I've learnt two things from billionaires: to diversify your investments and to constantly put your money to work. This year, I hope to make money investing roughly $88k of my savings in equities.
That is accurate. In my opinion, diversifying one's investments is the best course of action because it can lessen the effects of a market collapse. Examples of diverse asset classes are bonds, real estate, and foreign equities.
That makes sense. I've been investing in stocks for two years, and I currently have a six-figure diversified portfolio thanks to my use of a financial market specialist. However, I want to broaden my horizons this year.
This year, I'm determined to see a financial counsellor, especially since the markets are all at record highs. I don't want to have unrealistic expectations and lose everything.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
@@vaughngaminghd for instance russian stock market. China stock market. USA market is exceptable in the word, this is the totally exception among all the markets. EU stock market also didnt make people rich. This channels and books are propaganda, that could turn into a catastrophe
I went from 70k to 350k back down to 250k Haha life is different in a broken economy, than it was for Munger... before him and his cronies destroyed the economy
Don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!
My advice: to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and I'm proud of last year's decisions.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $3 million portfolio.
When ‘Rachel Sarah Parrish’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
I completely agree. The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $1.2M nest egg thanks to my fa Dianne Sarah Olson. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
I envy you. I’m 49 and plan to retire at 62 in Thailand or Vietnam. I have a long way to get to $1 million, I’m at $340,000 but I’m optimistic and being more consistent now.
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments, and earn nothing less than $150k per year, but nothing to show for it yet
the fact that you watching this type of videos in your 30s says you doing great. You have a real chance of becoming rich. I would encourage you to stop looking in the wrong places for advice. THINK!! they won't be there to know when thier advice has would'vegone south. Work with a flnancial advlser instead and say bye to speculative investing, if you do this long enough, you will have something to show for it in no time.
I had an advisor that had me living on only Soc Sec and Pension whole she had my IRA Grow to $2 Million and I thought WHY wud I want to eat gruel like scrooge w $2 million in the bank! I want to Travel a0nd enjoy Retirement I worked hard for this money!
AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name ''Natalie Marie Tuttle'' and everything changed. In in the first quarter of this year i made $370k and counting.
Getting a head start by beginning to invest early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.
I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch with her?
As someone passionate about investments, I often contemplate the strategies and paths that enable top-tier investors to amass wealth in the millions. While I possess a substantial initial capital, I am uncertain about the specific tactics or avenues that would facilitate achieving gains exceeding $400k, similar to those achieved by several others this season.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.
i've had people say to me they didint know you can start investing with small amount of money. they 100% can and a $1 start is better than nothing at all.
Yes stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
I’m 52 years old and started my first job with benefits in mid 1995 making about 27,000 per year. It took 17 years to get my 401k to 100,000 by putting in 5% and the company matching 5%. It took 4 years and 6 months to get to 200,000. In 2020 my 401k earned more than I did!
Ok nice man can borrow 50k an invest in whatever you want now.. Is the risk still worth taking after 17yrs having to save all over again if it fails? That's where allot of my coworkers are at now. Scared to work at Walmart at 60yrs old?
That's precisely the reason most don't get to a million. It creeps up so slowly, then people say "well, I can use it for an emergency since it's not that much." Watching that thing compound after $100,000 is addicting. Most just never get there.
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Natalie Marie Tuttle is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
My professor once phrased compounding interest like this: “Its a opportunity cost. If you by a corvette now it will only depreciate. If you invest the money you would have bought the corvette with, it can turn into a million dollars years down the road. So, a corvette now = $1M in 30 years if the action to invest is not taken. Thats a big cost for a lack of patience and the understanding of compounding interest.
Who here buys a corvette for 100k though lol? The scenario's point stands as an example of compound interest but: 1. You can get a secured collaterized low interest loan for the corvette. At 3% interest, the interest cost on the car is 3k per year or less. 2. If you purchase the right corvette with the right deal and sell after 1 year of ownership plus not place too many miles on the car. You can signficantly reduce depreciation.
Everything is becoming so unaffordable that most people have no choice but to buy on credit. The banks and government are making it this way on purpose so they can take even more of your money.
@@stevenmeyers1226 credit is what carry most of the world economy, and it's better this way (at least when the laws are respected, so the risks aren't high like for evergrande)
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market?
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your goals.
I fully agree; I'm 60 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one.
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
the bots are programmed to snatch fresh blood. do NOT get duped into trusting a financial advisor. do your due diligence, research this stuff. its not hard. the answer is simple: invest in a well diversified index fund with low costs. that is it. everything else is speculation, gambling and bs tbh! this includes gold/silver, btc/eth, single stocks, ai (ai bubble pop is gonna shake the world!)...
The advice in the video is excellent and true for the typical American. It was easier for me to get richer after my first $100k with the method of diversification for my investment portfolio. Like spread my investments across different asset classes to manage risk. I focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks and bonds. Used the value strategy to seek out undervalued assets for potential long-term gains. Worked magic!
This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.
I wholeheartedly agree, this is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
@georgeh My collection has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?
@gatesbev Sure. I am guided by ''Heather Lee Larioni''. I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@georgeh This recommendation literally came at the right time, I’m down by $9k on my portfolio this week alone.. its crazy! I just looked up Heather online and researched her
I completely agree. The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 53 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
Hey, I'm 47 and just started investing in 2017.....well, if you want to call it investing (that's what i call it).....I don't trust the main stream markets or the monopoly money Federal Reserve notes, so i invest in gold, silver and Bitcoin. Been a construction worker most my life and haven't made a huge amount of money, but luckily my house is paid off now so started investing in what i think is a safe place for our likely future! Oh ya...i also invest in food and ammo...lol!!!
As a soon to be 59 y.o. who retired at 53, all very true and good advice. Achieving financial independence is the key to a happy and successful life, being wealthy is not necessary.
It’s even harder being first generation with no knowledge on financial literacy , I will be the one breaking the curse on my family . I’m omw to my first 100k , hopefully everybody watching this video gets to that point
I understand where you're coming from, Toni. It's always hard to be the first one to do it differently, but I hope you don't lose the courage and the will to do it anyway. I'm rooting for you, brave soul 💪🏻 I pray you are doing really fine now and I wish you all the best!
Part of what makes the first $100k tougher is you're new. I made rookie mistakes (dividend investing) the first year or two, and investing wasn't as routine. It took over 3 years to hit $100k, cheerfully accepting 10% returns. The 2nd $100k took a little over a year once I switched to growth stocks. Once you're getting good returns, you start throwing everything at it. Get a bonus? Invest it. Get a raise? Invest it. Tax refund? Invest it. Fiancee returns your ring? Invest it. ;-)
The large majority of my investments are in VOO and VTI with 10% allocated to an international stock ETF (VXUS). Started this year and already close to $30k in it. Next year I’m hoping to get it close to $100k and snowball it from there. In 19 years I want to be able to retire if I want to and only regret not starting earlier.
Right now I’m 22 with just about $70k saved up. I’ve been “aggressively” investing in index funds since I was 20 and saving every penny possible. Hoping to reach $100k before I turn 23 next August
I am turning 45 next month and only have about 300,000 in my retirement investments. I wish I was a little wiser when I was your age on financially investing for my future. I am having to kick it in gear now. That being said as the old adage goes... “everything in moderation”. It is unbelievable how fast life passes by. Though I should have saved more for my future I did not blow all of my money on frivolous things. (Maybe some of it...) I spent a lot of my money on experiences that I loved. I would not trade the memories I have for ten fold the money they cost me today. You are hand over fist above average in your investing strategy at your age. I commend your ambition but I also strongly suggest that you equally invest in what you love to do and to live your best life.
@Madie Zancanellatl I have been investing with a solid platform with about 12%/ month returns. I started with $5k. I increased to $30k principle. Reinvesting with weekly gains.
The short answer is that the first X will always be the hardest for any value of X because investments (done correctly) grow exponentially. The first X will always consume a disproportionate amount of time compared to subsequent subdivisions of X.
@@lppoqql yeah unlike 2022, but those kinds of years happen. It isn't the first and won't be the last. Hopefully we are on our way to a market recovery. I personally increased my investments quite a bit last year, getting the stocks on sale so when it does bounce back, it should pay off substantially
I watch several TH-cam videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
@@Patricia-Margaret Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
People who are successful don't only appear that way. Hard labor produces the things that most people view as riches, a fulfilling profession, and purpose.
I'm in my 50S and I'm more interested in investment that could set me up for retirement. I mean I have heard of people that netted hundred of thousands during these crash, i listened to someone on a podcast who earn over $650k in less than a year. My question is what is the strategy behind such returns?
wow, I'm kind of surprised to see you mentioned Mrs BEATRICE, I thought I'm the only one trading with her. I'm already on my 3rd trade with her and I invested heavily on it.
My first investment with Mrs BEATRICE gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
i agree, that's the more reason I prefer my day to day invesmentt decisions being guided by a financial advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over $1.8million.
It’s so true. Took me what seemed like forever to get to the first $100K. Then $200k came a little easier, then $500K. Things start really click fast when you get to the first $1M
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Of course it did. By the time you have $1m the income it generates is like having a minimum wage slave working 24/7 in your basement. Every $1m after that just adds another 'slave'.
The first $100k is definitely the hardest. I put so much blood and sweat into getting there while thinking it was not gonna happen. But when I got there it seemed like it took no time to 4x it. Munger was right. Do whatever you have to do to get to 100k and your portfolio really starts doing all the work.
That's why I'm all for the "make your coffee at home" analogy. It's not so much the $4-$6 a day you're saving. It's the mindset your obtaining by making choices like that. I'm sure the frugal(ish) people who are brewing their own coffee at home are a lot less likely to go out and buy a $80k car they don't need.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
I figured out my car that’s worth ($1’500) costs me $5’000 a year to keep on the road and fuelled. That $5’000 a year invested would be worth more. So I have taken steps to get rid of the car and start riding my ebike everywhere and take public transport (which I pay $2’000k for a 365 day transport pass) Because of where I like, it’s easy for me to ‘make it happen’ I don’t need to rely on a car. I am excited to do this!
Spot on with this example! Alot of hidden costs are built into having automobiles and its crazy to think how much money get poured down the drain every year!
@@juanreyes25 How is taking care of a car pouring money down the drain? If I want access to anything that requires upkeep I have to pay for upkeep otherwise the item is useless. I would rather try to find a way to increase my income than just cut expenses because if I am lucky I can outpace money losses.
