“Fill This ‘Prescription’ and You’ll Be Wealthy”
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Every time I hear about livestock in an equation I imagine George outside the picture saying “sell the *****, it doesn’t know your name” lol
Dave telling the caller to buy a home for a hundred grand is just like when he tells callers to buy a car for $1000. You can do it, but expect to need to spend a lot more money on it in the near future.
@@silentnot4812Requiring how much maintenance internally? 🤔 🤔
Depends on where ...
There are still near $100k, 3 br, 1.5 bath, decent homes, not in ghetto neighborhoods near me.
I bought my truck for $1400 in 2009 and still drive it daily. If you know how to maintain them and operate them correctly it can serve you.
@@fhuber7507 You're the second person to make such a claim but not say exactly where. The US census doesn't even track prices at $100K, the lowest they go is $125K. I'm not saying that $100K homes aren't available somewhere, but they are priced accordingly: either few people want them for WHAT they are or few people want them for WHERE they are, or both. Not really so different from that mythical $1000 car.
@@tinkerbear3458 Oh please. I own a 1996 Grand Cherokee daily driver and I know how to repair and maintain it, but that isn't reality for the vast majority of vehicle owners. It's worth A LOT more than $1400 today, but I would never recommend it to ANYBODY that wanted reliable transportation and couldn't afford the repairs.
Who cares if the property isn't appreciating---you have no mortgage or rent payment.
The point is to build wealth and not put more money into a depreciating asset.
People who are trying to build wealth and assets? 😂
@@bestservedchill1489: How much money could it really be costing to maintain the property each month? I don't know the answer, but I'm certain it's less than the cost of a conventional house.
@@bestservedchill1489
Dave's empire is the Carrot of wealth building.
I have a $100K/yr government pension and free lifetime family healthcare
no wealth, just living well.
retired young.
It is not an asset if never to be sold.
My home is in an irrevocable trust, I DON'T own it.
Definitely some truth to this. You can invest what you're saving on rent/mortgage wisely and build wealth.
In the 1950's, my grandfather bought six 1-acre plots of land for his six children. He signed the land over to each of them when they turned 18 starting in 1960. Three of them (including my mother) immediately sold the land for a few hundred dollars. The other three kept the land and soon after they became owners, they bought used mobile homes and lived in them on their land for more than a decade while they saved up to build houses on their land. All six are all in their 70's and early 80's now. I don't know their overall net worth, but I know that all six children ended up owning paid-off homes worth $400K-$500K. The money that the 3 siblings "invested" in their mobile homes was not any more wasted than the money the other 3 spent on rent in their early adulthood.
If junkies live next door, it will be difficult to sell your mobile home. Good luck 🍀
No not really. We had some fine junkies nextdoor to us. No problem
When we had to sell to relocate for a job.
She doesn't sound high class.
@@djpuplex das rite shay do int
@@user-ob1oi7kn2w I love that your comment auto-generates a "Translate to English" link. 😂
@@CarlGorn ya ay luv dat too rite
“You really are over sharing” 😂
My parent's bought their manufactured home on 3 acres for $120k and sold it 10 years later for $410k. They bought their new home with less land outright. My dad had to downsize on the chickens but they are now 100% debt free.
~60 years ago, a person bought 50 acres and subdivided it into 1 acre lots,
flat land overlooking the ocean in Cailfornia.
He put cheap singlewides on them to rot.
Zoned MH1, for mobile home >>>> $1MM/lot. today
It's not the mobile home that went up in value. It's really the land that went up.
@rodrigosanroman5858 the manufactured home was put on a concrete foundation.
@@rodrigosanroman5858good manufactures homes usually appreciate, just usually more slowly than a traditional home. Mobile homes are the ones that actively depreciate.
All mobile homes are manufactured. Not all manufactured homes are mobile. Although they don’t use the term “Mobile Home” anymore, Mobile homes are built on a trailer. I wouldn’t consider that as a housing option, but it works for some people. However, I wouldn’t hesitate to buy a stick built “Modular” house made in a factory. I’ve worked on them and they are built quite robustly to handle the rigors of transportation and handling.
Don’t move until the other debt is paid off.
It's PAID FOR. The loss is already there. No need to move at this time just because it's a mobile home.
Nope, going down in value every year. Unless the land goes way up to offset the home loss.
I want to know where you find this "little rent payment" that also doesn't have drug addicts next door.
I did a little research and they can get a 3 bed 2 bath in Cedar Rapids for 99,500 on zillow. In the city, decent neighborhood. The property is old and beat up, the carpets need a good cleaning, but yeah, beats an RV for sure.
In most states $250k is the bottom for a home that you can buy that is move in ready. I feel like Dave is giving her the right advice it he may need to rethink those numbers on the house. If she is selling her trailer for $100k she’s probably not gonna get a house for that.
