saving with out investing, to will be difficult to maintain the same lifestyle in retirement that you did in your working years which you may find challenging .The best way to build wealth is to stay invested, but I know that can be challenging as well too, this is why I recommend *Romero* *pieto* an expert in this field.
Good to see someone out here earning with Mr pieto ....I have been his students for about 7weeks now and accumulated a total of $27000 I only started with $5000 despite the dip.
Seems like everyone was there except me! I just recognized George, who asked the first question in the QA as a Facebook connection I have. I like seeing my social network pop up at things I'm passionate about. What was your biggest takeaway from the event, James? - Gary Dobbs
Excellent topics and critical messages for all. I just had my team read sacred cows! Which touches on a number of these topics in further detail! I look forward helping other entrepreneurs be successful on their journey to creating generational wealth!
Great stuff! Everyone talks about investment, but real money is made in business. You want to get rich fast and enjoy it whilst you're young? Start a business. You think Warren Buffett is the world's best investor? He started his own firm (business) and buys businesses. Buffett is a businessman first and foremost.
Great attitude and information. Key Point- I never thought about charging my business for office rent based upon realistic Austin office space rates vs % of mortgage or rent. I would certainly like to obtain a copy of the Rockefeller book but did not see where to ask for it. Thank you
trying to understand ... about 20:15 or so he speaks of paying yourself the wealth capture account 18%. 18% of what? Your monthly salary you pay yourself? Salary goes to personal checking, then 18% of that to the wealth capture account?
I think he meant 18% of what you pay your self from your company's profits. So, if your company makes 100k in profits annually and your pay yourself 50k salary, then 18% of that is $9000.
Your 8% return on the stock market you mention is based on average period of time by average investors. Property, stock market and business are all cyclical. Smart investor make their big money mostly on the down turn, maybe read up on Tilman Fertitta. I'ts 2019 and most of the big boys are liquid now.
I don't agree with everything he says but I will say that I don't agree 1000% with Dave Ramsey. I love Dave Ramsey and he's great for a regular person that makes anywhere from 50 to $100,000 a year. I make 800000 a year and started my own business and I pissed a lot of money away no doubt. High-stakes gambling Lamborghinis McLaren's jewelry watches etc..I am 58 years old now I have several hundred thousand in the bank I should have had several million at least.but by the time I am ready to hang it up I will have at least for a 5 million in the bank as I am starting an aggressive plan of saving. I can continue to have my Lamborghini on my McLaren and still save money.I put a paltry $100,000 a year into stocks every year which will increase to about 300,000 in about 2 years.that should be good enough for me I will not have a mortgage and I will have plenty of money in retirement. So what are you saying create your business,drive to things of life when you are young which I agree with. But have some for the rainy day when you're an old person.my former father-in-law's brother had 7 million dollars he died at 62 of a heart attack and never spent a red cent. So you must have the best of both world.create your own business and create your own destiny and that is the answer
nice, so im still missing how you actually do this? not sure if im missing it or if im just a dumbass but can anyone elaborate. cause i been investing for awhile, im 34 now trying to get a lead on it while i can
Garrett I like the theme here. But I'm 19 minutes in and you've not addressed the title. I don't want to watch a 50 minute video. Id watch more of these if you got to the topic at hand, faster.
Ppl have to educate themself to learn how to be rich but not to believe commercials, that how Europeans were living for centuries creating real business witch actually produce the products actual assets
The people featured in the millionaire next door book are just that, regular people. just because they are regular people does not mean they are unhappy penny pinchers. you cannot generalize a whole subset of of the population like that. I bet this guy also has a definition of a typical American. there is no set definition because there are so many of them.
@@coolkidbmx6851 There are quite a few states with no income tax, meaning, you only pay federal and FICA. And if you're smart, you may be able to reduce it even more, or get rid of most/all of your FICA. There's ways to do that.
