Thank you for watching! If you enjoyed this video, you should watch - If The Market Crashes, Do These 3 Things To Build Wealth: th-cam.com/video/EtJU1t-op3I/w-d-xo.html
I’m 47 and learned about dividend investing last year. Put in 10,000 and am getting 100 a month. Doing the more popular income ETFs that I’ve seen people discuss on TH-cam. Not investing advice. But I’ve got QYLD, RYLD, XYLD, DIVO, SCHD, O, ORC, DGRO, CLM, and CRF
I'm 53 and my husband and I started really late but we're trying to get it going as best we can. Our goal now is to get our kids prepared in the ways that we weren't.
I just turned 39. I started when I was 18-19, got serious mid 20s. It IS doable. I am not there just yet but close. My goals were for a high degree of comfort. Great stuff as always.
Great Great content, i luv it. Question if I want to buy a house for investment do I buy it as an investment property or personal home to live? This is if I want to rent it out.
I’m not trying to hate but What if the stock market falls or the company goes out of business, I think you should learn where to put your money then putting your money on anything, make no sense
I’ve found the best way to be “financially free” is hustling on active / semi-passive non-W-2 income sources. You can add some of your time to your money invested to get massive cash on cash returns (self managing Airbnb, internet business, etc). The moment you drop being slave to the paycheck is well worth the sweat on doing active investing, and then you can start getting truly passive once you have a solid base of active investments and no paycheck draining your time, energy, and creativity. It just requires a couple years of working super overtime to make it happen. I’m just not seeing how someone get get truly rich off a mix of only W-2 and dividend stock / passive long term rentals.
Never to old, to live below your means, save for a rainy day & enjoy the free beautiful things in life!!! Also, forward this video to the youth you know, so they will make better decisions about money earlier.💯
Love this!!! We plan on retiring in 5 years at age 42!! Just building assets and being wise with our money. We keep ourselves accountable by documenting our journey here on TH-cam! And we want to retire early to build our own businesses, volunteer and travel with our kids! Great video bro!! Keep them coming!!!
I know its risky but what I did to get a good chunk of cash to invest was sell my car for 16k and invested it. Years later I've accumulated close to a million and took a lesser paying job to work from home and live within my means. I'm really happy and satisfied with that at the age of 37 and feel as though I'm retired.
@@ccalcote9125 First was physical silver and gold then used a portion of that for 4 bedroom townhome which I lived in and rented rooms out. After I moved out it became a rental for me, I took the profits from the rental every month and bought crypto starting in 2017.
I am so grateful for you and your videos! I have spent my entire life taking all the wrong actions with money and cultivating bad financial habits. About a year ago I started down a new path, greatly assisted by information from you and a few other sources. I finally have something to show from my new direction and goals, thanks in large part to Minority Mindset! Thank you, and KEEP HUSTLIN
Even a $300,000 net worth can easily earn $20,000 year in interest or dividends. Not enough to live on but if someone were to obtain this goal by age 50 or earlier, they could double this by age 60-63 and retire well off.
The "flipping" of houses, and entry of large hedge funds into the housing market, have destroyed THE AMERICAN DREAM. We bought a starter home in Ft. Lauderdale back in 1977 for $34,000. It recently sold - after renovations and "upgrading" - for $300,000. This is ABSURD - and pricing young families out of the home market. We are seeing the fruition of a prediction - that our children & grandchildren will end up as TENANTS & HOMELESS, in the land their forefathers conquered !
With all due respect you don't understand all the Dynamics before stating that. Sure you bought a home in 1977 for 34,000 but if you just sold it for 300,000 that's combination of inflation and property appreciation. Plus last I checked Fort Lauderdale is one of the areas of the country where property values have gotten absolutely insane. Example I live in a fairly moderate Market, back in the early 1980s my dad bought a house in a working-class neighborhood for $6,000 in a small town, it was a duplex and we lived on one side and rented out the other side, but after fixing it ourselves to make it more livable and comfortable we ourselves only lived in there for a couple years before moving on, owning it for several years before my parents sold it off, but when it more recently sold at auction it sold for $120,000. That's 1986 to 2018 when it sold at that price. And the neighborhood has not really gone up if anything it's really gone down A LOT. Even with that, when my parents sold it they still turned around and sold it for $50,000 at that point back in 1994. But even in this market property values from then till now have dramatically increased. But at the same time incomes have also increased, although perhaps not nearly as much. Now the way some of these hedge funds have inflated the market with their actions, it is a little bit of an aberration. But I would not say that the American dream is destroyed. Might be a little harder in some areas, but I guarantee you it's alive and well elsewhere.
