After college, I made friends with our landlord and got him to trust me. As friends moved out, I got new ones in and raised the rent. After a few years that earned me a deposit on a nice house. I then sold that house a few years later for 3x what I paid. With those earnings, I bought a bunch of empty properties near lakes. I’ve been working on building on those properties ever since. Im 32 and in a great position! Hell I rent out a room to a friend still today. Never stop hustling! 🤘🏻 great post!
Thank you for this video Vinny. Im eating sh*t everyday right now and really unhappy. Thank you for providing me a with evidence of potential for change.
As an established succesful small business owner, I now understand I should've gotten involved in real estate instead. The potential outcome is much more rewarding applying the same amount of effort and dedication like that of a general small business.
WOW! I can’t believe what i have just heard you say. I am 58 years old and I started my business at age 28. If you asked me how i did it my words would be exactly what you just said. Everything you just said is what every person that is successful must do. Just like you all my toys are paid in full when i buy them. I only began to splurge once my money was working for me. Can I ad one more piece of advice? I go to every job displaying confidence even when I don’t have the answers. I do this because I know I can find them or figure it out later. One other thing I see so many people make the mistake of surrounding themselves with idiots. I always say “ distance yourself from idiots” Great video
Really enjoyed this. Live below your means and avoid comparing yourself to others...eg keeping up with the Joneses. A quote I always remind myself of, "if you want different results than everyone else, you have to make different decisions from everyone else." Ps. I'm a Vince too. 😂
Vinny, thank you for this video. I recently discovered your channel from your man cave tour video! I’m a 4th year architecture student paying my way through college, and students loans are a b I t c h. I appreciate all the wisdom and reassurance. In this video you mentioned staying back while your friend went out drinking - I have served food the last year and it was very difficult to give up my social life, but reflecting on my past college years, getting blacked out never did shit for me. Thanks for reminding me not to waste my money on crap, I do that too much. If you have any advice for a young student who wants to own his own architecture firm one day, please let me know ! Thanks for sharing your knowledge - Jack Q
I let all that stuff go 4200 a month apartment 2k note on e63 , now driving a 20 year old car started investing back into myself mentally physically & financially
Great video! Just came across your channel tonight with the shop tour video. Love your giving and helpful attitude! I'm 65 and you really got me thinking. Thanks!
Thank you so much Vinny, I'm trying to launch a professional medium format photography business at the moment more or less for the top end of town and your words here are full of logic, positivity and encouragement - thanks man..
This helped me so much. I understand so much now. I wanted to get a cool car as soon as I could now I understand that if I am patent then I could buy 4 of the cars I want. Thank you 🙏.
What about now? Lol, 7 months after this was uploaded. Ive been in commercial fire alarm and electrical for past 20 years. Coming out here recently has really opened my eyes.
Fantastic points to live by, thanks for sharing. Finding that one 'thing' and sticking with it is key. Also, great advice about living below your means, so many people feel like they need to compete, and they go broke doing it. Becoming the best in your respective field is so valuable and I don't think enough people put enough emphasis on their careers and goals to make themselves stand out from the crowd.
Becoming an expert at one thing is something valuable I learned early on. Once I did that, and then focused on serving my customer, then the money followed. Thanks for the reply!
I completely agree. If we really put things in perspective its crazy. For example, I'm 40. If I live until I'm 85 I still have 45 more years to crush it! That's insane to think about. Its never too late..
Speaking of $20 drinks…just cut out alcohol all together is my advice. Calculate the amount of money you spend on alcohol when you’re young and dump that into your savings account and most people would be shocked how much extra cash they have if they cut out the drinking and partying fund.
i wish the best of luck to the young guys with kids and a needy wife...... its gunna be allot harder, and if shes not in it with you and tagging rite along with you. you might as well just stop, or dump off the baggage. cuz it wont work. but if shes rite by ur side sporting the gole of "OUR" life together. the ur set. o ya, and for the guys not married or with kids yet,,, run! run!! run like hell. get ur life set up first, like this guy! he may have not ben set up first but you know what im saying. when u get married and have a kid, its all gunna change.. AND IF YOU GET WITH A BAD APPLE, your gunna go no where. shes gunna be a lead brick drowning you. pick wisely
Great video with good advice for those in their 20's. Unfortunately, our educational system is not built around basic life and career skills, and the expectations of young people in the workforce are, in most cases, not realistic.
