I got 2 cc at 18. Paid them off every month and they claimed I didn't ruining my score for a decade :D great advice. These companies don't want us to have good scores and will lie to make sure we don't
I have a honey bee farm so I am planning using us farm loans and farm programs to expand my land holdings. I want to build a fair size lavender farm that could make my honey worth more plus expand the cosmetic stuff I make to sell.
Appreciate the thoughts and ideas from Mark. However, many here should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches/tutors for optimal growth.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
Thats when you hire someone to manage your money. You need a financial-advis0r straight up! Even while $200k might seem like much, one bad decision might seriously deplete it.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Finding financial advisors like ''Amy Desiree Irish'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Yes yes yes! Retirement is freedom to do the things you actually enjoy. Early retirement gets a bad wrap because on the surface it seems like you just don’t want to work but in reality you want to have time freedom. Very well said Mark!
Well, it is partially true, i don't want to have to work, but rather work when i want to. I had the luck to have nothing to oi for 2.5 months. Let me tell you doing nothing gets old after 1.5 months and you automatically start doing something after 2 tops months.
When I tell people my goal is to retire by 35 they look at me like crazy. Most people don't even give thought to retirement. As far as they're concerned, a paycheck is to buy food and nice things, not a ticket to buying your way out of slavery.
Don't listen or pay attention to nay sayers. Stay focused, and on track. You already visualized it and working towards it, YOU will get there, keep on. Slow and steady WINS the race!!👍
My son introduced me to your channel and I think the advice you give is sound. It’s the voice of experience and a business man who is clearly very successful, but also a decent, honest and down to earth guy.
He's actually right about the credit card thing. My cousin talked me into getting one to increase my credit score. Purchase small things and pay it off asap it will build you up easily.
As a European I really don't understand what all this advice about building a credit score is about. It sounds completely counterintuitive: loan more money to show you're capable of handling money. I just buy what I can afford 😂
Ha! My wife got a car loan. She paid it off in 12 months or less. I couldn't use her credit rating for our home loan!!! My rating has way higher because she didn't pay on it for ong enough period. That was back in 2001 so things might be different today.
I think the ideas and concepts of this video are great and a good start to work towards financial freedom. That said, perhaps I missed the part where you can go from $0 nest egg to retirement in 7 years. If you invest at a 8% return for 7 years. You would need to invest approximately $9300/month. Or just $111k/ per year. That seems very unlikely for the vast majority of people (to invest/save $111k per year). It is briefly touched on at the end. But I feel like the title is for views/clickbait.
It is a lot worse than that. Based on the 25x rule, if you contribute $111K/year and assume you save 50% of your gross income (which is next to impossible), you will need $5.55M to retire. With 8% return, you will need 21 years for that. And mathematically, it doesn't matter how much you save, as long as you follow the 25x rule and save 50%, the result is the same. In order to do it in 7 years, you will need 51% annual return.
@@wgemini4422 live somewhere cheap like Chile, Argentina, Turkey, El Salvador, Georgia, Philippines, or even Taiwan. There's many other places you can live on 10k USD a year you can make 7+ dividend yields off energy stocks and reits so you don't need a lot saved like 180k would do and you'd have money to reinvest so you're always ahead of inflation
It is true that the numbers seem skewed, but it is possible to do within say 10 years or so. If you live on a tight budget for a few years, and work either overtime or start a side hustle and work more than the average person, and invest in good index funds that don't give back only 7% but morel likely 10-12%, like the S&P, than we are getting close to our retirement level.
Some time ago, my parents would not let me invest because the bank my dad used was TD but the Brokerage accounts required a $2000 minimum. I just looked for the smallest minimum requirement and now I can happily of passive income. I also made a side hustle that generates a small bit of income. I have two legs out of six. All thanks to your teachings, I have been successful so far.
Yea, now there are no account minimums, no monthly fees, it's the easiest time it has ever been to invest and still people are living paycheck to paycheck
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
The market crash and high inflation are stressing me about retirement. Despite the challenges, I know investing is a long-term game, so I'm staying focused on the future.
I'm nearing retirement in three years, and despite having solid companies in my portfolio, my profits have stagnated in this uncertain market. Are there any calculated profit opportunities in this recession?
We were supposed to pay off our house early. In about 5 years. But with the cost of things and fuel we probably won't make our goal. Very hard to save money right now but we can a little.
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning.
Start planning for retirement as soon as you can to take advantage of the power of compounding. Work with a financial advisor if you need help or advice.
I really appreciate that the description section tells everything that’s in the video unlike some other people who purposely don’t write much to make you watch the whole video. It helps because as a person who’s learning things by watching and listening, some of the information can just go over my head. But with everything written down for me too, I can slow down and really learn what I’m hearing. Thanks so much!
Just came across your channel and this is the first video I watched. Liked and subscribed. Thanks for the clear and concise content. I went through a divorce 5 years ago and restarted with nearly $0. I fixed my credit, paid off high interest debt. Started a new career as a truck driver, bought a house and have a combined 401k/Robinhood account worth over 100k. I'm not a millionaire yet but I'm living proof that anything is possible!
I had a few motivation concerns a while ago because I was only investing into stocks I believed in and didn't understand how to pick reliable ones to grow from. After finding your channel I've had a lot more confidence and less stress in getting by because no one else was offering the kind of information you had in your videos. I sure wish I found these videos sooner because I'd have been in a position to begin some part of freedom, but after getting older it helps you make effective decisions and fall-back options. Thanks for looking out for people despite being wealthy yourself, there's such a negative stigma behind people having a lot of money because people always get jealous or envious but putting some of the advice into practice has already helped me so I know it's genuine. Thanks again Mark
Have a look at investing into the market via ETF, you will not beat the market but almost nobody beats it on the regular basis. With the s&p500 you will most likely average about 7-10 percent every year :)
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Your contents are always on point ❤ You and Gary Joe Wilde are highly recommendable investing experts every investor who wants to get rich investing must work with Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.
Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how.
These strategies are pretty rigorous for the regular-Joe. In fact, they are mostly executed successfully by professionals who have a lot of skills/knowledge to make such trades successful.
The only effective technique I use is to stay in touch with a financial coach for advice, this may sound basic or generic, but connecting with a financial adviser has been how I have been able to outperform the market for the pandemic and generate a profit of approximately $370,000 within 3 months of investing.
@@Ammo-Hoarder Interesting. I have a lump sum that does absolutely nothing to my bank account, I want to start something with it. You seem to be doing very well, how did you do it?
@@Ammo-Hoarder I am going to look her up too, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
100% agree about having a goal. Having a small, fixed, specific short term goal at the very least is crucial. Save five grand for example, or get rid of each credit card. My two pennyworth: Buy index funds. Don't borrow money when you shouldn't. Don't buy things to impress people you don't even like. In 2022 avoid cash as much as possible. If you have to take out a loan to buy a car, then you can't afford to drive.
@@damdaniel1 Because it's a terrible long term asset that pays virtually nothing and is subject to the obliterating effects of inflation manufactured by incompetent governments.
Lmao that line about the car is such bs. Financing my Lexus was an excellent decision. Raised my credit finally to 800 and I aggressively paid it off in 2.5 years.
