How To Start Earning Passive Income With JUST $1,000 (Step-By-Step)
Published: 2024-01-28
Status:
Available
|
Analyzed
Published: 2024-01-28
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Investing $1,000 in McDonald's stock is projected to yield approximately $24 in passive income annually due to its 2.4% dividend yield.
"McDonald's pays a 2.4% dividend yield that means if you deposit $1,000 into the McDonald's company today over the next year you can expect to make about $24 in passive income from McDonald's"
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A $1,000 investment in McDonald's stock is expected to yield approximately $24 in passive income over a year, based on a 2.4% dividend yield.
"McDonald's pays a 2.4% dividend yield that means if you deposit $1,000 into the McDonald's company today over the next year you can expect to make about $24 in passive income from McDonald's"
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Investing $1,000 in IBM stock is projected to yield approximately $55 in passive income annually due to its 5.5% dividend yield.
"IBM pays a 5.5% dividend yield which means if you deposit $1,000 into IBM over the next year you can expect to make something like $55 in pass passive income"
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Investing $1,000 in McDonald's stock is projected to yield approximately $24 in passive income annually due to its 2.4% dividend yield.
"McDonald's pays a 2.4% dividend yield that means if you deposit $11,000 into the McDonald's company today over the next year you can expect to make about $24 in passive income from McDonald's."
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Investing $1,000 in IBM stock is projected to yield approximately $55 in passive income annually due to its 5.5% dividend yield.
"IBM pays a 5.5% dividend yield which means if you deposit $1,000 into IBM over the next year you can expect to make something like $55 in pass passive income"
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Investing $1,000 in AT&T stock is projected to yield approximately $70 in passive income annually due to its 7% dividend yield.
"AT&T at the time of me recording this video is paying a 7% dividend yield which means if you invest $1,000 into AT&T the company they will pay you about $70 in passive income over the next year"
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A $1,000 investment in IBM stock is expected to yield approximately $55 in passive income over a year, based on a 5.5% dividend yield.
"IBM pays a 5.5% dividend yield which means if you deposit $1,000 into IBM over the next year you can expect to make something like $55 in pass passive income"
Pending
Investing $1,000 in AT&T stock is projected to yield approximately $70 in passive income annually due to its 7% dividend yield.
"and AT&T at the time of me recording this video is paying a 7% dividend yield which means if you invest $1,000 into AT&T the company they will pay you about $70 in passive income over the next year"
Pending
A $1,000 investment in AT&T stock is expected to yield approximately $70 in passive income over a year, based on a 7% dividend yield.
"AT&T at the time of me recording this video is paying a 7% dividend yield which means if you invest $1,000 into AT&T the company they will pay you about $70 in passive income over the next year"
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Investing $1,000 in Simon Property Group (SPG) is projected to yield $65 in passive income annually, representing a 6.5% annual yield.
"SPG is Simon Property Group and this is a company that invests in a lot of mixed to use and major property developments throughout the United States and they are paying a 65% annual yield so if you invest $1,000 into this re you are going to get $65 back in passive income without doing anything"
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Investing $1,000 in Annaly Capital Management (NYM) is projected to yield approximately $115 in passive income annually, representing an 11.5% annual return.
"NY is anal Capital Management and they do something a little bit different so they don't actually own the physical real estate properties they own the loans they invest in commercial mortgage back Securities and they pay an 11 and a half% annual return so if you go out and you invest $1,000 into NY you will make about $115 in passive income while doing nothing"
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Investing $1,000 in Simon Property Group (SPG), a REIT, is projected to yield $65 in passive income annually due to its 6.5% yield.
"SPG is Simon Property Group and this is a company that invests in a lot of mixed to use and major property developments throughout the United States and they are paying a 65% annual yield so if you invest $1,000 into this re you are going to get $65 back in passive income without doing anything"
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A $1,000 investment in Simon Property Group (SPG) REIT is expected to yield $65 in passive income annually, based on a 6.5% yield.
"SPG is Simon Property Group and this is a company that invests in a lot of mixed to use and major property developments throughout the United States and they are paying a 65% annual yield so if you invest $1,000 into this re you are going to get $65 back in passive income without doing anything"
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Investing $1,000 in the Vanguard 500 ETF (VOO) is projected to yield approximately $17-$18 in passive income annually, based on a 1.75% dividend yield.
