10 Subtle Signs That Scream "Quiet Millionaire"
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- เผยแพร่เมื่อ 15 พ.ย. 2024
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About this episode:
Believe it or not, millionaires usually aren’t the flashiest people in the room. In this episode, you’ll learn the subtle signs of the stealthy wealthy and why we need these quiet millionaire role models.
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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 too, jokingly.
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.
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.
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
My CFA ’Stacy Lynn Staples’ , 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.
Thanks, I just googled her I'm really impressed with his credentials. I reached out to her since I need all the assistance I can get.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again
Mind if I ask you to recommend this particular coach you using their service?
Just research the name Annette Christine Conte . You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday.
Wow! Congrats on that. Is it preferable for me to save money or allocate a significant amount of my salary to stocks in order to accomplish this goal?
Varied sources of income is wise and especially living within your means. My net worth is over $1M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Kristin Amber Landis is a scammer. She steals your money and buys Big Mac’s. She’s an evil woman like Marie Lavoue
I'm coming, 5 months to go
@@TylerofSc004check out Ramsey’s Baby Steps to find out ☺️
1. Digital ghosts
2. Filter out media
3. Seek wise counsel
4. Financial literacy
5. Quiet confidence
6. Have an intentional spending plan
7. Freedom is their personality
8. Love the simple life
9. Work is fun
10. Generous
When you seek out counsel, be leary of scam artists. We see them in comments on Ramsey videos a lot. Always someone starting off with how they turn little into mega amounts. Then someone asking them how, then a name is dropped, then more say, "oh, i've been trying to find that person"... Those are scams, not wise counsel.
11. Learn to recognize Ponzi schemes. - There was a banker being touted as "business man of the ..." because his bank was so profitable. This went on for a few years. He was telling business people how to make money. Then it all collapsed. The banks profits were only on paper and when the scam collapsed, so did the bank. If you need more examples, think ENRON and WORLDCOM.
You’re the GOAT for this breakdown! 👏🏾
@@callmemanny781 A few of those listed on a dating site may keep gold diggers away, but most of the rest too. 🙂
Thank you. No drama. No arm waving.😊
My parents are worth somewhere between 5 and 10 million (earned long after I moved out!) This list is spot on. They are insanely generous, live modestly (in the same 1,200 square foot house they've owned for more than 50 years), and my 80 year old dad still works full-time. Why? Because he loves it.
Yep!
@chrisdavis3055 You are handsome.
The digital ghost part is HUGE! The people closest to me who are millionaires are not only ghosts on social media but don’t even consume it. It’s mind-blowing.
That’s pretty validating as someone who’s not yet a millionaire, but who doesn’t consume social media
As a quiet millionaire who has no television and selectively consumes TH-cam content (with saved history turned off), I can verify this.
I’m 36, own my home outright, have no debt, fully funded emergency plan, and make a “comfortable” wage doing a job that has me visiting luxury destinations at least once a month. I do not have insta, facebook, TikTok - nothing. Last thing I need is envy, or worse, some stalker. Won’t catch me on them
Here's another tip to keep your money: do things for yourself that would cost money for others to do for you. The list includes making your own coffee, cutting your own lawn, fixing when possible and maintaining your autos, painting, anything you do for yourself is money saved even if it's planting a flower. The feelings of accomplishment will be yours.
When you see someone who has really old stuff, but it all seems to look and work like brand new, there's a good chance you've run into a quiet millionaire. With millionaires, the mindset is long term. Far cheaper to maintain your current stuff than to just replace it every few years with new stuff (which is what the masses do).
Solid wood furniture, real porcelain plates, real sterling silverware. All those things last when taken care of.
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.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of loss.
Vivian Jean Wilhelm 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
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Yes, wealth building is a long game! It’s very hard to get most people to embrace this and act accordingly
2 observations of people who are quiet millionaires - Relationships. They don't get hooked up with partners who will drag them down. They make good decisions in their personal relationships and as partners they are generally on the same page when it comes to saving and investing for the long term. Another is having good basic math skills. This may go with Financial Literacy. Understanding things such percentages, interest and compounding goes a long way toward building wealth.
