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 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.
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, 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.
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 .
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.
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