How To Build Generational Wealth Without A Big Salary
Published: 2024-10-14
Status:
Available
|
Analyzed
Published: 2024-10-14
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The NOBL ETF invests in S&P 500 dividend aristocrats and currently yields approximately 2% annually.
"NOBL is an ETF it's a fund that invest in S&P 500 dividend Aristocrats and at the time we recording this video it's paying out a dividend of around 2% a year"
Pending
The SPYD ETF offers a current dividend yield of 4%.
"the second is spyd which is currently paying out a dividend of 4%"
Pending
The SCHD ETF invests in high-dividend-paying US companies and currently yields 3.3%.
"and SCD which is paying out a yield of 3.3% which is the most broad out of these SCD is a fund that invests in high dividend paying companies in the United States"
Pending
The XSHD ETF, from Invesco, focuses on small-cap companies that offer high dividend yields, currently paying out 7.2%.
"a couple examples are X shd which is paying out a 7.2% dividend yield this is an ETF created by an institution called investco and this is investing in small cap companies smaller companies that also pay out High dividend yields"
Pending
The DV ETF from Global X invests in US companies with super high dividends, yielding 6%.
"and the DV which is an ETF created by global X which invests in super high dividends in the United States which is currently paying out a 6% dividend yield"
Pending
The REZ REIT ETF provides exposure to residential real estate (single-family homes and apartments) and currently yields 2.4%.
"one is Rez this is a reate that gives you exposure to residential real estate that means this is investing in companies that are investing in single family homes and apartment complexes at the time I'm recording this video is paying out a 2.4% yield"
Pending
The XLRE REIT ETF focuses on ancillary real estate businesses like property management, builders, and developers, yielding 3.3%.
"and then we have XLR which invests in the anciliary real estate businesses that means this is investing in the property management companies the property Builders the developers at the time we recording this video this is paying out a yield of 3 3%"
Pending
The RWX ETF invests in international dividend-paying companies and offers a yield of 3.5%.
"couple examples of this are rwx which is currently paying out a 3 and a half% yield"
Pending
The speaker is personally invested in the VYMI ETF, which focuses on international dividends and has a current yield of 0.3%.
"and V ymi which is something that I'm personally invested in as a disclaimer currently paying a .3% yield"
Pending
Investing $1,000 per month into SPYD would result in a total investment of $540,000 over an unspecified period.
"let's assume that you can invest ,000 a month into spyd now let's take a look at what the numbers will look like over the course of your investing career you invested $540,000 into spyd"
Pending
Companies that have consistently paid and increased dividends for at least 25 years are referred to as dividend aristocrats.
"these are companies that have paid out and increased the dividend every year for at least the last 25 years"
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Real Estate Investment Trusts (REITs) are legally required to distribute at least 90% of their taxable income to shareholders as dividends.
"REITs must take at least 90% of their taxable income essentially their profits and distribute this money to their shareholders through a dividend"
Pending
Dividend reinvestment programs (DRIP) allow investors to automatically reinvest dividend payments back into the fund, compounding returns.
"dividend reinvestment program or dividend reinvestment plan where now you are working to reinvest the dividend money back into your funds"
Pending
Building wealth through dividend investing requires a multi-decade commitment, with the first decade often considered a period of sacrifice.
"the key here is you got to anticipate doing this for multiple decades because if you plan to do this for Just 2 years you're going to fail I call it a decade of sacrifice to start building a wealth"
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The speaker predicts that market crashes and recessions are inevitable, noting that the US economy has experienced a recession every decade for the past 100 years.
"the reality is we're going to see Market crashes we're going to see a recession our economy has seen a recession every decade for the last 100 years we're going to see more Market crashes"
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The speaker aims for a 7% cash-on-cash return when investing in real estate.
"when I go out and invest in real estate my goal is to get a 7% cash on cash return on my money"
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Metro Detroit, Michigan, is highlighted as a location where 7% cash-on-cash return real estate deals can be found.
"if you're in metro Detroit Michigan you can find these types of deals all day and night long"
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Real estate investors can utilize a tax break called depreciation, which allows a paper write-off based on the property aging, reducing taxable income.
"depreciation which means you get a paper write off this is not money that you have to pay this is a tax break that you get on paper only and you get to tell the IRS hey my property is one year older and because my property is one year older I deserve a tax break"
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The key to building a sellable business is to establish systems that allow the owner to eventually remove themselves by paying themselves a salary and potentially hiring a CEO.
"the whole idea is you want to build a business that you can pull yourself out of and that means treating yourself like an employee of your own business pay yourself a salary get to the point where your business is making enough money to pay yourself a salary"
Pending
A business generating $500,000 in revenue with $250,000 in expenses, and hiring a CEO for $150,000, would still yield $100,000 in profit for the owner.
"if hypothetically your business makes $500,000 a year and after all expenses you have $250,000 of expenses you have $250,000 of profit well now if you hypothetically could hire a new CEO at a $150,000 a year salary that means the business is still making $100,000 in profits"
Pending