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My home is almost 600K and fully paid.
It's 6 bedrooms, and I only have one teenager left at home.
Im waiting for him to get into uni 2 years from now. Then i will sell up and buy a 2 bedroom house (down size) somewhere cheaper. Im hoping to spend only 200K and then invest the left over 400K in the market. Hopefully, then I can live on the interest for a long time. Im no longer that bothered about a huge house or even a fancy car. I just love my holidays. I love to travel at least once every 6-8 weeks😊
Rent an expensive unit in the most expensive city such as NYC , and stay in the most expensive hotels just because you like it. Save on splurging on a fancy car. Yup, that’s a sound financial advice.
ОтветитьFrom min 34-35, why is it automatically assumed that the individual is a woman!?
ОтветитьYes I agree on most of the content,however the home purchase is important in the UK .Especially with children .Short term investments could be factored into 30 lavished purchases too .I agree too we never talk about money as a family,It shouldn’t be a taboo 😎👍
ОтветитьROI for a rental will always be zero for the renter. It'll be exponentially better for the landlord/owner. If you own a home you can still invest.
ОтветитьNo worries for me, I don't try to time the market. When I see stocks fall below their fair value with some margin of safety, I buy. The last 2-3 months have been one hell of a shopping spree for me. I have literally like $2000 cash investment left. I'll probably miss a few times in the next few months, but who cares as long as I have value?
ОтветитьBuying a house is a personal decision, many investors who advise ‘do not own a home’ actually themselves own real estate. Listen carefully and be sure the advise applies to you personally. There is no formula to wealth, there are strategies. You decide. I do agree with his basic premise, goals based wealth accumulation. Growth sb purposed!
ОтветитьGetting a head start by beginning early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.
ОтветитьHow do you start to invest at 65? This is stuff they should be teaching in Primary School.
ОтветитьAmazing conversation. Rami broke down specific and practical tips so people can start today! Love it
ОтветитьJust came across this podcast, i am in Africa and it seems like Vanguard and Fedility cant help me, which investment broker can help me
ОтветитьHarvey what? Can't make out what your saying?
ОтветитьThe idea of investing a significant sum of money may be both thrilling and intimidating. There seems to be potential for considerable wealth increase with the correct strategy. How can one take advantage of the present market to grow one's retirement savings over time?
Ответитьi think buying a house is not a good idea for most people. all your money gets tied up into one assest. then its workall your life to pay your bills . people never learn to invest in more then one income stream like apartment rentlas. I have 4 aparrtment rentals the tenets pay of my mortgaje and i live for free in one of the units. I started investing at 28 i am 36 have multiple business and i am still living in my apartment rental for free. this is how you build wealth. buying a house just makes the banks rich buy the time the rentals are paid of i will have nice chunck of cash coming in every month. most people dont think like this. I dont work i retired at 36 i run my mulltiple business i just dont work for a employer. school never taught people how money really works most parents dont teach there kids how money really works. but there are so much information out there you can do it if you really want. it bad enough.
Ответить30k/yr 😢😢😢😢😢😢
ОтветитьWho has $400/month laying around 😢😢😢
ОтветитьBecause of greedy investors. Inflation will keep going up. Rents are so high people can't saved .
ОтветитьThe idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
ОтветитьI’ve invested in “ethical” investments through NEI, I don’t know if it’s doing anything. I know nothing and no one contacts me about anything.
ОтветитьRamit is wrong when it comes to buying a house. If it’s a sellers market then it’s the wrong time to buy and you shouldn’t buy, but when it’s a buyers market folks should buy. There’s a reason why ppl invest in real estate to become financially free.
ОтветитьBwahahaahaaa I love his "CRYPTO GUY" voice. Excellent podcast thank you.
ОтветитьI live in Florida and to rent anywhere here is rediculous! I feel buying a home and putting extra down each month for a pay down and pay it off.
ОтветитьVery interesting.......but far too long !
ОтветитьThank you, very important video
ОтветитьRent costs more than mortgages these days so you might as well own. When you rent you waste money on giving it to a landlord. When you own you have far more options such as pulling equity from the home, turning it into a rental property, or refurbishing the house and selling it for a profit. Renting is a waste of money
ОтветитьYou asked me to subscribe so nicely ---- and I did! Great episode. Keep up the great work!
ОтветитьToo late- just closed on mine. Can hunt and provide for myself and family on my property VS trapped in an apartment and relying on a grocery store.
It isn't just about money.
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ОтветитьHim: I guarantee I can find 5% for you to save
Me: LMAO ain't NO WAY
Same in the US. Often rent is actually more.
ОтветитьSo I agree with the info in this segment . However, these last five years have not been a constant 8%and the market fallout. I mean you have great stocks and then the stock market tanked in 2019-2920. I personally had to take action and move money as my company just watch the green swirl down the toilet. Most people lost their life savings those days if they did not make drastic moves to sell sell sell and then reinvest in new pandemic market. We are still recovering from the crash. So there are risks. This economy has been like the 20’s crash and the next is RE crash . You can’t invest and forget. You got to stay informed and keep your finger checking the pulse.
Ответитьi like your podcast, and i think a lot of it has to go with your voice and pace of your language.
ОтветитьWhy you didn't make your videos with subtitles
ОтветитьHey! Loved the show!
Anyone knows a great money mentor? I’m a graphic designer (fully identified with your graphic designer example), and would love guidance on how to pivot my market to really increase my hourly rate.
Thank you!
The house part is BS.
He says gran and grandad brought a house fifty years ago for 100k, more like 25k, and it's now worth 2M.
I bet he lives in a ten bedroom mansion worth 10M.
Pure water
ОтветитьI regret not buying a home 20 years ago. If you see an opportunity, pounce.
ОтветитьI did not go thru his numbers but at people want a house bcz they can do whatever they want … and you dont build equity renting. If you give a 50% down buying a house IS a good investment and I can prove that. Maybe buy a building instead of a house first.. but its dangerous to state DO NOT buy it.
ОтветитьYou work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires.,.,.,.,
Cut to the chase...such utter rubbish...!!
ОтветитьThis reached me in perfect timing and this is all affirmations from a 3rd person. Amazing how am able to fluently understand these concepts of money 😅 learned and about to apply ✅📈🧘🏻♂️🙏🏼
ОтветитьWhat was the fund the host was talking about?
ОтветитьThat being said, you cant just blanket average a lump sum total of $£30k per year to be saved across a 49 year span. If going by his earlier maths, that assumes to get an average of £$30k per year saving, you would need a final salary far in excess of £$600k per year based on 5% of your assumed salary heading into a dedicated saving pot. The principle is correct, but the maths in the example given behind it are totally unattainable for many many people. This could dissuade people from investing altogether, in my opinion.
ОтветитьThe best comment/question I ever heard on compound investing was this: If you were given a choice, would you A) take 1p/1cent but it doubled every day for 30 days as a cumulative total or B) flat out take £/$1m? If you chose option B) you would be down over £/$4.3m by the end of the 30 days 😂
ОтветитьIts not about taking the advice literally but understanding it and making it work for you. Just like the 4 semester strategy of living. Youd be amazed what you can do in 3 months and a well written and calculated strategy for your money and income
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