The trick is to not allow for lifestyle creep. Normally most people end up buying more things and expensive stuff the more money they earn. If you keep to a modest lifestyle, limit your outgoings and resist the temptation to buy luxuries and flashy things you end up saving a ton of money longterm.
This is exactly it - after housing, the 2nd biggest expense is usually a car. Unfortunately, some people feel the need to be seen driving a "nice" car and going on holidays 5 times a year. Absolutely fine if you've got disposable income, but in reality most don't. It's mental to me someone on an average salary would spend £300-400/month on car, and usually it's a unreliable piece of crap that'll depreciate like no tomorrow. If you get made redundant and you've not got much of a cushion, you are bloody forked
@@ZachGH1 cars especially. I still drive a 18 year old car. It’s ULEZ compliant, never broken down, no rust and annual service/insurance is cheap. I have the funds to buy a nice brand new one in cash but since I use public transport most of the week I can’t justify replacing it considering it has zero faults and fits my needs.
@@ZachGH1Even one holiday a year is too much. You have to be prepared to go 5 and if you're really serious 10 years without a holiday. While doing that, completely clear down your debt and live well within your means. If people did that, they would be shocked by how much disposable income they have to invest and how much their lives completely turn around in that period of time.
Exactly. But many (I would say most) people don't have the mindset or discipline and as soon as they have a bit of money saved, feel the irresistible urge to spend it on stuff.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
i agree... even without having proper knowledge on investing, managed to make about a million in less than 2 years and all I was doing in reality was just getting financial advice
My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
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.
'Lucinda Margaret Crist 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.
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.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.
Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.
@@KarenDuncan-o5s I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@BettinaBischof How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@HopesKruses MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
Biggest lesson i learnt in 2024 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen-Niemann” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
i agree... even without having proper knowledge on investing, managed to make about a million in less than 2 years and all I was doing in reality was just getting financial advice
My CFA ’Melissa Jean Talingdan’ , 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.
It’s a simple and really important concept and worth emphasizing again and again. It’s what I’m encouraging my kids to do in their 20s, because if they get on the right foot at their age and pay themselves first through regular investing, then they will be sitting pretty in their fifties.
Amazing content! I've been following your videos for some time now, consistently kicking down Wall Street doors for two years. I have over $320k in stocks and dividends. Currently, my portfolio is down by 15%. Wondering if there are any short-term opportunities I can invest in.
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
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.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Tesla stock dipped severally , resulting to about 23% drop in the shares value this month. I seriously need suggestions on how to diversify my $400k portfolio made up of volatile TSLA.
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.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
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.
Svetlana Sarkisian Chowdhury 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..
As a person and professional you couldn't get any better than vivian jean wilhelm is a very reliable person and an excellent professional in the IT field. She is the type of person you want to work that's passionate, hardworking and knowledgeable. You’re The Best 100%
I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@Camila.Gomes1 How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@Camila.Gomes1 She lost a lot of poeple a lot of money. Best to avoid her at all costs. There are good consultants out there but you wont find them in TH-cam comments.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Sadly, the agenda of public schooling has little to do with developing critical thinkers. I squirelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.
With that type of capital you should invest it in yourself and hire a professional to have a consultation with. Not commenting on a TH-cam channel and listening to random people replying to you.
It’s always a good time to invest in a balanced equity portfolio assuming your time horizon is long, or better infinite. If you consider a historical look back at the US S&P 500 from the beginning you see an exponential growth curve that show, other brief periods, the market has never been overvalued for an extended period of time. A balanced equity portfolio, properly invested, will both grow over time and generate cash through dividend income paid out. This is the ultimate long therm hedge against inflation. This is my opinion based on my success in investing for the last 40 years. I am able to live comfortably from dividends while not touching the portfolio principal allowing it to continue to grow. It is not widely known that dividend income from many solid companies increase at a faster rate than inflation.
I currently have around $250,000 in cash savings and I was advised to invest it in stocks. What long-term strategies should I use for investments to secure my financial future?
there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usuallv carried out by investment experts or advisors with experience since the 08' crash
The issue is most people have the "I want to do it myself mentality" but not equipped hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.
*Marissa Lynn Babula* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say, Marissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE’ 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.
Compounding effect? Was that when she mentioned saving X and getting 8%? What pays 8% guaranteed? When you said it, the first thing that came to mind is reinvesting dividends. If I sound cornfused, it’s because I am!
Can't deny the fact that Abel Dorsey is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
@@goriparthivamsikrishnayada8480 depends on your risk appetite, but your own business is probably going to give you the biggest return but your pension is probably the most risk adverse.
Congratulations, Abel Dorsey I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.
Ive just gotta say, Ive tuned into your channel on and off, and the growth you have experienced since starting your channel is absolutely incredible. With only 88 videos, and over 1M subs in 2 yrs, wow...massive congrats to you. Every video / short is packed with high quality value. Hope you have celebrated many times over. 🎉
@@thesockdoctorr She's good but if I remember correctly her earlier videos were peppered with comments about her beauty. A lot of her content is recycled and can be found on other less attractive channels, yet here I am.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
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.
Svetlana Sarkisian Chowdhury 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..
Good one sis! As a middle-class woman trying to get her finances together, I’ve always been an advocate of investing in stocks because it has paid off handsomely since I decided to get into it.
My colleagues had a good laugh at me when I told them I started my journey with $10k capital and how I accumulated over 5 figures within a span of 7 months. They never believed me until I pulled out my P&L. I know that learning the ins and outs of the market isn't for everyone, that's why personally, Jonas Herman oversees my investments.
@@Miawilmore Do not forget that when it comes to the stock market, prices can be erratic, rising and declining quickly, often in relation to companies' policies, which individual investors do not influence.
The efficiency of this Abel Dorsey is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work jack!!
The thing that I don't understand is, where do you actually get 10% of interest. Here in Luxembourg the saving accounts only give you 2,5%. Once you have 100000 Euros in your account, that intrest rade drops down very low.
@@williambaker427 I understand, but this way you're putting your hard earned money at risk ... It's okay to invest a 100 or 200 Euros per month, but to invest 500 or more, is a risk that I'm not willing to take.
@@FE59FE59You have to have a long term mindset with investing. There's always risk in the short term but over a lengthy period you'll average around 10% from the stock market.
@@FE59FE59all investments carry risk. Depends on your risk tolerance. Index funds are lower risk and historically performed well. Keeping your money in a bank is crazy - with inflation alone you’re loosing purchasing power. Sounds like you need to do a bit more research.
