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What is Wealth? – Why You Need To Be Wealthy

You, alive right now on the planet with all the resources we have. With only a small handful wealthy and the rest of us in scarcity and scrambling. Today on limitless TV I’m gonna be talking about why you need to be wealthy and how it’s already available to you right now. Now first glance you might be thinking that this video is about amassing tremendous amounts of wealth and there’s a lot of truth to that.

But I want to talk about the definition of wealth. What are the definitions of society? There’s a lot of people out there that actually believe that money buys happiness and they think to themselves, I’m in a small home and this is unhappy for me so if I have a bigger home or if I drive a nicer car, if I do more world travel, then I’ll be wealthier and I need to be wealthier to be happier. And there’s this paradigm of be do have have do be. And what that really means is that if you believe that having things is ultimately what’s going to help you enjoy life at the most, then you’re gonna be a super limited human being. Being a limitless human being on the other hand, is reversing that and saying that I get to be who I want and in turn it will likely lead to having the things that I want. Now this message is coming from someone who has started and operated and run and even sold very successful businesses. I’ve done nearly a billion dollars in business, I live here now over ten years in a house that I custom-built at the age of 26 my first house could fit in this room alone.

Right now I’d Drive the BMW i8 and I’m leaving on Thursday for Africa for a hunting Safari. Now we live in a world where you could judge me because I have those things there’s a lot of limiting beliefs on the idea of money and likewise there’s people that think that money is a big part of really why we’re here. I want to define wealth a different way today. This is the wealth that you need to have if you want to fulfill life’s purpose. This is the wealth and definition that says, I possess all the resources that I need for every inspired choice in every given moment. In other words, I believe that wealth shows up financially in our health, in our relationships, and in our personal power.

And right now, I feel like I am the most wealthy version of me and it’s not defined by how much money I have in my bank account. It’s actually defined by what I’m capable of in any given moment. Because right now, I’ve paid the price to produce a healthy body when in the past I’ve had a less healthy body. I’ve paid the price of now having thousands of friends when in the past I used to have three friends and I was otherwise kind of a closed off disconnected human being. And when we talk about the wealth of this world, look at my look at who you are as a person with your personal power. You know, are you hiding from your power? are you shy of it? or you wanting more but not showing up? Versus confident in taking a stand for what you believe in and living out loud. Okay wealth comes in so many forms and here’s what I believe, I believe that we can tap into our intuition and in any given moment receive what needs to be done. It could be calling someone, meeting with someone, helping with something, starting something, finishing something, doing a business, and whatever it is, if inspiration is behind it, if you have access to all the resources you need financial and non to basically complete that objective then aren’t you that don’t you have the right to be the happiest person on the planet? My wealth is divined by one word, fulfillment.

What fulfills me, fulfillment can’t be bought it can only be it can only be earned through a series of inspired choices that you take action on. We talked about why you need to be wealthy, sure I’ll teach you how to create wealth through real estate investment but just be clear those millions of dollars will always pale in comparison to the true wealth which is that every one of us in this given moment have the ability to be at peace, happy, and fulfilled. How do you do it? Let me share. If you want to step into this wealth, the real wealth, the wealth that is available to you right now there are three steps that I want to recommend. The first is to ask the second is to receive and the third is to act. I’ve been following this pattern for the last 15 years of my life. I’ve been defying logic because I’ve been going to my heart and I’ve been going to my intuition and the reality is you’re only going to get more of what you’ve got if you operate from what you know or you can tap into the temples and warehouses of knowledge and wisdom that are available through intuition.

Where you’ll gain access and instruction and guidance how do you do it? Ask, ground, get, calm. Calm your mind. Do it right now with me. Step in, lean into what I’m sharing right now. Close your eyes, take a deep breath, and fill your lungs up all the way and slowly release. And just ask, what is the highest and best use of this moment? You’ll get an answer. That’s the step two of receiving. Then step three is create a relationship with this universe or you take action on what you get. So act right now boldly if it was send an email, if it was call a friend, if it was go buy something, pick something up. Use your time differently, cancel this appointment, make this appointment, whatever you’re getting do it because now what’s happening is you’re living your life according to intuition there’s no higher and better use of your time than the inspired use of your time. And friends, that’s what this wealth of the world is really all about.

Now if you can live from inside this way this is what I’ve noticed about your outside world, abundance flows. How much? whatever is needful. Whatever is necessary, whatever you need for every inspired moment. It’s amazing how much outside world wealth can flow to us when our insight world is right. If you want to get more information on how you can cultivate the perfect mindset for attracting and magnetizing wealth like that to you, then click the link below and check out limitless. Come to my three-day breakthrough event because it’s weird. You know people say, well Kris I want to go to your real estate event I want to learn your wealth training principles and that’s called skill set. Come spend three days at a breakthrough event and learn the mindset and the heartset.

