Earn Your Leisure Say You Need At Least $10 Million To Be Comfortable, Wealthy In Today's Economy 😳
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Black folks cant build wealth until we have the family unit together!!! We have to combine incomes and resources first, before we can even begin to talk about building wealth as a whole!!
I agree you
You dont have to combine resources, you just have to be agressive in the stock market, it would be nice to combine income but most women arent into building or at least modern women.
True dat…we have a long way to go
This is never occurring in humanity. This race is the one who‘s fated to be used as an example of what not to do for the others. It simply is so.
Music industry forked the family unit with Aleister Crowley teachings.. when the British invasion came over... So the white family is gone unless Christ is in the home growing up entertainment and alcohol ruined white lives..... The government made crack hoping that it would destroy the black communities and keep them poor and in control and controlled underneath a certain device... Satan uses devices to control people that's why drugs are allowed in society that's why they're promoting it That's why they're legalizing it drugs opens up the minds to demons.... Read the scriptures do your research.
Without lies Islam dies.
To control the future target the children today it's the Illuminati way.
I’ve been making about 80 thousand tax free for 7 years straight and feel free and fulfilled. I own my home and have a car . I do what I please and I feel like what I do on a daily basis fulfills my life.
Middle class mindset differs than one with a wealth mindset
@@jsanders2004 who cares I’m healthy and I don’t have to work . Y’all the ones that work day and night getting bald and fat .I haven’t had to work in 8 years. I spend time with my kids buy them whatever. And if they want to go to college that’s covered. What’s the difference between a wealthy persons life and mine besides him being less attractive physically to women
Yes, that's what counts. There's a saying that goes if you love what you do for a living you dont work a day in your life
Most Americans can't access 1k hard cash. Need more content to get people to 1-100k before debating wealth.
Men lie ,women lie but the numbers don't lie . This is crazy and nothing but fake aspirations.
🎯
I think a more realistic number is $2.5 million with 10% of that annually as passive income. This also implies being debt free and not living above your means.
I agree
@pookiesfriendrayray7086 Yeah with inflation, wouldn't knowing your yearly expenses count also. So depending of what kind of lifestyle a person is maintaining.
@pookiesfriendrayray7086 Rayray...$2.5 million generating around $250,000 annually as passive income means I'd never have to touch the original $2.5 million.
I agree
I could live off 1 million because I would reinvest 200k into future tech stocks and make a extra 3 or 4 million all you need is one good hit and then reinvest
I'm almost financially free, & I don't even have 20k... Yet!
Staying under a bridge with no kids saved me - I thank the most high!
This conversation lacks context. Generally speaking, the lump sum of money needed to support a person comfortably, according to the 4 percent annual withdrawal rule, is about 25 times estimated annual living expenses. So, a $10 million dollar beginning capital requirement suggests a person has annual living expenses of $400,000. That is probably excessive for most people and irresponsible of Earn Your Leisure to put that out there as a suggestion. The proper approach would have been to give the people a formula or equation for determining their own beginning capital requirement for a comfortable life.
Financially free depends on how many bills you have!
Im over $1 million now and I don’t feel rich at all 😂😂
I heard that your never feel rich.
Everyday millionaire aka millionaires next door does hit different in this era
I'm almost at $1M networth and its just upper middle class today. I read an article that says $2.6M is the beginning of wealthy.
$10 million is out of reach for 95% of black American people.
95% of everyone
if you can believe it, you can conceived. I would love to have 10 million a month.
Everyone
That frame of mind will get you Nowhere. Anything is possible especially if you believe it to be true.
Dave Ramsey once said having a $10,000,000 or more networth really changes your life.
I like the earn your leisure guys, they NEVER be on goofy shit nor talk down on ppl. Strictly bag talk.
Todays economy i would say a lot more than that. And not the fake millionaires who use equity from houses they owe big loans on. Im talking about liquid from stocks and paid off assets
Man you do not need 10 million for financial freedom. Maybe if you have 8mill in debt or for a person who’s already living a millionaires lifestyle. The average person actively working towards retirement absolutely not. It’s called financial/retirement planning and it’s specific for the individual person needs.
Mrs and I have a little over 1million. Luckily with SSA and the pensions we accumulated over the years we won't need to touch principal. Others think we wealthy. I think we have achieved some sort of financial freedom but our attitude is we can do better.
