Rich families in Asia they're not buying Nvidia or Bitcoin or Apple stock it's primary residence and this is Donald clip a dual citizen of the US on Hong Kong he's a renowned entrepreneur who's been living in Singapore for nearly 10 years Donal share why following geopolitics is crucial for making money the best investment opportunities in Asia and the us right now and his take on the Evergreen question should you rent or buy a house I'm Max chernof your Insider to the world of millionaire let's go I know that you follow geopolitics yeah that's the topic
that interests you why it matters for you why do you think it's important to follow what we feel as Citizens and I think maybe less so in Singapore because everything runs so well you know things don't get too expensive it doesn't you know there's too not too much crime there's no guns so Singapore is a managed outcome but things that you feel in society are at the end of the day the outcome of some decision somebody made in politics somewhere and why they made that decision has to do with a lot of circumstances all right
how they're negotiating importing wheat into the country or importing iron ore from Australia and you know to get more iron ore I have to do this favor for you and this favor for you but the stuff matters and inconsequence what may seem as inconsequential decisions could lead to to bigger problems I also find it's so fascinating like the amount of really smart people that are behind the scenes thinking and planning these things that doesn't get disseminated into the um public Arena too much I give you an example like in the politics if you watch the
debate and you know these Going Back and Forth Harris and Trump they talk about inflation but one thing is you know obviously with some conflicts in the world supply chain has been you know hampered um you know after Co supply went zero and then you had to adjust the supply chain but also you know money printing for the last since 2008 you know is averaging I think 8% a year which means that everything essentially is getting 8% more expensive every year yeah we can feel it but we can't understand why that is yeah right and
now you put real inflation on top of that and you're looking at things that are the rate at which the pric is going up is inflation but the rate at which you can buy less is dep pement of currency and you add that together and things are doubling in price every 3 four 5 years the biggest thing you can feel are like the the big ticket prices like homes but you can feel it in other areas as well you know people can't they complain about it cuz they feel it yeah but they don't understand why
and the only people they can blame is actually politics and so it's a problem right but if they can't uh you know governments what I've learned about governments is that governments along with little babies have the least tolerance of pain they'd rather nobody suffer and just keep on making everybody happy as long as they can okay what's the view in Singapore what's happening with Singapore and what's the like a short-term Trend like next 2 3 years coming from Hong Kong I experienc the full force of when China money wants to come in it comes in
big strong and everything gets expensive I think we saw that in in Singapore during Co but in a really short span and that already kind of disrupted a few things right real estate market the real estate market went up obviously you know a lot of like some bad money came into the system I always like was questioning if some bad money how you call it come from different count to Singapore is it good thing for economy or bad thing for economy it depends on your definition of good do the economic numbers improve of course more
money coming into the system uh but bad money is not good right I mean I'm not trying to justify this but we everybody goes through their own process of oh you know how do I report less maybe I report less you know this and I can pay less but um yeah the property Market went up really fast especially for the private condos of private properties I think a lot of wealthy Chinese became you know got citizenships here because they can bring value to the economy by either hiring people or bringing you know making their company
based here that brings value added um value added to the country and also some information uh they can bring to the country I met you know my my kids go to school at one of the international schools here and you know I always joke I'm from Hong Kong I can tell you when the Chinese come is because you'll wake up one day and there'll be 10 alphards the seven seaters and goes oh come on and now there's every day to school there's 10 to 20 alph Hearts trying to come in but I actually think it's
good right I think uh you know you're really I think on the last interview I said that Singapore really selects in its own way using Game Theory to select the kind of expat wants here it makes it really expensive to live here so you don't get you know if your middle income it's not cheap to live here so it's sort of more senior expats people that can really add to the economy however Singapore man manages this really well cuz they can put expensive taxes on uh properties and people will still pay so I think Singapore
is a little soft right now just because things went up so much probably unrealistic and now it's coming back and I think I think it's good I think the the world is a little weak right now and I think Singapore's you know it's not a bad thing you can tell that in Singapore these type of Cycles these downturns are very short because at the end of the day Singapore is a place where people want to come and it's a place that's growing I think the the the challenge might be is Singapore now is the place
