Getting rich is simple, even for a 15 year old. Just ask your butler to arrange the transfer of the monthly allowance account from your trust fund to buy an apartment, then instruct him to hire someone to rent out that apartment, and deposit the rent to rent account, and the secret is, you don't touch the monthly allowance and you only spend what you have on your rent account. Then with the next allowance you buy the next flat. Also, when you travel, be sure to take the smaller Citation CJ3 instead of the usual Challenger 650, though your peers might sneer at you, keep in mind, you're playing your own game, husslin' and saving up! Don't go to Milan shopping for clothes, Rome will be just as good, but will save you money. The key here is obviously, discipline. So in time, you will acquire lots of apartments and in no time you'll be rich beyond your dreams!
Out of touch liberal and always trying to see color racist actress Cate Blanchett called herself “middle class” and lectured everyone else who is “middle class” and “white” on how to not be tempted to be a “white savior” despite her reported net worth of $95 million at the United Nations news conference held at the Cannes Film Festival and also calling herself “white” and “privileged.” 😬 Page six had the actual FULL clip showing how out of touch she is. Liberals are crazy out of touch thinking they are woke while they sleep through reality trying to cause division and stop the real solutions that actually do exist with things like naturally function and capitalism, where you let people’s wallet be what makes the deciding factor of what business’ and influences thrive, and what ones fail. I have a feeling she’s about to fail and her influence will fall.
Do not forget, should you decide to purchase a fine automobile, in lieu of purchasing a $20M bespoke coachbuilt Bugatti, do consider acquiring a $1.7M Koenigsegg Gemera. Due to your intelligent decision, you will retain $18.3M, which may reimburse the medical fees for the fine gentlemen employed by the insurance firm, should they inevitably suffer a heart attack, following being informed of your chauffeur's accidental demolition of your Koenigsegg Automobile. Regardless of the fact that your 3 previous butlers quit within a week, it is most professional to speak to the hospital with the dialogue, "My butler will momentarily complete the funds transfer to reimburse the firm's medical bills." And should you seek to acquire a wristwatch, I would advise you to avoid obtaining possession of a Rolex. Alternately, purchase an Omega, due to it being a tad bit less expensive. Do not worry that you will seem impoverished to your comrades when not adorning a Rolex, for the Omega wristwatch more than compensates for its inexpensiveness, owing to the fact that it is the very same brand that Mr. James Bond wore. Do not mind that Mr. Bond worked for a job and was trapped in the rat race, it should not matter. Should you follow this advice, you may obtain a slight financial advantage over your HS Sophomore peers.
I was born in the 60's. My father gave me money each week. Coins. Pocket change. When I was 15 (70's) my father gave me an allowance, a few $1 bills, for mowing the grass, taking out the trash, etc. If you had given any 15 year old from my generation $300 we would have purchased cocaine, or at a minimum, bags of Mary Jane. No one, and I mean no bank anywhere, would have given us a mortgage. "What is your source of income for this mortgage?" "My allowance from my parents." "Get out of my bank!"
My "allowance" was like 100 dollars a year, and that's if you include Christmas and Birthday money gifts from extended family. Other problems with this advice: - A 15 year old is not allowed to own real estate in the US to my knowledge. - There is no real estate for sale for 300 dollars. - You don't just get money from real estate that you own, you have to rent it to someone. - You also will have to pay property and income taxes on that real estate. - You will also need insurance, probably additional insurance costs if you are renting it. Possibly including frivolous lawsuit insurance.
yeah, no kidding, the only thing you could actually buy is a stock that is a real estate investment firm And... they definitely do not pay 10% divvies every month 10% divvies are a fantasy
@@eplantiYeah, 10% a month Is not realistic but at 15 If you Invested just 100 bucks a month for 30 years. I would think that would pay quite nicely. And you could always reinvest the dividends to make your money grow quicker. Just sayin'.
