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This is the best app out there. Back in the day when I started I did my due diligence and decided to choose T212. It's not the only platform that I use but it is my favourite and it gets better and better, new features are added permanently
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Gertrude Margaret Quinto 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.
These days, it seems strange. The value of the US dollar is declining due to inflation, but it is increasing when compared to other currencies and commodities like gold and real estate. Because they think it's safer, people are moving to the dollar. I'm concerned that my retirement funds may lose value due to the growing cost of living.
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.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life.
I am a senior citizen and I believe that no one can become rich overnight, it takes years of smart work not hard work, time management and the right investments. Every year you don't invest you simply fall a year behind and I say this from experience.
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.
I’m currently working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 30% NVDA, 25% SCHD and over 40% in digital and alternative assets, thanks to my CFA. This strategy has helped me earn 56,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
True, 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 license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far
My CFA, Sophie Lynn Carrabus is 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.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
Sonya lee Mitchell 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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sonya Lee Mitchell’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
You see what he just did there? Smooth talking about building wealth which a lot of people are interested in. Talked about selling results and gave the example of getting a percentage off of how many people he brings in. Then a bit later he talks about an investment app for you to start investing your money and even gives a discount code. He’s basically making money while giving bits of advice. Nothing wrong with it at all. If you listen to rich people talk you can pretty much see little nuances and formulate your own path. They’re not going to tell you how to get rich…..you have to see it.
You could either work in a restaurant (most restaurants provide free staff meals) or work as a bus driver(most bus companies provide free transport to bus depot to start work). Or best of both worlds; work in a restaurant that is very near your place of residence(walkable distance of 5-10 minutes walk)
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
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.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
SO glad you released this video in particular Blcktken300. I was accumulating AR and then saw your video last year saying that you see Blcktken300 may hit 300-400 and then you changed your view. Great and very informative!!! Thanks
I started watching you in middle school, a month ago I started investing into the s&p 500. My portfolio is only a little over $100, but it’s a start. Plus I can’t even legally get a job, so I’m doing decent.
Remember, investing money in your skills is also investing. It will ultimately lead you to making more money, which you will then use to buy stocks anyway. This is important especially when you are young because, as you still cannot legally be employed, you want to start accumulating work experience in a highly paid industry as soon as you are of age. Being 27 years old with 5 years of experience in (for example) programming is something you cannot buy once you are 27. My advice to you is to invest in books, courses, mentoring or higher education for a specific skill. The stock market will be there for you when the time is right.
I’d say they are equally important. There is a certain salary you need to make to live comfortably and invest at the same time. It’s a lot easier to retire on a 500k salary even if you blew half your money vs a 100k salary where you only spent 10%
Enjoyed his communication style, but I wish he addressed the aspect of being in debt too. Mentioning how to manage finances when dealing with debt would have added valuable insights.
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
Retire to a central America country. Your money will last double or triple. A home in El Salvador is like $35,000 four bedrooms,two Barth room. With $1000 a month you live a royalty life.
There's a book called Success Secrets Of The Elite, it talks about how using some secret techniques you can attract a lot of money, it's not some bullshit, it's the real deal. Great video btw
I take an employer match and everything else goes into a couple different etfs that are a little more heavily in different sectors. I have a slow start because housing was my first goal. I don’t really need to be a millionaire. My goal has always been to keep the monthly expenses low so that I have more excess money.
Inheritance is not the only way in which a rich family can help their younger ones. There is influence and reputation as well. Actually those things may well be worth more than actual assets, since they open so many doors that are otherwise closed to the majority of the population.
00:00 🤔 Understanding millionaire statistics: Only 31% of millionaires earned an average of $100k/year, with 79% receiving no inheritance. 00:57 💰 Leveraging income and expenses: Controlling income and expenses is crucial for creating positive cash flow, regardless of salary. 01:53 💡 Importance of starting early: Starting young with positive cash flow allows for significant wealth accumulation over time. 02:23 💳 Managing expenses: Tracking expenses and eliminating unnecessary costs, especially high-interest debt, is essential for financial stability. 03:50 💼 Leveraging income: Focus on increasing income by leveraging skills and opportunities to maximize earning potential. 04:19 📊 Income split strategy: Allocating income wisely, with 50% on needs, 30% on wants, and 20% on investments, is crucial for wealth building. 06:15 🚀 Starting a side hustle: Creating additional income streams accelerates wealth accumulation and investment opportunities. 08:41 💵 Importance of investing: Investing, particularly in index funds, is key for long-term wealth growth and financial security.
The first point is extremely misleading. Inheritance =/= financial support, the vast majority of them receive quite substantial amounts, of that. Also all of those other points are exclusively useful if you have disposable income. Most people have to spend 80+% on needs rather than wants. Getting new skills is great advice though.
