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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ABOUT KEN:
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.
Ken's company: mccompanies.com/
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#kenmcelroy #realestate #realestateinvesting #FinancialFreedom #WealthManagement #PassiveIncome #RealEstateInvesting #InvestmentStrategies #GenerationalWealth #LegacyPlanning #PersonalFinance #WealthCreation #FinancialIndependence #LifestyleMaintenance #AssetManagement #WealthSustainability
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It would really help us out, and it motivates Ken to make more videos.
Thank you so much it really means a lot.
It seems like you work more than most!
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!
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.
HELP you OUT??? If you're so rich, why are hand-outs wanted..... BS....
@@outlaw19able When did he ask for a handout? He asked for people to share the video and it would help out.
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.
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.
@@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.
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 🤷🏽♂️
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
@@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.
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!
thats nothing short of incredible bro keep it up
Keep at it- it is coming together!
From the trailer to owning the whole park, love it, keep it up.
Good 👍 for you
@@ensenanzas.estoicasMaybe he bought a book for $20 called how to buy real estate with no money down.
“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.
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!!
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 .
Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
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.
*@sloanmarriott5* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
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.
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.
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
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.
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.
So your broke? Lol me too
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!
That was actually the real american dream.
I believe in you
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.
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.
Financial experts such as Dustin Dwain King offer extensive knowledge and experience, aiding clients in crafting tailored financial strategies to achieve their objectives...
This video really boils down the concept of making your money last and work for you, instead of falling into decadence with it.
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.
It’s a bs
CEOs of the fortune 500 work for someone else😅
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.
Go be a CEO of a fortune 500 company 🤦🏿♂️@@NaheedMan
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.
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
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.
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.
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.
@@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.
A jet sounds like a pain in the butt
I wouldn’t _buy_ a jet, but I’d still fly private
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.
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
@@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.
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
@@billycho566 , I have 6months vacation in different places around the world, what more does anybody want.
Yep same, paid off house and 4K will sustain
I haven’t even seen the video yet , but I’m STOKED to see Ken flex, because he never does!!
I believe that is why he is making this video...for his 3rd generation!
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.
It's not that there's a playlist it's that their create it
Most rich people on TH-cam talking about how to make money are scam artist.
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).
@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.
@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.
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.
Good for you. Good luck with your PhD.
If there's one thing I have learned through the whole college scam system is that degree is worthless... Especially a phd.
@@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.
@@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
@@TruthInspectorI take it you don’t have a Ph.D.?
I like Ken because he is down to earth because he started from humble beginnings.
There's no such thing as an honest billionaire.
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.
Tell that to the Rothschilds
Thank you for staying humble. You are not only rich on the outside you are also inside rich. Now that’s quality! 😊
Not rich on the inside if you don’t have Jesus.
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.
There s a saying that says it takes 3 generations to destroy a fortune.
this is 100% true
Why then do families like the Rothschild's and the Morgan's still have unimaginable wealth throughout multiple generations?
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.
Now that you know this why save? Lol
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!
Thank you! It’s great to hear advice from someone at that level. Humility is priceless.
Never thought I’d see the day Ken showing off his wealth being a humble man he is
It is necessary once in a while. It motivates us to reach his level.
u need to flip ur mindset lol
I wouldn’t consider this showing off he’s just showing what it’s like to live his life not trying to flex
U missed the point of the whole video !!
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.
The debt thing is very debatable. My company and most companies go into debt because they pay interest rates of 6 or 7% whereas unlevered returns on a project may be 20%. To explain in laymen's terms, if you lever your project at 80% debt and fund the other 20% with equity out of your pocket, and the project returns unlevered 20% IRR, that means that 80% of stakeholders are only get a 6 or 7% return (debt/interest payments) and you get the entire rest. It raises your 20% unlevered (no debt) returns to 40% levered. Plug in 1.4^20 power. Now do 1.2^20 power. Levering (taking out debt) can exponentially increase returns. You just have to make sure that whatever investment you are taking out heavy debt on has returns a lot higher than what your interest rates. As long as the unlevered returns of a project is greater than the debt interest rates you'd get, it makes sense to lever up. Source: MIT MBA and work in private equity.
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.
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.
😂
Would you make a video on relationships please? How do you navigate through jealousy, greed, and scams?
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.
What do you do ?
Good advice but not all of it is great
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.
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
Sage advice as usual!! Thank you. Be well and enjoy your time Kenny!!!
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.
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!! 🙏🏼🙏🏼
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.
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.
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!”
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.
I love Ken for the in depth perfection on weekly vids. I think these more personal ones are even better though
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.
Always appreciate the content Ken!
Thank you, Sir! What an amazing message. In my opinion, maybe your best video ever. Keep up the great work!
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.
Thank you, Ken ! Always appreciate your wisdom !
yep, I like smaller scale and stress free environment but to have that peace of mind ~
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.
Can you adopt me?
I love how you just give it straight. I have been working with people with high net worth for two decades and time is the most valuable resource you can have or work with. Thank you
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)
As someone who is feeling tied down but also feels deep down that I can choose at any moment to travel the world, I do think about that often. Have you traveled a lot with your guaranteed freedom? (I still need a bit more cash to really let go and travel the world like I want)
@@nicosanchez_music i have seen so many countries when i was young. During university i had 3 month vacation a year. Even from USA i have been to 26 different states (as a european). I was travelling very cheap. Enjoyed me at that time, but now i have seen everything i love staying in nice places in my home country Austria. Woods, mountains, lakes, opera, theatres, snow skiing- i have everything nearby. Waiting for my son to get adult to sail around the world or at least the Mediterranean and crossing Atlantic afterwards. When you have time you have no money. When you have money you have no time. Took me very long to realize that the most important things in life are health as well as relationships. Spending time with the ones you love and friends is where you should invest the most.
