"Stacking $100,000 Isn't Enough Anymore, You'll Be Broke..." Ian Dunlap From Earn Your Leisure Talks
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- Опубликовано: 15 ноя 2024
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God bless you, sir ,you give our generations great advices on life ,society needs more mentors like yourself
Yeah I got to get me a Patreon
Hey AD can you write off yo watch ?
Most people don’t even have a 1000 dollars in savings. Don’t let these people who are mostly scammers and liars trick you into thinking 100k is nothing
Facts 💯
Facts. Inflated perspective. Lost touch of reality
1000% Agree, 100K and GREAT CREDIT SCORE CAN AND WILL GET ALOT OF SH!T DONE 💪🏿💪🏿💪🏿💯💯💯
Facts dude is smoking the piece pipe😂
i agree, statistics do not lie....and last i checked, only 17% of individuals in the US make over 100k pre tax.. only 34% of household in america make over 100k pre tax... we have to get real about whats going on out here
This is the problem with too many of us when it comes to this issue. Two things can be true at the same time. But instead of us acknowledging each other’s true statements, we’d rather argue over who’s right and who’s wrong. Let’s not forget that people’s perspective on issues like this is all based on standards of living. We have Black people living all over the spectrum from sub-poverty to wealthy. How you plan to maintain your lifestyle will dictate how much $100,000 will be worth to YOU.
Amen to that bro... To me, 100,000 is a lot of money and would allow me to sleep at night considering the economy and unstable job market... It's all relative...
I agree
If you notice these internet coaches have high overhead so they need more. 100k is a nice stash especially if you're leaving within your means.
This comment here! Spot on!
Nah the problem is you cant accept the truth. You sound like these wonen out here
You're 100% right. Most of your money should be invested. Not sitting around losing value.
Money is like women it doesn’t like to be bored
If you have $100k in cash and it’s not working for you as far as being invested into the stock market what are you doing. No one should be broke with that much cash. 90% of that should be invested.
Facts. I got mine all in stock market and real estate
Better things to invest in than a stock market
@@TonyMac1 Like what? Index funds outperform most investments long term, back your sources up.
@@TheDrizzCAKEN boomer invest in hex and pulsechain be open minded. Thank me later.
Not everyone knows how to invest. better to just set it aside in savings and keep building. 100k is still a lot of money in the midwest and the south.
Savings are not for suckers. It’s insurance policy for when shit happens. This is why I don’t listen to Anton when he talks about not having a savings account. It’s easy to say don’t have a savings account when you have multiple streams of income every month where you can budget and allocate funds that come in every month in case of an emergency. Even that is risky. What if those funds stop coming? Are you going to cash out on your investments every time you have an emergency? As a homeowner you need to have cash in case something happens. I am not going to tie it up in investments. I am one of those people who has almost $100k saved with majority of my savings in a brokerage account. I do also set aside six month in expenses in a high yield savings account. That’s not a big flex because I live in NY and I still don’t think that’s enough.
Excellent comment. Also, how can you have the capital to invest with no savings. It's like a chicken before the egg.
Exactly, I have a 401k and that’s enough. Ask all those ball players who invested millions and now are broke. People say invest like it’s an automatic return it’s not that easy. Also you have to be able take a loss, so how can the average American not have 1000 for emergencies even think about investing.
I agree
I mean you can get a debit card to your brokerage account lol
I work as service desk, have a side hustle and invest in stocks and I have no savings. I don’t believe in savings for the sake of savings. My money has to be out working like I’m working. If emergency happens, I have credit cards, then I stop the routine investing and use the money to repay the cc. Once that is done, cycle continues.
So to say you have to have surplus money like anton to be able to have his kind of budget it wrong
No one talks about building an emergency fund first other than investments. So that way you don't have to sell your investments.
Exactly. I don't listen to him for "financial advice" this shit is strictly entertainment for me lol
Anyone who calls themselves a “master investor” is a fraud
this
An emergency fund should be a minimum of between three and six month's worth of living expenses. The average American doesn't have that, and many don't have much of a savings account at all. It's scary.
