10:20 Spot on. Contrary to what many Americans do which is make their kids take student loans for college and fend for themselves once they turn 18-20, many Asian parents will pay for their children’s college education completely so they can put all of their focus on their career. One of the big reasons why so many Asians in America are so successful. Then they pay their parents back by taking care of them until they pass away.
@mocheen4837
3 жыл бұрын
We have been saving for our children’s college since before they were born. Other people are out spending on lavish vacations and eating out while we saved and invested. My daughter received a full STEM college scholarship and will utilize her college savings towards medical school.
@HM-wn2in
3 жыл бұрын
It's weird that it's not like that everywhere else.
@terrasai2857
3 жыл бұрын
@@HM-wn2in I guess it's just cultural. Many Americans don't financially support their kids not because they want to hurt them but to make them more independent and responsible.
@terrasai2857
3 жыл бұрын
@@mocheen4837 Wow! Congrats to your daughter! My older sister recently got into medical school and I'm so proud of her.
@HM-wn2in
3 жыл бұрын
@@terrasai2857 I go to med school and I had to get student loans but it's alright here in the UK. I know in USA it's tough. Also live at home with my parents. And I have a pretty nice income from crypto.
@kenbobcorn
3 жыл бұрын
As Kevin said, he is 25 and has 10m invested with his brother in rental properties. There is no way he could have received the line of credit for even 5 million unless he has significant collateral to back it up. Notice how in his monthly breakdown he doesn't even have mortgage or interest payments, meaning the 10 million in homes are pure equity. Most likely his parents already owned the homes and transferred them into their kids names. The boys are also young and its odd that their parents are retired at their age. The parents are as old as 55 given the average age that people have children, but they could have easily retired early since they are a doctor and a business owner. Moving the rental properties in their children's name reduces the taxable income of the parents, and the parents most likely can live comfortable with what they have. Unlike other of these sorts of videos where real estate owners talk about their leverage, in this video it was missing meaning the home are inherited. As Kevin said in the video, he would love to know how the kids are leveraged but it's nowhere in the original video what their lending situation is like.
@kyawzazaw18
2 жыл бұрын
They did say the crash of 2000 hurt them tremendously
@janki3353
2 жыл бұрын
Yea he came from BIG money. crash of 08 must have hurt their million dollar buisnesses but not nearly that baf.
@forthehomies7043
2 жыл бұрын
his brother couldve put 8m of that in. Plus with him being in the real estate industry, MUCH easier to get deals
@mytravls
2 жыл бұрын
55 years is old for indians. thats why we get pressure to start early. everything in life.
@wanderingdoc5075
2 жыл бұрын
good eye, you're correct.
@Gsuneow
3 жыл бұрын
Keep in mind that this kid came from a background of wealth. It’s a different story if he came from a background of poor parents and really struggled. But he graduated from Berkeley high school, a school where most if not all of the kids parents are wealthy. Edit: everyone keeps missing the point of this comment. The kid said his family struggled but then mentions he got a large trust fund and a few properties that he didn’t specifically explain how he acquired fresh out of high school. The whole point is whether he actually struggled because struggle for the rich is completely different from the struggle that a average American has to go through.
@SuperEman500
3 жыл бұрын
Yeah, Manny Khoshbin more real than this guy , Manny started from nothing, him and his family lived out of their family car that was donated to them from one of the father’s friends, and now he broke free from all of that to become the guy he is now.
@bandanasaikia6048
2 жыл бұрын
@@SuperEman500 he is an old guy
@jitlv
2 жыл бұрын
What? So if you come from a poor family you can’t be wealthy later in life? So if you come from a wealthy family it’s also assured that you’re going to be wealthy?
@Gsuneow
2 жыл бұрын
what? No. This completely went over your head. It has been statistically proven, that children of wealthy parents have a larger percentage of success. Than a middle or lower child. Basically what I’m saying is that this would have been a better video. If he actually came from poor to rich-not rich to richer.
@Blaze6432
2 жыл бұрын
@@Gsuneow Some people are too stupid to understand what privilege is. Don't bother with him.
@theyofactor
3 жыл бұрын
Very impressive. Let's remember his father was a MD and his mother was a business owner. So Sahil had a great background. Was his family rich to begin with? Did his family's connections help him land that job? My point is some people have greater odds of being in this position than others.
@adambrackston3471
3 жыл бұрын
If he took 2 years of college while at high school he has what it takes no matter his background tbh.
@MikeTech201
3 жыл бұрын
This is true but you can amass a portfolio the size of his without the same background but the job could have cherry picked him.
@kevinnguyen2774
3 жыл бұрын
Easy to say than do…my family is rich and I 30 and live @ home 😂
@vince7735
3 жыл бұрын
@@adambrackston3471 I think he said he took courses that would be transferable. Basically his time is limited working a job and managing properties so it's a no-brainer.
@777jones
2 жыл бұрын
People who cry all the time and are losers rarely win. His parents arrived in the US with probably nothing and also went broke in the 2000s. Is he oppressing you? What is your excuse?
@W07043304
3 жыл бұрын
Dude is eating fast food and drinking Coca Cola. Kevin "He is eating healthy, He is very smart" :D
@jarebombao5382
3 жыл бұрын
You can eat salads all day and still be fat.
@hnmsolutions1
3 жыл бұрын
USD-PKR almost $$175...
@faraanfaruqi766
3 жыл бұрын
Kevin doesn’t count calories, he says it’s good, because it’s cheap
@bitethebook249
3 жыл бұрын
LMFAOOOO
@THExKINGxKINGx
3 жыл бұрын
@@jarebombao5382 What does that have anything to do with his comment? The point is fast food isn’t “eating healthy” like he stated.. Salads are healthy.. especially compared to fast food which is not.. 😐
@minismalls3096
3 жыл бұрын
I appreciate o'leary saying "not everybody is able to do that" when talking about this stuff. a lot of people only have enough to barely survive, so saving 50% of monthly income is out of the question. I like that he's not out of touch with a lot of people's realities. if you're able to do it, then thats great - but so many personal finance folks make it seem like *everybody* is able to do it when that's not the reality.
@jandersen6802
3 жыл бұрын
It is your own fault. Why didn’t you take school more seriously? You could easily have been baking $200K by now.
@minismalls3096
3 жыл бұрын
@@jandersen6802 not sure if you're joking but i'm not struggling by any means, i'm just empathetic to people's situations. a big chunk of people live paycheck to paycheck J, life is not so easy. school does not guarantee 200k per year for everybody not sure where you got that from? are you an american? here - only a doc is "guaranteed" a high salary like this but only after graduating with well over a million dollars in debt. this person is an outlier and should be seen as such. great inspiration, but saying everybody can save 50 percent of their income is ludicrous. majority of people with higher degrees makes 50/60/70k. engineers start off with like 150k if they're really good, but even they have to pay 500k back in student loans.
@CSpottsGaming
2 жыл бұрын
@@minismalls3096 The entire idea that people could be making $200k a year if only they'd taken school more seriously is the perspective of a 15 year old that's never worked. I have an engineering degree in one of the most lucrative engineering fields (at entry - other fields have much higher ceilings) and didn't make that in the few years I worked in that industry. I'm now about to graduate with a masters in finance and the job I signed for isn't $200k (despite the lengthy work hours and the prestige of the position). $200k as a person under 30 is very difficult to attain. I'm 27 now and might hit that number with raises and bonuses between now and then, but it's hardly something the average person could be expected to reach. By the time you retire? Sure, a well educated person that puts their head down might be able to achieve that. But to think it's something an average or even above-average achiever could do is ludicrous.