Because mindset must always come before skill set to get you where you want to go. I hope you take me up on the offer that I get an opportunity to the meet you, to get to know you, your goals, your hopes. your dreams, and then hopefully I get to see you fulfill it. .

As found on Youtube

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7 Core Elements of Retirement Planning

Everyone bill Lessman here for money evolution calm in today’s video I’m gonna be talking about what I call the seven core elements of retirement planning so if you’re somebody that wants to get more serious about the planning that you’re doing for retirement then I think you’re really going to enjoy this video now if you’ve watched any of my other videos maybe on my blog or my youtube channel or Facebook page then you probably have already heard me talk a little bit about some of these seven core elements individually what I plan to do in this video is really bring them all together really show how each of these seven core elements are all interrelated and hopefully at the end of this video you’re going to have some information to help you make some more well-informed decisions about your own retirement but real quick before I get into the presentation I wanted to draw your attention to a free guide that I put together it’s the seven core elements of retirement planning guide and in this I have all of the information or a lot of the information that I’m going to cover here in today’s video plus there’s some great worksheets that you can complete on your own to really help you get a good start towards putting together some of this planning for yourself so to get access to that guide I’m going to put a link right below this video if you click on that link it’ll take you to a page just put your email address in there and we’ll go ahead and send you out that guide I’ll wait here and I’ll see everyone back here as we get into presentation okay so welcome back so if you’re starting to do some planning for your retirement whether retirements may be coming up in the next year or two or even if retirements still a few years off into the future you probably realize already that there’s a lot of different aspects of your retirement and that’s what we’re gonna be talking about here so let’s take a look at these seven core elements so number one on the list is we need to understand how much your retirement could cost and what we call identify your gap the second thing on the list is we need to know where to save money obviously there’s lots of choices there’s Roth IRAs there’s 401k plans traditional accounts so we need to know where to save the money based on your own personal situation and your own individual tax situation we also need to talk about Social Security obviously that’s going to be a big component for many of you watching this video is when to collect Social Security how to coordinate your Social Security benefits with your spouse if you’re married so that’s very important health care that actually may be what I think is one of the most underestimated or overlooked retirement expenses that’s out there and there’s a lot of information that you need to understand about health care so we’re gonna talk about that a little bit here we also need to look at 401k plans so you might have a 401k you might have a 403b plan at work or some other employer sponsored retirement plans we need to know how to best take advantage of that 401k plan there’s a lot of features that a lot of people may not fully be aware of that could be inside your 401k plan so how to take advantage of that is certainly very important we need to create a plan for income so if you’ve been investing for your lifetime and while you’re working you were in what we call the retirement accumulation phase once you go into retirement we need to think differently we need to look at how to plan for withdrawals on your portfolio we need to look at things much much differently for that and then finally the last item on the list is investments choosing the investments that are gonna fit within your individual retirement plans and to help you achieve what your retirement goals are unfortunately this item here that we list as number seven on the list is oftentimes the one that people look at first in fact if you turn on the business channel you look at CNBC or you open up the Wall Street Journal or read pretty much any financial publication if you flip through the pages a lot of the discussion a lot of the advertisements are all pushing you towards certain investments they’re talking about returns and the performance of this fund versus that fund they’re talk about mutual funds they’re talking about annuities exchange-traded funds they may be talking about costs you know in looking at low-cost options and they would have you believe that really this is the most important thing that you need to be thinking about regarding your retirement and certainly the investments are absolutely very very important but we want to look at these investments after we’ve already addressed these other seven core elements and if we start here with investments a lot of times we can kind of get distracted we can get thrown off course a little bit because we really haven’t put into thought here how those investments are gonna fit within your your own individual retirement plan but once we’ve addressed those seven core elements and we start choosing investments now we have a clear vision for what we need those investments to do and what we want them to do to create your plan for income and to create the retirement lifestyle that you want so we’re gonna get into each one of these here in a little bit more detail and I’m gonna again start to show you how each one of these seven core elements are gonna be interrelated with one another okay so let’s start right here in the middle what we want to do here with this very first core element is we want to try to understand how much your retirement is going to cost or could cost and we also want to identify how much of a gap you have between where you want to be for those retirement goals versus where you are today and what I like to refer to here what I like to think about is begin with the end in mind so here’s your retirement and what I want you to do is start thinking about what it is that you think your retirement is going to look like for example what will your housing situation be do you plan to stay in your current house do you plan to downsize homes do you plan to spend winter someplace warm you also want to think about the things that you want to do in retirement so you can have a lot of free time you’re not gonna have to go to work anymore so think about the hobbies that you plan to do you plan to play golf every day or do you like to travel and start thinking about how much some of those expenses are going to be and you also want to look and see okay so basically what is your current situation how much are you saving for your retirement how much money do you already have saved for retirement and what we want to look at here and I think this is very important that a lot of people may tend to overlook essentially is that we have a trade-off basically we have our lifestyle that we have today versus that lifestyle that we want to have in retirement and if we think about this for a second here if we spend all of our money today we don’t save anything for retirement we’re gonna have a great lifestyle here today but that retirements not going to look very good contrary to that we could be saving a whole