The financial market is a potent vehicle for building immense wealth. Simply saving money yields modest annual gains, whereas investing can catapult your portfolio by a significant percentage each year. This distinction is vast. Personally, my net worth has soared by $800,000 since Q4 2019, a testament to the power of strategic investing.
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant and everything changed. In in the first quarter of this year i made $370k and counting.
Sophia Maurine Lanting” is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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.
3 things that helped me and literally changed my life 1. I stopped telling myself I'll do it tomorrow 2. I read books on Borlest (for money) 3. I had faith and religion
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
I’ve worked with Camilla Marie Fuller. What I like about her is that she doesn’t just give generic advice. She really takes the time to understand your situation and help you come up with a plan that makes sense for you
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
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 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 this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
Right, a lot of folks downplay the role of advisors until being burnt by their own emotions, no offense. I remember years back, amid covid-19 outbreak, I needed a good boost to help my business stay afloat, thus researched for licensed advisors, and thankfully came across someone of excellence. She's helped grow my reserve notwithstanding inflation, from $350k to nearly $1m as of today.
She goes by ''Jane Nina Pickett'' she's a renowned figure in the financial industry with over one decade of experience. I'd suggest you research her further on the web.
Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading.. I Traded with 10k in Crypto and made about $146k,but guess what? I put it all back and traded again and now I am rounding up close to a million.
In light of the ongoing global economic crisis, people must concentrate on diversifying their sources of income so they are not dependent on the government. Investigating choices like equities, gold, silver, and virtual currencies is part of this. Even if the economy is struggling, now is a good time to think about these investing opportunities.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
No offence intended, but many people downplay the importance of advisors until they are upset by their own feelings. I searched for certified advisors during the COVID-19 pandemic years ago since I needed a boost to keep my firm viable. Fortunately, I found someone of exceptional calibre. Despite inflation, she has contributed to the growth of my reserve, which now stands at around $1 million from $350,000.
I worked at an expensive boutique law firm with rich clientele as the senior associate. I always packed my lunch and snacks. I noticed that the non-lawyer, support staff ate out every day. They spent $25/day on door dash and Uber eats. THAT is a habit I noticed of the poor
I really like your videos about how to manage your life by structuring your money. Habits that are easy to realise for anybody that is willing to act and change something. And the part about how to go about investing in yourself, by not waiting to see how much is left over at the end of the month and instead determining what can be saved directly after the salary comes in, well, that is something I believe should be taught at school to teenagers already. If they understand that part, they would all get much further in life. I do follow most of the habits you listed already and I can only conform that they work. But I didn't have somebody like your channel at the beginning that taught me, several things I had to learn through time and by not being satisfied with the level I was at. Now that I have reached a level where I can claim to have reached wealth, it certainly makes life relaxed. For me, wealth means I don't have to worry about if I can afford something I need or want. I know I can. I am amazed how much valuable advice I have already seen in your videos. A big compliment on the continually high-quality contents.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Let me tell you what nobody is going to tell you. Building wealth has never been a one person’s job especially if you are just starting. One of the best choices you can make for your life at this point is to be able to get someone who believes in your growth and will be willing to help you grow. Big thanks to Larysa Caba. I will always be grateful for everything you did.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
9:59 "People pay interest when they borrow money to buy things that depreciate in value overtime (...) Not only are you losing money every year, but you're also paying interest on the money you borrow to get it. You're getting screwed from both ends."
Money. I’ll admit that I had some of these poor habits but I got around people who got the 💰, I had to rid myself of the poverty mindset cause I can’t attract what I criticize, so I read books on how to invest my money whether it’s small amounts to large amounts. I invest in the stock market, real estate investing and lending, invest in start up companies, trade options and plan on trading Forex and futures. I can afford an Apple IPhone but I rather invest $500-$1000 than buy an IPhone, it’s not making me money. I’m not going broke to prove to broke people I’m not broke.
@ My cousin gave me an Apple IPhone 6, it’s old but I’m putting it to work. I’m not having a phone if it doesn’t make me money. I made some investments since I got it.
