The Keys to Building Your Wealth (Tips and Tricks)
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- Опубликовано: 4 авг 2024
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The moment you receive your first penny, you are expected to build up wealth. However, many individuals struggle pertaining to finances.
There are too many people out in the world who have nothing saved for their retirement. This is why we are here to bring you this video's topic…
The keys to boost and build wealth.
In this video, we will be including tips on how you can give a boost to your finances. With each tip is an opportunity to take a step towards positive changes
Toby Mathis himself will be going over all the things you can do to better build your personal wealth. If you have a goal regarding your wealth, then this video could help you reach said goals.
We appreciate all of you tuning in from wherever you are. We hope the content was useful to you, and the words we’ve shared will help set you on the path to meet your goals with wealth.
If you enjoyed the content, please show your support by liking the video. You can also take it a step further by subscribing to the channel. ruclips.net/user/TobyMathisE...
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It's one of our greatest pleasures to share our knowledge with our community. Please join us again in the future, and good luck with building your wealth.
0:00 - Intro
0:40 - Who are the millionaires?
1:15 - If you want to be rich do this
3:56 - How much you should spend on a home
6:16 - 70/30 rule to remember
10:13 - Eliminate debt and summary
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. of the information contained herein without seeking professional legal advice.
#FinancialEducation #Wealth
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He dropped so many gems in this video! Thank you!
This is literally the most helpful channel on the internet.
I love to hear that giving 10%. I donate 10% to good will every year.
Life transforming wealth of knowledge. Listening on replay and taking relevant steps.
Thank you Toby!
Words of wisdom! Thank you so much Toby.
Excellent advice. Investing is a discipline and something most of us don't know much about. However educating yourself by reading and watching videos like yours can greatly improve your success. Then you have to act - save, invest, learn from your mistakes.
Great video, thanks for putting this together; so many people need to apply these principles
Toby speaks the truth - there are incalculable benefits in giving to the less fortunate and to the needy. The best detoxicating formula is Giving and Forgiving - unburden yourself and invest in your spiritual bank account along with your physical account. What’s more rewarding is there is no inflation in the charity realm. Live well and give well.
Thank you for your comment!
Great time test steps to wealth building, that anyone can do!
Wise words!!
Thank you Toby! I’m a big fan of you, watching your videos changed my life
That makes us very happy to hear!
great stuff, thanks
Thank you
You are THE Best💞
Thank you for teaching us valuable lessons
It's my pleasure
Thank you great information. Rule #1 GIVE time or money. I did volunteer feeding the homeless it was the most rewarding thing I ever did!!!
That sounds like it was an amazing experience!
THANK YOU ‼️
Thanks for the support!
Very good guidance! Thank you so much for caring and sharing!
You are so welcome! Thank you for your kind words!
You are awesomeness
This video is packed with great advice and quotes.
We are glad to hear it, thank you!
Love the 70/30 rule! It’s so important to have consistency and intentionality with our money. I think that’s why engineers,accountants and teachers are at the top of the list of millionaires. They have a tendency of liking rules, routine and rewards. The three Rs of becoming a millionaire 😂.
I want you know I going used all your knowledge
Hi Toby, thanks for the wisdom. Can you please comment on the book "The Millionaire Fastlane", where the wisdom is one has to make the money quickly. Thanks
Great sharing
Thank you so much 🙂
Wealth is different from
Rich!!!
Build wealth not riches!
good information
Thank you, that's nice to hear!
I would like to Hear your take on Medicare (Supplement vs Advantage vs Original Medicare) . I already know the right option, I am just interested in your opinion. If want to pass, I understand, it's a complex subject.
Please address how widows & widowers can keep can keep from paying overwhelming taxes.
where is your video that shows how to profit from home foreclosures, returning the foreclosed upon and taking your finders fee?
Divorce is a big formula for being poor too!
are u saying to pay good debt faster? sound like it but if my mortgage (good debt) is 3% and i can invest in RE or something else and get 10% why would i try to close my debt faster (the 10% u said we need to use monthly to close debt)
Why can't you do both. The less you owe on your mortgage the faster you pay it off. Also by paying more on your mortgage the faster your credit score goes up.
@@paulross2979 everyone has limited income if i can do both 10% on mortgage and 10% in investment should i ? or its better to put 20% on investment? and i only have 10% where shoukd i out it?
@@Unicorn-Black I'm working on building wealth currently. I am not wealthy yet. But, with what you have said, I would take that 10% and invest it and keep investing it until those assets start to generate passive income. Once you are generating enough passive income or whatever and you are not so tight on your budget then start using the extra to pay off the debts and to be charitable. But, you gotta get yourself in a good place first. Kinda like how they say if you are on a plane and something happens that you are to first put the air mask on yourself FIRST before putting it on your children. What good are we if we are dead? I would presume the same principle applies here.
Great info! Who/what do wealthy people give 10% to? Just curious… obvious answer would be church, United way, feeding America, etc. Curious about creative ways to give other than standard church/nonprofits
You could buy groceries to you poor neighbor 😊
Do something that builds a legacy doesn’t necessarily mean you have to throw money at it.
If I have a self-directed IRA, can I create an LLC and then invest money from the self-directed IRA into the LLC?
It is possible, but there are rules that have to be followed. If the IRA sets up the LLC and owns the LLC, it is much easier.
Can you please make a video on how teachers become millionaires?
I highly recommend you watch this video. This is a real story about a teacher who became a millionaire through real estate. ruclips.net/video/ujJ36Qym62k/видео.html
Is a house considered a liability if it’s paid off???
Liabilities cost money to own each month. Real estate is a liability if the cash flow is negative. Thus, a home you do not rent out is a liability. It does not mean you do not own a home, only that you do not try to retire off it:-) Lots of retirees are real estate rich and cash poor and can barely pay for their real estate taxes, utilities and upkeep. Make sense?
Anytime you say relying on the government to take care of you that’s some scary stuff dude! 😂
One's house is definitely NOT a liability. It isn't liquid capital. Accredited investor usually only counts liquid capital. Even if a house is cash flow negative it could still be making you wealthier via property appreciation, if married you can sell the house and take up to $500,000 in gain tax-free in the USA!! That being said, it isn't wise to be "house poor".
thank you toby. your seriously a knowledge of wealth.
Thank you for watching!
Thank you