Mathew Knowles on Making First Million, Benefits of Renting vs Owning Home (Part 5) 

Watch Part 4: goo.gl/J2bh8b Part 1: goo.gl/sJoaW2

Here’s what my grandfather told me about renting vs. buying. “God isn’t making anymore land! - get you a piece of this planet boy!” My grandfather left 12 houses to us in his will and over 1,000 acres of land. Those 12 properties were all paid for before he died and ARE STILL income generating properties! I have a 15 year mortgage on my home which will be paid for in four years. My son will inherit my property. It’s a lifestyle choice not to rent or buy. You can build wealth by buying...not by renting. It’s cheaper than renting in nearly every case!!!! What Matthew Knowles is talking about is a LIFESTYLE CHOICE! Big difference.

His 200k salary in 1980 is like $600k now. That's important to note regarding his ability to build wealth

his daughter is one of the greatest entertainers ever, Ima listen to dude and take notes. smart man.

It's not how much you save.. it's how much you invest.

The secret to success is surround yourself with bright individuals,do your research and put in the work. There’s no easy way 💯

Set his children up beautifully. Tina included. Well rounded, cultured & self aware pro black women they raised. Much respect sir!

It is so fascinating to see black folks talk on this type of stuff. It seems everywhere you go in media you see lots of black folks acting a fool. A young black man on the come up needs and is starving for this type of information from black folks who've come from similarly meager beginnings to "make it" the traditional way especially if they're navigating through predominantly non-black settings. This stuff is disappointingly scarce. Surely I'm not the only one looking for more stuff like this. Is there room for those of us who are tired of hearing about rap beef and sneakers all the time?

This is a good one. I guess no one else feels the same way 🤷🏾‍♂️

Regardless how you feel about this man. Hate him or Love him...He drops that Wisdom.

Vlads feelings were hurt when Mathew said he didn't invest in stock.

Beyonce got her business skills from him and not Jay z

A black executive in the 80s....got damn

Wait so Beyonce grew up rich then . 200k in 1980 is 640k today he was making that type of money in salary .

The kind of man that makes everyone successful, just by being around him.

Bring him back as a regular dope interview

He’s a High value man period

This is the brain behind Beyoncé... he had the plan.... Beyoncé is just a manifestation of his idea... he is the root he is the source.... @marbobeatz

Owning your house wil set your kids and grandkids up a lil better....it gives them a 1up in life not having 2 worry about housing

Primary residence can earn money if it’s a multi family . A single residence isn’t a investment it’s literally just a way to hold money over time

Matthew is a multimillionaire. You can rent a mansion in Houston for $4k a month. His situation is way different from the average person who would be screwed and homeless by a rent increase. The rich can do whatever they want and throw money away from renting. The middle class and poor benefit greatly from home ownership because it stabilizes their housing costs going forward

In order to RENT to make a profit you need to OWN.

"I'd rather be rich" - Mathew Knowles 2019

He looks like the type that counts everything all the way down to how much ice cubes you get for a drink.

I thought this was a very insightful interview. I never really took the time to learn about Mr. Knowles but he's seemingly a very intelligent man. I do agree with his views shared on homeownership. Especially If you have a small family or if you are an advid career traveler, it just doesn't make sense to be burdened with the homeownership piece but I do see the advantages of having rental properties, especially for your retirement years.This was a good conversation.

its crazy to see this man come on here droppin jewels yall fathers NEVER did & all yu took from the interview was his "nose?".... cmon people. i bet if yu had to pay to comment, yu wudve paid attention to what is actually being said rather than to get on yur keyboard and start trolling.

👏🏽👏🏽Great stuff. I love how his thought process is based primarily on logic and not emotion

Vlad thanks for this interview. Very informative and interesting. I applaud you for this and Mr.Knowles .

Dope interview... love the different plains of thought. Wise people shut up and listen and fools stay heedless. These are gems Vlad. I appreciate these videos. ✌🏾

Thanks Vlad and Dr Knowles great video

I love listening to this particular interview. Good stuff!