The first rule of Quiet MillionaireClub is you don’t talk about it.
The same goes for the second rule.
👊
This is just the type of life I want to live. I read of Ronald Reed, the janitor who invested up to 8 million picking high quality stocks and investments. I have about 180k I want to start with, but I'm not good at reading all those investment analyses and all. Any recommendations?
No specific suggestions from me, but all I can say is that it's really not as difficult as many people assume it to is. It requires a certain level of diligence, which ordinary investors lack, so a financial advisor usually comes in very handy. That is how people make huge profits in the market.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
Thank you very much for the recommendation. I'll try to reach her and I hope I'm able to connect with her.
Check the FIRE community, (Financial independence, retire early). There's tons of tips there.
This is a timely video. I am just starting a new job and will be making over double what I am now (doing what I love). However, my husband has often been tempted to take part in get rich quick schemes and pays too much attention to all of the TH-cam videos that play on financial fears. While we do live a simple life, his family is quick to encourage him to spend money on frivolous things, which I keep him grounded on these things. I have the quiet confidence that he lacks and I don't feel the need to brag about how much we make or what we have.
I swear George is by far my favorite Ramsey Personality! All his videos make me laugh so hard 😂 while learning about money
I LOVE YOU GEORGE! 😂😂
He’s also gay and that’s a bonus for me 🏳️🌈
You forgot they own an old Toyota
Or Honda.
I have three Toyota’s with 740k miles on them. Been driving one everyday for 22 years.
@@russrichards6685 that's my dream to own three Toyota's, I will be buying another one soon.
Amen. Usually with some hail dings cuz it was totaled after 10 years but it still runs fine!
haha, I owned one for 19 years. It finally started having problems about 6 months ago so I bought a tesla with cash
When my wife and I refinanced during the pandemic we were qualified for a $1M home. We are perfectly fine in our $280K home we bought just before Covid. We don't feel the need to keep up with the jone's based on our incomes. More interested in experiences with our daughter and financial freedom than a big house and new cars. I won't deny that we are fortunate enough to have good paying jobs and to have bought a home pre pandemic. It's incredibly tough out there now for those who want to buy.
My parents grew up during the Depression and WWII. So, they were downright cheap.
When I finished law school, my father decided he could afford a nice car. My mother nixed the Cadillac in favor of a Buick, claiming that the back window was too small.
She told me later she could see, but she didn't want people to think she was a rich bitch.
I remember when I was on an Amish tour near Lancaster, PA, our tour guide said that 10% of all Amish families were millionaires. They are labeled as "quiet millionaires" because they don't worship the god of materialism, but are extremely self sufficient.
I grew up in Holmes County Ohio, i could tell you all kinds of stories of Amish families that are unbelievably wealthy. They are also incredibly generous.
Ten percent of all Americans are millionaires anyway, so they are just keeping up with the averages.
I live 20 minutes from Lancaster. The Amish only spend their money with in their own community. And they they help each other for free all the time. Avoiding a lot of taxes. They also don’t have cell phones, electric bills car bills etc. it’s easy to see how they are millionaires.
@@tylermillercoachOne community funded their own hospital to treat genetic disorders with all the latest equipment, doctors etc
@@tylermillercoachyou are absolutely correct! Im in Lancaster Pa and I know quite a few Amish who are multi millionaires and you would never know
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
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.
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.
“Melissa Jean Taligdan’’ 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 this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
I am a quiet millionaire, and I would never ask advice from a financial advisor. A lawyer maybe, a tax specialist absolutly. But a financial "advisor" ? Na. The guy is just trying to sell you a product to get a cut.
Never understood that neither
Absolutely. The Dave Ramsey machine will say, "don't go into debt, blah blah," and then turn around and say that when you're ready, to use their realtors etc.
exactly. A smart friend from college will give you better advice than these grifters. 3.3M at age 33.
The difference right here. “I’ll talk to a tax specialist, not a financial advisor”. Ooo clever you
100%
The quiet millionaires I know personally have a few tells in common: New Balance sneakers, $9 golf shirts and shorts from Costco, eating out almost never (but when they do they pay for everyone), very nice houses (but the decor never changes it just the same timeless rich people decor for 30 years), homemade spreadsheets they use to track their wealth, and stay-at-home wives who handle their personal lives for them almost entirely.
