How to Be a Millionaire on a Low Salary
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- เผยแพร่เมื่อ 1 พ.ค. 2022
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.
Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
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The important thing to remember is that side hustles often take up so much of your free time that you're basically not even living. That's not much different than the guy who hoards money his entire life while eating only oatmeal and then dies before ever really using it.
True wealth would be finding a way to balance securing your future with actually living your life here and now.
Depends on the side hustle… I play music with my band. I don’t have a huge interest in touring full time bc it’s a lot of work but I do love writing and playing music. I also love writing novels and feel fulfilled by this and sell them on the side. If that was full time then yah, I’d be happy with it… some side hustles are just to make money but others are about filling your soul, it’s more of a vocation.
My great uncle was a junk collector. He had the worst house in town. It was an old dump that he never took care of (mental health), and in the back yard he basically had a junk yard. Old cars, piles of scrap metal, coffee cans filled with nuts and bolts. When he died his daughters learned that he at around $7 million..... in a checking account.... Turns out the junk yard was the primary sourcing grounds for local mechanics. Anything he couldn't sell he scrapped. He ate oatmeal and hotdogs for nearly every meal, and never did anything besides work and watch TV. He was the meanest person I ever knew and I didn't really like him. When he died and we learned about all of this my dad just said "That's one way to live, I guess." Point taken.
but why did he never spend anything of this money? do your inherit it?
So he compromised his health and happiness for wealth that he never enjoyed to use - at least he had his daughters who would inherit it.
@@cioccolatamania3622 they live the same way.
That's sad to hear. My neighbor is a scrapper and is having the tike of his life. He loves to share all of his experiences as a Carpenter as well as the oddities he treasures. Different strokes for different folks. I hope you find your own way to keep your cost of living low, your income at an acceptable range and your peace. Many blessings
Ronald Read also didn't spend the money he made. He wore ragged clothes and once had someone buy a meal for him because they thought he was needy.
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
@@emmaarmandoThis is exactly how i wish to get my finances coordinated ahead or retirement. Can you recommend the financial advisor you used to get ahead?
CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
That’s great but making $10 an hour and minimum rent is $1200 per month, there is no way to improve cash flow
Saving money doesn't work because it's constantly being devalued...you need a hedge against inflation. Investing is key to financial freedom. The problem is it's easier said than done.
SAVING MONEY ALLOWS YOU TO HAVE MONEY TO INVEST SO YOU CAN GET MORR MONEY, SO IT CAN WORK IN SOME WAY. only people who can't save money say what you said.
If you save cash for the long term I agree with you. It will devalue because of inflation. However, if you save cash for a shorter period then you have the money to 'invest' in an asset which over time increases in value.
@@stevenhull5025 my point was cash is useless if it's not invested. I didn't mean burn through your money. You have to save it but not in a savings or under your mattress...it's gotta go into an investment.
@@ladybird491maybe I didn't clarify thoroughly enough. I didn't mean dont save money literally...you save it to invest as opposed to it(cash) sitting in the bank losing value. I'm guilty of the latter because of wanting rainy day funds.
If you invest in stocks they’ve all dropped/been choppy lately and cash would hand held value 😂 tricky times
At the age of 47, I found that my financial "professional" had misappropriated my retirement funds ($250k) and lost it all. Didn't do one thing I said. I had to start over. with zero. I decided to manage my own money, and 12 years later I had 400k saved. Not enough, but hey. Still under the 8 ball, as covid caused a catastrophic loss in my income (I was forced to retire early). I had planned on working another 6 years to get to that million mark. well, life has a way of changing your plans, no? So now I just have to figure it out as always. I will, but it will take some time. Gotta tell ya though, after going from extreme poverty to middle class and back to poverty? I am one disgruntled camper.
Be careful in marriage. It can be the best decision to stabilize 2 people, and reach prosperity. But choose wisely, the best friend in life that is a loyal team member, because if you divorce, you will have to start over. There are very clear events in capitalism that are money killers.
