Get Rich and Stay Rich: How To Never Worry About Money Again
Published: 2024-09-03
Status:
Available
|
Analyzed
Published: 2024-09-03
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Verizon stock is predicted to have a 6.5% dividend yield.
"Verizon is paying right around a 65% dividend is 65% yield that means if you invested $100 into Verizon today you'd make $66.50 about in dividends"
Pending
The NOBL ETF is predicted to have a 2% dividend yield.
"n Noble is an ETF that gives you exposure to dividend paying companies in the S&P 500 that are part of the dividend Aristocrat Club ... at the time of we recording this video n obl is paying a dividend of around 2% a year"
Pending
Verizon stock declined by approximately 25% over the past five years.
"Over The Last 5 Years Verizon has fallen by around 25%"
Pending
The speaker prefers to invest for cash flow over growth.
"I prefer to invest for cash flow."
Pending
Investors should decide whether they want to be a passive or active investor when seeking cash flow from investments.
"now the next question you have to ask now is if you want to invest for cash flow do you want to be more of a passive investor or do you want to be more of an active investor"
Pending
Passive investing can include ETFs, index funds, mutual funds, and real estate crowdfunded deals.
"this is something now where you can invest in something like ETFs index funds mutual funds real estate crowdfunded deals where you're going to invest in something else and you said it and forget it"
Pending
Active investing can involve individual stocks, multi-family real estate, or single-family real estate where the investor manages the deal.
"this might be investing in individual stocks this might be going on and investing in multif family real estate or single family real estate where you're going to put the deal together you're going to manage the deal"
Pending
Stocks and real estate are identified as the two asset classes that have built the most passive wealth over the last century.
"do you want to invest in stocks you want to invest in real estate these are the two asset classes that have built more passive wealth than anything else in the last century"
Pending
Stocks can be invested in easily via phone, with minimal initial investment (as low as $1 or $100), and can be started almost immediately.
"the nice thing about investing in stocks is you can manage it off your phone you can start investing I mean in a matter of minutes you just open up a brokerage account and you can start investing with as little as 100 bucks 10 bucks even $1 nowadays with a lot of the new brokage tools out there so you don't need a lot of money to start you can start investing pretty much right now"
Pending
Real estate is a tangible asset that generates cash flow primarily through renting out properties.
"with real estate you own a hard asset it's something that you can see feel and touch you can generate cash flow and invest in real estate you're primarily Investing For Cash Flow because you're going to buy a property and rent it out to somebody living there"
Pending
Real estate investment involves more work, time, and money to get started due to dealing with property managers, contractors, and other parties.
"the downfall with real estate is it takes more work you're going to deal with property managers you're going to be dealing with contractors you're going to be dealing with City Halls you're going to be dealing with more people it takes more work to get started it takes more time to get started and it takes more money to get started"
Pending
Significant investment income may not be seen for up to 10 years, with returns gradually increasing over time.
"year one you're going to see no returns your two no returns your three no returns your four a little bit of returns your five little bit of returns your six a little bit more returns your seven a little bit more returns your eight huh not bad your nine a little bit better and you're 10 now you start to see some significant income"
Pending
Achieving financial freedom requires a decade of sacrificing by spending less and earning more to invest aggressively, building assets that generate income even when not actively working.
"it takes a decade of spending less and earning more so you can invest your money like crazy because this is how you buy your freedom I don't care if you run your own business I don't care if you're working a high paying job I don't care what you do if you want to have freedom you need to have Investments you need to have assets that will keep paying you even when you're not working"
Pending
At the time of recording, Verizon (VZ) offered a dividend yield of approximately 6.5%, meaning a $100 investment would yield about $66.50 in dividends.
"at the time I'm recording this video Verizon is paying right around a 65% dividend is 65% yield that means if you invested $100 into Verizon today you'd make $66.50 about in dividends"
Pending
At the time of recording, the NOBL ETF paid an annual dividend of approximately 2%.
"at the time of we recording this video n obl is paying a dividend of around 2% a year"
Pending
Over the past five years, Verizon (VZ) stock has depreciated by approximately 25%.
"over the Last 5 Years Verizon has fallen by around 25%"
Pending
Over the past five years, the NOBL ETF has appreciated by approximately 50%.
"on the other hand no has grown by around 50% Over The Last 5 Years"
Pending
The speaker identifies starting a business, real estate, and stocks as the top three wealth-building asset classes over the past century.
"The three asset classes that have built more wealth than anything else over the last century in the United States are starting a business, real estate and stocks."
Pending
Real estate is primarily an investment for cash flow, where rental income should cover all property expenses and provide profit.
"you're primarily Investing For Cash Flow because you're going to buy a property and rent it out to somebody living there rent it out to a business using it rent it out to somebody using your property and then you're going to get the cash flow which should if you do it correctly cover all your property expenses"
Pending
Real estate investors favor real estate due to its significant tax advantages.
"Real Estate Investors love real estate partially because of those tax breaks"
Pending
Significant income from investments is projected to materialize around the 10-year mark, with gradual returns seen from year 4 onwards.
"year one you're going to see no returns your two no returns your three no returns your four a little bit of returns your five little bit of returns your six a little bit more returns your seven a little bit more returns your eight huh not bad your nine a little bit better and you're 10 now you start to see some significant income"
Pending
Achieving financial freedom through investment requires a decade of disciplined spending reduction and increased earning to facilitate aggressive investing.
"it takes a decade of spending less and earning more so you can invest your money like crazy because this is how you buy your freedom"
Pending