You were good until the stay at home wives part. SMH!
@@zumapuma38 it’s the truth! I know several multimillionaires who are either relatives or family friends and they were ALL able to build their businesses/careers because they had a capable intelligent wife at home taking care of all personal and domestic matters for them.
I’m not saying all capable intelligent women should have to stay home or anything like that, but in my personal experience this has been the trend 🤷♀️ each of the men I am thinking about (5 of them) have been very lucky to have had the opportunity to put nearly 100% of their focus on making money because they have someone else to take care of everything else for them.
Bingo!
@@zumapuma38 One of the best decisions we ever made was for my wife to stay home.
My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
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.
Deborah Lynn Dilling is the licensed advisor I use.Just research the name. You'd find necessary details to work with 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.
That Boeing comment 💀. I also used to love Scotty McCreery when he was on Idol and discovered that song through him. This is my favorite Ramsey personality because he speaks to the millennial in me. Great references and topic
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.?
Melissa Jean Talingdan a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
For the younger ones, here is my “recipe:”
Joined the military. Retired 25 years later as an officer. Started investing in 1997 in the S&P 500. In 2008 read “The Millionaire Next Door.” Increased investing to at least 15% of my earnings. Bought a property and rented it out. Rent money went to my investment. Did not buy a new car. Went to work for the Federal government. Repeated investment rate to 15% to 20% of earnings. As you can see, nothing remarkable or with special tricks. It only took focus and perseverance. If you look at me out on the street you would see an older dude who’s in shape walking with a purpose. That’s it… Kids, if I made it, you can too. Good luck!
I show almost all these signs with less than 100k to my name. In my defense, I think its way harder to hit the mark than it used to be. Hope we get there someday.
Statistics say otherwise. it's easier now
How do you know what to invest in? How can you know if it is the going to be a profitable one
ANTHONY_esq Nice! You now how I can get one?
2 ways to grow $100K to $1M...time and invest in market!! 20-30 years in conservative investments.
Invest in the SP500. Over the next couple of years read books by Jack Bogle who is the founder of Vanguard. Tweak your portfolio based on his recommendations and your risk tolerance. Stay the course!
"Pay attention because it will pay you back!" Dad quote of the day
Im a digital ghost and i like it that way. I have Facebook but it has no pics except my dog for my profile picture. Ive been out the country many times. No one even knows im gone until they try to reach and cant because im on the beach in the DR. And thank god, im well off financially but you would never know because i only wear black/grey t-shirt and And1 shorts (florida) when i go out.
My Facebook isn't even me. I picked someone else's face out of Google images and only use FB when a website forces me to.
@@Avo7bProject 😂😂😂😂😂
9 and 10 is optional/incorrect. A lot want financial independence because they don’t like work and want to be free from the employer paycheck. Also millionaires know the value of the dollar so they don’t just give more for no reason. They know if they don’t keep track of spending (like any fortune 100 company) they can lose their wealth quick.
True... most people want financial independence because they want to QUIT working, not work more. Also, I used to give a larger percent to charity when I actually had less; now that I know how hard it is to gain wealth, especially with costs of everything rising, I've actually cut back significantly on charitable donations and am investing more.
Agreed - the next group up, multimillionaires, are more likely to “like” work.
@@M22Research yes multimillionaires (10mil+ mid career) will like work and that is probably not the general audience and they didn’t do 10 as they were building that wealth.
That Boeing comment could be deadly
So could Boeing
True 😅
Right. Let’s keep checking up on him we don’t want him to disappear too
This tipping culture nonsense needs to stop. A server does not deserve 35% of a bill (or even 20-25%) just for bringing out the food.
Yes! It’s crazy. All of the people I know personally who are millionaires are NOT tipping more that 15-20%. They are generous in other ways like buying lots of cookies from the Girl Scouts, or supporting the kid’ school fundraisers.
