Here is a sheet to help you save $10,000 in 3 months. Sheet: ko-fi.com/s/749c315672 Info on the Sheet: 1. It's Free 2. Just save a number on the list each day for 12 weeks
Ive gotten beaten down by life really hard for a while . I became homeless sleeping in my car 3 months ago.I had no money to start. And every time I got my hands on money I needed tires, fix the cooling system, registration, brakes etc. I do Courier work full time. I finally got back on track. I watched this video a while ago and I came back to share im starting to turn my life around. I saved 300$ in just a week and hoping I have no surprise expenses and I can stack this 10k. It’s only by the grace of God through Jesus that I’ve been able to stay afloat even in this situation. I’m hoping to keep this up and save at least 1200$ a month or more. Which means it will probably take 6-8 months. I’m grateful I have food in my stomach even though I’m sleeping in my car. Trying to get another job as well. God is good and I trust he’ll turn things around for me.
Yo keep grinding me and my girl was homeless sleeping in the car and now we have a house bro so just keep going keep god first and keep doing what you doing your going to look back and be surprised once you come out on the other side of your journey shining bro 💯‼️💪🏽
Watch ...grant cordones ..undercover billionair...episode..that shit inspired me.. All he had was ....a hundred bucks..and a pickup truck....and climbed to millionair status...!!😂
Building wealth requires disciplined habits, such as consistently setting aside funds for reliable investments. Effective financial management is a critical topic that many avoid, often to their detriment down the line. Earning money is one thing-preserving and growing it is another.
There’s a reason why investment strategies aren’t widely taught in schools. The examples you mentioned are well-aligned; the market downturn actually led to my first million. While some shy away from challenging times, I see them as opportunities-thanks to my advisor’s guidance, of course!
I'm glad you found this information helpful! As a newcomer, I know how challenging it can be to stay informed and make sense of it all. Am I a pro investor? Not at all. I rely on tools like Monitor Edge to track my portfolio, which generated an impressive $473k in profits over the past two quarters. This experience has shown me why seasoned traders achieve substantial returns in what seems like a complex market. It's the boldest decision I’ve made recently.
Investors should carefully manage their exposure and be cautious with new acquisitions, particularly during periods of inflation. Achieving high yields in a recession is often only feasible under the guidance of a professional or a trusted advisor.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Thanks for sharing this. I curiously searched for her full name and her website came up top search. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@LilyClark-g3q However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?
Having an investment adviser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year
Lisa Angelique Abel is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online.
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 call.
I started this challenge over a year ago . I now have over $30k and moved the30k in a Cd till my pre construction home is ready in January. Obviously I have my job, bonuses, and do landscaping on the side on the weekends. I like your videos bc I can relate by experience.
Thank you for saying you have a job and bonuses as well as a side hustle. Most people try to pass it off as if they just worked “super hard” on one income.
@@MB-xv7er oh I made sure to include those important details. I also don’t have a mortgage or rent as the family home I live in is paid off and I have no bills. Without these circumstances it would’ve taken longer but it’s still doable without a doubt. I recommend this challenge to everyone.
It took me 6 months to save $11,000 took some of it moved outta state for a fresh start. Then lived off of it for the rest of the year on top of my side hustles. I have not worked a W2 in 3 years rent and bills are paid. I definitely needed this video because I wanna save it all over again maybe $20,000 this time I also want to get into the air bnb business so lots of goals just need the money 💵
It’s gonna take me many years to build up my credit again. But I want to buy a cheap manufactured home. Just a simply place to call home. Hopefully for 200k or less. Which means I may only need 10k as well. So I’d agree it can change your life. What state did you buy your house in?? Here in CA I could never imagine buying a house with 10k down 😂. I’m planning on moving out of state .
I completely agree. The first $10k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 53 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
@@walter.dlawson2580 My FA’s method is to buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct, use this and you’d make half a mil in a year like I did
@@chrisanthony3560 I recently got into stocks, and I don't mind putting down a substantial investment; I'm seeking to create a portfolio like this. Do you work with novices like myself who are willing to invest, I would want to know. Can you recommend me if so?
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
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 completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
I have "Helene Claire Johnson" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.
At the beginning of 2022 it was hard to save $10,000 . Then afterwards I set a new goal of $30 grand. Now it’s January 2023 and I should have 40 grand in a few days. Probably will spend a grand on home improvements, owing taxes,etc but would like to build it up again 👍
The best thing I ever did for myself was move to a small rural town. Since I work from home, I can live anywhere as long as it has decent internet. I bought a 3 bedroom house for under $40,000 and, because it costs so much less to live here, I was able to pay off the house in 4 yrs. Now I only have utilities to worry about and that's less than $300/mth. Saving $10,000 is a breeze now. If only remote work had been available when I was in my 20s. I'd be a 55 year old millionaire by now. All you 20 year olds with remote work options, appreciate you're able to do this now. Get out of the cities, find a low cost yet perfectly liveable home, and get yourselves out of the debt cycle!
@@karramiranda7421 I'm in ND. Please note that SD has no state income tax while having a similar economy to ND. Winters in both states can be brutal, but DE isn't that lovely either.
The total cost for your 3 bedroom House was only $40 000?!!! Wonderful. I am Moving abroad, in a Eastern European country with cheap rent and cheap Houses as well, and beautiful landscape and people ! And low taxation. Remote work or digital Nomad life IS a true opportunity for one's life, definitely ! It's💕 life changing. Maybe I will find a cheap and lovely House liké yours....
I accept !! My wife and I are already doing the $833 per month (10k/year) after seeing this I’m going to try and double it to $1667 to reach 10k/6months !!! Appreciate the content it’s very educational!!
I sat and worked out that if I really, REALLY didn't buy anything other than shelter, utilities, groceries and transportation, it would take me.... 5 months to save up to 10k! BUT, that didn't account for living life or sudden financial issues, so realistically I'm setting my goal to be 6-12 months to 10K, especially as I know I'll be changing jobs soon and that will cause financial disruptions. Great video!
