I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
@georgerobinson2021
Жыл бұрын
I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?
@harrisonmichael5047
Жыл бұрын
@@georgerobinson2021 I invest across the top markets but not by myself though. I follow the guidelines of *PRISCILLA DIANE AIVAZIAN* . you might have heard of her. I can correctly say she's worth her salt as an investment advisor as her diversification skills is top-notch, I say this because I see that in her results as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what she places and not just on some particular industries of my choosing. she gave me that financial freedom I needed
@georgerobinson2021
Жыл бұрын
@@harrisonmichael5047 That’s great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on this person?
@harrisonmichael5047
Жыл бұрын
@@georgerobinson2021 look her up on the internet with her name. she's quite popular for her services as she was recently featured on CNN. She can work with anyone irrespective of where you're located
@georgerobinson2021
Жыл бұрын
@@harrisonmichael5047 I just looked up this person out of curiosity; surprisingly, she seems proficient. I thought this was just some overrated BS, I appreciate this.
@112jungle
4 жыл бұрын
The real problem is not wealth but it is our emphasis on wealth. We are not using wealth to advance our integrities but rather using it to cater to our desires.
@alexanderjackson8389
4 жыл бұрын
False
@dboi4952
4 жыл бұрын
Exactomondo
@marleyred301
4 жыл бұрын
It takes most people to get rich to realize this.
@Jazzman2476
4 жыл бұрын
Most of us have no integrity.
@thcrtn
4 жыл бұрын
Man if ppl dont fuck with kratom nootropics and keytones... If you was raised on mtv. Just know you got played. If the church had you in fear since day one you got played, if you pay for something women sit on all day you getting played... Just learn the game and make the plays you can to get the goals you want. You could get killed in the marathon but you aint the only one running... You may become the fastest man in the world but thats just a title and it will survive longer than you. Dont do it to be rewarded do that shit for you and stop to greet those who hate and claim you need to be awarded, they both got a lesson for you.
@afterworkart
4 жыл бұрын
If dame dash says the same thing people dismiss it and call him crazy tho.
@Ucancallmenobody
4 жыл бұрын
Exactly!
@RicherThanIeverbeen
4 жыл бұрын
afterwork art fax kellerman
@yahyahyah99
4 жыл бұрын
Now he broke and cant pay 2500 debt🤦🏾♀️
@megga0
4 жыл бұрын
YAHYAH YAH no he’s not. Stop it
@BigDogBNB
4 жыл бұрын
Maybe, but the way dame explains things is erratic and the fact that he is having financial issues compromises his rants
@Gasaholics
4 жыл бұрын
People aren't buying a house to get rich or wealthy. They're buying a house to you know start familys and grow old and not have to worry about a landlord or scrapping up rent every month or getting kicked out of the house they're living in. Paying a mortgage is less than paying rent and shit is only getting more expensive
@jona1han2k4
4 жыл бұрын
Exactly people don’t care about being millionaires they just don’t want to be stressed. Like I hare people who’s world just revolves around how much wealth they can obtain
@beepak8902
4 жыл бұрын
You have to live somewheres. Least with a home your building equity. If the market drops you hold on to it if you have a fixed loan until the market recovers . If you lose your job , you can rent out rooms , move out and rent a room somewheres for less and rent out your whole home ... if you live in an area where air b n b makes sense you can do that. You definitely got options owning. If you bought when the market was down and low , chances are the next crash it isnt going drop below that. When the market flops that's the time to buy if you can . Put renters in and hold property, eventually market will rebound and you can cash out.
@KB-ny2lc
4 жыл бұрын
The bank is your landlord. Trust they will kick your ass out just the same.
@edubb2491
4 жыл бұрын
It all depends prespective..mine is..live simple but happy..pay off off my house when iam 65..so when my weak retirement comes thats a morgage i dont have to worry..jus a 100 a month in taxes
@vinobrown4821
4 жыл бұрын
Your taxes still can go up and not only that u pay for all repairs needed throughout the year
@kushkushlungz
4 жыл бұрын
I didnt buy my house for "financial freedom", I bought it because its cheaper than renting, especially over a 30 year period
@cashondeliver
4 жыл бұрын
Isn’t the home ,fire ,earthquake, flood,etc insurance expensive?
@kushkushlungz
4 жыл бұрын
@@cashondeliver Home insurance averages about $35 per month for every $100,000 in home value...cheaper than car insurance
@cjhepburn7406
4 жыл бұрын
kush lungz Lucky u
@PURE11_11
4 жыл бұрын
True...no matter how much money you have to have roof over your head
@bspoon2529
4 жыл бұрын
kush lungz there is no way i want a 20-30 debt over my head id try to pay that off within 5-6 years if possible
@ronraheen7687
4 жыл бұрын
He's speaking from the standpoint of a person that has access to capital. Most black people have access to capital through the equity in their homes, not from banks or lenders.
@edugen100
4 жыл бұрын
Yea if you’re rich then his theory is great. But if you’re middle class. The renting marketing continues to rise
@mrfantastic9966
4 жыл бұрын
Vlad going out his wat at this point . full blown agenda
@Asafo87
4 жыл бұрын
Ron Raheen...did you catch the last minute of this video? The rich don't rely on banks or lenders either, at least not as much as the middle class and especially black people. Capital formation for the wealthy usually comes in the form of inheritances or investors.
@ronraheen7687
4 жыл бұрын
Asafo87 yea... if you have access to either. But if you don’t, access to capital comes via equity. It can be sweat equity, stock options from a company you work for or equity in your home. The money has to come from somewhere and historically people use equity in their homes to gain access to capital.
@nevermore464
4 жыл бұрын
Very true. I believe he's also oversimplifying things because it keeps people talking.
@Themoment888
4 жыл бұрын
My history teacher in 8th grade told us that mortgage meant death contract and it really stuck with me
@DonRoberto886
10 ай бұрын
I think this is one of the best clips of Mr.Cardone till this day. This video could teach the youth more than what the schools teach in a whole school year
@stacksondeck515
3 жыл бұрын
Watching this during pandemic is surreal.
@ceeIoc
4 жыл бұрын
My rent right now is equivalent to the monthly mortgage. Renting is throwing away money.
@S.Archer
4 жыл бұрын
Not necessarily.. twocents.lifehacker.com/why-the-rent-vs-buy-debate-is-completely-pointless-1773179027
@abbeyneeson5183
4 жыл бұрын
Exactly! The many places like I live (Pittsburgh area), it's cheaper that I bought a house than paying out rent. He's talking about an investment & not touched on the regular people who are living better because we own our home rather than paying outrageous rents. Plus we I'll make some profit when we do sell.
@get2danews925
4 жыл бұрын
facts its making the owner richer
@abbeyneeson5183
4 жыл бұрын
CALICOTV301 Depends on the business you open. Most businesses fail or take a very long time to see any profit. Meanwhile you're paying out more money in rent and saving several hundred bucks or more paying on your home rather than rent. If you really want to save even more, rent out a room in your home or write your home home for biz purposes.
