What it's Like Having "F*

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  • เผยแพร่เมื่อ 10 พ.ค. 2024
  • Take a trip to Colorado this week with Ken McElroy. In this video, Ken discusses the relationship between money, time, and personal freedom. He touches on how financial independence can transform everyday life, the challenges of sustaining generational wealth, and strategies for smart investment to maintain a lifestyle without compromising your financial base.
    Ken has a real estate strategies podcast! Follow your favorite platform each week.
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    Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
    Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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ความคิดเห็น • 956

  • @KenMcElroy
    @KenMcElroy  หลายเดือนก่อน +158

    If you want to support the channel, please share this video to increase its reach.
    It would really help us out, and it motivates Ken to make more videos.
    Thank you so much it really means a lot.

    • @TheRainHarvester
      @TheRainHarvester หลายเดือนก่อน +4

      It seems like you work more than most!

    • @DBCooperMOTIVATES
      @DBCooperMOTIVATES หลายเดือนก่อน +4

      Thank you for sharing your knowledge and experience Ken. It's extremely hard not to smile all the time lately. I had the epiphany that I'm on a never ending learning journey and everything has blossomed into a different optimism level I never dreamed of.....now taking the action part, well.... that's on you 😁, just kidding. Keep making videos Ken, they are appreciated, you are the man!

    • @brettlaw4346
      @brettlaw4346 หลายเดือนก่อน +2

      Money is too often abstracted away from it's underwriting assets which are labor and resources. You should be able to value your contribution to society in man hours of labor. Resources aren't really your anyway.

    • @outlaw19able
      @outlaw19able หลายเดือนก่อน +8

      HELP you OUT??? If you're so rich, why are hand-outs wanted..... BS....

    • @DBCooperMOTIVATES
      @DBCooperMOTIVATES หลายเดือนก่อน +1

      @@outlaw19able When did he ask for a handout? He asked for people to share the video and it would help out.

  • @ToblerX
    @ToblerX หลายเดือนก่อน +1523

    Self made millionaire here. My business colleagues and I are constantly grappling with the challenge of how to raise our kids to keep them grounded and "hungry". My business partner took his 4 kids to Rwanda for several months to help build a school. The town had no clean running water. He wanted to give his kids true perspective. My solution is to never let them know we are wealthy. They truly have no idea and I want to keep it that way, while training them how to view money and how to invest. Their friends are children of the "high paid w2" Ken speaks of. They have every toy imaginable, as do their parents. Meanwhile, my kids are perfectly happy wearing 2nd hand clothes, or shoes from Wal-Mart. Despite high wages, many of these parents are living paycheck to paycheck. It's mind blowing to me. Anyway, my 2 cents. Great video as always Ken! Hopefully we can meet up the next time you're in Denver.
    Update: Kids just completed their first successful lemonade stand. They set up at garage sales and raked in over $150. They served 2 version, pink with Strawberries and yellow with Lemons along with snacks. It was 100% their idea. Super proud of them.

    • @yashpatel261
      @yashpatel261 หลายเดือนก่อน +133

      I think shoes from walmart is pushing it a bit. Why not buy a pair every few years like regular people. I think spending time with them will be more valuable than any material item. Its what really counts in the end.

    • @ToblerX
      @ToblerX หลายเดือนก่อน

      @@yashpatel261 they're really young, so they go through shoes very quickly. No reason to overspend on quality. Also, could not agree more on spending time with them. I coach my son's soccer team, attend all his boy scout trips and ski with them both every weekend. Time is for sure the most valuable thing.

    • @stocksxbondage
      @stocksxbondage หลายเดือนก่อน +21

      Competition is a good way to build those mental callouses. Sports and even art like music. Maybe our kids won’t desire to exceed financial freedom into abundance. As long as they’re happy, healthy, and have the discipline to push the legacy without us, money won’t matter. Another idea is to let them know they’re only getting a portion and most of your wealth is being donated 🤷🏽‍♂️

    • @NealBurkard-ut1oo
      @NealBurkard-ut1oo หลายเดือนก่อน +24

      My dad is pretty well off but I was expected to work as soon as I could. Caddy when I was 14, once I was 16 I worked 40 hr/week during my summers in HS and college. Went to a private school with a lot of spoiled kids. A lot still had drive though, just dick personality

    • @ToblerX
      @ToblerX หลายเดือนก่อน +18

      @@stocksxbondage I go back and forth on the donation. It would make me proud to be the one who started a generational legacy. But it might make me even prouder to teach my kids how to fish.

  • @JefferyDuns
    @JefferyDuns 21 วันที่ผ่านมา +380

    Financial stability is possibly the greatest thing one can attain. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

    • @PhilipDunk
      @PhilipDunk 21 วันที่ผ่านมา +2

      An obvious way to invest is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions

    • @PatrickLloyd-
      @PatrickLloyd- 21 วันที่ผ่านมา +1

      Great gains! Can you share your CFP details? I'm gaining more cash flow from my job and want to invest in stocks and alternative assets to build wealth.

