Personal Finance Plan to Become a Millionaire and Retire Early w/ Jeremy Schneider (MI053)
ฝัง
- เผยแพร่เมื่อ 11 ส.ค. 2020
- Robert Leonard sits down with Jeremy Schneider to get his insights on personal finance, and his useful strategies for building wealth for the millennial generation. Jeremy is a successful entrepreneur and software developer, and the founder of Personal Finance Club, a resource that aims to aid investors in the most effective path to building wealth.
IN THIS EPISODE, YOU'LL LEARN:
- The three life-long habits to form in order to build wealth and stay wealthy
- A six-step personal finance plan to become a millionaire
- Rules for smart investing
- How to minimize or pay off debt
- Some approaches to investing in the stock market
- The first thing you should do to get started on your wealth building journey
And much, much more!
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Guys check the ads numbers when you upload videos because they are way too many in this one!!
He had some good points but I disagree with the Dave Ramsey mindset. If my debt interest is under 4% then I'm perfectly fine with putting that money to work in the stock market...
I agree with you. I think the issue is the typical American is a all or nothing mindset. So Dave teaches no debt at all, because most of us have no will power.
I love the show but there is alot of adds on this one more than usual
OFFWORKSPORTS OFFWORKSPORTS insane, an add every 5 minutes
Adblocker. If a channel abuses ad frequency, I have no guilt using it.
The world isn't such a simple place. And this guy has been "rich" for 10 minutes. Where in the economic cycle are we? How cheap is money? Is inflation or deflation coming? Where are real rates at? All of these things might impact whether you should be borrowing "cheap" money at low rates OR paying down all debt ASAP, or myriad other scenarios. Just sitting on a pile of cash (nothing more than IOUs) isn't a good thing in and of itself. Under massive deflation, sure, give me dollars. Under massive inflation? Under stagflation? Negative real rates? Etc. Even diversification isn't straight forward - into what? Why? When? As an example, someone with "2 million in their bank account" might not "stay wealthy" if their currency collapses (see Lebanon, Turkey, Argentina, etc).
you are making it complicated
Got even better, this dude wouldn't take a $2m dollar loan at .7%!? Risk adjusted that makes more sense than ANY investment he is currently in. If you don't understand REAL RATES, you don't understand how to invest - in any part of the cycle, PERIOD.
Yeah that was the crazy part, I mean he does know that not assets are correlated with the general stock market right? And margin really isn't an issue at that rate unless the stock market drops to great depression levels.
@@MrHavy09 Even If that depression does come, it shouldn't be hard for anyone to pay a 0.7% rate with their own salary... It's actually dumb to be thinking that a 0.7% loan is bad...