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CBDC’s, FedNow, 401K’s, IRA’s, Real Estate, Banks, Gold & Silver – Lynette Zang

I'm Lynette Zhang Chief Market analyst here at itm trading a full service physical gold and silver dealer really specializing in custom strategies based upon your goals which need to be put first today we're going to do something a little bit different we've got a bunch of questions that uh I'm going to be asked I don't know what those questions are which is the way I like it the best so let's just rock and roll all right do you think the banking crisis is over and if not why not okay no I do not by any stretch of the imagination think that the banking crisis is over in fact I think it's I think it's a rumbling underneath the surface and the reason is because we had what 15 years of zero interest rate policies so the problem that the banks that did go under a big problem that they had was that the value of their Securities had declined dramatically as the central bank had raised rates that is throughout the entire global banking system so what's really happening right now is the popping of the largest hard for me to call them asset but I'll call them a debt bubble in history no I don't think this is this is over by any stretch of the imagination it's just being hidden from view what do you see coming next with banks and do you think it's going to be similar to 2008 when three Banks collapsed in 2000 six or seven and then another you know 10 20 100 Banks collapsed a year I do think that there are some similarities but what I also knew which is why I even started my urban farm was that in 2008 when it became apparent to the whole world the banking crisis did that the system died at that point so I think the crisis that we have uh that is not yet visible to the public but is unfolding as we are sitting here and speaking is much larger because what they did in 2008 was just bury it under a mountain of new money and their solution which has been the same solution since 1913 frankly was to devalue the currency through inflation and they haven't gotten the central banks have not got control of the inflation that they caused and the problems that they caused and raising rates aren't going to help to be honest with you what they're doing isn't working because we are at the end of this life cycle so this next system with the Advent of the FED now accounts going into effect in July and we also have the Libor so for transition which we may or may not see any of those Rumblings by June 30th but there are Rumblings the biggest experiment in history on this debt bubble that is popping um yeah I think this next Crisis is going to make 2008 look like chump change and it's going to scare the crap out of everybody and that's when they're going to try and and cram the cbdc's down everybody's throats can you explain the difference between cbdc's and fednab well yeah the cbdc is the actual digital money of the Central Bank the FED now is the account in which they can put it in so that you the public has access to it what do you see happening if and when they get the public to agree to something like that well it's not whether or not they're going to get the public to agree because we've seen in a number of their countries that have forced their population into the cbdcs by demonetizing the money and creating crisis or or just by giving people free money you know they'll spend what you give them is whether or not they will allow like their paycheck to automatically go into the cbdcs will they will they continue to make deposits into that cbdc account that's the big question mark because we do vote with our pocketbooks or our wallets that's how we vote and that's been a big problem for those countries that have already made that attempt to get their population to accept the cbdcs you know I can't I can't answer that my hope is no and the public does not seem to want these cbdc's but do I think they're going to try and cram it down our throats yes and they'll do that through crisis what could the future look like with cbdc's and do you think that would affect people's retirement or retirement 100 you know what a cbdc does and and the FED has even admitted it in the I am international monetary fund the IMF papers that they've written is see right now when they make a policy it takes roughly 12 to 18 months to flow through the system did they get what they want so we're really starting to feel the impact of the rapid rates that the FED did 12 18 months ago right so this way once they have the cbdc then they can have their finger on that policy button 24 7 which is what they've said so that if they want the consumer to go out and consume and you're not consuming what are they going to do they're going to drop us into negative rates more deeply so that you're sitting there watching your principal evaporate and when you're sitting there watching your principle evaporate what are you most likely to do but once it's in cbdc form they can dictate what you can buy with it how long it even exists which you're going to see that at first they're not going to shock you with anything because they want to lull you into a all sense of security to get you to use it and they've talked many times about this so at first it's going to seem kind of normal like people are used to credit cards they're most people are used to credit cards and debit cards and all of that so and and of course they've heard all about the cryptocurrencies and we see what's happening in that Arena and remember recently the I can't remember whether it was the biz or the IMF but they came out with a paper basically private cryptocurrencies bad Central Bank cryptocurrencies good so they're trying to get you lulled into a false sense of security and then once they have you there and let's say that a lot of the population does make that deposit into that fed now and cbdc account right um and especially you know we could go into a hyperinflation on the currency that's already out there and then have the FED controlling the value for a minute of the cbdc so people go oh well look at this is really bad but this is staying more stable and I think that's really what's very very likely to happen to get you to participate voluntarily that frankly makes having physical gold and silver outside of that system critically important because if you have everything inside of their system that they have their finger on 24 7 and can dictate everything about it they have you by the cajones right so this is why it's absolutely critical for you to be as self-sufficient and independent in in as many ways as possible Food Water Energy security barterability wealth preservation community and shelter because the more independent you are the less control they will have over you and they they are attempting this I don't think it's a foregone conclusion I mean I really have hope of a revolution Ray dalio also thinks that A revolution is coming and I I agree with him and because of these repeatable patterns just like the end of the currency's life cycle I mean these patterns when you know what they look like then you know where we are in that cycle and you can get into a position to actually not just survive it but Thrive through it and come out the other side in a better position but you better have physical gold and silver in your possession or Heaven Help Us Heaven help you moving into the future of cbdc's and fed now if people just go into that blindly what does it look like with IRAs 401ks retirement plans all of those other Fiat money assets for lack of a better term the only thing you can convert them in is to Dollars and so again if we have this split system which would make a whole lot of sense for them to do where you have the current system hyperinflating and then the cbdc system where they keep that value more stable and they might give you the option well you can convert this into this and so you know I think there would be a lot of people that would grab on to that false lifeline because they could see the value of their Investments being absolutely eroded just like what we're seeing in Zimbabwe right now where their stock market is up 600 percent as they're trying to get people to adopt the cbdc that is presumably backed by gold but it's not convertible and if it ain't convertible it ain't over I got news for you it's just another gimmick to get you to get control of you so people will fly to these things thinking that they are protecting their purchasing power and wealth but it's a big scam because at the end of the day in that hyperinflationary mode they're going to have to do overnight revaluations to get the public to go along with it and to trust it again but I could easily see a scheme where they kept the value artificially of the cbdc stable and they are going to sell it because this is what they've said they are going to sell it as look if we do cbdc's there's not going to be any more inflation so it would make complete sense in their strategy to allow the current system to hyperinflate maintain artificially the value of the cbdcs until they got you hooked and then as they say not me they say then there are no limitations to how low we can push interest rates which means attacking your principal so if you hold all of your wealth in there your your pardon me you're screwed but if you hold a chunk of your wealth as much as you possibly can in physical gold and silver even if that is our current tool of barter you're holding your purchasing power and you just convert what you need and protect the rest of your valuation your purchasing power and your wealth valuation that that's what's going to level this playing field for people that's what's going to get them through it no doubt there isn't one doubt in my mind talk about that more how you convert what you need when you need it and your I guess strategy for that where well I mean right now there are a lot of dealers that are out there but you know what I think is really important places that you can convert I mean you can convert gold and silver at pawn shops jewelry stores uh liquidation smelters but frankly the best way to do it is to establish a relationship with a reputable dealer like itm who's been around since 95 has long-term relationships with wholesalers you're going to end up better um better off you're going to end up getting more of whatever the current currency is because of the way that our our network is established and we've you know we've proven ourselves so what you would do is based upon your strategy which you can set up a call and calendly so that you understand what the strategy is based on your goals based on your part possible your current income needs right then you would simply call itm as an example and say okay this is what I need you'd send it back through it gets liquidated it gets deposited and whatever the current fiat currency is and that's how you do it easy peasy it's no big deal so you said to make a note about gold and silver IRAs right yes thank you um I mean I think everybody knows that when I'm making choices because there isn't anybody out there that can guarantee that they won't do an overt confiscation of gold I mean there's lots of historic precedence there's even current in different countries that are that are confiscating gold right now because gold holds your purchasing power which is why all the central banks or most of the central banks are accumulating it so personally for my choices and also because of my Uncle Al who in 1964 had two safes full of pre-33 coins when you couldn't was illegal to hold more than five ounces except in that way right so I have some serious concerns because most people that own gold own it inside of an IRA and it's very very easy if they were to do an overt confiscation to do a big sweep of the IRAs now they're not going to want you to complain and since they know that they're destroying the Fiat money system so what if they pay you even a bonus to what the manipulated spot Market looks like just like they did in 33 and then boom it gets revalued and you're what you're left with you think you've got gold but if you don't hold it you don't own it and your perception is irrelevant in those kind of circumstances and certainly in a court of law so I want the kind of gold that you cannot hold inside of an IRA because there is clear past and current precedence for an over confiscation and let's face it desperate governments do desperate things where do you see real estate falling into the picture in the near future or and or with the changes in cbdc's and for now well you know real estate is kind of an interesting circumstance it has definitely been artificially inflated and if you go back to 2008 you can see the central bank and the Federal Reserve came out and said you know these are the areas that we have targeted for reflation right so the truth of the matter is it is severely overvalued on a global basis especially since what happened since 2020 okay now globally on average you see a major decline in the price but you've got to have a place to make your last stand I mean you're not going to camp out because real estate is overvalued so you just need to be in a position that if you had to take out debt in order to do it so you've got a mortgage that you have the ability to Boom pay that debt off in a heartbeat when they do that overnight revaluation right so there's a strategy around fixed rate debt which is exactly the same strategy that the governments use and that is to repay that debt with the currency so in in the US with dollars that have less and less value would I go out and speculate on real estate right now no we've been watching the um the the credit quality decline in purchasers we've been watching all of these special little give me's to get the most naive buyers of real estate buying real estate again Lower fees you know put down less money and therefore you're going to pay fewer fees which is insane you know so watching those kinds of manipulations shows me that they're trying to get the most naive people in the bunch to support this unsupportable really real estate market um but having said that you got to have a place to make your last stand so whether that's you know a roof over your head like you know I have my house in Phoenix which is an urban farm so I can eat off of that but also during 2020 when there were riots near my house and riots near my daughter's house and I slept in my bed that night with a gun and I woke up the next morning and said aha there is the hole right so I went out and Matt it took a while but I managed to find my bug out house did I care how much it cost not really because I believe that it's going to save our lives and we have a great place The Orchards were just I just was telling you the Orchards have been other than a few things that they're still looking for basically in so stay tuned you'll be seeing more of that um and it's completely off grid so I've and I've got a well so I it meets all of the criteria for the Mantra Food Water Energy security barter ability wealth preservation community and shelter um so you know with real estate it kind of depends because because you need it but would I buy it because I think it's going to go up in terms of Fiat dollars heck no no but would I buy it because it fit into my strategic plan that supported the goals that I'm trying to accomplish then yeah you mentioned sofa and live where earlier what's the simplest way to understand those two things and what's going on there tectonics shift right I mean I mean they are so dead silent on this transition and the problem is kind of what the problem was with the svb and the other banks that went out in that the value of their Holdings because of the increase in the interest rate the market value of all their Holdings declined right so when we transition when we conclude the transition uh the end of this month is when it's supposed to be concluded even if it's in pennies you're talking about trillions of dollars worth of contracts nobody really has any idea of how many trillions still have to shift that is a tectonic shift one that has never been attempted before and is happening into a debt bubble because all of these are dead instruments right all these derivatives and and debt contracts that are based that are shifting right so they're shifting into a bubble that is already popping whether or not they can keep that hidden for a little bit more we're going to find out just like it seems like the banking crisis is over no it is not and I don't doubt that even one second and I don't care if it's the smallest community and just recently Janet Yellen came out and said that she expects more consolidations in banks that means she expects more Banks to go down and yes because the Federal Reserve and Global central banks so it's not just here it's everywhere look at look at Credit Suisse and UBS right you know globally we had all those negative rate Bonds in in Europe Etc and we had all those bonds that basically came as at zero interest rates and now the interest rates are going up I mean I think that's going to change but the market is the Market's betting that the Federal Reserve is going to go in shortly and drop rates again so the market no longer trusts what the FED says because the FED showed them that they can't trust it and that if you remember that was last August surprised the Hades out of me when they actually gave up that level of confidence because the only level of confidence in this Con game left is the public confidence that the currency could never go away right and that I don't know do people still think the FED knows what they're doing that the treasury knows what they're doing has this debt ceiling issue ah resolved but the whole world they took it to the to the exact moment pretty much and the whole world that is based the whole marketable world that is based on U.S treasuries was looking at this and going that's our bedrock and they're playing with the Bedrock and now they're going to be issuing a whole bunch of treasuries to fill up the treasury Bank book right so they can write those checks which by the way is inflationary by the way okay is that crisis averted no we haven't seen the end of that crisis but this whole thing is based on confidence and it really did a job on a global level which was already shaky so yeah no we've got lots of issues that can erupt at any moment that we just can't see so silver and Libor are two different kinds of rates correct Libor was created in the 80s and so you have all of those mortgages car loans student loans which by the way people are going to have to start repaying now coming up in September they had three years where they didn't but now they're gonna have to mortgages uh credit cards and derivative contracts which in a derivative is just a big unsubstantiated bet against could be a stock or a bond or the weather or whether or not you do your hair up or down I mean you know um so there's just a lot of Leverage way more leverage that is built into the system today which is basically debt upon debt upon debt upon debt upon debt which makes everything look great on the way up but it also crashes the system on the way down and that bubble is popping so yes once it was discovered that shockingly uh Traders were manipulating the Libor which was just a few Banks getting together and go gee if I were gonna charge you interest overnight this is how much I would charge and if I were going to pay interest overnight this is how much I would pay once it was discovered that it was being manipulated they're a good long run uh then they had to come up with a new Benchmark and so in this country we came up with sopher and they have to shift from one to the other and then while it's supposed to be a market rate when you read the really fine print they eliminate a lot of bonds from that so is it really a market rate and the rate that that they get for so far is different than the Libor rate so that's why it's a tectonic shift that revalues trillions of dollars worth of assets that have not yet been converted and those that have been like especially for leveraged loans closer packages of Leverage loans what they're finding out is that they're taking in a lot less money as well so they're fighting it they're still fighting it that's a big problem and we can't they're not talking about it why aren't you talking about the biggest experiment in history why aren't you talking about it kind of makes me nervous so it may be a big fat nothing Burger but I don't think so it's just when are we going to notice it flyboards London so first U.S well Libor yes is the London interbank offer rate but but it was used globally okay and so far is at this point primarily being used in the U.S but that too could be used globally and I don't think it's gonna make it there there were uh like about five central banks that came up with their own interest rate new interest rate benchmark so we'll see but even even uh what they did to try and fix that difference was come up with some kind of mathematical formula but even with that formula they cannot get it to match Libor so that means that the valuation of all of these contracts that are based on Libor and shifting into so far those valuations change you can't tell me that's a nothing Burger because I don't believe it on on how many contracts who knows they were saying something like over 610 trillion but nobody really knows how I mean admittedly nobody really knows how many derivative contracts there are out there and before they change the accounting rules I personally with my own eyes at the bank for international settlements counted 1.4 quadrillion and that I think was like in 2009 and that market has exploded since then so how many quadrillions there's no way to bail it out no flipping way period period why do you think people I think so many people are confused right now and what can they be doing to protect themselves well I think that people are confused because there is definitely the normalcy bias right and what we're asking them to do is have a paradigm shift and that means that you have to admit that what you have believed to be true what you've been taught to be true your entire life is a lie and that's very hard for people to do but they knew this when they set the system up with inflation baked in it right so um and and I'll tell you an interesting story because you know I just got back from Italy right and Natalie our our guide but I've known him since 2009.

