Reaching $100,000 Means You're 1/3 Of The Way To $1,000,000 (Surprising)
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- เผยแพร่เมื่อ 4 พ.ค. 2024
- Reaching $100,000 Means You're 1/3 Of The Way To $1,000,000 (Surprising)
You’ve probably heard the saying “the first $100,000 is the hardest but did you know that once you amass a $100,000 investment portfolio you’re actually ⅓ of the way to surpassing the $1,000,000 mark? That’s right, reaching that $100,000 milestone is a bigger deal than you’d think. Let’s take a look at the math and see exactly why that is. Stay tuned because this is great news for your future.
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
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
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.
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.
Just reached 21.000 after 1 year of savings and now 3 months of steadily investing in ETF.
Can't wait to reach 100k.
Zero debt , zero credit card ever.
Piano teacher
First hit $100k in early 2020, that covid dip really hurt at the time. 4 years later that dip is barely noticeable on the long term chart and we are well over $300k with increased contributions in recent years.
Keep grinding out there! ABB - Always Be Buying!!
I deal with an investment advisor for this reason. I currently have over $70k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons under guidance. Our current project for this year is a more concrete ballpark target this year.
Hello Tmer, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $120,000 portfolio.
If you lack knowledge about market investing tactics, get advice from a financial counselor.
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Mind if I ask you to recommend this particular coach you using their service ?
Carol Vivian Constable 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.
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.
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!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
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 $1 million portfolio, largely from early investments in AI and other growth stocks..
How? What does one do if they have a 100k$?
@Judynewsom.......... I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
*Sharon Lynne Hart* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
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.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does
Controlling my portfolio cost me losses in 2022. So, in January 2023 I sought advice from a fiduciary. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 78%.
Your fiduciary must be really good, how I can get in touch with them as my porfolio is not performing as expected.
I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Impressive, I took a look at her page. I set up an appointment. I’m looking forward to her reply, I hope she sees my message.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Amber Dawn Brummit is among the most accomplished portfolio managers in the industry, widely acknowledged for her outstanding work. I highly recommend taking a closer look at her impressive portfolio.
The advisor that guides me is Amber Dawn Brummit, most likely the internet is where to find her basic info, just search her name. She's established.
With my portfolio of $120k. I’m looking for opportunities to profit in a potential downturn, According to rating agency Moody’s, both the UK and the US are set to fall into a recession because of higher interest rates.
An obvious way to invest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a financial advisr is important in making this decisions
I agree Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the advice of my financial planner who has helped me gain $985k in a well-diversified portfolio that has experienced exponential growth
Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining even in a bulll market.
‘Amber Dawn Brummit’ 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 just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
As an avid investor, I often mull over how accomplished investors are able to amass fortunes through their investment endeavors. Presently, I hold equity exceeding $545K from a recent home sale, yet I'm uncertain about my next investment move. Should I consider buying stocks at this time, or should I await another opportunity?
The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.
Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
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.
My strategy has always been to invest half of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
Rachel Sarah Parrish 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.
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.
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
Certainly true. My $550K portfolio was diversified across several markets with the assistance of an investment advisor, and in a matter of months, I was able to generate over $950K in net profit from high dividend paying stocks, bonds, and ETFs.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
AMBER KAY WRIGHT 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..
Thank you for the lead. I looked her up and sent her an email. I hope she responds to me soon.
Dude This comment section is filled to the brim with financial advisor spam. I usually report like 2 or 3 on most Financial videos but this is the first time I've seen more than like 10 of them in a row. I hate these spam bots with a passion.
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
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 a lot of wealth transfer in this downtime if you know where to look.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
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..
Trust me brother I did the panic selling, that's realized loss more than 10k. I am still trying to recover it. But if I hold it till day I would be 14k +. Long term investing is the key. Be consistent and persistent.
For real? If you can’t stand YEARS on red, just stay out of the investing business. Just wait for social security for retirement.
Investment is for people that understand volatility, and you need a big pair of balls to take the downturns , and don’t blink an eye.
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a 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.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
The truth is that 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. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
Stay in the game, Hold, keep the stocks you have.
