My thoughts exactly. As Shelby was reviewing the numbers, I was thinking that she also needs to consider the content revenue generated from this project. Certainly not something representative of the short term rental equation for all investors, but likely a significant factor for her in evaluating if this project made financial sense for her when considering this aspect as well. I would be fascinated to see her calculate how much TH-cam revenue came from this project, including sponsorships, etc.
Hindsight is 20/20. I personally think you made a good decision at that time as someone who invests in both real estate and the stock market. You probably made the difference in your Adsense/sponsors from the Palms Spring content. You, friends, and family have been able to use the property for quite a bit. From my perspective it led to your parents and sister moving to Palm Springs too. It’s not all about the dollars on paper when looking at your life holistically.
The way to think about this that makes sense is really more that you bought a vacation home that is coming close to paying for itself. You also have the option to someday make it a primary home. And if you do end up retiring in Palm Springs, like your parents did, you will have a fully paid off home. I agree that people are constantly looking for a get rich quick, passive income way to make money. So it is really valuable for people with that mindset to hear stuff like this. As to the stock market, I am older than you and know many, many people who lost considerable amounts of money by not timing the market correctly. There are no guarantees of life.
Thanks for being transparent and sharing the other side!! I think of this all the time and tell my husband unless you’re doing it all yourself it’s a lot of money to up keep! Cleaning after each guest, Repairs, Toiletries provided Water, electric, yard maintenance, internet, TV streaming, managing the property and talking to guest 24/7 if they’re having issues with anything, the list goes onnnn It’s a lot.
My husband and I have been working with Joseph Nick Cahill for years, and he's helped us keep more of our money by optimizing our tax situation. It's not about cheating the system.
You are building a legacy with your sister buying this property, it’s worth way more than a financial investment, in my eyes you guys made a great decision The market is so unpredictable, but you guys have put so much effort and love in this home, + made lots of content that brought in some money as well!!
Tennis serving practice exercise: 1) with a serving motion, try to hit the back fence. This gives you the feel for how everything has to sync to get power in your serve. Many beginners who haven't played a sport like baseball don't have a feel for the throwing motion. 2) with your serving motion, snap your wrist so the serve hits down sharply on your side of the net. This gives you a feel for how to add wrist snap to the power from 1). After hitting several practice serves as above, then practice your usual serve. You want to feel as if your racket is hitting up and over the ball, rather then pushing from below and behind/
As someone who also has an Airbnb, there’s also something to be said of diversifying your investments! We also don’t look at the full mortgage as a cost since that’ll come back to us if we sell. If our rental income is covering maintenance + interest on our mortgage we consider that a win.
When you said you didn’t analyze the numbers when you bought your house that’s mind blowing to me. I guess when money isn’t an issue you can make decisions with little thought being put into them.
@@tawanabanks4299 I did roughly analyze the numbers, but I was just SO off because I didn’t realize just all the expenses that were involved, and what you can realistically rent for based on the season. So it was just a very very bad analysis lol where it feels like to me now, not even helpful
It became a vanity project and chasing a trend at the time. The Air BNB market has changed in many tourist cities, so it's hard to project that. It would help if you had a CPA do the math for you. It will be hard to stomach because the amount of capital invested is most likely a loss even after selling.
Remember when you trimmed the bushes and the Palm springed behind them and then it revealed the mountain in the background!! I will never forget that, I thought it was pretty cool and beautiful!! (During the renovation)! So cool ☀️😎👍
The house is worth it in the end because it will be somewhere you will want to retire too and it will cost a bazillion dollars if you try to buy it in the future, take it from me, never sell it unless you are getting something better in the area.
@@dpoca while you can’t ever truly have a guarantee, the historical data in my opinion makes it feel like a pretty good bet that you can get around 8-10% per year usually
@@shelbychurchvlogsI mean, or just appreciate having a home that other people would kill for. If you wanted an investment, put it in the market. Please never buy an ‘investment’ property again, it’s gross.
The current PE of SP500 is 29 almost 30. Buffett has $300 billion of treasury on hand and doesn’t want to buy anything. Maybe now is the Bigger Pocket moment for stock - not terrible but won’t be great either
@@shiyifan Buffett sold his shares. He is holding back. Right now it's not a good time to invest in the stock market. There's a looming crash. The stock market is currently inflated since covid. A lot of stocks are overvalued. Too many people buying stocks because of the brand name and not because of their financials. The stocks will have a correction meaning a big dip is going to happen. There will be alot of losers. The winners will buy at the time of the lowest part of the dips. Buffet is waiting for the dips. It's even said we think we are headed for a recession.
Thanks for the tip on Moneywise, a very helpful podcast! Loving how open and transparent they are. Same goes for TH-cam with the stuff you and Graham do - the transparency makes it so much easier to connect with. So there may have been better things to do with the money than the Palm Springs house, but that provided really great content for the channel and obviously a holiday house. And a little diversification doesn't hurt! I can't wait for your next house purchase, really hoping you go further into remodelling it, because you have a great sense of interior design and that stuff is always interesting to watch. Loving your journey and wishing you the best for it!
Always good to diversify your assets, and that house and the experiences you have had there are really amazing - you don’t “experience” life in the stock market. Hope you continue to enjoy it!