Is now a good time to invest in stocks? I know everyone says stocks are cheap, but how long will it take for us to recover? Obviously, there are strategies to be used in this market, but these strategies are not available to the average person, so am I better off putting my money elsewhere?
Indeed, many individuals minimize the importance of financial experts until they are in emotional distress. I can very clearly recall requiring encouragement to keep my business going. If the market has taught me anything, it's that it always recovers, but I can't seem to focus on the long run, when major factors like my retirement and my reserve are wreaking havoc on inflation.
Professionals are now dominating the market since they have access to both the essential strategy for making money in this industry and exclusive insider market information. . Hiring a skilled professional with a platform that offers a variety of investing possibilities can help you do this. You may even get more by doing this, and you leave little space for regrets
@@oscarjiron6974 Due to the significant dips, I want help in order to rebuild my portfolio and develop new tactics. Where is this adviser located?
@@AnthonyHart34 It's funny you brought it up because I totally get it. Although I have dealt with several financial advisers, "sharon lee casey" has so far shown to be the most knowledgeable and capable. I'm not sure whether I can disclose this. She also manages my portfolio.
@@oscarjiron6974 I can see why she is so busy because she has a respectable career and strong credentials. So without waiting, I quickly copied Sharon's full name and entered it into my browser.
I’m 19 and saved up my first $10,000. Wish me luck everyone, I’m trying to make it in this world
Almost $10k soon and 19 as well!!
Can't waittt
Keep it up dog that’s great
You will young man you will. I'm absolutely positive about that because you are starting early not only that because you are interested in finance at such a early age.
"It's not how much you make. It's how much you keep."
Glad that I found ur channel.... Simple, on point, very helpful.👍 exactly what I needed
After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing interest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio
Centre around two key targets. In the first place, remain safeguarded by realising when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around. I suggest you look for the direction a representative or monetary consultant.
@@lucid480 Insightful... I curiously looked up her name on the internet and I found her site, thanks for sharing
It begs the question: who's the bigger schmuck? The guy who lives life to the fullest and dies penniless or the guy that deprives himself of all of life's luxuries and dies with $8M?
I would have stopped at $2M, had it invested in the S&P 500, and just lived off of dividends at that point lol. Enjoyed life, being frugal still. No point dying rich with out enjoying it 🤷♂️
Yea, I think you should aim for the middle ground. Grind, invest and save until you have generational wealth for your grand kids, and then enjoy the hell out of the rest of it.
The guy who dies penniless. He didn't "live life to the fullest." He simply squandered his wealth on consumer goods. The guy who deprived himself left his kids an inheritance.
The guy who dies with 8 million. He could of had everything, including 5 million in saving...lol
😂😂 Great video! You won me over with the pot pies!!! SO LOVING your videos! I’m learning so much with your videos and newsletter. Awesome content for a biologist that knows hardly anything about banking and finances! 👏🏻👏🏻
The whole concept of sacrifice now so that you can not worry later is novel but, I find that, like some others have said, that money is constantly losing its value, and you'll likely still be worried about it when you reach retirement age. I try to live in the moment more. Enjoy things while I can, because tomorrow isn't promised. That being said, I have gotten into the habit of investing a little bit whenever I feel like I've got some extra money lying around and I can see how saving a bit more can essentially make you more over the same period.
Eventually compound interest and Your paycheck would catch up to inflation.
Inflation is not a serious negative contributor, but it's there
@@jamiebaxter9143 i see
all of this advice is boomer tier before boomers wrecked the country. money is now losing 20% value per year and peoples housing costs alone cost their entire monthly paycheck so to cover food and utility bills they have to max out credit cards. the economy is over we are heading for the greatest depression in national history.
really helpful video! would you please be able to do a video on understanding stocks and performance? eg why is understanding day gain important and what does that tell you about your investments.
I am glad i found this channel, especially i am in a situation in my life wherein I am so confuse what to do and how to be financially free.
