I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
My CFA 'Grace Adams Cook' , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 67% profit in 18 months
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
I did it by transitioning from employee only to employee + investor. I was fortunate enough to have low outgoings as an employee as I worked form home in tech sector. All the money that I would have spent on commute costs went into buying value stocks (oil and gas, telecoms, tech). Collected and reinvested all dividends. Now my little fund generates enough to live on comfortably. I still am an employee, but no longer have to put in extra hours or go the extra mile at work, and no longer need to impress the boss. I can switch off from work at 5pm. Next step is to go part time, or reduce to 4 day week. If I was made redundant now, I wouldn't go back to being another full time employee.
I am heading to college this fall and I will be majoring in Finance. I am very glad that I found your channel because I love seeing people take an interest in Finance and being able to speak about the subject coherently and yet simply so I can learn more about the field that I plan to go in from videos like these. Please keep these videos coming!
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
@Gary Linc Enns that's impressive!, I could really use the expertise of this advisors, my portfolio has been down bad....who’s the person guiding you.,
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes.Thanks
I remember my last year in college I kinda did a company called Primerica. I didn't really make any serious money mostly due to my charge backs. But I learned alot that my family or the classroom never taught me. They were teaching us this cash flow quadrant from Robert K. back in 98'. Having us read Dale Carnegie & Tom Hopkins. Again, I didn't really make any money. But the value of being exposed to people like Zig Ziglar and the great Jim Rohn was priceless. You never know what will be "that thing" that will turn on that lightbulb in your head. That's why I like your content. You're not stale or full of pompous arrogance. But you exude a level of humble confidence & capable of delivering a product that would add value to many people.
Haha, I went to a Primerica seminar in the mid 90's. It was very cult-like. My friend and I refer to them as "Heaven's Gate" (that was a suicide cult if you don't get the reference).
@@MikeDunn Lol. The Applewhite guy right? Yeah I suppose so. To some degree you almost have to hoax yourself into anything beyond the worker bee (average American) mindset. Because being a worker bee feels comfortable. And is the very reason why most of America is decimated if they miss just one paycheck. As a youth I was drawn in with them bragging about them being the company with the most 6 figure earners.(Not exactly sure who has the most today.) But then again it's not hard to seduce a young man when he's working part-time at pizza hut like I was.
Honestly glad I found this channel, I’ve watched a few videos and have learned more about finances than High school ever taught, I’ll gladly be taking all this knowledge through my 20s (only 19)
The channel is quite brilliant. You have a highly intelligent young man taking the best ideas from his favourite mentors and sharing them... for free! Way to go man!
I'm an employee. I make about 75k/year not counting my investments. I will be able to retire at 45 and able to live on $1500/month after all my bills are paid. That's not accounting for my 401k and Roth IRA which should be about 2.5 mil once I hit 60 if I have a 6% interest rate. I have seen many of my friends sink money into theirs businesses and not completely fail but never full make it. Sometimes just being an employee and be thrifty is enough to have a relaxing and comfortable life.
@@WhiteBoardFinance You know the saying. Rich can be lost during a Vegas weekend. Wealth can last forever. I have so many friends that took the first high paying labor jobs they could find. Now we're in our 40s and the labor doesn't come as easy. They spent everything on trucks and toys, and now they wonder what their kids will do. I always tell them they'll do the exact same thing you did - work, live, then struggle later in life. If they're even that lucky.
@@iwineverygame1995 I don't want to give my children anything. Not until they are at least 30 and have shown me they are financially responsible. I have seen that played out too many times. I am 32 and honestly I don't even have to work. Everything I have is paid for and I have plenty of money. Teach your children financial responsibility and having "things" will not make them happy and there is no need to leave a "legacy".
Man I love this channel. Something that actually helps people. You have a great voice, content, and you don’t beat people down but rather build them up. Really. You deserve way more subs.
Important to remember that you are not tied to one specific quadrant, there is always a way into another quadrant. And understanding each one is the beginning of the journey!
This is what my wife and i have done. We make about 100k a year between our jobs and have been using that money to invest in real estate / rentals. Transitioning from employee to self employed.
Marko, I shared your channel with my brother who is a self employed trucker. He started an LLC; could you do a video comparing LLC's with other forms of business organizations? I'm hoping he considers and learns from you better management skills. Thanks for what you do for your channel members and all viewers!!!