@@pnwflipper2089 Yes, I agree. I'm not a quiet millionaire, but I'm getting doing pretty well for myself. If service is outstanding, I will tip 20% to 25%. I don't tip unnecessarily (like at a Starbucks), but I will tip a standard 15% at a restaurant. Otherwise, my personal belief is that a person's reward for their good work is to bring them more work to do. So, I will patronize their business again (in the case of a restaurant, I find out the server's name and ask to sit in their section again), and I will bring other people to their business (not just refer them, but actually bring them). In this way, the business, or the individual, will know that they are doing a great job and will continue to do that great job. But, if the great job stops, it's not the tips that disappear, it's the work itself.
…unless the server is paid less per hour than minimum wage. And if I learned that they’re taking further education, I’d tip even more. And if I found out they’re a struggling single parent I’d tip even more.
I Agree. Tipping should not be a question of “does the server get paid or not.” Pay them fairly. Tips should be just a tip. Employers should pay their help fairly, not expect the customer to do it for them.
We have a bit more than $10M. We typically tip 15% at overpriced "fine dining" restaurants and 50% at IHOP. The waitress at IHOP is probably working at least as hard as the guy at the "fine dining'' establishment.
Whoever does your editing is amazing 😂 I crack up every time
YES, shout out to the video production artists. You rock!
Good video. I like the idea about being wealthy and not flaunting it.
george.. you crushed this. so funny and informative. great job.
I work in Aerospace. That Boeing joke was GOLD! 😂
2:27
The man who gave him wisdom was and is number 1 🤔😉
HOW TO ACQUIRE WEALTH
Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances.
FinanciaI growth was rapidly gained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, hereby making my goaIs a reaIity.
Whosoever tries this sureIy acquires wealth. Get to her..
Ohhh George, you sing awesome!!! “Bolts on Doors” … 😅
Here's a definite clue:
The temperature of their house(s) are always set at what they find comfortable.
one rule I try to live by, never impulse buy stuff that you don't plan on selling for more than you paid.
The generosity thing is weird, but it's true. You really don't become more poor by giving. In fact, money just comes in really unexpected ways.
When I become a millionaire, I'm going to start dressing like the characters in Monopoly, including a monocle.
Can someone please supply a link to the full George Kamel interview with Arthur Brooks? I cannot find it. Thanks.
It’s coming soon!! That was a tease. Probably my favorite interview on the channel thus far
@@GeorgeKamel Many thanks! I am looking forward to it.
Does laurel road have to have your bank account info? How do you send money ?
They’re an online bank. So they will need your checking info to transfer funds into their savings account
I totally agree with #10.
Me, too. No one has ever outdone God in charity.
Love this show! George is clever and smart… Needless to say, he’s very funny too!
I’m not necessarily sure about the digital ghost… I don’t have social media, but we do take vacations and my wife and kids post a lot of pictures. We still save roughly 20 - 25 percent. Surpassed the million mark in retirement accounts at 52. I don’t say that to be boastful, but to say you can still live, but don’t buy stuff you can’t afford.
I stumbled on this channel. I love the presentation. One small quibble is the sponsorship plug. I know you have to generate income and I applaud you for doing so. How it was done-embedded seamlessly in the presentation-was more than irritating. I don’t know how you could do it in a more effective way. For a video that I really enjoyed and made me hunger for more, how the promotion was handled makes me walk away. 😢
A quiet millionaire doesn’t need or want a financial advisor. Investing isn’t hard. Why pay those thieves a percentage of your portfolio.
I would love a video on how AI can help or hurt fixing your financial future!
Great, fun video.
And make sure the bolts are TIGHT ;)
Thank you for the good info...
Did George attempt a Josh Turner song? Well done sir
I think it's so crazy that everyone is harassing this man after his wife's death... which has been confirmed as by her own hand!! She is on video buying a gun... by herself.. she calls the police and tell's them she is going to do that to herself and where she can be found. And the husband has been verified to not be anywhere near her at the time of the incident. LEAVE THIS MAN ALONE. If he has done all the "supposed" things he is accused of, it will come out eventually and he will pay. Everyone insisting this his fault, tearing him apart completely when their relationship is no one's business. She chose to do that to herself... period. Even if he had an affair, so what? It stinks, but people do it all the time. Accusations of interactions of underage individuals, made by an angry ex-wife, but no charges brought against him? The public should quit talking about this. The family should deal with it among themselves .. but it isn't the public's business.
