How I Earn $6,500/Month In Passive Income | Fired Up 

Investing is a fabulous way to save money for the future as well as a way to generate passive income. Those who make poor mistakes early in life regret them later in life. But, if done alone, investing may be challenging and risky. For this reason, I suggest consulting experts for advice (financial advisors). The difficulty lies in effectively employing it, not just watching videos and reading investing books.

I'm moved by what you said. I have a sizable amount of money that I am willing to invest if given the appropriate knowledge and I am highly interested in investing. My greatest concern is losing money on a bad investment. I'm open to hearing your advice on how to make sensible investments as a result.

Please let me know how to contact your financial planner.

My fiduciary is Sharon Lee Peoples. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or seek advice from certified market strategists.

@@FrancisOubre No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit a 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.

@@MichaelGrimm501 Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.

@@MariePrater Victoria Carmen Santaella is who I work with and she is a hot topic even among financial elitists. Just browse, you’ll find her, thank me later.

@@MichaelGrimm501 I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get.

The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.

Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.

What strategies can I employ to pursue this opportunity? I am wholeheartedly dedicated to securing my financial future and am enthusiastic about getting involved.

'Laurelyn Gross Pohlmeier' 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.

I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

Lol

Just a friendly FYI, the US government prevents you from working while waiting for your visa/green card. The green card doubles as the immigrants work authorization.

@@WattersWaveYo FYI. They're in Canada. Even undocumented Mexicans in the US still find a way to grind and support huge families. It's even easier in a world of international remote jobs. He's clearly just a bum.

@@WattersWaveYo Majority of my family came to the US like him and found side jobs. It's far from impossible

city boys up

Not everything has to make sense. An example, this video.

Right? I'm shaking my head every turn. Must be a paid sponsored video from one of her 7 homes.

Yea and she was making like 20k or less up until 5 years ago. That really doesn't make sense.

She played the GME lottery and won. That’s how. Sometimes all it takes is a DOGE coin move and you are rich.

Agreed! She talked about growing up poor and making more than her parents made (when she was making 52k as a project coordinator) so I doubt she got money from them for this. It's a really poor video.

I sincerely believe people often underestimate financial advisors' importance too. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.

Kristin Amber Landis has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

She has so much property debt! With a baby & a boyfriend that doesn't have a job, I seriously cannot understand how she thinks she can be "retired" at 40? Especially that kids also get more expensive as they grow up.

@@akirebara Shes a fraud imo, numbers don't add up. 150k salary plus 78k in rental income equals 228k per year. She said she needs 100k to live on, but saves 70% of her income. If she paid no taxes on that 228k (which is 140k after taxes at best), 70% savings would leave her with 68k per year or 42k after taxes, way short of her 100k number.

The opener said she had $850k but then it showed $250k in investment accounts? Does that mean she has $600k in cash? And 3 separate mortgages? Very confusing video…

@@heyaisdabomb She also never says how much in real estate debt she has to pay out each month in order to keep the properties from being repossessed .. not to mention the maintenance and upkeep on the properties she rents out. None of this adds up!

@@heyaisdabomb She doesn't pay taxes on some of it. She's maxing out her tax advantaged accounts

EXACTLY !!!!! LOL !!!!! Why do I always feel like these FIRE people are just living a pipe dream and pretending to retire. lol.

​@@dropoutandretireearly1781Agreed! It's often unclear what money they use to live. There's a difference between cashflow and net worth. IRAs, 401Ks shouldnt be touched until old age and rentals properties money (with mortgage) don't provide much cash flow. How do these people pay their bills?

I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

KENNA MURIEL HESSELING is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

You should be living off of part of each others income and then putting aside $30,000 from both of yours. Then again, I'm not really a trusting person and i'm not married. You can consider diversification, at least that's what advisors say.

Agreed, Personally I delegate my investing to an advisor, ever since i suffered losses and a nasty divorce in late 2015. As of today, I'm semi-retired working only 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments.

Don't divorce... Behave and good luck. My partner’s been considering going the same route, could you share more info please on the advisor that guided you to such impressive gains

Kind of irrelevant, if they get divorced the assets will be split down the middle regardless of who "earned" the money.