As others have commented you gained a beautiful home that friends and family enjoy as well. The stock market can be very fickle-and it seems you are at least covering the operating cost of the house thru short term rental. Would be interested to see what the projected numbers would be if you did a long term rental-something you mentioned considering for the future. Enjoy your home when you can, it’s beautiful. I enjoyed watching the renovations and all the updates you share. Looking forward to Joshua Tree-(with some tennis content-loved the red tennis set btw😀🎾🏠)
For your Palm Springs house you also got an amazing place to use with your family and friends, and got a lot of content out of the reno. If the stock market crashes your money is gone (but you are younger so have time for it to come back), if your house crashes in value, you still have the physical house, and people always need a place to live. You can always rent it, sell it or live in it!
it depends how you do real estate and where so its not the case for all STR. We purchased for 246k put 20k down. It makes 4-6k a month on airbnb plus we live on one side and don't pay rent. WHEN we move out it would be 10-12k a month. no permits needed. the tax benefits cancel out the maintenance and it will be cashflow forever. much better than the stock market and it also appreciated a lot.
You can't assume that stock market will always return that. It can easily go negative for years. Also being diversified is good. The second properties do have to purely financial, you don't need two houses in Palm Springs.
Decision of purchasing Home wasn't a problem. Not every stock is guaranteed to give profit of 80% (or for that matter any X% ) in 4 years, if there is 100% certainty of such a known stock to definitely give 80% profit in 4 years , then yes such Stock would be better than purchasing a Home, but this isn't the Case with stocks in general! One may look back at stock market 4 years ago and may try to compare with present, There ain't a sure shot way to pick some stock and be assured of 80% or 70% returns in 4 years! Same problem applies in past and now (and perhaps in future too). (Studying a particular company's growth prospects and picking a specific stock is a different task altogether, Every stock trader may want to succeed, but results aren't same % returns for all stock traders as we see! Not all stock traders got 80%+ [or stock market growth%] profits in these 4 years )
Indeed. The "stock market" might not have capital gain every year but a simple portfolio of a few dividend paying stocks could safely spit out 4% yield, first year and dividends that then increase faster than the inflation rate going forward. The value might bounce up and down but it will trend up over time and you have an ever rising stream of income to spend, put into other investments or just reinvest back into the "stock market". If one just invested in the SP500 for the lass 20 years, the dividend income stream grew by an average of 8.16% per year and compounded at 7.27% per year while the value appreciated at 8.2% per year (no dividend reinvestment). For the last 15 years the numbers are 6.5% and 8.3% while the value appreciated at 11.72% (no DRI). For the last 10 years 7.15% and 6.28% for the dividend growth and compounding and 12.06% annually for value appreciation. The last 5 years, which means Covid is in there too, still the income stream grew by 5.48% per year and compounded at 4.24% p.y. and the value grew by 12.8% per year. In 2009 there was some dividend cutting that happened within the SP500 companies but by the end of 2010 the income stream was back on the climb. Had one started in 2004 your first dividend on 1 share of SPY would have been $2.20. This year it should come in at around $7.88. Share price appreciation is also up nicely, about 415% since Jan 2004. FYI - you can be an investor without being a trader and most traders are not really investing but speculating.
@@mjs28sClearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window: Since effort exists in your comment, will reply in scope of 4years: 1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" --> This is speculative! This is a recipe for disaster! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks. a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it ! 2) regarding "The last 5 years .." --> in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this! Imagine: Had SP500 fell in last 4 years on the whole, Can that fall let one decide against investing in SP500 for next 4 years? Such linear attempt to interpolate market on price graph and basing decision on it is extremely dangerous!! Not sure whether I stressed enough , Past performance of 4 years is not an indicator of future performance failure/success of simple portfolio or SP500 or a stock in next 4 years!! More elaborate approach of analyzing underlying stocks and choosing longer term for SP500 investment that is backed by calculations also factoring in known and expected factors would be more prudent! Experience is a bad teacher! It gives test first and lesson comes later!! One must steer clear from getting carried away by past historical charts and wishing similar outcomes in a horizon like 5 years and making simplistic speculative decisions!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window: Since effort exists in your comment, will reply in scope of 4years: 1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" --> This is speculative! Losses ahead! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks. a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it ! 2) regarding "The last 5 years .." --> in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this! Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years? Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!! If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality! Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future. More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent! One must steer clear from getting carried away by past historical price charts and wishing similar outcomes in a horizon like 5 years and making decisions based on it!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window: Since effort exists in your comment, will reply in scope of 4years: 1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" --> This is speculative! Losses ahead! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks. a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it ! 2) regarding "The last 5 years .." --> in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this! Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years? Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!! If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality! Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future. More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window: Since effort exists in your comment, will reply in scope of 4years: 1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" : This is speculative! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks. > Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it ! 2) regarding "The last 5 years .." : in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this! Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years? Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!! If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality! Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future. More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent!
Shelby, I love the background about how you study your home in Palm Springs and how it was doing. It seems with Joshua Tree with the ability to rent more will make your house there make economical sense. One thing you might want to try in Palm Springs is Brandini Toffee. I think you'll love what they have to offer. Again, loved your vlog!!
I agree , you shouldn’t regret it . But what question is should you still do the Joshua tree Airbnb? I live in New Zealand and when I look at Airbnb in USA with all the fees etc I find it pretty expensive. We stay at hotels much cheaper and easier . Maybe worth it if a group going to share fees ?
The real mistake is getting into a house with another TH-camr in Joshua tree at a time when interest rates are high in a touristy city at a time where Airbnb is struggling with people going back to hotels due to ridiculous costs. That one I never understood why you got into it. You just like deisgning a house. Could have done that in a actual city where people want to live.
The house is actually in Palm Springs which is one of the top weekend trip destinations for the 8 million people in LA County. It wasn't a bad location choice, Airbnb just isn't as trendy as it once was.
