Morris Invest

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- A 2024 research report published by the Employee Benefit Research Institute found that resuming student loan payments has had a direct impact on how much money Americans are able to contribute to their 401ks, which of course puts a massive damper on account balances over time. On top of that, more and more people are taking hardship loans from their plans.. Vanguard reported in 2022, a record-high number of workers had to tap into their accounts. The report said that 80% of withdrawals initiated by lower-income participants were used to avoid losing their home, to repair their home, or to pay for medical expenses. One third of Vanguard participants who took a hardship loan from their retirement plan had also done so the year prior. The 401k cannot sustain any more pressure. We already know that the average balance of the 401k is only about $112,000. These plans get slowly eaten up by high fees, taxes, and inflation over time. And sadly, this is the primary retirement vehicle most people have in place. No matter where you look, it’s clear that Americans are struggling. Between inflation, credit card debt, and resuming student loan payments, people can barely pay for their day-to-day expenses, let alone save for retirement. This idea of basing your entire future on this one retirement plan is fundamentally flawed. But no one is telling you this. In fact, when troubling data like this is released, companies and Wall Street tend to double down. They blame the 401k’s decline on the consumer but forget to mention all of the fees and taxes that play a role in shriveling balances. I’m telling you, it’s all a lie. According to Business Wire, only 157,000 people have balances of over $1M in their 401k. That is nothing, when you consider how many people are actually contributing to the 401k. And if I had to guess, I’d say that those 401k millionaires just so happen to be CEOs. The 401k is not designed to make the average American wealthy; it’s just not. But, it’s not all doom and gloom. Everything you need to know about empowering yourself, building out a comfortable retirement plan, and building a financial education that helps you reach your goals is right here on this channel – for free. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- The Affordable Housing Crisis Is Out of Control Half of US homeowners and renters reported regularly struggling to make their housing payments, according to a recent Redfin survey. 22% of participants skipped meals just to afford housing, 17.9% resorted to borrowing money from friends and family, while 15.6% of people delayed or skipped medical treatments. The cost of living over the past couple years is hurting Americans, and housing is a big factor in this equation. The cost of getting a mortgage has skyrocketed, with rates being higher over the past year. And in some markets, rental rates are even worse. Estimates vary depending on the source, but millions of housing units are needed across the United States. Low inventory combined with high interest rates have created an absolute disaster. This problem has been years, if not decades, in the making. We know that homeowners who purchased or refinanced their homes during the pandemic era are locked into historical low interest rates, with little motivation to sell. It’s predicted that more than 90% of American homeowners are locked into rates below 6%. And for those hoping to buy a home, interest rates are putting a massive damper on purchasing power. Builders have never fully recovered since getting burned during the Great Recession. Plus, it costs more to build today. From increased pricing of lumber, labor, and interest rates, it’s risky for builders to push out a substantial amount of inventory. We know that the problems with higher interest rates are a short-term hurdle, but the lack of inventory has been brewing for years now. This can’t be fixed overnight. There’s not a clear-cut solution to solving the affordable housing crisis. Smart real estate investors find a way to profit despite what’s going on in the market – and we know that the affordable housing crisis is an opportunity to contribute housing to those who need a place to rent until buying becomes more likely. Because there are more people looking to rent, there’s a potential for long-term, stable income. But if you want to make a smart investment, that starts with buying right. In the midst of an affordable housing crisis—with high interest rates and low supply, it can be hard to find a property that checks all of your boxes. Our new construction properties at Morris Invest can help you reach your goals. Because we buy and build in bulk, we’re able to pass down savings to our investors. And our properties are located in the best growth markets in the US. If you’re interested in learning more, head over to https://morrisinvest.com to schedule a free 30-minute call with my team. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- A new report from the CDC and the National Center for Health Statistics showed that in 2023, the US birth rate dropped to the lowest in over a century. We’ve seen this number fluctuate over the last several years due to the pandemic. First, there was a sharp decrease in the birth rate in 2020 as uncertainty loomed— followed of course, by a rebound. But a 3% drop from 2022 to 2023 brought the birth rate under the previous low from 2020. The data showed that the birth rate dropped across nearly all age groups. All of this has massive implications on our economy. It means the government and the Fed must keep spending to oblivion and implement rate cuts to counterbalance this demographic cliff. People aren’t having children; it’s too hard to survive in this economy, let alone add more mouths to feed to your family. America cannot afford a recession. Americans are barely keeping their heads above water. As we’ve covered here on the show, people are drowning in credit card debt, defaulting on loans, cannot afford to buy homes – and now, cannot afford to have children. These economic hardships are impacting people’s lives on every single level. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- What to Look for in a Fairly Priced Rental Property As always, my advice is to never buy a property above the appraised value. Doing so gives you less equity from the get go, and is going to leave you with a higher monthly mortgage payment. When buying a rental property, always be sure to get an independent, third-party appraisal to ensure you're paying a fair price. What to Consider About Buying a Second Property If you're considering buying a second home, like a vacation home, my advice is to be wary! I've had bad experiences doing this, and there's often a lot more that goes into it than you might expect. But if you're planning on buying a rental property, then yes, it's a good move! As long as you run the numbers and make sure you can get a solid return, investing in real estate is a great way to set your family up for success. I'd recommend reading my book, How to Pay Off Your Mortgage in 5 Years, so you can figure out the best way to minimize your mortgage payments. How Morris Invest Compares to Other Real Estate Companies Our model is unique because our build to rent properties offer great returns, interest rate buy downs, and an entirely passive experience. Plus, we work with third party lenders and third party property management companies in order to give our clients plenty of resources. When you work with us, you own the property 100%, yet our customer service is available to you forever. If you have questions, we're happy to walk you through our process, just book a call at https://morrisinvest.com. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Your credit score can influence your ability to qualify for a mortgage, a car loan, a place to rent, and it can even dictate the rate you pay for insurance. So while your credit score isn’t the most important thing in the world, but that doesn’t mean you should disregard it entirely. There is a huge lack of education that is undermining what’s happening with credit scores. Americans are generally uneducated about credit cards and credit scores, unfortunately. And the entire credit card system is working exactly as planned. Credit card companies prey on young and low-income demographics. I mean, go to any college campus during their welcome week, and you’ll be sure to find tables with bankers just waiting to sink their hooks into the next new student – who, of course, has little to no financial education. Most Americans don’t understand how a credit card actually works, let alone an APR. They don’t understand how minimum payments and interest rates work together to keep you locked into the credit card game. A 2023 survey by Clever found that 28% of card users don’t even know what their credit card’s interest rate is… This is troubling. And if the credit card companies they can get you as a customer early on, like my college campus example, the deeper in the hole they hope you’ll get. These companies are betting that you’ll only make the minimum payment, while they collect exorbitant amounts of interest, month-after-month, year-after-year. The average credit card APR, or annual percentage rate, is hovering around 21%. Certain store credit cards have even been charging record interest rates of 33%. Sure, credit cards need to make money, but 33% is just predatory, and you won’t be able to convince me otherwise. Now listen, credit cards are not inherently evil. I’m not saying you should cut up your credit cards and never use them again. Credit cards are a financial tool, and if you know how to use them wisely, then you’re good to go! But sadly, most Americans do not – and that’s exactly what we’re seeing in the data. And again, the credit score isn’t the end-all, be-all when it comes to your finances. Generally speaking, I’m not a big fan of the credit score as a whole. I’ve seen it disempower a lot of people. They’ve got this one number in their mind that’s ruining their lives and stopping them from pursuing their goals… The credit score leaves people feeling powerless over their finances. But if you’re in a tight spot, missing payments, and being consumed by these predatory high interest rates, I know that’s a tough place to be in… I’ve been there too. It can take years to dig yourself out of that hole… and the mental drain can really get you down. If you’re struggling with credit card debt and a low credit score, you’ve got to take the time to get financially educated on these topics. Most Americans have very little understanding of what components make up their credit score, or how credit card interest rates work. I have other videos on how to improve your credit score, and how to get out of credit card debt, so be sure to find the links to those videos in the description box below if you need help in that area. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How Distributions Are Taxed in a Self-Directed IRA Distributions on any retirement account are going to be taxed depending on how your account is set up. Personally, I prefer a Roth account, that way my funds can grow tax-free. My personal intent is to be wealthier at retirement, so I’d rather pay taxes upfront than at retirement. I highly suggest checking out the interview I just did with Mat Sorensen and Hayley Neeley, where we discussed self-directed accounts in depth. https://www.youtube.com/watch?v=d1Bmb27AIl8 Ideas for Paying Down a Variable-Rate HELOC Faster Paying down a variable-rate HELOC shouldn’t be much different than paying down any other loan. You’ll want to make big payments toward your principal balance, so that the interest is less. If you’re really struggling with this debt, I’d suggest seeing if there’s a way you can restructure it. Reach out to Dan Kraus at Churchill Mortgage to see if there are any products that can help you reach your goals faster. https://www.churchillmortgage.com/loan-officers/dan-kraus What’s Behind the US’ National Debt There are two main components to national debt: intragovernmental, which is held by the Federal Reserve, and public debt, which is owned by private investors, institutions, US savings bonds, and other foreign governments. Much of our public debt is held by China. We borrow from China to build up military strength… against China, which doesn’t make much sense. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- According to data from the Federal Reserve Bank of New York, credit card delinquencies reached 8.5% in the fourth quarter of 2023 – that’s up from 5.87% in 2022, and 4.1% in 2021. So essentially, within a span of two years, credit card delinquencies have more than doubled. All stages of credit card delinquency, including 30, 60, and 90 days, saw a sharp rise at the end of the year. This is out of control. We’re hearing again and again from the current administration the US economy is healthy – yet so many Americans are relying on credit cards, carrying expensive debt that they are ultimately unable to pay back. The total amount of credit card debt in the US has surpassed $1.13 trillion, which on its own is troubling, but the state of delinquencies shows the true financial ruin we’re seeing unfold across the country. Delinquency rates also rose in auto loans and mortgages. It’s clear there’s a widespread state of financial stress that is plaguing Americans. Delinquencies especially can have a harmful impact on the lives of Americans. A delinquency on your credit report will obviously impact your ability to obtain future loans… But even landlords and insurance companies are going to gauge your trustworthiness based on what’s on your credit report, and a delinquency is one of the biggest red flags you can have. The implications can range from being denied a place to live, to needing a co-signer to get a loan, and oftentimes paying higher prices for everything. And this type of negative ding on your credit report will follow you around for seven years! There are a lot of factors at play when it comes down to these glaring problems with credit card debt. Many economists point to interest rates, inflation, and an increased cause of living. We also know that many consumers are relying on credit cards to supplement their income, and a large portion of the population is simply overspending. we can assume that most credit holders are not going to see relief anytime soon from their lenders. Rate cuts are likely not coming until later this year… and credit card rates are always much higher than the Fed’s benchmark rates anyway… But aside from those major contributing factors, there’s something that’s widely overlooked. A lot of the problems we’re seeing in this country surrounding debt are caused in part by a widespread lack of financial education. Most Americans don’t understand how a credit card’s APR works. They don’t understand how minimum payments and interest rates work in tandem to keep you in the debt trap. A 2023 survey by Clever found that 28% of card users don’t even know what their credit card’s interest rate is… And financial education is the only cure. We have no control over interest rates, inflation, and the price of goods. The only thing borrowers can do is empower themselves and become armed with the information that will allow them to get out of this vicious cycle of mounting credit card debt. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com Download the free report: https://morrisinvest.com/putin ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Diversify Into Real Estate Investing For beginner investors or anyone who wants to be as hands-off as possible, I truly believe that there’s no better way to invest in real estate than with our team. Our full-service approach to investing holds your hand through everything from financing to hiring property management. Our build-to-rent properties offer a minimum IRR of 18%, amazing tax benefits, and so much more. You can schedule a free call with my team at https://morrisinvest.com. The Finer Details of Using a 1031 Exchange A 1031 exchange is a tax-deferral tool that real estate investors can use to build wealth, save on taxes, and expand their portfolio. Essentially, a 1031 allows you to sell a real estate property and then reinvest the funds in another property without paying capital gains taxes. All properties in a 1031 exchange must be used for business or investment purposes, so renting out your property is a great idea. My Experience with Nightmare Tenants Sadly, dealing with bad tenants is part of the business! I’ve had my fair share of horror stories, which you can hear in this video: https://www.youtube.com/watch?v=gAEFyjUqqr0 No matter how much you screen tenants or invest in the right neighborhoods, sometimes bad tenants happen. My perspective is that it’s just part of doing business and fortunately, the good tenants outweigh the bad. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- The national debt in the United States is steadily increasing year after year, finally reaching a historic level. This situation is concerning, with a fast-paced growth at a rate of a staggering $1 trillion accruing to the national debt every 100 days. The recent total in January of this year was a record-breaking $34 trillion. What’s going on with this immense amount of debt? On today’s show, we’re going to talk about some of the main factors brewing behind the scenes. This massive amount of looming debt proves a serious lack of financial responsibility within the US government, including skyrocketing spending habits that will have serious lasting effects for the American people for decades to come. Outside of that, one of the main factors that has contributed to this massive amount of debt, and especially the rate at which it has grown, is pandemic-related spending. Gobs of money were thrown at the problem, from vaccine development to grants and subsidies, economic impact payments, funding for healthcare, and so on… Another issue that has amassed tons of debt in recent years is immigrant support. That’s right, the US government is spending taxpayer money on housing, food, and transportation for immigrants who enter the country illegally. If you haven’t seen my video on what’s going on with illegal immigration in this country, you’ve got to watch that one to get some more context. We’ll link it for you right here. And of course, we can’t forget that billions of dollars have gone to fund war in Ukraine. While sending aid to foreign countries isn’t anything new for the United States, the amount sent to Ukraine far exceeds any other recipient. The Biden administration & the US Congress have allocated about $75 billion to aiding in conflict in Ukraine. It’s jaw dropping. Politicians cannot agree on a way to tackle this mountain of debt. Plus, both parties are unlikely to cut funding to programs or hike up taxes – because at the end of the day, they’re all looking to get elected. It’s futile to point fingers, as both parties have ultimately contributed to the issue, and both should take responsibility for finding solutions. As for the people, I always say, if you want to stay afloat in today’s economy, you’ll have to learn how to protect yourself and your wealth from external factors. It’s more important than ever to think about ways to reduce your overall tax burden and to begin building generational wealth for your family. The best ways to do this include buying real estate. Rental properties are inflation proof assets that will always provide income. And best of all, investing in real estate offers many great tax benefits – this will protect you if your elected officials decide to ramp up taxes in order to increase the country’s income. If you’re interested in what we do at Morris Invest, you can click the link in the description box to schedule a free call. We can help you decide if rental real estate is a good fit for you. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- The dollar has held its power in global trade for decades. Since World War II, it has been the world’s principal reserve currency. What does that mean? A reserve currency is held and used by institutions and central banks across the world for international transactions. Major commodities like gold, lumber, and oil are priced in dollars. Global trade runs on the US Dollar; it has long been an important cornerstone in the global economy due to its ease of conversion and value. But over the past several decades, the inherent value of the dollar has been on the decline. In 1971, the US dollar’s departure from the gold standard led to a major devaluation. And this was just the first time the dollar has declined. Not to mention, in recent history, China has become an economic powerhouse… and sanctions enforced after the invasion of Ukraine have encouraged more and more countries to turn toward other currencies. Putin announced an intent to create an international currency standard. And even France has been leaning less and less on the US dollar. And these are just a few examples. When asked about these global issues and their impact on the dollar as the world currency, here’s what Janet Yellen, US Secretary of the Treasury had to say: “We should expect over time a gradually increased share of other assets in reserve holdings of countries.” Despite these glaring issues, American politicians like to affirm that the dollar’s position as a global currency is strong – but clearly there’s been a slow burn happening behind the scenes for decades. Bit by bit, other countries are trying to establish independence and chip away at the dollar’s role as the most prevalent reserve currency. Some may argue that the biggest threat to the future of the US dollar is the US government itself. National debt continues to climb at astronomical rates. Mixing high debt with high inflation could very quickly result in a crisis for the dollar. Regardless of what ultimately happens with the dollar – now is the time to think about how to protect yourself. We’re in an environment with high inflation and tons of economic volatility. Americans are losing their jobs left and right, while debt on both a personal and national level is out of control. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Major network news continues to spout the narrative that the economy is good. Whether they’re sharing harrowing statistics about inflation, credit card debt, layoffs, or immigration, they always seem to put a positive spin on otherwise bad news. But all you have to do is look at the data… things are not looking good in the US economy. It’s looking like the Fed won’t be ratcheting down rates by a significant measure anytime soon. So many Americans are holding onto hope for lower rates before they can do things like buy a home, invest, or upgrade their vehicle. And even though recent reports have shown that inflation is beginning to cool, the prices of everything from housing and groceries is still through the roof. Americans’ pockets are hurting, and things aren’t looking up. As long as inflation runs higher than the Fed would like, those interest rates are staying put. And even if we do see lower rates in the second half of 2024, any potential decrease is unlikely to be significant. The days of interest rates below 5% are sadly gone. To make matters worse, Americans are drowning in credit card debt. Americans’ total credit card debt reached an all-time high of $1 trillion dollars. Sadly, many people are caught in a vicious cycle, and high interest rates are keeping them locked into a state of perpetual economic hardship. Meanwhile, illegal immigrants are entering the country in droves. Over 7 million have entered the country during Biden’s tenure. And if the current rate doesn’t decrease, 2024 is looking to be the worst year ever for illegal immigration. Already struggling cities are being overburdened by this crisis. So if you’re believing this narrative by major news networks that Bidenomics is working…. Think again. Economic analyst and financial writer David Morgan is warning of a looming global depression. He said, “we are entering into a global depression the likes of which the world has never seen.” We’re seeing persistent inflation, an affordable housing crisis, record rates of illegal immigration, and massive job cuts, to name a few… it’s time to brace for this hard landing. There’s never been a worse time to be saddled by credit card debt, especially with these big companies that are charging outrageous interest rates. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com 🪙 Download the free report: https://morrisinvest.com/silver ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Decide If You Should Tap Into Your Home Equity If you have a low interest rate on your mortgage, I can understand why you'd be hesitant to pay today's interest rates to access your equity. However, it's important to remember that those interest rates in the 2-4% range are of the past. That was a once-in-a-lifetime opportunity! So instead of measuring your HELOC rates against your mortgage rate, it makes more sense to weigh them against what you can earn on an investment property. So while you might pay 9% to access your home equity, you could get returns to the tune of 18% if you buy a rental property. To me, that would be worth it. What to Consider About Dealing with a Bad Ex-Tenant Nobody likes being burned by a tenant or having to pay a bill that doesn't belong to them. If you want to make things right, you can always contact a lawyer or go to small claims court. However, these things will cost you a lot of time and energy. If it were me, I would just chalk it up to the cost of doing business and move forward. My Thoughts on Selling vs. Holding Your Investments in Tough Economic Times Personally, I won't be selling any real estate or precious metals. These assets are a hedge against inflation and a great way to preserve your wealth. I can't tell you what to do, but it is important to recognize that billionaires largely hold their assets throughout all cycles of the economy. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- High fees. If your 401k plan is riddled with high fees, your plan administrator is undoubtedly taking advantage of you. And if you’re thinking, “I don’t even know what types of fees I’m paying on my 401k plan!” Yeah… you’re not alone. A 2021 report released by the Government Accountability Office found that nearly 40% of Americans do not fully understand the fees in their 401ks. Even worse, 41% of investors don’t even know their 401k has fees at all! Researchers at Yale University studied the excessive fees inside 401k plans and determined that fees totaling over 1% are hurting your retirement savings.So what can you do if you’re paying high fees? Well, depending on your employment status, you might be locked into your account. In that scenario, here are your options: first – give your provider a call. Seriously – ask about those fees! The first step to changing this system is awareness, and we can do that by demanding transparency from these companies that profit from a lack of financial education. No employer match. 