Hey Garrett. I was watching the video and in the middle I had to stop so I could buy the what would the rockerfellers do book. What’s the name of your company and how do I get in touch with you guys to talk about taxes. My accountant is pretty fantastic and I’m looking to add a tax attorney to the mix within the next year or 2. But I’d still like to have an extra set of eyes on things even if they don’t know my states specific tax laws/codes. You might be able to give them an idea or 2
i wellcome you all to adukaring temple"s. get rich with out human blood sacrifices , get a bussiness ring , get your man back 0r woman back, and magic ring to control what ever your heart disire , i am so greatful seeing spell caster and iwill not stop helping people on the net for the good work am doing.you can reach me on email 0r Call/WhatsApp: +17252011678 Email: adukaringtemple12@gmail.com
Man, this is super interesting. Thanks for the post. This information is very different than what you would find in the mainstream. Being new and not knowing much; this still manages to resonant with me. I will still counter this information with research from the other side of the financial information spectrum but there were some serious gems in here.
I agree, One of the most valuable lessons that resonated with me was the scarcity mindset from budgeting. I like to save, but when I think of saving in the long term, there's only so much I can save before I get all wrinkly. I think I should SAVE but invest it in a business that will grow or give me passive income. Until then, I can fully invest in stocks or real estate etc.
i wellcome you all to adukaring temple"s. get rich with out human blood sacrifices , get a bussiness ring , get your man back 0r woman back, and magic ring to control what ever your heart disire , i am so greatful seeing spell caster and iwill not stop helping people on the net for the good work am doing.you can reach me on email 0r Call/WhatsApp: +17252011678 Email: adukaringtemple12@gmail.com
Okay I do own a building, and I also reside there. I do vacation rentals. How can I charge myself rent? Can anyone explain how would look on a ledger so my CPA can use it?
@@HeavyRollin can you elaborate? "roll back onto assets?" sounds like you're saying to buy more assets or real estate. I think that's not what you mean, so I'm still confused. So... am I just adding a "rent" expense line to my spreadsheet and then put any number I want to bring my taxable income closer to "zero"?
He is a great talker, but I would disagree with him. He keeps telling the stock market is not suitable for you; if you control your money, learn how to trade the right way, your return will increase at least %12. Last five years, my trading return more than %34 - 60 More people are talking about real estate investment, but expected profit yearly %4.5 and long term; the only advantage is tax purposes, in my opinion. The real estate investment also requires a block of wealth so you can not liquidate any time, but if you create assets on the stock market and learn how to generate monthly income, you will more control on your money. Your return will be higher than any investment; the only thing is that having the right mindset, education, and firing your investment adviser, broker, and getting wet your feeds!
Engin Terzi it depends how much money you're investing with. Let's say you start with $1M, you would have to invest about $1M (assuming you get a 5% annualized dividend) for you to make about $50k per year. With $1M you'd be better off investing in real estate to earn about $100k per year from collecting rent every month. Now $1M might seem like a lot but AirBnB is a way to make money in real estate regardless of how much you're actually starting with.
Engin Terzi -- How’s your stocks doing these days? With Coronavirus running amok? Exactly. In the meantime, my two tenants are still giving me $6000 per month, plus covering maintenance expenses of my properties.
No, he chose an arbitrary span of time (2000 to 2015) in which the total gain was 8.4%, which is mainly the result of 2000 containing a stock market crash.