I've shuffled through a few advisors in the past, but settled with 'Monica Selena Park' her service is exemplary. I'd suggest you research her further on your browser and let me know what you think.

Each strategy carries its own set of pros and cons and picking the right one depends on your specific financial goals, but in order to execute such effective decisions, it must be through a skilled practitioner.

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

thanks for sharing

American workers are losing ground on retirement readiness and increasing the risk of outliving their assets, we all need to do more to help improve the savings and retirement security. If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.

Could you recommend your wealth manager? I'll be happy to use some help.

Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds.

Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however. I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter

You're absolutely right about the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.

Employing a professional financial analyst or advisor can certainly add value by offering tailored advice, portfolio diversification, risk management, and timely insights. Their expertise can potentially speed up wealth creation and navigate market complexities, but it's important to choose someone reputable and consider their fees, as they can impact your overall returns.

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000

I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?

it might be difficult finding the next apple within the tech stock sector, maybe look outside of tech stocks, better still talk to a financial expert .I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

@@user-ip8pf7bf3w How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@@RasmusLarsen-kt6vz There are a lot of independent advisors you might look into. But i work with LINDA A STEINER and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

SAVA, alzheimer pill on the verge of FDA approval with a company founded in 1998. Said to have zero negative side effects, slow progression of alzheimer, and slightly improve the symptoms, on the final phase of fda testing to be completed end of 2024. Small biotech company solely working on their one product, the alzheimer pill. They also discovered that combined with a separate FDA drug which targets pituitary cancer tumors, the destruction of those cancer cells is increased. They have no immediate plans to pursue cancer research, but acknowledge the potential, and are 100% focused on completing their alzheimers approval. They also have an early detection product on the works for alzheimers. They hope to not only use their pill to reduce the progression of alzheimers and extend life spans, but also to prevent alzheimers before it has a chance to take over. There has been almost no selling of stock from any of their board members even when it reached a peak price of around $120. In fact some of them rebought even more stock since. They have successfully fended off and recovered from two massive slander/short attacks. Very promising imo. It's really stable at an $18-$24 range throughout the years. Realistic estimated ranges if FDA approved for the pill alone is $200 to $300 range. They are sitting on $142.4 million in cash with zero debt. Two phase 3 trials, one completing end of 2024 and one mid of 2025.

Just to add, obviously not worth the risk to overbuy this stock. But given how close they are to finally finishing FDA approval, if approved even a 1% portfolio can 10x into what used to be 10% of your portfolio.

BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.

Gold and copper remains the best investment to venture in, especially as a beginner, it’s not always affected by the downturn of the market

The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds.

I find gold investments reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work Patricia Strain a SEC-regulated financial consultant. Starting with modest investmentss, I accumulated nearly $799k over time.

I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?

I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.

We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Eileen Ruth Sparks", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.

Stock picking is a risky thing to do particularly for non-professionals, I learnt the hard way in 2021 when I almost lost everything but I was lucky to switch to using an advisor who has better knowledge of the market than I do and ever since I've been retuning at least $70k every month, you don't necessarily need to be a perfect investor or do the hard works, just have a professional to guide you.

@@henryharper7939 Interesting, I've thought bout' reaching out to an advisor for a while, but the fear of losing funds held me back, any help pointing me to who your advisor is and how to make contact with them?

@@rickyguitierrez9871 Sure, she's Julie Christine Rush a simple search with her name will suffice she's all over the net.

@@henryharper7939 Thanks for this amazing tips, I found her webpage and was able to book a call session with her, she seem proficient.

I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.

I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital assets,i accrued over $80K in dividends last year

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life

I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight

I began with a fiduciary portfolio advisor by the name *MARTHA ALONSO HARA* . She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment income. Also, She covers things like investment insurance, ensuring retirement is well funded, and discussing tax advantages and ways to have a volatility buffer for investment risk. many things like that.

Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.