I get that this is just an example, but if you're going to use a monthly salary/income figure, choose something that represents either the median income or better the income of the folks who desperately need financial help--not the people who already have financial advisors. According to US fed stats, the average salary in 2021 was ~ $50K before taxes. That's already a lot less than $5K per month. And since the vid's title suggests we're dealing with "a low salary," we're looking at something much less than $5K after taxes. Just makes people who don't make near $5K/month after taxes feel this, like most financial advice, won't help them. Add to this exploding housing costs, mandatory insurance premiums now, and college loans and that tiny savings burns up quickly.
Too many YT financial vids are geared to people who already have a decent income. Everybody forgets the rest of the population which is growing.
What you say is true but you do realize many of the bigger youtubers had 40-50K while living on a lot less. It is almost impossible to make high quality stuff without money and those who did not make it are not the ones with the high view counts. Switching career paths is a lot more difficult than people make it seem because ability and skill are both needed.
@@donaldlyons17 Are you saying a lot of YTers had a lot of cash on hand while their living expenses were low? If so, I agree. I watched this vid by this multi-million dollar trader guy around my age. He said he got started when he graduated from high school and got a "gift" from his grandparents of $200K. (!!!) So he invested it in real estate and began a real estate company. Most of us don't have anyone to give us $200K to start.
And a lot of these young people my age or younger started when they were living at home and had very low expenses. They could save $500-$1K each month and afford to invest and lose and invest again. That's not the typical US adult.
You're also right that switching careers is expensive. If you're living off parents, then you can do it b/c THEY will pay for your survival needs. Again, not most American adults.
Just brilliant Vincent! I’m gonna add watching your videos to my daily to do list. Till this day, I’m puzzled as to why money management is not one of the core subjects in school.
Otherwise the super rich would have a smaller share of the worlds wealth, the education system is a scam to keep you poor.
Because society wants you to spend spend spend and your trained to work for other people in school, not yourself.
Because US schooling system was funded massively by Rockefeller, who aimed to make employees rather than free thinkers
Liberals teach consumerism and individuality while giving you only the tools to work for someone else. If all these kids could manage their money, who's going to make your McDonalds?
i save between 1000-3000 a month depending on overtime im 22 and work in warehouses
My parents always taught me to live below my means. It was hard when I was younger, because I always wanted the nicest things or coolest clothes. But now that I am in my late 30s, it doesn’t really seem to bother me anymore.
Me too
Thank you, from the bottom of my bank account… This is probably the most valuable video I have seen on the subject and believe me I have been watching a lot of them lately.… I have been doing guided automation without knowing what it has been called all of my life mostly, trying to budget was simply impossible in the sense of tracking and spreadsheets because real life doesn’t follow those. my common sense and intuition has always told me that holding onto investments and riding the waves of ups and downs was the logical thing to do. i’m getting started very late in life, but I believe it is doable and I’m also starting with a lot of debt. My income options are limited because I have a severe disability… And I know the odds are against me but I still believe it’s possible and your video was very encouraging :-)
*another insightful vid, you have def helped me a lot on the financial freedom journey!*
Thanks so much for this content
I love your videos... Very good and informative content... Thank you.
The production of this video is absolutely amazing. Kudos to you and the team Vincent!
The principle of the video is a simple one, but the way you tie in a story and make it understandable and very enjoyable to watch doesn’t go unnoticed. 10/10
Yeah, and his commercials in between, you sheep.
@@corporatemcmahon2815 Why you out here people calling sheep bro that's cringy lmfao.
@@MiisoLobo Did the reality hurt your lefty fee fees 😂 Meeeeehhhh Meeeeeeehhhhh Meeeeeehhhhhh. Sheep
@@corporatemcmahon2815 Get adblock extensions. I use ublock and adblock. I havent seen an ad on youtube in years.
wtf u talking abt
Awesome!!! Very informative :)
Such usefull advice, unfortunately I don't have any cash flow lol
Budgeting has helped me get out of debt and have a plan for my income. I'm now saving & investing. Every dollar needs a job.
The best way to think of it
Thanks for explaining, great to see that I'm on the right way to be a millionaire! Now, make it happen :)
Thank you for your advice. Great. Thank you.