@@FE59FE59 That is your perogative. Please understand that this TH-cam video is aimed at compounding of money which is invested as opposed to placed in a deposit account with a bank. Cash deposits will also compound but at a lower rate.
Finance influencer's love to make this video because of the Charlie Monger quote around doing everything you can save that first 100k. 100k is a completely arbitrary number. The rules of compounding work exactly the same on 1000 dollars, 100 thousand, 1 million or 100 million dollars. If all you can afford to save is 10 dollars a month it'll take you the same amount of time to get to 1000 dollars than if you can afford to save 1000 dollars a month to get to 100k. Compounding works and it is a thing. The 100k is a nice target to aim for, for most people as it is a lot of cash compared to how much most people earn but if you earn way more or way less it is an irrelevant number.
I broadly agree with you, although what a person earns is not the issue but what you can save and for how long. £100,000 is attainable for anyone who works in the UK.
@@phillipwright3130 where you live Phil it may well be... I grew up in Devon, worked in London, and now live in Spain... 100k means very different things in those three places, and the ways in which you might make 100k is fundamentally different in those three places.... You're not wrong as it happens, but the number 100k is utterly irrelevant, and I'd go far as to say a bit stupid.... 100k in Tokyo ain't much of anything.
I completely agree, The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $3.2M nest egg, thanks to the careful supervision of my CFA. 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.
What their not saying here is even if an investment made that %, taxes keep going up, and if you need access to it, it will get taxed. However, if you warehouse your capital in a dividend paying whole life policy from a mutual company, it never stops compounding even if you borrow against it. Hope that helps.
The S&P 500 (via a low cost index fund) over long periods of time average out to 10% per year (dividends increase that percentage), as long as you can let it compound without withdrawing amounts which is a taxable event.
@cryptogoth that's why dividend paying whole life should be the cornerstone. You have access to capital and the money never stops compounding even when you use the cash value.
@Thewealthwarehousepodcast This is correct from what I've been told. Although if you do decide to withdraw its best to make a large purchase such as a house then you can basically right off a big portion of this.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
You are so correct. This is why you should never underestimate any expert in any field. There's this knowledge you get from experience that you can't just read in books.
The past year has made me appreciate professionals even more. I used to think I was good at chess until I became friends with a pro. Used to think I was good at investing my money until I started using an F.A and my net-worth almost doubled in a year. I can go on and on. They are pros for a reason
For the last eight years or so the annual increase in my networth is more than most people will accumulate in their lives. But it started exactly as you described a long time ago and just kept going. It's stunning to watch. Your point about adding amount that seem trivial when you are young is absolutely underappreciated because that is what pushes you into wild acceleration territory. Getting there sooner is a big deal.
Nice, but the (literally) million $ question when you have a good chunk of money to invest is where to put it to get consistent +8 or +10% annual returns. If you are fully invested in equities and you are unlucky, the market crashes and then the amount of money you can lose is also exponentially higher the more money you have, and you can quickly see your wealth disappear. Personally I am trying to diversify my investments as much as possible now; I would be happy with a consistent +5% or +6% annual return.
Yeah this is true, a lot of the examples (while completely fair) don't account for the fact that the scale of the loss also goes up proportionally if the stock market crashes. Rish/reward.
Low cost broad based index funds. VTSAX (ETF equivalent is VTI) or VFIAX (ETF equivalent is VOO). Please read books 'The Little Book of Common Sense Investing' and 'The Simple Path to Wealth'. You are welcome. :)
Why wouldn't you hedge your investments with futures or short the market when it inevitably pulls back? You don't diversify to grow wealth, you diversify to protect wealth. You seek alpha to grow wealth.
I think it would be helpful to include a) examples of the tax payable on these calculations; b) examples of where one can earn 8%+ interest in major markets; c) risk assessment of 8%+ investments.
it is not that easy to consistently get 10% return. If I could get 7% guaranteed I would take every penny I have in stock market and take the 7%. If you have 3 million that would be 210K interest per year. That is significantly more than I spend or need.
They all talk about compound Interest. Who gives you compound interest? It all depends on the performance of the investments you have. It can be zero as well.
Einstein also cheated on his wife, with his 1st cousin, and had a baby with that cousin and when the baby turned out mentally handicapped and disabled he left both his wife and child. Soooooooooo
@@mdmartin1211 compound interest works. Einstein is not for cooking, fashion and relationship advice...but physics and compound interest is worth listening to.
@@Craig121000 Money makes money. Go to Cheshire, Durham, Jesmond in Newcastle, Richmond or Harrogate in Yorkshire and ask the rich if they believe in compound interest. They all do.
The first 100k seems to be so hard for some because you're basically still setting up a foundation for your portfolio to stand on and then the latter comes easier since now you're familiar with diversity ,where to place your funds. I made my first million from going diverse, mainly blue chip stocks. high value etfs, S&P500 and coins ..with the help of my F.A Anna Rounds Fay handling my portfolio it's been a year of steady growth.
Smart, I must commend you because etfs will keep making you solid profits through compounding while the other stocks pays monthly although advantageous you must've started big
Nice, you're a good guy for taking your time to properly explain this, i reached out to your FA also through her web and her responses were articulated. I'm more confident working with her now
So hard to get to £100000 with UK median wage or below and renting. I am trying everything at the minute to get extra income. So tough out there but it can be done! We got this!
I think living with family as in parents and partner under one roof like certain cultures ie the Asian culture means you have little outgoings as its shared, living with family and more money to use on investments and when you or someone benefits then everyone benefits.
@@2ru2pacFan thats not really an option for me. I am from Ireland so family is not in the UK. Plus I am 31 don't really want to move back in with my parents haha
Everybody saying that the 100k are hard, and then it is relatively "easy", but that statement is completely meaningless unless you can invest safely the entire 100k in a deal that can guarantee you at least 10% a year... Compounding is the key, but the problem is that nothing can safely guarantee you such a return...
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 and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million
You made some excellent points to make people understand the difference between investing in the beginning versus after you have a bigger base of money
Sound advice, I wish I could implement it. The tricky part is earning enough through your day job. There are too many people chasing too few well-paid opportunities. Most people don't even earn enough to get to the end of the month let alone save. There are certain must-dos that also make it difficult to save - birthdays, christmas, meeting friends. If you don't partake in these you can lose out on social contact which impacts your mental health.
This is a great video I really appreciate the dedication in each video you post, I learn a lot watching your videos and it has always been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to Abel Dorsey for improving my portfolio. keep up with the good videos.
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!