*MARTHA ALONSO HARA* really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her

Me too. I thought about investing in the financial market, I heard that people make millions if you know the tricks of the trade, but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $160,000 but it's hard to bite the bullet and do it. Money is hard to come by

.Avoid too-good-to-be-true scam schemes. Seek advice from a fiduciary counsellor they provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.

Absolutely, Fiduciary-counselors have exclusive information and data paths that are not disclosed to the public.. I've made worth of $260k in raw profits from just Q3 of 2022 under the guidance of my Fiduciary-counselor “CHRISTINE ANN PODGORNY”. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

How can I count with CHRISTINE ANN PODGORNY, what are her services, is she verifiable, do you think she can help me, I live in Canada?

wow thats a huge milestone. Please how can i reckon with such skillset? i want to grow my emergency funds of approximately $57,000 advantageously

A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

That’s impressive, have you always had a financial advisor?

I found her webpage and read through her resume, educational background, and qualifications, which were all very impressive. She is a fiduciary, which means she will act in my best interests. So I scheduled a call with her.

The pandemic came and taught everyone the importance of having multiple stream of income unfortunately having a nice paying job doesnt mean you are financial secured anymore So we all need to put in an extra-income earning chance, like investments

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience

​@ClarenceCandelario-fd4vtPatriciastain" is the advisor that oversees my portfolio. He's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info..

She appears to be a true authority in her profession. I looked up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services

​@cynthiaa.coleman7712I find this intriguing. Could you please provide me with the means to get in touch?

Investing is 5% intellect? have you ever heard of a successful investor who is not extremely intelligent? investing is hard work? how hard can it be to think of something very interesting? and what is temperament without intellect?

Even the best investors lose money when when the market is down or when they make a decision that doesn’t turn out as hoped. But, overall investing should increase your net worth considerably, mine was not doing that I had to hire ‘’Eleanor Annette Eckhaus’ who helped helped me understand what I was doing wrong and evident positive changes took place.

How can i reach this FA, so i don’t make mistakes that’s going to cost be alot.

quickly do a web check where you can connect with her, and do your research with her full names mentioned..

Ok Dave Ramsey

@@mylifethaidiy7045 Ok Bible.

And he doesn’t work

@@EldePHX he doesn't work because he's not a citizen. But no excuses.

@@EldePHX Is he a SAHD? She never mentioned childcare, but she has a day job and side hustles, so his job has to be taking care of the child and/or home.

It's a good idea to seek expert advice when you're setting up an investment portfolio because it can be a bit complicated

It's cool to see her name here. Her success story is all over the place

Mihaela Silvia stands out because she keeps it real. Unlike some brokers with unrealistic goals, she delivers on what she promises

I really need this. Would you mind if I asked you how to reach Mihaela Silvia?

I think it is inspiring to see her so successful and shows that you don’t always need college but still knowledge and executing on the skills she has and can develop. Truly someone to look up to

Because she brought something (property) which is actually producing her rental income instead of buying an expensive car or some other liability. Some debts are good. I wish people don't always debt in negative connotation.

@@nvasudeva This lady does what bankrupt people do and claim to be rich/financially independent when in reality, they are stressing every time someone misses rent. This system of leverage to accumulate real estate has already been proven to be high risk and rarely works out for the majority of people.

@@jackstar254 so where exactly in the video she mentions that she is stressed out because of tenants missing on their rent ? Don’t assume .. do you think if that would have been the case she would have bought three properties and plus planning to buy few more in next 3-5 years. Just because some other individual might have experienced that, why are you painting her with the same brush ?

I completely disagree, she is saving 70% of her pay which in of itself is a massive cushion to have and shows she is deffinatley not stressing whenever she misses a rent payment. Her net worth is $850k showing she is well into tho the positive and she also has alot of retirement savings. If you ask me I think she should stop buying houses and focus on savings but she is well off and her plan involves a reasonable level of risk.

@@nvasudeva 💯 the fact that her networth is at $850k reflects this fact, everytime she makes a mortgage payment (in which the interest is lower than stock market returns) this value grows also. I think the people complaining are the uneducated kind who think they should throw all their money in a savings account.

and even she is is married for a liability

The title of the video does not say that she is

She is in debt up to her eyeballs! 5% down on her home!!!

