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Real Talk W/ T-Higgs
United States
Registrace 6. 08. 2021
New videos released weekly on proven strategies to build & preserve wealth with real estate and the stock market. Join my newsletter for more insights directly to your inbox.
I was able to achieve millionaire status through real estate while continuing to work my 9 to 5 job. I want to help you achieve the same results. As a former Submarine Officer in the Navy and current Reactor Operator at a Commercial Nuclear Power plant, I try to give a realistic and honest prospective on building wealth through real estate and the stock market. I detail my greatest successes and failures on my journey and give actionable advice to help you on your financial journey. #personalfinance #realestate #wealthbuilding #longterminvesting
I was able to achieve millionaire status through real estate while continuing to work my 9 to 5 job. I want to help you achieve the same results. As a former Submarine Officer in the Navy and current Reactor Operator at a Commercial Nuclear Power plant, I try to give a realistic and honest prospective on building wealth through real estate and the stock market. I detail my greatest successes and failures on my journey and give actionable advice to help you on your financial journey. #personalfinance #realestate #wealthbuilding #longterminvesting
Buy Borrow Die Tax Strategy: How the Rich Pay No Income Taxes
In this video, I explain the Buy Borrow Die tax strategy and how it can help you keep more of your money. I break down how buying assets, borrowing against them, and passing them on can minimize taxes and build wealth. I'll show you step-by-step how this strategy works and when it might be a good fit for you. Join me to learn how the ultra-wealthy use this strategy to their advantage and how you can too!
⏲️Time Codes:
0:00 Intro
1:14 Step #1 Buying Assets
2:46 Step #2 Borrowing Against Assets
4:16 Real Estate Strategy around Borrowing
5:26 Warren Buffet the Master of Buy, Borrow, Die
6:04 Risk of Borrowing
7:20 How do you actually Borrow?
8:18 Step #3 Die
10:05 What about Estate Tax?
10:42 What Now?
🌟 About Me :
Former Submarine Officer/ Nuclear Operator turned into a Real Estate & Personal Finance Nerd. I was able to achieve millionaire status through real estate while continuing to work my 9 to 5 job. I want to help you achieve the same results. On my channel I try to give a realistic and honest prospective on building wealth through real estate and the stock market. I detail my greatest successes and failures on my journey and give actionable advice to help you on your financial journey. New videos released weekly.
🔗 Links:
📧 Join my Email Newsletter for Free Insights directly to your Inbox: talkhiggins.ck.page/c530cca832
💵 Start your Airbnb journey using my link for free listing review and receive $40: www.airbnb.com/r/terrellh1006?s=6&t=061n1v
🌯Buy Me Chipotle talkhiggins.ck.page/products/buy-me-chipotle
For business inquires please email at talkhiggins@gmail.com
📌Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a CZcams video for entertainment purposes ONLY. IF stocks or companies are mentioned, Terrell may have an ownership interest in them - Please do not make buying or selling decisions based on Terrell’s videos. If you need advice, please contact a qualified professional.
⏲️Time Codes:
0:00 Intro
1:14 Step #1 Buying Assets
2:46 Step #2 Borrowing Against Assets
4:16 Real Estate Strategy around Borrowing
5:26 Warren Buffet the Master of Buy, Borrow, Die
6:04 Risk of Borrowing
7:20 How do you actually Borrow?
8:18 Step #3 Die
10:05 What about Estate Tax?
10:42 What Now?
🌟 About Me :
Former Submarine Officer/ Nuclear Operator turned into a Real Estate & Personal Finance Nerd. I was able to achieve millionaire status through real estate while continuing to work my 9 to 5 job. I want to help you achieve the same results. On my channel I try to give a realistic and honest prospective on building wealth through real estate and the stock market. I detail my greatest successes and failures on my journey and give actionable advice to help you on your financial journey. New videos released weekly.
🔗 Links:
📧 Join my Email Newsletter for Free Insights directly to your Inbox: talkhiggins.ck.page/c530cca832
💵 Start your Airbnb journey using my link for free listing review and receive $40: www.airbnb.com/r/terrellh1006?s=6&t=061n1v
🌯Buy Me Chipotle talkhiggins.ck.page/products/buy-me-chipotle
For business inquires please email at talkhiggins@gmail.com
📌Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a CZcams video for entertainment purposes ONLY. IF stocks or companies are mentioned, Terrell may have an ownership interest in them - Please do not make buying or selling decisions based on Terrell’s videos. If you need advice, please contact a qualified professional.
zhlédnutí: 37
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Buy or Rent (What They Don't Tell You)
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In this video, I break down the pros and cons of renting vs buying a home. Find out the benefits of renting, like flexibility and fewer maintenance worries, and compare them to the advantages of buying, such as building equity and having a place to call your own. We also discuss the downsides of each option to help you make the best decision for your situation. Join me to learn which choice is ...
