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53 year old average guy here in the double comma club. What I've learned when it comes to money....NO ONE IS YOUR FRIEND or has your best interest in mind. Learn as much as you can and manage it yourself.

@daystar73

2 ай бұрын

Absolutely...👏

@steve99912

2 ай бұрын

So true nobody cares more about your cash than you.

@bpalm7428

2 ай бұрын

truest words ever.

@sheenayaj1700

Ай бұрын

💯

@LuiggiChampan

Ай бұрын

I agree! And no one knows your money better than you!

Best decision I made was to take control of my own assets!

@daisyreinacher5022

Ай бұрын

Me too!

@qeinfinity

Ай бұрын

Me too!!

If you got 2mil without one then i say you dont need a financial advisor. You are one

@Arun71150

2 ай бұрын

Right!!! Multiple millions, not just 2. Lol. FA saw chaching!!!

@deanrotering879

Ай бұрын

My friends told me the same thing so I decided to keep on my own.

@augustdelacreme

Ай бұрын

Fr fr

@mjs28s

11 күн бұрын

Um...because you have millions doesn't mean you know about investing. One could build that wealth with a small business selling widgets. Then you sell out a decade or two later for $5,000,000 and you know nothing about investing....now what? Maybe you start out in your 20's as a plumber and then build a nice business and sell that off decades later for $10,000,000. And now what - you spent your life and career being a plumber and then running a plumbing business. What experience would that give you with all the other things that a CFP knows about and has to plan around and work with? Look at all the wealthy people and high earners that Madoff scammed. Strange again. Seems like having built up a large amount of money / assets doesn't mean that you know anything. Madoff's firm was self clearing. That would have been the first thing that should have made anyone run to the hills but rather they threw money at him and his firm like he walked on water. In this case they are very sharp, but that doesn't mean that you still know everything and have no need for advice. The CFP that I use for one business account simply asked me a question that ended up saving several thousand dollars of income taxes that, had I not had him and had that question not come up the play that I then made would not have been uncovered. Plus, through him I have access to all kinds of other things: private placements (VC, private reits) and other investments that most don't even know exist. That said, 1% is too high as I would think at the level of that one account alone that they would only have to pay 50 points and not 100. Now, I am talking about using a CFP, not a Financial Advisor. A CFP is a financial advisor but not all Financial Advisors are CFPs. There is a difference. But if one needs a CFP or FA, fee only or find one that you can use once or twice per year for an hourly fee and have an update meeting where they give you ideas to consider and you be the one to execute them if you wish.

I used a financial advisor in the past to manage ETFS and Mutual Funds in Nj. In 2 years he changed barely anything so when I called him and started asking questions he called me back stating I was calling too much and asking too many questions. I then stopped using him. I also found out that the retirement account he was suppose to manage he had no access. I will never use a financial advisor.

@jay_stack1270

2 ай бұрын

Wow!! 😂😂 so all these while he was just taking his fees..that’s crazy

@MTXSHO9732vV8SHO

2 ай бұрын

👍😆👍 Stop calling about YOUR MONEY

@glasshalffull2930

Ай бұрын

Hey,HE’S the expert!!! Just shut up and give him his commissions!!!! (Joking of course)

@genxx2724

Ай бұрын

I would get the fees reversed on that retirement account.

@lindamaag3541

Ай бұрын

We manage our own monies! My experience with financial managers has been financial bullying. Exploiting me and friends was their approaches, too dumb to manage our accounts. The Lincoln person told me he would put my monies in an American fund, charge 10%, and I wasn’t to bother him after I gave him my monies. Ouch!!!!!! Stand up for yourself. It is rare to even make 10% profits year over year. You guys are Great!!!!!!

Make a whole video explaining why you didn't go down the route you were planning

The shower scene 😂😂💀

@OurRichJourney

2 ай бұрын

😂😂😂😂

Hi, I'm interested in hearing your thoughts on way you all decided not move forward with the securities backed line of credit.

Exactly why I managed my own money.

@OurRichJourney

2 ай бұрын

So true!!!

Always cracks me up how someone working a 9-5 thinks they can "teach" folks who retired early and living off their investments how to invest. He knows there was nothing he could do for you guys investment wise and simply wanted that commission fee.

@melaniesmith1928

2 ай бұрын

Right! 😂 Sir, we did this without an advisor. Don’t do us any favors with your ‘help’.

Great video! Thanks for the heads up 🙏

LOL, used car dealership vibes 😊

Thanks for using your experience to warn us 😮

Yes please tell us what you guys decided to do to finance your next property purchase.