99% of people I hear from who are happy with their 401k have one thing in common: a great company match. And really, that’s about the only scenario in which a 401k makes sense.But if you’re having part of your paycheck funneled into your 401k and your employer isn’t matching it, you’re really doing yourself a disservice. If this is you, consider changing your contribution and exploring other retirement plans you can set up on your own. You’re not limited to using a crappy 401k. There’s a whole world of other retirement plans out there, and you can contribute an additional $6500 per year into an IRA.Another option, of course, is to start buying rental properties that can provide you with cash flow. You can even do this inside of specific retirement accounts. Check out my video on The Pros and Cons of Using Real Estate Inside Your Retirement Plan to learn more. Extremely poor or limited investment options. Some people will try to tell you that fewer investment choices are better, but this only applies if you have very little financial education. The average 401k offered from Vanguard has about 27 investment options, but some may offer as little as three! Diversification is important when it comes to investing, so make sure your plan offers enough investments… and if it doesn’t be sure that those few investments aren’t riddled with fees. Listen, I don’t care whether or not you invest in a 401k; I have no dog in the fight when it comes to how you live out your retirement. Here’s what I do care about: whether you are empowered and educated about your options. That’s what I want for you—empowerment ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📺 Watch Next: Americans Are Being CRUSHED By Credit Card Debt: https://bit.ly/4agYlxP 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- It’s no secret that the commercial real estate sector has seen huge impacts since the pandemic. The work-from-home revolution has brought about sweeping changes for society and the economy at large. Office spaces and retail locations specifically have been hit hard with vacancies over the past few years, and there’s no sign of things trending in a positive direction. You don’t have to be an economist to see that things have gone south. If you’ve been in any downtown area or shopping mall in the past couple years, it’s blatantly clear that there’s been a shift in commercial real estate. In fact, Moody’s Analytics found that a staggering 19.6% of office spaces were not leased in the fourth quarter of 2023, up from 18.8% in 2022. This major shift in the workplace has totally upended the commercial office space industry. This combined with higher interest rates has put pressure on leaseholders and lenders alike, resulting in many businesses defaulting on loans. Nearly $1.5 trillion of US commercial real estate will be due for repayment by the end of 2025. And with interest rates being a bit higher, refinancing is risky. Small local banks with a high percentage of commercial properties on their balance sheets WILL fail. That’s exactly what Jerome Powell said. There will be defaults and collapses in community banks; we heard it straight from the horse’s mouth. You don’t have to read between the lines. There’s big trouble here. Federal Reserve data from September 2023 showed that commercial real estate comprised 44% of portfolios at small banks, vs. only 14% of the country’s 25 big banks. This situation could have serious consequences on a widespread scale. If you have money sitting in small local or regional banks, start thinking about ways to protect your money. There’s no longer any uncertainty about how work from home practices and the changing economy will impact office spaces. We’re seeing it unfold right in front of us, things are crashing. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Download the FREE report: https://morrisinvest.com/interest 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- What You Need to Know About Owning Properties in an Overvalued Market This data showing that rental properties sold above their asking price tells you a lot about the market. You can rest assured that the market growth is there, and the appreciation is powerful as well. Not every overpriced market will make a good rental market, but Lubbock, Texas is a strong rental market because the price of rent is keeping up with the prices of properties in this area. So the great thing about this is, investors have options! If you’d like to sell your rental property, that would be profitable. Renting it out is profitable as well. It all depends on your long-term goals. Tips for Using a Veterans’ Affairs Loan to Buy Rental Properties Using a VA loan to buy rental real estate is a powerful strategy. However, you should know that your property must be owner-occupied at the time of purchase. If you’re willing to live in a duplex, triplex, or other multi-family property, personally I think it’s worth pursuing. Check out this book: Military House Hacking for more information. https://bit.ly/3YfuZuy How to Turn a Paid Off Home Into a Performing Asset A paid off home is a great resource! If you have a lot of untapped equity, that’s a smart way to access funds to buy rental properties in proven markets. You could also consider renting rooms if that works for you personally. My friend Dan Kraus at Churchill Mortgage is the king of creative financing. You can reach out to him to discuss lending products on your primary home. https://bit.ly/347nADc ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📺 Watch Next: This Is DEVASTATING to America's Credit Score: https://bit.ly/3PN3DZN 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Let’s talk about some of the few key factors that are contributing to the issue at hand. One major contributing factor in the credit card industry is predatory rates. So not only are credit card interest rates rising in accordance with the Fed’s rate hikes the past year, but they’re also exorbitantly high, for no good reason. USA Today recently reported that certain store credit cards have climbed to record high interest rates of 33%. The sad truth is these companies can charge whatever they want. Store cards, of course, are the worst offenders, but most, if not all, credit card interest rates are extremely predatory. There’s no protection for you as a consumer, these banks and lenders will do whatever they can to get their hooks into people, and they prey on a lack of financial education. Another problem, of course, is inflation. The cost of everything has risen, and sadly many consumers are in such a dire financial situation that they cannot afford these price increases – so they rely on credit cards to fund their lifestyle, and then get stuck in a vicious cycle. We’ve also seen student loan payments resuming late last year. This has put many Americans in a serious financial crunch. The average student loan payment is in the $200-300 range, although some borrowers have much higher payments. It’s more important than ever to understand the consequences of taking on consumer debt and to know when and how to use credit cards. Credit is a resource and a tool. But it can also cause financial ruin, anxiety, and devastation. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