“quiet millionaires think work is fun.”
I’m one of those quiet millionaires who expects to receive my $1.6 million any minute. Living below our means allowed us to live with dignity even when my wife and I were first married.
I’ve been disappointed with some people we shared our assets with but, in the process,have found a few friends who are ready when you need them.
Wealth accumulation has never been a priority with me,I have just tried to stay prepared. Increasing wealth happens organically when you live below your means. I’ve never lived in a house with a mortgage,though we rented when we were in the military. I’m about to buy a house in my neighborhood with borrowed money,my first time,at 71 years of age. I don’t need it or income from rent,just trying to maintain the culture of my dead end street. I’m expecting to rent it but not under pressure to accept drama. I can afford to loose all my investment but don’t expect to.
No,I’m not a millionaire but I can live like the persons you refer to. It’s quiet confidence that comes with living below your means.
Real Gs move in silence, like lasagna.
I hear you Wayne.
wHat-
…is this a quote from the new Garfield movie?
Old guy here. My wife and I getting there. Pay off debt, especially mortgage. Live BELOW your means. Drive old Toyota cars, old enough to VOTE. Don’t take big vacations or eat out a lot. Max out 401k and IRAs. Save Save Save. You’ll enjoy the simple life later on.
Completely disagree about low interest debt... If you can do math, debt is a tool. A 2% mortgage, for example, should be paid off as slowly as possible because the cash you could have spent paying it off early does better invested whete it's yielding more than your interest rate. Hell, 2% is usually lower than inflation. That means the government is paying it off for you.
Do not pay cash when you could take a low interest loan unless you're the type to regularly miss payments.
8:10 "Charity does not decrease wealth, no one forgives another except that Allah increases his honor, and no one humbles himself for the sake of Allah except that Allah raises his status." Prophet Muhammad ﷺ 💚❤💚❤️💚❤️💚
Sahih Muslim 2588
Great vid, George! 🤫
First question to ask a person selling financial advise. How wealthy are you?
Bingo!
Your low-key Morgan Wallen hate is hilarious.
cash is king.... ohhh yeah 😎🥃
Earning, saving, investing seems so hard, but once you start doing it, it becomes boring. That's why many prefer get quick rich schemes, the most self disciplined ones succeed. It's all about patience.
Is started living frugal from 2012 (been in middle class trap), first years were tough, then portfolio started increasing like a snowball. I mainly do real estate for renting purposes.
Now my wife still doesn't believe we hit 1.2m mark in net worth this year (we are 44 and 40), without single penny in debt. Both of us still work (I hate my job, she loves it), but I'm quitting mine soon to focus on family business.
I only share my experience with those who ask and are in trouble.
Dress modestly, never care about clothes, gadgets, fancy cars.
nearly half of this 9 minute video is ads. Impressive content to ad ratio.
My wife and I have always paid a 10% tithe and we’ve always tipped more than 20%. And I believe that because of that we are financially secure. Someone once told me that what we receive in life is in direct proportion to what we give. We live a blessed life that allows us to bless others. Those with money are only stewards and what they do with it will determine the extent of their stewardship.
Clothes without any motif or brand name on it, why pay extra for ink when you don't have to.
Besides, brand names plastered on all the things are essentially advertisements - I don't like to advertise for people who aren't paying me to do so.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
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.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
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.
They like to work but also like to wear t-shirts and tennis shoes everywhere. Don’t need a flashy car, a big house, or flashy clothes to impress people they don’t know or don’t like
When you have money you don't tell anyone you have it!
6:32: disagree about the 0% interest thing. I carry no debt; that is, I hold no debt that requires servicing of interest. But I will use other people’s money if they are letting me do so for free! So if my washing machine breaks down tomorrow and someone is offering 0% financing on the replacement I’ve chosen, I will take it. I then schedule the payments to be complete one month before interest would kick in.
