Ken McElroy is the CEO of MC Companies, author and investor who offers a wealth of personal experiences, expert guests, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a entrepreneur, investor or just looking for real education within real estate and beyond, Ken offers no b.s. insights and resources for all levels. Be sure to download Ken's Infinite Returns Platform available on IOS and Android and gain proximity to like minded real estate investors on his exclusive real estate platform and forum.
About Ken: With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This channel is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income.
Good video. There's always another level of wealth above you. The thing is not to get obsessed with the next level. Just keep working and don't get sucked into material stuff. I work for a client with around $500m in business and real estate and he still drives a pickup truck and works his butt off. What you see on TikTok or Instagram is not real.
Wouldn't the solution be to invert the meaning of the money to represent the value of what it's being used to purchase? Everything else just stays the same. That way we start building true wealth instead of decaying. Similar to going the wrong direction down a road just turn around.
The prophet may peace and blessings be on him said: whoever takes the money of people intending not to pay it back God will perish him, and whoever takes the money from people intending to pay it back, God will make it on him to do so, God is his pardon all the way till dues of people are handed
John 3:16-18 King James Version 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. 17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved. 18 He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God.
I’ve tried a few times to be the “self made” type and just couldn’t get ahead. Kept making less than I could working for a corpo. Less stress. Less overhead. Less workload. It fits me and the “self made” thing may not be for everyone.
No market crash. This time is different, AI is going to make all of us rich, the stock market is for all of us, no crashes, crashes ended in 2008 , and govts are now so scared to allow the economy take a breath, so they want us rich, so no crash, sorry
$38.4 Trillion in National Debt. $20 Trillion in Personal Debt. States $1 Trillion Plus. Inflation.. still going! Feds ONLY Tool Interest Rates. Economy is SLOWING, Debt is the lubrication of Business. Our economy runs on PERCEPTION, Banks no long have to have 10% reserves. Some banks sitting on maybe 1% in reserve. So what happens when there is a MAJOR downturn because the cost of borrowing keeps locked down and NOT HIRING. Waiting it out. But how many more times can we have a recovery cycle. Covid PROVED one thing... the Government can DESTROY all your Wealth. So you are sitting on 10,000 Apartments and. BILLIONS in Property. But people can not pay the rent. So they default. Then the Federal Government does what they did during Covid and tells people they will not have to pay their rent for X number of months. Ought Oh! You are still paying property tax on your 10,000 apartments. Borrowing is extremely expensive. And then what? Just a thought. The "trick" is Social Currency - who you know. And legal protection. Somehow during the worst of times the people at the very top always seem to hold onto their wealth but the working class suffers. So investing in property right now is a game for those who have Social Currency, Legal Connections, and most importantly the ability to wait out a very long crisis, Others will lose the property investments to the Government via the TAX MAN. Glass Half Full or Half Empty? There is a lot more going on "behind the scenes" right now. Because it's an election year expect to see a rosy picture painted right up until 2025. The real question now is who has money to invest that is in the lower 90%?
Good work mate, I take my hate off to you. I'll "retire" soon with no house, no family and no money. I'm finding it hard to enjoy videos of fine things these days which is a shame because people create some amazing things and show some beautiful adventures as you have respectfully spoken here about what its like to have f#$# you money.
In Canada, you weren't investing a million, you are giving them an knterest free loan. If you had that in the stock market for 5 Years you would have made 500,000. So what we are actually doing, is allowing 10 million people to steal half a million dollars worth of citizenship in the US. That's 5 trillion dollars stolen from US citizens in just this latest wave of illegal immigration.
Whoever decided to give a version of currency to the world that we all live on for free is the worst villain in the world like the fact that we have to pay to live on this world is a joke animals can make their own houses for free yes of course we knock it down but still the fact that we have to pay four things they can get for free in this world is disgusting like when you think about it no one really is broke and no one really is rich when it comes down to it, we are all technically on the same level
I wonder how much debt Mr beast is in because when you realise how much his videos is built through loans like I understand that he makes it back but I still wonder how much debt he actually has
We're in Financial Uncharted Territory! Every day, we encounter challenges that have become the new normal. Although it was once regarded as a crisis, we now accept it as the new normal and must adapt accordingly. How can we boost our revenues during this period of adjustment, given the country's current economic difficulties in 2024? I cannot let my $800,000 funds vanish after putting in so much effort to accumulate them.
