Dave Ramsey is fantastic if you are needing some
simple financial help to get out of debt maybe you've been irresponsible with your money you've
racked up toxic Consumer Debt and you're looking to implement some basic strategies to eliminate
that debt and to create new habits for yourself when it comes to your money Dave has impacted
millions of people when it comes to getting out of debt when it comes to understanding money on a
very basic level uh in a better way the challenge is what has happened is Dave has helped millions
of people get out of debt and in that process he's built a lot of trust up with that people and so
then therefore they start listening to him for retirement advice for planning for the retirement
future and in this video what I'm going to do is I'm going to cover the flaw the major flaw that
is in Dave Ramsey's retirement strategies I'm not gonna argue whether he's right or wrong
about returns but I am going to point out the massive flaw that most people are missing that
he never talks about can't wait to get into it if you haven't already make sure you subscribe and
hit the Bell that way you're notified every time I launch a new video Let's Go hey what's going
on cash flow hackers it's Chris with life 180. if you've been watching this channel a while you
know how I feel about Dave Ramsey um but I want to kind of take the conversation about Dave to
a little bit of a different level in this video um here's the deal Dave is really good when it
helps you when it comes to helping you get out of debt but his advice on retirement planning
is is absolutely in my opinion atrocious one of the biggest challenges that I have about Dave and
his strategies is that he's been singing the same song for 30 years right he has not changed his
philosophies his strategies he hasn't really even changed the numbers that he uses when it comes to
retirement planning and the expectations that you should have around your entire your retirement
planning even though the economic environment has changed metamorphically right so if you
understand that there are variables that impact your money and impact what you can expect in
retirement you have to understand that there are no simple rules that Dave tries to tell you like
Dave tries to tell you to follow to execute now I will say um that you know the advice Dave gives
is like it's better than nothing like that I will say it's better than doing nothing and it's better
than what most people do but I also believe that it's it's a problem that if you follow his advice
expecting a certain result and then you get to the end of the rainbow and there's no pot of gold and
you're actually not anywhere near you where you thought you'd be that's going to be a problem once
again we're not talking about the debt elimination stuff we're talking about which by the way is a
phenomenal thing to understand that and get out of debt like so from that perspective I applaud
him now moving forward when we're talking about wealth creation that's where he falls down when
it comes to retirement planning what I did is I built a spreadsheet because I think numbers say
a million words spreadsheet you know we can go through this and what I'm going to do is I'm going
to share this so here's what I wanted to do here I wanted to take a look at a household income
of about a hundred thousand dollars in today's money I want to save 15 of that income annually
I'm going to assume an expected return of 10 per year okay so what this does is like Dave is going
to sit here and talk about the fact that you need to save money based on retirement you need to to
Target retirement account values based on your hundred thousand dollars a year of income the
challenge is Dave doesn't take into this into account when he's ever talking about it I don't
know why either I don't know why if he if he thinks people just aren't smart enough to figure
it out but to me this is just basic Financial stuff that you need to know the understanding
of you need to understand to be able to make an educated decision if you don't understand how in
inflation impacts your financial needs long term you're never going to be able to make a good
financial decision and especially that we're in this environment right now where inflation is
4.9 percent last year it was over nine percent long term since 1971 inflation has been over
four percent actually nearing four and a half percent so like from that perspective looking at
it from a long-term historical average this 4.9 inflation environment that we're in right now that
everybody's freaking out about is not even high it's just a little bit above average now a lot of
people would argue that inflation is actually way worse than what we're talking about right now
because the actual impact on the calculation of inflation uh the the impact is is much greater and
worse on individual households uh than what the calculation says because they've actually changed
the calculation over the past 40 years on how they determine the inflation numbers which to me is
Criminal on its own but here's the deal we have uh we have the hundred thousand dollars of income so
what I have over here is I have um the retirement account balance needed to live with a four percent
rule so if you don't know what the four percent rule is it's the rule of thumb that says you can
distribute four percent of your retirement account value and not run a significant risk of running
out of money during your lifetime so that is like the safe distribution calculation expectation so
what this is showing is that if you had a hundred thousand dollars of income you need 2.6 million
dollars um actually it's a hundred four thousand I didn't do it for year one if you get to year two
and um you know your real need on four percent inflation is going to be a hundred four thousand
because your cost of living with inflation going up it means you're going to need more money
it needs your hundred four thousand dollars next year with four percent inflation is gonna
feel like a hundred thousand dollars of income Fields today the challenge is household income
historically is only going up in about three percent so it's lagging actual inflation and this
is why the middle class and the poor are getting poor and there's this growing divide between the
wealthy and the middle class it's not so much other economic policies even though that has a
play with it long-term inflation is the greatest tax that is hidden to the American population and
it has a hugely negative impact uh on the middle class and lower class the most right so ultimately
this column is what I would call your freedom number your freedom number is simply the amount
of money that you need in an account to be able to retire to be able to be completely financially
free and so right now use using traditional four percent rule methodology and now I'm not taking
into account Social Security or pension or anything of that nature so if in fact you did
have a pension if in fact you want to lean on social security for any reason you'd have to look
at your calculation and reduce those off of this number and then you divide that by four percent
and that will give you uh this number so if you said let's say you had fifty four thousand dollars
of pension and social security you'd subtract that out that'd be fifty thousand divided by uh divided
by the uh four percent and that would get you what your uh Freedom number would be it would tell you
how much money you need in that account to be able to kick off passive income for you for the rest
of your life now here's the challenge as I said household income is only going up at three percent
and Dave is saying hey you need to save 15 even if we earn 10 which is by the way wildly unrealistic
right I'm showing this at at 10 and it shows you at 6.561 million here but really that's because
of the fact that it's assuming that you're going to have a 281 thousand dollar uh need for annual
income now here's the deal your income is going up at three percent per year that 283 35 years
from now because I'm assuming it's a 35 year old retiring at 65.
Dave doesn't talk about the fact
that if you earn 100 Grand right now you're going to need 281 to be able to maintain your standard
of living that's not 281 000 in today's money that's 281 000 in future money right I just did
a video the other day talking about uh inflation and the inflation crisis and ultimately how that's
going to impact you um and and how that's like the history of this inflation and and where it looks
what it looks like moving forward into the future um but this 281 by the way is assuming only
a three percent increase at a four percent historical average of inflation if we look at
it that way you're going to actually need 394 000 and if you back that out you're going to need
9 million 865 000 and the problem is all of your Social Security cost of living adjustments cost
of living increases they don't keep up with the actual rate of inflation so the need for you
to take more responsibility for your retirement planning is becoming greater and greater and
greater and as as inflation keeps going up this is a way if you think about it from a social security
perspective this is a way that the government's able to kind of save Social Security if they
can inflate the currency of four percent and devalue the currency but then only give you cost
of living adjustments at two percent that means they're recapturing that money and saving the
program simply by the way they're doing that but ultimately they're stealing that money from you
through a hidden tax the problem is Dave doesn't talk about all this and what he does is he talks
about your need for this money he talks about saving a million dollars and I got news for you
you could save three million dollars and if you get to uh retirement and you have three million
dollars but you need to live on 281 000 a year you are going to be up the creek without a paddle
you're not going to be prepared and you're not going to be in a position um you know ultimately
where you're you know going to be able to uh have a a solid situation you know that's that's
really what it comes down to you're not going to have any kind of predictable income you're not
going to have any stability uh you know and you're ultimately going to have a lot of risk especially
when it comes to Market risk sequence of return risk and and just Market volatility risk when
it comes to your retirement if you if you follow his plan you're going to be under saved when it
comes to retirement simply because you didn't give enough credibility to the impact that inflation
is going to have on your future needs because think about it this way everything I just showed
you was a 10 assumption I could show you a lot of ways that 10 is completely unrealistic especially
when you talk about actual real returns I would say six to eight percent is is the more realistic
expectation and even then there's some risk involved right so if we if we back that out what
what that would look like at even eight percent which is I think the more I guess traditional
method that most financial advisors would say you could get from a long-term perspective if
you look at eight percent you're only going to have just over four million dollars that's about
at retirement 35 years from now for a 30 year old right when you hit 65 so in that scenario you're
still looking at only accumulating about half of the money that you're going to need just to
maintain your standard of living I don't care how much you have in Social Security or pension
it's probably not going to make up that Gap and you're going to have to take a reduction in
standard of living even if you follow his advice and have no car payment and have no mortgage or
anything like that it that that doesn't matter that that's not gonna make up for the Gap that in
inflation has caused for a problem for you and so that's something that you need to consider so my
encouragement to you is to go through your plan figure out what inflation is going to do to your
retirement planning needs and if you want help with this I've got a team I've got a certified
financial planner on the team that's happy to walk through this give you a consultation walk through
your needs walk through your current plan and and give you an analysis and an evaluation on what you
need to do moving forward to reach your goals on a predictable basis one of the things I always
ask I always ask people four questions first and foremost doing what you're currently doing do you
know what rate of return your money needs to earn to be able to retire when you want and guarantee
your standard of living for the rest of your life if you don't know the answer to that question then
everything else is going to blow up you can't plan accordingly if you don't know the answer to
that question second question is if you if you don't know that number the question is do you know
how much more money you have to save to be able to retire at your desired standard of living and
be able to retire when you want and if you don't know the answer to that which most people don't
I've literally met one person in my life that actually knew those numbers ahead of time then
you start backing it out and go okay how much longer are you going to have to work if you get
to retirement age and you haven't met that and you still need to work well a lot of people they have
to work an extra decade just to make it make ends meet right people are thinking they're going to be
able to retire at 65 but they have to work till 75 or 77 or 78 it's it's really just a sad situation
but then the challenges our health a lot of times sometimes sadly unfortunately fails on us we don't
when you hit 65 there's no there's no promises there's no guarantees heck there's no guarantees
anyway but especially when you hit 65 our health starts to fail like and for most Americans most
people in this world Health starts to decline at least and there's start to be different needs our
bodies break down maybe your body isn't going to be as capable of doing the job that you did for
all those years to earn your income and so now you have to start being like even if I wanted to
keep working what is my real earning potential am I really going to keep being able to do that or
if I get sick what kind of reduction in standard of living am I going to have to take just to be
able to last the rest of my life and not run out of money right and so these are the things that
you need to consider if you haven't already like I would encourage you to really do a deep dive
because my favorite favorite quote in the world I think and it's kind of tongue-in-cheek but just
because the ostrich buries his head in the sand doesn't mean the Lion's Den or plans have changed
right this this is your problem this retirement thing is a real problem it's a it's a thing that
you need to figure out a solution to and you need to create a plan for as good as Dave is at helping
you get out of debt he's not great at helping you plan for your future um and and his his
information while it seems great because it's kind of geared towards the masses it's actually in my
opinion it's it's super detrimental to most people that are listening to them because you're going to
get to the end of the rainbow there's a going to be no pot of gold you're going to find out you got
to work longer if you're healthy enough to do so or you're going to have to reduce your standard
of living because you didn't take some of these variables into consideration so anyway hopefully
you found value in that if you did please like it share it get it out there to people subscribe
hit the Bell that way you're notified every time I launch a new video until next time have a
blessed inspirational day we'll talk soon see you
If you want to sit back on your backside and
moan about the nine to five job that you've got carry on. 66 grand over seven years
that's more than tripling your cash good deal how many Bazoomers have you just put
in your pocket. Further profit of 78 thousand nine hundred and eighty two pounds BOOM! Hello there and welcome to this week's edition
of money matters because after all money does matter! How would you like to discover as we
go through this video together, how you can make a hundred thousand pounds in just one deal? So we'll
go through the amount of money you would need what guarantees you've got but the thing that
i'm talking about this week is rent to buy. I think this is the most little known and best
kept secret in the property industry there's so many challenges out there for both tenants and
landlords and very often it's tenants against landlords one get set against the other so let
me just give you an example of what i'm talking about.
