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3 Steps To Build A Passive Income Empire 

Toby Mathis Esq | Tax Planning & Asset Protection
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There are 3 steps you need to learn in order to build a passive income empire. In just 3 simple steps, you could be passively earning money to build up your legacy on a whole new level.
Passive income is an excellent way to supplement one's income and create a brighter future with more security.
Learn Next Level Passive Income Strategies Through Real Estate & Stock Investing. Register for our next Infinity Investing Workshop for FREE 👉👉 inf.link/fb0592
"You're going to be much better off" 10:23
Toby Mathis, Esq. has spent years of his life generating income through real estate and investing. Along the way, he has picked up the secrets to developing a strong passive income that is sure to make a difference in your financial future.
Watch our video through to the end to learn all these insider secrets needed to get one step ahead of the rest.
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Show Notes:
0:00 Intro
0:10 Assets
2:56 Step #1 70/30 rule
6:39 The 30% rule
13:51 Step #2 Diversify
20:04 Step #3 Managed Money
25:30 Lever your assets
32:59 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#passiveincome #dividends

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9 май 2024

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Комментарии : 1,6 тыс.   
@TobyMathis
@TobyMathis 29 дней назад
Claim Your FREE 45-minute consultation to receive business planning tips and asset protection. 👉 aba.link/cf164e
@desromic
@desromic 5 месяцев назад
It's refreshing to hear someone giving financial advice and including "be a decent human being" as part of that advice.
@TobyMathis
@TobyMathis 5 месяцев назад
Thank you so much for your kind words!
@victorl225
@victorl225 Год назад
This should be a mandatory video in high school or college
@Dahmer_Jeff
@Dahmer_Jeff Год назад
Never. School is to teach you how to be a W2 earner. Bare bone basics. It's up to YOU to seek and apply wealth building knowledge. That's why there are books...READ.
@johngarcia5147
@johngarcia5147 Год назад
i thought the same thing, then i read your response, how come they don't teach this to kids ?, my parents never saved any money , so I didn't, I been telling my kids to do it since they were young
@BarkaDog
@BarkaDog Год назад
@@Dahmer_Jeff this video is bare bone basics as well. The video might be too much for YOU, but it’s all basics.
@humain-dcncy
@humain-dcncy Год назад
I wish some body taught me in my 20s😊
@saqueradry3629
@saqueradry3629 Год назад
@@Dahmer_Jeff exactly. People haven’t figured this out yet? And you put it nicely. School teaches you how to be a slave!
@danmajkut5610
@danmajkut5610 Год назад
I’m not sure how many different people I’ve watched or read to get better at my own financial literacy, but this guy is the absolute most straightforward person I’ve seen. Really great advice for planning. No extra crap.
@TobyMathis
@TobyMathis Год назад
Thank you, Dan!
@goodwitch50
@goodwitch50 Год назад
Absolutely agree!!
@michaelcasal3857
@michaelcasal3857 Год назад
Straight up numbers and facts. Still. The fluff and stories Robert Kiosaki brought up 20 years ago in Rich Dad, Poor Dad gave the internet catch phrases like "passive income" and the importance of "cash flow". Quite possibly the 1st guy to coin the phrase "passive income" and clearly define them as royalties, dividends, etc. With the popularity of YT videos, entrepreneurs found a new way to generate "royalties". Then throw shade on the guy for being non specific on "what to do" or "when to do it". Pretty much everything in this vid says use cash flow to buy assets. Even has the same definition of "assets" that Kiosaki introduced 20 years ago.
@jsaunders1974
@jsaunders1974 Год назад
💯 agree on your comment. This is great information!
@radarchannel9252
@radarchannel9252 11 месяцев назад
@@TobyMathis. P😊
@KiyosakiSays
@KiyosakiSays 10 месяцев назад
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki
@nicksaylor3288
@nicksaylor3288 5 месяцев назад
True but this guy has outdated advice. Everytime I listen to him in an interview my brain cells jump of a bridge.
