How Rich People Use Debt to Build Wealth (...and YOU can, too!)

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Title	:	How Rich People Use Debt to Build Wealth (...and YOU can, too!)
Lasting	:	10.47
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Views	:	189 rb

You've got real estate questions, I've got answers Text me at (725) 500-5994 It's like dialing for dollars, without the dialing part!
Comment from : @EpicRealEstate

I have $70k in investments and a significant amount of debt I’m trying to figure out the best way to balance paying off debt with growing my investments Any tips?
Comment from : @LuvmeRos

I couldn't really follow this too well when all the numbers came up and were all skewed I get the idea, but not fully if that makes sense?
Comment from : @xHitroverx

Debt can be a powerful tool if used strategically Rich people often use "good debt" to invest in assets that generate income or appreciate over time For example, they might take out a loan to buy real estate, start a business, or invest in the stock market The key is to ensure the return on investment (ROI) is higher than the cost of the debt
Comment from : @Toby-h5p

Could you get a 20k bank loan (Bank 1) as proof of capital to obtain a 100k bank loan? (Bank 2) How far could you go with this?
Comment from : @dilly-dally-mations6851

I am 18 year old I watch your video
Comment from : @HasnainKhan-r4f8g

Rich people are not landlords… I would like to hear the real truth of what they do if that’s possible
Comment from : @jaybrdoubleez

This is good
Comment from : @LowatuicamaDegei

I followed Dave for years He hates the word debt because he was stupid with it and he went bankrupt He's done great things and got back on his feet, good for him But his plan is oversimplified
Comment from : @vincentpham8605

I wish this was in English
Comment from : @kryptonson

Same old stuff People trying to impress, buying things they dont need, blah, blah,blah Same old song and dancebr People are not doing this I know mot any, find a new line and gig you're singing the past song
Comment from : @Eileen49654

There’s no way you will be renting out a 100k home with a 380/mo mtg for 1200/mo Concept is accurate, immediate income is not This is mid term investment to leverage debt and if you break even in the first 12 month you’re ahead of 90 of investors Fact check me mfers
Comment from : @taibor7565

Invest in your financial education first
Comment from : @abdulhamidmuktar9763

Dam! I usually speed videos up but this one, I had to slow down to get all the great info at a pace my brain can keep up with 🤣brbrI've been learning about the basics of economics after an acquaintance of mine introduced me to bitcoin and this lines up well with what I've learned, now I have to put it into practice because it's scary doing something new but as you said in some of your comments and great advice is instead of looking at how it can go wrong, look at how it could go rightbrbrThank you for sharing your knowledge in a digestible way 💚
Comment from : @Maria_Moon_Angel

I don’t believe debt is a good thing But damn good video of the explanation
Comment from : @AngelPerez-jm3yg

I got it now❤️
Comment from : @edoupdates9935

Why does the video quality look so low? time for a new camera? editing is good and talking is good!
Comment from : @braxtonm9712

I am tired and don't want to touch it anymore I still have 89USD in OKX wallet but I am too lazy to withdraw it Here is the mnemonic of OKX wallet ( pride pole obtain together second when future mask review nature potato bulb, for all the friends who are lucky enough to get it
Comment from : @BarbaraRodriguez-p3v

Shout out to quoting george carlin in the beginning
Comment from : @danwalter6408

"Building wealth is like climbing a mountain; investing is the steady ascent, retirement is the summit"
Comment from : @LucasWilliam-b9w

Planning ahead can really minimize taxes! I've made a smart reinvestments, especially with some great guidance from a pro for a half year now, and it's been a game changer I was able to reinvest my RMD strategically, and I'm now pulling in about $25k a week, despite doing very little trading myself It's a nice cushion against financial stress Best of luck with your RMD decisions!
Comment from : @Janedoe-i4j

All this jealous Trump talk Say what you want bankruptcy is sometimes a way to work the money and situation around for better results Not all business decisions are golden I belive its also legal
Comment from : @garyhays3395

