I’m going back otr in a bit, been on an extended vacation lol. I miss the trucking money. Rich people do these 3 things: 1. Invest in stocks, 2. Buy real estate , 3. Start a business. Good vid. My plan is similar, but some advice, keep some of your plans private.. people will always have something to say, doubt you, etc. Grind in silence.
So what's the most effective strategy during this period with the rate cut? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble.
This is the exact thought process of persons handling their portfolio themselves. I will advice you engage guidance to help you make smarter portfolio decisions.
This is why I entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to financial losses. My CFA [Kris Lizette Dornbush] crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
Owning property is very costly. Especially if you get older properties. I own my house well I’m in debit with our house & it’s a lot of money to maintain.
He thinks he is just going to jump into a home and make a bunch of money what he doesn’t realize is that the first few years is usually spent getting ahead of mortgage unless you were blessed with a big Down payment pay in cash or get an insane deal
I'll be your suga baby and your suga mama at the same time!! Lol im workin on my CDL now and cant WAIT to get out on this road baby!! Im ready to get this money!
It would be one thing if he just explained what his plans were and that he hopes that they work out, but that’s not how he’s approaching the viewers. He’s approaching the viewers as if he needs to educate us on what to do in life and as he has it all figured out.. He is a know it all and yet can’t rub two nickels together
I dove for 41 years as a independent trucker OTR, I just retired in May of 2023, I'm not rich, but i did live a good life, but in the last 10 years I started to to trucking going down hill.
@@MidlifeTrucker-ThomBell Ramo doesn’t have a pit to piss in. Let a lone a house. In the last 4 yrs. he’s had about 5 different jobs and lives in his car and telling people how great it is living in his car. And always complaining about how screwed up truck driving is and how truck driving is a dead end career. All of a sudden now he claims how he is going to become rich driving and living in a truck. Don’t take anything this guy says seriously. A guy that has had as many job as this guy in such a short time, no bank or any leanings Co. is going to give him a loan to buy a house. And as he usually does he will quit this job in a few months if that.
Bro, owning a bunch of rental property is not a form of “passive income”. You need to be good at dealing with scumbag people and be a very handy person to upkeep and maintain the properties that they WILL wreck up. If you want true passive income focus on dividend paying stocks or bonds.
That’s why you’ll still be driving a truck. No offense that’s why the rich get richer they never lose money. They do these deals and can manipulate debt and equity as tools to create wealth. Achieving passive income.
Finally I’ve been telling you since the beginning, it doesn’t matter how much you make but how much you keep, these local guys making 80,90k at comfortable but still living paycheck to paycheck, only one thing I would add to this is, be careful how you invest this money don’t be tempted to start investing right away having thousands in the bank isn’t as harmful as these RUclips gurus make it sound also it’s way better in the bank than on a bad investment, also let me add real estate is not passive income as everyone makes it sound real estate renting properties doesn’t work unless you have some serious amount saved because so many things can go wrong and you have to be prepared what if the house requires an expensive repair or ac, what if you can’t find a tenant, you are responsible for those payments but your on the right path I’m 22 and been doing this living in my truck and stacking I plan on retiring at 30 on a really good position or maybe in Mexico as a multimillionaire actually I’m already a millionaire if I was to go back in Mexican so consider retiring in another country too
Dude you guys totally miss the part where if you don’t have time because your on the road you partner up with a good property management company that can get you a tenant for life on low income housing that you can still screen. Man thank you for the comment but seriously lol I totally get why women make fun of us men and call us dumb. Lol this is like the third comment that said this shit too. You can totally make real estate passive if you spend the cost to have a company manage it. People do it all the time.