“The first $100,000 is a bi***, but you gotta do it.”“I don't care what you have to do - if it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000,”Charlie Munger
I am actually walking and taking buses everyday, and I have 6 figure salary. Saving to me is way easier than spending. Whenever I see overpriced things, I instantly feel the rich CEO behind door laughing at sukers buying the product and I lost all interest in it.
its a percentage gain! If for example, you can compound 10% every year, starting at 10k, then your annual compound is 1k, but at 1M that same 10% compounded is giving you 100k....
What was not mentioned is once you break certain net worth and income levels you are more likely to own property/securities which grow partly from inflation & cantillion effect of fiat currency losing value. Plus the wealthy pay less interest, bank/brokerage fees, not charged for/receive some products/services for free, have access to banking/investment services/products which others do not.
I suggest you seek a financial guidance someone who can help you carry out your trades perfectly to avoid loss because the losses in this game could make one depressed
It's more crucial than ever to have a firm grasp on money management, and navigating economic downturns in these unpredictable times. My main worry is how to increase my $640k reserve,I understand the long-term strategy, but my savings are being eaten up by inflation, and my portfolio is losing value every day. I need to find a solution.
You must establish your own procedure, control risk, and adhere to the plan through thick and thin while also financial advisors have a lot more knowledge and expertise in this area and getting better because nobody knows anything.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Melissa Terri Swayne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 💯💯🙏was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $170,500 every months, God bless Tracy Britt Cool..
Tracy has helped me manage my Investments for the past 10 months now and to be honest, it feels good to be working with a good oriented person like her.
As somone who has coached, and did the work to become this myself, this is 100% spot on. Real estate is one of the best ways to accomplish this. Now to be honest, you need to hustle to build the first amount. Get to 25k as fast as possible. Work like no other so you can live like no other
*i was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $190K per year but nothing to show for it yet*
I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Thank you for the lead, searched Michelle by her full name and at once spotted her consulting page, she seems highly professional having over 12 years of experience. amazing!
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
My investments have now reached £100.000 what should i do next? The only thing i worry about is the Financial Conduct Authority only guarantee £85000 should there be a problem.
Investments - or savings in the bank? I believe 85K which FCA guarantee applicable to banks, not to your investment account. Your investments - your risk.
I love your channel Nischa, I found this video to be a bit misleading. Compounding only works on products which gain value from interest (e.g. savings accounts at banks). Interest on these products is rather low so most of us opt for investing into e.g. mutual funds. Compounding doesn't work on investments to mutual funds unless dividends are paid and those dividends re-invested to buy more shares. Some investment plans may do this automatically, but many don't. It would be great if you could mention this in an upcoming video or masterclass.
this is exactly my concern, this works for your generation but 600k in 30 years for me as 25 year old girl considering current inflation on major assets like houses is nothing. I wanna cry even thinking to it, work hard and after 30 years to get get paid only 600k?? I am sure it will be just enough to pay down payment for mortgage. :(
l must admit my generation thought we had it tough regards buying property and getting on the housing ladder compared to our parents, but your generation as got it even tougher. This is great advice from Nisha but totally understand your situation, just saving to get a deposit for a property takes some doing now. Good luck and I wish you all the best for the future.
Indeed. Charlie Munger told us “The first $100,000 is a bi***, but you gotta do it." He's obviously one of the wealthiest people in the world. Interesting advice, thanks for sharing.
I reached it just a month ago when you reach 100k, you’ll realise that your first $1m is a bigger bi***, but still gotta do it to secure your retirement. The journey doesn’t end at 100k, it’s just the beginning.
Just found the channel. Love the video. I don't disagree with trying to make more money, it definitely helps, but I've found the biggest factor is what you are able to save, followed by saving it as early as possible. Get to that 100k as soon as you can. And the best way to save more money, is to have partner(s) in saving. The usual scenario is having a spouse who shares all the bills and is as dedicated to saving as you are. Seen plans where they've saved one entire salary, in addition to 401k matches from work on both salaries, in addition to taking turns uber driving in the evenings and saving all the money earned from that too. I've also seen stories of 4 or 5 buddies, banning together to cut cost. Sharing housing, cars, computers, etc.. The basic plan is to sacrifice really big, scrounging every penny for 5 years or so and then ease up some, but stay diligent until financially independent. Some people are able to save 60% of their salary or more for those 5 years, pushing them past the 100k mark in the first couple of years. I've been saying for years now, if they taught FIRE (Financial Independence Retire Early) in high school, I'd have been independent decades earlier.
rather than a number, 100 represents now you know what you are doing. having the game figured out is the most important thing, once it is obtained, easy sailing.
What they DON'T tell you is that to actually make a real difference to your amount, you need more like 250-300k for the percentages to make any sense AND massive leverage 65-100% LVR) to actually be able to get there to a million, within any realistic timeframe of "your 35-45 year working life". 10 percent a year on saved capital invested is a road to nowhere, especially given interest rates as they are (acting like gravity on assets) and persistently high inflation.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.
The math doesn’t add up!! Because based on annual investment of $12k plus 8% of return every year, it would take about 27 years to reach $1 million dollars or $1,048,209.22 (as shown from the video). You can do this in Excel lol and not clear what happened between year 14 and year 20, it doesn’t explain the grow starting from $290k to $1 mil within 6 years lol
😭😭 these examples always use high interest returns. But they never share what's that thing that earns 8% interest 😭😭😭 and instead they make it a masterclass.
Yeah these people are never transparent. A fund on Fidelity called FXAIX and a fund in Vanguard called VOO both track the S&P 500. That’s a good place to start looking.
One thing that always confuses me is when I hear people making examples with "8% yearly return", "10% yearly return", etc., as if it was a certainty to get certain returns. I sincerely wonder what kind of investments they talk about.
This is long term. It is typically (though not always) over the course of 30 years that these sorts of videos and advice work with. Extend it out to 40, and you can use the same math to show how someone who starts saving from their first job can retire with over a million banked. Per Nerd Wallet, the average rate of return for the stock market for the last 30 years is 9.67%. Of course there is year-to-year fluctuation. The point for wealth growth with this strategy is to play the *long* game.
Adding the importance of taking advantage of employee benefit plans like 401Ks and the like. If your company matches even just 2% of your contribution (usually up to some amount), that's a free +2% on that contribution for doing nothing other than participating.