Wealthy is like 100 to 200 m’s liquid. Rich is like $10 million if u know how to manage it and can generate atleast 500k annually. Just my opinion. A million is still a helluva cushion to flip though…….most I’ve ever had is about 60k and that’s while still paying child support without knowing about having a business to pay myself a meager salary.
In my late 30s and not broke but damn sure have nothin to Bragg about….maybe my next few moves will be my best moves 🙏🏿
Better hurry homie, without a wealth transfer from a boomer it’s gonna be curtains!
@@coachcarroll963 it’s not over till it’s over. Besides I didn’t say what I make every month currently, what my investments are or my current net worth but thanks I guess
@@coachcarroll963
67% of working Americans have % 1,500 or less in savings
You better than most, most people are broke. Count your blessings.
It's good seeing Anton at 207k subs. I make my own number and my own rules. Everything seemed like good advice other than millionaires not dressing the part . Most millionaires just don't even care about all of the shine. Everyone has their vice. Could be clothes ,cars, boats trips. It doesn't have to be all the above .Just my take !
All fronting and trash talk; pseudo millionaires and wealthy people bragging
Exactly boss. It's corny now.
U can have financial freedom with no debt and passive income, EYL sounds like they want to help you (them) with a pathway to 10 mil
💯
Naw, They said they were asked a question and they gave their personal opinion. I agree with you but the numbers are different for everybody
I believe their goal is to have people change their mindset and strive to reach for the stars, then they might land on the moon. That’s better than where most people are today.
Below a million is not a huge problem if you continue to work. I have a family member that is doing just fine with ssn and a bi-weekly check.
Exactly, dude talking about 10 million smh. Greedy is what they are, i know a guy who has over $750,000 and he still works a job 12 hours a day 3 days a week and is living great.
My dad isn’t rich, but he retired with a CRAZY pension & they’re chilling. So pass me with this goofy 🤬 number
@@AntTurner Look at retired sports players turned analyst. There not exactly on a beach reading a book or on the golf course everyday. Jeff Bezos still conducts business. More Cash/Equity = security. Realistic 500k-1M with Income at a retirement age is more than sustainable.
I diisagree it depends on your life style, im 57 years old I would be alwright with 3millliom
Yes!!! Exactly A Honda Accord does cost $30,000 used and also a Nissan Maxima is at the same price as well I just got Finished buying a car 🚗....................it's crazy out here Anton Daniels
Cooooooking... Yooo I Appreciate You AD... Real Talk I Got Comfortable In Being A Veteran. Now I'm Applying Ya Teachings In Life Everyday.
Even Got A Job To Supplement My Income And Pay Of This Debt Which Is One Of Ya First Steps When Making A Financial Elevation...
I'm 34 And Been Raising My 3 Seeds Alone For Years After A Failed Marriage.
I Gotta Get It.... Much Appreciated.
It’s depends on your DEBTS PEOPLE! Everyone’s number is different!
Funny how these investing channels never tell you about getting skills to get higher paying job, or putting that money in Bonds with locked interest rates, less taxes, earn compound interest, to hedge inflation. Instead, it's more about "give me your money, so I can get rich - by me making you think you're going to get rich"
🎯
I also thought that. Thought it was just me.
Thank you brother A.D. Your messages are much appreciated. Please keep us informed and up to date so we can make a more knowledgeable decision(s). Thanks again 👍🙏
this is probably one of the worst places to seek real financial advise
$2 million & debt free with income coming in from investments or something. You’ll be good. EYL BIG cap. $10 million 🤦🏾♂️
Debt free is a huge factor
This makes sense, people discount or do not realize how much it cost to stay alive in our 80’s and 90’s. Private in home care for 10 hours a day for 30-40 per hour add up quick.
You can’t buy anything with your net worth though. You need cash and credit.
Just a whole line of false prophets
You never get comfortable. If your physically able you're going to keep grinding. It's that day you can't go and you need to have your finances in order. And you need securities and insurance to cover you.
What he said about the Honda Accord is correct. If you want a vehicle that is three to four years old. The cost is only three to seven thousand dollars more to get a brand-new vehicle. I was going to get a 2021 Toyota Corolla for driving to work and save money instead of driving my 4Runner and the price difference between the 2021 and the 2024, with the same options, was just three thousand dollars.