    • @PatrickLloyd-
      @PatrickLloyd- 21 วันที่ผ่านมา +1

      Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

    • @drewyoung2102
      @drewyoung2102 2 วันที่ผ่านมา

      So your broke? Lol me too

  • @Casey-summer
    @Casey-summer 21 วันที่ผ่านมา +343

    Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

    • @Buffet-walton22
      @Buffet-walton22 21 วันที่ผ่านมา +1

      Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

    • @lilyhershey1
      @lilyhershey1 21 วันที่ผ่านมา +1

      Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn

    • @sloanmarriott5
      @sloanmarriott5 21 วันที่ผ่านมา +1

      In fact, I had no prior experience or understanding when I began investing in 2018, but by the end of 2019, I had made a profit of almost $750k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

    • @mellon-wrigley3
      @mellon-wrigley3 21 วันที่ผ่านมา

      ​ *@sloanmarriott5* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

    • @sloanmarriott5
      @sloanmarriott5 21 วันที่ผ่านมา

      Gertrude Margaret Quinto is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @Jus10r0b
    @Jus10r0b 22 วันที่ผ่านมา +54

    “There’s always a bigger game.”
    Wise words. Made me realize I really shouldn’t chase the next level of wealth if my lifestyle and relationships will suffer as a result.

  • @NashMancino
    @NashMancino 29 วันที่ผ่านมา +324

    27 year old RV park owner here. I've been growing my portfolio for 5 years straight and I've never paid myself yet. Started with mobile home flipping, now RV Parks & now reinvesting into bigger things. I still work a full time job. Im very close to the point where I dont have to work my full time job anymore. This video inspires me to keep going. Thanks for the motivation Ken!

    • @BluejayDaGoat
      @BluejayDaGoat 27 วันที่ผ่านมา +9

      thats nothing short of incredible bro keep it up

    • @murphyshsu
      @murphyshsu 25 วันที่ผ่านมา

      Keep at it- it is coming together!

    • @grantdavies7561
      @grantdavies7561 24 วันที่ผ่านมา +1

      From the trailer to owning the whole park, love it, keep it up.

    • @MillionaireMillennial
      @MillionaireMillennial 23 วันที่ผ่านมา

      Good 👍 for you

    • @MillionaireMillennial
      @MillionaireMillennial 23 วันที่ผ่านมา

      @@ensenanzas.estoicasMaybe he bought a book for $20 called how to buy real estate with no money down.

  • @BrandonCarson
    @BrandonCarson 24 วันที่ผ่านมา +163

    Way back in the day when I was starting out, I had a financial advisor and he told me: you’ll never be a millionaire working for someone else.

    • @sandboxer9723
      @sandboxer9723 23 วันที่ผ่านมา +20

      It’s a bs

    • @NaheedMan
      @NaheedMan 23 วันที่ผ่านมา +31

      CEOs of the fortune 500 work for someone else😅

    • @GiantsOnTheHorizon
      @GiantsOnTheHorizon 23 วันที่ผ่านมา +13

      I know a guy retiring at 41 from working for someone else in well paying but normal jobs. It’s about how you handle your money.

    • @bonifacekioko6320
      @bonifacekioko6320 23 วันที่ผ่านมา

      Go be a CEO of a fortune 500 company 🤦🏿‍♂️​@@NaheedMan

    • @midgetsanchez
      @midgetsanchez 23 วันที่ผ่านมา +10

      I literally got a low 7 digit exit when a startup I joined got acquired 4 years ago. Not “rich” yet, but aiming to break 8 digits by the time I’m 40.

  • @maximkhan109
    @maximkhan109 หลายเดือนก่อน +215

    I have big respect to Ken and to those who started from a very humble place and achieved their personal financial freedom. It gives me hope for myself. Thank you!

    • @gosteampunkdotcom
      @gosteampunkdotcom หลายเดือนก่อน +9

      That was actually the real american dream.

    • @AlphaConviction
      @AlphaConviction หลายเดือนก่อน +1

      I believe in you

    • @tomaszcz_k
      @tomaszcz_k หลายเดือนก่อน +1

      Absolutely! Having a financial expert has been a game-changer for me. They provide tailored advice that takes into account my unique financial circumstances, which has helped me make informed decisions and avoid costly mistakes.

    • @WiolciaMrozowska531
      @WiolciaMrozowska531 หลายเดือนก่อน

      Exactly, having a financial expert by your side is invaluable due to their ability to provide personalised advice tailored to your specific financial situation. With their expertise, they can help you navigate complex financial decisions, Optimise your investments, and develop strategies to achieve your long-term financial goals.

    • @laiibrahim7502
      @laiibrahim7502 หลายเดือนก่อน

      Financial experts such as Dustin Dwain King offer extensive knowledge and experience, aiding clients in crafting tailored financial strategies to achieve their objectives...

  • @RicardoDinizPortugal
    @RicardoDinizPortugal 19 วันที่ผ่านมา +11

    In Portugal, we have a old saying that translates to "Rich Father, Noble Son, Poor Grandson". You're spot on, Ken. Safe travels and all the best.

  • @dougronald561
    @dougronald561 21 วันที่ผ่านมา +31

    This video really boils down the concept of making your money last and work for you, instead of falling into decadence with it.