Thanks vlad. And mr knowles. Greatly appreciated

Love Mr knowles knowledges or ideas on business he’s a smart man. A true standard for a black man looking for a role model that looks like him or for any man with ambition.

VLAD still doesn't understand that Matt is saying that he owns houses and rents them out though. Matt still brought the house, he still has to pay the taxes and pay the mortgage. His name is on the title. He just does it from the revenue he gets from the rents. Then pockets the rest of the rental profits. Shelter is one of the best investments because even if the real estate market is down, you can still rent it out. And have PASSIVE income. He still is an owner and is making money of the rents. The place he lays his headed is rented. Cool. But he still is a property owner.........vlad seems to think real estate is just a bad investment overall in any capacity. And he is totally wrong. I remember he literally argued with Jay Morrison about this.

We needed this interview...Taught me something

If you can’t pay cash you can’t afford the shit. - Willie D

🙌🏾🙌🏾🙌🏾I’m so happy they discuss the renting vs owning. I never understood why people would want to live in ONE house for the rest of their lives which they have to pay taxes and keep up with the maintenance.

Rental Property is an asset and owning a home is a liability

This was fascinating! Please more on this subject with Mr. Knowles!

Vlad We need more videos like this! I’ve literally been saying this for years, however everyone feels like they need to own in order to seem as if it’s a smart business/life choice.

this is a brilliant man. Need more from him.

I think diversifying your income is more important than mortgages and renting. Both have their advantages and disadvantages. Having access to money to do what you want and need is ultimate goal. Living within and below means is what we should do.

Awesome and insightful , Mr.Knowles I Thank you Sir

I like his interviews. Straight knowledge bombs

THIS IS A GREAT episode!!! I guess people don't want learn about the TRUTH about financing!

Sharp dude... knowledge is power

Continue to talk finances Vlad even more with succesful business man like him. Didn’t know before of Mr. Knowles. Thank you

Good info and content vlad keep it comin

This is want Vlad, informative information. Good work!! I get more excited talking about finances than something ratchet.

This is amazing!

I have friends whose parents gave them $20,000 as a wedding gift to use as a down payment on their first home. They bought a house for around 40 grand (this was the early 90’s) and paid it off within 2 years. A few years ago they sold the home for around 90 grand and used a majority of the money to purchase a $200,000 home. Within a year the wife got sick, lost her job and the house went into foreclosure. They literally lost everything including that $90,000 that they used as a down payment.They are now renting an apartment.

I love these videos on the topic of financial literacy, dope

Don't be fooled folks......Rich people are ok with leasing and renting everything. We ain't rich! They have money to blow, we don't! Buy you something small and comfortable that you can afford.

Home ownership is good when the home makes you money every month simple as that

He’s giving Gems 💎 pay attention I love vlad for speaking on financial markets and wealth. 🙌🏽🏁

Owning vs. Renting will always depend on the variable of what you would rent or buy. The better variable of the property will determine if u rent it or buy it. Neither is 100% full proof. Maybe in vlad and Mathews case, the variables weighed in their favor to rent.

Jay z probably soaked up a lot of game from this guy

Very misleading title, owning vs. renting and any financial advice depends on your individual income, risk tolerance and goals. Anyone giving you blanket advice without knowing your circumstances is setting you up for failure. Financial literacy is a process not a quick fix.

BARZ!!! Vlad’s best interview to date.

Great information here!

*Great interview!!! I prefer renting too!!! Til the day I can cash out on a nice great house I will continue to rent!!!*

Damn This Guy Had It All Before DC!

knowledge is power and this was a powerful message

This is a very valuable interview

I’m surprised vlad hasn’t uploaded any Ralo “flashback” videos

Owning and renting depends on where your at

Great interview

Great interview 🗣👌

4:30 to 4:40 he said it straight Gotta respect that

Y'all have to LISTEN & peep what he said "I have RENTAL PROPERTIES, I rent to people...take that money & pay the note meaning BANK NOTE" PEEP GAME Y'ALL!!!

