Absolutely! There is power in words! My family calls it a “Luxury Fund” because we see having the funds to help yourself out during an unsuspected emergency as a real luxury.
Please I need help, I lost tons of money on live trade, I thought is the same as demo trade because I was winning in my demo account. This is really frustrating and overwhelming. where do I start please?
As a beginner who don't understand how Bitcoin trade really work and really want to make profit from it. I will advise you to first start working with a professional broke
@@wilsonfred7863 Have you heard of Rex Coleman of UCLA financial institution, his methods are legit and works like magic, I keep on earning and learning every week with his new strategies.
True wealth is silver and gold, not paper dollars. You'd better convert while it's available and affordable. You don't want to be trying to buy when it's $100 an ounce.
@@colettejacinthia9405 Many credit cards offer rewards such as: Wells Fargo, Capital One, Chase, American Express, etc. Just make sure that whatever credit card you apply for is a rewards card when applying for a credit card.
The info you provide is wonderful, but your energy and positive vibe along with the love and respect that you show for each other is beautiful! Love how you two look at each other!
I believe it's good what you're doing but people that look like you do not have the education about money or finances or investing it would be nice if you could give more information to the to the basic understanding individuals because they will be listening to you it's just my opinion thank you
BUY SILVER. That's the NO 1 MOVE YOU NEED TO MAKE. JS. Precious metals like silver and gold keep their value. Get it before it's too late. I have over 90 pounds. The dollar is crashing.
Aha !!" Own your ownLifestyle" I love that Quote on your shirt. "Make your Next Move your Best Move" Hmnn people use Credit Card to get out of Emergency. People spend the Money that they probably don't have the savings for Ok. Get Rid of Consumer Debt because Credit Card allow people to Spend the money that they don't have. "Wealth is a Mindset" As long as you create a Cash flow love that quote. Money is a Tool for transaction Wealth is Health in my opinion. And I agree with you money is suppose to work for you And not the other way round. Own your life style! " True Wealth is having enough money to cover your Bills" Thank you Beautiful people. Thank you for sharing .
Wealth is when your passive income funds your lifestyle. If you have active income and you get let go you no longer have a stream of income. With passive income you have more control and can pivot to something else because you’ve gained back your time you can then learn other ways to diversify your cash flow.
Good video, I just wanted to recommend 10% going to church because it does say 10% is God's so we should be doing that first, God Bless you and your family.
Actually... the First thing you should do is make an emergency fund that is between 3 & 6 months, that will cover all your necessary expenses; if you haven't already done that. Then you can start with your side hustles. $1,000 in the bank won't get you much these days. You should probably have already done this before you get married.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on TH-cam here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended.
I just stumbled across your channel and I just had to subscribe. I love Black Love, Black Money, A Winning Combination when you're both on the same page.
All money is green, the color of someone's skin shouldn't have anything to do with this video...all TRUE love is beauitful!statements like this are why racism is still around.
@@Yoursmine24 First of all, if my comment bothered you, you could have just scrolled on by. Growing up Black, money is not always the topic of discussion. So as a Black woman, I love to see Awesome Black love and Black couples in general talking about money. That takes nothing away from other people's love or money.
So good to see our folk talking about more than rice water making your edges grow back or the latest make-up trend! THANK YOU!!! for raising the level of the $$$ conversation.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on TH-cam here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended.
Hi Darius & Carmen, how are you getting the whole life insurance policy and what amount $100, 000.00 - 300,000. Policy? Etc. What companies sell these types of policies? NinaNang
I am so happy that I found you guys. I am working on getting rid of the credit card debt immediately. I understand how things work better now than I ever have. Thanks so much!
20 percent of your earnings should go towards investments like etfs and index funds. Money sitting in the bank is worthless unless unless it’s an emergency fund. After you build up at least 6 months of living expenses your “savings” should go into investments.