for very wealthy people and they I think I'm not 100% sure but they try to keep the life of like lower class also okay like to control the prices to control the like food prices and stuff but the I see here and there that the middle class like experts typical experts some of them are suffering some of them decide to leave M either to home country or many of them actually to just neighbor countries like Thailand Indonesia Malaysia I have friends uh that have moved it's because also you come here you you're if you're an
expat you're here because of a few reasons one you want to see the world you want to live here you want your kids to be around Multicultural uh environment you want to go travel to Bali and Thailand and Nepal and get all those things done and you want to save money right those three things and if you can't save money then the reason to be here is not you know okay you can still meet interesting people and stuff but if you can't pay to live here you can't afford to live here then you know it's
tough so I think that middle VP level uh person in an international company once you have a kid it becomes really expensive I actually think it may be a problem down the road because a lot of these things you can't suppress for too long it's like the Hunger Games you can't really suppress for so long I just had to fix my my car I have a Tesla I had to go pick it up at the repair center and it took me like it took like 2 hours and they said why don't you go downstairs and
go to the H the Hawker Center I'm like okay right so I go down one of the rare times I'll eat like really you know like greasy noodles and chocolate toil and it was like six bucks and we we were like super far away like I don't know what area but I can't remember and I thought to myself how do how can people for for this like you know like you say like the average person if I'm paying $150 for copy o and I have to now pay 175 yeah it's a big increase yeah yeah
I think there'll be some noise but not anytime soon I think people when people make money but once people start to not make money and can't afford to live here the the local community then it becomes then uh there'll be angst and there'll be more people complaining and stuff but so far it hasn't not an issue yeah yeah the X pass for sure I don't think it's a purely problem of Singapore it's a problem of the current world mhm right now in the big cities we just talked to our relatives living in London and it's
not even London it's like 20 30 kilm from London away to the west and they actually spend more their monthly they also have two kids like us they the monthly budgets is actually larger than ours and we thought the opposite we thought we probably spend Singapore more but actually spent more living there before you know you've got you've got input of money and you've got you know you've got output you know input before people just worked one job like in the 80s I mean not this is not a a comment about man or woman but
really in the 70s or ' 80s the structure was the husband worked the mother stayed at home take care of the kids but cost of living slowly went up wages didn't go up the mother went into the workforce and you can kind of see that happening and now the trend is it's not just one income now I the world is has different a Avenues to earn income you can do YouTubes you can do drop shipping on Amazon you could trade crypto so that's really cool right but not everybody is like that right not everybody is
as mentally flexible as you are but you can explore different things I think yeah it's it's getting really expensive and I think I don't see any uh quick remedy not every place is like Singapore I mean Singapore is just so well thought out basically Singapore right from the beginning said basic human Necessities housing and food I got your back right you want to work harder and hustle you're going to get the other stuff the juice the gravy on top you're going to get the private housing you can buy a car but housing and food we're
going to keep it low for you and we're going to provide that for you if you look at you know London Australia the US that we're really intimate with housing is except for Council housing in the UK when Thatcher was there these big countries housing is through private developers and so if you think about these are all listed companies why would I want to go out and why do I need to do your job like why do I need to go build a million homes nobody can afford it anyway and then my share price will
drop you know who's going to end up buying it the big institutions are going to end up buying it anyway right that's also not good for the economy So It's tricky at the moment I I find it fascinating but you know it's also unfortunately we tell U part of our sales pitch is that in the US and I think in other countries you know the US is I feel has no choice to be moved towards something like Europe where you're just renting you know it's not a bad thing you know part of owning a home
is this PR effort of the American dream but it's not necessary right you know you don't you can feel good about yourself for renting in fact a lot of billionaires now prefer to be asset light and not not owned uh but I think that's the trend the good thing is if you can afford to be a landlord because of lack of supply around the world you just end up making more money because the rental y will slowly go up cuz people have to you know people have to rent when I was in China recently my
