How this 38-year-old went from deep poverty to millionaire | FIRE Starters
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- เผยแพร่เมื่อ 1 พ.ย. 2021
- After a childhood with housing insecurity, Kevin "KAYR" Robinson became a landlord and business owner who remained frugal even as his net worth soared to several million dollars.
Shot, produced and edited by: Jennifer Weiss
Supervising producer: Ellie Ismailidou
Graphics: Laura Salaberry
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has he done a Ted Talk??? OMG My mind is blown. He's single-handedly cleared his entire family's trajectory.
fake people go on ted talks he is real
@@BlackMamba-lt8oe not true, I actually know someone who did one and she's a very well respected physician. At any rate, the content of the segment is what's important.
@@BlackMamba-lt8oe that sounds like something someone who has never watched Ted Talks would say
"I'm a frugal person and I love routines and to buy in bulk." Translation: save your money, be consistent and buy low. This is good.
This guy has it going on… reading is one of the keys to success .
Yes it is, but bookstores aren't the library and how are authors ever supposed to earn a living if people read the book for free and don't buy it. (Obviously he was in 8th Grade and no author would begrudge an 8th grader a free book, in fact they'd probably mail them one, but this kind of excessive parsimony into adulthood, and especially by the wealthy, isn't helpful. All labour has value and must be valued. He does seem like a very decent man, I hasten to add.
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@Gaelle Future Nurse Yes it's usually a fundraiser for the library where they sell off discarded books, or perhaps it was a library where they also sell books. Either way up libraries and up bookstores and up buying books and reading!
@@THEAnakanaSchofield the authors have already made their money via the bookstore's purchase of their work (usually many copies). It's the bookstore that now has to make a profit off of the inventory (books) it has.
As long as he is not reading Marketwatch/ DNC anti success propaganda online.
"I'm going to master this material. No one is going to know more than me"......POWERFUL! 💣💯🖤
i thought the same thing. To say that at any age but as a young person? Wow, he is really inspirational.
So many people telling me we're stuck, I don't want to believe that garbage. I'm glad people like KAYR are sharing their stories, it keeps my motivation going. I may not become a real estate tycoon, but I can make my money and not be trapped in poverty.
This man should write a book on his life and his come-up. I'd read that book.
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I agree
100%
yes me too
What am I missing? Not being sarcastic. I'm legitimately asking. From his description, he didn't have much but he was never responsible for the lives of others. He did what most poor people tell their kids to do: focus on education and use it to get out. He started with a clean slate. I'm not saying he didn't work hard, just that the nothing to something title feels misleading.
Hes humble as hell and has earned his stripes. RESPECKTT
I agree
@@balancesheet2845 : Is Washington going to take this as he is wealthy?
He reminds me so much of my dad. My dad could read books about anything and learn how to do it. He started off as a small town kid, went to med school, and invested wisely. Kudos. He has done a great job!
I agree
ALRIGHTTTTTTT dad are you as smart as him?
I love how he points to the business books section as where it all started. Reading is life-changing. I'm an Asian guy living in Hong Kong but guys like him are my spiritual soul mates.
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Nice brother 👍🏾. I yearn to be finally free like him as well especially with his family. Really inspiring
I grew up on welfare in a single family home. I did not graduate from college, but dropped out when the company I was interning for hired me full time. I have been with the same company now for over 26 years. I am already a multimillionaire. I worked hard, saved and invested. I still have another 17 years to go before retirement.
@@mocheen4837 Hi. Please did I become a millionaire solely from your job ? I'd really like to know! Thanks for it answer.
I like the spiritual soulmate idea 💡
Pray for this sort of family to become ever increasing in America.
I wanted to let people know that you don’t have to be college or even high school educated to become a millionaire. I had LESS than a sixth grade education and became a millionaire by the time I was 32 after starting my own business from scratch. I had absolutely no training. Just determination and desire. Don’t let anyone tell you you can’t do something. I manifested that money. I manifested the business that created the ability to live the life I wanted to live. You can do what you believe you can do. I don’t care what age, race or gender you are. You can do have and be anything you desire.
Yeah well tell us what you did and in what country!
Thank you for the motivation, sis.
Hi Bailey! Congrats!! Do you have a program that teaches others how to create wealth? If so, I would love to learn from you.