@@donaldlyons17 it's very dependent on your situation and psychology. Housing anywhere you could ride an ebike to work is a lot more than rural places, but the job may pay more. For me not having a car is not an option, family of 5 and shift work, but 3k a year in car repairs is hardly my biggest expense
5k a year? I pay about 500€/year for insurance and less than 100€/month for fuel. Maybe 200€/year for general maintenance, and maybe 500€ in depreciation (I only buy used cars that have already depreciated). Where's the other 2.5k going?
Very true and the same with dividends. My first average £100 a month was the hardest and before I knew it I was bringing in £1000 a month on average simply by investing in large cap dividend stocks and reinvesting the dividends. Great channel Chris. Keep up the good work!
That first consistent average 100 was a tough one. Getting past 150 was also painful to sit through. Then came 2. And shortly thereafter 3...and so on. As your income security goes up so does your peace of mind. This stuff really should be taught in school.
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
You should look at energy stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
Excellent points. I'm a big fan of saving and keeping my finances in check. In my opinion, there is no value greater than knowing you have breathing room and no need to panic if you need to change jobs or get laid off. I'm still working on my first million, and I still have a ways to go, but it's true that once you start building up a solid investment portfolio, it really helps your money to continue to grow. It feels good when you start seeing your investment money increase at a point that it matches or beats the rate at which you can contribute at (but it's still important to keep contributing). When I first started, I opened a brokerage account and put $500 on a stock that dropped in value by nearly 50%, and I sold. I felt stupid for not knowing more. So after spending some time doing research, I became a big fan of investing in ETFs like the S&P and the DOW that have historically had about a 10% increase averaged out over their years in existence. At first, it feels slow and pointless, but after taking on more raises, and continually investing (after of course paying off high-interest debt -- for me that is debt more than 5-7% and having a good emergency fund), it started really growing and being fun to watch grow. We're currently in a bear market, and it takes more effort to stomach this period while investing, but even during this time, I still have far more than had I not invested it and just left it in a bank account (or worse, just spent it). There's no really secret sauce. Just the fact that most people don't find it fun to live below their means, save the extra money and potentially take on more work to get extra money (either by getting promotions or by taking on second jobs).
100% Accurate, the ability to discipline is pure psychology. Reaching 100K is difficult due to it being a “big” number. Once you’ve reached 100K, mentally you’ve realized that 1M is possible and more attainable.
I'm at 78k and never thought I'd get this far. First 10k seemed impossible then I aimed for 20k, then 50k, then 100k. I'm not sure what I'll aim for after 100k but I really struggle believing that I can even do it.
I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in this red period. What measures can I take to achieve this?
You can do little or nothing on your own right now because it is a delicate season. As a result, I recommend that you hire a professional who can advise you on entry and exit points for the securities you are interested in.
@@ariannamasonwright That is very true! This red season, I was able to scale from $350K to $650K because my FA devised defensive strategies to protect my portfolio and profit from this volatile market.
@@jessicalandon8973 That's heavy! Keep it up. I could really use these advisors' knowledge; my portfolio has been badly affected. Who is your financial advisor?
@@ethanxavier4507 I did check her out, I see why you said she's probably booked up, her creds/resumé is topnotch. I booked a consultation with her regardless.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name COLLEEN JANIE TOWE and everything changed. In the first quarter of this year i made $370k and counting.
@@sophia253 Colleen Janie Towe is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
I’m a few thousand away from my first 100k invested taken me about 3 years and it’s so hard not to throw money into it aggressively I will continue to take my time and not make irrational decisions just because I want to hit the 100k mark. when it happens it will happen
I will forever appreciate this channel, you've helped my family alot, your videos, advice, lessons and funny words are inspirational and helpful to us. My husband and I have been able to be minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation. we all love you
@@creghamilton433 You're welcome, can share some business tips that helped me, 1. Plan towards it 2. Be minimal on spending 3. Save money wisely towards retirement 4. Save to invest, it's a proven way to get richer.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named NICOLE DESIREE SIMON, I can say with certainty that their skills are excellent.
I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Are these good stock suggestions?
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Amy Desiree Irish” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked up this person out of curiosity, and surprisingly she seems really proficient. I thought this was just some overrated BS, I appreciate this.
I started investing when I was 18-19. I continued living at home and worked, with most of my money going into my portfolio. I reached my first $100,000 when I was 24, and $200,000 at 26. I moved out soon after that and now my returns are almost half of my actual salary.
I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@JosephQuiroz91 It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.
That's a really great video, very well explained! I started to invest when I was 35 and my goal isn't to live a luxury life but to have more free time.
To save 100 grand is the ultimate sacrifice. You'll definitely cut down on going out, eating out often, maybe not traveling to foreign countries and then you'll definitely have to be very frugal once you see the zeros on your bank account. This is the best money advice.
Having a job with a 401k/403b with an employer contribution is huge. I had practically no savings until I got a job with great benefits at age 35. Even at 45 I wasn't worth much. But now I'm 59 and would have been worth a million this year if the markets had not tanked. But I'm still growing my wealth because I keep finding side gigs that pay my basic expenses and and my regular salary gets put into various investment options.
As a beginner investor it is essential for you to have a mentor to keep you accountable, Myself I'm guided by Mrs BEATRICE a widely known crypto expert
The first 100k wasn’t as hard as the first million. The motivation and drive propelled me pretty quickly but the constant grind to hit a million wore me out. But everyone is different.
Curious if anyone here has tried copy trading. What was your experience? I'm relatively new to trading and I am looking study some traders and copy their open trades rather than investing myself and lose money emotionally.
To be 100% honest with you. I had the same question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents. Goodluck!
I also have copied the trades of some experts in the past. Tho its the easiest money I made on the market, plus you also get a learning opportunity while you earn off their expertise. Unfortunately, I still haven't gathered all the knowledge I need to DIY trades,›but I'm on my way. As long as you do your homework on who you're copying and what their strategy is, it's a nice hands-off way to investt
I usually go with registered representatives. ROBIN WILLIAMS, for example has the best performance history (in my opinion) and does offers 1v1 consultation to his copiers which I think is amazing. I don't know how many traders like that are there
I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.
I knew a guy who started working at 15 and had $100,000 saved by the time he was $25, he litterally had to save just $10,000 per year on average to reach this goal. When he was 25 he got a better career and by the time he was 30 he had $300,000 saved.
This is one of the best videos i’ve seen in terms of putting you in perspective through different circumstances. I am hoping to be a financial advisor within the next 5 years and I think all of these points will help me relate to future clients and their mindset starting out. Thank you.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin, and gold. Investing in any of these should be in everyones mind.
Yeah! With the current problem around the world today I think it's best everyone invest more in digital asset than Saving in banks and real estate. Just my thoughts
@@burjkhalifa1718 this is more reason you should invest with an expert, even with the fall in price I make good profits weekly from my investment in bitcoin. Last week I got a profit of $56,000
I didn't get my first 100K until I realized I needed to stop trying to "do exciting things" with investing, I needed a stable, simple, boring strategy that I stuck to with cold-blooded determinism. But I'll finish with saying "Keep at it folks, it's very true that it just starts getting easier and easier", I'm now retiring at 60, my wife already retired at 50 (granted that's also because I built up a very profitable business over 20 years of struggle).
@@mitepainera69 LEARN LEARN LEARN about investing first and foremost. Avoid ANYONE or anything that promises you impressive returns, avoid any MLM schemes, pyramid schemes. I lost valuable time due to being stupid and believing people. You are bound to become the best advisor to you, because you, and only you, have your best interests in mind. Compound interest is a lovely thing. Absolute safety is a myth in investing. You do have to entertain some risk and be in the market, if you want to invest. Real estate is very well worth considering as part of your approach. But same thing, you have to learn learn learn about it before making a foray. Due diligence is the watchword of real estate (or any investing). Consider investing in things you have knowledge about, in companies that you admire. Never put all of your eggs in one basket, and never believe you are financially secure with only one income stream. The more income streams you have, the more you are protected from the vicissitudes of life and the economy. The more diverse your portfolio/holdings are, the less at risk you are from a sector crash or collapse of one industry. Staring a small business is not for the faint of heart, it's for the determined, focused, driven, hard worker who is willing to work long hours, sacrifice time off, and constantly research and learn and recover from setbacks and failures. But building a small business can result, eventually, in having the cash flow and/or asset that launches you to another income level entirely. I started in 2002 making about $10 an hour. In 2021 I now own four properties in California, due to the success and cash flow of my business and the business my wife and I started, grew, made successful and then sold to a VC company. Was it worth the blood sweat and tears? Oh yes. I wouldn't discard investing in everyday mutual funds as "being unsophisticated" or "for the masses". I have probably 30% of my entire net worth in mutual funds. They have done well. Some depend utterly on them, having zero knowledge of investing and not wanting to take undue risks. Buy low and sell high, investing is a marathon, not a sprint. I watched friends sell off in the 2008 crash. I shrugged and didn't sell anything, in fact I bought more heavily into the market after the crash (I bought low). 18 months later all my stock had recovered and then continued to grow. Once in a while I'll sell. If I think a stock is very very high. Don't be a rear-view mirror investor. You bought shares of XYZ at 15, sold at 70, and then five years later XYZ is at 200? Whatever, learn what you can from this, but don't regret the fact that you made profit and don't change a successful solid plan based on an anecdote. Similarly don't dwell on losses, LEARN from them. Pain is either something you elect to drive you down, or something you elect as a harsh TEACHER. Make pain your teacher, not a block on moving forward. Read the book "The Richest Man in Bablyon", then read it again. Once you have read it twice, either make or review your budget. The news and much "financial news" like Motley Fool often gives very misleading or bad advice. Do your own analysis, your own investigation, come to your own conclusions. Don't trust the opinions of pundits, they are often paid to render these opinions and certainly do not care what happens to you if you follow their advice/info. Sources like Chris Invests are fun and helpful, but again, do your own research, keep your own counsel. This particular video gives an EXTREMELY valuable insight: the first 100K is absolutely the hardest. After that, your progress starts to speed up. The more progress you make, the more potential you have of things speeding up. You do eventually hit a limit where to how much you can put your money to work, but if you do (I may never reach those heights), hey, well freaking done to you!! Hope these tips help you as much (or more) as they have helped me. Citation: February 2002 net worth of 0.00. December 2021 net worth of 3M. And that's having made a lot of laughable, dumb mistakes over time, or some mistakes that "everyone else" made, remember the paragraph where I say let pain be your teacher, because pain will show up.