@@augustineramos_ I could see why they make fun of you, it’s a different story with me I’m not your typical broke fat trucker who smokes but anyway, I was just trying to help and for experience in the real estate business myself I’m an agent, there is nothing passive about real estate specifically right now, the payments and prices are just insane for poor investors like you, real estate is in few words the most expensive business you can get yourself in and doesn’t work as nice as it seems on paper, that industry is for the big sharks and that’s the direction it’s going that’s how it’s meant to be I was just trying to help be careful with your investments because I’ll be watching a video soon of how real estate sucks, good luck your doing good so far
@@Ball.Daily11 Renters insurance covers the renters property or guards them against liability in case someone gets injured at their place of residence. Man y’all idiots are stupid
If you tell yourself you can’t do something then you won’t. If you tell yourself you can, your mind becomes challenged to do it. You say it can’t be done because you’re contempt with being comfortable. You accomplished what you feel you needed to and now you’re done.
It has nothing to do with your profession it has to do with buying assets that go up in value long term. I’m a truck driver and I’m about 2 years away for a millionaire at 42. Stop wasting money on jacket up trucks and junk.
How can you be teaching on how to get rich when you broke like a joke I don’t get it. Put your life together find yourself a good because obviously something you still don’t understand it’s the fact that in the us you can’t make it on your own
@@augustineramos_ The world is packed with that mentality. I’m a truck driver just like you, 32 years old working for a mega carrier. I have less experience in trucking than you and if I tell you where I’m at financially, emotionally and financially you won’t believe it. Having a plan is good but discipline and being like water it’s key
You can't make it on your own. In the u, s, if you are an immature child like yourself, a grown adult with a good plan, and lots of discipline can definitely make it in the U S alone
I don't know about real estate... but this guy is wrong about stocks & ETFs. The market has returned FAR more than real estate. Not only that to simplify REI like that is crazy. Real estate is absolutely not passive income.
@@brianhoppenrath8379 go and take your meds Brian. Does your wife know you’re a serial stalker? Maybe I should let her know what kinda creep she’s actually married too…..
Literally 15 percent of your gross income into your 401k with the target date fund will replace your income in retirement if you start at your age. You need to take care of your older years first before taking bigger risks like leveraging debt in realestate
Yeah but the problem is that 401’s are not promised or guaranteed because they’re tied to stocks, which means you can lose all that money. If you set up real estate through section 8 and have a tenant for life and partner up with a property management company you’ll have that income for life.
@@augustineramos_nothing is garaunteed. However broadly diversified indexes like inside the target date fund in your 401k over the long term will more than likely grow steadily over time. Sure there is volatility but housing prices can be volatile too. Not to mention maintenance expenses, tenants that trash your property, tenants late on rent or simply squat there for months for free. Section 8 is not free of these problems. Nothing is really "passive". Maybe you should strive to do both. But it would be foolish to not take advantage and at least max out your 401k(roth option) every year. It grow tax free. 7k invested this year in 30 years will grow to over 100k alone. Now imagine doing that every year. The sooner you start, the more time it has to grow and multiply in your later years.
@augustineramos_ nothing is garaunteed. However broadly diversified indexes like inside the target date fund in your 401k over the long term will more than likely grow steadily over time. Sure there is volatility but housing prices can be volatile too. Not to mention maintenance expenses, tenants that trash your property, tenants late on rent or simply squat there for months for free. Section 8 is not free of these problems. Nothing is really "passive". Maybe you should strive to do both. But it would be foolish to not take advantage and at least max out your 401k(roth option) every year. It grow tax free. 7k invested this year in 30 years will grow to over 100k alone. Now imagine doing that every year. The sooner you start, the more time it has to grow and multiply in your later years
@@augustineramos_I would also like to point out that all the major banks, that own loans, are listed on the stock market. So if the stock market goes down temporarily...historicaly speaking...the housing market will follow suit. And if the whole stock market "went to zero" the United States dollar would be your least concern. We would all be looking for water and ammunition. Not dollars.
