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Why I’m Now $1 Million In Debt

2022-03-07 Education
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Andrei Jikh
Andrei Jikh
3.2m subscribers

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Description

Here's why I'm buying debt ► Where I Buy Bitcoin: https://gemini.sjv.io/1E3dz ► How I went from Zero To A Million: https://www.zerotoamillion.com ► My Stock Portfolio + Stock Tracker: https://www.patreon.com/andreijikh ► Get 2 FREE stocks valued up to $1850 (when you deposit $100): https://act.webull.com/kol-us/share.html?hl=en&inviteCode=QhhB1aDNwEDP ► MY DISCORD: https://discord.gg/9TVPxj73Bb ► ROBINHOOD (Get 1 Stock When You Sign Up): https://robinhood.c3me6x.net/c/1980551/671816/10402 ► Open A Roth IRA: https://m1finance.8bxp97.net/c/1980551/696710/10646 ► Follow Me On Instagram: https://www.instagram.com/andreijikh/ ► How I Protect My Bitcoin: https://shop.ledger.com/pages/ledger-nano-x?r=535643c13ab0 My PO Box: Andrei Jikh 4132 S. Rainbow Blvd # 270 Las Vegas, NV 89103 Here is why I'm investing and buying debt. The goal is to protect my purchasing power against inflation by borrowing as much money as possible (comfortably affording it) while locking in a low interest rate, backed up by a secured asset. WHAT'S THE STRATEGY? I borrowed one million dollars at an interest rate of 2.6% (secured loan). Here's what I bought and why. *None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

Top Comments (10)

@mathebulamkhize876 2023-02-22

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.

102
@JasonPizzinoOfficial 2022-03-09

Borrowing $1,000,000 in Australia for a mortgage is the norm these days.

100 4 replies
@JackDuffley 2022-03-07

Per your post earlier about Munger's quote, “The safe assumption for an investor is that over the next hundred years the (fiat) currency is going to zero.” Taking out fixed rate debt in fiat to buy real assets is a time tested way to try and benefit from that.

77
@Bobbyfuckingaxelrod 2022-03-08

Thanks for letting us know that cash offers don't mean you have to pay cash. I will definitely be using that strategy in the future.

52
@BernardoLeon 2022-03-11

It’s difficult to keep “saving” for an emergency fund when inflation is going up, as you said we are forced to invest

21
@GrantNavarre 2022-03-08

Yes!!! I’m super proud! Home tour time!!!!

11 1 replies
@cataaronz 2022-03-08

Hey Andrei, can you please clarify what you mean at 10:39 when you say interest rates trend towards zero?

8
@gabrielREI1 2022-03-08

thanks for not being a financial advisor but someone who can impact and inspire from your personal view points

4
@maverickf13 2022-03-09

Whoa that cash thing is amazing!!!

0
@VovaD 2022-04-17

Thanks for calling things with their names!

0

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