Nothing worse than someone who hoards animals. Get your life in order and get pets in a reasonable manner...
Actually happier having bought a mobile on it's own property and paying cash. Gave $75k on a 'hoarder house' in 2019, one acre, came with a mobile, a one car garage, a 500 sq ft ADU, a 16 x 14 metal shed and a greenhouse, one mile from the ocean and 4 miles from the Redwoods. Took a couple months of hauling off junk, but it was worth it in the end. If we wanted to build a conventional home on the property, that's a possibility should we choose to in the future. A conventional home in town would have cost much more and came with substantially less land. Not having a mortgage or debt has allowed us to save much more than I ever imagined.
VT247
Where is the fantasy land where nice homes are 150k🤔???
South Louisiana. South MS
Anywhere outside a major city it can be done.
@@tristan2332I live in pa BelleVernon houses are like 200 k in Pricedale scary run down trash the good ones are around 350 their crazy prices for far from a major city
@@tristan2332 oh so places where no jobs exist. Got it!
Places with a lot of violent crime.
I was today years old when it clicked for me that Rachel is Dave's daughter .... Glad I'm no longer this oblivious with finances 😭😂😂
They already took the biggest hit on mobile home depreciation... It got delivered.
From there, it's cheaper to stay in the mobile home than to pay rent.
Wear that thing out.
That's their cheapest option.
I agree. I don't see wasting money on rent as being better than wasting money on depreciation.
One acre is not enough land for all those animals.
I'm on one acre and have a cat, 3 dogs, 20 chickens, and 2 pigs. It's plenty of space.
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
She is really a good investment advisor.
I privileged to attend some of her seminars, that's how I started my crypto investment
wow, it's so relaxing to see my Mentor speak here, I thought I'm the only one who knows Ms. Sonia, I think her good works speak for her now, she has built a good legacy for herself.
Mrs Sonia Duke is gradually getting the recognition she rightly deserves. She's worked for it and this is only a testament of her good works for families
I'm glad to write her today I do hope she will help me handle my paycheck properly☺️☺️☺️
If it’s paid for, stay put. You can’t guarantee you won’t get neighbors on drugs again. Mobile homes aren’t the Antichrist. I thought being debt free was the goal.
I grew up on a farm and had my own herd of cattle for a while. I still cry when my animals die. Cattle and cats not so much, but horses and dogs are like family.
There is literally a country that WORSHIPS cows and you do not give a darn about them. How many people care about horses? And how many care about dogs? Priorities...
250 mil 18 plus yr olds in the US. Median (not the less useful mean) personal income is 40k. Median house price is 426k as of last summer. The gulf between somebody earning only half of the median, 20K (about 25 percent of the population) and half of the median house price of more than 200 is a lot of gulf
When has the median 18 yr old ever been buying a home?
About 35+ years ago. Pretty common for 18 to 20-year-olds. Dave got into real estate at 18, albeit with help from his parents, but still it was pretty common. If you're under 40 right now, I can imagine that's hard to believe
Prior to the 2000s. I was late buying my first house at the age of 22. People were making fun of me. And that was fairly justified! Of course this was many moons ago.
Query:
HINC-04
Non-family male householder
Median income ~$52K
Median personal income in the US is just over 40k, according to the FED, as of 2022. It was about 34 and change about 20 years earlier. Not a lot of movement relative to costs that have moved a whole bunch
People saying you can't buy a house for $150k, has never looked at the house markets, in "fly over states" 😂
Plenty of people are buying houses for less than that in Ohio!! Just depends on how crazy inflated the houses are in your area!
Highly doubt the value is in the mobile home, its in the land. So getting a house is not going to be feasible in the same area full stop. Also very much doubt the have the chickens and the rabbits as pets... its food, so bills will go up if they leave. Pretty crazy Gordon isnt telling them to look at what can be done to develop the land they have. Reduce expenses to the bare bones, pay off the debt and then save to build an actual house
If you're over 55, there are lots of decent manufactured homes in nice communities where you own the land and pay no space rent.
We pay between 210 and 310 a month for HOA which includes an 18 hole and 9 hole golf course. My only complaint is that in the Palm Desert area it can get up to 115 degrees in the summer, so it's a great time to take a vacation if you can afford it.
I love my cat!! But I laughed at the "Fifteen of them have to go. Maybe 16."
Yes, she can find a house in Iowa for $150,000.
However...to say to just go save $100,000 in the next two years while renting? They won't be able to do that part.
No ones buying a home for $150k lol
Look at the "fly over states", and you will find plenty of cheap houses.
That’s how much tiny homes are now, unfortunately.
Yeah. I live in the cheapest state and 150K buys you a small house in an area with gunfire.
