How Much Money is There in The World 2018?
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How To Make $10k/month - Duration: 7:55.
I was surfing on the net and came across Quora with some really great real estate
questions and someone was out there saying, "if I want to make $10,000 a month
residually, how much money do I need ?How much real estate do I need to do? So
today, on Limitless Wealth TV, I'm going to be answering that question.
Alright, so today's video is based on a question that comes straight from quora.
I really connected with it because frankly, it was the first real question
that I asked myself in real estate. The question reads, "if I want to make $10,000
a month from rental properties, how much would be my investment?" So the way I look
at that is how much money would I really need and how much real estate would I
really need to buy if I wanted to produce $10,000 a month residually? So my
wife and I when we were totally dirt poor and we scraped everything together
to buy this first property, it was like it was worth like $140- 150,000.
I bought it for a $110,000. So it had like this
$40,000 equity position. Before we even found it, it took us like
14 months to save up $5,000. It's like a baby down payment to be able to even do
this right? because you can get away with 3% down payments on homes when you're
first-time homebuyer- purchaser. So my wife and I, we spent 14 months building
up we bought this house and after we did, we would rent out the basement. It would
pay our mortgage almost entirely and all of a sudden our biggest expense was gone.
We were living for free which meant that we could start climbing out of credit
card debt, we can start paying things off and I remember that's when my wife and I
had to sit down and said, "alright, how much real estate do we need to do to get
to $10,000 a month? So I really want to say can I quit this question? It's
because I not only asked it, the answer them about to give you I lived and then
four and a half years later, I had more than $10,000 a month residual income and
and it worked. And the exact same thing that I did then is the same exact same
thing that works today. In fact I love showing people how to do it so I'll give
you a little bit of a taste for it here and then seriously, if you're new to the
channel you need to subscribe, so that I can share with you way more of the
details of how did I do it, what were my strategies, you can find it all here.
So question, if I want $10,000 a month a residual income, one of
the questions is, how much real estate do I need to do? and the other one is, how
much money is it going to actually take for me to get there?
You know I give you two totally opposite answers today. I did not have money, so
what I actually started doing my real estate that tiny
down payment I put into that house, essentially I took a what I'm gonna call
a sweat equity path. Now, sweat equity path means that the first house that I
bought yet had $40,000 of equity and that was important because all I put
down was five grand but by buying five grand,
I got 40,000 of equity. Now, some of you're watching this like, wait Kris
already lost me. What's 40,000 of equity?" Real Quick. That means that this house
had a value of a $150,000 and Ipurchased it
for a $110,000. So if you take 150 thousand and subtract
100 and 10,000, you get 40,000. So even though it wasn't like
$40,000 cash in the bank, it didn't mean that if I sold the house today and sold
it for that, I would get roughly 40 grand. That was important because all I put him
is five grand and when it came time to buy my next house, I didn't have to come
up with money again to do it. I actually accessed some of it's equity with
what's called a home equity line of credit. That's what your bank basically
says, "hey do you have some equity in your home? If you have enough, will even give
you checkbook access and you could actually literally write money out of
your mortgage. It will increase your mortgage but you can go buy stuff with
it." Well, I took that money and guess what I bought? I bought another house and this
house had even more equity in it but this house bought it. So even with two
homes, I was still only five grand in. So I want you to know that if I kept doing
this and four and a half years later, I had well over $10,000 a month residual
income. How much real estate? I had twenty five properties and those properties
were averaging between 350 and 700 dollars a month so 25 properties were
actually I think paying about $12,000 a month. This is kind of what's a little
unbelievable. How much money I needed to do it? Literally, it was less than ten
thousand dollars. Now I call it as sweat equity path because I'm about to give
you a second answer. My sweat equity path essentially meant that I let this house
buy this house and then I waited and I let this house buy that house and then I
moved again with a tiny down payment used this equity to buy that one. And as
it grow and then I brought in partners and they put up the down payments. I got
into twenty five properties. I was collecting $12,000 a month personally,
that's when I made when I hit my goal. I quit my job. That'll happen in four and a
half years. I was 26 years old when that happened. So that's how little it can
take, but if you had someone that just said, "Kris, I don't want this what equity
path. I want to do it way quicker than that." Today, I know how to buy 25
properties in like six months using other people's money. And if you haven't
been over to my website to learn about partner profits, I actually share with
you exactly how I did that and so I could actually duplicate this over again
just like that. It would be really easy because it's the knowledge that you
possess that's most important. But I'll even give you a third way. You might have
someone that says, "well Kris, I got money. if I want $10,000 a month
and I just want to drop 20% down payments." Then, going the old-school
old-fashioned way, you would probably need somewhere around a million dollars.