Great video & perfect timing. I’ve been feeling quite lost lately as I run a small e commerce business on a side to make extra cash but just out of college I’m trying to figure out what I’ll do for a living. I definitely love that you asked so many questions about what people do for a living. I’ve been doing the same thing the last year as I work at this new job since I get to sell flooring to Tons of relatively well off or wealthy people. It helps get a good idea of where people find success and how. Thanks for the tips. Definitely need to work on living below my means I absolutely waste money and time there’s lots of room for improvement and the video was great gave me some needed direction 🙏🏽 I even just followed you on Instagram few weeks ago and now you showed up on my feed i was meant to see this haha
haha this is awesome! The first step is admitting you have a problem lol. Okay you don't have a problem, but you know what I mean. One thing I found is that wealthy people generally LOVE talking about what they do and will tell you the story of how they got there - they love to talk about themselves. So don't be afraid to ask. Worse case if they're a jerk they'll say no, but 99% of the time that's not the case. The biggest piece of perspective I can give you that I did not mention in this video is that life is long. For example, I'm 40 years old. If I live to 85 I still have 45 more years on this journey. In past lifetimes and with most people, 20 years is the full length of a career. So if you're say 25, that (3) full careers you'd have ahead of you. Even if it took 10 years of figuring it out, you could create the most amazing life you could ever imagine over the remaining 50 years. Sick, right?
@@VINGIGGS You are absolutely right! They all love talking about themselves and the more I ask the happier they seem haha. Also I’m 24 so pretty spot on I like that analogy I’ve still got 3 full careers ahead of me! Plenty of time to experiment and see what will work. I appreciate the reply :) definitely little bit of a boost in confidence this will help push to work harder on myself
@@VINGIGGS tiny update but just sold my Xbox it was too much of a distraction & also canceled a few of my tv subscription (didn’t realize how many platforms I was subscribed to) their just draining unnecessary money & more importantly time
@@samirfarah640 that's huge!!! Let's goooooo! You're one of the ones that is going to kill it. Stay committed and the course, and eventually you'll end up living a life that you never could have dreamed was even possible
I literally just found your channel, and love the content! Are there any books you would recommend that pertain to real estate? My field as of right now is nothing close to it, but I’ve been learning a lot about it, and wanna educate myself so I may get my foot in the door! Thanks for the video :)
Thanks for finding it! Rich Dad Poor Dad is a fantastic book in general, it'll change your mindset with respect to investing, etc. But for real estate specifically, Contrarian Playbook by Manny Khoshbin is a favorite.
Love this video, quick question. What's the difference between having a REIT and owning physical real estate? I love real estate and currently just got my first property but I'm hearing things like REITS can pay monthly dividends that's way more passive depending on how much you invest.
Thanks! I'm not incredibly familiar with each type of REIT structure, but I do know when you take on the RE yourself you have a heck of a lot more control and a lot more wealth creation long term due to sweat equity, controlling interest and making all decisions, etc. In a REIT you're along for the ride. It's a great passive platform, but I've seen people do great and I've seen them lose money in REITs, but same can go for owning yourself
Great video! I'm trying to get started in the finance industry myself and am curious about what books you would recommend related to the field. You mentioned Rich Dad poor dad, is that one you would recommend?
Awesome. Rich Dad Poor Dad is a great start. Contrarian Playbook by Manny Khoshbin is another great one if you're thinking about playing in the Real Estate space. Believe it or not I don't read a lot of books, my ADD doesn't allow me too, but I ask a lot of people a lot of questions and form good relationships with people at high level. That's where I've found the most value! Good luck and keep me posted!
@@VINGIGGS that's fantastic! My mentor currently has been a financial advisor for the past 7 years and runs in a lot of business circles, what is one way to get integrated into the similar circles confidently? I currently feel like I'm way out of my league approaching people who are running big companies and self confidence has always been a huge roadblock in my journey of growth and self improvement.
@@matthewmcardle5747 I would ask him that question since he runs in those circles around you. You need to be confident and not care what they think. Turn it around in your head and if you approach confidently and ask them about them, then you should be embraced. Successful people also like people who actually want to learn and improve themselves, and don't come off as full of crap when doing so. If you're authentic about it you should be embraced.
You mean, you're not selling a way to get rich after we sign up for your course... Just kidding more people need to give good humble advise. It's good to hear your input.
LOL nope not me. I get told I should start a course all the time, I just think its tacky and a money grab. I'm not ruling out an actual VALUABLE something later down the line, but I'd much rather keep doing what I do best in my personal life, and then give back on here when I can.
