AJ explains how he looks at interests rates and when to look for when investing in real estate. The Wealthy Idiots Website: https://www.wealthyidiots.com​ Social Media: https://www.facebook.com/wealthyidiots​ https://twitter.com/WealthyIdiots​ https://instagram.com/thewealthyidiots Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj ... https://www.youtube.com/watch?v=bXkJsccISus

You have to find the fastest way to pay off debt and stay out of debt!!! AJ covers the 4 types of debt we get ourselves into that can ruin our wealth building journey. The last one may not be all bad. 1) Consumer debt - This debt will eat your wealth and destroy your future. Any debt that is 100% avoidable is consumer debt. 2) Emergency Debt - This debt is to be avoided at all costs. And is only acceptable if you ABSOLUTELY have no other options. 3) Gamble Debt - Any debt used to try and gamble on a positive outcome. This could be debt used to buy stocks, make investments or actually gambles away. Your future is not worth risking on gambles. 4) Leveraged Debt - This is debt used to purchase an appreciating asset such as a home. All the information and calculations need to take place to ensure this isn't a gamble. Once you're sure about your purchase decision, this is the only acceptable debt to take. 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. Dave Ramsey - https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw 2. SCARY Car Stats - https://www.lendingtree.com/auto/debt-statistics/ 3. Real Estate Investing by Chandler David Smith - https://www.youtube.com/channel/UCwrSXqysaxr7ZrnQOPnaf5Q Join Webull and get 2 FREE STOCKS after you transfer $100 or more: https://www.webull.com/activity?inviteCode=YGUxWYdsbWwj ... https://www.youtube.com/watch?v=JDxOfQ0bOYc

You won't want to miss this big Investing Tax Trick! There are only two things we know certain in this world...Death and Taxes. We all know that we have to pay capital gains tax when we sell an asset. However, this one trick may save you from paying any taxes at all when investing! And it has never been more applicable to investors than in todays economy! The Wealthy Idiots Website: https://www.wealthyidiots.com​ Social Media: https://www.facebook.com/wealthyidiots​ https://twitter.com/WealthyIdiots​ https://instagram.com/thewealthyidiots Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj 00:00 Introduction 00:48 Economy isn't super healthy 01:39 Avoid paying taxes 02:49 Tax Loss Harvesting 05:07 You can use Tax Loss Harvesting with your W-2 Income 05:34 Example of tax loss harvesting 07:58 Things to watch out for when Tax Loss Harvesting 09:15 Conclusion ... https://www.youtube.com/watch?v=4aZmpdC3-6g

There is safe real estate investing and then there is risky real estate investing! AJ explains how risky real estate investing works and what you might need to know about the risks. The up side is great! But the down side could ruin your whole life. The Wealthy Idiots Website: https://www.wealthyidiots.com​ Social Media: https://www.facebook.com/wealthyidiots​ https://twitter.com/WealthyIdiots​ https://instagram.com/thewealthyidiots Join Webull and get FREE STOCKS {Details in Link}: https://act.webull.com/promotion/invitation/share.html?inviteCode=YGUxWYdsbWwj 00:00 Introduction 00:48 Pretend Risky Real Estate Show Introduction 01:09 Safe Real Estate 02:47 Buy Rehab Rent Refinance Repeat (BRRRR) 04:21 Financing the down payment for an investment property 05:24 Example of 0 cash Real Estate Investing 08:34 Going Bankrupt 09:22 Adjustable Rate Mortgages (ARM) 12:49 Infinite Returns on Investment (ROI) 14:42 Conclusion ... https://www.youtube.com/watch?v=-8-K8aUOSZc