@@jeffcanar7294 Excellent points, thank you. I live in Europe, so while we don't have exactly 401Ks, we have similar things. It is also true that not all 30 years spans are equal: I remember seeing posts on LinkedIn of people showing that depending on which 30 years you were invested into (e.g., 1950 - 1980 or 1965 - 1995) could make a huge difference on the average return. And also, that even across such long time span, being in or out in a dozen of particularly lucky or unlucky days could do a gigantic difference, especially regarding your cash-out year (imagine if your 30 years time span was 1978 - 2008). The main point for me is that too often, across financial videos, people mention access to fantastic yearly rate of returns like 10% as if it was a walk in the park.
I had £300k in Jan 2020 and recently passed £1m. In the last couple of years I’ve been growing net worth by around £100k every 6 months, largely thanks to investment growth.
Loved every second of my watch to the very end. You are a great teacher. I’m 56 and own a small business with $450K in savings. But I'd still love to grow my investments ahead of retirement. Do you mentor others? Really need some guidance to financial freedom.
Thats when you hire someone to manage your money. You need a financial-advis0r straight up! Even while $380k might seem like much, one bad decision might seriously deplete it.
Agreed, this is why i now work with one. I’ve been investing by myself in the market for 11 years now, but the last 6 years is with the help of a financial planner. Throughout the 6 years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1.4m roi as of today.
thank you for the modest appearance and the straight forward information. it made this video easy to watch and look over at only sometimes in the background as i take notes over here
I am from Miami United State🇺🇸, The difference Mrs Lucy Mary Liam makes in my life is second to none it's definitely a life changing kindness. I really appreciate her effort in my life.
I’m favoured, $27k every week! I can now give back to the locals in my community and also support God’s work and the church. God bless Mrs Lucy Mary Liam also God bless America.
Nice theory, but where do I get 8% interest rates? Invest in a S&P 500 index fund and you ll get abbout 1.2 - 1.4%, then u need to consider the TER of 0.07% (for example the Vanguard ETF) and then you also got custody fees in your bank so at the end you are lucky if you have 1% (taxes not even considered yet). I also ready in comments here, "Van S&P500 earns you 10% annualy", no thats simply not true. It may go up in value as you descirbed as "scale of capital" but that doesnt make you "rich" what WOULD make you rich is compound interest where you receive "REAL" money not capital gains and with this REAL money you can buy more stocks or ETFs. But with a IR of roughly 1% witth a S&P500 ETF its nearly impossible today to get rich by ETFs only.
The trick is to not allow for lifestyle creep. Normally most people end up buying more things and expensive stuff the more money they earn. If you keep to a modest lifestyle, limit your outgoings and resist the temptation to buy luxuries and flashy things you end up saving a ton of money longterm.
This is exactly it - after housing, the 2nd biggest expense is usually a car. Unfortunately, some people feel the need to be seen driving a "nice" car and going on holidays 5 times a year. Absolutely fine if you've got disposable income, but in reality most don't. It's mental to me someone on an average salary would spend £300-400/month on car, and usually it's a unreliable piece of crap that'll depreciate like no tomorrow. If you get made redundant and you've not got much of a cushion, you are bloody forked
+++++++
@@ZachGH1 cars especially. I still drive a 18 year old car. It’s ULEZ compliant, never broken down, no rust and annual service/insurance is cheap. I have the funds to buy a nice brand new one in cash but since I use public transport most of the week I can’t justify replacing it considering it has zero faults and fits my needs.
@@ZachGH1Even one holiday a year is too much. You have to be prepared to go 5 and if you're really serious 10 years without a holiday. While doing that, completely clear down your debt and live well within your means. If people did that, they would be shocked by how much disposable income they have to invest and how much their lives completely turn around in that period of time.
Exactly. But many (I would say most) people don't have the mindset or discipline and as soon as they have a bit of money saved, feel the irresistible urge to spend it on stuff.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
i agree... even without having proper knowledge on investing, managed to make about a million in less than 2 years and all I was doing in reality was just getting financial advice
who does it for you...i need to get with the program more detaîls pls
I'd say a little due diligence "Rachel Sarah Parrish" truly exceptional!
just found her online.. thanks for tip.. sending her a mail
My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
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.
Please who is this consultant ?
'Lucinda Margaret Crist 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 Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
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.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Her name is. 'Lucinda Margaret Crist’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.
Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.
This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now
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.
Luck
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
The strategies are quite rigorous for the regular. They are mostly successfully carried out by pros who have had a great deal of skills/knowledge to pull such trades off.
@@KarenDuncan-o5s I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past seven years, she has helped me find stocks that have performed 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
@@BettinaBischof How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@@HopesKruses MARGARET MOLLI ALVEY is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and is a valuable resource for individuals seeking guidance in navigating the financial market.
@@BettinaBischof Thank you for this amazing tip. I just looked the name up and wrote her explaining my financial market goals.
Biggest lesson i learnt in 2024 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what’s about to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Julianne Iwersen-Niemann” 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.
Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Her name is “Annette Christine Conte” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
If I had $360k I would invest $100k in tech & $260k into dividend stock with a proven track record to grow with capital appreciation & dividend increase year over year
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
i agree... even without having proper knowledge on investing, managed to make about a million in less than 2 years and all I was doing in reality was just getting financial advice
who does it for you...i need to get with the program more detaîls pls
My CFA ’Melissa Jean Talingdan’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you.
why are all TH-camrs making this same video with the same title
yes! came to the comments to find this
i assume it's what people are searching for, so the algo has picked it up.
Because everyone needs money
It’s a simple and really important concept and worth emphasizing again and again. It’s what I’m encouraging my kids to do in their 20s, because if they get on the right foot at their age and pay themselves first through regular investing, then they will be sitting pretty in their fifties.
Gravy train
Amazing content! I've been following your videos for some time now, consistently kicking down Wall Street doors for two years. I have over $320k in stocks and dividends. Currently, my portfolio is down by 15%. Wondering if there are any short-term opportunities I can invest in.
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
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.
Could you kindly elaborate on the advisor's background and qualifications?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Tesla stock dipped severally , resulting to about 23% drop in the shares value this month. I seriously need suggestions on how to diversify my $400k portfolio made up of volatile TSLA.
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.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
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.
Svetlana Sarkisian Chowdhury 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..
Just buy Reits.. you'll get growth and dividends
As a person and professional you couldn't get any better than vivian jean wilhelm is a very reliable person and an excellent professional in the IT field. She is the type of person you want to work that's passionate, hardworking and knowledgeable. You’re The Best 100%
anyone who has a job is a professional
@@chrischoir3594 its a bot
Poo poo. Peepee fart.
LOL
I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@Camila.Gomes1
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@Camila.Gomes1 She lost a lot of poeple a lot of money. Best to avoid her at all costs. There are good consultants out there but you wont find them in TH-cam comments.