It's like Japanese mahjong, riichi and tanyao keeps you winning, good yaku only happens when the stars aligned, force your hands into those yaku is usually a guaranteed lose.
I'm 28 sitting on around 50k in investments. I started about 3 years ago but didn't get serious and dedicated to DCA until 2020. So far I feel like I'm on the right track it's just a slow grind. However it does feel amazing making 200 a month in passive income! My next big goal is 500 a month, thats almost my mortgage! Excited for the future and to really see the snow ball effect in action!
@@jromario9781 no I have my cryptocurrency on a lending platform that pays a percentage every week. It's very similar to a bank, they give out crypto loans and charge interest and you get a portion of that
Started 2.5 years ago and am up to $68k, with a goal to get to $100k by the end of this year. Driving a 13 year old Honda, putting my pay raises into investments, and living below my means all helped a lot!
I have found living WELL below your means, cutting overheads to the bone is AMAZING at helping savings to increase dramatically. And just stopping wasting money on frivolous little things. It's alright to get sushi every week, but if it's always a case of beer, a lottery ticket, this thing, that thing, ALWAYS buying lunch and ESPECIALLY gas station food, it ads up to HUNDREDS every week. I come across a guy who was buying cigarettes but DIDN'T SMOKE. He was only buying them because his friends would often want a smoke whenever he was out with them. But DIDN'T SMOKE HIMSELF!! I couldn't believe it. Of course he had never saved a dollar in his life.
Great video and certainly agree with what was mentioned. While the first $100k is the most challenging it is the most rewarding feeling. Small steps leads to a great distance and of course as you build it is that snowball effect!
First, cut your spending. Then get out of debt, stay out of debt. Then build your emergency fund. Then invest as much as you possibly can. I did not wise up until I was 46. The median household net worth for my age is now $212,500. Not only does our net worth now exceed that my many times, our net worth grows by more than twice that amount just this year. But I would still have a low net worth if I had never decided one day to become responsible with money. Had I started in my 20's, I would be a philanthropist by now.
Can't even lie to you man, this "being different now so you can be the difference later" thing is hard. The not going to parties, not buying nice clothes and everything else that comes with the discipline of being a young investor gets pretty rough at times especially seeing everyone splurge on social media. So this video is really keeping me going right now, just wanna say thank you, i really appreciate it more than these words could ever convey, 100,000!!!
It's about the discipline to practice the right habits and the kind of people you mix with. Build up the habits of financial prudence and talk more with the people who do the same. It's fine to have some small pleasures in life, but create and stick with a budget.
You don’t need to skip parties just have some pre drinks at home and limit how much you spend. You want some nice clothes put a budget in place that is separate from you investing budget. It’s all about balance
Absolutely, financial management is crucial for long-term stability and peace of mind. Avoiding it can lead to missed opportunities and financial difficulties. It's never too late to start managing your finances wisely and securing your future.
Financial management is crucial for long-term stability and peace of mind. Avoiding it can lead to missed opportunities and financial difficulties. Working with a financial adviser has really helped me get on the right track and secure my future.
It's great to hear how beneficial working with a financial adviser has been for you! I'm definitely interested in working with a financial adviser myself to better manage my finances and secure my future.
*Whitney Kay Stacy* is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable asset.
Its also important to control your impulses because smuggling your salami on random 304's too much can result in unwanted children that can set you back $250,000 for each kid you create. Build your nest first and protect your seed gentlemen.
I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!!
The first step is to live below your means and save. This alone is difficult for most people - either they earn very little money or they have a lot of expenses. For the average person, its a behavioral problem more than anything. Luck also plays a role as some life events are very financial burdensome. Family and friends can be either a hindrance or accelerator. Accumulating $100K in the bank suggest that you've been able to successfully budget and save. You created a disciplined habit which momentum can carry into the future. As the wealth accumulates, passive income grows and its much easier to live life and breathe. Once passive income reaches a point where you can quit your job, then its just a matter of keeping expenses low enough to maintain growing wealth.
Why do you think for most people the problem is behavioral? With almost half the working adults making 50K or less but housing costing in the 300K - 400K range there may be an income or expenses problem for many. I do not understand why people ignore income as the most important part of having money to save and invest. I have to have an income that pays me more than my expenses every year that is why after 14 years I have 39K now. IF I had been unlucky enough I would be broke or in debt without the income right?
Ok. So let's say I have the ability to live with my parents and save 20k a year I'm 29years old. I'll be 34years old but my social life is ruined no girlfriend no freedom is it worth it at 34?
@@eliincomeice6036 It depends on what you value more. Do you want the money more or do you want the social life? I always wanted the money more myself but I have found getting a "good" job is far better. Problem is better jobs are harder to get too.
@@donaldlyons17 I agree. Nothing in what I said contradicts what you say. I said some people make too little, some have large expenses. However, for most average people (around average income average expenses), they have some ability to save (even a little). Most important is that they do it consistently - seldom living beyond their means and acquiring non-productive debts. Its not easy, but its a matter of discipline and delayed gratification - behavioral habits that can be cultivated in oneself. Some people will also have bad luck in terms of financially downturns, which is another reason to save and/or get insurance. Life is tough man. Having 39K is an achievement, I'm sure there are people you know with similar incomes who have 0 right before payday for no good reason other than the habit of spending it all.
I started investing in dividend growth stocks in April 2020 and finished the year off at 19k invested. Fast forward to today of November 2021(over a year), I’m at 38k. Compounding truly works, but contributing every month has definitely played a major role in the process. Just Keep going or at least start if you’re reading this!
@@aquabliss9194 Valuations maybe high, but it’s also not worth it to put off investing just because of valuation. That’s basically like trying to time the market instead of being in the market. Greatest strategy for the fear of high valuations is dollar cost averaging. Todays highs are tomorrows lows.
Had I invested $1K in $MSFT in high school like I wanted to, I'd have something like $60K from $1K, had I invested my other $1K from summer jobs into $TSLA in HS like I wanted to I'd have something like $150K. Had I invested the last $500 I had into BCT and used my gaming rig to mine while I was at school/sports/asleep for 10-18 hours a day I have absolutely no clue how rich I'd be, but I'd be filthy rich compared to what I am now at 25. Better late than never though. I learned how the market works pretty well, learned to minimize losses and maximize gains independent of market forces pretty well. Basically my life is composed of long holds on growth stocks and mid-term puts on the biggest players in irrational markets. Once this real estate crash hits catch me being a landlord.
Great advice. I hit my financial goal when I was 29 years old I am getting average annual returns of $49k a year with all my portfolios combined. It's was a tough 7 years after graduating college working a lower wage job, but being frugal, disciplined, and working hard to improve your career and income its worth it. And when you keep compounding your wealth at this stage you will be already conditioned to staying frugal and your wealth will skyrocket!
I've finally hit a point in my life where all of my finances are in order and I have extra $. It took until I was 30 to be in this position and I implore every 16-29 year old to start earlier than me but once I started ($250/wk) I started seeing myself wanting to put in more when I got a raise / bonus and the snowball took my money and made it grow exponentially. Eventually towards the end of my investing (investments, IRA, 401k and cash balance account) I ended with about $5.2M in many different accounts. I was lucky and had a partner that made enough money to pay for monthly bills and I implore on finding someone that works with you financially and doesn't buy too much (though still remember to live).
A big part of the secret to building wealth is self control and desire. I always see a bunch of comments in these threads like “he got lucky” or “who can do that at 20”. Instead of figuring out why his formula can’t work for you, try figuring out what you CAN do in your situation. Don’t make enough? Figure out how to make more. Can’t save $250 a week? Figure out what you can save. Do you want to build wealth badly enough to sacrifice some lifestyle choices? If you’re in a hole, the first step is to stop digging.
@@tywebbgolfenthusiast8950 This guys is talking about having 5m in investments by 30. And saying you should start putting down 250$ a week ~ 1k a month. You have to be pretty out of touch with reality if you think that is feasible to anyone but the absolutely luckiest of young adults. The selection bias is ridiculous and it's not gonna motivate anyone since people who read that are gonna look at themselves and see that "I don't even have a paltry 250/w to put into savings so I'm a failure and I shouldn't even bother". "lifestyle choices" 250$ is 50-80 starbucks coffees a week. You can't really save that much with simple frugality. I used the gov interest calculator. That guy had to invest something like an average of 30k a month to get to 5m. 30k is close to the average yearly salary in the US.
I’m almost at ten thousand in my first year of investing I started on my birthday in February I’m at 6000 right now it’s the most money I’ve ever had at one time I wish I started investing when I had my first job at 19
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Personally speaking I can 100% agree with this my first hundred thousand to 140,000 about was very difficult but now I’m about to hit my first million and I can confidently say 150 to 1,000,000 was considerably easier than 0 to 100
The most of living is making people go into different businesses anyways, but my problem is that the rate at which money gets finished on little purchases is so surprising
@@carlfrances186 I saw all this coming I had to switch to Crypto trading and I'm really enjoying the fact I made the right choice because of my weekly earnings
I make good income too from bitcoin trading and its been my most reliable source of income at the moment. With profits I've made so far I don't think i can get broke or lack anything because more is been generated daily through Mrs Cora James my expert
This year I’ve realized the “I’ll invest when I have more money” excuse is perfectly valid. I used to invest nearly half my paycheck, but had to cut down to part-time and now I can’t invest anything at all. When I start making more money again, I’ll certainly be investing.
I'm 33 and my net worth is at 400k. But I plateau'd at 150k for a while and then in 2020 the housing and stock markets went crazy. I had some money invested in stocks but a lot more was in real estate and that is the reason it has grown so much over the past year and a half.
*AMAZING and very engaging video. getting rich is actually something else, i really do have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what's your take on this approach?*
Funny how people still believe the only benefit from crypto is holding, trading is the real deal. I am happy i've started learning and earning from trading with Maria Hamilton
My first $100,000 took 16 years of commitment, with setback to zero after setback. Didn't spend my first $100k because it was so hard to get. The second $100k only took 4 years. My first million 8 years later. My second million 10 years after that. Compound interest was the key to my success. Working on my third million but low interest rates are killing me.
