Jaspreet Singh

I'm going to build wealth, I'm going to pay it off and I'm going to be able to have more freedom in my life because I can own this house. Let's go with the best case scenario. You buy a home for, let's call it $300,000. You pay it off. Und während deiner Lebenszeit wächst dieses 300.000-Dollar-Haus in Wert zu einem Millionen-Dollar-Haus.

I'm going to build wealth, I'm going to pay it off and I'm going to be able to have more freedom in my life because I can own this house. Let's go with the best case scenario. You buy a home for, let's call it $300,000. You pay it off. Und während deiner Lebenszeit wächst dieses 300.000-Dollar-Haus in Wert zu einem Millionen-Dollar-Haus.

Und jetzt wirst du sagen, Jasprit, ich habe dir gezeigt, dass das ein Asset ist. Mein Haus hat sich in Wert gesteigert, mehr als in Wert gesteigert. Und jetzt werde ich es meinen Kindern vergeben. Also jetzt, ja, deine Kinder haben ein Millionen-Dollar-Haus. Aber ohne dass sie das Einkommen haben, um für ein Millionen-Dollar-Haus zu bezahlen, müssen sie vielleicht ein bisschen mehr Geld finden.

Und jetzt wirst du sagen, Jasprit, ich habe dir gezeigt, dass das ein Asset ist. Mein Haus hat sich in Wert gesteigert, mehr als in Wert gesteigert. Und jetzt werde ich es meinen Kindern vergeben. Also jetzt, ja, deine Kinder haben ein Millionen-Dollar-Haus. Aber ohne dass sie das Einkommen haben, um für ein Millionen-Dollar-Haus zu bezahlen, müssen sie vielleicht ein bisschen mehr Geld finden.

Jetzt was tun sie? Weil du kannst nicht nur Geld aus diesem Haus holen, richtig? Ich meine, es ist kein ATM, ohne dass du in die Bank gehst. The bank will give you the cash because the bank says, oh, you have a million dollar house. How about we loan you $800,000? But that's not an ATM because you have to pay that money back plus interest.

Jetzt was tun sie? Weil du kannst nicht nur Geld aus diesem Haus holen, richtig? Ich meine, es ist kein ATM, ohne dass du in die Bank gehst. The bank will give you the cash because the bank says, oh, you have a million dollar house. How about we loan you $800,000? But that's not an ATM because you have to pay that money back plus interest.

Dollar.

Dollar.

Gut, wir sprechen gerade nicht mehr über Steuern. Aber du hast 1 Mio. Dollar. Du bist reich. Aber wenn sie keine finanzielle Bildung haben, und du hast 1 Mio. Dollar, was passiert dann? Na gut, lass uns das mal nachdenken. Wenn du 1 Mio. Dollar hättest, was würdest du damit tun? Wenn ich auf die Straße ging und die average Person fragte, wenn ich dir heute 1 Mio.

Gut, wir sprechen gerade nicht mehr über Steuern. Aber du hast 1 Mio. Dollar. Du bist reich. Aber wenn sie keine finanzielle Bildung haben, und du hast 1 Mio. Dollar, was passiert dann? Na gut, lass uns das mal nachdenken. Wenn du 1 Mio. Dollar hättest, was würdest du damit tun? Wenn ich auf die Straße ging und die average Person fragte, wenn ich dir heute 1 Mio.

Dollar geschenkt hätte, was würdest du tun? What are people going to say? I'm going to go to the Bahamas. I'm going to buy myself a nice house, I'm going to buy myself a nice car, buy myself some nice clothes, go to the Gucci store, go to the Louis Vuitton store and buy myself the extra guac at Chipotle. That's what the average person will do. Now maybe you're a little bit more financially smart.

Dollar geschenkt hätte, was würdest du tun? What are people going to say? I'm going to go to the Bahamas. I'm going to buy myself a nice house, I'm going to buy myself a nice car, buy myself some nice clothes, go to the Gucci store, go to the Louis Vuitton store and buy myself the extra guac at Chipotle. That's what the average person will do. Now maybe you're a little bit more financially smart.

You say, I'm just going to live off of $50,000 a year. But after 20 years, you have nothing left. Not to mention the fact that 10 years from now, So now let's go back to that situation. You thought you built generational wealth. You did a good thing about paying off the mortgage because you don't have to pay the mortgage payment. But is that really the type of generational wealth that you want?

You say, I'm just going to live off of $50,000 a year. But after 20 years, you have nothing left. Not to mention the fact that 10 years from now, So now let's go back to that situation. You thought you built generational wealth. You did a good thing about paying off the mortgage because you don't have to pay the mortgage payment. But is that really the type of generational wealth that you want?

And now to fully hammer this home, I'm not saying it's bad to own a house. It's actually very great. It's an amazing thing to own a house free and clear because now you can rest assured, you don't have to worry about the mortgage payments. If you have the financial education, that's great. But let's talk about now the real way to do this and build true wealth.

And now to fully hammer this home, I'm not saying it's bad to own a house. It's actually very great. It's an amazing thing to own a house free and clear because now you can rest assured, you don't have to worry about the mortgage payments. If you have the financial education, that's great. But let's talk about now the real way to do this and build true wealth.

When I buy my real estate investment properties and my property values go up, the rental values also go up. The rent is what pays for the maintenance. The rent is what pays for the upgrades. The rent is what's paying for the property taxes and the insurance. The rent is putting money in my pocket. And this is cash flow that I can use. I can use this cash flow to buy a vacation.

When I buy my real estate investment properties and my property values go up, the rental values also go up. The rent is what pays for the maintenance. The rent is what pays for the upgrades. The rent is what's paying for the property taxes and the insurance. The rent is putting money in my pocket. And this is cash flow that I can use. I can use this cash flow to buy a vacation.

I can use this cash flow to buy food. I can use this cash flow to pay for my lifestyle. But your house... Das tut das nicht. Du musst bezahlen, um in deinem Haus zu leben.

I can use this cash flow to buy food. I can use this cash flow to pay for my lifestyle. But your house... Das tut das nicht. Du musst bezahlen, um in deinem Haus zu leben.