>You may never know the value of that €1 you have until you go bankrupt, the bad experience I had last year really made me feel that our programs schools must contain more financial knowledge and education. It is never enough to have a good job, a huge salary and all the luxuries at your disposal. But saving money and investing wisely is never a bad idea,... I learned how to invest, no matter how little, but life really believed me in the long run. Thank you for the nice video, it's always interesting to watch your content >
Investing provides a means of allocating money in the but to generate income or profit in the future. By investing, individuals can set aside funds while going about their day-to-day business, allowing their money to work for them and reap the rewards of their labor in the future. It is important to invest wisely, make informed decisions and carefully consider the risks and potential returns associated with each investment opportunity.
I strongly advise you against self trading, it's really dangerous and has brought many investors down, you need someone with the right strategies and expertise to do the work for you, I recommend Sherman Williams Trading expertise.
< In my role as a financial planner, I serve clients with varying income levels. But my goal is the same for everyone I know. I want to help wealthy families continue to build wealth while helping young families achieve their financial goals. Your investment creates a safe haven for the future and helps you through the economic crisis.. The best person i can ever recommend when it comes to cryptocurrency trading is Sherman Williams Trading
On a scale of 1 to 10, I'll give Sherman Williams Trading a 9 simply because no one is perfect when it comes to trading, but when it comes to making a profit...Trust me, it will always be at your service. It really amazes me how I went from an average life to earning $56,500 a week. all thanks to Sherman Williams Trading.. I don't know how he does it but he makes it possible, I believe in him.
I plan to start the 100 envelope challenge soon. I sent this video to my son as well. He just turned 21 & so far he's doing good 👍🏾 I just want my children to do even better than I have!
You should do a new video about Badkhencorp ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
I accept the challenge! I'm 22 and have plans on changing my life for the better now. I'm tired of money only going to bills & food so i'm going to take initiative and begin changing some habits.
I’m in the process of saving $10000 in 100 days using the envelope challenge. It will work out well for me because my month income is sufficient. I am also cutting back on my unnecessary spending. I plan to invest it back into my business...I don't have any debt to clear off.
@@PlutoniumSlums I know you asked him but a good business is car detailing what I do is brings in a good amount of money if you do it efficiently. Any questions you got ask me, no problem giving you free knowledge 👍
I accept the challenge! As a 22 year old who is struggling with finances, budgeting and savings, I understand that NOW is the time to make the necessary changes in habits to have a comfortable and stable life going forward. I’m gonna save the 10k in 3 months using the envelope method and use it to; pay off my personal loan, buy an engagement ring to propose to my girlfriend of 4 years, start and emergency fund for us, and start to invest in stocks to create passive income
Dude, you're 22. Don't get married until 28, or more. Make sure your wife looks at money the same way as you. Otherwise, you'll be an employee in your relationship.
As an avid investor, I frequently ponder how successful investors get millions of dollars from their investments because I see some people content with their strong portfolios. I have over $545K in equity from the sale of my house, but I'm not sure what to do with it. Should I invest in stocks now or should I wait for a better opportunity?
This is the first truly motivating one of these videos I’ve ever watched. Thank you. I immediately went and put $10 in my acct. I know it’s not much, but it’s a big deal to me.
Accepting the challenge modified. $5K in 12 months. $100 a week. I am doing doordash to get some extra money. Made $90 tonight alone. May have to raise my goals.
I accept this challenge. As a 19 year old who is trying to save up for a new truck, I didn't know how to save up money or where to start. I have always been a spender more than a saver and I have been trying to change that and get in the habit of saving instead of spending. I didnt know how or where to start until I watched this video. Now I know what I can do and start this challenge. I will beat this challenge for the first time and then I will beat this challenge again but at a higher goal!
I'm a waiter and summer has amazing tips, but winter... not so much. I appreciate your take on this simple saving challenge. I'm going to start tonight with my tips!
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 Veronica Hoy.
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 to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Badkhencorp is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
I accept the challenge! This challenge is new to me. Everything about this challenge is new to me (especially the dollar amount & the time frame given). 10K in 6 months is the challenge I chose. I need to challenge myself at building solid habits which will ultimately lead to financial freedom for me. This is my first time watching your content & I will subscribe to your channel because this video is an instant classic.
11:22 this part spoke to me, i managed to get out of my bad habit of buying materialistic things when I can’t afford them and this channel is helping me change my mindset
I accept. I had 10k once but I didn’t have the lessons that came with it. I like to lean, and I want to test myself. I spent it all when I had it but now I’m like where did it all go… so yeah I think this will be good for me for my long lasting run in this marathon.
Challenge Accepted I’m starting tomorrow. I need to instill discipline when it comes to money. i’m only 27 years old and I can see what I without. I’ve blown through at least 200 K in my lifetime.
I once saved my first $10,000 and got my first apartment and have not been able to get back to $10,000 in over a year after getting an apartment. After listening to this video, I can achieve this again.
@@jackjack4412 Took me about 6 months of saving. Granted I hardly had any bills to pay. After getting my apartment, it feels like there’s too many bills to pay as well as I got a new car. In about a year with these new expenses, I’ve saved up about $4k
I wanna save this so I NEVER go back to my old ways or have to worry about falling behind again. I'm off square one. $1500 by this next Friday. Once I save 10,000 I wanna invest and have three separate income network Etsy, side detail business.
bro...the envelope thing is actually a very very very useful concept... genious to be exact... got yourself another sub... a lot before getting to the "please like and subscribe part"...
Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. it takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way.its great to start young too!
@Sara Griffinn I started during the covid pandemic and I put some money from my salary to invest. I have a professional who guides me in building a good investment portfolio
I work with Rachel Blanc; she provides excellent, reasonably priced service. She's amazing, and I recommend her to anyone at any time. You are able to conduct your own research.
I Accept! But because of my income will be starting at $5k. I make good money but single parent and todays expenses are crazy! So that’s a comfortable number for me. Thank you
Before this video , June 2022 I would make $900 a week working 5-6 days a week and I would only give myself $150 allowance and the rest in savings. I mange to save 5k in 2 months, then spent it all in 2 weeks and cut my hours at my job. Realize I didn’t want to fully depend on my 9-5 to make money. Started doing stocks and forex . Now I’m doing 400$ a week learning to mange even when my savings looking good and investing in better things. I’m 23 so this video is refreshing . Reminds me to stay on track
There is more downside coming because current economic conditions can not and will not sustain any meaningful long term bull run for the near future. It's not me being bearish for the sake of being bearish. It's looking at the overall picture and there's really nothing overly positive going on right now.