She says she achieved financial independence in February 2022 and then proceeds to talk about how she’s currently employed as a Senior Project Manager

Shes a fraud imo, numbers don't add up. 150k salary plus 78k in rental income equals 228k per year. She said she needs 100k to live on, but saves 70% of her income. If she paid no taxes on that 228k (which is 140k after taxes at best), 70% savings would leave her with 68k per year or 42k after taxes, way short of her 100k number.

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

@@MarkFreeman-xi3rk wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

There are a lot of independent advisors you might look into. But i work with Margaret Johnson Arndt, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

Not at all, having monitored edge my portfolio performance which has made a jaw dropping $483k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.

I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

The adviser I'm in touch with is ''KATHRYN ALETHE HALL''. He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.

Lol 😂 totally! mortgaging and borrowing for all these properties doesn’t add to her ‘net worth’. It’s called liabilities

Yeah. She has a negative net worth with her insane mortgage debt!

@@user-lr1zr Its an intern running this channel.

Probably major part is from property appreciations since she has 3 properties in total

@@thisipeng Right.. and that appreciation can vanish in a New York minute! Most financial experts and retirement planners for sure don’t recommend using that kind of current “equity” in leveraged property as part of invested funds. Net worth /investments should not really consist of more than 15-25% of assets (ideally your own paid off home) you plan to retire in. A 1.5 million dollar property(s) you owe 1 million on is not at all the same as having a 500k in the bank or mutual funds investment accounts. Not at all! It can evaporate overnight as you are in debt for 1 million first and foremost! Even if the house value drops to 800k you still owe the bank a million bucks and if forced to sell at a bad time you simply lose whatever you put in plus some! Many people lost multiple properties in 2008-09 housing crash! I knew some co-workers that lost their actual home .. one in a divorce at the worst possible time. Had to live in a trailer several years to rebuild life… and still not retired.

@@jdthompson5778 and add the fact that the fed wants housing affordable again . I see many warnings about housing prices diving first of the year or so

I don't believe her numbers at all, they just don't add up. Her 50k income, but saving 70% of that leaves her with at best $11,200 per year to live on, and I can't see how one can even feed themselves for less than that, not to mention pay rent/mortgage, gas, car, utilities, ect. I have $1200 a month is rent, $580 in car payments (26k car, average car today is 48k), $120 in car insurance, $160 in utilities, and around $900 a month in food ($30 per day). That's $3160 per month, which excludes random health care costs and repairs on my car, and so many other unexpected expenses. That also excludes the need to buy cloths, chairs, tables, couches, tv's, computers to do my work on, ect. And to pay that $3160 per month, I need to make around $5500 per month before taxes. Her numbers make sense if all you had to do was pay rent, but that's not life. I don't see how see can live on so little. Even if she has $6500 a month in passive income, most of that surely goes to paying the mortgages and repairs.

Agreed! and small rentals in my experience don't really make money. That's why I preach owning bigger buildings now.

And she's most likely making enough money to cover those.

Everything about this video yo-yo back and forth. Very confused...

lol

This entire video was very confusing. I couldn't get over how its filmed in Vancouver but all of her assets are in the US. And what's the husband's deal? Didnt say anything the entire time!

Lol 😅👍🏼RIGHT. I seriously thought I was the only one confused here with all of this.😩

Your not wrong, but majority of millionaires and billionaires use debt to create financial success. Yes debt can be dangerous and most do not know how to use it and get into trouble. However, it can be used smartly and as a tool to create financial freedom.

Also i wanna know in 5yrs she went from making 13-20k before taxes to owning 2 properties in Canada that generate $80k/year. Even with taking huge loans/debt the numbers are kinda like FTX bookkeeping… none available

@@FinancialFreedomLifestyle yes, you can use debt to grow your fortune. My issue is: can you truly say you are financially independent when you have like 3 mortgages? Can she really "stop working tomorrow"?

@@bachex3308 LOL, agreed

@@spector3881 Yes you can. My wife and I are proof you can as we have multiple multi family apartment buildings along with stock and crypto investments. Now, do I think retiring off 1 or 2 rentals is possible, not really unless those rental properties are large buildings where you have 6, 8, 10, 12+ tenants paying the mortgage.