Especially during pandemic and you know
lockdowns everything else people really struggled and i get that i'm very very sympathetic as a
landlord to tenants problem but if a tenant gets to the point where they can't pay in a normal
world. In my world, what i think would be a good solution would be the tenant goes to see
the landlord they have a discussion they agree you know a payment plan or give it so many months
or whatever, but at some point decent human beings don't want to freeload on other people so they
would agree right well can you give me a month i'm trying my hardest, i'm going to get another
job or whatever or my mum's going to lend me some money or whatever it might be and i'll get you
your rent one way or another. But tell you what, if i can't do that a month from now i'll just
move out. Now that in my world that would be a normal good conversation and i'll tell
you why that conversation doesn't happen, because if a tenant did that according to
the rules according to the legal system according to the benefit system they'd have
just made themselves voluntarily homeless. Now that to me is completely absurd they didn't
get themselves made redundant on purpose they didn't want to not pay the rent but if you speak
to shelter or if you speak to the local council they will tell you stay there until that landlord
evicts you because only then will be you'll be entitled to benefits.
So for me that is complete
and utterly mad but that is the fundamental reason why landlords and tenants are at loggerheads. If
you said to a tenant what's your biggest problem they'd probably say the landlord and if you said
to the landlord what's your biggest problem they'd probably save the tenant but it's because of the
system. So how about we change the system so here is the new system the rent to buy system instead
of renting it to a regular tenant you actually rent it to a tenant who's got aspirations of
owning their own home and they enter into a contract with you for seven years and i'll explain
why seven years shortly and they pay a normal rent over that seven years but also during that seven
years they pay a little bit extra every month. It's called, we call it a top-up that goes into a
separate client account so you the landlord can't touch it but over the seven years they save up a
ten percent deposit and they then buy the house or flat from you and the figure we use for the
annual increase is the Rich's royal institute charts fairs recommended an average which is
four percent each year they're in the property the property goes up in value normally and over
a seven year period it's probably going to go up by four percent compounded seven times which is
roughly 31 so it's almost a third so if you had a 300 000 pound house they would buy it from you for
roughly 400 000 pounds if you had 100 000 pound house it will be 130 000 pounds that is the core
that is the nuts and bolts of it but what we're going to do now is we're going to look at this
from everybody's perspective from the landlord's perspective from the tenant's perspective from the
estate agent's perspective because there's there's very very few estate agents in the in the whole
of the country that do this and i mean the whole of the uk when i say the whole of the country and
finally we're going to look at some actual numbers for a hundred thousand pound profit or just a
little bit over a hundred thousand pound profit from one property and i think you're going to like
it so strap yourself in enjoy the ride here we go down the ramp to buy roller coaster okay so let's
go look at this from a landlord's perspective i want to introduce you to a good friend of mine
this is Karen bock.
She inherited some money and she wanted to make sure that she made the
money work for her as opposed to her having to work for the money so listen in i think you're
going to like this. Hi i'm Karen and i'm here at touchstone today to go and view my first property
that i've bought and it's for a rent to buy and i'm really excited about going to see this one
now my mother died earlier on this year and when my sister and i inherited their property
which we sold for a substantial amount of money i needed something to be doing with the money
not just sticking at a bank and leaving it to rot so i'd often thought about doing property
and was talking to Gordie about sourcing the property for me which she did we went to look
at this property and i said yes straight away it was a lovely house three-bedroom property only
needs a tiny little bit of work doing to it which is a great thumbs up so i didn't have to do loads
of work put an offer in and they that offer was accepted and we're just waiting now for it all
to go through with this solicitors and everything massive wise to why i'm doing this which is my son
he's 16 and he's disabled he doesn't walk he never will walk and unfortunately i know our care system
so well that i know he'll always he doesn't ever want to be what i call a wage slave i don't want
him to be a wage slave either don't fall on these.
I prefer to buy to let because once i've bought
once i've put the people in who are going to rent it it's basically their home so they will
eventually own it i don't need to do anything it takes out all the hassle of having a buy to let
of thinking oh if they broke a tap or i've got to come and fix and break tire i've got to find a
plumber no it's their problem not mine so they pay a normal rent and a top up which goes towards it's
paid them deposit for their mortgage if they walk away from that that's that one is mine plus the
fact if they default on their rent i've got top up i can take that money the rent money from them so
it's a no-brainer it's a win-win all the way down the line it's lovely i like it i think someone's
going to make somebody a really nice home really nice home it's such a lovely area as well
it's got everything shops around the corner nice small area activities for kids to do you know
so but i would say to anybody that is looking to do something with money if they have to
come into money don't just stick it in a bank make it work for you go and get a look go and have
a go and you meet so many nice people they're all on the same wavelength as you you don't get looked
at like an idiot what are you buying property for first oh no buy property it's you know why not
it's there to be had if you want to sit back on your backside and learn about the nine to five
job that you've got carry on because i want out of mine okay so how about that what do you think
to Karen and her journey that's exciting stuff isn't it so there's the landlord let's now go and
meet a lovely couple with some lovely children uh so let's go and hear from lee and Ashlynn of some
rent by tenants but Gordie and myself we took him a little bottle of champagne say welcome to your
new home and this is what they had to say about rent to buy hello and welcome to Rossington so the
two of us have come out to welcome a new tenant who just moved in here yesterday wow they got
this lovely new home and they've agreed to talk to us about what differences made to them i'm
looking forward to it and to welcome them to their new home because they will be buying this
see you inside i'd like to introduce you to lee and Ashlynn so you've got you've got three lovely
baby and you've got a fourth one on the way yes feels amazing yeah yeah process was fairly
easy right yeah it's been really easy the only stressful part was moving well yeah what's
this little one called angelica angelica you're here you're looking good now yeah yeah
does it feel like a family home yet already yes just after like one night i think
it's because we all muddled in we all pitched in and we all did a bit even
the kids what's the last few years.