If u single and u don't have no kids and u live below your means, than 100,000k is alot
That's me :)
So I thought till I had health issues. Get what you can while you can and be wise with your investments.
Thats me no bills , car note nothing
Me too I'm at middle 90
@@sandrawithoutborders5631 amen I'm doing this now 🙏
I’m an Engineer in Austin with 3 kids. Right now 100k is nothing, but I also understand that most people will never save 100k.
Yeah because you have three kids.
And he lives in Austin lol
@@mickeybeavison1053 I’m not a liberal it’s all about the money my friend.
100k with no kids, wife, no debts is a lot to me.
I’ve had $100,000 in the back several times. It’s wild to me to see people buying 400,000-500,000$ houses and they have no money in the bank. I’m just a regular basic guy. I target 50,000-100,000 in my accounts at all times.
I prioritize saving for emergencies and major expenses. My aim is to set aside enough to cover a year's worth of expenses, and to invest the remainder. By saving for emergencies, I can avoid credit card debt and be prepared to seize investment opportunities.
Just live below your means. Pay off all your bills, because you have to have disposable income in order to invest more. Buy used cars until, or unless, you can buy them in cash. Put aside your job bonuses instead of spending it on clothes, toys, or trips. If you want to take trips, make monthly installments. It takes time to achieve these things, so set small goals, and meet them.
Financial Discipline is a core problem for most. Your words are true.
I respect your mindset. This is how I operate on a regular basis, even though I can pay cash for everything I want to do.
Everyone's situation is different. You have to evaluate your own situation. Decide what success looks like to you.
Save your money people, one day it’ll save you
PREACH!
That's a bar right there.
That should be on a T-shirt.
Don’t forget to invest
This is about lifestyle...Its people that live well and make less. Its people that make millions and are broke living paycheck to paycheck up to their necks in debt. How you manage money dictates everything !
Also folks trying to rush getting the money. Some of their jobs have great benefits such as IRA. That money should be touched until retirement age unless it’s a real emergency. Setting goals vision and planning is one of the key. 😅
Most of these youtubers aint gonna tell you that though.
I don't know anyone personally who makes "millions" - well, maybe a couple of specialized doctors I've dealt with - but I do know many who make VERY good money. I'd be hard pressed to imagine anyone with the means to earn that much money being "broke" and living paycheck to paycheck. My nephew and his wife together make over seven hundred, and they have a person who keeps a very good eye on their finances and manages their funds, so if they were spending out of line (which trust me, they don't - they enjoy life but spend like they don't have it - there in lies the key) that person would let them know. No millionaires, or people who make "millions" a year, are living that way. Sure, some people, regardless of income, like to spend and many can't handle money well, but I hardly think people who comprise less than 5% of the population who are sophisticated and talented and skilled enough to make that kind of money being dumb enough to live in debt.
This is why I listen to both Richard Fain and Anton. You see Richard Fain tells me the ETF’s I should invest in. Anton tells me how to use my money to invest in those ETF’s. Both channels are beneficial
what's some good etfs
@@crownusbrand(Dividen)Stocks ETF SCHD
Also( Growth) Stocks ETF SCHG
Technology Stocks ETF QQQM
These will make a solid 3 fund portfolio
Must have a S&P 500 fund such as Voo or VTI
Research these of find the ETF Stocks you like
Just based off your biases in every vid (which is cool 💯) , im starting to understand “what works for 1 person might not work for you” so do what works for you.
I 100% agree. Thats why everyone should always do they own research
SAVE SAVE SAVE. Investing is important, but you can't invest if you don't save
Yea it be dudes that got hella bread invested but if technology take a wrong turn n you cant access that money anymore or move it you gonna look crazy for not even being able to cover rent for at least 3 months in your savings plus ppl still workin n gaining income ona monthly basis.
