저자: Kevin · 외국인
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과거 부동산과 주식으로 큰 자산을 쌓았다고 주장하며, 초보와 전문가의 사고방식 차이(비상자금을 S&P500 등 지수에 두기, 패시브 소득보다 패시브 부(富) 추구, 소비보다 자산 투자, 3.5% 계약금 리노베이션 부동산 전략 등)를 강조한다. 영상 중간중간 자사 프로그램·Composer 등 유료 상품 광고가 포함되어 있다. 개별 자산에 대한 1~3개월 방향 예측은 없다.
다듬은 글
Hello everyone, it's me, Kevin. We are going to get lazy and learn how to create wealth. Let's begin. Now, if you don't know me, my name is Kevin. I'm meeting Kevin. I make videos on YouTube, but before I started making videos on YouTube, I became a millionaire in real estate. At one point, I had up to $26 million in real estate , as well as a stock portfolio worth over $20 million.
And now, friends, we will talk about wealth creation. And in this video, you'll get all my ideas on how to do exactly that, in the new format of poetry professionals. Newbies do stupid things. Professionals do smart things. Let's start . The first thing newbies do when it comes to value is they think you owe me.
That is, my boss owes me a raise, and I owe him a cheaper house or cheaper rent. The professional says, "No, I owe you." I owe it to society, and I'm going to work harder to make a good reality real. Then we have age. The newbie says, "Well, I'm only 18. Why should I worry about this ?" Or: “ I’m only 30.
Why should I worry about this now?” Or I make more money than my friends, so I'm doing well. Why should I worry about trying to make more money? The professional says: “I always have to look for ways to not stand still. How can I make sure that next year I can make more money than this one ? Maybe that means getting a lending or accounting license, becoming a real estate agent, or a Series 65 Registered Investment Advisor license.
That way, you're always evolving and building your resume. That's what a professional does. The newbie says, "No, I 'll worry about that in the future." Then, when it comes to taking risks, the beginner naturally says, “What if I fail?” The professional says, “ What if I don’t try? » The newbie says, “ I always have to have a reserve fund, because you know what?” If an emergency arises , a professional says, “No , no, no, no.
If I have a bunch of money sitting in my savings account , I'll feel richer, that I can spend more money, and I'll end up spending more money on things I don't need, or on things I don't want, or on a down payment for a more expensive car, or whatever, and I'll put off buying a house even longer because I have all this money.
So why wait? The professional says, "Uh-huh ." Real emergency funds are your chance to break the glass and do something painful to access that money. You really have an emergency . "It should be like breaking glass." "So what's the difference?" Well, the newbie leaves his money in a savings account.
A professional puts their money in an S&P 500 index fund or a general stock index and leaves that money available as a reserve fund because they understand that the market is likely to rise more than it falls. And even if the market fell by 50%, they would still have a 50% reserve fund available. The professional says, " Hey, I'll just assume my stocks are worth 50% of their real value, and then I'll focus my efforts on getting a bigger reserve fund." Now, when it comes to passive income, the newbie says, "I need passive income, so my dinner tonight is paid for, and, ah, this vacation is brought to me by all the money I just made on my dividend stocks." The professional says, “ Why should I try to have passive income when I’m trying to accumulate wealth ?” “Passive income is taxable in the year I receive it.
When I receive dividends, I am taxed. My goal is to defer paying taxes until retirement. That way, the amount I tax will be the lowest possible interest rate. And the best way to avoid passive income taxation is to not focus on passive income. Do this by focusing on passive wealth. Passive wealth is the growth in the value of real assets, such as stocks or real estate.
As the value of your assets increases, you don't pay any taxes until you sell them. When it comes to stocks, a newbie has absolutely no idea who he is. That is, he does not know whether he is a day trader, a swing trader, a short-term options trader, or a long-term diamond trader . He doesn't understand anything.
A professional says, "I have, let's say, 80% long positions in my portfolio, 20% for swing trading, and maybe within that 20%, 1 to 2% speculation." " Just for example, a professional knows about hedging against upside and downside. For example, a professional might say, “I have $3 million to invest in the market, and I’m feeling such fear of missing out ( FOMO) that I want to go all in right now.” But they might say, “You know what?
I'm going to take a small upside hedge, a small out-of-the-money call option, to prevent an all-in. “If the market is going up, then the out-of-the-money option is my hedge against risk. If it falls, I will lose on risk protection, but I will make money by investing the rest of the money I had at a lower amount.
Look, in this video we're going to talk about a lot more new poems, but I just have to say that some of the things are going to be a little tricky. You'll hear things that may not make sense, but there are a ton of extra details. And all of these additional details, whether it's about real estate or stocks, investing, wealth accumulation, or whatever, can be found by linking to my programs below .
And you can use the cyber Kevin coupon code to get the best prices on my programs on wealth accumulation, stocks and money psychology, real estate investing, selling real estate, creating YouTube videos, property management, and more. All information is described in detail in the programs, links to which are provided below.