We were talking about his personal experience when they shifted from the Lira the Italian currency into the Euro right and he said and I I knew this he he didn't recognize the first part of it where they devalued the currency by 17 to get they supposedly on par with everybody so they could make this transition and then when they made the transition if say a loaf of bread cost you two Lira it cost you two Euros except that it took four Lira to buy those two Euros so immediately you lost what 50 100 of its value right and he was telling me but he couldn't charge twice as much for his Services because that was too much right so I made a comment about um how that Union was set up and there have been lots of studies on it where it was sold as it's going to level the playing field for all of these countries but in reality it was set up for Germany that is a nation of Savers to benefit the most by loaning money to all of these other countries so that those countries and those individuals in those countries could buy goods from Germany and take on that debt and so where it was supposed to level the playing field don't hold me to this because obviously I'm not looking at this but if I recall something like 96 of the populations in the other countries their standard of living had declined dramatically and when I told him that and even based on his personal experience he said to me well Lynette I'm surprised that you would say that because we've been taught talking about community and meeting Community all this trip and here you are saying that this community is not a good one and I said to him so so number one there's your normalcy bias he admitted how that transition had a negative impact on his personal standard of living right and he knew it absolutely knew it and yet when it came down to the bottom line it was definitely supportive of the Union and even the currency Union so for me that was a normalcy bias because when they set up the system they knew they knew many things but they knew two key things number one people marry the legal money of the state and number two not one man in a million understands inflation and that's how they've been able to take advantage of us so understanding that that's where they are and the only thing we are at the end of this currency's life cycle period end of discussion the only thing that can protect you from it is to be secure in the whole mantra but you gotta have this that's why you see on a global basis central banks buying gold hand over fist at the highest levels ever because they absolutely know that they're destroying the last little bit of whatever happens to be in their Fiat money and trying to transition us into a new system whether or not that's going to work I don't know I hope it doesn't I hope we have that Revolution so that we can have a more fair system because the system that they have in mind for us is a full surveillance system where they control if you are completely dependent on that system they can control every single aspect of your life and look at where they've taken us to so far they've done such a great job for themselves but not for you and me so what you can do is execute the strategy and make sure that you are secure in food water energy security barterability wealth preservation community and shelter so that you don't have they can't dictate to you if you're not they're going to be able to dictate to you and I'm pretty sure even though you will own nothing you will not be happy and you prioritized your wealth preservation first oh absolutely you can fund all of your sustainability projects absolutely a hundred percent and and you know you might have seen that in May turkey sold a bunch of gold and so you could say oh well why did turkey sell the gold because this is your savings right this ensures your wealth preservation and your purchasing power it has for thousands of years and so what you would all have also noticed if you looked at the report is that China and India and a number of other countries added to and when turkey had to sell off it was to be able to buy things it was their savings that were able to buy things that they needed so yes 100 you you know it's it's just like if you're in an airplane and you're going down and the oxygen mask comes down what do you do you're supposed to put that on first and then you can help the child next to you even though you would give up your life for that child right so yes that's why you you get your wealth preserved and your ability to purchase you know short barter you get that done first then that's your that's your oxygen mask then you can do everything else and don't wait because we are running out of time I can't tell you exactly the moment I'm not going to know it before you or anybody else but I'm hoping and I'm thinking that I am going to know when this gig is up completely and then we get to our bug out house thanks Lynette appreciate the time my pleasure but just remember wealth Shields are made of physical gold physical silver in your possession

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CBDC’s, FedNow, 401K’s, IRA’s, Real Estate, Banks, Gold & Silver – Lynette Zang