bunch of money for retirement putting away all kinds of money but that may be sacrificing that lifestyle that we have here today so I want you to think about that a little bit in terms of what are you trading off and I think there’s a lot of people because they haven’t maybe done some of these calculations they could be in a position where they’re saving almost too much money for the retirement they’re really sacrificing and giving up a lot of things today and there’s a couple of different categories of this there’s there’s things that of course we have our money that we’re saving so if we save more money today that’s less money that we can have for the future for that retirement but we also have time as well and so what I mean by that is we may be working ourselves putting all kinds of stress on our on our health on our situation by maybe working a whole bunch we’re saving a lot of money for retirement but we’re really sacrificing that quality of life here today and so be thinking about all of these different aspects not just the financial aspect of how much you’re saving but think about that think about like I said your health – and are you taking care of your yourself from a health standpoint as well because by the time we get to this retirement we want to have healthy bodies we want to be able to go out and do those things be able to play golf in and live that retirement lifestyle so again this is at the very center of these seven core elements and everything else is going to be interrelated to what this retirement gap is actually going to be and and how that’s going to affect that future retirement lifestyle okay so now that you’ve hopefully uncovered what this retirement gap is and you’ve really kind of gotten an idea of what your retirement cash flow is going to be and cash flow is something that we refer to a lot here on some of the videos that we do but really it is the lifeblood of not only your retirement situation but also your current financial situation it’s basically money coming in versus money going out and almost everything else on this list here is going to in some way or another affect cash flow the other thing that I want to talk about here before I start getting into each one of these seven core elements and a little bit more detail are taxes now when I created the seven more elements I thought a lot about how to include taxes should that be its own separate element and what I ultimately decided was that taxes are certainly very important and it’s a big part of what we do here in terms of some of our planning but what we’re going to talk about is we started looking at these seven core elements as we’re gonna look at how taxes are going to influence a lot of these different categories here okay so let’s start right off the bat and let’s talk about where to save money and obviously we have lots of choices we have Roth accounts like Roth IRAs you even have Roth’s 401k plans now and you have traditional accounts and and for retirement savings those are probably two of the most primary areas and basically that’s a big decision for a lot of us and what we really need to uncover is what is our tax situation likely going to be in the future versus what is that tax situation going to be today and again it goes right back here to this cash flow and understanding what those gaps are and what does our current situation today versus what is that situation going to be in the future so the Roth is going to be favorable if we think we’re going to be in a higher tax bracket in retirement than we are today and the traditional account is going to be more favorable if we think we’re going to be in a lower tax bracket in the future so we want to look at that the other thing we want to take a look at and I’ve actually got a entire video on our YouTube channel where I talk about this is investments for retirement in non retirement accounts and I go into a whole huge explanation as to why I think that is really just wasting a lot of money when it comes to to taxes there so again uncovering what those gaps are is going to help us to figure out where should we be saving money what’s going to be the most optimal for that future cash flow situation and for our current tax situation let’s look over here to Social Security again that’s going to be a very big component we could take Social Security benefits as early as age 62 or we could delay Social Security benefits to as late as age 70 and basically there’s a lot of decisions to make there again it’s going to come back to understanding that cash flow so there’s a lot of be out there talking about how to maximize social security benefits there’s even some calculators that you might be able to find out on the web what often times is missing from some of those calculators is how that decision as to when to collect Social Security is going to impact that cash flow situation and contrary how that’s going to affect your tax situation as well so we need to look at that and there’s also gonna be a coordination of benefits that you need to take into consideration if you’re married and you have a spouse because you might decide that one of you collects Social Security benefits early to get a little bit of cash flow coming in but maybe the other spouse is going to wait and delay those Social Security benefits whether or not you’re going to be working in retirement is also going to impact that and impact the potential taxes that you’re going to have on Social Security health care I talked about this here a few moments ago where health care I think is one of the most underestimated expenses in fact according to a recent survey or study by fidelity investments they determined that an average couple retiring this year that 65 years old could expect to spend two hundred and forty five thousand dollars on health care related costs over their retirement lifetime so that is a huge number a quarter of a million dollars just to cover and fund our health care and that does not include by the way any potential nursing home expenses or long-term care expenses so that’s a big deal we also need to consider health care for any of you that may be planning to retire before Medicare that starts at age 65 so you need to look at how your maybe employer benefits if you have any that are going to continue into retirement how that’s going to come into play or if you have to go out into the exchanges and go out into the Affordable Care Act in fact actually according to the Kaiser Family Foundation they put together some great research on this health care stuff but they actually said that a 64 year old couple could expect to spend about seventeen thousand dollars a year on their health care premiums for a policy that kicks in before Medicare starts and that still leaves them with about a sixty six hundred dollar out-of-pocket expense that they could have in addition to that $17,000 so that is by no means a top-of-the-line gold playing effect that’s actually a silver plan kind of in the middle there but you can see if you want to retire prior to age 65 that that can start to get pretty expensive the other thing here too again taxes are going to also influence your health care as well because your Medicare premiums are going to be largely dependent on what your taxable income what that adjustable gross income is for the year so the higher that is the more likely you are to be paying on your Medicare premium so again understanding that cash flow and understanding what that future cash flow is going to help you hopefully make some better