Pretty misleading, but you can get stats to say whatever you want them to say. And the people who are too lazy to fact check, will actually believe it. Always educate yourself.
i wellcome you all to adukaring temple"s. get rich with out human blood sacrifices , get a bussiness ring , get your man back 0r woman back, and magic ring to control what ever your heart disire , i am so greatful seeing spell caster and iwill not stop helping people on the net for the good work am doing.you can reach me on email 0r Call/WhatsApp: +17252011678 Email: adukaringtemple12@gmail.com
Stock Market is used to build wealth for retirement over long period of times for most people rent are in at. I’ve averaged 8% growth per year over the last 25 years. Avoid debt at all cost. Listen to Dave Ramsey before this guy.
i wellcome you all to adukaring temple"s. get rich with out human blood sacrifices , get a bussiness ring , get your man back 0r woman back, and magic ring to control what ever your heart disire , i am so greatful seeing spell caster and iwill not stop helping people on the net for the good work am doing.you can reach me on email 0r Call/WhatsApp: +17252011678 Email: adukaringtemple12@gmail.com
That is the point. Nobody sees the bubble when they are in one. Once it hits you, a loss by an x% followed by a gain in x% is a net loss. Not only that but then inflation kicks in since the real inflation is much higher than 2% then you can't really accumulate wealth through mutual fund investing. Better than just saving? Yes. Do you still lose purchase power? Also yes.
i wellcome you all to adukaring temple"s. get rich with out human blood sacrifices , get a bussiness ring , get your man back 0r woman back, and magic ring to control what ever your heart disire , i am so greatful seeing spell caster and iwill not stop helping people on the net for the good work am doing.you can reach me on email 0r Call/WhatsApp: +17252011678 Email: adukaringtemple12@gmail.com
So let's see, he admits that he got his financial planning credential without knowing anything more than is on the test, he then got a bunch of people into stock when he didn't know what he was doing, admits he doesn't study the stock market, and then blames the stock merket when he loses money.
saving with out investing, to will be difficult to maintain the same lifestyle in retirement that you did in your working years which you may find challenging .The best way to build wealth is to stay invested, but I know that can be challenging as well too, this is why I recommend *Romero* *pieto* an expert in this field.
Good good content .
Good to see someone out here earning with Mr pieto ....I have been his students for about 7weeks now and accumulated a total of $27000 I only started with $5000 despite the dip.
How to contact Romero pieto ?
Love his trading system , he ensure safe investment and better risk management.
Romero is the best thing that can happen to a complete beginner trader.
I was actually at this talk in-person. It was hosted in Denver. Garret was top-notch! Great advice!
How can I go to these talks also?
Sorry , I'm just here cos he looks hot
did you follow his principle? did you stay away from stocks?
Seems like everyone was there except me! I just recognized George, who asked the first question in the QA as a Facebook connection I have. I like seeing my social network pop up at things I'm passionate about. What was your biggest takeaway from the event, James? - Gary Dobbs
Not sure how I found this but I'm glad I did!
Excellent topics and critical messages for all. I just had my team read sacred cows! Which touches on a number of these topics in further detail! I look forward helping other entrepreneurs be successful on their journey to creating generational wealth!
Love this guy. Can’t believe people here were not more excited to be able to ask questions the first time he asked! Awesome!
Great stuff! Everyone talks about investment, but real money is made in business. You want to get rich fast and enjoy it whilst you're young? Start a business. You think Warren Buffett is the world's best investor? He started his own firm (business) and buys businesses. Buffett is a businessman first and foremost.
Making funds allocation of any type is still budgeting. Budgeting doesn’t have to be on every penny. It’s just telling your money what to do
Both entertaining and informative.
He's not wrong about most things he mentions, but budgeting is one surefire way to save for investing.
Wow.....now that I'm investing money and have assets that are covering my expenses, what you say makes so much more sense and resonates more.
Thanks thank for what you are doing for others adding a valum for the life.
Great attitude and information.
Key Point- I never thought about charging my business for office rent based upon realistic Austin office space rates vs % of mortgage or rent.
I would certainly like to obtain a copy of the Rockefeller book but did not see where to ask for it.
Thank you
You can grab your copy of the book here right here: wlth.co/rockefeller-book-youtube
This was just the kick n the ass I needed thank you sir 🙏🏾🙏🏾🙏🏾🙏🏾 I’m subbed 👍🏾👍🏾👍🏾
Super Seminar!