Over time, the Crypto market has shown to be beneficial and rewarding, but it all relies on your investing strategy. If you invest incorrectly, you may wind up with losses, which no one wants.
We actually WANT a bit more of a retraction. Would allow us to burn more with less $$ invested and gives the retail investors a chance to both get in and get more.
I’m excited to implement these goals in my financial journey! I have been in the past not very good at saving and thinking long term,because I simply wasn’t taught, but your great job of explaining and motivation has inspired me to the challenge. I have to pay off 2 CC debts and an auto loan off first. But I’m up for the challenge! Thanks for your help!
Try not to apply for any more debt neither. Some people have more than they can handle. C.C. interest eats your could be savings up. Think...you come first. Pay yourself & don't touch that savings until you've reached your goal. Sacrifice & discipline is key. Slow down your spending. Get rid of all things you don't need. You don't have to keep up with the Jones. Watch your reward grow. Sit back & relax. You can do it. Let me know 6 months from now ok!
MsShilady, thanks for your liking my reply to you. Here's a tip, keep your credit card spending at least 10%. They won't charge you any interest $50.00 or less. If an emergency occurs, that's a different issue, I understand, we all experience them. Let your credit grow itself, whether you have to ask them or its automatic, like on a capital one card. The more credit you have, the more buying power you' ll have later on. The key is to use less credit, so that your utilization status won't lower your credit score. Pay off the balance easier every month & they can't make money off you. 0 balance = no interest charged. See! Keep up the good work. 00
Definitely dropped valuable financial information and I’m going to accept this challenge and give myself 6-12 months, my goal is to reach it before then , but like you said to get in the habit of putting extra money aside , is the KEY .. thanks 👍🏽
Interesting that TH-cam would recommend this video to me today. I have about 20k remaining on a new car loan, and the last few days, I've been thinking about unloading it and using the equity (about 8k) to get the most reliable used car I can find for that much, thus eliminating my monthly payment and freeing that money up to work toward some other financial goals. After a few days of deliberation, though, I've decided that since I like the car and am able to continue making the payments without worrying about survival, it is worthwhile to just use it as an opportunity to really build that muscle of living frugally whilst aggressively attacking a debt for an extended period of time (about 7 months, instead of the remaining 28 months on the loan). I'm not doing QUITE doing this challenge, but this is still an interesting and inspiring video because I feel like what you're talking about is very much in the same spirit as what I'm trying to accomplish
Another option for the envelope method is to number the 1 to 100 like you said but every time you have any extra cash you put it in the envelope once you reach 100 dollars in an envelope you seal it and put it away so on and so forth that is what I am going to start to do hopefully I will have 10k in 8-12 months
I accept, I have $1,549 dollars left on debt and plan on having this all paid off Dec 16th. I will then start the $10k challenge. I'll report back in 3-6m. Paid off a good amount this year. Took some time but I'm in track to be debt free for 2022 and save heavy and invest in 2023 👌🏽👌🏽👌🏽👌🏽
It’s takes a lot. My wife works technically three jobs. Paraprofessional/Teacher - Side hustle & Day care teacher in the summer. I work two jobs, I make 23.88 on one and the other I make $18.50. Both are night shift so I can be able to take my daughter to the doctor and such. We are restless every night and day, but we’re doing this so we can live comfortably and my daughter to have a nice home and k ow we came up by working our butts off.
TOMMY I ACCEPT THE CHALLENGE Feeling Thankful I listened to this entire video… it has confirmed I need to stop overspending and align myself with a knowledgeable mentor & financial advisor like yourself. I believe I could’ve already been a millionaire had it not been for my overspending. I like that you mentioned “SELL” bc my mindset has already shifted in that direction… Planning to recoup most of the $$$ spent on “Things” … A ROI 😊 BTW I’m 50+ Very Optimist Thankful & Grateful… Hoping to speak to you soon 🙏🏽SUBSCRIBED✌🏽
This was all very informative! Maybe in the future you can go over strategies for taxes? There has to be ways to get away from capital gains on node profits yes its through *Daily web earn*
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
It's possible to produce superior performance provided you do something different from majority. However most of us tend to pay more attention to the shiniest position in the market to the cost proper diversification.
Having monitored my portfolio performance which has made a jaw dropping $375k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
@@christopherhilgate3163 Interesting, I have a lump sum doing absolutely nothing at all my bank account, I wanna get something started with it, you seem to be doing excellent for yourself, how do you achieve this?
Tommy, Another helpful video. Here is something I would appreciate your thoughts on: I wonder if the distribution of the $10K depends on the person's age & the state of the stock market? I am new to investing. However, it seems like many stocks are currently much cheaper than in past & some seasoned investors think the markets could fall lower. Therefore, a senior citizen (like me) just getting into investing might need to do things differently than younger folks like you. It seems like this is the time to be saving as much $ as possible to invest into our most highly convicted stocks and/or ETF's or index funds. Thank you.
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That’s the key to living financially stable....
Cypto is a whole different ball park. I would only invest funds in it that you are willing to lose or don't need. In terms of day trding cypto I don't keep an eye on anything at the moment except XRP. Wouldn't be the right guy for day trding cypto
Great Video, Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.
I agree with you. I had a senior colleague at work who was living well but never had an Investment, unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income.
Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk , profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
With the help of Angelina Morris who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with her expertise and guidance,she has helped me make huge profit on my Investment portfolio.
Oh its great to see someone who also benefit's from the services of Angelina Morris indeed it's a small world. She is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 123,795 usd from my initial amount of 5100 usd with her managing my portfolio.
The envelope challenge sounds right for me! I’ll put my twist on it though because I’m looking to save money. If I reach $10k, great! If I don’t and still come out alright, that’s okay too. I really want my student debt knocked down.
I'm going to do this, I think it will be best to start with the BIGGER bills FIRST! I AM DEBT FREE so I shouldn't get hungry or thirty to pull from the stack! I need a roof replacement. I KNOW this will be the best way to get it done w/o touching my savings. Thank you Lord for brilliant minds!!!❤
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
I agree with you, Covid taught us the importance of having a plan "B" income. You are not safe with just one paying job, when nobody knows what will happen next. Look at what happened to so many of u...
