How To Build Wealth In Your 20s - The Easy Way
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- เผยแพร่เมื่อ 27 ก.ย. 2024
- After the inspiration from GQ Sports | My First $1M - here is exactly how I made - and spent - my first one million dollars by working as a real estate agent and investor. Enjoy! Add me on Instagram: GPStephan
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Key takeaway here is to use your money to buy things that go up in value over time not down. Great video!
Very true!
Essentially the message of Rich Dad, Poor Dad.
That take away for me is to take risks in those appreciations. Dave R. Would poop if you asked him if you should buy a lotus Elise. But graham bought slightly used when most depreciation had taken place. - Graham also did a lot or at least some of the Remodle work himself. - Great video - however 2021 is a different story. I’m in UT we just bought our 10th rental. Worry about realestate drop. But it makes sense for us because the company is doing 1031 exchanges on commercial assets. Because we have cash needing to be tied up we are buying. I’m not a realtor, but i did a classified post “sell your home, don’t move and maybe don’t pay rent” we adjusted the sale price to cover a years worth of rent and immediately had equity. I took the REPC and made a deal the next day from the listing. Very blessed. Thank you
Thanks John
@@GrahamStephan take no offense after watching Gotham your just kidding sounded like Jerome from Gotham.
every successful individual worked so hard.
i took the step to build a wealthy life with the help of my adviser...
Jenny Pamogas Canaya is my adviser....,
I love that you mentioned not being so frugal, to miss out on great experiences and personal growth! The goal is not just to get wealthy, but to have an all around rich life too! Thanks Graham 👍
I wish you had this platform when I was in my 20's, in my 40s now I'm listening and learning. First things first, get yourself debt free first and its butter after that.
Absolutely, however not all debt is bad! Cheap debt used to buy assets is a wise choice. The difference ultimately is you want to use debt to be a producer, not consumer.
nono not smart. debt is good with these inflationrates.
also paying off a house doesnt get u anywhere because the money is stuck. + u need to pay more taxes
@@MrMoneyMindset Well I agree, I paid off credit card and auto debt to invest in real estate, we know thats the way to go!
@@michaelmich00 guess you didn't read the other comments.
Love seeing this transparency and hearing all the lessons you've learned Graham! And I love investing in real estate too, such a game changer! 😊😊
Great to hear!
@@GrahamStephan Great video! Love how straight forward you are and always enjoy watching the videos. What happened to your left elbow it looks bruised pretty bad?
I'm about to be a licensed real estate sales person and I'm a full time psychology major trying to live both my passions at the same time. Thank you for giving me the push and all the advice over the years. You have taught me so much about finances and got me obsessed with real estate.
Brah you’re literally living my dream. I too plan on going to school for Psychology then I want to get into real estate lol
@@haxmoney3934 keep your focus and nothing can stop you c:
Is this the best time?
Yea! The best time to trade uranium stocks *(DYOR)* do your own research. Through a professional *Nancy* *Lynn* *Lewis* you can look her up!
Living off Uranium stocks currently. It's fun
@@rockwellantonette4238 I remember her from Fenner & Smith great woman.
Loved the opening when talking about these athletes making money, "usually it's a train wreck... But sometimes they end up building their wealth!" The honest truth is that there is no better university than the University of Hard Knocks and doing exactly what you did, Graham. The get rich by Tuesday mentality often results in a poor by Wednesday result. From pure experience and wisdom gained from others, the equation to wealth is actually really simple: Consistency + Patience = wealth. Not necessarily how much I am making, but how am I saving and moreover growing my dollar over time.. Don't be fooled by the allure of those who "made it."
You're an inspiration Graham, you kept hustling and staying humble til you "made it!" :D
ah thanks!
Getting in real estate can get you to a million really quickly, and I love the idea getting your account to no money at the end of the year so you knew you had invested all of it! That first million really is amazing and changes everything. Thanks for the great video Graham!
Absolutely!
"That first million" I wish I had my first hundred thousand lol maybe one day i'll be like you and graham
You’re a massive inspiration Graham! Thank you for being so transparent. I’ve learnt so much about finance/investing from watching your videos than my uni classes lol
Christmas came early this year! Great insight on your 20s and how you spent your money! Thanks Graham
You’re a real one Graham. I’m inspired by your success and humility at the same time. Even more so since we are the same age. Way to go man, thanks for the content keeps me focused.
As someone who spent everything I made on going out and having a good time, trust me you made the right decision being frugal. Friends are temporary, money is forever.
But experiences are forever, too!
@@GrahamStephan saving money when you are young is more effective then saving when you are older. You can retire early if you are frugal when you are young and delay the payoff of your work for increased fun when you are older. The problem with having the time of your life when you are young is the rest of your life just feels like its downhill from there. After doing that myself I would rather feel life is the opposite and gets better over time.
