If You Want to Get Rich in Your 20s, DON'T Start a Business

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Ken McElroy explores the journey of building a successful business, emphasizing the importance of developing real-world skills, finding mentors, and gaining experience before starting your own venture. Learn how to shift your mindset, think big, and leverage the wisdom of doing, to achieve extraordinary success.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
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#kenmcelroy #realestate #realestateinvesting #success #business #entrepreneurship #mentors #skills #realworldexperience #propertymanagement #businessgrowth #networking #careerdevelopment #mindset #bigpicturethinking #startingabusiness #businessadvice #mastery #mentorship #confidentattitude #providingvalue #solvingproblems #thinkingbig #scalingbusiness #corporateculture #youngentrepreneurs #careerpath #skilldevelopment

Опубликовано:

29 сен 2024

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Комментарии : 279

@KenMcElroy 3 месяца назад

When I was 20, I wish someone had given me this advice. If you have kids and think they would benefit from this video, consider sharing it with them.

@MIL_BanhadE.1031. 3 месяца назад

from morocco thanks sr on this a great advices..

@eyelovecolorado2195 3 месяца назад

This video is spot on!

@shanenolan085 3 месяца назад

Ken with the gems 💎✨️

@rola4721 3 месяца назад

I am a 45-year-old. Veteran. I want to work for you free.

@joseph2707 2 месяца назад

Ken likes to hire people "for free." I'm shocked you would even entertain that idea. Don't you have principles? You let young people with no power and no resources work without paying them? That is shameful behavior. You should be embarrassed for even suggesting that. If you have permitted young people to work for you for free, you should be ashamed of yourself.

@semsolar9273 3 месяца назад

I started in my early 20s. Independence, freedom, grind. Tip for reader. Dont listen to others for experience. Get out there and do it.

@mikea.4477 2 месяца назад

Another tip for the younger audience. 5:11 Make sure the expectations are firmly established with the business owner or you might be walking away broker than you started. Business is always a two way street! Unfortunate but the older is wiser and usually will find a way to outgame the younger.

@Superchargedturbos 2 месяца назад

I'm 25 and my business Is booming 😊 anyone can do it

@daantheoden998 2 месяца назад

@@Superchargedturbos RT

@Darregobin Месяц назад

@@Superchargedturbos What kind of business dear

@alexandrufilipescu1301 Месяц назад

@@Superchargedturbos What are you doing?

@Mark-sy2bx 3 месяца назад

Now that I'm older I lost my business "bug." I see technology killing old ways of doing things, nothing meets my scaling criteria, and it's hard to stay relevant even for big companies.

@sanjayshorey4225 2 месяца назад

So you didn't escape metrics.

@kennethrobinson7647 3 месяца назад

Looks like your driving northbound on I-17 past Black Canyon City, up the hill past Sunset point, then past Cordes Junction. Good time to escape the heat.

@gdan8599 3 месяца назад

Ken, what going on w tenant occupancy, late pay, turn over?

@williammaldonado7 2 месяца назад

Does anyone know how to find the events/conferences that are for your specific niche ?

@SpaceNStuff 2 месяца назад

Wow. Thank you!!

@RoniiNN 3 месяца назад

You should start a business when you are 15.

@BenjaminButton6573 2 месяца назад

And buy a house when your 18

@-Engineering01- 2 месяца назад

I started my milk business when I was 3 years old

@Antonio-os7eh 3 месяца назад

Thank You Sir!👏

@mjwmontgomery Месяц назад

I can disagree. Late 20s is good or 30s.

@criticalthinker-ys7vt 3 месяца назад

dont like the titles "if you want to get rich dont start a business" its misleading because a business is one of the right vehicles to get rich... and most people who got rich in their 20s started a business including billionaires like bill gates, steve jobs, elon musk, they all got rich in their 20s by starting a business in their 20s.

@tommysuria5467 3 месяца назад

2 o'clock and 10 o'clock saves your life.🚙

@tichly2204 3 месяца назад

You can tell how many rich people are in here by reading the comments.