You won’t necessarily need to add more to what you have, if you feel unsure about the Stocks you have, but just keep them in order to still receive the growth come Bullish time.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
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?.
Actually its a Lady. Yes my go to person is a ‘MICHELE KATHERINE SINGH '. So easy and compassionate Lady. You should take a look at her work.
Thank you for this amazing tip. I just looked the name up and wrote her
up, to schedule a call. many thanks
I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow. Patricia Annie Brooks focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch
I'm surprised that you just mentioned Annie Brooks here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
You trade with Annie Brooks too? Wow that woman has been a blessing to me and my family.
YES!!! That's exactly her name (Annie Brooks) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺
I'm new at this, please how can I reach her?
Her good reputation already speaks for her .I’m also one of the beneficiary of Annie Brooks. So happy I gave it a trial after being skeptic of the process.
One thing that needs to be mentioned - 36 years is a long time so looking after your health is a MUST! Gotta be alive to reap the benefits of the compound interest!
This is definitely true. Dead men enjoy no nest eggs.
Yes I've found that the more I look at the potential compounding growth, the more I'm motivated to exercise and eat healthy!
Yea 45 years is half a century. That's like 3 world wars, govt defaults, hyperinflation...
Yes, chances are you’ll end up ded one way or another😢
@@amgjens Not in the US. Our life expectancy is 76 years. Chances are any young person who decides to invest will be alive to benefit.
Great video, Chris! The first $100,000 invested was amazing. But when you hit $300,000 it’s like smashing the glass ceiling! I cried.
I completely agree with you! My first 100k took a long time and wasn't that special to be honest with you. Once I hit 300K that is the game changer in my opinion. At this point my money is basically making me a pretty good yearly salary. When I go to sleep at night I know my money is making decent money with the help of my FA
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 $1 million portfolio, largely from early investments in AI and other growth stocks.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
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 also emailed her
She responded so quickly, I didn’t even expect. What a wonderful woman
She gave me an important advice - “Do not fall for the cheap scam from the comments”
Legend
Crossed $300k 4 years ago and cleared $1mil now
Great job 👍
So you contributed $10,563.44 every month? How do you make that much money?
@@jasongallagher631 No I didn't contribute that much! Most of it is from the growth of a property I sold and from the stock market going up.
@@jasongallagher631 You understand the investments are growing, correct? I stopped contributing to my portfolio years ago, and it’s gone up $200k YTD (NVDA, AAPL, MSFT, GOOG, AMZN). A $300k investment in those would be at ~$420k by now; invested 4 years ago, it’d be over a million easily. Nothing weird or esoteric, just large cap companies everyone knows about.
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. I made my first million from going diverse, mainly blue chip stocks. high value etfs, S&P500 and coins ..with the help of my F.A Anna Rounds Fay handling my portfolio it's been a year of steady growth.
Smart, I must commend you because etfs will keep making you solid profits through compounding while the other stocks pays monthly although advantageous you must've started big
Nice, you're a good lady for breaking this down, i reached out to your FA also through her web and her responses were articulated.
invest in stable stocks, my rule: if you previously liked the stock, then you should love it at a discounted price.
Hey, I'm in Austria. Wondering if the stuff you recommend is USA specific or does it translate to other western countries?
First $1 is hardest for most people you will encounter.
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.
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?
Kenna Muriel Hesseling 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.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
To succeed in Stock, crypto, and more, traders need to grasp asset class crossover and liquidity flow. Ann Elizabeth Messer excels in Multi-asset trading, skillfully managing risk, profit, and decision-making across diverse classes.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
she's mostly on Telegrams, with the user name.
@Annmesser15⭐
Getting to $100,000 this year. Started at $4000 per year the first year(2012), then $6000 every year after. Last year I jumped to $9000. This year I should be putting in $16500. Hopefully, up to $18000 next year. My goal is not $1,000,000., but to get to $2000 per month in Dividend Income. Hoping to get there by 2030. Retired at 50 sounds nice.
Hope you achieve your goal
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!
Eh my % gain was the same at 90k as it was 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
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.