Neither wait til 2026 stay cash positive. Beeners principles.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Sadly, the agenda of public schooling has little to do with developing critical thinkers. I squirelled away cash for a rainy day, but with inflation pouring down, it feels more like a leaky bucket. Saving for retirement seems impossible if my money keeps losing value faster than I can earn it.
With that type of capital you should invest it in yourself and hire a professional to have a consultation with. Not commenting on a TH-cam channel and listening to random people replying to you.
@tomaszcz_kscamer
It’s always a good time to invest in a balanced equity portfolio assuming your time horizon is long, or better infinite. If you consider a historical look back at the US S&P 500 from the beginning you see an exponential growth curve that show, other brief periods, the market has never been overvalued for an extended period of time. A balanced equity portfolio, properly invested, will both grow over time and generate cash through dividend income paid out. This is the ultimate long therm hedge against inflation. This is my opinion based on my success in investing for the last 40 years. I am able to live comfortably from dividends while not touching the portfolio principal allowing it to continue to grow. It is not widely known that dividend income from many solid companies increase at a faster rate than inflation.
I currently have around $250,000 in cash savings and I was advised to invest it in stocks. What long-term strategies should I use for investments to secure my financial future?
there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usuallv carried out by investment experts or advisors with experience since the 08' crash
The issue is most people have the "I want to do it myself mentality" but not equipped hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.
That's impressive ! I could really use the expertise of your mentor . Who is this person?
*Marissa Lynn Babula* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say, Marissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Compounding effect is the best. it took me 8 years to grow my retirement fund from $0 to $100k, yet only 4 years from $100k to $200k.
Don't forget about inflation. Prices might have tripled over those 12 years.
Compounding effect? Was that when she mentioned saving X and getting 8%? What pays 8% guaranteed? When you said it, the first thing that came to mind is reinvesting dividends. If I sound cornfused, it’s because I am!
Apologies in advance if some bots appear here providing bogus advisors 😂
It took me 14 years to reach my first 100k, but now 2 years later I’m at 168k.
@@iati6294 You might want to count in ounces of gold. Then increase won't be that high.
Can't deny the fact that Abel Dorsey is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
bot
Getting your first 100k is hard work. But this is doable by having a good side hustle and business. Worked for me 🙏🏻
Or just having a well paying job and being frugal.
The quickest way to get their is through generating more income. Saving will take forever
Getting your first $100k is easy, but keeping or exceeding is hard.
I ended up saving 100k already but not sure where to start investing.
@@goriparthivamsikrishnayada8480 depends on your risk appetite, but your own business is probably going to give you the biggest return but your pension is probably the most risk adverse.
Congratulations, Abel Dorsey I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.
Ive just gotta say, Ive tuned into your channel on and off, and the growth you have experienced since starting your channel is absolutely incredible. With only 88 videos, and over 1M subs in 2 yrs, wow...massive congrats to you. Every video / short is packed with high quality value. Hope you have celebrated many times over. 🎉
Being a woman and hot helps exponentially haha
@@thesockdoctorr She's good but if I remember correctly her earlier videos were peppered with comments about her beauty. A lot of her content is recycled and can be found on other less attractive channels, yet here I am.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
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.
Svetlana Sarkisian Chowdhury 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..
Never put all your eggs in one basket.
Basically, stay humble and stack sats 💪
Well said bro
Yes. It's much easier to save when using the hardest currency ever devised.
Stack S&P500 :)
This!
yep. just buy the dip
It's amazing what you do Abel Dorsey We need a lot of people with your skills and set who have good intentions and spread lo
Good one sis! As a middle-class woman trying to get her finances together, I’ve always been an advocate of investing in stocks because it has paid off handsomely since I decided to get into it.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
A friend of mine warned me of the dangers of investing in the market. How true is this Mia?
My colleagues had a good laugh at me when I told them I started my journey with $10k capital and how I accumulated over 5 figures within a span of 7 months. They never believed me until I pulled out my P&L.
I know that learning the ins and outs of the market isn't for everyone, that's why personally, Jonas Herman oversees my investments.
@@Miawilmore
Do not forget that when it comes to the stock market, prices can be erratic, rising and declining quickly, often in relation to companies' policies, which individual investors do not influence.
Reported for spam.
Great video, Nischa. Could you do a video in the future that specifies what to invest in with your first 100k? It would be a massive help. Thanks.
The efficiency of this Abel Dorsey is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work jack!!
what?
@@professormeow3399 ditto!
@@professormeow3399 its a bot
Bots. Bots everywhere
The thing that I don't understand is, where do you actually get 10% of interest. Here in Luxembourg the saving accounts only give you 2,5%. Once you have 100000 Euros in your account, that intrest rade drops down very low.
By investing in shares, mutual funds or exchange traded funds. Not by bank deposits as per your suggestion.
@@williambaker427 I understand, but this way you're putting your hard earned money at risk ... It's okay to invest a 100 or 200 Euros per month, but to invest 500 or more, is a risk that I'm not willing to take.
@@FE59FE59You have to have a long term mindset with investing. There's always risk in the short term but over a lengthy period you'll average around 10% from the stock market.
@@FE59FE59all investments carry risk. Depends on your risk tolerance. Index funds are lower risk and historically performed well. Keeping your money in a bank is crazy - with inflation alone you’re loosing purchasing power. Sounds like you need to do a bit more research.
@@FE59FE59 That is your perogative. Please understand that this TH-cam video is aimed at compounding of money which is invested as opposed to placed in a deposit account with a bank. Cash deposits will also compound but at a lower rate.
Finance influencer's love to make this video because of the Charlie Monger quote around doing everything you can save that first 100k.
100k is a completely arbitrary number. The rules of compounding work exactly the same on 1000 dollars, 100 thousand, 1 million or 100 million dollars. If all you can afford to save is 10 dollars a month it'll take you the same amount of time to get to 1000 dollars than if you can afford to save 1000 dollars a month to get to 100k. Compounding works and it is a thing. The 100k is a nice target to aim for, for most people as it is a lot of cash compared to how much most people earn but if you earn way more or way less it is an irrelevant number.
This!
100000.00 ,daunting but doable . Just save about 10% if you can ;more is good and then enjoy the rest. You never know what life will throw at you.😊
I broadly agree with you, although what a person earns is not the issue but what you can save and for how long. £100,000 is attainable for anyone who works in the UK.