@@StopThatSquirrel Yes this house is in palm springs and I think it is with her sister which is fine but she is building a new construction with another TH-camr in Joshua free . They haven't got the permits yet for that one but she has been talking about it for a year or so
happy belated birthday to Momma Church!! (see, i'm late too, don't worry :) I'm sure she understood and appreciated your thoughtfulness no matter the date)
Awesome video!!! Love your outfits! I am definitely going to use that wet bandanna trick when I play tennis. The salad looks so good. Wow the sky is so dusty! The Sun is so pretty. That house is so modern. That pie looks so good! -Rory❤❤❤
To be fair, no one could have called how the stock market would do over the last four years. Pretty crazy returns. I have a rental property and dividend stocks (with covered calls on top of them) and I like having both.
As someone that ran acquisitions for a development firm for 10 years, I want to let you know that New Construction is the absolute riskiest asset class. You may get your permits, and maybe entitlements are easier than Los Angeles new development (where I worked), but BEWARE OF CONTRACTORS. CHANGE ORDERS ARE COMING! Excited to see how the project unfolds... Best,
@@shelbychurchvlogs This is true. I don't get why older homes sell at a high price when there's a lot of work needed to put into it. Old homes have lots of overall issues and like you said cost a lot to maintain. The new homes are less maintenance but all that depends on quality of work being done. I know people that built a brand new home and had a lot of issues where things were not done properly which caused issues years later.
Palm springs house for you would be different due to your income from content and adsense. Also there are tax breaks from owning property that you do not get from other investments. And of course you can use it and have other people basically paying for it for you. Short term returns do not predict long term returns. If you want to buy a property you HAVE to consider a term longer than 5 years. Wait 5 years and update this video and we can see how much the diffierence would be. Oh and take into consideration the tax break, because that should be included in your analysis.
The tax break is minimal. You have to have income to write off expenses. Even then it's only to your effective tax rate. The whole myth of tax benefits of real estate is so overblown that average investors just don't have a clue.
Yeah I wanted to buy a house in the palm springs area but I ran all of the numbers and it never worked. Can you run the numbers on your house in Joshua Tree?
You have discovered why homes are called “The Money Pit.” I did the math several years ago. Owning a home is a huge expense and a drain on savings. Besides the regular basic cost of the home, there are the big-ticket expenses that will hit after about ten years. These include items like replacing the roof shingles, water heaters, kitchen appliances, etc. Yeah, those don’t last forever. Even if they do, when you are finally ready to sell, you realize that everything in the house is outdated. So, you need to remodel the kitchen and bathrooms to make it appealing to a buyer. I estimated that it would take about 15 to 20 years before a home becomes profitable via appreciation.
From a financial standpoint though, you've also been able to generate a lot of income through your content creation on your airbnb experience! So the intangibles through views and subscribers that translate to more future views unrelated to the airbnb... It's probably generated much more money for you than you realize! 💞
awesome vlog, love the bit about running the numbers! you should submit that section to Ramit Sethi - he's always talking about that, and I'm sure he'd love the content to commentary on. also, question: what happens to your solar panels with all the ash (not to mention dust from the desert)? If your loungers have a layer of ash on them, i'm sure the panels do too. does someone come by and clean them off once in a while?
I try to do fifty percent real estate and fifty percent rental properties. Its worked good for me the 35 years I have had rental properties. I am starting to wind down the rental properties, and selling one or two a year. Its a good feeling.
Off topic. On your tennis serve you get your power from a wrist snap, not your shoulder. Talk to a tennis pro about this and your serve will dramatically improve. Love your TH-cam channel. Great work.
I cant afford a $750k house in Palm Springs. too hot there too. I bought my 2008 home 1580 sf 3 bed 2 bath 2 car garage in Joshua tree CA for $215k in 2017.
Keep in mind that you also get a depreciation non-cash expense for tax purposes, so that boosts your cash on cash return. Plus, this is an asset that will eventually have the debt paid off, but then will still be producing cash flow. It's an important component of building your asset portfolio for financial freedom, but you have to have a long-term view.
she owns half of the property. She is probably feeling a little bit of regret and hindsight bias where her money would have done much better. It's been a money pit for her and her sister.
It would be cool to do some unique builds where people can make money by living there but are also giving back to people who don't have money and need housing. I know it's complicated when people want to protect their property and assets, but if they can write off real estate philanthropy, there could be a way to make money while also helping house people. The design of the homes would be the clinker since people have different values. Love your content -- :Dwellineer
You also have to factor in your time and energy spent (and will continue to spend) on this house. Not to mention the liability risk. A well diversified stock portfolio isn't subject to natural disasters.
honestly I think it’s good if buying homes for short term rental isn’t worth it. it is inflating the price of homes so much, so many people can’t afford to buy their own homes anymore. really sad situation.
@@DrMichellePonder it doesn’t really inflate them that much though, because the neighboring cities don’t allow it at all anymore and are still so expensive!
Her share is half the house and since its an investment property the gains will be taxed and they will pay tax recapture (unless it is invested in another investment property)
So I think it's a few things it's the market you decided to purchase in and the amount you decided to spend on the purchase + reno. You've could've gotten a few houses in a city... Say Charlotte, etc. even if they were new flips, you would have cash flowed probably a lot more year-round than your Palm Springs homes. Especially if you did midterm rentals you don't have to worry about frequent turnover. I figured you took guys show the Palm Springs location because you guys want to actually spend time in the property as well. Airbnb is definitely not dead, but it just all depends on your strategy. I cash flow so lovely and bought my homes around the same time you purchased the Palm Springs property.