  • @topgun4499
    @topgun4499 หลายเดือนก่อน +74

    I retired at 55 being self employed all my life my main issues were not only the handouts but frivolous lawsuit, like my buddy used to say if they see you have money they want some of it… and that’s the sign my friend that you are successful in life
    Thanks for all the good info

    • @redtiger7268
      @redtiger7268 หลายเดือนก่อน +14

      The wealthiest guy I know lives in a median priced home for the area, drives a 2019 non-luxury car and dresses like a broke college guy.

    • @9xqspx6
      @9xqspx6 25 วันที่ผ่านมา +6

      The worst is that they don't just want some of it, but they are happy if they can cause you too lose some (or all) of it.
      Nowadays this new-communistic movement (as I call it) is in a self-amplifying rage against anyone who has $2 more than they do. They also sort of resemble a 3rd or 4th generation that Ken was talking about in the video. Although not of a wealthy family, but of a family that was having a good, comfortable life, compared to the earlier generations.

  • @spivvo
    @spivvo 29 วันที่ผ่านมา +86

    I was one of those corporate people but I never went out and spunked money on new top end cars, first class flights for top end holidays and ridiculous supermexpensive “look at me” posy restaurants, I also inherited about a third of my my current wealth when my parents left this world. Result, I retired at 55 and live very comfortably and set my own agenda with an investment portfolio of just over $10mil. I still travel with the ordinary folk turning right on the passenger jet but stay in nice hotels, eat in nice restaurants and live in a beautiful house. I spend no more than half of my net passive income and the rest gets reinvested to grow my capital. The trade in life is money for time…. Save the money and you get more time. If I had $100mil I still wouldn’t buy a jet. Good video.

    • @BadMannerKorea
      @BadMannerKorea 26 วันที่ผ่านมา

      @@jejuislandtrekker8113 Uh, your payments can be zero under income based repayment. You make 120 "payments" of zero and they're forgiven. Your story doesn't make sense, or you're unaware of the forgiveness programs for teachers.

    • @zacharysherry2910
      @zacharysherry2910 20 วันที่ผ่านมา +2

      A jet sounds like a pain in the butt

    • @afridgetoofar1818
      @afridgetoofar1818 18 วันที่ผ่านมา

      I wouldn’t _buy_ a jet, but I’d still fly private

  • @BadMannerKorea
    @BadMannerKorea 26 วันที่ผ่านมา +86

    I inherited money. I bought a new car, put most of it in index funds, and I will use the rest to live off of to fund my PhD. It's not the most optimal way to use the money, but it's nice to focus on my interests, not work too much while focusing on health and education, while enjoying my life. You only have one.

    • @yashpatel261
      @yashpatel261 24 วันที่ผ่านมา +8

      Good for you. Good luck with your PhD.

    • @TruthInspector
      @TruthInspector 23 วันที่ผ่านมา +5

      If there's one thing I have learned through the whole college scam system is that degree is worthless... Especially a phd.

    • @BadMannerKorea
      @BadMannerKorea 22 วันที่ผ่านมา +18

      @@TruthInspector How can it be worthless when statistically, college degree holders earn more over a lifetime compared to non degree holders? How can it be worthless when numerous professions, from nurses, engineers, doctors, teachers, and even professors, require degrees? I can tell you haven’t thought this through.

    • @josephhertzberg2734
      @josephhertzberg2734 22 วันที่ผ่านมา +11

      ​@@BadMannerKorea very importantly, it's an education and it's fun and interesting.
      Some people really enjoy becoming educated, and how do you put a price on that

    • @DavidMcCoul
      @DavidMcCoul 22 วันที่ผ่านมา +2

      @@TruthInspectorI take it you don’t have a Ph.D.?

  • @judymckee5992
    @judymckee5992 หลายเดือนก่อน +101

    I don't have the desire to own fancy cars, big homes etc..I lived a wonderful life and all I need is a fully paid house, passive income of $4k a month is plenty to me.

    • @1stPersonStateConsciousness
      @1stPersonStateConsciousness หลายเดือนก่อน +6

      Really? You know what I have wondered Marcielle? What if God does actually grant people what they want but the forces of this world convince them to ask for petty things when there is so much more they could ask for. I ask God everyday to win big in the lottery, become a multi trillionaire, and to become God enthroned on earth. Idk. Sounds like a lofty wish list but I'm not about to spend all my life on earth just to die then get to the otherside realizing I could've done/had more .....if I just asked

    • @judymckee5992
      @judymckee5992 หลายเดือนก่อน

      @@1stPersonStateConsciousness , You seek God with all your heart and His righteousness and all these things shall be added unto u. My most important wish is God drawing me near to Him. I have everything I wish and some I thought was impossible but God granted my hearts desire. I wanted to see Air Force 1 and also to fly in the king of Saudi Arabia private plane, both wishes happen on the same day. I wanted to see the world and thought I could only be able to see when I die but God brought me all over the world. I wanted to be a millionaire by 40years old and also to give down payment for homes for all my sibling who doesn't have one but God fulfilled my desire. I wanted to give a business to my dad who is not very educated but God put me at the right place and time that I got a courier contract for him to run. There is so many others that I can't listed them all. Faithful in little God will give you much.

    • @billycho566
      @billycho566 28 วันที่ผ่านมา +6

      Everyone says that till you get the 4k. Also ignorance is bliss once you find out about all the cool things you can buy and the expierences you can have you'll need way more. Like Ken says his fun weekends are 50k

    • @judymckee5992
      @judymckee5992 28 วันที่ผ่านมา

      @@billycho566 , I have 6months vacation in different places around the world, what more does anybody want.