Listened for the first time today... great stuff🙏🏾... love your delivery ...you guys work in harmony really well together 😇... tone, diction & delivery is REALLY important when talking about informational subjects. “Own your lifestyle or your lifestyle will own you”💗
If you have a credit card that gives you perks, the best way to use them is to treat the credit card like its a debit card. You dont use it unless you have the money in your checking account to pay it right back. That way you get the perk for using the card and you won't have a balance for the purchase, because you went and paid if off right after it posted to your account
You should also look to pay off your debt using the cashflow index. Frees up your casflow much faster...... Doesnt matter what method you use to get that debt get it done as soon as you can :)
I love the conversation, money should be a tool rather than be monetary. So true. Out of debt 2xs from credit. Now I have 10% monthly to savings while maintaining myself, normally with a balance. Learned this by doing a budget, having money available when needed for expenses. Then i realized I get a balance. Wow, changed my way of spending. Have more than 1g for emergency. Best advice for financial freedom, no credit card needed. Have c.c. with $0 balance. I am finally using my income to my benefit. Love your video.
*I agree & am thankful for all of this vital information you've shared.* *▪︎The only advice I disagree with is purchasing "whole life insurance" vs. "TERM". I see the best benefits in TERM life.*
The better benefits of Term vs Whole vs Universal Life insurance depends on the INDIVIDUAL. If Term is better for YOU, then have a Term policy, but only YOU and your ADVISOR\AGENT can decide that. Personally, I have both a Term and a Universal Life policy. My Term is 10 years, with about half of them left. I'm 30. I don't intend to extend my Term policy for another 10 years after, but I do intend to still have a life insurance policy until the day I day. At least 1.
Great video. I like the way you synchronise with each other instead of competing to talk over of one another; often couples make a mess of joint videos because the male ego spoil things.
You guys do so much for less. I like how you make it easy to understand and after watching your videos, I decided to get in the trade market which has turned out to be lucrative.
I watched an interview where a pro trade analyst was interviewed during an IPO and he talked enthusiastically about the trade market. I did a little research, got his name, HESTREL EGAN. My portfolio was split into a plethora of assets like the foreign exchange market and stocks, although I have long term investments with great potentials too. Needless to worry, I just reinvest at regular intervals, distributing funds to where he guides me to. I never make investments choices without him, it has enabled me generate more than six figures in residual income aside for retirement. You can find him on google, and thank me later.
The neatest thing about retiring comfortably is that I do not have to be part of the rat race anymore, I get to watch and get amused by rats scurrying as if possessed.
@@margaretlou3993 I’m learning to invest more, I have begun to devote my resources to assets with the largest potential for returns like stocks and forex with Hestrel too. So far I’ve been able to pay down debt, go back to school, and fix up the family house house with the surplus of my earnings.
I am fortunate and discipline enough to have taken my 17 year old to Dubai in March. I got points with my amex credit cards and payed them way before due date. Now i purchase small items $30 groceries and pay it right away. Credit score goes up and I win!!!!!!!
Like the classic song lyric goes.. "God bless the child that's got his/her own!" "Money is a tool, a tool that we use." Thank you Darius & Carmen for us helping think differently about our Wealth. Like B and Jay said in one of their songs from Everything Is Love album, "Got that dinero on my mind". You got that abundance vibe going! Truly grateful about finding your channel.
Thank you for the open invitation, being good hosts, cooking a great meal! I like how you both keep sharing what's good for us, in a very tasty way and making it easy to digest. :D You know how '''us folks" love relating everything to food!!
You guys really brought it in this video! It’s a game of chess! Also loved how you really snuck in credit cards might just be the “scam”. Keep up the great work!
Great logic guys!! Wealth isn’t always trying to win the lottery or a big jackpot at the casino. We have wealth right in front of us and don’t know it. Awesome knowledge!!
@@ramelhagins6698 I would break up into smaller amounts and startup several investments. Thru a investment firm. company. And of course buy estate asset.
You guys are absolutely right about the credit cards. Credit in general comes down to rather or not if one can afford their available credit. You just stated it different, but means the same. If one can afford to repay the debt, than credit cards is a good thing as long as your self disciplined enough to NOT change your spending habit after you recieve a new credit card. Example, before you recieved credit cards, you were spending 1/3 of your net income. After recieving credit cards, only charge the equivalent of the 1/3 each month you already spend. Your only substituting what you use to spend in cash, to now using your credit cards, but your not increasing your spending habit. You need good credit!!!