@@fatkitchen17you guys are totally missing the point of this video. If you rent out to section 8 tenants you usually get a tenant for life especially if they’re elderly. Not every section 8 tenant is a ghetto hood rat with hella kids trashing your spot. You can screen them. It’s one of the best ways to keep your property rented out and still have the ability to raise rents because it’s the government that’s paying for it not the tenant. What I think it is, is people are just afraid to take a chance on real estate so staying safe with only investing in 401’s is safer and easier for people until another COVID wipes out their retirement account because that’s the only investment they have. Thats not being diversified. Thats putting all your eggs in one basket (the stock market).
@@CrimsonHaunt well you gotta think a lot of truckers are divorced bitter men that lost everything to some woman that took them to the cleaners and are most likely paying alimony and child support. So it’s pretty obvious why so many of them are miserable. Us guys who are still single still have a good shot unlike them, they’re screwed so of course they’re gunna hate on us single folk. Thanks for watching!
@@augustineramos_hey one thing I recommend for you homie is work a 1099 job make a LLC work as independent contractor you could run 4000 a week 7 days take 3 4 days off just learn the game how to write off taxes. I work for gp Transco made 46k 6 months first year but I'm going to be doing routes from Midwest to Cali and back making 67cpm 4k miles a week. Basically 2800 a week and I could take 3 days off after 7 days. Otr life sucks if company forces you out more than 4 weeks at a time. But it works for some gotta do what fits your schedule and vibe.
The cycle starts again 😂. Just give it a few weeks and he'll be back to bitching about trucking and living with his parents. You gotta stick to a plan dude and follow it. If not you're be hopping job to job forever and switching careers while living homeless in your car.
Bro stop riding the audiences dick and focus on your own life. Ramos gonna come on top he had bad attitude before now he's back he knows what to do now. I been there my first year and now this year I'm making 100k. Bros a beast leave him alone 👌🏼
Rich means different things to many people. Don't live beyond your means, and save save save and invest...now!!!
Pinche Ramos good Job
I’m going back otr in a bit, been on an extended vacation lol. I miss the trucking money. Rich people do these 3 things: 1. Invest in stocks, 2. Buy real estate , 3. Start a business. Good vid. My plan is similar, but some advice, keep some of your plans private.. people will always have something to say, doubt you, etc. Grind in silence.
Hope you get rich bro.. just keep saving.. you got some good ideas
So what's the most effective strategy during this period with the rate cut? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble.
This is the exact thought process of persons handling their portfolio themselves. I will advice you engage guidance to help you make smarter portfolio decisions.
This is why I entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to financial losses. My CFA [Kris Lizette Dornbush] crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
I could really use the expertise of this advsor,Whats the best way to contact her?
Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
Owning property is very costly. Especially if you get older properties. I own my house well I’m in debit with our house & it’s a lot of money to maintain.
That’s why you buy a fixer upper single home and renovate and rent it or a duplex
He thinks he is just going to jump into a home and make a bunch of money what he doesn’t realize is that the first few years is usually spent getting ahead of mortgage unless you were blessed with a big Down payment pay in cash or get an insane deal
@@xxP1ST0LER0xx still going to cost a lot of money. Time & money most people will never understand the discipline.
I remember seeing you making a video of getting rehired at knight, what happened? What made you leave & go to JB Hunt?
Never happened fake news
Bro I saw u at Schneider in Phx are you with Schneider now ?
I'll be your suga baby and your suga mama at the same time!! Lol im workin on my CDL now and cant WAIT to get out on this road baby!! Im ready to get this money!
your comment makes no sense..
wtf are you talking about? 😂
Is this a trucking video or a patato patatoe etf real-estate nic nak video
You done had about 6 jobs since you been on RUclips. Now you want to teach us how to get rich🤦🏾
It would be one thing if he just explained what his plans were and that he hopes that they work out, but that’s not how he’s approaching the viewers. He’s approaching the viewers as if he needs to educate us on what to do in life and as he has it all figured out..
