The Time to Build Wealth for Millennials has RUN OUT
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- เผยแพร่เมื่อ 11 ก.ย. 2024
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Ken and Danille McElroy discuss the financial challenges Millennials face as they navigate their prime earning years amidst rising debts and unaffordable housing. Discover actionable strategies to build wealth despite the odds and secure your financial future.
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ABOUT KEN:
Ken is the author of the bestselling books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
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#CorporateLandlords #HousingCrisis #HighRents #RealEstateMarket #Politicians #HomePrices #Scapegoats #HousingSupply #RentalMarket #Investors #HousingAffordability #Inflation #RealEstateInvesting #MomAndPopLandlords #HedgeFunds #RentalProperties #FutureOfHousing
I’m a 42 year millennial and I busted my ass and did 20 years on the army and finally retired. I also completed college and I have a great career plus I did some house flipping on the side and invested all my returns. If things go well I
Should have a few millions in the next 8 years. I can tell you that after the first bullet goes by your ear in the war you really find solid motivation to change your life. Piece of advice take calculated risk if you want to advance in life and stay away from toxic people
You want a cookie ?
Thanks for your service!
44 y/o here who didn't graduate high school... I'll spare the backstory.
When I was 14 years old my dad marched me down to the social security office to get a legal work permit. I've been busting my ass and joints ever since. HoWEver, I've been saving and investing ever since as well. Opened an IRA when I was 19 and bought my first house when I was 23.
Most of my friends partied hard through their twenties while I lived with the alarm clock set for 5:00 a.m.. my friends were my roommates paying me rent while I paid the mortgage like a grown-ass adult. One of the reasons the younger generations are struggling is that they are the partying roommates in this equation. It don't take no brain scientist to make yourself wealthy in this country. Hard work, determination, a high regard for wisdom.... And you'll be all right.
...ohh.... And don't be afraid to ditch the friends who are holding you back.... Unless they are paying your rent 🍻
@@VicDamoneJr82Grow a pair
@VicDamoneJr82 yea he wants chocolate chip pillsbury 🍪
Something to note: I graduate with interest rates around 3.5%. But once I had all those student loans consolidated with the income-based loans, the interest rate jumped to 7.5%. And it's even worse for young adults now. We as a nation are making higher education a deterrent, instead of rewarding higher education.
Unfortunately, a lot of people that need homes are of the mindset that they just want a ready to go home, a nice one, that they can just live in. I grew up in a low income family situation but after high school managed to escape by going in the service and after my 4 years in the service, I started working in construction. I saw that there was money to be made by buying fixer uppers so that's what I did. Slowly I worked my way into a position where I could start buying rental property and it went well from there. There are literally millions of houses and apartments that are older now and lots of fixer uppers are still around. I say learn how and put in the sweat equity and build it a step at a time until you can get into larger projects,.
People need to stop focusing on the average income, the average cost of a house, the average this and that. As you say, there are other ways make it work.
Yes. But 2008 wiped a lot of contractors.. and it’s about to happen again.. if real estate tanks now.
5 years recovery ? Shortest
And the building real estate jobs tank until recovery
Save some. If you go all in and it tanks.. 🎉
Have a second option ready.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I'm new at this, please how can I reach her?
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
The price of a home doubles every 15 years roughly. That's due to our government spending at an insane rate!
10 years in some markets
It not so much the cost of living but the cost of “higher living” Most are driving fancy leased vehicles paying $500-$1000 per month, cable, eating out, flying here & there vacationing. My Job out of college in 1983 was $16,000 per year, interest rate 11%. Everything is relative, looking back, life was not a bed of roses, I bought my first home $33,000 condo 9.5% first time home buyer Mtg. No credit card, no car loan, no cable, no eating out, no Starbucks coffee, no $100 sneakers, lots of delay gratification. Today I consider myself financially secure, did 15 cruises already this year with 8 booked more before end of year. This month I’m cleaning and painting one of my rentals myself, it’s hard dirty work at age 70, but I do what it takes, while most people sit around watch other peoples success on TV, or social media to the demised of their own success. The saying: 9-5 you make a living, 5-9 you make a fortune.
Ken, in May of 2020 you made a video titled "The impact of inflation on real estate". I just wanted to point out that you were dead on in your assessment. After being overly fearful to buy for many years, that video gave us the confidence to buy when it was still a good time to do so. Today, I genuinely feel for those who are stuck in the ever increasing rent situation, the game has simply been played against them without their knowledge. Thankfully, you are continually informing us of the game that is being played, and how to best play it in whatever situation we may find ourselves in. We're grateful for your channel Ken!