A million dollars in 90 days could create $10,000 a month residual income.
Now ironically 10 grand a month, 12 months in a year, it's a $120,000
a year. You put in a million, you're getting cash-on-cash
120,000 back. You're basically making cash on cash about 12% on
your money. But I didn't have a million dollars, so I did it with ten grand.
So if you're watching this video and you're like, "hey Kris, I would totally
love to have a $10,000 month residual income that I would either say
do you have a million bucks? And if you say, "yes", I'd say, "great!" then hike over to
my website and my team will actually buy you a bunch of homes that will produce
$10,000 a month. If you're saying and "I don't have that." Then
hike over to the website and what I'm going to do there, is click the get
started option and the starter option is me and my team really just sharing with
you how do you do this when you don't have money. Because remember I didn't
have ten grand when I got started out the gate and so if you're looking for
how to use other people's money, OPM, if you're looking for how to make a
little bit of money, go a really long way, you should totally go and check out that
course. Many of our YouTubers have had a chance to engage in that. They're in a
private Facebook community with me now learning and growing and doing real
estate. So that's what I would recommend. So to answer the question $10,000
a month, what do you really need? Well, I think
it's on rental property. You're going to need 25 properties if you're talking
about single-family homes. How much will it take? I've shown you how to do it with
10,000 and you can also do it with a million. Great question and frankly, I
hope the answer is useful for you as well. Listen, if you're not a subscriber,
change that. Lets you and I become friends because guess what? I got a lot
more to share with you when it comes to making a lot of money in real estate. We
got this one life to live. For heaven's sake, let's live a meaningful life and
if it's going to take some financial resource to open up and make those
dreams come true, let me share with you how you can do that through real estate
investing. Check out my website or it's in the description and the link below
and me and my team will show you how you and I can team up and get making some
money in real estate right now.
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How to Drink: Margarita - Duration: 8:59.
- This is How to Drink,
the show about making cocktails, and how to drink them.
I'm Greg, and I have never been a professional bartender.
I've never even had a job in a bar.
I don't worry too much about precision and technique,
because at the end of the day,
if the drink you like is in the glass,
you did it right.
Let's get going.
(joyful, jaunty music)
How to Drink is back.
♪ I'm back in the saddle again ♪
Some things are the same,
some things are a little different.
That's all right, everybody's a little different.
Life moves on, man, whatevs.
Welcome back to the smooth and more filling flavor
of How to Drink for season five.
You're amazing, I feel amazing,
let's make some drinks.
That's enough of an intro, it's boring.
Nobody wants to hear about it.
Let's make a cocktail.
Today we're gonna make a margarita.
Know why we're making a margarita?
We're gonna make a margarita because of Cinco de Mayo.
Not because of Cinco de Mayo,
we're gonna make a margarita in time for Cinco de Mayo.
And I thought about putting on a really offensive costume,
but I realized that that would be really offensive, so no.
I love margaritas, we haven't done one on the show.
I don't know why.
I make mine extremely simple,
I don't mess with orange juice or sugar or anything.
It's just lime
and curacao
and tequila.
It's really stripped down, actually,
when you make it right, I think.
But to do that, I think you should use a better tequila.
I would definitely use a 100% agave reposado tequila.
I like Fortazela.
Oh no, Fortaleza, I like Fortaleza.
You know, but, other tequilas are fine as well.
I just would, you know, middle shelf?
Middle shelf, not bottom shelf, middle shelf.
You don't need like top shelf, but middle shelf.
To do that, I'm gonna need a shaker.
This is a shaken drink.
And I'm going to need a lime.
I'm gonna cut this lime in half.
So, it's one ounce of lime juice, one ounce of lime juice.
(joyful, jaunty music)
(lime juice pours)
We're gonna use one ounce of curacao.
(curacao pours)
(cork squeaks)
Ooh.
Mmmhmm.
And two ounces of tequila.
(tequila pours)
I have saved the hull of the lime that we juiced before,
and just the outside,
I'm going to kind of moisten with lime juice.
Now, why am I doing just the outside?
Because when you rim a glass,
you don't wanna rim the inside of the glass.
You don't wanna add salt to the cocktail liquid,
just to where the outside is.
So, that's well done.
I'm not very good at rimming glasses.
Some of you are probably better at this than I am.
I don't actually make,
I'm not a professional,
and so I make the drinks I make at home,
and I don't actually in my home bar
do much rimmed cocktails.
Nonetheless,
that's the glass we're gonna put this margarita in.
Eh, it's okay.
You can probably do a better job than that.