Average people need to humble themselves and get a used car from Craigslist for under 10k
With 10k in maintenance cost 😂 have fun with that
@@MrOriginal_agreed because nowadays a beat down hooptie with 175-200k miles is running 6-7k
Not even that much
@@MrOriginal_depends on what car ur buying in some cases
A retired couple next to me shared that the $1mil in assets was a farce. They live well, according to them, off $5k a month, of course no mortgage. He advise me to pay off my house, assess where I spend my money, and live within my means. I see my pops doing well with his retirement pension, etc. unfortunately, I don’t think people consider their current lifestyles hindrance to their future. As Ramsey says, “live like no one else today so you can live like no one else tomorrow”
Remember $5k a month will be $60k a year, so in ten years will be $600k. However, those pensioners will be older and required medical treatment.
thar last statement about the fries is real; my dad used to say people worry more about what others think or have instead of doing their job to the best of their ability which is why people only go so far in life.. do what u gotta do to get what u gotta get
False Anton, the more you make doesn’t mean it will cost you more to live. That’s your choice in spending and investing. Not everyone wants to deal with the headache of car notes and especially the maintenance cost of your luxury cars. You live a more expensive lifestyle than most chief and you forgot people like me live out in small cities and the country so our cost of living is much lower to you all who reside around major cities.
Facts
That's what I've been saying. I've saved 100k. Not throwing all or most at silly risky investments. It provides me a 2 year safety net if I need it
how is that a truism brother
I agree with you 💯!!! Just think about it, one of the richest men in the world, Warren Buffet, still lives in the same house he's been living in and the same car he's been driving around for YEARS!!! Take a guess on how many Rolex watches Warren Buffett has...NONE!!! Stop the cap Anton!!
Right bro nobody ain't bout to convince me 100k cash ain't nothing . I'm gone make it something .
Everybody has to start somewhere. All depends on your salary and your living standards. People are living on way less than $100,000 and not struggling!
100k invested is the standard benchmark for investors. 100k liquid is different than 100k a year salary. There are numerous videos on RUclips that speak about the value of investing your first 100k.
I dont think its about the $100,000 its self but more so about the habits and mindset developed along the way to saving it.
I think a lil bit is about the 100k. Compound interest looks alot better at 100k than 10K.
But I do agree. 99% of getting to that 100k for most ppl will force them to develop good money habits.
Lmao I’m so far from 100,000 dollars I shouldn’t even watch this video 😂
Most of us are, but please take heed to what he said. We can all start somewhere. Take it from me: worked for years after a tumultuous college experience, and only really started saving in the last couple years.
We all have to start somewhere. Use what you have, do what you can, and start where you are.
I was able to save by first eliminating my credit card bills. I also moved to town that has a lot of bad and good areas so the rent was low. I shop thrift ; I take frozen dinners to work almost every day. When I meet a person who I may tend to empress and we’re talking about money I tell on myself; I say if I don’t have a house I won’t buy a designer bag. I’m comfortable with what I saved and I don’t worry about my daily expenses
Take your money overseas while you still have a little time left. Choose your country wisely.
👌🌎🏆✊🇧🇷
What are people spending money on nowadays that $100k wont be enough this is ridiculous. I took myself through college working one full time job at $18/hr, paid all my bills and still had some left over when i graduated. Smh
By having a family with children
100k is more than enough as black people we need to stop with the foolish talk.
@@BowieBanks23100k is more than enough even with a family.
@@dappergents3743Enough for what?
@@dappergents3743 it all depends on the type of women you marry and the lifestyle you as the man you want your family to live
Anton saying he invest everything he makes is a recipe for disaster for the average person. You guys do know an investment can either go good or bad right ? It’s not always a win everytime. You need to have money in reserve so when times get rough you’re not pulling from that investment. Especially if that investment is on the downside. You have to save and invest at the same time.
True true true
Exactly. I hate how they always say your money loses value when it sits and don’t inform people that may not be aware that you can just as easily lose money in the market. The more volatile the more risky.
I just saw a guy say he has 90% of his money in the stock market. I would be horrified. It's a risk even if you have done your research. I have probably 10% in the market. I'm just going to keep doing what I've been doing. Working and saving and when the right opportunity presents itself, I should be able to take advantage of it.