@MaximilianCederholm
@MaximilianCederholm 5 месяцев назад
How do?
@nicksaylor3288
@nicksaylor3288 5 месяцев назад
@@MaximilianCederholm have you not heard the crazy stuff he says all the time? His call flow stuff is good everything else is garbage
@lisaj2840
@lisaj2840 27 дней назад
how do you borrow from your stock investments?
@XingtheRubicon
@XingtheRubicon 20 дней назад
RK tells people to do illegal stuff half the time.
@kb81ccme15
@kb81ccme15 Год назад
I live on $ 2000 a month as a single mother. No child support, so it looks like I'm going to need a few side hustles to do this, but at least now I have a plan. Thank you! 🎉
@Ryoma_lawang
@Ryoma_lawang 5 месяцев назад
You can try to get a digital marketing certificate online. It may cost you about 50-100 dollars depends on your learning time. After you get the certificate you can looking for some really good side hustle. $20 to $30 per hour.
@InnerGiggles
@InnerGiggles 4 месяца назад
Good luck!
@mariemyers6747
@mariemyers6747 3 месяца назад
​then what do you do with it?
@sophiec3592
@sophiec3592 2 месяца назад
From a fellow single mom with no support, you’re doing great by looking up these video. Those who seek, will find.
@aspreedacore
@aspreedacore 2 месяца назад
Opening a high yield savings account or money market account at the minimum both are free and you get compound interest on your own money saved for life
@johntorrington2672
@johntorrington2672 Год назад
Giving was the one aspect I missed for 30 years of growing wealth. It changes EVERYTHING when you do it. It's written into the universe somehow.
@jaqueitch
@jaqueitch Год назад
I love it!
@TobyMathis
@TobyMathis 3 месяца назад
Thank you
@TobyMathis
@TobyMathis 3 месяца назад
agree
@TheSportsPROgram
@TheSportsPROgram 5 месяцев назад
Not only is this great quality content, bu the fact that he is encouraging giving back in some sort of form, makes it exponentially better.
@adambenson6781
@adambenson6781 8 месяцев назад
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
@andersonmarylyn8551
@andersonmarylyn8551 8 месяцев назад
I agree, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of $160k
@skynet251
@skynet251 Год назад
This is Gold🏆 . Something schools will never teach.
@skynet251
@skynet251 Год назад
Thanks , already have a stock portfolio bringing me cash flow
@CS-qc7np
@CS-qc7np Год назад
That’s what RU-vid is for!😂 Seriously, our districts teach finance in elementary, middle, high school. So you should have a discussion with your local board members to change your district’s curriculum.
@ridgevaldez
@ridgevaldez Год назад
My public school taught me about the basics of economics and investing. But when they “taught” this my primary focus was on quick females (damn hormones). 15 years later I know better now and I am acting accordingly to slowly build generational wealth and be a better person.
@abduljabbarmohammed4188
@abduljabbarmohammed4188 Год назад
He got the information from a book called rich dad poor dad. Go and read it, it change your life . And when you are successful remember me .
@grzesiekszewczuk1741
@grzesiekszewczuk1741 Год назад
Yes because they want us to be poor. To work all live.
@gradysimpson3137
@gradysimpson3137 Год назад
I really love this explanation on how to properly structure your finances for wealth. Its not get rich quick, but is a gradual process to building wealth!!
@anneerickson6447
@anneerickson6447 Год назад
Toby - you have made personal and investment finances understandable for the first time for me. Deep gratitude.
@gedeo
@gedeo 4 месяца назад
This video should be required to watch by everyone in high school and quizzed on before graduation.
@TobyMathis
@TobyMathis 4 месяца назад
Thank you
@MRkriegs
@MRkriegs Год назад
I'm not even going to lie, this was a very solid video. Step by step. Realistic. Solid, safe advice. No fancy steps besides some of the option talk. This strategy will see results. Good job!
