I’m Jim Costa and I want to thank you for visiting my YouTube channel A Costa Living. We are a personal finance channel that focuses on the critical information they should have taught you in school but never did. By watching our channel you will increase your financial IQ. Our focus is on concepts that are going to build your wealth, help you become financially independent and allow you to retire early. We will help you triple D the basics for your household and lifestyle.
The above is just a teaser and something fun to explain one of the topics we will be covering.
In this video, we talk about the extension of the rent moratorium and what it means for the housing market.
In this video, we discuss the impact of Wells Fargo canceling all lines of credit and what it means for the market. What are some of the other signs that we need to look out for? What effect will this have on inflation and the housing market?
In this video, we discuss how the affordability of homes is at a 50 year low. Meaning they are more affordable now than they ever have been. We compare median home prices with median income and determine what the mortgage payment would be based on the interest rates going back to 1970.
How the wealthy use debt and expenses to increase their net worth, assets, and income, and how they reduce their taxes. We show you how you can also. We take a deep dive into the numbers.
In this video, we discuss the current housing market and if we are in a bubble or not. We discuss and demonstrate the impact of supply and demand. What the fed is planning on doing and how interest rates are going to impact the market.
How to Retire Early with Real Estate a minimum wage job and a side hustle. This video discusses how to start from scratch with no money and a minimum salary. How to develop a side hustle and buy your first investment property and what to look for. How to duplicate the process and retire a multi-millionaire.
Retirement facts you need to know and the one thing you can do to retire in the top 20%. Sobering facts and why you need to change the path you are on. The anchor and recognition of where you are at, to start the Financial, Independence, Retire, Early (F.I.R.E.) journey, regardless of current income.
This is my reaction to Meet Kevin's Video: Real Estate Investing: $10,000 to $100k FAST & Blunt. I believe in the concept and even believe that it can be done. I disagree on some of his advice and elaborate a lot. This is a crash course in Real Estate with a lot of good information. I hope you enjoy!
This video is the first step in gaining control of your personal finances. We are starting a new series "Building your Wealth Wednesday's" practical advice and tools to gain control of your finances and start building your wealth.
This video is "Step 2" in gaining control of your personal finances. We provide and discuss how to fill out a budget for the first time. How to shift our mindset from our money telling us where it went, to us telling our money where to go. We help you understand income, expenses, and budget categories. We are starting a new series "Building your Wealth Wednesday's" practical advice and tools to gain control of your finances and start building your wealth.
In this video, we discuss the 20+ FICO Credit scores and how they are made up. What categories make up the largest percentage and what you can do to improve your credit score. We discuss the different credit bureaus, TransUnion, Equifax, and Experian, and discuss which FICO scores they use. We discuss what banks use to qualify you for a loan and what ratios they use for a mortgage. We discuss some tools and techniques to increase your credit score.
In this video, I take the mystery and challenge out of making tough choices and decisions by providing you with a decision matrix. I explain what a decision matrix is, how to use it, and even provide a free template to download so you can use it for your own decisions. This will help you make the right decisions based on the criteria that you set up.
This week's video is a recap of Joe Biden's new tax plan for 2021going into effect in 2022 and how it will affect the working class and middle class. We also have video snippets from Meet Kevin and Ken McElroy. This is my opinion of the damage Joe Biden's tax plan will have on the economy and how it will take away opportunities for families to gain control of their financial future. This plan takes away the incentive to NOT RELY on the government, invest in your community and family's future. This destroys an individual's life work and the ability for parents to pass something on to their kids. It penalizes the job creators and small businesses in the community. They want to eliminate the 1031 and stepped-up cost basis for inheritance.
Retirement facts you need to know and the one thing you can do to retire in the top 20%. Sobering facts and why you need to change the path you are on. The anchor and recognition of where you are at, to start the Financial, Independence, Retire, Early (F.I.R.E.) journey.
How to Retire Early with Real Estate a minimum wage job and a side hustle. This video discusses how to start from scratch with no money and a minimum salary. How to develop a side hustle and buy your first investment property and what to look for. How to duplicate the process and retire a multi-millionaire .
Becoming a Multi-Millionaire: Roth IRA and 401k (How to maximize both) Schools don't teach us about personal finance and how to build wealth. Instead, schools tend to help us get a job and be an employee. We learn nothing about the two main phases of life and the tipping point that allows us to retire. The reality is, the time value of money, appreciation, and investing in assets that generate passive income will allow us to retire financially independent and wealthy. We need to focus on different asset classes during both the accumulation and distribution phases of our life. With the right allocation and investments, we can also see an appreciation of our net worth, hedge against inflation, and create generational wealth. This video explains the process of achieving this transition by participating in your employer's 401K and a Roth IRA. This will show you how you can retire a multi-millionaire while saving less than 20% of your income .
Some of you are asking What are “Centers of influence”? Centers of influence are the things, ideas, and people that you surround yourself with that have an influence on your life. This is both positive and negative. I have told my kids several times throughout life you have to keep evaluating your centers of influence. The people and things you hang around and consume will start to permeate your life and you will start to emulate them or become like them. Look at where you are spending your time and money and ask yourself are these things helping me become a better person and moving me ahead in life. I want you to start changing your mindset. Start thinking of where you want to go and how you want your life to be 5 years 10 years down the road. Are the things you’re surrounding yourself with going to help you get there? I want you to start hanging out with individuals, couples, peoples that are where you want to be or who you would like to become more like.
Another "Fatherly Advice Friday Video". I try to give you my Boomeresque and tough love advice for the different generations that keeps a work, play, family, life balance. Today I talk about the two minimal things you can do to be productive in school, work, family, and society. We cover how to be a better student, how to be a better employee, how to be a better parent, and how to be a better spouse.
My review of this week's videos from Grant Cardone, Ken McElroy, Meet Kevin, and Kevin O'Leary. This is my Monday Match-Up. I talk about the key facts in the videos, the similarities, and important information my viewers should know about. How the information affects the real estate market, investing, and your retirement.
This is my reaction to Meet Kevin's Video: Real Estate Investing: $10,000 to $100k FAST & Blunt. I believe in the concept and even believe that it can be done. I disagree on some of his advice and elaborate a lot. This is a crash course in Real Estate with a lot of good information. I hope you enjoy!
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