I don’t budget at all but I do only tend to buy necessities and I always try to find the best or atleast a good deal when shopping for them. Buying generic brands, etc. I have a spending problem but my most powerful implementation is that I only buy assets or collector’s items that I’ve researched and I’ve determined will hold or potentially go up in value. This satisfies both my impulsive buying habits AND investing
Great video, so many concepts I’ve learned in books compacted into one video! So much value!!
thanks so much for watching :)
Once again, that was awesome. Loved the references, especially the books used along with the breakdowns. You provided clear and goal oriented details! Thanks Vin! 🙏🏾👍🏾💯
thank you erwin! that means a lot :)
Always producing bangers 🔥
Thanks for this video.
I shall use this and will try the other concepts on how to use this 4% rule. This is very useful for me now that I am planning and starting to have my retirement plan at an early age. Start early so I can finish early. Thank you for this.
Here's what I do. I zeroed out my credit card so I didn't owe anything. Whenever I need to buy something it goes on the credit card and it's always paid off at the end. Every dollar afterward is invested. Took 3 years to saved a lil more than 100k
You still have to make the CC PAYMENT HOW ARE YOU MAKING MONEY OFF CREDIT?
@@redmen4real08I don't make money off credit? I pay it off at the end of the month and anything unspent gets invested
@@redmen4real08 cash back rewards
This is a good idea. I only have one credit card that I never max out but I don’t need to pay the balance off. I also think I should look at my account for subscriptions some of them are not needed but I don’t cancel them.
I love how you connect your videos cuz now I’m on the 3rd one😎 which I have already seen this one
Another excellent video ...good info
compound interest is awesome | Also swag way of putting the like button in our horizon
Thank you 👍
Saving is only really good for short term purchases. Investing in the stock market can be tricky for new investors as the stock market can be temperamental and volatile. Even old time stock market investors can have a huge loss. Mutual funds are a more secure route to go and starting on the S&P 500 with $500 down and $125 a month can get you $2000 on the mutual fund each year. - Making a budget, paying off debt and knowing when your paychecks come in and when your expenses (And how much) go out each month is also very crucial. The more debt you pay off, the more of your money is not going to someone else and staying in your pocket. - Also, look into Mutual Funds that pay dividends. If you have enough money in those, you can live off the interest.
The answer is you can't. Basically if you are 20 and making 10 an hour you will not be a millionaire in 20 years. You will most likely not be one in 20 years after your 40th either. You have to make at least like 17 and up. Or get paid a better salary. 500 a week or more take home. If you don't make that, you will not become a millionaire.
I always found the idea of using spreadsheets very time consuming and unnecessary. I just dump a bunch of money into my savings/investment accounts each month and keep my spending money in a separate account and try to spend as little as possible.
I don’t have a full time job, I’m just self-employed with various income streams and and regardless of how much I make each month I stick to the same budget and live below my means.
Agreeed
Same here. I don't budget. My friends budget each week because they get pay biweekly. Been telling them to increase their incomes, not let the income control them. They cannot get out of their comfort zone.
Nice video saludos desde monterrey , hi from Monterrey 🇲🇽
Yeah, on average, regardless of whether its up or down, its best to just invest in an index fund as much as you can for as long as possible, or some rare earth mineral like gold or silver (basically the easiest to obtain and dispose of). The average return rate has always been above 5%, and its almost always outperforms everyone in the long run. This is especially so if you are young. However, if you are older, you may have to think about less risky ones like government bonds or something. If you are in your 30's to 40's, then index funds are your best bet.
My income flow is $1900.00. My cash flow is $1000....I'm a janitor too and I'm investing🙏 and I budget too. I allocate where my money will go every 4 weeks (almost monthly): X% for bills and living, X% for short-term savings, X% for long term investments, and X% for ROTH IRA.....the percentages are always the same.
Open a brokerage account and invest in dividend stocks check out Ashley fox
Your videos are art 💗
Manage money, do not let it damage you. ✌🏾
And set goals for yourself! I just set one!