I'm Lynette Zhang Chief Market analyst here at itm trading a full service physical gold and silver dealer really specializing in custom strategies based upon your goals which need to be put first today we're going to do something a little bit different we've got a bunch of questions that uh I'm going to be asked I don't know what those questions are which is the way I like it the best so let's just rock and roll all right do you think the banking crisis is over and if not why not okay no I do not by any stretch of the imagination think that the banking crisis is over in fact I think it's I think it's a rumbling underneath the surface and the reason is because we had what 15 years of zero interest rate policies so the problem that the banks that did go under a big problem that they had was that the value of their Securities had declined dramatically as the central bank had raised rates that is throughout the entire global banking system so what's really happening right now is the popping of the largest hard for me to call them asset but I'll call them a debt bubble in history no I don't think this is this is over by any stretch of the imagination it's just being hidden from view what do you see coming next with banks and do you think it's going to be similar to 2008 when three Banks collapsed in 2000 six or seven and then another you know 10 20 100 Banks collapsed a year I do think that there are some similarities but what I also knew which is why I even started my urban farm was that in 2008 when it became apparent to the whole world the banking crisis did that the system died at that point so I think the crisis that we have uh that is not yet visible to the public but is unfolding as we are sitting here and speaking is much larger because what they did in 2008 was just bury it under a mountain of new money and their solution which has been the same solution since 1913 frankly was to devalue the currency through inflation and they haven't gotten the central banks have not got control of the inflation that they caused and the problems that they caused and raising rates aren't going to help to be honest with you what they're doing isn't working because we are at the end of this life cycle so this next system with the Advent of the FED now accounts going into effect in July and we also have the Libor so for transition which we may or may not see any of those Rumblings by June 30th but there are Rumblings the biggest experiment in history on this debt bubble that is popping um yeah I think this next Crisis is going to make 2008 look like chump change and it's going to scare the crap out of everybody and that's when they're going to try and and cram the cbdc's down everybody's throats can you explain the difference between cbdc's and fednab well yeah the cbdc is the actual digital money of the Central Bank the FED now is the account in which they can put it in so that you the public has access to it what do you see happening if and when they get the public to agree to something like that well it's not whether or not they're going to get the public to agree because we've seen in a number of their countries that have forced their population into the cbdcs by demonetizing the money and creating crisis or or just by giving people free money you know they'll spend what you give them is whether or not they will allow like their paycheck to automatically go into the cbdcs will they will they continue to make deposits into that cbdc account that's the big question mark because we do vote with our pocketbooks or our wallets that's how we vote and that's been a big problem for those countries that have already made that attempt to get their population to accept the cbdcs you know I can't I can't answer that my hope is no and the public does not seem to want these cbdc's but do I think they're going to try and cram it down our throats yes and they'll do that through crisis what could the future look like with cbdc's and do you think that would affect people's retirement or retirement 100 you know what a cbdc does and and the FED has even admitted it in the I am international monetary fund the IMF papers that they've written is see right now when they make a policy it takes roughly 12 to 18 months to flow through the system did they get what they want so we're really starting to feel the impact of the rapid rates that the FED did 12 18 months ago right so this way once they have the cbdc then they can have their finger on that policy button 24 7 which is what they've said so that if they want the consumer to go out and consume and you're not consuming what are they going to do they're going to drop us into negative rates more deeply so that you're sitting there watching your principal evaporate and when you're sitting there watching your principle evaporate what are you most likely to do but once it's in cbdc form they can dictate what you can buy with it how long it even exists which you're going to see that at first they're not going to shock you with anything because they want to lull you into a all sense of security to get you to use it and they've talked many times about this so at first it's going to seem kind of normal like people are used to credit cards they're most people are used to credit cards and debit cards and all of that so and and of course they've heard all about the cryptocurrencies and we see what's happening in that Arena and remember recently the I can't remember whether it was the biz or the IMF but they came out with a paper basically private cryptocurrencies bad Central Bank cryptocurrencies good so they're trying to get you lulled into a false sense of security and then once they have you there and let's say that a lot of the population does make that deposit into that fed now and cbdc account right um and especially you know we could go into a hyperinflation on the currency that's already out there and then have the FED controlling the value for a minute of the cbdc so people go oh well look at this is really bad but this is staying more stable and I think that's really what's very very likely to happen to get you to participate voluntarily that frankly makes having physical gold and silver outside of that system critically important because if you have everything inside of their system that they have their finger on 24 7 and can dictate everything about it they have you by the cajones right so this is why it's absolutely critical for you to be as self-sufficient and independent in in as many ways as possible Food Water Energy security barterability wealth preservation community and shelter because the more independent you are the less control they will have over you and they they are attempting this I don't think it's a foregone conclusion I mean I really have hope of a revolution Ray dalio also thinks that A revolution is coming and I I agree with him and because of these repeatable patterns just like the end of the currency's life cycle I mean these patterns when you know what they look like then you know where we are in that cycle and you can get into a position to actually not just survive it but Thrive through it and come out the other side in a better position but you better have physical gold and silver in your possession or Heaven Help Us Heaven help you moving into the future of cbdc's and fed now if people just go into that blindly what does it look like with IRAs 401ks retirement plans all of those other Fiat money assets for lack of a better term the only thing you can convert them in is to Dollars and so again if we have this split system which would make a whole lot of sense for them to do where you have the current system hyperinflating and then the cbdc system where they keep that value more stable and they might give you the option well you can convert this into this and so you know I think there would be a lot of people that would grab on to that false lifeline because they could see the value of their Investments being absolutely eroded just like what we're seeing in Zimbabwe right now where their stock market is up 600 percent as they're trying to get people to adopt the cbdc that is presumably backed by gold but it's not convertible and if it ain't convertible it ain't over I got news for you it's just another gimmick to get you to get control of you so people will fly to these things thinking that they are protecting their purchasing power and wealth but it's a big scam because at the end of the day in that hyperinflationary mode they're going to have to do overnight revaluations to get the public to go along with it and to trust it again but I could easily see a scheme where they kept the value artificially of the cbdc stable and they are going to sell it because this is what they've said they are going to sell it as look if we do cbdc's there's not going to be any more inflation so it would make complete sense in their strategy to allow the current system to hyperinflate maintain artificially the value of the cbdcs until they got you hooked and then as they say not me they say then there are no limitations to how low we can push interest rates which means attacking your principal so if you hold all of your wealth in there your your pardon me you're screwed but if you hold a chunk of your wealth as much as you possibly can in physical gold and silver even if that is our current tool of barter you're holding your purchasing power and you just convert what you need and protect the rest of your valuation your purchasing power and your wealth valuation that that's what's going to level this playing field for people that's what's going to get them through it no doubt there isn't one doubt in my mind talk about that more how you convert what you need when you need it and your I guess strategy for that where well I mean right now there are a lot of dealers that are out there but you know what I think is really important places that you can convert I mean you can convert gold and silver at pawn shops jewelry stores uh liquidation smelters but frankly the best way to do it is to establish a relationship with a reputable dealer like itm who's been around since 95 has long-term relationships with wholesalers you're going to end up better um better off you're going to end up getting more of whatever the current currency is because of the way that our our network is established and we've you know we've proven ourselves so what you would do is based upon your strategy which you can set up a call and calendly so that you understand what the strategy is based on your goals based on your part possible your current income needs right then you would simply call itm as an example and say okay this is what I need you'd send it back through it gets liquidated it gets deposited and whatever the current fiat currency is and that's how you do it easy peasy it's no big deal so you said to make a note about gold and silver IRAs right yes thank you um I mean I think everybody knows that when I'm making choices because there isn't anybody out there that can guarantee that they won't do an overt confiscation of gold I mean there's lots of historic precedence there's even current in different countries that are that are confiscating gold right now because gold holds your purchasing power which is why all the central banks or most of the central banks are accumulating it so personally for my choices and also because of my Uncle Al who in 1964 had two safes full of pre-33 coins when you couldn't was illegal to hold more than five ounces except in that way right so I have some serious concerns because most people that own gold own it inside of an IRA and it's very very easy if they were to do an overt confiscation to do a big sweep of the IRAs now they're not going to want you to complain and since they know that they're destroying the Fiat money system so what if they pay you even a bonus to what the manipulated spot Market looks like just like they did in 33 and then boom it gets revalued and you're what you're left with you think you've got gold but if you don't hold it you don't own it and your perception is irrelevant in those kind of circumstances and certainly in a court of law so I want the kind of gold that you cannot hold inside of an IRA because there is clear past and current precedence for an over confiscation and let's face it desperate governments do desperate things where do you see real estate falling into the picture in the near future or and or with the changes in cbdc's and for now well you know real estate is kind of an interesting circumstance it has definitely been artificially inflated and if you go back to 2008 you can see the central bank and the Federal Reserve came out and said you know these are the areas that we have targeted for reflation right so the truth of the matter is it is severely overvalued on a global basis especially since what happened since 2020 okay now globally on average you see a major decline in the price but you've got to have a place to make your last stand I mean you're not going to camp out because real estate is overvalued so you just need to be in a position that if you had to take out debt in order to do it so you've got a mortgage that you have the ability to Boom pay that debt off in a heartbeat when they do that overnight revaluation right so there's a strategy around fixed rate debt which is exactly the same strategy that the governments use and that is to repay that debt with the currency so in in the US with dollars that have less and less value would I go out and speculate on real estate right now no we've been watching the um the the credit quality decline in purchasers we've been watching all of these special little give me's to get the most naive buyers of real estate buying real estate again Lower fees you know put down less money and therefore you're going to pay fewer fees which is insane you know so watching those kinds of manipulations shows me that they're trying to get the most naive people in the bunch to support this unsupportable really real estate market um but having said that you got to have a place to make your last stand so whether that's you know a roof over your head like you know I have my house in Phoenix which is an urban farm so I can eat off of that but also during 2020 when there were riots near my house and riots near my daughter's house and I slept in my bed that night with a gun and I woke up the next morning and said aha there is the hole right so I went out and Matt it took a while but I managed to find my bug out house did I care how much it cost not really because I believe that it's going to save our lives and we have a great place The Orchards were just I just was telling you the Orchards have been other than a few things that they're still looking for basically in so stay tuned you'll be seeing more of that um and it's completely off grid so I've and I've got a well so I it meets all of the criteria for the Mantra Food Water Energy security barter ability wealth preservation community and shelter um so you know with real estate it kind of depends because because you need it but would I buy it because I think it's going to go up in terms of Fiat dollars heck no no but would I buy it because it fit into my strategic plan that supported the goals that I'm trying to accomplish then yeah you mentioned sofa and live where earlier what's the simplest way to understand those two things and what's going on there tectonics shift right I mean I mean they are so dead silent on this transition and the problem is kind of what the problem was with the svb and the other banks that went out in that the value of their Holdings because of the increase in the interest rate the market value of all their Holdings declined right so when we transition when we conclude the transition uh the end of this month is when it's supposed to be concluded even if it's in pennies you're talking about trillions of dollars worth of contracts nobody really has any idea of how many trillions still have to shift that is a tectonic shift one that has never been attempted before and is happening into a debt bubble because all of these are dead instruments right all these derivatives and and debt contracts that are based that are shifting right so they're shifting into a bubble that is already popping whether or not they can keep that hidden for a little bit more we're going to find out just like it seems like the banking crisis is over no it is not and I don't doubt that even one second and I don't care if it's the smallest community and just recently Janet Yellen came out and said that she expects more consolidations in banks that means she expects more Banks to go down and yes because the Federal Reserve and Global central banks so it's not just here it's everywhere look at look at Credit Suisse and UBS right you know globally we had all those negative rate Bonds in in Europe Etc and we had all those bonds that basically came as at zero interest rates and now the interest rates are going up I mean I think that's going to change but the market is the Market's betting that the Federal Reserve is going to go in shortly and drop rates again so the market no longer trusts what the FED says because the FED showed them that they can't trust it and that if you remember that was last August surprised the Hades out of me when they actually gave up that level of confidence because the only level of confidence in this Con game left is the public confidence that the currency could never go away right and that I don't know do people still think the FED knows what they're doing that the treasury knows what they're doing has this debt ceiling issue ah resolved but the whole world they took it to the to the exact moment pretty much and the whole world that is based the whole marketable world that is based on U.S treasuries was looking at this and going that's our bedrock and they're playing with the Bedrock and now they're going to be issuing a whole bunch of treasuries to fill up the treasury Bank book right so they can write those checks which by the way is inflationary by the way okay is that crisis averted no we haven't seen the end of that crisis but this whole thing is based on confidence and it really did a job on a global level which was already shaky so yeah no we've got lots of issues that can erupt at any moment that we just can't see so silver and Libor are two different kinds of rates correct Libor was created in the 80s and so you have all of those mortgages car loans student loans which by the way people are going to have to start repaying now coming up in September they had three years where they didn't but now they're gonna have to mortgages uh credit cards and derivative contracts which in a derivative is just a big unsubstantiated bet against could be a stock or a bond or the weather or whether or not you do your hair up or down I mean you know um so there's just a lot of Leverage way more leverage that is built into the system today which is basically debt upon debt upon debt upon debt upon debt which makes everything look great on the way up but it also crashes the system on the way down and that bubble is popping so yes once it was discovered that shockingly uh Traders were manipulating the Libor which was just a few Banks getting together and go gee if I were gonna charge you interest overnight this is how much I would charge and if I were going to pay interest overnight this is how much I would pay once it was discovered that it was being manipulated they're a good long run uh then they had to come up with a new Benchmark and so in this country we came up with sopher and they have to shift from one to the other and then while it's supposed to be a market rate when you read the really fine print they eliminate a lot of bonds from that so is it really a market rate and the rate that that they get for so far is different than the Libor rate so that's why it's a tectonic shift that revalues trillions of dollars worth of assets that have not yet been converted and those that have been like especially for leveraged loans closer packages of Leverage loans what they're finding out is that they're taking in a lot less money as well so they're fighting it they're still fighting it that's a big problem and we can't they're not talking about it why aren't you talking about the biggest experiment in history why aren't you talking about it kind of makes me nervous so it may be a big fat nothing Burger but I don't think so it's just when are we going to notice it flyboards London so first U.S well Libor yes is the London interbank offer rate but but it was used globally okay and so far is at this point primarily being used in the U.S but that too could be used globally and I don't think it's gonna make it there there were uh like about five central banks that came up with their own interest rate new interest rate benchmark so we'll see but even even uh what they did to try and fix that difference was come up with some kind of mathematical formula but even with that formula they cannot get it to match Libor so that means that the valuation of all of these contracts that are based on Libor and shifting into so far those valuations change you can't tell me that's a nothing Burger because I don't believe it on on how many contracts who knows they were saying something like over 610 trillion but nobody really knows how I mean admittedly nobody really knows how many derivative contracts there are out there and before they change the accounting rules I personally with my own eyes at the bank for international settlements counted 1.4 quadrillion and that I think was like in 2009 and that market has exploded since then so how many quadrillions there's no way to bail it out no flipping way period period why do you think people I think so many people are confused right now and what can they be doing to protect themselves well I think that people are confused because there is definitely the normalcy bias right and what we're asking them to do is have a paradigm shift and that means that you have to admit that what you have believed to be true what you've been taught to be true your entire life is a lie and that's very hard for people to do but they knew this when they set the system up with inflation baked in it right so um and and I'll tell you an interesting story because you know I just got back from Italy right and Natalie our our guide but I've known him since 2009.

We were talking about his personal experience when they shifted from the Lira the Italian currency into the Euro right and he said and I I knew this he he didn't recognize the first part of it where they devalued the currency by 17 to get they supposedly on par with everybody so they could make this transition and then when they made the transition if say a loaf of bread cost you two Lira it cost you two Euros except that it took four Lira to buy those two Euros so immediately you lost what 50 100 of its value right and he was telling me but he couldn't charge twice as much for his Services because that was too much right so I made a comment about um how that Union was set up and there have been lots of studies on it where it was sold as it's going to level the playing field for all of these countries but in reality it was set up for Germany that is a nation of Savers to benefit the most by loaning money to all of these other countries so that those countries and those individuals in those countries could buy goods from Germany and take on that debt and so where it was supposed to level the playing field don't hold me to this because obviously I'm not looking at this but if I recall something like 96 of the populations in the other countries their standard of living had declined dramatically and when I told him that and even based on his personal experience he said to me well Lynette I'm surprised that you would say that because we've been taught talking about community and meeting Community all this trip and here you are saying that this community is not a good one and I said to him so so number one there's your normalcy bias he admitted how that transition had a negative impact on his personal standard of living right and he knew it absolutely knew it and yet when it came down to the bottom line it was definitely supportive of the Union and even the currency Union so for me that was a normalcy bias because when they set up the system they knew they knew many things but they knew two key things number one people marry the legal money of the state and number two not one man in a million understands inflation and that's how they've been able to take advantage of us so understanding that that's where they are and the only thing we are at the end of this currency's life cycle period end of discussion the only thing that can protect you from it is to be secure in the whole mantra but you gotta have this that's why you see on a global basis central banks buying gold hand over fist at the highest levels ever because they absolutely know that they're destroying the last little bit of whatever happens to be in their Fiat money and trying to transition us into a new system whether or not that's going to work I don't know I hope it doesn't I hope we have that Revolution so that we can have a more fair system because the system that they have in mind for us is a full surveillance system where they control if you are completely dependent on that system they can control every single aspect of your life and look at where they've taken us to so far they've done such a great job for themselves but not for you and me so what you can do is execute the strategy and make sure that you are secure in food water energy security barterability wealth preservation community and shelter so that you don't have they can't dictate to you if you're not they're going to be able to dictate to you and I'm pretty sure even though you will own nothing you will not be happy and you prioritized your wealth preservation first oh absolutely you can fund all of your sustainability projects absolutely a hundred percent and and you know you might have seen that in May turkey sold a bunch of gold and so you could say oh well why did turkey sell the gold because this is your savings right this ensures your wealth preservation and your purchasing power it has for thousands of years and so what you would all have also noticed if you looked at the report is that China and India and a number of other countries added to and when turkey had to sell off it was to be able to buy things it was their savings that were able to buy things that they needed so yes 100 you you know it's it's just like if you're in an airplane and you're going down and the oxygen mask comes down what do you do you're supposed to put that on first and then you can help the child next to you even though you would give up your life for that child right so yes that's why you you get your wealth preserved and your ability to purchase you know short barter you get that done first then that's your that's your oxygen mask then you can do everything else and don't wait because we are running out of time I can't tell you exactly the moment I'm not going to know it before you or anybody else but I'm hoping and I'm thinking that I am going to know when this gig is up completely and then we get to our bug out house thanks Lynette appreciate the time my pleasure but just remember wealth Shields are made of physical gold physical silver in your possession

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Decode Your Wealth Status: Above or Below Average Net Worth by Age

Intro Hello and welcome to this video about average wealth by age. In this video we discuss what net worth is, why it is important to know your net worth and the average net worth by age. We will also explore what it means to be ahead or behind in terms of wealth and how you can improve your financial situation. So let's get started. What is Net Worth? Owner's equity is the difference between your total assets and your total liabilities. In simpler terms, it's what you own minus what you owe. Your assets can include things like your home, car, investments, and savings, while your liabilities can include things like mortgages, car loans, student loans, and credit card debt. Why is it important to know your net worth? Knowing your net worth is important because it gives you a clear picture of your financial situation. It can help you determine whether you're on track to achieve your financial goals, such as buying a home or retiring comfortably.

It can also help you identify areas where you may need to cut back or increase your savings. Average Net Worth by Age: Now let's take a look at the average net worth by age. According to a 2023 Federal Reserve study, the average net worth for different age groups is as follows: Under 35: The average net worth for this age group is $76,300. This age group is usually in the early stages of their careers and may be working to pay off student loans or other debt. They can also save for a down payment on a house or build their emergency fund. 35-44 years old: The average net worth for this age group is $436,200. This age group is usually in the prime of their careers and may earn more money than people in their twenties. They may also be juggling expenses related to starting a family and paying off mortgages and other loans.