biggest challenge was finding my way around without reliable internet I would have been completely lost but with ses E I felt safe and calm and my trip went so smoothly and I'm really thankful to s for the great product and supporting this video to stay connected and secure abroad just download the app from the app store or Google Play create an account and browse through their affordable e plant for over 180 countries then use my code Max at check out for an exclusive 15% discount once you've done that follow the simple steps to set up
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description below do you know this Flags theory that you have one country have passport from one the several countries have residencies the country that where you pay taxes and then physically you based and some other you heard about this Theory what's your thoughts on it because like people I know actually like some of my friends they they Arbitrage this this lifestyle yeah so I will say I'm going to I'm going to I'm going to give you two answers one is my making money hat and one my my Civic responsib ibility hat the civic responsibility hat
is that is taking advantage of loopholes so you pay less taxes that's at the end of the day is paying less taxes and you want to hedge yourself in case something happens in your own country right that's usually the case the trouble when you do things like that is that it becomes a slippery slope because at the end of the day societies need you to belong like Singapore does a better job of that than I think most countries like people ain't giving up Singapore so they can get a golden Visa in Portugal like maybe some
right but you know once you go down that road it means you don't really care about your country right because you you're open to you know other things which is fine now on a making money standpoint I think if the market gives you these opportunities why not because you have to look after your family if I'm living in you know we don't have to name names but many countries in the world right now you kind of have to go to bed a little worried because you don't you don't know what's going to happen the next
day so if you can get a golden Visa in Portugal or Spain or Dubai why not when I was you know early on in my career you know I actually worked for the largest family office uh in Asia at the time it was the founder of duty-free shopping and he had a family office in Hong Kong and uh he Robert Miller made money by selling his business to dutyfree shopping to Louis Vuitton you know it's a really super famous story uh but back then it was you know you kind of had one family office but
now people have multiple jurisdictions like they'll have a a US trust for us things they'll set up a family office in you know Singapore and then Dubai they'll have a booking Center in Hong Kong like you know so it's a lot more flexible but I guess yeah why not you know at the end of the day if the Market's going to give you this opportunity you should take advantage of it did something really interesting so we uh it turned out one of my friends which I didn't know at the time you know sometimes you friends
you don't really know they tell you what they do but you don't really know what they do it turns out he has a fund that offers golden Visas so when you go to get a golden Visa you pay the money it actually goes into his fund and it's like registered by the you know Ma you know he has an Mas license but it's it owns a Portuguese uh VC fund but anyhow so listen say I buy a real estate for half a mill there no longer real estate you invest into a fund so he runs
the fund ah there are these things as well yeah the font thing so half a million euro you get residency along with your uh family members but what was interesting was I was like talking to him like how can I help and you know we did a quick video uh with him was really fascinating to me but this guy had a house that he he and the share price you know the the home price had gone up he had no debt on it and he pulled out Equity of the home €500,000 to buy the golden
visa and I thought well that was pretty interesting maybe I might pitch that idea uh to other other people but um through your company he did yeah yeah he did he did you know my wife before she came became Singaporean uh had a Filipino passport and it's a real problem traveling you know you have to get shenen Visa in Europe you coming from a country that doesn't have too many issues traveling you underappreciate how many people in the world live in countries where they just can't freely travel it's actually most of the people yeah you
can say uh China plus India it's already 3 billion people yeah yeah recently I invested in whiskey Cs and if you ever thought about investing let me share with you my experience and who knows maybe soon we will half hour Cask sitting together somewhere in Scotland according to a global wealth and Trends report experts rank whiskey as one of the best alternative Investments unlike stocks and crypto whiskey Investments are more stable and they hold their value even in tough times thanks for their strong demand from wealthy buyers I did my investments through whiskey C club
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description and mention my name Max chernov for a special friends and family discount from Alexander and whiskey cast Club But be sure to do your research before making decisions it's not Financial advice I'm just sharing my experience take care and now back to the video some friend actually he lives in Portugal he's Ukrainian living in Portugal for a long time but he has like few passports and he actually sell passports this his business like Caribbean passports Vu this kind of thing and he was like super successful in 2021 so at Co people realized that they