Facts
Diversify😂
People don’t realize there are other countries besides the USA. A single Nigerian can have $100,000 in stocks generating 7% annually passively is doing really good in Nigeria. Or even in Peru, Argentina, Equador etc. But I agree generally with Anton’s premise. It really depends on what you want. Having 100k doesn’t mean youve arrived, it means you got what it takes. The hardest part of the journey is done.
Nigerian stocks has being manipulates by few criminals like Dangote and astronomical level debament of naira by criminal government is unbelievable.
100k spend like 40k now days. This money shit is a scam. All the hard work you do to save and sacrifice now for 1.5 in retirement gone spend like 300k in 25-30 years. It’s just best to buy as many properties as possible but housing market is at historical highs now. I don’t see 30 years from now 300k home being worth over 1 million. Just wouldn’t make sense with the rate of average salaries not increasing much either with inflation.
At the end of the day the black community don’t take care of the elderly. Living in Miami I learned that other race believes in taking care of their parents. Most of them live with them. Nursing homes are full of elderly. Sad part I think it sad but in America people have to work.
This is when I can really appreciate you and your content. You are so correct in stressing not to just save. But to save and deploy. That is how money is literally grown. Various tactics have to be insured in creating wealth. So Anton, I agree with you. When you discuss these approaches, WE love you. Another thing is that, WE are listening to learn. Therefore, WE are not stupid, because we save and are learning what to do. WE may be ignorant about some things. That's where you come in at.. But, WE are not stupid. Thanks Mr.Daniels !!! WE need this content, that only you can present. Thanks !
100k enough to start something that’s gonna put even more in you’re savings
If you live below your means, you get by on less money than you earn every month. For example: If your household income is, say, $40,000, but you make ends meet by spending $5,000 less than that amount, you're left with money to save or invest for important goals.
PREACH!
Anton, you don’t have to pay PMI on a new home and mortgage. Simply take out a 80/20 mortgage and that avoids a down payment and pmi. Anyone looking for a home should know that. 80/20 mortgage I’m referring to is two mortgages. The smaller mortgage cancels out the pmi and the down payment. I did this for my first home in 2005z
I just learned about the split mortgages
You have to pay PMI when you don't pay 20% down on a house. He is correct, healthcare will kill anybody budget. Whether you young or old.
@@rhondahopkins4366 no you don’t have to pay pmi when you do a 80/20 mortgage . Omg y’all are so unlearned. Doesn’t matter if you are old or young. Do you not understand what a 80/20 mortgage is? You don’t have to put a down payment down on a 80/20 mortgage geez. A 80/20 mortgage eliminates PMI and a down payment. I fully explained to you what a 80/20 mortgage is. Please do your research
@@rhondahopkins4366no you do not pay pmi nor a down payment on a 80/20 mortgage. Pleas learn what a 80/20 mortgage is Vs a traditional mortgage. They have been out for decades Omg.
Why would you do a split mortgage that's ridiculous. If that's the case you can buy points.
$100k in your savings is amazing. Plus you working and have a business bringing in cash you good. In my opinion it comes down to your money management skills.
I think your numbers are from a very large city. A lot of places in the US 100k will last a long time and even longer if you are still working. There's places all over the southern US that has medium size cities and small towns where it will go very far. Also, everyone doesn't have to buy a brand new expensive car for 40k or more. I would like to see you speak on the average person, and yes, I have it, but I've been there before. Heck, you can buy a brand new Honda accord for 30k or less.
True Shreveport louisiana just Google how many movies are shot there so Hollywood can save on taxes. 50 cent just got a studio there for 2500.00 a year because of the business it will bring and he will covering to maintain it. Houses are reasonable
But jobs are not Shreveport
@@tam6011 what do you mean?
@@TcVideoHosting what job is paying 200k in that area? What jobs are coming in that area
@@tam6011 I never said anything about jobs paying 200k The video is about saving 100,000 . There shooting movies there , 7 casinos .Bentler steel , Ge Transformer, Centric pipe . But it is cheaper to start a business that will make you that kind of money because Everything is cheaper there .
Yo you snapped on this episode Anton. ‘We done with FAFSAs!’ 😂
Big facts & key points. Especially towards the end. Too many excuses. Not enough people willing to do the work.