What about vacations
@@BrendonLeaman If you even life to "when you're older" you still won't experience it the same way as when you're in your youth. It's about balance - save, invest and live/experience things
Find a balance
I watch already your videos for a very long time
But I feel that this one is extra special!
Because I'm starting now to go into business and I'm thinking of doing real estate/rentals,
and you gave me a big push for that
thank you very much!
Keep it up graham 👍
1:18 - Graham out here ready to drop his first album "Coral Coin"
ha yes!
I also don’t spend any money. I’m not sure if it is the right decision, but when I try to spend my own money I just think that there is something better to spend it on. I am not old enough to actually earn money, but saving your birthday money every single year since you were born actually gets you quite a bit of money by the time you are 15.
Can’t lie, Graham is one of the realest internet marketing entrepreneurs in the space. Documented parts of his entire journey. Can’t really question his authenticity.
Finding your channel last year and listening to the iced coffee hour definitely got me motivated to make a podcast. Thanks for the inspiration.
Thank you so very much
Smashed the like button for the algorithm. Thanks for the video graham!
Your channel is so helpful to understand than school.
Happy to hear that!
Most people can’t understand how important are their 20’s
Graham the GOAT. Smashed the like button for eternal good luck & fortune
THANKS!
Thanks for sharing. I wish I had an earlier start like you. I was still in graduate school at that age😓
WELCOME
Glad you mentioned the trade offs of being too frugal. I see it all too often, people becoming old with a lot of of money with no life experiences to show for it. Gotta find the right balance!
"What's up Graham , Its Guys Here"
- Graham Stephan
I think the pandemic has taught people the importance of multiple streams of income. Having a 9-5 job does not mean security its having investments and side hustles that are working simultaneously to keep you thriving in life.
I smash the like button your a blessing with your videos 🙌🙌🙌🙌🙌🙌🙌
I am 21 years old i been watching ur videos and am taking notes i have been saving up all the money i make to get into real estate.
Broadway and City First has merged as one and shares of (BYFC) is under $2.60 a share. Just throwing this out there for Monday morning.
Really enjoyed the video Graham! My favorite one I've seen on your channel in a few months!
Even though your Lotus was a "liability" you used it to network with clients and leveraged that to make more money. If you did not own the first lotus, you wouldn't have met those people. So you essentially turned that liability into an asset.
It also gave you credibility in your early YT career. People saw the car and automatically assumed you were successful and knew what you were talking about. These materialistic things don't mean anything, but they do attract attention. Attention is the new currency.
Thanks for sharing your mindset Graham, very inspiring!
Well done! You inspired us to make our first million as well. Mission accomplished at age 35! Little late on the starting blocks!
well done!! :)
How’d you do it?
Congratulations! You should be so proud :)
Love the inspiration here Graham! Your story always gets me hyped to go out and find deals! Especially when you're young, use your money to invest in things that go up in value, not down!
"whats up Grahams its guys here" lol
Great video as always Graham! I am trying to build as much wealth in my 20's as possible and have been documenting them in my TH-cam videos. You're a great inspiration, thank you.
Love the energy Graham have!!!
HE DID IT AGAIN!!! 0:00
Time travel exists
But how?!
when will you let me use the time machine :(
Sure the Lotus, but not everything is about the money. Mental wellbeing is a must have if you're able to swing it. Cars being one of the more expensive outlets
What's Gram guys its up here
10:20 LOL, that's funny! But it worked out (: now you have it all
Can anyone point me in the direction of his real estate channel? I've been trying to learn more on how to buy and renovate properties. Financial Freedom here I come!
“What’s up Graham it’s guys here.” For real laughed out loud.
Dude your highscool part time job pays more than to a recently graduated Engineer in my country (Peru), USA is one of the only countries you can really be millionare easily
Graham, you are very helpful and thank you for sharing your experiences, I’ve learnt so much from you. I’m almost 30 yrs old and have finally saved enough money to buy my first property but I’m now considering one of two options. I really would appreciate your advice Graham. Should I: A) Buy a rental properly first then cashflow it to buy my first residential property a few years later (which means living with parents till I’m 32) or B) buy a residential property first and then start saving again from scratch to buy my first rental property.
Why not get a duplex so you can live there AND rent it out??? :)
@@babybbbb I’m from the UK so there are not many duplexes here. Also I prefer to give my renters some privacy and I’d also appreciate some privacy too. Thank you for your suggestion though, I appreciate it ☺️
@@CookingDelight you don’t live together in a duplex bro, there are two completely separate units that may just share a wall, kind of like an apartment
@@Srism-leet I don’t want to live next door to my renter. I want privacy. I can imagine there will be regular knocks on my door whenever there is an issue 😩
@@CookingDelight Hire a property manager that way they won't know you own the property. Just tell the management company not to tell your renters that you are the owner.