    • @AR-ly7yt
      @AR-ly7yt 24 วันที่ผ่านมา +4

      Yep same, paid off house and 4K will sustain

  • @FredMeyer-no3ji
    @FredMeyer-no3ji 27 วันที่ผ่านมา +91

    The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

    • @gamereactz
      @gamereactz 26 วันที่ผ่านมา

      It's not that there's a playlist it's that their create it

    • @cobracommander9138
      @cobracommander9138 26 วันที่ผ่านมา +9

      Most rich people on TH-cam talking about how to make money are scam artist.

    • @DudeWatIsThis
      @DudeWatIsThis 23 วันที่ผ่านมา

      You shouldn't aim to be a billionaire. It's stupid. Aim for 2-3 million. Maybe 5. Maybe 10. That will give you more than you can spend, unless you are a crazy-level consumer (which you won't be if you have made your own fortune - your mind will be somewhere else, like in personal projects, writing books or meeting people, which can be expensive, but not ridiculously so).

    • @DudeWatIsThis
      @DudeWatIsThis 23 วันที่ผ่านมา

      @SplendidJoshua Trading is _degenerate gambling._ To make money, you need discipline. Find someone who can reliably give you 7-8% and stick to that. Your money doubles every 10 years. After 30 years, it's x8.
      Then once you have that going, just work and keep feeding that fire with your savings.

    • @DudeWatIsThis
      @DudeWatIsThis 23 วันที่ผ่านมา

      @SmallSavage-un5xz There are many broker companies and hedge funds. Go to one of those. Most will ask for a minimum amount, so go to several and see which fits you best.
      You won't meet any "genius brokers" until you're in the 8 figures, probably.

  • @lyleburlingame2276
    @lyleburlingame2276 หลายเดือนก่อน +86

    I haven’t even seen the video yet , but I’m STOKED to see Ken flex, because he never does!!

    • @brandicollins658
      @brandicollins658 หลายเดือนก่อน +6

      I believe that is why he is making this video...for his 3rd generation!

  • @user-nq2no8id4s
    @user-nq2no8id4s หลายเดือนก่อน +8

    Thank you! It’s great to hear advice from someone at that level. Humility is priceless.

  • @mattskillman
    @mattskillman 28 วันที่ผ่านมา +52

    Ken, your 1st, 2nd, 3rd Generation analysis is SPOT ON. I have always said this exact thing. Having worked for a small family business before building my own, I have observed this first hand. The 1st Generation starts with nothing and builds value which generates wealth that the 2nd Generation eventually gets to benefit from. The 2nd Generation sees the hard work of the previous Generation and can relate, but grows up with the wealth from the 1st Generation. By the time the 3rd Generation comes around, they have become so detached from everything the 1st Generation did and being raised in wealth from the 2nd Generation that they don't know how to grow or maintain it. That's why a lot of small family business fail by the 3rd Generation.

    • @AlexandreGalinMtl
      @AlexandreGalinMtl 27 วันที่ผ่านมา

      There s a saying that says it takes 3 generations to destroy a fortune.

    • @4453kevin1
      @4453kevin1 27 วันที่ผ่านมา

      this is 100% true

    • @cesarguardiola4045
      @cesarguardiola4045 26 วันที่ผ่านมา

      Why then do families like the Rothschild's and the Morgan's still have unimaginable wealth throughout multiple generations?

    • @JimmyLeeJr
      @JimmyLeeJr 25 วันที่ผ่านมา

      That's a strong rule for people who don't understand that parenting is the most important part of wealth building.
      But there are dynasties spanning centuries which understood parenting is just as important as what you accomplish in your lifetime. Meaning true success can come from hard work you put in, but do not see the benefits for several decades or maybe even not at all.
      Now we should debate who is more successfull, the hard working entrepreneur who achieves success after 5 years or the patriarch who achieves success after 50 years. We are ruled today by the latter, but the short termers get the newspaper headlines. In the end, the civilizational infrastructure always wins. Meaning there is always a bank you need a loan from, and they have been watching your family for quite some time.

    • @hoaksone1
      @hoaksone1 24 วันที่ผ่านมา

      Now that you know this why save? Lol

  • @Eden639
    @Eden639 หลายเดือนก่อน +92

    I like Ken because he is down to earth because he started from humble beginnings.

    • @williamyoung9401
      @williamyoung9401 23 วันที่ผ่านมา

      There's no such thing as an honest billionaire.

  • @cesarmunoz377
    @cesarmunoz377 หลายเดือนก่อน +22

    Been following Ken for a couple years and he is a prime example of someone who does not let wealth get to their head. He understands wealth is about freedom and using it to live your purpose. I think just important knowing what to do with the money once you have it as it is gaining it.

  • @thecapone45
    @thecapone45 28 วันที่ผ่านมา +11

    Very true to never get into debt and never touch your financial base. I have retired and am happy to say I never once sold off shares to pay for my costs. And the portfolio just grows and grows.