Investment is that tiny line that separates the RICH from the POOR. The foolish from wise sorry to say. I can proudly say I am wise today because I can provide for my family through my investments.
These are what beginners do think, me too I used to think the same way... Thank God I met Mrs Camille Anne Hector...she helped me in trading and inculcate how the market works..
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 $700K 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 of months, so I think there are a lot of wealth transfers in this downtime if you know where to look.
@@EmilyBaker-uo4ev I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague
@@NicolasMonnet 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.
@@RichardJohnson-rm2sft The thing is that I really don't like making such recommendations. But there are many freelance wealth managers you could check out. I have been working with "Ingrid Cecilia Raad " for a long now, and she's made decent returns. If she meets your discretion, then you could go ahead.
@@NicolasMonnet I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.
It is commending to see a young black man who is smart about money! If youths and even midage people would listen and follow the advice and challenge this young man is giving, many people would be very wrll off rather than in the red every month! Very very good advice in this video!!
I accept this challenge! I was doing so well in the beginning of 2023 to pay off all my debts and start saving Made it all the way to almost 5k then some expenses hit and I lost my Rhythm but it’s time to hop back on
You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a crypto market for just few months and now they are millionaires , all thanks to Mrs Jane, God bless you madam 😇
I accept, Ive always not been great at budgeting but building habit like these and challenging ourselves to be more precise with money will pay later on! Good video and good luck savers!
Here is a sheet to help you save $10,000 in 3 months.
Sheet: ko-fi.com/s/749c315672
Info on the Sheet:
1. It's Free
2. Just save a number on the list each day for 12 weeks
Ive gotten beaten down by life really hard for a while . I became homeless sleeping in my car 3 months ago.I had no money to start. And every time I got my hands on money I needed tires, fix the cooling system, registration, brakes etc. I do Courier work full time. I finally got back on track. I watched this video a while ago and I came back to share im starting to turn my life around. I saved 300$ in just a week and hoping I have no surprise expenses and I can stack this 10k. It’s only by the grace of God through Jesus that I’ve been able to stay afloat even in this situation. I’m hoping to keep this up and save at least 1200$ a month or more. Which means it will probably take 6-8 months. I’m grateful I have food in my stomach even though I’m sleeping in my car. Trying to get another job as well. God is good and I trust he’ll turn things around for me.
Yo keep grinding me and my girl was homeless sleeping in the car and now we have a house bro so just keep going keep god first and keep doing what you doing your going to look back and be surprised once you come out on the other side of your journey shining bro 💯‼️💪🏽
Glad you’re doing better stay focused you will reach all your goals 💯🤞🏾
Watch ...grant cordones ..undercover billionair...episode..that shit inspired me..
All he had was ....a hundred bucks..and a pickup truck....and climbed to millionair status...!!😂
You got it
Hi, we’re you able to save 10k?..
Building wealth requires disciplined habits, such as consistently setting aside funds for reliable investments. Effective financial management is a critical topic that many avoid, often to their detriment down the line. Earning money is one thing-preserving and growing it is another.
There’s a reason why investment strategies aren’t widely taught in schools. The examples you mentioned are well-aligned; the market downturn actually led to my first million. While some shy away from challenging times, I see them as opportunities-thanks to my advisor’s guidance, of course!
I'm glad you found this information helpful! As a newcomer, I know how challenging it can be to stay informed and make sense of it all. Am I a pro investor? Not at all. I rely on tools like Monitor Edge to track my portfolio, which generated an impressive $473k in profits over the past two quarters. This experience has shown me why seasoned traders achieve substantial returns in what seems like a complex market. It's the boldest decision I’ve made recently.
Investors should carefully manage their exposure and be cautious with new acquisitions, particularly during periods of inflation. Achieving high yields in a recession is often only feasible under the guidance of a professional or a trusted advisor.
How can I find a trusted financial planner like yours?
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 38, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
Thanks for sharing this. I curiously searched for her full name and her website came up top search. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
🤑😍
Can you explain how you did tht?
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@LilyClark-g3q However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@MartaRinker Oh I would love that. thank you .
@@LilyClark-g3q Suzanne Gladys Xander is her name .
Lookup with her name on the webpage.
The question is how to convert your salary into the investment funnel without double taxation. you pay taxes once it's earned, then buy stocks and get taxed again once you sell. Want to invest over 300k on the stock market, how do I achieve this?
Having an investment adviser is the best way to go about the stock market right now, I've been in touch with a coach for awhile now mostly and I made over $800K within a year
This is probably what I should do. Who is your advisor, please?
Lisa Angelique Abel is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online.
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 call.
There are only 2 guarantees in this world. "T AND D are it" So we try to do the best we can.
I started this challenge over a year ago . I now have over $30k and moved the30k in a Cd till my pre construction home is ready in January. Obviously I have my job, bonuses, and do landscaping on the side on the weekends. I like your videos bc I can relate by experience.
Thank you for saying you have a job and bonuses as well as a side hustle. Most people try to pass it off as if they just worked “super hard” on one income.
@@MB-xv7er oh I made sure to include those important details. I also don’t have a mortgage or rent as the family home I live in is paid off and I have no bills. Without these circumstances it would’ve taken longer but it’s still doable without a doubt. I recommend this challenge to everyone.
Just found you today! I subbed 👍🔔 and I Accept!!!!❤
What a CD and what will
Do for your money?
@@IVAN2233 hey Ivan , research it or ask your bank what options they have or even Google best banks for CD’s.
It took me 6 months to save $11,000 took some of it moved outta state for a fresh start. Then lived off of it for the rest of the year on top of my side hustles. I have not worked a W2 in 3 years rent and bills are paid. I definitely needed this video because I wanna save it all over again maybe $20,000 this time I also want to get into the air bnb business so lots of goals just need the money 💵
All the best with ur goals!
Inspiring forreal. And you can do it!
I’m about to leave cali go to Alabama ❤
What type of side hustle do you do?
@@tyesquivel7079 I’m a reseller on offer up I also sell on poshmark and I get paid from my TH-cam videos
Counterpoint: $10k can absolutely change your life. 10k was the downpayment and closing costs on my home, which has appreciated by $100k.
Where did u buy ur house at ? And this was in 2024?