I might forget about this channel in a few days or weeks but I'm glad I found this channel at the young age I am now, not even out of school yet, not even close. Because I might remember these tips.
Keep watching and watch successful people and what they do. You will be so much better off pretty quickly. When you are middle-age and all your friends are struggling, you can be comfortable.
A cousin of mine made a TH-cam channel when he was young, it wasn’t successful but then he restarted a few months ago, and the skills he learned from that one channel grew his channel to around 60k rn, id also like to say he is already fairly successful, (civil engineer with a full time job with good reputation) but that channel has made him good money
I became a millionaire in my early 40s but I still enjoy watching your videos; thank you so much for spreading correct and beneficial financial concepts with well-produced videos with fun-to-watch gadgets!!
Congratulations on becoming a millionaire! I’m a 17 year old kid right now, and I’d really appreciate it if you could answer some of my questions. What is your average salary per year? Did you go to college/do you think college is worth it?(I currently have a 4.0 GPA(all A’s) and want to become a dental hygienist. Did you invest(if so, what did you invest in)? How much do you invest per year? I guess moral of my questions are, how did you become a millionaire?
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
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.
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
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'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
It's important to remember, a million pounds will be worth very little by the time most of the viewers are elderly. It will probably only last a few years.
Each and every one of your videos is so relatable. You presentation style makes me watch all the way to the end. Please take over the Martin Lewis show. You are so much more natural.
it is important to mention that being a millionainre doesn't mean you are crazy rich. Just having a house, some terrain, some cash in the bank and that's enough for you to be registred as a millionaire
Another tip, start a corporation (a legal document). You can use them to not get taxed on gains (10% tax) until after you spend money then your taxed on the money left
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Stacy Lynn Staples 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 the lead. I just searched Stacy Lynn Staples by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my $285k portfolio comprising of plummeting stocks that were recommended by certain financial TH-camrs, quite devastating!
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.
Lucinda Margaret Crist is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Mark is absolutely right. 50 30 20 rule is optimal for workers, put your money in every month be sure to spend money on your wants keep the balance right.
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-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.
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
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Yeah, I've been telling this to people for YEARS, and also why I strongly argue that the WORST START TO LIFE you can have is by accumulating debt, which in the America you have to do in order to get a credit rating. What you should be doing instead is teaching people to save up, follow a budget, and activate 50% of the money they set aside on an annual basis.
I’m proud to say I knew all 4. Whew. I’ve been studying this topic for a while now because I recently realized that I have a lens for looking at money and finances that I learned from my parents and the world has changed so much and I needed to change my perspective in order for it to make sense in today’s world. A word of caution for anyone reading your comments: before you start freelancing make sure that your day job doesn’t have a policy that prohibits you sharing your knowledge. It’s very possible. If so, no worries. Just find something that really interests you right now and study it until you become an expert at that. Thank you for taking the time to share your knowledge. I have learned from you in the past and even 3 months ago I wouldn’t have known the answers.
its nice hearing most didnt inherit anything from family ive always been so devastated about that thinking as a 16 year old I will not ever be financially stable later in life seeming my mom makes 600 a month and I makes over 800 a month
Thank you for the video and the info. I'm not really trying become a millionaire. I'm just really trying to get my family out of debt. My son battled through leukemia and it's been a long battle. He's doing better, but the pieces are still being picked up. Now I try and climb this mountain of debt. I've been head down and now I need to try and change that. Hoping with some of the knowledge I can find I turn that around.
Great video! The only thing I'd change with the money split is this: Instead of 30% for wants, do 20%. That way you can give 10% tithing/charity. Most wealthy people give tithing/charity.
Recently, I've been pondering retirement. I've also want to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future
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..
@@YousufHamza-nd9mk DON'T LISTEN TO THOSE BOTS MAN!!! THEY ARE PAID COMMENT BOTS THAT ARE TRYING TO LEAD YOU TO A SCAMMER!!!! LOOK AT THEIR POOR ENGLISH AND GRAMMAR‼️‼️
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach 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
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?