@FM-dm8xj
2 жыл бұрын
@@minismalls3096 hmm, you think doctors guarantee a high salary? study harder.
@photon2724
2 жыл бұрын
@@minismalls3096 500k for an engineering degree!! As a fresh engineering graduate, its no where near THAT MUCH.
@tbacak311
3 жыл бұрын
I struggled a lot as a kid... my dad was a doctor and my mom owned her own business... lols
@AznBoi871
3 жыл бұрын
It's definitely easier to get on your feet with capital from parents but that's the culture being taught and built into it. It's not the money it's the drive. I envy his knowledge big ups 💯
@sta1RR
3 жыл бұрын
You can tell he struggled , not many make such good use of opportunities they have
@littlelarry2912
3 жыл бұрын
Probably means making friends and being Asian. Most kids don't realize they have or don't have money.
@Jensoncorpuz
3 жыл бұрын
Some doctors don’t make much, especially after all the debt they’re in after school. Plus his wife lost the business and they had like 3 kids and possibly they were taking care of the grandparents as well which is normal in Asian families.
@shelby427
3 жыл бұрын
Only a few people saw his BS
@seriousman99
3 жыл бұрын
8:09 "Blood is more important than money *sometimes*" lmao
@albertoj.mollinedo4116
3 жыл бұрын
There’s an old saying: “blood is thicker than water, money is thicker than both” that’s probably where they got that and twisted it.
@moonlightfitz
3 жыл бұрын
It’s true.
@shakunrelhan2944
3 жыл бұрын
@@albertoj.mollinedo4116 pretty sure they didn't got that from this...
@gavnonadoroge3092
3 жыл бұрын
next video, living on $5 billion a year in Beverly Hills, CA
@diamondmax5141
3 жыл бұрын
Next video living 10 million a year in Atherton California (Richest and most expensive neighborhood in the world)
@bandanasaikia6048
2 жыл бұрын
No one lives with that amount
@PatrickMTrent
3 жыл бұрын
We work for 40yrs to have $1M in our retirement, meanwhile some people are putting just $10k in a meme coin for months ago and now they are multimillionaires power of digital currency.
@danielkaplan6610
3 жыл бұрын
wonderful lessons for new beginners like myself. Great details and modeling.
@aidanpatterson5430
3 жыл бұрын
Growing in cryptocurrency requires time and Patience
@deanp..sanders9366
3 жыл бұрын
Hello what is the best way to get started with this cryptocurrency trade because I've been making my personal research for a while now.
@charlesdavis8162
3 жыл бұрын
@@deanp..sanders9366 .Invest or trade with a good guide is the best way to get started in the trade market. Learnt that the hard way🤨
@PeterCSkov
3 жыл бұрын
I'm interested to learn what this cryptocurrency trading stuff is about
@meshap.8713
3 жыл бұрын
The reason why financial literacy at a young age is so important in every culture. I’m speechless.
@aldossnow3703
3 жыл бұрын
Number one thing he did was being born to a doctor and a a business owner . Anyone can do that ! 😉
@PA-eo7fs
3 жыл бұрын
Aldos Snow na, plenty of folks born into upper middle families who don’t do anything. You’re a defeated loser lol
@thecryptohacker9976
3 жыл бұрын
@@aldossnow3703 lol being rich is a mindset ,you can be born into a wealthy family and generate 0 dollars.Ive seen people with millions losing everything.This is an excuse for insure people like you to feel superior in a way because you are unsuccessful in life Most millionaires in truth generated their own wealth.The journey from 1000dollars to 100 million is equally commendable as the journey from 100,000 to 100 million.Sad ,our society praises mediocrity and calls successful and rich people evil lol.
@top7elites597
3 жыл бұрын
@@aldossnow3703 lol what a loser
@jamesmccreary2442
3 жыл бұрын
@@thecryptohacker9976 It's all about probability. Being born in a wealthy just gives you more opportunities and a leg up. It's your's to squander really. Conversely, even if a person works hard and smart but is born into less-than-ideal situations, it's going to be tougher. In each situation there are going to be wealthy people and poor people. I believe life is almost entirely deterministic, but the probabilities just skew more to one side or the other depending on your starting point.
@dvoob
2 жыл бұрын
Lol "my parents lost everything when the real estate markets crashed, therefore I learned to be safe with my money" Proceeds to take out nearly $10,000,000 in debt to invest into real estate. Love it...
@Pwn3dbyth3n00b
2 жыл бұрын
Well once the market crashes buy low sell high. You probably got another decade before the next recession cycle.
@NickB-md1oy
2 жыл бұрын
Risk management my friend. Scaling up doesn’t change it.
@forsupernovae2401
2 жыл бұрын
he just trolling and shtuff
@forsupernovae2401
2 жыл бұрын
@@Pwn3dbyth3n00b that was after a decade...what
@noway2451
2 жыл бұрын
@@stephenworsley every year people like you say this and once every 10 or so years you get to say "see i told you so!" and still everyone thinks youre dumb...
@santanat.7206
3 жыл бұрын
I love when rich and successful people give away real information that’s not trying to sell you anything.
@SampsfaN
3 жыл бұрын
What real information? If you need to be told that savings is the key (of course if you can save) then you haven't been focusing. Wealth is what you don't spend away, it's as simple...
@manhalrahman5785
3 жыл бұрын
Hi @@SampsfaN
@KekusMagnus
3 жыл бұрын
yeah and that information is usually along the lines of "just be rich lol"
@BigBri550
3 жыл бұрын
@@SampsfaN True dat! Well, almost true: wealth isn't just operating at a surplus, it's also the acquisition of holdings.
@valeriazaragoza375
3 жыл бұрын
What information? Put 1’500 out of your 43k/month income in an IRA? Wow, such sage wisdom.
@tracilynette2984
2 жыл бұрын
"and he says he's eating well. very smart. very smart." I cannot
@brucedubby6449
3 жыл бұрын
"Don't buy things you don't need but when you do need something buy the best" ...That's a bar
@raumaan23
3 жыл бұрын
the thing is…. Tesla isn’t the best, he was wrong about quality and longevity 😭
@brucedubby6449
3 жыл бұрын
@@raumaan23 Whatever you feel is the best for you. Of course everyone isn't gonna agree on whats the best
@raumaan23
3 жыл бұрын
@@brucedubby6449 yeah I know I’m just talking about how he was talking about quality like Tesla’s are known for that lol
@BigBri550
3 жыл бұрын
@@raumaan23 Yeah, yeah- sour grapes. We all knock what we can't have to make ourselves feel better.
@raumaan23
3 жыл бұрын
@@BigBri550 I mean I just started college rn so I’m fine with my Prius bud, I’ll get a Tesla for the fun later, (not the quality)
@Abbasshaikh42
3 жыл бұрын
Never seen Kevin be so impressed throughout. Pretty cool.
@contagiouz989
2 жыл бұрын
He made him emotional. I thought Kevin was going to tear. Good story well executed. Wish him all the best.