He is a know it all and yet can’t rub two nickels together
😂😂🤣🤣😅😆
😂😂😂
lol, dude got roasted by pete holmes 😂
Good luck with that
Just like in the oilfield, you dont have time to spend your money.
There you go trucking 🎉
@@AwesomePo0 thanks!
Your into something. I’m doing something similar. You CAN get rich from trucking if you do it right! I wouldn’t be a long distance landlord though.
I dove for 41 years as a independent trucker OTR, I just retired in May of 2023, I'm not rich, but i did live a good life, but in the last 10 years I started to to trucking going down hill.
This all sounds great. How properties do you own? How many revenue streams have you established?
He has nothing, he’s living out of a car.
Right now 3 sources of income. Don’t own yet.
@@MidlifeTrucker-ThomBell Ramo doesn’t have a pit to piss in. Let a lone a house. In the last 4 yrs. he’s had about 5 different jobs and lives in his car and telling people how great it is living in his car. And always complaining about how screwed up truck driving is and how truck driving is a dead end career. All of a sudden now he claims how he is going to become rich driving and living in a truck. Don’t take anything this guy says seriously. A guy that has had as many job as this guy in such a short time, no bank or any leanings Co. is going to give him a loan to buy a house. And as he usually does he will quit this job in a few months if that.
Dude over here giving advice like he knows what he’s talking about. Like he didn’t go back to trucking because he got tired of living in his car
Owning propertys sucks especially here in ny its definitely not passive income
It sounds like this guy watched a bunch of RUclips gurus….ill give this 3 months 😂
Bro, owning a bunch of rental property is not a form of “passive income”. You need to be good at dealing with scumbag people and be a very handy person to upkeep and maintain the properties that they WILL wreck up. If you want true passive income focus on dividend paying stocks or bonds.
You missed some key parts of this video. Watch the entire video and listen to what I say before commenting. Real estate can be passive.
He. Thinks. It's. All. On. Easy. Street. He's. In. For. A. Big. Surprise. 😮
That’s why you’ll still be driving a truck. No offense that’s why the rich get richer they never lose money. They do these deals and can manipulate debt and equity as tools to create wealth. Achieving passive income.
Not a fan of real estate. What do you think of the box truck business?
It’s probably more profitable than semi trucking depending on what you’re hauling and your business set up.
@@augustineramos_ ok cool thanks . I was looking into the box truck business
Finally I’ve been telling you since the beginning, it doesn’t matter how much you make but how much you keep, these local guys making 80,90k at comfortable but still living paycheck to paycheck, only one thing I would add to this is, be careful how you invest this money don’t be tempted to start investing right away having thousands in the bank isn’t as harmful as these RUclips gurus make it sound also it’s way better in the bank than on a bad investment, also let me add real estate is not passive income as everyone makes it sound real estate renting properties doesn’t work unless you have some serious amount saved because so many things can go wrong and you have to be prepared what if the house requires an expensive repair or ac, what if you can’t find a tenant, you are responsible for those payments but your on the right path I’m 22 and been doing this living in my truck and stacking I plan on retiring at 30 on a really good position or maybe in Mexico as a multimillionaire actually I’m already a millionaire if I was to go back in Mexican so consider retiring in another country too
Dude you guys totally miss the part where if you don’t have time because your on the road you partner up with a good property management company that can get you a tenant for life on low income housing that you can still screen. Man thank you for the comment but seriously lol I totally get why women make fun of us men and call us dumb. Lol this is like the third comment that said this shit too. You can totally make real estate passive if you spend the cost to have a company manage it. People do it all the time.
