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In this video we talk about how to climb the wealth ladder from building your credit score, to investing in stocks, to real estate to finally being able to afford yachts and private jets as a billionaire.
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26 comments
First
First
Really looking forward implementing some of these steps.
I’m done with steps 1-3, working on 4 now 🤑
Great video as usual man!
Why is this schmuck teaching people how to build billionaire wealth when he himself is not a billionaire?
So many ladders to climb, I'm getting a good workout! Great stuff, the wealth ladder is one of the most important to focus on and I like the way you broke it down into these 8 👍
My father's advice to me: "If it flies, floats, or fucks… rent it."
“Beezos” lol
One of the biggest walls to moving up in middle class is saving up enough for a down-payment on real estate. Unless you have a dependent to live with for cheap or free even saving enough for one is very difficult.
Which sucks because that leaves little income left over to invest in things like stocks, and ROTHs.
Invest in baby dogecoin and join the ape community.
Chaos is a ladder.
Financial warrior checking in.
Shifu, love that you're going into finance using your branding from the credit card ladder. I think you'll find us your followers growing.
So much to climb! I'm sure the view at the top is pretty great though.
Great list Ben! 👍
Cheers to you reaching millionaire status by the end of 2022! Start off the new year strong!
I’m going to have to disagree. I think Dave Ramsey’s baby steps is a better way to wealth building. Too many things on your list involve unnecessary risk taking. Obviously I don’t agree with Dave on credit cards lol.
You've really stepped up the quality of the content lately! I dig this thought provoking financial stuff!
More money. More problems
You don't have to be an "accredited investor" to invest in private companies. There are so many little loopholes it is not even funny. Example, you can bypass the "accredited investor" rule by simply knowing the founder, a board member, etc. Hi I'm Bob, nice to meet you Bob, now we know each other lol. And as far as the "worth" component, it's not like you have to supply audited certified financial statements…see what I'm getting at here…
I think another consideration of a wealth building ladder would be how close you are to being financially independent, as in you have enough stashed away in investments or cash flow assets where you can stop working and focus on hobbies or anything else that you’d rather be doing than being in the rat race. That’s greatly dependent on the individual’s living style, though. Living a minimalist lifestyle wouldn’t require as much as someone who has a large family & wants the nicer things in life, so to speak.
Mo' Money Mo' Problems 😎😂
Those are Porsches, not Lambos 😛
I think this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal.
Oh the PDT rule. It gets so many people who aren't familiar with trading. Renting, unless house hacking, is such a waste of money. We really need to teach financial education in school.
Ya I don’t F@&$ with stocks or ccypto. Too confusing. Instead im investing in my consulting firm & have been growing my business, while still working my job.
How to climb the wealth ladder… Don't buy shit until the shit u want to buy feels like pennies falling out of your pocket 🤷.If your attitude is getting money to buy the next shiny thing or go to a nice restaurant you will never rise from the gutters… I know way too many people who earn decent money but spend almost all of it on gas/car, food/entertainment, like wtf if you earn 5k+ and u can't even save 2,500 a month you are doing something very fucking wrong(by save i mean not spend on consumer goods aka flushing it down the toilet)