@viralbuthow000
4 жыл бұрын
Depends. You can throw money away in a house too if you're not making any dough off it.
@ibmor7674
4 жыл бұрын
Entrepreneurs always act like everyone can be entrepreneurs.
@johnathanmatts5597
4 жыл бұрын
IBMOR 76 we can
@nigelstanford4
4 жыл бұрын
Because they can
@dennisthemenace855
4 жыл бұрын
Exactly the free market doesn't work like that
@niles1492
4 жыл бұрын
Everyone can have business, doesn't mean they're gonna be rich tho... nor they know what they're doing, a business can be anything really, it's buying or producing anything that somebody wants, and selling it for profit. You don't have to be professional to do it.
@edubb2491
4 жыл бұрын
@Ken C or the NBA
@leandrocesar8881
4 жыл бұрын
5:00 watching during the 2020 crisis.. they were talking about the future that we are living now.
@investfourmore
4 жыл бұрын
I bought a house for $200k in 2009 with basically no money down. It was an awesome deal. I refinanced it in 2010 and took $50k out. I used that money to buy my first rental for 97k in 2010. I then went on to refinance those properties and bought 15 more rentals from 2010 to 2015. Sold that personal house for 343k with no commissions in 2013 and spent 10k over the years fixing it up. I recently sold that first rental for 275k and 1031 exchanged it into a 600k commercial property that will become a 1 million dollar rental soon! Yes. Horrible investment 😒🤔
@01samuelc
3 жыл бұрын
imagine you put that amount in the stock market. you would be way richer than with less of a headache.
@investfourmore
3 жыл бұрын
@@01samuelc What money? I put nothing down to buy it
@freethinker3083
2 жыл бұрын
@@01samuelc That only makes sense if you understand the stock market.
@nomeman5278
2 жыл бұрын
He means buying a home to live in for 30 years
@investfourmore
2 жыл бұрын
@@nomeman5278 Yes I know. That is the biggest wealth builder for America.
@DennisHenderson-ux4ev
4 жыл бұрын
This man said this 6 months ago and now all of this is happening. you guys still calling him crazy??
@calebpaddack7450
4 жыл бұрын
People like Grant live on the coasts where practically every house cost a million or more. In that case, renting forever MIGHT make more sense. I live in indiana where a nice apartment is $1,000 a month but your payment on a nice house when you buy is $600. If you live in the midwest you are stupid to rent forever.
@nTrubl3
4 жыл бұрын
I can tell this dude snorts sum pretty good shit
@ericsmith8240
4 жыл бұрын
😂😂😂😂✊🏾💀
@AB-ze2ho
4 жыл бұрын
He actually quit lol. He went from drugs to where he is now
@jojodancer1743
4 жыл бұрын
100% Columbian bam bam.
@NorthWestTruckers
4 жыл бұрын
He used to be a big time addict early 20’s but decided otherwise Grants a beast and it’s all true... but I’m still looking at a house lol
@patryk2497
4 жыл бұрын
Harry Boyed anyone who has ever done white knows he has not stopped doing blow lol
@beepak8902
4 жыл бұрын
Biggest mistake people make with property, they use their property like a credit card.
@karimmiller5441
4 жыл бұрын
There is a difference between good debt and bad debt
@EliteOnTheBeat
4 жыл бұрын
Depends on what they are using the credit on they're property for. If its to play a game of monoply and buy/rent more houses then they're doing the smartest thing the can possibly do. IF its to buy all the new cars, designer clothes, Iphones, Apple computers, weed, etc then YES thats STUPID AF! Use your property like a credit card to create MORE cash cows. Its as simple as that.
@get2danews925
4 жыл бұрын
most people dont buy home to get rich they buy a home to own ur own when u rentingni cant do what u want when u buy u can
@radcow
4 жыл бұрын
Yeah and especially when rent is more a month than buying and not everyone can have bussines
@heysimmone
4 жыл бұрын
@@radcow why can't everyone have a business?
@marcusc1512
4 жыл бұрын
Nope. Not 100% true. HOA will be on your ass for certain things even if you own in certain areas
@busterbiloxi3833
4 жыл бұрын
Lot's of "uuuuuuuuuuuuuuuuuuuuuuuuu"s there, you stupid bastard!
@illmagnetic
4 жыл бұрын
TK Kirkland - “I gave Real Estate its name. Before me it was just called Estate”
@musicbyjgill
4 жыл бұрын
haha!!!
@wirecoaching477
4 жыл бұрын
Powerful
@ellisjackson3355
4 жыл бұрын
"'who's got my money' not in a form of protest, but from a *HUNT* standpoint" thank you
@hateisasignofenvy651
4 жыл бұрын
Imagine if everyone in this comment section had a home with NO MORTGAGE that was passed down to you from your Parents or Grandparents...... That why buying a house is beneficial. At least its a headstart. You gotta live somewhere
@kartersworldcompaniesinc.8075
4 жыл бұрын
HATE is a sign of ENVY I’d rather pass down properties with Cashflow vs a property that my kids would still have to pay taxes + maintenance on
@jiketagg4251
4 жыл бұрын
Yes a house to pass down to kids is better than nothing but what he is saying is that using the amount of money/loans it takes to buy a house, instead you could use that investing in yourself, your business, or real estate that produces you cash flow that will last generations and provide economic freedom. I still rent, own 12 houses producing 13k monthly and a condo in austin that I Airbnb for 3-4K a month.. who is going to have more freedom in 20 years? The person paying the same monthly mortgage for 20 years or me? who is in the process of mortgaging 10 properties to expand and buy more?
@hateisasignofenvy651
4 жыл бұрын
@@kartersworldcompaniesinc.8075 dude you can still pass down a cash flow property but Your Kids Still have to live somewhere. We all have to pay taxes and just because you're good at flipping homes that doesn't mean your relatives will be.
@taylort7565
4 жыл бұрын
HATE is a sign of ENVY if you are good at flipping home but your relatives are not YOU are doing something wrong you are supposed to pass on that information so they can continue to build income and so forth
@daraider1254
4 жыл бұрын
The odds of you paying off a Homeloan gotta super low....I know alot of "Home Owners" but I dont know anybody who actually own their home outright....
@upyall
4 жыл бұрын
This is the most truth I have seen in the media this year
@mrt2734
3 жыл бұрын
You can be a renter and have more money's saved then someone paying a mortgage, having a home is wonderful, but you have to keep up with the mortgage every month for 30 years, 10% or 20% of your down payment is tied up in the home as well. If you pay it off with out going into foreclosure that is great. But if you don't pay the property taxes the IRS will take it from you, that is a fact. If you lose it to foreclosure which many Americans in America do everyday, your bank account is drained overnight. The American Dream can be a nightmare very quick.