"VO is Vanguard index fund that's going to give you exposure to the general stock market so vo invests in the top 500 companies in the stock market at the time of me recording this video vo is paying a 1.75% dividend so if you invest $1,000 into vo today over the next year you can expect to make something like $17 $18 in passive income from dividends"
Pending
Investing $1,000 in AnnALY Capital Management (NYMT), which invests in commercial mortgage-backed securities, is projected to yield approximately $115 in passive income annually due to its 11.5% return.
"NY is anal Capital Management and they do something a little bit different so they don't actually own the physical real estate properties they own the loans they invest in commercial mortgage back Securities and they pay an 11 and a half% annual return so if you go out and you invest $1,000 into NY you will make about $115 in passive income while doing nothing"
Pending
A $1,000 investment in NYMT is expected to yield approximately $115 in passive income annually, based on an 11.5% return.
"NYMT is anal Capital Management and they do something a little bit different so they don't actually own the physical real estate properties they own the loans they invest in commercial mortgage back Securities and they pay an 11 and a half% annual return so if you go out and you invest $1,000 into NYMT you will make about $115 in passive income while doing nothing"
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The Vanguard Real Estate ETF (VNQ) is paying a 3.85% annual dividend yield.
"vnq is the Vanguard index fund for REITs so if you want to invest in REITs and get exposure to real estate but you don't want to do all that work to find the best re to invest in and risk your re going bankrupt one thing you can do is invest in vnq because this fund gives you exposure to a whole bunch of different rats at the time of me recording this video vnq is paying 3 85% a year in dividends"
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Investing $1,000 in the VOO ETF is projected to yield approximately $17-$18 in passive income annually through dividends, based on its 1.75% dividend yield.
"one thing you can do is invest in a fund like vo that's going to give you exposure to the general stock market so vo invests in the top 500 companies in the stock market at the time of me recording this video vo is paying a 1.75% dividend so if you invest $1,000 into vo today over the next year you can expect to make something like17 $18 in passive income from dividends"
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A $1,000 investment in the VOO index fund is expected to yield approximately $17-$18 in passive income from dividends over a year, based on a 1.75% dividend yield.
"vo is going to give you exposure to the general stock market so vo invests in the top 500 companies in the stock market at the time of me recording this video vo is paying a 1.75% dividend so if you invest $1,000 into vo today over the next year you can expect to make something like17 $18 in passive income from dividends"
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The Vanguard High Dividend Yield ETF (VYM) is paying a 3.62% annual dividend yield.
"VM is the Vanguard index fund that gives you exposure to high dividend yielding companies so if you want to invest in companies that are paying high dividends and you don't want to go out and find all these companies you can just invest in a fund like viim which invest in high dividend yielding companies at the time of me recording this video VM is paying 3.62% a year in dividends"
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The VNQ ETF, which provides exposure to a diversified portfolio of REITs, is paying a 3.85% annual dividend yield.
"vnq is the Vanguard index fund for REITs so if you want to invest in REITs and get exposure to real estate but you don't want to do all that work to find the best re to invest in and risk your re going bankrupt one thing you can do is invest in vnq because this fund gives you exposure to a whole bunch of different rats at the time of me recording this video vnq is paying 3 85% a year in dividends"
Pending
The VNQ index fund, which invests in REITs, is paying a 3.85% annual dividend yield.
"vnq is the Vanguard index fund for REITs so if you want to invest in REITs and get exposure to real estate but you don't want to do all that work to find the best re to invest in and risk your re going bankrupt one thing you can do is invest in vnq because this fund gives you exposure to a whole bunch of different rats at the time of me recording this video vnq is paying 3 85% a year in dividends"
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Investing $1,000 in the New York Municipal Bond fund FNQ is projected to yield 2.5% annually in tax-free interest.
"One example of this is fny QX this is a fund that invests in New York municipal bonds and it has a $1,000 minimum investment requirement so if you invest in this fund with $1,000 this fund will pay you just about 2.5% a year in interest on your money"
Pending
The VIM ETF, focused on high dividend-yielding companies, is paying a 3.62% annual dividend.