  • @ReynaDPerez
    @ReynaDPerez หลายเดือนก่อน +65

    Thank you for staying humble. You are not only rich on the outside you are also inside rich. Now that’s quality! 😊

    • @jejuislandtrekker8113
      @jejuislandtrekker8113 26 วันที่ผ่านมา +2

      Not rich on the inside if you don’t have Jesus.

  • @JonLynchIsAlive
    @JonLynchIsAlive หลายเดือนก่อน +61

    I remember when I made my first billion. What a feeling that was! It really meant I was beholden to no one else on the planet. Incredible feeling. Then I woke up.

  • @ajeetm
    @ajeetm 26 วันที่ผ่านมา +2

    Hands down the most useful video I’ve ever seen on YT. Thanks for being so open and sharing when you totally don’t have to!! 🙏🏼🙏🏼

  • @ryanwright1994
    @ryanwright1994 หลายเดือนก่อน +4

    Ken is the man! Super knowledgeable person, humble, and confident.
    Glad he can reflect on his hard work and help others do the same. Thanks Ken!

  • @mikegilkey
    @mikegilkey หลายเดือนก่อน +9

    Ken, this is Gold. Thank you and thank you for all the time you put into this channel. Also, it was awesome seeing you speak last weekend.

  • @mrrazr8079
    @mrrazr8079 หลายเดือนก่อน +7

    Great info! My children are readers of Rich Dad , poor Dad and have been passing info like yours his to them. Some of them understand and on their way to success. As long as they keep learning and stay humble I will be happy for them.

  • @nightfury6836
    @nightfury6836 หลายเดือนก่อน +9

    Sage advice as usual!! Thank you. Be well and enjoy your time Kenny!!!

  • @coreyplummer3478
    @coreyplummer3478 หลายเดือนก่อน +3

    I love Ken for the in depth perfection on weekly vids. I think these more personal ones are even better though

  • @phocksyfox7
    @phocksyfox7 หลายเดือนก่อน +6

    My wife and I very much appreciate your posts and all of your advice! They help keep us focused and motivated to become financially liberated. Thank you Ken

  • @davidrpriest
    @davidrpriest หลายเดือนก่อน +3

    Ken, you are an inspiration for so many people and are living an amazing life. It takes years to get to the level. Thank you for sharing your wisdom and lessons to help others on their journey.

  • @nanayoseto9968
    @nanayoseto9968 หลายเดือนก่อน +77

    Never thought I’d see the day Ken showing off his wealth being a humble man he is

    • @hmputra89
      @hmputra89 หลายเดือนก่อน +18

      It is necessary once in a while. It motivates us to reach his level.

    • @wolf-yw9wk
      @wolf-yw9wk หลายเดือนก่อน +5

      u need to flip ur mindset lol

    • @AkaAlijah
      @AkaAlijah หลายเดือนก่อน +10

      I wouldn’t consider this showing off he’s just showing what it’s like to live his life not trying to flex

    • @Gbalz
      @Gbalz 24 วันที่ผ่านมา +2

      U missed the point of the whole video !!

  • @adriandmd
    @adriandmd หลายเดือนก่อน +7

    Time, Money, Health, and Social Capital (strong spousal relationship in my case) are the four asset classes.
    My mentor said it is very common to be wealthy in one or two of these categories, but not all four. Before I became a FIRE retiree in 2020 at age 45, I made sure I was abundant in all four areas.
    FYI INTJ / INTP personality types are the majority of folks who make up the FIRE community.

  • @martinbecklen6486
    @martinbecklen6486 หลายเดือนก่อน +3

    One of the finest expressions of wealth wisdom I've ever heard, and I've seen many others, and they are truly great and filled with wisdom, too. But this one by Ken is so rich in common day language, and should be seen -- and re-seen, and re-seen again and again -- by every teenager and young adult. A big Thank You, Ken, for all that you do to bring the value of hard word and the joys of achievement and success to so many. The greatness of America is that it provides the soil (freedoms and legal protections) for people like Ken to reap the reward of hard work. In too many countries, -- nearly all others, imho -- private achievements are quashed or stolen by government or the existing oligarchs who choose their government puppets.

  • @genki007
    @genki007 หลายเดือนก่อน +6

    Thank you, Sir! What an amazing message. In my opinion, maybe your best video ever. Keep up the great work!

  • @IanDangerfield
    @IanDangerfield หลายเดือนก่อน +12

    Always appreciate the content Ken!

  • @geocam007
    @geocam007 หลายเดือนก่อน +1

    Thanks Ken for this video and keeping us motivated. As an immigrant and 1st generation wealth builder, I believe in staying humble as one's wealth's increases and pass on the life lessons and experiences to my kids. I am still a work in progress and I know I will achieve my financial goal in the coming years.

  • @rossferguson5786
    @rossferguson5786 หลายเดือนก่อน +4

    Thank you, Ken ! Always appreciate your wisdom !

  • @cynthianeal9277
    @cynthianeal9277 หลายเดือนก่อน +6

    Kenny, is a peoples man. He represents all of us. I have met him in person and he truly is a genuine good guy with impeccable work ethics.

  • @american236
    @american236 หลายเดือนก่อน +1

    Wow, I really really like this video. He gives so much knowledge in such a short video and it doesn’t feel like he wants anything from me. He just giving the knowledge freely.