You have a lot of great points and ideas. The only thing I would disagree about is I personally feel any debt is dangerous and should be avoided. But I know guys who have made money leveraging it so it's all about your willingness to take on a certain amount of risk. I love your multiple income streams, that is a brilliant idea and much easier for most people to do than they think. Sometimes the simplest and most obvious ideas take someone to point them out to us before we realize they are there!
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
In Canada the form of tax free retirement plans are called an RRSP, you can invest a certain amount per year based on your income and it wont be taxed until you remove it. You can also open a TFSA which is a Tax Free Savings account, you are able to put in how ever much the government says(it is the same amount for everyone) currently you can put $6000 CAD into your account per year. both of these are tax free options for investing if you live in Canada(even if your not a citizen, but there are some other walls)
@@weldinggirl canada has way less tax advantages in real estate like the US does though. As a canadian thats one thing that i envy about the US tax system
Fantastic video, wish I had this information 20 years ago. I'm now 42 and even though I've managed to bring out debt to income radio down from 49% to 16% I still struggling to leave the 9-5 and do my own thing
I'm 56 now. It took several years and many jobs later to get to where our annual expenses are 50% of my net income. Everything takes time. So if you are saying that you still have debt that amounts to 16% of your net income then you are getting close. So kudos for that. I read a book when I was 27. "The Millionaire Next Door". That book taught me how not to spend my money. By 34 I was debt free. Then I got a married. The plan was to save for 5 years to buy a house cash but my wife wouldn't listen to my logic. Now WE have only $149,000 left to pay it off. Even though WE could theoretically pay it off in the next 3 years WE had to put that plan on hold. Because my daughter is off to school and we are paying it all so she doesn't start her career in debt. So it will take a little longer to pay off the home. But we have no credit card debt, no auto loans, no using our home equity to borrow any money. We live well but we don't waste any money on impulses or things that lose value over time. Hopefully no suprises in the next 4 years!
@@Movieman1965 keep your health up too brother. off all the earthly possessions your wealth is the most of your wealth.... im 38 n decided to hold off on kids n marriage so i could get myself into a better financial situation. right now my only debt is my mortgage n if i go hard working these 2 jobs i got now on paper i can pay it off within the next 12-18months. delayed gratifications i call it.
Coming back from homelessness after deployment,imo: don't accept no for an answer(if you get shot down, regroup, recollect yourself and educate yourself over your mistake and look into another approach), to touch on the last area, if you don't know something about what your doing start researching, and the biggest thing that the service taught me is the best way to achieve any goal is to put one foot in front of the other( ie you can't hope to achieve anything by not taking any action. Do be afraid to try something and fail, I'd be afraid of never knowing due to not trying
quit your job. having your entire financial and possibly familly life on the line will prove which type of person you are pretty quick. the prospect of losing your home and puting your children on the street will motivate you to succeed at your business pretty effectively.
Started off as a drifter, wasted my 20s and have now entered the dreamer stage with plans to become a doer. I wish I knew a lot of this early as it would have saved me a lot of grief, but you live and learn.
Also now with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Index invest, diversify by sector and country, use registered accounts first (exclusively), stay away from margin, dollar-cost-average, wait 20-30 years....profit. Its still shocking that investing is not really taught at the high school level. If I knew at 19 what I know now.....retirement at 40 would have been easy peasy.
I'm pretty sure this is precisely why it isn't taught in school. The system requires workers to keep that GDP moving,. Imagine if everyone retired in 20 years and quite mindless consumerism. The whole thing would collapse. It will probably collapse anyway as robotics and AI scoop up more jobs than they create.
I want to invest but I don't want to benefit from companies in the oil industry and unethical companies like Facebook. How can I invest in index funds and avoid these kind of companies?
Growing up in the Midwest we learned about investing super young. I’m 26 and right now I’m projecting to retire between 37 and 40. Obviously not stop working completely because I’d go insane. But be able to live off of ~ $4,000 a month without touching the principle if I need to start using it to follow whatever dream I want.
Your Videos are inspirational and motivating. I've learned a lot from your video and I've been able to be minimal and frugal, saving and investing more for my retirement. Now I earn weekly. Thanks a lot man!!!
I'm very happy for you dear 😘and you're creating a great reputation for this channel and everyone,I will love to achieve this great goal you're enjoying now.
At 53 and a stay at home mom, I didn’t have any retirement $ of my own. I got a part time job and saved everything instead of increasing my lifestyle. At 56, I have $42,000 in CDs and $9,000 in an IRA. That’s making $12-16,000 a year. If you can say NO to buying things and eating out for a few years, you can do it too.
I have found paying off the debt with the lowest balance is the best way to go. You will end up potentially paying a little more interest but seeing card by card of credit line by credit line fall away and leaving extra actual cash flow every month (even if that money goes right onto another debt) is very motivating rather than spreading them out evenly for a long long time. in fact you may, like me find that after one or 2 are paid off you are even more motivated for the next one.
@TDVL Production depends. Usually running 8 or 9 credit lines and couple credit cards. Normally all at zero now. But it's nice to have if you have a house flip to do. Or the market Dips. But when I got out of school 4 had balances. Paying the equal on all 4 seemed OK but it seemed to go way faster and ibwas much more motivated by knocking them off smallest to largest.
my dad retired early and is stuck being discontent and unmotivated to get another job because he dosnt have to ~ humans are meant for purpose - instead of trying to work towards retirement work towards finding work you love.
Purpose is a good word but it doesn't have to mean another job, he can pursue some passion he has such as volunteer work, mentoring others (SCORE with the Small Business Administration).
Hi mark, I just wanted to comment that you really guided me to realize an important aspect I needed at this point in my life, I just turned 18 this year and finished school, I work a half time job as a waiter and I have saved a little bit of money. I feel like you thought me a big lesson about Money, and how it's working not only in my pockets, just the right time before I'm starting as a grown man. I want to thank you for that.
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral.
Your Spiderman visual was awesome! A great way to explain to children, why having strong foundations in any discipline is important. This can be applied to finances, education, sports, any philosophy you can think of. Thank you Mark!
I have actually had the wrong goal! I thought 5% was conservative, so I used that to be on the safe side. So my goal was 2 million dollars, but now I need to up it to 2.5. Good that I watched your video now and not when I was ready to retire!
Never set a goal and you will find the true meaning of being “rich”. If you have the money and you want to spend it, go for it. More than likely the thing you are investing in is something that can help you live a better life or even continue to provide for yourself.
I wish they teach in school how to approach life once in the society. Handling finances, emotion, and so on. Now a days, school are so generalized that a lot from the new generation are having a hard time figuring out where they fit, how to fit, and what they are really capable of.
Completely agree. Honestly though, at least for me, I was not thinking about retirement at that age, so not sure it would have made any difference. But could have for some. I think it is up to the parents to teach this, I plan on doing so with my kids.