@ReaperMotivation
4 жыл бұрын
The corona virus just proved everything he said right
@Biluxi
3 жыл бұрын
you got it man.
@stormedtie
3 жыл бұрын
Same with a business though as well. How many went under?
@viralbuthow000
4 жыл бұрын
What Grant drops toward the end of this clip is pure gold.
@closeenough1343
4 жыл бұрын
Even when I was a kid getting my first job I knew this. "It's not about what you know, its who you know". I can't be the only one who figured this out at 14.
@viralbuthow000
4 жыл бұрын
Close Enough It’s both. If you know someone without having something to offer in terms of skill or hard work, who does that help? No one.
@ralpheal455
4 жыл бұрын
1. Invest In Yourself (Develop the skills, get the right information, find out what it is that you're good at, and/or love, enjoy doing as a career) 2. Go to work and start creating a living / income (Become exceptional at it, form experience, and from what you learn form investing in yourself... ultimately develop the skills) 3. Once you start generating consistent income (From your job, idea, business, etc.) - start getting your income to work for you... you can do this by investing, starting a business (a second source of income ideally), etc. - if you have a business currently, then it may be ideal to figure out additional products, services, ideas that you can launch within your current company, to create an additional stream of income. Quick Flip Ideas / Random Extra Income Ideas: - Buy Domain Names and Flip Them - Go Garage Selling and Re-sell on eBay, Poshmark, etc - Build websites, get them producing income, and flip them for more (Almost like Real Estate) - Find other people that's doing well, and ask them if you could invest in there business - Not fond of this, but I guess I'll mention it... you could actually use sites like Prosper Loans to loan people money (In Peer to Peer Fashion) and earn interest - Business, Marketing, Social Media and Dating Consulting - Garage Cleaning Businesses - Gutter Cleaning Business - Become a Sales Professional - Life Insurance Broker - Health Insurance Broker - Become a KZitemr - Social Media Influence - Export and Importing of Cars, Goods, etc. - etc The best part of this, is that there's courses and information on everything as reference above. 4. Once you have excess cash saved up (Let's say anywhere from $20K - $1 Million), this is where you really want to start buying assets / investing in long term wealth creation vehicles. Grant's point is, it makes sense to invest in something like Cardone Capital, as you'd be able to leverage his expertise, experience, etc. and this would essentially be hands free income. My best advice, is to enjoy the process. For me it's not about the money itself, it's really about the enjoyment of personal growth, starting from very little, and over time building something that's amazing and worth while. No short cuts, just being consistent and in my opinion grateful is key. “Become a millionaire not for the million dollars, but for what it will make of you to achieve it.” - Jim Rohn... peace! Also, steer away from the media, or anything that's trying to tell you because of xyz, you can't do it, or that you have a disadvantage. That's not true. Kanye West is absolutely right about most of what he say. New album is amazing btw (Random lol).... peace and love in Christ!
@parkhill4040
4 жыл бұрын
That last 30 seconds was like a punch to the gut. But its true
@dialac1
4 жыл бұрын
Pure gold
@akaveli2g
4 жыл бұрын
Damn right. It hit right at home.
@shkrsimpson44
4 жыл бұрын
Another recession is definitely about to hit.
@Fucunt
4 жыл бұрын
ShockTheMaven depression you mean
@Natapier
4 жыл бұрын
We are in recession since 2008!!!
@deethomas378
4 жыл бұрын
if u are not rich then the recession will not affect u
@outoftime417
4 жыл бұрын
Mark Cuban warned us it will be a recession years ago. He was tryin to get people to atleast have 100,000 saved up for when the recession hit. Saving money is the key
@roncur
4 жыл бұрын
Facts
@lasp0065
4 жыл бұрын
That last minute rant was some straight 🔥🔥🔥🔥🔥
@BravoBline
4 жыл бұрын
I see many comments saying it's cheaper to purchase a home vs. renting. I think people are missing the point. If you can buy a home, then you can buy a fourplex (4 unit building). You can live in one unit and rent out the other four. Take the money you earned and do it again, and again. Now you own 4-10 units and have $10000 in rent coming to you every month plus a massive tax advantage. Your 10k a month can be put into your business, stocks/bonds, startups, education, etc. Then you'll earn even more! If you can't afford a rental property make it your priority to find a better paying job. Tackle your consumer debt and start investing. You can start investing with $100, no joke, you can buy stocks, ETFs, real estate, bonds, etc. starting at $100 and adding whatever you can each month. So yes, you can BUY a home, but look at the alternatives. What can you with your money that makes you more money. It's simple, put your money in assets, not liabilities. A single-family home that is your primary residence is not an asset. It takes money from you every month and makes it difficult for you to move, plus you have to sell the property to receive your equity, and you'll pay commission fees when doing so.
@maxmeier532
4 жыл бұрын
it's common knowledge that the best security against poverty in old age is owning your own property. You can say whatever you want, it's a stastical fact.
@blackrahk2037
2 жыл бұрын
That's a misnomer. People who can afford property have money. Whether or not you spend it on a house or save it doesn't matter. You could have invested it in anything. The point is poor people can't invest and and make life changing money due to the same amounts they can invest. Buying a house make a poor person poorer.
@the4fwords
4 жыл бұрын
Grants 100% correct!! I own my home, 30 apts and a mobile home park. The only one that doesn’t make money for me in my home😜. It’s nothing but a liability...taxes, insurance, maintenance expenses and zero income. This home is mortgage free too- still doesn’t cash flow!!!!!
@the4fwords
2 жыл бұрын
Likely sell when my youngest graduates and live in a 4 unit I’m building this summer/ fall I would keep; however, the taxes alone are 14k annually🤮
@the4fwords
2 жыл бұрын
…and as I’m looking at this- 2 years have passed- 20 more more units and another mobile home park in the portfolio…crazy!!
@the4fwords
2 жыл бұрын
@Idread ny!!
@RARA64HUNNID
4 жыл бұрын
“i wouldn’t doubt if we’re not in it right now Vlad.” REALEST SH_T EVER SPOKE
@KeithMercury
3 жыл бұрын
This hits different during quarantine
@j.ericsandoval566
4 жыл бұрын
I don’t want a house, I want the whole building. My dream is to own an apartment building (100 unit) and to live in one and rent out the rest. I wouldn’t even want anyone to know I owned the building, I’d rather control a trust that owns the building and appear to be just like everyone else who lives in there with us. I’ll deal with the manager through someone else, the on-site manager doesn’t need to know I own the building. If he or she is an asshole, out they go, and they don’t get to know who fired them. The management company (R.E. Broker) does that, and the deal is that we treat tenants like valued repeat customers and that’s it. Meanwhile, me and Mrs S just so our thing and work on our creative endeavors.