@leeoverton5807
@leeoverton5807 5 месяцев назад
Brother- I 4:55 completely agree about giving. However it is giving because you want to give- that is the payback. Awesome advice- Thank you
@carlacosta4896
@carlacosta4896 Год назад
This was by far the best and most straight to the point lesson on financial success. I truly appreciate having come across this video. No bu***t, just plain facts and super easy structured. A big thank you, this is public service ❤
@coreymyers3968
@coreymyers3968 Год назад
I listen and watch TONS of investment advice videos on RU-vid. This was great! The leverage advice is something new to me. Instant sub here!! Thank you Toby
@RedPandas3111
@RedPandas3111 5 месяцев назад
Wow this is gold, thank you so much ! I was recently blessed with a job that pays me six figures and I can honestly live with half of my salary so for the first time ever I have the opportunity to truly invest and accumulate wealth, I blew a lot of money on expensive cars when I was younger but I wasn’t ready for this kind of wisdom and maturity back then, today I’m 41 and I’m more ready than ever, the universe works in mysterious ways and everything happens at the right time, thank you again and god bless you all!
@GillianAllison
@GillianAllison Год назад
This is the most succinct explanation of developing a wealth portfolio I have heard. I have been watching others on the platform and they say the same thing but this right here "bestest", clearest, easiest to understand and implement. Thank you 🙂 👍🏾
@didienva8576
@didienva8576 6 месяцев назад
This was very inspiring. Gets straight into the point right from the start about assets and liabilities. Also, I've never seen in any videos of this kind suggest "giving". I did it as a younger (and poorer) self, but my obsession with money gradually led me to neglect it. Thank you for reminding me.
@khaleefax9553
@khaleefax9553 4 месяца назад
*In my faith, that giving 10% in charity is A PROVEN AND GURANTEED way to increase your wealth 100% GUARANTEED!!.*
@marshallhennington4369
@marshallhennington4369 Год назад
Mr. Mathis, this was excellent information. I appreciate the insight. Please keep it coming!
@iangoddard57
@iangoddard57 6 месяцев назад
Toby I’m from London England, about to retire. Made loads of mistakes financially over my life. I know when I see a decent straight talking guy. You are dynamite my friend. Thank you so very very much. I have read books, searched to learn. You just smashed it wide open. Wishing you well Toby, keep doing this, the ordinary slogger guys and girls need you.
@aliyahmerrit5402
@aliyahmerrit5402 5 месяцев назад
If you need some market tips i suggest you get in touch with Laura Grcae Abels
@aliyahmerrit5402
@aliyahmerrit5402 5 месяцев назад
I recommend researching her further on the web, she's well established with over two decades of experience in her line of work.
@WaltersAssetProtection
@WaltersAssetProtection 5 месяцев назад
My father was serious about this except we lived off of a quarter of his pay. 😅 He was full of wisdom and despite passing away very young my mother has never had to work a day in her life due to how he invested. I'm so grateful for everything he taught me. This is great advice. I share advice I learned from my father and what my life experiences have taught me. Thank you for sharing your knowledge. It's a shame this isn't taught in school.
@TobyMathis
@TobyMathis 4 месяца назад
You father sounds like a very wise man. I appreciate you sharing. We need more like him. Sounds like his wisdom is being spread by his daughter though:-) Keep it up.
@WaltersAssetProtection
@WaltersAssetProtection 4 месяца назад
Thank you so much@@TobyMathis
@wernerbresler8212
@wernerbresler8212 Год назад
Thanks Toby ,great info and so informative.
@jamesosei6888
@jamesosei6888 Год назад
This free video gave me more value than anything I have purchased. Thank Toby!
@TobyMathis
@TobyMathis Год назад
Great to hear! Thank you for watching us!