🔥 Download the FREE report: https://morrisinvest.com/fed 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Find Financing on a Bulk Deal If the properties in a portfolio are truly a good deal, you shouldn’t have any trouble finding financing. Don’t worry about being a new investor — everyone has to start somewhere! Here are a few resources I would recommend: Jasey Capital Group https://www.jaseycapitalgroup.com/ DLP Lending https://dlpcapital.com/solutions/investment-funds How to Count Rental Income to Qualify for a Mortgage Many lenders will allow you to count rent toward your income, and therefore you can qualify for a larger mortgage. You just have to be prepared to prove that income and cash flow. Usually, you’ll need two to three years of statements. What to Do to Get Out of The Rat Race I’m a firm believer that financial freedom can’t be found through the system of W-2 jobs and traditional retirement accounts. One thing you can consider is intentionally building multiple streams of income. If your only income is earned through a paycheck, it will be very hard to build wealth. Side Hustle Show: https://www.sidehustlenation.com/side-hustle-show/ ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📺 Watch Next: How to Go From Homeowner to Investor: https://bit.ly/3uyU4Gf 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Nearly everything in our economy has shifted in the last few decades. College has become astronomically more expensive. The job market has gone through a complete overhaul. And the housing market especially has changed dramatically. Post-World War II, the American Dream became intricately tied with the idea of homeownership. Today, many people still share that sentiment. A survey by LendingTree found that 94% of Americans believe that owning their own home is part of the American Dream. But today, buying a home is much different than it was during that building boom. Today, we have an affordable housing crisis in America with an incredible demand for homes. So while people are working endless hours to make ends meet at their 9-5, with the hope of one day owning a home, there aren’t even enough homes available. But at least Americans can look forward to the final stage of the American Dream: retirement. But no, retirement has changed dramatically too. Outcomes are dire for retirees because most Americans are still relying on outdated accounts and systems. The 401k is among the most popular retirement plan in the US, yet it yields the most mediocre results. In recent data from Vanguard, the average 401k balance was only $112,000 in 2022. Since the dissolution of pension plans, the 401k has lost its position as a secure retirement plan. For the most part, a 401k will never lead to wealth. It’s a total lie that’s been sold to Americans. It hasn’t worked for decades, and it’s not going to help you build wealth. And your parents or grandparents might have access to a decent Social Security check, but the program is going down the toilet, fast. Social security is crashing. Today, the average monthly Social Security check is a paltry $1700(table 2), and benefits are expected to decrease significantly after the year 2035. Political corruption and the best interests of Wall Street are at the foundation of many, if not all, of these outdated systems. None of it is meant to help you create wealth. At its core, the American Dream isn’t really about the white picket fence or the 401k. It’s about financial freedom, the ability to accumulate wealth and pass it down to future generations. If you want to realize this dream for yourself, you’ve got to stop holding out hope for these outdated systems and practices. And if you’re ready to create financial freedom for your family, the best place to start is by downloading my free PDF, the Freedom Number Cheat Sheet. The Freedom Number is a concept I created and used in order to break free from the rat race and the chains of traditional retirement accounts. I share it for free because I believe so deeply in its ability to transform lives. I hope you’ll check it out, again it’s totally free. Just head to https://morrisinvest.com/freedom and we’ll send it your way. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📺 Watch Next: The Beginner's Guide to Financial Education: https://bit.ly/47yYpHR 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- 5 Middle Class Money Traps Buying liabilities. A liability is anything that takes money out of your pocket every single month—your mortgage, your car payment, credit cards, and loans. When you’re pouring your money into these expensive liabilities month after month, there’s little room in your budget for anything else. Not to mention, most liabilities come along with an outrageous interest rate – interest rates on certain retail credit cards recently surpassed 33%. Once you fall prey to this trap, it becomes increasingly harder to start buying performing assets that will help you build wealth. If this sounds like your situation, I really encourage you to check out the video I recently published on credit card debt in the US. Not building enough income streams. A lot of middle-class families live off one or maybe two salaries. If you want to start building wealth, you’ll need to start adding income streams to your family’s overall income. This can be businesses, side hustles, or my favorite, rental properties. Diversifying your income streams is an incredible way to start building wealth. Practicing lifestyle inflation. The lifestyle creep keeps people locked into a lifestyle of living paycheck-to-paycheck. If you’ve never heard of this term before, let me explain. Lifestyle inflation is when your income rises, and you also bump up your spending habits. So let’s say you get a raise at work, and then you plan a