45-54 years old: The average net worth for this age group is $877,800. This age group may be experiencing a spike in their earning potential and may have paid off significant amounts of debt, such as mortgages or student loans. They can also focus on saving for retirement. 55-64 years old: The average net worth for this age group is $1,187,900. This age group is likely approaching retirement age and may be focused on maximizing their retirement savings. They may also be in the process of paying off any remaining debt and downsizing from their homes. 65-74 years old: The average net worth for this age group is $1,239,300. This age group is probably already retired and can live off their pension savings. They may also be focused on maintaining their health and managing any health care costs. It is important to remember that these figures are only averages and may vary based on individual circumstances. Additionally, net worth is not the only indicator of financial health, and it is important to consider other factors such as income, debt levels, and expenses when evaluating your overall financial situation. Ahead or Behind: Now that we know the average wealth by age, let's discuss what it means to be ahead or behind in terms of wealth.

If your net worth is higher than the average for your age group, you can be considered ahead. Conversely, if your net worth is lower than the average for your age group, you may be considered lagging behind. However, it's important to remember that everyone's financial situation is different and there is no one-size-fits-all answer to what's ahead or behind. For example, someone who lives in a high-cost area may have lower net worth than someone who lives in a low-cost area, but that doesn't necessarily mean they're behind. Improve your net worth: If you're behind on your net worth, don't worry. There are several steps you can take to improve your financial situation. Make a budget first and stick to it. This will help you identify areas where you may be overspending and allow you to redirect that money into savings or debt repayment .

Next, focus on paying off high-interest debt, such as credit card debt or personal loans. This will help you reduce your obligations and free up more money to save. Finally, consider investing in assets that can generate passive income, such as real estate or dividend-paying stocks. This can help you grow your wealth and improve your net worth over time. Conclusion: In short, knowing your net worth is important for understanding your overall financial situation. While average wealth by age can be a useful benchmark, it's important to remember that everyone's financial situation is different. Thanks for looking. By subscribing to my channel, you can be notified immediately about such financial content. See you in the new video..

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£0 to £100,000 in ONE Property Deal | Wealth Strategy 2021

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.

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Top 3 Do’s and Don’ts for Building Wealth

[Music] welcome in coming up on today's program top three do's and don'ts for Building Wealth I hear folks say I'm good at the don'ts of Building Wealth or the dues don't they require money don't they wealth how to get it how to keep it and how to avoid the trip wires that could blow it when it comes to wealth what are you experiencing with the do's and don'ts we've had many viewers ask about that let us know what you think in the comments section you're watching what's next with money a program that holds a promise of second chances for growth and financial empowerment with wealth three critical principles and advice saving for wealth how to keep wealth what not to do when you're on your way to wealth but also when you are wealthy we're going to reference a lot of great Insight from the psychology of money book by Morgan Hansel and have a link to it in the comments section now we're talking about that top three do's and don'ts for Building Wealth here's number one you saving your way to wealth this is how to get it Building Wealth has little to do with your income or investment returns but it's got a lot to do with your saving rate Morgan talks about that savings rate wealth is the accumulated leftovers after you spend what you take in now this is actually pretty easy to control if you latch onto this idea learning to be happy with less money creates a gap between what you have and what you want it's kind of like that Gap created if you've got a growing paycheck your savings goes further and can get bigger as that income Rises but savings without a spending goal attached gives you options and flexibility now folks I want to actually repeat this this is the core idea of wealth building savings without a spending goal attached gives you options and flexibility this is the concept of saving just to save but you get time to think and set your actions and intentions on your own terms a great writer and business advisor Dan Sullivan who wrote the Strategic coach calls this a walk away fund and we've talked about this in some of our other videos this is if you've got enough savings you've had it with your job or there's something unethical happening there you can walk away and do okay and reset your career path by Saving in this manner your financial Independence grows and folks I have personally lived this flexibility gives you the ability to wait for good opportunities in your career small business and especially your Investments the hardest Financial skill is getting the goal posts to stop moving according to Morgan it gets to the classic case of more versus enough and a quick example the real estate business my wife and I started we could have kept going to develop and acquire more properties but at some point we stopped we met our goals and we paid our debts early and completely all out of rants with no outside partners yet we're still actively investing in other forms of assets and Equity markets but I had to stop and think who or what was I trying to impress if I kept making the real estate business bigger would it be other people who don't know me or don't care you know we reached a Target that was very good and it's still growing in value and wealth we did not need to move the goal posts and we didn't generating wealth is often linked to generating Envy they seem like they're on Parallel slopes on a graph in other words it's a form of social comparison and we're talking about the top three do's and don'ts for building well here's number two getting wealthy and staying wealthy this is how to keep it bottom line strive to consistently not screw up we have to hold in our minds and our attitude some combination of frugality and paranoia now this is a very unique tension but it's very profitable with frugality we live below our means with paranoia we're questioning am I doing the right thing and am I doing that right thing well but by keeping on learning and getting professional advice we can do this so getting money is one thing keeping it is another getting money requires taking risks being optimistic putting yourself out there keeping money is kind of the opposite of taking risks it requires humility back to that frugality and it requires a little bit of fear paranoia the idea that what you have made and achieved can be taken away and that some of your financial investing success and I would add real estate success you've got to admit some of this is attributable to luck the time you're in the markets or you're buying them I could list probably five examples of luck during real estate and other types of investing bottom line here past success can't be relied upon to be repeated indefinitely external events markets family needs change and we change the ability to stick around for a long time without wiping out or being forced to give up staying in the game not capitulating is financial endurance it's a key to Building Wealth powering through recessions and downturns smartly we have many videos that help you do this on our what's next with money Channel swinging for the fences and investing for home runs or grand slams can put your portfolio at risk so strive with investing to hit singles and doubles and obviously don't put all your eggs in one basket a friend of mine years ago said if you had an investment if it doubles sell half and this is really about stocks if it triples sell it all it's pretty good advice I don't always follow that some to my regret we have another set of videos they're actually too called investing in what you know where I talk about letting your winners run compounding only works if you can give assets years and years to grow Warren Buffett we've got several of his books here hasn't always been one of the richest men in the world as of this taping this guy is age 92.

Warren Buffett didn't even become a billionaire until he was 50 years old in fact this blew my mind 99 of Warren Buffett's net worth was earned after that 50th birthday I have seen this pattern and dimension of net worth growth first hand and we've got a fantastic video called net worth equals net wealth so if you're getting value from this video be sure to hit that subscribe button and the like button and share it with folks it's free and non-commercial we're talking about the top three do's and don'ts for Building Wealth and here is number three wealth what not to do this is avoiding the tripwires Warren Buffett's what not to-do list is really interesting he's not loaded with debt no he didn't panic and sell during the 15 recessions he's lived through as an active investor he does not jump into excessive Trading he's generally very tax sensitive and he pays for good advice to help you he's kept a sterling business reputation with his ethics he's not locked into one strategy world view or trend he did not use other people's money but he does use Insurance floats and we explained that in some of our videos how Berkshire Hathaway is structured he did not quit he kept going he is still going and I take great excitement from this as an investor small business owner and media influencer I can keep going you can keep going Warren Buffett and his partner Charlie Munger have stayed wealthy they had an edge and survived to stay wealthy requires that margin of safety he talks about so much reserves and to not put all of your assets at Great risk think about this concept and it comes from Morgan's psychology of money book that having cash buckets to prevent you from selling during a bear Market or a downturn if you need to pull money for your household or in retirement you take it out of the cash bucket you don't sell stocks or mutual funds when when they're under pressure or low and you might think wait a minute I'm only earning an interest rate of one or two percent on that cash actually you have avoided a loser return you've avoided much more negativity by having not to have to sell that stock at a low price you didn't sell equities at low prices so that return on that cash is higher than one or two percent now what about compounding compounding means good returns uninterrupted over long periods of time and that's what Berkshire Hathaway does now returns won't be up every year only Bernie Madoff claimed that and you know how that turned out so be sure to hit that subscribe and like button and don't forget to share new episodes of what's next with money or posted on Thursdays I'm Bretton Eiser looking to see you next time on what's next with money [Music] thank you

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CBDC’s, FedNow, 401K’s, IRA’s, Real Estate, Banks, Gold & Silver – Lynette Zang