It’s gonna take me many years to build up my credit again. But I want to buy a cheap manufactured home. Just a simply place to call home. Hopefully for 200k or less. Which means I may only need 10k as well. So I’d agree it can change your life. What state did you buy your house in?? Here in CA I could never imagine buying a house with 10k down 😂. I’m planning on moving out of state .
@@McRuffin Oregon! Mind you this was 8 years ago, but depending on financing you can absolutely buy a home with $10k, maybe in CA!
in australia you need 60k deposit
Once I saved $10,000 and left it in my account
I noticed how differently I behaved, like my psychology was better simply by seeing $10,000 on me
I completely agree. The first $10k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 53 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
You seem knowledgeable… any recommendations ?
@@walter.dlawson2580 My FA’s method is to buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct, use this and you’d make half a mil in a year like I did
@@chrisanthony3560 I recently got into stocks, and I don't mind putting down a substantial investment; I'm seeking to create a portfolio like this. Do you work with novices like myself who are willing to invest, I would want to know. Can you recommend me if so?
I’m 39! Recently started investing in crypto. XRP and XLM for starters. Stocks are to slow for me 😂..
How can a poor person achieve this? I did not start saving until 40 because I thought I could not. My salary is very little compared to yours.
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
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 completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?
I have "Helene Claire Johnson" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.
Thanks for the info, i found her website and sent a message hopefully she replies soon.
Have been doing the challenge since January. I did the 12-month saving and now I am 3 months away from 10,000 dollars.
Congratulations 🎊
Sarah 🎉 good job
At the beginning of 2022 it was hard to save $10,000 . Then afterwards I set a new goal of $30 grand. Now it’s January 2023 and I should have 40 grand in a few days. Probably will spend a grand on home improvements, owing taxes,etc but would like to build it up again 👍
So when you do the envelope challenge do you insert money everyday or just when you get paid
Thats great
The best thing I ever did for myself was move to a small rural town. Since I work from home, I can live anywhere as long as it has decent internet. I bought a 3 bedroom house for under $40,000 and, because it costs so much less to live here, I was able to pay off the house in 4 yrs. Now I only have utilities to worry about and that's less than $300/mth. Saving $10,000 is a breeze now. If only remote work had been available when I was in my 20s. I'd be a 55 year old millionaire by now. All you 20 year olds with remote work options, appreciate you're able to do this now. Get out of the cities, find a low cost yet perfectly liveable home, and get yourselves out of the debt cycle!
THATS AWESOME.. What state are you in? I work remotely also.. looking to move to a more small town. Currently in DE...
@@karramiranda7421 I'm in ND. Please note that SD has no state income tax while having a similar economy to ND. Winters in both states can be brutal, but DE isn't that lovely either.
The total cost for your 3 bedroom House was only $40 000?!!! Wonderful. I am Moving abroad, in a Eastern European country with cheap rent and cheap Houses as well, and beautiful landscape and people ! And low taxation. Remote work or digital Nomad life IS a true opportunity for one's life, definitely ! It's💕 life changing. Maybe I will find a cheap and lovely House liké yours....
I accept !! My wife and I are already doing the $833 per month (10k/year) after seeing this I’m going to try and double it to $1667 to reach 10k/6months !!! Appreciate the content it’s very educational!!
I sat and worked out that if I really, REALLY didn't buy anything other than shelter, utilities, groceries and transportation, it would take me.... 5 months to save up to 10k!
BUT, that didn't account for living life or sudden financial issues, so realistically I'm setting my goal to be 6-12 months to 10K, especially as I know I'll be changing jobs soon and that will cause financial disruptions. Great video!
>You may never know the value of that €1 you have until you go bankrupt, the bad experience I had last year really made me feel that our programs schools must contain more financial knowledge and education. It is never enough to have a good job, a huge salary and all the luxuries at your disposal. But saving money and investing wisely is never a bad idea,... I learned how to invest, no matter how little, but life really believed me in the long run. Thank you for the nice video, it's always interesting to watch your content >
Investing provides a means of allocating money in the but to generate income or profit in the future. By investing, individuals can set aside funds while going about their day-to-day business, allowing their money to work for them and reap the rewards of their labor in the future. It is important to invest wisely, make informed decisions and carefully consider the risks and potential returns associated with each investment opportunity.
>
I strongly advise you against self trading, it's really dangerous and has brought many investors down, you need someone with the right strategies and expertise to do the work for you, I recommend Sherman Williams Trading expertise.
< In my role as a financial planner, I serve clients with varying income levels. But my goal is the same for everyone I know. I want to help wealthy families continue to build wealth while helping young families achieve their financial goals. Your investment creates a safe haven for the future and helps you through the economic crisis.. The best person i can ever recommend when it comes to cryptocurrency trading is Sherman Williams Trading
On a scale of 1 to 10, I'll give Sherman Williams Trading a 9 simply because no one is perfect when it comes to trading, but when it comes to making a profit...Trust me, it will always be at your service. It really amazes me how I went from an average life to earning $56,500 a week. all thanks to Sherman Williams Trading.. I don't know how he does it but he makes it possible, I believe in him.
I plan to start the 100 envelope challenge soon. I sent this video to my son as well. He just turned 21 & so far he's doing good 👍🏾 I just want my children to do even better than I have!
I accept the challenge... I am so happy and grateful that I saved $10,000 dollars in 6 months to take my family to Florida May 2023.
Did you go?
Saving 10k just to spend it all on a trip is foolish
@kievonJSmoothSoul my money bixtch we travel for the experience and memories... always broke kniqqaz got something to say. 🤣🤣🤣
You should do a new video about Badkhencorp ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
I accept the challenge! I'm 22 and have plans on changing my life for the better now. I'm tired of money only going to bills & food so i'm going to take initiative and begin changing some habits.
Update
I GLADLY ACCEPT THE CHALLENGE ! I had already started, and I am halfway. Now, you're giving me even more drive and stamina. Real challenge now. Thanks
I’m in the process of saving $10000 in 100 days using the envelope challenge. It will work out well for me because my month income is sufficient. I am also cutting back on my unnecessary spending. I plan to invest it back into my business...I don't have any debt to clear off.
Is the business turning a profit ?
@@TommyBryson yes definitely.
@@GrowWithNiki what do you do for business if you don’t mind me asking?