I agree with you mostly. If her partner is a SAHD, then he is contributing financially by saving them on daycare costs and giving her the freedom to pursue these pursuits and her day job.

He’s an immigrant and can’t work yet. She stated that in the video. Who cares anyway? They are happy and he is a good father.

Shes a fraud imo, numbers don't add up. 150k salary plus 78k in rental income equals 228k per year. She said she needs 100k to live on, but saves 70% of her income. If she paid no taxes on that 228k (which is 140k after taxes at best), 70% savings would leave her with 68k per year or 42k after taxes, way short of her 100k number.

She also stated she started working a job on 50k and spent 1200pm. Like that doesn't add up

That's very practical and smart goal a wise man once said do everything in your power to get out of debt one of his tips on getting rich

Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

I advice everyone to start investing and never rely on just salary. No billionaire made it through salary

"if you don't find a way to make money while you sleep you will have to work hard until you old".

If you want to be successful have the mindset of the rich, spend less and invest more

It's always inspiring to hear from a veteran investor who has weathered the storm and come out on top. When your portfolio turns from green to red, it might be unsettling, but if you have invested in great companies, you should just keep adding to them and stick with your plan.

Scammers

He too busy runnning from that FTX smoke. Probably won’t get to it till next year.

Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

I stopped listening and taking financial advise from these RU-vidrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, In reality, all I needed was professional advice

As a matter of fact I always preferred to handle my own investing, but after my portfolio took a major hit in 2020, I really had to rethink my plans for the future, so I reached out to an F.A Kaitlin Rose Sternberg who really helped me balance up my losses.

Some men are gold diggers too...

*cnbctelegram👈*

Exactly! Reality is she’s in over her head and doesn’t realize it yet. What a mess! Hope she wakes up soon so she can retire by 55 or 60. I’d sell the properties and get my 17% equity back asap. Start saving half my salary, maybe get an extra side hustle, make that boyfriend work & contribute more, and get rid of primary residence mortgage completely before even thinking about retiring early - if she’s really serious about FIRE and actually “making it” someday!

Yup. 1.41M in debt. 6% interest currently. She probably still has some old, low-percentage mortgage, but man, if she has to get new rates. Oops, that'll be 85k a year in interest. She has 5 Units, 2 Duplexes and one house. She wants to live in the house in the future. Let's say she rents out the duplexes at 2k each half. Oops, that's just 96k in rental income. Assuming ~1% home value in maintenance yearly, that's 17k a year on top of the 85k interest. Suddenly, 102k expenses with 96k income. Oh no - she suddenly is making a net loss!

she can't be FIRE right now, too many variables are against her

@@thisisyourfinalwarning I know that's my point lol

Yeah even if she actually had $835k in investments vs mostly leveraged properties…. At 34, with a partner and child no way you could take even 25k a year out to live on, let alone 40k! She’s got to plan for at least 50 years. She’s not close to FIRE! I wouldn’t even count those property values at all as retirement savings until they are paid off properties… where you would always get some rent to pay the property tax, insurance and maintenance on the property.

Assets that can make wealthy Crypto Stock Real estate Gold

Assets that can make wealthy Crypt0 Stock Real estate Gold

Crypto currency will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my investment

@clintlucky8113I will personally introduce you to my account manager Anna S Wilson of UCLA Anderson financial Institute, her trading methods are working for me

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She is losing more than that through the inflated taxes that are tacked on federally and provincially. Half of her income is gone while she's more likely to get paid less than an American in a major city for the same role -- the only advantage to her location might be safety, but even Vancouver's crime rates are beginning to rival the U.S.'s nowadays...

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

There are a lot of independent advisors you might look into. But i work with Monica Amanda McClure , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with he

I thought she meant 40K for her and 100K for her and her family, but good question.....

I thought she said she could live on $40K, but $40K isn't enough. So I'm guessing $40K is the bare minimum to pay the mortgage, tax and insurance, core expenses and food? However, to live comfortably they need $100K? Unless we make some changes, like relocate, we currently can't live on $40K a year before taxes; even at a minimum.