@busterbiloxi3833
4 жыл бұрын
100-unit building? Go ahead and buy it. Who the fuck is stopping you?
@mofoheltahskeltah
4 жыл бұрын
What’s your plan
@busterbiloxi3833
4 жыл бұрын
So what the fuck are you waiting for? Go ahead and do it, man!
@the4fwords
2 жыл бұрын
How many units do you own now? Curious,as this post is two years old. Are you closer to your goal?
@kevingreen757
4 жыл бұрын
Ownership is good just don't get in over your head with debt you can't pay. A great down payment and a fixed rate you can afford it even when the money slow, and its something you can pass on or sell to get ahead. Your moves are moves
@everythingisconnected7932
4 жыл бұрын
You're not going to ask who has control of your money, when your biggest concern is when does Love and Hip Hop, Power, and The Voice comes on. Or following social media trends.
@freshestinclass763
4 жыл бұрын
Why are people so concerned about them people.. Let them rot in peace.. U should be figuring out how they gon give u ur money.. U already know what they like😳💁
@dawolf856
4 жыл бұрын
TRUTH
@Melanie-le6mw
4 жыл бұрын
Yea like renting apartments forever is where it’s at....different strokes for different folks. I’m good. 😄
@OfficialLukeTube
4 жыл бұрын
@Chris boom While getting tax benefits, while gaining equity, with the option to sell for profit etc.
@tarzziccio8572
4 жыл бұрын
Nice mindset
@layziefngroovy
4 жыл бұрын
Word. My rent 1600 for a small 2 bdrm. And my co worker paying 2000 mortgage on a ok home
@OfficialLukeTube
4 жыл бұрын
@Chris boom Yeah, no doubt.
@TheMdtsnoop08
4 жыл бұрын
Tn Girl54 I agree. If I’m paying $ towards something forever then I’d rather do as I please with it...owning it!
@donaldsawyer2618
4 жыл бұрын
I Love when he speaks Normal. It is a relief. I don't need the animation. He is correct. These cities like NYC, Los Angeles and the Bay are expensive. They want to penalize you for having a car in Lower Manhattan.
@randumbguyisaac
4 жыл бұрын
This dude went to the barber shop Godfrey be recommending before this interview 👍
@k.lee28
4 жыл бұрын
Never commented on here before but here is history. 1. Tulsa Oklahoma Black Wall Street was bombed & destroyed 1921, Rosewood Massacre 1923 both prominent self sufficient black communities reduced to ash by whites, hatred, racism, jealousy. That generational wealth was taken setting us back specifically also not even being considered a human being used as slaves. We were still thriving even after slavery and the reconstruction period. 2. Inflation, Living & Food cost have gone up back in 50, 60s, 70s, 1 person could support a home or household on a sole income and a part-time like house cleaning or laundry. 80s & 90s or 2009-2016 was probably the best time for any financial success. However, rent is over priced and food quality is better but quantity over quality is a problem in most cases we don't grow our own food anymore to balance everything out. 3. Societies push for College over Trades, Vocational Training, and craftsmanship. The overwhelming infulence of Technology and Automation the result Online pay is great, employment is streamline by online employment forums but its impersonal and taking longer in some cases. Unemployment and homelessness still high. Remember this: NO ONE has to give you a job, people forget that. You can have all the education and training in the world but if no one affords you the OPPORTUNITY to use it worthless unless you create your own business and market yourself and your services and abilities. Opportunity is key but you have to take advantage of the ones you get. The downside to all of this is STUDENT LOAN DEBT, LOSS OF JOBS to Robots, and loss of basic hands on or labor skills. College is only good for certain fields or degrees. Choose wisely 4. A HOUSE is a big financial investment prices are outrages these days and when people say the bought a home, No your renting a home. If you got a loan you didn't buy anything. Buying it out right with CASH or collateral is buying a home. Also consider upkeep, insurance, repair cost (you cant just call the rental office). Rent to own is one of the best approaches. 5. Property Tax and Credit Card scam. YOU NEVER TRULY OWN ANYTHING ESPECIALLY ON STOLEN LAND. How can the government continue to charge me on property that I own and bought with my money. Property Taxes is a huge scam, once I buy it that's it no more payments only upkeep cost, especially those of African or Native heritage/descendants people who own the land and worked it for hundreds of years and we're never compensated for there forced sacrifice. Credit Cards were created as another subsidize loophole to supplement what the lower and middle class don't have actually MONEY$$$$, so the government created a system and virtual number (credit score) the says what your worth and what you can afford it creates more debt and dependency. *If you dont have the money or budget for it DON'T BUY ANYTHING. Use credit cards wisely for gas, coffee, small purchases online or otherwise saved money overtime (little by little) like your parents and grandparents did. Live below your earnings and enjoy your labor when you can.
@manasseh7
4 жыл бұрын
K. Lee28 excellent info...it’s tough out here currently debating on “purchasing” a two family home and renting one side out..but not sure.
@k.lee28
4 жыл бұрын
@@manasseh7Yeah, it's rough. Society thinks people are struggling or poor because of poor personal choices, bad spending habits or investments but it's not the case 80% percent of time, it's just not enough money to go around. *Most Americans don't even have $1,000 saved or $500 dollars for an unexpected emergency, bill, or car repair. Good luck with your house and if you do rent a side out just make sure it's someone your comfortable with and they are responsible and respectable people.
@afterworkart
4 жыл бұрын
I bought a house in 08, my mortgage is less than the average rent... bay area rent is pure evil!!!
@gamebred5662
4 жыл бұрын
Dc area too. You're not finding a 1 bedroom apt for less then 1200 a month even in ghetto areas
@negrilgyrl
4 жыл бұрын
I bought and my mortgage is UNDER the going rent for a place my size. Which is great when I eventually rent it out
@RL-ww5ev
4 жыл бұрын
@Ash Wolf I bought a new home had it for 7 years. didn't have one major repair. no roof leaks, no window leaks no busted water heater.
@afterworkart
4 жыл бұрын
@Ash Wolf my mortgage includes taxes and insurance... and it's not like you have to repair something every month... I've lived here since 08 and in all that time I've only had to do a few repairs and buying a home warranty made those repairs simple and easy... with the exception of repairing my fence... that was some bs!
@afterworkart
4 жыл бұрын
@Ash Wolf I am...
@PreeMarket
4 жыл бұрын
I agree with not living in your home that you buy... but I disagree with the Airbnb point. I’ve always had my property rented with Airbnb... long term stays and short term, as long as you buy a property that meets the needs of travellers. Nearby transport, clean modern etc. It’s a good business.
@TwinGearHero
4 жыл бұрын
If you’re renting you’re still putting money in someone else pocket and not your own. At least when you buy a house it’s yours to keep and invest in.
@chillwill2673
4 жыл бұрын
You're still putting money in someone else's pocket, plus interest.