Next time perhaps do a live-in flip that way you don't have to put as much down and you can turn it into a rental in a year. I'm not sure if you listen to BiggerPockets money that's how Mindy made so much $$
its how real estate is.. people truly don't do the math well. if they did they would realize the market beats it almost everytime except in inflated pandemic bubble
Everything is overvalued versus historical norms. It's hard to know what asset classes will lose less in real dollars as time goes on. One thing that I would say is nobody should have bought a house for the short term rental market.
You cant time the stockmarket or the housing market. That is why you spread the risk ,. You can't foretell the future. Plus you didn't lose money. Plus this is just a snapshot in time. Look again at the numbers in 10 years.
Stovk market is good short term depending on cycle. Real estate is long term investment, so stovks would have better ROI considering the macroeconomics in the last 5 years
I do securities backed financing borrowing 4-6% per year, because our portfolio managers fund generally always performs higher than that on average 10%. Debt can’t be taxed and to hedge risk even more it’s great to have positive cash flow from income as well as real estate assets. Just protect the principal. Be sure to vet all investors. They should be accredited or qualified. Stay away from day trading apps and honestly any “retail” stock platform. There is a reason brokers are licensed. Blessings on your financial journey Shelby.
Hi Shelby. Please share us tips and secrets how you have managed to achieve such pretty, long and thick hair despite blonde coloring? Thanks in advance.
owning a property is worth so much more than investing in stocks. I mean not necessarily always money wise, but also in long term if you are not very experienced in trading stock, as this is more complicated and needs a constant eye to track the market. And you also have to think that not every stock you invest in is going to bring you money, but I guess you already know that.
u made sooooo much content during the reno and after so $$$$$$ and so many new consistent viewers too (like me)
Good point
Yes, definitely and I’ve enjoyed all the renovations and updates to the yard and pool area.
My thoughts exactly. As Shelby was reviewing the numbers, I was thinking that she also needs to consider the content revenue generated from this project. Certainly not something representative of the short term rental equation for all investors, but likely a significant factor for her in evaluating if this project made financial sense for her when considering this aspect as well. I would be fascinated to see her calculate how much TH-cam revenue came from this project, including sponsorships, etc.
I came here just to say this. Because of the house you gained X number of new viewers in addition to X amount of monetized content.
She is well aware, but confident TH-camrs believe they could have created alternative content that would preform similarly.
Hindsight is 20/20. I personally think you made a good decision at that time as someone who invests in both real estate and the stock market. You probably made the difference in your Adsense/sponsors from the Palms Spring content. You, friends, and family have been able to use the property for quite a bit. From my perspective it led to your parents and sister moving to Palm Springs too. It’s not all about the dollars on paper when looking at your life holistically.
Agree. I also think it's good to diversify your assets
The way to think about this that makes sense is really more that you bought a vacation home that is coming close to paying for itself. You also have the option to someday make it a primary home. And if you do end up retiring in Palm Springs, like your parents did, you will have a fully paid off home. I agree that people are constantly looking for a get rich quick, passive income way to make money. So it is really valuable for people with that mindset to hear stuff like this. As to the stock market, I am older than you and know many, many people who lost considerable amounts of money by not timing the market correctly. There are no guarantees of life.
First time commenter, long time watcher. Love the breakdown of numbers and your content in general.
Thanks for being transparent and sharing the other side!! I think of this all the time and tell my husband unless you’re doing it all yourself it’s a lot of money to up keep!
Cleaning after each guest,
Repairs,
Toiletries provided
Water, electric, yard maintenance, internet, TV streaming, managing the property and talking to guest 24/7 if they’re having issues with anything, the list goes onnnn
It’s a lot.
We don’t look at the full mortgage as a cost.
It would be better if our rental income covers maintenance.
Does the stock market have risk ?
It does and it’s good to diversify !!
My husband and I have been working with Joseph Nick Cahill for years, and he's helped us keep more of our money by optimizing our tax situation.
It's not about cheating the system.
Money invested is far better than money saved, when you invest it gives you the opportunity to increase your financial worth.
Indeed, during these challenging times, having access to the right financial expertise can be a game-changer.
You are building a legacy with your sister buying this property, it’s worth way more than a financial investment, in my eyes you guys made a great decision
The market is so unpredictable, but you guys have put so much effort and love in this home, + made lots of content that brought in some money as well!!
I appreciate you being so transparent about your financial decisions. I feel as if I am learning from a friend.
Tennis serving practice exercise: 1) with a serving motion, try to hit the back fence. This gives you the feel for how everything has to sync to get power in your serve. Many beginners who haven't played a sport like baseball don't have a feel for the throwing motion. 2) with your serving motion, snap your wrist so the serve hits down sharply on your side of the net. This gives you a feel for how to add wrist snap to the power from 1). After hitting several practice serves as above, then practice your usual serve. You want to feel as if your racket is hitting up and over the ball, rather then pushing from below and behind/
As someone who also has an Airbnb, there’s also something to be said of diversifying your investments! We also don’t look at the full mortgage as a cost since that’ll come back to us if we sell. If our rental income is covering maintenance + interest on our mortgage we consider that a win.
That's not how you calculate ROI. mortgage cost and interest are part of the formula.
@@sterlingmarshel6299 it girl math she likes to do lmao
When you said you didn’t analyze the numbers when you bought your house that’s mind blowing to me. I guess when money isn’t an issue you can make decisions with little thought being put into them.
