If It Doesn’t Pay You, Then It’s Not An Asset
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 29 July 2023
⏱️ 10 minutes
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Summary
Are you living The Wealthy Way? Take my free quiz with the link below and get FREE access to my course the “Wealth Builder Academy” where I go over all the fundamentals of building wealth in all areas of life.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | If it doesn't pay you, then it's not an asset. |
| 0:02.8 | Your house is not an asset. |
| 0:05.2 | A house is one of the dumbest, worse investments |
| 0:08.2 | a human being could possibly make for one reason. |
| 0:10.3 | You have to pay the house, the house doesn't pay you. |
| 0:12.4 | And if it doesn't pay you, it's not a good investment. |
| 0:14.5 | This is the whole premise on why Grant Cardone |
| 0:16.8 | and many others don't think your personal home is an asset. |
| 0:20.3 | Assets are things that make you money. |
| 0:22.0 | Liabilities are things that don't make you money, |
| 0:24.4 | but you have to pay. |
| 0:25.4 | And when you think about it, it's a simple concept. |
| 0:27.5 | Just buy things that make you money |
| 0:29.3 | and rent things that don't. |
| 0:30.8 | But why is it that people like me |
| 0:32.8 | and other financially savvy people still buy a personal home? |
| 0:36.3 | In this video, I'm going to explain why I disagree |
| 0:38.6 | with him on this one. |
| 0:39.6 | But in order to be objective, |
| 0:41.0 | I'm going to present both sides of the case |
| 0:43.0 | and let you make the choice. |
| 0:44.4 | So we know the general definition |
... |
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