@donaldlyons17 3 месяца назад

Yeah so true. Truth is starting a business is how some people got rich... like they sold stuff to make money.... WTF is this dude taking about he makes money literally selling housing?

@GodfatherAdventures 3 месяца назад

You can ?? What’s the next lottery number

@dmd4200 3 месяца назад

I know, right! What was Mark Zuckerberg thinking when he started Facebook at 19, or Bill Gates when he started Microsoft at 20, or Elon Musk when he started Paypal at 28.

@AverySchuberg Месяц назад

start a business now. the internet is all you need. stop listening for advice, it doesn't make you money, it doesn't provide clients with value.

@LandscapeMaster33 3 месяца назад

Sick SVR 😇

@SterlingSansing 3 месяца назад

The reason you start a business in your early 20's is because when you fail it's easier to pick yourself back up. That's it.

@BenjaminButton6573 2 месяца назад

Basically

@meirbek241 2 месяца назад

@@TalismanHarry. How do you do that? Why do I fail all the time

@TalismanHarry. 2 месяца назад

@meirbek241 I'm not sure what exactly you're doing, but if you ask me, I've filed in 9 businesses before, and I realised everyone was right but not forever. My point is it's normal failing when you are starting out. That's something my dad allows you to tell me. Just try different fonts of a different system of your business or company. And make sure you have a goal and a very strong plan on how you are going to go from 0 to 10,000 and 10,000 to 100,000 and 100,000 to 1000000 it's very easy when you start with one business and that business feeds the other or the two others. But yeah myself I'm still trying my best and I'm more forward and doing everything religiously so you should too prioritise one thing and one thing only your business ues the lil bit of money you have. And find a mentor and learn from him/her.

@Holyspace305 2 месяца назад

@@meirbek241what businesses are the best when I have literally no money

@svan4748 2 месяца назад

@@TalismanHarry. Yeah for sure bud

@LeviFord-n7v 2 месяца назад

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life

@ErikKovac-l7e 2 месяца назад

True words spoken. Take responsibility for your own life basically. I vibe with that.

@WilliamBlake-e4t 2 месяца назад

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your funds.

@Michellesalter-w6e 2 месяца назад

The stock market rally run is gone, ‹but l'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve

@Alejandra-q5y 2 месяца назад

As a beginner investor, it's essential for you to have a mentor to keep you accountable. Benjamin chase is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for Optimal returns

@Beckylynns-e3m 2 месяца назад

Can you introduce me to Benjamin, l'd love to learn more about his service.

@drjay927 2 месяца назад

Lol no 20 year old is going to work for you for free unless they are a sucker. Also dont make videos while driving.

@MilkovichT.Sandlers 2 месяца назад

I just sold a property in Alabama and am considering investing the proceeds in stocks. I know everyone says the market is ripe, but is now a good time to buy? How long till complete recovery? How are other people in the same market making over $200k in months? I'm genuinely bewildered at this stage.

@McKnightCutkosky 2 месяца назад

Yes, a good number of people are making significant 6 figure gains in current decline, but such methods are generally effectively employed by those with in-depth market knowledge.

@MarcelMcGowan 2 месяца назад

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.

@adelineChulack 2 месяца назад

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

@MarcelMcGowan 2 месяца назад

I would say a little due diligence on "Dianne Sarah Olson" truly exceptional.

@MonaghanMLOUISE 2 месяца назад

thanks for tips. it was easy to find coach. did my diligence on her before emailing her. she seems proficient considering her resume

@wk8082 3 месяца назад

Ken, you are so right. I waited too long before starting my own business. I was a victim of corporate restructuring and was faced with a 50% pay cut as a top producing sales person being replaced by computer generated replenishment systems. An older friend of mine who was a self-made millionaire with not even a high school diploma convinced me that I had the skills to start my own business. It took many years of hard work to build a good team and a solid customer base but now we are a multi-million dollar company. My only regret is working over 20 years for the same company before making the move.

