Short Version: Debt is dumb.
Most peple can't afford to do a house on their own aka 15 year fixed rate no more than a quarter of your net monthly income. Average house: $300K.
I’ve learned most people don’t want to hear this.
LIVE WELL BELOW YOUR MEANS...........................................................................
401k is NOT tax free. It's tax DEFERRED. There is a big difference.
Wat u mean
@@AccentBwoy that mean you will pay taxes on the money when you retire. If you put money in a 401k now, you're investing pre-tax dollars. So, it will grow tax free until you retire. Then you will pay taxes on what you withdraw
Anton you truly are a blessing from Father God! Thank you so much for sharing your gifts and wisdom with the world.
THANK YOU for saying this!
This is a great video. I hope people watch this a few times to really understand what your saying. I wish I could tell the younger me to save more and invest. I hope young people can save just a little more, it pays off in the future
I agree, it never made sense to me to pay double for the product because of the interest you are paying. These companies are making a killing just from the interest alone. If you look at your mortgage depending on your rate and look at the interest verses principal it’s mind blowing. If you got a good interest rate then kudos but many of the times you are overly paying almost 3 times of interest verses you principal. It doesn’t make sense and it’s robbery. I definitely agree with everything that Anton is saying concerning this topic.
That’s my aim now, paying off this mortgage, I know what it feels like to lose a home in 2006! I be dog on….. I am looking to pay off this mortgage! Because I know it will be a lift!
Agreed. Best feeling in the world when i paid of my mortgage. No regrets what so ever.
2.25% mortgage rate, but I have a 25.8% return in my portfolio this year. My rate is so low its easy to beat the interest rate in the market.
Facts 💯. Got a new sub bro. Keep telling the truth.
Buy what you can afford!!
Be responsible with your finances!!
I live in a HCOL area where homes are 1.4 million. There is no way to do this without multiple streams of high income
Hmmm…..what you’re telling us is that your mortgage is about $10K/month. That means your income is in the $400K/yr range which means you should be able to put extra money towards your mortgage to pay it off earlier This is all assuming you didn’t get the his and hers Mercedes GLS 450/ E Class sedan to match the house. That’s assuming you aren’t sending your kids to the $40K/yr private school down the street. 😊
Wealthy people buy a house that a small percentage of there networth because they know a home is not a asset. The middle class and poor will buy a house that's over 40% of there income and think it is a asset. Good books to read are Rich dad poor dad and the millionaire next door.
@@mark1778 Historically, houses appreciate in value. That’s the very definition of an asset.
@@Roccofan your defenition is correct. On paper its an asset but you pay every month to own it. You can only realize a gain when you sell it. That's why I said weathey spend a small portion of there net worth on a home. I have rentals and the renter pays the mortgage, taxes and insurance and I still cash flow every month. You have to think like the weathy to become wealthy. Living by the defenition of a broke professor that doesn't own a business will keep you broke.
@@mark1778 You have to think like a sensible person to become wealthy. You can’t think and move like the wealthy until you have access to the resources of the wealthy. Becoming wealthy is a process that requires discipline, consistency and wise decision making for the long term. Simply saying, “What would Puffy do?” Won’t move the needle.
That’s crazy, you went broke in 2008 and I love everything in 2006 and it took 2007 for me to get back on my feet. However I wish I would have made smarter decisions them as far a investing instead of just trying to get back on my feet. That survival mode aspect.
Great content and as you say . . . . . . . . it depends on what you are wanting to achieve, I am a normal working person and I leveraged on my property portfolio at 85% LTV over 8 years ago and it has paid off and now allows me to have a good income now
Man.... Chef Anton is cooking!!!
Facts!! In order to win with money you have to stay away from debt by living within your means, and "consistently" invest in your future. "A good person leaves an inheritance for their children's children - Proverbs 13:22"
Stop paying those property taxes and insurance and see what happens?
I live frugally to pay my house, when I finished paying for it, my assets gone through the roof because I still live frugally as if I'm still paying my house.
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Great Advice.
The extra money I put on the house today is more valuable. 20 years from now, a 1300 dollar mortgage is nothing.
As Always Great Knowledge. You always on Point My Guy. 👍👍 Joe B in Macon GA.
Financing a house for 30 years in this economy and depending on just a job to pay your mortgage you would have to be insane to try it 😂😂
Good work Anton...basics
Well looks like you answered your own question. If you got a business you still responsible for paying taxes too so yes you can leverage loans because those interest goes into your expenses reducing your tax liability. But it got to make sense that I understand
Glad Anton made the distinction of real estate investors using leverage as a means to grow a business/portfolio. And the tax benefits are 100% a source of income as well.