@@PlutoniumSlums nah your not getting easy handouts nice try
@@PlutoniumSlums I know you asked him but a good business is car detailing what I do is brings in a good amount of money if you do it efficiently. Any questions you got ask me, no problem giving you free knowledge 👍
I accept the challenge! As a 22 year old who is struggling with finances, budgeting and savings, I understand that NOW is the time to make the necessary changes in habits to have a comfortable and stable life going forward. I’m gonna save the 10k in 3 months using the envelope method and use it to; pay off my personal loan, buy an engagement ring to propose to my girlfriend of 4 years, start and emergency fund for us, and start to invest in stocks to create passive income
Congrats to your oncoming goals that you will achieve! 21 and I’m in the same boat 🙏🏽
you got this
Dude, you're 22. Don't get married until 28, or more. Make sure your wife looks at money the same way as you. Otherwise, you'll be an employee in your relationship.
😂😂😂😂😂😂😂
Good luck!!!
As an avid investor, I frequently ponder how successful investors get millions of dollars from their investments because I see some people content with their strong portfolios. I have over $545K in equity from the sale of my house, but I'm not sure what to do with it. Should I invest in stocks now or should I wait for a better opportunity?
I need help rebuilding my portfolio and coming up with more effective strategies because of the big drops. where can find this coach.
Maybe Invest in an s&p 500 index fund. I use charles schwab. Swppx.
i think you should look into it more before committing. maybe look at what other people did or even hire a financial advisor
This is the first truly motivating one of these videos I’ve ever watched. Thank you. I immediately went and put $10 in my acct. I know it’s not much, but it’s a big deal to me.
God is good all the time and, all the time, God is good; snd you’re a representative of His Love. Thank you brother.
Accepting the challenge modified. $5K in 12 months. $100 a week. I am doing doordash to get some extra money. Made $90 tonight alone. May have to raise my goals.
I accept this challenge. As a 19 year old who is trying to save up for a new truck, I didn't know how to save up money or where to start. I have always been a spender more than a saver and I have been trying to change that and get in the habit of saving instead of spending. I didnt know how or where to start until I watched this video. Now I know what I can do and start this challenge. I will beat this challenge for the first time and then I will beat this challenge again but at a higher goal!
Update
Congrats ! Carry on the 10K challenge, and more!
"Don't get no plastic surgery bro" this line had me dead haha
Lol 😂
That's a double negative, so I am supposed to get plastic surgery?
I'm a waiter and summer has amazing tips, but winter... not so much. I appreciate your take on this simple saving challenge. I'm going to start tonight with my tips!
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 Veronica Hoy.
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 to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Veronica Hoy 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 accept this challenge. You’ve broken this down in a way that makes the financial literacy in life easier to relate to and absorb.
Badkhencorp is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
I just found you. Very smart young guy. Speaking from conviction and experience giving folks a plan. You deserve subs
Thanks 🙏
I accept the challenge. I'm working on getting a 2nd job. It's going to suck..but the 2nd job will be pure profit
Your video encouraged me to start saving I'm at 1,000 now trying to get 10000 in one year
I'm honestly trying to save 20k before I move out own my own so this video definitely helped appreciate it Tom
I ACCEPT the challenge Tommy. Gonna aim for $10K between 8-12 months.
I accept the challenge! This challenge is new to me. Everything about this challenge is new to me (especially the dollar amount & the time frame given). 10K in 6 months is the challenge I chose. I need to challenge myself at building solid habits which will ultimately lead to financial freedom for me.
This is my first time watching your content & I will subscribe to your channel because this video is an instant classic.
Accept. I’m 26 and wanna change my life for the better. So I’m gonna put my best foot Forward.🙏🏾🤞🏾
Not gonna lie. He actually gives good advice. I'm gonna use this strategy to pay off my cc debt 😅
Keep me up to date
11:22 this part spoke to me, i managed to get out of my bad habit of buying materialistic things when I can’t afford them and this channel is helping me change my mindset
Step by step, and glad it’s helping 😎
I accept. I had 10k once but I didn’t have the lessons that came with it. I like to lean, and I want to test myself. I spent it all when I had it but now I’m like where did it all go… so yeah I think this will be good for me for my long lasting run in this marathon.
@Jackson Mateo whose that or what is that?
I need to knock out this CC debt before I start saving. Will definitely come back to the video when I’ve paid them off.
Save while paying off the capital on the debt (not interest)
Challenge Accepted I’m starting tomorrow. I need to instill discipline when it comes to money. i’m only 27 years old and I can see what I without. I’ve blown through at least 200 K in my lifetime.
This process works!!!!
Between this and cash stuffing, my down payment for my first house will be ready by 2024, woop woop!!🎉🎉❤
He is right...its too much pressure if its not realistic and you stumble by your second pay check.
I see a lot of scammers in these comments! These so called investment bankers be careful people
I once saved my first $10,000 and got my first apartment and have not been able to get back to $10,000 in over a year after getting an apartment. After listening to this video, I can achieve this again.
You got this man. How long did it take to save the first $10k?
@@jackjack4412 Took me about 6 months of saving. Granted I hardly had any bills to pay. After getting my apartment, it feels like there’s too many bills to pay as well as I got a new car. In about a year with these new expenses, I’ve saved up about $4k
I wanna save this so I NEVER go back to my old ways or have to worry about falling behind again. I'm off square one. $1500 by this next Friday. Once I save 10,000 I wanna invest and have three separate income network Etsy, side detail business.
In the same boat bro
bro...the envelope thing is actually a very very very useful concept... genious to be exact... got yourself another sub... a lot before getting to the "please like and subscribe part"...
Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. it takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way.its great to start young too!
You're right everyone one loves making extra money because right now having a 9-5 is not a dream any longer
Yes I'm happy to be able to earn an extra income by investing, I earn about 5k and more a month or 3 weeks
@Sara Griffinn I started during the covid pandemic and I put some money from my salary to invest. I have a professional who guides me in building a good investment portfolio
I'm interested too I've been looking for a correct way to get started investing, any recommendations for a good professional guide
I work with Rachel Blanc; she provides excellent, reasonably priced service. She's amazing, and I recommend her to anyone at any time.
You are able to conduct your own research.