@ryans7972 3 месяца назад

That's awesome! Don't feel bad though, if you inspect the past you'll find any delinquency in one area simply afforded growth in another. There's no way to lose 😁

@shomariboulet 2 месяца назад

What kind of business did you end up starting. And how did your friend with no high school diploma become a multi millionaire

@luisalbertousugaguzman9074 2 месяца назад

@@shomaribouletyes, I look forward his answer

@sanjayshorey4225 2 месяца назад

@@shomariboulet : Situations teach people skills. A diploma/degree will teach you from theory & books. A person who can't afford higher studies will eventually work somewhere and get the ground level realities on their face and learn how to grow. Degrees and diplomas are not necessary to achieve success in the real world.

@TheWavelengthStudios 3 месяца назад

I started a construction buisiness at 20 as a young Dad who needed more income. I think your right though I was an anomaly because I had got into construction at a young age with my Dad. Instead of the typical high-school and then college I was homeschooled and worked in my teens. By the time I was 20 I had 10k to invest in a buisiness and value to add to the market. I think starting young has advantages, like the ignorance which allows you to take more risks, as well as the eagerness to improve the systems that are already practiced.

@chief8559 2 месяца назад

No, not an anomaly, many are successful because they started a business in their early twenties. They just don’t go brag about it on instagram or RU-vid.

@uhmanismxsic 2 месяца назад

@@chief8559right like that’s not rare lol

@badart3204 Месяц назад

@@chief8559no it is an anomaly and other anomalies don’t change that. It’s a country of 380 million people some people will succeed but that doesn’t make it likely. Most people are not so lucky to be trained by their fathers in marketable skills during childhood. Good on him for taking advantage of his blessings bc you should leverage everything you have

@everythingmotorsport Месяц назад

You got the same story as my dad. He started construction company after dropping out from highschool at 18. He also worked in family construction business from like 12-year old so he knew what he was doing when starting his own venture.

@antmydude236 2 месяца назад

He says don't start a company in your twenties, And then he says he started a company in his twenties and he's now a billionaire. Lmao. I never clicked away so fast. Thumbs down.

@american236 2 месяца назад

If you want to be successful. Do not listen to this guy. Plenty of my friends in their 20’s have successfull businesses.

@benjamindorge5936 2 месяца назад

Only trust fund kids can work for free, Ken!

@DillyTheWillyWilliams 2 месяца назад

99% of these commments are bots lol

@Roquea.207 2 месяца назад

At the end there’s no greater wealth than a long , blessed & fulfilling life itself And that my friends , have little to do with abundance of money .

@mrporsche4236 3 месяца назад

There is no formula for getting rich. What works for one person might not work for another. I know smart businesses men that knew their stuff and went broke and i know people who cant do their pants up and are billionares. No one wants to hear this but its all luck

@johnadamo4402 3 месяца назад

Work for free? You mean you want thier parents to pay for them to work for you. 😂 College part 2.

@GodfatherAdventures 3 месяца назад

I would if he taught me

@GodfatherAdventures 2 месяца назад

All these negative comments about working for free. Fools will never have freedom.

@sanjayshorey4225 2 месяца назад

@@GodfatherAdventures :I agree with you. The real life experience without any salary is still worth of thousands of dollars and will be paid off if you are really interested in the niche.

@GodfatherAdventures Месяц назад

@@sanjayshorey4225 I have learned so many varied skills in my life. People are sometime surprised all the things I have done. Guess what buttercup. I followed people around and didn’t get paid for years. These are her same fools who do unpaid internships 🤦🏻‍♂️

@jahimuddin2306 Месяц назад

If it makes you money in the long run then why not do it for a little bit? I know it sounds foolish in the short term.

@IWalkOnCloudz 2 месяца назад

Grandpa is straight up yapping for the first minute, I’m in a circle of mainly men in their 20’s and our business’s are doing great. Im young, lean and fit and I don’t ache when I wake up, I’m getting rich now gramps, not 10 Fucking years from now.

@adityar.t1614 2 месяца назад

which business ur doing bro

@sanjayshorey4225 2 месяца назад

Great, I'm too not making mistake of circling around girls simping. I'm starting my own business after 4 years of job, I'm in my late twenties. Good luck to both of us.

@thegreat9481 3 месяца назад

Gotta stop at that point of someone providing a service for free…. Come on now. Lol Hey how about you manage my properties for free.