Yeah it's always been down to landlords selling
houses from underneath yeah but well you've given us an opportunity but i love doing this i
love doing the we call it going to buy yeah rent i think that was our issue having just put a bit
of money aside as well as paying the rent and the bills at least this way it's all done in one
move and you don't miss it because it's not there we're not very good savers are we if we do
save it's like something breaks down or the kids need someone needs to pay for school trip
or whatever so you're dipping in and dipping in so somebody out there watching this that fancy
the idea breaks by what advice would you give them do it do it do it yeah i think that's
it that's as simple as that just what a fabulous family i mean they were so
delighted to be in that house and uh you didn't see in the video but they actually had a couple
of dogs as well so there are all sorts of issues with with previous tenancies that rent buy just
ticks all of their boxes next up in this quickfire series through what is rent to buy let's go meet
the agent so let's go meet my friend business partner gordy duffield and let's find out what
kind of properties do you need special mortgages paperwork you know all that stuff over to gauri
okay so i would like to introduce you to my good friend and business partner gordy very good
very good so gaudy you run diamond estates yeah and one of the parts of diamond states is rent to
buy why do you think rent to buy is a good thing for land or dental okay i think in property what
we've seen over the years is tenants v landlords it's always been in tennessee landlords send a few
landlords and i truly believe this is a complete win-win for both parties is there anything wrong
with us making money and helping other people no i don't believe so so i think the big thing is for
rent to buy for landlords is to secure income for a many periods of years and for the tenants to get
an opportunity what they made never had before an opportunity to own their own home that's cool yeah
couldn't agree more if we're going to try and help both parties here so you know tenants landlords
they'll be watching this video so if a landlord wants to get into rent to buy yeah what sort of
what's the ideal property uh good question um i mean just to be clear we filled one bed flats we
filled seven bed houses we filled forty thousand pound house we filled one point two million pound
houses but i think the ideal property that we look at is a two three bedroom house um either a terra
seven detached or detached that's the kind of idea two three bed house does the garden matter um not
massively what we are seeing since the covered as gardens are becoming more popular uh what about
parking garages anything like that again doesn't really matter on street pack it's fine so what
you're really talking about these vast majority of properties are probably going to be suitable
correct but what i'm getting a feel for is that probably a studio flat is the least suitable yes
it's not somebody's forever home no no which parts of the country do you cover which parts of the
country don't we cover maybe one everywhere all over so top of scotland to the bottom of england
we've got stuff right up in neon which is stayed on vanessa and we've got stuff right down in
portsmouth um all right so almost anywhere in the uk or anywhere in the uk and the vast majority
types of property yeah what about from a tenant's perspective where do you find tenants from are
there many of them in fact let me change the question okay have you got more tenants or have
you got more property more tenants more tenants not how many more tenants thousands more
settlements so that there's thousands thousands of people that want to buy their own property
correct and when when people come through with diamond estates and say i've heard about this rent
to buy thing or whatever do they actually believe it or do they think what the hell is going on it
takes some convincing we had to really adjust this at the very start as well because we had to figure
out what they didn't understand about it but no i think uh once is explained clearly to them yep
they get it it's pretty simple you know it's pretty simple well it is essentially yeah rent for
the seven years save up a deposit and buy that's there has to be downsides what's the downside
here um downsides it's funny this because i don't know if i see this as the downside but if you're a
landlord and the property does increase more than what the pre-agreed price was um you'll lose out
on the money in the sale price but i always ask the question would you be happy with seven years
guaranteed right and an increase in 31.6 in seven years well the answer is yes yeah and so i don't
really see that as a downside but i suppose that is yeah i do get that i get that from property
investors because Warren Buffett obviously not really a property investor is a stocks & shares
investor but he says his favourite holding period is forever yeah and there's many landlords that
just don't like the idea of selling correct yeah but i get and i normally counter that by saying
well if you've if you've got one property and it goes up in value by thirty percent of seven years
you can take that the original equity you had in your original house you can take the sale price
yeah and you can turn one house into two typically so yeah what about from the tenants perspective i
mean i guess there will be downsides i mean i know one of our rented by tenants discovered um after
a couple of years that the property just wasn't right for them and they left yeah i think it's
something to do with the relationship or something yeah but they had to walk away from two years top
up money yeah that is the day downside people's circumstances do change uh and with regards to
the contract they are contractually obliged to stay there for the period of the rental term if
they leave early they lose their top up but that is fully explained to them beforehand they are
adults so they understand that when they're when they're moving in what i want to do is i just
want to ask you a dead simple question with one hundred thousand pound house you know around here
you can still buy a house hundred thousand pounds yeah with a hundred thousand pound house how
much money realistically do you think a landlord could earn over the seven year period from the
hundred thousand pound down towards what their total income stream is going to be if you take
a four percent average which is what we take and four percent times four percent
point four percent seven times uh works out at thirty one point something percent
so let's call it yeah thirty one percent yep thirty one percent on a hundred thousand pound
house is obviously thirty one thousand pounds yeah so that's your capital increase what's the monthly
rent on this one you're talking about um it sets 600 pounds per month 600 600 a month so if we
then say that all your bills and the mortgage and everything else it's not even going to be 200
credit but less than 200 so say 650 650 650.
So let's say 450 quid times 10 it's four and a
half thousand uh so that'll be 5 400. yeah so i reckon let's keep it simple make five five grand
a month on the rent five grand a year a month yeah that's gonna be 35 000 pounds rental profit
right and 31 000 pound capital profits it's a human calculator isn't he jesus he
said it was a simple question as well 66 grams here's the question landlords out there
oh potential androids out there would you be happy with sixty six thousand pound profit from one
hundred thousand pound house because if you're going to buy a hundred thousand pound house
you can still get eight percent buy more yeah so you'd have to come up with 20 grand yeah 100
so how about that everybody you put in 20 grand your 20 grand could be returned to you with an
extra 66 grand over seven years so that's more than tripling your cash good deal you might be
out there thinking jesus i've got some rent i've got some bicycle properties i want them to rent to
buy it or i'm going to go and buy something yeah what should they do give me a phone okay simply
so uh so here's the details for diamond is his phone number here's the website address so just
crack on and uh get all the goldie oh or one of the team yeah definitely i mean just a word of
warning it's absolutely fine speaking of gordy or diamond uh but there's actually very very few
agents that do this isn't there there's a couple agents to do we're by far the biggest and best
that do do so yeah so if you're interested you want to learn more crack on pick up the phone
send an email whatever thank you very much thank you take care thank you boom all right so
thank you gory that was fascinating wasn't it and something gory and i just checked with him
afterwards just to give bit extra information last week diamond estates took on 17 more rent to
buy properties and most of them are filled already so imagine if you'd you'd been that landlord
that gave diamond estates your property last week probably have a tenant in it already so 17
a week we're taking on at the moment there's a massive demand for this anyway enough of
the chit chat and meeting everyone let's go to the numbers room and crunch some numbers okay
so welcome to the numbers room this is the numbers board but before we get to that look at this
house so this is the house that i'm gonna use uh just walk through the numbers with you
on uh so this is um elm green um conisbourgh and it's a property i'll show you all figures
but it's a it's a three bed house that we're turning to a four bed house so as you've heard
three four bed detached houses with gardens absolutely ideal for rent to buy so let's get into
the numbers i want to give you the full numbers so this is actually a combination strategy that i'm
giving you now this is buy refurbish remortgage and then rent to buy on the end so quickly
we purchased this one for 163 thousand pounds that was purchase price on this one i had
to get all the the legals uh the refurb and everything else and i was putting it all in one
number the total total total was thirty five thousand pounds all up we're into this property
for what's that 188 thousand okay so that's the total cost of buying it next what's it worth
after the refurbs we've turned it from a three bed to a four bit we just rearranged some of the
walls upstairs it was actually quite cheap to do boom it goes and re-values at 250 000
pounds which is sweet now if you want to you can you can put 80 percent um vitamin mortgage
on that so 80 of that is 200 000 pounds still quite affordable mortgages but we've only spent
188 000 pounds so end of stage one we have got a house with none of our own money in it and 12
000 pounds catching happy days everyone happy with that so that is part one you the landlord
if it is you the landlord you've got a 250 000 pound house and that's the starting price
okay you've got 200 000 pound mortgage on it 250 so in addition to the money you've pulled out
you've also got 50 000 pounds of equity in the property so along comes a tenant buyer and says
i would like to rent that property for the short term and i would like to purchase it in the long
term and just to remind you the two main reasons why tenant buyers don't buy their own houses
straight off the bat is they've either got some sort of poor credit history uh CCJ something
like that and believe it or not 25 of the uk population is impacted by some sort of credit
issue 25 and the other main reason is they got a deposit so we need to look at two things how does
it impact what all the numbers for the tenants and what's the numbers to the landlord so first up
you've decided to sell it in seven years time so one two three four five six seven
years time and each year rick's rolling chief chart surveyor said you should assume
that house prices increased by four percent okay so the department of hard toms has
been hard at work and drumroll please here we go the sale price will be 328 982 pounds which is a profit a further profit
of 78 982 pounds boom but that's not the end of it that's just your capital profit on the sale of the
property and don't forget if you want to take 12 grand out so you haven't actually got any of your
own money in here so you've already got money out plus further capital profit seven years
time of three hundred and twenty eight thousand nine hundred and eighty two minus two
hundred and fifty thousand pounds seventy eight thousand nine hundred and eighty two pounds
happy days you know i said that's not all of it that's just the capital profit well let's add
the rent shall we so let's move our money up here boom still makes me happy every time i see that
and now let's add the rent profit the rent for this particular house in this particular
area is one thousand one hundred pounds per month we're going to look at two separate
things now we're gonna look at what do you the landlord make money-wise out of it and what
does it actually cost the tenant to buy it okay so let's do the what do you make out of it
first in fact no let's have a look at how much does the tenant actually pay for us because
that's nice and easy they pay the 1100 per month but they also need a top up the top hub goes
towards the deposit so they can buy it so they need to have a 10 deposit so they can buy the
property in seven years time to be safe let's round that up to 330 000 so they need a 33 000
pound deposit we can divide that by 84.