@@tawanabanks4299 I did roughly analyze the numbers, but I was just SO off because I didn’t realize just all the expenses that were involved, and what you can realistically rent for based on the season. So it was just a very very bad analysis lol where it feels like to me now, not even helpful
It became a vanity project and chasing a trend at the time. The Air BNB market has changed in many tourist cities, so it's hard to project that. It would help if you had a CPA do the math for you. It will be hard to stomach because the amount of capital invested is most likely a loss even after selling.
Remember when you trimmed the bushes and the Palm springed behind them and then it revealed the mountain in the background!! I will never forget that, I thought it was pretty cool and beautiful!! (During the renovation)! So cool ☀️😎👍
The house is worth it in the end because it will be somewhere you will want to retire too and it will cost a bazillion dollars if you try to buy it in the future, take it from me, never sell it unless you are getting something better in the area.
I looove when you share your financial lessons…new outlooks..along the journey…etc ❤
Your hair has always been gorgeous but that new tool and styling technique is where it’s at!!!❤️
Very smart to share the numbers. So many people are glassy eyed about a venture, without a pragmatic view of cost analysis.
Stock market is so unpredictable and doesn’t get you a home you can live in whenever you want
@@dpoca while you can’t ever truly have a guarantee, the historical data in my opinion makes it feel like a pretty good bet that you can get around 8-10% per year usually
@@shelbychurchvlogsI mean, or just appreciate having a home that other people would kill for. If you wanted an investment, put it in the market. Please never buy an ‘investment’ property again, it’s gross.
The current PE of SP500 is 29 almost 30. Buffett has $300 billion of treasury on hand and doesn’t want to buy anything. Maybe now is the Bigger Pocket moment for stock - not terrible but won’t be great either
@@shiyifan Buffett sold his shares. He is holding back. Right now it's not a good time to invest in the stock market. There's a looming crash. The stock market is currently inflated since covid. A lot of stocks are overvalued. Too many people buying stocks because of the brand name and not because of their financials. The stocks will have a correction meaning a big dip is going to happen. There will be alot of losers. The winners will buy at the time of the lowest part of the dips. Buffet is waiting for the dips. It's even said we think we are headed for a recession.
@@justace123just because you're envious doesn't mean people can't have regrets and learn what they like and don't like to do with their money 🙄
Thanks for the tip on Moneywise, a very helpful podcast! Loving how open and transparent they are. Same goes for TH-cam with the stuff you and Graham do - the transparency makes it so much easier to connect with. So there may have been better things to do with the money than the Palm Springs house, but that provided really great content for the channel and obviously a holiday house. And a little diversification doesn't hurt! I can't wait for your next house purchase, really hoping you go further into remodelling it, because you have a great sense of interior design and that stuff is always interesting to watch. Loving your journey and wishing you the best for it!
Always good to diversify your assets, and that house and the experiences you have had there are really amazing - you don’t “experience” life in the stock market. Hope you continue to enjoy it!
Always enjoy your vlogs Shelby !!
that's so cool you turned being a youtuber into being a real estate developer
Nice to see you here Decoy, you’re doing well this year on TH-cam as well good sir. Keep it up 👍
Your vides are the best. Love your charing these topics in a flowing fun way
i lovedd hearing your process on breaking down if the STR was worth it or not! i always learn something new watching your videos!! love it!!
As others have commented you gained a beautiful home that friends and family enjoy as well. The stock market can be very fickle-and it seems you are at least covering the operating cost of the house thru short term rental. Would be interested to see what the projected numbers would be if you did a long term rental-something you mentioned considering for the future. Enjoy your home when you can, it’s beautiful. I enjoyed watching the renovations and all the updates you share. Looking forward to Joshua Tree-(with some tennis content-loved the red tennis set btw😀🎾🏠)
one thing i also learned the hard way...the stock market can be stressful, but home ownership is honestly a lot more stressful
For your Palm Springs house you also got an amazing place to use with your family and friends, and got a lot of content out of the reno. If the stock market crashes your money is gone (but you are younger so have time for it to come back), if your house crashes in value, you still have the physical house, and people always need a place to live. You can always rent it, sell it or live in it!
it depends how you do real estate and where so its not the case for all STR. We purchased for 246k put 20k down. It makes 4-6k a month on airbnb plus we live on one side and don't pay rent. WHEN we move out it would be 10-12k a month. no permits needed. the tax benefits cancel out the maintenance and it will be cashflow forever. much better than the stock market and it also appreciated a lot.
You can't assume that stock market will always return that. It can easily go negative for years. Also being diversified is good. The second properties do have to purely financial, you don't need two houses in Palm Springs.
Decision of purchasing Home wasn't a problem.
Not every stock is guaranteed to give profit of 80% (or for that matter any X% ) in 4 years, if there is 100% certainty of such a known stock to definitely give 80% profit in 4 years , then yes such Stock would be better than purchasing a Home, but this isn't the Case with stocks in general!
One may look back at stock market 4 years ago and may try to compare with present, There ain't a sure shot way to pick some stock and be assured of 80% or 70% returns in 4 years! Same problem applies in past and now (and perhaps in future too).
(Studying a particular company's growth prospects and picking a specific stock is a different task altogether, Every stock trader may want to succeed, but results aren't same % returns for all stock traders as we see! Not all stock traders got 80%+ [or stock market growth%] profits in these 4 years )
Indeed.
The "stock market" might not have capital gain every year but a simple portfolio of a few dividend paying stocks could safely spit out 4% yield, first year and dividends that then increase faster than the inflation rate going forward. The value might bounce up and down but it will trend up over time and you have an ever rising stream of income to spend, put into other investments or just reinvest back into the "stock market".
