Everything Joe Rare said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Joe Rare: Younger generations lack discipline and skills for high incomes
“These younger generation kids, they're not willing to pick it up and go somewhere cheaper. They're not willing to admit that they don't have the skill set. They don't have the discipline to go make the kind of money that they think they need to make.”
Joe Rare: US transition to CBDC will wipe out dollar wealth
“If they flip the US dollar into a, you know, a CBDC, right? That you're not going to get dollar for dollar exchange. They're not going to do it there. You're going to go, okay, well you have a million dollars and okay, great. We'll give you 500,000 dollars in …”
Joe Rare: Read 20 to 50 books before attempting passive income investing
“Until you go read 20 to 50 books on investing in various different, you know, markets and industries and so forth don't try to go get passive income. I don't think you're going to. I think you're going to go make stupid investments.”
Rare: Billionaires never sell cash-flow assets, holding them indefinitely
“Genuinely wealthy people, like we're talking billionaires, they don't sell their assets. They hold them forever, forever. And so when you look at Bitcoin, you look at any other crypto, you look at real estate holdings, you look at holding companies with other,…”
Joe Rare: Scaling startups to seven figures in weeks by making mistakes
“The reason that we're able to build multiple companies so fast and get them from zero to, you know, significant income to, you know, seven figures, you know, in, in weeks or months is just the fact that we will go make more mistakes faster than almost anybody …”
Joe Rare: Earning $500k in passive income is extremely difficult for almost anyone
“Well, I think it's really difficult to create half a million dollars in passive income. I mean, it's unbelievably difficult. And that's why almost nobody can do it.”
Joe Rare: Separate US households drastically inflate living costs versus multi-generational homes
“And for some reason in the United States, we have really gotten away from that and we are completely separate households, which make things way more expensive.”
Joe Rare: Earned income covers living expenses while passive income must be stacked
“Your earned income is what you live on. Your passive income is what you stack.”
Joe Rare: Passive income is impossible without massive front-end effort
“There is no such thing as passive income without front end, massive, massive effort.”
Joe Rare: Hidden tax benefits boost 9% real estate returns to 25%
“If you're making nine or 10% on a piece of real estate, that's cashflow, by the way, that, that isn't depreciation tax, you know you know, the benefits that you get for your taxes, you can end up taking a nine percent return on cash, cash on cash return. And y…”
Joe Rare: Bozeman median homes cost $800k with $7k monthly mortgages
“So the median home price in town is almost 800,000 dollars. Well, with eight percent interest rates, you are not purchasing that home and having less than a six or 7000 dollar a month mortgage payment.”
Joe Rare: 14 Simultaneous Flips Lost All Equity in 2008 Crash
“I had 14 properties at one time in construction for a fix and flip. By the time we were getting them finished, the market had already declined and it happened so fast that we lost all of the equity in the businesses.”
Joe Rare: Surrendered Eight Properties to Banks in 2009 Collapse
“I ended up giving eight properties back to the bank. We sold out of about six of them. I went down to zero back in oh nine to zero living with my sister.”
Joe Rare: Retaining Five Flips as Rentals Would Have Prevented Ruin
“If I just kept of the 20 something deals we did, if I had kept five of them, You know, and kept them all the way through and just collected a rent on them. And, you know, I would have been in a much different situation, you know, five, 10 years later.”
Joe Rare: Data resolution startup signed 50 clients in its first week
“We started a data resolution company and one of the things that we did was, okay, we have no name. We have no website. We ended up putting up just a landing page and I just went to you know, a group of prospects that, you know, might be interested in what we h…”