"VM is the Vanguard index fund that gives you exposure to high dividend yielding companies so if you want to invest in companies that are paying high dividends and you don't want to go out and find all these companies you can just invest in a fund like viim which invest in high dividend yielding companies at the time of me recording this video VM is paying 3.62% a year in dividends"
Pending
The VIM fund, which invests in high dividend-yielding companies, is paying a 3.62% annual dividend yield.
"VM is the Vanguard index fund that gives you exposure to high dividend yielding companies so if you want to invest in companies that are paying high dividends and you don't want to go out and find all these companies you can just invest in a fund like viim which invest in high dividend yielding companies at the time of me recording this video VM is paying 3.62% a year in dividends"
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Crowdfunded real estate platforms historically show returns of 8% to 12% annually.
"on their website it says that their historical returns for the last number of years has been something like 8 to 12% a year"
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The FNIC fund, investing in New York municipal bonds with a $1,000 minimum, is projected to pay approximately 2.5% annual interest.
"this is a fund that invests in New York municipal bonds and it has a $1,000 minimum investment requirement so if you invest in this fund with $1,000 this fund will pay you just about $ 2.5% a year in interest on your money"
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Online lending platforms report an average annual interest rate of 14%.
"they say their average return their average interest rate is 14%"
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The FNICX fund, investing in New York municipal bonds, has a $1,000 minimum investment and is expected to pay approximately 2.5% interest annually.
"One example of this is fny QX this is a fund that invests in New York municipal bonds and it has a $1,000 minimum investment requirement so if you invest in this fund with $1,000 this fund will pay you just about $ 2.5% a year in interest on your money"
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Crowdfunded real estate platforms report historical annual returns ranging from 8% to 12%.
"on their website it says that their historical returns for the last number of years has been something like 8 to 12% a year"
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After fees and losses, online lending is projected to yield around a 5% return.
"as after these fees you are left with something like a 5% return"
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Owning one share of Apple stock makes an individual a part-owner of the company.
"if you go out and you buy one share of the Apple company you become one of the owners of Apple"
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Online lending platforms report an average annual interest rate of 14% on loans.
"they say their average return their average interest rate is 14%"
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Renting out extra home space could generate between $200 and $11,000 in monthly passive income, depending on location.
"Depending on where you live that can be an extra $200 to $11,000 a month every single month in passive income"
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Owning one share of Chipotle stock makes an individual a part-owner of the company.
"if you go out and buy one share of Chipotle you become one of the owners of Chipotle"
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A successful YouTube channel can generate consistent revenue, potentially reaching $1,000 per month, week, or even day.
"you can build a consistent Revenue stream of at least $1,000 a month if not $1,000 a week or maybe even $1,000 a day that is very possible with YouTube"
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Owning one share of Sweetgreen stock makes an individual a part-owner of the company.
"if you go out and bu one share of sweet green you become one of the owners of sweeten"
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After accounting for fees and potential losses, peer-to-peer lending is estimated to provide a net return of approximately 5%.
"as after these fees you are left with something like a 5% return"
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Affiliate marketing blogs can be started with $0 using free website builders.
"you can start a brand new website with literally Zer because there are so many free website Builders out there that you can use"
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Crowdfunded real estate platforms have historically generated returns of 8% to 12% per year.
"on their website it says that their historical returns for the last number of years has been something like 8 to 12% a year"
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With 10,000 followers, social media influencers can charge $10 to $100 per post.
"Once you get to something like 10,000 followers then you can charge somewhere between $10 and $100 per post"
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Renting out extra space in a home can generate between $200 and $11,000 per month in passive income, depending on location.
"depending on where you live that can be an extra $200 to $11,000 a month every single month in passive income"
Pending
A consistent YouTube channel can potentially generate revenue of at least $1,000 per month, week, or even day, with consistent effort.
"you can build a consistent Revenue stream of at least $1,000 a month if not $1,000 a week or maybe even $1,000 a day that is very possible with YouTube if you stay consistent"
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Peer-to-peer lending platforms report an average interest rate of 14%, but after accounting for an 8% loss factor and a 1% fee, the net return is approximately 5%.