Really appreciate this video! Thanks for taking us along on your journey ❤

The Advisor was doing the Bird Man hand rub while conversing with you all. Glad you all stood on business!👏🏾👊🏾🙌🏾

Thanks for all the great advice you give, Love ❤️ you guys.

J L Collin's book would agree with you, " Manage your own money." Thank you guys for everything. I am at the very beginning of my journey.

@OurRichJourney

2 ай бұрын

Yes! We are definitely in favor of managing our own money!!!

Well said thank you for sharing your experience. It’s appreciated

Thank you for sharing, very helpful info!

Thank you for sharing!

I’d like to know why you didn’t go through with the line of credit. Can you post a video about it?

37%??!! Wow, you guys are amazing.

@OurRichJourney

2 ай бұрын

Thank you! 💕

@evanrousseau8666

2 ай бұрын

Magnificent 🎉

Thanks for the content, very informative and helpful.

I love this video and always enjoy watching you two together.

Thanks!! Please talk about securities backed line of credit

Excellent video!!!! Always deliver!!!

Thanks for sharing your experience. Yes, would love a video and why you changed your mind about the line of credit. Tracey

I appreciate you sharing your experience - thank you

Joined the journey last month! Thank you for providing clarity and a path to FIRE!

Thanks for posting content about FIRE! Its hard to find recent videos on it

❤❤❤ thanks for sharing 👍. Also the loan against value of portfolio is good insight to mitigate tax. Clever idea and very smart.

Another great video. This one definitely hit home for me. When we pulled our accounts from our previous advisor, he used several of these tactics. They definitely hate when you are an informed client.

Yes- would love a video about securities backed lines of credit.

So true! I had the same experience recently.

Interested in your take on the stocks-backed loan and what did you do instead

Great video! This was also my experience exactly.

Thanks for sharing your experience with the financial advisor.

Yes please explain how you pay the securities backed loan .

Great video!! Thanks for the walk through tactics. Thanks for increasing financial Literacy.

Very good points 🎉

So is this course different from the previous one and we would have to buy again?

Best video! Thanks guys.

Great video! Thanks for sharing! I'm curious in learning more about why you chose not to go with a securities-backed line of credit. Also, speaking of tax-loss harvesting, what are your thoughts on robo advisors like Wealthfront? Would love to see an updated video on your thoughts now on robo advisors like Wealthfront.

Great info

I want to keep my money too! Thank you guys for all the knowledge!❤😊

I’ve been looking into SBLOCs as well. Very useful tool.

Another eye opening video. 😊

Great video very insightful. I plan to always manage my money. Like they say "Knowledge is power". Thank you for reinforcing my own opinion.

What life insurance is the beat yall recommend or use

This was great! Thanks. Looking forward to your video on securities-backed line of credit. ❤

🙏🏾 This video is awesome. While I don’t have that type of money, that makes it even more important to make every penny count. I appreciate y’all sharing your experience. It’s great knowledge for me to have and many others, I’m sure. 👍🏾

Security lined backed credit sounds interesting please share. Thanks!

Excellent video Team, thanks for sharing.

@OurRichJourney

2 ай бұрын

Hi Will! Thanks for watching!

Love your channel. I’d love to understand your thoughts and reasoning why you did not choose to go with the line of credit

Thank you 😃😃😃😃😃

Great video! Would love to hear more about the securities-backed to line of credit

Please do a video on the securities backed line of credit!

Very good video!

I would like to hear what you think about the securities back LOC.

Yes, can you please talk more about security back line of credit? And if you dont use this then how can you use your $ to buy real state for example without paying high taxes? Thank you!!!

What alternative to the securities backed line of credit did you all use, if any? Great video.

This is good stuff!

I totally agree with you and had the same experience from well know financial advising places. I tried let one manage an IRA and they totally underperformed in a bull market. They obvioulsy didn’t rebalance it. Please do a video on Pledged Asset Line of credit.

thank you sooo much

Haven’t heard “scanless” in years. Took me back. Love ya guys!

@autobotdiva9268

2 ай бұрын

i busted out laughing and Amon said it hard!

Very interested in why you decided not to go to the securities backed loan for real estate purchase. Also is the purchase of your 3 other properties primarily to rent them out or is it to sell them at a profit after improving them?

This was a great video! Please create more videos like this that expose how some financial advisors at banking institutions may not have your best interest when it comes to managing your money. Also I would like to know more about how a securities backed line of credit works. Sounds like the equivalent of taking a HELOC on a home.