I'm going to put some ice in my shaker.
Here I'm gonna throw in one cube whole like that,
and then the other one I'm gonna crack.
Why am I gonna do that?
Well,
(smacks)
come on baby.
(ice chips fall)
I'm doing that because Dave Arnold did this really fun study
a number of years ago,
trying to prove that the kind of ice you used didn't matter,
and he proved himself wrong,
and he found out that the best way to set up your shaker
was with one big heavy object
that displaces a lot of liquid,
and around it some, what he calls agitator cubes,
but smaller cubes to provide the dilution.
(liquid pours)
(smacks)
(ice shakes)
(smacks)
Just a quick shake.
And I'm ready to pour.
(joyful, jaunty music)
I'm gonna garnish this with a lime wheel, keep it easy.
(slices)
If you look at this,
you're gonna see that there are cells
and, you know, the natural wedges there,
and then there's a center.
You wanna make sure you cut not quite to the center.
Like that, and that way it'll stand upright,
instead of sinking and falling all the way across.
I made a margarita, I made it.
Let's see how it is.
(sips)
Oh yeah, okay,
ooh yeah.
Mmmm.
I needed this.
This is a hell of a damn drink.
Salted margaritas stumble on something
that people in the cooking world
have known for a number of years,
which is that salt is a flavor enhancer.
Dave Arnold, for example,
advocates for making saline solution,
and he uses saline solution
and salt as an ingredient in a lot of drinks.
This drink is fantastic, the salt is a part of it.
You don't need to salt the rim.
Some people only do a 50/50,
so you have an option on a sip, or they do a lighter salt.
The drink is citrusy and bright and fresh
and you can really taste the tequila still.
A lot of times the margarita recipe involves orange juice,
or simple syrup,
and just a lot of ingredients that shouldn't be necessary
if you're using a quality tequila.
And if you're using a quality tequila,
you should let it come out in front, you know.
History of the margarita is a little bit murky.
David Wondrich holds that it is
a evolution of a tequila daisy
that kind of comes out of a hotel,
I forget the name of off the top of my head,
but that's okay you can tell me in the comments,
from Tijuana during prohibition.
I think he's probably right, I've heard some other stories.
I won't misquote them now,
because I don't have them memorized.
I don't really care.
It's a damn good drink.
I will be enjoying them all summer long,
as we approach the warmer months.
Got a little bit on my mustache there.
I don't know what else to say about a margarita.
You've probably had a margarita.
This is a good margarita, and I like this recipe.
It's very easy, I never forget the recipe.
Two, one, one,
only three ingredients and the salt, and
they're taste phenomenal.
Oh my god, it's good.
What's a good time for a margarita?
Sunset, how about with dinner?
For me, actually, it's like a dinner drink
because some cocktails are like dessert drinks,
some cocktails are before dinner drinks,
some cocktails are day drinking drinks,
breakfast cocktails.
I like a margarita at dinner
because it doesn't conflict with the flavors for me,
'cause it's like a palette cleanser,
kind of like the ginger that goes with sushi.
Oh yeah, I'm being told I was supposed to say beach.
I was supposed to say I like a margarita at the beach.
I don't go to the beach,
I live in an edit suite.
There's no window, only darkness.
Cheers!
So this is How to Drink,
the show about making cocktails and how to drink them,
and it's season five,
so thank you for watching.
And I'm gonna see you guys next week
with another drink on How to Drink.
Oh, by the way, happy, happy Cinco de Mayo.
Hey, who knows the history on that one?
'Cause Cinco de Mayo,
a lot of people think,
a lot of guys think that Cinco de Mayo was when Spain,
no when Mexico got free from Spain, but that's not true.
Cinco de Mayo is when Mexico got free from Napoleon.
That's right, yeah, they got free from France.
It's actually,
I think it's not kind of a big deal in Mexico.
Like Mexican independence day is another day.
I don't know it, but that's when they got free from Spain.
That's a big day.
That's, you know, Napoleon, tiny man, Bonaparte.
You ever read the Aubrey and Maturin novels?
They take place during the Napoleonic wars.
It's about Captain Aubrey and his doctor, Maturin.
They made one of them into a movie,
Master and Commander: The .Far Side of the World
Great movie, it's about sailing.
This is How to Drink,
the show about making cocktails and how to drink them.
It's season five, we're back.
Hey, why don't you check out my Instagram @how2drink
or my twitter, also @how2drink,
or my blog at thisishowtodrink.com
If you want any of the stuff I use on the show,
you can buy it there at thisishowtodrink.com/gear
and when you do that, I get a cut of it and that's nice.
You know, to help me make the show.