@getinthespace7715 3 месяца назад

If you are in your 20's save up cash, buy property. Build yourself a modest house in a market with excessively high housing prices driven up by AirBNB's. I my market a 1500 sq ft run down houses built in the 50's are listed for $629k. Buying land and building myself will cost me less than $180k. The new house would list for over $700k in this market. Live in the house 2 years while you start building the next one. Qualify for a 250k single, 500k married capital gains tax exemption on the sale of your primary residence. (section 121 tax exclusion?. Get going and if you get a loan for the first house... you'll be 100% cash going into the second house. A millionaire by the 3rd house in 6 years.

@PapaSplat 2 месяца назад

Saying the market is high because of Airbnb is wild - nobody likes staying in airbnbs anymore unless they are that of luxury (which would never compete with a “modest house”). Issues are absurd Inflation and rising interest rates

@jacobmansfield-go9fz 2 месяца назад

Need to be making 6 figures to do this in the first place

@getinthespace7715 2 месяца назад

@jacobmansfield-go9fz , no you don't. If you live conservatively. You can buy property and build a modest house for less than $120k. Then you live in it for 2 years and sell it for 2-3x what you have into it. You can build up savings and slowly build larger houses for larger profit. It's possible to build a house for $60/sq ft in materials.

@getinthespace7715 2 месяца назад

@@badinstinctsRU-vid-xb3oj, DIY. I grew up in a family of tradesmen. Worked construction to put myself through engineering school.

@getinthespace7715 2 месяца назад

@PapaSplat , in the little town of 4k people where I live, there are a couple of resort/condo properties but no hotels. Airbnb's make $50k plus a season. If the economy tanks, some may hit the market. Most of them DEFINITELY aren't luxury. Slightly remodeled houses built in the 50's.

@NicholasFerdinand-it4lv 2 месяца назад

A wise saying about investing according to my Friend who is a CFA is to be Patient and Think Long-Term. She said, “The stock market is a device to transfer money from the impatient to the patient.”

@Mark-sy2bx 3 месяца назад

I had a cool business in my twenties, advertising swamped my bank account, revenue was thin, and the business wasn't well received at the time, the idea was mocked and sometimes called a scam although it was 100% legit, I decided to end it faster than it began. Now a very similar business, as seen on the tv show "Shark Tank" (was loved by all the sharks), that company was sold to another company for millions of dollars.

@esotericcommonsense6366 2 месяца назад

Why start one, tons of boomers are retiring with no heirs

@CaliRATZ Месяц назад

They're stupid enough to think that they can't rely on the next generation, and thinking they know all-of-what. You're right tho, but I've met those people, they realy can't comprehend that "the system" is corrupt, and they've been a victim too.

@ronin7653 Месяц назад

😂

@SiddharthKapurtrust 2 месяца назад

What advice would you give to a 35 year old....who is broke with no skills?

@guytech7310 3 месяца назад

So the answer is to still start your own business, but just seek employment with an industry you want to start in for experience & post college education. The issue I see going forward, is now that the US is stuck in a debt spiral & tech changing the economy. Industries like properly management probably aren't going to work. Consider that Commerical real estate is now in a long term bear market because of empty office buildings & legalized shoplifting in many blue states. Very likely era of cheap & easy credit is over & the US is stuck in a long term stagflationary economy that will transition into a hyper-inflationary depression. With consumers & business deep in debt & most insolvent I am not sure what will be worthwhile to invest in that will return strong profit & growth over the next 5 to 10 years.

@McFlashh 2 месяца назад

You’re wrong. You don’t need experience, post college or even college education to start a business. Some of the greatest entrepreneurs have never worked a job in their life like Steve Jobs, Zuckerberg and Gates and they also all dropped out. It all starts with a vision and dedication.