"so they say their average return their average interest rate is 14% so this is the money the borrowers are going to pay to borrow money now out of this 14% you're not going to get all this money because some people are just not going to pay their loans and other people are going to pay their loans off early if you pay a loan off early you pay less interest so this is less interest than you get so they say to apply an 8% factor of loss either from people not paying their loans or from people paying off their loans early and then they apply another 1% fee for their commission now as after these fees you are left with something like a 5% return"
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High-interest savings accounts are currently offering 4% to 5% in annual interest.
"at the time of recording this video you have highin savings accounts that are paying four to 5% in interest"
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Affiliate marketing blogs can be started for free using available website builders, generating income when users click on links and make purchases.
"you can start a brand new website with literally Zer because there are so many free website Builders out there that you can use and you can start writing articles on these websites and then when people come to your website and they click on that link you will get paid"
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Renting out spare home space can generate an additional $200 to $11,000 per month in passive income.
"that can be an extra $200 to $11,000 a month every single month in passive income"
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Companies that pay dividends typically distribute them quarterly (every three months).
"companies that pay a dividend generally pay out this dividend quarterly meaning every 3 months"
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Instagram influencers with 10,000 followers can charge between $10 and $100 per post.
"once you get to something like 10,000 followers then you can charge somewhere between $10 and $100 per post that you put on your page"
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To achieve financial freedom, $50,000 per year in passive cash flow is required.
"if you want to generate enough cash to live your lifestyle how much cash flow do you need Let's assume that you need $50,000 a year of cash flow you need $50,000 a year coming in passively without you having to do any work in order for you to be financially free"
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High-yield savings accounts are currently offering interest rates of 4% to 5%.
"you have highin savings accounts that are paying four to 5% in interest"
Pending
A consistent YouTube channel, with quality content and consistency, has the potential to generate revenue of at least $1,000 per month, week, or even day.
"you can build a consistent Revenue stream of at least $1,000 a month if not $1,000 a week or maybe even $1,000 a day that is very possible with YouTube if you stay consistent and you keep putting in that work to produce quality content"
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A hypothetical company trading at $100 per share with a 5% annual yield would provide $50 in income for a $1,000 investment.
"Let's say you want to invest in this hypothetical company that is trading for $100 a share and they're paying a 5% annual yield so if you invest $1,000 into this company they'll pay you $50"
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To generate $50,000 annually with a 5% cash flow return, an investment of $1 million is needed.
"if your cash if your Investments can generate let's just say 5% a year in cash flow how much money do you need invested in order to generate this $50,000 a year If you can get a 5% cash flow whether it's from your stocks or real estate that means you have to invest 1 million"
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With 10,000 followers on Instagram, an influencer can potentially charge between $10 and $100 per post.
"once you get to something like 10,000 followers then you can charge somewhere between $10 and $100 per post that you put on your page"
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A $100,000 property rented at $1,100 per month with $500 in monthly expenses is projected to yield $600 per month in Net Operating Income (NOI).
"Let's assume for the purposes of this video that you can buy this property right here for $100,000 and this property is going to rent out for let's just say $1,100 a month and you have $500 a month worth of expenses so you go through the same analysis that I just showed you which lead leaves you with $600 a month of projected noi projected profit"
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A 7% return is considered a good starting point for real estate investment analysis, with debt analysis being a subsequent step.
"for me I know that I want a 7% return this is where now you have to do your debt analysis"
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High-yield savings accounts are currently offering interest rates of 4% to 5%.
"at the time of recording this video you have highin savings accounts that are paying four to 5% in interest"
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A property with an annual NOI of $7,200 and a purchase price of $100,000 yields a 7.2% return, which is considered a good deal by the speaker, who looks for returns over 7%.
"now I'm going to take the $7,200 of annual profit noi I'm going to divide it by $100,000 which is the total price of the property which gives me a 7.2% return for me that is a good deal I look for anything more than 7%"
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A $100,000 property generating $1,100 monthly rent with $500 in expenses results in a 7.2% annual return (cap rate).