I wonder if, in a few years, people will come to you irl or in comments to thank you for getting them educated enough to become fully financially independent. I thank you now for the tips and hope that i will be that person in a few years :)
Finding your videos very helpful, currently saving for an asset (house) and currently putting away a nice sum a month away in the Vanguard S&P500, 32 years at 8 % (hopefully) for over a million for retirement 😎👍 started late (28) but hey better start now than never 😊 looking forward to seeing what other videos you'll be putting out 😎
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Exactly. Yes cash flow helps when building wealth. But like he said 40 percent of Americans with 100k live pay check to pay check. I know a decent amount my self.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I’m 23, just finished college and I’ll start my engineering job in two weeks. I’m starting from zero and I really really want to learn how to handle money, I suck at it and know that it can ruin my whole life if I don’t figure it out early
Suggestion: Learn about multi dwelling properties. Purchase a small one. Learn more.. 2 -3 yrs later buy another. Continue to purchase properties. Do ya research on first time home buyer’s eventually put the additional and perhaps the first property under your llc…. Through obscurity if ya wanna stay anonymous Good Luck!
While trying to build income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $400k in a quarter of a year during high inflation
I’m 45 my husband 54 and we are retired living my best life now with my partner in Springfield.we gathered over $5 million for retirement, saving and investing as been our biggest success and made it possible for us this early. I’ve just stumbled upon this channel. *Thanks BTW mark* ❣️
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
The biggest problem with these steps is worrying about a great credit score/paying down huge debt. Contrary to popular belief, you can not only live comfortably without credit, it also supports healthy spending habits, which supports investing early and often. I havent checked my credit score in over 30 years and could care less what it is. It hasnt stopped me from owning multiple homes, land, & cars over that time. You dont need to "pay down high interest creditors/debt" if you dont fall victim to the credit trap in the first place. Pay cash or dont buy it, and dont buy it unless its a NEED, not a WANT, theres a big difference. Keeping up with the Joneses just puts you in debt like them and perpetuates the credit slavery cycle.
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
In theory it sounds super exciting, but it’s pretty much stay away from personal debt, work 2 or 3 jobs invest extra into your retirement fund. Then when you can afford to play with the share market. Passive income like ecommerce and drop shipping is that over saturated you’ll never make money from it unless you are using an original idea that people will actually buy. And it’s pretty hard to come up with an original idea these days. But still great advice.
Yes the same old stuff that's been said a million times. The bit that's really gotten old though is the whole withdrawing 4% a year for the rest of your life, how the heck is that supposed to work now that we're seeing over 5% annual inflation?
I would argue that you want to have a small emergency fund BEFORE paying off even high interest debts. Yes it takes longer, but if and when something breaks or happens, you aren’t putting yourself in further debt paying for a new clotheswasher on your credit card because you don’t have bail out money set aside for emergencies.
I really enjoyed the content. My retirement plan is secured. I have been making weekly payout from the stock markets after learning how to trade from my mentor.
I try to put away £1000 evenly into 4 different streams each month, REIT, Index Fund, Crypto and Emergency Fund. Thanks to your videos I finally took the commitment a few months back to do so!
Hi Mark, your videos made me start investing most of my money at 17. I've made over 14% in return in the last 8 months! Now I'm looking to get started into a side hustle!
kicked off my investment journey give or take 8months ago too, I Had my share of ups and downs with stocks when I first started off, finally reached out to an advisor for help, following her recommendations, I dumped 30k all in NIO and NVDA shares and call options, Up 200k so far!!! retiring with no fears at all
Mark for sure you are a great and hardworking man who stands in capacity of teaching and guiding the young generation love this content such a beatiful break down
Great video! It took me hours of reading about FIRE saving to learn this stuff so I wish I had seen this video first. I also learned a few new things! Thanks!!
Great video! Thanks for helping out the next generation without charging thousands of pounds for a course. You’ve been really helpful not only for business tips, but also for motivation.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I’m not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turned out lucrative for me.
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart 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.
research and analysis is needed in the market but experience always beats, i know of one kathy, kathy genelle britton , she has good experience and has helped me grow my poftfolio
I feel like the information you give is very accurate. I work full time for the insurance benefits that here in the USA would easily cost me upwards of $2500-month. My wife works part time and has side hustles she excels at like Ebay, Marcari, and others where she averages 1,000-3,000% profit. I really have no interests or hobbies except watching movies. I have no idea how to turn that into a side hustle 😂.
I agree with dudeist priest. You could start a utube channel taking about the movies you watch. There are a lot of people who love to talk about movies and you could give your point of view. Bet it would get a lot of views and comments if it is popular movies.
Also, a prerequisite to this plan is to be physically and mental healthy and not have people "on your team" that constantly and significantly sabotage your progress.
This is perfect. It's the process I've been taking. Great of you to put a guide out, I find it's accurate, and you're stories in between make it more personal. Thank you so much for this content. 😊
A thought I had about the extreme amount of young people living paycheck to paycheck: perhaps it has become more clear that the economy itself is a bad longterm investment and people feel powerless in securing their futures even if they were to pursue financial investment. It is inevitable that the global economy will collapse at some point, and even as someone who is interested in investing and knows exactly what my "freedom figure" would be (although I calculated it differently than you did in this video since my aim would be to invest as soon as possible in real resources that could enable a healthy and fulfilling life WITHOUT economic dependence), I still constantly consider that all modern currency could lose its value before I reach my "freedom figure" even if I am investing 90% of my capital into growing wealth. It is quite discouraging trying to build a stable personal foundation on an unstable cultural foundation.
@@LilyGazou trying to monetize access to land is extreme extortion. Land is not a product of human labor. Access to land is a birthright of all organisms that has been stolen by governments in order to keep people dependent on centralization.
Mark, i wanna thanks for all the information that you share on yours channel, i find it to be the most educational and well explain resource of finances that i find until the moment. 🙏😊
Mark is easily the most trustworthy chap on here, hes no guru promoting anything or preaching some nonsense, hes genuinely here to help us the new generation ❤
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Autist powers are the way, cant forget the overleveraged part(got 100k why not borrow another 100k and then using options to leverage yourself even more 😂, hey you'll either come out a multimillionaire/legend or a autist/loss porn king
I enjoyed this video so much! I feel like I’ve been told so many of the things you said in your video but none of them really made sense until now! You have a fun way of teaching and keeping someone locked in!
Also Taylor with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I think I am a bit older than your main audience you are targeting but I still love your videos. Thanks for the great food of thoughts. I hope your viewership keeps increasing, so that you stay motivated to follow this youtube-side hustle of yours.
He doesn't say how he made money. A lot of what he says for other people to do would take a decade. For example, how did he clear all his debts with exhorbant interest rates in such a short time? Was he dealing drugs? He does not give any specific advice on what to do or how, or base on different income levels. It's as if everyone is making 6 figure salaries and just pissing their money away on credit cards.
He is old school. He talks about taxes but doesn't even know about a nomad lifestyle. The rich pay less taxes because are smart and live where there treated best. Struggling to save 1m to draw 4% is sad. That thinking will never make me or you a billionaire with a yacht, you will make a millionaire when your 70 and dead. Plus a mindset does not make you money
If you can land a job making over 100K, and keep your expenses down to $20,000 /yr saving 70,000, in ten years you'd have saved up $700K cash, if that was invested, something something compound interest it's over a million.
Financial Independence Retire Early is a big trend right know. Thanks for sharing your knowledge through the video! Lets become F.I.R.E. as soon as possible! :)
Great video! The editing and content are well done! I knew nothing about investing or how to build wealth until just last year. I wish my parents had taught me about this stuff when I was a teenager.
