If Learned This At 20, I Would be 10x Richer

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If Learned This At 20, I Would be 10x Richer

Рет қаралды 179,543

4 ай бұрын

To apply for the Motion Graphics position Ken mentioned in the video, follow this link: kenmcelroy.com...
In this video, Ken McElroy shares invaluable advice on financial literacy, emphasizing the importance of understanding how money works within the system to leverage opportunities for wealth creation. Through personal anecdotes and examples, from investing in real estate to entrepreneurial ventures by his children, the Ken illustrates how seeing potential where others see the ordinary can lead to substantial financial gain.
Ken has a real estate strategies podcast! Follow your favorite platform each week.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: mccompanies.com/
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DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind.
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Пікірлер: 192

@KenMcElroy 4 ай бұрын

If you want to support the channel, please share this video to increase its reach. It would really help us out, and it motivates Ken to make more videos. Thank you so much it really means a lot.

@endangeredentertainment8584 4 ай бұрын

How do we invest with Ken? Thanks!

@RobertAxel5 4 ай бұрын

@ricardoknight2782 3 ай бұрын

😂😂😂

@michaelschiemer3 16 күн бұрын

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

@Rachadrian 16 күн бұрын

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

@derrickholfman2 16 күн бұрын

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

@Quasoncaviness2 16 күн бұрын

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

@derrickholfman2 16 күн бұрын

Just research the name Annette Christine Conte . You’d find necessary details to work with a correspondence to set up an appointment.

@Quasoncaviness2 16 күн бұрын

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

@c.t.u.o 22 күн бұрын

I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow for retirement?

@MiikeFaber 22 күн бұрын

Things are a bit strange right now. Inflation is making the dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.

@yfar567 22 күн бұрын

If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.

@Jasongonzales-45678 22 күн бұрын

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

@yfar567 22 күн бұрын

I'm careful about giving specific recommendations since everyone's situation is different, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up online to see if she's a good fit for you.

@AllisonAhrens 22 күн бұрын

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

@Elizabeth-mh2dj 3 ай бұрын

I deeply appreciate your commitment to enlightening your audience. We all aspire to attain financial security and enhance our quality of life. This goal can be realized through prudent investments, mindful spending habits, and meticulous financial planning. I am thankful for acquiring the understanding of the significance of diligently striving for financial independence from an early stage in life.

@NievesLarish 3 ай бұрын

Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.

@MablePauls 3 ай бұрын

I wholeheartedly concur, which is why I opt to entrust the day-to-day decision-making to an investing coach. With their specialized knowledge and extensive research, it is highly unlikely for them to underperform. Their expertise is centered around harnessing the asymmetrical potential of risks while also employing measures to safeguard against unfavorable outcomes. I have been collaborating with an investment coach for more than two years

@SirBenjamin-oq1wd 3 ай бұрын

My partner’s been considering going the same route, could you share more info please on the advisor that guides you.

@MablePauls 3 ай бұрын

Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

@SirBenjamin-oq1wd 3 ай бұрын

Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.

@pedroAgondel 3 ай бұрын

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

@fameswap-dq5eo 3 ай бұрын

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading

@UsamaG-mq1jy 3 ай бұрын

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

@mikesnoek 3 ай бұрын

I'm new at this, please how can I reach her?

@anatolyivan 3 ай бұрын

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

@pedroAgondel 3 ай бұрын

she's mostly on Instagrams, using the user name

@matturner8 2 ай бұрын

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

@Johnlarry12 2 ай бұрын

Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

@emiliabucks33 2 ай бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@MarkGrimm8 2 ай бұрын

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@emiliabucks33 2 ай бұрын

Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@MarkGrimm8 2 ай бұрын

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

@EcomCarl 2 ай бұрын

your perspective on financial literacy as a game where the informed are winners is spot on 🎯. It's a powerful reminder that understanding the financial system and leveraging opportunities creatively can lead to significant economic empowerment.

@herbigp 4 ай бұрын

I have seen a lot of your videos Ken! This is in the top 5 for sure. Maybe top 3!

@Casey-summer 2 ай бұрын

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

@Buffet-walton22 2 ай бұрын

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

@Gallo-firestone 2 ай бұрын

Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn

@sloanmarriott5 2 ай бұрын

In fact, I had no prior experience or understanding when I began investing in 2018, but by the end of 2019, I had made a profit of almost $750k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

@lilyhershey1 2 ай бұрын

@@sloanmarriott5 Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?