I believe Once people have at least $1.5M invested, their average return on investment will begin to exceed their household income. In other words, their invested money is working harder than they ever could, which creates lifestyle options that most people never get.
That's why a huge goal of mine is to hit the 1.5 marker as soon as possible. I started at 18 (now 29) so hopefully compounding does most of the heavy lifting, but the building process is a long one.
When you look at it that way it's completely possible. The first $100K is really hard. After that, compounding makes a huge difference, and keeps you motivated. Meanwhile, keep investing and don't touch the money. You will need to take major risk and invest time into whatever you want to do. I was able to net over $420k n profits in the last quarter from my diversified portfolio strategy, I'm planning for retirement at 65 but my initial thought process was based on retiring early and living off that the rest of my life.
I really acknowledge your comment, i started trading stocks recently but i have not been able to make much You seem to be doing very well for yourself, How did you achieve this?, I'd love to have a good retirement too
@@Jasonswood-ch2bb Actually there's no particular sector i focus on, I have my funds well diversified by using trad signals from a US regulated broke r ''Nina Dell Prosperi'' a US registered CFA who you might have heard about or seen in the CNBC news and tbh it's been a huge relief. Good earnings and little to no engagement at all on my part. Her stock picks are top notch, My aggressive portfolio has grown at a tremendous pace and I can tell you she's quite the genius in trading and portfolio diversification. Do a little r esearch on her
I miss the time when jaspreet made new content instead of recycling and compiling his old videos to make an hour video. Its good background noise though
@@Daniyoyo yeah...I do have some cash flowing mobiles that I rent out...I got some saved up want to buy some real estate but this Florida market is insane
i have been making losses trying to make profit trading crypto. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
Ideally a person needs to implement this lifestyle before age 35 (preferably before age 30) to allow time and compound interest to take effect to be independently wealthy before age 50.
To everyone who reads this: your desires are there to be experienced by you, otherwise they wouldn't even come to you. Things don't pop up in your mind for no reason. It's destiny and you will experience them. 🌟
@@steventabor8853 I started with ETFs and coke a cola stocks for dividends…that’s just me though and I’m gonna try some reits maybe you can look into that
That goes to show that money doesn't buy happiness. It does however give you the ability to pursue your passions even if they don't pay much/or at all. Waking up in the morning and saying "I get to go do this" vs "I'm required to go do this" is what my motivator for investing is.
I’m turning 42 this year and the last 5.5 years has been empty and a waste of time. Sure I got three cars and my condo paid off but still. It kinda sucks.
@@cherokeefit4248 Its time for you to pursue those goals where money is not needed. You have secured that onto the next. Travel, financial freedom and not having a 9-5 is not boring.
Thank you for watching! If you enjoyed this video, you should watch - If The Market Crashes, Do These 3 Things To Build Wealth: th-cam.com/video/EtJU1t-op3I/w-d-xo.html
As a Sikh, how do you reconcile the pursuit of wealth with the Sikh doctrines which discourage the pursuit of wealth?
I’m 47 and learned about dividend investing last year. Put in 10,000 and am getting 100 a month. Doing the more popular income ETFs that I’ve seen people discuss on TH-cam.
Not investing advice. But I’ve got QYLD, RYLD, XYLD, DIVO, SCHD, O, ORC, DGRO, CLM, and CRF
I have some AT&T and ENB
Thanks for the reminder and information.
I'm 53 and my husband and I started really late but we're trying to get it going as best we can. Our goal now is to get our kids prepared in the ways that we weren't.
I just turned 39. I started when I was 18-19, got serious mid 20s. It IS doable. I am not there just yet but close. My goals were for a high degree of comfort. Great stuff as always.
Good stuff. Having some financial independence/freedom in your early 40's sounds nice.
@@mannythompson8800 let’s hope!
Great Great content, i luv it. Question if I want to buy a house for investment do I buy it as an investment property or personal home to live? This is if I want to rent it out.
27:34 that is 300k net
I agree I’m 62 yr old trucker worth .5 million should be at least 5 mil.
I’m not trying to hate but What if the stock market falls or the company goes out of business, I think you should learn where to put your money then putting your money on anything, make no sense
I have a new car for my side hustles also my credit cards are for gasoline and I've got another job
Somebody wanna timestamp?
I’ve found the best way to be “financially free” is hustling on active / semi-passive non-W-2 income sources. You can add some of your time to your money invested to get massive cash on cash returns (self managing Airbnb, internet business, etc). The moment you drop being slave to the paycheck is well worth the sweat on doing active investing, and then you can start getting truly passive once you have a solid base of active investments and no paycheck draining your time, energy, and creativity. It just requires a couple years of working super overtime to make it happen. I’m just not seeing how someone get get truly rich off a mix of only W-2 and dividend stock / passive long term rentals.