100k is life changing with the right mindset that it thats all. Somebody can take that in create weatlh
Having 100k in savings with no debt to little debt you are living better than the majority of Americans!!!! I feel everything is in a bubble now I'm gonna stay stacking and wait on the collapse!! If the collapse never happen then I'm still sitting on over 100k cash!!! No downside!!! It's all perspective depending on the person!!!!! I have no debt with 100k in my acct!! It may not be a lot to most but it's a great start!!!!!
When everything do collapse you gone be one of them ppl to capitalize off it
Thanks alot that's the plan keep debt low and credit and savings high!! Waiting on the collapse!!!
If i can make 225k, gov employed with a side hustle in flipping/funding real estate flips by myself.... it sounds great but in real life... i need more resources/access to feel secure
You gotta love when AD talk his shit 💯
This was pure Gold!!
S/O to Anton for going crazy with this one 🔥🔥🔥
Bruh i got 8$ in my bank account,
700$ in saving
Wtf
But over 6 figures in the stock market, but i act like that dont exist
Took me 3years 5months to reach that.
3 years for $100K in stocks?
@Rashaadthegr8 yes. I invested 70% of my money, I threw everything I could in there, it was too addicting seeing the returns n dividends,
I lived off money I got from donating Plasma as my source for food, fun, dates, etc, that was 400$ a month.
@Rashaadthegr8 I only keep enough money in the bank just to pay bills, that's it.
@@Malaki727 That's wild no emergency savings. Have you not lived t horugh the recession or the pandemic?
@@Malaki727 $400 month? I would skip the dates brother thats some scary tactics you doing. I hope you don't have kids or a gf with only $400 a month. What are you investing ? Please don't say crypto.
Stacking $100K ain't even a $100K if you have debt besides your home! 😮
Nah a home is debt we gotta start acknowledging that.
@CreatedbyLeon Who doesn't "recognize that," besides non-homeowners?!?
@@RETlREDAVIATOR I’m not a home owner by choice. I don’t see the need to buy a home right now I’m single and making good money. But debt is debt. And right now owning a home isn’t a good debt.
Good grief yall balling just blowing 100k
A home builds equity every year.
PREACH YOUNG FELLA PREACH !!! THIS IS THE ISH THAT IS NEEDED AND IS THE MOST EXHILARATING ... RIGHT ▶️ ON !!! 💪🤨👍🏽
Hmm, the majority of people aren’t ready to accept the responsibility. Thanks for the guidance bro.
This resonated with me. I started making > 100k annual 2 years ago. Saved my first 100k ( total summed across savings, investments, hsa, 401k , roth ira) towards the start of Q1 last year. Started this year at around 150k and I'm working towards my first quarter-mil at age 30. I stopped saving after I saved a year's worth of bills in a high yield savings account with a little extra. And even with that I STILL dont feel comfortable going to like bar nights, or taking trips. I always have that "Can I really afford this?" Floating in the back of my head.
I saved up a 100k and the financial security you have trumps throwing it all in investments, and some of the investments might not work out if anything I would invest 25percent of it and then put the rest up which leaves you with 75k , this is why a lot of y’all are going broke, getting evicted because you don’t know how to save and manage your money correctly you throw it all in some sketchy investment that somebody talk you into doing it falls apart and now your back working in a factory broke and living check to check, I understand investing a little bit of it but not all no way!
Exactly. Everybody acting like everyone is making hand over fist with investments. I’ll take financial security over gambling with investments. Investments have their place but it’s not the end all be all. If investments were a sure thing we’d all be rich
Thank god you said this smh I watched hundreds of Financial videos and everyone have all there money in one basket putting a 100k in investment and only have 6months in account if emergency happens like no nothing wrong investing but don’t put all your money in the market alot of people suck with money people just be talking that’s why it’s important to know what information to take from them and what not to even dudes like Anton you can’t always listen too. The thing is these 99 percent of people want to be rich not wealthy they all trying to get rich quick that’s why people throw all there money in the market. 100k is a lot of money these guys are clowns. You can make a lot of power moves with a 100k and find out your strengths and weaknesses and still have 80 percent of it left but it all boils down who the person is majority of people IQ on financial literacy is negative 1000.