Thanks for being so candid. This was a good video.
I'm a CPA and I don't work for tips. I make a nice living and I could make much more money than I do know, but helping small business owners start and grow their businesses if worth much more to me than to fly first class or on a private jet etc. Just making money is not the purpose of life, but not knowing how to and more importantly how to save and invest it can destroy lives. I'm glad Ken has made 3 Billion, I hope he's able to help others financially. Money is the one tool we all need to use but only a few actually read the owners manual
This story is the summary of all walks of life of being wealthy..I love you Ken.. thanks for the advice..
This video was much needed for me! Thanks for keeping me motivated!
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!!
Proof, perhaps.
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.
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!
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
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.
Awesome insight. Thank you
Awesome! Thanks, Ken!
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.
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.
Thank you Ken for teaching us!!
Thank you.
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...
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.
My parents came to the United States with only the clothes they were wearing, a suitcase and me. They are not wealthy in some obvious manner, but I do know they are millionaires -> assets + savings. Considering they came from a village with no running water, it's truly amazing to see what they have achieved. I've been to that village multiple times, a few times as a kid but it was when I was 18 and I saw the house where my parents lived with me for the first year of my life that it truly hit me - "Holy sh*t, I could still be living here." At which point I could truly appreciate where I found myself in life. Now as my career wanes, I've done well compared to the average American and on paper I'm a millionaire, but unfortunately it doesn't go as far as it did in the past, i.e., crossing that particular threshold. I'm certainly not going to be boarding a private jet. I'm hoping to retire early to Spain in about 3 years, my ancestry is from Northern Spain and last summer I traced my father's lineage to almost 300 years back. -Grateful
Maestro ken, gusto en saludarle.. espero que se encuentre muy bien! Siempre agradecido por toda la sabiduría que siempre comparte
Love your content. What an inspiration 😊
Thank you . Great great advice. 👍🏻👍🏻
Thank you for the valuable advice, Ken. ❤️
He gives an example of buying a jet, while I have been thinking for last couple of weeks how my life could be much easier if I'd buy an electrical scooter...
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.
Ok give it to me
Very helpful Thank you for sharing
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. 👍👍😉
Great wisdom and advice, Ken. 👍
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.
Facts… wanting allot of things is not freedom at all
Hedonic treadmill.
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…
Great video..
Thank you for your time & your stories!
Much appreciated & valued ✌🏻🤔👍🏻
I’m going to the UFC fight in June too. I thought me spending $1000 on tickets was a lot 😂
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 🙏
This is so spot on. Thanks for sharing 🙏
Great lessons in this video. Thank you Ken!
Yes sir!!!! Love this video!
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
Great wake up call. And a great story!
What would you say your day to day looks like now having experienced that large income? Do you still travel and enjoy life?
This video really spoke to me. Thank you for sharing.
Thank you for defining what to do, reconfirms what I’m doing, cheers!
Great advice, Ken
Awesome Video Ken as always.....
Always always stay humble.... Wether rich or poor, staying humble will keep you grounded.
Amazing video, Kenny!!!! I really enjoyed it and found it educational.🎉
Mind blowing knowing we are in the 0.0001 of the population gaining this knowledge at this specific time
Knowledge without action is useless.
What kinds of knowledge are you gaining, my friend? That Ken is ultra rich and we're financial ants compared to him? 🤣
@@beefchampion2792what it takes
Great video, It true as each generation it seems they get more and more entitle.
Excellent advice!
Thank you!
From Canada
Thank you, Ken, for clarification of my vision
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.
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.
Great video/content Ken and I appreciate the advice and knowledge you shared with us thank you brother.
This is the first video I’ve watched from you and I’m subscribing ! Hell of a video! Do you do mentorship ?
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 $500 a month rent for a 2 bedroom house with garages .. I can't even imagine moving back to the US ..because I don't want to live out in the desert someplace in a trailer home, I'm too old now to find a 5 figure a month job .. especially now with AI replacing so many jobs .. an the kids are lost .. ex: my daughter went to school to learn graphic design now she's got no career and my other daughter who has a PhD in architecture probably also will be soon out of a career .. but yes good for you ..
I stopped watching your video at 10,000 rentals .. may god have mercy on your soul
unfortunately most of the folks watching this vid think what he is doing is great behavior, they don't get the fact that what he is doing is stealing! and yes to all those who would say no he isn't physically taking money from those renters without their consent,- they have consented to pay that rent, I would say you cannot have uncoerced consent in a system that uses duress (ie taxes people under threat of harm). When you don't exchange time for time, you are either robbing somebody or being robbed, and the responsibility lies with us individually to make the right choice! Imagine the time he owes back to others! that's a lot of bad karma! cheers
He's the beneficiary of a system that is rigged in favour of rich people. In this system you need money to make money. It's nearly impossible to do so otherwise. The trick is to inherit money, and if you fail that, try again!
Gas in France is roughly 8$ per Gallon, no?
Wages low, high taxes
@@eazyt84 today diesel is approximately $6.87 the gallon .. yes I guess taxes are high but my daughter got her PhD for basically free and the health system will not ruin you .. yes my monthly expenses are cheap but I live a quiet life in the country ..
‘Forget’ you money 😉
Thank You!
Thank you for sharing. Right now, all the businesses that have started didn't work out. I'm not going to give up.
I like this side of Ken. Glad he’s been sharing these parts of his life.