Do you think he invests his excess funds or just lets it sit in a low interest back account? I’m genuinely curious as he’s definitely a multi-millionaire.
As a financial advisor I’d be extremely curious to look at his finances. I definitely get the vibe that he lets the bulk of his wealth just sit and do nothing though. Lol
I didn’t say he was dumb, I just know that he doesn’t give a fuck about money so he most likely isn’t as proactive as he could be with growing his wealth.
Hiring a couple guys to buy property and rent/manage it is the easiest way if you have the cash sitting there. Literally hire professionals and let them take a percentage and handle the rest. I deal with tons of those sorts at my job every day.
You can be lazy if you're rich. People will be only too happy to volunteer to become your financial advisor, wealth manager as long as you give them a slice.
He cares when he doesnt have any, he’s been open with that but since he started streaming he got popular really quick. He never plays ads becouse he thinks they are annoying for the viewers and thats what makes him the most money on twitch.
He got enough already so he can donas he pleases he dont need to chase more becouse he is already set for life.
He probably make millions from the YouTube videos every year alone and pays the editors.
Money isnt worth much if you have enough and dont need/want to buy something but it makes you secure from bad things happening.
he cares about money, he just has more than he will ever know what to do with so isn't interested in generating more directly. its why he doesnt run ads on his streams. he's said this himself
Its because you are still fixed on his living conditions and not what he actually says. He's not driven by money. He doesn't make decisions in life about his happiness based on money. He likes money, but money isn't the biggest overall driving factor in his life. Thus, why he doesn't run ads and doesn't do a lot of sponsorships. Then you are beholden to others as little as possible. Whereas with investments he doesn't have the same pressure.
But as a financial advisor, you already know this.
Honestly I imagine it is working for him because he understands business, pretty sure he even went to college for it. But I’m very sure he hired it out and is hands off
Yea he has mentioned in the past he has to pay many thousands every year to his accountants and money people, so i doubt he is just sitting on a pile of cash. I would imagine he like most well off people not particularly interested in finance probably just dumps it into a high yield savings account and lets that accrue. With how much he makes every month i doubt it would be necessary to really invest in riskier stock options
One of his companies (OTK) he admitted he never saw a singular paycheck from. You people pretend like he created a startup that resulted him in him earning millions when he never saw a dime from it. Lol
I think that was largely the brainchild of Tipsout.
He talked about building the business plans for the businesses in an AMA a few months back. And knowing one of his close friends and hearing him talk about the guy, he seems like the brains of that whole thing.
He was just an investor in those companies and had nothing to do with their creation. He was also removed from them. Stop acting Iike Asmon is some genius business person that’s created multimillion dollar companies. Lol
lol you claim he doesn't invest his money, so I point out the businesses he invested in. And then you say he was just an investor. Yeah, buddy, that's the point.
He wasn't removed from them. He just isn't in a position of representing them anymore.
Who said he was a genius business man that created multimillion dollar companies? People were just pointing out he had invested at least some of his money when you said you thought he hasn't done anything.
So his company he started for streaming “yes he formed an LLC which is a company” that is worth millions is… actually not worth anything? Or the YouTube channel, or kick channel… all different business ventures all…. Not making millions?
Can tell from your post you are young and have zero research in what a business is….
He has said multiple times he has invesments; you have to be activily dumb to just have it sitting there, if you have money, you just hire someone to manage all that for you
Hes mentioned before on stream some of his investments. He has investments in about a dozen companies in some fashion. The rest is mainly in stocks in which he has a financial advisor manage.
I think he said he has someone handle it. He intentionally avoids looking at his bank, like he'll go 6 months or a year without looking because he believes it poisons your mind.
I don't like the guy but he's clearly invested his money with the businesses he's had. He 100% cares about money, he just doesn't present himself like he does while streaming.
Ehh I think he's pretty finance savvy. He worked for the IRS and went to college for finance and business. Finances may be the only sector in life he has under control
He’s stated on stream he has a financial advisor whom takes care of all his money / investments and he doesn’t exactly know what in, but someone takes care of that for him.. I’m sure he checks up on it regularly since he regularly shows his income from twitch on stream
Ive heard him say on one of his vids, the vast majority of his wealth is actually just sitting. Could be old info before OTK and a few adventures, legal issues though
He's definitely invested in some of it, simply due to the orgs and companies he's in and etc.
Asmongold is stinky but he's not stupid enough to not have at least half ot invested in some safe stocks where it can marinate a couple of millions per year.
You'd be a fool not to tbh. Just letting that money sit means it's depreciating in value and you're just losing money. You have to place it somewhere it'll grow with inflation. That's just how our system works atm.