@juliegeorge8533
@juliegeorge8533 Год назад
I am only a few minutes into your presentation and I had to comment that I love your ethos about giving/donating if not money then time and skills. This opens up so many amazing opportunities and friendships. Not bible thumping but to paraphrase- seek ye first the kingdom of God (good?) and all these things shall be added onto you. Practically every faith system in the world echoes this sentiment. B blessed! xxx
@nishmin5244
@nishmin5244 8 месяцев назад
Liquid gold! Where have you been all of my life? Thank you Toby for sharing this knowledge!! ❤
@rmbrugge
@rmbrugge 4 месяца назад
Love" live within your means" too many people confuse wants vs needs. I have only bought a new car once. I am proud to drive a used car knowing I am putting my money into assets instead a car payments . Great video.
@georgesmith9178
@georgesmith9178 Год назад
I have never seen such a great explanation, with concrete examples, of how to build passive income. Thank you Toby, a wholehearted thank you, and big thumbs-up, of course.
@senioradvocates3262
@senioradvocates3262 Год назад
I just wanted to commend you and thank you. As a 55yo I have heard the value /importance of giving presented every time in regards to financial planning or budgeting. Some times as an afterthought and others as the central point. And I agree with that all day as life continues to prove we get what we put out. Yet, giving is so low on my priority list it has zero weight with no room for future expansion due to the long line of things ahead of that I believe are under funded. You made the topic important by allocating time to it. More than most. You pointed out how resources can be assigned in a few ways to so as to include everyone, while showing empathy even if nothing is being allocated currently to giving, then invested extra time in highlighting the multiple benefits. Thank you for that. You managed to make a crack in the foundation I’ve built and been reinforcing for decades large enough for me to realize it’s futile to restore it. My only option is to replace it.
@Shunpall
@Shunpall Год назад
Although many roads lead to Rome, one's gotta be the fastest route; for being the most actionable route for me, this tutorial just presented itself as my fastest route and I have you Monsieur Mathis to thank for "eating one and teaching one". Hopefully I'm able to reference this video within 2 to 3 years to give credit to whom credit is due. Wish me luck and thanks again!
@cindy-tron
@cindy-tron Год назад
I LOVE what you said about charity/being of service to others. I feel like few people in your field would underline that so pointedly, kudos to you.
@Madmun357
@Madmun357 10 месяцев назад
Love it Toby! One thing I do instead of managed money is I look at well-performing mutual funds or ETFs and steal their ideas for good stock picks. Also, as a news junkie, I get ideas just from watching news stories, not necessarily financial news. I'd like to get involved in other asset classes but I'm not an accredited investor (yet).
@robertduan5143
@robertduan5143 Год назад
Every high school student should spend 30 minutes listen to this. If they can put this into practice, they will be set for life!
@briandeluca6908
@briandeluca6908 Год назад
Not wholesaling
@kr2969
@kr2969 Год назад
I agree.
@moldymoss3991
@moldymoss3991 Год назад
I’m gonna turn 17 soon, but this guy is solid, I think the idea of letting assets work for things rather than your own time is awesome, time is on my side. Wish more people were more responsible and long term.
@JenniferMurillo1
@JenniferMurillo1 Год назад
Great advice, thank you 🙏🏽
@johnluis8170
@johnluis8170 Месяц назад
Thank you Randy for staying true to your people, all politicians envy you for your good hearted braveness!
@NarsilRenewed
@NarsilRenewed Год назад
I am a complete novice to all this investment stuff, and I understood almost everything. Thank you!
@3polygons
@3polygons Год назад
Absolutely loved the giving part (it's a big source of personal happiness). Would have never expected to find it in a video about passive income, but absolutely loved it. I specially agree on that point. And the whole video, actually.
@nathanhildebrandt2672
@nathanhildebrandt2672 Год назад
That stuck out to me too. I'm an Evangelical Christian, and believe very much in giving. However I listened to Robert Kiyosaki who is not, but he also emphasized how important that was. To me it seems interesting that even in the secular world, they are finding the benefits of giving.
@grobson4
@grobson4 Год назад
I also loved this message on giving in the context of financial education. Giving’s reward is a promise from Jesus Christ, The Trustworthy One.