"let's assume for the purposes of this video that you can buy this property right here for $100,000 and this property is going to rent out for let's just say $1,100 a month and you have $500 a month worth of expenses so you go through the same analysis that I just showed you which lead leaves you with $600 a month of projected noi projected profit... which gives me a 7.2% return"
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Financial education is crucial for real estate investing, allowing investors to understand risks and make informed decisions.
"This is where now that Financial education is important to understand Now if you want to go and invest in real estate that's great but there's risks involved and not that you should let the risks stop you from wanting to do it but that you have to understand the risks be willing to learn be willing to invest in your financial education and again make smart investment decisions"
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Factoring in debt, a $480 monthly profit on a $20,000 equity investment translates to approximately a 25% annual return on the invested capital.
"now the way that you're going to calculate your return now is you take your $480 that you're making in profit and you're going to divide that by your equity which is $20,000 here now it's about a 25% return on your money when you factor in debt"
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Financing an $80,000 loan at 7.5% interest on a $100,000 property with a 20% down payment ($20,000 equity) results in a 25% return on investment after factoring in debt.
"if you were to put down 20% that would be $20,000 so now you put down $20,000 that's your equity and you're going to be borrowing the other $80,000 and if you borrow the other $80,000 at say 7 1.5% interest that means now your interest rate is going to be costing you $560 a month which means you have a $40 a month profit now which $40 a month * 12 is $480... now it's about a 25% return on your money when you factor in debt"
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The speaker's primary goal in real estate investing is to generate cash flow for lifestyle expenses, rather than short-term flipping profits.
"My goal is not to flip the property for a big profit my goal is to generate cash flow because I want enough cash flow from my real estate to be able to live my life"
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A stock's high dividend yield can be misleading if the company's financial health is poor. A stock trading at $20 that was previously $100, still paying a $5 dividend, would appear to have a 25% yield, masking potential bankruptcy risk.
"Let's say you want to invest in this hypothetical company that is trading for $100 a share and they're paying a 5% annual yield so if you invest $1,000 into this company they'll pay you $50 if you invest $100 into it they'll pay you $5 over the next year Now what you want to pay attention to is how strong the actual company is because let's say this company starts to do really bad they start losing money and they're on the verge of bankruptcy and this stock tanks in price they go from $100 a share to 20 a share because they're doing really bad financially at this point if they have not adjusted their dividends yet it will look as if they're still paying this $5 annual yield right this is how much money they were paying here and assuming they haven't adjusted their dividends it will look like they're paying a $5 annual dividend for a $20 share price of the stock that is what a 25% return on your money"
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Approximately 20% of Americans with car payments have a monthly payment of at least $1,000.
"I think it was 20% of all Americans who have a car payment have at least a $1,000 a month car payment"
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To increase property value and rental income, it's advisable to stay in line with market pricing for similar upgrades while ensuring one of the best properties in the area.
"I rather if you're in the middle I rather look at what other people are charging and make sure that I'm in line that way I'm not overcharging people I'm charging within the market but I know that I have one of the best properties in the market"
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Failure to hire a property inspector led to the purchase of a severely rundown property with extensive, unexpected repair costs exceeding tens of thousands of dollars.
"I ended up buying a property that was so rundown that you couldn't see because it was covered up with a whole bunch of problems where the pipes were completely frozen because somebody had poured cement down the pipes where nothing worked the HVAC units were shot everything was just wrong in the property where it cost me tens of thousands of dollars May more than what I expected because I did not get a property inspector to walk through the property"
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Location is the most critical factor in real estate, as it cannot be altered, unlike other property features.
"The reason why location is first is because you can change everything about a property except its location"
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The speaker's primary real estate investment goal is to generate consistent cash flow, rather than to flip properties for profit, to support their lifestyle.
"my goal is not to flip the property for a big profit my goal is to generate cash flow because I want enough cash flow from my real estate to be able to live my life that will now have this passive cash flow that I can use"
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A significant portion of Americans (20%) now have monthly car payments exceeding $1,000.
"more and more Americans now have a $1,000 monthly car payment"
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Investing $250,000 into upgrading existing rental properties can increase rents and NOI, potentially offering a better return than acquiring a new property in the current market.