big vacation, and buy a fancy new car. So instead of bringing home extra money every month, you end up spending more. The lifestyle creep prevents you from building wealth and keeps you in a cycle of living paycheck-to-paycheck. Trying to time the market. This might be the biggest middle-class mistake of them all. Too many middle-class people talk themselves out of building wealth because of market conditions. Yes, rates are higher right now than they were in the past several years… but we are not going to see rates to the tune of 3 or 4% for a very, very long time. The ability to build wealth through real estate is going to get harder and harder to reach as prices go up later this year, and the 1% continues to gobble up available real estate. This is how the middle class’ wealth is shriveling up, and the top 1% is amassing more and more assets. Do you think wealthy investors give a crap about fluctuations in interest rate? No, they don’t. Let me tell you why. Successful investors aren’t splitting hairs over 1 or 2 percentage points. They see the value in making a long-term asset, and they go for it. Not focusing on financial education. One of the most powerful things you can do to reach any type of goal is to focus on education. The more that you learn, the more options open up for you. No matter your financial situation, I highly recommend making financial education a priority in your life. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

✅ Download the FREE report: https://morrisinvest.com/recession 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- My Thoughts on Selling Your Home to Invest Depending in your life circumstances, using your home’s worth or your home equity can be a great way to get your foot in the door with real estate investing. My main suggestions would be to make sure you’re investing in landlord friendly states (to avoid major headaches) and to work with a property management team (to make your experience as hands-off as possible). If you’re interested in learning more about our build-to-rent properties, you can schedule a free call at morrisinvest.com. The Pros and Cons of Cost Segregation Software Personally, I don’t have any experience using cost segregation software; I’ve always worked with an engineer. Here are few that I’ve heard of before, if you’d like to look into them: SegStream, KBKG, and Titan Echo. The main benefit of using cost segregation software is that it is cheaper. The cons are that at the end of the day, you still need a field study and when you work with a professional, you can trust that everything is done correctly. How to Go About Investing in Europe Unfortunately I don’t know much about investing in Europe/The Netherlands. I would assume that you can invest under your company’s name, but be sure to check with your tax professional. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- The Differences Between Bonus Depreciation and a Cost Segregation The first thing I want to say here is that tax strategies should never be DIY, especially as it pertains to real estate investing. If you’re not already working with a real estate savvy CPA, it’s important that you do so. That being said, here’s what you need to know: a cost segregation study allows you to take advantage of bonus deprecation. These two strategies go hand-in-hand. During a cost segregation study, a specialized cost segregation engineer will review the components of the property and evaluate each for accelerated depreciation. How to Get Started in Real Estate with No Money If you don’t have any money for real estate investing, you’ll have to find deals and people. There are a few ways to go about this. You could go door-to-door looking for wholesaling deals or start making connections at your local real estate investing meetups. I’d also suggest reading Getting The Money by Susan Lassiter-Lyons. https://amzn.to/3trR9sY Why Home Prices Are So High Home prices are a simple result of supply and demand. We have a huge affordable housing crisis in the United States; there’s just not enough housing. Another thing to consider is that because of inflation, the prices of everything have skyrocketed, including housing. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- What Retirees Should Consider When Choosing an Investing Strategy Personally, I'm not a big proponent of putting cash into a self-directed IRA to buy rental properties. The best way to set up a self-directed IRA is by using fund that are already allocated for retirement purposes, such as an old 401k or IRA. Here's why: there's a finite amount that you can contribute. The annual contribution limit is $6500, or $7500 if you're 50+. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits At retirement age, I'd consider becoming a real estate professional under the tax code, and continuing to buy rental properties inside your LLC. The Incentives of Buying Real Estate in the US The best incentive for buying US real estate from overseas is the potential for returns. US real estate has a lower barrier to entry than other countries like Australia. Because you can pay less for a rental property, you can expect higher returns. How to Decide If You Should Convert Your Home Into a Rental Property In my experience, many people want to turn their primary residence into a rental because of their attachment or emotions. Be sure you run your numbers before going this route. It might make more sense to go ahead and sell that home, and buy multiple rental properties that will perform better. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- How to Determine If You Should Invest Inside Retirement Accounts A self-directed IRA is a powerful tool for building your retirement accounts. But if you're young and aspiring to retire early, it probably doesn't make a lot of sense for you to open a self-directed IRA. The account would be better suited for someone who has old retirement funds that they could roll over. In order to retire early, you're going to want to calculate your Freedom Number and then build up a portfolio of properties that can generate cash flow as they're paid off. Why Leveraging Your Home Equity Can Be a Smart Strategy I love using a HELOC to buy rental properties. As long as you can get a decent interest rate and are in the situation to pay back the loan, I think this is a powerful way to build your portfolio. Most Americans are equity-rich, so putting that money to work can help you acquire performing assets. What to Consider About Investing in Europe Personally, I don't invest in Europe. Europe tends to be dependent on what is happening in the US. No matter where you choose to invest, focus on tangible commodities that will always be needed.