What is a 1033 Exchange? Can a Disaster or Eminent Domain actually help your Real Estate Portfolio
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In this helpful video, learn how 1033 exchanges can save your real estate investment! Discover what a 1033 exchange is and how it can help you defer taxes when your property is taken by the government or through a natural disaster. We'll explain the steps involved and how you can use this powerful tool to protect your hard-earned money and potentially even expand your real estate portfolio. Joi...
What is Accredited Investor Status: The Investments No One Talks
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Learn all about Accredited Investor status and the wide range of investments available to accredited individuals. From venture capital and private equity to hedge funds and real estate syndications, we'll explore how accredited investors can access high-potential investments reserved for the wealthy. Join us as we demystify the world of accredited investing and empower you to make informed deci...
Life Lessons from 6yrs as a Submarine Officer
zhlédnutí 3,4KPřed 2 měsíci
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Stop Wasting Money: Free Alternatives to Expensive Things 💰 #savemoney #budget
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How to get a Low Interest Mortgage in 2024
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Life Changing Lessons from The Book Die With Zero by Bill Perkins 📖
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Welcome to Real Talk with Terrell Higgins #realestate #personalfinance
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Success Secrets of the Wealthy: How to Become Wealthy 💵
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Is Real Estate A Good Investment Without Cash Flow?🏡
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How to Reach Millionaire Status From Scratch? #wealthbuilding #personalfinance #financialeducation
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Why do the Wealthy Always Own Real Estate? #wealthbuilding
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9 Ways to Start in Real Estate With No Money🏡
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Achieve Dreams: Expert Goal Setting Guide🏆
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Real Estate LLCs: Do You Really Need One?🏡
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🧠 A Deep Dive on the Zeigarnik Effect: How to use it to get the results you want in life!🥇
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Dollar Cost Averaging Index Funds: Easiest Method to Millionaire Status! 📈
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Using Short Term Rentals to Generate $100K A Year With One Property🏠 #airbnb #realestateinvesting
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What is the worst thing that can happen hosting an Airbnb? I share my worst experience hosting🏚️
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Zero to a Million: Path to My First Million Dollars
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Zero to a Million: Path to My First Million Dollars
This leads to more and more wealth inequality every generation. But it's fixable if the broader populace pushes for certain policies like: Tax wealth more: (especially assets that go beyond just the house you live in) tax income less. Tax inheritence beyond a certain threshhold heavily (maybe anything over 5 million $)
@@Goriaas unfortunately the rich have so much influence on public policy, it is hard to imagine these loopholes actually closing. 😐
Love the new setup! This video was especially helpful and encouraging!
Can I please ask about claustrophobia? Do submariners ever freak out?
@@catherinesofikitis179 No. It is a completely volunteer service so if you are claustrophobic or freak out easily, you don’t volunteer. No harm, No foul, they just find you another spot in the Navy.
@@talkhiggins do you ever wonder what is outside?
@@catherinesofikitis179 You can see out the periscope occasionally. But you get accustomed to just hanging out down there. If you are at sea for a long time it actually takes a few day to adjust back to normal life. How bright the sun is, seeing things far away, the speed of driving a car.
@@talkhiggins thank you for answering me. I have been curious. 2 of my friends have sons who are submariners. Thinking about them and praying for them often brings questions to my mind. Thank you
First video in our new house, let me know if you like the new setup. Thanks for watching!
Thanks,, I'm from the sub service myself. Served uss sea devil ssn 664. Back in the late 70's early 80's.
@@billmiller9763 Thanks for Watching!
you have my sub. keep it up mate
@@stinpalpak Thanks! I appreciate your support.
If you are struggling with debt, know that you are not alone and there are free resources to help. Accessing your home equity can be a very powerful tool if used judiciously, but can make a bad situation worst without the proper plan in place. Here is a link to Approved Credit Counseling Agencies near you to help you put together a plan and start making progress. Thanks for watching! www.justice.gov/ust/list-credit-counseling-agencies-approved-pursuant-11-usc-111
Hopefully you found this video useful. If you plan on moving forward with purchasing a home check out my video on how you can get a low interest rate in today's high interest rate environment. Thanks for watching! czcams.com/video/hlrvrTStJYw/video.html
Another solid video
Thanks!