Thank you! Do you have instagram?
Thank you 😊 and God Bless you
Love how he has his family involved, the closeness! Positive black male role model, we need more of this! Also, financial literacy & teaching those around him! 👏 👏 👏
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When the housing market is monopolized by big investment companies or smaller investors it hurts the younger generation who are looking to purchase a home but are forced to rent from these investors. Most people aren’t gonna have 105 properties, sadly they’ll be fortunate enough to get one.
Or just A good role model. I wouldn't have thought about his race if you hadn't drawn attention to it here. He's just an American to me.
I think financial literacy is #1. If anything else, that needs to be taught.
@Internaunt Group He mentions his race and how it influences his investment philosophy of Transformational Wealth (aside from Generational Wealth). He is a Black person within the US. He himself mentions its inclusion in his decision making. It isn’t bad or scary to mention the existence and thus impact of race.
Really inspiring, wearing cheap clothing & having a simple lifestyle doesn't mean that they're poor. Never judge a person by their outlook.
Exactly
So so true! He can afford a name brand but no he’s wearing a hoodie
So what is the purpose of having money if you eat cheap food and staying like homeless just to see millions in the bank ?
@@jojofresh1019 Better than the homeless & broke one. You are obviously someone who know nothing about the crisis in this world now. NVM
@@jojofresh1019 It's the wisest move when one is starting out broke and busted. Then when one acquires enough money, it becomes a personal choice whether to save or spend more for things you normally buy. The trick is knowing how much of a markup businesses make off of you on the same item they sell in different locations. It becomes a game of choices. Who do you want to making more money off of you by your spending habits? It's a different perspective on money and life.
I love how he said you give strangers multiple chances. Why not take that risk on your loved ones.
He’s naturally passionate about finances and business. That is also key to his success. He didn’t feel like he was missing out when he chose books over sports. This is his destiny from birth.
And this is what REAL money looks like! Nothing flashy just knowledge
Similar story to mine! Just retired myself in 2020 off of Real Estate. Grew up relatively poor and now a millionaire and retired by 35! Great story and congratulations!
Great to hear 👍🏽
Speak directly to the ☝️☝️contact above and make up to $30500 weekly.. All thanks to M W who introduced him to me here on TH-cam_
Love that they showed them praying before their meal and that these brothers are getting ahead and make it happen, PTL!
This is such a mindful person creating wealth with a strong sense of purpose
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goa
This is the correct, time-tested way to build wealth : hardwork and never give up. Not just looking for instant fame (and wealth) on social media platforms. That will do, too, of course, for a small percentage of billions of people out there. But even so, when things started to crumble, your life will spiralled down the way because you don't have the foundation this gentleman and other milliona-, billionaires has. They are forged in the flame of hardship and had learnt there's no easy way out. They are warriors capable of fighting their way out of poverty-and anything life throws at them. They don't give in to instant gratification. Oh they also equipped themselves with practical skill and knowledge.
This is how my dad and other older generations fight their way out, which has sadly been forgotten these days.
I love these stories. So inspirational, the 42 that dislike are jealous
Exactly 💯
Barnes and Nobles used to be my favorite library:)
Best Firestarter video yet. So impressed with his approach to losing the wealth gap in his community.
A great male role model 🙋. He should write a book about his real estate success 🤗
Graham Stephan will LOVE this guy. I mean, he doesn't buy ice cream! He just eats frozen grapes!!!!
I wish more families would do this together
@Gaelle Future Nurse same here…..
they cant because people like him are landlords and make poor people rent
@@adamek9750 How is he "making" poor people rent? Most regular home owners are looking for single family homes not multi family housing. In other words there is space for both types of owners in the market
@@dollhouseq1530 think about it. If more people did this more people obviously would be renters. The poor thing depends on how greedy the landlod is ie raising rent way beyond the increase in property taxes. It does make me squeamish as well people trying to make money off housing which should be a basic affordable right. Also SFH are in low supply and expensive depending on the area so more people would turn to these units or moving in with family if this craziness continues. I don't have a problem with landlords but when they have tons of homes/units to me it is when is it enough?
Love this an inspiration to black boys. As a teacher I love your story. Will use it to motivate my students kids need to see this instead of filling their minds with negativity.
