Comments by "Maxwell Benz" (@Tential1) on "" video.

  1. I'm not sure how that math doesn't check out? I'm a little confused here, because I do similar things all the time. And the math not only works in excel, it checks out. And, it's also something I know a lot of people do. We just add a couple more layers of complexity, for additional return. Maybe I just come from a different world, since most people I interact with are wealthy, but I just assumed everyone knew this.... He's not even giving the full run down. There's about 4 to 8 layers of complexity you can add.
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  2. 20 years old... 900k in bank.... K.
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  3. Myself and my brother both have a lot of money. We still need cosigners. If you're buying a car and you've never bought an expensive car, they don't care how much money you have. They purely care about credit history. It won't matter how much money we have, because we never have had debt before, we can't borrow. So we need cosigners. So if we wanted to do something stupid, like buy a lambo, we need a cosigner. Otherwise, the interest rate is stupid.
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  4. Also, you rarely if ever buy anything with cash, if you're wealthy. You always borrow. If you're wealthy, typically, you generate money from your wealth. So you always borrow. Billionaires still have mortgages lol.
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  5. In fact, it's very weird you're saying this, because I'm almost positive if I go dig for some old text books, I can find financial examples of borrowing money at xyz percentage, placing it back in the bank at a lower percentage, and using that money as collateral, for a trade, which yields higher than the initial borrowing rate. I swear, a lot of you didn't actually learn things in school. You just passed the class. Took me a moment to realize, I'm literally doing a similar trade, I just have layered a lot on top.
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  6. In fact, thinking about this situation for a bit, given the numbers presented, I'd still make MORE than 9%+ yield, given a 4.25%(i don't think you can get 4.75%, latest rates are 4.27) so, why would I not borrow? The thing is, when you get into your mindset, you lose creativity. Lol. Finance is not just numbers. It's artwork. And so many of you don't understand the art of finance, so you'll never be able to play the game. You in fact refuse to acknowledge, there is a game, or art that can be done. So many of you just see the numbers as absolutes, numbers are art.
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  7. Me wanting to say only idiots have that much cash in the bank. But also knowing people who do. 😢
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