Timecodes
0:00 The Difference Between Saving and Investing
0:37 Why You Should Save First
2:58 Investing Into Rental Real Estate
4:55 Real Estate vs. 401K Plan
6:31 Wealthy Investors Are Doing This
JOIN THE TAX-FREE WEALTH CHALLENGE NOW! MARCH 18-22 2024!
Taking the Next Step:
Download the Short-Term Rental Rule E-Book! ▶
Book a Professional Tax Strategy Consultation ▶
Watch this FREE Webinar on how to Use Real Estate To Offset W2/1099 Taxes ▶
Get Help Setting up Your LLC, Now ▶
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#SavingVSInvesting #InvestSmart #RealEstate
True wisdom brother Karlton. Thanks.
Short, concise, packed with valuable insights. Thank you for this information Karlton.
Damn this dude is the mothafuckin goat! This is a beautiful explanation and exactly how I'm positioning myself with my high w2 / 1099 income. Thank you so much for your valuable free videos.
Thank you for making the effort every morning and sharing your advice with us. You have changed my entire life and I continue to preach your name. Now I can say that thanks to Ms. Clara Burn I am improving my understanding of this whole world and making new big profits every week.
If you have to live at a property for one year how do I get my tax Depreciation? Can I still keep my current job if I want to buy a rental in another state ? Or do I have start over because I have to live there for one year ? Please someone explain how too get around that ?
Simply awesome!! How can I schedule a zoom with Karlton? Thank you.
I usually love the information you bring to us. but im struggling to understand why would you recommend someone to save 50k just to have it destroyed by inflation? all my savings is invested, either metals, crypto, or the market. I have a credit card for any emergency that might arise that will give me some time to liquidate whatever makes more sense to and take care of it. im also working on a first lien HELOC to help with that. I started investing right after i bought my first house because i had no idea how or what to do. but ive been steadily investing. Im currently updating my primary home so that i can rent it at a better price and with less headaches since it was not a new construction. Do you have any thought? i really havent seen a good argument for actually having that much money liquid instead of investing it. I now started saving on a high yield account 5.25% but its just money to invest as lumps when i identify a good investment besides my DCA. Thank you for all the info you share.
I’m definitely under water right now.
spread positivity like wildfire! 🔥
Hi Karlton what if you are in your 50s. Can you still follow this plan also..
Thanks Karlton, this video was very helpful.
Do you offer mentorship
Love short valuable videos str8 to the point! Great video bro!! Love
What's this weird ass echo in the audio?
Karlton you are doing an awesome with your videos. I enjoy them. Can you make them and integrate many tax law topics? Will be appreciated.
Best
You put the jacked in jacket. May need to get a bigger one
Amazing video!!!!
I think the better advice would be to not invest if your scared to lose it. No one ever talks about how hard it is for average person to save that kind of money. You need another form of income. Whether it's a side hustle or learning to trade. This video applies to people with a certain net income.
Thank you for the information
Bro, great video! Really good.
About investing, what are your thoughts about CHILIZ (CHZ)? A lot of people suggesting a target of 2 dollar. Is this a good investment ? See they have a lot partnerships and really good fundamentals. Your thoughts?
Absolutely 💯 strategy 👏🏽
Happy Black History Month!
Oh, the pain of poverty.
Almost at 50k can’t wait to start my rentals .do I still get the benifits on my w2 from depreciation or is that only when you get a loan I’d rather buy a cheap rental home that I can pay cash .1 home at a time
Id like to do that but in 2024, where i live an FHA scenario would mean a mortgage of $5500 a month. If I somehow survived the "sacrifice" of a year of this, who would rent my home for $5500 a month? Is there a cost segregation strategy that would be bad ass enough to tackle the losses as well as wipe out my W2 earnings?
What’s the average 50k a year w2 worker have saved is my question ?
Does that include avoiding 401K investments until you have $50K in savings? 🤔
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
Gold! Thanks G
Why would a 20 year old need 50k in 6 months?
Ill be in touch soon. Im a Marine Corps veteran in Texas and looking to use my no down payment VA loan to buy a duplex. Live in one side and rent the other.
just closed on my first house at 21 in september. I am house hacking with it and renting out other bedrooms. with interest rates so high right now this is probably the best way
I don’t agree the average person don’t have 50k in a savings account. Plus it’s proven you don’t need much to get started. Use the stock market and crypto to multiply your income to invest in real estate
The debut of a Bitcoin ETF signifies a pivotal moment in the cryptocurrency sphere, bridging digital currencies with conventional investment approaches. This advancement holds the potential to bring stability to Bitcoin prices and attract a more diverse group of investors, potentially driving up demand and value. Central to this transformative shift is Tracy Britt Cool Firance , whose profound comprehension of both cryptocurrency and traditional trading has played a crucial role. her comprehensive investment strategy and dedication to staying informed about market trends position her as an invaluable ally in navigating this new era of cryptocurrency investment…..
i live in the midwest and i've met 15 people in this region who moved out of California.
So good!!! Thank you for sharing all this knowledge!