  • @denicelopez9467
    @denicelopez9467 หลายเดือนก่อน +4

    Thanks for being so candid. This was a good video.

  • @ayotorimusic
    @ayotorimusic หลายเดือนก่อน +15

    Ken has been one of my (virtual) mentors since 2020. He’s real with the advice and has been a great contributor to my journey.

    • @BA-cz4is
      @BA-cz4is หลายเดือนก่อน +1

      What do you do ?

    • @hoaksone1
      @hoaksone1 24 วันที่ผ่านมา

      Good advice but not all of it is great

  • @alfred5454
    @alfred5454 หลายเดือนก่อน +16

    Would you make a video on relationships please? How do you navigate through jealousy, greed, and scams?

  • @Scooter1E
    @Scooter1E 28 วันที่ผ่านมา +2

    This video was much needed for me! Thanks for keeping me motivated!

  • @meetrichardreyes
    @meetrichardreyes หลายเดือนก่อน +1

    I'm loving the Vlog style intro video. Always enjoy watching your channel and I've been learning from you since 2013. Thank you for the education you put out.

  • @John-Jay-Allen
    @John-Jay-Allen หลายเดือนก่อน +4

    Base $ = Principal $ either Inherited and Invested or Earned through RealEstate, Stocks, Bonds,precious metal Appreciation and the Capital gains after selling those assets. (That’s $ that Must be reinvested to earn the secondary $.)
    The $ that’s secondary is the $ that can be used for expenses and living.
    Excellent Topic Ken, Thanks.

  • @olafschermann1592
    @olafschermann1592 8 วันที่ผ่านมา +3

    I got financialy free at the age of 49. Even took off one year, but was bored. Calling you friends “lets go sailing” “no time, need to go working”. So i felt lonely. Also i missed my work which gives me wings. So back to work, still driving regular cars, and regular vacations.
    I was shocked that i made more money with money than with hard work, even my CEO income. “Earning” your money makes me more happy. (But i still enjoy collecting the return of my investments)

  • @byteafterbyte
    @byteafterbyte 23 วันที่ผ่านมา

    Your comment on generational appreciation for money I think is spot-on! A Friend I know had a grandfather who created a trust fund for the family that would only allow access to every other generation after the age of 18. Not fool-proof in avoiding stupidity but at least a step in the right direction to ensuring money values are taught.

  • @fall7rise888
    @fall7rise888 หลายเดือนก่อน +2

    Amazing insights. I’ve read a lot of books , listened to a lot of podcasts and youtube videos but the a good amount of the insights you shared are new to me. Thanks for sharing!

  • @Socal2498
    @Socal2498 หลายเดือนก่อน +7

    yep, I like smaller scale and stress free environment but to have that peace of mind ~

  • @melted.minds.
    @melted.minds. หลายเดือนก่อน +6

    Ken, I have so much respect for you! And thank you so much for your opinion on generational wealth! I was so curious why you made this video title. Seemed out of character 😅🙏💚 grateful for all your advice!!

  • @Pinoystory311
    @Pinoystory311 หลายเดือนก่อน +2

    This story is the summary of all walks of life of being wealthy..I love you Ken.. thanks for the advice..

  • @KaayJaay
    @KaayJaay 24 วันที่ผ่านมา +2

    Thank you Ken for teaching us!!

  • @TheRealJakeArnold
    @TheRealJakeArnold หลายเดือนก่อน +4

    Lets goo!! An example that if you work very hard and smart you can achieve anything in this country.
    Sitting on a beach does get boring...

  • @Pug318
    @Pug318 หลายเดือนก่อน +8

    I know you’re conservative guy, for you to show this, I love it much respect, and I always appreciate the knowledge you put out for everyone to improve their lives

  • @RJ-lk5pj
    @RJ-lk5pj หลายเดือนก่อน

    Great video..
    Thank you for your time & your stories!
    Much appreciated & valued ✌🏻🤔👍🏻

  • @jeffreycarter3066
    @jeffreycarter3066 หลายเดือนก่อน +1

    Thank you for the valuable advice, Ken. ❤️

  • @1469roach
    @1469roach หลายเดือนก่อน +5

    Amazing advice!!! Ive flown in over 10 private jets..different sizes.. and spent 30 to 40k a month a gucci, LV and other clothes store a month..it was all a waste.. but i did that because i never really had money and i went crazy trying to show people how now i had it.. but when the company dropped from making 3 million a month to 1 million.. my lifestyle i got use to had to change...but then i realized that one alot of the friends that were around before was because of the trips on thr mega yachts ... now im trying to get back.. but no lo ger care about the designer clothes or burning 50 to 60k tonfly to Miami and throw another 50k at strippers.. smh.. was a crazy time.. but just as fast as it came its gone and no one cares..just another person out there doing it. Anyway.. i love this video.. such amazing advice! True knowledge right there

    • @georgina4874
      @georgina4874 24 วันที่ผ่านมา +2

      Great wake up call. And a great story!

