23 thoughts on “Investment Analyst Reacts to Finance TikToks – Part 7”
Quick Correction: in the first tax TikTok, I mention needing to be incorporated to deduct expenses. This was a mistake – I meant to say you generally need to be self-employed, which doesn't require incorporating (you can deduct expenses as a sole proprietor). Apologies for the slip up.
what real estate are you buying at age 14 that can a: be affordable at $300 a month because any piece of property is going to cost in the several thousands if not low teens of thousands of dollars (and the amount only goes up for properties that could actually feasibly make money.) b: make you money, if you buy a plot of land for $9000 it doesn't just magically generate money, you would need to rent it to someone, which means you need land with something someone would rent on it which increases the cost even more and calls into question whether a child can legally enter into a landlord tenant relationship with an adult given that such a relationship has a lot of legal burden on the part of the landlord c: you will be paying property taxes on your new piece of real estate, back to the "real estate is not a free money machine" you have to pay to own real estate, so until you have a tenant for this theoretical affordable patch of land that someone actually wants to rent, it is costing you money every month. BONUS: grant cardone revealing just how much of a spoiled little brat he was (is) because he was apparently receiving an allowance of $300 a month before his little side hustle claim because he sees 300/month as a normal amount for teenagers to be given by their parents
How cheap is real estate where this guy is from? Wonder what real estate a kid can buy with say 1-2k dollars 😅 Maybe if you buy 10cm2, put a flagpole on it, and rent out for advertising? Or even better – buy 100m2 of useless land using parents' money (they have it, if they can afford 300$ pocket money), divide in 10cm2 patches, sell to other teenage hustlers at a great premium 🤔 Oh wow this guy totally makes sense!
10:35 the only thing you should judge someone on is the content of their character! 😂 Love your videos, I've watched this one before but it came up again so I'm watching it again. You're entertaining!!
Anybody taking investing seriously inbreds it into their daily routine and honestly looses sleep over it. My wife is doing crypto and it's a full time job looking at news that affects your investments, and more importantly, getting ahead of the curve and learning to predict
My mom is a tax partner for a large accounting firm and one of the wildest tax deductions that a client tried to claim as far as "yeah that's not how it works" was a client who had tried to deduct takeout food for their family because it "freed up time for me to work more so that makes it a business expense". Like what?
If you want to grt rich forget the small guys like jp morgan and vangard. Im talking US government who moves billions every hour! (Immediately goes bankrupt)
That 4mil girl made some good points but its hilarious how she claims that she grew a portfolio to 4mil, is seemingly a fantastic trader, hides a lot of details, ans still needs your money to sell ypu a course??? Like its so obvious lmao if u have 4mil you dont need this
Quick Correction: in the first tax TikTok, I mention needing to be incorporated to deduct expenses. This was a mistake – I meant to say you generally need to be self-employed, which doesn't require incorporating (you can deduct expenses as a sole proprietor). Apologies for the slip up.
If you take money advice from TikTok you deserve to lose your money.
There are no shortcuts to a place that is worth going to.
The more I learn the more I realize 85% of it be useless but the occasional 15% of useful info I do come across can really boost my life.
what real estate are you buying at age 14 that can
a: be affordable at $300 a month because any piece of property is going to cost in the several thousands if not low teens of thousands of dollars (and the amount only goes up for properties that could actually feasibly make money.)
b: make you money, if you buy a plot of land for $9000 it doesn't just magically generate money, you would need to rent it to someone, which means you need land with something someone would rent on it which increases the cost even more and calls into question whether a child can legally enter into a landlord tenant relationship with an adult given that such a relationship has a lot of legal burden on the part of the landlord
c: you will be paying property taxes on your new piece of real estate, back to the "real estate is not a free money machine" you have to pay to own real estate, so until you have a tenant for this theoretical affordable patch of land that someone actually wants to rent, it is costing you money every month.
BONUS: grant cardone revealing just how much of a spoiled little brat he was (is) because he was apparently receiving an allowance of $300 a month before his little side hustle claim because he sees 300/month as a normal amount for teenagers to be given by their parents
Is Roots a legitimate investment?
Grant has a typical grifter facial expresssion😂
vanguard has a precious metal etf thsy actually jas done like 9% on avg on the past decade
Grant Cardone and Brian Rose together? Hide your wallets, everyone.
How cheap is real estate where this guy is from? Wonder what real estate a kid can buy with say 1-2k dollars 😅 Maybe if you buy 10cm2, put a flagpole on it, and rent out for advertising? Or even better – buy 100m2 of useless land using parents' money (they have it, if they can afford 300$ pocket money), divide in 10cm2 patches, sell to other teenage hustlers at a great premium 🤔 Oh wow this guy totally makes sense!
chatgpt is better than any gurus, just ask chatgpt the right questions
Highly recommend listening to the If Books Could Kill episode about Rich Dad Poor Dad. Then this silver turn won’t be a surprise.
Grant cardone a scammer.
Grant Cardone is my favorite comedian
10:35 the only thing you should judge someone on is the content of their character! 😂 Love your videos, I've watched this one before but it came up again so I'm watching it again. You're entertaining!!
While you were buying ETFs, I was studying the black money
Anybody taking investing seriously inbreds it into their daily routine and honestly looses sleep over it. My wife is doing crypto and it's a full time job looking at news that affects your investments, and more importantly, getting ahead of the curve and learning to predict
300 dollars a month for allowance? I'd be lucky to have gotten 300 dollars allowance the entire time I got allowance as a kid xD
My mom is a tax partner for a large accounting firm and one of the wildest tax deductions that a client tried to claim as far as "yeah that's not how it works" was a client who had tried to deduct takeout food for their family because it "freed up time for me to work more so that makes it a business expense". Like what?
If you want to grt rich forget the small guys like jp morgan and vangard. Im talking US government who moves billions every hour! (Immediately goes bankrupt)
That 4mil girl made some good points but its hilarious how she claims that she grew a portfolio to 4mil, is seemingly a fantastic trader, hides a lot of details, ans still needs your money to sell ypu a course??? Like its so obvious lmao if u have 4mil you dont need this
16:29 not sure I agree with that. Grant hasn’t developed any social skills and he seems to be doing just fine
I too use a deck of cards to decide what stocks to buy. I drew a hand of exodia so clearly I buy the biggest company because I win.