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So... Black people can only inspire people if their skin is the same color???? Wrong!!!!!!!!!!!!
No I am not saying black people can only inspire black people. White people inspire me too. Actually I would love to have a sit down with Mr. JOE BIDEN. I am not trying to make white people feel bad. I was just making a point. Don't take it too personal it's not that deep. Thank you
Excellent message. Kudos to him for starting his financial education early and passing on what he learned, to others. A lot of people talk about creating generational wealth for their children, but fail to educate their children about money along the way.
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Loved the fact they showed him and his folks praying before they ate. Praise the Lord! 🙌🏾
Man, this guy just sounds awesome! Changed everyone in his family
I love the fact that the potential renters are interviewed at their place, that way you get an idea if they are neat and how they will treat your property.
It's always real estate. Always. Which is fine but we as a society should be careful about what happens when we make real estate the only worthwhile investment.
@Killer Miser nothing inherently wrong with real estate. But are there really enough houses for EVERYBODY to become a real estate mogul? Even if we ramed up housing production and housing values never ever went down and increased forever, would there be enough houses for everyone who wanted to to own 100 houses and start a real estate business? That's probably why housing costs are so high right now, people trying to buy a family home are competing with investors buying their 500th property, and there's simply not enough
What an inspiration and also a blessing, he’s not keeping it to himself, he’s teaching his family and hiring them. 😎
That part of hiring family members worked for him but for a larger majority of Africans its hard to hire a relative and deliver well.Many expect to get free money from you hence sabotaging the projects.
Love this story. Yet another example that with positive, focused mindset, not succumbing to any kind of head trash =winning.
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I agree
I love this guy’s energy
You have a high net worth, and you’re using your rental income to pay down your student loan debt and mantain your life. On the business side you are taking advantage of the tax benefits from ur rental portfolio, and ur still considered fire, but it’s probably time to refi or sell a few properties u have from ‘09 so u can become debt free. U paying that 1200 a month and having that interest bearing account isnt making money for u its taking away. Because 1200 a month put into an investment account can make u a millionaire again in 14 years. But that is very impressive
@Glenda Stevens if the s&p is historically returning 11%, then with your findings he can make that back in 7.4 years. But if he doesnt that is 134k he has taken from his overall networth in a 7yr period. I understand that this debt is only 4-6% but from a financial standpoint it does not make sense. Men and women lie, but numbers dont. So in that same time period you can potentially add 55k to ur networth with paying back wat u will use to clear the debt. Or u can 134k in debt with interest and principal. There os definitely a big difference
@Glenda Stevens what does college has to do with it? Im a ex con from compton with several businesses and a real estate portfolio and basically living off investments too with barely a high school education and no consumer debt. His college education didnt get him to this point like everyone else, his outside education is what did it. He just found what works for him like we all do, and took a risk amd it paid off. I was just commenting and giving props to a black man, because i know how hard it is to even have a real estate portfolio and have a positive networth. Just a lil confused on how him having a high networth, wat does paying an 1200 a month 6% 170k debt does for him. Like i said men and women lie but numbers dont, there is no financial benefit in paying debt if u can pay it off snd in the same timeframe u can make More money.
@Glenda Stevens is there a tax benefit for having the student debt? I’m not sure I understand why he’s keeping it.
@Glenda Stevens i understand that idea if it was an avg earning American living from paycheck to paycheck. But in this video this man is set to have a a few million in net worth. So with what you are saying does not apply to a millionaire. Again, 1200 a month in an investment account at 6% pays way more than paying 1200 a month to a debt bearing account at 6%. Sonif he has to funds the idea is to pay the 170k today to get 290k in the same time frame. This is agreeing with your logic, invest today for the future. So pay the debt because he can afford it and make more profits with the same monthly payments going towards an asset.
Yeah I agree that was a red flag for me when I heard that he had a student loan….somethings not adding up. No reason to have this!
Amazing. Truly inspiring. An entrepreneur that thinks more about the future and raising up disadvantaged communities than living a millionaire lifestyle. This should be taught in every school.
What are my chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?
Sell the apartment before housing prices crash. The Fed is about to reverse QE and start reducing their balance sheet. Which is another reason not to buy a high end home right now, besides the taxes and insurance and upkeep and furnishing costs.