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral.
My main job and very lucrative sideline went bust on the first weeks of Covid, so it was time to dust myself off and look for something else. But living in a tourist orientated town meant that 80% of the town was out of work and younger people with families trying to survive. But it took nearly a year to be so desperate and all my savings gone to turn to Crypto. It now brings in more money than my taxi and my Touring business. Great Video, 50 years too late but a great help!
Appreciate your advice while starting up a business for the first time, Mark! Been watching your videos a lot and your authenticity is just amazing. Any advice you can give, I'll absorb!
Also regarding that Matthew, you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Im 56 and did the degrees, and rose to the dizzy heights, had my own business and was a Consultant in what is now a dead end niche, crashed down again and have only had low level admin jobs and debt ever since, had to cash pension early to sort house repairs and debt, it just feels like its way too late for me now 😢
I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for,
I think it's especially difficult for retirees and near retirees, I know to focus on the long term but the anxiety when you're supposed to be retiring in 3years is super exhausting, I've been looking into hiring a market expert as well
I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an FA, I wouldn't mind looking yours up.
Sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me.
This video is incredibly motivating! The practical tips and clear strategies provided make the goal of early retirement seem achievable. Thanks for sharing such valuable insights!
I’m a virgin investor and looking to get into investing in the stock market but my friend warns me of the dangers involved in investing in the market. How true is this Carmella?
Thanks for the lead, I’ve also tried to get into stocks but I have not the slightest idea on how to go about it as I’m in Europe. Does he accept offshore clients?
Right now im doing stocks. Started off good, but with the covid scare. The uncertainty hurts the market. My money is just sitting there. In a year i should be in a decent spot to start looking at my first property. Btw i started working 2 jobs a year ago. Thats why i was able to start investing.
I watch a lot of finance videos so felt like none of this was news to me... until the spiderman visual on multiple incomes streams! You blew my mind. It actually only just clicked! Thank you. Quality content and entertainment in one. Subscribed
Know how much money you need. Pay off debt. Increase income. Save. Invest in tax efficient accounts, such as ISAs and pension accounts and no doubt use the power of compound interest which was not mentioned, surprisingly. How many times can we see the same 'different' video 😄
This video is so educated and learning from this video how you should build your life not on any kind of foundation and you should invest and also remember there are good days and bad days in the investment
Also Craig with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
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If you want to know how you can retire before most people in 2023 then you should check this video out next - th-cam.com/video/pjQ1HSZJXgw/w-d-xo.html
I got 2 cc at 18. Paid them off every month and they claimed I didn't ruining my score for a decade :D great advice. These companies don't want us to have good scores and will lie to make sure we don't
I have a honey bee farm so I am planning using us farm loans and farm programs to expand my land holdings. I want to build a fair size lavender farm that could make my honey worth more plus expand the cosmetic stuff I make to sell.
The reality kill all what You said in My life and still doing that.
I built my life so I have no desire to retire
Please.
Retire...
I just turned 2 years old and I plan to be financially free by age 9, this is so exciting!
🤣🤣🤣🤣
i just turned free financially and plan to be age 2 when I turn 9, this really is exciting!
I just turned age 9 years old and I plan to be free financially by 2 years, exciting so is this!
Just 2, I was already 3 when I was your age
Boiled fetus
Appreciate the thoughts and ideas from Mark. However, many here should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches/tutors for optimal growth.
I need a good finance coach, do you know one
EIizabeth Greenhunts
She’s top
Good I got here. Big Thanks
Many here needs this lnfo. Good stuff
Kudos
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
Thats when you hire someone to manage your money. You need a financial-advis0r straight up! Even while $200k might seem like much, one bad decision might seriously deplete it.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Her name is. TRUDY ELIZABETH STOUFFER . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Mind if I ask you to recommend this particular coach you using their service?
Finding financial advisors like ''Amy Desiree Irish'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Yes yes yes! Retirement is freedom to do the things you actually enjoy. Early retirement gets a bad wrap because on the surface it seems like you just don’t want to work but in reality you want to have time freedom. Very well said Mark!
Hi Kelsie, thanks for your support MT 😎
Well, it is partially true, i don't want to have to work, but rather work when i want to.
I had the luck to have nothing to oi for 2.5 months. Let me tell you doing nothing gets old after 1.5 months and you automatically start doing something after 2 tops months.
🤩🥰🥰🥰🥰🥰
"bad rep" not wrap :)
what is wrong with not wanting to work?
When I tell people my goal is to retire by 35 they look at me like crazy. Most people don't even give thought to retirement. As far as they're concerned, a paycheck is to buy food and nice things, not a ticket to buying your way out of slavery.
My friend, if you are in the USA, to achieve your goal, DO NOT GET MARRIED & DO NOT FATHER CHILDREN. Good luck with your goal. It can be achieved.
I tell people my goal is to retire when I’m 35 and people tell me I’m crazy too….. maybe cos I’m 45 and still working.
Your goal isn't ridiculous but going by your name I find it hard to imagine you know anything slavery related...
Don't listen or pay attention to nay sayers. Stay focused, and on track. You already visualized it and working towards it, YOU will get there, keep on. Slow and steady WINS the race!!👍
A goal and a plan put into action are to different things
My son introduced me to your channel and I think the advice you give is sound. It’s the voice of experience and a business man who is clearly very successful, but also a decent, honest and down to earth guy.
Thanks so much for the support. I’m glad to hear you approve of my content. I hope your son finds the videos useful 👊🔥
Dad?
He's actually right about the credit card thing. My cousin talked me into getting one to increase my credit score. Purchase small things and pay it off asap it will build you up easily.
The thing is my earning isn't constant and not huge as well thatswhy banks in India aren't issuing me a credit carrd!
I literally buy one thing on my credit cards like a candy bar pay it off and watch your score sky rocket 🚀 up.
As a European I really don't understand what all this advice about building a credit score is about. It sounds completely counterintuitive: loan more money to show you're capable of handling money. I just buy what I can afford 😂
I have never had a credit card and my credit score is 980… sooo…
Ha! My wife got a car loan. She paid it off in 12 months or less. I couldn't use her credit rating for our home loan!!! My rating has way higher because she didn't pay on it for ong enough period. That was back in 2001 so things might be different today.
I think the ideas and concepts of this video are great and a good start to work towards financial freedom.
That said, perhaps I missed the part where you can go from $0 nest egg to retirement in 7 years. If you invest at a 8% return for 7 years. You would need to invest approximately $9300/month. Or just $111k/ per year. That seems very unlikely for the vast majority of people (to invest/save $111k per year). It is briefly touched on at the end. But I feel like the title is for views/clickbait.
The number that I came up with was $11,904/month. You and I are close.
It is a lot worse than that. Based on the 25x rule, if you contribute $111K/year and assume you save 50% of your gross income (which is next to impossible), you will need $5.55M to retire. With 8% return, you will need 21 years for that. And mathematically, it doesn't matter how much you save, as long as you follow the 25x rule and save 50%, the result is the same. In order to do it in 7 years, you will need 51% annual return.
