Why Smart People Still End Up House Poor

本站添加: 2026-05-30

[00:00:00]The thing is is like, you know, people like, "Oh, I can afford this house now."

[00:00:04]Or this is the house I think is like, "Oh, it's going to show that I worked hard for myself." And I thought that. I was like, you know, I want something I want to come home to. But then I thought to myself, you know, I'm smart with my money. I said, "What if something happens to me? What if my heart does go out, right? Cuz it could happen anytime.

[00:00:17]What if people stop watching my stream?

[00:00:19]You know what I mean? Like it's it's a live stream. People are going to get bored of this [ __ ] eventually or me or something. What is what's going to happen then? What's going to happen?"

[00:00:25]And I don't want to leave my family house poor because my wife, you know, she makes decent money, but not enough to you know, to to pay off that kind of money. So, I was like, you know, I don't need a giant house or a really big house because I need to understand that if something happens to me physically or or I pass out or pass away or I I lose my job or she loses her job and then they're stuck with, you know, this massive mortgage every month and property tax which assessments just went up and insurance, you know, and maintenance. Like I can't do that to my family.

[00:00:56]>> Yeah, but you could just use a uh uh life insurance and they could do that.

[00:00:59]That's >> not even that's not going to that's not what's not going to do. What if I don't die, but I get physically disabled and I can't I can't work as much. Or what if people stop watching my stream, right?

[00:01:08]Like you you know what I'm saying? Like there's there's things like that. I don't want to leave I don't want to [ __ ] up my family cuz you cuz you just I get paranoid cuz I come from poverty, but like, you know, it's like how about I I and I'm not going to get something small and shitty because that's not, you know, and we deserve to have better than that.

[00:01:23]We worked hard. But like I want to make sure I get that balance. I want to make sure I get that balance. And you know, it when you come to these big purchases, you always got to remember that a lot of people put themselves into house and car poor because they're excited the moment thinking, "I'm going to make this kind of money forever and I'm doing great and all of this like this, you know?" And you got to remember that. I'm not being a Debbie Downer. I'm explaining to you guys how this stuff works in your head.

[00:01:46]So, you're saying you getting a house to pay without a loan. Where I live, that's not the norm. No, no, no, no, no, no.

[00:01:50]You No. What I'm saying is is like because it's I'm not going to get into too much of it because it's just it's just it's repetitive, but like I I I make good income, but I also have a lot of expenses, but I still have enough because I trade, I have my revenue from that, my investing and stuff like that.

[00:02:04]So, I still have that. It's that buying more house than you really need only because you want to feel like I built this or this is what I deserve or I want people to think I live really well. If it's not what you really need and you're only paying for that aesthetic part of it, you're really giving up not only a lot of capital that you could be bettering your later life on, you're betting on that nothing bad happens.

[00:02:26]That you never get demoted, that the economy doesn't tank, that your investments don't tank, that your your house doesn't go under water, that you don't lose your job, you don't have a physical condition. If any of those things happen, you're [ __ ] You and your family are [ __ ] right? You're just you're living on that idea that this is always going to be the way. I'm not on the idea that this is all over for me tomorrow, but I'm also realistically that I'm 40, I have a serious medical terminal medical condition, you know, our kids are growing up. We got all these things happening and it's like I want a good house. I'm not going to buy a [ __ ] house. I love my family. I'll do anything for them. So, I'm going to make sure that the house is safe, that it's up-to-date, that that they've got, you know, good access, good schools. I mean, we we make sure that that we went and found the the best element two best elementary schools and we on a map and we overlapped it with the best middle school. High schools here are [ __ ] And we're we we found an area. And so, we're going to an area where they have that so we don't have to pay for private school, which saves us a lot of money or charter school. So, we did all that kind of thing. And I'm going to make sure that's happening. But like, do I need to buy a big ass [ __ ] house so I can be like, "Oh, look what I did. Everyone look at me." You know, I don't need that. I want a house that's big enough for them now plus the kids growing up, have a yard, have accessibility, make sure we're close to hospitals and and and and places to get food and stuff like that.