@tarunthakur713
3 жыл бұрын
Kevin O'Reilly after every 10 seconds "very smart"
@charliecrosby1268
3 жыл бұрын
I'm putting aside $15 a week .It use to be $16 but I was denying myself too many nice things
@ew2645
3 жыл бұрын
You’re joking but it’s amazing how many people don’t put aside $15 for possible savings.
@asadb1990
3 жыл бұрын
you got to start somewhere.
@CryptoLuke96
3 жыл бұрын
I put 150-200 a week into crypto the rest is for food and rent
@jinxterpinxter
3 жыл бұрын
@@CryptoLuke96 Dollars or pesos?
@youyoua988
3 жыл бұрын
Hahahaah same here
@kapambwekapambwe4131
3 жыл бұрын
Wow, as someone living in a third world country I cant even imagine myself making $1,000 a month yet I have a college degree and am 10yrs older than this young man.
@ryderwashington4199
2 жыл бұрын
Cost of living and inflation go hand in hand. You cannot live near comfortably with $1000 here, but definitely in your country. Or even less than $1000
@lisafoodie8443
2 жыл бұрын
its all aboit management... youll be better off than everybody else in your country...
@bavidlynx3409
2 жыл бұрын
@@ryderwashington4199 thats true.
@for-real-tho
2 жыл бұрын
It's not just a 3rd world problem. I'm European and even I don't make $1,000 a month after taxes. There are probably 100 million people in Europe who makes less then $1K a month.
@60hertzproductions64
2 жыл бұрын
He was handed it all.
@jamesvzfighter
3 жыл бұрын
I should be on the next episode. Kevin O'Leary Reacts: Living on $17K A Year In the middle of nowhere.
@GaryBurrSingh
3 жыл бұрын
Lol he would come out a millionair still :P
@brentmcchesney1660
3 жыл бұрын
And you probably still save half your income
@cmmguy99
3 жыл бұрын
And complaining about people not paying their fair share....
@blaply3421
2 жыл бұрын
Me, my wife and two small kids live on that same amount a year and I wouldn't have any complaints if it stayed this way, it really pays for a decent life in an Eastern European country. Ofc you can't bring your family to lavish holidays this way but still many live much worse here...
@recheveste31
2 жыл бұрын
The kid is flawless and has the mindset of a true Investor. HOWEVER.... He was brought up from an upcoming business family (after 2008) so the family had great credit scores and assets and I guarantee he use that as a leverage when buying property. You can buy property with having your parents co-signing and REMOVING them from your property after 6 months.
@FliknClik
2 жыл бұрын
true.. its just, my parents are doing ok.. Good credit scores. I recently co signed to get a house.. I doubt I will be making 500K anytime soon. Rich isnt one thing falling into place..its many.. and having a perfectly honed skill to use when the opportunity does present itself..
@Bittzen
2 жыл бұрын
@@FliknClik I heard success is when opportunity meets preparedness. Always be prepared to jump on the next opportunity to present itself, and you'll make successes.
@sharoncohen318
Жыл бұрын
Lol they didn't just cosign, they gave them all the down payments for sure.
@Jawnderlust
2 жыл бұрын
I’m not a shark tank fan, but Kevin crushes these videos. Love it. A+
@romelindareyes7337
3 жыл бұрын
Investing is buying yourself a better future you don't have to work hard again.
@kelvinl.3875
3 жыл бұрын
You can say that again.
@kelvinl.3875
3 жыл бұрын
I have achieved many things in my life since I started investing.
@jasmineheidi1427
3 жыл бұрын
Speaking of investment, I've been finding it difficult choosing between real estate and Crypto, Stock investing.
@grazynstevic3170
3 жыл бұрын
@@kelvinl.3875 You sounded like a motivational speaker, And I hate your kind.😒
@melpatriarca4498
3 жыл бұрын
@@jasmineheidi1427 I'm into real estate investing.
@bikesbeersbeats
3 жыл бұрын
Just incredible. How did he figure out all of this and gain access to $10m in funding to invest as a student and working part time?
@sourpatchkid87
3 жыл бұрын
Dad is a doctor and mom is a business owner
@manuelroque7782
3 жыл бұрын
@@sourpatchkid87 he retired his parents which means his parents didnt have a lot of money
@justinlee5666
3 жыл бұрын
leverage
@manuelroque7782
3 жыл бұрын
@TheENofficial It's funny how whenever someone gets some kind of success you just try to find excuses :)
@thecryptohacker9976
3 жыл бұрын
@@manuelroque7782 Hating the rich culture is sickening.It comes from some people 's own insecurities from being unsuccessful and a failure.This society praises mediocrity and calls successful and rich people evil or use excuses like parents have lots of money to compensate for their sorry life.When in truth,most millionaires generates their own wealth.There are plenty of people ik who went from lower middle class to millionaire now.Rich and poor is a mindset.You take away all the money from rich ,they'll use their brain to become rich again ,you give the poor money they'll lose it within no time.There is a reason even after having millions most sports players like NBA players becomes broke after a while.He has that 1 percent mindset so you give him 100dollars or 100,000dollars ,he will build his portfolio.Its his luck he got educated parents who worked hard to be able to reach that point unlike some people who think their parents working minimum wage jobs are better people lol.Even if he didn't have educated working parents ,he is smart enough to gather investors for himself.
@WilliamChan
3 жыл бұрын
Saving 70% of your income stops being impressive once you're deep in the 6 figures a year
@almas3427
8 ай бұрын
And single with no children
@waikitlam4944
3 жыл бұрын
He was my classmate in communnity college. He has been ambitious and I am glad he is on the right track..
@aleynakurd4053
3 жыл бұрын
really?! what did he major in or what classes was he taking, also how did he get free classes at berkeley
@waikitlam4944
3 жыл бұрын
@@aleynakurd4053 I belive he is in econ if my memory is correct. I dont know what else he took but we were both in econ2…I This video doesnt say he took free classes at Berkeley, but instead he took some classes at high school that can be transfered to Berkeley so he can save some money…
@helensteve2817
2 жыл бұрын
Thanks for this educative video. You all have to know that Growth is hard, but you have got to choose what you want for your life! Rather be stuck in the same place for years. Meet Maria Martinez. for your investment growth.
@janemunsey9753
2 жыл бұрын
Feels so good to also see one here who also knows about Ms Maria's investment. My life changed for good after my lnvestment with her!!!.
@gurametsadashvili1888
2 жыл бұрын
I have tried lots of traders but non is as genuine as Maria Martinez, though I was skeptical but still gave her a try of $500 and got a profit of $7,500 in 5days I'm so grateful🙏.
@helensteve2817
2 жыл бұрын
She’s available on telegram with the below username
@helensteve2817
2 жыл бұрын
@maria_martt
@dn5426
3 жыл бұрын
"Smash that like button" Graham trained him well 😂
@papastacks1881
3 жыл бұрын
No fr he copied and ran with this😂
@chrispaul3778
2 жыл бұрын
Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free
@maxiecharles2842
2 жыл бұрын
Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free
@claresmithy4667
2 жыл бұрын
When you invest in crypto you are buying a day you don't need to work...
@samuelroyal3818
2 жыл бұрын
Now is the best time to purchase and invest in bitcoin, stop procastinating..