@sloanmarriott5 2 ай бұрын

Wright promptly do a web check where you can connect with her Gertrude Margaret Quinto and do your research with her full names mentioned..

@BridgePewDiePie 3 ай бұрын

How about instead of giving generic advice like “Understand how money works” and telling us about your kids flipping beats headphones. You should explain what specific fields of knowledge about money we should learn

@dimitrisfilippou Ай бұрын

Agreed

@ozziekhoo 2 ай бұрын

This mf made a 10 minute video just to say: If you want money, work I knew I shouldn't have clicked on this clickbait of a video title

@goxnanfumw 3 ай бұрын

I am not in real estate (I’m in SaaS) but the idea is the same. Find a problem, give people a solution and make some coin. If you add value the economy will reward you.

@josiahgill9610 2 ай бұрын

Its crazy, i dont know when it happened exactly, but I am in the headspace that he describes now. Whenever I see literally anything, i think of how it could be leveraged to make money. I see a car for sale and dont think "oo i want that" i think "i wonder if i could flip that for a buck. How much time it would take and if its worth the investment. Consciousness is key!

@suathao9215 3 ай бұрын

Love that "you learn alot when it doesnt work and you learn very little when it does"

@fingonwin 21 күн бұрын

Supply and demand baby

@abcmaya Ай бұрын

8:35 That's what I tell people about stocks and daytrading

@owendavies8227 2 ай бұрын

Most people just don't invest. I the assumption that most people invest in the stock market at all is very generous.

@Jakekhalid32 4 ай бұрын

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living..

@Windarti30 4 ай бұрын

A recession as bad as it can be, provides good buying opportunities in the markets if you're careful and it can also create volatility giving great short-time buy and sell opportunities too. This is not financial advice but get buying, cash isn't king at all at this time..

@andresLK 4 ай бұрын

Many ppl are choosing AMZN as their "Stock of the yr" | agree it has a chance to be. But my question is what stocks can be the next APPL in terms of growth for the next decade? I have $250k ready money to invest for long term gains, and my goal is to retire comfortably rich.

@stanleyzac1648 4 ай бұрын

Sir Dustin Dwain king 's approach is crucial for succeeding in online commerce. His management group has been exceptionally effective. I also love his KZfaq page.

@CryptowithJAMESHub 4 ай бұрын

Dustin Dwain King indeed showcases substantial knowledge in this field. Following a comprehensive Google search using his full name, I thoroughly examined his webpage, encompassing his resume and qualifications, which proved to be truly impressive. Taking the proactive step, I left him a note and scheduled a call session to further discuss matters.

@BotSniffer221 4 ай бұрын

🚨🚨🚨 SCAM WARNING 🚨🚨🚨 This conversation is bots "talking" to other bots trying to impersonate real people receiving real advice. This is a scam that happens on a lot on these financial videos. Obviously these scammers are not very clever (most scammers aren't) and their made-up conversations are easy to detect. The comment and author has been reported to KZfaq.

@JBDoesYT-iw2fk 3 ай бұрын

this is really informative! I’ve been watching a lot of videos but not DOING thanks for the wake up call

@ronmexico5908 4 ай бұрын

You’ve got to wonder what ideas are going to last. Malls were popular for quite some time but not anymore. Online is the new real estate

@23bushman23 4 ай бұрын

Hello Ken!!, how does one determine the value of a raw piece of land with construction drawing approvals in place for multi family units development???

@jayantpanwar_1 2 ай бұрын

Wise man wise advice.

@CrashBr0 4 ай бұрын

Back in 2008-2012 I had a great credit score. I tried to borrow from a ton of banks to buy houses. But they said my debt to income was too high, because of my rentals that had dropped in value. So, unless you were cash rich, or could fund raise with rich buddies, forget it.

@KenMcElroy 4 ай бұрын

Ken went to get funding in Canada (Kens team)

@nickrobin7806 4 ай бұрын

Exactly that’s why when they say house prices go up when the interest rates go down isn’t always true. If you’re in a recession it does not matter what the cost of debt is if people can’t afford it they can’t afford it.

