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1,519 Views • Jul 11, 2024 • Click to toggle off description
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Uploaded At Jul 11, 2024 ^^
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RYD date created : 2024-07-12T01:58:29.807478Z
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24 Comments
Top Comments of this video!! :3
He’s full of it
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I agree with the “stitch,” about investing in RE. It produces current income and opportunity, instead of just waiting until you are old and decrepit. 😅 *It is not “passive,” though, as it takes work to manage rentals, or manage managers. (It reduces assets under management, hurting advisers that want a cut of your portfolio.
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You MUST SAVE!
That’s the simple truth!
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I did?
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Saving lol, retirement feels like a distant dream. Between inflation and this shaky market,
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Savings alone will destroy your retirement… my parent’s friend saved $200k thinking it’s enough, but during his retirement the amount is depleting faster than he thought. Old folks still have the thinking that $1 can buy you loads of stuffs 😅
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You do not need a stagnant pool of money, but a flowing stream of income, to survive.
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It’s a catchy, deceptive, distinction: saving in a passbook account, or even CDs, won’t work; but saving to an invested account is still saving. I find it unethical to implicitly change the definition of “saving” to include only cash bank accounts, then to tell people they need some very specific other form of investment that he happens to be selling.
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He is full of BS
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If your investments out pace inflation then you will be fine.
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I hate the term “SAVING”. Much prefer the term ‘INVESTING.’ Truth is for the vast majority of people, they MUST invest to have a secure retirement. I’m not a big fan of owning real estate as an investment as I’ve seen the problems that can occur if a tenant goes sideways on you, but if you want property as ‘part’ of your investments, go for it.
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Sounds like something Clayton Morris would say..I never knew he was into retirement planning only Redacted shows about conspiracies.
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He's a scam artist, He convinced numerous people to invest in dilapitated homes at inflated cost. After lawsuits were filed he fleed from the country and claimed he was a third party and never investigated the places. I hope people investigate before listening to him.
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You CAN'T save your way to retirement. Inflation will eat up your savings. You need to invest in... your own business, the stock market, real estate, or a combination of the above, to stay ahead of inflation.
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Get deeply leveraged and hope it doesn't come crashing down and the goons come to visit. No thanks. I'll just be one of the millions of dummies with a 401k and not have to be looking over my shoulder all the time.
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BS.
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No, he is not full of it. He is 💯 % right. There is a thing call "Inflation".
You 1st say your money then you invest it & get a reymturn on your money. Saving alone won't cut it. Inflation reduce the value of your money that is only saved & not invest.
Example, let's say that I have enough money saved to buy 100 apples this year. The very next yr that same amount of saved money can only buy 98 apples, next yr after that 96 apples, next yr 94 apples. That is the way the system is design. Your Savings alone will not cut it. You have to also invest too
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@jayholiday256
3 months ago
I did it, takes time but anyone can do it
7 |