It's actually quite easy: 1st: Start young - as soon as possible 2nd: Try to live as poorly as you can. What is the smallest and cheapest apartment/room/house/flat you can get live inn? Buy as much as you can second hand 3rd: Only 50% of your income should be for used for your needs and wants. 30% should go into a savings accounts. 20% should be invested (stocks, real estate, ...). Do these transactions immediately after you get your paycheck. Here are some general tips: Cheap Android phone > expensive iPhone Learning new skills / languages > video games
My "American Dream" used to be have a good job, buy a house, have a family. Today, it's having financial freedom at the earliest age possible and enjoy the rest of my life doing what I want.
The first 100k seems to be so hard for some because you're basically still setting up a foundation for your portfolio to stand on and then the latter comes easier since now you're familiar with diversity ,where to place your funds and your investments compound. I made my first million from going diverse, mainly stocks. an allocation fund, S&P500 and coins ..with the help of my F.A Susan Kay Mack handling my portfolio it's been a year of steady growth.
I find the first $1mil in cash equivalent is difficult. Asset wise I already have probably 1.5 mil but they are in house or retirement or tax heavy instruments. So really what I have on hand that I can spend without tax withhold is just $100k and that’s nothing these days.
The fundamental reason its harder is because its a much larger scale. 1 - 100,000 (means 1*100,000 = 100,000), 100,000 - 1,000,000 (means 100,000 * 10). In these examples one increase is 100,000 times larger and the other is only 10 times larger.
I get the concept of investing but don't forget to live. In my youth, I had fast bikes, fast cars and girlfriends that would stop traffic. If I had done none of that I would probably be a multimillionaire. Do I regret that... what do you think! I didn't start investing until my early forties and my portfolio now sits around £360k ($489k) jumped 10k last week which was nice. If that $100 meal was with a good friend or a beautiful woman I would never regret it, you have to invest in memories too.
I don't understand why people don't talk about this as well. I love to eat and travel with my wife, and I don't regret any money spent on memories with those I love. When we die, our assholes get stuffed with cotton, not dollar bills.
I did similar. travelled. learned languages. made friends around the world. Started saving 2 years ago. I'm slow but steady. 1/4 of the way there at 47 but more importantly my plan for becoming rock solid has fun built in! let's live! (fun includes hot women btw :)
This is so true. I made my first 100k in 12-2021. Just shy of 12 months later I saved another 70k. If anyone would have told me that I would not only make my first 100k but nearly make my second 100k in the same year, I would have lmafo
This is so hard when young, I wish all high schools and colleges had a required personal financial responsibility class to teach us the basics. But no the system teaches us to work laboriously in unfair and/or underpaid situations until we figure it out.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge/professional
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
Well I have 1434 euro invested(I'm proud because it was harsh) in the past year. I"'m 20 years old, student, living in eastern Europe(average sallary is 600euro/month, but 90% of pop are living on 300-400euro/month). I'm working in insurance field (comission payments) and in 3-5 years I hope to reach 100K.
Hi As for me, trading has been so profitable because I was guided by a pro trader known as Mr Raini.with his working strategy / daily signals which turns out to be one of the best out there.During my first week i was able to make $18,000 in just one ☝️ week why don’t you reach him out
Great simple and truthful approach. I am still creeping up to the 100k but did become extra motivated once I hit 50k last year as was the most I ever had in an account. Since then I throw every spare $20 ,$50 or $100 that shows up right away before I reconsider on some toy or something. I’m looking likely bar a big crash to hit 100k next year but will probably just keep up the same routine, one I should have stuck to when I started my IRA 20 years ago but barely contributed. Now I am maxing the IRA plus some, and as am in my 50s, I am still on growth investments to make the more risky compounding pay off another decade or two from now. Thanks for the video!
I've learnt two things from billionaires: to diversify your investments and to constantly put your money to work. This year, I hope to make money investing roughly $88k of my savings in equities.
That is accurate. In my opinion, diversifying one's investments is the best course of action because it can lessen the effects of a market collapse. Examples of diverse asset classes are bonds, real estate, and foreign equities.
That makes sense. I've been investing in stocks for two years, and I currently have a six-figure diversified portfolio thanks to my use of a financial market specialist. However, I want to broaden my horizons this year.
This year, I'm determined to see a financial counsellor, especially since the markets are all at record highs. I don't want to have unrealistic expectations and lose everything.
Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I've found going from 200k to 100k was pretty easy this year
The overall market was down only 20%… (Was it Bitcoin? Tesla?)
same
I know right...
@@vaughngaminghd for instance russian stock market. China stock market. USA market is exceptable in the word, this is the totally exception among all the markets. EU stock market also didnt make people rich. This channels and books are propaganda, that could turn into a catastrophe
I went from 70k to 350k back down to 250k
Haha life is different in a broken economy, than it was for Munger...
before him and his cronies destroyed the economy
Don't get discouraged just because you can "only" invest like $100 per month. It can compound to tremendous wealth over the course of decades. The important thing is that you keep going!
My advice: to grow financially this year, invest. Saving is good, but investing elevates your finances. Thanks to my financial advisor, my portfolio is thriving, and I'm proud of last year's decisions.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $3 million portfolio.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
When ‘Rachel Sarah Parrish’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
I completely agree. The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $1.2M nest egg thanks to my fa Dianne Sarah Olson. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
out of curiosity I did read about Dianne Sarah Olson on the web, she has a great resume.
i'm happy there are lots of people doing so well...Love this channel for the transparency
Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.
I envy you. I’m 49 and plan to retire at 62 in Thailand or Vietnam. I have a long way to get to $1 million, I’m at $340,000 but I’m optimistic and being more consistent now.
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments, and earn nothing less than $150k per year, but nothing to show for it yet
the fact that you watching this type of videos in your 30s says you doing great. You have a real chance of becoming rich. I would encourage you to stop looking in the wrong places for advice. THINK!! they won't be there to know when thier advice has would'vegone south. Work with a flnancial advlser instead and say bye to speculative investing, if you do this long enough, you will have something to show for it in no time.
I had an advisor that had me living on only Soc Sec and Pension whole she had my IRA Grow to $2 Million and I thought WHY wud I want to eat gruel like scrooge w $2 million in the bank! I want to Travel a0nd enjoy Retirement I worked hard for this money!
That's impressive! I could really use the expertise of this advisor.
She's Sonya Lee Mitchell. Get your answers when you looking her up
I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
BONITA JEANETTE RODRIGUEZ is who i work with and she is a hot topic even among financial elitist. Just browse, you’d find her, thank me later.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Her name is. 'Lucinda Margaret Crist’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name ''Natalie Marie Tuttle'' and everything changed. In in the first quarter of this year i made $370k and counting.
Impressive, that sounds good but how do I reach out to helene ?
You can glance her name up on the internet and verify her yourself. she has years of financial market experience.
Getting a head start by beginning to invest early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.
I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch with her?
After reading your insights, I researched her full name and found her online webpage. Thanks for your help.
As someone passionate about investments, I often contemplate the strategies and paths that enable top-tier investors to amass wealth in the millions. While I possess a substantial initial capital, I am uncertain about the specific tactics or avenues that would facilitate achieving gains exceeding $400k, similar to those achieved by several others this season.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.
Exactly, that expression "buy back your time" well thats what investing allows you to do.
freedom for the future is why i am investing.
i've had people say to me they didint know you can start investing with small amount of money. they 100% can and a $1 start is better than nothing at all.
@Michael Francesco have made some bad buys and investment, i need to salvage my portfolio by all means, please how can i contact this person?
I retired at 30. Find out how on my page. “Finance” playlist
Yes stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@Dan Brooks Impressive! can you share more info?
@Dan Brooks She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That does make a lot of sense; you appear to understand the market better than we do. This coach is who?
’Sharon Marissa Wolfe’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
I’m 52 years old and started my first job with benefits in mid 1995 making about 27,000 per year. It took 17 years to get my 401k to 100,000 by putting in 5% and the company matching 5%. It took 4 years and 6 months to get to 200,000. In 2020 my 401k earned more than I did!
Glad to hear it's accelerating!
Ok nice man can borrow 50k an invest in whatever you want now.. Is the risk still worth taking after 17yrs having to save all over again if it fails? That's where allot of my coworkers are at now. Scared to work at Walmart at 60yrs old?
That's precisely the reason most don't get to a million. It creeps up so slowly, then people say "well, I can use it for an emergency since it's not that much." Watching that thing compound after $100,000 is addicting. Most just never get there.
@@bryan_witha_whyy Yup. Most people never get there because they fall into the trap of consumerism.
@@bryan_witha_whyy that's so true. I hit my first 100k a little while back. I've seen massage jumps now
There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Natalie Marie Tuttle is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
My professor once phrased compounding interest like this:
“Its a opportunity cost. If you by a corvette now it will only depreciate. If you invest the money you would have bought the corvette with, it can turn into a million dollars years down the road.
So, a corvette now = $1M in 30 years if the action to invest is not taken. Thats a big cost for a lack of patience and the understanding of compounding interest.
Yeah but some people want to drive it when they are young, not an old prune.
Who here buys a corvette for 100k though lol? The scenario's point stands as an example of compound interest but:
1. You can get a secured collaterized low interest loan for the corvette. At 3% interest, the interest cost on the car is 3k per year or less.
2. If you purchase the right corvette with the right deal and sell after 1 year of ownership plus not place too many miles on the car. You can signficantly reduce depreciation.
yea well he was probably white and privileged.
Everything is becoming so unaffordable that most people have no choice but to buy on credit. The banks and government are making it this way on purpose so they can take even more of your money.
@@stevenmeyers1226 credit is what carry most of the world economy, and it's better this way (at least when the laws are respected, so the risks aren't high like for evergrande)
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job . All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market?
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into investment advisors for a strategy that suits your goals.
I fully agree; I'm 60 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one.
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "LISA ELLEN SHAW" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
the bots are programmed to snatch fresh blood. do NOT get duped into trusting a financial advisor.
do your due diligence, research this stuff. its not hard.
the answer is simple: invest in a well diversified index fund with low costs.
that is it.
everything else is speculation, gambling and bs tbh! this includes gold/silver, btc/eth, single stocks, ai (ai bubble pop is gonna shake the world!)...
The advice in the video is excellent and true for the typical American. It was easier for me to get richer after my first $100k with the method of diversification for my investment portfolio. Like spread my investments across different asset classes to manage risk. I focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks and bonds. Used the value strategy to seek out undervalued assets for potential long-term gains. Worked magic!