But let's continue with the new versions. Returning to new versions. A newbie looks at the stock price and the value of their portfolio and gets nervous when they see red, and happy when ... they see green. A professional is happy when he sees the number of his shares increasing and sad when the number of shares decreases.
You see, it's the difference between P and Q. Newbies only care about P. What is the price of my stock today? What is the value of my portfolio today? It's like if they had a property, they would want to see it on Zillow every day. The professional says, “I know I have a good investment and it will be worth more in the long run.
My goal now is not to worry about daily fluctuations. She worries about quantity. Get more real estate, get more socks." “Right now, most newcomers to the stock market or even real estate want to get in there because prices have gone up. How are you doing? How are you doing? They are leaving. Slow. You know, that's lazy.
Enjoy. Thank you. The professional understands that there may be macroeconomic cycles when there are better opportunities to be patient with cash than to buy when there is a peak of speculation, euphoria, or, often recently, in stocks, what is called momentum. Be careful with investing when momentum is at its peak.
I need to get some momentum. The novice does not understand Udania, the ancient Greek definition of the good life. The beginner says, " If I can't be the best, I won't even try." I'll just get by." " A professional doesn't necessarily have to be the best at everything, but he understands that he can be a great investor." He could be a great real estate agent, a great CPA, a great investment banker.
They don't have to be the best programmer. They just have to be a programmer and do their best. That doesn't mean they wo n't be the best in the world. And you see, that's the difference. A beginner is afraid of not being the best. They don't understand that Udania is about balance in life. Having a balance between being good at many things, but not being terrible at one or the absolute best at another.
Balance. A newbie goes to Universal Studios and says, " I'm going to buy the cheapest ticket and spend 3 hours in line to go on one ride." The professional says, “I’m on vacation with my family . I'm going to make the most of our opportunities to have a great time together, and we're going to get fast passes.
We're going to spend a little more to make sure we can share the best experience together." You see, it's because a newbie cares about things. A professional cares about impressions. Things are relative. Oh, you have a better car because statistically on paper your car is faster or more expensive. The professional says, "I went on vacation to Hawaii." How are you going to compare this?
How are you going to compare how well I had my time on vacation to how well you did on your vacation, and how are you going to do it? You can't. Impressions are what you spend money on, not things, which actually leads to guns and oil. Newbies invest in oil. Oil is something that depreciates in value over time.
Oh, I'm going to buy an Apple Watch. Oh, I'm going to buy new clothes. Oh, I'm going to buy a fancy refrigerator. All of these things depreciate in value over time. I'm going to buy a new sofa, a $5,000 sofa, because maybe it will last a year longer. And they justify the cost of buying oil with rationalizations that are nonsense.
The professional says, “I’ll buy a sofa for $500, and when I need to buy another one in 3 years, I’ll do it. But in the meantime, I'm going to invest the rest of the money, because a professional knows that you always spend the vast majority of your money on things that increase in value. " Real assets, stocks , real estate, everything else—it's oil." And now a short 90- second message from our sponsor.
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Use my unique link in the description below to sign up for Composer. So be sure to use that link in the description below and at least check them out. You can also see the disclosure in the description. A newbie thinks about real estate and initially thinks, “Oh, I need a 20% down payment. And I don't have time to get 20%.
I have bills to pay." The professional says, “I do n’t worry about how much I contribute. I contribute 3%. But it will be 3 % on a house that I'm going to live in for the first year, and maybe I'll rent it out in the future, but it will be a 3% down payment on a good deal. That's why. The newbie says, "Oh my God, if I only put in a 3% down payment, I'll pay that much money in interest over 30 years." A beginner doesn't understand the time value of money, that investments grow more than debt.
So the newbie looks at a neighborhood worth $400,000 and says, "Well, I need a 20% down payment, so I'll have to save 80k plus closing costs." It's terrible, but I'll be able to avoid mortgage insurance and be able to spend less on debt over 30 years because they don't understand the time value of money.
" The professional says, 'I'm going to go to the same area for $400,000.'" I'm going to find the same repair option for $300,000. I'm going to take out a renovation loan at three and a half percent of the down payment on this property. I'm going to write a nice letter to the sellers and pay more than the buyer for cash.
And what am I going to do? I am going to buy this house, make my 3.5% down payment . And after I renovate it for an additional amount, maybe 10% of the money you put aside, $30,000 or so, you know, refinance that property; You'll lose your mortgage insurance, your lifetime permanent FHA mortgage insurance, and now you'll have a $400,000 property that you spent somewhere around $40,000 on, which is less than half of what the other person spent.
And now you have equity of over $80,000. Also, when you refinance, you take out the difference between your first loan of $280 and $320, which is almost like getting a refund of $30,000 on top of that. So it's almost like you got this property for $10,000 down payment and people are saying it's impossible.
I do this all the time. You see, the reason is that newbies are interested in white picket fences and renovated dream homes. These are homes for life. Professionals look and say: " This is nonsense." There is no eternal home. I want as many renovations as possible, getting below market contracts where I can grow my equity by doing simple things like rental level renovations, IKEA kitchens, paint , carpets.