I'm Lynette Zhang Chief Market analyst here at itm trading a full service physical gold and silver dealer really specializing in custom strategies based upon your goals which need to be put first today we're going to do something a little bit different we've got a bunch of questions that uh I'm going to be asked I don't know what those questions are which is the way I like it the best so let's just rock and roll all right do you think the banking crisis is over and if not why not okay no I do not by any stretch of the imagination think that the banking crisis is over in fact I think it's I think it's a rumbling underneath the surface and the reason is because we had what 15 years of zero interest rate policies so the problem that the banks that did go under a big problem that they had was that the value of their Securities had declined dramatically as the central bank had raised rates that is throughout the entire global banking system so what's really happening right now is the popping of the largest hard for me to call them asset but I'll call them a debt bubble in history no I don't think this is this is over by any stretch of the imagination it's just being hidden from view what do you see coming next with banks and do you think it's going to be similar to 2008 when three Banks collapsed in 2000 six or seven and then another you know 10 20 100 Banks collapsed a year I do think that there are some similarities but what I also knew which is why I even started my urban farm was that in 2008 when it became apparent to the whole world the banking crisis did that the system died at that point so I think the crisis that we have uh that is not yet visible to the public but is unfolding as we are sitting here and speaking is much larger because what they did in 2008 was just bury it under a mountain of new money and their solution which has been the same solution since 1913 frankly was to devalue the currency through inflation and they haven't gotten the central banks have not got control of the inflation that they caused and the problems that they caused and raising rates aren't going to help to be honest with you what they're doing isn't working because we are at the end of this life cycle so this next system with the Advent of the FED now accounts going into effect in July and we also have the Libor so for transition which we may or may not see any of those Rumblings by June 30th but there are Rumblings the biggest experiment in history on this debt bubble that is popping um yeah I think this next Crisis is going to make 2008 look like chump change and it's going to scare the crap out of everybody and that's when they're going to try and and cram the cbdc's down everybody's throats can you explain the difference between cbdc's and fednab well yeah the cbdc is the actual digital money of the Central Bank the FED now is the account in which they can put it in so that you the public has access to it what do you see happening if and when they get the public to agree to something like that well it's not whether or not they're going to get the public to agree because we've seen in a number of their countries that have forced their population into the cbdcs by demonetizing the money and creating crisis or or just by giving people free money you know they'll spend what you give them is whether or not they will allow like their paycheck to automatically go into the cbdcs will they will they continue to make deposits into that cbdc account that's the big question mark because we do vote with our pocketbooks or our wallets that's how we vote and that's been a big problem for those countries that have already made that attempt to get their population to accept the cbdcs you know I can't I can't answer that my hope is no and the public does not seem to want these cbdc's but do I think they're going to try and cram it down our throats yes and they'll do that through crisis what could the future look like with cbdc's and do you think that would affect people's retirement or retirement 100 you know what a cbdc does and and the FED has even admitted it in the I am international monetary fund the IMF papers that they've written is see right now when they make a policy it takes roughly 12 to 18 months to flow through the system did they get what they want so we're really starting to feel the impact of the rapid rates that the FED did 12 18 months ago right so this way once they have the cbdc then they can have their finger on that policy button 24 7 which is what they've said so that if they want the consumer to go out and consume and you're not consuming what are they going to do they're going to drop us into negative rates more deeply so that you're sitting there watching your principal evaporate and when you're sitting there watching your principle evaporate what are you most likely to do but once it's in cbdc form they can dictate what you can buy with it how long it even exists which you're going to see that at first they're not going to shock you with anything because they want to lull you into a all sense of security to get you to use it and they've talked many times about this so at first it's going to seem kind of normal like people are used to credit cards they're most people are used to credit cards and debit cards and all of that so and and of course they've heard all about the cryptocurrencies and we see what's happening in that Arena and remember recently the I can't remember whether it was the biz or the IMF but they came out with a paper basically private cryptocurrencies bad Central Bank cryptocurrencies good so they're trying to get you lulled into a false sense of security and then once they have you there and let's say that a lot of the population does make that deposit into that fed now and cbdc account right um and especially you know we could go into a hyperinflation on the currency that's already out there and then have the FED controlling the value for a minute of the cbdc so people go oh well look at this is really bad but this is staying more stable and I think that's really what's very very likely to happen to get you to participate voluntarily that frankly makes having physical gold and silver outside of that system critically important because if you have everything inside of their system that they have their finger on 24 7 and can dictate everything about it they have you by the cajones right so this is why it's absolutely critical for you to be as self-sufficient and independent in in as many ways as possible Food Water Energy security barterability wealth preservation community and shelter because the more independent you are the less control they will have over you and they they are attempting this I don't think it's a foregone conclusion I mean I really have hope of a revolution Ray dalio also thinks that A revolution is coming and I I agree with him and because of these repeatable patterns just like the end of the currency's life cycle I mean these patterns when you know what they look like then you know where we are in that cycle and you can get into a position to actually not just survive it but Thrive through it and come out the other side in a better position but you better have physical gold and silver in your possession or Heaven Help Us Heaven help you moving into the future of cbdc's and fed now if people just go into that blindly what does it look like with IRAs 401ks retirement plans all of those other Fiat money assets for lack of a better term the only thing you can convert them in is to Dollars and so again if we have this split system which would make a whole lot of sense for them to do where you have the current system hyperinflating and then the cbdc system where they keep that value more stable and they might give you the option well you can convert this into this and so you know I think there would be a lot of people that would grab on to that false lifeline because they could see the value of their Investments being absolutely eroded just like what we're seeing in Zimbabwe right now where their stock market is up 600 percent as they're trying to get people to adopt the cbdc that is presumably backed by gold but it's not convertible and if it ain't convertible it ain't over I got news for you it's just another gimmick to get you to get control of you so people will fly to these things thinking that they are protecting their purchasing power and wealth but it's a big scam because at the end of the day in that hyperinflationary mode they're going to have to do overnight revaluations to get the public to go along with it and to trust it again but I could easily see a scheme where they kept the value artificially of the cbdc stable and they are going to sell it because this is what they've said they are going to sell it as look if we do cbdc's there's not going to be any more inflation so it would make complete sense in their strategy to allow the current system to hyperinflate maintain artificially the value of the cbdcs until they got you hooked and then as they say not me they say then there are no limitations to how low we can push interest rates which means attacking your principal so if you hold all of your wealth in there your your pardon me you're screwed but if you hold a chunk of your wealth as much as you possibly can in physical gold and silver even if that is our current tool of barter you're holding your purchasing power and you just convert what you need and protect the rest of your valuation your purchasing power and your wealth valuation that that's what's going to level this playing field for people that's what's going to get them through it no doubt there isn't one doubt in my mind talk about that more how you convert what you need when you need it and your I guess strategy for that where well I mean right now there are a lot of dealers that are out there but you know what I think is really important places that you can convert I mean you can convert gold and silver at pawn shops jewelry stores uh liquidation smelters but frankly the best way to do it is to establish a relationship with a reputable dealer like itm who's been around since 95 has long-term relationships with wholesalers you're going to end up better um better off you're going to end up getting more of whatever the current currency is because of the way that our our network is established and we've you know we've proven ourselves so what you would do is based upon your strategy which you can set up a call and calendly so that you understand what the strategy is based on your goals based on your part possible your current income needs right then you would simply call itm as an example and say okay this is what I need you'd send it back through it gets liquidated it gets deposited and whatever the current fiat currency is and that's how you do it easy peasy it's no big deal so you said to make a note about gold and silver IRAs right yes thank you um I mean I think everybody knows that when I'm making choices because there isn't anybody out there that can guarantee that they won't do an overt confiscation of gold I mean there's lots of historic precedence there's even current in different countries that are that are confiscating gold right now because gold holds your purchasing power which is why all the central banks or most of the central banks are accumulating it so personally for my choices and also because of my Uncle Al who in 1964 had two safes full of pre-33 coins when you couldn't was illegal to hold more than five ounces except in that way right so I have some serious concerns because most people that own gold own it inside of an IRA and it's very very easy if they were to do an overt confiscation to do a big sweep of the IRAs now they're not going to want you to complain and since they know that they're destroying the Fiat money system so what if they pay you even a bonus to what the manipulated spot Market looks like just like they did in 33 and then boom it gets revalued and you're what you're left with you think you've got gold but if you don't hold it you don't own it and your perception is irrelevant in those kind of circumstances and certainly in a court of law so I want the kind of gold that you cannot hold inside of an IRA because there is clear past and current precedence for an over confiscation and let's face it desperate governments do desperate things where do you see real estate falling into the picture in the near future or and or with the changes in cbdc's and for now well you know real estate is kind of an interesting circumstance it has definitely been artificially inflated and if you go back to 2008 you can see the central bank and the Federal Reserve came out and said you know these are the areas that we have targeted for reflation right so the truth of the matter is it is severely overvalued on a global basis especially since what happened since 2020 okay now globally on average you see a major decline in the price but you've got to have a place to make your last stand I mean you're not going to camp out because real estate is overvalued so you just need to be in a position that if you had to take out debt in order to do it so you've got a mortgage that you have the ability to Boom pay that debt off in a heartbeat when they do that overnight revaluation right so there's a strategy around fixed rate debt which is exactly the same strategy that the governments use and that is to repay that debt with the currency so in in the US with dollars that have less and less value would I go out and speculate on real estate right now no we've been watching the um the the credit quality decline in purchasers we've been watching all of these special little give me's to get the most naive buyers of real estate buying real estate again Lower fees you know put down less money and therefore you're going to pay fewer fees which is insane you know so watching those kinds of manipulations shows me that they're trying to get the most naive people in the bunch to support this unsupportable really real estate market um but having said that you got to have a place to make your last stand so whether that's you know a roof over your head like you know I have my house in Phoenix which is an urban farm so I can eat off of that but also during 2020 when there were riots near my house and riots near my daughter's house and I slept in my bed that night with a gun and I woke up the next morning and said aha there is the hole right so I went out and Matt it took a while but I managed to find my bug out house did I care how much it cost not really because I believe that it's going to save our lives and we have a great place The Orchards were just I just was telling you the Orchards have been other than a few things that they're still looking for basically in so stay tuned you'll be seeing more of that um and it's completely off grid so I've and I've got a well so I it meets all of the criteria for the Mantra Food Water Energy security barter ability wealth preservation community and shelter um so you know with real estate it kind of depends because because you need it but would I buy it because I think it's going to go up in terms of Fiat dollars heck no no but would I buy it because it fit into my strategic plan that supported the goals that I'm trying to accomplish then yeah you mentioned sofa and live where earlier what's the simplest way to understand those two things and what's going on there tectonics shift right I mean I mean they are so dead silent on this transition and the problem is kind of what the problem was with the svb and the other banks that went out in that the value of their Holdings because of the increase in the interest rate the market value of all their Holdings declined right so when we transition when we conclude the transition uh the end of this month is when it's supposed to be concluded even if it's in pennies you're talking about trillions of dollars worth of contracts nobody really has any idea of how many trillions still have to shift that is a tectonic shift one that has never been attempted before and is happening into a debt bubble because all of these are dead instruments right all these derivatives and and debt contracts that are based that are shifting right so they're shifting into a bubble that is already popping whether or not they can keep that hidden for a little bit more we're going to find out just like it seems like the banking crisis is over no it is not and I don't doubt that even one second and I don't care if it's the smallest community and just recently Janet Yellen came out and said that she expects more consolidations in banks that means she expects more Banks to go down and yes because the Federal Reserve and Global central banks so it's not just here it's everywhere look at look at Credit Suisse and UBS right you know globally we had all those negative rate Bonds in in Europe Etc and we had all those bonds that basically came as at zero interest rates and now the interest rates are going up I mean I think that's going to change but the market is the Market's betting that the Federal Reserve is going to go in shortly and drop rates again so the market no longer trusts what the FED says because the FED showed them that they can't trust it and that if you remember that was last August surprised the Hades out of me when they actually gave up that level of confidence because the only level of confidence in this Con game left is the public confidence that the currency could never go away right and that I don't know do people still think the FED knows what they're doing that the treasury knows what they're doing has this debt ceiling issue ah resolved but the whole world they took it to the to the exact moment pretty much and the whole world that is based the whole marketable world that is based on U.S treasuries was looking at this and going that's our bedrock and they're playing with the Bedrock and now they're going to be issuing a whole bunch of treasuries to fill up the treasury Bank book right so they can write those checks which by the way is inflationary by the way okay is that crisis averted no we haven't seen the end of that crisis but this whole thing is based on confidence and it really did a job on a global level which was already shaky so yeah no we've got lots of issues that can erupt at any moment that we just can't see so silver and Libor are two different kinds of rates correct Libor was created in the 80s and so you have all of those mortgages car loans student loans which by the way people are going to have to start repaying now coming up in September they had three years where they didn't but now they're gonna have to mortgages uh credit cards and derivative contracts which in a derivative is just a big unsubstantiated bet against could be a stock or a bond or the weather or whether or not you do your hair up or down I mean you know um so there's just a lot of Leverage way more leverage that is built into the system today which is basically debt upon debt upon debt upon debt upon debt which makes everything look great on the way up but it also crashes the system on the way down and that bubble is popping so yes once it was discovered that shockingly uh Traders were manipulating the Libor which was just a few Banks getting together and go gee if I were gonna charge you interest overnight this is how much I would charge and if I were going to pay interest overnight this is how much I would pay once it was discovered that it was being manipulated they're a good long run uh then they had to come up with a new Benchmark and so in this country we came up with sopher and they have to shift from one to the other and then while it's supposed to be a market rate when you read the really fine print they eliminate a lot of bonds from that so is it really a market rate and the rate that that they get for so far is different than the Libor rate so that's why it's a tectonic shift that revalues trillions of dollars worth of assets that have not yet been converted and those that have been like especially for leveraged loans closer packages of Leverage loans what they're finding out is that they're taking in a lot less money as well so they're fighting it they're still fighting it that's a big problem and we can't they're not talking about it why aren't you talking about the biggest experiment in history why aren't you talking about it kind of makes me nervous so it may be a big fat nothing Burger but I don't think so it's just when are we going to notice it flyboards London so first U.S well Libor yes is the London interbank offer rate but but it was used globally okay and so far is at this point primarily being used in the U.S but that too could be used globally and I don't think it's gonna make it there there were uh like about five central banks that came up with their own interest rate new interest rate benchmark so we'll see but even even uh what they did to try and fix that difference was come up with some kind of mathematical formula but even with that formula they cannot get it to match Libor so that means that the valuation of all of these contracts that are based on Libor and shifting into so far those valuations change you can't tell me that's a nothing Burger because I don't believe it on on how many contracts who knows they were saying something like over 610 trillion but nobody really knows how I mean admittedly nobody really knows how many derivative contracts there are out there and before they change the accounting rules I personally with my own eyes at the bank for international settlements counted 1.4 quadrillion and that I think was like in 2009 and that market has exploded since then so how many quadrillions there's no way to bail it out no flipping way period period why do you think people I think so many people are confused right now and what can they be doing to protect themselves well I think that people are confused because there is definitely the normalcy bias right and what we're asking them to do is have a paradigm shift and that means that you have to admit that what you have believed to be true what you've been taught to be true your entire life is a lie and that's very hard for people to do but they knew this when they set the system up with inflation baked in it right so um and and I'll tell you an interesting story because you know I just got back from Italy right and Natalie our our guide but I've known him since 2009.

We were talking about his personal experience when they shifted from the Lira the Italian currency into the Euro right and he said and I I knew this he he didn't recognize the first part of it where they devalued the currency by 17 to get they supposedly on par with everybody so they could make this transition and then when they made the transition if say a loaf of bread cost you two Lira it cost you two Euros except that it took four Lira to buy those two Euros so immediately you lost what 50 100 of its value right and he was telling me but he couldn't charge twice as much for his Services because that was too much right so I made a comment about um how that Union was set up and there have been lots of studies on it where it was sold as it's going to level the playing field for all of these countries but in reality it was set up for Germany that is a nation of Savers to benefit the most by loaning money to all of these other countries so that those countries and those individuals in those countries could buy goods from Germany and take on that debt and so where it was supposed to level the playing field don't hold me to this because obviously I'm not looking at this but if I recall something like 96 of the populations in the other countries their standard of living had declined dramatically and when I told him that and even based on his personal experience he said to me well Lynette I'm surprised that you would say that because we've been taught talking about community and meeting Community all this trip and here you are saying that this community is not a good one and I said to him so so number one there's your normalcy bias he admitted how that transition had a negative impact on his personal standard of living right and he knew it absolutely knew it and yet when it came down to the bottom line it was definitely supportive of the Union and even the currency Union so for me that was a normalcy bias because when they set up the system they knew they knew many things but they knew two key things number one people marry the legal money of the state and number two not one man in a million understands inflation and that's how they've been able to take advantage of us so understanding that that's where they are and the only thing we are at the end of this currency's life cycle period end of discussion the only thing that can protect you from it is to be secure in the whole mantra but you gotta have this that's why you see on a global basis central banks buying gold hand over fist at the highest levels ever because they absolutely know that they're destroying the last little bit of whatever happens to be in their Fiat money and trying to transition us into a new system whether or not that's going to work I don't know I hope it doesn't I hope we have that Revolution so that we can have a more fair system because the system that they have in mind for us is a full surveillance system where they control if you are completely dependent on that system they can control every single aspect of your life and look at where they've taken us to so far they've done such a great job for themselves but not for you and me so what you can do is execute the strategy and make sure that you are secure in food water energy security barterability wealth preservation community and shelter so that you don't have they can't dictate to you if you're not they're going to be able to dictate to you and I'm pretty sure even though you will own nothing you will not be happy and you prioritized your wealth preservation first oh absolutely you can fund all of your sustainability projects absolutely a hundred percent and and you know you might have seen that in May turkey sold a bunch of gold and so you could say oh well why did turkey sell the gold because this is your savings right this ensures your wealth preservation and your purchasing power it has for thousands of years and so what you would all have also noticed if you looked at the report is that China and India and a number of other countries added to and when turkey had to sell off it was to be able to buy things it was their savings that were able to buy things that they needed so yes 100 you you know it's it's just like if you're in an airplane and you're going down and the oxygen mask comes down what do you do you're supposed to put that on first and then you can help the child next to you even though you would give up your life for that child right so yes that's why you you get your wealth preserved and your ability to purchase you know short barter you get that done first then that's your that's your oxygen mask then you can do everything else and don't wait because we are running out of time I can't tell you exactly the moment I'm not going to know it before you or anybody else but I'm hoping and I'm thinking that I am going to know when this gig is up completely and then we get to our bug out house thanks Lynette appreciate the time my pleasure but just remember wealth Shields are made of physical gold physical silver in your possession