  • @blackmommabrands
    @blackmommabrands หลายเดือนก่อน +3

    Love your content. What an inspiration 😊

  • @andrelizotte9912
    @andrelizotte9912 หลายเดือนก่อน

    It’s so true, I didn’t went to that level, but I’m happy to be more than financially free, and to achieve this you need to be passionate about the money game. Everyone who look at us, and want to do the same, many of them are not prepared to do what’s required to achieve that goal. I have tried to guide so many…not a lot can do it…

  • @AkikoMakiOfficial
    @AkikoMakiOfficial 25 วันที่ผ่านมา +2

    Thank you for making this video! I’m always interested in what it is on the other side of things and it is nice to see it, even if it is just a glimpse. 👍👍😉

  • @alfred5454
    @alfred5454 หลายเดือนก่อน +4

    Awesome insight. Thank you

  • @BeckyB11
    @BeckyB11 หลายเดือนก่อน +5

    Awesome! Thanks, Ken!

  • @kristianps2433
    @kristianps2433 29 วันที่ผ่านมา

    This is so spot on. Thanks for sharing 🙏

  • @MrAirblown2009
    @MrAirblown2009 28 วันที่ผ่านมา

    This video really spoke to me. Thank you for sharing.

  • @bethdixon501
    @bethdixon501 หลายเดือนก่อน +9

    I have wealth and one 34 year old Son. I’ve offered him whatever he needs to pay for his minor debt. He lovingly says, No Thank You, Mom ❤️❤️❤️ I raised him as a single mom to use a debit card for purchases until he built his own credit that is well managed. He stands to be the sole heir to more than he even realizes. That being said, I divide my assets as needed for his own generational wealth. He does not plan to marry or have children so he will need to decide how to continue creating additional wealth and/or donation to a foundation I’m creating.

  • @AlejandroMartinez-eh8gr
    @AlejandroMartinez-eh8gr หลายเดือนก่อน +5

    Maestro ken, gusto en saludarle.. espero que se encuentre muy bien! Siempre agradecido por toda la sabiduría que siempre comparte

  • @ClarisNdoroRealEstate
    @ClarisNdoroRealEstate 28 วันที่ผ่านมา +1

    Thank you for sharing. Right now, all the businesses that have started didn't work out. I'm not going to give up.

  • @josephlugo5707
    @josephlugo5707 หลายเดือนก่อน +1

    Thank you . Great great advice. 👍🏻👍🏻

  • @BruceRosenblatt
    @BruceRosenblatt 27 วันที่ผ่านมา +4

    Ken is right on in his advice. Yes there are a few social media influencers out there that show you crazy lifestyles but you need to realize it’s very few. It took me 40 years of owning my own business and working 100 hours a week with sometimes no vacations for years. Here is my sage advice “ there are no shortcuts!”

    • @xSayPleasex
      @xSayPleasex 3 วันที่ผ่านมา

      Respect to you then. Personally I'd rather live a modest life than put in 100 hours a week. Must have loved what you were doing, I hope.

  • @herbigp
    @herbigp หลายเดือนก่อน +5

    Ken, I have been following you since you first got together with Robert Kiyosaki. I am free now thanks to you and Robert!! Can you do some videos on how you plan for your next 3-5 generations to retain and build on what you have accomplished? I just recently read “Die with zero” and that book may have flipped my paradigm…
    Thanks 🙏

  • @korgond
    @korgond หลายเดือนก่อน +1

    Great lessons in this video. Thank you Ken!

  • @prudence_business
    @prudence_business หลายเดือนก่อน +1

    Amazing video, Kenny!!!! I really enjoyed it and found it educational.🎉

  • @BrainGraze
    @BrainGraze หลายเดือนก่อน +3

    Great wisdom and advice, Ken. 👍

  • @ahsanmohammed1
    @ahsanmohammed1 หลายเดือนก่อน +2

    Excellent advice!
    Thank you!
    From Canada

  • @troynichols9788
    @troynichols9788 21 วันที่ผ่านมา

    Love the vibe, pace, mojo. Solid meat & data to digest. No social media hype. New sub.

  • @envercito1
    @envercito1 หลายเดือนก่อน +3

    Yes sir!!!! Love this video!

  • @benjaminblumberg1335
    @benjaminblumberg1335 หลายเดือนก่อน +3

    Thanks for sharing. I love the analogy of the treadmill. The irony is very few people, even wealthy people, realize that we are all on a treadmill where your desires end up controlling you. It seems contradictory, but it's only by needing less that we can achieve true freedom.

    • @ypey1
      @ypey1 26 วันที่ผ่านมา

      Facts… wanting allot of things is not freedom at all

    • @Pondapple
      @Pondapple 24 วันที่ผ่านมา

      Hedonic treadmill.

  • @ginopoe9150
    @ginopoe9150 27 วันที่ผ่านมา

    Thank you for defining what to do, reconfirms what I’m doing, cheers!

  • @terranceOwens777
    @terranceOwens777 หลายเดือนก่อน

    Great video/content Ken and I appreciate the advice and knowledge you shared with us thank you brother.

  • @lbcrypto5309
    @lbcrypto5309 หลายเดือนก่อน +5

    Thank you.

  • @jacobtt34
    @jacobtt34 หลายเดือนก่อน +3

    Awesome Video Ken as always.....