The Millionaire Next Door is a good book. I took it as what the affluent are doing using statistics. Good video by the way.
Interesting, but my God the tangents - just stay on point.
One to remember!!
great advice! thank you!
RAW REAL,,APPRECIATED THANKS
trying to understand ... about 20:15 or so he speaks of paying yourself the wealth capture account 18%. 18% of what? Your monthly salary you pay yourself? Salary goes to personal checking, then 18% of that to the wealth capture account?
I think he meant 18% of what you pay your self from your company's profits. So, if your company makes 100k in profits annually and your pay yourself 50k salary, then 18% of that is $9000.
great information. I love listening to this
What is your advice to someone who does not know anything about finances and financial intelligence.
Don't borrow money. You will get taken advantage of if you don't understand it fully.
Chris D'elia of finance
That’s Costas 😂😂
I actually thought this was stand up comedy at first
@@donnievitelloni3806 hahaj yeah. Def good stage presence
Your 8% return on the stock market you mention is based on average period of time by average investors. Property, stock market and business are all cyclical. Smart investor make their big money mostly on the down turn, maybe read up on Tilman Fertitta. I'ts 2019 and most of the big boys are liquid now.
👌 👌 ill check it out thanks for infro its always good to do your own research and really listen to what people are not sayin
When he spoke about the guy who had tips on the school loans, he never specified where that information was located... Anyone have any idea?
Just discovered you. Very inspiring videos!
Start at 19:30
Mark Hallam thank you!
24:04 INTERESTING FACTS!
I don't agree with everything he says but I will say that I don't agree 1000% with Dave Ramsey. I love Dave Ramsey and he's great for a regular person that makes anywhere from 50 to $100,000 a year. I make 800000 a year and started my own business and I pissed a lot of money away no doubt. High-stakes gambling Lamborghinis McLaren's jewelry watches etc..I am 58 years old now I have several hundred thousand in the bank I should have had several million at least.but by the time I am ready to hang it up I will have at least for a 5 million in the bank as I am starting an aggressive plan of saving. I can continue to have my Lamborghini on my McLaren and still save money.I put a paltry $100,000 a year into stocks every year which will increase to about 300,000 in about 2 years.that should be good enough for me I will not have a mortgage and I will have plenty of money in retirement. So what are you saying create your business,drive to things of life when you are young which I agree with. But have some for the rainy day when you're an old person.my former father-in-law's brother had 7 million dollars he died at 62 of a heart attack and never spent a red cent. So you must have the best of both world.create your own business and create your own destiny and that is the answer
nice, so im still missing how you actually do this? not sure if im missing it or if im just a dumbass but can anyone elaborate. cause i been investing for awhile, im 34 now trying to get a lead on it while i can
Do you have a training program? I couldn't find one on the wealth factory website. Thanks for the reply.
Garrett I like the theme here. But I'm 19 minutes in and you've not addressed the title.
I don't want to watch a 50 minute video.
Id watch more of these if you got to the topic at hand, faster.
Ppl have to educate themself to learn how to be rich but not to believe commercials, that how Europeans were living for centuries creating real business witch actually produce the products actual assets
George!!!
I save 80%
My discovery was tax except income tax TODAY not in THE FUTURE. It's available to a few.
Very true.
where is the link to the book? please thank you
The people featured in the millionaire next door book are just that, regular people. just because they are regular people does not mean they are unhappy penny pinchers. you cannot generalize a whole subset of of the population like that. I bet this guy also has a definition of a typical American. there is no set definition because there are so many of them.
loved it
If only this man had answers for avoiding divorce rape in "family" court ....
step 1. make sure that wifey is working step 2. make sure she signs a good pre-nup. step 3. see step 1
Pre Nup and make sure she is a heiress to trust funds and charities. No Housewives!!!
We have 7 accounts for this purpose.
The best way for not paying taxes is simply moving the IP towards an island or country with very low regulations.
Any advice about saving taxes in Canada ?