Simply put but valuable advice. Financial education is almost an imaginable concept that is so absent or lacking in the black community, in particular.
I “own 3 banks”. I was blessed to know Nelson “Nellie” Nash personally & he trained me. I don’t sell but invest or better said build a legacy. Velocity of $ in your CV/PUSis key. You’ve got to read his (Nellie) book 5x! Retrain your brain. Key here is properly structured policy with good dividend paying mutual life co. Like mass, guardian, AUL & others. You must become a student of Nellie’s work or IBC. Live WELL below your means! Be counter Cultural! Reply with questions I’m old & have been doing this to where my son will never need the evil banksters or help the illegal & unconstitutional federal reserve. Thanks Hamp
I personally thank God for you two. You have know idea how Important this is. When your Own is doing what you Couple are doing in these day and age, where Our People are drowning in negativity. I'm watching this with Pride and big smile on my face. There's Nothing like your Own teaching you how to command Wealth. And Stay out of debt. 👏👏👍👍. Thank you and continue Success.
Already doing what's you all suggest. So now I know like minded people. Lets me know I'm on the right track. Keep doing what you're doing for the people.
Just seeing this video! Great advice. I need to shout out my English teacher in high school, he taught us about life. He told us we were about to go out in the world we didn't need English lessons we needed life lessons. He told us if we were to use a credit card, make sure you have the money to pay it off when the bills came. Not to use the card willy-nilly, be mindful on spending. I always kept that in mind when purchasing things.... again, great advice! Keep up the videos!!!
What great advise, I have about $40,000 in the bank, and all I get is .46 cents in my savings and another so much in my checking. I need to invest and make my money work.
I like your approach MUCH better than Dave Ramsey’s! 🙌🏽🙌🏽 Dave says put $1000 away then pay consumer debt BEFORE paying yourself. Your approach makes much more sense to do both (save and pay off debt).
I think it really depends on your debt, the apr and how much you make. If you have a high apr you're going to end up losing more money than you save if you aren't paying it off right away
The order loans and credit cards should be paid is by the lowest Cash Flow Index (CFI) to the highest. Cash Flow Index = Total amount borrowed / Minimum committed payment. If the number is closer to 0 (inefficient) pay that one before paying the one that is closer to 100 (efficient). Examples: Credit Card- $10k @ 17% ($141.66 per month) CFI = 70.59___Pay this one first Mortgage- $115k @ 7% ($670.83 per month) CFI = 171.4___Pay this one last Personal Loan- $20k @ 12% ($200 per month) CFI = 100___Pay this one second Of course that's the best personal loan we will never see because most loans, in my experience, have a CFI of near 30 and my credit cards are closer to 50. Crushing the loan first, in this situation, will produce better cash flow.
Great Message…Love listening to you both make it so plain. Thank you for being a great financial power couple🙏 I am sooo onboard with IBC & love that you're sharing this important concept! Are you aware of the cashflow concept using IULs where you take 80% loan for 7 yrs & 100% 8+ years? I believe everyone should have the best of both worlds. Hope you'll talk about that at some point?
With my credit card, I only spend money that I do have, that way I pay my balance in full before the due date Been trying to figure out what to do with these refunds (school and taxes), glad this video popped up
Great information.. yall my new binge show.. lol.. already sharing video.. keep that info coming and we shall all be powerful soon!!! THANK YOU SO MUCH!
Agree with all of it but most importantly where you explain where you need to learn first before you start investing! So much wisdom here guys and I love your heart for helping others. Thanks for the video!
This is "real talk" and it requires an ear to hear with a mindset of learning the tools of Godly wisdom and influence because it's through Him that this great mentoring happens. Love it!!! Thank you for your boldness to step out and help others. New subscriber here!🤎💢👋🏾💢🤎
Save 40% or more of all your income THEN you will have money for opportunities to invest. I am saving 70+% of my income in my IBC accounts. There is a huge "fire sale" coming for investments!!
![[Re:all TREASURE] EP.6 in 방콕ㅣ🚩 쩡캠의 방콕 투어 빵 마이 와이 👍](http://i.ytimg.com/vi/uyFw-nItA_s/mqdefault.jpg)
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Absolutely! There is power in words! My family calls it a “Luxury Fund” because we see having the funds to help yourself out during an unsuspected emergency as a real luxury.