@CrackstationFilms
4 жыл бұрын
I bought my house cash so I’m better off paying rent ????
@chillwill2673
4 жыл бұрын
@@CrackstationFilmsThere are benefits to buying and renting. I'm simply saying just because you don't rent, does not mean you're not making someone else money. Either way, someone is profiting from your decision.
@mikiemuscles2287
4 жыл бұрын
Crackstation Films Your “investment “ is still negative if your paying property tax, utilities, and insurance every month to live in it..
@cjhepburn7406
4 жыл бұрын
If u all can afford 2 buy a house good luck to u. I heard u miss 3 payments for whatever reason the bank takes back that ish and ur out on ur ear. Good luck.
@dakotadak100
17 сағат бұрын
Speaking strictly for myself. My mortgage for the past 3 years is about $2000/mo. Down-payment was $25k now have home equity of $73k. So i am basically building wealth at the same rate as my mortgage payment. In other words it's like living rent free.
@yoursurgerysister
4 жыл бұрын
He means single family homes. And he’s actually right. You need to buy properties that have multiple units Ect. Also though there are things set up to make it harder for ppl of color to access capital... there so many ways to still access it now more than ever. As a person of color no one ever handed me anything... but I figured out loopholes by doing research. Just by building your credit you and your children alone can join together to do in home banking and produce your own capital. That’s just 1 thing. Also now it’s easier than ever to invest in the stock market Ect. And stock market doesn’t care what color you are. I’m a trader btw. Also understanding 401 k and retirement plans they are set up to basically flip your money for years and hand you crumbs in the end. Same as banks. It’s a savings account w a few more perks than a typical bank savings account. What ppl don’t know is you can pick and choose how you want to invest that money. Also tiny homes are a great option for those wanting to not be trapped in a situation where they have to pay rent. For a small family I recommend a tiny home or rv and buying a multi unit duplex is r 4 or 5 plea and rent them out and have your tiny home on the property as an office. Stack for a couple years and build from there. Eventually you will have a beautiful home you love and residual income from the property to them buy more property. Just a thought
@deitalionlewis5006
4 жыл бұрын
You’d be a fool listening to him
@InDatParish
4 жыл бұрын
Your Surgery Sister harder for people of color?? There are literally tons of business and real estate loans SPECIFICALLY for minorities at much lower interest rates. Give me a break.
@yoursurgerysister
4 жыл бұрын
InDatParish Prove it. I have yet to see 1 in all of my years of business and considering I teach financial literacy. Even members of the senate have made a plea to make transparency mandatory as they purposely deny those of color. Here’s an article from e WASHINGTON POST. For millions of Americans hoping to buy or refinance a home, it’s a crucial make-or-break question: Will the lender say yes to our mortgage application, turn it down or charge us a higher interest rate than we need? Surprisingly, large numbers of loan applications don’t make it. About 1 of every 9 loan applications (10.8 percent) to purchase a home - and more than 1 in 4 applications (26.4 percent) for a refinancing - were denied in 2017, according to a new analysis of lender data nationwide conducted by the federal Bureau of Consumer Financial Protection. But these numbers look dramatically different when you dig down and check out the race and ethnicity of borrowers: ●Black applicants were rejected at more than double the rate of non-Hispanic white applicants on all types of loans, including conventional mortgages originated for bank portfolios or for investors Fannie Mae and Freddie Mac, and government loans (Federal Housing Administration, Department of Veterans Affairs and rural housing). The overall rate of denials of mortgage applications from blacks was 18.4 percent last year, with 13.5 percent for Hispanics and 10.6 percent for Asians. For non-Hispanic whites, it was 8.8 percent. AD Shopping around for a mortgage can save you thousands of dollars ●On conventional home-purchase loans, the turndown differentials were starker: Black applicants received denials 19.3 percent of the time, while the rate for non-Hispanic whites was 7.9 percent. The overall rate of rejections for all groups on conventional loans was 9.6 percent. In the FHA/VA market, the turndown disparity was narrower: Blacks’ applications were rejected at a 17.9 percent rate compared with non-Hispanic whites’ rate of 10.6 percent. ●Similar racial and ethnic differentials emerged in the refinancing market, but with far higher rejection rates. Blacks were rejected on 39 percent of their applications, Hispanic whites on 30.2 percent, Asians on 24.8 percent and non-Hispanic whites on 22.9 percent. ●Black and Hispanic applicants not only were rejected at higher rates than others but were also charged higher interest rates more often. Nearly 1 in 5 home-purchase loans to blacks (17.9 percent) and Hispanics (19.3 percent) were “higher priced” as defined by the government, compared with 6.7 percent of loans to non-Hispanic whites and 4.2 percent to Asians. Higher priced means they carried annual percentage rates (APRs) that were at least 1.5 percentage points above the “average prime offer rate” for loans of a similar type. AD Know your mortgage options when searching for a new home Dramatic as these differences appear, lenders insist they are not evidence of illegal discrimination but instead reflect long-term economic and wealth disparities among racial groups and differing rates of disqualifying issues in applications. Under the federal Home Mortgage Disclosure Act, which requires annual collection of vast amounts of data on loan transactions nationwide, lenders can voluntarily provide up to three reasons for their turndowns and pricing. Seventy-two percent of the reporting lenders provided at least one reason for their denials on home-purchase applications. ●Blacks and Asians generally had the most frequent problems with debt-to-income ratios (DTIs). Denial factors for Asians were the highest among all groups on DTIs: 28.5 percent of applications had debt levels that lenders cited as reasons for rejections. Blacks had DTI issues in 25.1 percent of loan applications. Hispanic whites’ rate was 24.3 percent and non-Hispanic whites’ rate was 21.6 percent. Overall, DTI issues - where applicants’ existing debts plus projected monthly debt loads were deemed excessive - represented the most frequent reason for denials. ●Credit issues were a close second for most groups. Problems with credit histories and scores were factors in 22.7 percent of turndowns for blacks, 14.9 percent for Hispanics, 16.8 percent for whites and 9.6 percent for Asians. AD Civil rights groups and other critics say the disparate rates of denials for blacks and Hispanics go beyond the “reasons” provided by lenders. Lisa Rice, president and CEO of the National Fair Housing Alliance, told me they more accurately reflect deeper, historical “behavioral” and “structural” problems that have created a “dual credit market” - one for whites and a second, less favorable one, for people of color. She cited a recent “matched pair” investigation her group conducted in the auto-finance field, where minority applicants with higher credit scores, lower DTIs and higher incomes generally were quoted worse financing terms than less-qualified whites. Mortgage lenders vehemently defend their decision-making. Michael Fratantoni, chief economist for the Mortgage Bankers Association, says “the vast majority of lenders are interested in making as many high-quality loans as they possibly can and work with any borrower who comes in the door,” irrespective of race or ethnicity.
