저자: Kevin · 외국인
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고물가 지역 이주, 부채 최소화, 자동차 부채 지양, Roth IRA 내 머니마켓 활용 후 주택 구입 자금 마련, 직장 내 가치 제공 및 자격증/부업 추진, 주택을 순차 구매·임대하는 전략으로 백만장자 도달을 주장. 주식·개별자산 가격 방향에 대한 예측 발언은 없음.
다듬은 글
in this video I'm going to show you how to go from $60,000 a year at a job to millionaire let's get into it ready Jack high five I need high five bro high five high five bro oh he died oh Nole me look let's be clear today's economy sucks it really sucks it feels kind of like you bought a lottery ticket and you're looking at the lottery numbers and you're like oh my God oh my God oh my God oh my go did did I win and then you realize you got one of the numbers wrong or more directly it's kind of like somebody giving you money only to steal it back slowly it would almost be better if they just punched you in the face and took your money then the slow bleed that this economy is making everybody feel like they're in it's painful it hurts and it makes it feel like the only thing that's left is your soul so today's video is inspired by JS 1985 who left a comment quote no one special here making between $50 to $60,000 a year in this horrible economic State looking for help in scary times like this so first let me be crystal clear we don't even need music you can do this we can all get to a better place we can all get through this insanity but hopefully this video gives you some insight into exactly how let's get started all right you ready for step one step number one and people don't like to hear this and I want to be clear step number one is not going to be for everyone there going to be a lot of people say you know what look I've got family where I live uh I I can't do that feasibly whatever so so step number one consider it optional everybody's going to have their own personal circumstances here but step number one in my opinion you're making 50 60k a year and and you want to get to that next level consider moving to a high cost of living area ooh I said it okay that sounds intense most of the time when people hear that on YouTube they freak out most of the advice that you're going to get on YouTube is going to be people going you need to cut your budget you need to save every dime you get your hands on you need to live in austerity rice and beans and then you'll be able to get ahead it's nonsense it's complete nonsense what you should do is consider the following why are certain areas of the country high cost of living areas and I'm not talking about a dump Lake San Francisco that's like the opposite okay think about this Miami Los Angeles Manhattan why would those three places and I'm not suggesting you definitely go to those places I hate LA's guts okay San Diego is way better okay and so is Santa Barbara but anyway what why would those be so expensive why are homes so expensive there why are rents so expensive there and why do people keep moving there same goes for Boston even it's because that's where the jobs are and so when you go to a high cost of living area you can actually make more money think about this when you go to replace an outlet there's got to be some there's got to be an outlet somewhere around here we'll find an outlet okay there's going to be one over here in the bushes I promise look at that look how fast we found that okay we got to replace this Outlet right here with this buried weather cover block look at that tamper resistant GFCI that is sexy right there anyway you go to replace this in chilicothe Ohio maybe you'll get paid 15 bucks an hour to do that because everybody knows how to replace a GFCI outlet in chilicothe Ohio now on the flip side you go to a high cost living area Los Angeles uh again Miami or or the others we've mentioned how many people know how to actually replace an outlet very few that's because they're busy making money doing other things which means they have more money to pay you to do it and so this is what you have to think of when you're in a high cost of living area yes your expenses might seem like they're going up or you do what smart people do and you actually rent something smaller as you get started again this is why I say this isn't for everyone you know if you've got family roots in a in a town uh that might be going bankrupt because they've got bankrupt ideas and no jobs are the only places are closing well okay maybe maybe that's what you choose you choose to stay put but then you have to live on what you're making and start insulating yourself but if you really want to make a change you might have to pack up and move and it's much easier to make it by renting a small place even if it's a studio just to make it in a High Cost of Living area rather than trying to make it in a broke town where there are no job opportunities nobody's willing to pay you for your time because everybody has time you have to go where people don't have time that's the hack because when you go somewhere people don't have time what are those people willing to do they're willing to pay you if I had all the time in the world I wouldn't need a single employee because I could do everything but because I don't have all the time in the world I have people we've got like 15 people working for me to do different things that I don't have time to do that's what you've got to think of and there's also this like little side effect that I kind of want you to think of this when you have a lot of square footage a lot of space guess what people usually do they feel it so what