Financial Advisors React to Jaw Dropping Money Clips
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What happened when someone sold 'Peanuts' crypto before it exploded to $42M?
the content team has given us some videos to chew through and they've told us they're jaw dropping but i am so excited for my jaw to drop let's dive right in i put i think 1300 into a coin called peanuts do you know when they killed that squirrel i don't know if you saw that yes yes peanut the squirrel so i'm like this makes sense this might go up and i sold it like for a loss of I put a 1300 bucks in. I sold it for $600. A week later, Binance added that coin as a tradable asset. It went from $50 million market cap to 2 billion. And I just posted this on Twitter today. My peanut holdings right now would be worth $42 million. Hindsight is always 20-20 when it comes to investing. I don't know that this guy specifically would have watched his peanut holding run all the way up to $42 million.
Does that count as one of those poop coins? I think the word you're I actually expect my money to work for me. I'm not hoping to get lucky. I think some people go with that saying, it's better to be lucky than to be good. I'm leaning more towards the good and consistent than I am to just being lucky and hoping that lady luck smiles on me. I love that.
Hey, now, I don't know if they're going to leave this in there, but I'm just going to throw it out there.
How would you invest $1 million? Would you put it all into the S&P 500 or would you use it as a down payment on a property? Depends on where you are. S&P 500. S&P 500 or buying into a franchise? S&P 500. S&P 500 or buying a business that already makes money? Buying a business that already makes money. Depends on how much money it makes. Buying a business or investing it across 20 startups. Buying a business because when you have one business and you're investing in it, you actually control all the risk in it and you can actually operate that business. Buying a business or Bitcoin. Buying a business. Buying a business or multifamily real estate. Multifamily for one important reason, because When you buy single family real estate, you're buying real estate.
But when you're buying multifamily, you're actually getting two things. You're getting the real estate and you're getting a business that works together. So in this case, you're not only getting a business, but you're also getting real estate. So it's a two for one.
You know, I don't disagree with a ton of what he said, although some of those are much easier to do than others. He said, you know, OK, he had a million dollars.
Why do the hosts prioritize 'good and consistent' investing over hoping to get lucky?
How would you do this? A lot of times if you want to go invest in like multifamily real estate and you have a million dollars to operate with. there's likely you're going to have a whole lot of debt. Whereas if you take that million dollars and you put it in the S&P 500, you don't have any debt. So those were not exactly apples to apples comparisons throughout that entire flow chart.
Well, good on him. He gave, because those were binary answers, you know, this or that. I'm here to tell you, life is not like that. For the majority of people out there who are not in the step eight of financial order of operations, the S&P is going to be your friend. Everybody loves to do the math of what levered debt will do for you because exponentially your money can grow. You put down a small amount of money and then because it's all leveraged up, you're going to make 10, 20% because of the levered debt. The problem is when you're using other people's money to pay that debt and then they quit paying you the rent, All of a sudden, you find out that levered debt can get really expensive really quick.
Did you know that nearly 50% of parents go into debt to take their kids to Disney? The average parent spends $6,000 on their Disney trip. Things like flights, park tickets, food, hotels, all of these things are really expensive when you go to Disney. But by going into debt, you're putting your family at a huge financial risk. So instead of going into debt, save up in cash, but there are also really great ways that you can travel hack so that you can reduce those costs significantly when you go.
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Chapters
5 chapters
1
What happened when someone sold 'Peanuts' crypto before it exploded to $42M?
0:00–2:11
2
Why do the hosts prioritize 'good and consistent' investing over hoping to get lucky?
2:11–4:44
3
How should you decide between S&P 500, buying a business, Bitcoin, or multifamily real estate with $1M?
4:44–7:36
4
What are the hidden risks of using leverage and debt in multifamily real estate investing?
7:36–12:56
5
Why is going into debt for a $6,000 Disney trip dangerous and how can travel hacking help?
12:56–14:54