@guytech7310 2 месяца назад

@@McFlashh All those people were going when to college. Gates family was already very wealthy, and Apple had a season business man Ronald Wayne to help them get started. Gates & Zuckerburg stole the work of others for a product. Gates Bought 86-Dos from Tim Paterson, changed the name & sold it to IBM. Your also cherry picking a very few number of people. Most people need some mentors to get started: Just learning about taxes, payroll, & basic business process is a handful. Unless the persons parents have run their own business & would recommend starting a business head first without some training or mentor to rely on. FWIW: I started my own business when I was in my late 20s & still am self-employed.

@autoespacio378 3 месяца назад

Love when you share personal stories. It feels so genuine, unlike other "real estate gurus" who pretend to be rich and have the perfect life style.

@Aurelius381 2 месяца назад

1. Dial in on a niche so work doesn’t feel like work 2. Master it by spending 10k hours on that skill/niche 3. Find communities and groups of professionals in that particular niche that are of value and interact with them. Network equals network 4. Find a mentor 5. Be so valuable that your so confident in your work that you can give it for free to your employer 6. Destroy your limiting belief and think big, the world is yours, nothing to lose but everything to gain

@VitAmine1106 2 месяца назад

brothers dont listen to him-just start your business if you want to. There's a lot of success to be found in it!

@McFlashh 2 месяца назад

I respect your opinion, but you’re wrong. You don’t need experience or even college education to start a business. Some of the greatest entrepreneurs have never worked a job in their life like Steve Jobs, Zuckerberg and Gates and they also all dropped out. It all starts with a vision and dedication.

@cinthssucession 2 месяца назад

These are the guys that will sell this advice but then have a trust fund for their kids 😂 no thanks

@MichaelSteger-dl2js 2 месяца назад

Yeah he's like I got into property management. His family obviously has capital to own real estate.

@cinthssucession 2 месяца назад

@@MichaelSteger-dl2jsWell he knows there’s a sucker that’s always going to be around to give him free labour.😂

@Wavetheory85 2 месяца назад

This happens with both trading assets (technical) and poker. Approaching 10,000 hours on the felt or online and watching candles develop on the chart you become much better at both. The experience itself adds to the edge over time and for me I started to see this after a few thousand hours. Very interesting..

@kkmt5292 3 месяца назад

Thanks for your videos. I completely agree. Work for free. Surround yourself with successful people. The Problem is that Most 20 year olds have only spent their lives in Public Schools learning to be a cog in a wheel. There is a complete lack of teaching kids a trade when they are in the system - therefore they are completely caught flat footed when they hit the real world. We homeschool and start teaching our kids a work ethic as soon as they can walk. We teach them how to be property managers, flip homes, book keeping, etc etc we run multiple businesses and start teaching them these skills at a very young age. I believe that if parents stopped trusting the government to prepare their kids for their future and started surrounding their kids with wise successful people and giving them “tools for their tool belts” we would have a much different story out there.

@CaliRATZ Месяц назад

Totally stands there, I'm 23, graduated from Industrial Engineering in one of the best institute in my country, got a bachelor's degree, got a job, but I feel like getting scammed by the overall system, I quit and replanning all of this, gotta be ready to start somewhere. And it hits me really hard, what did I do all this time, brainwashed by government and conglomerates. They teach us to become obedient, to survive life. But didn't teach us how to WIN in life. I want to WIN, not only survive. And I will. We will.

@KL--------CF Месяц назад

the goverment knows that , and needs this kind of people , We can't all be leaders and thinkers, the government needs workers and ordinary people

@thebodegavaluecoredbusines9684 3 месяца назад

Kind of wondering .. what lately happened to you? .. because for sure there is a big transformation in the way you handle your channel .. and the way you relay and convey your experience to beginners .. this video is a gem for anyone starting their life .. worth millions and years of hardships and challenges to learn ..

@andrewallin7856 2 месяца назад

advice from a man who has semi wasted his life. real lame

@impostorsyndrome1350 2 месяца назад

"I'll do it for free" startegy just doesn't work. I once tried it with an IT business, guess what? They never wrote me back. I even tried it with other business, but it just didn't impress anyone and I didn't end up getting the job

@iymaikaita Месяц назад

Yes. They'll always think you have a hidden agenda or you just want to find your way in and then later request for pay

@matthewlopez8521 2 месяца назад

WRONG- start asap. Fail asap. By the time your 28 the trajectory of your 30s and 40s will be ASTRONOMICAL greater than if you would of had a job in your 20s. This is weak advice in my opinion.- I started at 18 and am now 28

@ayandangcobo1755 2 месяца назад

Nah bro I'm 23 and i just started my own business this year. I'm gonna succeed no matter what. I'm not you lol. I'm not gonna wait till 29.

