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Steven Hull
The Diary Of A CEO
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Comments by "Steven Hull" (@stevenhull5025) on "The Top 7 Money Making Hacks For 2025 That Are PROVEN To Work!" video.
Maybe he meant £3,000 a year. Even that is pushing it for most folk.
17
When money is tight and you are a homeowner beware of rising maintenance costs, taxes and utility bills. It can become a financial trap. If I had only one property mortgage free and close to retirement I would sell and rent instead. The landlord is then responsible for all maintenance, not me. The equity released and invested wisely would also boost my retirement funds.
14
It is also a chain around one's neck. Taxes, Utility bills and Maintenance costs drain the bank account especially during retirement.
12
In Romania you can buy a detached house with a large garden for 10,000 Euros. Of course home ownership is high.
5
I am too. One problem though. All bills and taxes will remain unpaid and I, my wife and kids will starve to death.
4
Just don't have someone trip on your driveway, or cause someone injury whilst driving to work, or your pet dog biting a leg of a stranger or worse than that, large medical bills. You WILL be sued and/or a LIEN placed against your so called "secure" home. If you want real security, buy a property via an LLC, do not buy as a private individual.
3
It made me rich that's why I own ten.
3
It reminds me of ABBA
2
Emigrate to a cheaper country like Thailand or Cambodia. Do a TEFL course or even better, a degree in English. Jobs galore overseas.
2
My dad said don't keep money in a bank long term. Instead, save enough to buy a one ounce gold coin, and keep doing it, no matter the price. His advice has made me rich. Gold now over $2,300 per coin.
2
A home is required to raise a family ie; a mortgage in which you pay on average double what you borrow unless you are crazy enough to refinance during the mortgage term. If you are single and brave....Live in a van or a tent in the woods and save like hell.
2
What about reading Rich Dad Poor Dad.
2
Another true story. Bought a 4 bed detached home for £155,000 cash (includes buying fees) at auction in 2016. Spent £25,000 on renovations. Sold it 6 years later in 2022 for £335,000. Profit £155,000 before taxes.
2
The only way you create wealth is using GOOD debt to make money. Most rich people NEVER use their own money to enjoy the trappings of wealth. When you use BAD debt you become poor. Car finance, credit card debt, personal unsecured loans are bad debts. Learning the difference will set you free.
2
Reminds me of politicians. The Universe bit I mean.
2
As much as possible in the stock markets??? Are you crazy??? Diversity is king.
1
100% correct. 99.9% of people get it wrong. Investing in property, stock market, commodities, art etc is all well and good BUT most people FAIL to INVEST in themselves.
1
I live in the UK. Bought my first house with mortgage in 1981. Mortgage rates hit 15%. Now 43 years and three owned properties later I disagree with you. I don't eat out, I don't waste money in pubs, I don't order takeaways, I have a holiday once every 5 years, I don't drink and I don't smoke. I also don't have personal debts and have always lived within my means.
1
@Gino_567 What you get is a roof over your head thanks to a smart investor.
1
@kerrisouth Correct. There is more wealth around than many realise.
1
Play safe and protect your spending power. Inflation will wipe out most investments in real terms. Most people do not realise that rising prices are being caused by the deliberate debasement of paper currency. To protect and build wealth I advise anyone to BUY a one ounce pure gold coin every time you have saved enough to do so. Take physical delivery. Do not place in a bank vault and avoid gold ETF's with a bargepole. The markets are rigged, controlled by AI bots and pumped up by indiscriminate printing ,called quantitive easing. A massive financial crash is coming sooner than most people realise. The world is riddled with debt and the can has grown so large it can no longer be kicked down the road. Get out of stocks, ETF's, cash, and BUY gold (or silve,r but preferably gold) whilst you can. 2025/26 will be explosive.
1
A stock market manipulated by bots. Expect a massive crash soon.
1
The point is many young folk find it difficult to tighten their belt and save enough for a deposit. You cannot spend every weekend partying the night away, eating in fancy restaurants, spending on the latest craze using credit cards and then bemoan housing is unaffordable when they are stuck at the age of 30 at mum and dads.
1
Gentlemen, don't pick a woman full stop. Stay single and free and enjoy your hard earned money without being hen picked.
1
Get out of the S&P now and maybe you will. S&P down 2.82% past month and Dow down 5.20% past month. Much worse to come in my opinion.
1
Law of gravity. What goes up must come down.
1
In the UK most wealth above £350,000 is taxed at 40% on death. Best thing to do is spend, spend, spend. You are being brainwashed during your life to save so banks and other financial institutions can use your money to enrich themselves. Banks call it fractional banking and Institutions call it "management fees".
1
Talking about Gold. Now that IS a protection of wealth especially in these inflationary times.
1
Gold one ounce coins DELIVERED not stuck in some bank vault or some pyramid ETF.
1
The only rich people I know of in my neighbourhood are the drug cartels.
1
Nobody forced her to choose renting over buying did they??
1