Monkeynomics 101: Debt Isn't Wealth

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T.F. Monkey
T.F. Monkey
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Published on 23 Dec 2019 / In People & Blogs
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bobsmith
bobsmith 7 months ago

um, do you know anything about breaking even or somewhat close to even by having a mortgage but renting the house to pay for it like is this really stupid for a reason I don't know or is it not worth the effort or what? I know next to nothing about investing but I am trying to learn.

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Lucifer333
Lucifer333 10 months ago

The dude is describing a typical **total return swap** "https://www.investopedia.com/a....rticles/investing/05

Basicly he is exchanging 2 cashflows a fixed rate (mortage rate payed over 20 years) vs a floating rate (income from renting the real estate)

Here is a quote (the term "securities" can be replaced with any assetclass).

A total return swap gives an investor the benefits of owning securities, without actual ownership. A TRS is a contract between a total return payer and total return receiver. The payer usually pays the total return of agreed security to the receiver and receives a fixed/floating rate payment in exchange. The agreed (or referenced) security can be a bond, index, equity, loan, or commodity. The total return will include all generated income and capital appreciation.

So yes the PUA is right, only he is explaining it with a lot of sophism which is a shame, because it is a legit way of investing,

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Darthtickles
Darthtickles 10 months ago

The caller who this is responding to was just some cubicle jockey LARPing about being a millionaire real estate guy.

1) A 30 year fixed rate mortgage is going to have a high rate of interest that will eat the ass out of your rental income.

2) Banks aren't fucking stupid. They don't go around lending to every LLC like they're some standalone entity. They are going to look at your personal debt load and income, and I guarantee that mortgage to your LLC will be on your personal credit score. Furthermore, even if you get away with one mortgage on one LLC because you personally have good credit, they're going to cap that shit quick. You likely won't get 2, and you definitely won't get more than that.

This kind of "get-rich-quick" shit is aimed at lazy men 25-35 who think that theyre smarter than everyone else. Stop believing in this crap just because you can't handle reality. You can get rich, but you're either going to need to work really fucking hard or get lucky...or both.

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poisondave
poisondave 10 months ago

ok so basically ur monke??

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MrA_H0Ie
MrA_H0Ie 10 months ago

For my life I can't explain this to my own brother. This is simple, but some people just believe BS like it's religion about paying for mortgage being better than rent while investing in something good and later buy a house only when you can actually pay for it from your own money.

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Aeroshogun
Aeroshogun 10 months ago

Like I said, examples needed to be made. And you got the new Monkeynomics video you've always wanted!

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mustno3
mustno3 10 months ago

Bulldog mindset is a very well known anti-MGTOW PUA/MRA, a 1 min research into your guests would have immediately shown you that and you would have advised TFM before bringing him on the show. But noooooo, researching guests is very fucking hard.

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EsterGym
EsterGym 10 months ago

@mustno3: bullshit mindset was on the last show?

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mustno3
mustno3 10 months ago

@EsterGym: Yes, and it seems everyone knows who he is, except the one person whose only job is to know and vet people before bringing them on the show.

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Future_Wiz
Future_Wiz 10 months ago

@mustno3: @mustno3: I was the one that told Shogun that John wanted to come to the show. I told him he was a PUA life coach type guy. I told he most likely be against sex dolls. Shogun did the right thing by putting him on the show.I don't if you noticed but the show has not had very good guests or any at all for that matter recently. So then why would shogun care if the guest wasn't a yes man that would ride TFM dick. Echo chambers are boring. TFM likes talking to people that disagree with him. He goes out of his way to talk to people. Any one who says that it was a mistake to bring Bulldog mindset on the show is being intellectually dishonest.

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mustno3
mustno3 10 months ago

@Future_Wiz: Let's say I believe you, I believe that by a miraclulous coincidence the guy who proposed the guest read my original comment on this thread, and replied ... that assumption does not remove the fact that nothing in your comment refuted my original comment. I said Shogun didn't apparently do any research which you confirmed by showing that YOU did the research for him and he just accepted your proposal because he's lazy. The rest of your comment is irrelevant to my original. I didn't say anything about whether TFM likes yes people or not. What I said was, once again, Shogun didn't do his job correctly and was lazy, which you confirmed, and that on top of that he did not warn TFM of the background of this idiot before bringing the guest. TFM sounded taken by surprise by a well prepared guest (he even had an answer ready for the jailed PUA argument that TFM always uses and TFM was surprised by that). TFM sounded so angry compared to the very calm idiot debating him. Shogun did not do his job. Period. No idea why you're defending him. Even Halsey said on air that shogun took all of them by surprise with this anti-MGTOW guest.

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Soul Ice
Soul Ice 10 months ago

This.That.Hot-Fire.and 100% Factual!!!
That guy Bullshit Mindset was a smart guy speaking from complete ignorance in regards to Finance and Investing...Yet, worse he was a PUA selling pipe-dreams on all levels!!! If you have enough money for lube then go listen to his advice and hopefully the ********** you will take will not be so rough and hard!

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EsterGym
EsterGym 10 months ago

Women are debt, not wealth. Riskier asset of all, liability of your life. Specially when you dont own it.

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EsterGym
EsterGym 10 months ago

banks here dont lend you money to invest in stocks but in real state. Leverage in stocks is wayy more expensive. Not that i would be interested anyway.

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Future_Wiz
Future_Wiz 10 months ago

18:10 Wow this guy sounds like me! .... weird.

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magicono65
magicono65 10 months ago

It's funny because I think I know what specific channel some young guys are getting this idea that Leveraging debt is fine, as long as you are getting that rent cash-flow!

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OlDirtyBazturd
OlDirtyBazturd 10 months ago

It was worth enduring that idiot guest to have prompted this awesome teaching here!!!

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ImLiberated
ImLiberated 10 months ago

That 22yo baller kid with them 'pipedreams', really pissed you off, ain't that true monkey XD. Kidding aside, you nailed it as usual and this had to be said. Debt is the 2nd most abhorred word in my dictionary after equality. I live a minimalistic lifestyle to get rid of all my debts as soon as possible and start growing my actual 'net worth'. Just letting you know that your knowledge is being received by the right people and it is greatly benefiting them :) Keep saving lives !

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Feralpetrix
Feralpetrix 10 months ago

I cannot believe you have to say that. I haven't listened yet to the video but the title is already obvious.

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leansteak
leansteak 10 months ago

Good job monkey, good shit

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leansteak
leansteak 10 months ago

The guest led to some hilarity

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SeoulJack
SeoulJack 10 months ago

TFM explained it clearly about the Leveraging Debt.
The PUA Guest on the TFM Sunday Show trying to Sell his Investment Coaching B.S. subscription.... MGTOW...don't bite the bait....Don't go back on the Debt Plantation, Marriage Plantation.

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ImLiberated
ImLiberated 10 months ago

First !

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