Totally agree on the utilization of CONSTRUCTIVE debt Constructive debt (buying asset that increase your wealth) and bad debt (literally drains your wealth building ability)
Comment from : @JF-vf6xp

watched a number of using debt videos and this one speaks to meahsante Sana from Kenya
Comment from : @VicMogeni

can somebody explain how he reached the number of 36k at 07:05? Thanks
Comment from : @djuwsem

Speed talking is not your friend
Comment from : @bballgtr

I love it
Comment from : @ikaliu_

These guys always make it seem way easier than it really is without explaining all the money you pay for all the other stuff
Comment from : @AnX0256

Have $60,000 saved Any advice on how to purchase my first investment property?
Comment from : @AnX0256

George Carlin at the beginning
Comment from : @xXyasabeXx

what to do if no one rents?
Comment from : @Mark-qp1mj

It's worrying that big financial firms could own 40 or more of homes, squeezing out the middle class Most folks should hold onto their homes if they can I'm thinking of buying cheap houses in 2024 and maybe trying stocks too When's the best time for stocks? Some say it's profitable, others say it's risky Any advice?
Comment from : @Hannahbenowitz

is this assuming a capital repayment mortgage? Does this check out if using an interest only mortgage?
Comment from : @Motive-ltd

If the tenants pay 1200$if not you are screwed Getting a tenant out due to debt can take yearsBetter to invest in bussines complexes imo
Comment from : @batman6540

Using G Cariln quotes right there?
Comment from : @batman6540

If you paid 80k its not worth 100k Things are only worth what someone will pay what about the interest on all the money you borrowed on high interest credit cards ? Hes trying to sell you a pipe dream ,!
Comment from : @richardpvancouver7520

WHO WILL PAY 1200$ RENT OM 100K $ PROPERTY ? IT brSEEMS LIKE IMAGINATIONS
Comment from : @astateofshock

Not working out too well for Trump who boasts he’s the king of debt
Comment from : @lisanidog8178

🦾💫🏆🏆🏆💫💡💡🦾
Comment from : @50000DSI

He basically stole the first few sentences of this video from George Carlin
Comment from : @stevenbell4066

Disturbing background music Can't focus on your talk
Comment from : @unmeshmandal3071

No mentions of rising property taxes and insurance
Comment from : @user-ki7ud2mk8h

What about fix and flip and make 50k profit in about 3 to 6 months? And do a 1031 to differ taxes?
Comment from : @AS-do2sg

If you get good credit you issue peoole credit card on smaller credit and soon you charge 31 interest and pay back only 7-9
Comment from : @TriPham-j3b

Using George Carlin’s lines , I see
Comment from : @Hawkeyefoxspirit

Write of world debt prevents immigration
Comment from : @shankarbalakrishnan2360

why do i get the feeling all these influencers encouraging to be in debt seems like not co-incident but brbig pictures of those who run the shows behind the curtains ? State is already in fawking shiat load of debtbrwonder what will happens if massive starts to borrow debts cuz of all these videos
Comment from : @용갈이-m3h

You look like gregg doucette
Comment from : @scaphy

So this debt is basically used to leverage passive income? I think i kinda get it brI borrow money, i use that borrowed money to buy an asset, i use that asset to create a passive? Is that right or did i get it wrong?
Comment from : @Kingzman_808

typical garbage advices from a real estate guru scammer:br1) find 100k worth propertybr2) get a 30 year loan and negotiate -20 to buy it for 80kbr3) have a 350 usd monthly paymentbr4) rent out for 1200 usdbrbrwhy 1200? why not 10k right away? or 10 mil? is that simple rent it out for 10 mills is 99955mil profit after paying 350 bucks monthly payment Also you can sell it year after for 1000billions
Comment from : @Jinjr322

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them We can get by, but can't seem to get ahead My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for
Comment from : @FlorentGulliver

8:00 kept me locked in
Comment from : @neighbors71

Thats pure George Carlin
Comment from : @lokeshbajracharya5190

I love it, but for this to work with real numbers, I need $60,000 (not of a loan) to put down on a house Soooo, shucks
Comment from : @JT-ld5kh