[00:03:36]You know, but at the same time, but you know, not be like, "Oh, I've got to have this giant house." Like, okay, is this and so I've been looking at the one we're looking at today and I'm thinking to myself if we go there and the interior looks nice, I don't have to replace the roof or any of the the things downstairs or like that and it looks good, I'm going to put an offer in because I've been waiting for the right house. There's some big-ass houses up there that that that that are beautiful and gorgeous. And I'm like, "Oh my god, I could get that one. I'll just have to do this." And oh, fine. Just that sponsor I turned down, just get another sponsor. It'll pay your thing. No. No. I I don't want to put my family in a position. You know what I'm saying?

[00:04:09]That's what I was trying to explain to people. A lot of these kids nowadays that are doing really good on streaming and stuff like that. Some of them are making money. Some of them are making generational wealth. But some of them are making really good money and they don't understand it's not going to last forever. And they're going to be in a [ __ ] up situation where they're either going to have to A, realize they're [ __ ] and completely sell out their soul to whatever can make them money. Or they're just going to run out and they're going to be like and then they're not going to be able to get a job because they've been out of the the marketplace for so long. You're being too smart with your money. Sometimes you need to just bite the bullet and trust.

[00:04:35]I don't think you understand. I'm not looking for a [ __ ] trailer. I'm just saying when I see a big-ass house that's got all this land and stuff like that.

[00:04:43]I'm like, "Oh man, I could afford that right now if I just streamed a little longer or took on a couple sponsors and it wouldn't be a problem." No, I don't want to do that. I I prefer and my wife is on the same boat. My wife is is insane when it comes to like like in a good way when it comes to spending. Like I've never met a woman who does not want to spend money on herself. And I hate it. I want to spend It took me 2 years to convince her to go with me to Victoria's Secret so I could watch her try on bras and buy them for her so she had new bras. You know what I mean? Like she's just like, "Oh, I'll just make it work. I'll just do like that." I'm like, "No, you know, like you know." She's like, "But I don't really need." I'm like, "It's okay. You know what I mean?"

[00:05:17]That's why the only thing she has ever said she wanted. The only thing she has ever said she wanted and she said it one time is that she wants a Porsche.

[00:05:26]And when we finally get a house and get settled and we're under that, I'm going to get that for her. One way or another.

[00:05:30]It's the only thing my wife has even mentioned that she wants in her life.

[00:05:34]I'm going to get it for her. She deserves it. She The only reason I'm sitting in front of you guys is cuz she said in in in better words, "You're [ __ ] stupid and crazy for doing this.

[00:05:44]But if anyone can do it, it's you. And I trust you." That's the only reason I'm streaming. I got clean cuz I wanted to be with that woman. You know what I mean? Like there's a lot of things, you know, that that that that that have happened and someone who does these things and puts up with me and like has been that rock for me, I would do anything for them. And so, you know, I want to make sure that we get a nice home and we do that and I'll get her her Porsche one day, but otherwise like I also want to take care of them because I know that something could happen. And I You know what I mean? And you got to remember that. So, you got to find that modern that middle ground. Also, think about this.

[00:06:22]The money you save not doing that, that's filling up the kids' 529s, that's taking vacations. A new study came out.

[00:06:28]They did a new study and it showed the results that the most lasting memories for kids, do you know what the most lasting memories for kids are? Family vacations they take between the ages of 5 and 10. I told you guys, you need to take your family vacations. It is the only time where you will spend 5 to 10 days continuously doing nothing but family together. No work, no school, no this, no that. It's just 12 to 15 hours a day of just family, family, family and that's it.

[00:06:57]So, I would rather save the money there and take the kids somewhere. You know what I mean? Like you can You know what I mean? Like Do you think the kids really care if their house has four bedrooms or seven bedrooms? But I've slowly upgraded in life. Like I'll give you an example. Look at this. From age 0 to 10, shack, no water, no electricity.

[00:07:13]Okay? Right? 10 to 18, Christian children's home.

[00:07:18]Right? So, I'm in a shack in Hawaii.