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How to Retire by 40

Hey everybody welcome in on this snowy snowy Wednesday wherever you’re joining us from let us know where you joining us from today hey everybody welcome in to the investing in real estate show today we’re gonna have some fun talking about how to retire at 40 how to retire by 40 Sean says hello from Brooklyn New York how much snow are you getting out there Sean we get this massive nor’easter once again and once again so the kids are off school just I’m over it I am over it I know there’s gonna be people are there I’m right in here and say they’re there joining us from there out in California and they’re living living large yeah Aaron is running us from Miami Florida there you go Wong from Miami thanks so much rub it in rub it in rub it in everybody so we’re gonna get this show started in just about three minutes South Africa Indianapolis Moses welcome Pottstown you’re getting hit with some snow right now Matthew Bishop Lakeland Florida hey Matthew yeah I guess California you guys are getting hit with some crazy stuff out there today too huh yeah they cancelled school last night I don’t know I you know growing up I don’t ever remember them canceling school like the night before did you guys ever have that growing up it was like he’d wake up and he would sit and listen to the radio and you would wait you know I was in Pennsylvania I would be all be waiting to listen for our school if it was canceled I’d be in one-hour delay a two-hour delay and you were hoping that they would cancel it but I never had the night before they send out a text message letting you know that hey your school was cancelled and that was never the case for me never never did you do all right we’re gonna get started in just a moment here it’s gonna pull up this today we’re gonna talk about how to retire by 40 and we’ll start here in just about one minute one minute one minute Jerome aramid says hey a guy you talked to me more than two weeks you never came back to me you can take care of this later I know you’re alive nobody emailed me the first appointment Jerome who did you talk to on my team let me know and we’ve got some people in from our team right here in the chat thread as well we can Mike you know a lot of times people will send follow-up emails it goes to your spam folder sometimes people when they initially signup for phone calls with our team they put in the wrong phone number and then they later writes it well I put the wrong phone number in and so our team will be calling and they can’t get ahold of you so I apologize for that and Rudy Rudy please check your spam folder please please please because our team is very good about follow-up and we have hundreds of clients around the world so I apologize for that you know because if someone sends you a PDF it might go right to your spam folder and then you’re like oh I never emailed me just check your junk folder and who are you talking to please let us know we’ll make sure we get you all squared away we have a waiting list for people to get on the phone with us for like a few weeks so I don’t ever want anyone to feel like we don’t get proper follow-up from our team that’s very important so I’ve got our team right now who is in our chat thread we’ll go through and make sure that we get you all taken care of so I apologize for that all right so we are live it is it is a.m.

