Not Saving or Investing Enough could Slow your Wealth!

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  • เผยแพร่เมื่อ 29 ต.ค. 2024

ความคิดเห็น • 9

  • @34tgroan
    @34tgroan 2 หลายเดือนก่อน

    Do a video with someone making minimum wage.

  • @1mz0qpal
    @1mz0qpal 2 หลายเดือนก่อน +2

    Would have been better for some ppl me included if the salary at age 30 was under less than $130 grand. Good for that theoretical guy tho

    • @1mz0qpal
      @1mz0qpal 2 หลายเดือนก่อน

      And a STEADY 4% salary increase is nice lol

    • @hemconsultants
      @hemconsultants  2 หลายเดือนก่อน

      That's where the software comes in handy, you an input your salary and growth, and play with the saving/investing amounts to see the differences in wealth. Let me know if you have any questions!

  • @101Business-ideas
    @101Business-ideas 2 หลายเดือนก่อน

    The bank I'm banking with is empowers Federal Credit Union, and they said they don't have a compounding interest account.which bank should open compound interest with?

    • @hemconsultants
      @hemconsultants  2 หลายเดือนก่อน

      There are CD's and money market funds that provide compound interest, but any bank/cash product will be tied to market interest rates where you have to consider the risk of inflation and changing interest rates. Consider looking into investing in stock market indexes for any money after your emergency fund that you intend to save for longer term goals like retirement.

    • @mikegiddens9694
      @mikegiddens9694 2 หลายเดือนก่อน +1

      And also just naming one right now, is Capital one is paying between 4.5% & 5% interest. Compounded monthly I believe.

  • @mycode0
    @mycode0 2 หลายเดือนก่อน +1

    24K is my annual salary haha

    • @hemconsultants
      @hemconsultants  2 หลายเดือนก่อน

      The principles apply to all levels of incomes, the numbers are not necessarily important. Your plan is unique to you and there are lessons that can help many people. Keep up the good work!