Wow
Excellent segment on where we should be mentally and financially as it relates to our present and future
The mistake Black People are making is constantly listening to the youtube talking heads. These people will have you believing you are failing at life.
I am considered low income because I live in a wealthy area. But, I’m living my best life!
Nobody needs 10 million dollars. Ppl, need hugs, water and food
I don’t speak like this publicly or privately because I hate gossip culture but it’s so obvious that the 2 names I listed all the most intellectually curious. They actually discipline self and put in hours into study academic and political contents
$1 million at 5-6% roi in real estate is $50-60k/year which makes you live well in a low cost of living country, just don't live in places like NYC/LA long term, you don't need no $10mill+ feel free.
To each his own. It may take $10m for some to live comfortably. Give me $500k and I'm living my best life 💯
One reason why I don’t even think becoming a millionaire is all that. Maybe as a young buck. But being a millionaire (1 million) over 40 isn’t a huge deal anymore unless you have that in cash. Then it means a bit more because you could easily leverage that cash into several million dollars of cashflow assets.
They are saying freedom to travel the world and drive a 100 k plus vehicle and live in a 500 k plus home with a vacation home…
Inflation,debt,interest rates and hoarding wealth at the top makes 10 million in net worth impossible for 99 percent of the population thus the 1 percenters .
27:40 got me in fucking tears bro why he just start drilling on them like that
We need a highlights reel of Anton's best insults... 😂
It is a sin to be broke … i love that quote
If you stay in America. But in most other countries say for example Colombia or Brazil $3 million let alone $5 million should be way more than enough.
WE AL CAN'T BE WEALTHY --- THERE WIL ALWAYS BE A SMALL % OF PEOPLE WHO ARE WEALTHY --- MOST OF US CAN WORK HARDER AND SMARTER TO IMPROVE OUR FINANCIAL CONDITION WITHIN REASONABLE PRACTICAL LIMITS, BUT STOP SELLING PEOPLE A DELUSION THAT WE CAN ALL BE RICH AND INDEPENDENTLY WEALTHY --- THE KEY TO HAPPINESS IS TO DREAM REALISTICALLY, NOT DELUSIONALLY ---
Yes average price for a 2020 Honda Accord is about 30k.
If the standard is living an UPPER class lifestyle and being able to live exclusively on equity and not have to work or invest ever again and raising a family at that level then I’d agree around $10 million for a man 35 or under is about right. Can probably get away with 5 -7 million over 50 though.
I don't mind the 10 Million mark but don't make up used car prices
A 2021 Honda Accord is around 30k. Look it up
@@NightRidah777 2021 is Considered pre-owned.
I have a 2014 Honda Accord I own it now. No way my Honda Accord cost over 10k with 153k miles
1M is the new 100k
That’s an incomplete statement to say you need 10 mil to be comfortable. Got to explain to the peoples that your not paying for your lifestyle from the 10 mil but from the interest the 10 mil is earning.
The amount of earned interest is the number that people need to earn to be comfortable.
Be transparent.
Yep the number was 5 million about 15 years ago so this is correct.
$10m’s I just started making $70k as a Hvac Instructor.
Used car Market is ⬆️ and its crazy. Higher mileage used car or buy new but the price gap will be within 20k which is mind boggling
And did you know guys in certain parts of the country regarding real estate in particular there is a network of people who look out for each other that are in power positions, such as the county auditor, connecting with someone that they’re cool with when homes don’t go or properties are not release from sheriff sale . Those properties will sometimes not go back to the next sheriff sale. They’ll release it for less than what you would’ve paid for it to one of their friends and guess what, their friends and the people in those positions do not look like us .that’s what’s going on in Cuyahoga county Ohio.
Don't you just love ohio the more you know
Check this you hit em this time.😊😊😊😊😊
I'm working on getting to wealth right now in my businesses, and I know this, A J.O.B. DOES NOT GET YOU TO WEALTH!!!!
We need more of this financial talk and leave the "Basketball Wives" nonsense in the streets.
Earn your leisure. They sound like a legit business. I should invest my life savings with them. I want silk pjs n a AP.
😂
Didn't listen to the full video until after listening to richard fain video about it. I agree with you 1000%.