Broke people pay interest, wealthy people gain it, is so accurate!
I don’t use cash at all-credit card with cash back. Pay the credit card off so no interest and I get to invest the money I get from the cash back. I don’t have a spending plan. I control where I go and what I see, simply by not going to random places like malls.
What if I have concepts of a plan?
So, is my Term Life Insurance money included in my net worth? Just curious.
No
Well, too bad then. I guess I am on my way to being a networth millionaire then. Thanks for your verbose input! 😊
I would like to add that never ever buy something above 100 dollars without thinking about it for a few months, and it just to be sure that I need it and is not an emotional impulse.
#11. You have a stock tank for your kids' pool while all the other neighbors have their $100k in ground pool.
10 signs that this video screams: it's an AD !
I'm so glad you didn't say "drives an old car"
Time is the biggest asset that most people squander. You really only have 5 chances from age 25 to embark upon a low risk 30 year investment journey towards financial independence.After that, it's certainly possible but gets harder the longer you leave it
I agree, With the $2 million I got from selling a property, I began my investment journey in 2022, and now my portfolio just surpassed $9 million last week. I'm reinvesting the returns into stocks and high etfs to further enhance my financial growth. My advice is simple: if you can start your journey to financial freedom early, do it. The earlier you start, the more time you have to grow your investments and secure your future.
That’s great growth, are you an expert/Pro ?
@@AurucciLou No i am not, My expert is well known as - Dianne Sarah Olson. please do your own research for one who is suitable with your goals.
@@AurucciLou so i had guide which is where my advisor came in,, you could as well research on Dianne Sarah Olson and engage her.
Time is an investor’s best friend. Don’t squander it!
The quiet sponsor I am. If everything is valid and secure businesswise that was it. If it is not and they violate my privacy I am there to collect for breaching the law of privacy in their greed. Currently I am in a major 5+ yrs company breaching case…
Great video!
i will become millionaire soon, so i will keep these advice in my book...
The dog in pajamas with a sleep mask was something else -- majorly cute!
Please please go alot easier on the cutscenes 😂
Real millionaires don't respond to this video bragging they are millionaires.
My new quiet hobby is to report all of those spam comments of "miss Kelly Whatever saved my life and I made 20 million yesterday" and all of the fake replies of "that's impressive, who is is your advisor?"
I can spot them from the first line by now and I do it on every video of George and SMHH I watch 🤣
Mine too!
*Wow😁, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
That's awesome!!! I know nothing about investment and l'm keen on getting started. What are your strategies?
That's true. a lot of people today have been
having a ton of disappointments in forex and crypto trading in light of helpless direction and awful specialists
I've been trying to trade but I keep making losses and it's frustrating
Can you recommend a guide for me?
Victoria K Walker, she’s impressive
Number 11; have successful personal relationships.
Why stress over trading when Unimantic can do the work for you?
If I was a multimillionaire I would show it. Why have millions in the bank and drive a 1990 Toyota? It’s like saying you are a talented athlete, but want to stay quiet and not show it. I am 35 years old and net worth 4 million. I stopped being quiet about it once I reached 1 million. I drive my dream car that cost 45k and loving life. Tomorrow is not promised. Show off your hard work!
I've stopped trying to impress people and I just want to make my family and myself comfortable while we plan for future generations. I'm an amateur with a portfolio of 70k but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.
Any man who says I am king is no true king.
“Million dollar question” 😂 I enjoy the entrepreneurial q&a!
Please do give to charity, but... The whole "Give to charity and you'll be richer" thing is just not true. You need to have extra money to give money, so of course those who give also build wealth. It's correlation, not causation.
Is there also not some true justification behind it? They have a whole episode dedicated to explaining it.
@@bubblegodanimation4915 Nothing scientific... "Generous people attract wealth" is some "manifest money into your life" BS
@emoney1231 I thought the same with married men make way more money and married women only make 5% more. Show me some high R value low P value empirical data and I will believe you.
Anyone who tried to sign up for a lurel account.
How long did it take for yall to get a email back?
speaking of social media hucksters