@OmarOsman98 2 месяца назад

Good mentality. Best of luck

@sanjayshorey4225 2 месяца назад

Everyone is different. Just remember to learn from mistakes. Don't repeat mistakes. Good Luck buddy! He is right at his place and you are right at your place.

@ayandangcobo1755 Месяц назад

@@OmarOsman98 thanks... yea I'm going hard

@ayandangcobo1755 Месяц назад

@@sanjayshorey4225 yeah exactly... that's why i disagree with his opinion of "dont start a business in your 20s"....

@ayandangcobo1755 Месяц назад

@@sanjayshorey4225 yeah I've made a lotta mistakes but I'm learning as much as I can💪🏿 I'll keep learning as I go

@peanbean1973 2 месяца назад

Im 25 and just kinda started businesses till something stuck for me. Thats my food truck. It kinda became the little hippie community center lol. I always have like 10 people on board playing games music and cooking food. Its been really succesful and a great shared experience. I will probably start a rwstaurant location soon

@BlackSun90 2 месяца назад

Stay in the food truck. Your overhead is almost nothing. Stay mobile. Restaurants fail way more than not.

@peanbean1973 2 месяца назад

@BlackSun90 yeah you gotta lower the cost much as possible. But I already pay 1k a month to rent a commercial kitchen. By law it's required for trucks. So after I obtain all the equipment for the location. The costs will still be like 1500 a month. And I can open a 2nd and 3rd food truck. Since if I opened more trucks without a location. I will be paying 1k per food truck per month to rent a kitchen. If that makes sense.

@jesusmendax6815 2 месяца назад

3:56 How are they going to pay rent, gas to get back and forth to jobsites etc?

@FlipHackingRealEstate 3 месяца назад

Looks like 17 in the background Headed up to the orchard?

@KenMcElroy 3 месяца назад

Correct

@ELDTAdventures-tp9jy 2 месяца назад

Work for "free" has an odd ring to it and may not resonate too well. If one is truly business minded, then they know at some point they will need to work for a long-term "profit," not a short term wage. Be profit oriented, not wage oriented, running out the door as soon as the business day has ended.

@user-manager 2 месяца назад

As a 40+ broke hobo, I can verify this is a good advice. Although because of your enormous greed wanting people to work for you for free, many would not take this serious and would rather think you're some sort of a clown. That's pretty funny.

@doublecheckityt 3 месяца назад

I think you can only ever approach mastery. The closer you get to mastery the more you realize it’s just out of reach. Anyone who did some calculus would really understand this concept.

@Rebecca-qg8pb 2 месяца назад

Am so overwhelmed 😢 Just hit 20 last year

@silkroad1201 Месяц назад

They have no skills and they have no capital. People love to exagherate their accomplishments, especially on the internet. They'll say, "I started a million dollar construction company when I was 25!" What they don't tell you is that they're in extraordinary debt, their business is failing and they can barely afford to eat. It's not the case for all of them, but I would venture to say it is for most. Especially in this economy where people can't afford to pay what you have to charge in order to make a profit. There are plenty of decent paying jobs out there that give you plenty of free time. You just have to find them and learn to manage your money until you have a comfortable amount to chase other goals outside of it. The idea that there's no reward without extreme risk is a load of horse crap

@J777A1 Месяц назад

if I don't make you money, I don't get paid ... what does that mean when you provide no security to people and only would pay them if they perform and generate income, that's not a job, that's a low end sales job with empty promises of making it later.. again you're not planning to make 500k this year later.. it's this year - where you'll end the year as the major shareholder who cuts whatever check they like for themselves, and them holding a smelly bag and a commission check. That's not a fair deal papa. - Include people in the structure of the company, give them long term benefits and security, and then see if they can generate commissionable income .. provide security for people, that's true leadership, not making money and security for yourself only and having people work around the clock for you for ultimately nothing in the end. Where they have to start all over again in order to create something for themselves. Kids, if you're reading this and you're just starting out- stop selling your self cheap.