In addition to considering the tax consequences of cashing out $200,000 from your 401K, don't forget the impact of that extra income on your future Medicare premiums. The IRMAA is devastating to those of us who didn't know about it, and cashed out money for a large expense. Also, if you delay your renovations, please check out the health problems associated with gas stoves. The United Kingdom has used them for years, and now discovered that gas stoves can be responsible for a number of respiratory problems, including asthma.
I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
@@kucheranraina9201 I have my funds well diversified by using trade signals from my investment advisor Jennifer Elizabeth Boland a US registered CFA who you might have heard about or seen in the CNBC news and tbh it's been a huge relief. Highly diversified portfolio, mind blowing earnings and little to no engagement at all on my part.
@@rianosherry860 Interesting.. I'd love to start moderate and maybe advance to aggressive. Do you just give her your money or copy manually? I have a full time job. And what does Jennifer Elizabeth Boland charge for her services?
This man has a beautiful spirit. Totally driven, bright and empowering his community and family. Much respect to you Mr. Robinson.
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Watching this reminded me how big of a nothing I am. But… very proud of this young black man. Good job sir, wish u and fam continued success
I think grapes are actually more expensive than ice cream.
Not compared to the doctor bills ;)
@@chillie000 got it! LoL 😆
@@sunflowersamuels767 so true!
Not if you have type II diabetes from ice cream binging.
Not long term
A millionaire with 6 figure debt. I don't know to be proud or disappointed.
that threw me off too.
I’m guessing he is using a huge amount of debt from the banks to finance his rentals. It’s basically a house of cards. The devil is in the details and they didn’t give any.
. I'm from 59th and master but I hung around 40th and spruce and University of Penn campus. Good to see a positive story of a black man who molded his own future instead of living off of what a toxic environment has provided.
As a up and coming investor in Philly. this hit home wit me. He grew up in the bottoms now the whole fam on top literally. Love it!!!
This is exactly what I want and exactly what I’m going for. Looking forward to being on this segment one day
I agree
impressive and inspiring story! and I just love how he includes all his family- they can build wealth together. Great role mode!
He’s a beautiful, intelligent person and I am very happy he’s teaching his family. I wish him and his family continued success. ☮️💟
This is amazing! Thank your mum for first giving you siblings and for raising you all the right way that you can get along on a level where you trust each other with money!!
Proud of you young man what a beautiful story. I love that you include your family. Keep up the good work. May your future and your family's future get even brighter. God Bless you
Literally, this is the goal. So relatable and encouraging, so glad we got to hear his story .thank you🙌🏾
I wish this video was around when I was still teaching. I had Financial Fridays and this would have been a fantastic video to show my students. Very inspiring!
Similar to him I live in west Philly, 52 and Haverford, didn’t grow up with financial literacy, went to college, etc. He is the embodiment of what I strive for. This came at the perfect time. I’m super motivated now! Thank you!!!
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He is a gay..so I guess y'all have alot in common
@@clarissaturcios2346 I didn't say anything about his or my sexuality. Why did you? Was that suppose to be funny
The wisest thing that should be on everyone's mind currently should be. To invest in different streams of income that doesn't depend on government, especially with the current especially with the current economic crises around the world.
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Love this guy and his story. Super inspiring.
This guy proves that your past does not dictate your future. Very inspiring message, especially for all the young kids out there facing a bleak future. Read and arm yourselves with knowledge.
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What is so special about this man, is how he enabled his family to share in his prosperity. He is awesome and is a lesson for us all to help our family and friends.
Awesome story, I love how you never forget your past. My story is very similar as yours, I came from poverty and now I’m building generational wealth. Reading the right books is very important, self education is everything. Thanks for sharing.
This guy is amazing. His story is so inspiring!
I love seeing black people win not only that but changing the family dynamic and bringing your knowledge and wealth to your loved ones as well!! Wonderful
This man is inspiring…he is very humble…. To me, humble people who help people rule the world…
I never learn the finance until I'm broke after spending 100k for my graduate school, but I learnt how to budget and work on side jobs to add up my income so that build my 6 figure net worth in two years.
Loved the Video, I'm happy for this man and his family!!!
Outstanding! This young man is truly a role model.