I used to shit post on these kinds of videos back in the day. Now I understand more and agree with the overall message. Many people just aren’t able to follow through on things, for a number of reasons. The reality is, no employee gets rich without at least dipping their fingers into one of the other quadrants. Particularly the investment quadrant.
Thank you Marko for your knowledges , honesty and transparency. All your videos are very helpful. I have shared them to all my families on both sides and you know have big family. I’m so glad to find your channel by accident Usually I don’t make comments on TH-cam. But you are a young genius, so I can not help not to make comments.
A friend that I recently met (around a year ago) introduced me to Robert Kiyosaki's books, including the Cashflow Quadrant. He (my friend) is currently in the self-employed/investor quadrants, while I am self-employed. I can't wait to get to the investment quadrant. It will take years, perhaps a couple of decades, but with hard work, sacrifice, and focus, I will get there.
While you may not ever get rich, if you want to live and retire comfortably the best thing you can do is live within or below your means. Buy a Honda instead of an Acura or be happy with your 4 year old iPhone 6 instead of trading up every year to the latest and greatest model for example. Too many people feel they have to fake it before they make it or keep up with the Jonses...
That's my approach. Retirement hacking. Damn near everything I own is used or out of date. (except my computer...haha, that's where I draw the line.) I'd rather live in a modest 2 bedroom home that I can afford than over-extend myself chasing some illusion. Like Warren Buffet says, time is what matters, not material goods.
While self-employed could be great, it has to be done right, many people turn into slaves to their business and don't make much. Must be very organized
Self employed in the highest tax bracket in my country. It's terrible. Even capital gains are taxed at the same rate for me I.e. 30%. Always wondered why it's taking me so long to have a comfortable life financially. I'd love to start investing but I just keep thinking how!?
My husband owns an independent pizzeria in metro Detroit. Just like you said, he works 12 hours a day and usually 7 days a week. Occasionally, its only 6 days a week. lol. But, as tired and as broke as he is, he loves it. In 5 years, he's grown it from about 250k a year in sales to just under 800k a year in sales. His goal is to have 20 stores someday. (At least he's an S-Corp!)
@@javiermartinez4946 Hi. We had a store manager for the last few years but he just recently left to take an office job. (I think this is our 2nd week without him.) Even with that store manager handling a lot of operational responsibilities, there is still so much administrative and sales work, as well as maintenance type things, that keeps my husband in the store. But, I will let him know about your offer of advice. Thank you.
Man just wanted to congratulate you for the way you are running your channel. Most of you tubers to share free content start role playing so hard adding a bunch of non sense etc. You are doing a great job getting straight to the point, explaining things absolutely perfectly and with a great positive attitude. Keep it up don’t ever loose that. Cheers!
Good interpretation of the Cash Flow Quadrant. I read the book years ago. It's a life changing concept. True point that the left side is trading time for money and that's key. The hardest part is moving from the S to the B Quadrant and setting up a system and employees to manage the day to day tasks. You have to increase revenue and hire and train your team at the same time.
Hi Marko - great content! I've just finished Rich Dad Poor Dad and am about to start Cashflow Quadrant.. So glad I found your channel, thanks for sharing.
Wrong! You can't go outside away for just another job in slavery. Hard work like just on the old times will let you, to save some money. To save enough money is the key. And you can do that..!! And you could become like those great millionaires just by learning and investing. In slavery you can't do anything with that, except to work n work...,and you can't reach another levels of quality of life. 😂 😂 😂 😂 😂
Investors and big business owners usually works just as much, if not more, than regular employees. And it is work, not luxury time, and sometimes repetative and boring. The question you have to ask yourself is about what you like doing and what you find meaningful, something you can find in all four quadrants of this very simplified view of worklife. And it´s not that clear cut between the quadrants. Sometimes you can be a bit of everything, many jobs have a lot of freedom and many investors are slaves to their investments.
Good stuff man i highly appreciate this, ESPECIALLY, where you mention how the school system is systematically structured to condition you towards being a consumer and a worker, and not a independent thinker and a creator. Keep it up brother!
Once you make a good amount of money, it's incredibly easy to grow wealth. The struggle is getting to that point. Buy a crappy property in a market that's growing insanely fast, sell, then invest in less extreme, but smart situations
I was about to post the same comment! Once I "succeeded" and achieved wealth, I realized how quickly wealth perpetuates more wealth. Excluding those who make poor decisions or are greedy, it's very easy to continue to grow wealth once wealth is achieved.