And we’re gonna kick off the show after the show I’m gonna do you know to talk about this article talk about how to retire at 40 and then after the show we’ll kind of open it up for a few minutes of Q&A if that works for all of you and we’ll just kind of answer some real estate questions some of the things you’re struggling with you’re hoping to achieve and we’ll talk we’ll do that all right Forrest wants to knows are still owners software coming out for Morrison fest yes indeed in fact we’ve been working on it for for since like August it’s all custom it’s been a lot of tweaking we want it to just be perfect Peter Cook says I’ve had very good follow-up thank you Peter appreciate it and James Frederico o1r from our team is right in here he says hey Jerome I got you all reach back out to you and take care of you good good good all right so we’re gonna get started here and we’re going to talk about this in a second so first so again at the end of the show we’ll take some QA and we’ll do that as well let me just get this all dialed in we’re recording we got the audio up and running is everything sound ok guys you guys can hear me give me a thumbs up you guys are all good Brandon yes absolutely because some of those beat class properties you’re asking about the verb method absolutely because you know buying those 60 70 thousand dollar homes those the banks love they’re able to do you know easy refinances on those because there’s easy comps to pull in the neighborhood because there’s retail sales so I would stay away from like the 3040 thousand dollar stuff if you want to really do like a solid brr-brr method stuff if that’s what you’re looking for all right sounds good alright so we’re gonna get started all right all right and let’s get this show started all right today on today’s show we’re talking about how to retire by 40 a news article from the mainstream media it’s kind of total garbage that’s today’s show let’s dive into it hey everyone I’m Clayton Morris longtime real estate investor founder of Morris invest if you’re new to the channel thank you so much for joining us and subscribing I hope that you’re a subscriber because there’s where we talk about passive income building legacy wealth for you and your family that’s the goal right and the vehicle that we use is buy and hold real estate but I don’t care about the real estate right I don’t care about the four walls and a roof I just bought 15 houses this week that we’re about to rehab okay I don’t care what they look like because once we get them it doesn’t matter what I’m buying as a tax shelter and that’s what you should be focusing on buying a tax shelter that’s what this show is all about on today’s show I want to talk about how to retire by 40 and I want to preface this by saying that I got this from an email from a listener a viewer of our show who is getting involved in real estate investing Jesse Daley sent me this email and he said hey Clayton I hope you’re doing well man I thought you’d find this article interesting especially how the writer literally doesn’t mention anything about investing in real estate there’s only a one quick mention of a condo adding to net worth and nothing else in this article I’m so happy that your podcast teaches people how to truly invest properly and retire by the age of 40 this they should have interviewed you for this article so thank you Jesse I promised I would give you a shout out here on the show and I want to go into this article so again I have lampooned some of these CNNMoney articles over the past few years have done shows about these things because I just find them ridiculous I find them ridiculous that they’re telling people to invest in their 401k and then that’s the way that you build retirement that’s the way that you’re able to retire by 40 years old I mean how many people are you know you just like a show of hands you’re listening right now how many of you think you could actually retire by 40 years old just with your 401k of course you can it’s ridiculous the average 401k retirement in this country guess what according to Time magazine is 90 thousand dollars can you retire on that no way so I want to go through this article because it’s a lot of fun and Jesse sent it to me so these are tips from CNN money on how to retire by forty three proven tips three proven tips so let’s go Chris reading isn’t your average retiree he said goodbye to his working years at 37 and is now financially independent living his life on his own terms that’s great now he had 4500 dollars in debt and when he started working he got through all of that he finally found a well-paying job working cyber security took out a mortgage bought a condo and financed a BMW okay alright took out a mortgage on a home bought a condo and financed a BMW on our way to success but then he started to wonder is this all there is he finally said I can’t do this for 40 years in his late 20s he started searching for alternatives and he read the book your money your life by Joe da Menendez and Vicki Robin and he said look there’s other ways of becoming financially independent so he then felt that he had enough to live the rest of his life on his savings and investments without having to work again it took two more years of showing up the cubicle for him to be sure than a 37 he finally walked away so what did he do okay here were his strategies here where his strategies for becoming financially independent and retiring at 40 years old number one save more save more okay so his strategy according to the CNN Money article is cut he cut back on going out to dinner and he cut back on buying lattes so he just started saving more really so let me get this straight that’s the way that you can sustain yourself for the rest of your life by retiring at 40 years old from your job it’s just having enough in the bank you think that you’re gonna have if the average 401k retirement is ninety thousand dollars can you really live the lifestyle that you want so now you’re cutting back on dinners in order to save some money you’re not buying coffee so what Natalie and I’ve talked about here on the show repeatedly is the idea of not having to shrink your lifestyle why not find out what your freedom number is using real estate find out what your freedom number is and actually have enough passive income every month coming in the cash flows you’re creating a tax shelter for yourself and enabling you to live the life that you want so you can’t go buy a latte I find that ridiculous you know David Bach wrote about that in his book the automatic millionaire a years ago and look if you’re $40,000 in debt yes maybe not buying a five-dollar coffee every day is probably not a smart strategy you know also if you’re a smoker you know spending ten bucks a day on cigarettes or whatever it’s probably you know not a smart strategy if you want to claw your way out of debt I get that part of it but as a way of sustaining yourself and retiring at forty years old just saving more savers are losers that money in a bank account is doing nothing for you what about buying performing assets that are actually producing cash flow I mean come on so when he says look where people get into trouble with savings that they think they have to use reusable toilet paper and eat chicken broth but real basically you just you’ll never spend zero dollars find a level of living that you’re come with and work on earning more without increasing your expenses so he’s just saying earn more save more cut out lattes and you can retire at 40 I don’t buy that for a second number to earn more okay that’s his second tip earn more great so let’s save more and earn more again a paycheck job the tax code is written for wealthy people the tax code is written for entrepreneurs who own businesses who own real estate that’s what the tax code is written for it’s not written for a w-2 employee so earn more so what he says is your actual jobs only part of your work in order to earn the kind of money where you can live on only half or less of your salary so take that extra money socket away that’s what he’s saying so work harder right work for a paycheck get taxed as like in the highest tax bracket by the federal government right because we know that paycheck employees under the new tax code or hurt the worst he says this career-boosting work can include earning advanced degrees oh that’s great so his other bit of advice on this is go out and spend a hundred thousand dollars on getting an advanced degree so go get your master’s degree that’s only what a hundred thousand dollars that’s only a hundred thousand dollars right just go get it a master’s degree so that’s smart so save more earn more by spending more on getting an advanced degree or certifications and then that way you’ll have people who will look at you more favorably in the office and be able to elevate you higher that’s great so it’s important understand the weak areas and he says look I finding mentors okay that’s good yes definitely finding mentors as a very smart move finding mentors who can help propel you and then number three he says invest more so he says the most powerful mechanism for investment right now it’s built into their job it’s the 401k invest in your 401 K and a two or three percent return contributing at the level where you get the employer match is a must and that’s your biggest benefit and that’s how you can retire by 40 that’s the article unbelievable so okay ridiculous right that’s how you could retire at 40 no no that’s not how you can retire it 40 and that’s not how you could live comfortably and live the life that you want and be able to produce legacy wealth for your family for the rest of your life so he’s now retired he’s living off of savings but he’s got no assets that are actually performing for him for the rest of his life he’s got a V BMW that he bought financed and he has a mortgage on a condo that he lives in he has no performing assets that is not financial intelligence any way you slice it wouldn’t it have made more sense instead of saving that money while he was working for that cybersecurity company to take that money and invest it in real estate by a performing asset that cash flows that’s how you control and move your family forward that’s how you can build true legacy wealth for you and your family but actually taking money and buying a BMW buying a liability remember all you need to remember is if you’re buying liabilities a liability is something that does not produce cashflow now if he bought that BMW and used it as an uber driver that was producing cash flow that’s a different scenario or if he rented out that BMW that’s a different scenario but I love these I love these articles and again this is all sort of couched around the idea of the mainstream media right the mainstream media wants you to believe that a paycheck employer job is the way to go that getting a 401 K having their company sort of automatically do it for you because you’re too dumb to do it yourself have them handle it have them streamline it and that’s how you that’s how you have a strong safety net we’ve been trained to believe that being secure is having a paycheck job you know again I come back to the I keep seeing this commercial and I’m sure so many of you have seen this commercial over the past few weeks I saw it first during the World Series and they continue to run this stupid thing where it shows a couple you know they’re in their late 60’s and they’re sitting there with a how it’s a Merrill Lynch advisor and the Merrill Lynch adviser says well it looks like the plan worked and you’re gonna be able to have that retirement you wanted and I looked at you look on the iPad app that they’re handing to the couple and he’s like honey we did it we can do it we can live that life we wanted retirement and it shows that their income is enough they’re gonna have about seventy thousand dollars to work with like if you look at if you actually look at the numbers on that screen seventy thousand dollars so now they’re almost at retirement and then the next clip it shows them in a boat with their granddaughter right there sailing off into the sunset like some small little boat with their granddaughter and the little girl says aye aye captain you know and she she’s driving the boat so this is their retirement they finally did it right they had a wait till they’re 70 to buy a boat and to be able to sleep in and spend a little bit of time with her grandkids be all because they had their month their money managed by a financial advisor that was taken out big fees and investing in a stock market and not investing in real estate and cash flowing assets so there you go that’s my frustration there you go that’s my my little my little two cents my little rant about these types of mainstream media articles and when you see them on TV just roll your eyes think about it for a second saving more earning more get an advanced degree spend $100,000 on a master’s degree and then use a 401k that’s how you’re able to retire at 40 that is total garbage that is total garbage unless maybe the guy wants to go live in like Thailand by himself with no kids and he wants to live like in a hut somewhere for the rest of his life and he doesn’t care about actually having any income or cash to be able to buy anything or any food or live the life that he wants I find it to be total garbage I’d love to hear your comments and your reactions to this please send them to us and I really thank you so much so that’s gonna do it for that and thank you so much for subscribing to the show I really appreciate it this is the investing in real estate show you can please subscribe share it with your friends and and you know please go out there take action become a real estate investor because I believe it’s the number one way to build wealth we’ll see you next time everyone all right now with that that’s the show so anyone who wanted to get just the shortened version of that but hey now we’re gonna open up this agree to some Q&A here in the show we got so much so I saw so many chat threads coming through here asking questions alright so fire them up here alright alright Joel says I’ve also had an email a few times hit reschedule my call but no response and said ok Joel no worries we’ll get you all straightened out I apologize like if people miss their phone appointments cuz like I said we Deanna with our team we have like calls are booked out I think about two weeks and so if we call them like goes to voicemail and then we’re trying to reschedule it so we really try to make sure we can get on the get on the same get on the same on the same page Jinger I’m sorry again what’s going on Jinger we’ll get to the bottom of this so I’m gonna make a list of anyone who didn’t get a call back so I apologize alright so can you guys tell me Arum says Glen and Nicole from your team have been great awesome ok so we will dial some of the stuff in ginger and I’m sorry I will get some of these people on your on your team to make sure we get it all taken care of thank you guys let’s see all right you know I’m glad you’re not upset no I just you know we if sometimes emails get back and forth and we’re trying to make sure that everyone gets taken care of okay are Tuffle get you back on your property okay let’s the ad tapper says what do you think about joint ventures they have the money I do appraisals marketing and brother does the renovations hey jayvees are great right you need to build a great team for real estate investing that’s very important you have to have a great team to do real estate investing well Kelly just uh Kelly Cheatham says I want to hear more about your program great just booked a call with our team Kelly and Morris invest comm we’re doing some great things and I’m really excited about some of the new properties that that we purchased that we’re about to do we’ve already designed our contractors to dive in and start rehabbing see Charlie 18 says our new Hara Sean wants to know one of the price of the new house is being built our new houses the three-bedroom two-bathroom right around seventy seventy thousand okay Charlie eighteen I’m gonna answer this question how does it LLC save you on your taxes on your rental how does it LLC save you taxes on your rental properties a lot of the stuff I’ve been reading times about pass-through income I never thought I thought that that was taxed the same way as a sole proprietor yes however remember that under the new tax law as a pass-through entity as a pastor entity you’re now getting an additional 20% deduction 20% and remember when you have your your properties in an LLC you’re being taxed as a business and you’re able then to depreciate spread that money over all those other your w-2 income and those other things so I’ve just an all series of videos on understanding tax shelters and remember what you’re buying as a tax shelter so forget about buying real estate you know I have talked about Lane I like for repairs so repairs add to your tax shelter helps mitigate your overall cash flow because remember what you’re buying in the beginning in a 3-stage is a real estate investing right buy own and cashflow what you’re buying in the beginning you’re adding to your net worth so I don’t care about the cashflow necessarily until years later but you’re buying and adding to your net worth you’re creating a tax shelter for yourself you’re able to mitigate your w2 income you’re able to offset all of those things so I would love to hear what you guys thought about today’s show and the article please let me know I’d love to hear you which you you know what you thought about that Kelly are speaking of the computer program Oh Kelly yeah we’re building a personal owner portal for our clients that the software I mean it’s just it’s and make it much easier so that we don’t like our team doesn’t have to send out Purchase Agreements it’ll be right there because we have so many clients it like we’ll have like three or four clients and want the same house and so a little like yeah give you a purchase agreement and it’s kind of like first-come first-serve and then our team has to send out a purchase agreement wait till it’s signed and all that BS so this will make it very easy for them to be able to click right on it and then open up DocuSign and be able to do it and pretty great Ryan Millie says okay what are the mechanics after purchasing one property to purchase another property or two and repeat the process over and over again where does that money come from well ideally it could come from a bank right or it could come from private money it could come from you know we we talked about a company that we work with called fund and grow less you know if you go to our if you go to our website Morris and vest com slash funding you don’t pay them any money until they actually if they get you money zero percent Interest but why would look at okay so let’s just take the mechanics of that to answer your question so I would say you know buying like a sixty seventy thousand dollar rental property and then leveraging that right so maybe putting or or if you have the cash to do that right that ideally if you could come out of the gate you have the cash to purchase your first one free and clear that’s more of a B Class play you know that’s sort of B minus like 60 65 70 K place play that’s kind of maybe you know it’s transitioning up to sort of an a-class neighborhood and it you know coud appraised in a few years at 80 or 75 that’s the play right so buying that if you could buy that with cash right and then refinancing a pull some equity back out of that and then be able to roll that next amount of cash the bank just gave you into your next property into your second property and then into your third property a buddy of mine here in New Jersey started and did that on an eighty thousand dollar property he now has over two thousand units here our DNA and money when he started and he bought that first property that first property allowed him the snowball and all of these other properties and identity jjh yeah unfortunately JJ was said you purchase second property in Indy in November we’ll hopefully get an answer for you an update on where we’re at with the rehab and we’ll also make sure we connect you with the right management team if you’re having some issues you know we work with a 8 different property management teams so what gets you sort it out so just you know email our team you know the team you know our team at Morris invest email us we had a really really really unusually harsh winter that set us back about four or five weeks on construction this year with like a deep freeze we had stuff all the way through Michigan into Indiana down into Pennsylvania where we just had all kinds of problems Ryan you are absolutely welcome thank you so much Sean says you weren’t able to pull cash off the cards they got through funding to grow yeah that’s unfortunate we have literally funny grows enabled our clients to raise over 20 million dollars for purchases of real estate so I’m not sure why that person had an issue they’re very very good at walking you through step by step I just would say reach out to them and make sure that you’re working with them they they have a thing with gold money so basically they use the cards to buy gold and then you transfer the gold into cash it’s like a little bit of a few hoops to jump through but hey it’s 0% interest for a year you know hey beggars can’t be choosers right we were able to get a hundred and seventy six thousand dollars in cash because of them in order to purchase real estate so it’s an amazing strategy so again and you’ll save like five hundred bucks if you go through our website because we’ve asked them to do that for people who watch us and who listen to us so if you go to Morris invest com slash funding check it out it might not be for you if it is great just check them out you know I have a phone call with them Joe Joe wants to know what appliances do you provide actually I don’t do any appliances in our properties now that is to say if we move into some of the b-class properties we some we will sometimes put in a fridge and stove and things like that but far as a washer and dryer we have I made that mistake when I first started in Michigan I bought all appliances and found out that I didn’t need to that it’s commonplace that tenants will provide all of their appliances they will usually typically go down to a local you know like a little scratch and dent company etc or that’s where I bought my first appliances when I had my first condo in Florida I went to a local scratch and dent place they’re brand new that may have like a tiny little little scratchy scratch on the side and you get a great deal on a bundle of appliances so that’s what most client most tenants will do and then they’ll keep them for many many years so you don’t have to worry about it so Daniel wants to know what’s the fee for you guys to do investing for me there is no fee with us at all I know some other companies charge like ten percent all that stuff we don’t do that you’re just buying the house we just you know and try to get it all stabilized for you with property management team and cash flowing so you don’t have any additional fees you own the property free and clear Jimmy says how do you organize your banking system for your real estate business great question Jimmy you know we have a couple of podcast episodes Natalie and I do where we talk about how to run your you know your family business and finances for real estate investing if you want to check out the investing in real estate podcast you can do so and we have some of those episodes you know the short answer is that you want to have bank accounts set up for your taxes you want to have bank accounts set up for your LLC that owns your rental property and personally so I have LLC’s that own my rental properties those LLC’s have their own bank account so when the cash flow from the tenant comes in I Clayton Morris don’t touch that money that goes into the business then I can pull that money out but you can’t commingle money like you don’t if it’s a business that owns your real estate you don’t want that money coming in to your personal bank account that’s called commingling that’s illegal the IRS does not look favorably upon that so you want to do everything aboveboard making sure that everything is flowing the way that it should Bobby yes what’s the best way to start a property management team no cash but at the time and looking to help investors well I would say to start a property management company takes about a hundred and fifty thousand dollars I know this to be the case so right away to be spending one hundred and fifty thousand dollars to set everything up okay you’re gonna need you’re gonna need to pay for software things like rent manager appFolio those types of things you’re gonna want to hire an accountant you’re gonna want to hire an office manager you’re gonna need to hire leasing agent you also need to get a brokerage right you need to have a brokerage license to make sure that you can manage property so all those things cost some money so to start a property management company that’s what about that’s what it roughly costs and then about if you have more than 100 properties the rule of thumb is for every hundred properties or so you’re gonna want to add another human being to your to your company to facilitate those properties that came to me as a friend of mine who ran his own property management company those are the exact numbers that he used James wants so what’s the area oh it’s just on the website to find the gold funding option so just go to Morris and Vess comm slash funding it’s sort of a hidden page because we don’t like promote it but it’s there if you sign up like I said you’ll save 500 bucks once they get you the money you don’t pay anything until they get you the cards Peter said spoke briefly with your guy Justin have a self-directed IRA I was interested that was a month ago he was going to keep an eye out for a property and haven’t heard back Peter I will follow up with Justin or you can just you know feel free to reach out to Justin as well from our team because we we can set up a whole dashboard for you for the self direction so I’ll make sure that Justin gets back to you Peter I’ll have our team make sure we go through this comment thread to take care of it okay how can you cash out on a $40,000 property well so $40,000 homes are tricky because banks are lazy or appraisers are lazy so a bank is going to hire an appraiser to go in and they’re going to those types of properties they’re being sold every day to investors like I might buy thirty of them right but guess what they’re all off market so they’re not being sold on a multiple listing service like you buy a house for a hundred thousand right with a realtor and so when an appraiser goes to pull comps in order to appraise the property they don’t have any comps to work with the only cops they have are ones that are on the MLS the ones that they end up pulling end up being ones that are like foreclosures or pre rehab so you might have a forty thousand dollar house and you know it’s worth forty forty three forty two but they might appraise it at twenty because the only thing they could find that sold recently on that street was a foreclosure that’s not been rehabbed yet so you can’t you kind of at a crapshoot if you’re planning to do a refinance here’s my suggestion it’s just move up into those sixty sixty-five seventy thousand dollar homes and then you’re putting like you know then you’re able to pull almost like the full equity out of that house or close to it if the bank then cuts you a check for fifty fifty five great then you can roll that into your next property so I just would say told code don’t try to go super cheap if you’re planning on doing a refinance banks are lazy and you’re frankly just at the mercy of these banks you know I can pull up sales disclosures with hundreds of sales where the house is selling for forty three forty five but guess what the appraiser will not look at that and so then you’re at the mercy of like a foreclosure that’s on the Multiple Listing Service and unfortunately it’s it’s just difficult now we’ve had people who’ve done refinances on forty thousand dollar homes and you know like one of our clients recently bought one for forty three it appraised for fifty five but again it’s a crapshoot he could have just as easily had the appraiser come back and say you know well we think that house is worth twenty two so remember what you’re buying is cash flow when you’re buying that low and you’re trying for that high of are a lie you’re you’re sort of like the investor that’s buying 50 properties like that they don’t care about ever refinancing they just want the ROI they want the cash flow I hope that makes sense sure our Lara says I’ve got a shooter I think I missed it sorry zip past it Ahmad it’s kind of invest the United States if I’m not a US citizen yes you can you know just book a call with our team we have people I mean we have a lot of investors Canada and New Zealand all over the world who invest with us do I see Florida getting to California prices within 10 years seeing a lot of new construction and price hikes there in Tampa yeah a lot of those coastal areas you know Tampa those types of places Clearwater Miami of course I don’t see them getting to California craziness you wanted let me tell you a California story the reason it’s ridiculous so like the same house that I might do in Michigan or Indiana and then our clients would buy maybe like a 3-bedroom 1-bath in the $50,000 range right well there was a 3-bedroom 1-bath last week on the market in the bay area for $900,000 and guess what it was condemned it’s a condemned house selling for $900,000 in the bay area that’s California it’s crazy absolutely crazy Mario says I was thinking about buying houses in my name under a HELOC on my primary residence and then when I get to three to five houses to a portfolio loan and all three to five and an LLC is that okay yeah I mean but why would you need to buy them if you’re using a HELOC to buy them just buy them in an LLC now you know there’s no reason you should buy them in your own name at all ever buy them buy them in an LLC if you’re using the HELOC it doesn’t matter how you use the he lock key lock is cash right you could go out and buy a boat if you wanted to with your he lock the bank doesn’t care you’re just writing a check from your he lock so why not buy them in your own name now I’ve started buy them in an LLC today you’re using the he lock on your primary residence it doesn’t matter the bank doesn’t care what you’re doing with that money you just have to pay it back but I to me having a HELOC is one of the killer strategies I love a key lock on my primary residence I use it to buy properties all day long Michele says what are your thoughts on using quicken loans to buy a house I’ve never done it you know hey if you can get good rates and good terms from a bank to buy to buy a house great go for it I don’t see why not video teaching can you recommend a bank for a HELOC on a New Jersey property lakeland la ke Lakeland Bank we love them they’re fantastic smh ninja on the funding Grove fees no notice he you’re refinancing very quickly so you’re gonna refinance very very quickly by that fifty sixty thousand dollar home and then get it into a long-term 30-year note and you pay off the you pay off the zero interest credit cards and then you recycle them so that’s what fund and grow does they recycle and get you more zero percent and then you can just rinse and repeat that’s why it’s a great strategy so you’re not keeping those cards for you know with like you bought a house on a credit card for twenty years you’re refinancing it within that first twelve eighteen months and yes you can quit claim deed you can move a property to an LLC Kevin wants to know thoughts on an umbrella insurance versus LLC well that’s well I say you have both I mean I would definitely have insurance and also have your properties in a limited liability company the reason you have your properties in a limited liability company is so that people will come after you personally that’s the key right you don’t want people if tenant slips and falls because a handrail wasn’t fixed on your one property and this happened to a buddy of mine in Philadelphia he has a property and a girl was drinking one night she came home to the condo she slipped outside because the sidewalk had like this much of a differential and sued him fortunately you know he had insurance but fortunately the case got dismissed or dwindled down where he only had to pay like seventeen thousand can’t come out of pocket seventeen thousand to pay for this girl slipping and falling at his property because he had the property at his own name so don’t put properties in your own name if you don’t need to there’s no reason to forest so to have a bank you recommend for refine 50k rentals I guess it just depends yeah I mean there’s a couple you know State Farm actually the insurance company has a refinance program a national program Northpoint Bank all one word with an e at the end North Point also has a refinance program they’re a national company as well you could look into them Daniel says how do you tell if a property is a B or C class that’s a great question I’ve got a whole video series here on our YouTube channel about how to understand that so you can if you want to look that up right here on the channel it goes more deeply into that but the short answer is an a-class neighborhood I like to avoid an 8 class neighborhood or those two you know two hundred three hundred thousand dollar homes two-car garages maybe they have a swimming pool they’re in the best neighborhoods I stay away from those as an investment property because you’re gonna have the most moving parts that break you’re gonna have the most entitled tenants that cause the biggest headaches and cause you the biggest problems so garage door openers that break garbage disposals that break multiple heating and air systems that break you know avoid those those also have the most volatility those tend to be the areas where those in a big recession lose their job the a-class neighborhoods we saw that across the country right these a class neighborhoods where people lost their jobs and all these houses went into foreclosure and people couldn’t pay their rent or the value plummeted significantly so let’s say they’re renting it from you for $3,000 a month in an a-class neighborhood and everyone loses their job all around that a class neighborhood now the rent is you know you’re gonna have to go down like 20 2022 hundred a month or even 1800 a month we saw that in Manhattan right people renting Manhattan apartments for thirty five hundred bucks a month the recession hits and guess what all these Wall Street people lose their jobs etc and those went down significantly you could rent a place in Manhattan for eighteen hundred a month instead of the 35 that you could before the recession but guess what those C class neighborhoods say the same those C and B class neighborhoods roughly stayed the same it’s consistent cash flow those are the people that tend not to lose their jobs those are the people that are working blue-collar b-class is kind of moving towards an a-class it has better schools slightly lower ROI but I’ve been buying a lot more B class properties lately personally because you know when you get to a point of having find enough cash flow you really want to start thinking about buying those more expensive B class because you’re creating more of a tax shelter for yourself you’re creating that bigger spread that bigger tax shelter and you’re adding to your net worth more significantly so but C and B are my favorites so I’ve been a lot of C and I’m starting to buy a lot more B yeah lisa says that’s why I like condos no outside maintenance but then I don’t like the associations right I do not like HOA fees and I’ve got a whole video on HOAs because HOAs honestly you’re sort of at the mercy of these people I mean you’re literally at the mercy of these people and you never know when they’re going to decide to change the bylaws and make it so that you can’t rent the place or they’re gonna hit you with a big roof assessment you’re gonna have to pay you know $5,000 for a new roof on the property you have no control over that so homeowners associations I’m not a fan of Daniel we don’t we don’t have a number for you to call us because we want to be able to schedule it with you so just go to our website click on the schedule a consultation button you literally answer like eight questions like your first name last name best email address to get a hold of you make sure you type in your phone number correctly and then we just ask you a few quick questions like how many properties do you currently have what are your goals and then you pick on the calendar the time that you want to schedule a call with us it’s very simple so it’s up to you you know that you got the kids from to p.m.