I was watching selling sunset and I saw you lol I was like wait a minute is that him! And yes that was you in that pool party lol 😂 too much drama
"All I wanted to do is make and save more money just to go and buy more rental property." - Graham Stephan.
See it's great to want passive income, but part of the housing crisis is built on the fact the supply of homes shrinks when too many people are hoarding up properties. Maybe it's not personal landlords but big companies like BlackRock buying them all up but housing affordability is a big issue but a lot of people try and treat real estate like a monopoly board collecting and renting out in an endless cycle. Food for thought
"What's up Graham it's guys here"
Best video I have ever watched from you , thanks!
Nice video Graham! Thank you for sharing!
You’re an inspiration. Thanks for sharing!
I appreciate that!
I think you look young now, but you REALLY look young in that fish tank photo. And kudos to you for having a strong work ethic at such a young age. Your parents did something right.
very good video, thank you
bandman stephen
Thanks dude
It’s cool you show all this ! I watch all your videos ! You’re inspiring !
Graham is has been great watching your videos for the past three years. I can remember the day you posted the renovation video, good times! Thank you freind! Happy New Year!
Graham is my role model in life when it comes to finances, someday I’m gonna be richer than him though
Great video Graham! You continue to motivate me to pursue my dreams!
Glad to hear it!
Can this be a series? Like 30s, 40s, 50s and maybe there could be a specialist from those age groups to talk about it. I'm in my 30s and I wish I was more financially aware in my 20s
Even though we know your story through the podcast and old videos!! But this is soo good!!💯
Thank you Graham!
Did he just say "welcome Graham, it's guys here"??? He is a genious :D
im 30 I finished university and I still cant find a job. I am still applying for jobs. Everyone is asking 1-3 years of experience for entry level position . So the answer is, no you cannot build wealth. unless you want to work in a warehouse or grocery store where you don't need education and working conditions there are horrible.
Great Videos. Young and on the same journey.
Thanks for all the work you, do getting this videos out.
And I quote “What’s up Graham, it’s guys here!”
Haha after the course ad you should’ve coughed and said Kevin 😂😂😂💀
Wow! This was super useful and helpful info! Great video as usual Graham!
Great to hear!
I bought a 2016 Z06 at 26, (before the market boom) I rent it on Turo and it costs the same as a Honda Civic. Still probably not a smart buy, but "you only live once" and it's an amazing time
I forgot about the story of Graham working for a precious metals dealer. I also work for a precious metals investment group that came out of Beverly Hills and is now in Dallas, Tx. I love it so far
I’m in the sales department so my commissions are great!
I'm super happy because I earn $26 an hour at my job and now I'm starting a new process to start my business, it's almost done.
Hey Graham I would love to see a video about business ideas for 2022
Hey Graham, I have been watching your since May 2020, and since then I have never missed a video or smashing that like bottom, am greatful for wisdom. Thank you.
Amazing video graham
I really like your videos. Always so informative and the community is great too.
I appreciate that!
Good video but I am quite upset that the title has nothing to do with the video :(
I was more interested in actually learning how to build wealth rather than hearing your story.
You're awesome! We love you over here at the Big family!
“What’s up Graham, it’s guys here” -Graham lol
Exactly what I came to comment LOL!
Thanks gram for this video I’m 19 sooo perfect timing
Go. Little. Rockstar.
There you go the secrets of success
“What’s graham, it’s guys here” lolll
You should write the book of this.
That highschool email is better than my whole vocabulary of the English language
Thanks!!
I love how he said the intro backwards 🤣🤣mans is funny I have to subscribe
Congrats Graham you da best!
Genius video concept thanks graham
Glad you liked it!
Commenting for the algorithm.
cheap vs. frugal? Would you consider a video on this topic?
Good story but I believe only few who did what you did succeed.
I completed the video...I appreciated your candor.
Track down the orange lotus and buy it back
The original title fits the video better then what it was changed too
The glo up was real
yep!
@@GrahamStephan 12 seconds to reply. You are one of a kind bro
Thank you for the video, Graham! Just downloaded your app, looking forward to seeing what it offers!
your videos are super understandable and your presentation is excellent . Most resource gives vague instructions without making the newbie understand how things really work . You have gained me as a follower and soon I'll get your paid stuff for sure . You really add value . Keep going !
I saved enough to start my own business. Will be launching summer of 2022. If things go right, I will be able to save enough to buy a rental property.
Hey, wouldn’t be possible if I didn’t come across Graham.
happy to help! :)
Amazing. And I’m just here trying to make my first million. Truly inspiring, hopefully YT also helps me get there.
You got this!
I believe in you Lester