they can be screwed if they have only one passport and if the country is not doing well so 2021 the business went well and he also traveled the world like exploring now he's in Latin America so he actually applied for a few residences Chile residency Paraguay residency I think Brazilian also residency and then some of them he can convert to passport later on the road so how many passports does he have now he has like I don't know for sure but he has few and different residences all over the world so he's kind of thinking
about it his like libertarian uh philosophy some countries can get wild with their Like rules and regulations especially you have more risks if you are from bigger country bigger countries are normally stronger and then can be after you like let's say us do with the taxes but for us like everyone knows that it's it's already there but if you're from Australia Australia is actually discussing this some other countries I don't remember I think France also discussing it like to tax foreigners French citizens living outside of the country so you need to minimize your risks if
your country just get wild or your country get in trouble like the war thing that's happening right now in the world so that's why it's kind of oh okay maybe I hch my risks if I have different residencies different passports the thing is for singaporeans this probably doesn't sound right cuz the country is awesome people are patriotic Singapore doesn't allow to have your second citizenship and then the idea of like having like different CI different passports is kind of don't resonate I think with many people here but it depends where you from I guess no
totally agree you know Singapore even making it difficult for local singaporeans to go to International Schools I mean you you know it's it's very rare you have to there's some strings you have to pull but they have built in a system that you you cannot be unpatriotic and giving up your passport for another at the end of the day is a little bit of not it's more thinking for yourself and not be connecting to that country but you know I have three kind of nationalities uh I have a US passport a Hong Kong passport and
I'm a consider I have a Chinese National card I think that's a fairly unique um situation you know if I if one of those passports was the UK or Australia I may have given up my US Passport because of the tax issue but now that I'm uh working for myself and not for a bank I you know don't really make too much money so uh I don't declare too much money these are a lot of our clients these are clients that are international by Nature you know in Asia 30 to 40% of anybody that has
money in Asia that portfolio is in real estate so rich people and Rich families in Asia they're not buy buying Nvidia or Bitcoin or Apple stock it's primary residence and it's um you know buying real estate so you know I we've been doing these presentations and we kind of go into there are three types of real estate transactions one is trophy assets these are rich people toys you know I've got a place in Monaco in New York in the srop they leave them empty the other type is you know I buy it because maybe I
want my kids to go to school somewhere there there and the third type is just for investment purposes and almost always for investment purposes you always buy where you live so if I've made some money in Singapore I'm going to buy these new condo launches and the Market's been good Market goes up I make some money I sell buy some more everyone in the world is like that Hong Kong Australia KL Vietnam Manila everybody buys where they live and everybody's made money and everybody thinks that they're Warren Buffett but interest rates have been zero for
a very long time so everything's gone up in the new world where interest rates are a little higher buying a home and hoping the price goes up is not investing that's hoping that's gambling and I think that's becoming more clear so the excess the extra cash that people have to invest and they like property it's going to go to areas where there's cash flow like I'm I borrow money I got to pay this if I can earn every month a little more it's great there's not many countries like that right that's a free market now
Bali is great you know you can't get a mortgage rental yields are high but it's in Indonesian rupia and if you want to sell it's difficult and but it's a hot Market difficult to to you know if I had a b property I wanted to sell to you there's a little bit of you know process there's a process and also can I take my rupia out that quickly and also it's a RUP denominated rent it's not US Dollar rent but you know like any hot Market you know it could be hot for a long time
and Bali is great Dubai is super hot Dubai is takes all the boxes right now it's a free market it's super safe it's in between geographically Asia and Europe if you're Mega rich in some countries you can't flaunt your wealth because you don't want you know it's a little uncomfortable right well that's why they go to Dubai they buy the fancy car they wear the nice clothes and they eat at the nice restaurants and they just live the life that they want to live cuz they've worked so hard and made all this money somewhere and
the us as well like it's mindboggling you know and I think it's a big problem but I can see it unfold at how fast property prices are moving and how much people are still making despite rates going up and it's because of this Supply issue uh that I talked about earlier but yeah I think more more people like you know Asians like real estate so I may not want to buy here I'm going to go explore other places for as an investment in Australia Dubai us and that's exactly what you can help with yeah that's