@c17airborne
@c17airborne Год назад
I respectfully disagree with you. I'm not against giving but it doesn't have to be money. You can give in other ways such as volunteering at schools, hospitals, etc. I've volunteered for over 23 years in different capacities, it was a source of personal happiness for me. I don't have to give my money away to anybody to make me feel good about myself. Just my personal opinion.
@3polygons
@3polygons Год назад
@@c17airborne I don't need it to feel better, either, really not. When I give money to someone who is going through a rough patch, or to help some cause, I actually do it to help those people. I have also volunteered with my time and skills. But one thing to be considered is that people having very heavy/busy activity (in professional and/or family matters), what can't provide with is time, while they can help with money, and that helps, too. Each situation is different, I think both ways help a lot, whether one does one or the other, or both. But my statement about 'giving' being a great source of happiness was indeed in a *much* wider and deeper sense than just money related, and mostly about the people around you (family, friends, couple, colleagues, neighbors, etc). Most of the time not with money, but time, understanding, advice.. help, in one word, whatever you see that person needs. Sometimes it is just about being kind enough. Producing others' happiness gives in my opinion pure, real happiness, in an exponential growth of it: at the beginning, not noticeable _at all_ , just like when you start going to the gym (so, like that, and mostly everything in life, is a game of patience), but it gets to be a reality when it becomes your way of doing after some months/years. My 2c.
@brianjung160
@brianjung160 Год назад
Text for further information on how to make money from bitcoin I made up to $65,750 a day
@taocheng247
@taocheng247 9 месяцев назад
What a wonderful explanation of 10% giving. I just vaguely knew that giving brings blessing. Your words once again encourage me to give.
@Lisa-ii2sy
@Lisa-ii2sy Год назад
I’ve been looking into investing for a couple of months now. I came across you and I am excited now!! You explanation and guidance is what my soul was searching for! Thank you! I have subscribed and will be watching your channel. I am also sharing this video in particular.
@rysheppard
@rysheppard Год назад
Best video on this topic I’ve ever seen. Thank you for sharing your wisdom freely!
@organizer14
@organizer14 8 месяцев назад
Great wisdom! Thank you not only for excellent tax advice and also great life lessons!❤
@TobyMathis
@TobyMathis 7 месяцев назад
Thank you for watching!
@debbiespeckmiear819
@debbiespeckmiear819 Год назад
Thank you sir- you are helping me so much!!!❤
@annarata1718
@annarata1718 Год назад
Thank you for this simple rules!!
@joseontiveros624
@joseontiveros624 Год назад
Don't know where to start but really appreciate the information on your videos. You put the information out there so the go getters can have access to it. Strong wk💪
@anxheloripa449
@anxheloripa449 Год назад
Finally, an amazing video with great values and lessons. This matches everything my mentors and parents taught me plus a bunch more. Thank you for the video 👏
@nickuncut899
@nickuncut899 Год назад
God bless you brother thank you
@TransformerJONG
@TransformerJONG Год назад
Thanks for the principle of financial management
@hiawathanapoleon6946
@hiawathanapoleon6946 Год назад
Toby, you bring so much light to the world of investing and money management. I love the way you break it all down into manageable chunks. This is my 3rd time watching this video and I glean something new each time. Love the content!
@TobyMathis
@TobyMathis Год назад
Thank you!
@DDD-um5co
@DDD-um5co Год назад
@@TobyMathis 😘🥰😍LOVE THIS Video & Love You Toby For Doing THIS Video📸 This Is Awesome👍 AMAN Aman AMAN Aman 🙏🙃🌹 I've Been Tell Some People That WE Need To Have a Group & Each One Learn A Piece of Financial Literacy & WE Come Together In a Show&Tell•Manor....!!!! EACH•One•TEACH•One Working TOGETHER In-Order Too Overcome Like•Minded People Achieving Financial FREEDOM ‼️‼️‼️❣️❣️❣️ WOW 😳 a Beautiful Thing!!!! Sir Toby, I'm Going To Share This😘🥰😍 Thanks Dearly❣️
@HameedBee
@HameedBee Год назад
Great content Straight forward and no extra crap loved it
@waynehigashi8487
@waynehigashi8487 6 месяцев назад
You are exceptionally brilliant. Thanks for sharing what we have been looking for during our entire professional career.