MONEY: Of the ones not mentioned in the video, I'd offer taking out student loans for a class or degree not being used. I noticed when I was working, a few colleagues were taking MBA and CPA courses hoping to get a promotion or raise, and it didn't materialize. With student loan interest accruing in the background, they were deeper in debt. If you want to better yourself or achieve a goal, then take the classes. Do it for yourself. And IF you receive a promotion or a raise, then that is icing on the cake.
Meaning of life is simple. 1. Building Wealth 2. Your Health (Exercise) 3. Socialize (Enjoy life with love ones) If you really want to be ultra wealthy. Start a company preferably a tech company. Then take it public. Billionaire overnight.
MONEY. Thank You Alux for another outstanding Video. I would greatly appreciate it if you would make a video on job opportunities in Nursing. I have a Relative who thinks that Nursing will not give her the Income that she needs and wants. And she needs to learn about the different branches of Nursing and what are their Job Duties. My Relative thinks that Nursing will be nothing but dealing with excessive bodily fluids and that's a turn off if its an excessive amount.
I’m 22 I work as my first year working as an architect my monthly payroll 5295.29 spent around 900 or slightly more and save 4000 and more every month so every end of the year I make 50,000 Is that good or bad?
I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
00:06 Leveraging valuable skills and niche markets can lead to millionaire status. 02:20 Creative money-making strategies can lead to financial success despite rejection. 04:34 Leverage unique business models to create wealth effectively. 06:47 Understanding compound interest is crucial for financial growth. 08:57 Leverage franchises and personal branding for financial success. 11:07 Leveraging franchises and services can lead to wealth creation. 13:20 Wealthy individuals can be effective mentors for future millionaires. 15:31 Leveraging digital platforms can create significant income opportunities. 17:39 Innovative money-making strategies and the buy-flip-repeat model. 19:30 Encouragement for viewers to engage and celebrate milestones
Alux: That’s so true. I’ve spent so much time trying to convince others, but now I see that the real work starts with convincing myself and taking action. We come up with ideas worth sharing and discussing, but we often hold back and never fully put them into practice.
Own stock shares But depending on what jobs you have an pay rates you get the crap taxed out of you. Depending on what country and government you live under. EVEN if you live with a few specific ones and you never gave up citizen ship you live across seas you get double taxed, How Much You Make Yearly Is What Changes Things. Figured this out on my own making 70,000 one year got qualified for a higher retirement pay out rate from retirement funds on the IRS Site. Don't be dumb with money if you don't need it truly don't buy it if its not going do you any good don't buy it. Work for things don't wait for hand outs life wont work like that when you get hand outs things and favors are expected to be given back or paid back.
i LOVE ALUX... BUT THIS WOMAN IS INSANE!! statistically just working hard with certificaTIons deGrees etc AND INVESTING for 10-12 years DOES NOT GUARANTEE WEALTH!! . There are layoffs, and hypercompetition, high taxes, living off of your savings and having to move, health issues(flu, cOVID, etc, bad tooth) and helping out freinds and family that love you and look after you pay you back! >>> This effects 85% of the North American populace in 12 YEARS!!! LET ALONE 10 YEARS!!! DESTABILIZATION IN ECONOMY, HeALTH ISSUES, TAXES, AND IMMIGRANTS LOWER YOUR WEALTH BUILDING !!
Yep, exactly💯. It's better to be the smallest house in a rich neighborhood...than being the biggest house in the poorest neighborhood. 😅 If you know, then you know.
In light of the ongoing global economic challenges, it's more crucial than ever to focus on diversifying income streams without depending solely on government support. This means exploring investment options like stocks, gold, silver, and digital currencies. Despite the current economic uncertainty, now could be the ideal time to consider these alternative avenues for securing and growing wealth.
This video offers some truly eye-opening advice! It's amazing how much our mindset and small actions can shape our financial future. Which tip stood out the most to you? Let's start making those changes today!"
That one sentence about Jesus pushed me off the edge. No one criticize you for Budda, please respect our faith. We are learning life hacks not religious ones. I know very filthy rich Christians who are not pastors. They apply these life hacks, please show respect.
I know for the most part what i need to do to at the very least not be broke. Getting rich would be a dream, but just being comfortable would keep me pretty happy. Unfortunately self control cant be learned from the internet or saved up for 😂.