@dannysamuel4056
2 жыл бұрын
Crypto is the future, investing in it will be the wisest thing to do especially with the current rise..
@patienceoluchi5134
2 жыл бұрын
Wish I knew about crypto trading earlier. Brace up and get yourself a bitcoin before it's too late.
@jstackz1113
3 жыл бұрын
Things that need to be addressed? -How did he get the job at the most well sought after real estate brokerages right out of college with zero real estate experience? (cough daddy connections cough) .000001% get out of college and immediately work for a multimillion dollar listing company with zero prior experience without someone getting them in. -9.4mm Portfolio in real estate, assume they needed 20% down at least, which would be 1.8mm starting capital. Having worked in the position for 3years, would not have enough money saved for that with 10k a mo saved. Who's injecting the capital?
@iStorm-my5fp
2 жыл бұрын
Facts
@btanna5591
8 ай бұрын
..Or while studying in Berkeley, he studied what's the best money making job and worked closer towards it through the connections of the professors' inputs. Maybe his brother is in the same market and he had been learning from him or some family/friends of all the electives to take to land the best job; probably got in as an intern and worked extremely hard and of course smart to get to where he is. It's not hard to learn from your parents and immediate family members the values of saving but again even after the money you make, only someone extremely smart can do what he is doing. I know of an extended family member who was given everything like this guy but ended up being a spendthrift and is working a 9-5 job just like everyone else once he realized there was no more. Also, his family lived in a different state if you realize for his dad to 'cough up' connections. You have to at least give credit where due. Would love to know more about HOW this guy landed that job in the first place and WHAT did he do to get there. The capital could have come from his family selling off or mortgaging their family home too. I can confirm Indian parents go to lengths unknown to other cultures to ensure their kids' wellbeing without even letting the children know of their suffering (may not be the case here) but that is what in turn brings up our duties without them telling us. As an Indian, I also agree that we save a lot and live by these family values where what's ours is theirs and ensure their wellbeing as soon as we start making money but where he is at, can only come from his own dedication and I just wish him the very best :)
@jstackz1113
8 ай бұрын
TLDR inside connections @@btanna5591
@jitlv
2 жыл бұрын
Meanwhile, I’m only making $12.75 as a warehouse clerk 🥺
@nuterra9143
2 жыл бұрын
Invest in Crypto staking and high yield Crypto staking and you'll will making that amount in 1 to 2 years.
@DiegoG747
3 жыл бұрын
What's all the more impressive tho is he got Mr Wonderful emotionally moved
@pcmasterrace4002
3 жыл бұрын
Man, I'm barely making $2000 monthly in real estate sales commisions while this guy's making $20,000+ per month, crazy 🤯🤯
@kdavid123186
3 жыл бұрын
Hey man when I was car salesman I was making 100k a year. I hope you find better career if you can only do 2k a month in real estate, specially in all time high prices
@17teacmrocks
3 жыл бұрын
I just looked up Golden Gate Sotheby's. They sell 8-9 figure properties. On a $100M prop, even 0.01% commission = $10k. I didn't know exec asst get commission on sales. Either he's also an agent bringing in clients or there's some special deal going on
@samuela6271
3 жыл бұрын
Hes making more like $43k/month... 🤔
@pcmasterrace4002
3 жыл бұрын
@@samuela6271 oh yeah, my bad haha
@samuela6271
3 жыл бұрын
@@pcmasterrace4002 I just noticed even O'leary seemed to miss that... and that he's only putting 3% into a 401k... but with that sort of income, having a spare $20k per month must be hard! lol
@PhilosoFeed
3 жыл бұрын
"I lived through the crash of 2000 and 2008" Me: the only times I ever remember things being pretty good were around 2000 and 2008, lol.
@bigbeartanner
3 жыл бұрын
Same😂
@bigbeartanner
3 жыл бұрын
However 2006 was good for me
@HydeMyJekyll
3 жыл бұрын
Dude was putting more into his IRA than I even made each month. Hard to make money when you don't have any money and make $8/hr at a grocery store.
@uncomfortabletruths7990
3 жыл бұрын
Wtf 8 an hour in 2021? Idk if u live in America but if u do then Man U need to quit right now and find a different job they r finessing u hard af
@billionairesbio
3 жыл бұрын
Bro I make 6 dollars a day working 10 - 10, 12 hours straight 😂
@hul8376
3 жыл бұрын
@@billionairesbio wich country are you from?
@billionairesbio
3 жыл бұрын
@@hul8376 india ...😅
@hul8376
3 жыл бұрын
@@billionairesbio hope life gets better, such a big difference around the world. I have what i need and some things i want with an average job
@Paladin_Zero
3 жыл бұрын
515k a year? bruh makes 10x what I make If I was making 515k a year I'd be blessed you can do a lot with that kinda of money
@foxsinofgreed223
3 жыл бұрын
@@drewskeez1156 relax
@UnsaltedCashew38
3 жыл бұрын
I'm open to ideas, what can you do with that kinda money? (other than put it in stocks)
@raphaeldouglas9361
2 жыл бұрын
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
@tianalucas8147
2 жыл бұрын
Yeah! I agree with you sir.If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@juliagoncalves4082
2 жыл бұрын
@@tianalucas8147 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@sabrinaslime4493
2 жыл бұрын
@@juliagoncalves4082 That's very correct And that is why most of them end up losing they money don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before I n v e s t I n g. Learn and get the knowledge first before investing..
@sabrinaslime4493
2 жыл бұрын
People wants to do what the 99% does but wants to get results that are fit for the 1%, but it doesn't work that way
@JuanVillegas.
2 жыл бұрын
@@sabrinaslime4493 Investment is the quickest path to financial freedom, the rich stays rich by spending like the poor yet investing! While the poor stays poor by spending like the rich yet not investing.
@acevisionaire8621
2 жыл бұрын
"Building money/wealth overtime takes time" His level of patience and persistence! His parents are truly blessed to have children that value them and themselves!
@Eradicationist
2 жыл бұрын
not when it all was given to you.
@noncog1
2 жыл бұрын
"It takes time" says the 25yo...
@pianofry1138
2 жыл бұрын
Yeah it takes time but if you're parents do it for you it takes far less time.
@adventurefaps9571
2 жыл бұрын
Yeah easy to build wealth when born to wealthy parents. Dude was born with a silver spoon up his a--
@yeshuaislord6880
2 жыл бұрын
Haha I see what you did there, well played
@pauladriencuny1470
3 жыл бұрын
“Putting at least 10% of what you are making”, the richest man in Babylon
@Buyitforwife
3 жыл бұрын
I think it’s great what this guys is doing and absolutely remarkable! I will say, however, I wouldn’t be publicizing it like this either .. I wouldn’t want people knowing how much I make personally
@Buyitforwife
3 жыл бұрын
@@pawaniyer oh totally. Just a matter of personal preference. And I agree with all you said
@vince7735
3 жыл бұрын
We need to demystify money and how it's made. You're probably afraid of others learning your tricks and becoming "successful" also. I think it's survival of the fittest instincts at play. But get this, not everyone measures their success with how much money is in their bank account and not everyone worships money. We should end our days with this simple question: Have I helped anyone today or just myself?