@Charlie101Ventures
@Charlie101Ventures Год назад
Love you’re content on this video Toby, very thorough and informative. Thank you, you do an amazing job!
@TobyMathis
@TobyMathis Год назад
Glad you enjoyed it! Thank you for watching our content!
@SaraUsnzsa
@SaraUsnzsa 10 месяцев назад
Your so cool... thanks
@Boz196
@Boz196 Год назад
Im fortunate enough to be 20 years old and still living at home. This enables me to save about 80% of what I make a year (about $24,000 aud). With the 80% I save I invest 60% into the stock market (mainly index funds) and use the other 20% to pay off my student loans. I want to get into property by the time I’m 25 so my goal is to sell some of my shares and put a deposit on a house soon.
@WealthyBrainYT
@WealthyBrainYT 8 месяцев назад
Great goal and Idea, however rather than selling your stocks I recommend reducing your stock allocation from the 60% to 40% - 45% and put the 10%-15% into a high yield savings account averaging 3%-4% to start a real estate investing fund. Selling your stocks should be a last minute resort because the Dividends you are/will be receiving from your Index funds will really start to compound after your 5 year mark. Selling would reduce that great nest AND you could leverage that nest to purchase more Index fund shares during a big downturn. Lastly when you purchase a home using an FHA loan it only requires 3%-5% down payment + fees & fees. Keep Up the good work young man.
@Boz196
@Boz196 8 месяцев назад
@@WealthyBrainYT I've changed my strategy a bit since I wrote my last comment. Im still saving 80% of my income, 50% of it goes into stocks and I just save the other 30%. The last 20% I use to pay my daily expenses. I've decided not to manually pay my student loans, here in Australia we get interest free government loans which are automatically paid off proportionate to your salary. My money will go a lot further in stocks than it would paying off my loans. I also don't really see a point in buying a house, would rather rent and put the money I'm saving from a mortgage into stocks.
@AbuMalik886
@AbuMalik886 2 месяца назад
You are a great instructor Mr. Toby.
@alipainting
@alipainting Год назад
Thank you Toby, I learned more here than in four years of college finance classes 😃
@2r380
@2r380 Год назад
LOVE THIS!! All of this makes sense. Thank you so much🙏
@TobyMathis
@TobyMathis Год назад
Thank you so much for watching!
@jaysonturner5344
@jaysonturner5344 Год назад
You're advice about giving is 100% correct. Doors will open that will blow your mind and people will begin to ask "why is that guy so darn lucky"?!😇💯
@stmaui6973
@stmaui6973 5 месяцев назад
This is a great channel. Toby is totally on the mark, and has excellent practical legal and financial advice. Thank you so much!
@TobyMathis
@TobyMathis 5 месяцев назад
Glad you think so! Thank you for watching 👍
@lolatu8255
@lolatu8255 Год назад
This was outstanding! Thank you. You have a new subscriber.
@Isaac-ev3nq
@Isaac-ev3nq 10 месяцев назад
Thanks a lot, I've always wanted to give back but didn't know how to because of my financial situation. When you said give back with your time, it got me thinking and then I ended up doing some research. Here in Alabama, you can "adopt a mile" where you keep the mile on a highway/county road free of litter/trash. It's something that always stood out to me (I've seen others doing it), so I'm going to give it a shot 👍
@dennisbeekhuizen4225
@dennisbeekhuizen4225 Год назад
Awsome video. Thank you!
@angelar3625
@angelar3625 7 месяцев назад
Amaizing information. Toby, thank you so much 🙏
@lahattv618
@lahattv618 Год назад
Thank you for reminding me this again. Continue inspiring us human being till we have a decent life. Kudos
@LettersFromAbove
@LettersFromAbove Год назад
You sir are MUCH appreciated. Blessings be with you. 🥂
@TobyMathis
@TobyMathis Год назад
Same to you!