This man is amazing and unselfish. Impacting the community for change while builder wealth. Nothing better…. Congrats my brother
Such a humble, yet inspiring guy...
THERE'S A LOT OF SMART AND THOUGHTFUL BLACK LIKE THIS ALL OVER THE WORLD. THE MEDIA JUST DON'T EMBRACE IT.
Yes you hit the nail on the head. I loved watching this story as the mainstream media usually love to show stories about rappers with 100 tattoos getting in trouble, etc but there are black men out there doing positive things. Sometimes the black community can shoot themselves in the foot by basically promoting the narrative that a hard working positive black man is a square, boring or soft.
Has nothing to do with blacks....
All you see is skin color?
@@fullchicken4492 If this was a video about the family being a bunch of criminals, you wouldn't comment saying "This have nothing to do with blacks" would you? Ask your self that.....
This dude is ballsy for living in Philadelphia. And for trying to be a landlord there.
Amazing and so awesome you got to share your journey with your family.
Respect..I love the part about keeping the wealth in the family, growing together.
Truly inspirational. One step at a time.
Kudos to him and his family. A family that prays together... stays together.
This is so inspiring and good for you getting your family involved and sharing in the knowledge and wealth!
Speak directly to the ☝️☝️contact above and make up to $30500 weekly.. All thanks to M W who introduced him to me here on TH-cam-
Thanks for the video, the secret of your success is determined by your daily agenda., i pray anybody reading this will be successful in life.
Sometimes i wonder how people get rich at these days.
if you want to be successful have the mindset of the rich,spend less and invest more. don't give up your dreams.
But people don't believe it's true anyone can make money from home online because of the high rates of scams in the business.
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Awesome from one Philadelphian to another!👍🏾
Before even watching the video, I knew it would be real estate
Beautiful ❤️ I love how he included his family and they work together!!!❤️
I really really loved this. He makes me want to do better.
Wow, this dude is so inspirational! I just loved hearing his story of how he created wealth and also how he includes family and is working towards generational wealth
Such an inspiration for sure.. just to think he has acquired so many properties and still live humbly
Man worked his ass off, so much respect.
Moral of the story -- get yourself educated!
Hidden privilege is that he had a loving/stable enough family that his psychological health allowed him to study, not every child would have the mental space to do that. Hurray for loving families!
These are the type of black men needed. Leaders. Good job sir!
He probably sells drugs
Rose that grew from the concrete. Congratulations. This was inspirational. Many blessings
So glad I watched this. Amazing! 👏🏿👏🏿👏🏿
His story is definitely an aspiration and one I'll strive to follow!
Speak directly to the ☝️☝️contact above and make up to $30500 weekly.. All thanks to M W who introduced him to me here on TH-cam,
He must be very leveraged...wonder how much his mortgages are
That's the thing, borrowing is a great idea until the house prices drop.
What an amazing story and hard-working individual, love it!
So humble. That is a virtue in it self. That’s how one should try to be with money, but of course, it’s hard not to be flashy and show you have wealth.
Love how he brought in the family!!!!
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Good for him i love this kind of story and hes sharing his wealth and knowledge with his family and community.
Just bump into this channel. Truly inspirational! Gonna watch everyone of the videos. You’ve got a new subscriber!
Proud of this brother! Kudos! 💪🏾
okay this is an amazing story. i love that he has involved his entire family into the property management and real estate business.they're buying homes and paying forward. just amazing! random aside: but HOW is his rent cheaper than mine and he lives in NYC while i'm in the south?! now i'm kinda tempted to read up more on investment banking after what he shared about how he learned the material.
His company probably owns the flat. So, he pays the rent to the company. That means he is able to make the fee low.
Inspiring, when i hear the term “Transformational Wealth” again, it’d mean your inspiration is spreading. not just getting wealthy ourselves but transforming the wealth of people around us. What a positive approach, keep it up and all the best.
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Great Video and Very Informative I loved it so much and felt like know I know why youtube recommended your channel to me ♥️
Loved every bit of this! You want something, go get it!
Sooooo INSPIRING!!! Great attitude and much truth🙏🏽
This was great to watch! Very inspiring 🤩
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Inspired.
No excuses.
Amazing!
This was my first episode and I loved it. He shared so many jems!