@@phillipwright3130 where you live Phil it may well be... I grew up in Devon, worked in London, and now live in Spain... 100k means very different things in those three places, and the ways in which you might make 100k is fundamentally different in those three places.... You're not wrong as it happens, but the number 100k is utterly irrelevant, and I'd go far as to say a bit stupid.... 100k in Tokyo ain't much of anything.
This
I love how you speak, clear voice, intelligent, concise, organised and packed with no filler. Thanks for the great digestible content!
I completely agree, The first $100k was the toughest, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 55 and have a decent $3.2M
nest egg, thanks to the careful supervision of my CFA.
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.
read the parable of Jesus and the barn owner friend
I started at 27 now I'm 47. I am not far behind from you in terms of nest egg.
She's kinda right....except where are you going to earn 8-10% interest over the years.
What their not saying here is even if an investment made that %, taxes keep going up, and if you need access to it, it will get taxed. However, if you warehouse your capital in a dividend paying whole life policy from a mutual company, it never stops compounding even if you borrow against it. Hope that helps.
The S&P 500 (via a low cost index fund) over long periods of time average out to 10% per year (dividends increase that percentage), as long as you can let it compound without withdrawing amounts which is a taxable event.
@cryptogoth that's why dividend paying whole life should be the cornerstone. You have access to capital and the money never stops compounding even when you use the cash value.
In ETF's, you can
@Thewealthwarehousepodcast This is correct from what I've been told. Although if you do decide to withdraw its best to make a large purchase such as a house then you can basically right off a big portion of this.
This is why it’s so important to start investing today!
100%
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
Because they are no longer guessing what works, they now know!
You are so correct. This is why you should never underestimate any expert in any field. There's this knowledge you get from experience that you can't just read in books.
The past year has made me appreciate professionals even more. I used to think I was good at chess until I became friends with a pro. Used to think I was good at investing my money until I started using an F.A and my net-worth almost doubled in a year. I can go on and on. They are pros for a reason
@@hildredscali1754 I met this pretty lady at a seminar a while ago. Small world right
hildredscali1754 I met this pretty lady at a seminar a while ago. Small world right😂
For the last eight years or so the annual increase in my networth is more than most people will accumulate in their lives. But it started exactly as you described a long time ago and just kept going. It's stunning to watch.
Your point about adding amount that seem trivial when you are young is absolutely underappreciated because that is what pushes you into wild acceleration territory. Getting there sooner is a big deal.
Nice, but the (literally) million $ question when you have a good chunk of money to invest is where to put it to get consistent +8 or +10% annual returns. If you are fully invested in equities and you are unlucky, the market crashes and then the amount of money you can lose is also exponentially higher the more money you have, and you can quickly see your wealth disappear. Personally I am trying to diversify my investments as much as possible now; I would be happy with a consistent +5% or +6% annual return.
Yeah this is true, a lot of the examples (while completely fair) don't account for the fact that the scale of the loss also goes up proportionally if the stock market crashes. Rish/reward.
Check out mortgage notes. 8% to 12% consistent returns without the volatility of the stock market.
Low cost broad based index funds. VTSAX (ETF equivalent is VTI) or VFIAX (ETF equivalent is VOO). Please read books 'The Little Book of Common Sense Investing' and 'The Simple Path to Wealth'. You are welcome. :)
Why wouldn't you hedge your investments with futures or short the market when it inevitably pulls back? You don't diversify to grow wealth, you diversify to protect wealth. You seek alpha to grow wealth.
S&P 500 & NASDAQ index funds - just buy and hold
I think it would be helpful to include a) examples of the tax payable on these calculations; b) examples of where one can earn 8%+ interest in major markets; c) risk assessment of 8%+ investments.
it is not that easy to consistently get 10% return. If I could get 7% guaranteed I would take every penny I have in stock market and take the 7%. If you have 3 million that would be 210K interest per year. That is significantly more than I spend or need.
Love the breakdown of the the 1st, 2nd and 3rd 100K earnings on the graph - made it so easy to understand !
They all talk about compound Interest. Who gives you compound interest? It all depends on the performance of the investments you have. It can be zero as well.
One of the best videos on TH-cam about investing! Keep killing it, wish I had seen this when I was 18 years old.
it's really not one of the best
Einstein and Nischa believe in compound interest. We need to listen and follow. Thank you.
Add Warren Buffett
Einstein also cheated on his wife, with his 1st cousin, and had a baby with that cousin and when the baby turned out mentally handicapped and disabled he left both his wife and child. Soooooooooo
@@mdmartin1211 compound interest works. Einstein is not for cooking, fashion and relationship advice...but physics and compound interest is worth listening to.
@@mustafamar1437 Exponential growth cannot continue forever on a finite planet. Eventually, the Ponzi scheme of the world economy will collapse.
@@Craig121000 Money makes money. Go to Cheshire, Durham, Jesmond in Newcastle, Richmond or Harrogate in Yorkshire and ask the rich if they believe in compound interest. They all do.
The first 100k seems to be so hard for some because you're basically still setting up a foundation for your portfolio to stand on and then the latter comes easier since now you're familiar with diversity ,where to place your funds. I made my first million from going diverse, mainly blue chip stocks. high value etfs, S&P500 and coins ..with the help of my F.A Anna Rounds Fay handling my portfolio it's been a year of steady growth.
Smart, I must commend you because etfs will keep making you solid profits through compounding while the other stocks pays monthly although advantageous you must've started big
Nice, you're a good guy for taking your time to properly explain this, i reached out to your FA also through her web and her responses were articulated. I'm more confident working with her now
invest in stable stocks, my rule: if you previously liked the stock, then you should love it at a discounted price.
You almost had me bot 😂😂
@@michaelburton Yeah. Be wise.
So hard to get to £100000 with UK median wage or below and renting. I am trying everything at the minute to get extra income. So tough out there but it can be done! We got this!
I think living with family as in parents and partner under one roof like certain cultures ie the Asian culture means you have little outgoings as its shared, living with family and more money to use on investments and when you or someone benefits then everyone benefits.
Leave the UK to Canada or the US, you’ll nearly double your salary within a few years.
What income sources do you have?
@@AustinRose32 selling some digital products and buying and selling products online. Overtime in my job.
@@2ru2pacFan thats not really an option for me. I am from Ireland so family is not in the UK. Plus I am 31 don't really want to move back in with my parents haha
Everybody saying that the 100k are hard, and then it is relatively "easy", but that statement is completely meaningless unless you can invest safely the entire 100k in a deal that can guarantee you at least 10% a year... Compounding is the key, but the problem is that nothing can safely guarantee you such a return...
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 and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million
I finally saved 100k and now would like to do stocks but I've never done them or know much about them.
