How To Create Wealth With None of Your Own Money
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The speaker argues that not everyone has the luxury of saving a hundred dollars a month for 40 years to secure their financial future. Instead, they propose a way to acquire 1.2 million dollars and over $4,000 in monthly cash flow without using any of your own money. This method involves buying a rental property worth $250,000 with a $200,000 mortgage, leaving $50,000 in equity and $170 in monthly cash flow. Over a 40-year period, with conservative appreciation, the property's value will increase to 1.2 million dollars, and the monthly cash flow will increase to over $4,300. The speaker suggests that repeating this process ten times would result in $12 million in equity and over $40,000 in monthly cash flow.
The speaker argues that not everyone has the luxury of saving a hundred dollars a month for 40 years