If one just invested in the SP500 for the lass 20 years, the dividend income stream grew by an average of 8.16% per year and compounded at 7.27% per year while the value appreciated at 8.2% per year (no dividend reinvestment). For the last 15 years the numbers are 6.5% and 8.3% while the value appreciated at 11.72% (no DRI). For the last 10 years 7.15% and 6.28% for the dividend growth and compounding and 12.06% annually for value appreciation. The last 5 years, which means Covid is in there too, still the income stream grew by 5.48% per year and compounded at 4.24% p.y. and the value grew by 12.8% per year.
In 2009 there was some dividend cutting that happened within the SP500 companies but by the end of 2010 the income stream was back on the climb. Had one started in 2004 your first dividend on 1 share of SPY would have been $2.20. This year it should come in at around $7.88. Share price appreciation is also up nicely, about 415% since Jan 2004.
FYI - you can be an investor without being a trader and most traders are not really investing but speculating.
@@mjs28sClearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window:
Since effort exists in your comment, will reply in scope of 4years:
1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" -->
This is speculative! This is a recipe for disaster! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks.
a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it !
2) regarding "The last 5 years .." -->
in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this!
Imagine: Had SP500 fell in last 4 years on the whole, Can that fall let one decide against investing in SP500 for next 4 years? Such linear attempt to interpolate market on price graph and basing decision on it is extremely dangerous!!
Not sure whether I stressed enough , Past performance of 4 years is not an indicator of future performance failure/success of simple portfolio or SP500 or a stock in next 4 years!!
More elaborate approach of analyzing underlying stocks and choosing longer term for SP500 investment that is backed by calculations also factoring in known and expected factors would be more prudent!
Experience is a bad teacher! It gives test first and lesson comes later!!
One must steer clear from getting carried away by past historical charts and wishing similar outcomes in a horizon like 5 years and making simplistic speculative decisions!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window:
Since effort exists in your comment, will reply in scope of 4years:
1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" -->
This is speculative! Losses ahead! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks.
a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it !
2) regarding "The last 5 years .." -->
in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this!
Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years?
Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!!
If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality!
Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future.
More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent!
One must steer clear from getting carried away by past historical price charts and wishing similar outcomes in a horizon like 5 years and making decisions based on it!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window:
Since effort exists in your comment, will reply in scope of 4years:
1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" -->
This is speculative! Losses ahead! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks.
a) Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it !
2) regarding "The last 5 years .." -->
in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this!
Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years?
Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!!
If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality!
Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future.
More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent!
@@mjs28s Clearly 4 years is the timeline repeatedly mentioned in my previous post, response will be limited to 4years window:
Since effort exists in your comment, will reply in scope of 4years:
1) "a simple portfolio of a few .. first year and dividends that then increase faster than the inflation rate going forward" :
This is speculative! Picking a simple portfolio of a few dividend paying stocks and assuming one would turn profitable is seriously fraught with risks.
> Some times companies take Dividend route to keep investors happy when company has uncertain future or has other troubles. In such case there can be loss of capital itself and/or dividend cuts in future! So profits and ever rising income in 4 years!! sounds like trouble. Analyizing underlying stocks that would become part of portfolio is definitely needed and picking just a few dividend stocks for 4 years isn't going to cut it !
2) regarding "The last 5 years .." :
in scope of 4-5 years horizon, when an investor makes a decision, SP500 is a risky proposition and there are involved calculations to back this!
Imagine: Had SP500 fell in last 4 years overall, Can that fall let one decide against investing in SP500 for next 4 years?
Attempt to interpolate market on price graph direction and basing decision on it is extremely dangerous!!
If this is based on assumption that price graph direction overall would remain on similar growth lines, then it can't be any more far from financial reality!
Not sure whether It is stressed enough, Past performance of 4 years is not an indicator of future success/failure performance of simple portfolio or SP500 or a stock in next 4 years!! Price graph is not ensured to stay in same direction and growth in future.
More elaborate approach of analyzing underlying stocks in portfolio and choosing longer term for SP500 backed by calculations also factoring in known and expected factors would be more prudent!
I feel like you could make a whole video on the cost profit analysis of that potential house!
Yep, successful investing can be as easy as investing in a S&P Index fund. Had rental property in the past. Never again.
Shelby, I love the background about how you study your home in Palm Springs and how it was doing. It seems with Joshua Tree with the ability to rent more will make your house there make economical sense. One thing you might want to try in Palm Springs is Brandini Toffee. I think you'll love what they have to offer. Again, loved your vlog!!
I agree , you shouldn’t regret it . But what question is should you still do the Joshua tree Airbnb?
I live in New Zealand and when I look at Airbnb in USA with all the fees etc I find it pretty expensive. We stay at hotels much cheaper and easier . Maybe worth it if a group going to share fees ?
1:33 I love your hat and black sunglasses combo! It's giving Duffman from the Simpsons!❤
Was the Seattle house you own with Monica worth it from a financial standpoint?
I would say yes. The Seattle real estate market is strong.
But if the market crashes you will be happy your assets are in property.
diversify :)
if the stock market crashes the housing market will crash too. Diversification doesn't remove risk
The real mistake is getting into a house with another TH-camr in Joshua tree at a time when interest rates are high in a touristy city at a time where Airbnb is struggling with people going back to hotels due to ridiculous costs. That one I never understood why you got into it. You just like deisgning a house. Could have done that in a actual city where people want to live.
she'll get a ton of content, brand deals, adsense, etc. from the build - you have to factor that into it too
Hopefully she can buy him out at some point.