That's a great comment, CNBC make it, I second that! I would also love to see updates, like shark tank does, but like in 10-15 years time. I realize that's a long time to wait for new content from those subjects, but maybe there can be some shorts in between to fill in the community that is interested in pursuing FI

I believe its because she is basically going to BaristaFire. Her goal is $8400/month; if you take 30% of for the rental property's that gives $4550/month, $850k at 3.75% withdrawal rate is $2350/month and together that's $6900/month meaning she only needs to earn $1500/month from her job. To many in the FIRE community her plan would seem crazy but honestly I think it's pretty solid just based on the fact she is only spending $3600/month but is planning for $100k yearly spend.

@@vicgamesvt9682 time will tell…

@@vicgamesvt9682 I don't get this at all. It really makes no mathematical sense. I can live on around 60k per year personally if I don't need any major purchases. But to walk away with 60k, I need to make over 100k because of taxes. So I make over 100k, but I still live paycheck to paycheck. I have around 10k per year in extra money to play with, but I didn't inherit anything from my family. So I'm buying furniture and a car. She's also not accounting for repairs to her houses, which a roof is 10k or more, HVAC can be 10k or more, water pump, leaks, and so much more. I don't see how she could make this work, and it fells like boomers put this women up to be like, see millennials, you can make it, when the cards are stacked against us compared to what boomers had.

@@vicgamesvt9682 Also, how much she really makes is uncertain. Yes, I could raise a family of 3 with 100k net income. That's $165k salary right there before taxes are paid. But she said at first she only made 50k per year, and just started earning 150k per year. Yes, she makes money from rentals, but if she only made 50k per year when she bought these houses, she must be up to her eyes in debt. So most of her rent earnings must go towards the mortgages. I can't see how she even nets 100k per year, but also claims she saves 70%, which means, she must take home 335k per year after taxes to save 70% of her income, and still have 100k left over to spend. Which means she must make well over 460k per year pre taxes. Again, then numbers just don't add up. Even if she profits $6500 month after mortgage costs, that's only 78k per year plus her 150k income, which is well short of the 460k she needs to make for her numbers to make sense.

Select 10 blue chip stocks that pay increasing annual or quarterly dividends and reinvest all dividends You will succeed like you never thought possible.

what technique do you make use of ?

@@taylorgreen5908 The one effective technique I use is staying in touch with a FA handling my portfolio. it might sound basic or generic, but getting in touch with one was how i have been able to outperform the market and raise good profits..

@@robertthurmond8161 a bit new to me do you by any chance do referrals on your advisor? and if you do I would like to know more

James Fletcher Brennan is his name, you can reach him through his web by looking him up

He smahset them walls n now he set 😅

That dude is a bum

Blah I’d rather date a hot broke girl

She makes $145,000 base salary plus 20% bonus at her day job it said at 1:01

You get it! 100%. You did it the right way. Debt is her biggest enemy and she could easily be wiped out in one bad economic cycle! This lady is sadly likely in for a world of hurt with her illusionary “835k” as far as true FI and early retirement that can last 50-60+ years. Good thing she knows how to live on very little when needed.

what is fl?

@@neverhomepnw financial independence

The video can be very misleading. It's fantastic she's working toward an achievable goal, but her goal is not enough to retire comfortably.

She’s definitely a risk taker for sure. Would love to know the length of the loans she’s taking out, interest, and revenue accumulated per property.

He can’t work and she works for him and baby. Wow. She is dumb.

According to them not going to office is retirement.

She didn’t retire

Exactly. Income tax alone would account for 42% of her gross income in Vancouver. She would effectively pay over 50% income tax in Canada because of her rental income from the US

Shes a fraud imo, numbers don't add up. 150k salary plus 78k in rental income equals 228k per year. She said she needs 100k to live on, but saves 70% of her income. If she paid no taxes on that 228k (which is 140k after taxes at best), 70% savings would leave her with 68k per year or 42k after taxes, way short of her 100k number.

For retirees and those nearing retirement, it's especially tough. Years of hard work lost to a problem beyond your control-I sympathize with all facing retirement now.