@charneschiu
@charneschiu Год назад
This is awesome. 50 y/o and started doing everything you had recommended about 20 yrs ago. Very true about generosity and charitable giving. Also have 5 types on income plus...Cash flow business. Great work/Great advice. Twenties in school and training until 33y/o, lived off ramen, mac and cheese for 10 yrs. Started at 33 yo - zero net worth. Now near 8 figures.
@fredrickkoech8396
@fredrickkoech8396 Год назад
Congratulations on your results.
@ireneramirez3691
@ireneramirez3691 11 месяцев назад
What are 5 types of income you recommend?
@fishnmetal4383
@fishnmetal4383 Год назад
Thanks for the great video. A lot of stuff I'm already doing but I learned a few things too. Much appreciated
@blueskiesandgreenpasturesp3848
@blueskiesandgreenpasturesp3848 5 месяцев назад
You are 100% right about the power of giving.
@bstancel12
@bstancel12 11 месяцев назад
Great content! I had been keeping a disproportionate amount in my businesses. You capital allocation and tax strategies are just the kind of content I enjoy consuming. Going to trim some of my growth stocks for a higher allocation of dividend aristocrats and REITs. Sadly, just this year starting to get into private allocations, etc. Thanks for the excellent content and keep it up!
@TobyMathis
@TobyMathis 10 месяцев назад
Thank you for watching!
@saidtoumicanadian7761
@saidtoumicanadian7761 10 месяцев назад
Great content
@benitabussell5053
@benitabussell5053 5 месяцев назад
I agree the stock market is a very good way to make passive income. I have heard of several investors who were making more than $40k a month from the market. I'm ready to go into the market now, but I'm careful to not make a mistake. Or are there are safe bets?
@jermpoz2971
@jermpoz2971 Год назад
im going to follow this STARTS TODAY!!!! TY
@theetge2303
@theetge2303 Год назад
Thank you for sharing your gold mind. Merry Christmas .
@RobWilliams007
@RobWilliams007 Год назад
If you only watch one investment video, this is it!
@ExplainsItWell
@ExplainsItWell Год назад
Good stuff man thanks
@MrBobochow
@MrBobochow Год назад
This is the best wealth planning video I’ve seen thanks.
@g5061
@g5061 27 дней назад
I just showed this video to my daughter(16 years old) she’ll learn about how to manage her money.
@TobyMathis
@TobyMathis 27 дней назад
Awesome! Hope she picks up some useful tips.
@g5061
@g5061 27 дней назад
@@TobyMathis thank you 🙏
@mrsm482
@mrsm482 Год назад
Thank you very much for this wonderful information, Toby. Blessings.
@bclopez03
@bclopez03 Год назад
Great content Toby. Question on rule #2, you are saying to get each bucket up to 50k or divide our 30% into the 4 buckets proportionally? At $270/mo it will take quite a bit of time for it to get to 50k
@malcolmoliver3146
@malcolmoliver3146 Год назад
I had the same question
@TobyMathis
@TobyMathis Год назад
Apologies for the late response - it is $50k per step in order - just make sure 10% is always going into the cash bucket. Only after you are above $150k or so do you need to worry about the percentage allocation. I hope this helps:-) Best of luck.
@cindymarks4758
@cindymarks4758 6 месяцев назад
“Time in the market is better than timing the market”!!!
@totiriel6079
@totiriel6079 Год назад
Thank you for sharing. The most realistuc and straight up advice. Not conplicated and very simple to follow. The main thing is increase your income so you have extra money to start investing. There is a border line income so you will be able to live comfortably and then extra income can be use for investing.
@ormedolugo364
@ormedolugo364 Год назад
You are a great educator, I'm a big fan. Thanks for what you do !!