To be 100% honest with you. I had the same question 4 years ago. I was totally confused. Now that I have been copying other traders for over three years, I want to tell you: YES, copy trading is a good approach. Remember that the success of copying another trader lies in its transparency. Make sure you know who you are dealing with before copying them. My two cents. Good luck!
It is usually best to ignore the trend, whether bullish or bearish, and stick to an appropriate trading plan, perhaps with the help of a professional. I recently started investing again, so I'm still in contact with the advisor who provides entry and exit points for the securities I'm focused on. He does all the technical analysis while I take care of my other business. You can use something else if you're the DIY type. When it comes to investing, there is no single way to do this
How can I take part? I sincerely strive to create a secure financial future and look forward to being a part of it. Who is the driving force behind your success?
Sure. He's known as Larry Kent Burton . One of the finest portfolio managers in the field. He's widely recognized; you should look him up online.
Chris always has an awesome perspective… I had to watch this one twice! Great video
Thanks for watching!
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
In fact, I had no prior experience or understanding when I began investing in 2018, but by the end of 2019, I had made a profit of almost $750k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
@@hunter-bourke21I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?
@@hunter-bourke21 Kudos on the effective execution of innovative ideas and tactics that lead to significant advancement. As I seek guidance from a trustworthy advisor, would you be willing to share details about the individual assisting you?
$1,156.26 is what I’m currently contributing to my 401k each month at the age of 42
How much of it was your money and how long has it been growing?
You need to look up the financial order of operations
@@venturevlogzall my own money. Company only matches up to $1,500 a year. Been there 21 years and wished younger me would have had his contribution % as high as the last 4 years 😢 .
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states
You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
I loved the knowledge, Thank you
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024.
Wow that's huge, how do you make that
much monthly?
Honestly speaking, I will continue to trade and stick to Sylvia Nicolas daily analysis and guides as long as it works well for me..
Woah for real? I'm super excited. Sylvia nicolas strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started😀
I live in Calgary, Alberta🇨🇦. She's recognized as 'Mrs Sylvia, one of the finest portfolio managers in the field and widely recognized; you should take a look at her work.
please educate me, i am willing to make consultation to improve my financial situations.
My Dad told me that he was working on his second million dollars. The first one was too hard, so he had moved on to work on the second million dollars.
Another friend told me that getting the second million dollars is easier than getting the first, because you have a millionaire friend helping you.
I reached 100k by age 30. I'll be 31 this year in September.
Roughy the same
Excellent job. I am hoping to get to it the next couple of years. I am lazy and I don't pick stocks I use the s and p, so waiting will be a big part of getting to the million. I'm 30 now and hopefully by 50 I'll be close or hit that number.
Very well done video!
I can attest it works in reality if you can be patient and diligent
On my way to my first 100k next year. Gonna be a little bit more than 3 years starting from zero. I know I'm not there yet, but I'm really close. Not a lot of resources that talk about the journey from 100k to 1mil. I do hope that it will get easier.
If you reach $100K as a single person, seriously consider a prenup that protects that account and all its future earnings.
Really? I have over $100k in an account but it does not feel like anything. In perspective that's barely 1 nice mid sized SUV and a down payment on a house anymore so I never considered it enough to protect.
@@Chiefkitnmitnz now imagine your wife of 5 years filing for divorce and going after your $100-200K in the Roth.
@AnnMitt good point. At 31 I'm guessing I'll have a few hundred thousand in retirement with what I have now. It's all index funds so not sure if it will get me through retirement but I'll keep putting money away.
I reached 100k across 3 accounts late last year (403b, Roth IRA, and brokerage) at age 44. I'm on track to reach the magic number at age 57 😁
Across 3 accounts won't compound as quickly
@@jackwebb3757 Yes, I know, my job won't allow me to combine my TRS and 403b plus my Roth IRA is separate. I'm still happy that I got to 100k!
@@jackwebb3757 not true
@@jackwebb3757it’s the same result. 100k with 10% gain is 110k. Two accounts with 50k and 10% gain is also 110k after one year.
My opinion is to focus on the Roth IRA, the gain from this Roth is tax free. The left over form it can be transferred to your heirs 😊😊
Awesome video Chris!
