AJ takes the next step in reviewing a home for Real Estate Investing. In past videos AJ broke down how he calculates real estate numbers, gets pre-approved for a loan and starts looking for a property to begin investing. He just found a new investment property and, in this video, will show you the walkthrough of this Real Estate and how/if he made an offer.
Should you pay off your house early or invest? This is a tough decision. Team Ramsey advises caller to buck the norm and pay off his house early. AJ explains how investing give the caller the financial peace he's looking for.
The Wealthy Idiots Website:
https://www.wealthyidiots.com
Social Media:
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https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
Original Video - https://www.youtube.com/watch?v=LjhcB92R7M0 - @Dave Ramsey
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00:00 Introduction
00:47 Proposal to react to Gold Digger
01:29 Start of Ramsey show, caller asks about paying off mortgage or investing
02:17 I don't have anything for my kids college
02:55 Household income is $400k
03:12 Pay your house off before the day is over
04:43 You could pay off your loan and then save up for kids college
05:31 Net-worth is more important than being debt free when it comes to financial peace
06:28 AJ will take over your mortgage for you
07:06 Rachel agrees with the Wealthy Idiots!
07:32 Debt Free DOES NOT equal financial peace
09:44 End of reaction video
09:57 If AJ takes over the loan, he can hundreds of thousands by investing
10:40 Conclusion
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https://www.youtube.com/watch?v=iFm2bBqgrsA
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Savings Accounts | Personal Finance in 10 Minutes (Podcast)
In this episode, DC covers the basics of a personal savings account. It's important to know how they work, the pros and cons, and when a savings account fits into your personal financial journey.
The Wealthy Idiots Website:
https://www.wealthyidiots.com
Social Media:
https://www.facebook.com/wealthyidiots
https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
Music by SoulProdMusic On Pixabay
https://pixabay.com/users/soulprodmusic-30064790/?utm_source=link-attribution&utm_medium=referral&utm_campaign=music&utm_content=146604
...
https://www.youtube.com/watch?v=4rf05yvIikY
The Fed just released its June CPI report...and it doesn't look good. AJ explains what the CPI is, how it's used to measure inflation, how it's changed over time and what you can do to help set you and your family up for success during this time.
Check out our COMPOUND INTEREST CALCULATOR as described in the show:
https://www.wealthyidiots.com/calculators/compound-interest
Social Media:
https://www.facebook.com/wealthyidiots
https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
The Wealthy Idiots Website:
https://www.wealthyidiots.com
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...
https://www.youtube.com/watch?v=akhErnoUkng
Part 2 of the interview with Ryan Crypto and AJ Sheff. They go into more detail around finding properties, mortgages, interest rates, and more!
The Wealthy Idiots Website:
https://www.wealthyidiots.com
Social Media:
https://www.facebook.com/wealthyidiots
https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
SHOUTOUTS AND RESOURCES:
1. Don't miss part 1 of this interview - https://youtu.be/Y_Nkv3szOGk
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...
https://www.youtube.com/watch?v=HRq_qKDzjCw
Checkout the Full Chapter 1 Review: https://youtu.be/18LXiWMiJYg
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Will This Change My Mind On Whole Life Insurance | "Becoming Your Own Banker" by R. Nelson Nash
The Wealthy Idiots Website:
https://www.wealthyidiots.com
Social Media:
https://www.facebook.com/wealthyidiots
https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
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Disclaimer: Nothing in these videos is intended to be professional financial advice. This is for entertainment and educational purposes only. We hope to motivate the viewer into taking serious steps into improving their financial future, however, a licensed financial advisor should be consulted when ever necessary. The viewer assumes all financial risk on any endeavors they attempt.
...
https://www.youtube.com/watch?v=7fzQQsufbkc
AJ explains how the interest rate is not the only cost to getting a mortgage. What other costs are there?
The Wealthy Idiots Website:
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Social Media:
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...
https://www.youtube.com/watch?v=ngdxP4jojG8
Wealth is as much psychology as it is math. We can build spread sheets and calculators until we are blue in the face, but they mean nothing if aren't doing the things necessary to make those calculations work.
In this episode of The Wealthy Idiot Show, AJ explains his top 8 principles that helped him start to get his wealth journey on the right track.
Check out our COMPOUND INTEREST CALCULATOR as described in the show:
https://www.wealthyidiots.com/calculators/compound-interest
Social Media:
https://www.facebook.com/wealthyidiots
https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
The Wealthy Idiots Website:
https://www.wealthyidiots.com
SHOUTOUTS AND RESOURCES:
1. Grant Cardone - https://www.youtube.com/user/GrantCardone
2. Meet Kevin - https://www.youtube.com/user/KevinPaffrath
3. Graham Stephen - https://www.youtube.com/channel/UCV6KDgJskWaEckne5aPA0aQ
4. Dave Ramsey - https://www.youtube.com/user/DaveRamseyShow
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Show Notes:
1. Spend your money - Grant Cardone
2. If you chase money, you'll never have enough. If you chase wealth, you will always have money - Meet Kevin
3. If you have free time, there is more you could be doing - Graham Stephen
4. A successful person is humble enough to ask questions - Grant Cardone
5. Investing is a basic necessity - Dave Ramsey
6. “Luck Is What Happens When Preparation Meets Opportunity" - Roman philosopher Seneca
7. "Perfection is the enemy of progress" - Winston Churchill
8. The Jones's are not the base level of a proper middle class lifestyle - AJ and every personal finance guru ever
Note: Most of these concepts are not quotes. They were concepts learned by listening to the people attributed to the ideas.
...
https://www.youtube.com/watch?v=P2Xl9sd2TVA
It's important to invest your money into something that will beat inflation and ultimately make you wealthy!
In this episode, AJ covers a variety of investment options, explains inflation and demonstrates the power of COMPOUND INTEREST over time. He uses the https://wealthyidiots.com website to show COMPOUND INTEREST over time. Check it out and see for yourself.
Check out our COMPOUND INTEREST CALCULATOR as described in the show:
https://www.wealthyidiots.com/calculators/compound-interest
Social Media:
https://www.facebook.com/wealthyidiots
https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
The Wealthy Idiots Website:
https://www.wealthyidiots.com
...
https://www.youtube.com/watch?v=zToBzeBSoqs
AJ reacts to Graham Stephan reacting to a US Marine. Graham pronounces Marine Corps improperly and AJ just can't let that slide!
The Wealthy Idiots Website:
https://www.wealthyidiots.com
Social Media:
https://www.facebook.com/wealthyidiots
https://twitter.com/WealthyIdiots
https://instagram.com/thewealthyidiots
SHOUTOUTS AND RESOURCES:
1. Original Video - https://www.youtube.com/watch?v=Aofm_Fckr30&list=WL&index=1
2. @The Graham Stephan Show
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...
https://www.youtube.com/watch?v=ODDR9shrL8w