Own These 5 Investments and Never Stress About Money Again

"The United States government has a massive amount of national debt. We're still running a pretty large government deficit meaning we're spending more money than we're bringing in and so all these things could contribute to the government needing more tax dollars in order to continue funding their operations."

"real estate has this special exemption called depreciation which says that because your property is one year older you get a tax write off on your income so now you might get to say Hey IRS I generated say say $10,000 in income from this property but then you get to subtract this depreciation"

"with real estate you have another tax deduction this is called the 1031 exchange which says you made $100,000 in profit by selling your property if you take all of this $200,000 and this can be any amount of money but if you take all this $200,000 and now you go out and buy a bigger property that's going to pay with more cash flow you don't have to pay a penny in taxes today and you can keep doing this again and again and again every year until you die and never have to pay a penny in this capital gain appreciation taxes"

"the reason I say you want to own real estate for residential purposes for life is because people will always need a place to stay no matter what happens in technology and no matter what happens in the future people will always need a home"

"if you believe in the United States and if you believe in the American economy one thing that won't change is the economy so if you believe in the American economy what you want to be beted on is the American economy as while companies like Sears might come and fail and JC Penney might come and fail and circus City might come and fail and Herz might come and fail and California Pizza Kitchen M come and fail the American economy has continued to grow The closest way for you to get actual exposure to the American economy is to invest in the broader stock market as a whole"

"gold makes up a small piece of my portfolio it's about 2% of my entire Investment Portfolio why do I invest in gold I look at it like a way to save hard money if I were to go out and take $10,000 with the gold and $10,000 with the cash and bury it in my backyard today my theory is that 10 years from now the gold is going to have more buying power"

"many people believe that cryptocurrency and blockchain will be involved in our future currency"

"one example of this is water if you've ever seen the movie The Big Short great movie by the way which talks about the 2008 real estate collapse at the end of the movie they talked about how this guy was investing in water because we have a limited supply of water in the world and our demand and our needs for water keep going up"

"what he said was his goal is to bring inflation down like we know that inflation is still high right now but his goal is to bring inflation down to levels where inflation isn't something that people notice that it isn't something that you're factoring into your household spending decisions that it's not something that you're factoring into your basic household conversations so he wants to bring inflation down not to zero but to something that's low enough that you don't notice it this is where his 2% goal is"

"your credit card company is doing it every single day they're getting that return by charging you interest on the things that you bought that you couldn't afford to pay off"

"a company becomes a dividend achiever if they have paid out and increased their dividend every year for at least the last 10 years a company becomes a dividend Champion if they have paid out and increase their dividend every year for at least the last 25 years and a company becomes a dividend King if they have paid out and increase their dividend every year over the last 50 years"

"investing your money into a fund that's paying you a dividend and this fund could be made up of dozens or hundreds of companies that way if one of the companies and the fund goes bankrupt well it's balanced out by the other winners so it's a way for you to reduce some of your risk"

"if you're generating this cash flow and you're reinvesting it the goal is to generate more cash flow however even if you reinvest your dividends you still have to pay taxes on that income even if you never see it"

"if you look at the whole picture what you see is yeah you're getting a 10% dividend but the stock price has fallen by 50% so maybe there's something majorly wrong with the company if you feel like this is a great opportunity to come in and buy this company because they going to turn it around and you're going to see the stock price sore then sure it could potentially be a good investment"

"when they look at real estate because they say oh I can buy this property for $150,000 today and maybe in a few years I'll be able to sell it for $300,000 and if they think like that they'll be willing to overpay for the property because they have their eyes set on the future price appreciation all they're looking at is how much can a sell the this property for in the future I don't do that"