@@cassidy99ful If the register of deeds does not list your name or the name of a business that you own, you are not the owner. No one is going to pay you 30 dollars a month or even a year for your 300 dollar investment into a fractional share of real estate.
i’m 22, my parents never gave me an allowance, and my first (unofficial) job was at 14 as a local babysitter- no way was I earning $300 a month that’s hilarious 😂😂
You're not thinking bold enough. You're not thinking about the right industry. Let's consider the Escobar role model for all the Cardone's wannabes, a high-risk-high-reward (play stupid games, win stupid prizes) career. From my humble point of view of someone who never could buy a "piece of real estate" for 300 USD that would have "paid me" 30 USD although he didn't specify in which time period, I assume it to be 1 month for consistency with his babbling. My dog's house was a front-garden high view high quality real estate that was worth more than 300 and I didn't had the heart to kick the dog out on the streets. If I interpret correctly Cardone's point of view, I'm a total unrecoverable useless failure. Fair, I'll never be on his list of friends with "money to invest", never was, never will.
@@anakinskywalker6666 exactly who knows. i do think a legally binding contract cant be signed by someone whos note legally allowed to sign said document. but like you said who knows because this is the new America
"Real Estate Investing Advice For 15-Year-Olds" by CaptainFoufeu. Chapter 1: Dont even think about it. You have to be 18, the age of majority, to even begin investing in real estate by federal law. The End.
I didn't have pocket money growing up. The only money I got was for Christmas and Birthdays. But putting that aside, what investment give you 10% return every money.... That's INSANE.
Exactly my thoughts! 10% per month??!! He's a complete idiot! That means you're making your money back in less than a year! You'd be lucky to find a 10% per year investment with a measly $300 capital. The delulu is strong in this one!
He actually brought is first property at the age of 15 and now 48 has a massive portfolio. I don't think he realizes that the money his rich daddy gave him is not actually the norm for most kids. And the big lowans he was mowing don't exist in the areas most kids grow up in.
When I was 15 years old I didn’t know what an allowance was. You got paid for doing chores? I was lucky to even get anything more than $10 on my birthday or on Christmas. Easter if I’m even more lucky.
>Buy a piece of real estate that pays you $30/month Assuming he's suggesting that real estate cost $300... paying out $30/month would be $360/year. That's a 120% annual rate of return. No investment offers that. When I was 16, I did not have an allowance, but I did have a job at Little Caesars. I could not have made these kinds of investments back then even if I wanted to.
I am assuming he means per year. But every month you put 300 dollars in. Ideally, if you have 3600 dollar invested each year , and get 30 dollars for each 300 dollars you put in. HOWEVER, even if that's what he ment, that's completely stupid. Having 10% return with no risk is also stupid thing to say. Having 10% roi is incredible
When I was 15 years old me and my family were living in a shitty part of Northeast Philly (Mayfair if you are curious). A 15 year old getting a job was IMPOSSIBLE! Dude said to have a side hustle like mowing lawns. My brother in Christ! 99% of people from where I’m from didn’t have backyards! Or front yards! Almost no one I knew owned a lawn mower. And if you were lucky enough to have a front yard it would way too small! You could mow your lawn in 10 minutes tops! Why ask a kid to do it? Local businesses wouldn’t hire 15 or 16 year olds because they were too young and might steal stuff while at work. The only jobs a 15 year old could do are shoveling snow for someone (seasonal job and you were lucky if you got paid anything more than $5) or ask for a under the table job at a church where they might pay you $10 for cleaning the floors and benches. Grocery stores, gas stations, playground staff, delis, pizza shops or anywhere else didn’t want you! And if I’m being 100% honest I didn’t know some kids got an allowance from their parents or grandparents for doing chores. For me it was just “do the dishes, fold the laundry, do your homework & walk the dogs and I’ll let you play on your Xbox for the rest of the night”. I never got paid. I barely got money for Christmas & birthdays too. I don’t know anything about investing in real estate or anything like that but after reading the comments here it seems like this was bad advice even if a 15 year old somehow made $300 a month. I can tell this dude didn’t grow up in a big major city. If you had a side hustle like mowing lawns then you definitely lived in the suburbs or in the country. And hey there is nothing wrong with that. Good for you if you were able to do that. But don’t say every 15 year old should do this because not every 15 year old can. Some of us live in cities where it’s dangerous to walk to a store or walk to school. Or live in a town where there isn’t much to do in terms of getting a job. For some of us it’s impossible! Do your dam research!
that's why you never listen to these 'smart way to be rich' guy, if the way of 'making money' is shady, not clear and you know the money they start with is given, then believe me all they sold is scam.
Who gets a $300 monthly allowance?? I never got any allowance at all. I had to do extra chores to make money. I never even had $100 to my name until late high school.