Hey you're awesome Jaspreet, I love your videos.... but, the pink turban..? Cmon man
Sunday morning
How about if you are 62 years old? Anyway to expedite this process? Is this still possible or not at my age?
Too old, you are already at average retirement age of 60-65.
Never to old, to live below your means, save for a rainy day & enjoy the free beautiful things in life!!! Also, forward this video to the youth you know, so they will make better decisions about money earlier.💯
Should've done it 40 years ago
@@LGnLAI'm already living below my means with a wife on permanent disability fixed income. Your statement isn't helping at all.
@@handleyobusiness This is useful how?
Letsss gooo🔥🔥🔥
Love this!!! We plan on retiring in 5 years at age 42!! Just building assets and being wise with our money. We keep ourselves accountable by documenting our journey here on TH-cam! And we want to retire early to build our own businesses, volunteer and travel with our kids! Great video bro!! Keep them coming!!!
Congrats on 42! I'm 39, likely the same place.
yes
Every video seams repetitive anymore. Maybe start a new opening segmet. Something new to mix it up.
You say a penny is just a penny....in your videos" A penny per view" told you so
Investing in the stock market doesn't require good credit or high income..or a lot of capital
One word Defi
Rome is burning let’s get some residual income!
One of your best videos yet! Thanks and here's your extra gauc
A penny to view a video...either a penny saved is a penny earned or all those pennies to watch commercials are just a penny 20:25
Nice Paag, Paaji. Another great vid. 👍
I know its risky but what I did to get a good chunk of cash to invest was sell my car for 16k and invested it. Years later I've accumulated close to a million and took a lesser paying job to work from home and live within my means. I'm really happy and satisfied with that at the age of 37 and feel as though I'm retired.
That’s great!
Nicely done. Inspiring to say the least.
Hey what did you invest in?
@@ccalcote9125 First was physical silver and gold then used a portion of that for 4 bedroom townhome which I lived in and rented rooms out. After I moved out it became a rental for me, I took the profits from the rental every month and bought crypto starting in 2017.
Years later? How many years later?
How much was the first house that you bought as a realtor
I am so grateful for you and your videos! I have spent my entire life taking all the wrong actions with money and cultivating bad financial habits. About a year ago I started down a new path, greatly assisted by information from you and a few other sources. I finally have something to show from my new direction and goals, thanks in large part to Minority Mindset! Thank you, and KEEP HUSTLIN
The new Million is 3 Million now..
Love this video. Thanks for the wisdom, Jaspreet!
How about if you're 44 without any 🤑💰
Work 70-80 hrs week for the next 3-4 years and save $75,000-$100,000 and invest in dividend stock at an average yield of $6-7%.
Sell drugs
Even a $300,000 net worth can easily earn $20,000 year in interest or dividends. Not enough to live on but if someone were to obtain this goal by age 50 or earlier, they could double this by age 60-63 and retire well off.
Jokes on you, I'm already past 40.
.
.
.
.
.
.
😢 😭
Love it..I am 40 as well
I'm 21 and I'm working hard and I'm gonna retire at the age of 28 💥
Good luck!
Thats a good goal. Just don't be tempted and stray off the path.
Live frugally, work a lot, invest invest invest
I retired at 26 and get to play video games all day
where is the time travel machine? im 46 going on 47... or can you make another video my age range? =)
The "flipping" of houses, and entry of large hedge funds into the housing market, have destroyed THE AMERICAN DREAM.
We bought a starter home in Ft. Lauderdale back in 1977 for $34,000. It recently sold - after renovations and "upgrading" - for $300,000. This is ABSURD - and pricing young families out of the home market. We are seeing the fruition of a prediction - that our children & grandchildren will end up as TENANTS & HOMELESS, in the land their forefathers conquered !
With all due respect you don't understand all the Dynamics before stating that. Sure you bought a home in 1977 for 34,000 but if you just sold it for 300,000 that's combination of inflation and property appreciation. Plus last I checked Fort Lauderdale is one of the areas of the country where property values have gotten absolutely insane. Example I live in a fairly moderate Market, back in the early 1980s my dad bought a house in a working-class neighborhood for $6,000 in a small town, it was a duplex and we lived on one side and rented out the other side, but after fixing it ourselves to make it more livable and comfortable we ourselves only lived in there for a couple years before moving on, owning it for several years before my parents sold it off, but when it more recently sold at auction it sold for $120,000. That's 1986 to 2018 when it sold at that price. And the neighborhood has not really gone up if anything it's really gone down A LOT. Even with that, when my parents sold it they still turned around and sold it for $50,000 at that point back in 1994. But even in this market property values from then till now have dramatically increased. But at the same time incomes have also increased, although perhaps not nearly as much. Now the way some of these hedge funds have inflated the market with their actions, it is a little bit of an aberration. But I would not say that the American dream is destroyed. Might be a little harder in some areas, but I guarantee you it's alive and well elsewhere.