Hey Mark, I know you get 100s of comments and are probably too busy to read them all but I use to watch your content years ago when you first started. It felt like you were my grandad giving me some unnecessary advice. I was 22 earning a ridiculous sum of money and I'm 25 now and not earning very much after being a bit reckless with my decisions. If I had listened to the likes of yourself and taken your advice, I would be doing much better today. Thankfully, having two kids since then as made me think seriously about my future as it directly impacts my kid's futures. You can bet I'll be taking note from now on. I started saving last month and I won't be touching a penny of it. Your advice may not be 'sexy' or explosive but it is very useful and that's why I hadn't listened before haha.**by saving I do mean investing ;)**
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on Blcktken300 and a 15x on polygon are fair considering how much those two coins are interwov
Ive seen videos refering to income and expenses as a cup with a hole in the bottom and that it doesnt matter how big the cup is if theres a hole in the cup then the cup is never big enough because it will eventually run out. If that hole were closed somehow then a person couldnt ever need to worry about running out. Becoming self sufficient and owning your house for a reasonable price could drastically decrease the size of that hole. Some people even buy large vans and renovate them to be a miniature rv. If i could buy a small house with a little bit of land using cash i would. Idk about other places in the world but where i am housing is the highest expense. The amount i spent on rent alone in the last year would have been enough to buy an acre or 2 of buildable land with utilities installed
People on truly low salaries, at or around minimum wage for example, are not really in control of their "expenses lever" because the gap between their income and essential outgoings (i.e.😢 taxes, rent, food, energy, travel, water) is often tiny, non existent, or even negative.
Yeah because when you were younger you could get anything you wanted with a PT job. Nowadays you need two FT jobs and a multiple side hustles just to get a place to call home.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I just here for ideas
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
took til 5:45 to tell you to get into gambling with corporate shares and Real Estate. Honestly, quite impressed it took this long for him to tell us this, usually they out themselves by 1:45.
@@AdinPremiumCarDetailingCenter it is though. Go to more familiar videos lile this and they all have more than 500 likes and no comments. It will literally be the same comment
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Not only that i feel right now e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
Interesting, I’ve actually been looking into that lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?
This is crazy If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Wendy Birkett will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…
This is impressive I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
I’ve found spending what you don’t save rather than saving what I don’t spend has been really helpful for me plus it’s made me make healthier food choices overall because I’m cooking almost everything from scratch I’m also working on a side hustle that will eventually be very low maintenance and it’s letting me put away 1000 a month atm and I only make 17 dollars an hour but I’ve got plans to change that
The best way to find that balance between saving and living is by investing. Starting early is the best way of getting ahead to build wealth and smart people will always try to harness any investment opportunity not minding the risks involved.
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes thanks
I just turned 18 a month ago and i just received a job offer yesterday, i will be starting on July 1st for my first job, im already searching for tips and advice like this because i really wanted to become financially stable and comfortable, because living here in the Philippines really sucks, and for me to ace this life i needed to be knowledgeable about things like this.
Yeah mate, just save money and never spend any of it even things you need such as cars, houses, degrees and you'll be a millionare in no time. It's that easy.
My bro is a lot associate at home depot, pushing carts. He will be a millionaire when he retires if not a multi millionaire. He's been investing 30% of his income into stocks from when he started. He also bought in way before Sandy hit. Although he doesn't have many bills since he lives at home with my mom which is why he can invest so much at a low income. He has aspergers, so he can't really live on his own. He'll definitely need the money in the future when he retires.
Thank you Mark, in 11 years old and in the long run your fantastic advice will help me alot, I truly cant thank you enough for shaping my future so positively via ur vids
Many of those making above 100k and still living paycheck to paycheck aren't doing so because they spend recklessly. It's just that many of these jobs are in high cost of living areas or highly-taxed places. It's harder to have a net positive cash flow today when most can't afford to own their own home today.
Yes, and sometimes the 6 figure paycheck is actually there to keep people who are doing the job afloat, like truck drivers for example, they can make 6 figures; however, a lot of that money goes into truck maintenance, which is why they get paid that much.
The problem with the income split strategy is that for my needs it takes 72% of my income and the rest I use for my wants, and that doesn't even feel like it's enough. I'm on disability and I only get slightly over $1000 a month counting my snap benefits as well. I can't work because I'm disabled, and it's just not enough.
No offence, but if you can't work, and live off of benefits, what is the point in entertaining the idea of becoming a millionaire? If you saved 50% of your monthly money, it would still take you 166 years to save a million. Find a side hussle you can do, and explore ways to have a cash flow coming in that are suitable
@@johnpickk7526 I have schizophrenia. I know how to program and develop games in Unity. The problem is, I have a really hard time focusing for long periods. Also, when other people are involved, I get paranoid. I made an asset though and put it up on the Unity asset store. I make $20 or $30 every other month off it. The effort it took me to make the thing was way more than the pay I get from it. I've made around $400 over the last 2 years it's been released. It makes me feel like I'm a failure.
Would like to warn everyone right now that it's in the millionaires and billionaires interest to get you to buy s&p 500 stocks atm because we are currently experiancing a top in the stock market before a bad recession so they wanna sell as much as they can right now but in order to sell for over 5k they need lots of new buyers.