Why 84 well that's seven years times 12 months so if they
contribute in monthly in even amounts it's that figure divided by 84 so get the trusty calculator
out 392 pounds and 85 pence so let's round it up to that the top up will be 300 and let's call it
395 because you don't want a silly figure like 392 pounds and 86 pence or at least i wouldn't on
top of their uh rent money of 1100 they're paying roughly an extra 400 a month and in seven years
time they've got 33 000 pounds because this top up doesn't actually go into your bank account
because that wouldn't be right or fair or ethical actually goes into a client account which means
unless they breach their terms and conditions or don't pay the mortgage or something you can't
touch it so as long as they honour their side of the contract you've got on your side of the
contract and they get 33 000 pounds cash back at the end of the seven year period they take
that and then they go and buy the house okay so hope that's nice and clear so let's wipe that
slate clean shall we what do you the landlord get because i said right beginning of this you can
make more than a hundred grand in one div you've got to ignore the top-up because that's not your
money unless they mess you about so you're getting 1100 a month now we said didn't we on this one
that it was a 200 000 pound mortgage so what's the interest payment our 200 pound mortgage well
interest only is normal for buy to let so we've got 200 000 like that and i'm going to say we
said this was an 80 mortgage so i've actually looked just before i recorded this at yeah these
sort of price comparison websites for mortgages and it was just a little bit less than
but i'm going to call it four percent 200 000 times four percent is eight thousand
pounds a year so if we divide that by 12 that is oh that's a scary number that's the number
of the beast look at that this is the beast of a project 666.
666. do i need a cross or something
when i write that number down is it scary isn't it so that's your mortgage what else do you
need to pay well uh you need to pay insurance and landlord insurance you know building insurance
is probably going to be about 20 quid something like that so let's just make it a national number
if i put 24 there that's going to round it up and what other costs have you got well here's the
great bit yeah normally i'd be saying oh you need to put aside 20 for you know voids and maintenance
and all that but you don't because it's a rent to buy so all the money you would normally have
to spend on the property you know paint it fix the boiler if it breaks all that stuff well the
tenants doing that because that it's their home or it will be in seven years time oh it's their
home now for goodness sake because this that's what the contract says it's binding as long
as they do what they say they're going to do so 24 quid for insurance now because
rent to buys are so simple to manage many people would manage it themselves but let's
say worst case you actually employed an agent to do it you negotiate with the agent you said i'll
pay you 10 to normal rate but it's so easy bloody bloody blah so let's call it 100 pounds so this
is for the letting agent yeah you know for letting fees let's add all that up 790 pounds so your
total costs are 790 pounds so your profit per month you've got your 1100 pounds we need to take
off 790 pounds which makes 310 pounds per month profit what i now need to do to get to my seven
years profit is very very simple i need to take my 310 pounds multiply it by 84 which is 7 years
and 12 months which gives me a further 26 and 40 pounds now let's go for the grand total shall we
are you ready for the big reveal the grand total how many Bazoomers have you just put in your
pocket how much extra cash have you got on your hip will your trousers fall down these are all
important questions to ask because look at this boom grand total 105 022 of your english
pounds well British pounds actually so just to go through that slowly
so we all explain all you understand so we started off at 250 000 pounds didn't we so
it's not fair you actually get 50 000 pounds cash more than this but you could have sold it at the
start for 250 000 pounds couldn't you so we're talking about extra profit from rent to buy the
fair way to do it is not to deduct the mortgage but to deduct the start value so we've agreed the
sale price with the tenant 328 982 pounds that's four percent four percent four percent seven
times the start value was a quarter million so the extra money you've made because of rent to
buy is 78 982 so it's just that take away that and then we said per month you make 310 pound
profit well if you do that for 7 years 12 months in a year obviously that's where the 26 040 comes
from add them together socks off go and catch your socks they're flying around the living room 105
022 pounds with zero aggravation because i've done about you many people i talk to a lot of people
that's what i do i'm a professional speaker i talk a lot of people tell me that time is the most
valuable asset they'll agree with yeah yeah yeah time's like a favourable asset pool and then they
want to micromanage everything i don't i want to put a tenant in send them a Christmas card every
year and then make 100 grand profit that is far far better for me than chasing tenant through the
courts renting arrears fixing things i'm making money i'm doing a really good thing because this
is a lovely family home and a lovely family will buy it in seven years time so it's a roof over
somebody's head that they otherwise wouldn't have and i'm making underground in the process
and okay i showed you an example here where we actually purchased the property we did it up
we turned it to a four bed house you don't need to do all that stuff you don't because you could
just go my kids by the way this is what they call it i'll just explain to you you could just go to
the house shop because if we buy so many houses jenny and judo youngsters they don't call it the
estate agent they call it the house shop so you could just go to the house shop don't do
anything clever don't do anything you know advanced that would need training just go and
buy a property for quarter of a million quid so yes you've got to put down 50 000 pounds but in
seven years time you've tripled it so instead of fifty grand you've now got 150 grand and
now instead of one house go and buy three just recycle that cash and buy three more anyway
let's wrap this up hope you like the number crunching room we'll be back here soon and that
my friends is how you make money with rent to buy Oh sorry i forgot that's worst case because that
assumes you don't put the rent up for seven years and that's quite unlikely isn't it but you'd agree
that at the start anyway speaking of up okay and that my friends is a wrap one project dead simple
hundred thousand pound profit if you like the idea of rent to buy and you haven't quite go go
watch it again with the best 15 minutes you ever invest in yourself let us know how we can help
you put your comments below make sure you have subscribed and put the notification bell on you've
been wonderful i've been Paul see you next week.
How can I replace $70,000 a year in annual income with rental properties that is the subject of today’s video hi everyone I’m Clayton Morris the president of Morris invest let’s dive into it so how do we replace seventy thousand dollars a year in annual income with passive income with rental property income from tenants every month providing cash flow from the properties that we own you might think that that sounds like a tall order but it’s not and I’m going to show you how simple it can be to actually replace that annual income you know a little story about me that’s in fact how I got started I was frustrated sitting down with my wife one night I said we were frustrated with our bills and I said how come at the end of the month where we still have more bills to pay and we don’t have enough paycheck to cover it aren’t we doing well what are we doing wrong the problem was that we weren’t putting the money to work for us to start creating cash flow in our lives and creating passive income so I put together and it was really the foundation of my freedom cheat sheet it’s the number that changed everything for me by the way that link you can download a free pdf it’s like three pages long sit down with your husband or wife and go through it totally free the link is right below this video and it’ll walk you through step by step with some numbers and figures on exactly how to figure out how many houses it will take for you to recover that annual income but I want to tackle the $70,000 question specifically most of the houses that I buy and that my company rehabs and sells are in that forty to forty five thousand dollar range okay single family homes two bedroom one bath three bedroom one bath and some duplexes okay duplexes or you know door on each side typically and two bedrooms on each side or three bedrooms on each side those are the types of properties that I buy now I buy them low and I fix them up and I place a great tenant in the property each of those properties will cashflow about $700 let’s just say for round number $700 okay now think about how much is $70,000 a year how much are you probably making per week well let’s bring out the calculator so $70,000 a year let’s divide that by 52 weeks that’s about thirteen hundred and forty six dollars a week that you are earning from your paycheck okay thirteen hundred and forty six dollars a week so now let’s figure out how many houses it would take us to replace seventy thousand dollars a year in passive income seventy thousand dollars right it’s a simple formula if each of our houses is bringing in seven hundred dollars a month that’s a simple formula right seven hundred times 12 gives us $8,400 okay now let’s take that 70 thousand dollars and let’s divide it by eighty four hundred that’s eight houses that is eight point three properties eight houses bringing in seven hundred dollars a month now imagine if you’re buying a forty thousand dollar house if you had to bring a little bit of money to put down as a down payment or deposit you were able to reach out and get private financing or seller financing on a property then you’re able to accrue these properties very quickly now some of the things I didn’t talk about in this video and I can dive a little deeper now that we always want to take out money for for vacancy and repairs on our numbers right so that eighty four hundred dollars a year let’s multiply that now times point six so we’re gonna remove forty percent for vacancy repairs and expenses this is just to be totally conservative with your numbers so let’s take that eighty four hundred dollars and let’s multiply that times point six so we’re bringing in about five thousand and forty dollars per property per year okay so now let’s take that five thousand and divide it by seventy thousand so this will be a totally conservative number but this will help us really make sure that we’re totally covered should something go wrong maybe we have a vacancy for a few weeks or a month or two in one of our properties this will take in that into account so seventy thousand dollars let’s divide that by five thousand forty that gives us thirteen point eight properties so let’s round that up fourteen properties fourteen properties would bring you about seventy thousand dollars a year in net income that would replace that $70,000 paycheck that you’re making every year then in other videos in this series I’m going to go through exactly how to find properties how to acquire properties but just for the sake of this video I wanted you to start to put your mind in a place where you can begin to reverse engineer that number for a lot of people you don’t think that you’re going to be able to create passive income or bring in that much cash every year hogwash I do it hundreds of thousands of other investors out there do it every day they do it exactly the way that I do it some buy residential properties some buy commercial properties it doesn’t matter it can be done that’s what I do I’m Clayton Morris
As found on YoutubeRead More
Dave Ramsey is wonderful if you are requiring some.
basic financial aid to leave financial obligation perhaps you'' ve been careless with your cash you''
ve. racked up harmful Consumer Financial debt and also you'' re looking to carry out some fundamental methods to remove.
that debt as well as to produce new behaviors for yourself when it pertains to your cash Dave has affected.
numerous people when it involves venturing out of debt when it comes to recognizing cash on a.
very standard level uh in a far better means the challenge is what has actually happened is Dave has aided millions.
of people leave financial debt and in that process he'' s built a whole lot of depend on up with that said individuals therefore.
then as a result they start listening to him for retirement advice for planning for the retirement.
future and in this video clip what I'' m going to do is I ' m going to cover the imperfection the significant flaw that.
remains in Dave Ramsey'' s retired life strategies I ' m not gon na argue whether he'' s appropriate or wrong.
concerning returns but I am mosting likely to mention the large flaw that most individuals are missing out on that.
he never ever talks regarding can'' t wait to enter into it if you sanctuary'' t already make certain you subscribe and.
hit the Bell this way you'' re informed every time I release a brand-new video clip Let'' s Go hi what ' s going. on cash money flow cyberpunks it'' s Chris with life 180. if you'' ve been viewing this channel a while you.
recognize exactly how I feel about Dave Ramsey however I desire to type of take the discussion concerning Dave to.
a bit of a different degree in this video um below'' s the bargain Dave is truly good when it. helps you when it concerns helping you get out of financial obligation yet his recommendations on retired life preparation.
is is definitely in my opinion shocking one of the greatest difficulties that I have regarding Dave and also.
his approaches is that he'' s been singing the same tune for 30 years right he has actually not changed his.
approaches his techniques he hasn'' t truly also transformed the numbers that he uses when it pertains to.
retirement planning and also the expectations that you ought to have around your whole your retirement.
preparing although the financial atmosphere has altered metamorphically right so if you.
understand that there are variables that affect your money and also influence what you can expect in.
retirement you need to recognize that there are no simple regulations that Dave tries to inform you like.
