Jaspreet Singh

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.

Banken sind nicht dumm. In Wahrheit sind sie sehr witzig. Banken machen etwas, was man nennt Frontloading your mortgage. Was das bedeutet, ist, wenn du einen 30-Jahres-Mortgage bekommst, was viele Menschen in Amerika machen, und du 3.000 Dollar pro Monat auf deinen Mortgage bezahlst, You're not paying $1,500 to your interest, your bank, and $1,500 to your principal, your equity.

Banken sind nicht dumm. In Wahrheit sind sie sehr witzig. Banken machen etwas, was man nennt Frontloading your mortgage. Was das bedeutet, ist, wenn du einen 30-Jahres-Mortgage bekommst, was viele Menschen in Amerika machen, und du 3.000 Dollar pro Monat auf deinen Mortgage bezahlst, You're not paying $1,500 to your interest, your bank, and $1,500 to your principal, your equity.

The way it works is banks front load your mortgage, which means for the first almost 15 years, it's about 14 years and 8 months or so, but for almost 15 years of your mortgage, the first 15 years, the majority of your mortgage payment is going directly into your banker's pocket in the form of interest.

The way it works is banks front load your mortgage, which means for the first almost 15 years, it's about 14 years and 8 months or so, but for almost 15 years of your mortgage, the first 15 years, the majority of your mortgage payment is going directly into your banker's pocket in the form of interest.

Das bedeutet, wenn du 3.000 Dollar pro Monat bezahlen würdest, für den ersten Teil deines Kredits, vielleicht 100 Dollar, geht aus den 3.000 Dollar in deine Einkommen. Die anderen 2.900 Dollar gehen direkt in deine Bankkarte mit Interesse. Und jetzt, ja, nach 15 Jahren, ist die Hälfte deines Kredits in deine Einkommen und die Hälfte in deine Interesse.

Das bedeutet, wenn du 3.000 Dollar pro Monat bezahlen würdest, für den ersten Teil deines Kredits, vielleicht 100 Dollar, geht aus den 3.000 Dollar in deine Einkommen. Die anderen 2.900 Dollar gehen direkt in deine Bankkarte mit Interesse. Und jetzt, ja, nach 15 Jahren, ist die Hälfte deines Kredits in deine Einkommen und die Hälfte in deine Interesse.