decisions regarding healthcare as well your 401k plan is going to be another one of these seven core elements that you’re going to want to optimize unfortunately in my opinion I think a lot of 401k plans have really kind of watered down some of their investment options here over the last several years but there’s a couple of things that you can still do to hopefully optimize or maximize some of the benefits that you have on your 401k plan so one of those things is you can go all the way up to eighteen thousand dollars a year in contributions if you’re under 50 years old and if you’re 50 years old or older that number can be as high as twenty four thousand dollars a year and most people probably just understand that these are the limitations of the 401k plan but some 401k plans in fact more and more are offering this feature you may have access to an after-tax savings account within your company sponsored retirement plans and that could allow you to go all the way up to as much as fifty four thousand dollars a year in total retirement account contributions and that’s going to be a combination of your contributions plus any employer match that you might be getting can be as high as fifty four thousand dollars so that can allow you to extend even further some of the contributions that you’re making inside the 401k the other thing that a lot of 401k plans are offering now is something called a self-directed account and that is an option that you could have inside your 401k plan that could give you access to literally thousands of additional investment options that are not of the main 401k menu so again not every 401k plan is gonna have these features but you want to definitely look into it and see if that’s something now your self-directed account that may not be for everybody either because there’s going to be a little bit more research and a little bit more due diligence that you’re going to have to do on choosing investments but it could be a great option for somebody to get some additional resources in that 401k plan and then the last thing what will the second the last thing we want to talk about here are planning for income and again we talked about this a little bit earlier that you’re in a much different stage of life once you start going into retirement and you’re gonna start withdrawing or taking money out of some of these investment accounts and something we call the sequence of return starts to become a very important factor so if you think about it like this you know the market obviously is going to go up and down over time and when you are in the retirement accumulation stage of your investing as the market was maybe going through these these these motions as the market was maybe going down you were continuously hopefully making new investments into those accounts as the market was dropping and but the opposite happens though when you go into retirement if we go through a downturn and you’re withdrawing money out of those portfolios that’s going to have a very negative effect or can potentially have a very negative effect so we definitely need to take that into account but what we need to do before we do that is we need to understand what this cash flow is and understand where those gaps are so once we understand where those holes are in your financial plan and we know that in certain years you need to take a certain amount of money out of your retirement accounts then we can plan for that accordingly and sometimes what we do is we use what we call a bucket strategy and we just usually divide the portfolio into three buckets and we want to have some cash reserves maybe one to two years worth of cash needs in a very liquid very safe bucket so that when you do need to take money out you’re not having to withdraw money from volatile investments that could be invested in the stock market you also may want to have kind of this mid-range thing maybe three to four years or three to five years worth of money that’s in a my liquid bucket that’s still going to be on the more conservative side and maybe some of those investments are going to pay some dividends or some interest to help you refill that that first bucket and then finally over here is your long-term bucket and that’s gonna be investments that are gonna hopefully keep up with inflation provide you with some growth that hopefully if you’re in retirement for what could be 20 years or maybe 30 years in length that you’ve got some growth vehicles there but we want to think and break down this down so that you have a plan for income and keep in mind that if you don’t have a plan for income the government has one for you it’s called the required minimum distribution rules and so you may know that after you turn 70 and a half you need to start taking mandatory distributions every year from your IRA accounts in your 401k plans as part of this RMD so having your own plan is usually going to be better than reverting back to the government’s plan and then finally we talked about this earlier the last thing that we want to look at is the investments that we select and again once we’ve answered all of these other issues we’ve looked at the six other core elements then actually choosing the investments becomes pretty easy because now we know what investments are gonna fit into our buckets as an example which investments are going to be able to provide that income or those distribution needs which ones are going to be appropriate for your tax situation that are gonna you know help you you know plan for your Social Security your health care and all of that and then we can start looking at different investments that are going to fit into that retirement plan okay so there you have it those are the seven core elements of retirement planning and hopefully you’ve gotten some great information here out of watching the video here today and hopefully you’ve gotten a pretty good idea of how these seven core elements are all interrelated to each other and how making a decision about one item such as social security or healthcare or choosing investments why that doesn’t necessarily live in a vacuum and how maybe tweaking something over here might have an influence on something over there and so really bringing everything back to cash flow is really very critical so you understand how you know making a change in one category of your retirement planning you know might impact something else so again hopefully you’ve already downloaded the guide take your time look through some of the information in there we try to be very thorough with some of that we’ve got again some great worksheets that are gonna help you really get a good start on putting together some of these retirement plans and certainly think about what you want that retirement to look like also – for some of you you may want a little bit more help and of course we do that we offer a comprehensive cash flow based financial plan that can take a look at this and we will address not only your cash flow today but what that cash flow is likely to be in the future based on what you’re currently doing and we can also start to look at each one of these seven core elements and look at how each one of those is going to help you achieve those retirement goals and even if retirement still a little bit more often in the future if you’ve been saving money or maybe you’ve been putting off some of the planning that you’ve been doing again this is something that can help put you on a good track towards making you better well informed about getting retirement planning done