Sometimes owning a home doesn't make sense due to maintenance. I own 3 homes. Last year it cost me $90k to replace the roof on one of the homes.
How big a home was a 90k roof on? !
90k for a roof? Do you have a 7000 square foot house? Did you use ceramic tile for you roof?
@@dustinmarquand53019000 sqft 😅
Why didn't you get insurance to cover it?
@@sidshri6080 The asphalt shingles had reached the end of their life. This wasn't an insurance issue.
I have no debt. Cost of living is under 1500 a month. I make about 2000 a month. Not ideal income but I'm making money which is better than 75% of USA.
dam you dont want to make more??
Exactly. Good for you. Not hard to beat the average Yuppie these days with how stupid people are with their finances
Grats dude, now let's hope you dont get sick or anything comes up, or god forbit you wanna start a family. Props to you though, ai mean it
@@sergiyradonezhsky634 I have health insurance (500 a month) but pay 150 from health care exchange. Subsidized from govt.
@@TatSatYogiBro. What about kids and maturity and purpose and resilience?
Most people under 45 complain about housing prices while having all the new tech devices, streaming services, food delivered and traveling abroad regularly. All of that was unheard of for previous generations. People just spend their money on different things and that resulted in housing becoming a speculative investment and rental market which has driven the price up.
@@adambrooks7423 absolutely thank you! "Rent is too expensive... Oh crap I just dropped my $1,000 iPhone... I can't imagine a day without one.... headed to do the store right now".
Lol what. No, it's the federal debt and bailout culture that caused it. I literally never buy tech devices, I don't spend anything on streaming, don't even eat out, make six figures and there's no way in hell I could buy the home I grew up in. It's gone up 600% in value over 25 years lmao.
So much of it is work ethic and the psychology behind someone's grit. It's Labor Day Weekend and all most, in any generation, care about is having fun. As a man, fun to me is for women and children. I don't understand the mentality behind needing fun all the time.
15 years ago there was an active crash happening. I bought at the end of 2009, and my house value didn't bottom out until 2012.
Not sure why ken is comparing the bottom of the market 2009 to now. Try going back to 2006 prices compared to now. I think you'd have a better compairison
I forsee people buying homes and renting out rooms in their single family home to afford their mortgage.
I don't understand why someone would accept a 9.5% and 11% student loan. At what point do you say enough is enough and look at alternatives to borrowing money? That's credit card interest rates! There is free will and agency in this process. People should start using it. Otherwise not being able to afford a home down the road will be the least of your problems with this kind of debt...
Many those loans never intended for education. It was a no questions asked easy approval for loan unavailable elsewhere . They did not read the rules and Devil 😈 in no escape details 😮
Because few 18-year-olds have a solid financial education or people around them with good financial knowledge, and they do what seems “normal” or “expected”. I think we badly need financial curriculum in schools to be as non-negotiable as literacy.
@@FusionKnight I was 18 and knew not to borrow money I couldn't pay back...these are our "best and brightest", can't imagine what the rest of the people in society are up to based on your logic...
Most people that say they can't afford to buy a house are just too unrealistic with their expectations. They want to buy turnkey or get a new house. My first two houses were fixer uppers, and I bought far less home than I qualified for. Same goes for the doctor who can't buy a house. Yes, you can, it's just not going to be your dream home, it's not supposed to be.
Alabama has home s for 20k..so does Italy 🎉
In one of the video Robert Kiosaki said real estate dealings for people is dangerous because if something goes wrong then people life gets struck there with huge money. In my case since my since my brother was bed ridden I just got tempted to have part of the money to deposit by selling the part of the property my two uncles played game and joined hands with buyer and tactfully anticipating since sick brother is there they can push us and get away in looting the property. They actually succeeded, alll im struggling for the last ten years is saving the property and getting rid of the case.
I’m a millennial and my financial education started at 30 when I read Rich Dad Poor Dad. I’m 36 so I’ve had no time at all to figure this out. I had no idea I should’ve bought real estate in 2012. 2012 was also my very first full time job.
Well 2026 may be ur chance 🎉
That's what happened to me I seen an interview with him and read his book
What happened to the days when Millennials used to refuse to get drivers licenses, said they never wanted to leave home, and eschewed wealth? They were all over the Internet preaching this.