Why spend 50 thousand on a kitchen? Have you ever gotten a quote for a kitchen and someone said it would cost 50 grand? You are wasting money . But you see, a beginner doesn't know, because a beginner doesn't even know how to communicate. He talks to the contractors. He says, “I need to do this. I need you to do this.
I will ask you to do this." The professional says, “ Hey, could you help me?” I have a limited budget. I need to find a way to prepare to pay rent." The beginner does not understand the basics of communication. A beginner does n't understand that people don't want to help someone who is angry, demanding, and insists on a price.
A professional understands, “Hey, I want you to make money, but I want to make sure we’re on the same page. This is a rental grade renovation. What can we do to save money so we can both earn? The newbie thinks that means you are the lord of the slums, but the newbie doesn't understand that there is a difference between the brand new and most expensive thing you can buy and something that is safe.
A professional investor invests in things that are safe and of good quality at a reasonable price. A beginner spares no expense on his dream house and everything else because he doesn't know it. He doesn't even know. The newbie doesn't understand economics and says prices are rising because corporations are greedy.
A professional understands that prices are going up because more and more people are demanding the same things I want, and that's why prices are going up. The same applies to politics. The newbie says that houses are expensive because greedy Wall Street corporations are buying up all the houses. Oh, my God.
It's always greedy Wall Street corporations. Maybe it has nothing to do with me . "It's them." It's always someone else's fault. Well, when you point fingers, three usually point at yourself . So when politicians point the finger at greedy Wall Street corporations, they don't even realize that they are the reason America can't build enough housing, because our bureaucratic governments make it too difficult to provide the free market housing we need.
And this is a problem that has been building for decades. Politicians don't realize this because it's unpopular to tell the truth. It's much more popular and praiseworthy to say that it's greedy Wall Street corporations, and then nothing changes because they don't actually solve the problem. And you see, this is another thing between noobs and professionals.
Noobs want to get out in front of a group of people or on social media and do something that will get a lot of views, that will attract a lot of attention, that will get a lot of applause and positive feedback. They fear social ridicule . Professionals will say "no." We need to get to the bottom of things by finding out the root causes of what is actually fact and correct, and what is real.
Decision. Expensive houses build more houses. How can we build more houses? We are simplifying regulation to ensure the right balance between speed and security. But this is unpopular. AOC can't tweet, "Hey, we'll solve the housing crisis by simplifying building codes to make things simpler and provide more affordable housing." It is much more popular to blame these greedy Wall Street corporations.
And you see, communication is the difference between a beginner and a professional. And this does n't just apply to politics, it applies to everything. Look at the people around you who say the most interesting things. Are they simply reciting statements, or are they providing actual facts? Data. Newbies say, “You know what?
If I can record a profit and if I have to pay taxes, that's fine ." “Professionals will always position themselves so that they can reduce their tax base in the long term. And here's a way you can do that with housing. A professional realizes that he may own a property that is worth a million today and will be worth $20 million in the future.
And if they decide that when they're 90, they're fed up with renters and toilets and they're going to sell their property, they'll probably pay taxes on the full $20 million value through long-term capital gains thanks to long-term depreciation. Don't worry so much about it. Just know that they will likely pay taxes on the full value of their $20 million portfolio.
That would amount to about four to five million dollars in taxes depending on the long-term capital gains rate in that state at the time. The professional realizes, " Wait a minute, if I'm 90 years old and I have a taxable portfolio of $20 million, and I accidentally die in an accident with my spouse, the next day my children can sell that portfolio for $20 million with an increased tax base." completely exempt from taxation.
Of course, once you exceed that threshold, around $20 million for a couple, you start having inheritance tax problems. But trust me, if you get to this point, you have other things to worry about. A newbie reviews his 401k retirement plan and always makes sure he takes every cent of the amount he can get from his employer.
Be it 3, 10, 50, 100%. They max out their amount in their 401k retirement plan every year. And every year they also max out their Roths because a Roth grows tax-free in your account over your lifetime. But a professional will also make sure that priority is given to real estate before focusing too much on the Roth.
Because this is the way we're going to end this. If I had invested all my money in the stock market, my spouse and I, $18,000, at age 18 and 19 , our money invested in the S&P 500 over the next 10 years would have tripled. We would be professional investors. We tripled. our money in index funds. Oh my God, now we have $56,000 instead of $18,000 .
But what did we do instead? We bought the wedge deal because we focused on wedge deals with this money. Of course, there are more principles you will learn in all the programs, linked below , regarding building your wealth. We were able to turn that $18,000 into $56,000 or three times that. We turned that $18,000 into more than a 12x increase in a year and a half.
$250,000 in a year and a half . And that's because when you start with a portfolio of less than $500,000, your goal should always be real estate first and stocks second. None of this information in the video constitutes financial advice. It is intended for entertainment purposes only. Ultimately, I'm just a YouTuber floating in a lazy river with short positions that are too short.
But if there's one thing I can tell you, it's Don't be a beginner and learn to be a pro. Link below.
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