As found on Youtube

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How To Retire Early? (Young And Rich: Is It Possible?)

Hey, what’s up? John Sonmez here from Tired of pushy recruiters sending you LinkedIn requests for jobs you have no interest in? Tired of blasting out resumes into the dark? If so, you should check out flips job searching on its head by having top employers like Facebook come to you after you fill out one simple application. You also get your own job coach to help you on your next job search. If you haven’t checked it out, I highly recommend you at least fill out the application. Just go to When you get hired with Hired, you’ll get double the normal sign-on bonus for using that link. Today we’re going to be talking about real estate.

Yes. I have done some videos on real estate. Some of you are like, “What the heck? Why is this guy talking about real estate?” Well, I’ve done fairly well in the real estate realm. If you’re interested, you can always check out my playlist on real estate investment and investment in general. I’m not going to go into all the details here, but occasionally I like to answer a few real estate questions on this channel. I got one here from Jonathan and he says, “I’m 21 and set a goal that I want to retire by 40 to 45.” Cool. “With 20K of passive rental property income.” Man, that’s awesome. I like that. I love that goal. That’s a good goal. “Currently saving money to buy my first property and hopefully, when I get a web development job I can speed up the process. My question is how do I plan for this goal?” This is good.

So, 21, Jonathan is 21 and he’s thinking this way and he’s got this plan by 40 to 45 to make 20K of passive income from rental properties. I love this. This is great. “Thanks for everything you do and have a beautiful day.” I am having a beautiful day. Thank you, Jonathan. “P.S. I was thinking of buying a duplex and live in one and I rent out the other one so basically the tenant pays my mortgage.” So, okay, there’s a lot of ways to approach this. I think Jonathan has got his head screwed on right. Well, I’ll start with the last, the P.S. of renting out a duplex and living in one side. I think that’s a great idea. This is a fantastic thing. More people should do this. A lot of you young people out there that are thinking about renting or buying a house, consider buying a duplex and renting out one side and if you find the right deal which—it’s out there, you could actually have the renters pay your rent.

You see what I’m saying? You could actually live for totally free by having a duplex and renting out one side. I’m not going to say it’s going to be super easy. I’m not going to say that those deals are everywhere. It depends on where you’re at. You’re not going to find that deal in California or New York, San Francisco, not going to happen, but if you’re in the Midwest you might be able to find that deal. I’ve seen it before. I think that’s a great idea, but let’s talk about the plan. 21, you want to retire by 40 to 45. You want to get 20K of passive real estate income. It’s not going to be easy, but it’s certainly doable. What you need to do is you need to calculate backwards where you need to be and have a real solid plan for this.

I can give you a general outline, but I haven’t run the numbers so I can’t tell you exactly. There are going to be some factors in here, but you actually need to take a spreadsheet and actually need to calculate this and figure this out. It’s going to be fairly complex, but you don’t have to be super detailed. You can kind of ballpark this, but you do need a spreadsheet. You can get some rough answers here, but calculate this out, 20K of passive income from real estate. Let’s say 45. What does your gross need to be? You’re going to have expenses, you’re going to have rents, I mean you’re going to have property management, you’re going to have a bunch of things here. That can give you an idea of what kind of wrench you need to be pulling in. It’s not going to be a 20K wrench, you’re not just getting 20K. It might be like 30 or 40K a month of rents. In order to get 40K a month of rent how many properties do you need and how much will those properties cost? How can you divide that over time and put inflation into the equation a little bit here over that period of time? Work backwards and make a spreadsheet and run some scenarios.