I appreciate it Pierce!
One of the best and underrated channels
Thank you 🙏
My question is, What's the best way to make money from crypto trading? I really need help from investors and traders.
When investing it's of the utmost importance to diversify your money. This is a good way to invest
The number one skillset that an investor need to have is extreme patience and invest with a professional broker to guide you!
Buy low and sell high, also ensure you invest with a professional who has a unique skill in manipulating the market for profit gain. GOODLUCK!!!
I have one question, everytime I buy low and sell high I should be making more money right? But my wallet becomes less and less, why is this?
Me too I'm a beginner. I don't understand indicators that are used. Any guide or advice you wanna give me?? How to read indicators properly??
Hi Chris, could I ask what software you use to create your visuals in the videos? Great videos thank you for the information.
After two years saving, I'm at 170k. Can't wait to get to a million.
Good info
This video offers a great perspective on how compound interest builds wealth over time. The breakdown of how much money comes from contributions versus interest at different stages is particularly insightful. It motivates me to start investing early!
One question I have is about reaching the million-dollar mark sooner. The video mentions a few factors besides math that can accelerate growth. Can you elaborate on some specific strategies to potentially reach that goal faster?
Saving your money and investing it into stock market will be the wisest thing to do to ensure success
Totally agree it is by far the easiest to access and does not involve physical labor.
Yes, I'm celebrating a $95,000 stock portfolio today.
I started this trip with just a small investment. I have invested time and right conditions, now I have time for my family and the life that awaits me.
@@_SoniaBakerThat's awesome!!!
I know nothing about investment and I'm keen on getting started. What are your strategies?
When someone is straight forward and good at what they do best. People will always say speak for them, for me I would say give Mrs Camille Anne Hector a try and you will be happy you did.
What is the investment calculator software that Chris is using here?
investing 2k$ a month since 19, almost at 100k$ at 22 years old
Year 37. 1.9 million including home. All done on below average income. It can be done, but it takes some discipline.
Impressive, surely be some luck there too though?
I’m 36, $600K net worth. Been saving 50% of my salary and investing heavily. Money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property. Started from $0 since 3.5 years ago when I graduated from. my masters. I've come to realize that money is a tool if you don’t make money work for you, you can’t experience true freedom.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an 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 my advisor for over 2years+ and I've netted over 2.8million.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard 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.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
1/3 is faster than I tend to hear. 1/4 sounds more realistic.
If you have high income and you put away 100k every 3 years then it will be much smaller of a fraction. Less than 1/5 in this scenario. But the good news is that your investment rate is going to boost your base like crazy. After 16 years you’ll be around 1 million. More than twice as fast. 36 years will see you at 5 million.
I've been playing with a calculator and it seems to depend very much on what your contribution amount. At $400/month, yes, it is 1/3 of the way. But if you contribute $1k/month (where I am almost at), it takes 6.45 years to get to $100k, and 26.07 years to get to $1 mil, which is about the 1/4 you are saying. And as you said, if you contribute even higher, the fraction of the journey that $100k accounts for is even smaller.
It took extraordinary effort to hit 200k! I’m excited to see what 5 years will bring. I’m not taking my foot off the gas till 60s.
Reached my first $100K last year at 23. Bought a bad rental property and about a year later I’m just under $100K. Thinking of selling the property and strictly investing in vanguard index funds. Hoping to become a millionaire before 30
What went bad with the investment property
Rule of 72 is a handy rule of thumb calculator. 72 divided by interest rate = # of years for your money to double.
72/6 = 12 years. 72/8 = 9 years. 72 / 10 = 7.2 years.
The tough part is having the spare funds in the current economy. Especially for someone just starting out.
On the flip side, also rough if you have a set back or don’t start until you’re 45
I was the dummy who got tired of seeing his 401k do nothing after the recession for a few years and cashed out.Got back in and won’t ever stop again.
More or less kept to this in 401k, some years (2008 for example) dropped quite a bit but for the most part 8% has been the average return
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Veronica Hoy
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Great video. I am 43 with 495K
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
@@mikegarvey17bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?