This video has been a life saver,thank you guys for such wise advice❤

Looking forward to the video about your path/experience getting the Security backed investment.

Thanks for sharing the advice guys. I would certainly walk right into this trap in the future had I not seen this. Keep doing what you're doing to increase the awareness of the uninitiated like myself. ✊✊

so happy to see you two continue to grow it was years ago i watched one of your videos on index funds and now look where youre at!

QUALITY CONTENT!!!

Enjoyed your video. There are very few financial topics that are both original and relatable to where I am on my financial journey and this video is both. I wrote myself a note to start researching "securities backed line of credit" and so I would encourage you to have that topic in a future video.

This was hilarious! Thank you for sharing!

$2 Million?! Wow, that's amazing! I hope you can do a video on what you invested in someday.

@PAULIEL.

2 ай бұрын

GET THEIR STOCK INVESTING COURSE AND THEY SHOW YOU.

@nikkoe2694

2 ай бұрын

They have lots of videos about that

Interested in the securities backed line of credit video :D

Thank you guys so much. I jist went through this same situation but my account is not at 7 figure range as yet.

Thank you for your advices. I started my journey 5 years ago. From zero to 300 000 euros on stocks and index funds. Thank you for the motivation. A French suscriber !

do you have video on securities backed loans? How much do you need to have to do this? What did you do because you did not want to incur large capital gains to make a big purchase?,... I know about harvesting losses.

Thanks a lot you guys! I learnt a lot from you! I appreciate your kind efforts educate people on financial knowledge which we never learnt in school! Kudos!

This is by far your BEST video ever!! So true AND entertaining!!

I am interested in knowing why you did not go forward with the credit. Thanks for these insights. I always remember what you have said in some of your earlier videos about the percentage charges by fin advisors- it would only make sense if they charge a fixed fee.

I would be very interested in the ways you leverage, investigating it myself, the securities line of credit and so forth. Do you elaborate on that? And yes! Great advice regarding financial advisors, I have used them in the past and lost a ton of money at their grezzy hands. most are crooks and are NOT looking out for your best interest

So glad we took your financial course years ago guys! You gave us the skills to be able to create and navigate our portfolio without a Financial Advisor and laugh at the few we have had to talk to while experiencing these same tactics. Knowledge is Power!

Thanks again for your videos. That one is so good as everyone has lived or will live this at some point.

Very helpful information! I have fallen prey to those type of tactic in the past. Would be interested in seeing a video on securities backed loan. Thank you!

Yes indeed.. It's the NEXT LEVEL. That IS how it's done (SBLOC).

They had no idea who they were messing’ with!!

Hello my friends Amon and Christina! Just wanted to check in and let you know that I am retiring on May 23rd. Just a few weeks away. My wife and I have so many travel plans upcoming, and I have a couple big opportunities that could be huge coming up. Still love how you are so relatable, open and transparent to all your viewers and supporters. I, and I know, that all that follow you feel like we know you like our closest friends. Such an important skill to have these days. A true success story for all to admire. I will always watch and check in when I can. One of our stops in our travels is Portugal. Hoping our pathes cross to share that Latte that is on my bucket list❤. All the best my friends. James and Ellen Spitzer

@jay_stack1270

2 ай бұрын

Congratulations 🍾🎈🎉 You both Enjoy your retirement 😊

What brokerage firm are y'all with?

As always thank you both for sharing your experiences with us! Helps us stay on our toes! It would be cool if you guys made a video about securities backed line of credit next! One question I have is if a person has some amount invested with VTI and another chunk with VTSAX, would the broker only consider one of those accounts or would the broker factor the total amount invested between the two investments? Anyway thank you as always Amon and Christina!

Thank you. I learned about this in your program a couple years ago. It was the best.. 365 Days!!!

Definitely want to know why you didn’t go with the security backed loan

always inspiring, congrats. do you have a video on how you managed 37% last year, and what funds/ETFs you are invested in?. To your point, I have not had much success with financial advisors and could have done better on my own invested in S&P fund. Thank you,

He sounded like those time share salesman 😂

I just came across your channel and subscribed. I’m now watching you guys from the beginning thank you

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@barbaranichols566

2 ай бұрын

However, how do you borrow against your assets? Please do an video.

Thank you two lovebirds for showing us all how it is done.... been following you for a couple of years and so proud of your success... and your wonderful advice... all the best

Superb analysis of sales tactics. Useful to know for any purchase. A great resource for sales people also! Would love to hear your take on financial advisors for after retirement. Spending down, health care and so on. Particularly since some of this may not apply to you.