This is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. That is how people are able to make such huge profits in the market.
I wholeheartedly agree, this is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
@georgeh My collection has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?
@gatesbev Sure. I am guided by ''Heather Lee Larioni''. I found her on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@georgeh This recommendation literally came at the right time, I’m down by $9k on my portfolio this week alone.. its crazy! I just looked up Heather online and researched her
I completely agree. The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 53 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
Great job...thanks for sharing
Most people at 25 are still looking for good enough jobs.
@@wewhoareabouttodiesaluteyo9303 it’s very foggy at 25
@@thebridge5483 Currently 25 and it can be pretty foggy. But I also think people at 25 aren't thinking about this.
Hey, I'm 47 and just started investing in 2017.....well, if you want to call it investing (that's what i call it).....I don't trust the main stream markets or the monopoly money Federal Reserve notes, so i invest in gold, silver and Bitcoin. Been a construction worker most my life and haven't made a huge amount of money, but luckily my house is paid off now so started investing in what i think is a safe place for our likely future!
Oh ya...i also invest in food and ammo...lol!!!
As a soon to be 59 y.o. who retired at 53, all very true and good advice. Achieving financial independence is the key to a happy and successful life, being wealthy is not necessary.
It’s even harder being first generation with no knowledge on financial literacy , I will be the one breaking the curse on my family . I’m omw to my first 100k , hopefully everybody watching this video gets to that point
You can do it! It's easier than people think 👍
Exactly how I felt I’m studying to increase my financial literacy as we speak and will have my first 100k this year
You'll get there for sure Tony! The fact that you're here is living proof
I understand where you're coming from, Toni. It's always hard to be the first one to do it differently, but I hope you don't lose the courage and the will to do it anyway. I'm rooting for you, brave soul 💪🏻 I pray you are doing really fine now and I wish you all the best!
That's awesome Tony! Wish you the best.
Part of what makes the first $100k tougher is you're new. I made rookie mistakes (dividend investing) the first year or two, and investing wasn't as routine. It took over 3 years to hit $100k, cheerfully accepting 10% returns. The 2nd $100k took a little over a year once I switched to growth stocks. Once you're getting good returns, you start throwing everything at it. Get a bonus? Invest it. Get a raise? Invest it. Tax refund? Invest it. Fiancee returns your ring? Invest it. ;-)
LoL at the last part.
The large majority of my investments are in VOO and VTI with 10% allocated to an international stock ETF (VXUS). Started this year and already close to $30k in it. Next year I’m hoping to get it close to $100k and snowball it from there. In 19 years I want to be able to retire if I want to and only regret not starting earlier.
The problem is if we hit a bear market. During that dividend investing will be the best option.
Good thing a fiancee only...
Good video, got lucky with TSLA tonget me past 100k quick, but its slow going getting to even half a million (wife spwnds way too much).
Right now I’m 22 with just about $70k saved up. I’ve been “aggressively” investing in index funds since I was 20 and saving every penny possible. Hoping to reach $100k before I turn 23 next August
Fortunately it only took me 3 years to become a millionaire. If I can do it, you can too.
You’re doing great, keep up the solid investing!
@Hapa Boy is there something wrong with index funds that I don’t know of?
@Hapa Boy I have a good amount in crypto as well.
I am turning 45 next month and only have about 300,000 in my retirement investments. I wish I was a little wiser when I was your age on financially investing for my future. I am having to kick it in gear now. That being said as the old adage goes... “everything in moderation”. It is unbelievable how fast life passes by. Though I should have saved more for my future I did not blow all of my money on frivolous things. (Maybe some of it...) I spent a lot of my money on experiences that I loved. I would not trade the memories I have for ten fold the money they cost me today. You are hand over fist above average in your investing strategy at your age. I commend your ambition but I also strongly suggest that you equally invest in what you love to do and to live your best life.
When you invest you're buying a day you don't have to work
Most people venture into crypto to be a millionaire meanwhile I just want to be debt Free
@luke ben Same here, I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late
@Madie Zancanellatl buy a put on ddog
There is a way to create more income in a sense to that.. some ways are better than others
@Madie Zancanellatl I have been investing with a solid platform with about 12%/ month returns. I started with $5k. I increased to $30k principle. Reinvesting with weekly gains.
The short answer is that the first X will always be the hardest for any value of X because investments (done correctly) grow exponentially. The first X will always consume a disproportionate amount of time compared to subsequent subdivisions of X.
@INSTANTPROFIT•ORG you closer to your goal and holding strong still?
Thats assuming positive returns
@@lppoqql yeah unlike 2022, but those kinds of years happen. It isn't the first and won't be the last. Hopefully we are on our way to a market recovery. I personally increased my investments quite a bit last year, getting the stocks on sale so when it does bounce back, it should pay off substantially
I watch several TH-cam videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands
@WilliamEthan00 What is the name of your broker and how do i connect with him or her ?
@rachealhubert74 Wow that was easy, i found her website and left a message for her . i hope she reply me. thanks.
@@Patricia-Margaret Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
People who are successful don't only appear that way. Hard labor produces the things that most people view as riches, a fulfilling profession, and purpose.
Getting rich easily absolutely exists and happens everyday.
Getting wealthy is hard work ☹️.
I prefer the Kings GBP Sterling, far more genuine currency if you take into account the Trillions of debt the US government owes ✌️
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
Regardless of the market and economic downtrend, I've been on constant profits. Social trading is the best
So far, the best strategy is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed.
I'm in my 50S and I'm more interested in investment that could set me up for retirement. I mean I have heard of people that netted hundred of thousands during these crash, i listened to someone on a podcast who earn over $650k in less than a year. My question is what is the strategy behind such returns?
Well as you know, bigger risk bigger results. But such impeccable high value trades are often carried out by pros.
wow, I'm kind of surprised to see you mentioned Mrs BEATRICE, I thought I'm the only one trading with her. I'm already on my 3rd trade with her and I invested heavily on it.
ᴍʀꜱ ʙᴇᴀᴛʀɪᴄᴇ ᴀQᴜɪʟᴀ ʜᴀꜱ ᴀɪᴅᴇᴅ ꜱᴏ ᴍᴀɴʏ ɴᴇᴡʙɪᴇꜱ. ɪ ᴍᴀᴅᴇ ᴏᴠᴇʀ $78ᴋ ᴡɪᴛʜ ꜱᴏᴍᴇ ᴀᴍᴀᴢɪɴɢ ɢᴀɪɴ ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ. ʜᴇʀ ꜱᴛʀᴀᴛᴇɢɪᴇꜱ ᴀʀᴇ ᴠᴇʀʏ ʟᴜᴄʀᴀᴛɪᴠᴇ
My first investment with Mrs BEATRICE gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
expert Mrs BEATRICE she's really amazing with an amazing skills she changed my 0.037btc to 2.015btc convex
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
i agree, that's the more reason I prefer my day to day invesmentt decisions being guided by a financial advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over $1.8million.
“Vivian Carol Gioia’’ You can easily look her up, she has years of financiaI market experience.
It’s so true. Took me what seemed like forever to get to the first $100K. Then $200k came a little easier, then $500K. Things start really click fast when you get to the first $1M
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How long did it take u to get to 200k compare to the 100k. And congrats
Of course it did. By the time you have $1m the income it generates is like having a minimum wage slave working 24/7 in your basement. Every $1m after that just adds another 'slave'.
@@mrwizard5012 An Army of Golden Slaves
absolutely!
The first $100k is definitely the hardest. I put so much blood and sweat into getting there while thinking it was not gonna happen. But when I got there it seemed like it took no time to 4x it. Munger was right. Do whatever you have to do to get to 100k and your portfolio really starts doing all the work.
Same. Took me like 9 years to go from 0 to 1. Then less than a year to go from 1-4
Here's to $1m in the next year 🥳
@@gabetorresx I hope so too. The hard part is over and we will get there.
That's why I'm all for the "make your coffee at home" analogy. It's not so much the $4-$6 a day you're saving. It's the mindset your obtaining by making choices like that. I'm sure the frugal(ish) people who are brewing their own coffee at home are a lot less likely to go out and buy a $80k car they don't need.
Yes exactly!
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
" It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid , instead of trying to be very intelligent."
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
I figured out my car that’s worth ($1’500) costs me $5’000 a year to keep on the road and fuelled. That $5’000 a year invested would be worth more.
So I have taken steps to get rid of the car and start riding my ebike everywhere and take public transport (which I pay $2’000k for a 365 day transport pass)
Because of where I like, it’s easy for me to ‘make it happen’ I don’t need to rely on a car.
I am excited to do this!
Spot on with this example! Alot of hidden costs are built into having automobiles and its crazy to think how much money get poured down the drain every year!
@@juanreyes25 How is taking care of a car pouring money down the drain? If I want access to anything that requires upkeep I have to pay for upkeep otherwise the item is useless. I would rather try to find a way to increase my income than just cut expenses because if I am lucky I can outpace money losses.
@@donaldlyons17 it's very dependent on your situation and psychology.
Housing anywhere you could ride an ebike to work is a lot more than rural places, but the job may pay more.
For me not having a car is not an option, family of 5 and shift work, but 3k a year in car repairs is hardly my biggest expense
you need to invest in a new keyboard
5k a year? I pay about 500€/year for insurance and less than 100€/month for fuel. Maybe 200€/year for general maintenance, and maybe 500€ in depreciation (I only buy used cars that have already depreciated). Where's the other 2.5k going?
Very true and the same with dividends. My first average £100 a month was the hardest and before I knew it I was bringing in £1000 a month on average simply by investing in large cap dividend stocks and reinvesting the dividends. Great channel Chris. Keep up the good work!
It's amazing how it snowballs! Thanks for stopping by.
That first consistent average 100 was a tough one. Getting past 150 was also painful to sit through. Then came 2. And shortly thereafter 3...and so on. As your income security goes up so does your peace of mind. This stuff really should be taught in school.
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
You should look at energy stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.
Please who’s this consultant ?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
@Stacy White I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership
@Stacy White You can connect with her on what'saap
+150
2273
5657
Excellent points. I'm a big fan of saving and keeping my finances in check. In my opinion, there is no value greater than knowing you have breathing room and no need to panic if you need to change jobs or get laid off. I'm still working on my first million, and I still have a ways to go, but it's true that once you start building up a solid investment portfolio, it really helps your money to continue to grow. It feels good when you start seeing your investment money increase at a point that it matches or beats the rate at which you can contribute at (but it's still important to keep contributing).