@@augustineramos_ I could see why they make fun of you, it’s a different story with me I’m not your typical broke fat trucker who smokes but anyway, I was just trying to help and for experience in the real estate business myself I’m an agent, there is nothing passive about real estate specifically right now, the payments and prices are just insane for poor investors like you, real estate is in few words the most expensive business you can get yourself in and doesn’t work as nice as it seems on paper, that industry is for the big sharks and that’s the direction it’s going that’s how it’s meant to be I was just trying to help be careful with your investments because I’ll be watching a video soon of how real estate sucks, good luck your doing good so far
#ooooooohyeah
Pamela
Homeowners insurance will not pay for damages done by a tenant. Man this fools is stuoid
It's called landlords insurance, it's and add on the homeowners....Google is amazing
Facts, that’s why there’s this thing called renter insurance lol
@@Ball.Daily11
Renters insurance covers the renters property or guards them against liability in case someone gets injured at their place of residence. Man y’all idiots are stupid
Dude already talking about buying and renting property and hasn’t even delivered his first load with JB Hunt!
@@tinman7329
Don’t even have a place of his own yet
If you want to have a million dollars in trucking start with two million dollars
Let’s be real you’ll never get RICH from trucking.. You can be very comfortable ..
Depends on your definition of rich
Exactly, plenty of others have done it before
If you tell yourself you can’t do something then you won’t. If you tell yourself you can, your mind becomes challenged to do it. You say it can’t be done because you’re contempt with being comfortable. You accomplished what you feel you needed to and now you’re done.
I drive for Walmart, most older drivers are millionaires
It has nothing to do with your profession it has to do with buying assets that go up in value long term. I’m a truck driver and I’m about 2 years away for a millionaire at 42. Stop wasting money on jacket up trucks and junk.
Bulletproof plan.
How can you be teaching on how to get rich when you broke like a joke I don’t get it. Put your life together find yourself a good because obviously something you still don’t understand it’s the fact that in the us you can’t make it on your own
Aye let him cook 🏋🏼♂️🏋🏼♂️💪🏼💪🏼
@@darlvinms922 you can, just gotta come up with a plan.
@@augustineramos_ The world is packed with that mentality. I’m a truck driver just like you, 32 years old working for a mega carrier. I have less experience in trucking than you and if I tell you where I’m at financially, emotionally and financially you won’t believe it. Having a plan is good but discipline and being like water it’s key
@@darlvinms922best of luck to ya!
You can't make it on your own. In the u, s, if you are an immature child like yourself, a grown adult with a good plan, and lots of discipline can definitely make it in the U S alone
Wait until you get a professional rent evader, you know a squatter that you spend a year evicting.
Depending on what state you buy in.
Sounds good but self driving trucks you will be out of job in 2 years.
What's the cpm?
59.
South Dakota is cheapest for taxes and cheap homes
I bet!
Freezing weather!
I don't know about real estate... but this guy is wrong about stocks & ETFs. The market has returned FAR more than real estate. Not only that to simplify REI like that is crazy. Real estate is absolutely not passive income.
Bro we all know you’ll quit in a week
Won’t be at jb hunt long, he will screw up and leave.
You need to balance your life
Dont get fired
lol right talk about your lively hood
Is this video suppose to be sarcastic? I don't get it.🤔
@@mo3047 it’s not for everyone to understand
Two weeks later: "Why living in a truck and owning section 8 housing is dumb."
Keep dreaming
Bro 🤦♂️ 🤦♂️
That getting rich was his title at England. He’ll get fired first. Not a good, safe driver, just thinks he is.
@@brianhoppenrath8379 go and take your meds Brian. Does your wife know you’re a serial stalker? Maybe I should let her know what kinda creep she’s actually married too…..
Literally 15 percent of your gross income into your 401k with the target date fund will replace your income in retirement if you start at your age. You need to take care of your older years first before taking bigger risks like leveraging debt in realestate
Yeah but the problem is that 401’s are not promised or guaranteed because they’re tied to stocks, which means you can lose all that money. If you set up real estate through section 8 and have a tenant for life and partner up with a property management company you’ll have that income for life.