@Deltriguy 2 месяца назад

That's a weird business model. Expecting people to work for free. Especially in their 20s. How do you survive your 20s before learning from the mentor enough to start your own business later?

@Hollywood-p2c Месяц назад

Okay, you're right about that most people in their 20s can't start a business yet because they still have a kid mindset. But what I don't agree with you on is not starting a business because it's almost like you're telling me not to make my movies I always wanted to make sense when I was 12 years old. I will not agree with you on that part.

@dallassegno 2 месяца назад

Boomers just won't shut up

@Inmotionwithchris Месяц назад

If you’re young do it now and work somewhere similar to get hands on experience and paid if possible. As you get the information and learn try it for yourself own ! The earlier the better.

@wesdhill 3 месяца назад

Ken cut his teeth at Goodman Real Estate and Pinnacle PM which was learning from the very best at the time. He’s the real deal.

@or123and Месяц назад

I disagree. Corporate BS and executing nonsense assigned by corporate managers will cripple your passion.

@ryane1606 Месяц назад

I'm very fortunate and lucky but all the kids around me are pretty businessy

@lilm0n3tt315 3 месяца назад

Small deals suck compared to larger deals

@MwangiDavid-pp6wt 2 месяца назад

Hello, Ken is really incredible. I’ve been looking up to him and his insights are fascinating. I am 23. I want to be a real estate investor like Ken. I’m looking for somewhere I can work and learn. Any insights and ideas are welcomed. I’m down to work for free.

@IggiIgman Месяц назад

Of course you are.

@precisionc3656 3 месяца назад

lol are you guys driving to Idaho and making videos on the way ?

@israelc.8586 2 месяца назад

Thank You Ken! I'm tapped in! As a 26 years old. This was needed. Great message.

@martycb 2 месяца назад

So how long did you work for free when you started?

@ArashHildeman 2 месяца назад

You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller

@TaggeGust 2 месяца назад

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

@mikesnoek 2 месяца назад

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

@jadewashington7 2 месяца назад

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

@mirchimome 2 месяца назад

I'm new at this, please how can I reach her?

@AdamKotlicki 2 месяца назад

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading

@NewLight7 2 месяца назад

Great advice, what if the job you are doing doesn’t align with the business you ultimately want to start

@ppapdddar6159 3 месяца назад

The part of get some experience before starting your own business, is actually a good advice! The part of "work for free", definitely not. I get what you are trying to say, but that's not the right framing in my opinion. Focus first on work hard, learn, grow professionally, and and second in the compensation or the benefits. But from there to "I will work for free", no my dude. I will do my part and try to excel at your organization, you do your part and pay me, thank you.

@Donalddavies-gc9rb 2 месяца назад

Wife and I are 33 with about $800k in investments, excluding home equity and rainy day funds. I've always strived to stay on top of my finances, hoping that being disciplined in my 20s would allow me/us to have more breathing room in our 40s+ but it gets hectic, should we get a partner?

@Donalddavies-gc9rb 2 месяца назад

I do hope to help educate younger people on finances after I leave my corporate 9-5.

@rudrazala3239 2 месяца назад

Look around,, there are always people who made it this way,,, talk to them,, may be they are your friends,, maybe relative or maybe coworker or your Boss 😊

@NightOwl-uw7yq 2 месяца назад

Started my own business at 19 then went to school for business and in less than 2 years knew how to grow and manage properly.

@xdayvj 2 месяца назад

great job bro. i think starting a business at a young age is good. because THATS where you learn..

@piRatCaptain 3 месяца назад

So dumb.

@xderen_xd Месяц назад

Jah bless, good advice but I am always learning so I believe because I am always learning I can create a valuable product in my 20's so good advice for most teens but not for this one.