When I first started, I opened a brokerage account and put $500 on a stock that dropped in value by nearly 50%, and I sold. I felt stupid for not knowing more. So after spending some time doing research, I became a big fan of investing in ETFs like the S&P and the DOW that have historically had about a 10% increase averaged out over their years in existence. At first, it feels slow and pointless, but after taking on more raises, and continually investing (after of course paying off high-interest debt -- for me that is debt more than 5-7% and having a good emergency fund), it started really growing and being fun to watch grow. We're currently in a bear market, and it takes more effort to stomach this period while investing, but even during this time, I still have far more than had I not invested it and just left it in a bank account (or worse, just spent it).
There's no really secret sauce. Just the fact that most people don't find it fun to live below their means, save the extra money and potentially take on more work to get extra money (either by getting promotions or by taking on second jobs).
100% Accurate, the ability to discipline is pure psychology. Reaching 100K is difficult due to it being a “big” number. Once you’ve reached 100K, mentally you’ve realized that 1M is possible and more attainable.
I'm at 78k and never thought I'd get this far. First 10k seemed impossible then I aimed for 20k, then 50k, then 100k. I'm not sure what I'll aim for after 100k but I really struggle believing that I can even do it.
@@JB-ri6zp Keep at it brother, once you reach 100k. Reaching 1M will be much easier. Compounding works like magic.
I have been stuck at a little over 50,000 for a while now. My investments have hit a wall.
@@JB-ri6zp with what you have started? Give us feedback, help the begginers :D
@@JB-ri6zp you got this. At age 22 I YOLO my life savings into tesla and passed 200k last month
I am aware that continuing to invest during periods of volatility can be a smart way to build wealth. I’ve heard testimonies of people accruing over $250k in this red period. What measures can I take to achieve this?
You can do little or nothing on your own right now because it is a delicate season. As a result, I recommend that you hire a professional who can advise you on entry and exit points for the securities you are interested in.
@@ariannamasonwright That is very true! This red season, I was able to scale from $350K to $650K because my FA devised defensive strategies to protect my portfolio and profit from this volatile market.
@@jessicalandon8973 That's heavy! Keep it up. I could really use these advisors' knowledge; my portfolio has been badly affected. Who is your financial advisor?
@@ethanxavier4507 I did check her out, I see why you said she's probably booked up, her creds/resumé is topnotch. I booked a consultation with her regardless.
@@henryliam6037 Hello bot. I think you accidentally missed one of the replies that was supposed to be in your script. Be better.
When you invest, you are buying a day that you don't have to work, I pray everyone reading this becomes successful.
@John Alfred crypto investment, but you will need a guide on that.
@John Alfred reach out to him now on FB 👇
@John Alfred Mark J. Ramsey
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name COLLEEN JANIE TOWE and everything changed. In the first quarter of this year i made $370k and counting.
@@joshbarney114 That’s interesting, please how do i find the lady you just mentioned?
@@sophia253 Colleen Janie Towe is the coach that guides me. She’s a verified coach and she helped me see that returns can be made in both bull and bear markets. She covers things like investing, insurance, making sure retirement is well funded and looking at ways to have a volatility buffer for investment risk, lots of things like that.
@@joshbarney114 ’m delighted to engage in this opportunity, I just found the professional’s web page and have already written her.
I’m a few thousand away from my first 100k invested taken me about 3 years and it’s so hard not to throw money into it aggressively I will continue to take my time and not make irrational decisions just because I want to hit the 100k mark. when it happens it will happen
You're almost there 😬
3 years to reach 100k is actually really fast, on track to becoming millionaire quite fast i reckon
Update I just hit 100k even though this tough market
@@rubenalvarez1368 what are you investing in?
Congratulations 🎉
I will forever appreciate this channel, you've helped my family alot, your videos, advice, lessons and funny words are inspirational and helpful to us. My husband and I have been able to be minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation. we all love you
Thanks I will love to be your friend as well as sharing some experience and business lesson about your earning
@@creghamilton433 You're welcome, can share some business tips that helped me,
1. Plan towards it
2. Be minimal on spending
3. Save money wisely towards retirement 4. Save to invest, it's a proven way to get richer.
Please share more details, I don't want to remain out of ignorance
All about finding the right opportunity in the market and take advantage of it
@Neoa Donard There are lots of investing options (real estate, stocks, gold silver, cryptocurrency, Airbnb, ETFS)
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree. Having an investment advisor is the best way to go. Based on a direct encounter with a CFP named NICOLE DESIREE SIMON, I can say with certainty that their skills are excellent.
how can i align with her?
Most likely, you can find her basic information online; you are welcome to do further study.
I just checked her out and I have sent her an email. I hope she gets back to me soon.
I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Are these good stock suggestions?
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Amy Desiree Irish” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked up this person out of curiosity, and surprisingly she seems really proficient. I thought this was just some overrated BS, I appreciate this.
I started investing when I was 18-19. I continued living at home and worked, with most of my money going into my portfolio. I reached my first $100,000 when I was 24, and $200,000 at 26. I moved out soon after that and now my returns are almost half of my actual salary.
That's great 👍
Instant profit🖤org worked for me like the magic witchcraft of making money lol. You don’t need to work a job ever again.
I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@JosephQuiroz91 It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.
@JosephQuiroz91 Hi, please who is the expert assisting you and how do I reach out to them?
That's a really great video, very well explained! I started to invest when I was 35 and my goal isn't to live a luxury life but to have more free time.
To save 100 grand is the ultimate sacrifice. You'll definitely cut down on going out, eating out often, maybe not traveling to foreign countries and then you'll definitely have to be very frugal once you see the zeros on your bank account. This is the best money advice.
Having a job with a 401k/403b with an employer contribution is huge. I had practically no savings until I got a job with great benefits at age 35. Even at 45 I wasn't worth much. But now I'm 59 and would have been worth a million this year if the markets had not tanked. But I'm still growing my wealth because I keep finding side gigs that pay my basic expenses and and my regular salary gets put into various investment options.
I hold enough in the bank to pay bills. Everything else goes to assets
Now is the best time to buy your BTC, hold it and watch it sky rocket
@@richardfernande4142holding your assets is not the best option but investing them into a professional broker
As a beginner investor it is essential for you to have a mentor to keep you accountable, Myself I'm guided by Mrs BEATRICE a widely known crypto expert
+1
54041
The first 100k wasn’t as hard as the first million. The motivation and drive propelled me pretty quickly but the constant grind to hit a million wore me out. But everyone is different.
As far as I know, 100k to a million is all about promotion. Am I wrong here?
no. its 10x more.
When Charli says 100000$ is hardest keep in mind that 100000$ in 1944 and 100000$ 2023 are not same thing.
Big facts. It took me about 6 years to have 100k. And honestly it’s all about consistency. Like they say, its a marathon, not a race
@@nikolahekler2713 Put a dot every 3 number characters otherwise it's very hard to read. Or just type 100k.
Curious if anyone here has tried copy trading.
What was your experience? I'm relatively new to trading and I am looking study some traders and copy their open trades rather than investing myself and lose money emotionally.
To be 100% honest with you. I had the same
question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents. Goodluck!
I also have copied the trades of some experts
in the past. Tho its the easiest money I made
on the market, plus you also get a learning
opportunity while you earn off their expertise. Unfortunately, I still haven't gathered all the knowledge I need to DIY trades,›but I'm on my way. As long as you do your homework on who you're copying and what their strategy is, it's a nice hands-off way to investt
I usually go with registered representatives.
ROBIN WILLIAMS, for example has the best performance history (in my opinion) and does offers 1v1 consultation to his copiers which I think is amazing. I don't know how many traders like that are there
I successfully trade in my own portfolio, and
also follow others because I'm interested in
their strategies. I realized I've got better at
managing the trader's strategies too. There's
nothing wrong at all with having someone far
more dedicated manage some of your
portfolio.
@@dn.andresmunoz3008 Thank you so much I really
appreciate. If you don't mind, how can I get in
touch with your consultant
I knew a guy who started working at 15 and had $100,000 saved by the time he was $25, he litterally had to save just $10,000 per year on average to reach this goal. When he was 25 he got a better career and by the time he was 30 he had $300,000 saved.
Way too much time
@jameskarrie298how so?
This is one of the best videos i’ve seen in terms of putting you in perspective through different circumstances. I am hoping to be a financial advisor within the next 5 years and I think all of these points will help me relate to future clients and their mindset starting out. Thank you.
Thanks for the feedback, Chris 😁
Building wealth involves developing good habits like
regularly putting money away in intervals for solid
investments. The stock market has plenty of
opportunities to earn which I myself took advantage of.
I made my first million from going diverse, mainly
ETFs(stocks, bonds etc), bitcoin, and gold. Investing in any of these should be in everyones mind.
Yeah! With the current problem around the world today I think it's best everyone invest more in digital asset than
Saving in banks and real estate. Just my thoughts
@@loganchloe7182 Speaking of digital assets do you mean bitcoin?!
@@loganchloe7182 I don't think investing in bitcoin now
is a good idea, i'm currently running on huge loss the
market is crashing
@@burjkhalifa1718 this is more reason you should invest with an expert, even with the fall in price I make good profits weekly from my investment in bitcoin. Last week I got a profit of $56,000
@@burjkhalifa1718 digital assets like bitcoin are actually the best
way to save money cause you are earning will you
save unlike banks
I didn't get my first 100K until I realized I needed to stop trying to "do exciting things" with investing, I needed a stable, simple, boring strategy that I stuck to with cold-blooded determinism. But I'll finish with saying "Keep at it folks, it's very true that it just starts getting easier and easier", I'm now retiring at 60, my wife already retired at 50 (granted that's also because I built up a very profitable business over 20 years of struggle).
The first part is soo common for new investors!
Give us some blueprints we can walk on?
@@mitepainera69 LEARN LEARN LEARN about investing first and foremost. Avoid ANYONE or anything that promises you impressive returns, avoid any MLM schemes, pyramid schemes. I lost valuable time due to being stupid and believing people.
You are bound to become the best advisor to you, because you, and only you, have your best interests in mind.
Compound interest is a lovely thing.
Absolute safety is a myth in investing. You do have to entertain some risk and be in the market, if you want to invest.