I will use that
Credit cards are good if u know how to manage money ....if u can't manage money then don't get a credit card
Please I need help, I lost tons of money on live trade, I thought is the same as demo trade because I was winning in my demo account. This is really frustrating and overwhelming. where do I start please?
All you need now is a professional trader else you will continue making losses
That's true most people today have been having a lot of failure in Fx and crypto sectors because of bad orientation and bad expert
As a beginner who don't understand how Bitcoin trade really work and really want to make profit from it. I will advise you to first start working with a professional broke
@@webermuller3985 How can someone know a professional account manager that is trustworthy when legit one are hard to find this days
@@miracle9587 I highly recommend Mrs Cathie Wood she's my current trader and her strategies are working
I love that true wealth is being able to pay your bills and have money left over.
I dont know who needs to hear this, you've got to stop saving money.invest some part of it if you really want financial freedom.
"some people are so poor all they have is money"
Assets and investment is that tiny line that separates the rich from the poor.
@@admin3427 invest in bitcoin, gold, silver, buy stocks, forex market, just invest and save yourself.
@@wilsonfred7863 about investment, Bitcoin is the future and with the help of a professional trader you can touch the skies.
@@wilsonfred7863 Have you heard of Rex Coleman of UCLA financial institution, his methods are legit and works like magic, I keep on earning and learning every week with his new strategies.
“True wealth is having enough funds to cover your bills”. Well said! Debt is bondage. I love the “give your money rules” concept.
When the Most Highs Word brought me that over-standing Debt is Bondage to the Systems that are put in place to destroy us.
True wealth is silver and gold, not paper dollars. You'd better convert while it's available and affordable. You don't want to be trying to buy when it's $100 an ounce.
🌷 Agreed.
I learned not to wait until the due date on any bills, but pay weeks before due date to stop late fees and to cut down on principle and interest fees.
I don't pay interest, and we live within my means. Stay positive!
I would like to know more
Contact my business account
+.1. .(3. 0. 4). 4. 8. .4‑5. 1. 5. 3. WHAT$//APP...
You’re so blessed to both be on the same page.
Exactly
I have two credit cards and only use them for things that I need and PAY THEM OFF AT THE END OF EVERY MONTH!!! I love getting reward points.
Contact my business account
+.1. .(3. 0. 4). 4. 8. .4‑5. 1. 5. 3. WHAT$//APP...
Mr Rex Coleman 👆👆
What two credit card give u rewards please?
@@colettejacinthia9405 Many credit cards offer rewards such as: Wells Fargo, Capital One, Chase, American Express, etc. Just make sure that whatever credit card you apply for is a rewards card when applying for a credit card.
I have $2000 set aside. $8000 in savings.
If you can spot me $80 that would be great, I’ll get you back in a week
@@Allen216. when your tax check comes?? Lmao
Awesome
@@Allen216. 😆
Credit cards are tools that you were given without instructions or warnings.
On purpose
I use eBay and PayPal to buy Physical silver.
The info you provide is wonderful, but your energy and positive vibe along with the love and respect that you show for each other is beautiful! Love how you two look at each other!
Powerful information
10 percent goes to the Lord before anything . You give back to the Lord where it came from in the first place the Blessings don’t stop 🙌🙌❤️❤️
Amen!!! Truth 🙌🏽🙌🏽❤️
The Lord don't want your money he wants your obedience respect and love
Why would the Lord need your money? 🤔
I fully agree, but understand not everyone is spiritual. But with that said, tithe away!
More like the church.
Great advice, but u guys shud give examples of what to invest in or diff ways to make passive income.
I 👍
My sentiment exactly
Make vague videos about the basics that everyone else does and monetize them
Yes tell us what to invest in, you're just like most money commercials talk loud but say nothing.
I believe it's good what you're doing but people that look like you do not have the education about money or finances or investing it would be nice if you could give more information to the to the basic understanding individuals because they will be listening to you it's just my opinion thank you
Money is neutral. This is an excellent bit of information. “Money is simply a tool”. Excellent!
love the concept "give each dollar a responsibility".
