How Ignoring This Advice Cost Me $1 Billion in My 30s

Ken McElroy talks about money and how it flows from Main Street to Wall Street and how it cost him billions over his career. He discusses how understanding the cash flow quadrant and the banking system's inner workings can transform your financial outlook, bypassing conventional advice and directly investing in wealth-generating assets.

Ken has a real estate strategies podcast! Follow your favorite platform each week.

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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.


Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.

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Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’

Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.

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[KenMcElroy]

If you appreciate the effort we're putting into these videos and want to support the channel, share this with someone you think would benefit! It would really mean a lot.
Thank you.

[ChristopherAbelman]

I started investing in dividends with my taxable account. I used the buy and hold strategy in my Roth, adding some Berkshire B stock, SCHD, and an S&P 500 and total market exchange-traded fund.

[CliveBirse]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[HarryBishopm]

i dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5 % and people are predicting a crash .

[iamchrisjans]

I teach this to my kids. Incorporated into their math to create charts based on each type. They are shocked that anyone would want to stay an employee. They're in grades 1 and 4. It's simple stuff if you can bring it into your understanding. Keep doing that to grow your understanding bubble and you'll be unstoppable, especially with direct info from the masters where it used to be you'd have to travel, work for free, a whole lot of work just to apprentice under people like this just to have the opportunity of getting this info.

[JefferyDuns]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.

[BibleClassPro-]

I subscribed as a way to say ; you are qualified to be on my team . thanks for the advice

[flaviojr]

Amazing video, I'd like to add that it's not just about a middlemen, it's about trust and guarantees. The world is full of scammers. Banks do SOME due diligence to ensure the soundness of these investments.

[BriansWealthJourney]

I also ignored advice that would have made me a millionaire back in 2017. This actually happened to me twice. Now I'm finally more alert than back then, and am on track to becoming a millionaire by the end of 2025.

[Rpc]

I hope Ken keeps his integrity high. Everyone else gives a BS teaser and not enough info to act on. Then redirect to a paid course.

[playlists]

your the man Ken! Thanks for all the info you give out consistently.

[voiceactor]

Thank you @kenMcElroy - I started to come to these realizations in my early 30s but was missing a lot of pieces and you have provided those missing pieces. May you be infinitely rewarded for your genuinely sharing your knowledge and wisdom.

[Raymondjohn]

This is quite educational. It's crucial for newcomers to keep in mind that the financial markets are highly irrational in the short run. You should constantly be ready for the unexpected. That is how chance operates. Because of the inherent risks in the market, I always favor long-term investments.

[JjBlack-gzzv]

It's simply incredible that you would share this information...mindboggling...

[leadgenjay]

Ken's insights on the cash flow quadrant are spot on. Entrepreneurs should also consider leveraging credit lines strategically for investments, as they can be a powerful tool when used wisely to amplify growth, especially in real estate. Just remember to balance risk and have a solid exit strategy.

[JokerFace]

Clickbait title and shorter videos, someone is finally learning ❤

[matthewmitchell]

This is some sound money ideas! I quit working for the Union once I realized that pension was a joke and annuities were not that great!

[_CowboyColin]

Thank you for breaking this down so simple.

Love what you’re doing Ken

[LuKiSCraft]

2:33 "The money starts at main street. All of it." Exactly. If only Reagan understood this. I like his quote that you referenced though lol

[allanlynch]

Thanks for teaching Ken. You explain things very well in an easy to understand way. 👍🏻