exactly what we do um you know we we we are the world's only International real estate financing brokerage uh we started by figuring out that as more of the world gets more information they want to invest in different things there's a lot of cool things you can invest in crypto and real estate in Australia and the US and Dubai but financing hasn't been made Global so that was our the problem that we wanted to fix when we started the company in 2019 we do two things right two main areas of business one is uh somebody
sees a property overseas and they want to get a mortgage and the generally local banks do not lend on overseas property and overseas Banks don't advertise their mortgages so for example if you were in Spain and you tried to call BBVA in Madrid and you say my name is Mr limb from Singapore that that conversation won't last more than a minute right uh so we're trying to fix that problem you know bringing the mortgages here the other area is using your real estate for cash it's tapping into the home equity there's so much property that
has no debt because property prices have risen that when people need money for an investment for tuition you know say you have two kids going to college next year and you kind of forget about it and then suddenly it's like wait I need like a million us really quickly to put into the bank account as you know do all these things um for renovations for um a typical thing that we do is maybe an elderly couple in Singapore bought a home 20 years ago ago and now it's worth a lot of money their kids have
gone away from college gone away to college come back and being a nice Asian parent they say I want to buy two condos three condos son daughter and one for myself I go to the bank and the bank says well you're 7 years old we can't give you a mortgage what am I going to do I really want to buy these Condos for my kids they can't afford to buy it cuz they just started working so they come to us and we say Hey you know you have this home you want to sell it anyway
because you and your husband don't need to live in a 10,000 ft house so while you've put it up on the market to sell we'll pull out that equity in the form of cash and pay for those condos in in with cash and like I said earlier we had a client that did that with their us property to pay for the golden Visa in Portugal my business partner uh Robert who was on your show initially he's working on uh a Southeast Asian High net worth family that has three homes in La worth $60 million he's
left them empty and he didn't realize he can pull 70% of that Equity out now he's not borrowing $40 million but he's borrowing 20 and he's taking that cash bringing back to a Southeast Asian country to use towards his company so it's really interesting these are called bridging loans in in some countries in Singapore we're definitely the leader here we funded 500 million in the last year and a half a lot of these CL our clients are in tatler um they like us cuz you know quite low profile we're here to really fix a financial
requirement and we offer these in four markets us UK Singapore and Australia the major markets but Singapore has been a really good market for us it works for you if you need money fast otherwise you can just put your property on the market and then just get this money but within like few months the really super rich they have a different Social Circle than us they're flying private jets you know different conversations and often times it'll be hey Max my friend is selling his hotel in Australia it's worth 50 million but he's going through some
problems but he doesn't want his industry to know he's suffering he's willing to sell you the the hotel for $20 million but he needs the money in 3 weeks now people just don't have 30 million in cash sitting in the bank anymore I think more so now because you can earn they're buying short-term treasuries but what happens is that guy calls his banker and he says how much money do I have and he'll say you have 30 okay wire it to me and he says oh no no no you've got invested in this fund I
got to call my boss you cannot take money out of a private bank so easily because that's how they make money and so Singapore is a really unique case because the prop property prices are going up there's not much debt on a lot of these and you know these type of clients pull the cash out whatever they need the money for makees so much more money for them than the interest rates and what they use us for is one speed and certainty and really the high value right uh but the certainty is really important cuz
if you go to a a bank first of all banks don't do this but if you go to a bank you can waste three three four weeks and you're talking to not a decision maker you get to credit committee and deny your file and you've lost that investment opportunity so yeah so we do a lot of these clients clients are happy they're not really you know they're really in it for the the the speed you know they use it they do what they need to do with it after a year two years once they've reconciled
their investment or what they need to do with it they can they pay it back and then they can refinance through a bank loan because in Singapore it's floating anyway so you know you're always going to get that loan that bank loan at some point so this one is bridging and another one for four markets and another one is basically I live in Singapore I want to buy property in Japan or in Australia or in Hong Kong and you can help to that's right that's right it's normally I would have to say right now us