Dave tries to tell you to follow to perform currently I will certainly say that you understand the advice Dave provides.
is like it'' s much better than absolutely nothing like that I will certainly state it'' s better than not doing anything and it'' s better.
than what lots of people do yet I additionally think that it'' s it ' s an issue that if you follow his advice. expecting a particular result and after that you reach the end of the rainbow as well as there'' s no pot of gold and.
you'' re actually not anywhere near you where you believed you'' d be that ' s going to be an issue as soon as. once again we ' re not talking regarding the financial obligation elimination stuff we'' re speaking regarding which incidentally is a.
sensational thing to comprehend that as well as go out of financial debt thus from that point of view I applaud.
him currently moving on when we'' re chatting regarding wealth creation that'' s where he drops
when. it involves retirement planning what I did is I built a spread sheet since I assume numbers state.
a million words spread sheet you recognize we can go via this and what I'' m mosting likely to do is I ' m going.
to share this so below'' s what I intended to do here I wanted to take a look at a family revenue.
of about a hundred thousand dollars in today'' s money I intend to save 15 of that earnings annually.
I'' m mosting likely to presume an expected return of 10 per year all right so what this does resembles Dave is going.
to sit here as well as speak about the fact that you need to save money based on retired life you need to to.
Target pension values based on your hundred thousand bucks a year of income the.
difficulty is Dave doesn'' t take into this right into account'when he ' s ever before talking regarding'it I put on'' t. know why either I wear ' t recognize why if he if he believes people just aren ' t smart enough to number.
it out but to me this is simply basic Financial stuff that you need to know the understanding.
of you need to recognize to be able to make an educated decision if you don'' t recognize just how in.
inflation effects your monetary demands lengthy term you'' re never going to have the ability to make a great.
economic choice and also particularly that we'' re in this environment now where inflation is.
4.9 percent in 2015 it was over 9 percent long-term because 1971 inflation has actually mored than.
4 percent really nearing 4 and a fifty percent percent so like from that viewpoint looking at.
it from a long-lasting historical standard this 4.9 rising cost of living setting that we'' re in now that
. everyone ' s freaking out around is not even high it'' s just a little bit above average currently a great deal of.
people would certainly argue that rising cost of living is really way even worse than what we'' re speaking about today.
due to the fact that the real effect on the estimation of rising cost of living uh the the impact is is a lot higher as well as.
worse on specific houses uh than what the estimation claims because they'' ve in fact changed
. the computation over the previous 40 years on exactly how they identify the rising cost of living numbers which to me is.
Wrongdoer by itself yet here'' s the offer we have uh we have the hundred thousand dollars of revenue so. what I have more than here is I have um the retired life account balance required to live with a four percent.
guideline so if you wear'' t know what the 4 percent rule is it ' s the guideline that
claims you can. distribute 4 percent of your pension value as well as not run a significant risk of running.
out of money throughout your lifetime so that is like the safe distribution estimation expectation so.
what this is showing is that if you had a hundred thousand bucks of revenue you require 2.6 million.
bucks um in fact it'' s a hundred four thousand I didn'' t do it for year one if you get to year two.
as well as um you understand your real requirement on four percent inflation is mosting likely to be a hundred four thousand.
since your cost of dealing with rising cost of living going up it indicates you'' re going to require even more money. it needs your hundred 4 thousand bucks following year with four percent inflation is gon na. seem like a hundred thousand dollars of income Fields today the challenge is home income.
historically is only going up in concerning three percent so it'' s lagging actual rising cost of living and this.
is why the center class and also the bad are getting poor as well as there'' s this expanding divide between the.
well-off and also the middle course it'' s not so much other financial policies also though that has a.
have fun with it long-lasting rising cost of living is the best tax obligation that is hidden to the American populace and also.
it has a widely adverse influence uh on the middle course and lower class one of the most right so eventually.
this column is what I would certainly call your freedom number your flexibility number is just the amount.
of money that you require in an account to be able to retire to be able to be totally monetarily.
cost-free and so now make use of utilizing conventional four percent policy technique and currently I'' m not taking.
into account Social Protection or pension plan or anything of that nature so if in fact you did.
have a pension plan if actually you wish to lean on social safety and security for any factor you'' d need to look
. at your estimation and decrease those off of this number and afterwards you separate that by four percent.
which will give you uh this number so if you stated allow'' s say you had fifty 4 thousand dollars.
of pension plan and also social security you'' d subtract that out that'' d be fifty thousand divided by uh split. by the uh 4 percent which would get you what your uh Flexibility number would certainly be it would tell you.
just how much money you need in that account to be able to start passive income for you for the remainder.
of your life currently below'' s the challenge as I stated house revenue is just going up at 3 percent.
as well as Dave is saying hey you require to save 15 even if we earn 10 which is incidentally extremely unrealistic.
I'' m showing this at at 10 and it shows you at 6.561 million right here however actually that'' s because. of the truth that it ' s thinking that you'' re going to have a 281 thousand buck uh need for yearly.
revenue currently here'' s the deal your income is going up at 3 percent per year that 283 35 years.
from currently since I'' m thinking it ' s a 35 years of age
retiring at 65. Dave'doesn ' t talk about the reality. that if you make 100 Grand today you'' re mosting likely to require 281 to be able to preserve your standard.
of living that'' s not 281 000 in today ' s cash that'' s 281 000 in future cash right I simply did.
a video the other day speaking about uh rising cost of living and the inflation dilemma and also ultimately how that'' s. going to impact you um and and just how that'' s like the background of this inflation as well as and where it looks.
what it looks like relocating forward right into the future um but this 281 incidentally is presuming just.
a three percent boost at a 4 percent historical average of rising cost of living if we check out.
it that method you'' re going to in fact require 394 000 and also if you back that out you'' re going to need.
9 million 865 000 and the issue is every one of your Social Safety and security expense of living changes price.
of living boosts they wear'' t keep up with the real price of inflation so the demand for you.
to take even more responsibility for your retired life planning is becoming higher and greater and also.
higher and as as inflation maintains increasing this is a means if you consider it from a social safety.
point of view this is a way that the federal government'' s able to type of conserve Social Security if they.
can pump up the currency of four percent and decrease the value of the money but after that just offer you set you back.
of living modifications at two percent that implies they'' re recapturing that money and saving the.
program merely by the way they'' re doing that however eventually they'' re taking that cash from you.
with a covert tax obligation the trouble is Dave doesn'' t discuss all this and what he does is he talks.
regarding your need for this cash he discusses saving a million bucks and I got information for you.
you might save 3 million dollars and also if you get to uh retired life and also you have 3 million.
bucks however you need to reside on 281 000 a year you are going to be up the creek without a paddle.
you'' re not mosting likely to be prepared and also you ' re not going to be in a position um you understand eventually.
where you'' re you understand mosting likely to be able to uh have a a solid situation you recognize'that'' s that ' s. actually what it boils down to you ' re not mosting likely to have any kind of'sort of foreseeable earnings you ' re not. mosting likely to have any type of security uh you'recognize and also you ' re ultimately mosting likely to have a lot of threat specifically.
when it involves Market risk sequence of return risk and and simply Market volatility threat when.
it pertains to your retired life if you if you follow his strategy you'' re going to be under conserved when it.
pertains to retired life merely due to the fact that you didn'' t provide enough reliability to the impact that rising cost of living.
is going to have on your future requirements due to the fact that think of it this way every little thing I simply showed.
you was a 10 presumption I could reveal you a lot of methods that 10 is entirely impractical especially.
when you discuss actual genuine returns I would certainly claim six to 8 percent is is the a lot more reasonable.
assumption and also then there'' s some threat involved right so if we if we back that out what.
what that would certainly look like at even 8 percent which is I believe the more I presume traditional.
technique that a lot of financial experts would certainly claim you could obtain from a long-term perspective if.
you take a look at 8 percent you'' re just going to have just over four million dollars that'' s concerning. at retired life 35 years from currently for a 30 year old right when you struck 65 so because situation you''
re. still looking at just accumulating concerning fifty percent of the cash that you'' re going to need simply to. maintain your criterion of living I wear'' t treatment just how much you have in Social Safety and security or pension. it'' s possibly not mosting likely to make up that Gap and also you'' re mosting likely to need to take a decrease in. standard of living even if you follow his suggestions and also have no car payment and also have no home loan or.
anything like that it that that doesn'' t matter that that'' s not gon na make up for the Space that in.
inflation has caused for an issue for you therefore that'' s something that you require to consider so my.
motivation to you is to go with your plan identify what inflation is going to do to your.
retired life preparation demands and also if you desire help with this I'' ve obtained a team I ' ve obtained a certified. financial organizer on the group that'' s delighted to stroll with this give you a consultation stroll via.
your demands go through your current plan as well as and provide you an evaluation and an assessment on what you.
require to do moving onward to reach your objectives on a foreseeable basis among the things I always.
ask I always ask individuals 4 concerns initial and also leading doing what you'' re presently doing do you.
recognize what price of return your cash needs to gain to be able to retire when you desire and also assure.
your standard of living for the remainder of your life if you wear'' t know the solution to that inquiry after that.
whatever else is going to explode you can'' t plan as necessary if you put on'' t recognize the answer to. that concern second inquiry is if you if you put on'' t know that number the question is do you recognize.
just how much even more cash you have to conserve to be able to retire at your desired standard of life as well as.
have the ability to retire when you desire and also if you wear'' t know the solution to that which many people wear'' t. I ' ve actually satisfied one individual in my life that really understood those numbers in advance then.
you draw back it out as well as go fine just how much longer are you mosting likely to have to function if you obtain.
to old age and you sanctuary'' t satisfied that and you still require to function well a lot of individuals they have.
to work an added decade just to make it make ends fulfill right individuals are thinking they'' re going to be. able to retire at 65 but they need to function till 75 or 77 or 78 it'' s it ' s really simply a sad situation.
