Wall Street is DESIGNED To Keep You POOR (Here's How to Beat It)

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  • เผยแพร่เมื่อ 23 พ.ย. 2024

ความคิดเห็น • 72

  • @KenMcElroy
    @KenMcElroy  2 วันที่ผ่านมา +8

    If you enjoyed this behind-the-scenes video, share it with someone who’d find it valuable-your support means the world!

    • @Rob-r2s
      @Rob-r2s 2 วันที่ผ่านมา +1

      Robert Kiyosaki opened my eyes to this about twenty years ago. I didn't quite understand it till about 2016 but I didn't have extra money to play with. I did however purchased a beautiful property for less than land value with an unfinished and rotten home on it in May of 2013 on the day of the bottom of the market for 1/3rd of raw land value and it came with all of the improvements. A 5,342 sq. ft. custom home with a well, septic and leach field on the river with a waterfall. It also came with two tax partial ID's that I plan on developing the other lot when the market crashes again. I paid 87k. The original home is worth 1.6m and I plan on selling it as soon as I'm finished fixing it up. It's still a work in progress as I'm paying cash for the materials as I go. I do all of the work myself with no hired labor as I don't want to spend my nest egg on labor. I'm open to hiring labor to help me but It's very difficult to part with my stack of silver right now as I'm watching the prices go up. I've got about 550k in that. I plan on silver taking off as the market crashes and that's when I plan on purchasing a tenplex using debt. Currently, I'm debt free and I really like being out of debt because it's safe. I don't plan on leveraging my home to purchase an apartment building. I plan on selling off the 5,342 sq. ft. home but keeping the other lot for my primary residence that I plan on building a 40 ft. wide by 48 ft. deep shop with an attached one bed one bath apartment to live in. The funds from the sale of the large home will help me to afford the materials to build my shop/ apartment building. The rest of the money will go into a down payment on an apartment building. If silver really takes off like I think it will than I'm set for life and won't need to invest it in anything. If it increases only a little bit than I'll use that to purchase an apartment building and then retire. All I want to do is have a little place to call home, a nice sail boat to sail around the world and enough money to support that lifestyle. I feel like I'm almost there but still stuck between the rat race and the fast tract. What opened my eyes on what your talking about in this video is when Robert Kiyosaki had you as a guest on one of his shows. That was eye opening for me. I have several options to get to the fast tract but the market is about to crash hard. I feel that I should wait till that happens first and then invest. I could also build apartments or purchase a five acre lot and build a main home, a detached mother in law home and a 40x60 shop that I rent out separately and then repeat that process on another property till I have about ten rentals which is all that I think I need. What would your suggestion be to me?

    • @tw2800
      @tw2800 วันที่ผ่านมา

      Ken how much alcohol have you had to drink before making this video?

  • @FireOElijahMC
    @FireOElijahMC วันที่ผ่านมา +49

    It’s amazing how much beliefs they teach us around money hold us back. How is nobody talking about 'Forbidden Laws of Wealth' by Victor Hayes, it really opens your eyes.

    • @meditim2032
      @meditim2032 วันที่ผ่านมา

      I got it, truly a good book

  • @JCTEAM60
    @JCTEAM60 9 ชั่วโมงที่ผ่านมา

    I took over managing my money several years ago and had to educate myself (and continue). Breaking the third party model is difficult for others to comprehend and most people laugh at the “risk” that I am taking on. But, like Ken says, most people hope that their investment advisor will make them money with no idea how or if it will happen. Ignorance is not bliss.

  • @Santamess
    @Santamess วันที่ผ่านมา +4

    That was sooo confusing.
    I couldn’t read what you were pointing at and you never said how you approached those money people to get the money.
    The editing wasn’t good either. Bummer! 😢😢😢

  • @toxichammertoe8696
    @toxichammertoe8696 2 วันที่ผ่านมา +10

    Ken sounds like he's a little tipsy...Bad audio and recording (we can't see the important info on the board!)

  • @KristinaPinto-w1v
    @KristinaPinto-w1v วันที่ผ่านมา +1

    Thanks for the analysis! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

  • @tixe9
    @tixe9 วันที่ผ่านมา +1

    Thank you Sir I appreciate your time .

  • @spicyp8864
    @spicyp8864 19 ชั่วโมงที่ผ่านมา

    Do you have recommendations of where to learn financial literacy?

  • @risahalpin8751
    @risahalpin8751 วันที่ผ่านมา

    Thank you for your GENEROUS sharing of knowledge....spent last 2 years absorbing from you and Kyosaki....working on a third rental and the utilization of infinite theory/reality!!

  • @WeatlhTube
    @WeatlhTube 2 วันที่ผ่านมา +1

    Thank you for the information!

  • @danielj3010
    @danielj3010 2 วันที่ผ่านมา +2

    Josh GETS it.

  • @ronkellam8184
    @ronkellam8184 2 วันที่ผ่านมา +3

    Is he looped?

  • @tixe9
    @tixe9 วันที่ผ่านมา +2

    You don't need to see board!!! Listen to him

    • @Zulu345
      @Zulu345 15 ชั่วโมงที่ผ่านมา

      Exactly. People are amazing

  • @tixe9
    @tixe9 วันที่ผ่านมา

    I'm confused? A 401k isn't an Asset .. regarding your comment

  • @adesireforyou
    @adesireforyou 2 วันที่ผ่านมา +5

    The voice sound is so weird man and I can barely see the board

  • @georgen26
    @georgen26 2 วันที่ผ่านมา +3

    wtf, is that josh?