📺 Watch Next: The Best Ways to Buy Real Estate in 2024: https://bit.ly/3HDJwJm 📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- Real estate notes. Investing in notes is a real estate strategy that’s great for beginners, or anyone who wants to start earning quick returns. What is a real estate note? You might have also heard the term mortgage note or promissory note. When you invest in notes, you’re basically acting as the lender on a real estate deal. You can DIY notes, or you can invest in notes through a company like Connect Invest. Check out my link, https://morrisinvest.com/connect, if you’re interested in using this strategy. The barrier to entry is low, typically you can start with as little as $500 and the returns are in the 7.5-9% range. House hacking has always been a financially intelligent strategy for veterans or active-duty members who have access to a VA Loan. It’s also great for first time buyers who can take advantage of an FHA mortgage. And Fannie Mae’s new policy allows all borrowers to take a multifamily home loan for just 5% down in owner-occupied units. There are so many different ways you could make this work, and there’s no better way to get your foot in the door with real estate investing. House Hacking video: https://www.youtube.com/watch?v=quMj1qegozM Buying a rental property in a proven market. There’s no better investment than a piece of real estate. Where do I even start? Buying rental properties in a proven market is going to give you a recession resistant asset, a hedge against inflation, tax benefits, and so much more. However, making a smart investment is easier said than done. You’ll have to conduct market research, run the numbers, and do a lot of due diligence to make sure you’re making a profitable and sustainable investment. Precious metals. In my opinion, there’s never been a better time to ensure your wealth is protected. Incorporating precious metals like gold and silver into your portfolio is a great way to diversify. It’s worth noting that while buying precious metals like gold do not create cash flow, they are a hedge against inflation and the swings of the market. This might not be the right strategy for you if you’re a beginner or are looking to create passive income, but it’s something to keep in mind as you grow and preserve your wealth. There are multiple ways to invest in precious metals, including physical bullion, gold funds, and gold stocks. I’m not an expert on precious metals, but I do know of a few great resources: https://learmorris.com/ So there you have it – four smart ways to invest in 2024: real estate notes, buying a duplex to house hack, a strong rental property in a proven market, and precious metals.

📞 Ready to buy your first fully done for you rental property? Book a free call with us: https://morrisinvest.com ❓Ask me a 30-second question at https://morrisinvest.com/clayton 📺 Watch Next: How to Create Your Personalized Path to Financial Freedom: https://bit.ly/392kAsB 🏠 What's Your Freedom Number? Download our free PDF to help you determine how many rental properties you would need to achieve financial freedom: https://morrisinvest.com/freedom 💵 Ready to get your finances in order? Download the FREE 90-Day Financial Empowerment Bootcamp: https://morrisinvest.com/bootcamp 🎓 Want to learn more about creating your individualized plan to wealth with a proven system? Join us in Financial Freedom Academy: https://financialfreedomacademy.com 👨🏻‍💻 Sign Up for My Webinar: https://morrisinvest.com/webinar ----------------- What to Do with a Property That Needs Excessive Repairs In general, I think it’s always smart to be paying attention to your portfolio and keeping an eye out for any properties that are causing you problems. However, if it’s a problem with repairs, I think this can easily be fixed. It’s a matter of outsourcing. Work with a property management team and a contractor to get the job done. Let’s reframe this. Pretend you own 100s of properties. Would you be struggling with this one repair? Absolutely not. You’d delegate and get it taken care of. How to Turn Your Primary Home Into a Rental Property In this case, since you’ve got a low interest rate and a great mortgage product, I think you can make this work! I would hand the keys over to a property management team and make sure you’re getting a great tenant. From there, you can tap into that equity and build out your portfolio. The only thing you’ll need to consider in this situation is if you want to invest in California. It’s more expensive and it’s not a landlord friendly state. Not necessarily a deal breaker for this one property, but personally I’d be looking to expand into different states. The Rules on Using Property Inside Your Self-Directed IRA Unfortunately you cannot live inside a property owned by your self-directed IRA. This would be self-dealing and is against the IRS rules. You may be able to transfer ownership after retirement, but you’d need to consult your custodian and attorney.