I’m sorry for the stupid question but how do you know which market is growing as you said ?! Can u give me some tips of how to do a proper market research and those kind of things, I’m a such a newbie with cash on the side just looking to get started, thank you in advance! 🙏🏼😊
Ok so I’ve been on the Rockefeller’s system for at least a decade, I want to be my own boss eventually but being an investor sounds much better. Investment video coming soon maybe? That’ll be dope bro, thanks for the video
eclipseotik let me put it easy for .... let’s say you have 100k cash to invest (which 95% of people don’t ) at a 10% return , after tax and inflation you made 6k a year profit... now !!!! If you have 100 million you make 600k ... those returns of 20% are not accessible to people watching TH-cam
Interesting. I am in the paid sector but have started investing with my free money. I have worked up to management where I can save my time by allocating others to do jobs I once did. It's helpful as I have freedom to work on personal self employment in my free time. I am also working on a TH-cam channel which may possibly make me passive income in the future. In a way, I am invested in all four "squares." One thing I would mention is avoid DEBT. Wish I did that earlier. I have paid much off and am starting to see more returns, but it sets you back on your time invested a lot. In the end, we all want wealth for security, our wants, and our own personal time.Good video.
One year later, Me, Sam the Landscaper is watching this video, a go getter on his way to transitioning to the B side of the Quadrant ! LOL Thank you for always putting out consistent content Marko, I love you to death brother. KEEP IT UP!!!!
Your words really clear, normally i need eng sub for eng speaker, but your words really understandable..please do more business book summary like this..really love it, thank you😀
Quick comment on business Tax “write offs”: I’m not a CPA either, but I’m pretty sure the examples(camera, markers, car payments, etc.) you used for expenses that can lower your tax burden are not eligible expenses. Markers, cameras, and cars are all examples of capital expenditures, assuming you purchase these assets, not lease them. You CAN however “write off” the depreciation of the assets. If you leased the car, you can expense the lease payments, which is why leasing is preferred for some companies.
I can tell a honest person when I hear a honest person. I appreciate you’re knowledge Marko! Question: do you recommend me going to school for finances? I’m highly interested in the side of financing you speak on but feel the book knowledge from school also can be effective to know.
Could it be argued that a TH-cam Channel starts as Self-Employed and turns into Big Business? Once you have enough content and subscribers, your videos continue to trend accumulate ad revenue, even if you take a break from making videos.
I'm self employed and making a decent amount to where I have a large savings and interested in investing. For someone not too savvy on finance and not really able to invest in real estate, its a little bit confusing where to begin.
I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $200k in a savings account that i want to invest in a non-retirement account. Where should I invest it now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.2m in gains… might not be a lot but i'm financially secure.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA 'Grace Adams Cook' , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
The fact that you were honest and admitted that you’re still an employee and you make a little bit of money off of TH-cam made me instantly subscribe
why lie? LOT of fakers out there. thanks for subbing
@@WhiteBoardFinance You're definitely not a fake. It's very hard to find the real deal; you're lessons are priceless. Thank you so much.
@@WhiteBoardFinance now you make way more my man
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 67% profit in 18 months
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Sonya Lee Mitchell is a renowned figure in her line of work. I recommend researching her credentials further.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Dude, you drop more wisdom in 15 minutes than people drop in 15 hours. Bravo!
Thanks!
BRO... This channel is changing my life! You deserve all the blessing that are coming to you brother. Thank you
Thank you sir!
I did it by transitioning from employee only to employee + investor. I was fortunate enough to have low outgoings as an employee as I worked form home in tech sector. All the money that I would have spent on commute costs went into buying value stocks (oil and gas, telecoms, tech). Collected and reinvested all dividends. Now my little fund generates enough to live on comfortably. I still am an employee, but no longer have to put in extra hours or go the extra mile at work, and no longer need to impress the boss. I can switch off from work at 5pm. Next step is to go part time, or reduce to 4 day week. If I was made redundant now, I wouldn't go back to being another full time employee.
I am heading to college this fall and I will be majoring in Finance. I am very glad that I found your channel because I love seeing people take an interest in Finance and being able to speak about the subject coherently and yet simply so I can learn more about the field that I plan to go in from videos like these. Please keep these videos coming!