The house is actually in Palm Springs which is one of the top weekend trip destinations for the 8 million people in LA County. It wasn't a bad location choice, Airbnb just isn't as trendy as it once was.
@@StopThatSquirrel Yes this house is in palm springs and I think it is with her sister which is fine but she is building a new construction with another TH-camr in Joshua free . They haven't got the permits yet for that one but she has been talking about it for a year or so
@@swithheld9905 not enough to offset huge losses
happy belated birthday to Momma Church!! (see, i'm late too, don't worry :) I'm sure she understood and appreciated your thoughtfulness no matter the date)
Awesome video!!! Love your outfits! I am definitely going to use that wet bandanna trick when I play tennis. The salad looks so good. Wow the sky is so dusty! The Sun is so pretty. That house is so modern. That pie looks so good! -Rory❤❤❤
Did you take into account the money from adsense and sponsorships from content on renovation?
To be fair, no one could have called how the stock market would do over the last four years. Pretty crazy returns. I have a rental property and dividend stocks (with covered calls on top of them) and I like having both.
Can’t wait for that weird guy who’s obsessed with you to make a video about this with your face in his thumbnail! 😂
As someone that ran acquisitions for a development firm for 10 years, I want to let you know that New Construction is the absolute riskiest asset class. You may get your permits, and maybe entitlements are easier than Los Angeles new development (where I worked), but BEWARE OF CONTRACTORS. CHANGE ORDERS ARE COMING!
Excited to see how the project unfolds...
Best,
Why are u building another house if it’s a bad investment?
Airbnb vs building a house does not compare. LMAOOOOOOOOOO.
@@Lucysil1970 new construction is better deal imo and less maintenance because everything is brand new
@@shelbychurchvlogs This is true. I don't get why older homes sell at a high price when there's a lot of work needed to put into it. Old homes have lots of overall issues and like you said cost a lot to maintain. The new homes are less maintenance but all that depends on quality of work being done. I know people that built a brand new home and had a lot of issues where things were not done properly which caused issues years later.
New build quality is so bad in general
@@lrtb19 Do you mean the lumber? I think there's some good products used that enhances the home. Like foam insulation.
Palm springs house for you would be different due to your income from content and adsense. Also there are tax breaks from owning property that you do not get from other investments. And of course you can use it and have other people basically paying for it for you. Short term returns do not predict long term returns. If you want to buy a property you HAVE to consider a term longer than 5 years. Wait 5 years and update this video and we can see how much the diffierence would be. Oh and take into consideration the tax break, because that should be included in your analysis.
The tax break is minimal. You have to have income to write off expenses. Even then it's only to your effective tax rate. The whole myth of tax benefits of real estate is so overblown that average investors just don't have a clue.
The fire looked like that all the way out in Temecula. It was crazy. We had a ton of ash.
Investment & money lessons. Great vlog shelb 👍
The golden necklage just looks good!
I like the Tommy Bahamas restaurant in Palm Desert rather than the one in Palm Springs. I like the full service.👍
lol
Yeah I wanted to buy a house in the palm springs area but I ran all of the numbers and it never worked.
Can you run the numbers on your house in Joshua Tree?
Where are you getting the 80%+ number?
@@duc25xr the last 4 years of the s&p 500
I think if you got in when the stock market went quickly down to 20,000 in 2020 right after the lockdowns.
@Sharylanne then there was a huge loss in 2022 of around -18%
You have a holiday house in Palm Springs to enjoy though, that's pretty priceless. Plus you made money from the videos
You have discovered why homes are called “The Money Pit.”
I did the math several years ago. Owning a home is a huge expense and a drain on savings. Besides the regular basic cost of the home, there are the big-ticket expenses that will hit after about ten years. These include items like replacing the roof shingles, water heaters, kitchen appliances, etc. Yeah, those don’t last forever. Even if they do, when you are finally ready to sell, you realize that everything in the house is outdated. So, you need to remodel the kitchen and bathrooms to make it appealing to a buyer. I estimated that it would take about 15 to 20 years before a home becomes profitable via appreciation.
Firsttt ❤❤❤ love you Shelby ❤
Did you try to buy the dean Martin house in palm springs.
From a financial standpoint though, you've also been able to generate a lot of income through your content creation on your airbnb experience! So the intangibles through views and subscribers that translate to more future views unrelated to the airbnb... It's probably generated much more money for you than you realize! 💞
awesome vlog, love the bit about running the numbers! you should submit that section to Ramit Sethi - he's always talking about that, and I'm sure he'd love the content to commentary on.
also, question: what happens to your solar panels with all the ash (not to mention dust from the desert)? If your loungers have a layer of ash on them, i'm sure the panels do too. does someone come by and clean them off once in a while?
Keep in mind we haven't seen a true stock market pullback since 2008 recession. See also: the lost decade
great vlog! thanks for all the tips shelby
I try to do fifty percent real estate and fifty percent rental properties. Its worked good for me the 35 years I have had rental properties. I am starting to wind down the rental properties, and selling one or two a year. Its a good feeling.
Off topic. On your tennis serve you get your power from a wrist snap, not your shoulder. Talk to a tennis pro about this and your serve will dramatically improve. Love your TH-cam channel. Great work.
I cant afford a $750k house in Palm Springs. too hot there too. I bought my 2008 home 1580 sf 3 bed 2 bath 2 car garage in Joshua tree CA for $215k in 2017.