Well Done! Very Proud of You!💪🏾❤️
I was a plankowner on the USS City of Corpus Christi SSN-705
Let's keep it simple When I was a kid: We had no cable No internet No cell phones No NETFLIX No NFL package and yes school was uphill both ways.. Today's society has bought into the marketing that all of these things are needed and we would be embarrassed to tell friends we don't have them. I taught my son about these pitfalls and that you would have to earn about 175% of the cost when you figure out all of the taxes taken out of your check just to get them. Yet most of the young have no idea what the rule of 72 is or understand doubling of money and how it pertains to long term investing. You can get to two commas but you have to have a plan and a vision of how to do it.
It certainly takes time and a plan. Thanks for watching!
I'm in! Thank you for your service!
Thank you for your service! And Thanks for watching.
Great to see that many of your lessons learned can easlily be transferred to non-military surroundings, e.g. academia. When watching, I realized that a lot of what you explained in this video kept me going during hard times as a PhD researcher without any meaningful results after three years of hard work. God bless, and best regards from Germany.
Glad you found it helpful. Thanks for watching.
I had the honor of visiting the USS Toledo while it was in its home port in Groton, CT. Command used our group of very smart civilians as preparation for a visit from the Joint Armed Services Committee and First Lady Michelle Obama. Command wanted us to ask questions, lots and lots of questions. We got the VIP tour of the base and some training facilities. We were told about what a volunteer goes through just to be selected for the submarine service, the extensive psychological evaluation that a potential sub mariner goes through. You have little personal space; only those at the top have the privilege of being able to shut a door on themselves without stumbling into a shipmate. Then, there's the training--appropriately challenging. Only the best and the brightest get to take Uncle Sam's dollar and sail under the seas in submarines. I was impressed at how many enlisted submariners love their work; how many of them have done multiple contracts. They know that if you go to a watering hole in or around Groton and New London, there's recruiters looking for submariners who might be persuaded to return to the civilian world for a lot more money than Uncle Sam can afford to pay them. In fact, the base CO pointed out a couple of civilian recruiters, looking for nukes. He knew that Duke Energy and the Tennessee Valley Authority, etc. were recruiting. So was Lockheed Martin, General Dynamics / Electric Boat. There are fine dining establishments who would love to have a former submariner cook as a sous chef. The base CO rattled off the names of local businesses who wanted to hire experienced enlisted submariners. I asked, "Why to our service people chose to take Uncle Sam's dollar, spending their careers in the Silent Service, when civilian employers are willing to pay a lot more for their services?" I concluded that It's the culture. Submarines are very special places. Officers like you are truly special. The SEALS, SEAL Team Six, Delta, etc. get all the glory. Submariners are just as special as Special Teams guys, but in a different way. There are precious few people who have the right psychological make-up and the intelligence that it takes to go to sea in submarines. It's important to remember that the wife and kids left behind also serve. They make sacrifices. I was told that a very common reason a submariner leaves the Silent Service is family / marriage. I am an old-school GE engineer. At one time, where I lived, you really wanted to work for GE. GE had a great culture. We hired the best people for the job we could get our hands on, expected them to behave as adults and treated them right. We were taught that, as a manager, the most important thing you bring to the table is YOU: your character, your values, your morals, your ethics. The higher up you go, your technical expertise becomes less relevant (you have subordinates to take care of that) but who you are as a person becomes more relevant. I was worried (and am still worried) about Donald Trump residing in the White House. I am worried because he lacks basic morals, personal honor and ethics. I am definitely not thrilled with Joe Biden, because he's a Go Along to Get Along sort of guy--a trait you really don't want to see in a leader. I was impressed when it came to the camaraderie, the culture that develops in submarines.
The culture is very special. Few will ever understand the sacrifices and rigor required to work on a submarine. It is a brotherhood unlike any other. To this day if anyone I served with reached out, I would drop everything to help them out. Thanks for sharing and watching!
SSN 751 brings back some memories. I spent 3 days at sea onboard for my command qualification observation. Good boat, good memories. Thanks for your service.
Thank you for your service! And thanks for watching.
CZcams algorithm working here, great video
Thanks! I'm just trying to contribute with my unique experiences.
God bless America!!! From a Canadian!!
Thank you for your service ❤❤❤
Love this video! I’ve now sold my happiness 3 times! Hooyah best and worst decision of my life!
Those highs were crazy high, and those lows were crazy low. I can't even imagine what my life would be like if I hadn't done it, though.
Thank you for your service, T-Higgs!
Well said, sir! Happy Memorial Day.
Happy Memorial Day!
Where can we find the spreadsheet?
Sorry for the delay in responding I did not even consider that someone might want the spreadsheet. Here is a link to get it. Thanks for watching! talkhiggins.ck.page/a50baa7379
OMG THIS WAS AMAZING.THANK YOU.
If I help one person, I have done my job.
nice vid T-higgs
This is the video I wish someone had shown me years ago. No one ever spells out exactly what investments are available with accredited investor status and the amazing returns that they can produce. This video is one of my favorites!
Thanks for the video
Why didnt the listing agent do buyers closing worksheet ahead of time?
I'm sure they did, but you get bombarded with so many documents when you sell a house that they probably didn't analyze them that closely. They also dropped the price multiple times, so it's possible they didn't realize they had gone so low that they needed to bring money.
We are coming for your short term rentals. Sell while you still can. We will have them banned in every city.
Every city will have some kind of legislation on the books for sure. Outright bans everywhere will be settled in the Supreme courts eventually.
This video actually took months to complete. My wife and I actually tried two of the four methods I discuss in this video, during our search for our primary residence here in TX. If this video inspired you to get off the sidelines and take action on your house hunt please share it in the comments. 💪🏾Thanks for watching!
Thanks for watching! What was your favorite free idea from the video or what is one that you thought was missing?
With Bidenomics making things worse in the USA it makes perfect sense to leave the USA and live a minimalist lifestyle.😊
"Simplicity is the ultimate sophistication." - Leonardo da Vinci
We are just getting started, I am really excited about my future content. Subscribe and join me!
song name?
Tower of Gower by Sam Barsh
@@talkhiggins thanks
Knowing your market options and what you are interested in is the first step in your real estate journey.
U need a professional CZcams thumbnails designer and video SEO expert?
No, I got it covered.
@@talkhiggins how can i connect with you
Book recommendations for cycle theory (if you subscribe to those ideas)?
I would be lying if I said I had one off the top of my head. I always like the "Little Book of ..." series. I started with the "Little Book of Valuations: How to Value a Company" book and I have been hooked ever since. Their stuff is more stock market focused and not really as applicable to real estate. They have one, on Stock Market Cycles but I have not read it personally. Hopefully that helps.
The 5th option is to rent by the room. Renting by the room can greatly increase the potential income from a property. This can be done with the help of websites like Padsplit or you can try to set it up on your own. I personally have never really considered this strategy because of the type properties I have in my current portfolio, but if you have a home with a ton of rooms and a favorable layout to add in a couple more bedrooms and bathrooms it could work. The drawbacks are more vacancies, more phone calls dealing with people drama, and you can't individually meter each room so you will need to pick up the utility costs. Leave a comment if you got something from this video or if there is something you want me to cover in the future. Thanks!
GOOD CONTENT
Just trying to add value.
Dear, I am a CZcams expert. I have sent you an email. Please check that.
Great info for someone who is looking into Airbnb and rentals! Also, love the video cuts and memes you use in your videos, I sense the inner Submariner coming out!
Yeah my sense of humor is definitely heavily skewed by my time in the Navy.🤣
What are your thoughts on bond index funds in terms of reducing risk/volatility especially for those who are 10 years or less away from retirement? I'm also curious what your thoughts are on adding in an international index fund (for similar reasons), as well as investing in a small cap/Russell 2000 index fund.
For me the risk reward is not there for the Russell 2000 and International. You can see that in the Sharpe & Sortino ratios of thoses funds compared to Nasdaq and S&P 500. For bonds you are really just trying to lower the beta of your overall portfolio so you have less market correlation. But the returns have not been very good over the last decade for bond funds. So my personal preference to lower the beta of my overall portfolio is to just invest outside of the stock market in real estate or businesses. That advice is not necessarily advice you would hear from a finacial advisor though 🤷🏿♂️
You mention some of my favorite things in this video, DCA and pay yourself first! Good job. “Time in the market is better than timing the market” -Peter Lynch
Patience is Profit every time. The slow steady approach is always best.
Great Video 👍 I watched the video. Your CZcams video is good but there are some problems in the video. You need to be fixed then your video will be exposed to millions of people. need SEO
SEO is something I am working on. Just switched from Tubebuddy to VidIQ, so I guess I'll see.
keyword recharged @@talkhiggins
⭐ 'promosm'
I will be releasing content weekly focused on real estate and personal finance, please subscribe so you don't miss any updates. Cheers! 🍷
Thanks for the tip
Just sharing what I had to learn the hard way.
Smart move dude.😊.