Real estate is very well worth considering as part of your approach. But same thing, you have to learn learn learn about it before making a foray. Due diligence is the watchword of real estate (or any investing).
Consider investing in things you have knowledge about, in companies that you admire.
Never put all of your eggs in one basket, and never believe you are financially secure with only one income stream. The more income streams you have, the more you are protected from the vicissitudes of life and the economy. The more diverse your portfolio/holdings are, the less at risk you are from a sector crash or collapse of one industry.
Staring a small business is not for the faint of heart, it's for the determined, focused, driven, hard worker who is willing to work long hours, sacrifice time off, and constantly research and learn and recover from setbacks and failures. But building a small business can result, eventually, in having the cash flow and/or asset that launches you to another income level entirely. I started in 2002 making about $10 an hour. In 2021 I now own four properties in California, due to the success and cash flow of my business and the business my wife and I started, grew, made successful and then sold to a VC company. Was it worth the blood sweat and tears? Oh yes.
I wouldn't discard investing in everyday mutual funds as "being unsophisticated" or "for the masses". I have probably 30% of my entire net worth in mutual funds. They have done well. Some depend utterly on them, having zero knowledge of investing and not wanting to take undue risks.
Buy low and sell high, investing is a marathon, not a sprint. I watched friends sell off in the 2008 crash. I shrugged and didn't sell anything, in fact I bought more heavily into the market after the crash (I bought low). 18 months later all my stock had recovered and then continued to grow. Once in a while I'll sell. If I think a stock is very very high.
Don't be a rear-view mirror investor. You bought shares of XYZ at 15, sold at 70, and then five years later XYZ is at 200? Whatever, learn what you can from this, but don't regret the fact that you made profit and don't change a successful solid plan based on an anecdote. Similarly don't dwell on losses, LEARN from them. Pain is either something you elect to drive you down, or something you elect as a harsh TEACHER. Make pain your teacher, not a block on moving forward.
Read the book "The Richest Man in Bablyon", then read it again. Once you have read it twice, either make or review your budget.
The news and much "financial news" like Motley Fool often gives very misleading or bad advice. Do your own analysis, your own investigation, come to your own conclusions. Don't trust the opinions of pundits, they are often paid to render these opinions and certainly do not care what happens to you if you follow their advice/info. Sources like Chris Invests are fun and helpful, but again, do your own research, keep your own counsel. This particular video gives an EXTREMELY valuable insight: the first 100K is absolutely the hardest. After that, your progress starts to speed up. The more progress you make, the more potential you have of things speeding up. You do eventually hit a limit where to how much you can put your money to work, but if you do (I may never reach those heights), hey, well freaking done to you!!
Hope these tips help you as much (or more) as they have helped me. Citation: February 2002 net worth of 0.00. December 2021 net worth of 3M. And that's having made a lot of laughable, dumb mistakes over time, or some mistakes that "everyone else" made, remember the paragraph where I say let pain be your teacher, because pain will show up.
It's like Japanese mahjong, riichi and tanyao keeps you winning, good yaku only happens when the stars aligned, force your hands into those yaku is usually a guaranteed lose.
@@mikeg3439 Very good of you to write all this. I've taken notes.
I'm 28 sitting on around 50k in investments. I started about 3 years ago but didn't get serious and dedicated to DCA until 2020. So far I feel like I'm on the right track it's just a slow grind. However it does feel amazing making 200 a month in passive income! My next big goal is 500 a month, thats almost my mortgage! Excited for the future and to really see the snow ball effect in action!
It will only snowball from here! 📈
@@ChrisInvests I cannot wait to see it! I'm almost at 2k for my first year in passive income. Hoping to at least double that in 2022!
@@HeyLookItsThatGuy13 how so if u don’t mind me asking with passive income … dividend stocks?
@@jromario9781 no I have my cryptocurrency on a lending platform that pays a percentage every week. It's very similar to a bank, they give out crypto loans and charge interest and you get a portion of that
@@HeyLookItsThatGuy13 what platform if u don’t mind. I want to start doing that as I’m sitting on a good amount of crypto
Great video, nice drawing there, easy accessible information for the brain. Loved it!
From experience I believe it's because the first $100,000 you have to get to by yourself. After that the growth helps a lot.
Started 2.5 years ago and am up to $68k, with a goal to get to $100k by the end of this year. Driving a 13 year old Honda, putting my pay raises into investments, and living below my means all helped a lot!
That's great! 👏
I have found living WELL below your means, cutting overheads to the bone is AMAZING at helping savings to increase dramatically. And just stopping wasting money on frivolous little things. It's alright to get sushi every week, but if it's always a case of beer, a lottery ticket, this thing, that thing, ALWAYS buying lunch and ESPECIALLY gas station food, it ads up to HUNDREDS every week. I come across a guy who was buying cigarettes but DIDN'T SMOKE. He was only buying them because his friends would often want a smoke whenever he was out with them. But DIDN'T SMOKE HIMSELF!! I couldn't believe it. Of course he had never saved a dollar in his life.
You reach that goal?
@@OffGridInvestor On the flip side, I can appreciate wanting to share with one's friends. It's one of my chief motivators for investing.
What are you investing in if you don’t mind me asking
Great video and certainly agree with what was mentioned. While the first $100k is the most challenging it is the most rewarding feeling. Small steps leads to a great distance and of course as you build it is that snowball effect!
Definitely! Thanks for stopping by 😁
First, cut your spending. Then get out of debt, stay out of debt. Then build your emergency fund. Then invest as much as you possibly can. I did not wise up until I was 46. The median household net worth for my age is now $212,500. Not only does our net worth now exceed that my many times, our net worth grows by more than twice that amount just this year. But I would still have a low net worth if I had never decided one day to become responsible with money. Had I started in my 20's, I would be a philanthropist by now.
That's fantastic! Thanks for sharing.
This was absolutely true for me. Took me 8 years to get my first 100k, some well timed Covid and WSB trades got me to 200k a little over a year later.
@INSTANTPROFIT•ORG just over half way there due to be there end of the year! Hope you made it there by now
Keep it simple guys. DCA every month.
This is the way!
Can't even lie to you man, this "being different now so you can be the difference later" thing is hard. The not going to parties, not buying nice clothes and everything else that comes with the discipline of being a young investor gets pretty rough at times especially seeing everyone splurge on social media. So this video is really keeping me going right now, just wanna say thank you, i really appreciate it more than these words could ever convey, 100,000!!!
It's all about balance!
It's about the discipline to practice the right habits and the kind of people you mix with. Build up the habits of financial prudence and talk more with the people who do the same. It's fine to have some small pleasures in life, but create and stick with a budget.
Jason, also consider uninstalling social media. There isn't much benefit to using them these days.
You don’t need to skip parties just have some pre drinks at home and limit how much you spend. You want some nice clothes put a budget in place that is separate from you investing budget. It’s all about balance
There is a big difference between looking rich and actually being rich. Most people who look rich or actually the ones who are most in debt.
Financial management is a vital subject that many avoid, often leading to future regrets.
Absolutely, financial management is crucial for long-term stability and peace of mind. Avoiding it can lead to missed opportunities and financial difficulties. It's never too late to start managing your finances wisely and securing your future.
Financial management is crucial for long-term stability and peace of mind. Avoiding it can lead to missed opportunities and financial difficulties. Working with a financial adviser has really helped me get on the right track and secure my future.
It's great to hear how beneficial working with a financial adviser has been for you! I'm definitely interested in working with a financial adviser myself to better manage my finances and secure my future.
*Whitney Kay Stacy* is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable asset.
She looks to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Its also important to control your impulses because smuggling your salami on random 304's too much can result in unwanted children that can set you back $250,000 for each kid you create. Build your nest first and protect your seed gentlemen.
304's...
😆😆
Don't talk about your baby mama like that!!
I’m glad I pulled through, despite the crises. I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts ... Stay Motivated!!!
The first step is to live below your means and save. This alone is difficult for most people - either they earn very little money or they have a lot of expenses. For the average person, its a behavioral problem more than anything. Luck also plays a role as some life events are very financial burdensome. Family and friends can be either a hindrance or accelerator.
Accumulating $100K in the bank suggest that you've been able to successfully budget and save. You created a disciplined habit which momentum can carry into the future. As the wealth accumulates, passive income grows and its much easier to live life and breathe. Once passive income reaches a point where you can quit your job, then its just a matter of keeping expenses low enough to maintain growing wealth.
Well said 👏
Why do you think for most people the problem is behavioral? With almost half the working adults making 50K or less but housing costing in the 300K - 400K range there may be an income or expenses problem for many. I do not understand why people ignore income as the most important part of having money to save and invest. I have to have an income that pays me more than my expenses every year that is why after 14 years I have 39K now. IF I had been unlucky enough I would be broke or in debt without the income right?
Ok. So let's say I have the ability to live with my parents and save 20k a year I'm 29years old. I'll be 34years old but my social life is ruined no girlfriend no freedom is it worth it at 34?
@@eliincomeice6036 It depends on what you value more. Do you want the money more or do you want the social life? I always wanted the money more myself but I have found getting a "good" job is far better. Problem is better jobs are harder to get too.
@@donaldlyons17 I agree. Nothing in what I said contradicts what you say. I said some people make too little, some have large expenses. However, for most average people (around average income average expenses), they have some ability to save (even a little). Most important is that they do it consistently - seldom living beyond their means and acquiring non-productive debts.
Its not easy, but its a matter of discipline and delayed gratification - behavioral habits that can be cultivated in oneself.
Some people will also have bad luck in terms of financially downturns, which is another reason to save and/or get insurance.
Life is tough man. Having 39K is an achievement, I'm sure there are people you know with similar incomes who have 0 right before payday for no good reason other than the habit of spending it all.
I started investing in dividend growth stocks in April 2020 and finished the year off at 19k invested. Fast forward to today of November 2021(over a year), I’m at 38k. Compounding truly works, but contributing every month has definitely played a major role in the process. Just Keep going or at least start if you’re reading this!
That's great! You'll be at $100k in no time.
Also a solid time to start investing
@@colewildenhus7207 at all time highs? I mean the best time to start is always yesterday but not sure the valuations of today are cheap.
@@aquabliss9194 Valuations maybe high, but it’s also not worth it to put off investing just because of valuation. That’s basically like trying to time the market instead of being in the market. Greatest strategy for the fear of high valuations is dollar cost averaging.
Todays highs are tomorrows lows.