🌷 I really appreciated this point he made about every dollar having a purpose.
Dave Ramsey
BUY SILVER. That's the NO 1 MOVE YOU NEED TO MAKE. JS. Precious metals like silver and gold keep their value. Get it before it's too late. I have over 90 pounds. The dollar is crashing.
I have almost twice that much now
Aha !!" Own your ownLifestyle" I love that Quote on your shirt.
"Make your Next Move your Best Move"
Hmnn people use Credit Card to get out of Emergency.
People spend the Money that they probably don't have the savings for
Ok. Get Rid of Consumer Debt because
Credit Card allow people to Spend the money that they don't have.
"Wealth is a Mindset"
As long as you create a Cash flow
love that quote. Money is a Tool for transaction
Wealth is Health in my opinion.
And I agree with you money is suppose to work for you
And not the other way round. Own your life style!
" True Wealth is having enough money to cover your Bills"
Thank you Beautiful people.
Thank you for sharing .
Wealth is when your passive income funds your lifestyle. If you have active income and you get let go you no longer have a stream of income. With passive income you have more control and can pivot to something else because you’ve gained back your time you can then learn other ways to diversify your cash flow.
Definitely I am shutting down all other investment options, Bitcoin came through for me in my hardest times so am sticking to it.
I can boldly say despite the economic crisis facing the world, this is a still a good time to invest in Gold and Cryptocurrency
The rich spend less and invest more especially during economic crisis
Investing in these economic crisis will be one of the best things to do, only intelligent folks will agree
@@patriciofarfan5845 You're right I think Gold and bitcoin are the best to invest in right now☺️
Gold's are good but bitcoin has proven to be the best.
Good video, I just wanted to recommend 10% going to church because it does say 10% is God's so we should be doing that first, God Bless you and your family.
I put God first 20 percent and 20 for me God has blessed me !!
You need to throw god in the garbage and spend your whole 100% on some silver.
@@superseamstersewingshow514 😳😳
@@superseamstersewingshow514 you really don't know what you are saying! That's "drunk" talk.😦
Actually... the First thing you should do is make an emergency fund that is between 3 & 6 months, that will cover all your necessary expenses; if you haven't already done that. Then you can start with your side hustles. $1,000 in the bank won't get you much these days. You should probably have already done this before you get married.
Very smart couple and good role models for youth and mellinials. Keep up the good work, don't stop. Our people need you‼
Living within your means is the smart way of living
You both are awesome! It is never too late to take control of our financial wellbeing. Thank you so much for outlining how to do it.
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on TH-cam here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended.
OMG! You guys just turned the lightbulb on in my mind! Money as a tool is so liberating! I too am guilty getting emotional about money. Thank you!!!
You guys are a beautiful, intellectual and just a plain old commonsense couple.
Following the lead.
Peace.
I am what you all say is wealthy, I just do not do the right thing all the time 😔 so glad I came across your channel
I just stumbled across your channel and I just had to subscribe. I love Black Love, Black Money, A Winning Combination when you're both on the same page.
All money is green, the color of someone's skin shouldn't have anything to do with this video...all TRUE love is beauitful!statements like this are why racism is still around.
@@Yoursmine24 First of all, if my comment bothered you, you could have just scrolled on by. Growing up Black, money is not always the topic of discussion. So as a Black woman, I love to see Awesome Black love and Black couples in general talking about money. That takes nothing away from other people's love or money.
Y'all two are Beautiful. Thank u and Blessings
So good to see our folk talking about more than rice water making your edges grow back or the latest make-up trend! THANK YOU!!! for raising the level of the $$$ conversation.
Wow, you guys are young and carry a wisdom of finances. Wow!!!
You can pimp a credit card or it can pimp you...great vid....love the definition of "wealth"
Losing a job affect the credit card score. I was out of work for three years. I could not pay my bills. Had to sell my condo to pay my creditors, my frudbdrand family that loaned money. I've been employed three years now and bought another condo two years ago, but my credit score still bites. ( DO NOT OVERCHARGE)!! several of my account we're closed by credit card companies. It's impossible to know what will happen today or tomorrow because I believes my credit card will remain the same forever and after several credit card repair companies failed but on TH-cam here I got recommend to hackerjoyO can't say it all. But these guys saved my life. They're highly recommended.