"if we can make this investment to improve the property it's going to cost me money today I can use a 250 Grand to go out and buy another property but if I take that same money and invest it into my own property I can increase my rents I can increase my noi"
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The total monthly cost of car ownership, including payments, gas, insurance, and maintenance, can reach approximately $3,000.
"it's not just a $1,000 a month car payment you got to pay now you're paying $3,000 a month just to keep up with this car"
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The total monthly cost of car ownership, including payments, gas, insurance, and maintenance, can reach $3,000.
"it's not just a $1,000 a month car payment you got to pay now you're paying $3,000 a month just to keep up with this car"
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It is suggested to use $8,000 for a cash purchase of a used car instead of financing a more expensive new one.
"if you were going to put $8,000 down to go out and finance this nice car take the 8 Grand go out and buy a car with cash"
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Instead of financing an expensive car, using the down payment to buy a used car in cash frees up monthly payments that can be reinvested.
"if you were going to put $88,000 down to go out and finance this nice car take the 8 Grand go out and buy a car with cash yeah it's not as nice but you don't got to worry about the payments now you take those payments and you reinvest it back into yourself"
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A suggested rule for affordability is that one cannot truly afford an item if they cannot purchase five of them with their current funds.
"if you cannot buy five of them you cannot afford one of them"
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A spending rule suggests that an item is only affordable if you can purchase five of them with your current cash reserves.
"if you cannot buy five of them you cannot afford one of them"
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A decade of living smaller and earning more money can lead to more aggressive investing and a new stream of income.
"if you can put in that decade of living smaller and working earn more money that way you can invest more aggressively after a decade you're going to have a whole new stream of income"
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To increase income, individuals should explore learning about starting businesses, side hustles, career changes, and other income-generating strategies through resources like YouTube.
"you're going to start watching different YouTube videos you're going to start watching YouTube videos and how do you earn more money how do you start a business how do you start a side hustle how can you increase your income how can you change your career"
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The initial step to financial organization is tracking one's money, rather than immediately hiring financial professionals.
"the first thing you got to do is not hire an expensive money coach or financial planner or financial adviser The first thing you need to do is just track your money"
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Increasing the amount of money invested is directly correlated with increasing overall wealth accumulation.
"The key is to grow how much money you're putting into your Investments if you can grow how much money you're putting into your Investments you're going to be able to grow how much wealth you will be able to build"
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It is recommended to have at least three separate bank accounts: one for spending, one for savings, and one for investments.
"Once you got this in order the next thing you want to do is create a few different bank accounts I like to say that you need to have at least three different bank accounts a bank account for your spending money a bank account for your savings money and a bank account for your Investments money"
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The first step to improving finances is to track income and expenses, then make and implement adjustments to spending habits.
"the first thing you need to do is just track your money once you track your money you want to make some adjustments to hire your spending your money once you make those adjustments make sure you're implementing those adjustments"
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A property with $7,200 in annual net operating income (NOI) on a $100,000 purchase price yields a 7.2% return.
"I take this noi number this monthly noi multiply by 12 so now you have an annual noi number that's what noi stands for or profit Now I'm going to take the $7,200 of annual profit noi I'm going to divide it by $100,000 which is the total price of the property which gives me a 7.2% return"
Pending
It is recommended to have at least three separate bank accounts: one for spending, one for savings, and one for investments, to better manage funds.
"I like to say that you need to have at least three different bank accounts a bank account for your spending money a bank account for your savings money and a bank account for your Investments money"
Pending
With a 20% down payment ($20,000) on an $80,000 loan at 7.5% interest, the monthly profit is $40.
"if you were to put down 20% that would be $20,000 so now you put down $20,000 that's your equity and you're going to be borrowing the other $80,000 and if you borrow the other $80,000 at say 7.5% interest that means now your interest rate is going to be costing you $560 a month which means you have a $40 a month profit now"
Pending
Factoring in debt, the return on equity for a real estate investment with $480 annual profit and $20,000 equity is approximately 2.4% ($480/$20,000). *(Correction: The transcript states 25% return, but the math shows 2.4%. The interpretation reflects the calculation.*)
"the way that you're going to calculate your return now is you take your $480 that you're making in profit and you're going to divide that by your equity which is $20,000 here Now it's about a 25% return on your money when you factor in debt"
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