How They Keep Us Poor
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- čas přidán 14. 06. 2024
- In this video, we're going to talk about how the system keeps the majority of the population poor. We'll go over some tips on how to invest in assets and avoid liabilities to get out of poverty. By following these simple steps, you'll be on your way to a better financial future.
“Ten-thousand-foot view, how do they keep us poor? The answer is simple, they screw up our minds.” 2:00
While there is no global conspiracy taking place and no one person is being targeted in particular, there are factors at play that you need to mind.
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The main issue is that the world has become a very complex place, and many of us have become complacent. We run around in circles all day, and we don’t really know what’s going on or why things are happening. We just keep trying to make ends meet until we pass out from exhaustion at night.
Taxation, statutes, capitalism, and so much more are all contributing to the issue.
If you're curious about the reasons why so many people are struggling to get by, this is the video for you.
Show Notes:
0:00 Into
2:01 How They Keep Us Poor
7:27 Liabilities Should Be Avoided
11:42 Three Types of Income
16:51 Investing In More Assets
21:28 Put Your Money to Work
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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In 23 minutes you've communicated more finanacial knowledge than what is taught in 12+ years of school. Thank you for this.
I've seen about a dozen of these "how they keep you poor" videos on youtube and yours is by far the most precise and detailed beneath the surface information.
I’ve been in the stock market and real estate for years and have worked a job all my life. Plainly this is the simple truth. Excellent video!
As a retail investor who very vividly remembers all of the MSM rhetoric regarding the COVID crash (I was fully tuned in to Cramer and CNBC, Yahoo, Fox Business, and the like), what I took from that was buying anytime in 2020 was going to be like throwing money into an incinerator. Even in the context of a record "Fed Put". I didn't know what I didn't know, and didn't realize these talking heads really just had no interest in collective well-being and progress. The result was me not buying into conditions that lead to one of the most historic bull runs. Fool me once. I, and my future self thank you deeply for sharing this information.
😮DAMNN DID NOT KNOW I COULD BORROW FROM MY STOCKS.. DO YOU HAVE A VIDEO ON HOW
Becoming financially literate is key. Its not taught in school but there's tons of opportunities to learn. I suggest rich Dad poor dad, Robert Kiyosaki. Btw, there's audio on CZcams. Also, libraries have free books if you can't buy it. Reset your habits . mindset.
Toby, I prayed for you and your family today. You are awesome. Your content is so solid. I’m watching and sharing many videos weekly.
I appreciate that 👍
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Attend our FREE Infinity Investing Workshop 👉 inf.link/1c0
When watching your first video, which was about keeping your name out of the public, I have had a good feeling about your person. I had the feeling, that you are really personally interested and invested in opening up people's minds to their possibilities. And with this video, where you are simply saying how things are, it confirmed to me, why I perceived you as a sympathetic person.
And I am glad, that I have stumbled across your channel. Because your expertise in your fields - and maybe even more important - your ability, to explain such things in a straight forward and understandable way for a wider audience, are really making a difference. To me personally as well, of course, but you are making a difference on a grander scale.
I am wishing you a prosperous, fulfilled life and many deserved blessings for your service to humanity.
Thank you.
Thank you kindly:-)
Thanks Tobi for saying what isn’t taught through our education system. It’s a long held belief of mine.
One important point missing from your text…”learn how to buy smart and sell smart…”
I’m on the markets daily and I’ll tell you that we love fresh meat in the arena.
Learning how to trade is paramount.
I enjoyed the whole video brother and agree 1000% with everything you said.. they want us to be slaves to debt ! No Way Buy ASSETS INSTEAD!!!!
Maybe a more accurate title is " how we keep ourselves poor " ?
I'm sorry, could you please repeat what did you say in 10:28 after "if you buy the right ones, dividends" I'm referring to the selling part what was that?. Thanks in advance 🙏🏻
Very good advise, with basic and good moral principles. Learnt and enjoyed your delivery of expertise and down to earth approach. You are helping the average people, who are the target of the manipulators. Blessings.
No body says you can only do one thing… it’s about 1 thing at a time. You can become knowledgeable in many things… just not all at the same time.
Where can I learn everything I can about Tax Liens? I have been taking some programs but I don't feel they really taught the details on how to do it. I don't want to pay 10K to learn the fine details.
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
PRECIOUS podcast
Excellent spot-on informative, educational, extremely valuable real life financial mentoring . it can't get better. Thank you Toby !! keep up the amazing work
Thanks for listening 👍
The stock option wheel...
1. BTO cash secured Put option
2A. Roll it down, later, or both if you are bearish.
2B. Let it ride if you wish to aquire stock at the strike price.
