I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are many countries , including mine, where 100 k will never snowball because you have to pay taxes on capital gains. So it’s more like a snow flake here
The campaign shenanigans from both the red party and blue party is exactly what is stirring up this market panic. I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now.
the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
While the mrkt may seem unpredictable, it's actually full of opportunities for those who understand it. If you're not a seasoned invstor, a simple strategy is to invst in established companies with a strong track record of earnings and hold onto them for the long haul. Alternatively, consider seeking advice from financial experts on (ETFs) and actively managed funds. Personally, I've seen a remarkable 4 1 8 % growth in just one yr under the guidance of a fin advisr.
There are many independent advisors to choose from. But I work with monica Mary strigle and we've been working together for almost four years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
I just have to applaud your content, well done. I remember having a consultation with a trade analyst last August, and it was incredibly insightful, at least $50k---$300k profits. Can't stress enough how helpful experts in this field are!
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usuall happen when you invest without proper guidance. I'm speaking from experience.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
I stopped listening and taking financial advise from these TH-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, 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.
Elisse Laparche Ewing 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.
sadly enough 99% of the population dont wanna do it the slow way or has not enough to do it as they would rather spend it on expensive sht or just dont wanna do it
Because the first $100K generally would be at the lowest point of your income stream and bills get paid before investing. I'm just getting tired of ridding a roller coaster for past 30 years. Getting to the point in my life where I go safe and put it on auto pilot. Country is a mess from a very corrupt government right now and markets are overpriced.
@@jimbobjim2310 it typically takes longer to go from $100,000 to $1 million when this was first said $100k was almost what $1million is today you could have bought a brand new 4 bedroom house for $100k. Now that is $800k to $1 million. $1 million to $10 million is easier than $100k to $1 million
This is totally true. My investments was at 100k mark about 4 years ago? I'm at 320k now. Networth at 930k. So close! Except I think with the 10 - 2 yield poised to unwind and I think there will be a recession soon. Maybe I'll see my networth him 1m soon and go down 30 percent for a bit.😂😂😂😂😂 that's okay... I'll just invest more at a discount. Also as a tidbit compounding works on knowledge as well.
Personally, I'm not here to drop anyones name. I'm here to promote YOU. My Dad died at 54 of a massive heart attack, I thought for sure that'd be my fate too, so I saved nothing, invested nothing, and made no plans to be around. Sadly, I'm as healthy as a horse, so began investing/saving/giving a damn about my future when i was 54. That was 3 years ago..I'm at 80k now..and did it by myself, you can too, you just have to decide to do it. I've made lots of mistakes, learned a lot, and changed my mantra many times, but I DID NOT QUIT! The lessons I've learned will make the rest of my journey much easier from here. When I retire in 6 years (or less!) I'll be the most important type of millionaire there is: A self-made one. I'm doing it, you can too. It's never too late to begin. Good luck, everyone. Great video!
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Grace Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Do not buy things that you do not need, invest in you(education) and save as much as you can. I started already the $100,000, however, I am not being paid 10% but 7.5% annually but taxes10%. But it works.
Well Mr. Buffet….. I am 50 and my wife is 52 and we were both able to finally hit the $100,000 mark in each of our investments this year. We also paid off our home last year. We want to retire at 60 and I hope like hell we can because although these savings are crap to most people…. it was extremely difficult to save for us.
@@kenchua829 Thank you. My wife also has $100,000 saved this year and she is 52… so it helps. Now that our mortgage is paid off, we plan to sock away $20 - $30,000/year till we hit 60 years of age. Including the value of our home…. it should give us 1.2 mill by age 60 if my calculations are correct. Possibly a bit more. We don’t have kids so we want to spend our last dollar while on our deathbeds. Lol
It's not about what the $100,000 is worth now. it's rather about having it first. From there, it becomes easy to make another 100,000k because of the doubling effects of the hundred you have... inflation is important to factor in but the topic of discussion right now is the journey to a million.
When you start your new job when your 22, contribute to your 401(k) at the maximum contribution rate, get the company match and invest all of it in the S&P 500. Don’t ever look at it again in 20 years you will have over $1 million.