  • @legacymindset23
    @legacymindset23 2 วันที่ผ่านมา +1

    you can self manage a stock porfolio or a dividend paying portfolio just takes a little bit of leg work.

  • @prentoskir1
    @prentoskir1 วันที่ผ่านมา +2

    I learned nothing

  • @jgg204
    @jgg204 2 วันที่ผ่านมา +12

    The triple formula win... 1) Have a W2 job to get started. Max out your Roth 401K and HSA buying Vanguard VTI total market index fund. 2) invest in cash flowing assets using other peoples money (ie bank money), using the cash flow and bank money to keep investing and buying more assets that cash flow. 3) Keep adding to your income until your asset income equals or exceeds your W2 income. Then you decide when you want to get off the treadmill, or just keep going. The key is to keep maxing out the Roth 401K and HSA AND to keep buying assets. Never sell. Keep buying.

    • @toxichammertoe8696
      @toxichammertoe8696 2 วันที่ผ่านมา

      Roth IRA SUCKS AND 401K SUCKS but Explain to me what the ASSEST to buy you recommend?...You must be a fund manager trying to sell us 💩

  • @georgelien
    @georgelien 2 วันที่ผ่านมา +4

    Once you give to a bank, it’s no longer “your money” but you loan it to that bank.

    • @chriss4365
      @chriss4365 2 วันที่ผ่านมา

      How do you suggest we can function without a bank then?

    • @georgelien
      @georgelien 2 วันที่ผ่านมา

      @ It’s not about that >__< It’s about changing our false understanding of banking, finance and money.

    • @georgelien
      @georgelien 2 วันที่ผ่านมา

      Banks can provide us with many services >__< We just have be aware with what we are doing with the banks

  • @sirsaltymcsaltertonjr.1428
    @sirsaltymcsaltertonjr.1428 2 วันที่ผ่านมา

    Sounds like Josh from Gammons channel

  • @tixe9
    @tixe9 วันที่ผ่านมา +1

    Sound maybe AI hybrid 😅

  • @pillarcloud8266
    @pillarcloud8266 2 วันที่ผ่านมา +25

    Why do you sound funny ? , using ai ?, really weird producing

    • @thecomrade9284
      @thecomrade9284 2 วันที่ผ่านมา +4

      Cut corners, buy everything, monopolize, price fix, and gentrify.
      This is his expertise...

    • @ElJefe360
      @ElJefe360 2 วันที่ผ่านมา

      He is not Ken. They using AI now and replicate Ken’s body and voice 😎✌🏻

    • @JoshuaHasha
      @JoshuaHasha 2 วันที่ผ่านมา +3

      Sounds like my man had too many drinks for lunch

    • @kjk11719
      @kjk11719 วันที่ผ่านมา

      ​@@JoshuaHasha Lol

  • @WealthyChronicle
    @WealthyChronicle วันที่ผ่านมา

    What if the 'education system' is the first thing that needs to change to break free from the financial traps? 🏫💰

  • @timothyrussell1179
    @timothyrussell1179 2 วันที่ผ่านมา +8

    I appreciate it but I *cannot read the board* you are sketching on for the vid.

  • @BrittSoderberg
    @BrittSoderberg วันที่ผ่านมา

    Bad lighting.

  • @Itiswritten121
    @Itiswritten121 2 วันที่ผ่านมา +1

    Thank you Ken!!

  • @youmayberight2434
    @youmayberight2434 2 วันที่ผ่านมา +1

    Thank you for sharing your knowledge with us!

  • @jamesh.5660
    @jamesh.5660 2 วันที่ผ่านมา +1

    Definitely add this style of videos in the rotation. "Re-educating the educated", this is how I view this video. Thank you and your team as always.

  • @thecomrade9284
    @thecomrade9284 2 วันที่ผ่านมา +2

    How goes the price fixing and gentrification of America Ken?

  • @christinajones7319
    @christinajones7319 2 วันที่ผ่านมา +1

    Hey, Mr. Kenny! Thank you, for helping us. I have you and Mr. Robert K.'s books. I hope to meet you, guys one day!

  • @BrandieTidwell
    @BrandieTidwell 2 วันที่ผ่านมา

    From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family. ❤️

    • @thecomrade9284
      @thecomrade9284 2 วันที่ผ่านมา +1

      Couldn't do it with the 2m cash stack that produces those returns?

  • @Futralhundson
    @Futralhundson 2 วันที่ผ่านมา

    *Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

    • @JohnBush-d7z
      @JohnBush-d7z 2 วันที่ผ่านมา

      wow this awesome 👏 I'm 47 and have been looking for ways to be successful, please how??

    • @Futralhundson
      @Futralhundson 2 วันที่ผ่านมา

      It's Esther A Berg doing, she's changed my life.

    • @LysterCushard
      @LysterCushard 2 วันที่ผ่านมา

      I do know Ms. Esther A Berg , I also have even become successful....

    • @CordoneDavoren274
      @CordoneDavoren274 2 วันที่ผ่านมา

      After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

    • @veromudia5721
      @veromudia5721 2 วันที่ผ่านมา

      Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?

  • @BrandieTidwell
    @BrandieTidwell 2 วันที่ผ่านมา +1

    Thanks for the update, keep up the good work.
    Learned a lot from my market journey, especially the importance of living within one's means. With Miss Elizabeth's guidance, my nest egg has grown to a
    7-figure sum. My advice - get an analyst for better financial trade decisions and peace of mind