@yoursurgerysister
4 жыл бұрын
InDatParish what you said was a balled faced lie. I deal with clients of all ethnicities and see blacks with higher scores and better income charge way higher rates or denied than those that are white. Read a book
@InDatParish
4 жыл бұрын
Your Surgery Sister you can literally google “Minority small business loan” and tons of them pop up. Maybe you should read a book if you can’t even find this. 🤦♂️
@PrimordialChaos1
4 жыл бұрын
If your rent is over $1,000 then u are on the losing end. U might as well own a property
@JH-D4075
4 жыл бұрын
Not necessarily, you generally need to live in a house over 10 years for it to start beat out renting.I could list all the hidden cost of buying a home here but it would be too long. Feel free to google it.. Also don’t forget when you sell your house, it’s only worth what someone is willing to pay for it, not so much what it’s appraised for..
@PrimordialChaos1
4 жыл бұрын
@@JH-D4075 yeah but if u plan to own then managing your credit and debt should be a priority
@dolothebandit
4 жыл бұрын
U don’t want to be upside down obligated to a loan either. Renting allows u to leave at any time debt free, not stuck for 30yrs.
@PrimordialChaos1
4 жыл бұрын
@@dolothebandit i cant see myself on a 30 year loan. That's damn near retirement for me since I just turned 33. I can do a 15 year loan though
@RL-ww5ev
4 жыл бұрын
@Nice Response exactly the 31st year your dumbass still paying rent. you'll be paying rent until you die. with a mortgage you can pay off and live mortgage and rent free
@nickfrankie3274
4 жыл бұрын
Buy low sell high....but thats hard need a down payment and high credit
@moneybagz8292
4 жыл бұрын
Vlad knows damn well that the "#1 complaint from the last interview" was how he refused to give Jay Real Estate the same respect he's giving to Grant. They might not have the same amount of millions but they both preach the multi family property investment talk.
@malikkhalid2941
4 жыл бұрын
Grants makes his money convincing people to buy real estate.. the irony. lol
@sanchalossanchalos7570
4 жыл бұрын
he makes his money convincing people to buy real estate that produces cash flow. Not buy a single house to live in.
@talor5324
4 жыл бұрын
If you listen hes just telling you how the world economy is moving. If you want to live the standard middle class lifestyle you are going to get squeezed because the system is designed to drain you of every penny, from taxes, insurance, etc. A house is huge part of that especially at these prices and interest rates
@wirecoaching477
4 жыл бұрын
pretty much
@liberated_andblack959
4 жыл бұрын
You sound like an idiot
@Gudbadrian
2 жыл бұрын
@@sanchalossanchalos7570 No knows regular people cannot go and buy 5 units so the only option is to invest in his cardone capital which takes 35% of any profits He is a clown
@eugenegardner8814
4 жыл бұрын
Buying a home is the American dream!!!! I'm proud of my parent's for giving me a base!!!! And when they pass they left me something!!! I can always say "I can go home" that worth more than money!!!
@adriandurlej9266
3 жыл бұрын
You are missing the point. You already have one dude... he's talking to people who don't.
@LowercaseKev
2 жыл бұрын
Not if you can't pay that property tax for some reason. You get a lien on the house and withing x amount of time you still can't pay it, your paid off house can get sold in auction and you kicked out.
@redwallz4624
Жыл бұрын
@@LowercaseKevsame ol argument about not affording property taxes. With the money you pay for rent, you are paying someones property taxes. So why not just buy your own house and pay your own
@mungstrosity
Жыл бұрын
@@redwallz4624 i think the better advice is live within your means wether you rent or buy. Some people stretch themselves thin financially to make a downpayment on an expensive home, which will take forever to pay off and generate negative cash flow via maintenance taxes etc and will cause then to have possibly 70% of their net worth buried beneath their feet in illiquid form. An alternative could be to find a good deal on rent and put the newly available liquidity to work. Your mileage may vary and pretty much the same could be done on a reasonable mortgage.
@redwallz4624
Жыл бұрын
@@mungstrosity trust me I have 2 rentals and right now it's a nightmare. Inhave to replace the powerbox and paid $4,000.00 and one of my tenants is having issues with her neighbor and I been getting calls all mouthing. My primary home AC unit is not working efficiently and have to replace the brakes box panel that is going to run me $2,000.00. I'm ready to sell the two rental properties to get rid of this mess
@davewalks257
4 жыл бұрын
I strongly disagree. Me purchasing my home have allowed me to own several investment properties. Pulled equity bought rental. Saved and bought few more rentals. All of this on one 5 figure salary , sacrifice and using God's resources.
@darthkermit4617
4 жыл бұрын
I agree. unless you are buying a home to rent/sale... Now why buy a home over renting one. Depends on your needs and where you are in life. You wont get rich buying a home unless you are buying to sale/rent and you plan on buying a lot of them ..
@jcpuga
4 жыл бұрын
"The rich are getting richer, and everybody else has had zero experience to the upside." -Grant Cardone #mindblown
@uptalk144
4 жыл бұрын
The problem is once you have an issue with your credit it pretty much sinks you for a good while. You're unable to get the loan to reinvest it in a business etc etc. The big companies can screw up and get help from the government. It's not a fair game. The system is created purposely to have these class systems. The poor, middle class and the rich revolve around each other. They need each other.
@Missmusicdiva
4 жыл бұрын
Now this was definitely something I wanted to hear about. 💯 Respect*. Im glad you called him out..
@juicer404
4 жыл бұрын
where i live to rent the apartment is about 1800, u could get a morgage on same apartment for bout 1000 .. so cheaper to buy than rent in long run
@lovostv28
4 жыл бұрын
His facial hair is practically on his lips 😂....
@clientsclick
4 жыл бұрын
Dropping dimes and this audience doesn't deserve this quality of value hes spitting here
@rostamsunny8802
4 жыл бұрын
Lmao u broke fucks. No wonder this generation is fucked. They are literally told not to go for buying assets like. Houses or land. Probably because old fucks like this dickhead know for a fact that young people will never be able to own homes. So he giving off some dipshit advice to divert their energy onto things like renting. Because thats whats happening. A whole generation are literally renting. Fuck these types of people. Pathetic pieces of shit.
@JH-D4075
4 жыл бұрын
I agree with him on everything except retirement accounts, my parents have over a million in their accounts by investing constantly, so I know it works over time. Only reason the super wealthy don’t invest in them is because they legally can’t, theyre not W-2 employees. Outside of that, only way it seems you can get rich is leveraging a ton of debt which I’m not comfortable with because I know we are way over due for a recession....In a recession, those holding the most debt are the biggest losers👎🏾
@Superflow66
4 жыл бұрын
I bought my first house and sold it two years later for over 150k more then i paid For me That allowed me more financial freedom then i had previous to buying a home.