for sure us UK a actually we've been seeing less UK to be honest with you more you know lifestyle trades France Portugal Spain but I would say in terms of international Dubai is the busiest for us aside from the US of course is busy just because we focus on that market right here's an interesting statistic for you there are 800,000 asian-pacific Nationals right that means Asia including Japan I'm not sure if it includes Australia but I don't think so but that are studying at us universities including grad school that's that's double UK and Australia combined
so don't really understand it's that you know the US is still regardless of all the the guns and the politics and inflation and the homelessness people still want to go to school there when you make some money in your life you want to do three things you want to eat better food take better vacations and you want your kids to go to better schools than you and you know us just has more of those schools and it's true so so Dubai we actually have a team in Dubai kuram and his team are there for us
they handle all of our Dubai mortgages for forign investors yeah uh Dubai's great you know we really like it it's it's a really happening Market I think we spoke about this earlier I think Riad is going to be the next sort of hot area it'll be like Bali 10 years ago like nobody really heard about and then suddenly you know maybe B 20 years 10 years still booming so if we's say someone from our audience want to have this bridging in this four markets or they want to buy a real estate say it somewhere else
sure they can email you for sure for sure email me mention Max um we generated quite a lot of interest from the last call and you know there was a long list of people that we met with and spoke to so it was good but I mentioned Max and we'll give a discount on the closing cost yeah okay apart of the US market which this 8% yield what are the hot places here in Southeast Asia that's that has the potential I think you got to go Bali or Thailand period because Thailand everything works it's an
international City people recognize it people know it you don't have to you know if you want to get adventurous look at patay and hope it follows soon which I think maybe it will yeah Bali bali's also pretty hot right now I don't see it stopping as well I think the Bali will change like we were talking earlier it will no longer be let's spend three nights in seak and three nights in changu no it's like one week in changu and you don't leave one week in UB you don't leave one week uh but bali's bali's
great bali's turned into the ABA AA of Southeast Asia how you approach this in terms of Investments the passive income Investments versus the growing valuation uh Investments you need to have your own style it's like clothes right or I like Manchester United because they play a certain style I like Real Madrid because so you have to have your style there's no wrong style I am not a value investor like people like to buy value you know I'm not Warren Buffett I like to have really big views of the world right and think like as a
sector so I believe that we've got a bunch of debt and the only way that we can grow out of it is through technology and the only thing that actually is delivering growth is technology so anything technology I'm a big fan of AI Tech so all that stuff I follow closely Tesla Netflix Apple Microsoft I mean right now those are the only companies that you can invest in AI but they're just because AI is really about training the data models right now it hasn't we haven't even gone to the AI part where they can make
their own decisions and conclusions the inference there's a really good book called The Singularity is near which means that at some point technology becomes so powerful that it distorts a lot of our decisions right so I really believe in that and so hence I really believe in you know crypto and I believe in technology the other stuffs I I buy maybe on a 6 to 12 month view which is really more kind of commodity Psy cyclical stuff but I'll never ever buy a stock because it's like cheap it's just yeah not what I do you
know cuz I what's going to make it go up I don't know if I'm going to buy a a car company because it's cheap I'd rather buy Tesla and you know because it has a it's like a tech company that makes cars I try to buy as much crypto as I can really just Bitcoin ethereum and and salana I used to be a lot more active in it but I just believe in you've got a monetary system that's printing a lot of money and then you have off grid so it's good to take your money
from here and putting it off grid but so passive income I think you need to my wife and I are actually actively looking at building a passive income portfolio in the US right which is real estate because I just feel like we haven't moved the needle and Rental yields at 12 to 15% so average rental yields in the US are 8% it's unheard of nobody knows this if you take out California in New York because those are very unique places so what's happening in the world is in the US all the big companies are being
created in really one state which is California and maybe maybe Washington and when they become so big nobody can afford to live there mhm so they have to move their headquarters to basically four states which have no state taxes te or low state taxes Texas Florida Georgia you know maybe Washington and some parts of the Midwest and so you got all these people moving there and nobody can rent cuz the houses are expensive but they have to no can buy so they have to rent so it's a great time to be a landlord so we're
