Brotha is a millionaire at 38 off of real estate.

[Nigerianwonder]

A
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.

Right, he stacked up his money and said fukk those cacs and got out of corporate America

Great story. But this is really all it comes down too. It takes money to make money. His bonuses at goldman sachs were large enough for him to buy his 1st 3 or 4 properties cash. That's the key to everything. That means instant equity and leverage. Goldman bonuses are known to start well over 100k a year can be even over 200k. He was on the path of being a millionaire in under 10 years just by saving his bonus money and doing nothing. Investing it in real estate just got him there faster. One might argue simply investing his bonus money all in amazon or tesla stock or even crypto like eth over the past 5 years would have him wealthier than he is now.

 

[UberEatsDriver]

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

It depends on the market and what city you are in. That’s basically why some cities are labeled “good for renters” and “good for homeownership”. All based on who pays more for what in what city.

 

[JLova]

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

In the major cities, this is true. Remember investors put down a lot of cash on properties to reduce the payments.

 

[Mike Nasty]

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

Now you're bragging about money that's not even yours.

I'm happy you have rich parents.

 

[⠝⠕⠏⠑]

Black excellence!!!!!

 

[UberEatsDriver]

Now you're bragging about money that's not even yours.

I'm happy you have rich parents.

You edit out the part where I told you I sold real estate for 5 years





p.s - my parents are blue collared as fukk.

 

[Mike Nasty]

You edit out the part where I told you I sold real estate for 5 years

You sold real estate, now you don't. Doesn't take a genius to connect those dots.

 

[UncleTomFord15]

I start the first day of my real estate business tomorrow . Have 13 more years to get on this brehs level.

 

[CrimsonTider]

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

Lame

 

[RennisDeynolds]

be a multi-millionaire and take a megabus during a pandemic brehs.

People love to show off all the dumb shyt they do in order to promote that "hustle" culture lol

It worked I guess

 

[Deep_Black_Conscious]

Lame

 

[Geek Nasty]

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.

Owning does build wealth . It’s an opportunity cost like anything else. You want to use the different between renting and owning as an asset or capital for a business? That’s the difference.

 

[At30wecashout]

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.

Bruh I was in honors and AP classes being straight mediocre. Could have went to an excellent university off the strength of my ACT but did not want to go through the probation they had set up.

It all started when I slacked around that age. It sucks to see in retrospect how you fukk yourself out of opportunities.

 

[Actually6Foot3]

Bruh I was in honors and AP classes being straight mediocre. Could have went to an excellent university off the strength of my ACT but did not want to go through the probation they had set up.

It all started when I slacked around that age. It sucks to see in retrospect how you fukk yourself out of opportunities.

bruh tell me about it. I had the highest SAT score in my graduating class but was no where near a valedictorian. A few dudes in the football team wanted to pay me to take there's for them Routinely would get the highest or near highest on standardized tests as well.

I basically breezed through on smarts doing the bare minimum. I had it so calculated I knew exactly how much I needed to do to cruise without really trying. Teachers grew frustrated with my lack of effort as a smart young black male that just didn't give too much of a fukk smh I'm getting salty just thinking about the wasted opportunity. I should be cruising through life right now. Sad thing is I see a lot of the next generation making the same mistake

 

[MajesticLion]

Well played