If you wanna learn how to buy Low Market Cap Crypto before they hit exchanges I’ll show you step by step with all the apps, websites and twitter accounts that you need to follow
renting is a good thing for people who are starting on but you can own your own home don't go for a 300,000 dollar house go for something that cheap and fix it up once you are making money sell your old home and buy a new one or rent it rening can make you a lot of money
This video is packed with invaluable advice that shifts your perspective on money habits. The insights on tracking expenses, avoiding debt, and investing in yourself are eye-opening
AI is now self aware. It's even able to put a disclaimer that it's not AI generated 🤯 I'm doing my best to make No 16 a reality. Design emoji once and sell to the masses while I sleep.
Point 5 says we shouldn't borrow or incur debt. I want to ask if its a good thing to use debt to build wealth through assets? Just asking cuz u've said this in previous videos
I don’t appreciate the anti Christian rhetoric in this channel. It’s easier for them to get through to people without that. It only serves to throw people off. I don’t know why they do it.
Hi Alux my name is Katagila I'm from Tanzania I'm poor very very poor but if I will improve my life someday your videos are the some of my sources that are going to help me get out of poorly
My opinion and experience about poor people They never read financial and self development books. They hate books They have a circle of dumb and same mindset as them Their finances follow their bills and responsibility
Wealthy men always have at least 2 hours of thinking where they are where they want to be and where they are going to analysing things is a first step in my view
The financial market is a potent vehicle for building immense wealth. Simply saving money yields modest annual gains, whereas investing can catapult your portfolio by a significant percentage each year. This distinction is vast. Personally, my net worth has soared by $800,000 since Q4 2019, a testament to the power of strategic investing.
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
You're right! I diversified my $400K portfolio across various markets with the help of my financial advisor, and I've been able to generate over $1.2 million in net profit from high dividend yield stocks, ETFs, and bonds during this downturn.
Please can you leave the info of your lnvestment advisor here? I’m in dire need for one
“Sonya Lee Mitchell” is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant and everything changed. In in the first quarter of this year i made $370k and counting.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.
Sophia Maurine Lanting” is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. 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.
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.
3 things that helped me and literally changed my life
1. I stopped telling myself I'll do it tomorrow
2. I read books on Borlest (for money)
3. I had faith and religion
What was the book on borlest?
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
I’ve worked with Camilla Marie Fuller. What I like about her is that she doesn’t just give generic advice. She really takes the time to understand your situation and help you come up with a plan that makes sense for you
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
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 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 this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
5:28 "If you can't buy it twice, you can't afford it"
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
Right, a lot of folks downplay the role of advisors until being burnt by their own emotions, no offense. I remember years back, amid covid-19 outbreak, I needed a good boost to help my business stay afloat, thus researched for licensed advisors, and thankfully came across someone of excellence. She's helped grow my reserve notwithstanding inflation, from $350k to nearly $1m as of today.
this is huge! your advsor must be grade A, mind sharing more info please? in dire need of proper asset allocation
She goes by ''Jane Nina Pickett'' she's a renowned figure in the financial industry with over one decade of experience. I'd suggest you research her further on the web.
I found her outstanding and excellent resume when I made a research of her full names online. I count it a gift that I went over this remark.
Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading.. I Traded with 10k in Crypto and made about $146k,but guess what? I put it all back and traded again and now I am rounding up close to a million.
Thank you John Zevr Crypto
How do y'all even make so much from crypto trading?
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor to whom you have used their services?
I will mention and recommend John Zevr crypto
I'm thrilled at the prospect of learning from a coach like John Zevr
Too bad this video isnt in spanish. Id show it to my broke ass family members that think living in the moment is the way to live.