Accepting this challenge to better myself. I’ve always struggled with money but hopefully this helps me 🙏🏾
I accept the challenge. I’m gonna do it in 6 months. I got a newborn coming in late april 🙏🏾
I Accept! But because of my income will be starting at $5k. I make good money but single parent and todays expenses are crazy! So that’s a comfortable number for me. Thank you
Before this video , June 2022 I would make $900 a week working 5-6 days a week and I would only give myself $150 allowance and the rest in savings. I mange to save 5k in 2 months, then spent it all in 2 weeks and cut my hours at my job. Realize I didn’t want to fully depend on my 9-5 to make money. Started doing stocks and forex . Now I’m doing 400$ a week learning to mange even when my savings looking good and investing in better things. I’m 23 so this video is refreshing . Reminds me to stay on track
Can you teach me how to trade?
And what about bills lmao
@@efrenr792 Right bills always cost and never stop.
There is more downside coming because current economic conditions can not and will not sustain any meaningful long term bull run for the near future. It's not me being bearish for the sake of being bearish. It's looking at the overall picture and there's really nothing overly positive going on right now.
For now i won't be holding rather just trade and earn those short term profits until the market gets stable again
Over time, the Crypto market has shown to be beneficial and rewarding, but it all relies on your investing strategy. If you invest incorrectly, you may wind up with losses, which no one wants.
We actually WANT a bit more of a retraction. Would allow us to burn more with less $$ invested and gives the retail investors a chance to both get in and get more.
When you invest, you are buying a day that you everyone don't have to work. I pray reading this becomes successful
I’m excited to implement these goals in my financial journey! I have been in the past not very good at saving and thinking long term,because I simply wasn’t taught, but your great job of explaining and motivation has inspired me to the challenge. I have to pay off 2 CC debts and an auto loan off first. But I’m up for the challenge! Thanks for your help!
Try not to apply for any more debt neither. Some people have more than they can handle. C.C. interest eats your could be savings up. Think...you come first. Pay yourself & don't touch that savings until you've reached your goal. Sacrifice & discipline is key. Slow down your spending. Get rid of all things you don't need. You don't have to keep up with the Jones. Watch your reward grow. Sit back & relax. You can do it. Let me know 6 months from now ok!
MsShilady, thanks for your liking my reply to you. Here's a tip, keep your credit card spending at least 10%. They won't charge you any interest $50.00 or less. If an emergency occurs, that's a different issue, I understand, we all experience them. Let your credit grow itself, whether you have to ask them or its automatic, like on a capital one card. The more credit you have, the more buying power you' ll have later on. The key is to use less credit, so that your utilization status won't lower your credit score. Pay off the balance easier every month & they can't make money off you. 0 balance = no interest charged. See! Keep up the good work.
00
You're welcome.
@@karlsmith2451 😁thank you!!
I got to 10k in exactly 9 weeks Im not touching it on my way to 15k by the end of January or sooner end of next year 50k cash here we come🔥
What line of work do you do if you dont mind me asking?
“ACCEPT” Thanks my brother✨🙏🏽
I accept the challenge sir. Your videos are awesome 👏🏽
Success and abundance to you sir.
Definitely dropped valuable financial information and I’m going to accept this challenge and give myself 6-12 months, my goal is to reach it before then , but like you said to get in the habit of putting extra money aside , is the KEY .. thanks 👍🏽
Interesting that TH-cam would recommend this video to me today. I have about 20k remaining on a new car loan, and the last few days, I've been thinking about unloading it and using the equity (about 8k) to get the most reliable used car I can find for that much, thus eliminating my monthly payment and freeing that money up to work toward some other financial goals. After a few days of deliberation, though, I've decided that since I like the car and am able to continue making the payments without worrying about survival, it is worthwhile to just use it as an opportunity to really build that muscle of living frugally whilst aggressively attacking a debt for an extended period of time (about 7 months, instead of the remaining 28 months on the loan). I'm not doing QUITE doing this challenge, but this is still an interesting and inspiring video because I feel like what you're talking about is very much in the same spirit as what I'm trying to accomplish
I began my challenge on January 1,2024. I am so exited and I hope I will finish it 😀
Another option for the envelope method is to number the 1 to 100 like you said but every time you have any extra cash you put it in the envelope once you reach 100 dollars in an envelope you seal it and put it away so on and so forth that is what I am going to start to do hopefully I will have 10k in 8-12 months
I accept, I have $1,549 dollars left on debt and plan on having this all paid off Dec 16th. I will then start the $10k challenge. I'll report back in 3-6m. Paid off a good amount this year. Took some time but I'm in track to be debt free for 2022 and save heavy and invest in 2023 👌🏽👌🏽👌🏽👌🏽
So glad someone liked this post, I'm at 5600 In savings since Feb, should be at 8K by end of this month amd 10 by end of April! I'll update
Update, I'm up to 8100 end of march, so I'll hit 10k late April 🤌🏾
Done. 10K saved in 3 months.
@@ceescornerezz bro keep goin💪🏾
It’s takes a lot. My wife works technically three jobs. Paraprofessional/Teacher - Side hustle & Day care teacher in the summer. I work two jobs, I make 23.88 on one and the other I make $18.50. Both are night shift so I can be able to take my daughter to the doctor and such. We are restless every night and day, but we’re doing this so we can live comfortably and my daughter to have a nice home and k ow we came up by working our butts off.
Hit my 10K in 3 months yesterday…thanks so much Tommy.
I'm going to definitely do it i always have$1500 but i can't seem to save more so wish me luck i got this😊😊😊
TOMMY I ACCEPT THE CHALLENGE Feeling Thankful I listened to this entire video… it has confirmed I need to stop overspending and align myself with a knowledgeable mentor & financial advisor like yourself. I believe I could’ve already been a millionaire had it not been for my overspending. I like that you mentioned “SELL” bc my mindset has already shifted in that direction… Planning to recoup most of the $$$ spent on “Things” … A ROI 😊
BTW I’m 50+ Very Optimist Thankful & Grateful… Hoping to speak to you soon 🙏🏽SUBSCRIBED✌🏽
This was all very informative! Maybe in the future you can go over strategies for taxes? There has to be ways to get away from capital gains on node profits yes its through *Daily web earn*
Just got to 10k last week.
Thinking about a part time job to stack even faster.
Let’s gooooo
I’m accepting this challenge too! I’m working two jobs right now to start saving towards a financial future!