We don’t write so we want you to pick the time that best serves your needs it’ll go on your calendar we’ll send you an email reminder about ten minutes before your call and we’ll jump on the phone with you and talk to you for like thirty minutes Chad boys wants to know how is Capp West you know I heard good things about them years ago but then I think I heard things kind of fell off and I haven’t really actually heard many people using them so I don’t know I’ve never used cap West what if you want to live duplex a class neighborhood your thoughts well Rodney I mean some few if you want to live in the property that’s up to you right because that’s a different animal than investing in a property but if you want to live in a duplex than in a class neighborhood great you buy it I would rent out the other side so that they’re paying your mortgage that’s an investment right that’s an investment property in a class neighborhood so you know go for it you know just a matter of whether if you’re in an a class neighborhood are you likely to have a higher turnover on the rent because people want to have their own single-family home they might not necessarily want to split a house with somebody if they’re in a class neighborhood you know when I was younger I was fine kind of having a shared wall with somebody but now that I’ve got three kids and I’m an adult there’s no way I want to share a wall with somebody else you know I want my own place I want my own yard what do I think about a land trust well it’s funny you mention that as our tax accountant thinks that they are a total mistake so I do not do anything in the land trust sam says I spoke to Glenn a few minutes ago awesome

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How to Replace a $70,000 a Year Salary with Real Estate Investments and Rental Property

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

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Millionaire Grant Sabatier Reacts: Early Retirement With $2.2 Million To Live In Portugal

Hi, I'' m Give Sabatier, the creator of
Millennial Cash as well as the writer of Financial Freedom. And also today I'' m mosting likely to see this video clip,
“” Exactly how we retired early with $2.2 million to take a trip the world.”” I'' ve never seen it previously, and I'' m going to offer my response. See to it you similar to this video and subscribe to see even more of these response videos. Ready to rock and also roll? All right, let'' s do it. Pumped for this.'Because we ' ve been retired, I have been able to take a lot of time to do the important things that I wanted to do. And also that ' s the reason we began in our low cost of living nation, because they provided us a really excellent insight of where our cash is going to obtain us. Are they in Portugal? We really felt that we could readjust effectively as well as be able to live, retired this way. Points simply formed as well as we'' re. able to do more points instead of being caught up in the entire daily grind. Good work. The way of life … Relocated to Portugal. Yeah, I was right. I'' m Dianne and also I ' m Guillermo.And I was 47 when we achieved FIRE And I was 44 when I achieved FIRE. We had conserved up $2.2 million as well as chose.
to travel the globe in search of our permanently home. Portugal'' s like dishonesty when it comes.
to FIRE since I assume the cost of living is probably like 25% to 30% what.
If they'' ve saved$ 2.2 million, that. Dianne and also Guillermo have a.
lot great deal money cash conserved for for their journey.
established a little actual estate team in the USA, Northern Virginia,.
D.C.Metro location

. I was in the telecom market for over.
Two decades Did 4 years in the military in the.
Militaries. So I matured in Northern Virginia. It'' s one of the fastest expanding genuine. estate markets in the nation. I'' m guessing that in addition to obtaining.
nice huge compensations on her sales, she likewise spent in a pair investment.
residential properties. I'' m thrilled to see if that'' s the case. In 2018, our net worth was$ 2.2 million.
USD as well as currently today in 2022, our net well worth is $2.6 million.
There you go. That'' s an important point.They retired in 2018 as well as they'' ve been.
advancing market in background. And I started purchasing 2010 as well as simply.
the development of my financial investments from 2018 to 2022 has in fact outpaced theirs. They'' ve been able to take benefit.
of that uncommon opportunity. Whereas if you retire at the right time.
and also then your portfolio expands at 20% or 30% right after you retire, you have a.
lot more alternatives. My stepmother in fact was detected.
with cancer cells and also my mommy finished up having to look after.
them together with myself. As well as the week that he died, my.
mommy was detected with cancer cells. I invested even more than a year dealing with.
her. And also I realized despite the fact that I'' d constantly. wished to retire prior to 50, I just didn'' t also desire to wait any type of longer. I started actually having a look at our.
numbers.I began speaking with a monetary. expert.
I found the FIRE neighborhood and also I showed up.
It sounds like Dianne'' s actually. And also in truth, my spouse might care less.
concerning money or FIRE or economic freedom, but she was excited around.
It'' s important to keep in mind that it'' s a lot. Our strategy was to remain two years in each.
country to explore as well as see if we can locate our forever home in each country.So we did 3 years in Mexico due to the fact that of. the pandemic.
There was one added year that would.
keep. Afterwards, we wished to check out more of.
Europe. We have our money mostly in an actual.
estate market as well as in Roth IRAs. We put on'' t actually have an economic.
expert, and also we also have cash in brokerage accounts and also in high.
investment financial savings accounts. I wish they get right into their specifics of.
their realty financial investments. That'' s the initial thing that they provided. And also then the second was Roth IRAs, and also.
after that the last was brokerage. My guess is that they have a couple of.
rental buildings and also they'' re making some cash that way. Along with the cash that we conserved.
up for retired life, we kept three rental properties.Yes.

in Virginia as part of our.
investment portfolio. So we in fact offered a property in.
Alexandria, Virginia, that we were living in. I transformed $120,000 on that particular.
residential property. We acquired one in Gainesville that we.
stayed in for a number of years, which'' s one that we converted right into one.
Right here'' s one of the blunders they made. It'' s one of the fastest appreciating.
markets in the nation, extremely close to National Airport in DC, best throughout.
the Potomac River from D.C. And Alexandria building is something, at.
least in their situation, I'' d advise they hang on to as a leasing for as long as.
feasible. It'' s a lot more valuable dangling on.
it as a service for the following 20, thirty years than it was marketing for $100,000 to.
$ 150,000 in profit.So our common expenses in the United States before. We have actually just been in Portugal about 6.
months currently. So they'' re still residing in a high,.
expensive location for much less than $100,000 a year, but certainly cutting their.
costs considerably. My hunch is they can have FIRE'' d perhaps. 3, 4 or 5 years earlier. And also I ask yourself why they in fact made a decision.
to be more conservative.I invested time

in Lisbon myself, and also. it was tough to invest cash there. Especially when you can eat those fresh. sardines for like EUR1 per bushel and also
get a container of white wine for EUR2 or less. So I ' m in fact interested just how they ' re. spending a lot money unless they have a really baller house, which it doesn ' t. appear like from this video clip they have.
That understands, possibly they ' ve got some. secret splurges and they ' re really right into scuba diving or something. I ' ve been getting right into crypto,'so I may. be finding out regarding that even more or heading out as well as taking different lessons. whether it ' s languages or scuba'diving or yoga exercise. Oh, look at that. Diving. He called it. Something that'' s going on that we function.
into our daily regimens. Now, we'' re ruling out relocating.
back to the US.But something we'' ve discovered in life is.
never state never. So we'' re really looking extra at Eastern. Europe, Southeast Asia, potentially South America. And we'' ll proceed our.
journeys until we locate our little item of heaven. Yeah, they'' re feeling really
favorable. today because their investment portfolio has actually grown over $400,000 given that.
they reached FIRE and also retired early in 2018. They have a YouTube channel that'' s. most likely making some cash. Therefore they'' re expressing this incredibly.
favorable reaction. After having that development, their.
portfolios probably dropped about 20% this year, which is much more than.
would certainly have appreciated.So I ' d be interested to see if they ' re. still inevitably feeling by doing this, however in general, they ' re in a truly fantastic. setting.
The biggest point is maintain discovering,.
keep an open mind. You don'' t need to choose your for life.
home. And also in truth, maybe you should toss that.
suggestion out the window. They have tremendous flexibility and.
flexibility. They spend their time doing things.
that they like. They like discovering new points. You can truly do that throughout the.
world. With 1 being terrible, 10 being fantastic. I'' m going to clock Dianne as well as Guillermo.
at a solid 8.75. I believe they'' ve done quite a lot.
everything right. And in truth, perhaps way too much right. And also I would motivate them not to be too.
beholden to their spreadsheets and maybe take a bit a lot more dangers in their.
life.Maybe invest

a little bit even more money, if.
Well, that'' s about it. For even more terrific video clips, make certain you.
subscribe below to CNBC Keep it. Take a look at my book, “” Financial Freedom,””.
available on Amazon or your neighborhood book shop. And take a look at.
MillennialMoney.com to find out how to make, conserve as well as invest more money so you.
can construct a life you enjoy.

I'' m Dianne as well as I ' m Guillermo.And I was 47 when we attained FIRE And I was 44 when I attained FIRE. It'' s one of the fastest growing genuine. Below'' s one of the blunders they made. I ' m actually interested exactly how they ' re. That understands, maybe they ' ve obtained some.

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