@BoRerunn
4 жыл бұрын
My rent doubled here in California. If I had a home I've be financially free
@ogmont
4 жыл бұрын
I live in Cali too. I wish I would have bought a home when I got here in 2008. I live in a 2 bedroom and pay $2,000 a month.
@HotMusicAF
4 жыл бұрын
Every time I here this don't buy a house talk, I'm like this applies to anywhere but Cali especially Bay Area. People who bought ho,es theee years ago can be financially free if they decide to sell it
@BoRerunn
4 жыл бұрын
@@HotMusicAF but you would be in my predicament???
@Dats_dope
4 жыл бұрын
Bo Rerun yea my uncle mortgage is like 1,100 and rent is like 2,000 for two bedrooms smh
@EliteOnTheBeat
4 жыл бұрын
FACTS! California is ridiculously expensive. Its so expensive that eventually give it less than 10 more years ONLY millionaires will be able to afford to live here. The gentrifying ALL of California. Rent is 1400 here in the damn SUBURBS of the 209 for a 1 bedroom studio on the BAD side of town! I'm about to buy a house next month and my rent will be WAY cheaper than renting and ATM equality is skyrocketing over 1% a month! That means the equality is going up above the amount of my mortgage! I'm buying my house for sustainability NOT for finical freedom. PLUS GOD forbid something happens my two kids can live in my home rent free and later sell it and split $100,000's between themselves.
@josephhicks6989
2 жыл бұрын
I bought my house 15 years ago for 235000 and it is paid off and now worth 430000. and I have a nice retirement saved. I would call that financial freedom, because now I make over a hundred grand and save all my money. If you do it right it does pay off.
@ST-rp1pu
4 жыл бұрын
Buying a home only works if your buying it below market value.
@ronaldgreenjr1423
4 жыл бұрын
Right 💯....in a depressed market. Not an inflated one like it is currently
@dually81
4 жыл бұрын
And then when you hit them with that they'll say, "But you can't time the market." SMH If it's not a steal, if I'm not getting over...I don't want it!
@sharkdeepwater8
4 жыл бұрын
Not necessarily true, there are exceptions. There are cities and provinces in which the 10 year plan is easily available to the public. You can have a property that has tremendous value. Then in 8 years that property's value explodes. So in rarefied cases you have opportunities.
@stevemill8959
4 жыл бұрын
Vlad is the best at what he does, he does his research on who ever he interviews. If they wrote a book he reads it. Then he asks the best questions that everyone is interested in. I can’t believe the hate I see on this man.
@joestory1
4 жыл бұрын
Facts...Because a Home can Quickly turn into a Liability ie if you Lose your Job or the Housing Market Crashes on you !
@RL-ww5ev
4 жыл бұрын
so your supposed to live your life in fear? or continue to rent your ENTIRE life making monthly payments and never owning anything
@joestory1
4 жыл бұрын
Richard Lynch No just be aware of the Risks if you think your Home is going to Make you Rich... Did you even watch the interview ??
@sharkdeepwater8
4 жыл бұрын
@@RL-ww5ev No one said anything about not owning nothing. The conversation is about buying a primary home. Not buying a home. There is a distinct difference.
@beepak8902
4 жыл бұрын
Lose your job move out of your home , rent a room somewheres for way less and rent out your house. Or you can stay in your house and rent your additional rooms out. Or you can air b n b it if you live in an area where that would work out. Like Grant said cash flow from renters , ride out the storm as long as you have a fixed mortgage. You have options on what u can do with a home.
@anonymoususer1824
3 жыл бұрын
The 1 main thing I agree with Grant on. You don't get rich buying a house. It sucks all of your money. You should own rental properties.
@itsAC9O8
4 жыл бұрын
What if i built my house instead of buying it with a loan?
@BeatsBangcomtv
4 жыл бұрын
I don’t understand why people are making what he said so complicated? All he’s saying is if you’re going to buy a property, make sure it’s a Multi unit that provides you income. For example, buy a quad unit, live in one unit and let the other tenants pay your mortgage and give you some cash flow. A house is not an asset, it’s a liability.
@EmmanuelTurner245225
4 жыл бұрын
All I'm going to say is this guy may be right, but don't let that discourage you from doing whatever you were going to do before you heard him. What works for one, doesn't work for all. There are plenty of people that have single family homes and have created multiple streams of income for themselves and are successful. You just have to have a backup plan and always prepare for the worst. It's nice to hear other opinions and stories, but don't let them change your mindset because that isn't always a good thing.
@tezblack9496
4 жыл бұрын
I love it when you do interviews like this I been studying grant for a while, I look up to this man you should do Robert Kiyosaki next
@KC-lg8qf
2 жыл бұрын
My mom has had her house for 30 years. Still 100,000 because of refinancing. She is 73 now. A house is absolutely a bad investment. It's horrible. Besides the fact that you can never actually own it because of property taxes.
@redwallz4624
Жыл бұрын
Your mom didn't know how to manage her money. My pops is 59 paid of his home when was 54yrs old and able to take 3 months vacations every year. Now tell me why it's bad investment because he pays less than $2,000.00 in property taxes a year? Lol while others pay $2,000 month in rent?
@bonestube3713
Жыл бұрын
Dumbass lol
@TheOpinionSports
4 ай бұрын
@@redwallz4624the house still doesn’t pay him, he pays the house. Up keep and maintenance.
@johndavid5883
4 жыл бұрын
The thing is, Buying a house without mortgage is NEVER a bad idea, it's better to put your money in concrete and rent it make money or life in it yourself, but a mortgage MIGHT be bad
@journalism101
4 жыл бұрын
Never own where you live; own where other people live.
@HipHop-ps2th
4 жыл бұрын
Exactly!! Buying a house makes sense when you're renting it out. Tax laws are are a hell of a lot more favorable for a landlord than a owner.
@journalism101
4 жыл бұрын
@@HipHop-ps2th Thank you. Own the roof over other people's heads while renting a roof over your head.
@officialnotesonlifepodcast
4 жыл бұрын
OMG THIS INTERVIEW CLIP JUST GAVE ME LIFE.
@JesusIsELOHIM
4 жыл бұрын
I own 2 houses in the dominican republic and I'm currently building 4 apartments there and have another land that's getting 4 more build there
@tmac20031
4 жыл бұрын
What he is talking about are people putting a down payment and "buying" a house they can't afford with a banks money. Instead of renting within your means and investing your money in business.
@ineedhoez
4 жыл бұрын
Then that title is incorrect. The problem is that people live beyond their means. Would you live be out beyond your means, you cannot build wealth. Duh. It doesn't matter if it's house debt, card debt, or credit card debt. It's bad debt.
@Ucancallmenobody
4 жыл бұрын
Keep having Grant Cardone on please! Love the way he thinks!
@calsarchandler6851
4 жыл бұрын
So, it’s better to rent from someone who owns. But, it’s also better to own and rent out the property....? 🤔
@charvarjones879
4 жыл бұрын
He got his start by selling his 1st house for millions........