Love this video! Thank you for your advice. I will accept your challenge :) I am so ready to save money and get out of debt.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
It's possible to produce superior performance provided you do something different from majority. However most of us tend to pay more attention to the shiniest position in the market to the cost proper diversification.
Having monitored my portfolio performance which has made a jaw dropping $375k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
@@christopherhilgate3163 Interesting, I have a lump sum doing absolutely nothing at all my bank account, I wanna get something started with it, you seem to be doing excellent for yourself, how do you achieve this?
@@johnnycharles4163 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
@@christopherhilgate3163 Do you trade on your own?
Tommy, Another helpful video. Here is something I would appreciate your thoughts on: I wonder if the distribution of the $10K depends on the person's age & the state of the stock market? I am new to investing. However, it seems like many stocks are currently much cheaper than in past & some seasoned investors think the markets could fall lower. Therefore, a senior citizen (like me) just getting into investing might need to do things differently than younger folks like you. It seems like this is the time to be saving as much $ as possible to invest into our most highly convicted stocks and/or ETF's or index funds. Thank you.
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That’s the key to living financially stable....
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@ramadhanipongela1360 You are right. Been thinking of going into gold and cyptocurrency
You’re right but a lot of people remain poor due to ignorance
I’m new to cypto trading, feels overwhelming but I won’t give up on learning this. Thanks for your clear explanation from the very beginning!
Cypto is a whole different ball park. I would only invest funds in it that you are willing to lose or don't need. In terms of day trding cypto I don't keep an eye on anything at the moment except XRP. Wouldn't be the right guy for day trding cypto
Your doing amazing!!
Thank you for helping others with this.
I’m going to start today
I accept the challenge!
Today is April 22 2023 I’m 22 years old and I just got my first apartment in January living in NY and I ACCEPT THIS CHALLENGE
Great Video, Success is dependent on the actions or steps you take to achieve it. Show me a man who doesn't have an investment, and i will tell you how soon he will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.
I agree with you. I had a senior colleague at work who was living well but never had an Investment, unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income.
Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk , profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
With the help of Angelina Morris who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with her expertise and guidance,she has helped me make huge profit on my Investment portfolio.
Oh its great to see someone who also benefit's from the services of Angelina Morris indeed it's a small world. She is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 123,795 usd from my initial amount of 5100 usd with her managing my portfolio.
Great idea👍. Please continue more of these videos to keep us motivated!
That would be $833.333333333.00 for people who work 12 months, but people who work 10 months a year, it would be 500.00 a month.
The envelope challenge sounds right for me! I’ll put my twist on it though because I’m looking to save money. If I reach $10k, great! If I don’t and still come out alright, that’s okay too. I really want my student debt knocked down.
I'm going to do this, I think it will be best to start with the BIGGER bills FIRST!
I AM DEBT FREE so I shouldn't get hungry or thirty to pull from the stack! I need a roof replacement. I KNOW this will be the best way to get it done w/o touching my savings.
Thank you Lord for brilliant minds!!!❤
You saved my life, sir, thank you for this video
Got you, it’s all you
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
I agree with you, Covid taught us the importance of having a plan "B" income. You are not safe with just one paying job, when nobody knows what will happen next. Look at what happened to so many of u...
Job will pay your bills, business will make you rich but investment makes and keep you wealthy, the future is inevitable 💵
Investment is that tiny line that separates the RICH from the POOR. The foolish from wise sorry to say. I can proudly say I am wise today because I can provide for my family through my investments.
These are what beginners do think, me too I used to think the same way... Thank God I met Mrs Camille Anne Hector...she helped me in trading and inculcate how the market works..
Trading with Mrs. Camille has been the right choice I made so far this 2022 at least I've achieved some of my goals, $86,000 and still investing
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 $700K 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 of months, so I think there are a lot of wealth transfers in this downtime if you know where to look.
@@EmilyBaker-uo4ev I completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague
@@NicolasMonnet 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.
@@RichardJohnson-rm2sft The thing is that I really don't like making such recommendations. But there are many freelance wealth managers you could check out. I have been working with "Ingrid Cecilia Raad " for a long now, and she's made decent returns. If she meets your discretion, then you could go ahead.
@@NicolasMonnet I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.
It is commending to see a young black man who is smart about money! If youths and even midage people would listen and follow the advice and challenge this young man is giving, many people would be very wrll off rather than in the red every month! Very very good advice in this video!!
Accept, thank you for your time my man ❤
My gosh your amazing ❤ so realistic and the break downs make it so easy to understand. Love your channel
Thank you for always informing us with some good info !!🥰❤️ challenge accepted!
Got you
I totally agree with what you are saying ....
Savings challenge accepted but as a smaller number. My income is not that great but I am very greatful to have it period.
I accept this challenge!
I was doing so well in the beginning of 2023 to pay off all my debts and start saving
Made it all the way to almost 5k then some expenses hit and I lost my Rhythm but it’s time to hop back on
I'm doing this challenge already and this video just gave me more motivation and knowledge
Thanks Tommy
Sounds like my challenge we’ve been going since January
Let’s goo, you got this
You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a crypto market for just few months and now they are millionaires , all thanks to Mrs Jane, God bless you madam 😇
Wow I' m iust shock someone mentioned expert Mrs Jane thought I'm the only one trading with her
She helped me recover what I lost trying to trade my self.
She's really amazing with her skills..she changed my 0.5btc to 2.1btc
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Jane,
I think she is the best broker I ever seen.
I still wonder how she gets her analysis, I got profit of $28, 609 with a capital of $4000 in 16 days of trading with her
I accept, Ive always not been great at budgeting but building habit like these and challenging ourselves to be more precise with money will pay later on! Good video and good luck savers!
Accept. I recently repaired my credit and saved up to purchase a car. Next step is mastering savings.
I save 15k on a low income I was so happy. And then I started feeling closed in and blew it in retail therapy in 2 months. Started back at 0😭😭
Sheeesh 😭 all good tho. You saved it once you can do it again
Now you know it’s possible, just make sure the amount has a specific goal and to spend 1-5% on the way for fun
@@TommyBryson so true thanks for that tip. Bc didn't know When I would be able to reward myself and how much so I ended u spended it all smh
@@DTBDOMS 😭😭yesss. I try not to beat myself up. But it hurts😔😔