There's a Patreon that I have,
and I'm gonna provide a link to.
And you guys are the best, the best fans.
I'm gonna finish this cocktail.
Ah.
(joyful, jaunty music)
You traitorous lime!
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Health Benefits For Banana | How To Use For Better Healthy - Duration: 7:16.
you will shock by knowing side-effects of banana bananas are one among the
world's most widely consumed fruits under chock-full of essential while most
of us eat more bananas than normal have you ever thought about the possible side
effects they could have despite the numerous health benefits they are also
certain side effects associated with eating bananas that you should know
about heart problems one large banana is considerably estimated with 500 to 600
mg of potassium the normal recommended intake of potassium is 1,500 to 2,000 mg
for DIC the excess of potassium may lead to heart problems try to eat only 2 to 3
bananas per day as eating too much may cause heart related problems
allergic reaction many food allergies can develop in childhood in a case with
bananas it can appear in adulthood if you eat too much of this fruit you may
get many problems with it like stomach pain vomiting nausea breathing problems
and skin itching weight gain if you desire to increase your weight then you
can keep swallowing bananas it contains a significant amount of proteins and fat
which can help you to gain weight quite fast so dieters must eliminate bananas
from their daily food migraine if you are often troubled by excruciating
migraine attacks you may want to avoid bananas in your daily diet terra-man as
substance present in bananas is a trigger for migraine headaches
drowsiness bananas can make you feel drowsy even if you have just started the
day they are rich in tryptophan an amino acid that can reduce your mental
performance and reaction time apart from making you feel sleepy these properties
however will make them a good snack before bedtime beauty benefits of banana
peel makes you shock we have always heard the beauty benefits of bananas
what about their pee actually people in a lot of cultures around the world still
eat the peel for its fiber potassium and other nutritional benefits but there are
ways to reap the rewards without eating the peel too
here are some of the beauty benefits teeth whitener cut off a piece of the
peel and rub the inner pot gently over your teeth for a few minutes then rinse
off repeat one to two times daily for whitener looking teeth screen brightener
the same way their white and teeth pills can brighten skin you gently rub the
inner peel of your skin then rinse off afterwards a wrinkle reducer rub the
inner portion of the peel over your target areas leave on for 30 minutes
before rinsing acne treatment there is been some success for treating blemishes
and acne by rubbing the affected area gently for a few minutes then rinsing
repeating three times a day combat puffy eyes while cucumbers or the
popular way to fight tired of off the eyes banana peels can do the trick
as well just use them the same way like place banana peel over your eyes to give
your bright fresh and look you can also apply banana paste on eyes to clear
puffy eyes banana face pack for glowing and anti-aging this fruit contains
vitamin A vitamin b6 vitamin C and vitamin E all the way along with
potassium minerals zinc manganese and iron applying the banana for face helps
to keep your face in a great condition banana face pack to lighten skin this
natural face mask is good for fading away dark spots removing blemishes and
brightening dull skin for this pack we need one a ripe banana honey and lemon
firstly remove banana peel and mash single banana in a bowl
till it forms a smooth lump now add one teaspoon of lemon juice
and one teaspoon of honey and mix the ingredients Peroni applies this paste to
clean your face and let it sit for 15 to 20 minutes to penetrate deep into skin
pores and finally wash your face with lukewarm water button on face masks to
fight wrinkles bananas are packed with potent nutrients
which can remove the appearance of wrinkles and make your skin look younger
and radiant for this first mask we need 1 ripe banana one orange thick yogurt
make smooth pulp from ripe banana and add 1 teaspoon of yogurt and 2 teaspoons
of orange juice and mix the ingredients thoroughly to become smooth paste apply
this paste onto your face and massage for few minutes apply a second thick
coat onto your face and let it sit on your face for 15 to 20 minutes to a load
the mask to work its magic later rinse your face with cold water to
tighten your skin pores and apply a good moisturizer to hydrate your skin
repeat these face masks for two to three times in a week
for best results banana face back to look younger
bananas are rich in antioxidants and minerals and it increases the healing
process banana has the capacity to increase the elasticity of skin it has
the wonderful production of skin collagen for this banana face back
we need one organic ripe banana almond oil almond oil in the other hand will
provide your skin deep moisturization making smash banana to make pulp and add
one teaspoon of almond oil to it and mix thoroughly apply this mixture to
your skin let it stay for 20 to 30 minutes and rinse it off with cold water
then use tissue papers to clean and dry completely apply this twice in a week
for healthy skin bun and our Facebook also helps enlightening dark circles and
improves blood circulation throughout the skin thank you for watching the
video like and subscribe for more videos
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