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12,711 Views • Jul 1, 2024 • Click to toggle off description
Views : 12,711
Genre: Education
Uploaded At Jul 1, 2024 ^^
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Rating : 4.958 (7/663 LTDR)
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User score: 98.44- Masterpiece Video
RYD date created : 2024-07-07T10:46:17.501589Z
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30 Comments
Top Comments of this video!! :3
Saving money is just delayed spending. It’s very difficult to deploy money with perfect timing, yet one should try to do their best.
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Buying investment properties is, well, investment, with the same drawbacks and challenges as any investment. Your ROI on real estate might be higher, but risks are also higher. And it doesn't not completely liberates you from a job, managing properties becomes your job. Instead of just enjoying your life, you do house hacking (i.e. living in a place you hate), work as a handyman on the weekends, and so on. It's good if that's your thing, but really bad if you hate it and have a difficulty returning to a job market.
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I dont believe you 😢
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Learning what to do with the money... financial literacy! Yes, finally learned this!!!
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Question what if I bought my home already and want to buy a second one as rental but don’t have cash for the second one but have equity in the first.
Would recommend for me to:
a. Use the equity in the first?
b. Save cash again to buy another?
Currently in California the homes are at an ok price range but the APRs are high.
I can’t seem to find a way to learn to jump to that next step. I have been watching your videos since you started thank you.
A video specifically on getting to the second home will help me learn the ropes to continue owning rentals.
I appreciate your time and content Gabe!!!! 🙏
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Love your video, man. Thank you.
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This is a good one. Thank you. :-)
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The problem is everything goes up except your paycheck.
And as a retiree I know now how it feels to be earning a lot less and making income that will NEVER get a pay-rise. And in five years I'll go from poverty-wages to destitution-wages thanks to income leveling, which almost no-one can afford to not take advantage of.
The only way I'm able to save is to look for ways to not spend as much on basic necessities. Moved to a different state to save on rent but as it's early I've no idea how much more I'll be spending on electricity compared to before, which was quite manageable. Going from a mild-Winter state to one where Winter will be an issue...?
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If you can't save money, you will never be rich... What you keep make for you freedom.
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Even if You don't have a Credit Card, saving Money doesn't last
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How did you get your 2nd rental property after your 1st?
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25k for rental property?
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Listening and agreeing with the idea… We aren’t in Canada anymore Toto…
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save, then invest —— let your $ compound
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Ok grey 😍
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Not entirely true.
Save 50% and you should be financially independent in about 10-15 years. 75% and you should be financially independent in about 7-10 years roughly. Depends on market ect. And... I mean... if you like your current wage equivalent. Longer if you want more as being financially independent.
Yep... thats not easy. But you can. Most people with a couple million or less did it by saving or owning a small business. They worked hard. Most people who have 10s or hundreds of millions probably did it with a business.
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Ur hair went so grey
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😂 I am financially independent, I dont make a million dollars and I make slightly over the average in my field. Its all about your habits and how you self control yourself. I am also in my 20
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@Steve-Duh-Rino
3 months ago
The old adage ‘It takes money to make money’
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