Thanks Terrence. Finance is a great degree with a lot of career opportunities. That's what I majored in as well.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
@Gary Linc Enns that's impressive!, I could really use the expertise of this advisors, my portfolio has been down bad....who’s the person guiding you.,
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes.Thanks
Join the real world
I remember my last year in college I kinda did a company called Primerica. I didn't really make any serious money mostly due to my charge backs. But I learned alot that my family or the classroom never taught me. They were teaching us this cash flow quadrant from Robert K. back in 98'. Having us read Dale Carnegie & Tom Hopkins. Again, I didn't really make any money. But the value of being exposed to people like Zig Ziglar and the great Jim Rohn was priceless. You never know what will be "that thing" that will turn on that lightbulb in your head. That's why I like your content. You're not stale or full of pompous arrogance. But you exude a level of humble confidence & capable of delivering a product that would add value to many people.
Thank you sir
I agree that is what has kept me engaged to his videos seems like a personable guy. Thanks again for them great content!
Haha, I went to a Primerica seminar in the mid 90's. It was very cult-like. My friend and I refer to them as "Heaven's Gate" (that was a suicide cult if you don't get the reference).
@@raulfernandezjr5295 I try to be as real as possible. Not selling anything, really.
@@MikeDunn Lol. The Applewhite guy right? Yeah I suppose so. To some degree you almost have to hoax yourself into anything beyond the worker bee (average American) mindset. Because being a worker bee feels comfortable. And is the very reason why most of America is decimated if they miss just one paycheck. As a youth I was drawn in with them bragging about them being the company with the most 6 figure earners.(Not exactly sure who has the most today.) But then again it's not hard to seduce a young man when he's working part-time at pizza hut like I was.
I like how your video doesn’t use any jump cuts. This shows that you did your research beforehand.
Thank you
Honestly glad I found this channel, I’ve watched a few videos and have learned more about finances than High school ever taught, I’ll gladly be taking all this knowledge through my 20s (only 19)
I found your comment. I’m 18 I’m and just wondering how you’re doing now that it’s been a few years!
The channel is quite brilliant. You have a highly intelligent young man taking the best ideas from his favourite mentors and sharing them... for free! Way to go man!
Thank you
I'm an employee. I make about 75k/year not counting my investments. I will be able to retire at 45 and able to live on $1500/month after all my bills are paid. That's not accounting for my 401k and Roth IRA which should be about 2.5 mil once I hit 60 if I have a 6% interest rate. I have seen many of my friends sink money into theirs businesses and not completely fail but never full make it. Sometimes just being an employee and be thrifty is enough to have a relaxing and comfortable life.
I COULDN'T AGREE MORE.
A lot of us want to leave a legacy. Money for the kids. Family wealth.
Exactly. Generational wealth. I don't just think about myself.
@@WhiteBoardFinance You know the saying. Rich can be lost during a Vegas weekend. Wealth can last forever. I have so many friends that took the first high paying labor jobs they could find. Now we're in our 40s and the labor doesn't come as easy. They spent everything on trucks and toys, and now they wonder what their kids will do. I always tell them they'll do the exact same thing you did - work, live, then struggle later in life.
If they're even that lucky.
@@iwineverygame1995 I don't want to give my children anything. Not until they are at least 30 and have shown me they are financially responsible. I have seen that played out too many times. I am 32 and honestly I don't even have to work. Everything I have is paid for and I have plenty of money. Teach your children financial responsibility and having "things" will not make them happy and there is no need to leave a "legacy".
Why I didn’t find this kind of channel in my life is beyond me!!! Thanks for great education!
Thank you. The best presentation of my favorite Cash Flow Quadrant so far.
Man I love this channel. Something that actually helps people. You have a great voice, content, and you don’t beat people down but rather build them up. Really. You deserve way more subs.
Thank you Uchiha
Important to remember that you are not tied to one specific quadrant, there is always a way into another quadrant. And understanding each one is the beginning of the journey!
Well said!
This is what my wife and i have done. We make about 100k a year between our jobs and have been using that money to invest in real estate / rentals. Transitioning from employee to self employed.
Marko, I shared your channel with my brother who is a self employed trucker. He started an LLC; could you do a video comparing LLC's with other forms of business organizations? I'm hoping he considers and learns from you better management skills. Thanks for what you do for your channel members and all viewers!!!
I used to shit post on these kinds of videos back in the day. Now I understand more and agree with the overall message. Many people just aren’t able to follow through on things, for a number of reasons. The reality is, no employee gets rich without at least dipping their fingers into one of the other quadrants. Particularly the investment quadrant.