After that the difficulties our health a great deal of times often sadly unfortunately fails on us we put on'' t. when you'struck 65 there'' s no there'' s no assurances there'' s no warranties heck there ' s no warranties. anyway yet especially when you hit 65 our health and wellness begins to fall short like and for many Americans most.
people in this world Health starts to decrease at least and there'' s start to be various needs our.
bodies damage down perhaps your body isn'' t going to be as with the ability of doing the job that you provided for.
all those years to gain your earnings and also so now you have to begin being like even if I intended to.
maintain functioning what is my actual making potential am I really going to maintain having the ability to do that or.
if I get ill what type of decrease in requirement of living am I going to have to take just to be.
able to last the remainder of my life as well as not go out of money right therefore these are things that.
you require to think about if you place'' t currently like I would motivate you to actually do a deep dive.
because my preferred favored quote worldwide I assume as well as it'' s sort of tongue-in-cheek however just.
since the ostrich buries his head in the sand doesn'' t indicate the Lion ' s Den or plans have changed.
This this is your trouble this retirement thing is a real trouble it'' s a it ' s a thing that
. you require to determine a service to and you require to produce a prepare for like Dave goes to assisting.
you leave financial debt he'' s not excellent at assisting you prepare for your future and also as well as his his.
info while it seems terrific since it'' s kind of tailored in the direction of the masses it'' s really in my.
viewpoint it'' s it ' s extremely harmful to lots of people that are listening to them due to the fact that you'' re going to. obtain to the end of the rainbow there ' s a mosting likely to be no pot of gold you'' re mosting likely to figure out you obtained.
to function longer if you'' re healthy and balanced enough to do so or you'' re going to have to reduce your standard.
of living since you didn'' t take some of these variables into factor to consider so anyhow with any luck.
you found worth because if you did please like it share it get it available to people subscribe.
hit the Bell that way you'' re notified every time I introduce a new video until following time have a.
honored motivational day we'' ll talk soon see you.
Then the difficulties our health and wellness a great deal of times sometimes regretfully regrettably stops working on us we wear'' t.Read More
are you over the age of 50 with no plan in sight for your retirement don't worry there's still hope it's never too late to get started hey guys welcome back to the channel in today's video we're going to teach you some tips on how to plan for your retirement even if you are starting late in life first of all you need to know that retirement is freedom which means that when you retire you should be able to do whatever you want whether to travel to your favorite destinations spend more time with your family or work on your own projects so let me take you through the steps of your journey to financial freedom first step is to cut your expenses write down all your monthly expenses think of your main fundamental expenses as your running cost as if you're running a company things like rent builds groceries internet so you can watch more of our videos and car payment remember that you could always find cheaper alternatives for some of your main expenses for example you could always move to a cheaper house and save on your rent or if you have a rental car you could rent a cheaper car that also matches your needs the key here is not to minimize your quality of life but to minimize the amount you spend on that quality now write down the other expenses that you could survive without this might differ from one person to another it could be your netflix or amazon prime subscription or it could be the designer clothes that you usually buy these are the items that you could totally scratch from your expenses the more you cut the more you save and in the fifth step i'm going to tell you how we are going to use all this extra money to get you even more money always remember that it's not about how much you earn is what you keep you could be earning much more than others but you're also spending much more than they do keep monitoring your expenses you can do this through a simple written list or even through apps such as zoho expense or expense point second step is to set your expectations remember when we said in the beginning of our video that retirement is freedom well you need to think of your freedom figure which is basically the amount of money you expect per year after your retirement now multiply this number by 25 i'm sure you will get a crazy seven figure number this is going to be your goal i bet you're thinking now that it's impossible but please don't close the video yet because in the last two steps i'm going to show you how you can make this possible you need to lower your expectations for the time being in order to get those results in the future it's a match a fight if you will wealth versus cash flow set your own goals for now and for the future not based on what you see around you or on social media it doesn't have to be a 25 million dollar mansion in beverly hills a huge yacht and a supercar but that doesn't mean you shouldn't be enjoying your retirement it's about being realistic and aware of your situation what you can achieve in the future third step is to consider working longer now i know what you must be thinking i'm watching this video to know how to retire early but bear with me you may retire by the age of 60 or even 65.
But if you retire by the age of 70 you are increasing your social security check to nearly double plus there's also more money going into your 401k what's 401k oh you didn't know well i will explain this in the next step if you can't bear the thought of staying at your current job any longer than you need to then you should look into quitting your current job and finding another one something that you will enjoy more you you'll be surprised at the amount of companies that are currently looking for workers with experience be aware of your physical health keep up with your regular medical check-ups eat healthfully do any form of physical exercise could be something as small as taking a relaxing walk every day all this keeps you energetic so that you may continue working at the top of your game fourth step is to open an investment account this account could be funded by the money you save as a result of cutting expenses remember step one or you could open a 401k account if you don't already have one a 401k plan is a company sponsored retirement account where employers can contribute their income and employers usually match contributions up to a certain amount there are two basic types of 401ks traditionally and roth which differ primarily in how they're taxed with a traditional 401k employee contributions are pre-tax meaning they've reduced taxable income ban withdrawals are taxed during retirement employee contributions to rough 401ks are made with after tax income there's no tax deduction in the contribution year but withdrawals are tax-free so if you don't have a 401k yet what are you waiting for start one and make use of all this non-taxable income now it's time to invest your money which takes us to the last step the fifth and last step is to increase your income well you can always ask for a raise in your current job if the thought of asking for more pay sounds daunting then you can try looking for a new job with a better salary which may not be as challenging as you think there are many ways to promote your skills and experience to other companies you can upload your resume to sites such as indeed.com or linkedin.com let the companies come to you but there is an even easier way to increase your income through a side hustle one of the easiest ways to do so is through creating an amazon individual seller account it's free to create but you need to pay a commission of 99 cents for every sale that you make on amazon not intrigued yet hear this according to a recent survey of amazon sellers twenty percent make between one thousand dollars and five thousand dollars per month which i believe is great for a side hustle or even a decent second income you can even sell your own private label products on amazon around 67 percent of all amazon sellers run their business using the private label method private labeling is a process of manufacturing a pre-existing item preferably with product improvements putting your branding and logos on it and selling it to consumers sometimes it is referred to as wide labeling or brand creation the process has been around for years and is common in countless retail stores targets mainstays brand and walmart's great value are two examples of private label brands your site hustle could also be building websites or content writing there are millions of ways to start a site hustle it's all based on the set of tools that you possess be sure to check out my videos covering this topic and i'll post a link in the description below and remember you can always learn a new skill and this skill could be your next source of income so never stop learning another way to increase your income is by creating a passive income stream passive means you don't actually need to actively trade your time for money you are basically making money while you sleep there are three ways to earn passive income stock markets you don't need to call a local broker anymore there are plenty of applications that you can use to trade stocks that's what makes it the easiest way to gain passive income i'll post some links in the description below for some of my favorite exchanges that i use to trade stocks and crypto cryptocurrency is part of the new modern era with many ways for you to earn passively if you are willing to accept its high risk prices of cryptocurrencies including bitcoin have been falling in 2022 amid a worldwide crypto price crash this could also mark a perfect opportunity to buy with prices being so low check out this video i made where i go over the top five cryptos that billionaire kevin o'leary from shark tank is currently investing in but remember be wise when investing in crypto never put in more than you are willing to lose other options include real estate it's harder to get into it as you need to save up enough to pay for a down payment once purchase you can then get a tenant to rent out the house which will cover payments on the mortgage and hopefully a bit more use any cash flow to pay down the principal faster after a few years you will have paid off the house and can now enjoy some free cash flow from your rental property the earlier you start doing this the sooner you can pay off the mortgage debt now that we have been through each of the five steps of your journey to freedom keep this in mind your life is not going to change unless you take the initiative a nine to five job alone is not enough to build wealth have faith in yourself have faith in your abilities you're not alone in this situation and if other people can do it so can you improve your physical and mental health this will keep you more focused and energetic to work on your goals and it saves you from spending a lot of money down the road on treatment and medications this is it for me today i hope this video has given you as much hope as it did to me don't forget to hit the like button and subscribe to our channel watch our previous videos you never know what piece of information could change 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Virtually 6 in 10 Americans don'' t have. sufficient cost savings to cover a $500 or $1,000 unplanned expense. That’s definitely.
horrible because if something fails, you will certainly need to take unneeded lendings.
or, god forbid, pay a bank card passion. They might rise 20 and even 30 percent..