@CrashBr0 3 ай бұрын

@@KenMcElroy Smooth move 👍. Too bad I was probably a decade or more younger than Ken at the time. With no schooling, very little experience and just winging it the best I could. There weren't as many good sources of info back then. At the time my job was cutting pay, half my immediate family died, and my girlfriend left me. I know Boo hoo...everyone has problems and excuses. But anyway, that was a really good move, wish I would have thought of that! Kudos to Ken, that's why he makes the big bucks.

@louannhuber2651 4 ай бұрын

Ken - did you read The Art of the Deal? Same mindset.

@user-nq2no8id4s 4 ай бұрын

Thank you Ken for sharing golden advice! Keep this stuff coming. Sometimes we need the dots connected to see the possibilities.

@MyWealthBuildersRealty 4 ай бұрын

Ken, I can tell that you are super fired up about this topic! Which is awesome! One day, I noticed several quarters sitting on my five year old son’s dresser. We never gave our kids an allowance so naturally I was wondering where the heck he was getting this money from. Turns out he had been selling pages from a paper airplane book he got for his birthday. He would let the kids choose a page and he would ‘build’ it for them for .50 cents. And if they couldn’t afford a page, he would make them a cool plane out of a regular sheet of paper for a quarter. 😂

@778myko 4 ай бұрын

You got a based hustler 😂

@rossferguson5786 3 ай бұрын

Great episode ! Always appreciate Ken’s wisdom and this great content !

@usausausausa 4 ай бұрын

I love the car detailing / turo story. Smart kid.

@xavierprince 3 ай бұрын

Hi Ken I just wanted to say even though I already knew most of what you have said you are definitely giving out quality advice and information to young entrepreneurs I congratulate you on that

@GlorifyingX 2 ай бұрын

Thankyou for the dad wisdom.

@MIL_BanhadE.1031. 2 ай бұрын

Great Ken.. thanks for your time Sir.

@hegyo7969 4 ай бұрын

How much money is enough Ken? You're already worth a lot, but you contemplate being 10x richer if... So I ask you, how much is enough? At what point do you stop the endless pursuit and enjoy what you have and spend more time with the people dearest to you? Instead of constantly pursuing...more.

@williamfernandes6671 4 ай бұрын

Ken, thanks for your time.

@AwesomeDude272 3 ай бұрын

I can say that for the vast majority of people are in 5 or 10 years better off to not "just start a business" but invest 500€ into three high quality blue chips. Coming from personal experience, not because I listened to a KZfaqr.

@hritulnawale6213 2 ай бұрын

Thank you Sir

@ianthesiow3013 4 ай бұрын

TQ for the great advise.

@failforwardfast8609 4 ай бұрын

Thank you Ken, I have a podcast that I would love to have you on. 30 mins approx. we are real estate and success mindset focused.

@eddierobles2137 2 ай бұрын

Great insights . Thank you much

@jimmyboyles2868 4 ай бұрын

My brother and I would sell candy and other things in Jr High school. We went to the Principals office several times and put on 'probation' as US schools discourage Free Markets and thinking for yourself. This was in the '80's - the start of the Decline of the West

@demri123 2 ай бұрын

Other things lol

@briannemande6088 2 ай бұрын

You are truly amazing 🤩. You speak sense

@lanab4103 4 ай бұрын

True. But. Many business visionaries go in debt for their idea and then what they didn't see takes them belly up. Starting small like your kids is important i bet

@pearlperlitavenegas2023 4 ай бұрын

If I had learned to stop chasing $ in my 20s I would be a better happier person today. Yes you can be 10x richer but at what price? Think for yourself don't follow the gurus trying to sell you $something$/lifestyle blindly.

@johnnyb33good21 4 ай бұрын

Not necessarily about chasing money. It may be that in the beginning but the journey to becoming wealthy and having a mission and purpose and progressing towards something is we're happiness comes from

@BestRiddles100 2 ай бұрын

im in my 20s and honestly i find it a passion to make money because it is hard, anything i find hard to do i enjoy more of it but i dont focus only on money i do other things too! like martial arts, yoga, gaming, spend time with family. its all about balance.

@wanderingdoc5075 2 ай бұрын

Ken is divorced. Wonder why?

@wallyjohnson4971 4 ай бұрын

Great video Ken!