@@jimdandy8996 I do recall some of these sentiments. I remember almost all of the movies and TV shows made the wealthy corporation or individual out to be the villain. We were subconsciously programmed to believe that wealth was evil.
I don’t think I was ever in this group but I do think these messages slowed me down. They probably still do cause me to stumble!
@@HANZELVANDERLAAY You know, after studying real estate for some time, you’re absolutely right if buying traditionally is your goal. But in the mean time, there are tones of creative ways to get into real estate today. But you can’t go through the bank!
The problem is millennials taking advice from boomers. Times have changed. I'm 35 graduated college 2 years ago and cash flowed the whole thing. I own a home and have 0 debt outside my home. It's all about making smart financial decisions.
Things have not changed. It is just your turn to go through hardship. I'm a Gen Xer. While millennials were coming out of school during the GFC, many people in my generation lost everything and had to build up again. You can't lose what you didn't have. Besides, in 5 years there will be an oversupply of housing. Watch..
@@theflyguy1979over supply of housing? Where? Everyone and there mom is moving to Florida. From all over the world. Every person who has money moves to fl and takes up my home town while I can't afford them
@BabyMikeVenom Most homes are in the hands of baby boomers. Beginning in 2025, the oldest baby boomers will turn eighty years old at a rate of 10,000 a day. This is older than the than average life expectancy. Many of them, unfortunately, will die at an excellerated rate. As a result, those homes will have to change hands. It is already happening in my family. Millennials have to stop thinking that everything happening to them is the worst ever. 10 years ago most of you said you didn't even want to own a home because it wasn't worth it. How soon we forget.
@@theflyguy1979 the homes will go to their children and their children will rent them. There will be no surplus.
@@Taco_Lover. Actually, most of those homes inherited will go to people who are smart enough to buy them for pennies on the dollar from children who never learned to handle money and need a quick payday. Cha ching 💰
Boomers: work harder if you want a house
Millennials: ok
Boomers: here, hold my bags
Lenders are feeling the pain. Lol... that's some good comedy right there.
Some banks will also refuse to lend money if too many people are not paying their HOA dues. I had this problem and its gets really hard to sell your condo.
Um I have a lot of clients who are doctors and believe me they can afford homes. Some can't afford a 2.5 million dollar home but they can buy homes.
I'm not paying any premiums on trashy old houses with super inflated value. Tiny two bedroom houses are expensive for no reason.
As an elder millennial agree with home ownership and bought a condo in 2012 and sold it at a profit. but what I can’t get past is demographics. We are about to see the largest generation in history retire and die. Even if they don’t downsize, they will eventually die. We lived through the biggest housing buying incentive we will see in a generation: COVID and shelter in place. Why the hell would I want to buy at the top of the demographic curve and the top of the incentive curve for owning single family??? On top of that interest rates are still very high? Makes no sense to me. I can rent at 1/2 the monthly cost of a mortgage if I were to buy the property I live in. I can out that money into something more guaranteed to appreciate.
Worst time to buy in a century
I served on our 177 home HOA for several years and you couldn’t pay me to listen again to all the “owners” cheap, lazy, do nothing, unconstructive, petty, self-serving, comments and concerns.
I was homeless, did drugs, went into prison, where I got to know God. He changed my life. Now I have a home, a wife and a lovely year old daughter (zoe), and a stream of income that gats me $47,000 weekly. Plus a new identity - a child of God, Hallelujah!!!!🇺🇲❣️♥️♥️
Excuse me for real?, how is that possible I have struggling financially, how was that possible?
Mrs Mary Margaret Schimweg is lord sent!!!
I always appreciate God for his kindness upon my life
YES!!! That's exactly her name (Mary Margaret Schimweg) so many people have recommended highly about her😊 and am just starting with her Brisbane Australia🇭🇲
Same here, with my current portfolio made from my investments with my personal financial advisor (Mary Margaret Schimweg) I totally agree with you
A home costing 999k now will end up costing 2.4 million at the end of 30 years. So you’re out with 2.4 million over 30 years and the home will be 30 yrs older.
But I wonder what renting a similar home for 30 yr would cost.
We just live under a bridge for free. Savings of 4 million@@Caleb_Johnson
Flawed thinking. The home doesn't just rot away in 30 years. Basic maintenance doesn't take much to keep a house in good shape. Plenty of 80-100 year old houses out there. Now the big one: that 999k house in 30 years will appraise for 15 milion.
Ken nailed it with the psyche of an HOA member. They be power tripping! Handing out violations like candy
Yeah, and then people in their community break up into tribes that fight each other. It get crazy.