Well said
Thank you Marko for your knowledges , honesty and transparency. All your videos are very helpful. I have shared them to all my families on both sides and you know have big family. I’m so glad to find your channel by accident Usually I don’t make comments on TH-cam. But you are a young genius, so I can not help not to make comments.
Thanks a lot Marco I did find myself still in E but also doing ok in I and getting deeper in I
I was watching your video and I kept thinking this is great, it is so easy to understand.
Great job! and Thanks!
I was looking for the 2AM infomercial for free real estate.
A friend that I recently met (around a year ago) introduced me to Robert Kiyosaki's books, including the Cashflow Quadrant. He (my friend) is currently in the self-employed/investor quadrants, while I am self-employed. I can't wait to get to the investment quadrant. It will take years, perhaps a couple of decades, but with hard work, sacrifice, and focus, I will get there.
While you may not ever get rich, if you want to live and retire comfortably the best thing you can do is live within or below your means. Buy a Honda instead of an Acura or be happy with your 4 year old iPhone 6 instead of trading up every year to the latest and greatest model for example. Too many people feel they have to fake it before they make it or keep up with the Jonses...
That's my approach. Retirement hacking. Damn near everything I own is used or out of date. (except my computer...haha, that's where I draw the line.) I'd rather live in a modest 2 bedroom home that I can afford than over-extend myself chasing some illusion. Like Warren Buffet says, time is what matters, not material goods.
I'm a big advocate of living below your means. Lots of fun things are not expensive. Don't become a fashion victim.
Love the Cashflow Quadrants! Rich Dad Poor Dad is what initially inspired me to begin investing in real estate. Great video. thanks for sharing.
While self-employed could be great, it has to be done right, many people turn into slaves to their business and don't make much. Must be very organized
I’m in 3 quadrants, E, S, and I. Covering my 50/30/20 with the E, and the returns on S are aggressively growing I.
Eventually I’ll close out E and S.
Best personal finance channel out there, thanks for all the great videos man. Coming from a fellow Marco.
He may aspire to just invest but working hard at his business is what made him successful...
*What quadrant are you in?*
Employee stepping into investor. Making my first moves toward finanal freedom 😁
That's great Tammy, keep it up!
Keep it up Donnie
E and I...I love his books, they really help me change my mindset and they keep me thinking the right way.
Self employed in the highest tax bracket in my country. It's terrible. Even capital gains are taxed at the same rate for me I.e. 30%. Always wondered why it's taking me so long to have a comfortable life financially. I'd love to start investing but I just keep thinking how!?
Thank you for not putting us down and for this information. You also shared which quadrant you are in. Respect to you.
my pleasure
My husband owns an independent pizzeria in metro Detroit. Just like you said, he works 12 hours a day and usually 7 days a week. Occasionally, its only 6 days a week. lol.
But, as tired and as broke as he is, he loves it. In 5 years, he's grown it from about 250k a year in sales to just under 800k a year in sales. His goal is to have 20 stores someday. (At least he's an S-Corp!)
@@007phokus LMFAO don't give her any ideas
Tell your husband to contact me. I have a pizza shop too and I designed a money making system that will make him more money to hire a manager
@@javiermartinez4946 Hi. We had a store manager for the last few years but he just recently left to take an office job. (I think this is our 2nd week without him.) Even with that store manager handling a lot of operational responsibilities, there is still so much administrative and sales work, as well as maintenance type things, that keeps my husband in the store.
But, I will let him know about your offer of advice. Thank you.
Literally taking notes off of every video this is so beneficial 👌🏽
Man just wanted to congratulate you for the way you are running your channel. Most of you tubers to share free content start role playing so hard adding a bunch of non sense etc. You are doing a great job getting straight to the point, explaining things absolutely perfectly and with a great positive attitude. Keep it up don’t ever loose that. Cheers!
Thank you I appreciate that :) please share with friends and family
Bro, I watched this video 10x times, awesome info.
You have a grand day.👍Thank you again.went to school today.Thanks again for teaching me something.😎
So honest work that requires time won't get you rich, got it
To get rich you gotta make money off the backs of honest workers :D
Cruel society we live in
Good interpretation of the Cash Flow Quadrant. I read the book years ago. It's a life changing concept. True point that the left side is trading time for money and that's key. The hardest part is moving from the S to the B Quadrant and setting up a system and employees to manage the day to day tasks. You have to increase revenue and hire and train your team at the same time.