Shelby how many miles is your Model 3 and how much range have you lost? Wife and I both have Model Y.
Keep it simple.....Payoff the house you live in and enjoy the space. For investing....S&P 500 index fund.
the PS isn't hers alone. She would be paying Monica part too.
Keep in mind that you also get a depreciation non-cash expense for tax purposes, so that boosts your cash on cash return. Plus, this is an asset that will eventually have the debt paid off, but then will still be producing cash flow. It's an important component of building your asset portfolio for financial freedom, but you have to have a long-term view.
she owns half of the property. She is probably feeling a little bit of regret and hindsight bias where her money would have done much better. It's been a money pit for her and her sister.
You are forgetting with a home you can leverage at a lower rate than taking out margin in the stock market. Leverage is key for gains.
I only think of Tommy Bahama has the clothing apparel brand. Lol. Happy Birthday Mom Church.
Hey Shelby ❤ love your channel
Aww moms still love things that we make them! ❤️❤️❤️
It would be cool to do some unique builds where people can make money by living there but are also giving back to people who don't have money and need housing. I know it's complicated when people want to protect their property and assets, but if they can write off real estate philanthropy, there could be a way to make money while also helping house people. The design of the homes would be the clinker since people have different values. Love your content -- :Dwellineer
You also have to factor in your time and energy spent (and will continue to spend) on this house. Not to mention the liability risk. A well diversified stock portfolio isn't subject to natural disasters.
honestly I think it’s good if buying homes for short term rental isn’t worth it. it is inflating the price of homes so much, so many people can’t afford to buy their own homes anymore. really sad situation.
@@DrMichellePonder it doesn’t really inflate them that much though, because the neighboring cities don’t allow it at all anymore and are still so expensive!
Turn it into a Mid-Term rental for displaced families. Insurance companies are good customers.
Look into a short term rental near Asheville or Gatlinburg TN. Asheville is only an hour from Greenville!
You taught me more about purchasing a home than my Econ teacher
yeah better just buy large cap index fund and let it ride, you dont even need to stock pick. you absolutely right
The music on hold sounds
like the song....Shot Gun.
To me having a house that can be sold if something bad happened seems more stable than the stock market.
Her share is half the house and since its an investment property the gains will be taxed and they will pay tax recapture (unless it is invested in another investment property)
I enjoy making spreadsheets in my spare time. I call them budget reports, but basically the same thing. lmao. I like numbers and simple math.
“I’m not really interested anymore after running the numbers.”
The idea is to run the numbers first.
Before buying.
Would love to hear who from BP you watched? I would like to see what they think about the numbers
So I think it's a few things it's the market you decided to purchase in and the amount you decided to spend on the purchase + reno. You've could've gotten a few houses in a city... Say Charlotte, etc. even if they were new flips, you would have cash flowed probably a lot more year-round than your Palm Springs homes. Especially if you did midterm rentals you don't have to worry about frequent turnover.
I figured you took guys show the Palm Springs location because you guys want to actually spend time in the property as well. Airbnb is definitely not dead, but it just all depends on your strategy. I cash flow so lovely and bought my homes around the same time you purchased the Palm Springs property.
Next time perhaps do a live-in flip that way you don't have to put as much down and you can turn it into a rental in a year. I'm not sure if you listen to BiggerPockets money that's how Mindy made so much $$
I ran the numbers… this video was worth every minute. :)
@Shelby Church Vlogs
Maybe there's another market to advertise to?
Do you have any big plans for your 30th birthday In February?✌️❤️🇬🇧
Where did that new dog come from?!
Gosh that dog is adorable
Have you looked at Reits?
its how real estate is.. people truly don't do the math well. if they did they would realize the market beats it almost everytime except in inflated pandemic bubble
Everything is overvalued versus historical norms. It's hard to know what asset classes will lose less in real dollars as time goes on. One thing that I would say is nobody should have bought a house for the short term rental market.
The house looks good but I don't think it looks like it's had $200k renovation work. You'd probably be more careful next time
Great thing about houses you regret you can sell it and move 👍
You cant time the stockmarket or the housing market. That is why you spread the risk ,. You can't foretell the future. Plus you didn't lose money. Plus this is just a snapshot in time. Look again at the numbers in 10 years.
all assets rise and fall at the same time now. Diversification is a myth
Stovk market is good short term depending on cycle. Real estate is long term investment, so stovks would have better ROI considering the macroeconomics in the last 5 years
wrong - stocks long-term outperform housing.
I do securities backed financing borrowing 4-6% per year, because our portfolio managers fund generally always performs higher than that on average 10%. Debt can’t be taxed and to hedge risk even more it’s great to have positive cash flow from income as well as real estate assets. Just protect the principal. Be sure to vet all investors. They should be accredited or qualified. Stay away from day trading apps and honestly any “retail” stock platform. There is a reason brokers are licensed. Blessings on your financial journey Shelby.
Can you talk more about the stock market?
Hi Shelby. Please share us tips and secrets how you have managed to achieve such pretty, long and thick hair despite blonde coloring? Thanks in advance.
the stock market is not guarenteed return as well, there are times it will tank hard hahaha
owning a property is worth so much more than investing in stocks. I mean not necessarily always money wise, but also in long term if you are not very experienced in trading stock, as this is more complicated and needs a constant eye to track the market. And you also have to think that not every stock you invest in is going to bring you money, but I guess you already know that.
who is the new dog, is it your Mom's, Happy belated birthday Momma Church!
That’s teddy not a new dog
@@emilypage5103 lol that's a tiny dog, it's not Teddy