Then translate it
@Omonike88 they don't believe anything I say haha they have to see it on TH-cam
Hit Setting button on top right corner. U see Caption ‘Off’, hit Auto-translate, choose Spanish
But do them a favor live by the sample hopefully they learn from you
My family I think is getting the message
Good luck
Choose the wrong wife or husband
In light of the ongoing global economic crisis, people must concentrate on diversifying their sources of income so they are not dependent on the government. Investigating choices like equities, gold, silver, and virtual currencies is part of this. Even if the economy is struggling, now is a good time to think about these investing opportunities.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
No offence intended, but many people downplay the importance of advisors until they are upset by their own feelings. I searched for certified advisors during the COVID-19 pandemic years ago since I needed a boost to keep my firm viable. Fortunately, I found someone of exceptional calibre. Despite inflation, she has contributed to the growth of my reserve, which now stands at around $1 million from $350,000.
this is huge! your advsor must be grade A, mind sharing more info please? in dire need of proper asset allocation
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.
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
Never heard of that book i do now thanking - you
I worked at an expensive boutique law firm with rich clientele as the senior associate. I always packed my lunch and snacks. I noticed that the non-lawyer, support staff ate out every day. They spent $25/day on door dash and Uber eats. THAT is a habit I noticed of the poor
I really like your videos about how to manage your life by structuring your money. Habits that are easy to realise for anybody that is willing to act and change something. And the part about how to go about investing in yourself, by not waiting to see how much is left over at the end of the month and instead determining what can be saved directly after the salary comes in, well, that is something I believe should be taught at school to teenagers already. If they understand that part, they would all get much further in life.
I do follow most of the habits you listed already and I can only conform that they work. But I didn't have somebody like your channel at the beginning that taught me, several things I had to learn through time and by not being satisfied with the level I was at. Now that I have reached a level where I can claim to have reached wealth, it certainly makes life relaxed.
For me, wealth means I don't have to worry about if I can afford something I need or want. I know I can.
I am amazed how much valuable advice I have already seen in your videos. A big compliment on the continually high-quality contents.
how they upload so many high quality videos too often
The answer is AI tools
@@satkela1the answer is they have a full team considering it’s a company
@@WilliamRamseyChannel You mean Company with full teams won't use AI tools?
Never mind that use the leverage of the videos like me ,-0 )) Make it a daily part of your routine like me !.
Pay of your house as soon as possible
How sway?
@@kingech_B15if u don't kno how than your droom
@@kingech_B15if u don't know how than your droomed
why? in general that loan is cheap. Use your money to buy another house and have someone else pay you for it. 'Rent'.
@@ChrisKeaton-Filmsexactly...
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Let me tell you what nobody is going to tell you. Building wealth has never been a one person’s job especially if you are just starting. One of the best choices you can make for your life at this point is to be able to get someone who believes in your growth and will be willing to help you grow. Big thanks to Larysa Caba. I will always be grateful for everything you did.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
I willl Ike to knw mre
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
9:59 "People pay interest when they borrow money to buy things that depreciate in value overtime (...) Not only are you losing money every year, but you're also paying interest on the money you borrow to get it. You're getting screwed from both ends."
Money. I’ll admit that I had some of these poor habits but I got around people who got the 💰, I had to rid myself of the poverty mindset cause I can’t attract what I criticize, so I read books on how to invest my money whether it’s small amounts to large amounts. I invest in the stock market, real estate investing and lending, invest in start up companies, trade options and plan on trading Forex and futures. I can afford an Apple IPhone but I rather invest $500-$1000 than buy an IPhone, it’s not making me money. I’m not going broke to prove to broke people I’m not broke.
but if you learn a skill you can make millions of a iPhone
@ My cousin gave me an Apple IPhone 6, it’s old but I’m putting it to work. I’m not having a phone if it doesn’t make me money. I made some investments since I got it.
MONEY: Of the ones not mentioned in the video, I'd offer taking out student loans for a class or degree not being used. I noticed when I was working, a few colleagues were taking MBA and CPA courses hoping to get a promotion or raise, and it didn't materialize. With student loan interest accruing in the background, they were deeper in debt. If you want to better yourself or achieve a goal, then take the classes. Do it for yourself. And IF you receive a promotion or a raise, then that is icing on the cake.
Meaning of life is simple.
1. Building Wealth
2. Your Health (Exercise)
3. Socialize (Enjoy life with love ones)
If you really want to be ultra wealthy. Start a company preferably a tech company. Then take it public. Billionaire overnight.