Nice lessons. 👍
Just goes to show that truly anyone can build long term wealth. Great video, Vincent! I enjoy talking about personal finance on my channel as well.
Upstart helped me pay off my debt. It was hefty per month rate, but it was worth it. I am debt-free. Now I am trying to figure out how to invest. Thank you for this video.
Insane production!
Great video. I am most interested in the chess story and would like more information on it as it will be a reoccurring bedtime story for my kids. May you please tell me which emperor or dynasty it was? Thanks in advance.
I have a system that helps me save money and also keeps me from buying things I don't need. I started by saving $5000. If I wanted to buy something big I would use the money out of that $5000 and I couldn't buy anything else until I payed that money back. I have more now but it really kept me grounded and helped me save alot of money without spending foolishly. I now invest my money with the money I dont spend.
5 k is a lot. You do a major slip up and 5k is down the drain
@@oblitusunum69795k is nothing in the grand scheme of things. You should have at least half of your yearly income in savings for emergency plus whatever you’ve allocated in the stock market. If you fear putting more than 5k into the market you will never be financially free.
Good content bruh!
Your teachings are helpfull to a certain degree...
Problem is Im a disabled veteran on disability
and my options for savin is limited because of the SSA rules regardin assets.
You got anything for that kinda situation ???
Wonderful, commenting for the algorithm.
Thank you
In a perfect world you might be right. There is inflation, covid, recessions, accidents, fires, taxes, health issues, maintenance, etc. you get the point. Besides, the economy and the markets are controlled. Don't save money in a bank that has 4 percent liquidly. You'll have to pay taxes on that earned income. Millionaires don't pay income tax because they reinvest.
how do you not pay taxes?
@@liamk9906 be a rich person
@@liamk9906 Own a business or dump all your income into a tax incentived investment like a home.
@@robyhartland852 explain please?
Thanks!
Money is just a concept until you spend it. 8 million in the bank doesn’t do anybody any good until you spend it. Especially if you die with it still in the bank and nobody knows about it.
He donated it to local hospitals and schools I believe
Yeah, what’s the point of working hard for all of your life for something you will never use
I’m not saying we should live paycheck to paycheck, but being afraid to use even a single cent is not good either, there should be a decent balance
Actually, if you park 8 million into mutual funds that pay dividends, you can keep the 8 million in the bank and live off the interest from the dividend fund. I'm teaching my kids the theory of that lesson so if I get to that point where I can get my own dividend mutual fund and then get enough in there to cover my expenses, and more, when i depart this world, my wife and kids can split that money and re-invest it into their own Dividend fund, thus creating generational wealth. ...at least that's a plan.
Money isn't real in general it's people who make it valuable.
@@Dakidpepe You are right. Look at the Russian Ruble in the 1960`s (and possibly today too!)
So blessed to have found you. I genuinely appreciate your insight and selflessness to help humanity in an important way☀🌎👍 Thank you. Great information
10:40 if you get the idea of interest...
now why no body speaks about inflation??
i believe , inflation is happen every months and years
how much money the central bank printed in their first operation..and if it get inflation (it always does)
what would it be in 200 years?? 300 years??
i am still wondering why no body care of it
Thanks for sharing this Vincent.
There’s no point in being a millionaire when your old, you’ve got a couple of years to live, it’s best to live your youth to the fullest now, spend & enjoy while your young.
I agree but you can do both if your smart
Yea but there is nothing worst than not having any money when you are old since you can't work, you are sick all the time, you have to see doctors all the time and you have to worry about where to live and how to eat and how to heat your home. Not a good situation to be in. Yes ideally we're all millionaires in our early 20s but it doesn't work that way in most cases!
This was a lovely illustration except student loans is kicking my ass
Great content! You spelled million wrong on thumbnail though!
Vincent, you theeee man!!!! I never miss a video, as your content has taught me so much. Quite simple and understandable to all. Keep it up. Thx!
wow, thank for your shared
buy the dip!best formula
Real inflation is about 10-13% so every year you would need to increase your savings rate by that amount.
Why is it that people making videos forget about infraction when that effects purchasing power.