@MK-ix1xm
@MK-ix1xm Год назад
Agree... Its all about investing.. but wisely... So check out.. Roulette session goku
@iljafritzler6823
@iljafritzler6823 Год назад
You are right about the REITS stocks. They are even better in terms of paying the dividends as the REITS are obligated to pay out 90% of their profits as dividends secured by law, while the normal aristocrat stocks can cut off in some phases. What do you think about the Tax Liens Certificates as an alternative to REITS investing?
@maywah1276
@maywah1276 Год назад
Thanks. May God bless you.
@rubenzamora9383
@rubenzamora9383 2 месяца назад
Thank you very much!!! Great knowledge!!!! And information!!!
@ps9417
@ps9417 Год назад
Thank you Toby. I wished I had learned this 20 years ago (what everyone says). I appreciate the content and education.
@1533ramsay
@1533ramsay Год назад
👋 I 2nd that...
@TobyMathis
@TobyMathis Год назад
Glad it was helpful!
@fredrickkoech8396
@fredrickkoech8396 Год назад
Not too late to make a positive future
@ContractorLicenseSchool
@ContractorLicenseSchool 8 месяцев назад
Great lesson. Thank you. Blessings
@lb6774
@lb6774 3 месяца назад
I love that you include giving ❤
@abbibrennen2549
@abbibrennen2549 Год назад
watched this video 2 times now and I will watch this one again, like a religion, this is a way of life, that I need to keep reminding myself of. Thank you and I have already recommend your video to others!
@TobyMathis
@TobyMathis Год назад
Hi Abbi, thank you for watching our content!
@JJMInspired
@JJMInspired Год назад
Toby what an absolutely FANTASTIC video. Thank you for sharing your valuable knowledge and for capturing such a crucial part of finances- GIVING BACK. Thank you Toby.
@TobyMathis
@TobyMathis Год назад
Glad you enjoyed it! Thank you for watching our content!
@CALLJESUSLORD
@CALLJESUSLORD 11 месяцев назад
I'm blessed by this your video. All Men need it. Thanks.
@rmrogers777
@rmrogers777 Месяц назад
Thank you Mr. Mathis. I wish I would have heard this right out of High School.
@robertmontoya5044
@robertmontoya5044 Год назад
God bless you in the mighty name of Yeshua Toby.
@sharifkayum3174
@sharifkayum3174 Год назад
Excellent video. This is exactly what I've done. I would also add that interest cost of debt on the securities is tax deductible and is a write-off. I would also add High Cash Value growth from life insurance policies as a foundational asset.
@TheMovie890
@TheMovie890 Год назад
You are the man. Right On. Excellent job. You are real person.
@pedropereira8924
@pedropereira8924 2 месяца назад
Thank you so much, im doing some but im learning a lot thanks for sharing!
@ceciliaperet8145
@ceciliaperet8145 Год назад
This was a great video with really good content. I wish I would have learned some of these things years ago. I made the mistake of selling a rental house a few years back and I regret it. I definitely learned from that mistake
@erickmbatha714
@erickmbatha714 Год назад
Massive thanks to you Mr 🙏🙏
@jackiebowser724
@jackiebowser724 Год назад
Wow I am inspired by the info you gave out it simple easy to understand thank you 🤗peace&Blessings to your channel 😌
@guillermomathewskaungu2050
@guillermomathewskaungu2050 Год назад
Just subscribed, very helpful content
@soberdaybyday
@soberdaybyday Год назад
This is super awesome and makes it simple! Question - what about a 401-k that locks you into funds? I want to manage stocks on my own, but don’t want to miss the free money on the 3/1 match!
@antilogism
@antilogism 8 месяцев назад
Many plans allow you to tranfer vested funds once each year to an IRA. Keep the sweet match. No tax or penalty since they are both tax deferred. You will have 60 days to complete the transaction---OR ELSE. You'll get a 1099 to report. I did it some years ago and it was easy. If they are both at say Fidelity, there may be a direct method but I haven't looked.
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