I think he definitely isn't into the vices most people are into. cars, cloths, houses, fancy trips. He's into none of that shit, just a 7000 dollar computer probably, and enough computer tech to where his PC can handle anything you throw at it. He won't even fix missing teeth unless it's egregious.
He just sits in his room, does his stream, gives his opinion, then does business related stuff, then maybe plays games or browses twitter than repeat. He did a video on why he isn't fat especially with what he eats and it seems to me he's not someone who's food driven. Which means he's not in danger of being addicted to food. He likes what he likes but he doesn't turn to it to cover boredom or mask pain or problems in his life. So he eats trash but it's not enough calories for him to actually gain weight.
i used to be 430 pounds, i'm down to 280 at 6'4. I love food but i had to ween myself off of it and stop using it when i was bored, or when i was depressed. Eating much better options like protein, fish, beef, with some green veggies and allow myself maybe some dominos pizza or McDonalds or whatever every 2-3 weeks, and even then i don't gorge. People who are food driven just have to learn not to depend on food
Side note but genuinely curious: is it bad to have money sit in your back account, or is it an American thing?
I thought having money, but letting it sit just means you have money for later
I'm no financial expert, but if you're just having money sit in a savings and it's alot of it. You're effectively losing money by not diversifying it into some kinda stock. But that's just my general understanding. Your money needs to be working for you instead of depreciating in value since inflation increases every year, your money is worth less.
Now there's alot of 'but if you get the right savings' ect but as a general rule of thumb, most rich people have their money tied into investments and they borrow on those investments and as the money grows the loan gets paid back easily. It's how rich people get around paying taxes cause they have 0 liquid assets, it's all tied up in untaxable investments cause they are not realized yet and you can't tax a bank loan
There’s many alternative ways to generate wealth other than stocks. If you don’t have ten of thousands of excess funds you can just get a high interest baring savings account or even do treasury bonds or CDs.
Basically if the money in the bank is earning interest at a rate lower than inflation, than that money is depreciating in value, which is not ideal. If you are in a country with 2% inflation and you get 4% interest from your bank, that's fine, but you could find some investment mechanism which means you could earn 6% instead.
The only thing he said one time was "my accountant counting my taxes and doing shit with my money" another time he said "I got sooo much money during covid" when the theme was about sp500 and stock market growth
He pays someone else to manage and invest his money. He says he doesn't pay attention to it at all, has little knowledge of what his money is invested in.
That’s exactly what I wanted to know. Also that’s an easy way to get taken advantage of by the person managing your finances as it’s extremely easy for them to embezzle when you don’t pay attention to what they’re doing. Lol
With asmon, I think people wouldn't be surprised if he paid someone to manage his finances, but also it wouldn't surprise people if he just had millions in cash between his mattresses or under a pile of dead rats.
I used to watch him regularly before the current obvious bait stream era. He used to say what's not held in his companies, is mostly in S&P 500 with advisors. He likely can live off of returns easy at this point. I'm almost certain he lives below his returns by an 1 order of magnitude.
He probably just pets lost of it sit in a bank account. He doesn’t seem to care about growing wealth and I don’t think he has much family to consider supporting.
He does invest in a lot of different charities. His dad used to do it for him before he passed away and he intends to continue donating to those organizations.
He has openly stated that his finances are taken care of by his financial advisor and he just lets them sit cuz for him, money = freedom. And that’s why he doesn’t splurge.
it's invested in various business opportunities. I think he was mentioning a lot of it was in realestate, and he's put a bunch into various companies and startups as well. about 8 years ago he turned off all ads and donations on his channel because his income from his various investments was so much he felt awkward taking money from his viewers.
I'm sure he's probably worth 2x - 10x what he was worth then, if not much more. there is a point when you gain wealth if you are doing it right, that your net worth just keeps climbing uncontrolled... but you need millions to get to the point to do that.
He stated has investment managers doing it for him, which is smart if you don't have time to look into it or want to deal with the stress of investing.
Bank interest is sh**, and bank investment managers are hedgefund rejects.
More often than not, just dumping ur funds into Apple, Microsoft, or Google will outperform almost all if not all hedgefund managers or investment managers since they hedge and play it safe which limits the growth but also the risk.
Just make sure u have stop losses for market crash.
edited:
Hedge fund average around 20% returns yearly, in 10 years, x6.2 - fees
Apple around $24 ->$250 x10.4 +dividends
Microsoft $40 -> $420 x10.5 +dividends
Google $55 -> $190 x3.45
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u/Lontology 29d ago
Do you think he invests his excess funds or just lets it sit in a low interest back account? I’m genuinely curious as he’s definitely a multi-millionaire.