Yes indeed.... *Gertrude Margaret Quinto* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Remember this works both ways when you have high interest dept! Becareful with credit cards !
Absolutely...good point
I think the power of saving hit home when I got into the 30ks if the market went up .5% in a day on 30k that would be 15 dollars divide that by 8 hour, standard work day, you get 18.75 an hour. Obviously you don't get that peformance every day or even most days but it shows how much work your money can do
8% from 100k is my whole yearly salary for where i live
Now only if I could find an investment vehicle to get 8% annual return that hasn't shown any events in the last 40 years of an unexpected 25% or more draw down
If only you could realize 25% drawdowns are a gift and should be utilized to the fullest.
Hi! Im 25 years old. I am holding 50k of VUG and 50k of SCHD. Both adds up to 100k. Is it good enough for my long term investments? Thank You
Reached 600k but cant go beyond
the stock market was negative 27% of the last 94 years. This simple model is not reality. A 50% haircut like 1999 sets you back decades.Then you get another 50% haircut in 2008. Each 50% loss requires a 100% gain to get back to break-even.
"$100 a week, is basically skip one meal out a week." Dude where the hell are you eating that it cost $100 for one meal? I go out to eat with friends once a week and with a 30% tip my bill is usually under $20.
With 100K subs you know he might be eating at 4 or 5 star places only now... He is likely making a good income even if inconsistent. Yeah like so many finance TH-camrs they see very out of touch with what "lower income" people would do. People are no where close to "saving" $100 per week and the evidence was during Covid to that people are talking bad about gig apps.
And in 36 years that million dollar is actually worth about current price of a chipolte burrito, real benefit is employer matched 401k and the money growing that accumulates massively quick.
😂😂
Definitely, the current economic instability is causing a lot of concern. With factors like trade tensions and fluctuating markets, it's hard to predict what's coming next.
It's true!! I started picking up pop cans for $0.10... sure it's only ten cents... now everything gets related to pop can costs.
You want to order pizza? $23.90x10 cents
... that's 239 pop cans that I have to collect.
"No thanks!! I'll just make my own!!"
My kid became a millionaire when he was 27. He became a MULTIMILLIONAIRE at 30. Life is good!! 🤣🤣🤣
Just over 200k and started investing my 401k at 25% about 480.00 every 2 weeks VFIAX plus another 250.00 a week into Amazon stock 139 shares 205 VOO 113 Apple only 2 NVDA but those shares are only going up hoping to retire in 14 years when I’m 62 🎉
I’m 37 and just reached 300k
how did you do it and how much did you have when you were 24
@@resared8538 started investing at 19yo while saving 10% of my income . At 24 yo my balance was 18k. As my income grew i started to save more which is now at 25% savings rate.
I'm right with kpad at 36yo I started at 22 as a firefighter making 35000k a year at that time I had about 16000k at 24yo in my 457 which is like a 401k I was putting in 20 percent of my pay I could saved more wish I would have at that time. I hope that's helpful to you.
Kpads got it right when you get a raise its a chance to increase your wealth by investing or saving your money . 95 percent of people get a raise they go buy toys and things they don't need. Years later the toys are broken and they missed their best chance at building wealth. Don't be the 95 percent.
The same thing works with inflation. After 36 years your million has buying power of probably 200k
Yeah if everything was as simple as a middle school maths problem. Market may crash and it may take years or even decades to recover, that’s a possibility people especially those closer to retirement must consider. No gain is risk free
Depressing that I don’t have the time. Wish I knew about compounding years ago. I will be dead in less than 20 years.
I’ve been working since I was 18 and started out with nothing. Currently I’m about to turn 24 and I reached the 100k mark last December. Based on my current savings rate of about 28k per year and compound interest, I should reach 200k by the end of 2026. My biggest goal is to retire in my mid to late 30s with a house fully paid off and around 500k invested. I really, REALLY do not wanna slave my life away and be forced to work until I’m 65. The fact that most of us work 40+ hours per week for 45+ years is insane to me, and in my opinion wasteful of our one short life. It’s the exact reason why I’m so frugal and mindful of my finances.