I agree with both of these gentlemen on renting vs so called owning...great video

Another great video

Beyoncé was rich without the music damn she truly talented she could have been lazy.

Vlad this is good content bro 💯

Highly astute business mind. Thank you for the insight.

Great interview bro

😩😂💀 a small ass 2K sq ft - some gems 💎 was dropped in this interview tho

Beyoncé and Solange never was without🙌🏽

I appreciate that Mr. Knowles mentioned that stocks aren’t for everyone. I like the perspective of the investment style via property vs. stocks.

Giving some great knowledge here

Vlad still salty Jay Morrison destroyed him in this debate.

Dude said 2k square feet is small. That’s when you know you got bread.

Bruh at 3:47am, this is the most practical and enriched information I've heard on Vlad or even RU-vid probably ever. Cuz he gives the vibe like he's being brutally honest with nothing to hide and in laymen's terms. Whoa Vlad, watch how much you critique the black struggle and Goff about it

All that and his daughters Beyoncé and his son-in-law is Jay Z.....damn what a great life

Rent goes up every year you all... So isnt that like a form of interest? The same as the pursuit of OWNING a home that comes with interest Dont listen to rich people... they dont have the best intentions to you & yours Be smart Have common sense Work hard Live within your means You'll be just fine.... Vlad you sending the WRONG message and im done with You

I agree and disagree with certain points. - Not wanting to be tied down owning a home is silly in 2019, but valid in the 80s, 90s. You can work in another country nowadays from a smart phone. A house doesn't tie you down. Just move and rent it out. Pre internet, you were tied down somewhat. Don't buy, renting is better is too broad of a statement. In certain parts of the country, Midwest, South, it can be cheaper to own. All of my tenants pay a hell of a lot more than what I pay to own. I would agree with renting a luxury spot in LA, Manhattan, Miami, etc vs owning. I would likely rent. Unfortunately there is the crowd that likes to show wealth with a negative net worth. I live in a modest 2000 sqft house in an average neighborhood. But i own and rent out 13 other houses. No fancy cars, clothes, watches, jewelry, etc. But I don't hate on those who do that. What you eat don't make me sh*t. School is keeping people poor selling degrees and dreams with no financial education.

Love these finance talks

A home is not an asset it sucks money from you every month and the real estate market could crash any time, you'll be surprised how many rich people rent.

More interviews less interrogation Mr 👮🏻

I've ALWAYS been against owning a home and having a mortgage... Even when I was young and didn't know exactly why I was against it, I was against it. 30 years is a mighty long time to sit in the same damn place..

You need to own property at some point depending on where you are financially. Being a homeowner gives you an asset that you can leverage especially to grow a business. You will never have a HELOC renting property if you need to utilize this option at some point. Also in many cases you can pay a mortgage that is more affordable than renting and at the same time you are making an investment in something you're obligated to have anyway, (shelter)

There comes a point where you want to not worry or bother about having to pay rent at all and just pay the gas an electric. Who would want to rent anyways especially if you get to your pension years, what kind of security is that knowing that your landlord could decide to kick you out. Fuck that shit lol. And atleast if shit hits the fan financially you can atleast sell your home (if you own it out right) and live of that until you steady again.

I disagree with the premise to not to own where you lived at . If you are a millionaire you have that flexibility no to own . Because you rich. Poor folks better own or be pushed out . Gentrification

Dont pay your housing fee ( property taxes) and eventually you'll get evicted for it. We're all renters, some of us rent from the state others from a landlord , others a bank ( mortgage ) and the state ( property taxes) . This is the deep truth

Wow this some good knowledge!!!

Makes no sense for a person with working class money to rent vs owning their primary residence....

I’m so sick of the rental vs ownership argument. I own my property and invest in real estate. I wouldn’t have been able to invest in real estate without owning my primary residence.

He is right. He is not saying only rent and never buy. He is saying rent your space and buy investment property. Your kids would much rather inherit rental property/passive income rather than your old outdated home with property taxes to boot.

I could listen to him All Day

If you're not into Real Estate,you're not going to appreciate this interview