@@lifewithbakari1413Right. No one said 100k was enough to retire off, but do I have financial security with 100k? YES. I live in southern California and my cash flow/disposable income is good. That money doesn't even exist to me bc I live within my means and budget my money very well.
how did you save 100K? I think i'd have to set up automatic deposits from my main account and let it go into another account and literally don't pay attention to it for about 4 years. 100K sounds like the perfect number to not be stressed out if you are still healthy and working and actively saving for retirement,
Anton! For the love of Mike (pun intended) Pease insert an audio compressor on your microphone. When you talk and move your head back and forth, the volume of your voice fluctuates MASSIVELY! Good quality and consistent audio levels should accompany your GOOD content! Blessings to you brother.
true 100k isn't alot in first country but outside😎
What are your thoughts on investing in precious metals ?
Basically doing exactly what the banks do💯
the safest investment of $100K is a (Certificate of Deposit) CD savings account at a credit union, you will receive 5 percent interest a year, so $5K a year on your $100K, then you can take out a secured loan for lets say $50K from your $100K CD, your $100K CD continues to gain the 5 percent interest as if it was whole, when you pay back the loan essentially you would be paying yourself while building credit.
You'll always be broke your whole if you keep playing the game that's been set up for you to lose! it doesn't matter how much you got. And they call it "Drive, investments" don't get finesse with these KEYWORDS. smh Only way to win is Don't Support it and Don't play it! Whether it's the casino or the capitalist economy. Make your own shiet, fix your own shiet, live on bare minimum on needs vs wants. don't rely on the government and economy. that's the only way. Don't trade your Freedom to be in debt for a piece of paper! 100k or 100mil. May the best man wins if you have to get physical to protect your own freedom. Don't buy into all that finesse.
Boom ! Thank you. They keep pushing the dam goal post man and I get it ..But in real life when you cut off youtube you have to go and hustle and you gone have ups n downs but just learn how to adjust and manage when it gets tough and invest and save when it gets easy .😊
Damn, I JUST saved 100K 😩, and I’m still broke? Bro, what dimension am I in right now !
Mr. Daniels You Shooo Preaching. ❤Much Love to you My Dear Brother. Joe B in Georgia. Military 🪖 Iraq Veteran. 👍👍 Two Thumbs Up. Way Up.
100k with cash flow already is something 😂 What’s wrong with these lames?? Don’t get tricked following these dudes for their own benefit 💯
Exactly, saved my 1st 100k and i feel VERY secure. Not wealthy and NOT enough to retire off of but very comfortable. My disposable income is good and I live very comfortable in southern California😂
If u plan on retiring here in the states? its likely 100k is not gonna get you very far. But theres nothing wrong with someone who decide to set that as a goal for himself.
U can stack 100,000 and move out the country this country aint the end all be all yes its not enough in the united states but u can live in another country comfortable we need to get out our comfort zone
Agree
Which country?
100000 is everything to someone, and not enough for others. Depends on who you are, where you live, who you support, how you budget, and your life expectations.
The most u should save is 3 to 6 months of your expenses. Everything else is investment
The part at 5:00 really hitting for me right now. I'm 32, living in the family home, have 300k+ cash right now, but it's like I can't do much with it. I live in the Bahamas and it feels like they made a tall wall between individuals and investing, it seems like such a "you need to know somebody to get in" kind of thing. Right now I'm just trying to learn more because no one taught me anything about finances at all growing up.
You are spot on. No one ever taught me growing up how to invest. I just read all I could to do the best I could at it. I am now 55.
This cap. You got $100k and you working. You good. This wealthy lifestyle shit I’d big cap
Anton .. ? If you lost everything except a 100k!! Would that be a good start ?
now you broke if you have that no you broke because you don't what to do with it
Thank you 👑A.D. (Brooklyn N.Y.)
100k is definitely alot of money if you know what to do with it.Thats more than a years income for some.