That works great! Good thing I make $40k a year lol….
@@wgemini4422 live somewhere cheap like Chile, Argentina, Turkey, El Salvador, Georgia, Philippines, or even Taiwan. There's many other places you can live on 10k USD a year you can make 7+ dividend yields off energy stocks and reits so you don't need a lot saved like 180k would do and you'd have money to reinvest so you're always ahead of inflation
It is true that the numbers seem skewed, but it is possible to do within say 10 years or so. If you live on a tight budget for a few years, and work either overtime or start a side hustle and work more than the average person, and invest in good index funds that don't give back only 7% but morel likely 10-12%, like the S&P, than we are getting close to our retirement level.
Some time ago, my parents would not let me invest because the bank my dad used was TD but the Brokerage accounts required a $2000 minimum. I just looked for the smallest minimum requirement and now I can happily of passive income. I also made a side hustle that generates a small bit of income. I have two legs out of six. All thanks to your teachings, I have been successful so far.
Yea, now there are no account minimums, no monthly fees, it's the easiest time it has ever been to invest and still people are living paycheck to paycheck
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
The market crash and high inflation are stressing me about retirement. Despite the challenges, I know investing is a long-term game, so I'm staying focused on the future.
I'm nearing retirement in three years, and despite having solid companies in my portfolio, my profits have stagnated in this uncertain market. Are there any calculated profit opportunities in this recession?
We were supposed to pay off our house early. In about 5 years. But with the cost of things and fuel we probably won't make our goal. Very hard to save money right now but we can a little.
Markets gonna crash really soon
The stability of investment funds has always proved better than straight shares purchase for me.
The market has never been higher, what are you on about?
This was amazing, you got straight to the point, did not sell me anything, and helped my feel motivated and clear about my path ahead.
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
I started investing in and set up an auto invest on Vangaurd EFTs after watching one of your videos. Nothing but gains
To have a comfortable, secure-and fun-retirement, you need to build the financial cushion that will fund it all
Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning.
Start planning for retirement as soon as you can to take advantage of the power of compounding. Work with a financial advisor if you need help or advice.
Younger investors can take more risk with their investments, while investors closer to retirement should be more conservative.
Retirement plan evolve the years, which means portfolio should be rebalanced and estate plan undated as needed
Investors who buy stocks typically do so for one of reasons
I really appreciate that the description section tells everything that’s in the video unlike some other people who purposely don’t write much to make you watch the whole video. It helps because as a person who’s learning things by watching and listening, some of the information can just go over my head. But with everything written down for me too, I can slow down and really learn what I’m hearing. Thanks so much!
Never follow your passion. But always take it with you.
-Mike Rowe
Just came across your channel and this is the first video I watched. Liked and subscribed. Thanks for the clear and concise content. I went through a divorce 5 years ago and restarted with nearly $0. I fixed my credit, paid off high interest debt. Started a new career as a truck driver, bought a house and have a combined 401k/Robinhood account worth over 100k. I'm not a millionaire yet but I'm living proof that anything is possible!
Awesome. All the best in the world. I too had a similar experience in my life.
I had a few motivation concerns a while ago because I was only investing into stocks I believed in and didn't understand how to pick reliable ones to grow from. After finding your channel I've had a lot more confidence and less stress in getting by because no one else was offering the kind of information you had in your videos. I sure wish I found these videos sooner because I'd have been in a position to begin some part of freedom, but after getting older it helps you make effective decisions and fall-back options. Thanks for looking out for people despite being wealthy yourself, there's such a negative stigma behind people having a lot of money because people always get jealous or envious but putting some of the advice into practice has already helped me so I know it's genuine. Thanks again Mark
Have a look at investing into the market via ETF, you will not beat the market but almost nobody beats it on the regular basis. With the s&p500 you will most likely average about 7-10 percent every year :)
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Your contents are always on point ❤ You and Gary Joe Wilde are highly recommendable investing experts every investor who wants to get rich investing must work with Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.
@higson You are right. I remember Chris and Brian often recommended and promoted him in their early vids. It's been a while though.
Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how.
These strategies are pretty rigorous for the regular-Joe. In fact, they are mostly executed successfully by professionals who have a lot of skills/knowledge to make such trades successful.
The only effective technique I use is to stay in touch with a financial coach for advice, this may sound basic or generic, but connecting with a financial adviser has been how I have been able to outperform the market for the pandemic and generate a profit of approximately $370,000 within 3 months of investing.
@@Ammo-Hoarder Interesting. I have a lump sum that does absolutely nothing to my bank account, I want to start something with it. You seem to be doing very well, how did you do it?
@@Ammo-Hoarder I am going to look her up too, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
100% agree about having a goal.
Having a small, fixed, specific short term goal at the very least is crucial.
Save five grand for example, or get rid of each credit card.
My two pennyworth:
Buy index funds.
Don't borrow money when you shouldn't.
Don't buy things to impress people you don't even like.
In 2022 avoid cash as much as possible.
If you have to take out a loan to buy a car, then you can't afford to drive.
Why avoid cash
@@damdaniel1 Because it's a terrible long term asset that pays virtually nothing and is subject to the obliterating effects of inflation manufactured by incompetent governments.
Ok Klaus.
Lmao that line about the car is such bs. Financing my Lexus was an excellent decision. Raised my credit finally to 800 and I aggressively paid it off in 2.5 years.
Cash is king in 2023..
You have a lot of great points and ideas. The only thing I would disagree about is I personally feel any debt is dangerous and should be avoided. But I know guys who have made money leveraging it so it's all about your willingness to take on a certain amount of risk. I love your multiple income streams, that is a brilliant idea and much easier for most people to do than they think. Sometimes the simplest and most obvious ideas take someone to point them out to us before we realize they are there!
Dave Ramsey?
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Look into leverage and inflation, you will then change your mind about debt.
All wealthy people leverage debt.
In Canada the form of tax free retirement plans are called an RRSP, you can invest a certain amount per year based on your income and it wont be taxed until you remove it. You can also open a TFSA which is a Tax Free Savings account, you are able to put in how ever much the government says(it is the same amount for everyone) currently you can put $6000 CAD into your account per year. both of these are tax free options for investing if you live in Canada(even if your not a citizen, but there are some other walls)
I need to move to Canada lol
What if I put 60 a year? How much will it pay me back after 5 years?
@@weldinggirl canada has way less tax advantages in real estate like the US does though. As a canadian thats one thing that i envy about the US tax system
We don't have that in Germany.
@@weldinggirl It's expensive in every other way unfortunately.
Fantastic video, wish I had this information 20 years ago. I'm now 42 and even though I've managed to bring out debt to income radio down from 49% to 16% I still struggling to leave the 9-5 and do my own thing
Youll still need some more time to do that, but keep it up man! Great job!
Nigga u at mcdonalds?
I'm 56 now. It took several years and many jobs later to get to where our annual expenses are 50% of my net income. Everything takes time. So if you are saying that you still have debt that amounts to 16% of your net income then you are getting close. So kudos for that. I read a book when I was 27. "The Millionaire Next Door". That book taught me how not to spend my money. By 34 I was debt free. Then I got a married. The plan was to save for 5 years to buy a house cash but my wife wouldn't listen to my logic. Now WE have only $149,000 left to pay it off. Even though WE could theoretically pay it off in the next 3 years WE had to put that plan on hold. Because my daughter is off to school and we are paying it all so she doesn't start her career in debt. So it will take a little longer to pay off the home. But we have no credit card debt, no auto loans, no using our home equity to borrow any money. We live well but we don't waste any money on impulses or things that lose value over time. Hopefully no suprises in the next 4 years!