We are the same age I’ve been working and investing since I was 17. I hit 150k just recently. Do you have a discord server by any chance? I’d like to communicate with people who have similar mindsets.
Please note that you really should also account for fees and charges when accounting for the interest. 8% is pushing it. 7% would be better, 6% is realistic because average inflation is not 2%, it's over 3% (3.8% over past 50 years even if it's 2.65% for the past 10 years) and it's better to be pessimistic. However that doesn't change the 1/3rd aspect, just the time to reach the goals. It shows how important it is to increase that monthly investment upwards over time.
Yeah and housing did not get more expensive over time too? WTF is the extra money supposed to come from?
Over 300k.. However I won't live long enough to see 1M.. great that I started but sadly too late. I didn't know how ANY of this worked till I was 50 and then it took 7 more years to dump debt and be able to put money away.. I certainly don't have 30 more years and won't ever make enough to cover the million mark.
36 years is too long for me.
100,00 $ was a big deal 4 years ago. Now the inflations has kill everything .
thanks sleepy joe
🙏🙏🙏Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!
Thank you Jesus🙏🙏🙏, $32,000 weekly profits Our Lord Jesus have lifted up my Life.
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God 🙏..
Thanks to my co-worker (Alex) who suggested Mrs Mary Elizabeth Webb ..👍
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.🙏
What you are doing is not Christian...Scammer!
This is the way. Start as early as possible and increase the amount invested every month with each pay increase.
That's fine, but theoretical. Life isn't linear - it will surprise you
I would love to hit over 500k by 40. I’m at 250 with 3 years to go…
Inflation eats up some of that compound returns
1 million in 36 years will be worth a lot less than 1 million in today's dollars, that's for sure
Although I am all for investing, I can't keep from wondering what would that 1 mil. Be worth in 30 years.. I fear it would be worth far less than maybe 200k in today's money due to inflation. Am I wrong?
This assumes an ever increasing stock market. The world is finite so infinite growth is not possible. That’s why many companies are only seeing profit increases by mergers and layoffs.
I am an active duty service member and I have been investing for a few years. I have reached a point where I could benefit from financial advice to improve my $160k portfolio which seems to be stagnant and maximize return on my investment.
You didn't provide detailed information about your portfolio makeup. However, I recommend seeking guidance from a financial advisor for a well-informed portfolio restructuring.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
Monica Shawn Marti 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.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Well I’ve hit quarter mill working a blue collar job with three kids and my wife is a stay at home mom . It can be done .
sir pls share all your free excel etc tks sir
Fund value can go up and down. There are people becoming half a millionaire after becoming millionaire, due to market selloff and financial crisis.
Where can I average 8 percent a year in returns?
S&P
It says in the video...
Low cost index funds
I am 27 and i just started my ROTH IRA and deposited the max for 2024! I feel stupid for how long it took to get my life straight. The problem here is, what is the best way to invest the money to grow to $1 million for retirement?
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
You don't need to find the next NVDA to succeed in investing. Just choose top-notch ETFs and partner with a financial advisor like I did. I turned $100k into $20,000 in annual dividends-a significant milestone for me today.
Impressive! I admit I'm scared about retirement as I turn 60 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
Whitney Kay Stacy" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
While investors are preparing to celebrate this year's soft landing, economic data doesn't appear to be cooperating, I’ve heard testimonies of people accruing over $250k this red period. What measures can I take to ensure this?
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.
Very true. Despite having no prior investing knowledge, I started investing after the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
Absolutely true. I started investing following the pandemic despite having no prior experience, and I made about $950k in profit that year. Actually, all I was doing was seeking expert counsel.
How do I find this financial counselor ?
I've changed advisors a few times before settling on "Melissa Jean Talingdan," whose assistance is excellent. You can definitely get her fundamental information by doing more research on her on your browser, in my opinion.
and how you get a return of 8%?
Exposure to stock market (in the very long term though!!), it can be done thru SP500 or MSCI World ETF for example
@@Bashy776 cool. But how you invest in the SP500 or MSCI World? How do you buy shares of them?
Wouldn't that mean you are 1/10 away?