It’s not hard to beat a mortgage rate if you invest in the s&p500 via an index fund. Especially when rates were 3%. You can literally put the money in and not research anything. The a&p has averaged a 10-11% return since it’s inception.
How does it not make sense if you're trying to scale? U can start with one door and end up 6 or 7 doors in 4 to 5 years.
Sending extra money to the principle every month is the tough sometimes but cutting 10 years off the mortgage is worth it.
Great video!!!!
What if you have money for the rest of your life and you never have to worry about the income coming in is it OK to have the mortgage for 30 years to have the car payments on two cars and that type of stuff
Loss my job, single and now broke after using 41k to pay off bills and pay mortgages in the last year. Wish i could spit out bones.
I’m 63 do you think I should cash in the 401k b broke for a lil while with a paid off house ??
We can say it appreciated or we can say it inflated up lol , same thing
debt - slavery No debt- no slavery
Truth!
What if I don’t pay any property taxes? As a disabled veteran? And I have a 2.50 apr? Should I pay it off? I can take all that money and invest?
Agreed 100%
This is the one 👌🏿👌🏿
Preach🙌🏾🙌🏾🙌🏾🙌🏾
This is gooood
And Anton u keep saying we can’t keep comparing ourselves to billionaires most of us can’t compare ourselves to millionaires either most people can’t afford to buy a house out right, u think most people have 100-250k to buy a house? U would have to have a net worth over a million and that’s less than 5 percent of the population
I’ll take the way up I took, it wouldn’t make sense to try and save up for a house…meanwhile rent is going 30k a year as my low average (California) I’d rather have that in equity.
It wouldn’t make sense to try and wait SO LONG to save and attempt to, etc…just no.
You have to get in the Game.
i agree the sooner you get in the game the sooner you can pay that house down ad build equity and start to balance out. you can be investing simultaneously
idk where this nigga think all this money coming from@@thetraveler1182
I believe you should pay off your home to secure yourself
How can people pay of there home when they can barley afford rent
Black people love profiling! Less work and all reward - i believe in the work! All the money i have jts always about the work - thats the respect to curate towards our relationship w money
He’s right get a Roth IRA and invest
Most people can’t afford to buy there home out right and people hate spending most there money, u gotta have money money to buy houses out right vs putting a small amount down and using your other money for other things. It’s kinda simple if i got let’s say 1 million dollars am I going to spend 100-200k on a house which is 10 percent or 20 percent of my income or put down 15-20k which is less than 5 percent of my income?
If you got 1 mill cash you should invest right right away. Don’t buy a house. Every 7 years the money would double.
🗣️
I hear what Anton is saying. But if the mortgage rate is 4.6% and the market returns 10%, you put the money into the market. Simple maths.
We leveraging that debt my boy!!
Real Estate
🔥🔥🔥🔥🔥
Debt isn’t the enemy of wealth, it’s the opposite and it’s used to fight inflation. Keeping a mortgage in place long term is considered good debt, good debt is used to build wealth.. Putting 5% down on a $500k house, means you control a half a million dollar asset with only $25k outta pocket and you get all the tax benefits.
I’d never disagree if someone is preaching to payoff your mortgage it’s a specific type of freedom but “wealth” shouldn’t be in the same conversation.
Using “OTHER PEOPLE’S MONEY” is a principle of wealth building. If you are leveraging the banks money to generate cash.. why would does it matter if the banks eats? EVERYBODY EATS B…
exactly bingo!!!!!!!!!!
What are your thoughts on a 15-year mortgage vs a 30-year one?
liberal societies generally love debt
Anton, would you have any lines of credit if you didn't travel? I'm pretty close to having zero credit lines. I rarely do personal travel.
Correction: Americans love debt!
Obsession with all debt s is so true yah crazy credit cards are percent per 🍬 🍫 🍭 🍬 🍫 crack
Love ya fam but we don’t love debt just trying to make it until we can pay it off.
A 30 year low intrest mortgage is best for the average person
30 years 😂😂😂😂😂 good luck with that
I have a friend who can't stomach the word mortgage. His cousin lost her house after 25 yrs of payments.
Pay it off as fast as you can. You don't know if you'll lose your job and not be able to find another one for years. That has happened before. Think 2008.
@@sblijheidI purchased a home in 2007, in 2008 the market crashed and mass foreclosures followed.
You are spitting facts Anton
You are spot on... Even if you are able to write the interest off, you will never get a real substantial return. Why give it away ? Keeping all of your money, is the ticket.