@Buyitforwife
3 жыл бұрын
@@vince7735 ya maybe some want to hide their secrets. I agree people need to learn and model from other successful people. For me, its more a personal reason - just don’t want people to know my specific income and breakdown. Never know how that info gets abused or misunderstood
@Droneacharyas
3 жыл бұрын
@hon solo Exactly. It just becomes an attack vector for people who know nothing about your life!
@MORRIS6161
2 жыл бұрын
I agree, I would be embarrassed since I have a 4 year degree
@jalen2231
3 жыл бұрын
There's gotta be a large amount of inheritance involved here. I turned my stimulus checks into 10 grand investing it. The more money you are given, the easier it is.
@HappyHappyPanda88
3 жыл бұрын
if his employer is giving him 1-2% for each real estate sold, thats a lot of money earned. He Doesn't need inheritance.
@JonReing
3 жыл бұрын
Unfortunately, I live in an area where average middle class income is around 30k-50k a year. Rent is between 700 and 1200 a month. If you do the math without considering utilities or transport, money made per month is about 2000 to 3000 after taxes, and cost of living is about one third. If you factor in utilities, vacations, trainings, transport, food, therapy, health, you’re looking at a savings of maybe like 100$ a month. Cutting back on that list is damaging to ones mental and physical health and that’s why I advocate against wealth real estate and for higher salaries, lowering the taxes on people under 50k. The structural issues are high and not everyone can afford to save big if they want to live well in the present. By well, I mean, to make sure they are healthy and can have some decent experiences.
@poopydroopydroopy
3 жыл бұрын
Are you talking about Orlando lol?
@chris-cy5ed
2 жыл бұрын
Rent a room out
@chris-cy5ed
2 жыл бұрын
@@poopydroopydroopy 😂 probably..exactly most dont realize people make wayyy more than that outside cent fla Orlando
@-Orev38
2 жыл бұрын
Move
@HappyPenguin75034
2 жыл бұрын
Have to move.
@littlelarry2912
3 жыл бұрын
500k in this area is probably feels more like 100 - 200k . Cali is one of the worst states to live in financially
@Ichabod_Jericho
3 жыл бұрын
When my dad died I inherited $150,000. Not even apartments would allow me to put $80,000 down. Bought a van, hoping the business buys a house instead. It’s extremely depressing out here.
@Ichabod_Jericho
3 жыл бұрын
@Star Dazing it would have, but what’s waiting for me anywhere else? No career or family outside of California, my home state. Leaving would’ve separated me from my brother, mom, nephews & nieces. But then again I might not die homeless elsewhere
@TheFreddieFoo
3 жыл бұрын
even with 100-200k, Indian people can make it work and figure out how to increase it and live like kings/queens later on.
@w00borg34
3 жыл бұрын
nah, 500k even in the bay is solid money. its not "100 - 200k"
@littlelarry2912
3 жыл бұрын
@@Ichabod_Jericho You went to the wrong people or a bank. Someone in real estate would have written up a deal for you. 80k could make a great start. that is far more than I had in the beginning. That is just bad decison making, it's not depressing out there at all.
@anko7827
8 ай бұрын
This kid has Indian values, kudos to his parents for keeping it intact in a western country ❤
@ggvffggyfdfgujjhhggxxxxghyhhg
2 жыл бұрын
Dude: ahhh whsjdhucfj dhdjdjd Kevin: Very Smart, Very Smart
@SpeedYellow
3 жыл бұрын
What have I learned from this video? 1. He makes $550k (so $45833 per month, i assume pre-tax) but only budgeted $14983 which includes IRA and Savings. This means much of the remaining $30850 is invested in real estate (either paying his mortgage for his house or rental properties). 2. Budget is low only because he’s single. Travel, transportation, phone bills all triples quickly once he gets married.
@orielmor-liveformor5809
3 жыл бұрын
So you're trying to find what's wrong and how he might fail? that's why he's probably more successful than you are.
@SpeedYellow
3 жыл бұрын
@@orielmor-liveformor5809 not at all. (1) Just trying to point out the importance of investing in addition to the savings. (2) don’t get personal. You have to tell me if it’s “more successful” driving a Tesla or a Porsche. Just toys.
@apollo-aries
2 жыл бұрын
@@orielmor-liveformor5809 lol whats funny is Jonathan has a better understanding of investing than you and your dead channel from the start 💀💀
@spikefivefivefive
2 жыл бұрын
In California, it's safe to say that 45% goes toward state and local taxes. Then there's federal income tax. He easily only sees half his income after taxes under the best of scenarios.
@SpeedYellow
2 жыл бұрын
@@spikefivefivefive I am sure he pays his taxes (we all do). Your point makes it more important to invest in business/real estate, maximize tax deductions and minimize taxes.
@ProCoderIO
2 жыл бұрын
Did he say “destroy the like button”? I see that Stephan Graham taught him something!
@WinS392
6 ай бұрын
regarding the Tesla, I liked how he seems to still feel gratitude for being able to get that. usually people buy an expensive car and just get used to it and barely notice how nice it is anymore.
@jackcarlos
3 жыл бұрын
"Hey Kevin, I'm rich and need you to make a video about how baller I am so the peasants can watch and make you money too"
@violian5
3 жыл бұрын
Yeah, I'm 99% sure if I pulled in $515K/year in salary, I'd also be able able to put more than 50% in savings. Kevin says he can't find anything wrong with what he's doing. Only problem I see is that he said half of his $9M real-estate portfolio were purchased in 2020 (and we all know we're in a housing bubble right now), and that he's using borrowed money to make that happen. If the housing bubble pops (which many analysts are certain will happen soon), historical data from the last 2008 financial crisis shows CA was one of the Hardest hit (e.g. he would be totally upside down on his real-estate portfolio).
@bmxalex3hernandez
3 жыл бұрын
Although he’s leveraged he was able to access the cheapest money ever existed. We still have a supply shortage so until the demand for housing goes down this “bubble” ain’t popping. I don’t know the CA market but if he purchased right his RE will always be rented
@ericmalcolm3467
3 жыл бұрын
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
@mrscryptolover2537
3 жыл бұрын
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
@ellastinmorgan8638
3 жыл бұрын
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
@leekosa9310
3 жыл бұрын
I will advice you should stop trading on your own if you keep losing and start trading with Mrs Laura Morgan trading services
@laramattos9161
3 жыл бұрын
I lost £1200 carelessly trading on a platform then I was referred to Mrs Laura Morgan she recovered the loss and made an extra profit of £4600
@davidleozian3362
3 жыл бұрын
Wow I'm just shock you mentioned and recommended Expert Mrs Laura I thought I'm the only trading with her
@asterism.x
2 жыл бұрын
He’s not necessarily eating well. That’s how much I spend on food because I order too much Doordash and all their fees/tips add up 😂
@daMillenialTrucker
2 жыл бұрын
He's rather scrawny too.
@Jordan-pd8ir
3 жыл бұрын
Guy has a doctor for a dad and a business owner for a mom, doesn't pay any utilities or rent/mortgage but he's giving advice? Of course he's able to "invest in himself" when he has hardly any financial responsibilities and makes half a million a year.
