Brotha is a millionaire at 38 off of real estate.

[Actually6Foot3]

the decisions made at that age determine if you will hit the ground running as an adult or if you have to play catch up to right some bad habits..it’s really critical

tell me about it. I’m definitely in that group now and I had the smarts at a young age to make my life much easier now

Teachers tried to warm me, hell, all of us. Especially being black, how important taking those years serious would be. why are we such hard heads as teenagers.

 

[getmoney310cpt]

tell me about it. I’m definitely in that group now and I had the smarts at a young age to make my life much easier now

Teachers tried to warm me, hell, all of us. Especially being black, how important taking those years serious would be. why are we such hard heads as teenagers.

SAME HERE G SAME HERE LOL

 

[Actually6Foot3]

Breh is still in debt despite his portfolio. Not sure how a lot of y’all are missing that point.

Also, it’s well known that most wealthy people pay their home off within 7 years.

You can accomplish and build wealth by staying out of debt, invest, and pay your home off as soon as possible.

It’s not rocket science.

he’s leveraging
debt. He leveraged debt by taking on student loans to pay for his education, that lead to his 6 figure job in Investment Banking he recently quit. And he leveraged debt in mortgages and credit cards for renovations in the past. That’s a key point to note.

Sure he still has student loans to pay back but I’d bet my last he’s paying minimums because the interest is so low it makes more sense to pay minimum and invest the rest.

 

[TallMan_J]

Btw in the video it says he owns portfolios all over PA while renting an apartment in The Bronx.


But 90% of the coli in every finance thread said you have to own your own home to build wealth





y’all slaves are going to keep ignoring the methods of true millionaires and billionaires and keep taking advice from people who just settled to be working class/middle class lol.

shyt… Kanye was just saying how he was essentially homeless and doesn’t really own homes. Now, he’s on an entirely different level of success and clout, but still.

Me, myself, I love owning a home. Everyone’s circumstances are different though. Whether you’re struggling to pay a mortgage, or struggling to pay rent, you’re still struggling regardless. I think that it’s better to struggle while actually building wealth for yourself (owning a home), but that’s not always the case.

I just can’t imagine living in someone else’s shyt, always at risk of being evicted etc., all while they’re building wealth off of me.

 

[Conan]

shyt… Kanye was just saying how he was essentially homeless and doesn’t really own homes. Now, he’s on an entirely different level of success and clout, but still.

Me, myself, I love owning a home. Everyone’s circumstances are different though. Whether you’re struggling to pay a mortgage, or struggling to pay rent, you’re still struggling regardless. I think that it’s better to struggle while actually building wealth for yourself (owning a home), but that’s not always the case.

I just can’t imagine living in someone else’s shyt, always at risk of being evicted etc., all while they’re building wealth off of me.

Matter of opinion of course and to each their own. Just important to remember that whether you mortgage a home or rent one, someone is making money off of you (the bank or the landlord).

 

[Deep_Black_Conscious]

Amazing story. Wish I took high school more serious and tbh more black youth need to as well. He saw it as a means to and end. A lot of your future success is set up from the decisions you make at 13-14 years old.

I’m assuming he went to a top school based on his drive, which lead to his IB career and subsequent high salary which afforded him the ability to buy real estate.

I was in advanced placement classes by high school
My education was always prioritized but there were a few people willing to call you a lame for being serious about your education
Never make people think or feel for you when it comes to major decisions affecting your life
but peer pressure is the most powerful during these teenage times no one wants be the outsider or be called a lame, when in reality, it doesn't matter.
Luckily I wasn't a follower I think that's what it comes down to people following a culture because everyone else is doing that
the class system starts in school

 

[TallMan_J]

Matter of opinion of course and to each their own. Just important to remember that whether you mortgage a home or rent one, someone is making money off of you (the bank or the landlord).

You’re absolutely right.

 

[UberEatsDriver]

Damn breh that slaves comment was out of bounds

It was out of bounds but the homeowners and job owners of the coli always calls us renters and workers slaves anyway

 

[UberEatsDriver]

Different people accrue wealth in different ways
The absolute vast majority of millionaires outside of NYC own their homes
All billionaires do too.
You’re not one of them, that’s why you’re talking so greasy

As per usual the coli don’t know what their talking about.



The vast majority of self made millionaires and billionaires accumulated their wealth before buying homes


You actually think those self made millionaires and billionaires bought their mansions, expensive cars and boats before getting their checks





why am even arguing with financially illiterate people?

 

[UberEatsDriver]

this ain’t making the point you think it is
Renters are literally paying for his mortgages….and his rent
What part of this equation is disproving that ownership builds wealth, is this video not about him owning property and being a millionaire as a result

are you another illiterate coli poster? The coli literally said you have to purchase your OWN HOME to acquire wealth.


Renting and OWNING PORTFOLIOS is barely preached on this site. And the coli usually laughs at immigrants who live lackluster lives to move this route in real estate as well.


My point was 100% spot on and correct.

it’s ok breh. A lot of you dudes on this site are unintelligent and have poor reading comprehension.

 

[UberEatsDriver]

I'm reading that like how do you not understand your own made up quote

Another dumb coli person. The beauty of financial education is knowing that the vast majority of you don’t know much.




I’ll make sure to save this post when the coli makes another thread laughing at renters who decide to use their income to invest in other avaneues.

 

[Mike Nasty]

Another dumb coli person. The beauty of financial education is knowing that the vast majority of you don’t know much.




I’ll make sure to save this post when the coli makes another thread laughing at renters who decide to use their income to invest in other avaneues.

Just say you're you can't afford a house and keep it moving. Stop trying to come off as some financial genius, it's not that serious.

 

[UberEatsDriver]

Just say you're you can't afford a house and keep it moving. Stop trying to come off as some financial genius, it's not that serious.

If I snapped a picture of the amount of money circulating through my family you’d shut the fukk up.

Plus I use to sell real estate between 2013 and 2018. But go off.

 

[Shadow King]

You don’t have to own your own home but the reason why people say this is because your home is a fixed cost. Renting is more volatile in the sense that you could lose your place, rent goes up, etc.

The thought is you live in the house and earn equity to buy the next house. There are other methods but this is probably the more conservative one.

I’ll tell you one thing, most millionaires are not renters. In many cases people spend more on rent than an actual mortgage.

most people talk shyt but I’m living proof of this method with real estate in the multi millions and started over a decade ago.

Where? This keeps being said but I don't know where this is the case.

 

[UberEatsDriver]

@Mike Nasty i just forgot I’m getting back into real estate in 1 month.

Your post is definitely getting saved for future reference