10 mil? I disagree, maybe 20-25. As a business owner, I can say I’ve blown through several million In payroll & equipment costs alone. Even though that amount would be nice to have, for the average person, that’s about the amount it costs in re-investment into the company, payroll, and/or paying off creditors & taxes. If we’re speaking on real wealth. If you don’t have atleast 25 million in purely disposable income, you’re not wealthy, sorry to say. You more or less fall into the category of “well off” but not wealthy.
Agree
I say more you need to make that yearly because net worth means nothing fine a way to make that yearly
Bingo thats why people keep looking at this wrong.
They too focus on Revenue or Gross Pay
I focus on the number as a Net pay or Pure profit after all expenses and taxes have been paid,
I say POST tax 10 million is good. But no revenue or gross pay
I've found Honda accords for under 20k in most cases under 15k..
Shhh 1 million in cd for 5% every six months 50grand. Flip it every year. You got 100k, after taxes 70-75k
Chevy Malibu 2020 15k
Preach bro!!! This what we need more of Money literacy!!!
Great Content
I Love this
great segment.. the conversations in the chat are good as well
Yes, if you are living in LA or NYC or Hawaii 😂😂😂😂😂😂😂
Very true
Used Honda's are much cheaper. Even a year old.
Some of it is true and some of it is not true because I can go on Facebook mark place and get that same exact car for like 5 or 6 I think it depends on your lifestyle and how you live
I don’t know where this dude lives, so i will go by where I live. Dallas Texas. Used Honda accords arent going for 30k or more. What exactly does he mean? Are we talking CA, Florida, New York, etc? You can give a broad statement like that because people from all over are watching and people with different iq’s. You can still find a decent used car between 12 and 20k. What do you mean by used? Are we talking used high end? That Honda example was bad. I here to learn/get introspect, but to suggest you can’t get a decent car for less than 30k is ridiculous. If that’s not what he’s suggesting, be specific.
Some Honda accords cost 30k used you can get one for 10k lol
If you didn't see it, why are you commenting on it?
Everything is relative that’s y everyone has a difference of opinion.
Mismanagement of funds
You do need heavy Millions
Dam Anton cooked this morning 🤌🏽😮💨
$10 million net worth is the beginning of wealth. I'm a Series 7 registered broker with 14 years brokerage experience, 18 years financial industry experience and I've communicated directly with over 80k investors worldwide with account values up to $35 million.
Any courses you recommend working towards my 7 now
@@minnesotamatt1980you gotta be with a financial firm to secure your licenses with FINRA
Incorrect Anton… These millionaires that don’t wear their money understand that labels don’t bring more money… $700 pair of shoes vs. $80 = $620 left to invest or buy more shoes…
Peach
The was one of the best segments. Anton spot on.
I heard Mark Cuban throw that number out there a few years back.
Money, Religion, and Politics
Religion, politics and abortion is the trifecta you don't talk about.
Its funny how folks parents die and leave them hella money then they get out here trying to school people on how to get money like their money geniuses 😂
❤@Anton. It's hard for a rich man to get in the kingdom,and eacy for a camal to go through a eye of a needle. The poor u u @Anton. The poor u have w/u always!
True Financial Freedom is having residual income that equals a certain number every month post tax.
Lets say you make 2.5 million a month from Rental property and stocks. An all taxes are paid and expenses have already been paid.
That 2.5 million a month. Is financially freedom you could literally love off the income net pay 2.5 a month and the other 11 months you can literally save or invest until you saved up enough money to save up atleast 10 million a year post tax to last you the next 40 to 50 years.
EYL rarely knows wtf they talking about.
Master investor aka IAN DUNLAP THE GOAT NO CAP
AIN'T KNOW SUCH THING AS FINANCIAL FREEDOM.
Finacial wisdom from EYL sometime happens... Not on this one, as in others of their invitees methods. Financial sensationalism os their expertise
Go to the car auction. Bought a toyota Camry for 4200.00..120,000 miles though
No lies told ✊🏾
You can invest your way into wealth that’s the slowest way. 401k and brokerage account
I don't know who he is, but he's absolutely right in what he's saying.
This the best one yet 💕
Not you preaching! They should teach this more in black churches!
Depending on your location and what year is the Honda Accord.