In general, you should maintain some of your gold holdings. Given the current economic and financial conditions, it would be prudent to avoid stocks for the time being, and it may even be prudent to seek expert counsel.
I stopped following and listening to the financial advice of these RU-vidrs since I ended up with a lot of complicated stocks and no idea when to sell them for a profit.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!.
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to kiana rachel
kiana rachel. understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.
hey bro great video i was wondering if you can buy me a graphics card for my computer i think it cost like 270$ my old card from 2015 has had it's time and is no longer capable to play games that they have in this new era
There are so many takeaways here. The main one that I have always followed is regardless of what is going to happen or what is happening, buy cash flowing assets. This is one of the only way you can protect yourself
Japan is has no natural resources to speak of and is one of the world’s richest nations. They have lots of smart, industrious people, which is the actual key ingredient to make a prosperous country.
They are "rich: like we are "rich". DEBT is not Capital. "As of March 2023, the Japanese public debt is estimated to be approximately 9.2 trillion US dollars (1.30 quadrillion yen), or 263% of GDP". Japan is in SERIOUS TROUBLE and they have a declining population and a bazillion old people to take care of. The ONLY advantage they have is they generally own their own debt (if that makes sense).
As a guy stuck in the corporate world because I thought it was the right thing to do and not having the funds to start my business; you can live fine working a 9-5 , but the biggest issue is living at or over your means. I live way under my means (house is 2X my yearly salary , car is paid off, wife as a standard car and understand the end goal) I'm 30, been in the corpo world for 8years now, I have a small house that should be paid for by the time I'm 40 and invest on the side currently at 100k aside in ETF and other stuff like 401k match etc. Hopefully I have 2 options, retire by the time Im 50 or start a business by the time the house is paid off and I'm 40. Unsure which way I'll go because honestly, I get the ''be a business owner'' but I have no idea where to start or what to start since my family have been in the corpo world for generations. Hopefully I'll be the first to start the family (small) generational wealth snowball.
For me its not freedom owning multiple cars, houses, a jet...because you or someone else has to take care of all those things. What you own owns you, even as a billionaire. Oh yeah and also when you own those things, people realize and start to harass you...no thank you. I rather drive a - fully equipped, reliable - Toyota and wear a simple, yet nice looking dress watch than bragging with Rolex and Bugatti...
What really happens when you have this kind of money is you become a cliche. As my net worth grows I can feel myself at the stage where I ask myself the question "why do I want more", "what's it for".
Very practical advice. One advice I give to people who want to go into real estate is to make sure you're not overpaying for the house. I want to branch out to the stock market now, and I have set aside $200k, but I'm not really a pro in that aspect.
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow, joanna claire focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
Good advise. I'm doing ok in the Netherlands, but we don't have instand write offs here. A jets costs would only be deducted from the profit so NOT 100% from the tax to be paid. I do think that starting ones career in the capitalist US gives a person a much easier way to riches than socialists Europe. I see many Dutch entrepeneurs leaving Europe now and all speak about how easy it is to make money outside. We're not used to that ease. My advise to any entrepeneur reading this. If you find a Dutch businessman in your country, do business with him/her. You'll find brains, inventiveness, adaptability, hounesty and loyalty you have never seen before.
When you understand that it’s a power game, not a “money” game, then the future becomes clearer. Money (speaking of fiat) is just digits, and it will be bent and warped to do whatever it needs to do to perpetuate the power of its masters. Hard assets are the only real wealth. Not digital, not paper; HARD ASSETS. Play the fiat game and make digits go up, but always consolidate a proportion of those “gains” into hard assets; and make sure those assets are in a jurisdiction where they cannot simply be taken from you.