I did with Lauren is purposely got us stuck into a 2200 squ ft home and now we have twins and two boys we don't even have a driveway we don't have a backyard and guess what I mean we have a tiny backyard can't build a pool cuz there's no room can't buy more cars because there's no room can't findy more furniture because where are we going to put it we we were looking at like some artwork the other day and we're like oh that's really cool oh wait we don't have a single bit of wall space left because we filled it all see it's you squeeze yourself into a smaller space guess what happens you automatically start saving money and you get paid more for your time step number one high cost living area I think I'm the only person on YouTube who actually suggests that find somebody else who gives you that kind of perspective and that's just step one you ready for the other Steps step number two and know you're not going to do this right now but everything that you do is going to be for the plan of eventually buying real estate look I know rates are high right now I know prices are unaffordable but every single action you take every time you swipe that credit card think about getting a car loan think about getting some kind of other debt I want you to think don't buy another four-wheeler okay don't buy a forklift I don't even know why I'm pointing at that we're going to focus on everything every action that we take we are going to think how is this going to affect our ability to buy a home you missed that payment on the credit card your home loan in the future in 5 years from now just got more expensive you file bankruptcy good luck trying to get a quality home loan within the next 7 to 10 years every action you take should be focused on down the road how are we going to buy a home now again why am I putting that at step two because we have to think about minimizing debt if you've got that new car but you've got you know a crazy $1,000 a month payment or whatever maybe and I hate to say it but maybe it's time to get rid of that because you're going to move to a high cost living area maybe that's part of one but number two is you're never going to get out of this anchor you have this anchor of a depreciating asset that will probably continue depreciating over the next 10 years a new car is going to lose dramatic value over the next 10 years I highly believe it electric vehicles will lead to Rapid deflation in ice Vehicles those are internal combustion engine vehicles and electric vehicles will become substantially and almost exponentially uh cheaper thanks to companies like Tesla getting into mass production so be very very careful with cars especially car debt because car debt is going to sync you remember this particular formula if you have $1 of monthly payments you have to go earn $223 to make up for that monthly payment that's because we take take debt to income ratios used to be a license lender technically I can just renew my license it's only expired but I don't use it so I don't but anyway uh this is what I would tell clients is look every single debt you take on is going to cost you $2.23 so that $1,000 a month car payment costs you $2300 2230 right $100 a month of income that's how much it costs you in terms of qualifying that makes it like impossible for you would ever get ahead so if we're thinking 5-year plan here why would you ever ever ever sink yourself into a car Deb sell that sucker for a loss get a used car and move on now let's get to step three not bad for the first house house hack bot all right let's get to the next step Next Step you may have heard this one before but not the strategy that I'm going to suggest now look I'm a licensed Financial advisor you know this I'm becoming a stock broker this isn't personalized advice for you this is designed to give you perspective so you can decide what you want to do with it but here's what you got to do the IRS just raised the limit to contribute to a WTH to $7,000 per year now remember I earlier in step two said everything we're going to be talking about is trying to get you to buy a house in the future or a townhouse whatever you know I hear people all the time they're like oh but Kevin I can't buy cuz it's too expensive in my area and now here you saying going into a high cost of living area well stop looking at four bedroom with uh you know a pool and uh this massive backyard I don't even have a big backyard this house has 10 times the backyard I have why Roth though because here's what the Roth does for you right now with money market rates over 5% which you could easily get just Google money market Fidelity money market tro price money market Schwab they're all all these mutual fund money markets are yielding roughly over over 5% just check to make sure you get one that's low fees what the beautiful thing about these is is you can own them in a Roth which means you could actually make that 5% roughly interest taxfree with money you contribute to the Roth after you pay your taxes so you pay your taxes you take up to $7,000 you throw it into the Roth now you park it in a money market you're yielding 5% now taxfree okay but what are you really doing where you're doing two things you're creating one an emergency fund inside the wrapper of a Roth and number two you are saving for your down payment for Real Estate now how does that work well the Roth is beautiful because the Roth actually enables you to do what withdraw your principle you don't even have