This is going to take time and some planning. Like I said, you can rough ballpark it. If I were just going to give you what I think would probably work for you, it also depends on how big your budget is. How much money are you investing every year? How much money do you have to invest every year. If you can put 10K down onto a rental property every year that’s different than, “Hey, I’ve got 50K to invest in real estate every year.” That’s different. Or 100K. Those are all different scenarios. What you’re planning based on your current scenario might—there may not be—there might be this gap and you might be like, “Well, how do I get there?” It might not be apparent.

You might have to do some other things. You might need to make more money in your job or start a side business in order to fuel that. I had to do that to reach some of my real estate goals. Think about that and calculate that out. I’ll give you kind of a rough timeline, a rough plan that I would have if I were you which would be something like—and this was the plan I initially developed when I was doing this which would be to buy one property every year, regardless. The nice thing I like about this plan is that it’s scalable.

The size of the property depends—is dependent upon how much money that you have in that year. When I first started in real estate investment when I was close to your age, I think I bought my first house at 19, but I really started doing investments around 21 and started this plan of buying one house per year. I think the first house that I bought I was able to put $10,000 down. It was like a $100,000 house or $120,000 house. The next year it was probably about the same and then probably like the third or fourth year I had more money. I was able to put $20,000 or $30,000 down. I got to the point where I was buying properties and I was putting about $20, $30, $40,000 down every year on a property when I buy it. Some of that was because of the real estate that I was already making me money. Some of it was because I was making more money in my job and I had businesses and side things going on which helped me to do that. That’s the kind of plan that I would—it’s not going to happen magically. I think that’s the key thing. You actually have to have a solid plan for this and you can run these numbers and calculate this out.

There’s actually a really good book that I recommend called The Millionaire Real Estate Investor. I think that’s by Garry Keller, the founder of Keller Williams if I recall correctly. I don’t recommend very many real estate books, simply because a lot of them are crap. The reason why I’m really going to recommend that book to you is because it has these charts that show you—it gives you a realistic expectation over 20 years what the value of a property is likely to be, how much money you’re likely to make from it, cashflow and all that. Again, it’s as complex equation. You’re not going to be able to nail this down perfectly, but at least if you run the numbers and you do the best job that you can, you can have a ballpark idea and you can always adjust the plan. You’ve got to have—you’ve got to know where you are and where you need to go in order to reach these goals. I’ll also recommend for you—I have a course that I created called Simple Real Estate Investing for Software Developers.

You can check that out here. If you buy that course, obviously it has a money back guarantee on it, but that’s going to help you to give you the basics of everything I know about investing. Just to give you a background, I have about 26 rental properties. They are all paid off. I started investing when I was 19. I kind of know what I’m talking about here. I don’t give a lot of bull shit advice about this. I give you exactly—practical advice on how to get started and how to do this.

The reason why I created the course, even though it might not seem like it goes along with a lot of my other content, it was just simply because I was tired of so many people giving BS real estate advice and doing all these kind of scamming, no money down, speculative moves that just doesn’t make sense. You need some kind of practical advice so that’s what I put together there. Go check that out. This is good. I think you’ve got a good plan here. You just need to develop the plan further and it’s going to be very dependent on your individual factors and—I think you have information though to say, “Okay, can you do this in 45—by the time you’re 45?” absolutely! I believe that you can. It’s not going to be easy, it’s going to be hard to do. 20K is a pretty big number but it’s certainly possible, but you’re going to have to start moving now, which it seems like you’re going to do, and you have to have a plan and it’s going to take a lot of work and a lot of effort and you got to find good deals in order to be able to do this in that time frame.

All right, I hope that is helpful to you. If you have a question for me, you can email me at [email protected]. Don’t forget to click the subscribe button if you haven’t already. Click that Subscribe. Click the bell to make sure you don’t miss any videos especially if you like the real estate stuff because, hey, those videos might not show up and then you’d miss it and then you wouldn’t find out the secret to life and how to make millions of dollars. All right, I’ll talk to you next time. Take care .

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10 tips to ensure a successful retirement

Are you looking forward to retirement? Of course you are. Check out our top 10 tips to make sure you’re on track. The sooner you get started, the more likely you’ll have a happy and healthy retirement.