How do you clarify which stock is dividend growth, please? I am starting to invest in 2020, I am newbie .
Got to my first 100k this last year at 32! I'm going to keep upping my contribution so I can get that first million asap
Nice..youre way ahead of the game. Im 46 at $115000. Been really at it the last 2 years.
Congrats! You'll be there before you know it.
Had I invested $1K in $MSFT in high school like I wanted to, I'd have something like $60K from $1K, had I invested my other $1K from summer jobs into $TSLA in HS like I wanted to I'd have something like $150K. Had I invested the last $500 I had into BCT and used my gaming rig to mine while I was at school/sports/asleep for 10-18 hours a day I have absolutely no clue how rich I'd be, but I'd be filthy rich compared to what I am now at 25.
Better late than never though. I learned how the market works pretty well, learned to minimize losses and maximize gains independent of market forces pretty well. Basically my life is composed of long holds on growth stocks and mid-term puts on the biggest players in irrational markets. Once this real estate crash hits catch me being a landlord.
Opposite for me. First 100k was easy. After that it started getting hard because I lost motivation
Great advice. I hit my financial goal when I was 29 years old I am getting average annual returns of $49k a year with all my portfolios combined. It's was a tough 7 years after graduating college working a lower wage job, but being frugal, disciplined, and working hard to improve your career and income its worth it. And when you keep compounding your wealth at this stage you will be already conditioned to staying frugal and your wealth will skyrocket!
With what you have started with?
I've finally hit a point in my life where all of my finances are in order and I have extra $. It took until I was 30 to be in this position and I implore every 16-29 year old to start earlier than me but once I started ($250/wk) I started seeing myself wanting to put in more when I got a raise / bonus and the snowball took my money and made it grow exponentially. Eventually towards the end of my investing (investments, IRA, 401k and cash balance account) I ended with about $5.2M in many different accounts. I was lucky and had a partner that made enough money to pay for monthly bills and I implore on finding someone that works with you financially and doesn't buy too much (though still remember to live).
Great job 👍
@@asha-vahishtahe already said it at the end, he got lucky
The average 16-29 year old doesn't have 1000 dollars of disposable income they can use to invest.
A big part of the secret to building wealth is self control and desire. I always see a bunch of comments in these threads like “he got lucky” or “who can do that at 20”. Instead of figuring out why his formula can’t work for you, try figuring out what you CAN do in your situation. Don’t make enough? Figure out how to make more. Can’t save $250 a week? Figure out what you can save. Do you want to build wealth badly enough to sacrifice some lifestyle choices? If you’re in a hole, the first step is to stop digging.
@@tywebbgolfenthusiast8950 This guys is talking about having 5m in investments by 30. And saying you should start putting down 250$ a week ~ 1k a month. You have to be pretty out of touch with reality if you think that is feasible to anyone but the absolutely luckiest of young adults.
The selection bias is ridiculous and it's not gonna motivate anyone since people who read that are gonna look at themselves and see that "I don't even have a paltry 250/w to put into savings so I'm a failure and I shouldn't even bother".
"lifestyle choices" 250$ is 50-80 starbucks coffees a week. You can't really save that much with simple frugality.
I used the gov interest calculator. That guy had to invest something like an average of 30k a month to get to 5m. 30k is close to the average yearly salary in the US.
I’m almost at ten thousand in my first year of investing I started on my birthday in February I’m at 6000 right now it’s the most money I’ve ever had at one time I wish I started investing when I had my first job at 19
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Personally speaking I can 100% agree with this my first hundred thousand to 140,000 about was very difficult but now I’m about to hit my first million and I can confidently say 150 to 1,000,000 was considerably easier than 0 to 100
Wow, great!
The high rate of living presently requires a new dimension of earnings, despite the drop in bitcoin price will not stop me from investing
Someone told me that it's the best time to buy because there will be a huge pump soon
The most of living is making people go into different businesses anyways, but my problem is that the rate at which money gets finished on little purchases is so surprising
@@carlfrances186 I saw all this coming I had to switch to Crypto trading and I'm really enjoying the fact I made the right choice because of my weekly earnings
I make good income too from bitcoin trading and its been my most reliable source of income at the moment. With profits I've made so far I don't think i can get broke or lack anything because more is been generated daily through Mrs Cora James my expert
@@samuelsmith1079 How do you do it sir?
This year I’ve realized the “I’ll invest when I have more money” excuse is perfectly valid. I used to invest nearly half my paycheck, but had to cut down to part-time and now I can’t invest anything at all. When I start making more money again, I’ll certainly be investing.
Yup! It's better to up the income instead of forcing yourself to invest 90% of a low one.
Survival certainly outweighs investing, but that's the importance of starting early, and why COAST fire has such appeal to so many people.
I'm 33 and my net worth is at 400k. But I plateau'd at 150k for a while and then in 2020 the housing and stock markets went crazy. I had some money invested in stocks but a lot more was in real estate and that is the reason it has grown so much over the past year and a half.
Good job Kevin!! Compounding will make your stocks grow and inflation will take care of your real estate!! 👏👏👏
*AMAZING and very engaging video. getting rich is actually something else, i really do have a question For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally what's your take on this approach?*
This is ain't the first time i am hearing from this woman and her exploit trading world but i have no idea on how to reach her
I'm a beginner, how can i reach out Maria Hamilton? ANYONE PLEASE🙏🙏
i watched her on fox she was amazing....i am definitely writing her now, i cant miss out on this opportunity
Funny how people still believe the only benefit from crypto is holding, trading is the real deal. I am happy i've started learning and earning from trading with Maria Hamilton
@JamesBryan-qy2lx Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
My first $100,000 took 16 years of commitment, with setback to zero after setback. Didn't spend my first $100k because it was so hard to get. The second $100k only took 4 years. My first million 8 years later. My second million 10 years after that. Compound interest was the key to my success. Working on my third million but low interest rates are killing me.
Thanks for sharing. In what way are the interest rates hurting you?
It's actually quite easy:
1st: Start young - as soon as possible
2nd: Try to live as poorly as you can. What is the smallest and cheapest apartment/room/house/flat you can get live inn? Buy as much as you can second hand
3rd: Only 50% of your income should be for used for your needs and wants. 30% should go into a savings accounts. 20% should be invested (stocks, real estate, ...). Do these transactions immediately after you get your paycheck.
Here are some general tips:
Cheap Android phone > expensive iPhone
Learning new skills / languages > video games
My "American Dream" used to be have a good job, buy a house, have a family. Today, it's having financial freedom at the earliest age possible and enjoy the rest of my life doing what I want.
The first 100k seems to be so hard for some because you're basically still setting up a foundation for your portfolio to stand on and then the latter comes easier since now you're familiar with diversity ,where to place your funds and your investments compound. I made my first million from going diverse, mainly stocks. an allocation fund, S&P500 and coins ..with the help of my F.A Susan Kay Mack handling my portfolio it's been a year of steady growth.
Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.
I’m motivated now more than ever to dive deeper I read about Susan Kay Mack on the web! Interesting lady!!.
The thoughts and ideas here are remarkable
Did a quick search and found her web page. she seems very proficient, I wrote her and I'm waiting on her reply.
One of the best videos I've found geared toward people in the beginning of their investing journey. And I watch a lot of them!
Glad you enjoyed it, Drew! Thanks for watching.
I find the first $1mil in cash equivalent is difficult. Asset wise I already have probably 1.5 mil but they are in house or retirement or tax heavy instruments. So really what I have on hand that I can spend without tax withhold is just $100k and that’s nothing these days.
The fundamental reason its harder is because its a much larger scale. 1 - 100,000 (means 1*100,000 = 100,000), 100,000 - 1,000,000 (means 100,000 * 10). In these examples one increase is 100,000 times larger and the other is only 10 times larger.
Unless you start with 10k but yea thats a good point because I started with about 3k and now at 12k
1000 * 100?
Investment is taking over the market I still don't know how or what to invest in
This is very true. The more I save the cheaper I get.
I get the concept of investing but don't forget to live. In my youth, I had fast bikes, fast cars and girlfriends that would stop traffic.
If I had done none of that I would probably be a multimillionaire. Do I regret that... what do you think!
I didn't start investing until my early forties and my portfolio now sits around £360k ($489k) jumped 10k last week which was nice.
If that $100 meal was with a good friend or a beautiful woman I would never regret it, you have to invest in memories too.
I don't understand why people don't talk about this as well. I love to eat and travel with my wife, and I don't regret any money spent on memories with those I love. When we die, our assholes get stuffed with cotton, not dollar bills.
I did similar. travelled. learned languages. made friends around the world. Started saving 2 years ago. I'm slow but steady. 1/4 of the way there at 47 but more importantly my plan for becoming rock solid has fun built in! let's live! (fun includes hot women btw :)
This is so true. I made my first 100k in 12-2021. Just shy of 12 months later I saved another 70k. If anyone would have told me that I would not only make my first 100k but nearly make my second 100k in the same year, I would have lmafo
This is so hard when young, I wish all high schools and colleges had a required personal financial responsibility class to teach us the basics. But no the system teaches us to work laboriously in unfair and/or underpaid situations until we figure it out.
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge/professional
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
Well I have 1434 euro invested(I'm proud because it was harsh) in the past year. I"'m 20 years old, student, living in eastern Europe(average sallary is 600euro/month, but 90% of pop are living on 300-400euro/month). I'm working in insurance field (comission payments) and in 3-5 years I hope to reach 100K.
Hi As for me, trading has been so profitable because I was guided by a pro trader known as Mr Raini.with his working strategy / daily signals which turns out to be one of the best out there.During my first week i was able to make $18,000 in just one ☝️ week why don’t you reach him out
His mail address is up there 👆 reach out to him for help he will guide you
Great simple and truthful approach. I am still creeping up to the 100k but did become extra motivated once I hit 50k last year as was the most I ever had in an account. Since then I throw every spare $20 ,$50 or $100 that shows up right away before I reconsider on some toy or something. I’m looking likely bar a big crash to hit 100k next year but will probably just keep up the same routine, one I should have stuck to when I started my IRA 20 years ago but barely contributed. Now I am maxing the IRA plus some, and as am in my 50s, I am still on growth investments to make the more risky compounding pay off another decade or two from now. Thanks for the video!
Love to hear about the progress as everyone has their own story. Thank you for sharing.
Why so much in cash savings rather then stock returns?
@@bundyboy961 because not everybody fully understands the market