Construction is usually between 20 to 40% administrative(permits, drawings, inspections, scheduling, accounting, etc) with out it would be chaos
Anton: save your money, invest, have multiple streams of income, etc. keep your expenses low at all times.
Also Anton : saving money is for suckers
Ok dude which is it ? Because last time I remember I need to save up for a down payment to buy a home or start a business, money doesn’t magically appear on my bank accounts unless I do something about it.
I swear these RUclipsrs man the louder and popular they get they forget about the rest of us and how most of us don’t have the same as them 🤦♂️
Yep and a lot of these RUclipsrs probably don’t even have the 💵 they claim to have, they’re just selling us a image$.
This morning I stopped funding my job 401K (short term). That extra money (little over $400) per paycheck will go into my Fidelity brokerage account.
Why if they are matching it, that's free money
@@TheOneAboveAll_ I work for the largest mass transit public entity in the U.S. By state laws they don’t match retirement funds. Decent pay, good supplemental benefits but no 401K or 457B matching contributions.
@@icecoldac3 okay, gotcha
Everyone's financial situation is different..
Man, I was with you all the way until you started calling someone out of their name. I know you’re better than that. You wouldn’t want your people called out their name just because they disagreed with someone.
Short man complex.
He is not better than that, though 😂
I commented earlier.. When he's triggered, he loses it. As a "public figure", being a content creator, you must be willing to accept criticism. As you are so willing to give it. Which is exercised more often than not, in the case of Mr.Daniels. Empathy to us as an audience , or the approach thereof, has to be in play. Sensitivity, especially to a people that have continuously suffered from various desensitizing efforts, must be taken into consideration. Again, especially, when one is conveying certain unfamiliar thought processes. This rant towards the end of his presentation, was uncalled for and detracts away from his messaging
Unless, he is unconcerned about the masses and instead, has decided to direct his energy towards people of both his mindset and the vulgarity of his attitude. If that is the case, we must block out the negative noise or abdicate our support for his channel. It is disturbing. However, if I may recommend a financial support mechanism, I would implore you to get a copy of Investing for Dummies. I have it and what it will do is to give you an overview, as to the assortment of investment vehicles that are out there and explain in detail, their functionality. Thanks for allowing me the time and space for a rebuttal. You are never alone !!! 🖐️😊👍🏽☮️
You crybabies and brokies are something else. Get rekt!
$100k liquid is stupid period. I keep about $50k liquid and everything else is in real estate and retirement accounts.
You right, last generation to fill out Fasfa, apply for foodstamps,housing, pell grants! You are so right! I have talked with people about this before and they have looked at me crazy for saying this. I know people who will work part time because they don’t want to lose their housing and foot stamps. I couldn’t get mad because it’s a mindset. You either have it or you don’t. You either want better, adjust and grow or stay stagnant! There is way to much information but a lot of information can paralyze people. But you have to stay hungry or starve!
I do believe 100k isn't enough, especially in this economy. 100k will not buy a home unless you live rural. If you own a home, brace yourself for the tax increases. It is designed now to keep you renting. Black people have to really rethink our situation because winter is here.
100k is more than enough stop trying to live above your means. With 100k you can easily go to trade school, finish a in demand degree to make more money and be able to save more than that 100k. Yall are just terrible with money.
Most never seen a 100k though start with getting people to save 5k
I needed this this morning
Anton is really HIM!
100k isn’t enough to retire on. I would agree with that. With that said, most people will never feel 100 percent secure when it comes to finances.
Building with cash is not efficient. In order to scale you do need financing and investors. I’m a syndicator . We invest in apartment buildings. No developer is putting up $100 million but we’ve loaned out that much on one deal.
No one should be paying cash for an investment property
Fr
I totally disagree with Anton on this. Having 100k in your savings is not a bad thing. It all comes down to lifestyle. And you can buy a brand new damn good car for less than 40k.stop talking out of your ass Anton. Not everyone can afford a fucking Bentley, ferrari or an expensive vehicle. So stop with the bullshit. I would put my Toyota corolla up against any of those expensive cars out there and guarantee that it will last just as long and go just as far if not longer or farther than any vehicle out there.