Centralized Banking System Scam Lol
Hi Darius & Carmen, how are you getting the whole life insurance policy and what amount $100, 000.00 - 300,000. Policy? Etc. What companies sell these types of policies? NinaNang
I love 💕💕💕your positive energy.. It is beautiful to see a black couple educating others about finical growth. Be blessed🌟✨💕
You guys just popped up on my recommended videos and I'm so glad you did! Great information
I am so happy that I found you guys. I am working on getting rid of the credit card debt immediately. I understand how things work better now than I ever have. Thanks so much!
How does things work
20 percent of your earnings should go towards investments like etfs and index funds. Money sitting in the bank is worthless unless unless it’s an emergency fund. After you build up at least 6 months of living expenses your “savings” should go into investments.
Listened for the first time today... great stuff🙏🏾... love your delivery ...you guys work in harmony really well together 😇... tone, diction & delivery is REALLY important when talking about informational subjects.
“Own your lifestyle or your lifestyle will own you”💗
Stop listening to people who don't qualify to give you advice!👏
If you have a credit card that gives you perks, the best way to use them is to treat the credit card like its a debit card. You dont use it unless you have the money in your checking account to pay it right back. That way you get the perk for using the card and you won't have a balance for the purchase, because you went and paid if off right after it posted to your account
You should also look to pay off your debt using the cashflow index. Frees up your casflow much faster...... Doesnt matter what method you use to get that debt get it done as soon as you can :)
Cashflow index huh?
This makes so much sense. I wish I would have known all this info in my teens
Yes, this is what makes me angry with our education system. This should be taught in school at least from gr 9 to 12. It should be a mandatory class.
"Now the emergency is collecting interest " man that's a gem
Thanks we’re never to old to learn. I’m a senior and I appreciate the both of you.
I love the conversation, money should be a tool rather than be monetary. So true. Out of debt 2xs from credit. Now I have 10% monthly to savings while maintaining myself, normally with a balance. Learned this by doing a budget, having money available when needed for expenses. Then i realized I get a balance. Wow, changed my way of spending. Have more than 1g for emergency. Best advice for financial freedom, no credit card needed. Have c.c. with $0 balance. I am finally using my income to my benefit. Love your video.
*I agree & am thankful for all of this vital information you've shared.*
*▪︎The only advice I disagree with is purchasing "whole life insurance" vs. "TERM". I see the best benefits in TERM life.*
The better benefits of Term vs Whole vs Universal Life insurance depends on the INDIVIDUAL. If Term is better for YOU, then have a Term policy, but only YOU and your ADVISOR\AGENT can decide that. Personally, I have both a Term and a Universal Life policy. My Term is 10 years, with about half of them left. I'm 30. I don't intend to extend my Term policy for another 10 years after, but I do intend to still have a life insurance policy until the day I day. At least 1.
Great video. I like the way you synchronise with each other instead of competing to talk over of one another; often couples make a mess of joint videos because the male ego spoil things.
Seem like she got a good one.
You guys do so much for less. I like how you make it easy to understand and after watching your videos, I decided to get in the trade market which has turned out to be lucrative.
I watched an interview where a pro trade analyst was interviewed during an IPO and he talked enthusiastically about the trade market. I did a little research, got his name, HESTREL EGAN. My portfolio was split into a plethora of assets like the foreign exchange market and stocks, although I have long term investments with great potentials too. Needless to worry, I just reinvest at regular intervals, distributing funds to where he guides me to. I never make investments choices without him, it has enabled me generate more than six figures in residual income aside for retirement. You can find him on google, and thank me later.
The neatest thing about retiring comfortably is that I do not have to be part of the rat race anymore, I get to watch and get amused by rats scurrying as if possessed.
@@margaretlou3993 I’m learning to invest more, I have begun to devote my resources to assets with the largest potential for returns like stocks and forex with Hestrel too. So far I’ve been able to pay down debt, go back to school, and fix up the family house house with the surplus of my earnings.
What do you do? Forex...