MONEY. Thank You Alux for another outstanding Video. I would greatly appreciate it if you would make a video on job opportunities in Nursing. I have a Relative who thinks that Nursing will not give her the Income that she needs and wants. And she needs to learn about the different branches of Nursing and what are their Job Duties. My Relative thinks that Nursing will be nothing but dealing with excessive bodily fluids and that's a turn off if its an excessive amount.
I’m 22 I work as my first year working as an architect my monthly payroll
5295.29 spent around 900 or slightly more and save 4000 and more every month so every end of the year I make 50,000
Is that good or bad?
In all honesty that sounds good you saving more then spending thats a good rule of thumb
@@jadenbanks7698 i’m trying to save it to invest in the stock market invest in energy like fuel and electricity
Got that right!
6:19 Too many want to procreate and cannot afford children ‼️‼️
Money,
Working your salary. You should always work above your salary can't expect increase before you increase your value.
I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to MandyFx 🙌
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
Best channel on TH-cam
00:06 Leveraging valuable skills and niche markets can lead to millionaire status.
02:20 Creative money-making strategies can lead to financial success despite rejection.
04:34 Leverage unique business models to create wealth effectively.
06:47 Understanding compound interest is crucial for financial growth.
08:57 Leverage franchises and personal branding for financial success.
11:07 Leveraging franchises and services can lead to wealth creation.
13:20 Wealthy individuals can be effective mentors for future millionaires.
15:31 Leveraging digital platforms can create significant income opportunities.
17:39 Innovative money-making strategies and the buy-flip-repeat model.
19:30 Encouragement for viewers to engage and celebrate milestones
narrator says that if you do not develop habit of watching 15 videos in alux channel daily then alux channel will be poor if not you
Alux: That’s so true. I’ve spent so much time trying to convince others, but now I see that the real work starts with convincing myself and taking action. We come up with ideas worth sharing and discussing, but we often hold back and never fully put them into practice.
16. Cocaine habit
there was a #16 on the video already🤣
Money thanks for wonderful video
Own stock shares But depending on what jobs you have an pay rates you get the crap taxed out of you. Depending on what country and government you live under. EVEN if you live with a few specific ones and you never gave up citizen ship you live across seas you get double taxed, How Much You Make Yearly Is What Changes Things. Figured this out on my own making 70,000 one year got qualified for a higher retirement pay out rate from retirement funds on the IRS Site. Don't be dumb with money if you don't need it truly don't buy it if its not going do you any good don't buy it. Work for things don't wait for hand outs life wont work like that when you get hand outs things and favors are expected to be given back or paid back.
i LOVE ALUX... BUT THIS WOMAN IS INSANE!! statistically just working hard with certificaTIons deGrees etc AND INVESTING for 10-12 years DOES NOT GUARANTEE WEALTH!! . There are layoffs, and hypercompetition, high taxes, living off of your savings and having to move, health issues(flu, cOVID, etc, bad tooth) and helping out freinds and family that love you and look after you pay you back! >>> This effects 85% of the North American populace in 12 YEARS!!! LET ALONE 10 YEARS!!! DESTABILIZATION IN ECONOMY, HeALTH ISSUES, TAXES, AND IMMIGRANTS LOWER YOUR WEALTH BUILDING !!
I don't need a nice house. I just want to live in a safe place
Yep, exactly💯. It's better to be the smallest house in a rich neighborhood...than being the biggest house in the poorest neighborhood. 😅 If you know, then you know.
"Jesus ain't coming down to pay your rent" - amen to that.
In light of the ongoing global economic challenges, it's more crucial than ever to focus on diversifying income streams without depending solely on government support. This means exploring investment options like stocks, gold, silver, and digital currencies. Despite the current economic uncertainty, now could be the ideal time to consider these alternative avenues for securing and growing wealth.
Another recycled content
This video offers some truly eye-opening advice! It's amazing how much our mindset and small actions can shape our financial future. Which tip stood out the most to you? Let's start making those changes today!"
That one sentence about Jesus pushed me off the edge. No one criticize you for Budda, please respect our faith. We are learning life hacks not religious ones. I know very filthy rich Christians who are not pastors. They apply these life hacks, please show respect.