Leave?
@@manictiger like the usa is any better at all... or the rest of the world at that
@@coolkidbmx6851
There are quite a few states with no income tax, meaning, you only pay federal and FICA. And if you're smart, you may be able to reduce it even more, or get rid of most/all of your FICA. There's ways to do that.
Love it
Hey Garrett. I was watching the video and in the middle I had to stop so I could buy the what would the rockerfellers do book.
What’s the name of your company and how do I get in touch with you guys to talk about taxes.
My accountant is pretty fantastic and I’m looking to add a tax attorney to the mix within the next year or 2. But I’d still like to have an extra set of eyes on things even if they don’t know my states specific tax laws/codes. You might be able to give them an idea or 2
i wellcome you all to adukaring temple"s.
get rich with out human blood sacrifices , get
a bussiness ring , get your man back 0r
woman back, and magic ring to control what
ever your heart disire , i am so greatful
seeing spell caster and iwill not stop helping
people on the net for the good work am
doing.you can reach me on email 0r
Call/WhatsApp: +17252011678
Email: adukaringtemple12@gmail.com
Wao wao is interesting information.
Man, this is super interesting. Thanks for the post. This information is very different than what you would find in the mainstream. Being new and not knowing much; this still manages to resonant with me. I will still counter this information with research from the other side of the financial information spectrum but there were some serious gems in here.
I agree, One of the most valuable lessons that resonated with me was the scarcity mindset from budgeting. I like to save, but when I think of saving in the long term, there's only so much I can save before I get all wrinkly. I think I should SAVE but invest it in a business that will grow or give me passive income. Until then, I can fully invest in stocks or real estate etc.
i wellcome you all to adukaring temple"s.
get rich with out human blood sacrifices , get
a bussiness ring , get your man back 0r
woman back, and magic ring to control what
ever your heart disire , i am so greatful
seeing spell caster and iwill not stop helping
people on the net for the good work am
doing.you can reach me on email 0r
Call/WhatsApp: +17252011678
Email: adukaringtemple12@gmail.com
Okay I do own a building, and I also reside there. I do vacation rentals. How can I charge myself rent? Can anyone explain how would look on a ledger so my CPA can use it?
You're already paying yourself. Just no reporting of profits. Roll back cashflow onto assets. Repeat.
@@HeavyRollin can you elaborate? "roll back onto assets?" sounds like you're saying to buy more assets or real estate. I think that's not what you mean, so I'm still confused.
So... am I just adding a "rent" expense line to my spreadsheet and then put any number I want to bring my taxable income closer to "zero"?
@@ridesharerecruiter6009 yes!
Turn into an LLC.
Just came across his video...hmmmm intriguing...
He is a great talker, but I would disagree with him. He keeps telling the stock market is not suitable for you; if you control your money, learn how to trade the right way, your return will increase at least %12. Last five years, my trading return more than %34 - 60 More people are talking about real estate investment, but expected profit yearly %4.5 and long term; the only advantage is tax purposes, in my opinion. The real estate investment also requires a block of wealth so you can not liquidate any time, but if you create assets on the stock market and learn how to generate monthly income, you will more control on your money. Your return will be higher than any investment; the only thing is that having the right mindset, education, and firing your investment adviser, broker, and getting wet your feeds!
Engin Terzi it depends how much money you're investing with. Let's say you start with $1M, you would have to invest about $1M (assuming you get a 5% annualized dividend) for you to make about $50k per year. With $1M you'd be better off investing in real estate to earn about $100k per year from collecting rent every month.
Now $1M might seem like a lot but AirBnB is a way to make money in real estate regardless of how much you're actually starting with.
Not everyone understands the stock market well.
Engin Terzi -- How’s your stocks doing these days? With Coronavirus running amok? Exactly. In the meantime, my two tenants are still giving me $6000 per month, plus covering maintenance expenses of my properties.
ok how about now? do you still disagree?