to be 59 A2 you can withdraw your principle in a WTH for any reason at any point you can't withdraw your gains for any reason but you can withdraw your principles for any reason your principal not your principles the beautiful thing about this and withdrawing your principle is that you could use it to buy real estate so think for the next 5 years you contribute 5 * 7 that's $35,000 taxfree to a Roth milk the money markets or something very low risk over the next 5 years what happens after 5 years you have $35,000 you can withdraw penalty-free but guess what else you could then withdraw up to $10,000 of earnings penalty-free if you're going to buy your first house now of course always with tax things talk to a licensed accountant that is representing your best interest and your financial advisor right now I provide Financial advice as well you can see that at stack.com but right now for the purpose of this video I'm not your financial adviser but what's beautiful is that now you are milking taxfree money markets and you're going to use that tax-free money market to set yourself up in the longterm for buying real estate that's the key that is the key to really building your wealth now unfortunately you might feel like you're in a little bit of a hole and you might feel like crap I just don't make enough to even contribute to a WTH at this point I'm barely breaking even so what do we do next let's talk all right so this is the hard part especially since it's a tougher economy right now the first thing that I always like to do is recommend talk to your boss talk to your boss about what you can do to provide more value and I would be very transparent with them i' just say hey boss was wondering I'm looking to make some more money I'm down to work more hours I'm down to get another skill or license or certification what recommendation do you have for me so that I could work on at least getting to the path of making more money right that's different from hey pay me more now and I'll work harder that would be the worst thing to say because that sounds entitled that sounds bad that's very very bad you always want to ask hey how can I provide more value and you will almost always get rewarded if you don't get rewarded for providing more value for too long might be time to get a different job but anyway so uh consider this after you ask your boss that I want you to light the fire under your boss by starting to get a some sort of a certification or a license consider this let's say you are are a waitress right now or a waiter right you're serving and you're studying you know college material or maybe you're done with college but you're a waiter right now and what do you do you want to start taking on management shifts although maybe that's not the best example since sometimes managers at restaurant make restaurants make less money anyway consider this start getting yourself licensed in one of these vehicles ready for this series 65 licensed financial adviser real estate license nmls lender loan officer right you're basically at the bottom of lending and refinance most of them are leaving the industry great opportunity to start building strong foundations uh drone license with a photography and matterport certification okay I it's constantly a struggle to find good photographers that are willing to go out and actually work so if you have if you're willing to put in the effort you could learn watch Serge relli on YouTube that guy's freaking amazing especially his interior real estate photography home inspection certification Firearms instructor private Pilots license software engineer boy private Pilots license you know how much how many people are desperate to find Pilots right now oh there's so much money to be made that software engineering I mean that's kind of like a classic go-to now you do two things by doing this number one you're setting up a potential second stream of income but you're actually doing something even better remember how the earlier part of this step was to tell your boss you're looking to try to find ways to make more money right there's a reason for that because now after you ask that you get their insights and their Intel what do you start doing oh hey what are you up to boss oh okay that's cool yeah I was studying for my test this weekend Oh test what are you studying for oh uh you know just working on uh getting my real estate license now all of a sudden you at least send this subtle signal that hey you know uh you know if this doesn't work out uh there are other options for me be surprised the people who work the hardest at advancing themselves tend to get the greatest opportunities the more you better yourself you become better at what you're doing in your job you help other people become better around you you're a positive force you're a positive force of energy within the office whatever it is you get noticed that's really important which reminds me I actually had to do a matterport 3D tour of this particular property so I just knocked that out uh here's a little footage of kind of what that looks like really easy to do with this this especially since I can adjust the height so easily and it collapses down to fit into a backpack cuz that unscrews the little part's pretty small that's pretty small charges with USBC really easy I didn't even intend to have a sponsored in this but if you want to check that out go to metkevin.com 3D it is an affiliate paid for promotion but it's a product I regularly