@chillhill9039
3 жыл бұрын
Why bitter, he merely showed how he lived (it may inspire someone since he is sharing his journey and how he made it), he was not giving any advices…
@coffinfeeder7732
2 жыл бұрын
Stop right there! Why aren’t you buying into the petit bourgeoisie dogma?!?? WATCH AGAIN AND HAVE THE RIGHT OPINION THIS TIME
@wheretheyatthoe2101
2 жыл бұрын
The point is other people live like this and their not using it to their fullest they rely on their parents if something were to happen he has himself set up for independence
@Jordan-pd8ir
2 жыл бұрын
@@wheretheyatthoe2101 He didn't set himself up for independence, though. His parents did. That's my point. It's like praising someone who won the lottery, its not something regular people can replicate.
@apollo-aries
2 жыл бұрын
@@wheretheyatthoe2101 it's funny you say that when clearly in the video it says he lived with his older brother in Berkely to finish high school while his brother was already in real estate ✋🤦♂️
@JoeOlson2009
3 жыл бұрын
Someone needs to show him how to wear his Whoop.
@TheDanielmeeks
2 жыл бұрын
"what I learned about money is make a lot of it"
@russelljconquerslifehawkey
3 жыл бұрын
How can you do that my IRA only allows me to put $6000 a year putting $1500 a month in four months you’ll reach your yearly limit is he going off a different plan that I’m on aware of
@NABgroupproductions
3 жыл бұрын
I thought that too, but then it says later that it’s an SEP IRA, which has limits over 50k
@paulnelson1192
3 жыл бұрын
Making money is the plan and with Bitcoin Investment your Plans can be fulfilled.
@carlosdelacruz7298
3 жыл бұрын
*I'm making a whole lot of profit off trading stock at the same time, I'd like to invest in forex and Bitcoin as I heard it's really happening now.*
@marthaedward4987
3 жыл бұрын
@@carlosdelacruz7298 *that's true, a lot of people today have been having a ton of disappointments in forex and crypto trading in light of helpless decisions awful specialists.*
@markbryanmatias5614
3 жыл бұрын
Actually you got a good fact, but am so much in need of an expert that can help me handle my account.
@sergeygevorkiaslanyan779
3 жыл бұрын
@@markbryanmatias5614 there are lots of good experts out there but most offer little ROI's. I will advise trading with Mr Nicholas Burke-Gaffney's team as I make over $35,000 on average per month from their trading bots.
@solomonwilliam5146
3 жыл бұрын
Forex trading has left me no choice but to keep investing cause it's makes me profits that even myself gets shocked, I keep earning not less than $37,000 weekly.
@adelinesimmons8152
2 жыл бұрын
Indians are natural savers even David Ramsey couldn’t keep up with this guy.
@MD-xg4xu
3 жыл бұрын
I know this guy and family. He is lying to create a good story by saying he supports his parents. His dad is literally a contract physician making multiple 6 figs.
@MrSandChess
3 жыл бұрын
Ok
@eyespy3001
3 жыл бұрын
Figured as much. This kid started ahead of the game with his family’s money. However, his lifestyle and advice can still be scaled down to pretty much anyone at any economic level. Spend 10% of your income after expenses are covered and save the rest. After realizing that sacrifices will need to be made, it becomes quite easy. Figure out what you make in a month. Figure out what you owe each month for bills/rent/mortgage. Subtract from your income. Whatever is left- even if it’s $20- take 10% of that and ball out. Save the rest. Rinse and repeat. It helps to trim down your expenses. Get rid of one of your streaming subscriptions. Cancel your gym membership that you’re probably not using. Cook at home instead of ordering/eating out. Walk instead of taking an Uber if you can. Curb alcohol consumption (going out for drinks is incredibly expensive). Make minor adjustments to your life and you’ll see how much money you’ll save each month.
@ekipierrobert1989
3 жыл бұрын
I bet he got that job because of his parents.
@apollo-aries
2 жыл бұрын
@@ekipierrobert1989 his brother in the beginning of the video was already in real estate, and he lived with his brother in berkely while finishing HS
@MD-xg4xu
2 жыл бұрын
@Octo Master my friend was his parents landlord for one of his dads contracts at the VA in Philly. He gave them a good deal and they left the place trashed and left on short notice
@JV-tw6lt
3 жыл бұрын
How can you put in IRA when there is a limit of 6k??
@worldwide_wes
3 жыл бұрын
That’s a ROTH IRA not a SEP
@kezhang3151
2 жыл бұрын
This young gentleman is definitely smart with his money. But to be honest,if I'm not mistaken, his dad is a physician, and mom is business owner ? I'd say even though they went through 2008 crash , his family still had a pretty profolio/foundation for him. That's why he is able to do those things quickly.
@alfredking7442
9 ай бұрын
My point too sir
@faranocks
3 жыл бұрын
"Man he makes so much money - so smart so smart"
@johanvanwambeke723
3 жыл бұрын
This guy is eating well 2 frames later he's at the pizza place :D
@vince7735
3 жыл бұрын
The editors have a sense of humour!!!
@alfredking7442
9 ай бұрын
When you surrounded by smart people you are who you associate with smart parents make smart kids do the math they are his financial advisor
@Dannydrinkbottom
2 жыл бұрын
25? wow, he did well for himself. Cudos.
@svn5994
2 жыл бұрын
Having connections help.
@khuggaming9048
2 жыл бұрын
I worked for 10 years at a business and had it taken from me in a very destructive way. Bad fallout with greedy partners. It has killed me. It’s been 5-6 years. I’ve lost everything financially struggling with ptsd and depression but gained a family. I now have three kids I didn’t have before and I’m starting to finally look to the positives. Hopefully I can figure out my finances at some point. But I don’t care any more. God will make sure I have what I need. I don’t need some rich guy to give me advice. That advice wasn’t there when I needed it and the ones that were led me down the wrong path. Just do you and trust God to guide you. That was my problem all along.
@MRkriegs
2 жыл бұрын
Mr Wonderful gives good real world advice. God is make believe.
@CosmicDarkLord
2 жыл бұрын
There is the story of the guy who refused help because he said god will help me. Stuck on top of his house after a flood. A man with a boat comes by and asks if he needs a lift. He replies no god will help me. Later a helicopter comes by and throws down a ladder and tells the man to climb. The man says no thank you for god will send for me. Later the man dies to the flood. When talking to god he asks why he did not help him even though he remained faithful. God replies I sent the boat and the helicopter. There is always help and opportunities abound. It is not gods job to force you to take them. Free will is about making that choice for yourself. There is plenty of free information in books,videos, and even local programs to teach finances. The advice was there when you needed it. It might have been hard to interpret but thats life to do your own due diligence. Good luck with the rest of your life.
@SoSomyxa
2 жыл бұрын
@@CosmicDarkLord this is a literal perfect response to the guys comment. The guy who posted this if you’re reading this you have given up on life and that is sad God is an instrument but you are the player
@CosmicDarkLord
2 жыл бұрын
@@SoSomyxa thank you.
@WhatIsThisForAgain
3 жыл бұрын
Meanwhile, the people who actually build the houses, create the infrastructure, manufacture everything in the house, is making peanuts.
@dinogators8323
3 жыл бұрын
They don’t put the same amount of risk to even start the projects.
@WhatIsThisForAgain
3 жыл бұрын
@@dinogators8323 Yeah, risk… Like those going down the mine shafts… I know how dangerous borrowing money from family and connections can be. More importantly, however, this guy does nothing. He doesn’t contribute to the society beyond shuffling money from one super rich to another. They are parasites.