@@Alberto-vj8pw 😭😭
@@Movieman1965 keep your health up too brother. off all the earthly possessions your wealth is the most of your wealth.... im 38 n decided to hold off on kids n marriage so i could get myself into a better financial situation. right now my only debt is my mortgage n if i go hard working these 2 jobs i got now on paper i can pay it off within the next 12-18months. delayed gratifications i call it.
The big question I have is: How do you transition from an employee mentality without any business experience and from a dreamer to a doer?
You need leadership skills. Military is one example. Sports, another.
You need to lead yourself.
Coming back from homelessness after deployment,imo: don't accept no for an answer(if you get shot down, regroup, recollect yourself and educate yourself over your mistake and look into another approach), to touch on the last area, if you don't know something about what your doing start researching, and the biggest thing that the service taught me is the best way to achieve any goal is to put one foot in front of the other( ie you can't hope to achieve anything by not taking any action. Do be afraid to try something and fail, I'd be afraid of never knowing due to not trying
it starts with you bud. The only obstacles in front of you are the ones that you place.
quit your job. having your entire financial and possibly familly life on the line will prove which type of person you are pretty quick. the prospect of losing your home and puting your children on the street will motivate you to succeed at your business pretty effectively.
Started off as a drifter, wasted my 20s and have now entered the dreamer stage with plans to become a doer. I wish I knew a lot of this early as it would have saved me a lot of grief, but you live and learn.
Also now with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Index invest, diversify by sector and country, use registered accounts first (exclusively), stay away from margin, dollar-cost-average, wait 20-30 years....profit. Its still shocking that investing is not really taught at the high school level. If I knew at 19 what I know now.....retirement at 40 would have been easy peasy.
I'm pretty sure this is precisely why it isn't taught in school. The system requires workers to keep that GDP moving,. Imagine if everyone retired in 20 years and quite mindless consumerism. The whole thing would collapse. It will probably collapse anyway as robotics and AI scoop up more jobs than they create.
Is registered account a Canadian only thing？For US I only heart of Roth IRA/401K and those have annual deposit limits (which you should max out)
I want to invest but I don't want to benefit from companies in the oil industry and unethical companies like Facebook. How can I invest in index funds and avoid these kind of companies?
Growing up in the Midwest we learned about investing super young. I’m 26 and right now I’m projecting to retire between 37 and 40. Obviously not stop working completely because I’d go insane. But be able to live off of ~ $4,000 a month without touching the principle if I need to start using it to follow whatever dream I want.
I wish I learnt about selling call options a long time ago because this strategy and real estate is how I become wealthy.
Reinvesting dividends is very good advice, it's the same as compounding interest with time it really pays off.
Or have a good skill within the building industry, cash jobs , say nothing and have all the tax disappear;)
reinvesting dividends in stocks whos value is declining is not though.
Your Videos are inspirational and motivating. I've learned a lot from your video and I've been able to be minimal and frugal, saving and investing more for my retirement. Now I earn weekly. Thanks a lot man!!!
Same reason why I stick to his channel. On here, I encountered a life changing touch.
I'm very happy for you dear 😘and you're creating a great reputation for this channel and everyone,I will love to achieve this great goal you're enjoying now.
At 53 and a stay at home mom, I didn’t have any retirement $ of my own. I got a part time job and saved everything instead of increasing my lifestyle. At 56, I have $42,000 in CDs and $9,000 in an IRA. That’s making $12-16,000 a year. If you can say NO to buying things and eating out for a few years, you can do it too.
I have found paying off the debt with the lowest balance is the best way to go. You will end up potentially paying a little more interest but seeing card by card of credit line by credit line fall away and leaving extra actual cash flow every month (even if that money goes right onto another debt) is very motivating rather than spreading them out evenly for a long long time. in fact you may, like me find that after one or 2 are paid off you are even more motivated for the next one.
@TDVL Production depends. Usually running 8 or 9 credit lines and couple credit cards. Normally all at zero now. But it's nice to have if you have a house flip to do. Or the market Dips. But when I got out of school 4 had balances. Paying the equal on all 4 seemed OK but it seemed to go way faster and ibwas much more motivated by knocking them off smallest to largest.
Thanks Dave
my dad retired early and is stuck being discontent and unmotivated to get another job because he dosnt have to ~ humans are meant for purpose - instead of trying to work towards retirement work towards finding work you love.
Which you can do when you retire making it fun and not work...
Purpose is a good word but it doesn't have to mean another job, he can pursue some passion he has such as volunteer work, mentoring others (SCORE with the Small Business Administration).
Nah make bang and retire thats what my brother did and hes traveling the worls.
@Miles Anthony, that’s me. I retired 2 years ago at age 57, struggling now with purpose. Covid pandemic didn’t help by restricting travel.
But if you can retire early you have time to spend on your passion. Sounds like a man with no passion in life, has nothing to do with work.
Hi mark, I just wanted to comment that you really guided me to realize an important aspect I needed at this point in my life, I just turned 18 this year and finished school, I work a half time job as a waiter and I have saved a little bit of money. I feel like you thought me a big lesson about Money, and how it's working not only in my pockets, just the right time before I'm starting as a grown man.
I want to thank you for that.
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral.
Your Spiderman visual was awesome! A great way to explain to children, why having strong foundations in any discipline is important. This can be applied to finances, education, sports, any philosophy you can think of. Thank you Mark!
I have actually had the wrong goal! I thought 5% was conservative, so I used that to be on the safe side. So my goal was 2 million dollars, but now I need to up it to 2.5. Good that I watched your video now and not when I was ready to retire!
Never set a goal and you will find the true meaning of being “rich”. If you have the money and you want to spend it, go for it. More than likely the thing you are investing in is something that can help you live a better life or even continue to provide for yourself.
I wish they teach in school how to approach life once in the society. Handling finances, emotion, and so on. Now a days, school are so generalized that a lot from the new generation are having a hard time figuring out where they fit, how to fit, and what they are really capable of.
Completely agree. Honestly though, at least for me, I was not thinking about retirement at that age, so not sure it would have made any difference. But could have for some.
I think it is up to the parents to teach this, I plan on doing so with my kids.
Very well said
I wonder if, in a few years, people will come to you irl or in comments to thank you for getting them educated enough to become fully financially independent. I thank you now for the tips and hope that i will be that person in a few years :)
Finding your videos very helpful, currently saving for an asset (house) and currently putting away a nice sum a month away in the Vanguard S&P500, 32 years at 8 % (hopefully) for over a million for retirement 😎👍 started late (28) but hey better start now than never 😊 looking forward to seeing what other videos you'll be putting out 😎
You're putting away $600 a month?
If you reduced your expenses by 1000$ a month and invested it you could retire in half the time
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Mark always speaking the truth! I really like what he said about focusing on BUILDING WEALTH not cash flow when you’re starting. Great video!