Thanks
Great stuff!! I love your content, pacing knowledge sharing, accent! Great work dude!
Can you do a credit card video? Which ones are good/bad and how many credit cards should a person have? Love your videos!
1.75x, thank me later.
I thought you were making fun of him but actually, you were right.
always
You are a genius
At 1.25 it actually sounds like normal speed!
It's all about the 2.5x speed (you need an extension for it)
First video I saw of yours, loved it man
Thanks Luke, hope you stick around :)
Hi Marko - great content! I've just finished Rich Dad Poor Dad and am about to start Cashflow Quadrant..
So glad I found your channel, thanks for sharing.
My pleasure thanks for watching. Please share :)
I subscribed., you seem like a decent person, Thanks for the info man.
Slavery was never abolished. It was just called employment.
Yup
Facts!
So biomedical engineers or architects or nurse practitioners are slaves? Rich slaves atleast right?
Wrong!
You can't go outside away for just another job in slavery.
Hard work like just on the old times will let you, to save some money.
To save enough money is the key.
And you can do that..!!
And you could become like those great millionaires just by learning and investing.
In slavery you can't do anything with that, except to work n work...,and you can't reach another levels of quality of life. 😂 😂 😂 😂 😂
Did slaves get competitive wages?
Investors and big business owners usually works just as much, if not more, than regular employees. And it is work, not luxury time, and sometimes repetative and boring. The question you have to ask yourself is about what you like doing and what you find meaningful, something you can find in all four quadrants of this very simplified view of worklife. And it´s not that clear cut between the quadrants. Sometimes you can be a bit of everything, many jobs have a lot of freedom and many investors are slaves to their investments.
I make money literally while I sleep from this TH-cam channel. It all depends on your business model.
Good stuff man i highly appreciate this, ESPECIALLY, where you mention how the school system is systematically structured to condition you towards being a consumer and a worker, and not a independent thinker and a creator. Keep it up brother!
You’ve gained another subscriber my guy. I appreciate the videos very much!
I appreciated this video and I appreciate what you do. You have a nice presence.
Thanks
You explained very well Marko. This motivates me a lot. Thank you for share your knowledge.
I like the sound of the pen taps 5:44
Me too. Glad i'm not the only creep that enjoys that! lol!!!
Thank you for all the knowledge sir. You don’t know how much this channel has helped in many aspects. Glad I came across it.
Can you make video on investing? How to start, strategies and so on
Yup will do
@@WhiteBoardFinance Post notifications on!
2nd on that.
Read Unshakable by Tony Robins
Will search it up
Once you make a good amount of money, it's incredibly easy to grow wealth. The struggle is getting to that point. Buy a crappy property in a market that's growing insanely fast, sell, then invest in less extreme, but smart situations
I was about to post the same comment! Once I "succeeded" and achieved wealth, I realized how quickly wealth perpetuates more wealth. Excluding those who make poor decisions or are greedy, it's very easy to continue to grow wealth once wealth is achieved.
I’m sorry for the stupid question but how do you know which market is growing as you said ?! Can u give me some tips of how to do a proper market research and those kind of things, I’m a such a newbie with cash on the side just looking to get started, thank you in advance! 🙏🏼😊
Your Videos are great !
Thanks for the advice bro!!!
Excellent presentation
Well done! Makes perfect sense.
This is what my friend was told when he was in an MLM. They told him he could get into the "self employed" quadrant and become rich.
LOL MLM's are a joke
That's a good way too put it "YOU CREATED A JOB NOT A BUISSNES)
Thank you. I’d love some videos going into depth more so on the transitioning from employee to big biz. Again thank you
Start a Biz ---> work really hard and grow the business --> hire people that manage the business --> Success :)
This was genuinely amazing! I loved it, thank you Marko! 👏🏽🙌🏽⭐💫
Ok so I’ve been on the Rockefeller’s system for at least a decade, I want to be my own boss eventually but being an investor sounds much better. Investment video coming soon maybe? That’ll be dope bro, thanks for the video
eclipseotik let me put it easy for .... let’s say you have 100k cash to invest (which 95% of people don’t ) at a 10% return , after tax and inflation you made 6k a year profit... now !!!! If you have 100 million you make 600k ...
those returns of 20% are not accessible to people watching TH-cam
Came here through Ryan Scribner’s post. Great video on the fundamentals of creating wealth! 💰👍
Thank you for the kind words!