@gfmdayvo409
4 жыл бұрын
Charvar Jones shit went over y’all heads 😂 this why y’all stay in the same place, he sold that home for millions not stayed in it for 40 years
@jlcooper9139
4 жыл бұрын
His took a loss on his first house and learned buying single houses would not make him money. So he invested in multiple apartments
@busterbiloxi3833
4 жыл бұрын
Bullshit!
@TheOpinionSports
5 ай бұрын
He was right about AirBnB, it’s starting to get worse for people running that business
@Lynn-ml7nn
4 жыл бұрын
We are in a recession now. Smart Man👍🏾
@cdubya166
4 жыл бұрын
Bought a 3 bdrm, 1 bath, 1 car garage house for $65k, 3 years ago. It's now worth about $95K. I owe about $55K on it still. Mortgage is substantially cheaper than any local rent that was available for a 1 room apartment. No neighbors that share walls so I can blare my 2500W stereo all I want until midnight when the noise ordinance kicks in. Can't play that shizz in an apartment. I will upkeep and improve on this house until my daughter is 18 - 25 and eventually leave it to her. If it's still worth what it is now or more and she decides to sell it.... well that's the makings of potential generational wealth or at least one step closer to it. Now, if you're financially inept and impulsive DO NOT buy a house. If you're financially savvy and are prepared to live below your means... then go for it.
@sunset6010
4 жыл бұрын
Once you PAY OFF a house / condo / land ... You can STILL LOSE it
@minimalist_monk
4 жыл бұрын
Sun Set There are no guarantees either way. Life is a gamble and crazy. Good luck!
@robertswift6101
4 жыл бұрын
I bought a 3 story multi family house,,lived on the first floor for free while the other 2 tenants paid the rent,,,,then some years down the road bought another and did the same thing,,,,i now bought my own house free and clear and still have those others forever or until I retire.
@dboi4952
4 жыл бұрын
Renting isn’t financial freedom, OWNING is....
@viralbuthow000
4 жыл бұрын
Only if you pay your house off and avoid a mortgage.
@dboi4952
4 жыл бұрын
Sky Blylevin Correct
@jayhag5481
4 жыл бұрын
Sky Blylevin and you can do that. Might not do it in a day. But no reason you can’t do it by 50. Better than still having to pay rent in your 70s, when the money isn’t coming in the same.
@henry8706
4 жыл бұрын
Financial freedom is having more income streams that offset your spenditure. When you own a home, but have no money to spend on basics like food health, you aren't financially free.
@Jazzman2476
4 жыл бұрын
@Chuck Norris Then nowhere you live is an asset, especially for poor folk.
@mofoheltahskeltah
4 жыл бұрын
If you bought a home 20 years ago in a shitty hood in Toronto, Vancouver, San Francisco, London, Manhattan, Boston, Seattle, and countless of other cities you would be a millionaire. I have achieved financial success from purchasing a home - it’s all about where you buy.
The only time renting is best is if you move a lot for better jobs or if you can find somewhere cheap. Once you start a family it's harder because theres not as many deals for families as there are for single people
@moda-vi
4 жыл бұрын
Real talk, a mutual fund has better returns and you can liquidate instantly
@JaylaGoggins
4 жыл бұрын
The Lazy Philosopher so you saying a mutual fund is a better investment than a house?
@abbeyneeson5183
4 жыл бұрын
TrevorNever In many cases and in some areas, definitely.
@phenton91
4 жыл бұрын
@@abbeyneeson5183 hell nah, get an index fund, fees are higher for a mutual fund.
@Synchronite
4 жыл бұрын
Abbey Neeson I can’t live in a mutual fund and can’t eat it. No a house ain’t an “asset” like a stock but it’s more practical than renting
@freshestinclass763
4 жыл бұрын
Go index fund.
@stupidrules1000
4 жыл бұрын
He's not wrong, be he's definitely not right. So, nobody has ever become a billionaire by buying the home they live in alone. But the greatest expansion and broadest distribution of wealth in this country's history came from home ownership from 1945 to 1970 or so. Owning your home has soooooo many more advantages to renting for MOST working people. However, if you are planning to be an entrepreneur, inventor, musician, actor, etc, a mortgage can restrict your ability to make the necessary moves you need to. Also, most people suck at making money without a 9-5 job. If you are one of those people, you need to own your home.
@realjohndead
4 жыл бұрын
What if vlad is the whistleblower in this whole Ukraine thing
@cjhepburn7406
4 жыл бұрын
john dead What Ukraine thing...
@champsvizion7801
4 жыл бұрын
@@cjhepburn7406 Trump impeachment
@disyaboij123
4 жыл бұрын
😂😂
@DAllanRixxTV
3 жыл бұрын
🤣
@romanticwarrior3236
4 жыл бұрын
He has a point! You want to build wealth by any means necessary! Do not be like a hamster In a wheel. In other words Get rich or die trying!
@romanticwarrior3236
4 жыл бұрын
@@EliteOnTheBeat I'm not against buying a house 'idiot' I'm talking about building wealth. But of course you're probably one of middle class people that's like a hamster In a wheel. Living paycheck to paycheck. Thinking the only way you can get ahead is through a lottery ticket. Lol! Laugh at that!
@franco714gunz9
4 жыл бұрын
Finally some content that educates and gives people important information. Instead of the usual interviews of idiots in the rap industry, keep up this kind of insightful content vlad.
@christianquiroga7350
4 жыл бұрын
it doesnt create financial freedom... yeah coming from the guy who bought a $7million mansion and sold it 10 years later for $17million.. he made $1million a year for 10 years owning a single family home...
@brianbcpryor112
4 жыл бұрын
Grant Cardone....Looks Like an NFL COACH& CELEBRITY PERSONAL🏆🏆🥊🥊TRAINER:)
@bobh9098
4 жыл бұрын
Buy a house and pay it off in less than 10 years or pay cash.. Secure your living expenses for life.. Take the money you would've used paying a mortgage or rent and invest.. Can't tell me that ain't financial freedom.. Freeing up your income from monthly payments is the greatest achievement anyone can make!
@apexscape
4 жыл бұрын
Buying a home afforded me grad school later. My mortgage is cheaper than renting a studio
@talor5324
4 жыл бұрын
People in the comments act like Cardone was anti-ownership, hes not. He is clearly saying that for a high earner or someone trying to produce extra cash flow (entrepreneur) a house is a poor investment because it doesnt generate cash flow. Yes ownership is freedom, but you can also own a liability
@nevinkuser9892
4 жыл бұрын
Yes. You nailed it. Everyone else seems to be hung up on some other point in between.
@umadbro1570
4 жыл бұрын
I'd rather pay myself than someone else. $100000 in equity in a couple years so far. Rent is for suckers
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