Just use a monzo Savings pot they currently offering a 6month fixed rate savings account generating 4.10% Interest that 8.20% per year while you can open a everyday day savings account with 3.88% interest making you over 12% interest of guaranteed money every year that is higher than the average yearly returns of investment with 0 risk involved
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 believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
You should talk to a retirement planner, a certified retirement planner. They will help you diversify that money into different things so in case the stock market blows up or the housing market or whatever you will be OK and will have that money forever and grow it.
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This is the best app out there. Back in the day when I started I did my due diligence and decided to choose T212.
It's not the only platform that I use but it is my favourite and it gets better and better, new features are added permanently
@@rufusframptonyou have to be 18 but once you ve reached the age you can invest with as little as 1£. Let's say 5 :) . Fractional shares
@@rufusframpton A Junior stocks and shares ISA
Another thing I am a minor is it ok
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
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.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@mariaguerrero08Could you possibly recommend a CFA you've consulted with?
Gertrude Margaret Quinto 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 research the name ”Izella Annette Anderson”. You’d find necessary details to work with a correspondence to set up an appointment.
These days, it seems strange. The value of the US dollar is declining due to inflation, but it is increasing when compared to other currencies and commodities like gold and real estate. Because they think it's safer, people are moving to the dollar. I'm concerned that my retirement funds may lose value due to the growing cost of living.
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.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.
Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
@@DavidLucas-so8rr SCAMMER
I am sick of spammers in the comment section😢
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life.
As a beginner investor, all you have to do is to have a mentor to keep you accountable.
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
Sincerely speaking. I will continue to trade and stick to Coach Cathie Robert daily signals and guides as long as it works well for me.
Please how can I get in touch with this Coach Cathie Robert? I really need to give her a try
She's mostly on Telegrams, using the user name.
Thank you for actually helping us, instead of making some short videos telling people to buy some course that is a scam like some people do.
....while claiming to do "the Loooaaaard's wurk?"
I think I know whom you might be referring to .... 🤪
@@notroll1279 Thank You Jesus 😂
I am a senior citizen and I believe that no one can become rich overnight, it takes years of smart work not hard work, time management and the right investments. Every year you don't invest you simply fall a year behind and I say this from experience.
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.
I’m currently working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 30% NVDA, 25% SCHD and over 40% in digital and alternative assets, thanks to my CFA. This strategy has helped me earn 56,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
True, 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 license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far
Do you mind sharing info on the adviser who assisted you? I'm 49 now and would love to grow my stock portfolio and plan my retirement
My CFA, Sophie Lynn Carrabus is 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.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel 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.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
Mind if I ask you to recommend this particular coach you using their service?
Sonya lee Mitchell 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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sonya Lee Mitchell’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
‘Well bloody go and learn one’ one of the smartest things anyone has said to me
Cheers for the help my man. Turning 18 next year and i'm downloading this video for when i need some advice mate
Man now I really see why 18 is a big deal. I used to not understand why, but that was because I didn’t use to “want”!
You see what he just did there? Smooth talking about building wealth which a lot of people are interested in. Talked about selling results and gave the example of getting a percentage off of how many people he brings in. Then a bit later he talks about an investment app for you to start investing your money and even gives a discount code. He’s basically making money while giving bits of advice. Nothing wrong with it at all. If you listen to rich people talk you can pretty much see little nuances and formulate your own path. They’re not going to tell you how to get rich…..you have to see it.
Well said. Thank you
You nailed it.
Obviously.
If you watched alot of his videos one actually talks about this exact thing and how to do it.
You could either work in a restaurant (most restaurants provide free staff meals) or work as a bus driver(most bus companies provide free transport to bus depot to start work). Or best of both worlds; work in a restaurant that is very near your place of residence(walkable distance of 5-10 minutes walk)
As an elder millennial, one of the few advantages is having lived through the Great Recession. My advice. Reduce unnecessary expenses, increase your savings by investing in financial markets and do not sell. One thing I know for sure is that diversifying your income can help insulate you from much of the craziness going on in the world.
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.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Mind if I ask you to recommend this particular coach you using their service?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
Bot
You are just advertising BS bro
BOOK SHILLING SCAM
The fact that nobody talks about that book is because it is probably bullsh*t! So, away with your advertising scam!
SO glad you released this video in particular Blcktken300. I was accumulating AR and then saw your video last year saying that you see Blcktken300 may hit 300-400 and then you changed your view. Great and very informative!!! Thanks
all in
bro are you from india bajarangifan
I started watching you in middle school, a month ago I started investing into the s&p 500. My portfolio is only a little over $100, but it’s a start. Plus I can’t even legally get a job, so I’m doing decent.
Remember, investing money in your skills is also investing. It will ultimately lead you to making more money, which you will then use to buy stocks anyway. This is important especially when you are young because, as you still cannot legally be employed, you want to start accumulating work experience in a highly paid industry as soon as you are of age. Being 27 years old with 5 years of experience in (for example) programming is something you cannot buy once you are 27.