Great explanation of the cash flow quadrant 👏👏👏
Thank you :)
plain and simple, once again, amazing info.
Thanks Tony
It’s cool how you explain it!
Big business!
not a disappointing video. keep it up.
You are the man, Marko. Great video, I really enjoyed it.
Thanks for watching
Interesting. I am in the paid sector but have started investing with my free money. I have worked up to management where I can save my time by allocating others to do jobs I once did. It's helpful as I have freedom to work on personal self employment in my free time. I am also working on a TH-cam channel which may possibly make me passive income in the future. In a way, I am invested in all four "squares." One thing I would mention is avoid DEBT. Wish I did that earlier. I have paid much off and am starting to see more returns, but it sets you back on your time invested a lot. In the end, we all want wealth for security, our wants, and our own personal time.Good video.
One year later, Me, Sam the Landscaper is watching this video, a go getter on his way to transitioning to the B side of the Quadrant ! LOL Thank you for always putting out consistent content Marko, I love you to death brother. KEEP IT UP!!!!
You’re a good teacher! Keep it up
This is excellent content . Keep up the good work. Subscribed and thanked.
Thanks for the sub! Please share
Your words really clear, normally i need eng sub for eng speaker, but your words really understandable..please do more business book summary like this..really love it, thank you😀
Thank you, I will
Wow so you lived in Ohio for a while? That’s great. I live in Columbus.
The way you teach makes everything stick. If you're in Tampa Tampa Florida and want to go fishing, hit me up Marco😁
Thank you sir. I don't have the nerves for fishing lol. Too impatient
@@WhiteBoardFinance Fishing on a boat in the ocean, you don't have to wait or you're in the wrong spot 😁
Quick comment on business Tax “write offs”: I’m not a CPA either, but I’m pretty sure the examples(camera, markers, car payments, etc.) you used for expenses that can lower your tax burden are not eligible expenses. Markers, cameras, and cars are all examples of capital expenditures, assuming you purchase these assets, not lease them. You CAN however “write off” the depreciation of the assets. If you leased the car, you can expense the lease payments, which is why leasing is preferred for some companies.
Agreed on leasing the car. And I do believe Capex is deductible but again, I'm not a cpa
Great video easy to understand. Thank you!
Well i worked at a large corporation, promoted many times, even won EMMYs. Retired early at 57, have a pension and live in Hawaii .
Great video thanks for the great information
Thats a very informative and well put video.
Fire video I'll show this to my friends
Thank you, I appreciate the support!
@@Joker-ux3jf thats actually so true fuck my friends no more stock tips for them xD
Great presentation Marko
Wish this had been around earlier in my life instead of all the BS stuff that just doesn’t work
Another great video! Thanks Marko!
As always very well done, informative and somewhat depressing...lol.
Nice to see you break 100K subs, well deserved. All the best
I appreciate that thank you!
I work 12 hours a day lol Monday-Saturday for a company
Regarding the multiple taxes for the self-employed, do they get more deductions as well?
Jakob P yes you can deduct a lot as a business owner!!
If you’re self employed via 1099 what is the best way to get health insurance for yourself, wife, and kids?
you deserve 5M subs bro
.....Thanks for the review*
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M•Y•W•H•A•T•S•A•P•P*
Do well to respond..................
This isn't a 2am infomercial? Oh wait, it's 1am while I'm watching this... 😉
Thanks for the info. Subscribed and shared!
I can tell a honest person when I hear a honest person. I appreciate you’re knowledge Marko!
Question: do you recommend me going to school for finances? I’m highly interested in the side of financing you speak on but feel the book knowledge from school also can be effective to know.
Could it be argued that a TH-cam Channel starts as Self-Employed and turns into Big Business? Once you have enough content and subscribers, your videos continue to trend accumulate ad revenue, even if you take a break from making videos.
I am impressed with your presentation skills! Keep up the great videos.
Thanks Danny
Video is nice. Would be interested in getting more details
I'm in Quadrants E, S, & I to varying degrees. This is a neat matrix to look at wealth; I've not heard of this before. Thanks for sharing!
My pleasure thanks for watching
More great content thanks for sharing. You should get pins or shirts too and Ill purchase one.
I'm going to make a "Have a Prosperous Day" shirt :)
I'm self employed and making a decent amount to where I have a large savings and interested in investing. For someone not too savvy on finance and not really able to invest in real estate, its a little bit confusing where to begin.
You are doing great. There are people deep in student loans and wish they had taken your route.