>Housing always goes up.
>Population is crashing.
Choose one.
Population is still growing in the US thanks to immigration. And cities keep growing while rural areas are declining. If you buy property in a major city it's likely to appreciate significantly
population is still growing lol look at facts before just posting nonsense
@@ethanbishop5762 "As of 2023, the total fertility rate in the United States was 1.66. This means that the average woman in the US is expected to have 1.66 children over her lifetime"
That's the most brutal part of the real estate equation today...young people buying in say California are buying the highest quality duration asset there is in the US; however, they are going to be tax/mortgage slaves living in California. Not worth it IMO. Tough call. There's a few major metro areas in the US that will be Detroits aka the values will collapse.
Agreed! Everybody wants that instagram life now instead of working for it.
Thank you for making these videos.
Colleges are so expensive because they know people will pay it. Supply and demand. If no one went the tuition would plummet. They also know the fed will step in and help them and pay off peoples loans. Why would they not charge a fortune? They are in a win/win situation.
The price of tuition at the university of Washington is the same price it was 12 years ago. Still a worthless degree
If the FED GOV would get out of the schools, and stop subsidizing, the price of university would drop to what the market would pay. They would have to stop paying tenure 6figures and full pension on the taxpayer.
Hard to buy any house as a rental here in Arizona (Phoenix, Surprise, Peoria) that will get you a $300 return unless you put 40% cash down on it. To much cash down for that $300 monthly return. Than what if rents go down which they might. Ton of homes for rent.
Great video as always Ken, thank you. I'm actually considering buying real estate in a Roth IRA for long term rentals. From my understanding, once retirement age is hit at 59.5, you can live in the asset (house/unit) and rent out the remaining units, tax free (property taxes aside).
Homes are bigger nowadays, I've never seen a cost comparison price per square foot.
Mike fractional investment is one of the ways! Affordable housing is next huge thing! Let’s do this
A home is not always the best investment. If you are mainly paying interest than only the bank is winning
For the States that has high property tax and high homeowners insurance like Florida and Texas, it’s a lot cheaper to rent. For an average 3 bedroom 2 bathroom 2,000 sq.ft home, it’s about $2,500 a month to rent but $5,000 to buy because tax alone is $1,000 and insurance is 500 a month. Interest is $3,000 at 6.5%. So it’s only $500 that goes to equity of the $500K home.
You just picked bad example, I’m renting out $300k house for $2650. $1650 principal, $150 insurance, $300 taxes. That is brand new house with no hoa. It won’t make any sense to buy $500k house to rent for $2500 today!
@@leoid3119 what area in Texas can you buy a brand new house at $300k? North Dallas where many of the jobs are, new house starts at high $600k
@@TravelingFoodBunny I’m not familiar with Tx market, I’m investing in southwest Florida
If I was a young person with no way to buy a home, I would get the f*** out out of the US, and look to spend my life somewhere else. There is no point to work all your life and not be able to own anything
Yup, I have decent assets as a young person, but unwilling to 2x overpay for a home. If I can't find a lower cost market I like with good jobs, I am out of this dumpster fire communist country and taking my money where it will buy me a higher quality of life.
Putin just sent out an invitation for ex pats from the West.
I’m 40. Broke. In debt. Funny thing is, I was making $180k a year for 7 years. It took 1 bad year of losing my job, then losing money in the markets, and a medical problem, and that’s that. Went from flush with cash to bring in 6 figure debt…
I recently saw a video where 56% of the builder's homes had FHA loans. If I understood correctly those FHA loans had a 0-3% DP. The problem is when the homes are dropping 5-30% in value. Uh oh.
I saw in the comments the $25K that Kamala is floating. That just increases prices. Those that live in British Columbia, Canada and specifically Vancouver know what happened when the provincial government did the exact same thing. People were wise to it and the program closed after only very few applicants. Well below what the government thought it would be.
High rent is a huge problem, to save and pay off bills and prepare to buy home. Biggest problem, High rent , price of homes, and down payment, we will finally get some relief in November YEA!!!
Pray!
The whole point of this channel is to hedge inflation. The whole point of dave ramsey is the hedge stupidity.
dave Ramsey's criteria to buy a home these days nobody can qualify. He ask 25% take home pay for a 15 year loan.