Plenty of them in southern Ohio and not tiny homes. Their regular size 3 bedroom ranch houses not McMansions.
@@RamblingRiyzeneven if the fly over states, 150k is a mobile home or a cabin in the woods. You’re looking at a minimum of 200k these days
I live in Canada, you can’t get a tree house for $100K. But I watch anyway to take the info I can use and let go the ones I can’t
Me too! You cannot get the tree that the house is on in BC! 🤣
Yall git on em rice n beens😅
I’m a cat person and have a dog but someday I’m going to work hard to get that cat! The worst feeling is putting down a dog I’d be crying too
Dave owns over 200 houses,sell her one for onefifty k 😂
Where is Dave getting a house for 100k?
That would be a fixer upper. Then it will cost more then 100k after you fix it.
Nothing wrong with a mobile home. Who care how much it is worth if it is already paid off.
It is already paid off. I would keep it.
i agree with your sentiment about a mobile home as long as its on good land that will go up in value and you dont plan on moving, and dont really care about passing on a valuable home to your kids. regarding 100k homes, you're wrong, at least in Iowa homes are very cheap, it isnt San Francisco. she was in Cedar Rapids so google "cedar rapids Iowa zillow" and i see a dozen perfectly fine homes for 70-100k. 3 bed 2 bath 1466sqft for 99k
I agree mostly but they care because he looks at everything through the lens of "wealth building" and mobile homes generally lose value every month. In my area though they do not lose value fast though -- usually less than or close to the inflation rate so i disagree with renting being better financially.
@@tonystarks8883 It's a house that they live and, and is paid off.
If she buys a house for like 200k.
On a 15 year mortgage, that is 1.5k a month.
30 year, is 1.8k.
If she invest 1500 a month for 30 years. That's 2.2 million.
If she invests that 1.8k a month for 15 years, that 633k.
A house that you live in, don't worry about how much it will sell for later on.
Dave, what if I choose to live in a mobile home on several acres in the country, to avoid paying too much in taxes if we had a house?
One good thing they don't have to pay lot rent that is were they get you I've seen trailers that aren't worth the lot rent.
The land is theirs's. There's not lot rent.
Buy a nice place for 150k? Where?
Mars🤷🏿♂️
You can!...
Just get a time machine to go back.
Yeah dave is out of touch on that subject. More like 350k
@@user-rw8zj1td9v it really depends on the state and proximity to cities. Iowa isnt an expensive state, you can find a 1950's or so remodeled home for 150k absolutely. wow, its even better than i thought google "cedar rapids Iowa zillow" and i see a dozen perfectly fine homes for 70-100k. 3 bed 2 bath 1466sqft for 99k
U can buy a great house in NE Ohio for 150,000
How is the weather and can it be hit by a tornado?
Where are these 150k houses? Thailand? Come on, Dave.
Small town midwest.
@@sweetiespoon5150 not in my small midwest hometown. But yeah they're probably out there I guess
She needs to shop for some top shelf Responsibility and pay off her debts now.
Rent is throwing money away and paying some other jerks mortgage
This reminds me of "sell the horse"
If you’re buying a house under 100k, I guarantee you the neighborhood will have just as many drug addicts in them…
I would dump that $13,000 car loan for sure 100% but I don’t get about people is they’re all about keeping a car loan. I’d rather have the house.
Love know what this 100k home going to look like,,,, with the average price of today is 400k.. then have to put home into fix it,,,
google "cedar rapids Iowa zillow" and i see a dozen perfectly fine homes for 70-100k. 3 bed 2 bath 1466sqft for 99k
30 seconds of research gets you better results than youtube comments, unless someone like me responds with said results lol.
Or sell the cars
“And you can go buy yourself a nice place for $150,000 in 2 years…” 😶
You can find a reasonable home way out in the country for 150k
They are in Iowa. You can find cheap houses there still
@@skylarclement9575 Wyoming, too.
@@skylarclement9575yes! Just googled properties in the area! Over 200 homes under $150K, some with fenced in yards!
@@skylarclement9575Ohio too. Picked up 2br condo for 180 and two 3br houses for 92k averaged
I live in Northern California, expensive area, trying to invest in the south part of bay area with the program Housekeys, if you know something about that or any advice will be appreciate it, thank you.
Housing costs will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you find an independent advisor who knows about the financial markets.
This is exactly why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitabIe downward turns, their skiIIset makes it nearly impossible for them to underperform. I've been utiIizing a manager for more than two years, and I've made over 85% of my initiaI deposit
I hope you don't mind if I ask you to recommend this particular coach you using their service...
'Angela Lynn Schilling, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable asset.
She looks to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
My Dad has never cried until our dog died😢
Was the dog's name Chunks?