Agree
You’re right! A 100k is a lot of fucking money. If someone need’s Mercedes BMW and Gucci every day hey, buddy they are living a totally different lifestyle. Why can’t someone live nice with a $100k in cash and steady income coming in, while living a normal lifestyle. These dudes are capping . What normal person needs over $600,000 to live comfortably 😂 this is terrible advice. Why do we need a million dollar home and Bentleys??? This just doesn’t make any sense.
FACTS...Anton makes some good points, but it seems like he places standards of wealth on the material because of what it can buy, cars, nice clothing, expensive watches, and many other luxury items, There are millionaires and billionaires who would make Anton bank account and assets look minuscule by comparison and they could care less about the material, Warren Buffet and Charlie Munger comes to mind, two extremely wealthy guys who look like old retired geezers living off of social security and a small pension alone, They will even tell you that having at least 6 month worth of expenses saved in a emergency account and obtaining a 100k net worth is a vital achievement in building financial security
Most people don’t even make $100k….
It’s nothing in the Bay Area
I feel ANTON… if I had $100,000 I’m spending 98% of it on a APPRECIATIVE ASSET! Them people told me, it’ll take me a year to begin buying with credit. I showed up with cash & they ALWAYS LOOK THE OTHER WAY… CASH RULES♠️
100 thousand dollars to people like yourself that got your first it's a good start don't ever not anybody from saving a thousand dollars you were broke 10 years ago why are you looking down on people like that. So what if I had $1,000 to my name would that be better just because you're finally made it past that threshold don't knock the other person that's trying to start from scraps
I thought the same. I'm in Michigan and saved 100k. That 100k goes a long way
Hes just tryna keep it real with yall n tell u to keep goin but word i just moved to michigan from ny n i got a qm for sure i can stretch it for a long bit but its still not enough for me to feel truly financially safe considering inflation, even 5-6 years ago 100k was prob worth 116,000 today.
Ayo Anton looking forward to a video on what to do for the people who are met postive.
@35:00 - Also some have the attitude that nobody did it for me so I don't have to do it for my children.
100K is middle class money now. These are facts!! 300K is the new 100K. You need about 300K to build on now🤷🏽♂️
Speaking straight truth. 💯
The more money you have the more easy it is to get more, 100k is a good start, if you can get up to 300k you should expect about 40k-50k return a year
Ahhhh ...not offensive...once you have it, and you start getting into other things you want to put some of that money into, you realize you still have to keep going. To your point about real estate...i found cheaper stick built homes i could get into, but i realized how much repairs could add up to, and so i made a decision to start out with mobile homes (cheaper form of real estate that wouldnt put as much money at risk...because 100k can get gobbled up very quickly with stick built homes). I know for me as I have made more, and continued to learn more and figure out where I can grow money, I realize....gotta keep going to keep growing...and yes...it's still achievement....but clap, feel good, and then keep going.
Reading it, hearing it and then saying it yourself will make you rethink your investment strategy.
Im homeless ji could use it very well l AND BE THXNKFUL YOU HAVE YO BE THERE TO UNDERSTAND✝️
Facts. One hundred thousand dollars is not a lot in 2024.
My brother and I just spoke about this.
Can you let the gentlemen speak without interrupting and allow us to hear the conversation ? Thanks !
Most of our ppl are not financial literate because we don't come from a culture of wealth and financial literacy. Saving up 100k ain't easy. Lets stop the cap and be more realistic. No one ever talks about execution to achieve your goals. With 100k a person should have 4 money management accounts at 25k each. One for bills. A second one for savings. Third for investments. Fourth account for miscellaneous needs. Investments and savings are the most important. Plus knowing how to properly utilize credit can also help you tremendously. Credit is NOT debt when you know how to play the game.
I appreciate your advice. Been watching several videos of yours. Believe it or not, your advice is very similar to Grant Cardone’s. Which I appreciate, because I think he is very clever and folks stay sleeping on his advice!
I have $200K plus now waiting to build an ADU in Los Angeles. Need another $100K. I don’t even think about it cuz it’ll be spent in a year or two. But the life time residual for my. Kids will be great. 😊