Tip one is to take stock. How do you want to live in retirement? Do you want to move to a new area? Do you want to do a bit of traveling? How much is it going to cost? How much do you have saved? Are you on track? If not, what are you? What are you going to do to get there?

Tip two: plan for the rest of your life. Most people are in retirement longer than they expected. While your health and family history will influence the length of your life, most people are living longer. In fact, you could easily live into your 90s. Plan for the long term, and don’t forget that you may need extra assistance as you get older.

Tip three: Review your investments. For your savings to last the rest of your life, you need to have the right mix of growth and defensive assets, and you also need to have something to bring in an income and also a bit of growth. Diversifying your assets across cash, fixed interest, shares, and property can help smooth the returns.

Tip four: Stick to your plan. Investments can quickly change in value, and while it’s tempting To sell out of shares when markets go south, this is often the worst thing that you can do. It’s important to remain focused on the long term as they usually recover if given a long enough period of time.

Tip five: Get the structure right. By changing the way you own investments and the way you receive income, you can reduce the amount of tax you pay and also increase the
amount of age pension or DVA pension you receive. Even if you aren’t If you are entitled to an age pension, you may be eligible for discounts, which can save you money over the long term.

Tip six: Get your affairs in order. Estate planning allows you to pass on the right assets to the right people at the right time. Unfortunately, we are all going to pass away at some point. The first step in a good estate plan is getting a will. You should also speak with your solicitor about an enduring power of attorney and an advanced medical directive. And remember to review your estate plan every few years as Circumstances change over time.

Tip seven: Stay fit and healthy. If you stay physically and mentally active, you’re more likely to enjoy a longer, healthier life. Take up a hobby, learn a new skill, or maybe volunteer in the community.

Tip eight. Rethink the move. Some retirees move to a new location that they’ve always wanted to retire in, but it hasn’t been measured. up to what they expected. If this is something you want to do, perhaps move there. temporarily, just to make sure it lives up to your expectations.

Tip nine: Review your investments. For your savings to last the rest of your life, you need to have the right mix of growth and defensive assets, and you also need to have something to bring in an income. and also a bit of growth. Diversifying your assets across cash, fixed interest, and shares and property can help smooth the returns.

Tip ten: Stick to your plan. Investments can quickly change in value, and while it’s tempting To sell out of shares when markets go south, this is often the worst thing that you can do. It’s important to remain focused on the long term as they usually recover if given a long enough period of time.

Tip eleven: Get the structure right. By changing the way you own investments and the way you receive income, you can reduce the amount of tax you pay and also increase the amount of age pension or DVA pension you receive. Even if you aren’t If you are entitled to an age pension, you may be eligible for a discount.

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Hollywood Lifestyle | My Trip to LA | Watch Your Style Does Beverly Hills, Rodeo Drive, and More!

So this is the second time that I’m out here in LA and let me tell you something, the first time that I came here, it was a little bit confusing because I felt like Hollywood had pulled a Hollywood on me. You’re used to seeing it on TV an you see it a certain way, you kind of perceive it as a certain type of look, but when you get there and you’re riding on the freeway from the airport, you’re kind of like, �This is it?� It kind of like took me the first couple of days to really understand it because it’s very spread out, not like Miami where I’m from where everything is more concentrated.

So for the first day, I was kind of let down, but then after the second and third day you kind of start getting the rhythm of things and realizing where all the dope stuff is and where everything really is in this place. Overall, I love LA. The views is sick man. When you’re in the Hills, I mean you kind have a lot more dimension to the view. There’s obviously different ones. There’s ones that overlook and you see like the whole see city and there’s other parts that see like the Hollywood sign. This particular view is nice. I mean, I got a little bit, but you got something, but overall, I think what I like better sometimes are the views of the other houses, the fact that you’re seeing the other houses up on the hill.

The particular location of this exact house is actually pretty cool. I mean, it’s got Runyon Canyon, the entrance is literally right there. Like it’s location, location. It’s actually perfect because it’s right next to Hollywood Boulevard and Sunset. I think it’s a perfect location overall. It’s very central. You can make it anywhere, clubs are not too far, Beverly Hills is right there. So it’s overall very central. So it’s pm. Just got ready. We’re gonna go to dinner first to have some sushi. And probably gonna go out tonight again, just for a little while. I mean, everything here in LA is actually very early.

So that’s a little bit of a change considering that I’m used to Miami where we kind of have dinner at 11:30, but here the clubs close at am. We’re gonna go out for a little while. I got things to do tomorrow, but overall I’m just really happy with the turnout of this actual house. I mean, Jesus Christ, shout out to Airbnb.