'You really are over sharing..' 😂 love watching Dave and Rachel
Dave really needs some Stephen Covey training. Stop talking over people and “seek first to understand”.
"Miscellaneous debt" is a sure sign someone is bad with money.
Dave knew he was talking to a loon so he matched her energy
Couldn’t she sell, get her $100,000 then pay off her debt - then use the other $50,000 for a down payment on a new home with some land?
I mean once she said drugs. Yep. Move. I would gladly put myself in financial ruin where i could only retire with ss before i ever considered staying near the drug house. So yeah. Im moving aggressively. As in im hanging up the phone and the house is instantaneously up for sell. I do not tolerate that behavior one bit. If you want to do that stuff go do it on the street like everyone else.
If that wasn't a thing... id say why bother selling unless you want a house. You have no house payment. You insurance & property taxes are minimal because of the mobile home. Id need to see all your numbers to get a clear picture. But its highly likely your ability to invest and gain USEABLE wealth in the state your in would far exceed your ability if you purchased a house. I mean if you don't want to live there it doesn't matter. Id mostly agree with dave though i think his numbers are not realistic. But if you like your home. Who cares if its loosing buying power. Would you rather have 3 million in investments and buy 3 million in groceries or.. 2 million of investments abd this random asset you can never take advantage of? (Arbitrary numbers)
Im not criticizing ownership of a house. I love owning my home and hopefully she will too. But i disagree with the idea you have to have one to do well. You simply don't. Math tells you it doesn't need to be this way. Its easier in some cases. Its more likely. But there are plenty of examples of where you could rent your entire life or live in a trailer on a farm and have more grocery buying power than an alternate universe you who bought a house.
Dave the only house they can buy for 100grand is a crack house!!lol
Roughly 120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
You need to hire a financial advisor to help you diversify your portfolio by including Mutual Funds, Etf's, the 11 GICS groups, inflation-indexed bonds, and stocks of companies with reliable cash flows rather than growth stocks, where prices were based on future prospective earnings.
That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of 550k, which is about 10 times more than I average on.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor
Thanks for this tip. His website popped up on the first page immediately I searched THILO MOUKOKO name, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.
Where houses are still being sold $100k and $150k dollars
warehouses*
Small town midwest
Lots of places....see them even in parts of rural Florida.
If you could buy a house for $113k, life would right itself. You could essentially proportion the house cost of 1938 to that pricing (minimum wage was $0.25/hr. to now $7.24/hr. so 29x) and pretty much live life like it was 1938 (except for groceries, utilities, etc.)
But then again, who wants to live in rural FL? People get shot and never heard from again.
WV has homes for $100,000. Do they have a kitchen??? Probably not… 😂
She might sell the home for 100k but the next day would spend it on a truck and other stuff
Sell the chickens. They dont even know your name
What is a "season"? Summer?
These 2 are used to living in thousands square foot house. So they don't think that no one should live in a mobile home.
They don't have an issue with the size of the home. The issue is the home goes down in value instead of being one of your largest appreciating assets.
@@superblump87 Who care's what it will be worth in a couple years. It was cheap, and is paid off.
Not everything is about depreciation.
Sounds like a scam to me
Nice & 150k is not possible
Depends on where you live.
The $150k is just a down payment in today's house.
$150K for a home… lol maybe enough to just buy the land
Spoken from a place of ignorance.
There is plenty of undeveloped land that goes for under 2k/ acre & there are plenty of decent 150k homes to be had if you ignore the big cities.
What kind of drug use? For all we know it can just be weed.
Still unacceptable and disgusting.
@@amireallythatgrumpy6508 Most states it is now legal.
@@jimmymcgill6778 Lots of asinine things are legal.
I don’t know why some people dislike cats. Dogs are great too. Cats are very clean, adorable, loving, and independent. My best friend used to hate them until her mother got one. Now she’s wild about them.
Cats are clean and independent to themselves. They rely on YOU for food and shelter AND they mess up everything around them.
You're not going to find a home that much land for $100k in 2024.
Move to small town midwest. Plenty to be found.
Ehb
This show better be careful with out of touch advice. It’s really going to turn off younger viewers who are facing reality and not the 1980s/1990s like boomer economy.
One must stay away out of all debt except for a mortgage save invest with a dual income or very high income /business. The game sure is different but principles still apply like live below your means
Debt is debt. There is no discrimination.
Not everyone lives in California. There's dirt cheap homes in other states 😂
Imagine being so confused that you think Americans are facing reality. Americans avoid reality.
A man that refers to animals as his children is VERY weird.
I guess you just call me weird then huh! I got two for babies and I'm not scared to say it!
Well call me weird then.
Your pets are your kids.
Trash
she doesn't shut up jeesus
Americans - yikes!