So basically: Richest man in Babylon. Good talk though.
27 mins in all I'm hearing is retarick where's the meat on this bone?
In contact from the heart /Capital of America Panama Rep of Panama.
I'm in contact with the information.
Can I get a copy of your book?
www.wealthfactory.com
did he just say that the total return of the stock market over the last several hundred years is 8.4%?
No, he chose an arbitrary span of time (2000 to 2015) in which the total gain was 8.4%, which is mainly the result of 2000 containing a stock market crash.
Pretty misleading, but you can get stats to say whatever you want them to say. And the people who are too lazy to fact check, will actually believe it. Always educate yourself.
i wellcome you all to adukaring temple"s.
get rich with out human blood sacrifices , get
a bussiness ring , get your man back 0r
woman back, and magic ring to control what
ever your heart disire , i am so greatful
seeing spell caster and iwill not stop helping
people on the net for the good work am
doing.you can reach me on email 0r
Call/WhatsApp: +17252011678
Email: adukaringtemple12@gmail.com
Average is not misleading. 80% of people live paycheck to paycheck. If you are planning for retirement you will be in top 20% when you retire.
The great Biggie Smalls the Notorious B.I.G
Do you just work with rich people?
19:48
I subscribed here and your personal channel today.
why do I feel like I'm gonna go to jail if I listen to this guy?
😆 😆
Stock Market is used to build wealth for retirement over long period of times for most people rent are in at. I’ve averaged 8% growth per year over the last 25 years. Avoid debt at all cost. Listen to Dave Ramsey before this guy.
Who else think that guy with a spec glass sounds like Robert Kiyosaki.
i wellcome you all to adukaring temple"s.
get rich with out human blood sacrifices , get
a bussiness ring , get your man back 0r
woman back, and magic ring to control what
ever your heart disire , i am so greatful
seeing spell caster and iwill not stop helping
people on the net for the good work am
doing.you can reach me on email 0r
Call/WhatsApp: +17252011678
Email: adukaringtemple12@gmail.com
Wait.....isn't your plan to eliminate budgeting...actually budgeting?
Value has to be re learned on both Capitol hill and on Wall street! Stocks are overvalued and mutual funds values are bogus.
Taxes are down from when he made this speech ... sooo
Entertaining but move up to 17 minutes in ....
So stupid. He picked a massive bubble in the stock market to come up with his dodgy figures.
Steve O'Neill indeed. Why not set the clock to March 2009? Or 1995?
@@raheelakhtar7 Simple - it's a scam.
That is the point. Nobody sees the bubble when they are in one. Once it hits you, a loss by an x% followed by a gain in x% is a net loss. Not only that but then inflation kicks in since the real inflation is much higher than 2% then you can't really accumulate wealth through mutual fund investing. Better than just saving? Yes. Do you still lose purchase power? Also yes.
i wellcome you all to adukaring temple"s.
get rich with out human blood sacrifices , get
a bussiness ring , get your man back 0r
woman back, and magic ring to control what
ever your heart disire , i am so greatful
seeing spell caster and iwill not stop helping
people on the net for the good work am
doing.you can reach me on email 0r
Call/WhatsApp: +17252011678
Email: adukaringtemple12@gmail.com
No. Go to Daveramsey.com
Does he know that teaching is when you explain in a way the students will understand, not talking 300 words per second
Change the tax code to the Fair Tax and you will keep a boatload of cash. Because the freeloaders will be paying their fair share.
What is he talking about? Hahaha
anger is not good advisor chkek poverb
46:01
So we just gonna pretend like he didn’t just say that?
that was pretty funny
He was probably talking about the Chinese fake Skeve Jobbs with the fake Apply iPhones.
So let's see, he admits that he got his financial planning credential without knowing anything more than is on the test, he then got a bunch of people into stock when he didn't know what he was doing, admits he doesn't study the stock market, and then blames the stock merket when he loses money.