I know for the most part what i need to do to at the very least not be broke. Getting rich would be a dream, but just being comfortable would keep me pretty happy. Unfortunately self control cant be learned from the internet or saved up for 😂.
If you wanna learn how to buy Low Market Cap Crypto before they hit exchanges I’ll show you step by step with all the apps, websites and twitter accounts that you need to follow
I want to become rich but I don't know how to get started 😅
Start with what u are good at
Read good books
Hi Alux do you have video about only gambling addiction? Plz make one.. thank you!!
Y’all need to start paying Jay z some royalties.
Maling money
16: living in a wealthy country, there’s a huge difference between growing up in a poor vs wealthy country.
renting is a good thing for people who are starting on but you can own your own home don't go for a 300,000 dollar house go for something that cheap and fix it up once you are making money sell your old home and buy a new one or rent it rening can make you a lot of money
First i needed this thanks cheers 🍻 for the info regards from stewy Hudson and Family Birmingham city England 🍻 🇬🇧 👍 😀 👏 🙌 🍻 🇬🇧 👍
This video is packed with invaluable advice that shifts your perspective on money habits. The insights on tracking expenses, avoiding debt, and investing in yourself are eye-opening
Ik know where all my money goes I do a budget every month and year
it's kinda crazy how nobody is talking about the book whispers of manifestation on borlest
AI is now self aware. It's even able to put a disclaimer that it's not AI generated 🤯
I'm doing my best to make No 16 a reality. Design emoji once and sell to the masses while I sleep.
Damn I guess no more binge watching anime lol
❤
Point 5 says we shouldn't borrow or incur debt. I want to ask if its a good thing to use debt to build wealth through assets? Just asking cuz u've said this in previous videos
If you think you can afford it
You cannot.
-MJ DeMarco
I don’t appreciate the anti Christian rhetoric in this channel. It’s easier for them to get through to people without that. It only serves to throw people off. I don’t know why they do it.
why have kid? 😂😂😂😂😂 you are encouraging to finish this world
Hi Alux my name is Katagila I'm from Tanzania I'm poor very very poor but if I will improve my life someday your videos are the some of my sources that are going to help me get out of poorly
Awesome great job ❤❤❤
Newest subscriber ❤❤❤🎉🎉
Money, money, money-money.
Your first piece of advice is pretty awful.
My opinion and experience about poor people
They never read financial and self development books.
They hate books
They have a circle of dumb and same mindset as them
Their finances follow their bills and responsibility
On pay day too 😅
I hang out with broke people so I am always reminded what not to do 😂
Where is Nairobi
Moneyh
MONEY..💪🏻🌹💪🏻🌹💪🏻🌹💪🏻🌹💪🏻🌹
Just caught it. The ALUX woman is Southern
She's Canadian bro
All men, drop a like to check total no. Of strength
Can I ask is someone rich on this comment so I can confirm if it's real?
M O N E Y ! 🤑
"money"
Though I listened to the same Alux video like this 3 years ago.
Thanks for bringing it back.
Thank you for mentioning Nairobi 🇰🇪
This channel has helped a lot since the day I saw it on my recommended list👍
Money ! Big eye opener! Thank you
This many me
Wealthy men always have at least 2 hours of thinking where they are where they want to be and where they are going to analysing things is a first step in my view
I love The Millionaire Fastlane references here
Alux how can we avoid market competition
No one is talking about how beautiful her voice is
WESELF: The main habit, not being a creature that has "machine" in its biology...
Sorry that government problem we vote but they not do anything
Money!
You don't have rich parents
💰 🤑 💸 money
❤
😢 money 🤑💰
asd
Well I'm In Poor Ppl Section, Trying Chase Dollar 😢
I'm in Nairobi, I have just finished listening to this masterpiece
your voice is why i keep coming back
I'm 54. Found out savings acct pay interest from Alux this week. Value of this information not shown.
Alux is a useful channel I do love it, but why not return to the video, instead of this cartoon like you’re using?
Nairobi 😍😍 I am from Nairobi, has been an Aluxer for the last 2 years.
Money
the bonus tip $$$$$ money
Buy once, cry once.
Money!!!