@@augustineramos_nothing is garaunteed. However broadly diversified indexes like inside the target date fund in your 401k over the long term will more than likely grow steadily over time. Sure there is volatility but housing prices can be volatile too. Not to mention maintenance expenses, tenants that trash your property, tenants late on rent or simply squat there for months for free. Section 8 is not free of these problems. Nothing is really "passive". Maybe you should strive to do both. But it would be foolish to not take advantage and at least max out your 401k(roth option) every year. It grow tax free. 7k invested this year in 30 years will grow to over 100k alone. Now imagine doing that every year. The sooner you start, the more time it has to grow and multiply in your later years.
@augustineramos_ nothing is garaunteed. However broadly diversified indexes like inside the target date fund in your 401k over the long term will more than likely grow steadily over time. Sure there is volatility but housing prices can be volatile too. Not to mention maintenance expenses, tenants that trash your property, tenants late on rent or simply squat there for months for free. Section 8 is not free of these problems. Nothing is really "passive". Maybe you should strive to do both. But it would be foolish to not take advantage and at least max out your 401k(roth option) every year. It grow tax free. 7k invested this year in 30 years will grow to over 100k alone. Now imagine doing that every year. The sooner you start, the more time it has to grow and multiply in your later years
@@augustineramos_I would also like to point out that all the major banks, that own loans, are listed on the stock market. So if the stock market goes down temporarily...historicaly speaking...the housing market will follow suit. And if the whole stock market "went to zero" the United States dollar would be your least concern. We would all be looking for water and ammunition. Not dollars.
@@fatkitchen17you guys are totally missing the point of this video. If you rent out to section 8 tenants you usually get a tenant for life especially if they’re elderly. Not every section 8 tenant is a ghetto hood rat with hella kids trashing your spot. You can screen them. It’s one of the best ways to keep your property rented out and still have the ability to raise rents because it’s the government that’s paying for it not the tenant. What I think it is, is people are just afraid to take a chance on real estate so staying safe with only investing in 401’s is safer and easier for people until another COVID wipes out their retirement account because that’s the only investment they have. Thats not being diversified. Thats putting all your eggs in one basket (the stock market).
It's a blue collar job man get real.
If ya wanna live like a ;# bag sure go for it
A lot of blue collar workers make just as much if not more than jobs that require college degrees. Get real.
Bitcoin
Lol
😂
Incredible film sir Augustine loving the content 👏
@@Andrew-n1v thanks!
Saca la bolsita
Shut those haters up when your tired think about how they still wait on youe video to comment something stupid 😂
@@CrimsonHaunt well you gotta think a lot of truckers are divorced bitter men that lost everything to some woman that took them to the cleaners and are most likely paying alimony and child support. So it’s pretty obvious why so many of them are miserable. Us guys who are still single still have a good shot unlike them, they’re screwed so of course they’re gunna hate on us single folk. Thanks for watching!
@@augustineramos_ they just sit 12 weeks out and subscribe to phub and wait for Ramos new videos no cap dawg 😂 doing their 2500 miles a week
@@augustineramos_hey one thing I recommend for you homie is work a 1099 job make a LLC work as independent contractor you could run 4000 a week 7 days take 3 4 days off just learn the game how to write off taxes. I work for gp Transco made 46k 6 months first year but I'm going to be doing routes from Midwest to Cali and back making 67cpm 4k miles a week. Basically 2800 a week and I could take 3 days off after 7 days. Otr life sucks if company forces you out more than 4 weeks at a time. But it works for some gotta do what fits your schedule and vibe.
The cycle starts again 😂.
Just give it a few weeks and he'll be back to bitching about trucking and living with his parents.
You gotta stick to a plan dude and follow it. If not you're be hopping job to job forever and switching careers while living homeless in your car.
And you’ll still be watching!
true. you gotta stay put and grind it out, cant hop around and think youll make millions
Bro stop riding the audiences dick and focus on your own life. Ramos gonna come on top he had bad attitude before now he's back he knows what to do now. I been there my first year and now this year I'm making 100k. Bros a beast leave him alone 👌🏼