@@nathanielmitchell9130 Yes, and stocks too!
I like how serious homie is about what he’s talking about. Much respect bro, and to you both. Great work.
Great practical advice, subscribed. "Make the banks work for you, earn that 17% back from the credit card companies".
I am fortunate and discipline enough to have taken my 17 year old to Dubai in March. I got points with my amex credit cards and payed them way before due date. Now i purchase small items $30 groceries and pay it right away. Credit score goes up and I win!!!!!!!
Wow ...that’s good .I have also started to do that now .Paying bills with credit card and use my classic account to pay the credit card .
@@goldenstar9379 yes. Travel for free!
Bars🙌🏾 the only emotion money has is the emotion that we give it!
Just found this channel today, and already grateful!
Since credit cards are a scam, may as well scam them back by earning the points or cash back then pay it off in full every period!
Hallelujah!!!
Good point
Like the classic song lyric goes.. "God bless the child that's got his/her own!" "Money is a tool, a tool that we use." Thank you Darius & Carmen for us helping think differently about our Wealth. Like B and Jay said in one of their songs from Everything Is Love album, "Got that dinero on my mind". You got that abundance vibe going! Truly grateful about finding your channel.
Thank you for the open invitation, being good hosts, cooking a great meal! I like how you both keep sharing what's good for us, in a very tasty way and making it easy to digest. :D You know how '''us folks" love relating everything to food!!
It’s nice to see someone like me keep doing a great job
You guys really brought it in this video! It’s a game of chess! Also loved how you really snuck in credit cards might just be the “scam”. Keep up the great work!
Great logic guys!! Wealth isn’t always trying to win the lottery or a big jackpot at the casino. We have wealth right in front of us and don’t know it. Awesome knowledge!!
One smart couple! P. S I wouldn't keep $200.000in the bank , banks don't pay enough interest on such accounts.
So Joaquim where would you keep $200,000?
@@ramelhagins6698 I would break up into smaller amounts and startup several investments. Thru a investment firm. company. And of course buy estate asset.
@@joaquimrodriguez8961 thank you
@Lela Stone smh
@Lela Stone at the bank.
You guys are absolutely right about the credit cards.
Credit in general comes down to rather or not if one can afford their available credit. You just stated it different, but means the same.
If one can afford to repay the debt, than credit cards is a good thing as long as your self disciplined enough to NOT change your spending habit after you recieve a new credit card. Example, before you recieved credit cards, you were spending 1/3 of your net income. After recieving credit cards, only charge the equivalent of the 1/3 each month you already spend. Your only substituting what you use to spend in cash, to now using your credit cards, but your not increasing your spending habit.
You need good credit!!!
Simply put but valuable advice. Financial education is almost an imaginable concept that is so absent or lacking in the black community, in particular.
I “own 3 banks”. I was blessed to know Nelson “Nellie” Nash personally & he trained me. I don’t sell but invest or better said build a legacy. Velocity of $ in your CV/PUSis key. You’ve got to read his (Nellie) book 5x! Retrain your brain. Key here is properly structured policy with good dividend paying mutual life co. Like mass, guardian, AUL & others. You must become a student of Nellie’s work or IBC. Live WELL below your means! Be counter Cultural! Reply with questions I’m old & have been doing this to where my son will never need the evil banksters or help the illegal & unconstitutional federal reserve. Thanks Hamp
I personally thank God for you two. You have know idea how Important this is. When your Own is doing what you Couple are doing in these day and age, where Our People are drowning in negativity. I'm watching this with Pride and big smile on my face. There's Nothing like your Own teaching you how to command Wealth. And Stay out of debt. 👏👏👍👍. Thank you and continue Success.
Already doing what's you all suggest. So now I know like minded people. Lets me know I'm on the right track. Keep doing what you're doing for the people.
Basic concepts but loaded with truth !!! Thank you for sharing your experiences and wisdom King and Queen.
Just seeing this video! Great advice. I need to shout out my English teacher in high school, he taught us about life. He told us we were about to go out in the world we didn't need English lessons we needed life lessons. He told us if we were to use a credit card, make sure you have the money to pay it off when the bills came. Not to use the card willy-nilly, be mindful on spending. I always kept that in mind when purchasing things.... again, great advice! Keep up the videos!!!
