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Why I’m Now $1 Million In Debt

2022-03-07 Education
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Andrei Jikh
Andrei Jikh
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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)

@superdavestudentrentals5951 2022-03-07

I couldn't agree more, staying in the market is the most important factor, scared money doesn't make money, and I agree about the perfect storm you're talking about in the real estate market. That's why I'm going to keep buying like you and try to make the best of the current market! Great video Andrei!

125 2 replies
@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.

99 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.

51
@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
@kimberlycobbs9303 2022-03-08

The cost of living is making people go into different businesses anyways, but my problem is that the rate at which money gets finished on little purchases is so surprising

12 2 replies
@SpencerCornelia 2022-03-11

you'll make a lot more money long term with this strategy imo. the strategy you mentioned about the "cash buyer" pulling a bait & switch is crazy. what should have thrown red flags is a 30 day close of escrow on a cash purchase.

7
@Ericliaoo 2022-03-07

If only Graham had a real estate license in Las Vegas, you guys could've made a video together showing that entire process

5
@jubilee_john4862 2022-03-07

Andrei, That currency you are talking (a little bit inflationary) is $DOGE! 😋😎 I can’t have enough of your videos. Thanks for what you do!

2

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