3:52 so you know brand new doctors still in residency who are probably about 28-30 years old big deal. In 4 years when residency is done and debt is paid off their income hops from like $50-60k to $250-350k they can buy and pay off the average value house in under 2 years if they want
I think these young kids think they have to get any type of degree to succeed. Being a plumber, electrician, or other trade pays a very good living but their mindset is college after high school and not working a great paying trade. Unfortunately for them they are trading that college tuition decision for owning a home. Don't get me wrong, a college degree can be a awesome decision but some of these degrees are ridiculous and Unfortunately for the student they don't realize that the money they owe for that degree isn't worth much at all to a employer. Now you have a large student loan debt that could have went toward owning a home.
The problem is the trades suck too in many states. Here in Florida they pay like trash, not so much in legacy Union states.
Lol, I paid off my student loans 18 months out of school while maxing my IRA during that time...the issue is not only education, homes prices are 2x what they should be based on wages, our taxes are too high in this country as well. That's like 65%+ of your budget right there. Our government is run by morons...that's the problem.
Taxes, insurance and HOA. Careful to buy house now.
I know professionals who still have over 500K in school debt @64 years of age
Getting a masters or doctorate in psychology or anthropology will do that!
Boomers
no way! what?!
I have a HOA of five,
Mainly over a maintenance of a private road.
It’s brutal, this small tribe..
I think a lot of people forget that millennials had a decade of wanting to live like “FRIENDS”. A bunch of them gathering and living together in an apartments. Which also contributed to the lack of home building. That helped cause the housing crisis!
More like wanting to live like famous rap stars.
A TV show. Yes that caused it for sure.
@@lyleburlingame2276 hahaha I chuckled at this too
Millennial gals consider Gucci bags an investment, Ken. Like Beanie Babies.
Yet if you go out on the town, these same people are spending money like drunken sailors. And most all of the expensive homes in the suburbs around my city are owned and occupied by Millennials. The whole story isn't being told on this video.
They will be fine. Their wages will shootup with hyperinflation. They just need to come to terms of starting a family in a rented apartment.
Houses are going to come down because no one has the salary to buy those homes
And the long-term hotel pays the utility bills for you! Cheaper than rent and includes utilities.
THANK GOSHHHH for HOA'S!!!!!!!!!!!!!!! I plan on moving into a 55+ resort community and I'll be damned if some "investor" wants to bring in tenants (without the implementation of the rules). For now, I do own a rental, but I plan on selling and then buying in that MPC community.
Yup. I'm sick of living next to loud trailer trash with barky dogs and beat up motorhomes parked in front of my place. I went to a retirement community with CC&R's (no formal HOA) and it's sooooo much better. Clean quiet and civil over the alternative any day.
Renting can make sense if the renter is happy with renting a smaller living space than the typical home in their market and if they then save and wisely invest the difference in cost between renting and owning.
For example, renting an 750sqft apartment for $1k a month instead of buying a 2,000sqft home that’s $2500mo all-in.
The issue is that many people don’t know how to wisely invest the leftover cash and may lose more in the market than they can stomach compared to using it to buy a larger home.
Lol. Buying a home is a hedge of inflation. Funny. U have to be able to afford to buy the home, maintain, and pay for insurance and property tax.
Sack on debt at peak market... Very smart advise...
Id say vast majority of what Dave Ramsey says is good advice up until some forms of investing. Dave has a very low risk tolerance for debt and that approach helps the majority of Americans as the majority are broke.
Investing by saving up to pay cash is pretty much a pipe dream though... Also a Dave thing...
"Thank a Dem voter near you."
stupidity has no limits 😅
Thanks to democrats, they doubled my equity because of inflation . I didn’t vote for them, but they brought lot of tenant for me from those democrat states 😂😂😂
It was trump that sent out the stimulus checks to people during COVID. He signed off the 7x increase in the monetary supply increase from the Fed.
I think things are a bit worse than the pink, red, and green chart show.
when interest is 9% it's a joke. should be zero percent loans until payment it defaulted. make these kids pay 50 to 100 a month also.
They might pass rent control in California. I don’t know what you think about that but we can invest in AI.
There needs to be builder incentives to make smaller properties.... why go through all the work to build a 3 bedroom when you can add two more for 30K and charge 75K more. AND local governments need to allow more home conversions. Keeping every house a SFH limits density and they do it on purpose....
I am a mellenisl, 30. I left the service with nothing. Went to school. I lived in my car and starved myself to buy my first duplex 5 years ago. I just closed on my second one
It shouldn't be that hard to start
$600 K is cheap in Sydney. Try 2m for a basic home.
