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How a 21 year old can retire a multi-millionaire (UK edition)
How Stock Market Bubbles work: The Tesla Case Study
You're wasting time | The Sit Down
Channel Support: Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261
Merch (supports the channel directly): https://teespring.com/stores/crush-the-wealth-gap
Patreon: https://www.patreon.com/amanbansil (thank you!)
Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap
My other creative works: http://amanbansil.com
Disclaimer: These are just my personal opinions; as always, do your own research and hire a professional should you need it.
4 Easy ways to avoid bad tenants | Real Estate
In this podcast: I am going to share my top 4 tips to make sure that you don’t end up with bad #tenants at your property. And at the end of the video, I may share another bonus tip, which is often overlooked but is a powerful tool for you to use to ensure that you motivate the renter to behave. 1) Which state is your #property in? For instance, in #California, it takes like 6 months to get someone out...I just spoke to someone yesterday whose property was completely trashed. It took him NOV 2019 until NOW (Aug 2020) to #evict the tenants! Here's the worst part: they didn't pay a single dime in rent or #utilities all this time, so he had to pay it while the pandemic is going on; he couldn't even shut off their water/electric - they threw parties and completely trashed it. They had 9 people living in 2 bedrooms. So, If this #property of his was in, say, #Nevada...well, it would take about 2 weeks to get a #Sheriff to evict a non paying tenant. So, that's tip number 1 - Buy in an owner friendly state. 2) Location (other than state): If the #apartment is in a good part of town, it's much less likely to be trashed. I had a #property which was in a good part of town and I had renters living there for a few years without any problems. So, choose to buy property in a good part of town where people who can afford to live there are the ones that apply. Note that these places will ALSO have higher rents and therefore WELL PAYING #renters. If you try to go cheap, then you're going to end up getting a mixed bag of tenants. 3) Vet the person by looking at #credit score and #employment and #savings. You gotta make sure that they can afford to live at your place. You can even have their HR give you a letter indicating what their current salary is and how long they've been employed (and what the state of their employment is). Usually, pay stubs are ok; but I would go one extra step to get this letter. 4) (my fav) contract this out to a PROPERTY MANAGER and let them handle the vetting part. A good property manager is going to cost 8%-10% and they'll handle all issues for you. They'll remind them of #payments and make sure they are up to date. It always is best to remove yourself from being a direct contact with your tenant. The Property manager will lop on late fees etc to ensure they pay. BONUS TIP: Watch the video! If you liked the info in this video, please go ahead and Punch that like button. If you’re looking to start investing, click the #Robinhood link below to start investing and claim your 1 free stock.
Channel Support: Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261
Merch (supports the channel directly): https://teespring.com/stores/crush-the-wealth-gap
Patreon: https://www.patreon.com/amanbansil (thank you!)
Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap
My other creative works: http://amanbansil.com
Disclaimer: These are just my personal opinions
Deal Middle America (A message for people who are struggling during Coronavirus)
Channel Support: Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261
Merch (supports the channel directly): https://teespring.com/stores/crush-the-wealth-gap
Patreon: https://www.patreon.com/amanbansil (thank you!)
Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap
My other creative works: http://amanbansil.com
Disclaimer: These are just my personal opinions
How society shapes us | Let's talk Happiness
Let's talk about how society influences us and our future behavior. Today, we are going deep into Mindset and the theory around social norms and decision making. Growing up, you were told to follow a certain path.
1. Go to school/college
2. Get a job
3. Get Married/family
4. Retire well
Where did these norms come from? Are these just some things your parents tell you so that you’d behave or is there more to them? To understand a bit more, let’s start by thinking of your life as a series of possibilities. You start your life with infinite possibilities limited only by, perhaps, your social status. ButAt any given point, you have an infinite number of possible things to choose from; however, your past heavily dictates where you ‘choose’ to go next. Once you make a choice, you take that abstract idea in the cloud of possibilities and you convert that into an action and then a result. And your reality changes to reflect that result. If we continue this process forward in time, we eventually arrive at the end of your life with all of your choices revealed and your life is now in the past with history never to be repeated again. Now, it’s important to note that this VERSION of your life is not the only version that’s possible. In fact, if you could go back in time and select different options in your lifetime, you would have a completely different outcome. In fact, there are infinite permutations of life events possible. And if we charted these on a graph, we would see a normal distribution of possibilities ranging from a life full of despair and a life full of extremes of joy. And the middle being contentment/happiness. So, what do Social norms have to do with this? Well, the norms that I mentioned earlier 1. Go to school/college 2. Get a job 3. Get Married/family 4. Retire well These all represent the most middle point in this distribution. This is statistically, the most common pathway that we take to yield a life outcome that is joyful and full of life. This is the NORMAL lifestyle of a human as described by our society. Social norms and our upbringing will push us towards this eventually. Many in our lives deviate from these paths: Warren Buffet, Elon Musk, - these are examples of societal elites who pushed the norms and did something different with their lives. For that effort, they are rewarded by society in material wealth and appreciation. So, they would fall somewhere right of the graph. So, Why am I telling you this? Well, the short answer would be - control. It’s in your control how your life actually plays out. Now, I understand that many things can happen in our lifetimes which can derail our lives from these socially accepted norms, but, what we do with those circumstances is also within our control. You must choose actions that create the right possibilities for you. If you family life is in shambles, you must take the appropriate actions today to fix the issue or to control it’s impact on you as much as you can so that you can drive your life outcomes towards happiness If your finances are out of control, then, you must learn and get control over your finances so that the other, more important aspects of your life dont have to suffer and compensate for your lack of focus. Mere Awareness of this potential possibilities can make you think of life differently, where you’re not at the mercy of your life dictating where you go, in fact, you are in charge of your life and you ensure that you arrive at an end life that will be meaningful to you.
Employers don't care about you
Loyalty to an employer can land you in the poor house. Employers want output; it can be from you or from anyone else they seem as fit. Your job at work is to treat yourself like a business. Get higher and higher pay by implementing these strategies.
Channel Support:
Merch (supports the channel directly): https://teespring.com/stores/crush-the-wealth-gap
Patreon: https://www.patreon.com/amanbansil (thank you!)
Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261
Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap
My other creative works: http://amanbansil.com
Disclaimer: this isn't stock advice. These are just my personal opinions.
How I lost $360,000 and what I learned | Millionaire reveals biggest mistake
Video mentioned: https://youtu.be/ujvs6WrHqlw
If you're reading this, I wish you the absolute best in the Stock market. I hope you learn something from my channel and make your dream of investing come true, no matter where you are. Don't worry, it's not actually that complicated. You just need to listen to the right people. The gurus that tell you that you can be a millionaire trading options, day trading etc are most fakes or chance millionaires - and, yes, some may be very skilled. But there is a reason why the stat still holds that over 95-99% of the day traders can't beat the SP500 over long periods...so, why fight against math?
If you wanna learn, I'm here to teach. And this wasn't easy for me to just put out there...I'm trying to show you my loses so that you can see that it's not all rosy and blue skies out there. But, hopefully, you go away with a sense of hope.
Channel Support:
Merch (supports the channel directly): https://teespring.com/stores/crush-the-wealth-gap
Patreon: https://www.patreon.com/amanbansil (thank you!)
Join Robinhood (1 Free Stock): https://join.robinhood.com/amans261
Get better at YouTube: https://www.tubebuddy.com/CrushTheWealthGap
My other creative works: http://amanbansil.com
Disclaimer: this isn't stock advice. These are just my personal opinions.
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