@berniepoegel9109
3 жыл бұрын
Exactly what i was thinking! How america works! Be rich or really poor!
@Oneday-bw8gu
3 жыл бұрын
Because its not difficult
@apollo-aries
2 жыл бұрын
@@Oneday-bw8gu said like a person whos never had a job before
@michaelhawk-fitz7563
3 жыл бұрын
at 5:36..what?..my car is either heavy enough or light enough so I don't have to pay for it?..what?..
@hoylematt1
8 ай бұрын
"You can get fixed mortgages at 3-4% right now." Dang why is this the most amazing part of this video today?
@theramblingzone
2 жыл бұрын
I have always had side businesses. About 4 years ago I was able to turn them in to a full time situation, so I didn't have to work a traditional w-2 job. The wisest thing I learned was how to write things off on taxes. Learn the tax laws and codes and you will think differently about your bills and purchases if you have business, even if it's just a side business. Everyone should have a business, even if it's just a side business, just for the tax benefits.
@brimmed
3 жыл бұрын
did mr wonderful say buying the best/most expensive car you can afford is the best way to go? i feel like everyone always says to buy second hand and get a car that's reliable. i drive my hand me down civic lol. will prob get a model 3 or something when the solid state batteries are around
@theaveragemegaguy
3 жыл бұрын
Yes he did say that and I think that’s a good way to go about it. It’s better to buy one pair of really good jeans that’ll last you years then having to buy multiple jeans because cheap ones ripped. Same principle applies to anything. One good coat/car/computer/backpack that’ll last years is better than multiple ones in those same years because cheaper can sometimes equal lower quality. You’re investing in yourself that way. Nothing wrong with second hand stuff but once you can afford good stuff I’d say go for it so you only need to buy it once.
@eneco3965
3 жыл бұрын
@@theaveragemegaguy Expensive doesn't necessarily mean good quality though
@theaveragemegaguy
3 жыл бұрын
@@eneco3965 more often than not it does though, that’s why it’s expensive.
@nick_0
3 жыл бұрын
@@eneco3965 it usually does though
@chantalreneehayles7976
3 жыл бұрын
this is good advice if you can reasonably afford it. buy the best in relation to your disposable income/situation.
@amansethi1281
8 ай бұрын
Even the tough Mr. Wonderful seems to be getting emotional and tearing up a little at the mention of the guy taking care of his parents and helping them retire!
@tf2368
8 ай бұрын
Mr Wonderful Grifter
@DOPEdwarf
2 жыл бұрын
How exactly is he working at Sotheby's at 25 years old?
@yoddy0
3 жыл бұрын
The guy has it going on. I aspire to be in such a good position as I grow older myself.
@Stierenkloot
2 жыл бұрын
Well then just be born rich like the person in question.
@yasht7957
3 жыл бұрын
3:45 the markets can giveth and taketh - Kevin O’leary
@_m_K_.
3 жыл бұрын
His family probably purchased several properties in 2012-2015 when values in Oakland were 1/10th what they are now. He said he owns 10 million in real estate purchased with his brother in the past year, but did say where the money came from? You could buy a house in Oakland for less than 100k in 2012. Even into 2014, many properties were under 200k. Unfortunately I didn't have all cash so it was nearly impossible for me. Its always nice when you have a rich family to help chip in.
@newenglanddogmum7725
3 жыл бұрын
It is. And ?
@littlelarry2912
3 жыл бұрын
Why couldn't he have taken loans and rented the properties ? That is how I got started in real estate. You only need money down on the first property. This guy is smart and has it together. he would be succeeding even if his parents did help him
@twinturbo3461
3 жыл бұрын
Me : How does this guy even make 515k a year ? Kevin : He makes a commission on selling houses that cost up to 40 million dollars a year and works for one of the biggest real estate brokerages in the world. Me : Ok next video.
@onestepfromsuccess
2 жыл бұрын
You: Okay, I'm not anywhere near motivated enough to learn how to get myself into such a position. Time to play some more video games
@DDracee
2 жыл бұрын
@@onestepfromsuccess he didnt even talk about how he landed that job in the first place, just how he spends and saves his money lol
@KABZProductions
2 жыл бұрын
Connections.
@cronchcrunch
2 жыл бұрын
@@onestepfromsuccess You: Okay, I'm just going to watch KZitem videos with no real educational content while telling myself that this is helping me. Time to berate someone I know absolutely nothing about and go back to watching more KZitem.
@dextermorgan2117
2 жыл бұрын
As someone making 800k a year I can tell you what the easiest way to make 500k a year is if you're young. Study 14 hours a day like your life depends on it, get into a top 20 school and get a degree in one of the big 4 (in order of preference): 1. Software engineering 2. Medicine (Can be a top 50 school) 3. Law (has to be a top 14 school only) 4. "Finance"... (worst/most uncertain of the 4 options and requires you to be an investment banker or a quant) Get into a top company. You will be making 200k staring right out of college with 0 years of experience in NYC. Live and commute from NJ. 6 years later you'll be making 400k+. I'm 10 years in and make 800k as a software engineer (L7 SWE to be specific) at a top company. Requires IQ of at least 135. More is better
@SuleymanErtugrulSahin
7 ай бұрын
Hi,everyone. I am from Europe but I am planing to move to the US and I have a question.This series is very helpful to understand the living standards based on your net income. One thing I do not understand is that the monthly budget they show in every episode never ever adds up to the yearly net income they claim. Rounding up the numbers, it’s said that this guy makes around 500k a year and his monthly budget is about 14k. That makes (again rounding up) 170k a year and nobody ever questions this difference. What is it that I don’t know?
@InTheMoneyAdam
3 жыл бұрын
How is this guy investing $1,500 a month into an IRA when the contribution limit is well below $18,000 annually? Edit: am dumb and didn’t know SEP limits are higher.
@Fergman88
3 жыл бұрын
SEP IRA has higher contribution limit.
@AnthonyYi-u1h
3 жыл бұрын
Yo huge fan
@ButerWarrior44
3 жыл бұрын
there’s ways around
@krosfyah4932
3 жыл бұрын
It’s a SEP IRA. Contribution limit is set at the lesser of either a) 25% of income or b) $58k / year. Self employed individuals get to contribute more than a traditional IRA
@dominicduran749
3 жыл бұрын
Isnt the personal contribution limit 19500 annually?
@justint1181
3 жыл бұрын
if he owns the Model X outright, why does he have a car payment? Also, why is there a recurring car rental expenditure? The $1,745 in transportation costs shouldn't be that high
@spencerhammond2870
3 жыл бұрын
No one said he owns it outright, he just said he owns it as opposed to renting it leasing
@j_boogie_483
3 жыл бұрын
@@spencerhammond2870 You're right. My assumption based on his Section 179 deduction and Kevin assuming he doesn't lease the car.
@spencerhammond2870
3 жыл бұрын
@@j_boogie_483 I believe you can take the section 179 deduction even if you finance the purchase
@mateuszkarlson4219
3 жыл бұрын
The best way to find that balance between saving and living is by investing, This way you get to have your saving intact and then live comfortably off the revenue coming in from your investments.
@youngandinvesting30
3 жыл бұрын
I'd appreciate if you give me any tips or guidelines on how best to get started investing.