Exactly. Yes cash flow helps when building wealth. But like he said 40 percent of Americans with 100k live pay check to pay check. I know a decent amount my self.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I’m 23, just finished college and I’ll start my engineering job in two weeks. I’m starting from zero and I really really want to learn how to handle money, I suck at it and know that it can ruin my whole life if I don’t figure it out early
Suggestion:
Learn about multi dwelling properties. Purchase a small one. Learn more..
2 -3 yrs later buy another. Continue to purchase properties.
Do ya research on first time home buyer’s eventually put the additional and perhaps the first property under your llc…. Through obscurity if ya wanna stay anonymous
Good Luck!
Real estate and max out 401 and a Roth.
Go into real estate syndications...once you are an accredited investor.
While trying to build income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $400k in a quarter of a year during high inflation
I’m 45 my husband 54 and we are retired living my best life now with my partner in Springfield.we gathered over $5 million for retirement, saving and investing as been our biggest success and made it possible for us this early. I’ve just stumbled upon this channel. *Thanks BTW mark* ❣️
let me get 20k i'll pay u back
Your husband and partner with you....please advise
Springfield, MO? I was wondering if it was worth it
Does that 5m generate monthly income?
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
The biggest problem with these steps is worrying about a great credit score/paying down huge debt. Contrary to popular belief, you can not only live comfortably without credit, it also supports healthy spending habits, which supports investing early and often. I havent checked my credit score in over 30 years and could care less what it is. It hasnt stopped me from owning multiple homes, land, & cars over that time. You dont need to "pay down high interest creditors/debt" if you dont fall victim to the credit trap in the first place. Pay cash or dont buy it, and dont buy it unless its a NEED, not a WANT, theres a big difference. Keeping up with the Joneses just puts you in debt like them and perpetuates the credit slavery cycle.
100% on point
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
In theory it sounds super exciting, but it’s pretty much stay away from personal debt, work 2 or 3 jobs invest extra into your retirement fund. Then when you can afford to play with the share market. Passive income like ecommerce and drop shipping is that over saturated you’ll never make money from it unless you are using an original idea that people will actually buy. And it’s pretty hard to come up with an original idea these days. But still great advice.
Yes the same old stuff that's been said a million times. The bit that's really gotten old though is the whole withdrawing 4% a year for the rest of your life, how the heck is that supposed to work now that we're seeing over 5% annual inflation?
I would argue that you want to have a small emergency fund BEFORE paying off even high interest debts. Yes it takes longer, but if and when something breaks or happens, you aren’t putting yourself in further debt paying for a new clotheswasher on your credit card because you don’t have bail out money set aside for emergencies.
@1:46 when he said his story about the D hat I lost it 😂
What does the D Cap really stand for?
I’m getting big Nigel Powers vibes. Thanks for the great content :)
So happy someone else relates - I would love to hear him speak English English
Swear 😭
Lol true
Ahhhh thank u!
I really enjoyed the content.
My retirement plan is secured.
I have been making weekly payout from the stock markets after learning how to trade from my mentor.
I try to put away £1000 evenly into 4 different streams each month, REIT, Index Fund, Crypto and Emergency Fund. Thanks to your videos I finally took the commitment a few months back to do so!
Hi Mark, your videos made me start investing most of my money at 17. I've made over 14% in return in the last 8 months! Now I'm looking to get started into a side hustle!
Vanguard lifestyle strategy?
kicked off my investment journey give or take 8months ago too, I Had my share of ups and downs with stocks when I first started off, finally reached out to an advisor for help, following her recommendations, I dumped 30k all in NIO and NVDA shares and call options, Up 200k so far!!! retiring with no fears at all
What are you investing in I’m 16 and I thought you have to be 18 to invest
Mark for sure you are a great and hardworking man who stands in capacity of teaching and guiding the young generation love this content such a beatiful break down
Great video! It took me hours of reading about FIRE saving to learn this stuff so I wish I had seen this video first. I also learned a few new things! Thanks!!
Great video! Thanks for helping out the next generation without charging thousands of pounds for a course. You’ve been really helpful not only for business tips, but also for motivation.
I completly agree ❤
*_Can confirm these are the steps to become financially free, Thanks MARK!._*
Thank you sir!
I had a rough start.
Lived on the street.
Didn't start saving or thinking about the future until just a few years ago,
I'm now 36.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
@@SandraKayeSmith no thank you!
I’m not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turned out lucrative for me.
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart 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.
can you give a pointer?
research and analysis is needed in the market but experience always beats, i know of one kathy, kathy genelle britton , she has good experience and has helped me grow my poftfolio
I really feel left aside hearing and seeing several testimonies from people on profits they make from Bitcoin/Stock Investment
Same here except I haven’t made an insane amount of money from it yet but I’ve gotten a total of $80 in a matter of 2 months!
I feel like the information you give is very accurate. I work full time for the insurance benefits that here in the USA would easily cost me upwards of $2500-month. My wife works part time and has side hustles she excels at like Ebay, Marcari, and others where she averages 1,000-3,000% profit. I really have no interests or hobbies except watching movies. I have no idea how to turn that into a side hustle 😂.
Hey even doing movie reviews on TH-cam would make you some side income eventually
Start a TH-cam review channel?
I agree with dudeist priest. You could start a utube channel taking about the movies you watch. There are a lot of people who love to talk about movies and you could give your point of view. Bet it would get a lot of views and comments if it is popular movies.
Also, a prerequisite to this plan is to be physically and mental healthy and not have people "on your team" that constantly and significantly sabotage your progress.
This is perfect. It's the process I've been taking. Great of you to put a guide out, I find it's accurate, and you're stories in between make it more personal. Thank you so much for this content. 😊
You’re a good man Mark. These videos are truly very helpful.
A thought I had about the extreme amount of young people living paycheck to paycheck: perhaps it has become more clear that the economy itself is a bad longterm investment and people feel powerless in securing their futures even if they were to pursue financial investment. It is inevitable that the global economy will collapse at some point, and even as someone who is interested in investing and knows exactly what my "freedom figure" would be (although I calculated it differently than you did in this video since my aim would be to invest as soon as possible in real resources that could enable a healthy and fulfilling life WITHOUT economic dependence), I still constantly consider that all modern currency could lose its value before I reach my "freedom figure" even if I am investing 90% of my capital into growing wealth. It is quite discouraging trying to build a stable personal foundation on an unstable cultural foundation.
Under-rated comment
Buy land. People will always need someplace to be. There are 100 ways to monetize it.
@@LilyGazou trying to monetize access to land is extreme extortion. Land is not a product of human labor. Access to land is a birthright of all organisms that has been stolen by governments in order to keep people dependent on centralization.
Alright dude… you’re growing on me. I appreciate your efforts and these videos. I’ve just subscribed.
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally
She helped me recover what I lost trying to trade for myself.
