When Is The Right Time To Buy Your Dream Car? 6 Money Management Tips

When Is The Right Time To Buy Your Dream Car? 6 Money Management Tips

If you’re new to my channel, my name is Tony Stephan. I’m the founder and chief operator of Tony Stephan Enterprises (coaching & consulting), Stephan Group Real Estate Brokerage, and Tony Pro Investments (a family office, which is just a formal way of saying we invest our own money into multifamily real estate)

If this is your first time finding me, welcome!…Here’s a quick outline of how I got here and what this channel is about.

14 yrs old: My mother abruptly left our home, we filed chapter 7 bankruptcy, and had a few years of very hard times.
18 yrs old: I lost my mother. My dad taught me fitness as an outlet to manage the stress. I wanted to help others dealing with trauma or stress via fitness, so I became a certified personal trainer and made $6/session.
23 yrs old: I graduated from Wayne State with a degree in Dietetics and became a Registered Dietitian, I took a 100% commission job at Lifetime Fitness.
26 yrs old: I quit that job, charged up my credit card to hire a mentor, and started an online coaching business.
27 yrs old: I broke even on the year and had massive struggles.
28 yrs old: I made my first $1m profit.
29 yrs old: I grew that business to 1000’s of customers in 21 different countries and made multiple 7 figures at 90% margins.
30 yrs old: We bought our first rental property, a single family rental in Royal Oak MI.
31 yrs old: We bought our first 7 unit apartment for $660k. 1 year later it was worth $1m. The game completely changed. Watch the case study here: https://www.youtube.com/watch?v=-s8TqzrbhhA
32 yrs old: We launched The Stephan Group brokerage to help other people discover the power of small multifamily
33 yrs old: We completed 5, 100% cash out refinances on small multifamily deals. We decide to go ALL in on multifamily and build to 1000 units. That’s when I started this YouTube channel to help YOU buy your first small multifamily apartment deal.

Today: We currently own and operate 258 units of multifamily real estate on the road to 1000 units. This channel is about sharing our journey and helping YOU get in the game.

Reach out if there’s ever anything we can do for you.

Never quit and NEVER compromise on your dreams and goals.

Tony

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Ready to invest in real estate for true time and lifestyle freedom? I have a few easy steps...

1️⃣ GET THE TOOLS FOR SUCCESS:

Apply to work with me 1:1 in my coaching programs: https://tony-stephan.com/business-coaching/

GET MY MULTIFAMILY DEAL ANALYZER SPREADSHEET HERE: https://tony-stephan.com/multifamily-deal-analyzer/

2️⃣ HIRE MY TEAM at The Stephan Group Real Estate Brokerage to help you buy / sell / invest in real estate: https://stephangrouprealestate.com/

3️⃣ FREE RESOURCES:

Get my Multifamily Due Diligence Check list here: https://tony-stephan.com/multi-family-check-list/

Get my real estate investing BRRRR BLUEPRINT (how to BUY, REHAB, RENT, REFINANCE, and REPEAT for an INFINITE return with apartment buildings) https://tony-stephan.com/blueprint/

Grab my BRAND NEW BOOK The New Rules To Financial Freedom: https://tony-stephan.com/financial-freedom-ebook/

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WATCH NEXT:

Buying A 9 Unit Apartment With 5.5% Seller Financing: https://www.youtube.com/watch?v=UnkFkm7tGug&t=11s

How This Out Of State Investor Bought His First 12 Unit Multifamily Apartment: https://www.youtube.com/watch?v=-4EwGDH1hnA&t=6s

How To Buy Your First Multifamily Apartment Step By Step: https://www.youtube.com/watch?v=jsLsbNoU5C4&t=268s

I Made $250k In 1 Year On My 7 Unit Multifamily Apartment: Steal My Blueprint!: https://www.youtube.com/watch?v=ANfQRhmYVd0&t=305s

00:00 Intro
02:00 Why I bought a lamborghini
05:00 Delay the purchase
06:18 Invest first
07:11 Save up reserves first
08:08 Think net worth first
09:34 Buy a 4plex instead of a Lamborghini
10:00 Can you write it off?
12:45 Use investment income to pay for it
14:43 Only you can decide when you’re ready


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