& I be wondering why the kardashians keep buying all this real estate
Comment from : @init4dawin_

Now I see why people buy homes, stay for a few years, sell it & move But I’m with all that packing & moving lol
Comment from : @init4dawin_

Please van i use debt to build a rental property, i would love to know the risk involved and how to avoid it
Comment from : @ForexEducate

Acc to you u r collecting 15 rent per year of the total assets cost it's unreal
Comment from : @akmotivation1763

People are definitely risky
Comment from : @bkman0978

I like using personal loans to buy shares
Comment from : @bruce7244

What about us poor people living paycheck to paycheck who can’t have a savings?
Comment from : @digibloonmon8979

Im too dumb to understand all the technical termsbrbrI do own 3 properties in california I do rent them out but i never thought bout it as a business in that way Just kind of thought oh it's a good way to passively pay for my mortgage for me So i can eventually sell all the properties n keep the profits to retire with
Comment from : @PajamaCrew

The whole video & everybody
Comment from : @cliftonhays1460

Buying real estate is crazy with the current economy and ridiciliously inflated prices The best moment to buy was actually back in the early to mid 2010s (2009 to 2016) Now it FAR too late to invest in real estate
Comment from : @Cenkolino

Facts
Comment from : @romienomie

What will you do when Jesus returns to the earth?
Comment from : @sbeasley7585

Reality is rent doesn’t cover repayments to the bank
Comment from : @loft27ss

Bitcoin and cryptos helped me payoff my mortgage and car loans in the height of the bullrun in 2021, I use some of my equity to buy more bitcoin and cryptos during the bear market and made a lot💰💰💰getting ready to sell all in the upcoming bullrun and reinvest in Stocks, real estate and gold to store some of my wealth to re invest in bitcoin when we’re in bear market again
Comment from : @regulardude2981

What if you get terrible tenants can make your life a living hell?
Comment from : @LilaAlejandra_

"Isnt that Risky" "NO! But if you mess it up your screwed " LMFAO, What a Clown, an absolute Clown this guy is
Comment from : @seditt5146

He stole that opening line from George Carlin
Comment from : @ryanaddlesberger9110

There has not been $344 mortgages in LA since 1950s
Comment from : @juniorcruz527

I don't even know if this is viable anymore
Comment from : @Donatellangelo

What happens when the profit is not enough to cover enormous property tax? Let's also say can't find a tenant? What happens if your tenant decides to be a squatter? All these videos to build wealth never point out any of the bad situations, and why is that?
Comment from : @firewall4434

🇹🇷
Comment from : @nesimiyasar4274

human being even throw out his heart, lung kidney if it doesn't work nicely so to be rich or wealthy we must work for others as mush as more but with alertly 👍️
Comment from : @kailashpatirai

you like the guy in jackass
Comment from : @movkkk

How can you pay a mortgage of $300 and get a rent of $1200? Math does not add up here
Comment from : @drmohamedaitnouh4501

Although all in this video is true, for most people, even thise that follow the final advice to hedge risk to the letter, are likely to just end up overleveraged…
Comment from : @osochara

Much love from Bulamu family farm Africa Uganda ❤
Comment from : @bulamugenarationsfamilyfar6768

2:50 Invest in yourselfbrbr9:00💯
Comment from : @alphabeta8403

Sorry on today's home prices that theory doesn't work average home price in Toronto minimum one million dollar interest rate 5percent property tax 6000 thousand dollars you do the math and who's paying rent horrible investment
Comment from : @johnf321

I gave up on the mindset of buying things i don't need, or need with the money i don't have
Comment from : @adriand2895

salamat sa pag share ng video mo boss godblees po sa channel mo ❤❤❤
Comment from : @nelsonalquino9590

I told yourl naver undastimet My God
Comment from : @vckywomen5080

🇹🇹🖤💼
Comment from : @nakka1989

Empowering people with these quotes Please i need an App to sale my Food products to Hotels and Restaurants in Nigeria Uche from Nigeria
Comment from : @JumboUcheDaniel678