we're looking now but it's it's interesting just to see it unfold and you know you know who else knows this Blackstone if you Google institutional buying of single family homes the institutions are buying them as well cuz if you think about it Black Stone Black Stone what is Black Stone Black Stone Black Rock so there's black rock which is a is an ETF uh fund company and Blackstone is the world's largest private they they own everything yeah yeah it's one of these four companies that have the biggest they own everything right and so they know
what I know not because I'm probably because I I do the financing so I could see it this is a frightening statistic the last 10 years there's been 6 million more homes formed that means people who created a family and or living a home then homes built so there's a 6 to 7 million home shortage in the US if a developer said okay I'm going to build 7 million homes tomorrow who can afford to buy them AT3 4 $500,000 Blackstone so it'll be you me all my friends and Blackstone and the problem will be the
same there'll be no supply for people to buy and the rental yields will continue to go up so I think right now you really need to earn cash flow not capital appreciation because that is taxed so you generate cash flow when the price goes up so if it's 100 now it grows at 10% a year in 7 years you've doubled so in 7 years well probably sooner it's a 200 you come to me we pull out 70% of that in the form of a refinance so that is 140 you take in cash and you buy
more property so pretty soon after 5 years you haven't actually spent any money and you just earn cash flow and then in the US makes it easy to set up an LLC to make it super tax efficient to to and this is how all these rich billionaires play the game you know they use Smart debt to to to leverage themselves but yeah so in a nutshell technology crypto rental yielding properties it just so happens that the prices are going up as well but you want that cash flow yeah right you want that positive cash flow
and that's kind of how we look at it so currently in 2024 you believe more that you need to generate cash flow because also you don't know like what will be also to Hench the risks of the markets that you know that what's going to give us and then spend cash for it to generate new cash that's right that's right if you think about a housing shortage right the government right if you think about it can only affect demand they can't affect Supply maybe Singapore can a little bit right but Singapore affects Demand by saying
okay the Market's too hot I'm going to put absd in the US they can't force home builders to build cuz they're private companies there's no hdb in uh you know in the US right right you know so what they can say is okay you know increase taxes here or this this this or that right and and and so my point is in a world where things are uncertain the way to make money is you need to have a bunch of things that make you money that are not correlated with each other that means if this
goes down this doesn't go down and there really is only one thing right I mean one thing for sure is rental income is not going down cuz just lack of supply and too much demand so I can't see anything unless suddenly everybody in the US decides to go live with their parents when I was living in Hong Kong I never bought property and I'm regretting it right the property pric is you know skyrocketed a lot of my friends made money but it was always a little too expensive right that means I wouldn't have any money
to go out and you know buy buy drinks or go have fun but uh so I had to rent so rent as you we all know Hong Kong rent is the most expensive in the world I paid nearly half of my salary in rent and I made my my all my other stuff with my bonus but because my rent was so high it forced me to invest because I had no choice yeah right so if you think about what's happening in the world and in the US the rent is such a big portion of your
salary how are these people how are the average people making up for that they're doing side things this is why yeah only fans crypto trading Robin Hood Amazon YouTube and that's how economies change they're forced to do to make ends meet but the good thing about the world now is there's so many things you can do to kind of make money actually and that's what's happening so it's bad that you may NE a lot of people may never get to own a house but if you change your mindset to say well maybe a house isn't
the most important thing in the world right but for you and me as somebody that has excess cash to buy property to rent out to earn passive income there's no better time cuz what we know is if you can make a dollar today as long as you don't lose money if you can just make $1 profit you know in one year's time interest rates will be lower and rent will be going up so you can to make more money interesting take about the side hustles cuz I have a quite interesting example like with my previous
uh YouTube channel in Russian was about social media marketing so I had like few affiliate deals the services for let's say one Services it's called viq it's for like YouTubers so basically use this VQ thing to understand like competitors to check the the trainy topics and stuff so I promoted it on my previous YouTube channel and I started doing it maybe 5 6 years ago and it turned I don't do don't create content for that YouTube channel anymore but it turned out to be the Super stable small but very passive income for me so like