@@biankabrodeur01 I'm anxious about our future, particularly financially. Considering my first stock market investment, but how with the market in turmoil?

@@biankabrodeur01 I'm anxious about our future, particularly financially. Considering my first stock market investment, but how with the market in turmoil?

I urgently need guidance to salvage my portfolio from massive dips and devise better strategies. How can I contact this advisor?

Thanks for sharing. I did some research on your advisor; she seems advanced and experienced. I tried contacting her but couldn't reach her, so I scheduled a phone call."

My wife and I, with guidance from David Marvin Willis, have recalibrated our budget, dedicating $54,707 monthly to our portfolio starting in 2024. It's a strategy where we live off my income, directing all of hers into investments. The strength of having a partner who shares your financial goals cannot be overstated.

Achieving financial success is a journey that requires dedication and consistent effort. Often, we witness the results without recognizing the behind-the-scenes work that goes into it. It's true; fear can be a powerful obstacle, preventing us from taking the bold steps necessary to reach our financial goals.

I need to check david out then, I really want to diversify my portfolio

Learn more Friedaannellis she will teach you step by step🎄

Shes a fraud imo, numbers don't add up. 150k salary plus 78k in rental income equals 228k per year. She said she needs 100k to live on, but saves 70% of her income. If she paid no taxes on that 228k (which is 140k after taxes at best), 70% savings would leave her with 68k per year or 42k after taxes, way short of her 100k number.

Financially dangerous journey buying so many highly leveraged properties - be careful! Pay off all your debt and your own home first and if you are going to buy rental properties.. actually buy them.. don’t simply borrow them from a lender.

Any tips, financial programs/accounts to be aware of, budgeting tips, ways to reduce costs, etc?

@@to2burger The easiest way to get filthy rich and retire early is simply to lie about it in RU-vid comments because who's gonna check

What is your plan now? What are you going to do?

@@to2burger i used a basic excel sheet that I created to track my spending something else I did every 3 months was go through all my debit and credit card purchases to see where my money was spent. If i noticed I was buying coffee too often I’d catch it and make the changes. Something simple like that is good because you need to know where your money is going

@@paupy40 my wife and I will mainly be traveling in 2023 as well as working on our businesses

That was my question. It seems he does not have a job?

Probably a stepdad

At first I thought the same but I guess he's taking care of the baby while she work's. 💁

@@EAAAA1505 it said he can't work yet because he's an immigrant and needs his papers but basically she is making the money for both of them and his retirement too I guess🤷🏾‍♀️

For now because he isn't allowed to work. Once the paperwork is done I'm guessing that he'll likely work and she might retire, unless they want to keep buying more rentals, which is likely what will keep happening until they reach retirement age.

IMO It's less about "retiring" to do nothing, but rather having the freedom to pursue something that you enjoy without worrying about money. And I suppose the question I'd ask to you - why is it that something needs to make money to be worth doing? Or - why does it need to generate profit to be considered work? I may be misunderstanding your point though.

It's about freedom to do whatever your want

It's more about retiring from the rat race than doing nothing.

Shes a fraud imo, numbers don't add up. 150k salary plus 78k in rental income equals 228k per year. She said she needs 100k to live on, but saves 70% of her income. If she paid no taxes on that 228k (which is 140k after taxes at best), 70% savings would leave her with 68k per year or 42k after taxes, way short of her 100k number.

What? The purpose of the video is financial freedom. Buying a house just for you to live in isn’t financial freedom.

@@Brandon-tz5pn And there lies the problem. We've shifted mindsets to elevate homeowning, a human necessity btw, as the prime way to make an untraditional living, when it should just be for living! Find an actual job! So one person/family can hinder 5 or 6+ families every time they purchase a new home to flip as a rental property. Individualism and greed is so rabidly pursued that the collective nature and "good for the country" are almost non-existent in the US now. It's really disheartening. Glad this lady found a way to support her family, but sucks for her "tenants".

@@circe... Yes you buy or make a house for others to live in for a price. I don't understand what the problem is?

She lived in the States for a while.