God bless you and your family for helping us out
You deserve my thanks ma'am Bambi Alex
I don't know what to say about Bambi Alex, you are the best
She is obviously the best, I invested $3000 and she made profit of $28,000 for me just in 15days
Mark, i wanna thanks for all the information that you share on yours channel, i find it to be the most educational and well explain resource of finances that i find until the moment. 🙏😊
I love the way he defined modern slavery within the first 30 seconds of the video
Mark is easily the most trustworthy chap on here, hes no guru promoting anything or preaching some nonsense, hes genuinely here to help us the new generation ❤
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
I wanna retire tomorrow so instead I'll dump my life savings into short term option contracts on the S&P 500
Ah yes the wall streets bet method
Autist powers are the way, cant forget the overleveraged part(got 100k why not borrow another 100k and then using options to leverage yourself even more 😂, hey you'll either come out a multimillionaire/legend or a autist/loss porn king
I enjoyed this video so much! I feel like I’ve been told so many of the things you said in your video but none of them really made sense until now! You have a fun way of teaching and keeping someone locked in!
Also Taylor with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I think I am a bit older than your main audience you are targeting but I still love your videos. Thanks for the great food of thoughts. I hope your viewership keeps increasing, so that you stay motivated to follow this youtube-side hustle of yours.
Mark made $1million dollars in 7 years, but that was the 80's, the era of excess. The world is a completely different place now.
He doesn't say how he made money. A lot of what he says for other people to do would take a decade. For example, how did he clear all his debts with exhorbant interest rates in such a short time? Was he dealing drugs? He does not give any specific advice on what to do or how, or base on different income levels. It's as if everyone is making 6 figure salaries and just pissing their money away on credit cards.
Lol i see teenagers making millons rn, get out and get prepared
Correct, lots more opportunities these days with the internet.
He is old school. He talks about taxes but doesn't even know about a nomad lifestyle. The rich pay less taxes because are smart and live where there treated best. Struggling to save 1m to draw 4% is sad. That thinking will never make me or you a billionaire with a yacht, you will make a millionaire when your 70 and dead. Plus a mindset does not make you money
If you can land a job making over 100K, and keep your expenses down to $20,000 /yr saving 70,000, in ten years you'd have saved up $700K cash, if that was invested, something something compound interest it's over a million.
Financial Independence Retire Early is a big trend right know. Thanks for sharing your knowledge through the video! Lets become F.I.R.E. as soon as possible! :)
Great video! The editing and content are well done! I knew nothing about investing or how to build wealth until just last year. I wish my parents had taught me about this stuff when I was a teenager.
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral.
My main job and very lucrative sideline went bust on the first weeks of Covid, so it was time to dust myself off and look for something else.
But living in a tourist orientated town meant that 80% of the town was out of work and younger people with families trying to survive.
But it took nearly a year to be so desperate and all my savings gone to turn to Crypto.
It now brings in more money than my taxi and my Touring business.
Great Video, 50 years too late but a great help!
I just came across your channel from how net worth explodes after 100k through compound interest. Btw I like the Tamiya Buggy Champ on your shelf.
I wish this advice was given to me when I was younger. 😢
never 2 late
Appreciate your advice while starting up a business for the first time, Mark! Been watching your videos a lot and your authenticity is just amazing. Any advice you can give, I'll absorb!
Also regarding that Matthew, you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I just love this gentleman. He's awesome! I've watched a few of his videos and I get something out of each one. Thank you!
Im 56 and did the degrees, and rose to the dizzy heights, had my own business and was a Consultant in what is now a dead end niche, crashed down again and have only had low level admin jobs and debt ever since, had to cash pension early to sort house repairs and debt, it just feels like its way too late for me now 😢
I think I'm a bit of all three. I dream and drift though life, being a doer in planning with investing and living in my tiny mobile home.
I'm 58 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for,
You should look into hiring an FA that will follow up with your investments, it's not as easy as it sounds to retiring in this crisis like you said..
I think it's especially difficult for retirees and near retirees, I know to focus on the long term but the anxiety when you're supposed to be retiring in 3years is super exhausting, I've been looking into hiring a market expert as well
I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an FA, I wouldn't mind looking yours up.
She's quite known and very accessible to the public, just look her up using her name "Lisa Ann Moberly" she has a web presence
Sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me.
Just started an index fund at 17 years old, one might say I’m planning ahead 😂
Bro I’m 17 and I want to start one would you tell me the basics on how you start one?
How did you start that?
I assume what he meant was that he opened a Isa where he is then investing in a S&P 500 index fund such as one provided by vanguard
Started at 14 one might say I’M planning ahead
It's the Spiderman example for me 😂 This was gold, Mark. Thank you!
Mark from the bottom of my heart, thanks for this consice info. ❤
I’m 29 and don’t wanna keep working for the next 10 years I’ll start working n these things
You can retire whenever you want… you might not have any money, but you can technically retire
Mark your presentation is so smooth! That's awesome and a great talent for you to discover TH-cam! Keep this up please
Thank you! I just turned 48, and did not have these lessons. See you at 55 and free!
Do it !!that’s what I like to hear
This video is incredibly motivating! The practical tips and clear strategies provided make the goal of early retirement seem achievable. Thanks for sharing such valuable insights!
Consistency... discipline... hard work. I like your message.
Best some of us can hope for in our retirement is not having our tents stolen by the police.
Tent?!? Big dreamer you are!
I’m looking at plastic bags, helium and zip ties. 🤔
I’m at a crossroad trying to find better means to earn and put my money to good use. Investing in stocks or real estate, which is a better pick?
I’m a virgin investor and looking to get into investing in the stock market but my friend warns me of the dangers involved in investing in the market. How true is this Carmella?
Thanks for the lead, I’ve also tried to get into stocks but I have not the slightest idea on how to go about it as I’m in Europe. Does he accept offshore clients?
Sure Edwin. Was skeptical about that too before I got my feet wet, but he does as He’s been managing my funds too.
Does ANYONE fall for these scams? It's such a fabricated and clunky "conversation".
Right now im doing stocks. Started off good, but with the covid scare. The uncertainty hurts the market. My money is just sitting there. In a year i should be in a decent spot to start looking at my first property. Btw i started working 2 jobs a year ago. Thats why i was able to start investing.
I watch a lot of finance videos so felt like none of this was news to me... until the spiderman visual on multiple incomes streams! You blew my mind. It actually only just clicked!
Thank you. Quality content and entertainment in one. Subscribed
Great Job Breaking It All Down! I Love Your Honesty!
I'm 23 years old so this video title is *especially* exciting, if you do the math 😄
I was thinking the same thing. (I turn 23 early next year.😅) Man, time really goes fast...
This is rich dad poor dad in 15 mins
Oh thank God I've had that book sitting on my shelf for 12 years
Know how much money you need. Pay off debt. Increase income. Save. Invest in tax efficient accounts, such as ISAs and pension accounts and no doubt use the power of compound interest which was not mentioned, surprisingly.
How many times can we see the same 'different' video 😄
Interest rates are and have been shit.
This video is so educated and learning from this video how you should build your life not on any kind of foundation and you should invest and also remember there are good days and bad days in the investment
wow this amazing...i need more course videos on this
beyond an incredible video, so honest, so simple, and amazingly presented, thank you so much, definitely subscribing and liked.
Also Craig with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
HI i am 12 idk if there is anyone else my age watching these types of videos and actually liking them
Keep going!
Don’t worry dawg you ain’t alone in 13 and like these vids as well