I am so glad I found you guys,I love watching your videos. Thanks for educating us on how to generate wealth like the banks.
What great advise, I have about $40,000 in the bank, and all I get is .46 cents in my savings and another so much in my checking. I need to invest and make my money work.
I call it my Opportunity Fund.
I like your approach MUCH better than Dave Ramsey’s! 🙌🏽🙌🏽 Dave says put $1000 away then pay consumer debt BEFORE paying yourself. Your approach makes much more sense to do both (save and pay off debt).
I think it really depends on your debt, the apr and how much you make. If you have a high apr you're going to end up losing more money than you save if you aren't paying it off right away
Wonderful video at 1:45am on a Tuesday Morning! 👍🏽
The order loans and credit cards should be paid is by the lowest Cash Flow Index (CFI) to the highest. Cash Flow Index = Total amount borrowed / Minimum committed payment. If the number is closer to 0 (inefficient) pay that one before paying the one that is closer to 100 (efficient).
Examples:
Credit Card- $10k @ 17% ($141.66 per month) CFI = 70.59___Pay this one first
Mortgage- $115k @ 7% ($670.83 per month) CFI = 171.4___Pay this one last
Personal Loan- $20k @ 12% ($200 per month) CFI = 100___Pay this one second
Of course that's the best personal loan we will never see because most loans, in my experience, have a CFI of near 30 and my credit cards are closer to 50. Crushing the loan first, in this situation, will produce better cash flow.
Great Message…Love listening to you both make it so plain. Thank you for being a great financial power couple🙏 I am sooo onboard with IBC & love that you're sharing this important concept! Are you aware of the cashflow concept using IULs where you take 80% loan for 7 yrs & 100% 8+ years? I believe everyone should have the best of both worlds. Hope you'll talk about that at some point?
I just received my fidelity reward card. I'm going to use it to pay for my utilities and automatically reinvest my cash back into my roth IRA.
You two are an amazing couple! Very cool.
With my credit card, I only spend money that I do have, that way I pay my balance in full before the due date
Been trying to figure out what to do with these refunds (school and taxes), glad this video popped up
Love the way you guys teach. So simple and practical. Thanks guys. You Rock!!
Where were y'all at when I was in my twenties? Thank you for all y'all do! Keep it up and keep going.
Great information.. yall my new binge show.. lol.. already sharing video.. keep that info coming and we shall all be powerful soon!!! THANK YOU SO MUCH!
I've been a financial producer for 11 months and I love you guys videos. You guys even help me find better services for my clients.👍🏽😃🙏🏿
Ok I just found your page....Even better it found me. New subscriber. Thank you 🌺
I believe that is the key, if you don't have it or are not doing what you are advising. You don't qualify to advise me on how to save my money.
Appreciate every single nuggets you guys throwing out there.💯💥
Very Good Point: MONEY SERVE YOU not YOU SERVE IT{ MONEY}
Agree with all of it but most importantly where you explain where you need to learn first before you start investing! So much wisdom here guys and I love your heart for helping others. Thanks for the video!
BEFORE you invest, INVESTIGATE
I agree money is a tool. To get us where we need to be in our finances.👍
Wealth= Being able to leave money and wisdom for your grandkids and your not even married yet!
God Bless you for having this Chanel to teach and create a healthy wealthy mindset.
Number 1 rule for using credit cards is, don’t charge more than you can afford to pay off (or pay in full) when the bill arrives.
I am so far behind right now because of the storm in Texas it’s a little hard to get caught up BUT GOD
This is "real talk" and it requires an ear to hear with a mindset of learning the tools of Godly wisdom and influence because it's through Him that this great mentoring happens. Love it!!! Thank you for your boldness to step out and help others. New subscriber here!🤎💢👋🏾💢🤎
Thanks much
Yes make your money work for you
Save 40% or more of all your income THEN you will have money for opportunities to invest. I am saving 70+% of my income in my IBC accounts. There is a huge "fire sale" coming for investments!!
Truly!!!
I'm with you if you say emergency it will happen. Nah just say saving
I love what you two are doing, what whole life insurance company do you use