The Silent Rich: How the Wealthy Stay Under the Radar

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The Silent Rich: How the Wealthy Stay Under the Radar

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Practical Wisdom - Interesting Ideas

Күн бұрын

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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.

Пікірлер: 61

@Muller_Andr Ай бұрын

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 3500+ units. I do not work.

@simone_maya Ай бұрын

I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.

@FranciszekPawal Ай бұрын

My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows

@Jennapeters144 Ай бұрын

If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.

@Muller_Andr Ай бұрын

To answer your question, The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Monica Mary Strigle‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

@simone_maya Ай бұрын

I agree the mrkt is manipulated that’s why I never contribute above 5% I try to enjoy the ride while I invest.

@Jakekhalid32 Ай бұрын

I've always wanted to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future..

@laiibrahim7502 Ай бұрын

It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit

@stanleyzac1648 Ай бұрын

That makes sense. Unlike us, you seem to have the market figured out. Who’s your fiduciary?

@Jakekhalid32 Ай бұрын

I think I'm also interested in knowing the person.

@laiibrahim7502 Ай бұрын

Dustin Dwain King is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@SamanthaWhite21 Ай бұрын

Dustin Dwain King's approach is crucial for succeeding in online commerce. His management group has been exceptionally effective...

@quantarrow Ай бұрын

Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place

@IshrakHossain-rt8is Ай бұрын

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

@katiekilbo Ай бұрын

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

@MianHussnain-tu1wi Ай бұрын

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

@amytuttle1621 Ай бұрын

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

@mfmcintyre Ай бұрын

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

@KirbyIneson Ай бұрын

Frugality lets you maintain a balance where only your priorities come first , leading you to a secure financial future. I am avoiding debt , saving and investing around 40 percent of my income. I have a high paying engineering job, and I live upstate MN. since covid 19 my expenses are extremely low. I have zero debt on a 7 figure portfolio, low rent and car paid off. So i can just save. feel lucky and grateful my fiduciary came into play.

@NamsaAlcantar Ай бұрын

Kirby please can i get your consultants info? or should i drop mine?

@KirbyIneson Ай бұрын

@@NamsaAlcantar she is Dianne Sarah Olson by name. please do your own research to see if she is suitable with your goals.

@soveinaaraceli Ай 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

@AurucciLou Ай бұрын

impressive , love this

@sweedish9184 Ай бұрын

From watching this video, a big part of being unassuming, quiet rich is staring off in the distance and usually holding a drink.

@gened2537 Ай бұрын

Most people want to “ look rich” rather than to be rich. Lots of insecure people out there who will go into major debt to play the part.

@tommywilliams5525 Ай бұрын

*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

@ConorONeil- Ай бұрын

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.

@davidhasselhoff83 23 күн бұрын

Yes, Warren Buffet still lives in his home in Nebraska but he also have homes in Hawaii, California, Europe and many other locations. There's armed security guards 24/7 at his Nebraska home as well. While he may still live in his first house, he has acquired many others. He was frugal, and that has allowed him to spend lavishly

@someoneelse6934 Ай бұрын

I am surprised there are no scammer bot posts yet bragging about huge returns from some mysterious Ms. So and so on the internet, which is then instantly followed by replies praising the scammer as well. I’m sure those posts are coming though…

@terrencesala5255 Ай бұрын

I read an article on what kind of vehicles the richest people in America drive and it was all Toyota's and Honda's.( lexis,accura ).

@genxx2724 Ай бұрын

I knew a wealthy older man, a retired judge, who got a Lexus after having had a BMW. He said of the BMW, “I sure took a bath on that one.“

@vernkay. Ай бұрын

Great advice, it all makes sense.

@Last_one_before_I_go Ай бұрын

Although I don't consider my wealth level high at all, I never talk about it. In this age, one can become a target very easily. Loose lips about your own wealth may sink your own ship. Of course you want to brag about your luck in life, but it's best to be disciplined, and remain silent. Don't bring it up when dating, or with whom you believe to be are friends or great neighbors. Things can turn on a dime, as we live in a litigious society. I agree with the concept of establishing a Trust, as I have one in place. I'm going to look at what an LLC will do for me. Continuing to fly under the radar allows me to sleep very well these days.

@goldworthenterprise Ай бұрын

Great video.

@carlyndolphin Ай бұрын

My net worth is $6 million. I don’t feel rich, I drive a $21,000 car which is 9 years old

@pensacola321 Ай бұрын

The Millionaire Next Door.

@genxx2724 Ай бұрын

But the illustrations show beautifully-dressed men who appear to be rich in elegant, expensive surroundings. That is the opposite of “the millionaire next door”.

@onehughes5093 Ай бұрын

As a rich person I found out I can be too kind ):

@someoneelse6934 Ай бұрын

Ditto. You’ll quickly discover the vultures who can’t help but come out of the wood work.

@RabighAnjum Ай бұрын

Make a video on investing in real estate and stock market

@charleshamby9564 Ай бұрын

Can you say please?

@becraftcorey Ай бұрын

Whats the point in being rich if you can't ever enjoy the best parts of being rich

@Last_one_before_I_go Ай бұрын

The best part of being financially secure is stress relief, which goes a long way in health preservation.

@lifesspot8086 Ай бұрын

True

@corneliakeller438 28 күн бұрын

Souns like those "silent rich" are kind of gods,....lol!

@VegasMilgauss Ай бұрын

👀

@LLTization 18 күн бұрын

So beautiful and informative. Giving to those in need and uplifting the next generation for generational wealth. My SMALL 🥬🌶🫑🍏🍊food garden is so peaceful, healthy and gives me such calm as I avoid over spending in overpriced supermarkets. GROW YOUR GREENS$$!!!