Mathew Knowles on Making First Million, Benefits of Renting vs Owning Home (Part 5)



Watch Part 4: https://goo.gl/J2bh8b
Part 1: https://goo.gl/sJoaW2
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In this clip, Mathew Knowles detailed some of the financial moves that have helped him establish wealth. He discussed how a salon he and Tina started made them their first million dollars back in 1984. Mathew Knowles also discussed some of his new ventures and investments in e-learning and e-sports.

Later on, Mathew Knowles and DJ Vlad broke down the myth that becoming a homeowner is the route to establishing wealth. They both shared the benefits of renting for one’s primary home while Mathew Knowles did admit that he still owns rental properties.

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  1. Good to see this kind of discussion. Renting for the rest of your life can be good if you will have the money to pay rent for the rest of your life. If you're the average joe, having your home paid for, not having to pay rent or a mortgage at some point is the way to go to me

  2. Love Mr knowles knowledges or ideas on business he’s a smart man. A true standard for a black man looking for a role model that looks like him or for any man with ambition.

  3. I studyed and statred 2 successful businesses and I talk that problack shit heavy and at the same time still put that energy into my products which kept the money coming in ..

  4. First of all it is a lie to say that you are paying off interest on a home for the first 15 years of your mortgage, total lie. When you start paying off your mortgage a percentage goes towards your interest and a percentage goes towards the equity in the home. The equity is essentially the money that is being put towards the principal on the home, ie:what the home is worth. You can refinance your home and get that equity that you have built up in a lump sum check. I have seen people refinance their homes and get equity checks with in 3 to 5 years of owning your home, maybe this is an option for the extremely rich but for regular people OWN YOUR HOME!!!!! I also believe that Vladimir is saying this to make our younger generation not even interested in owning a home and have them thinking that renting a home for the rest of their lives is a viable option. OWN YOUR HOME!!!!! and if you sale your home it's basically like you have lived their for free because the portion of your payments that has been put toward the principal will be given back to you in an equity check. There are 3 things in America that as a man makes you a legitimate contributing member of society. 1. Paying Taxes 2. Having a Mortgage, and 3. Having a Wife. DON'T BE FOOLISH OWN YOUR HOME!!!!

  5. Working to Own vs Renting? That was some ass backward advice, I understand why they don't want to. Those men could not tell you were their lives would have them in 5 years (Very successful, constantly going state to state). It's an investment as with anything else, you have to be committed. If you did it once…..

  6. This was overall a great interview. However, I still think owning is better than renting. Owning is the mindset of our elders who had several children. They didn't just think for themselves. They wanted a house where if anything happened to any of the children or grand children they could have a place to stay until they got back on their feet. Or, use it as a rental property. For the average working man (not celebrity) ownership is the way. You can ensure your children and or their children have something to fall back on or use as passive income. Salute to Vlad and Mr. Knowles though for this interview.

  7. I’m confused, how can you own rental properties but not be a home owner? Wouldn’t the mere fact that you are an owner of rental properties make you a home owner in essence?

  8. YALL MORE FOCUSED ON HIS NOSE AND IM FOCUSED ON THE JEWELS THIS MAN DROPPING. THANKS VLAD. U BE PUTTING OUT SOME GOOD INFO AND BEST BELIEVE I'M TAKING NOTES. CAUSE SOON IMA BE WEALTHY, HEALTHY AND ENJOYING MY LIFE AND OUT OF THIS 9 TO 5 SLAVERY BULLSHIT!!

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