My advice to you is to invest in books, courses, mentoring or higher education for a specific skill. The stock market will be there for you when the time is right.
Money Management is so much more important than money earned.
I must have money first to manage
I’d say they are equally important. There is a certain salary you need to make to live comfortably and invest at the same time. It’s a lot easier to retire on a 500k salary even if you blew half your money vs a 100k salary where you only spent 10%
Enjoyed his communication style, but I wish he addressed the aspect of being in debt too. Mentioning how to manage finances when dealing with debt would have added valuable insights.
Wish i had a cool uncle like you to teach me about this stuff when i was younger. I was a good saver but no one knew about investing. 😢
Same here. They taught me how to ride a bike and tie my shoe laces at least. 😅
Did you forget how to use Google when you were younger?
...really @@jollama? Google wasn't invented in 1492 or something. Anyone over 30 either did not or barely had access to searching.
@HistoryByJames Maybe you’re living under the same rock he is
@@jollama yeah unfortunately.
I have to say you video quality is extremly good. Like this is the peak educational content that schools should learn from.
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
Rizing prices is just an excuse. Plenty of people still making good money during these times. You just need to know how
What stock market volatility? Stocks have been going up for half a year already
Ah duck, it's another bot again
Retire to a central America country. Your money will last double or triple. A home in El Salvador is like $35,000 four bedrooms,two Barth room. With $1000 a month you live a royalty life.
@@clintonnickens1004What jobs in these countries do they pay good crime ect these things are also a concern.
Secret Pathway To Triumph is so unique. I can’t believe I hadn’t heard about it sooner. It’s amazing how life-changing this can be.
"But what if i have no skills....Oh Bloody go and learn one!" i had a right laugh!!
There's a book called Success Secrets Of The Elite, it talks about how using some secret techniques you can attract a lot of money, it's not some bullshit, it's the real deal. Great video btw
And we're supposed to just believe you... because?
Ok, bot
@@Myreactionwhen_80085 Check out corlest then you can believe me
@@MrBej Not a bot G...
BOOK SHILLING SCAM
I take an employer match and everything else goes into a couple different etfs that are a little more heavily in different sectors. I have a slow start because housing was my first goal.
I don’t really need to be a millionaire. My goal has always been to keep the monthly expenses low so that I have more excess money.
Inheritance is not the only way in which a rich family can help their younger ones. There is influence and reputation as well. Actually those things may well be worth more than actual assets, since they open so many doors that are otherwise closed to the majority of the population.
00:00 🤔 Understanding millionaire statistics: Only 31% of millionaires earned an average of $100k/year, with 79% receiving no inheritance.
00:57 💰 Leveraging income and expenses: Controlling income and expenses is crucial for creating positive cash flow, regardless of salary.
01:53 💡 Importance of starting early: Starting young with positive cash flow allows for significant wealth accumulation over time.
02:23 💳 Managing expenses: Tracking expenses and eliminating unnecessary costs, especially high-interest debt, is essential for financial stability.
03:50 💼 Leveraging income: Focus on increasing income by leveraging skills and opportunities to maximize earning potential.
04:19 📊 Income split strategy: Allocating income wisely, with 50% on needs, 30% on wants, and 20% on investments, is crucial for wealth building.
06:15 🚀 Starting a side hustle: Creating additional income streams accelerates wealth accumulation and investment opportunities.
08:41 💵 Importance of investing: Investing, particularly in index funds, is key for long-term wealth growth and financial security.
Easy to read, much harder to implement
The first point is extremely misleading. Inheritance =/= financial support, the vast majority of them receive quite substantial amounts, of that.
Also all of those other points are exclusively useful if you have disposable income. Most people have to spend 80+% on needs rather than wants. Getting new skills is great advice though.
@@joev3783 That's true. But don't forget about self-made millionaires who never received inheritance and have to work their a**es off
10% of people in US are millionaires...
I might forget about this channel in a few days or weeks but I'm glad I found this channel at the young age I am now, not even out of school yet, not even close. Because I might remember these tips.
Keep watching and watch successful people and what they do. You will be so much better off pretty quickly. When you are middle-age and all your friends are struggling, you can be comfortable.
Disciplines is the key but with money is freaking hard…
Just be boring or find cheap fun. Ur bank balance will thank u.
@@HeathenwoodOfficialLike if “cheap fun” can be had these days.
Statistics sound great. But reality doesn't bare your facts.
Cheap fun is super easy these days
A cousin of mine made a TH-cam channel when he was young, it wasn’t successful but then he restarted a few months ago, and the skills he learned from that one channel grew his channel to around 60k rn, id also like to say he is already fairly successful, (civil engineer with a full time job with good reputation) but that channel has made him good money
As someone who lives in Australia. Seeing 50% to needs hurts. Housing is like 60% of my income.
Then you are in the wrong house.
@@ChimaObiits might the only aviable one
It is clearly a solid money literacy 101!!!
This gentleman doesn't talk bs .
Doesn't tell you invest this and that thing.
Just how to be responsible
Welcome back sir, we missed you ! 🙏🏻🙌🏻
Hi, I didn’t go away, I have just had so much going on in January, I will let you know more about that soon. MT 😎
@@marktilbury there is no app, I tried to download it through App Store and website. Nothing shows up
Your video editor, sir, deserves a raise, I like the way your video enhances and illustrates your points.
I became a millionaire in my early 40s but I still enjoy watching your videos; thank you so much for spreading correct and beneficial financial concepts with well-produced videos with fun-to-watch gadgets!!
Congratulations on becoming a millionaire!
I’m a 17 year old kid right now, and I’d really appreciate it if you could answer some of my questions.
What is your average salary per year?
Did you go to college/do you think college is worth it?(I currently have a 4.0 GPA(all A’s) and want to become a dental hygienist.
Did you invest(if so, what did you invest in)?
How much do you invest per year?
I guess moral of my questions are, how did you become a millionaire?
It's crazy how many people in the UK don't know these basics. This kind of videos should be shown in schools instead of other useless subjects. ❤
Secret Pathway To Triumph blew my mind. I’ve shared them with friends, and they’re all amazed at the shifts in their mindset.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
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.
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
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
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.
Trying to get rich at teen years
You've helped me alot 🙏🏻
Same man
🙏🏻🙏🏻🙏🏻
needs shouldn't be a percentage, they should instead be a fixed number (maybe have some savings leftover for sudden increases in expenses)
You are so smart and kind, thank you for showing us young the way.
Had it not been for your TH-cam channel I would never have become a trader. Thanks Daily Analysis Video.
Same here
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
all in
she often interacts on Telegrams
@Soni6835
That's???? her username.
How's it after 8 months?
@@JamesAlex-z9o SCAMMER
Love your videos!
Have pretty much done this myself. I haven't ever had an exceptionally high income, but have managed to grow my net worth over time.
Nice motivational video, but you missed inflation? 1.3 M USD in todays money was around 450K USD in 1984.
*This way of sharing is really great, hope everyone who sees it can apply it to their life*
It's important to remember, a million pounds will be worth very little by the time most of the viewers are elderly. It will probably only last a few years.
Each and every one of your videos is so relatable. You presentation style makes me watch all the way to the end. Please take over the Martin Lewis show. You are so much more natural.
it is important to mention that being a millionainre doesn't mean you are crazy rich. Just having a house, some terrain, some cash in the bank and that's enough for you to be registred as a millionaire
Such good advice! This will be key for me trying to transition from working full time into online content creation on TH-cam!
Another tip, start a corporation (a legal document). You can use them to not get taxed on gains (10% tax) until after you spend money then your taxed on the money left
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Stacy Lynn Staples 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 the lead. I just searched Stacy Lynn Staples by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon
I listen and agree with alot of what was said in this video,now all i need is to earn a salary.
Perhaps you should make more videos, I just took a look at your channel, it's hilarious and informative who'd think it's about politics...lol
@@thefacelessquestion3333
I feel I should as well...thanks for the encouragement, brother.
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my $285k portfolio comprising of plummeting stocks that were recommended by certain financial TH-camrs, quite devastating!
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.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
Lucinda Margaret Crist is the licensed coach 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.
Mark is absolutely right. 50 30 20 rule is optimal for workers, put your money in every month be sure to spend money on your wants keep the balance right.
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-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.
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
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Laila artine kassardjian' is the licensed coach 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.
Yeah, I've been telling this to people for YEARS, and also why I strongly argue that the WORST START TO LIFE you can have is by accumulating debt, which in the America you have to do in order to get a credit rating. What you should be doing instead is teaching people to save up, follow a budget, and activate 50% of the money they set aside on an annual basis.
Dear Mark, could you maybe do another video to show us more about investing and how it works?
By watching you, I learn english and finances at the same time. Love your videos!
I’m proud to say I knew all 4. Whew. I’ve been studying this topic for a while now because I recently realized that I have a lens for looking at money and finances that I learned from my parents and the world has changed so much and I needed to change my perspective in order for it to make sense in today’s world. A word of caution for anyone reading your comments: before you start freelancing make sure that your day job doesn’t have a policy that prohibits you sharing your knowledge. It’s very possible. If so, no worries. Just find something that really interests you right now and study it until you become an expert at that.
Thank you for taking the time to share your knowledge. I have learned from you in the past and even 3 months ago I wouldn’t have known the answers.
its nice hearing most didnt inherit anything from family ive always been so devastated about that thinking as a 16 year old I will not ever be financially stable later in life seeming my mom makes 600 a month and I makes over 800 a month
Building wealth isn’t about a high income-it's about discipline, smart investing, and living below your means. Consistency wins.
There was a janitor who was worth almost $10 million… he was a super saver and investor and was super humble and frugal.
Is he still alive, no point being the richest person in the cemetery.
Glad im watching this while im a teenager. Gonna be useful for the rest of my life.
Future millionaire here, saw till the end
good luck
0:46 - 0:54 was great edit and nice audio combo
Yes. Don't just save 20%- invest it👍
Thank you for the video and the info. I'm not really trying become a millionaire. I'm just really trying to get my family out of debt. My son battled through leukemia and it's been a long battle. He's doing better, but the pieces are still being picked up. Now I try and climb this mountain of debt. I've been head down and now I need to try and change that. Hoping with some of the knowledge I can find I turn that around.
it’s kinda crazy how nobody’s talking about Antozent, they are selling 150 self help books for the price of one
lol, bot and fake likes xD
If you are a reading self help book written by someone else, isnt that just called help?
Because about 147 of those are bull
Great video!
The only thing I'd change with the money split is this:
Instead of 30% for wants, do 20%. That way you can give 10% tithing/charity. Most wealthy people give tithing/charity.
Recently, I've been pondering retirement. I've also want to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future
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..
Fake and gay bot comment
@@YousufHamza-nd9mk DON'T LISTEN TO THOSE BOTS MAN!!! THEY ARE PAID COMMENT BOTS THAT ARE TRYING TO LEAD YOU TO A SCAMMER!!!! LOOK AT THEIR POOR ENGLISH AND GRAMMAR‼️‼️
You have some of the best financial advice out there! Thanks Mark!
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach 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
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?
Ask yourself. Will people still be buying, if not switch or get out
Hey Mark, I know you get 100s of comments and are probably too busy to read them all but I use to watch your content years ago when you first started. It felt like you were my grandad giving me some unnecessary advice. I was 22 earning a ridiculous sum of money and I'm 25 now and not earning very much after being a bit reckless with my decisions. If I had listened to the likes of yourself and taken your advice, I would be doing much better today. Thankfully, having two kids since then as made me think seriously about my future as it directly impacts my kid's futures. You can bet I'll be taking note from now on. I started saving last month and I won't be touching a penny of it. Your advice may not be 'sexy' or explosive but it is very useful and that's why I hadn't listened before haha.**by saving I do mean investing ;)**
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on Blcktken300 and a 15x on polygon are fair considering how much those two coins are interwov
Scam
all in
Ive seen videos refering to income and expenses as a cup with a hole in the bottom and that it doesnt matter how big the cup is if theres a hole in the cup then the cup is never big enough because it will eventually run out. If that hole were closed somehow then a person couldnt ever need to worry about running out. Becoming self sufficient and owning your house for a reasonable price could drastically decrease the size of that hole. Some people even buy large vans and renovate them to be a miniature rv. If i could buy a small house with a little bit of land using cash i would. Idk about other places in the world but where i am housing is the highest expense. The amount i spent on rent alone in the last year would have been enough to buy an acre or 2 of buildable land with utilities installed
Blcktken300 gang in the house! Thanks for the analysis!
People on truly low salaries, at or around minimum wage for example, are not really in control of their "expenses lever" because the gap between their income and essential outgoings (i.e.😢 taxes, rent, food, energy, travel, water) is often tiny, non existent, or even negative.
Yeah because when you were younger you could get anything you wanted with a PT job.
Nowadays you need two FT jobs and a multiple side hustles just to get a place to call home.
Thank you for the illustration about the 3 scenarios with savings and time of start.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I just here for ideas
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
completely agree. I have been consistent with my profit regardless of the market conditions. I got into the market early in 2019 and the constant downtrends and losses discouraged me, so I sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a colleague
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
Her name is. 'Marisa Michelle Litwinsky’. 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.
took til 5:45 to tell you to get into gambling with corporate shares and Real Estate. Honestly, quite impressed it took this long for him to tell us this, usually they out themselves by 1:45.
The fact that nobody talks about the forbidden book Scarpure money speaks volumes about how people are stuck in a trance
wow, thanks for the info, I didn't know it was available again
He is a bot
@@biznut8 dont be funny please, this is reason why you so unsuccessfull
🤖
@@AdinPremiumCarDetailingCenter it is though. Go to more familiar videos lile this and they all have more than 500 likes and no comments. It will literally be the same comment
Thanks a lot for this. It's really helpful!