[00:07:21]It's It's up in the jungle. We're always sick. No running water, no electricity.

[00:07:26]Um We all I was always sick. Had lice, had worms, always whatever, right?

[00:07:30]Really bad. Beaten, bad abuse, the whole nine yards. We're taken to foster homes and [ __ ] Then I'm taken away from the home finally and put at children's home until I'm 18. Then I'm in the military.

[00:07:40]I'm living in the barracks. So now, I've gone from sharing a room in a children's home to sharing a bathroom. So now I've gone from a shack to a [ __ ] children's home. There's two kids in a room. Now, I'm sharing bathrooms. Now I've got my own place. After the military, right? I get out. I have to couch surf a little bit before I was going through the academy and [ __ ] like that. Then, I got my first studio. All right, so that was 18 to 22. 22 to 24, I had a studio apartment. Boom. I get my own place and my own bathroom. Then, from 25 to 27, two-bedroom apartment. Me and the girl I was dating and her cousin. Now I have a living room and a balcony. Then that happened. Then I was sleeping in the back of a broken-down car. Then I upgraded to an intake facility. It's kind of like being in the military again or in the children's home again. So this was age 30, 29 to 30. So now, I'm in an intake facility and I get I get clean. And then I get a job and I get back into a studio. And I'm in a studio from 30 to 33. So we're working our way back up. Then I move in with my my my ex-girlfriend, who's now my wife.

[00:08:56]So that was age 33. At age 34 to 35, we rented a full two-bedroom house together. 35, we bought the house. And at 40 years old, I'm about to own a two-bedroom house and buy a four-bedroom house. So I went from a broken-down shack.

[00:09:14]It wasn't broken-down. My mom was a hooker and and so she wasn't there. She was out getting [ __ ] [ __ ] so she could afford drugs. And my sister and I were sitting in a in a in a in a thing that had a tarp as a wall and a tin roof and it was always raining in Hawaii and we were always sick. There was mold growing on everything. We always, you know, we were taken out of the home for abuse and for neglect and all that [ __ ] And I get put into a children's home.

[00:09:35]And I spent eight years in a children's home with 12 other with 11 other boys in a in in this room or in this in this house. It was military style. I [ __ ] hated it. That's why I played so many sports.

[00:09:45]Then I go to the military. Now I get barracks.

[00:09:48]I get my own little tiny room sharing a bathroom with somebody next door. Then I get out and I have a I have a job. I get my own studio apartment. Then I meet somebody and we split a two-bedroom apartment. Then I obviously fall off and start all over again. Get a studio apartment. Meet my wife, my ex-girlfriend, but now she's my wife.

[00:10:05]And then eventually we combine our incomes, we get a one-bedroom apartment in Miami. And then we move out and we rent a home. And then we buy that home.

[00:10:13]And we continue to do what we do. We have kids, we have 529, and now we are going to own a four-bedroom home and rent out as of tomorrow our two-bedroom home.

[00:10:24]And I had to start over late. So, it's been a journey. But when you go through this, you remember what could happen and what the dangers are and why you have to be careful. So, when you say that because I'm becoming a landlord officially as of today, I'm a parasite and a leech and and and and you know, off of society, my thing what I say to you is I'm not a leech. I you know, this isn't being a leech. This is busting your ass, never giving up, continuing to work, everything kicks you in the nuts, the whole world is against you, but you keep fighting. You keep fighting and you do this. And I have gone from that to this.

[00:11:03]This is not you know, this is not bad for the world. Being a landlord and being able to but buying this small little home and then building a family in it and then being able to buy a bigger home as your family expands and then using this as a source of income, it's it it's part of that process. Now, in a few years when I own 40 of these properties and I I I I outsource them to some country, you know, halfway around the world, so when you call for help and you have a problem at the house, somebody picks up and you can't get their accent and then AI just tells you to go [ __ ] yourself.

[00:11:38]And then I just sit there and rake in the money, then yes, but I'm not there, so it still seems inspirational. And I'll use this same thing when I'm in that position to be like, "How dare you? Look what I went through."