@jaredwatkins3822
3 жыл бұрын
This seems more like putting your savings in an investment company rather then the bank, hmm really ideal i think because you'd earn a better revenue than the annual interest value you could get while saving in the bank. WOW! this is really an eye opener, could you recommend an IA please? I would really appreciate that. Thanks so much for this.
@mateuszkarlson4219
3 жыл бұрын
@@jaredwatkins3822 Few years before i got to decipher the market myself i worked with an IA Gloria Blanche Laurano. She traded my $90k portfolio into $220k and i learnt a lot of things i know today from her.
@antoniorosario6180
3 жыл бұрын
@@mateuszkarlson4219 I've heard a lot about Mrs Gloria Blanche Laurano but I don't know how to get across to her.
@mateuszkarlson4219
3 жыл бұрын
@@antoniorosario6180 You can connect with her via telegram.
@dringled7046
3 жыл бұрын
Was this shot on a sony in 8-bit? The colour cast on his face is brutal. ** I'm guessing it's shot in 1080 as well? With 8 bit the higher bitrate of 4k is a must, even with 1080p delivery. Looks like someone maybe tried to fix the colour and made it worse....lol
@radioactiveposts5275
3 жыл бұрын
I am Indian and have some relatives who have around 15 houses in their real estate portfolio, man they nothing on their mind besides multiplying their wealth. They are so frugal that think 1000 times before spending 1000 rupees at a restaurant.
@bobjohnson6131
2 жыл бұрын
i grew up poor and though i could've made more smart investments, I was able to buy a house. Just don't be stuck working a deadend job at walmart. There's so many better opportunities
@caesaraortizg539
3 жыл бұрын
i think Mr Wonderful has evolved to be more relatable , or maybe its just me lol
@timstrawbridge
3 жыл бұрын
It's his advisors telling him to do that. Either way, glad to see he's not as cold-hearted as he used to be!
@sureshjikaladka
3 жыл бұрын
@@timstrawbridge how tf did you get the sticker
@randomperson-de1rs
3 жыл бұрын
a :
@jahimuddin2306
3 жыл бұрын
On Shark Tank he is ruthless because he is investing his money but on other platforms he is a nice guy.
@timstrawbridge
3 жыл бұрын
@@randomperson-de1rs I guess it took it out. anyway its called elbowcough
@Michael-zn2jc
3 жыл бұрын
“He’s eating well” Graham would not like to hear that
@innovateandinvest
3 жыл бұрын
i imagined graham saying “nooooo!!!” when they showed the clip of starbucks
@MixSonaProductions
3 жыл бұрын
Warren Buffet approves this Never hold back on food
@joeyrobinson4939
3 жыл бұрын
How is it possible to put $1500 into an IRA each month? Isn't there a $6000 limit per year? Or am I missing out on investing more?
@cutecub1495
3 жыл бұрын
Sahil said he's contributing to an SEP IRA. "For a self-employed individual, contributions are limited to 25% of your net earnings from self-employment (not including contributions for yourself), up to $58,000" (IRS). I think you were thinking of a Roth IRA, which does have a ~$6k contribution limit.
@Mskedu47
3 жыл бұрын
He has rich parents and has a cush job probably from connections from his parents
@ericb7937
8 ай бұрын
In Canada you can save 75% of your income but that means you can wait 10 years to get your down payment for a home on an average income.
@jumpmanyang3117
3 жыл бұрын
The mainstream culture in Asia is taking care of their parents, whereas the popular culture in America is sending their parents to senior villages or live far away from them.
@ralphemerson497
3 жыл бұрын
Not true. America has a retirement system for seniors after working their entire lives, in theory. Many Asian countries don’t have the social safety nets as in the West. Now you are seeing a problem in the Asian countries, specifically China, when youngsters are not making sufficient pay to support their parents and their young families, and there isn’t a retirement system in place. You forgot to mention this guy’s parents left the old country” for better life in the US. Says a lot about from where he came.
@NoOne-ky1er
3 жыл бұрын
@@ralphemerson497 //Says a lot about.. It only says US has more money making opportunities, nothing more..
@ralphemerson497
3 жыл бұрын
@@NoOne-ky1er Do you know how those money making opportunities come about? Private property ownership. Limited government interference. Free press. Capital economy. Limited taxation. No America are losing those. That’s why we are declining. Liberalism is cancer.
@biffalobull2335
3 жыл бұрын
@@NoOne-ky1er Yeah I can’t get enough of that communism
@NoOne-ky1er
3 жыл бұрын
@@biffalobull2335 Don't bunk your geography classes.
@granvisirdelben
3 жыл бұрын
I dont make as much as a couple thousand dollars a month, but I can despill this greenscreen better than CNBC for sure.
@fitybux4664
3 жыл бұрын
It makes Mr. Wonderful look like a robot or a scary alien. I see no problem here. 😀
@kevindo3365
3 жыл бұрын
Very impressive but how did he raise so much capital in the first place while being a student and working part time?
@williamswinston3636
3 жыл бұрын
Crypto man
@rudzon
2 жыл бұрын
4:35 - "Probably eating healthy stuff. If you spend so much money on a food, you probably eat healthy" 9:51 - *pizza and coke*
@aai343
3 жыл бұрын
5:27 Kevin is spot on this, My dad says the same thing, If you want to buy something get something of good quality even if it costs a bit more it will last a long time, He only buys things that have quality. I am on the opposite end buying cheap stuff and having it break down all the down or throwing it away.😅
@steviejohnson378
Жыл бұрын
It’s no surprise why California is so unlivable these days thanks to people like him
@ARandomDonut
11 ай бұрын
Well, and the people he sells to
@micntr
3 жыл бұрын
I think there should be a different title than Executive Assistant for his role… I’ve worked with many EAs, they don’t make that money or execute at this level… kudos to the kid, that’s impressive
@vince7735
3 жыл бұрын
Also an EA with zero education, training, life experience...something smells fishy to me.
@mytravls
2 жыл бұрын
@@vince7735 EAs make over 100k where I live. I have seen their salaries.
@HighMaintenanceMinimalist
2 жыл бұрын
@@vince7735 Smells a little like nepotism to me.
@triggeredlonda4317
Жыл бұрын
@@HighMaintenanceMinimalistit should latino black asian should take over america and make white people rent and become landlord and force them to pay 70% rent of their income 30% food like slaves like they did to us
@robertgarcia338
3 жыл бұрын
@jeffersonelliot8909
3 жыл бұрын
Bought on Dip!
@victorialopez1021
3 жыл бұрын
How can I join his channel?
@hilfordthompson7282
3 жыл бұрын
Last month profits were out of this world, I was able to grow from 3 B.T.C - 8 B.T.C it felt too good to be true, I booked a trip the next day 😆
@robertgarcia338
3 жыл бұрын
@@victorialopez1021 NormanBerg Õn Te Ie gr am. , 📧
@eegram....franklinharper5491
3 жыл бұрын
Norman's context "It's very exciting when the market is volatile, that's the best time to seat back and wait to catch a big pump"
@JustCallMeHonda
2 жыл бұрын
Most probably don’t know but this kids brother is a referee in the NBA G-League who’s worked NBA games as a non-staff official and will probably be a full time NBA referee very soon. Impressive family.
@MR-jq4qv
9 ай бұрын
Great combi of Indian culture with American opportunities.
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