Why I Just Lost $4,000,000

The YouTube Creator Academy:

My ENTIRE Camera and Recording Equipment:

[reeceboat]

Inflation hitting fresh high has resulted to decline in bank earnings, I'm desperate to grow my reserve of $400k as am fast approaching retirement.please tell us how to use this recession to make gains! During the last recession in 2007 I found a clever way to grow my portfolio, but the market is different now.

[BiesingerFIREJourney]

Love this video!! We tend to fall between the two categories by paying off certain debt ASAP like student and car loans but keeping certain debt such as Real Estate. “If holding onto debt doesn’t make you money, always avoid it” - love your quote Graham!

[ThirtyVirus]

before watching the video, if I know Graham:
"I took out a bunch of loans because rates are so good and am making a bunch of money long term because of it"

[mountainman]

I stopped going into debt over 20 years ago. I don't take out loans. I don't use credit cards. I don't even have a bank account. Only an online one that I use for certain things. I ALWAYS pay cash for EVERYTHING. New car, cash. My house I built with my own two hands, debt free. I purchased 15 acres in TN, CASH. Everything I do is 100 percent debt free. Edit : I also retired just before I turned 40. I was able to retire because I didn't spend my money on things I didn't need, and because I wasn't in debt to anyone for anything.

[Real.Estate.Report]

The key is to use debt to buy assets, NOT to buy liabilities!

[nickm]

I like the principle of using debt for things that appreciate.. But the explanation of how risk changes with interest rate was good. Of course your cash flow is important. When you have tens of thousands coming in, it’s a bit easier than a more average income. Good stuff Graham!

[pjones]

I appreciate the equal-time and pro/con approach, you give, Graham. Absolutist approaches, either way, miss out! I’ve benefited from Dave’s approach tenets and from your ideas, both. Thanks for the content!

[zip]

As a college student, i try not to take loans. At first look, its a small number, but when u see the following pages on the qoutes, it says if u pay the monthly payment which is reallysmall to bait you. It also says yyou willhave payed more than double sometimes triple once its done(10/15 year plan)... if you didnt miss a payment.

[DGBAntho]

"If buying something will not make you more money avoid buying it unless you can buy it outright"

[whatbenanimated]

Love your videos Graham! You inspire me!!

[matthewbutner]

Hey, Grant how long have you been using true bill for? What did you use before you switched to it?

[annella]

Es extraño cómo la gente habla de las ganancias que ha estado obteniendo en el comercio de Bitcoin, mientras que aquí tengo grandes pérdidas. Por favor, ¿alguien puede guiarme por el camino correcto o al menos aconsejarme sobre qué hacer?

[jonathanchao]

Thanks for the content. Hopefully I can follow your footsteps.

[reachtrita]

Thanks. This has been helpful! You’ve answered many of my questions! I’m still curious with my situation, though. I wish I could ask you!

[Kelby]

Thanks for telling me about the like button shooting out confetti. Now I can give meet Kevin some confetti 😂😂😂

[agustina.]

I'd be interested in buying some Bankroll Coffee merch. Just putting that out there.

[kingpl]

Graham, love your videos and watch each day for valuable information. I do have a question and recommendation for a video. Either before or after purchasing a home do you purchase it under an LLC? I see a mix of benefits and downfalls with it. Especially myself, I have two properties under a VA Loan and have been researching about either putting them under an LLC or just do it with my next purchase. Wanted to see if you purchase under LLCs and is it worth it to avoid the risk with owning rental properties.

Any info/insight on this topic would be appreciated! Thanks!

[Kasukke]

This was a great video! Sharing with all my friends who are looking into their 1st mortgage.

[mattwood]

Great video as always

Think it should be said, $4m is probably pretty conservative for somebody in your financial position. If I was in $4m in debt, even with collateral backing it up like real estate, I would be neck deep in debt and taking massive risk. But for you, probably not so much.

Love how you're talking about opportunity cost. Not something you see people on YT talk about much

[MichelleMarki]

You have to know what type of person you are, can you handle debt or do you know how to use leverage to your advantage?