You have to be a moron to pay that much rate of interest. What else can you.
do if you have nothing else option.
Even those who actually.
conserve some cash apparently said they don'' t have much in their financial savings account. Certainly, cost savings went considerably higher during the pandemic age because we were compelled.
to remain at home and also collect stimulation checks yet that’s currently hunting us down with the greatest.
Regardless of the fed'' s best efforts to keep increasing prices, that hasn'' t helped.
never ever recognize that considering that we don'' t have a machine that can take us to a different truth. When virtually 60 percent of the population says that they have less than a thousand.
dollars in their interest-bearing account, you recognize that we have a problem because a thousand.
bucks is probably not enough to cover the rent. What occurs if you get ill, enter into an.
mishap, or obtain discharged? What do you do? I obtain, its hard to save when.
we are bordered by so many things pushing us to spend.Even before
the video clip.
begun, you probably saw an ad that called you to visit their website and also spend some cash. Let me make clear something, spending cash isn'' t bad. There is absolutely nothing wrong with getting things you.
requirement or want. At the end of the day, what’s the point of generating income at the end of the day. On.
top of that, spending is what drives the economic situation forward. Without enough costs, we will certainly have.
depreciation that will reduce economic growth. What I see often takes place is that People typically.
grumble that they can'' t conserve due to the fact that they need to cover their standard costs yet wind up acquiring.
5-dollar coffee as well as avocado salute every early morning. Once again, there is absolutely nothing poor keeping that, as long.
as you are saving an excellent dimension of your paycheck.I don’t truly support the suggestion of saving every. penny feasible since life isn ' t practically conserving money. It'' s concerning experiences. And also component. of that is having a good time with friends and spending cash. If you are at the start.
of your journey, you can'' t manage to spend every cent you gain. You need to construct that.
funding that will certainly deal with your part of you. The issue is that there are few riches.
awesomes that drain your budget plan one of the most. If you can get rid of them, you will certainly be able.
to conserve a ton of money as well as develop that lot of money. If you prepare, give this video a thumbs.
up, as well as let'' s start with the initial one. Vehicle. If you have actually ever possessed an auto, you most likely recognize just how expensive it is to.
have a car.In truth, a lot of people that drive don'' t recognize exactly just how much their cars and truck costs. The average monthly payment on a brand-new car was $575 in 2020. That'' s much from the real cost of.
possessing a cars and truck. Which’s back in 2020. It’s far more than that given that there is a lack of.
chips and also high rising cost of living. Which’s simply your regular monthly repayments without taking into account.
insurance, gas, and particularly upkeep. What I also realized when I got my very first auto was.
how commonly I started to drive.I began driving anywhere, also when it wasn ' t essential. Gas is not inexpensive, specifically now, and also being embeded traffic daily can.
cost a lot of money. However if you have a household, certainly owning a car makes good sense, specifically.
when public transportation is not a choice. But if you are solitary, for god'' s purpose, save that.
You will thank me later on.
as an example. A fortune! 20 bucks here or 30 bucks there don’t appear like a lot, yet if you include it.
up throughout a month, it will add up. According to the Bureau of Labor Data,.
Americans invest regarding 1 percent of their gross yearly revenue on alcohol.For the average. household, that’s$ 565 a year, $5,650 in one decade, or a whopping $22,600 over a 40-year duration. That.
doesn’t appear much. However do not be tricked by this number. It takes right into account all Americans,.
consisting of those who don’t drink and those who consume once to twice a year. If you just.
take into account those who consume alcohol routinely, that number would certainly be much greater. A couple of hundred.
bucks a month is normal for regular drinkers. The same goes for cigarette smoking, gaming, and various other bad.
routines. The ordinary price of a pack of cigarettes is $6.28, which means a pack-a-day routine sets.
you back $188 per month or $2,292 per year. These numbers could not tighten you, however if.
you also count the opportunity price, you will possibly do away with these behaviors right away. If you toss that 2292 bucks yearly right into an index fund with a 7 percent return,.
with the power of compound rate of interest, you can expect to have $365,883 in 40 years. Add to that the medical expenses that you will certainly get as a result of your bad habit, as well as.
you might as well declare bankruptcy. 3.
Spending money on impressing individuals Back when I remained in institution, my self-confidence was.
really reduced since I was doing badly in college, yet as social animals, we want to be appreciated.
by the people around us. We want to be valued because we have so lots of insecurities..
As well as often, when we put on'' t understand how to fix these insecurities, so we spend cash.
to show everybody that we are comparable to them. Why do you think people acquire.
Rolex watches. Allow'' s be honest, a Rolex watch is actually solving one issue,.
which is informing the moment, but even Rolex holders typically utilize their phones to have a look at the.
time.But people still spend loads of hundreds of bucks on them due to the fact that they have effectively.
branded themselves as a deluxe brand that is used by well-known and also effective individuals. We buy them.
to send out a message to people that – look men, I make a great deal of money. I can afford a Rolex. Most.
individuals acquire that type of watch to impress people, which is not a problem if you can quickly pay for.
that. However if you can barely afford a Mercedes as well as still decide to get it, you have just.
tossed yourself into a massive financial trouble. 4. Paying high-interest prices. Bank card are great. It'' s possibly the best. means to build your credit report and also preserve it. It is extremely essential due to the fact that it will.
aid you to obtain finances and lower interest. Here is when things obtain awful. When you use.
a credit score card to pay for things you can not afford, what winds up happening is that, you.
will not be able to cover your credit scores card debt at the end of the month.
They might go as high as 20 or 30 percent. 41 percent of credit rating card customers reported that
they are failing to pay their. 5.
There will. constantly be a woman around you who will attract you, as well as if you can not control yourself, you are.
screwed. The world is filled up with them, but what ' s additionally particular is that your time and.
sources are restricted. Even if you have 100 million bucks, it is very easy to spend that.
cash on a lady in a glance of an eye. What ' s more vital than money is time, the. time you might invest building your'company, side rush, or whatever will certainly produce
. actual wealth.Unless you discover just how to regulate your desire to go after females, you will. never get to financial freedom due to the fact that there will constantly be a lady on whom you.
Joe: Hey, it’s Joe Crump. I’ve got another video here for you. This one is from Karen Smith in Columbus, Indiana. Karen: “Joe, can you explain the millionaire matrix? Does it really work and can you do it without down payments or using your credit?” Joe: Absolutely, it works. The Millionaire Matrix is a structure that I teach that shows people how they can actually make a million dollars in equity and in cash within 2 years by buying just one property per month using no credit and no down payment.
And instead of just me explaining it in this video with a talking head, I’m going to pull up a little power point here and show you exactly how this process works. Joe: I created this little power point to show you what the Millionaire Matrix is and how and why it works. Joe: Before you can understand how it works, you need to understand the principles behind it and why it works. That brings us to the idea of businesses in general. 90% of all of the businesses that start up fail in the first year, whereas 90% of all new franchises succeed. Why is that? Why would franchises succeed and businesses in general, not succeed? And the big answer is — systems. Franchises have step by step systems to show the business owner (the person who’s implementing the tactics in the strategy of the business) how to do each little system in the business.
Joe: Let’s take the ultimate systematization — McDonald’s. If you go to a McDonald’s, everything is done the same at every McDonald’s that you go to because each of their processes is spelled out in a specific system. They have a system for making a Big Mac. They have a button to press when it’s time to flip the burger. They know how many burgers to put on there, they know what order to have with a picture of a hamburger, and how to put it together where it shows you that that’s where the bun goes and that’s where the hamburger goes and that’s where the lettuce goes and that’s where the special sauce goes. And it makes it very easy for people that are not very skilled to put together a hamburger consistently all over the world. Whether it’s here in Indianapolis or whether it’s in Wisconsin or California or Berlin or Paris or Ireland — it doesn’t matter — wherever you go to a McDonald’s, you’re going to get the same burger — it’s going to be put together the same way by the same skill level of people.
Now, McDonald’s has a 200% employee turnover every year. That means that they’re constantly trying to train new people. For them to get that consistency, they have to have a system in place to make that business work. Joe: And that’s what I’ve created in the Push Button Method and the mentor program. I’ve created systems so that I can take new people (people that have never been real estate investors before) and give them a system and say, ‘Step 1, do this. Step 2, do this. Step 3, do this.’ Joe: That takes us to the next question in the process here, which is what types of deals make you money.
You need to understand that as well. In real estate, there’s only two types of deal that’ll make you money. One is properties that you buy substantially under market value, either for cash or as an assignable cash offer. And two is properties that you can buy at market value or below but you can buy them on terms. Now, by terms we’re talking about zero down structures that I teach; subject-to, multi-mortgage, land contract, contract for deed, lease option, assignable cash deals. Those are terms and if you can buy properties on terms like that, then you can make money even if you buy them very close to market value. Joe: That’s going to take us to the next step which is the beginners Millionaire Matrix. Now here’s what we want to do with the Millionaire Matrix and the goal of each system. We want to be able to make $5,000 per deal. We want to be able to do one deal per month. We want to be able to work 10 hours per month. That means hours per week. We want to be able to have $200 residual income per deal.