You made some excellent points to make people understand the difference between investing in the beginning versus after you have a bigger base of money
Always so concise, thank you Nisha!
Pleasure!
Sound advice, I wish I could implement it. The tricky part is earning enough through your day job. There are too many people chasing too few well-paid opportunities. Most people don't even earn enough to get to the end of the month let alone save. There are certain must-dos that also make it difficult to save - birthdays, christmas, meeting friends. If you don't partake in these you can lose out on social contact which impacts your mental health.
Sacrifices must be made to get to where you want in life.
This is a great video I really appreciate the dedication in each video you post, I learn a lot watching your videos and it has always been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to Abel Dorsey for improving my portfolio. keep up with the good videos.
One lesson I've learned from millionaires is to always put your money to work, no matter how small. Even investing $100 per month can compound to tremendous wealth over decades. The key is to keep going!
“The first $100,000 is a bi***, but you gotta do it.”“I don't care what you have to do - if it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000,”Charlie Munger
is it still 100k though in this day and age? Munger mentioned this key number decades ago.
@@musemellow more like 500k now days
I am actually walking and taking buses everyday, and I have 6 figure salary. Saving to me is way easier than spending. Whenever I see overpriced things, I instantly feel the rich CEO behind door laughing at sukers buying the product and I lost all interest in it.
@@musemellow not like 500k these days, 6 figures is still 6 figures . Still a bitch to do it , but I'm on the way
@@wesolowskimattIt doesn’t matter if it is the year 2550. Compounding interest still skyrockets at 100k.
its a percentage gain! If for example, you can compound 10% every year, starting at 10k, then your annual compound is 1k, but at 1M that same 10% compounded is giving you 100k....
What was not mentioned is once you break certain net worth and income levels you are more likely to own property/securities which grow partly from inflation & cantillion effect of fiat currency losing value. Plus the wealthy pay less interest, bank/brokerage fees, not charged for/receive some products/services for free, have access to banking/investment services/products which others do not.
I suggest you seek a financial guidance someone who can help you carry out your trades perfectly to avoid loss because the losses in this game could make one depressed
It's more crucial than ever to have a firm grasp on money management, and navigating economic downturns in these unpredictable times. My main worry is how to increase my $640k reserve,I understand the long-term strategy, but my savings are being eaten up by inflation, and my portfolio is losing value every day. I need to find a solution.
You must establish your own procedure, control risk, and adhere to the plan through thick and thin while also financial advisors have a lot more knowledge and expertise in this area and getting better because nobody knows anything.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
Melissa Terri Swayne has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Where gets you 10% after tax?
Nowhere. Maybe S&P Index lol
In the uk where she’s from we have £20k tax free per year
@@livwake im from the uk and dont know anywhere that gets you 10% after tax
maybe s&s isa but it isnt fixed
Percentage of gain is the same .
I just did my plan for retirement if I work up to 97 i can easily retire lavishly for one month.
We all need a Nische in our life! So grateful for having someone to broaden my knowledge on finances! Hugs and greetings from Germany
:))
Bro, i think 4ra’s new ads show their commitment to quality. love seeing their dedication.
If you’re not in the financial market space right now, you are making a huge mistake, I understand that it could be due to ignorance
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 💯💯🙏was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $170,500 every months, God bless Tracy Britt Cool..
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
Thanks to my co-worker (Alex) who suggested Ms Tracy Britt Cool Finance
She's a licensed broker in the states
Tracy has helped me manage my Investments for the past 10 months now and to be honest, it feels good to be working with a good oriented person like her.
As somone who has coached, and did the work to become this myself, this is 100% spot on. Real estate is one of the best ways to accomplish this. Now to be honest, you need to hustle to build the first amount. Get to 25k as fast as possible. Work like no other so you can live like no other
Recently crossed that 100k personal savings threshold. Hopefully, i can see this compounding explosion in wealth. Thanks for making this video.
congrats!
congrads sir, you've done it. Peace.
keep us posted, because I think these YT people talk shit. we need actually people with 100k to let us know if it's true.
*i was able to think about my situation and I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $190K per year but nothing to show for it yet*
I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .
i'd advise you redistribute assets in your portfolio with the help of a pro so you don't get burnt in the market
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Please who is this consultant ?
Thank you for the lead, searched Michelle by her full name and at once spotted her consulting page, she seems highly professional having over 12 years of experience. amazing!
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
I don’t understand how it’s compounded interest on non dividend company at most it’s just simple interest on all the money you invested
My investments have now reached £100.000 what should i do next? The only thing i worry about is the Financial Conduct Authority only guarantee £85000 should there be a problem.
Investments - or savings in the bank? I believe 85K which FCA guarantee applicable to banks, not to your investment account. Your investments - your risk.
I love your channel Nischa, I found this video to be a bit misleading. Compounding only works on products which gain value from interest (e.g. savings accounts at banks). Interest on these products is rather low so most of us opt for investing into e.g. mutual funds. Compounding doesn't work on investments to mutual funds unless dividends are paid and those dividends re-invested to buy more shares. Some investment plans may do this automatically, but many don't. It would be great if you could mention this in an upcoming video or masterclass.
This is exactly how l was able to retire at 53, great advice for everyone.
this is exactly my concern, this works for your generation but 600k in 30 years for me as 25 year old girl considering current inflation on major assets like houses is nothing. I wanna cry even thinking to it, work hard and after 30 years to get get paid only 600k?? I am sure it will be just enough to pay down payment for mortgage. :(
l must admit my generation thought we had it tough regards buying property and getting on the housing ladder compared to our parents, but your generation as got it even tougher. This is great advice from Nisha but totally understand your situation, just saving to get a deposit for a property takes some doing now. Good luck and I wish you all the best for the future.
so sorry l spelt Nischa wrong lol
I wish I could retire in my 50s,but that doesn't look possible, even with my savings rate, and a house is out of the question at the moment.
@@farnazhassani8264stop aiming for 10% YOY return and aim for 100%
Investment banking can be quite lucrative if you know what you're doing, but it also comes with its fair share of risks.
Indeed. Charlie Munger told us “The first $100,000 is a bi***, but you gotta do it." He's obviously one of the wealthiest people in the world. Interesting advice, thanks for sharing.
That's £80000
I reached it just a month ago
when you reach 100k, you’ll realise that your first $1m is a bigger bi***, but still gotta do it to secure your retirement.
The journey doesn’t end at 100k, it’s just the beginning.