If a Millenial just start to buy their first house now it is hard to be qualify also hard for them to understand/justify the difference of the rent and mortgage monthly payment. Older Millenial are at early 40s I believe most of them already have a house. Younger Millenial at their late 20s and been gone through the past 5 years of Chaos pandemic, if they are not financially cautious and educated it is hard to enter the market now. Especially in high price area e.g Seattle, San Francisco, New Yok etc.
Good point!! Thanks!!
I love your channel!
The problem is the price of homes...this was the problem all along because of the Covid Absurdity. The absurdity in home pricing won't last forever.
Prices of homes fall and property taxes fall, so the government has an incentive to raise prices. Population was falling, and prices would fall. When the steel industry left western Pennsylvania the population fell by 400,000 people. Pennsylvania‘s population did not grow for fifty years. In western Europe the population of Spain, Italy, and other countries in Europe are falling: prices of housing has fallen and people are moving there into housing that sold for a dollar on the condition the new owners will fix up the house. There have been sixteen million illegal immigrates entering the United States in the last twenty years which has supported the housing market and prices therefore property taxes. There have been millions legal immigrates into the United States that have also helped the prices of housing.
Thanks a lot for answering my question
a good stock to check out is house hack
Why can’t we get a manufactured home and also families have to live together and also never sell a family home can’t sell it. That’s all don’t sell. Don’t buy $1 million home instead invest that money some other way because why do you want to have $1 million and a home it’s not gonna go up anymore.
"Throw a renter in there". This comment sounds like people who rent are like second class citizen.
Move out of the city. Lots of houses at 150k
Do you have any class in the winter time? I would like to take my daughters to attendance in your class when they're not in the school.
Y3s, the doctor can't afford a home wnd you can't afford medical care. Seems like the market works.
My nephew didn’t buy last couple years just invested, house he looking at dropped price he pay cash. Still money left from his investments. Multiple approach I guess
I think millennials are holding out hoping they can inherit something.
Midas touch
She has such classy, dignified posture.
at 9.5% student loans, they're better off not wasting money on higher education, they can learn better online anyway.
I don't see rents going up even if I flation continues.. people can't pay there bills now.. how can rent go up when everything else is going g up at well?
Sounds like renting might be better if you live in an expensive area.
Co signers
Too much soup not enough steak.
While it's true a lot has changed, most boomers lived what we would consider mediocre lifestyles. Work for 40 years, buy used cars, work two jobs, and retire broke except for the house. The same inflation that has made their homes worth a fortune is what has made their retirement worthless. I meet boomers who eat the equivalent of cat food and scrape buy on a fixed income, but hey, they own a house. People take their parents' advice, and then get mad when they end up with the same hard life their parents have.
Mil home ownership is at 52 percent
👍
The trends and information available one must ask is the USA still the best option or is their other options, where their is huge problems that will require a tremendous amount of pain and effort the fix I have my predictions and it's not good for the USA and the people of and in this country time to ask oneself what would be a good opportunity out there, beside the USA, sorry all, 😢
A generation probably not individuals who know what they are doing can.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the real estate & financial market, so I'm concerned about my $200k stock portfolio.
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
NICOLE ANASTASIA PLUMLEE is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.
I've experimented with a few over the past years, but I've stuck with ‘’Nicole Anastasia Plumlee” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Lispy
The trick was not falling into the trap of going to collage and getting a bs career. Work your way through your own education. I don’t believe rentals is the fastest way to grow wealth. Building your capital value is much easier and faster. It’s free fake money that anyone can take from thin air!! Start with an empty piece of land and build something of value ie a house. In between nothing and something is where the true money is. Later you can chill on rentals. If you try to build wealth through debt using rentals you will just add to the problem. Solve the problem by building more houses. What you can make with 10 years of rental returns you can make in 6-8 months. Do the maths.
Why did millennials get pitted against baby boomers-I’m generation X, which is 1965 to 1980. How come this generation is never discussed - I’m not upset about it. It’s just an observation.
They are the kids who were picked on in school and now are taking revenge on everyone as payback.
Good stuff in this video. The number one worst thing a millennial can do in my opinion is take the "usual" life/career advice from the baby boomer generation. The situation has just changed far too much.
I am supposed to have a lot of things. But reality of it is the American Dream wont happen for me.
Real Estate, Tim
8:15 hopefully this keeps people from going to school and becoming so WOKE...perhaps they will be forced to become financially educated vs institutionalized
What happens when all the boomers pass away and all these homes are readily available? With the decrease in marraige and children you guys haven’t put in demographics into this equation?