The first time I get something on Airbnb by the way. I thought it was a little bit sketchy. I don’t know. I just never done it before, but actually they came through and the house is really nice. It has…this is nothing I can complain about with this house. I see a lot more watches in Miami than in LA. I just haven’t seen as much concentration of Rolex and high end luxury watches as I would usually see in Miami. I just feel like here…I don’t know, maybe they just spread out more, you know, the city is more spread out, but I haven’t seen too many like high end luxury watches.

I mean, I walked into the boutiques over there in Rodeo and I kind of felt like the stock was so limited that it was like just women’s watches and ugly watches that nobody wants to buy. Alright, so I’m rocking tonight the Patek 5980, full rose gold. You know, something clean. I mean, I’ve seen believe it or not a couple of bust-downs last night. Last night I saw Playboi Carti with a bust-downs skeleton. I mean, it’s not my style but it looked hot.

Bryan, what are you wearing tonight. >> BRYAN: Tonight I’ll be wearing the all-gold Sky, chocolate dial. >> ERIC: Is a good one, I mean, one of my personal favorites. One of the things that I’m looking forward to doing in this trip is tomorrow is Saturday mid-day we’re gonna go to lunch at Nobu. Everybody tells me it’s a must do. Let’s see what the hype is all about.

I’ll be the judge of that. So I’m still looking for watches man. I haven’t seen any to tell you the truth. I’ve been out here there. This one watch that for one second at Starbucks I thought I had actually seen a guy with a good watch and then I realized it was actually a fake 5980. The sub-dial was actually silver and only the one on the leather strap has that, so. I don’t know man, every time I go somewhere and I travel I always try to do some type of like watch spotting. I’m always trying to see like if people are wearing watches or what type of caliber of watches, and obviously I mean LA has a lot of money, so there’s obviously a lot of watches. I just haven’t ran into them yet. Only thing I’ve ran into so far is a fake 5980 rose gold.

I’m here in Rodeo Drive. This is kind of what the Miami Design District aspires to be and I think at some point it will get there, but for right now it’s in the early beginning. I mean there just pretty much is anything in luxury brands here. It’s got everything, all the luxury good stores are here. I don’t know if it’s just me, but like one thing that I notice maybe it’s just the timing or I don’t know, maybe it’s just the timing or the day, but I noticed that in, for example, Miami, Bal Harbour and in the Design District there’s a lot more exotic cars, whereas here, I don’t know, I mean maybe it’s like I said.

It could be maybe just timing or placement, but I feel like in Miami there’s just a lot more, shiny and exotic cars everywhere around these areas. Alright so we’re out here in Venice Beach California. Actually, the first time that I came to LA I was out here, but I didn’t have enough time to actually walk the beach and we’re here at the famous Muscle Beach in the whole strip and let me tell you, it has like a Wynwood vibe.

It’s kind of just like Wynwood in Miami, but like on the water. Same thing, same chill vibe, a lot of hipsters, very laid back. So let me tell you something that I’ve noticed about California. There is some characters out here man! I mean, I know we got some weirdos over there in Miami, but let me tell you something, it’s like extra, extra, extra special people watching over here. I mean, I have not been bored a single moment in the people watching department while I’ve been on the West Coast trip. I mean, it’s unbelievable the things you see. Yeah Santa Monica here is nice man. It’s for sight seeing it’s perfect. Venice was intense though. Did you see that? >> BRYAN: Most people that I’ve ever seen together in my life.

>> ERIC: Whoa! Bro! That was intense. I haven’t seen that many people in like a concentrated area. It was like, it was crazy man! And like talk about the characters. What was up with that like sorcerer looking situation. >> BRYAN: A sorcerer in a Speedo. >> ERIC: I don’t know if it was horns or if there was like his hair was like gelled out, but it was crazy bro! The last three days in L.A. have been very productive. I got to see an important client of mine while I was here. I did a little bit of partying at nighttime. Went to a few clubs. I also got explore places that I didn’t get to go to the first time around and now I have more of a better idea of what Los Angeles is like. What’s my favorite part? I mean, look, it’s all very nice, but I would say that my favorite part of LA is gonna be either Hollywood, the whole Hills area, all of that is probably my favorite and Santa Monica, where I’m at right now.

I mean, Santa Monica is so nice man, super cool. I mean the weather is unbelievable. I feel like I’ve been in the sun all three days and I haven’t broken a sweat once. That’s the one factor that I can’t take that back home to Miami. The weather in Miami is humid and hot, whereas here it’s just cool and dry and that’s the one thing that’s gonna stick with me to the end. So one thing about the watch game in LA. I mean, there’s definitely, obviously some heavy, heavy hitters and they’re all over the place, but I guess I just didn’t see as many watches as you see in Miami. There’s just a lot more concentrated amounts of people wearing high end, luxury watches in Miami as opposed to California.

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