Just found the channel. Love the video. I don't disagree with trying to make more money, it definitely helps, but I've found the biggest factor is what you are able to save, followed by saving it as early as possible. Get to that 100k as soon as you can. And the best way to save more money, is to have partner(s) in saving. The usual scenario is having a spouse who shares all the bills and is as dedicated to saving as you are. Seen plans where they've saved one entire salary, in addition to 401k matches from work on both salaries, in addition to taking turns uber driving in the evenings and saving all the money earned from that too. I've also seen stories of 4 or 5 buddies, banning together to cut cost. Sharing housing, cars, computers, etc.. The basic plan is to sacrifice really big, scrounging every penny for 5 years or so and then ease up some, but stay diligent until financially independent. Some people are able to save 60% of their salary or more for those 5 years, pushing them past the 100k mark in the first couple of years.
I've been saying for years now, if they taught FIRE (Financial Independence Retire Early) in high school, I'd have been independent decades earlier.
Limit your expectation and expenditure then your base will keep compounding
Just to say from an economist background myself, you are truely amazing in your ideologies. Keep up the great work you do.
Great video Nischa, I would love to know where you are getting 10% on your savings?
This should be required learning in Middle and High School. Simple, practical, realistic salary examples, that could help real people in a real way.
How can i be able to invest with out encountering any form of loses
As a beginner, it's essential for you to have a guardian to keep you accountable. I'm guided by Evelyn Elaina Nala
In dollars it maybe 100k, but in INR it's the first 10 lakh rupees (1 million INR) is the hardest to earn after which it will skyrocket easily.
Thank you for explaining compound interest in an easy way to understand. The graph with the arrows were a great visual for me. ❤️
rather than a number, 100 represents now you know what you are doing. having the game figured out is the most important thing, once it is obtained, easy sailing.
problem is inflation will counter that
She's spitting. I've watched alot of videos on this topic but she just clarified everything so neatly. Thanks for the advice. I'll def take it
What they DON'T tell you is that to actually make a real difference to your amount, you need more like 250-300k for the percentages to make any sense AND massive leverage 65-100% LVR) to actually be able to get there to a million, within any realistic timeframe of "your 35-45 year working life".
10 percent a year on saved capital invested is a road to nowhere, especially given interest rates as they are (acting like gravity on assets) and persistently high inflation.
Growing belief in Revux vision with every bit of information learned.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.
The math doesn’t add up!! Because based on annual investment of $12k plus 8% of return every year, it would take about 27 years to reach $1 million dollars or $1,048,209.22 (as shown from the video). You can do this in Excel lol and not clear what happened between year 14 and year 20, it doesn’t explain the grow starting from $290k to $1 mil within 6 years lol
😭😭 these examples always use high interest returns. But they never share what's that thing that earns 8% interest 😭😭😭 and instead they make it a masterclass.
It's a best case scenario. Just use a calculator and set it at 5% interest
ETFs such as the S&P 500 historically average about 8-10%
Yeah these people are never transparent. A fund on Fidelity called FXAIX and a fund in Vanguard called VOO both track the S&P 500. That’s a good place to start looking.
Finch's strategies on 4ra are spot on, bro. Betting on cricket just got a lot smarter!
You have to do a beauty/skincare/haircare routine one day. Your beauty is mesmerising! Love your videos too.
Can you please talk about what are good investment vehicles? Is it a stocks and shares ISA? is it index funds? there are so many out there!
One thing that always confuses me is when I hear people making examples with "8% yearly return", "10% yearly return", etc., as if it was a certainty to get certain returns. I sincerely wonder what kind of investments they talk about.
Exactly this
This is long term. It is typically (though not always) over the course of 30 years that these sorts of videos and advice work with. Extend it out to 40, and you can use the same math to show how someone who starts saving from their first job can retire with over a million banked. Per Nerd Wallet, the average rate of return for the stock market for the last 30 years is 9.67%. Of course there is year-to-year fluctuation. The point for wealth growth with this strategy is to play the *long* game.
Adding the importance of taking advantage of employee benefit plans like 401Ks and the like. If your company matches even just 2% of your contribution (usually up to some amount), that's a free +2% on that contribution for doing nothing other than participating.
Yeah it’s like the S&P500. One year it might go down and another up by double. But over the long term it works out 7-8% ish I’ve heard
@@jeffcanar7294 Excellent points, thank you. I live in Europe, so while we don't have exactly 401Ks, we have similar things. It is also true that not all 30 years spans are equal: I remember seeing posts on LinkedIn of people showing that depending on which 30 years you were invested into (e.g., 1950 - 1980 or 1965 - 1995) could make a huge difference on the average return.
And also, that even across such long time span, being in or out in a dozen of particularly lucky or unlucky days could do a gigantic difference, especially regarding your cash-out year (imagine if your 30 years time span was 1978 - 2008).
The main point for me is that too often, across financial videos, people mention access to fantastic yearly rate of returns like 10% as if it was a walk in the park.
I had £300k in Jan 2020 and recently passed £1m. In the last couple of years I’ve been growing net worth by around £100k every 6 months, largely thanks to investment growth.
Loved every second of my watch to the very end. You are a great teacher. I’m 56 and own a small business with $450K in savings. But I'd still love to grow my investments ahead of retirement. Do you mentor others? Really need some guidance to financial freedom.
Thats when you hire someone to manage your money. You need a financial-advis0r straight up! Even while $380k might seem like much, one bad decision might seriously deplete it.
Agreed, this is why i now work with one. I’ve been investing by myself in the market for 11 years now, but the last 6 years is with the help of a financial planner. Throughout the 6 years of guidance alone, I've been fortunate enough to 10x my return as a DIY investor, summing up nearly $1.4m roi as of today.
Please who guides you on the process of it all?
Good video explaining the theory but where do you get 8 or 10% return on investment per year?
She makes it so easy to understand. Great videos once again.
thank you for the modest appearance and the straight forward information. it made this video easy to watch and look over at only sometimes in the background as i take notes over here
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Nice theory, but where do I get 8% interest rates? Invest in a S&P 500 index fund and you ll get abbout 1.2 - 1.4%, then u need to consider the TER of 0.07% (for example the Vanguard ETF) and then you also got custody fees in your bank so at the end you are lucky if you have 1% (taxes not even considered yet). I also ready in comments here, "Van S&P500 earns you 10% annualy", no thats simply not true. It may go up in value as you descirbed as "scale of capital" but that doesnt make you "rich" what WOULD make you rich is compound interest where you receive "REAL" money not capital gains and with this REAL money you can buy more stocks or ETFs. But with a IR of roughly 1% witth a S&P500 ETF its nearly impossible today to get rich by ETFs only.