  • @Taipanablack
    @Taipanablack หลายเดือนก่อน +1

    Thank you, Ken, for clarification of my vision

  • @leeroach3381
    @leeroach3381 หลายเดือนก่อน +1

    Very helpful Thank you for sharing

  • @bunsguns8222
    @bunsguns8222 หลายเดือนก่อน +3

    Great video, I would be interested to know how much you actually work and how much that has changed at different levels. I assume when you started you had to work all the time until you could afford to hire people to run the business for you? This has been a big hang up for me, the businesses I have thought about starting would require me to work more than I do now at my job until it grew enough to be able to hire managers.

  • @spaceshipmoon69
    @spaceshipmoon69 หลายเดือนก่อน +3

    Interesting title Ken . Perhaps people seeing your wealth will trust you more and you can fund raise even better? Common sense advice noted and I wish you even more success and abundance.

  • @danielroper18
    @danielroper18 หลายเดือนก่อน

    Terrific video! I loved it. Thanks for the wisdom

  • @michaelmcwhirter
    @michaelmcwhirter 24 วันที่ผ่านมา

    I'm trying to get to this level of wealth myself. I know through hard work and networking with the right people you achieve success. Here's to hoping other big time players see this and effective connections are built off of it because of it. Great video and thanks for uploading!

  • @kylendmiller
    @kylendmiller หลายเดือนก่อน +7

    Great advice, Ken

  • @JayNavarrete
    @JayNavarrete หลายเดือนก่อน +3

    I like this side of Ken. Glad he’s been sharing these parts of his life.

  • @Invertmini1212
    @Invertmini1212 23 วันที่ผ่านมา

    Always always stay humble.... Wether rich or poor, staying humble will keep you grounded.

  • @larrycombs6411
    @larrycombs6411 หลายเดือนก่อน

    Great video! I have always had a hard time understanding business and money, seems to be a combination of its too simple for me to believe and that the 'game' as a whole is opaque, convoluted from top to bottom. Videos like these are tremendously informative to me thank you!

  • @naoh619
    @naoh619 หลายเดือนก่อน +3

    Great video, It true as each generation it seems they get more and more entitle.

  • @rah4822
    @rah4822 24 วันที่ผ่านมา +4

    You didn’t mention the depression part. There is nobody you can trust, people suck up to you constantly so you never know if someone is a friend or just using you. Sometimes you can’t even trust your closest relatives. Having money sucks more than it makes you happy.

    • @raam1666
      @raam1666 21 วันที่ผ่านมา +1

      Ok give it to me

  • @AndresLealco
    @AndresLealco หลายเดือนก่อน +2

    MC from my perspective of Wealth, passive in come is one strategy, BUT in my thesis, I prefer diversify my risk. Greetings a from COLOMBIA 🇨🇴

  • @wojohowitz5432
    @wojohowitz5432 26 วันที่ผ่านมา

    thank-you for the Truth and transparency.

  • @c40blaze76
    @c40blaze76 หลายเดือนก่อน +12

    I’m going to the UFC fight in June too. I thought me spending $1000 on tickets was a lot 😂

  • @moonbot-en-007
    @moonbot-en-007 หลายเดือนก่อน +9

    good for you living off of the exorbitant rentals making life impossible for so many many people just trying to get by .. not even talking about the younger generation that can't afford a simple place to live .. grown people having to rent rooms .. I'm from the US and left when gas was $1.00 a gallon france is still normal when you get out of the city .. I pay $500 a month rent for a 2 bedroom house with garages .. I can't even imagine moving back to the US ..because I don't want to live out in the desert someplace in a trailer home, I'm too old now to find a 5 figure a month job .. especially now with AI replacing so many jobs .. an the kids are lost .. ex: my daughter went to school to learn graphic design now she's got no career and my other daughter who has a PhD in architecture probably also will be soon out of a career .. but yes good for you ..
    I stopped watching your video at 10,000 rentals .. may god have mercy on your soul

    • @farmingfromscratch
      @farmingfromscratch 22 วันที่ผ่านมา +3

      unfortunately most of the folks watching this vid think what he is doing is great behavior, they don't get the fact that what he is doing is stealing! and yes to all those who would say no he isn't physically taking money from those renters without their consent,- they have consented to pay that rent, I would say you cannot have uncoerced consent in a system that uses duress (ie taxes people under threat of harm). When you don't exchange time for time, you are either robbing somebody or being robbed, and the responsibility lies with us individually to make the right choice! Imagine the time he owes back to others! that's a lot of bad karma! cheers

    • @frixosfriedman7813
      @frixosfriedman7813 22 วันที่ผ่านมา +2

      He's the beneficiary of a system that is rigged in favour of rich people. In this system you need money to make money. It's nearly impossible to do so otherwise. The trick is to inherit money, and if you fail that, try again!

    • @eazyt84
      @eazyt84 วันที่ผ่านมา

      Gas in France is roughly 8$ per Gallon, no?
      Wages low, high taxes

  • @mitchvelazquez2539
    @mitchvelazquez2539 หลายเดือนก่อน

    This is the first video I’ve watched from you and I’m subscribing ! Hell of a video! Do you do mentorship ?

  • @TheOcean777
    @TheOcean777 23 วันที่ผ่านมา

    Great video. I agree. Once you’re able to plan your time independent from a job, your world change. I started desiring material things much less, and just being satisfied with having more time to spend as I wish. Thank you