That residual income I’m talking means every month you’re going to get $200. We want to buy 10% under market value; it doesn’t have to be dramatically under market value because you’re buying on terms, and I’m going to show you why that makes the difference. And you’re going to want to sell it for 10% over market value and I’m going to show you how to do that. Because we’re selling it on terms as well so we can sell it for more than it’s worth. So this is the basic concept for the Millionaire Matrix. Joe: Now let’s take an example deal — how the Millionaire Matrix and an example deal would work within it. Joe: Every deal is going to be a little bit different and you’re going to make a little bit different amount of money on each one, but this is sort of the model that we’re going by. I used the $100,000 as sort of the market value of the property simply because it’s a nice round number.
I know that the market value across the country is all over the place. You should probably go by percentages rather than this but I want to show you, even on a lower end market, that you can still make this kind of money. On a higher end market you’re going to make more money. So let’s start with a lower end market and then you can extrapolate from there. Joe: Let’s say you’ve got a purchase price of $90,000. The market value is $100,000. The financing — you’re not putting any money down, you’re not getting a new loan — you’re buying it subject to the existing loan. Which means that the property is going to be deeded to you and you’re going to take over the payments on the loan — without qualifying on that loan (remember that).
You’re going to sell this property for $110,000 to a new lease option buyer. You’re going to sell it on a one year lease option or maybe a 2-5 year lease option if you choose to do that. At closing you’re going to make $5,000 on the lease option fee at closing of this deal. The equity left after the lease option fee is about $15,000. You’re taking $110,000 sale price, you’re taking $5,000 from that, and that means you’ve got $105,000 that they still owe you for the property. You only owe $90,000 so that means there’s $15,000 in equity. Now the monthly loan payment on this 90,000$ loan that’s there — let’s say its $900 a month and you’re going to lease this property for $1,100 a month. This is an example deal. Joe: Let me also reiterate — you’re buying this property subject to the existing loan. That means that you’re not putting any money down and you’re not qualifying for a loan. They’re deeding you the loan. You have complete control of the property but it’s subject to that loan that’s existing on there.
You’re buying it for a little bit under market value but not that much under market value. You’re selling it for a little more than market value but not that much over market value. You’re selling it on a lease option which the buyer may or may not exercise. You’re getting a lease option fee at closing — you’re making $5,000 at closing. And you’re going to have that equity left in the property, and if they exercise that option, you’re going to make that other $15,000. You’re going to have that loan payment that’s on that existing loan of $900. And you’re going to get a lease income on that property of $1,100. So you’ve got $200 of positive cash flow every month. So that’s sort of the model of this whole thing. Joe: So let’s go to the next frame here. This breaks down to doing one deal per month over the first year. I’m going to show you how to become a millionaire basically over a 2 year period.
Month one — let me bring my little arrow up here — cash at closing, making $5,000, that’s the lease option fee. The $200, remember the difference between the $1,100 and the $900 a month payment so that you made $200 a month on that. Equity payoff this month, you didn’t make anything. It hasn’t paid off. Nobody has exercised their option. Equity buildup — you’ve got $15,000 because you bought that property and there’s $15,000 of equity. Remember the spread — you bought and sold it for $110,000, you got $5,000 and they still owe you $105,000, and there’s a $90,000 mortgage. That leaves $15,000 on there that’s your equity. Joe: And then a tax benefit based on $100,000. This is depreciation. If you take this property and you depreciate it by years, and then you divide that by 12, you’re going to end up with an actual tax savings in your pocket of about $106 based on about a 30% tax bracket. And these are just general numbers here but they’re pretty close.
Joe: Month 2 — you’re going to do the same thing. You’re going to do another property, make another 5 grand, make another $200 a month and so now your monthly residual income is going to go up to $400 a month. You’re not going to get any payoff because the year hasn’t passed yet. You are going to build another $15,000 of equity in the property. And now your monthly tax benefit is going to be $212. Month 3 — $5,000 -same thing – it just goes up every month for the whole year. Let’s go all the way down to the bottom of the year. At the bottom of the year you’ve made $60,000 in cash at closing from just doing these 12 deals. And believe me, I’ve got people that are doing 5 or 6 of these a month on a regular basis because they’ve set up the systems that I’ve given them to do that.
Joe: The next thing is the monthly residual. Just from what’s going on here, you’ve made $15,000 the first year in that; residuals. Equity payoff — nothing’s paid off the first year yet because nobody has exercised their option yet. Equity buildup — you’ve built $180,000 worth of equity in the deal and you’ve made $882 in taxable savings during that first year. So in that first year in the Millionaire Matrix, you’ve made a total amount of cash of about $83,000. You’ve made total equity of about $180,000. So you’ve just made $263,000 in the first year doing only one deal per month. Joe: Now with these deals, if you have 8 or 10 hours of work into these deals, that’s a lot of time in these deals. So remember there’s a startup learning curve. And there’s going to be the time that it takes to set this process up, to get this system going; all of that stuff. But the actual time of the deals is very, very low. And once you learn how to do it and once you get it going, it’s going to be easy to keep it going.
Joe: So let’s go to year two, and look at the second year. Things start to change dramatically in year two, if you’re going by this model. And we have different models that we go by. You don’t have to go by this one. But I’m just taking a simple model and how it can expand your income very, very quickly. Let’s look at month one. You’ve got $5,000, your residual income is now $2,400 a month because you’ve got 12 deals (and you only have to keep 12 deals like this because they’re going to be paying off as they exercise their options).
So as the first one pays off and you get your equity out of the property because they exercised their option, you made $15,000 equity payoff in cash plus you bought a new property, so you’ve got $15,000 new equity buildup and now you’ve got 12 months’ worth of tax savings over 12 properties. So you’re going to be making about $1,200 a month in tax savings, which is pretty substantial when you start making this kind of income; it’ll save you a lot of money. Second month — same thing. Joe: Now, keep in mind — this is the big variable — how many properties are going to actually exercise their option? It’s going to be much less than the total amount, so you may not make this full amount. There are ways to optimize this process and get more of the people to exercise their option, and I show you how to do that.
I’m not going to spend the time on this video to do that. Joe: But let’s look at the bottom line on the second year. $60,000 – same as you made last year on the cash flow. Monthly residual — it well over doubled. Equity payoff — assuming that they exercised their options, just made a nice chunk of money on equity payoff. Equity buildup — you make another $180,000 on top of this $80,000. You made $15,000 in real cash money in your tax savings through depreciation, so it was a really nice year two. Then your second year on the beginners Millionaire Matrix is total cash at $284,000, and total equity of 180,000$. The grand total of year two is $464,000. I add that to the $263,000 and you’ve got $750,000 in your first two years, not quite the million that I promised you but pretty darned good. Joe: Let’s say you get better at what you do, that you get a little bit better at the process. As you’re doing this, how much will you improve? Will you get 100% better? Will you get 75% better, 50% better, 25%? How much better are you going to get at this process after one year? I venture to say that it will be more than you think.
But let’s say that you only get 25% better. If you get 25% better at better price from the seller on your property, instead of getting 10% under market value, you get 12.5% under market value. Not very much — next to 2.5% better on your price. Let’s say you get 25% down from your buyer so instead of getting $5,000 down you get $6,250 down. Let’s say you get 25% more lease money monthly and your $200 goes to $250 a month. Let’s say you get 25% higher price from your buyer — instead of getting $110,000, your price goes up to $112,500; not that much more. And you do 25% more deals a year so instead of doing 12 a year you go up to 15 deals a year. Now this is very realistic to think that you can get just 25% better. I have people that get 100% to 500% better at what they do and their production goes up with that statistic. The ability that you have and the talent that you have in this grows as you do it.
This is a skill and you build that skill through this process. Joe: So let’s look at the second year Millionaire Matrix if you’re 25% better. Now you’re making $6,200 instead of $5,000 so that jumps that up from $60,000 to $93,000. That just increased your income by 50%; right in the first column. The second column goes up a good deal as well. Your equity payoff went up almost $100,000. Your equity buildup went up by $100,000. Your tax benefits, well, they didn’t go up at all. But still, you just increased your income by a substantial amount of money. So just getting 25% better at the second year of the Millionaire Matrix — now you’ve made $730,000 that second year. You made $260,000 the first year, so NOW you’re at the million dollars. Joe: This is a realistic model and it can work. Again, part of the biggest downfall of this process is the amount of people that exercise the option which is less than we would like, but keeping these properties — you also continue to build your equity and you buy down the notes.
You get the depreciation and those other things start to grow. So that’s not a bad thing, either. Joe: So this is a great way to do it. This required no money and it required no credit. All it required is your effort to follow through with the step by step system of putting together subject-to deals, of finding buyers for those subject-to deals and filling those properties.
And you do this all without risk because you’ve got so many contingencies in the deals that you’re doing that and if you don’t find a buyer for the property that you buy, you don’t close it. I think the whole beauty of this system is that you never have to close a deal until you know that it’s going to make you money, so instead of everybody doing zero down (which everybody talks about and I talk about as well) you’re not really doing zero deals.
What you’re doing is cash out deals, all the time, without using your credit. So it’s very exciting stuff. Joe: That’s the Millionaire Matrix. it’s a very powerful way to buy properties. It creates cash flow for you upfront so that you can have a sustainable business and it also creates that long term growth and wealth building that anybody needs if you want to retire from this business and be wealthy. It’s an exciting process. This, by the way, is what I teach in my six month program. It’s what I teach in my Push Button Method. So, either one of these programs will get you into more detail about exactly the step by step process of how to put all of that together.
I’d love to work with you and to help you and make your business and your dream come true on this. Thanks. Bye. .
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