use it's awesome it's not worth doing the matterport Pro 2 this is a side hustle right here that's it that's it it's a little kit this is a side hustle on its own one what is this this is the 1in 360 edition like a lens yeah check it out 1 in sensor oh yeah then there's the other part where uh people talk about balance uh I found that one of the best ways if you're on your path to working towards becoming that longer term millionaire before you get into your real estate and all that is a I like to call it dedicated balance where you spend really exclusive committed time with people just sitting around with your family it's not too useful committed date nights with your partner uh committed trips with your children or your parents those are the types of balance that I like uh so I'm a big fan of work hard then keep working hard then play a little hard and then work hard again now keep in mind even if you don't end up fully using a side hustle if you even use it part ly and you intend to use it and intend to eventually make profit with it technically you could start writing off things that otherwise you might not be writing off with a W2 pay income which means you could pay off your phone or write off your phone that is you could write off your laptop or uh part of your home for business use of home there are a lot of cool things that you can do once you have a side hustle even if you have a W2 job see people like to bag on a W2 job but I'll tell you America has made it so wonderful that you could utilize a W2 job to qualify easily for Real Estate so now your goal is minimizing that debt getting that higher W2 job loading up that WTH and milking those tax benefits while using that side hustle enthusiasm to either negotiate more pay or potentially even find a great job and now you have more experience as you go into a great job so these are really critical for setting you up on the path to buy real estate obviously zero to millionaire buying real estate would be a different video This is how to get you on that path to get started to millionaire there there's one more big thing we've got to talk about let's just get through uh TSA here so now you've got the income and the debt availability to buy real estate and this might be down the road especially since at the time of this recording interest rates are quite high and it might might seem unfeasible to buy today but the time to buy will come again so let's prepare for that and think about that long-term trajectory our goal is going to be starting at about 25 or maybe 32 buy one property at least every 7even years if you're starting a little later maybe buy a property every four years and rewrite this math a little bit but it'll work roughly the same watch this you don't even have to start big you could start with a two-bedroom one bath condo or a studio if you're a high cost of living area at 25 you buy a place for 300K 32 400k 39 500k 46 600k 53 700k 60 800k look at that now you've bought 7 Properties by the time you're 60 so you could realistically start at 32 and be 67 down here and have $3.3 million of real estate what you're going to do is every single time you get a homeowner occupied loan you live in it and as soon as you go to move to the next one you rent out the prior and you get to qualify about 75% of that rental income you're getting on this one to help you here and since there's time between your first and second purchase rent hopefully will appreciate over time whereas your payment stays the same so you might actually be cash flow positive you probably will be actually after seven years no guarantees of course we can't make you guarantees you probably be cash flow positive for each of these properties and then you'll be living in an $800,000 house with another uh you know two .5 million of rental real estate and by the time you hit 30 years look this place is already paid off now maybe you've refinanced it in between to buy more properties but this place is two years from being paid off by 60 right kind of crazy if you think about it this way but this right here is the secret sauce because once you move you have to have a roof over your head so you're probably already renting something that is roughly the equivalent of this you got to live somewhere you're starting smaller that's okay that's what you're trying to get to and then as you grow you move from a studio to a one-bedroom to a two-bedroom to a three-bedroom to a four bedroom to a five-bedroom just a simple example right so don't buy your dream home day one because then you make it harder to jump around now moving's hard it's not easy but it's worth it because now your tenants every time you move to the next layer you're not paying off the loan anymore your tenants are paying it off because you're always getting a 30-year fixed rate loan and this is how you become a millionaire for sure #n gued because we don't want to get sued on YouTube but I mean look how simple this is the equity that you will have built up here alone will make you a millionaire for sure if not substantially more hashtag not guaranteed anyway if you want more of this perspective make sure to subscribe to the channel there's going to be a lot more of exactly how to pull off every single one of these steps and I've done exactly this for the last 14 years so I know what I'm doing when it comes to real estate and I can't wait to show you everything step by step let's go
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