@Sanaki_Ahir 19 дней назад

Business is about providing value

@swagsukeuchiha7599 Месяц назад

This is hit or miss. I know so many rich entrepreneurs IRL who have businesses. They just don't operate them like how the old heads did it

@__Time__clock Месяц назад

Thank you, i thought starting a business at late 20's or early 30's is late. am 31 am starting out my first business SaaS

@mstr293 2 месяца назад

8:00 Solve problems.

@mstr293 2 месяца назад

1:50 Build a skill and make sure it doesn’t fee like work.

@Darregobin Месяц назад

Getting a skill is what made me feel great in my 20's and now I manage to get into real estate, buying and selling of properties.

@OLIMPAK2023 Месяц назад

What skill are you currently getting?@@Darregobin

@Darregobin Месяц назад

@@OLIMPAK2023 I’m a real estate broker

@Darregobin Месяц назад

@@OLIMPAK2023 what about you

@bobcat24 2 месяца назад

If you’re good at something, NEVER do it for free!

@grandhighwizard7832 2 месяца назад

im rich in my 20's and the only reason is because i started a business

@Sec_coach Месяц назад

Nine to five is much better

@LouisDillard02 2 месяца назад

Indeed. Real skills and solid mentors can pave your way to real success in business.

@tuono2914 2 месяца назад

This title is true assuming you want to start a business in a market that already exists. Otherwise, it might be best to just start.

@MoliniKicks 3 месяца назад

I’m 20 Thank You

@besmart2350 2 месяца назад

I know whether to start a business or not to start it myself. Who are you to tell me what to do you some nobody on RU-vid?

@flowerbloom5782 2 месяца назад

9:56 the thing here is it’s important to negotiate on your behalf and secure that you have some leverage. I mean clarifying requirements or criteria so they pay you. I think what most young folks who are competent are afraid of is being taken advantage of. I have experienced working under management who want to demand a lot but don’t want to give. How do you negotiate and advocate on your behalf?

@Iranwar 3 месяца назад

Try your philosophy in CA or NY. U will bankrupt

@billphilpott3787 2 месяца назад

Please share your wisdom..I appreciate learning from you.. thanks so much for your help

@bekabeka71 2 месяца назад

I’m 29 going 30 in few days 🤦🏻‍♂️

@Darregobin Месяц назад

What do you do for a living? and never late to get right in your 30's

@bekabeka71 Месяц назад

@@Darregobin I am currently unemployed, I do a bit of farming but that’s very isolating and depressing for a single young guy I’m aware of that

@Darregobin Месяц назад

@@bekabeka71 I understand the situation you are now but it is just a matter of time and effort you make, I can put you through with opportunities

@tannerramer6450 2 месяца назад

I'm 22 and I'm definitely down to get some work done on selling land!

@pedromguerreiro Месяц назад

I did not have this advice, but during my 20’s I managed to have a great growing career that allowed me to have a great network and experience to start my own business by my 30’s! This is real and good advice for everyone

@Darregobin Месяц назад

Getting a skill in 20's will surely help out in 30's

@melissamcknighthealthcarea1519 3 месяца назад

Your content just keeps getting better. Thank you.

@mctwistx1248 2 месяца назад

if you want to be rich you just have to clic bait

@litical3719 2 месяца назад

Although im taking a higher education route, this knowledge is invaluable and i just want to say thank you for your wisdom.

@KL--------CF Месяц назад

do you think university education in" business" field is not necessary?or it is

@litical3719 Месяц назад

@@KL--------CF First just to be transparent, I'm a mathematics Major trying to become a biostatisticians . But imo if you have a clear idea of what business you want to start (construction, Clothing, programming, online retail, marketing agency, cleaning) then college isn't gonna be super useful compared to just going through trial and error for 3-5 years. However, if you're just interested in business generally and don't know what u want to specialize in, getting a business degree is really good as it exposes you to alot of different business worlds and allows you to make connections and get internships.

@badart3204 Месяц назад

@@KL--------CFdepends on the degree as business is an umbrella term. Some are useless like marketing while others you legally cannot enter the field without like accounting. Bu

@MIL_BanhadE.1031. 3 месяца назад

we are here with you sr. thanks for your time