2C. STC at target profit, eg 30%
3. If assignment, STO cover calls.
Thank you keep the information coming extremely valuable
I enjoy the way you explain things and break them down
Great information... to bad not everyone will understand
1. Dividend Aristocrats
2. REITs
3. BTC as savings account (IMHO)
*Remember, invest what you can ONLY afford to lose*
Thanks for always explaining things in a way that's easy to understand
Thank you. After having been a bit wiped out by being dragged into someone else's drama, compiled by a brain injury that made me have to relearn a lot of things - I forgot about this. (Although I did just carve out a month to review stocks and reteach myself that- so I'm making progress.) This video - so helpful to have a summary to remind me why I was doing what I was doing before that - and then learn from the mistakes, now that I have a better path forward. I've actually had entities for a number of years as I moved states and knew that was step 1 to doing things differently, but then I had no idea how to use them - and attorneys and accountant weren't really explaining. You and Clint's channels have been so helpful! Looking forward to my strategy session and Saturday training day so I can learn even more. And then excited to once again have a path forward so that the past does not repeat.
Is thare a good group of dividend paying stocks that I can buy weekly
Phenomenal content!!
Hi Toby. Can you tell about depreciation of property in details, with calculation. In what time after byuing a property can you apply to the bank to depreciate it and what is the procedure?
I would love to hear your commentary when we encounter the next Great Recession. With the recent Bank Melt downs, those scenario's might not be in the far distance. I barely made it through the 2008 Great Recession where all my tenants left me. Most tenants are in survival mode and don't care about wealth accumulation.
I enjoy your content thanks
Your a sharp dude. I’m listening!!!
He's teaching you something called capitalism that we should have all learned in school but thanks for the liberal Democrat teachers and school boards, they are the ones truly responsible for not getting you to learn this and staying poor.
Amazing info! I’ve been told in todays environment that we should hold our stock certificates personally. Just incase the holding company fails. Would you concur and do you know if covered calls could be written on certificates held personally? Thank you again for all you do.
Yes. Hold the stock certificate in your name. They used to not cost anything, but now, certificates may cost $300 or more. The disadvantage is if you lose that certificate, you lost the stock. Keep in secure place.
Can you explain the stock calls?
Can you please do a video on protecting your assets or life insurance options for different age groups
We will certainly consider it, thank you for the suggestion.
EXCELLENT video Brother!
This is great advice! Thanks for weaving in so many great ideas.
how do I protect my house and how do I put my house in a Trust? I have been seeing a lot about TaxLien theft. I want to not worry about this.
Hi Valerie! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Great video.
Read Book "The Creature from Jekyll Island." by G. W. Griffin
@user-yd1yh5cs7l i do not use zuckenjerk's Facebook or whatsapp at all; no social media except sparingly youtube.
Great vid. Something that "appreciates" is also an asset or only what produces income? Wish you was my accountant!
Thank you for your kind words! If you have questions about assets that appreciate or produce income, or if you're seeking guidance on optimizing your financial strategy, consider scheduling a free strategy session. Visit: aba.link/iwh
Great video, thank you Toby.
Thank you for opening our eyes. Hopefully, young people listen and act accordingly.
Love your videos - thanks for sharing great information
Love this information. Thank you so much!
I really enjoy your videos. Im learning a lot. Thank you for all you do!!
Glad to hear it! I am glad that you find it helpful. Thank you for watching!
Really great video. I’ve especially been enjoying your videos where you touch on owning dividend stocks and selling covered calls. I’m 100% in RE and would love to learn how to turn my equity into a nice NOBL portfolio and then use stock secured loans…
Look up Act of 1871-United States of America as Republic was converted into UNITED STATES OF AMERICA, INC out of Delaware.
Do you have any advice for a college student wanting to become financially literate and ways to make are little money work for us?
Hi Gabe! Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
Thank you for more great content.
Great breakdown and info! Thanks Toby!
🎯
I wish they teach people this in school. Now 54 going to some stock thank you Love your channel Your A great Teacher
Thanks for watching!
Thanks Toby
thank you...your videos are so helpful,you make it all make sense.
Cash Secured Put (CSP) = discounted stock or money in the bank.
Thank you sir. I was already thinking along these lines but it's good to hear someone else say it.
Glad to hear it! Thank you for watching!
Great video, thanks!
man I LOOOOOOOOVE your videos. Truly and sincerely THANK YOU! I am sharing this ALL AROUND to my circle!
Thanks for sharing!!
Fantastic video - thank you!
Love your channel
What’s your thoughts on starting out with a cheaper condo? Other advice says go 2 doors minimum.
I'd like to get perspective on that question too We have a condo rental and I'd rather buy and rent out another condo rather than a house.
Buy the condo rent it out and live in a cheap trailer In a park.