@ForeverPrimeBeats 3 ай бұрын

Solid vid

@martysk8r 4 ай бұрын

"It's so cold outside, I saw a Democrat with his hands in his own pockets." Jay Leno.

@carossetti 4 ай бұрын

😂 💀

@overplayed3553 2 ай бұрын

hilarious

@8400block 2 ай бұрын

Seems like there still coming to you for money. Make them find the money for the phone screens/ beats . That’s different but you’re giving them the money so they still have no work ethic.

@FrenchChefatYourHome 4 ай бұрын

thanks from France

@stefistefi6069 2 ай бұрын

You should have more different thumbnails on videos. You have this thumbnail on viddeo before.

@dhowto3005 4 ай бұрын

Thanks.

@saranshmehra8577 3 ай бұрын

Hi, You didn't explain who buys those big pieces of crappy lands and turns them into successful business.

@mrsmith677 4 ай бұрын

Good stuff like always

@krishtion 2 ай бұрын

“Tipoltle” hm

@michealadeleye7476 13 күн бұрын

iPhone fixer 3:38 🤑

@marlenamontero9408 12 күн бұрын

Why do I feel like these guys talk 9 minutes of fluff 😂

@jhoodied4861 2 ай бұрын

Another money junky guru. Yaaaaayy...

@rightright6582 4 ай бұрын

I like it

@ThisMyBeat 2 ай бұрын

Well dats dope

@Flexizy7 3 ай бұрын

Oh damn bro you look hit

@lukewarme9121 4 ай бұрын

What is it that Joe Biden see’s that we don’t see? 🤔

@anthonygray8966 3 ай бұрын

Getting Jeff Learner vibes

@absent_step_father6438 3 күн бұрын

lemmie borrow 20$ for tommorrow

@jabusimalane9498 4 ай бұрын

Real Estate business is all good until a war break out like in Ukraine. One day war will find its way into American soil, and we will ask how Real Estate business is going over there then.

@Rocklegend953 4 ай бұрын

You can continue living in fear while everyone else is getting rich!

@JamesG1126 4 ай бұрын

Dude claims to be a billionaire but spends his life doing KZfaq videos. Something doesn't add up.

@SCORPIO0601 4 ай бұрын

Maybe he enjoys sharing tips to help other people

@mailliw8647 4 ай бұрын

I've seen south park you can be a you tube billionaire with a " what what up your butt butters video"

@lucash7012 4 ай бұрын

When you’ve got billions, what else is there to do? You can search his name and find public info that shows he’s worth at least hundreds of millions

@beast36001 4 ай бұрын

@@SCORPIO0601 doubt it, there are many fake rich people on YT, there assests are really there debt, unlike liquid cash or stocks, gold etc

@beast36001 4 ай бұрын

@@lucash7012 you cant be that gullable, can you? name any other forbes top 100 or 200 people doing this, you wont!!

@danawc5595 4 ай бұрын

Yes we all need a chipotle for sure. I know it’s so hard to cook rice and beans and alittle chicken. Super hard. Spend spend spend. Society is getting destroyed just a matter of time

@mikieemiike3979 3 ай бұрын

No doubt. We make rice, beans and chicken everyday. Sometimes we mix it up. This is a no brainer.

@demri123 2 ай бұрын

Wrap a tortilla around it. Magic

@roro_81 2 ай бұрын

Late stage capitalism buddy. Not the 70s anymore 🥰

@Will.....Davlin 4 ай бұрын

Wool socks to bed=best sleep youve had🔵

@robbarrell 4 ай бұрын

Why do people keep saying this?

@mikieemiike3979 3 ай бұрын

@@robbarrell easy advertisement.

@robbarrell 3 ай бұрын

@@mikieemiike3979 I still don’t understand lol 😂

@Mr.LaMora Ай бұрын

That’s fine and dandy but you’re 30 years of building wealth was in the easiest economy in the history of the world and i cannot expect the same environment for my wealth building years.

@agathacolleen 20 күн бұрын

@ArashHildeman 20 күн бұрын

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

@mikesnoek 20 күн бұрын

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

@jadewashington7 20 күн бұрын

I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

@HighlightsSerieATIM 20 күн бұрын

I'm new at this, please how can I reach her?

@jahhflies 20 күн бұрын

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading