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
Achieving significant returns isn't about volatile stocks; it's about effectively balancing risk and reward. Proper position sizing and leveraging your advantage repeatedly are essential, whether you're a long-term investor or a day trader
Certainly, many underestimate advisors until emotions lead to losses. A few summers ago, during a tough divorce, I sought a licensed advisor who, through diligent work, boosted my business from $190k to around $720k despite inflation
The Adviser I'm in touch with is *'Jude Ryan McDonough'* , he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. He provides entry and exit point for the securities I focus on
Could you make a video what milestones a person needs to meet by 30? I.e. how much to save/invest/put in retirement. And how to decide the ratio among these buckets?
As someone just starting out in their 20s, this breakdown of key financial goals is incredibly helpful. It's like having a roadmap to navigate the often intimidating world of personal finance. Thanks for sharing this valuable information. I'm feeling more empowered and motivated to take control of my financial future!
It's always good to have a financial plan, no matter the age group, This is opportunity newbies and intermediate traders should capitalize on, it's a shame a lot can't see this.
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.
indeed, most people downplay the roles of financial planners until burnt by there mistakes. Productivity is optimized and keeping up to date strategies and analysis makes it more lucrative. I've been able to navigate the volatilities and scaled up 880k from 220k with professional guidance.
Greetings from Denmark, I've been investing for almost two years and I barely even have a profitable portfolio ever since I got in. I can read your comment and I was wondering. Can you name your expert? Who do you Work with?
I am hitting the Milestone of Retirement. A little comforting words for all you younger people out there, things will get better. Bad times don’t last forever. That said I have my own Rich BFF she is suggesting, demanding I retire, she’s a CPA and has analyzed by finances. That’s nice but I am kind of scared, going from a known salary to a unknown one, it kind of like be young again, oh well young can be fun. I guess I can max out my investments investments and sock money away and work a few more years, until My retirement investments get larger, and retire.
Think number 4 shouldnt be a thing paying rent on your own is a waste.Allocating it with family or roomates is a better way to reduce costs and gain assets this way you have others paying rent to you being a landlord and following this advice .
I love this video! I will say though, its a trip to small claims court to settle a landlord dispute over a security deposit and I’ve never chosen to do that even if I think the landlord took way more than their due. It takes time and some money to get that money back, sadly. And sometimes I’m not even living in that city anymore so it’s even more time and money to get it back. In some sense I think a better policy is to carefully vet your landlord to avoid getting into that situation in the first place. Sometimes medium sized corporations are good or an individual landlord who you know is really nice and won’t scam you. Great video!!❤
You skip the part where you need to make your sofi account your direct deposit account or deposit 5,000 a month to get that high interest on the savings account. I'd personally recommend people open a savings with discover for a little lower interest but no bs involved. Or if people want a big brick and motar bank Capital one offers a competitive high yeild savings account as well next to discover
YRBFF tell me about why its best to use credit cards more than a debit card? I've been doing the flip forever, should I switch and why? Benefits or detriment? Thx.
Thank you for all your wise advise Viv. Is a Roth IRA better than a regular one for a new professional who will likely have a higher tax bracket as one gets older? Wouldn't it be better to pay the tax now while the tax bracket is lower? Please advise.
Im not a financial expert or anything but yes in theory a Roth IRA is better for someone who will be in a higher tax bracket in the future. With a Roth IRA you pay taxes now (hopefully while you are in a lower tax bracket) before that money is invested. In the future the money you invested will grow and you can receive that money (your contributions PLUS any earnings) tax free. So it will not matter what tax bracket you are in in the future. With a traditional IRA you are contributing pre tax income. This is better if you are in a higher tax bracket right now because it lowers your Taxable income for this year but you will have to pay taxes on your contributions AND earnings in the future when you pull that money out.
Great advice, but as a financial advisor, invest in IUL account is better cuz , it’s illness protection, compound interest is tax advantage and if the insured dies , 100% tax free goes to beneficiaries. Win win
You’re really an insurance salesperson who wants to convince people to buy IUL because you get high commission for selling it. Vivian only recommends term life insurance for those who have dependents because it’s much cheaper and you’ll come out well ahead by investing the amount you aren’t spending on IUL.
@@hunnybunny4306 so wrong, you got nothing out of term insurance and as a financial advisor, you don’t want to risk your assets, your retirement and everything cuz you have no illness protection. We’re Finacial literacy
To make that 4.5% on checking, you have to deposit at least $5,000 per month into the account. You might make that much, but I don't! If I direct deposited my net pay of about $2250 per month I would get 1.2% interest. I can get 4 to 5% interest on 12 to 15 month CDs. BTW, I'm not really a fan of Tylor Swift, though she does seem to be popular with the 10 to 25 year old crowd. This reminds me of your news article paywall video from last year, where the site turned out to no longer exist a week after your video was released. I guess your videos work with the middle to upper class, under 30 demographic, but as a working-class person at 61 I have out grown you.
There’s a lot of HYSA available. discover offers one, LendingClub is who I use. You aren’t required to keep a minimum balance in either or do monthly contributions. You just get the interest rate!
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Samantha Kaindi.
l also invest with Mrs. Samantha Kaindi she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.
My first investment in Mrs Samantha Kaindi gave me the confidence that led me to invest without fear of loss. I have already taken 3 of my friends to their guide and they are fine.
She is really great at what she does with amazing skills, she changed my 0.1BTC to 2.1BTC within two weeks of trading, I am now fully confident that she is reliable.
*ANOTHER YEAR OLDER, ANOTHER WISER 🍷📈📊🏆 THE GLORY OF YOUNG MEN IS STRENGTH 💪🏽 AND APPEARANCE BUT FOR THE OLDER SILVER HAIRS IT'S WISDOM 🧠 ♟️ FOR YOUNG WOMEN IS APPEARANCE TOO OBVIOUSLY BUT AGAIN FOR OLDER WOMEN IT'S TRULY WISDOM🧠 BETTER TO KNOW THEN TO NOT KNOW 🦉* *LESSON: LOOKS AND PEAK PHYSICAL PERFORMANCE START TO DECLINE BY AGE 30 FOR BOTH MEN AND WOMEN BUT.... WISDOM WILL SERVE YOU VERY WELL FOR LIFE FOR BOTH MEN AND WOMEN!*
Oh Viv.....wish you were around when I was in my 20's!!!!
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
Achieving significant returns isn't about volatile stocks; it's about effectively balancing risk and reward. Proper position sizing and leveraging your advantage repeatedly are essential, whether you're a long-term investor or a day trader
Certainly, many underestimate advisors until emotions lead to losses. A few summers ago, during a tough divorce, I sought a licensed advisor who, through diligent work, boosted my business from $190k to around $720k despite inflation
wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio
please who is the expert guiding you? i have lost so much as a beginner🥺 investing into stock without a proper guidance of an expert
The Adviser I'm in touch with is *'Jude Ryan McDonough'* , he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. He provides entry and exit point for the securities I focus on
0:25 Opening the right bank accounts
2:11 Spending your money the right way
3:52 Making a budget
5:16 Paying your own rent
7:06 Start investing
Thanks 👌
Could you make a video what milestones a person needs to meet by 30? I.e. how much to save/invest/put in retirement. And how to decide the ratio among these buckets?
As someone just starting out in their 20s, this breakdown of key financial goals is incredibly helpful. It's like having a roadmap to navigate the often intimidating world of personal finance. Thanks for sharing this valuable information. I'm feeling more empowered and motivated to take control of my financial future!
It's always good to have a financial plan, no matter the age group, This is opportunity newbies and intermediate traders should capitalize on, it's a shame a lot can't see this.
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.
indeed, most people downplay the roles of financial planners until burnt by there mistakes. Productivity is optimized and keeping up to date strategies and analysis makes it more lucrative. I've been able to navigate the volatilities and scaled up 880k from 220k with professional guidance.
No doubt, making smart plans and setting up diversified investment portfolios is quite essential. Who do you work with?
Greetings from Denmark, I've been investing for almost two years and I barely even have a profitable portfolio ever since I got in. I can read your comment and I was wondering. Can you name your expert? Who do you Work with?
It's CHRIS RYAN STEWART
Happy to say I'm 25 and have all these mastered 😁 hopefully as I've set myself up well now i will be financial strong later in life
30’s please
Timestamps/sections PLEASEEEE
I am hitting the Milestone of Retirement. A little comforting words for all you younger people out there, things will get better. Bad times don’t last forever. That said I have my own Rich BFF she is suggesting, demanding I retire, she’s a CPA and has analyzed by finances.
That’s nice but I am kind of scared, going from a known salary to a unknown one, it kind of like be young again, oh well young can be fun. I guess I can max out my investments investments and sock money away and work a few more years, until
My retirement investments get larger, and retire.
Viv, listening to your book, it’s got me thinking, Bob
Think number 4 shouldnt be a thing paying rent on your own is a waste.Allocating it with family or roomates is a better way to reduce costs and gain assets this way you have others paying rent to you being a landlord and following this advice .
I love this video! I will say though, its a trip to small claims court to settle a landlord dispute over a security deposit and I’ve never chosen to do that even if I think the landlord took way more than their due. It takes time and some money to get that money back, sadly. And sometimes I’m not even living in that city anymore so it’s even more time and money to get it back. In some sense I think a better policy is to carefully vet your landlord to avoid getting into that situation in the first place. Sometimes medium sized corporations are good or an individual landlord who you know is really nice and won’t scam you.
Great video!!❤
You skip the part where you need to make your sofi account your direct deposit account or deposit 5,000 a month to get that high interest on the savings account.
I'd personally recommend people open a savings with discover for a little lower interest but no bs involved. Or if people want a big brick and motar bank Capital one offers a competitive high yeild savings account as well next to discover
I use LendingClub and they offer 4.5% APY without any of the minimum balances required for the interest or monthly contributions 🙏
I came for the info, I stayed for the Mr. Krabs painting
Thank you!👏🏾👏🏾👏🏾
I can't wait to share these gems 💎 with others! 😃
SoFi savings is legit 4.5 right now 🙌🏾
It’s great
4.5 per year ?
This video is incredibly useful 👌 Thank you so much for your help 🙏
Congrats on the Forbes feature!!!
Does this apply to non- Americans or people who reside outside the USA?
Because it wasn't mentioned, you only get the 4.5% apy with So-Fi by setting up direct deposit of $1000
Thank you Viv!!
Can I get a 1 on 1 with you? I have some questions. Thank you
Hello
What bank do you suggest to open a Roth IRA??
YRBFF tell me about why its best to use credit cards more than a debit card? I've been doing the flip forever, should I switch and why? Benefits or detriment? Thx.
Thank you for all your wise advise Viv. Is a Roth IRA better than a regular one for a new professional who will likely have a higher tax bracket as one gets older? Wouldn't it be better to pay the tax now while the tax bracket is lower? Please advise.
Im not a financial expert or anything but yes in theory a Roth IRA is better for someone who will be in a higher tax bracket in the future. With a Roth IRA you pay taxes now (hopefully while you are in a lower tax bracket) before that money is invested. In the future the money you invested will grow and you can receive that money (your contributions PLUS any earnings) tax free. So it will not matter what tax bracket you are in in the future. With a traditional IRA you are contributing pre tax income. This is better if you are in a higher tax bracket right now because it lowers your Taxable income for this year but you will have to pay taxes on your contributions AND earnings in the future when you pull that money out.
@@myhallyulife Thank you for the reply
Thanks!
love you keep up the good work
I like this girl. she's smart!
Great advice, but as a financial advisor, invest in IUL account is better cuz , it’s illness protection, compound interest is tax advantage and if the insured dies , 100% tax free goes to beneficiaries. Win win
You’re really an insurance salesperson who wants to convince people to buy IUL because you get high commission for selling it. Vivian only recommends term life insurance for those who have dependents because it’s much cheaper and you’ll come out well ahead by investing the amount you aren’t spending on IUL.
@@hunnybunny4306 so wrong, you got nothing out of term insurance and as a financial advisor, you don’t want to risk your assets, your retirement and everything cuz you have no illness protection. We’re Finacial literacy
*RICH BFF AND TECHLEAD SHOW*
To make that 4.5% on checking, you have to deposit at least $5,000 per month into the account. You might make that much, but I don't! If I direct deposited my net pay of about $2250 per month I would get 1.2% interest. I can get 4 to 5% interest on 12 to 15 month CDs. BTW, I'm not really a fan of Tylor Swift, though she does seem to be popular with the 10 to 25 year old crowd. This reminds me of your news article paywall video from last year, where the site turned out to no longer exist a week after your video was released. I guess your videos work with the middle to upper class, under 30 demographic, but as a working-class person at 61 I have out grown you.
There’s a lot of HYSA available. discover offers one, LendingClub is who I use. You aren’t required to keep a minimum balance in either or do monthly contributions. You just get the interest rate!
6:33-6:45, 🤣.
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Samantha Kaindi.
Wow, amazing to see others trading with Mrs. Samantha Kaindi am currently on my 5th trade with her and my portfolio has grown tremendously.
l also invest with Mrs. Samantha Kaindi she charges a 20% commission on the profit made after each trading session, which is fair compared to the effort she put in to make huge profits.
Please any information on how i can get in touch with Mrs.Samantha Kaindi?
My first investment in Mrs Samantha Kaindi gave me the confidence that led me to invest without fear of loss. I have already taken 3 of my friends to their guide and they are fine.
She is really great at what she does with amazing skills, she changed my 0.1BTC to 2.1BTC within two weeks of trading, I am now fully confident that she is reliable.
❤❤❤
*ANOTHER YEAR OLDER, ANOTHER WISER 🍷📈📊🏆 THE GLORY OF YOUNG MEN IS STRENGTH 💪🏽 AND APPEARANCE BUT FOR THE OLDER SILVER HAIRS IT'S WISDOM 🧠 ♟️ FOR YOUNG WOMEN IS APPEARANCE TOO OBVIOUSLY BUT AGAIN FOR OLDER WOMEN IT'S TRULY WISDOM🧠 BETTER TO KNOW THEN TO NOT KNOW 🦉*
*LESSON: LOOKS AND PEAK PHYSICAL PERFORMANCE START TO DECLINE BY AGE 30 FOR BOTH MEN AND WOMEN BUT.... WISDOM WILL SERVE YOU VERY WELL FOR LIFE FOR BOTH MEN AND WOMEN!*