@@eugenefernandez6532 Heck, dude. I was talking to a multi-millionaire a few months ago. Dude told me he bought a house while in college and lived in the garage while leasing the rooms. We all gotta get started somehow.
Bill Ackman made bank on Hilton
Thank you so much! 🙏🏼
These are the things that should be taught in high school
Which is exactly what they don’t want to teach… they want the next generations to be stupid and ignorant on how to be wealthy…. The deeper reason for this is they don’t want competition…. “They” ladies and gentlemen want actually worse for you… it’s not a conspiracy. Their desire is for you to die off. So… with that said it’s time for you to all wake up.
All high schools are woke now.
Never gonna happen. But it is already taught at elite schools where the wealthy send their children.
Our school forced us to fake a financial class for graduation and I get the point of it but holy 💩 was it outdated and mostly irrelevant like yes there was some actual advice in there but they don't tell you stuff like this they set it up like if your supposed to get liabilities and do this and that.
It's like if schools made this way are only meant to make cattle. I've said this to my friends many times how we walk the same paths to each class the same way every single day. Even the way we get food feels like a prison style and like cows lining up to be slaughtered.
Why would a government teach you how to get out of paying a government?
So valuable.. thankyou! Also Hi from New Zealand :)
Hello there!
You are awesome
Thank you!
Love ur liquor selection 😉
Good eye:-) Clint stole my bottle of Pappy.
I wish I just knew how to get started.
❤️💗💓 Love this Guy they the truth so much information thanks 🙏🏾 Toby
I just now found you. Great content! New sub here!
Thanks and welcome to the channel!
Thanks Toby great stuff 😊
Glad you enjoyed it, thank you for watching!
It’s funny that so many people on you tube keep saying ‘I don’t buy, I rent’ Or that ‘debt is good’. Or ‘passive income doesn’t exist’. And they are confusing the young. Thanks for saying the truth and giving us real financial advice.
Thank you so much for your support.
This is GOLD!
There is not a global conspiracy....proceeds to describe in detail the global conspiracy 👍👍👍
I didn't get thrown in jail. I passed GO!
Toby, you helped us realize that's not a win!
House hack, get a duplex, get a triplex. This is the way out of the system. If most of your active income goes to paying rent or a mortgage and you can find a way to eliminate that then you just saved a LOT of your time!
You just described a conspiracy
What my father did not teach me (unfortunately). You shouted this to me. I should be so dumb not to understand yet. Thank you sir.
Thank you. Now the trick is convincing the whole family to have the same mind for these things
Read the book Rich Dad Poor Dad by Robert Kyosaki. The book will expand further on what Toby is saying.
I’m a big fan Toby, your videos are pure gold. thank you for the video and keep up the good work.
Thanks, will do! 👍
The best online money teacher ever.
Thank you very much for priceless content.
Thank you! 😃
Thank you, this gives me hope.
I'm so glad! Thank you for watching!
Just Realstate money right??
I'm African American thanks for laying down straight
Great job 👍🏻👍🏻👍🏻
Thanks 👍
Wow I love this content. Can't get enough.🎉
I'm glad you're enjoying the content.
What if there's not 25% left?
Scott Adams calls what you are describing as a skill stack.
I want to know how I become a small lender
I have a video about this subject coming up. Subscribe to the channel to ensure you don't miss it.
My girlfriend made $20,000, I've been mostly out of work.
Must be the oldest profession lol 😂
Thank you so much Toby is just incredible
Thank you for your kind words!
But you atleast get you out or harship
Margin interest is tax deductible… just like a mortgage
Great video. I need a good tax man for my rentals. Someone who knows the game and not just a CPA
I like the way George Carlin explains it.
Wait - we aren't in the club? Lol. Miss him.
My children thank you. We learned the wrong way the hard way. Thank you for this truth
Mentor me sir 🙏
We offer free workshops if you are interested. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
@Toby Mathis Esq | Tax Planning & Asset Protection thank you definately will check it out
Someone has memorized Robert Kiyosaki... Assets and liabilities seminar.
I like Kiyosaki - we taught the Rich Dad tax and asset protection course for close to 20 years:-) But where did Robert get it from? This stuff has been around for a long long time. Does not make it less true.
Cough... cough... Michael Burry
The market really is going to crash this year though. Underlying macroeconomic data is coming in weaker and weaker
Let me give you an example of covered calls gone bad...you have a stock worth $50. 10,000 shares. Worth $500,000. You write covered calls for say $1. You keep the 10 grand. Now the stock corrects to $40. You just lost $100,000. Sure you get to keep the $10,000..but ouch😮😮😮
Always love the content, and the new information. Thanks for sharing.
Much appreciated! Thank you for watching our content.
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