I believe Once people have at least $1.5M invested, their average return on investment will begin to exceed their household income. In other words, their invested money is working harder than they ever could, which creates lifestyle options that most people never get.
That's why a huge goal of mine is to hit the 1.5 marker as soon as possible. I started at 18 (now 29) so hopefully compounding does most of the heavy lifting, but the building process is a long one.
Great insight.
When you look at it that way it's completely possible. The first $100K is really hard. After that, compounding makes a huge difference, and keeps you motivated. Meanwhile, keep investing and don't touch the money. You will need to take major risk and invest time into whatever you want to do. I was able to net over $420k n profits in the last quarter from my diversified portfolio strategy, I'm planning for retirement at 65 but my initial thought process was based on retiring early and living off that the rest of my life.
I really acknowledge your comment, i started trading stocks recently but i have not been able to make much You seem to be doing very well for yourself, How did you achieve this?, I'd love to have a good retirement too
@@Jasonswood-ch2bb Actually there's no particular sector i focus on, I have my funds well diversified by using trad signals from a US regulated broke r ''Nina Dell Prosperi'' a US registered CFA who you might have heard about or seen in the CNBC news and tbh it's been a huge relief. Good earnings and little to no engagement at all on my part. Her stock picks are top notch, My aggressive portfolio has grown at a tremendous pace and I can tell you she's quite the genius in trading and portfolio diversification. Do a little r esearch on her
I'm 39.
I am too old for this video
Usually worms have a 4-8 yr life cycle
Never to old
I started investing at age 2 and just retired after middle school. Not ever working for the man.
I miss the time when jaspreet made new content instead of recycling and compiling his old videos to make an hour video. Its good background noise though
I'm 39. Guess this doesn't apply to me lol
Still possible, hit the lottery or windfall.
Start now - 10 years = extra 3k/month without problem - it speeds up over time
@@Daniyoyo yeah...I do have some cash flowing mobiles that I rent out...I got some saved up want to buy some real estate but this Florida market is insane
i have been making losses trying to make profit trading crypto. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade .
Dont sell at a loss, it will always return to a profit. Just have to be patient.
Jesus is coming back soon. 👍
sent 1980 years ago
Lol. Every generation thinks they are unique.
663rd...Thanks
👍🏾👍🏾
Ideally a person needs to implement this lifestyle before age 35 (preferably before age 30) to allow time and compound interest to take effect to be independently wealthy before age 50.
I started at 6 and retired at 18.
True, but you know what they say. Better late than never.
I’m 40 and I can’t retire yet!!
To everyone who reads this: your desires are there to be experienced by you, otherwise they wouldn't even come to you. Things don't pop up in your mind for no reason. It's destiny and you will experience them. 🌟
I’m already 40 so how can I retire my 50 😝
Well I'm 38 and don't have a lot of money but my question is could this work for me?
Yes - 10 years you still be below 50 and therefore get your ass moving
Well not to sound like a complete but does anyone have any recommendations on someone I could talk to about passive income?
@@steventabor8853 I started with ETFs and coke a cola stocks for dividends…that’s just me though and I’m gonna try some reits maybe you can look into that
@@steventabor8853 TH-cam just look up passive income - the most passive is dividend
@@steventabor8853 I did crypto.. Went from 20k to 350+ in 9 months. Making 2k a day. Would let anyone in.
In other words… better start investing when you turn 10!
I’m retired at 36 and make $5,500 a month but it’s an empty lifestyle without looking forward to achieving goals.
Great insight. Once reaching financial freedom, you are free to pursue your soul's highest calling.
That goes to show that money doesn't buy happiness. It does however give you the ability to pursue your passions even if they don't pay much/or at all. Waking up in the morning and saying "I get to go do this" vs "I'm required to go do this" is what my motivator for investing is.
I’m turning 42 this year and the last 5.5 years has been empty and a waste of time. Sure I got three cars and my condo paid off but still. It kinda sucks.
@@cherokeefit4248 Its time for you to pursue those goals where money is not needed. You have secured that onto the next. Travel, financial freedom and not having a 9-5 is not boring.
@@cherokeefit4248 Maybe it isn't your thing, but it sounds like you have knowledge to pass onto the next or even current generations. Just a thought.
Hey, come on, active income is also fun sometimes! :D