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Not only that i feel right now e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
Interesting, I’ve actually been looking into that lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?
This is crazy If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Wendy Birkett will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…
She appears to be well-educated and well-read. I ran a Google search on her name and came across his website; thank you for sharing.
This is impressive I just Googled her name and her website came up right away. It looks interesting so far. I'm going to send a mail to her and let you know how it goes.Thanks for sharing truly!
Is dollar cost averaging the bogleheads three fund portfolio a good idea?
I’ve found spending what you don’t save rather than saving what I don’t spend has been really helpful for me plus it’s made me make healthier food choices overall because I’m cooking almost everything from scratch I’m also working on a side hustle that will eventually be very low maintenance and it’s letting me put away 1000 a month atm and I only make 17 dollars an hour but I’ve got plans to change that
The best way to find that balance between saving and living is by investing. Starting early is the best way of getting ahead to build wealth and smart people will always try to harness any investment opportunity not minding the risks involved.
I've been diving deep into stock options, the first $120k is definitely the hardest, but I believe can easily multiply once cracked.
If you cut off all distractions and just focus on solid investment, you'd be surprised by just how much one can accomplish in 6 months!
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes thanks
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
@WONGHUATRADE 💯 ..that's it
I just turned 18 a month ago and i just received a job offer yesterday, i will be starting on July 1st for my first job, im already searching for tips and advice like this because i really wanted to become financially stable and comfortable, because living here in the Philippines really sucks, and for me to ace this life i needed to be knowledgeable about things like this.
Yeah mate, just save money and never spend any of it even things you need such as cars, houses, degrees and you'll be a millionare in no time. It's that easy.
This will influence an entire generation of entrepreneurs, thank you❤❤
Now we just need to see the Blcktken300 price also move in the same direction as these charts. Up. Very Up.
all in
My bro is a lot associate at home depot, pushing carts. He will be a millionaire when he retires if not a multi millionaire. He's been investing 30% of his income into stocks from when he started. He also bought in way before Sandy hit. Although he doesn't have many bills since he lives at home with my mom which is why he can invest so much at a low income. He has aspergers, so he can't really live on his own. He'll definitely need the money in the future when he retires.
I just come to YT to start over watch your videos after o one mouth and I see just you realize new vid. Thank you! :)
Thank you Mark, in 11 years old and in the long run your fantastic advice will help me alot, I truly cant thank you enough for shaping my future so positively via ur vids
Many of those making above 100k and still living paycheck to paycheck aren't doing so because they spend recklessly. It's just that many of these jobs are in high cost of living areas or highly-taxed places.
It's harder to have a net positive cash flow today when most can't afford to own their own home today.
Yes, and sometimes the 6 figure paycheck is actually there to keep people who are doing the job afloat, like truck drivers for example, they can make 6 figures; however, a lot of that money goes into truck maintenance, which is why they get paid that much.
Correct
The problem with the income split strategy is that for my needs it takes 72% of my income and the rest I use for my wants, and that doesn't even feel like it's enough. I'm on disability and I only get slightly over $1000 a month counting my snap benefits as well. I can't work because I'm disabled, and it's just not enough.
No offence, but if you can't work, and live off of benefits, what is the point in entertaining the idea of becoming a millionaire?
If you saved 50% of your monthly money, it would still take you 166 years to save a million. Find a side hussle you can do, and explore ways to have a cash flow coming in that are suitable
@@johnpickk7526 I have schizophrenia. I know how to program and develop games in Unity. The problem is, I have a really hard time focusing for long periods. Also, when other people are involved, I get paranoid. I made an asset though and put it up on the Unity asset store. I make $20 or $30 every other month off it. The effort it took me to make the thing was way more than the pay I get from it. I've made around $400 over the last 2 years it's been released. It makes me feel like I'm a failure.
Would like to warn everyone right now that it's in the millionaires and billionaires interest to get you to buy s&p 500 stocks atm because we are currently experiancing a top in the stock market before a bad recession so they wanna sell as much as they can right now but in order to sell for over 5k they need lots of new buyers.
I am not familiar with stocks, investing,… is there books, videos, … you are recommending to know everything ?
Swedish investor channel has a lot of good book reviews
Just use a monzo Savings pot they currently offering a 6month fixed rate savings account generating 4.10% Interest that 8.20% per year while you can open a everyday day savings account with 3.88% interest making you over 12% interest of guaranteed money every year that is higher than the average yearly returns of investment with 0 risk involved
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 believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
You should talk to a retirement planner, a certified retirement planner. They will help you diversify that money into different things so in case the stock market blows up or the housing market or whatever you will be OK and will have that money forever and grow it.
Buy water, food, sturdy clothes and soaps. TELL NO ONE.