THIS IS GOLD!
Stuff this method. It would be good if you’re doing solely for your kids and their futures
My budgeting Excel spreadsheet is quite simple and is updated once a month. The columns are just:
Date | Savings | Investments | Total
I don't pay too much attention to how my net worth tracks on a monthly period, but over the course of the long run, it should go up. If it doesn't, something's wrong.
Awesome video 🔥
I turn 18 next month and i’m very excited to start investing. I been watching videos like these to help me understand more about stocks and stuff. Do you guys have any tips for me?
Dollar cost averaging is the way to go IMO. I buy fractional shares of a few different ETFS each week instead of using a savings account. I still keep enough cash liquid to cover rent for 3 months so I don’t have to sell shares in case I can’t work for some reason or if my business is slow. Hope that helps, it works for me.
Dave Ramsey and Robert Kiyosaki are my fave financial gurus. Read a lot too!
@@TheVapidArtist Yup same
If it's exciting you're probably doing it wrong. Be slow, well planned, and methodical. Don't even think of trying to put more than a paycheck into Bitcoin or penny stocks. But first you should save a $10,000 emergency fund, and then save even more if you are thinking of going to college or buying a house or car, or having a kid.
Vincent, love the videos brother. Always providing alpha and incredible value to us with quality videos. Appreciate you tremendously.
thank you sid! always appreciate you man
Try upping the contrast a bit. Video is super clean but kinda washed out.
Great financial advice as always
Thanks for the reality check. I was slipping for a minute after getting a better paying job.
Got to get back onto my side hustles.
Regarding "You can't time the market":
1. That depends on who the "you" is.
2. The janitor didn't have access to data and technology that we do now.
This was timed perfectly with where I’m at in my financial journey. Your videos help so much in developing a higher level of financial literacy.
thanks so much joshua im glad i was able to help :)
I had the same thought as I watched, THANK YOU 🙏🏼
Great video! Thank you!
You can never time the market, however you can reallocate your wealth based on the macro cycle
Hello , you are amazing... I love all your videos
Lol wow rich dad poor dad but 2022. Good for you and gold for the people this helps! I recommend speaking with financial advisors even though they charge a hefty price. You may find a new door has opened by the time your done working with one.
Great Video! 👍
Not budgeting and not tracking has worked for me as well.
I wish I could invest... But because I get some benefits I have to save in cash instead
Hopefully soon I'll have enough money saved up to be able to take a leap into starting my own business and start investing!
Any tips, hints, tricks, or suggestions for those of us working rural poor making 900-$1000/ month? (No moving isn't an option. no money=no move and the pandemic didn't exactly make housing more affordable or available (and Michigan is mostly rural-ish with the exception of the bottom part of the state). I live hundreds of miles away from the nearest populated city of only 25,000 people so I'm trying to find alternative solutions to increase my earnings in my tiny town of 831 people. And at 44 with a back problem (from a sledding accident as a kid) there are a lot of menial labor jobs I physically cannot do and apparently my bachelor's degree means nothing. I love your videos. They're thoughtful and articulate. Thanks for all the great videos!
Ecom is your best friend
Digital skills > freelance online jobs
thanks so much lynsey! definitely check out some gigs you can pick up online. i have a few videos on this that you can check out
Tax lien certificates
You forgot to add an end screen!
"Time IN the market is far more important than trying to TIME the market! "
This 💯 Also, the more consistent we are with our investing, the more we are likely to be reaping big returns compared to those who failed to make the first move.
Can u make a tutorial video on how to use moomoo pls
Stocks
Also theres 1000s jobs not paying anywhere near $5k a month … avg income between. 2-3.5k monthly ..
i work on 2 engineering job, and save 80% of take home income, and invest. I become millionaire when I was 30
And this sums it up. You save and use the idea of compounding interest. Get a side income. Invest wisely.
wage salary
Have a variety of stocks investments on reputable and established companies, every quarter (or semester or year) sell a portion of the ones that made money and buy some more of the ones that went down in value, and do that for years. Voilà