What is a 401K - Young Hustlers

401K’s are not ok. Who’s got your money? You don’t want Wall Street having it. They created the 401K and are supported by politicians. They want your money now while you are young, so they make a pitch to the middle class to get people to give every month and keep your money for the next 40 years. You don’t need to go to Wikileaks to find all scams. To invest with somebody like Grant in real estate, they won’t let you because they made laws so that you have to make 200K a year first. They will let anybody invest with Wall Street though. The 401K gives no cash flow! You’re trapped. 2.8 trillion dollars are trapped in 401K’s, and people don’t even know who they are sending their money to. Would you give a stranger on the street corner money? It can be wiped out overnight, people lose 30% of their savings just like that. Don’t do 401K’s for three reasons: 1.You lose access to your money 2.You lose control of your money 3.You lose choices with your money

Comments

1. so what are alternatives to 401ks? if I have less than 50k, is that enough to start investing in real estate?
2. jarred gotta start pumping some iron and doing more Abs he's looking Chubby.
3. His net-worth explains that he clearly knows what he is talking about. Most ppl net-worth doesn't top yours Grant!!! :)
4. If I'm not putting money in a 401k where should I be putting it? I mean I just got mine and have only about 1,000 in it. Like you said that's chump change
5. when i was in college i always thought it was fucked up that i paid them to teach me and I was failing and they didnt give a fuck. must be why I never finished.
6. I agree most 401ks are bad, but for solo entrepreneurs getting started, a solo 401k isn't bad if you like gold. I maintain control and tax benefits are good. I serve as the trustee.
7. My man Jarrod with the Biggie lyrics!! 😂
8. No way in HELL DO YOU GUYS PAY $10 A SHIRT AND CHARGE $10..I SOURCE APPAREL THOSE SHIRTS COST YOU $2-$3 MAX..MAX!..love the show but thats some bs GRANT and you should know better than to try and pull some crap like that .I think selling that at $10 is great but don't sit there and say your LOOSING $..your losing credibility cause im not the only one who knows thats some BS.
9. Where is my money men!!? Where is my money? hahahaha love this guy
10. When you withdraw before age 59 and 1/2 you have to pay federal income tax on that amount plus an additional 10% early withdrawal penalty. FYI
11. Well done Uncle G
12. What happens to Jarrods money when the market drops (as it will), rent falls, suddenly you can no longer service the mortgage by using the rent. The whole gig is no longer profitable under the mortgages you are locked into, so you have to default. What happens to Jarrods investment then?
13. Uncle G u are the best and i love your ideas and materials.
    
    Grant, i am so inspired to commit to my sales career since i start reasing your books and listening to u.
    
    Thanks
    
    Joseph
14. I didn't see the alternative solutions to help you invest your money or avoid being tax at 28%+. That's just a headache when you make more than $100k and try to keep your cash flow flexible
15. So don't buy a house??
16. Uncle G has bigger biceps!!!
17. Gerard is better for the show and works better with Grant's style than the airplane pilot does. The airplane pilot is more reserved. Gerard and Grant together gets you hyped to make a move on real estate and your future!
18. Thanks for the advice
19. 28:19 They were like Wtf is he saying? Facial expressions had me rolling XD LOL. I couldn't understand a word he was saying either all I herd was consultant business. By the way those are some badass T-shirts.
20. true. true. true.