every month I get like the paycheck of 400 to 500 USD from VQ from that guys and it still like fascinates me like I have another like couple other examples how I made money through Affiliates deals there is a the website builder called Wix it was very popular before they advertise everywhere and we actually made like close to $100,000 through affiliate so basically we promote them on our sites and it fascinates me how working on this passive income so you need to be smart about it and see what technology can bring you this passive income
but then let's say you can from the Thailand apartment let's say I get 1,000 USD a month after minus all all the costs and then this one brings me the vq1 brings me 400 500 so it's already like 40 50% of the property which is quite expensive like $300 uh and here I just the passive income that generates not through the huge amount of money that I need to invest in the first place but through the technology so and that's the side hustles that people can utilize I think the concept cep and definition of income
is very different for already for you and especially for my kids my generation was you work at a place for 30 years you retire you have a pension and hopefully you made some good Investments buy some property and you can go retire you know now there's but there weren't that many ways to do this now there's so many ways you just have to be you know and this is kind of the issue you know with this this generation you know in these big countries where they only grew up doing one thing I built cars all
my life right they don't have this type of flexibility and now people there's so many cool things you could do I don't know how to do any of it I'm good at a few things but you know I know people are making lots of money doing things that you know even reading a book for audible you know people are making a few hundred bucks an hour yeah I know you started your YouTube channel hopefully when this video is published you also like start yeah yeah I have to get it out there I have to get
it out there I don't know if you participated I from time to time around this Workshop like YouTube uh fast track to passive income I do I do I've been meaning to sign up I'll sign up yeah so actually like there that's the I explained all the basics and like how you can make money through YouTube and like what niches what topics you can start with to actually start making money money and how to beat the algorithm it's like completely free 3 days Workshop I will leave a link for the next one in the comments
so maybe you sign up if it's something that you want to try like YouTube because like so many opportunities especially I'm a big believer on in YouTube I think it's the better platform than the others out there yeah yeah yeah and it's stickier it's stickier and it's also Evergreen like compared to Instagram and Tik Tok on YouTube the video the lifespan can be years so you can make money on the video that you posted like 5 years ago Instagram you post it's pretty much gone in the after a few days Tik Tok as well so
it's like every Green content also it's searchable other platforms are not searchable I enjoy our conversations every time I see you I mean it's just you have so much knowledge and experience and ideas about the world it's so cool how to be the person that others want to be around that's last question you need to be curious and the good thing about the world is there's I'm just naturally curious anyway but anything you it's so easy to go through down a rabbit hole of information because there's so much information but yeah thank you it was
a good compliment you're a really good uh interviewer were as well you're you're good to kind of guiding guiding things along but yeah man like it's it's a really cool time to be there's a lot of bad things going on but there's so much stuff happening access to information ways to make money you know things are moving fast and so you can kind of you know I do feel kind of a little bit bad for people that are like stuck in jobs that you know like Investment Banking or things where you're kind of like you
can't leave the job because the salary is so high but then you see like there's so much other stuff that I could do yeah but they can't because they're stuck on the the salary IV drip be curious and talk to people and listen to your podcast not podcast listen to your YouTube channel yeah you can call it podcast as well yeah but the important thing if you're watching or listen to this podcast you should be subscribed otherwise there is no no point so I'm a subscriber and I tell all my friends to subscribe I do
watch your videos it's just a I know that people watch this without subscription but we see the statistics it's like we have the returning audience and like 70% 80% watching without subscription like what the hell you're watching this video so they watch the whole thing don't subscribe the purpose of subscribing is they get a notification when you have a new you get notification and then there is more chance that YouTube will show you the videos of the channel that you like so that's why it makes sense if you like the content makes sense to be
subscribed also it helps us a lot we can sell brand deals for higher prices if we have more subscribers yeah yeah yeah y I mean it's it's a it's a form of media it's a form of you know product placement so you're doing a you're like my you know my uh I'm like super fascinated about all this stuff thanks so make your next trip easier with the eim by sing use my code Max for an exclusive 15% discount find the link in description and right here on the screen