I fully expect that this man as a kid mowed all of the lawns in his town if he’s going to say getting $300 dollars as a 15 year old from side hustles is possible.
i think my allowance was like $210 but it was for food. i just would just try to get free food at school by finding meal tickets on the floor to save the money
I monopolised the smoke trade in my high school it paid for my smokes alcohol and weed. Not sure if that would come close to a house. Actually pretty sure not close.
Both can be true. I had a paper route at 13 of all ages but decided I didn't want it pretty quick. You may say 'but newspapers are dying' but then you fail to see the point. I was a bit soft then. But the generations coming up are a joke. Also my brother had an after school job at 16.
When I was younger I went out and got every "Get Rich" book out there. I must've read a total of 40 or 50. They all spend the first 90% of the book talking about "Getting the rich mentality" blah blah. And then finally at the end it says "Okay...so down to the practical stuff. Take out $100,000 and invest in ____." WTF?
"One Thousand Ways to Make $1000" - F.C. Minaker - counterexample. However, not for 15 years old. When I was 15 years old, my allowance was that I was allowed to eat after finishing my chores. And (luckily?) I was not reading about investments and real estate, I was sooo in the Van Damme, Arnold Schwarzenegger, Chickie Chan and other cool action heroes. And cartoons. But hey, maybe there are more entrepreneurial types at 15 (I don't know any).
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Funnily enough I already made about 500€ bucks a month at 15 as a waitress. But I had to save up for my licence, a car, my clothes, school stuff etc. So even if you happen to get those 300 bucks it doesn't mean you can invest it, as you might need it to pay your bills.
Yeah, my two kids don't see that sort of money either. My eldest is getting 1/3 that, but it's through an inheritance. Otherwise, it'd be more like 1/10th that, which is about what we can afford to give our youngest, who is autistic and still needs supervision with money.
When I was 15 my allowance was $15 per week and I have to use most of that to buy lunch at school or starve. Also, what real estate can you buy for $300 a month? A portable toilet?
Mr Cardone started his real estate business when he was like 30 years old. Oh and he received 300K to start it supposedly from his already successful brother who worked in the oil industry., It nothing to so with his teenage years side hustle..
The allowance I got as a kid was, $Do housework and we’ll feed you and let you live in our house and clothe you and send you to school $ pretty darn good wages for the 1970s.
Okay y’all, what he’s saying actually makes sense. What he’s saying is to invest as early as possibly to have ROI gains later. The allowance part okay a bit odd, but yeah you can do stuff such as lawn mowing and other things for the people in your neighborhood to get more money. So yeah disregarding the $300/month for allowance,it does make sense.
In my country, from a quick search, apparently you cannot start working until you're 16. The only exceptions are apparently in entertainment! So, depending on where puy in the world, impossible. However, ignoring country differences, I do not believe the average 15yr old has the money or allowance to invest in such. But I guess it's amusing to imagine teenagers with all these side hustles and investments lol
How in blazes is a 15 years even SUPPOSED to invest in real estate? You need to be considered capable of making adult decisions to do that. I mean, banks won't let you open investment accounts in your name as a minor after all
haha, my allowance is free food and shelter not money and I'm 14, but I actually have friends with an allowance higher than my parent's monthly income.
Time to buy myself some Broadway Estate, it pays me $50 per visitor and it only cost me $400 to buy it. Much better investment portfolio than the podcast.
I made about 40 bucks a month when I was 9 from collecting spare change I found outside everyday my siblings used to always wonder why I had money and no job 😂
Rich people would say anything just to convince you that they didn't become rich out of shear luck, and it's on you for not being rich Indeed, they're definitely hard workers out there, but many rich people (or most should I say) become rich because they happen to live in the right circumstances
I'm from the Caribbean and at 11 I got my first weekend job,by 13 it was a after school and weekend job by the time I was 18 I bought my first car and by 21 built my own house and that wasn't uncommon for kids in my generation now I'm 40 and I own 250 acres of land ,I don't presume that everyone owns that much but every kid I knew growing up had a weekend or some kind of part time job its what trains kids to be up standing citizens
Well, you can invest in real state without having to buy a house or property through a REIT, but in many if not most countries, a 15 years old is not legally allowed to open this kind of accounts. Also, never heard of any REIT or investment that returns 10% a month.... this is nuts, maybe 5% a year for the top performers. But yeah, $300 allowance a month for a 15, on this times? seriously? That man is not really speaking to the average, its just giving bonkers advice.