@Vazzini42 large recessions don't come often (30% or greater), small ones (10 - 15% corrections sure, every few yrs). It doesn't matter, not an excuse, and the constant BULL Market soon returns. Ask yourself this.... has the stock market, since its inception, ever gone back to ZERO.....from which it started ? it has not... perhaps during the periodic ruff yrs, you might need to devise a plan short term (1-3 yrs). But just like in the yrs between 2008 - 2011 or so, all balances either recovered in full and, in most cases, exceeded their original balances. Stop wasting time, stop making excuses, and get in the game.
Simple advice: invest in an ETF that mimics the S&P 500 with a low expense ratio, find a company that allows you to buy fractional shares, reinvest the dividends, and set a monthly or biweekly amount you can afford to invest. Good luck. As you age add in an ETF like a total bond fund, to help with down periods of the S&P 500.
Yep - you get it LONG TERM in the US stock market. Don't trust a TH-cam comment, go look it up yourself on the Google machine. S&P 500 index fund, with dividends reinvested, should be the cornerstone of the average person's nest egg.
I hit 100k last year and now I’m at 132k. It’s in an accessible 5% high-yield account. Perhaps I’ll put it into the S&P 500. My income increased when I got divorced. Even though her income is no longer part of my income; I’ve been able to save more. It’s crazy how date-nights; traveling to eat turkey or to exchange presents or watch a wedding can add up. I’m able to save 1/2 of my paycheck.
Our peak era has passed, with 401(k)s struggling during the recession. My $750K retirement portfolio is shrinking due to inflation, and I fear our leaders are repeating the mistakes of the past. If rising costs worry you about your retirement, I empathize. The American elections are bringing uncertainty with chaotic foreign policies, regulations, and energy strategies.
For retirees and those nearing retirement, it's especially tough. Years of hard work lost to a problem beyond your control-I sympathize with all facing retirement now.
Diversification is key in situations like this. Consulting with a finance professional and diversifying into high-performing options can yield significant dividends and balance volatility. My $330k portfolio grew by 85% in 3 years using this strategy.
I just turned 62 and retired now. I live a simple style. I can live off my military pension my ssn check is all savings and I have 32 k in stocks I use out of the money call options. It can be done I hope to leave my brother. 5 million in 20 years when I kick the bucket
If I had $100,000 right now, I can easily build more than $500,000 in housing on my land. Then, I could just borrow against 1 of the homes to get to a million dollars.
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Easier said than done, my wife and me had $130,000 in the bank after saving for 7 years, at 32 we bought our first house cash which is great but we were back to zero. At 37 now, we haven't been able to save much since 2019.
I’m currently 30 years old, have 85k in my 457 and 41k cash in my savings account. No debts, I’m continuing to save; but don’t really know what to do with the money. I don’t plan on touching my 457 till retirement.
What we need is a money education so that we don't have to learn about money the hard way after much time has gone by. Teach your children well. Be honest. Don't fool yourself or your children.
It's hard to teach & learn these lessons while young. I talk to my young family members all the time, but I'm 53, and not enticed with shopping of any kind, anymore. So I can save plenty, including the IRS allowed plus up for those over 50. But would I have even bothered 25 yrs ago ? 30 yrs ago? Financial literary is 100% important, I understand now how much so. But I also understand spending makes up a very large part of the economy, and somebody has to do that spending, in order for those who invest to earn interest.
I've reached 72k$ at the age 24 , 28 more to go and I might touch 100k$ by the end of this year as I'm all invested in India's fastest growing economy. After that I'll open a whiskey and declare my retirement
I don't think its so much "compound interest" (though, obviously, that does not hurt). Rather, it is the work ethic, discipline and focus you need to amass a nest egg of $100K. If you can do that, especially before 35, then getting to $1M or more should be a piece of cake. Most people will blow money on stuff they don't need (much of it stupid) once they feel like they have enough. The other thing is that compound interest mostly applies to savings. if you really want to grow your money, you need to look for better vehicles than just CD interest.
I have lots of friends who make half what I do, yet spend more than me.. I just don't understand why people buy big trucks, boats, etc. most of the time it's just an immediate loss and lots of the time they just live pay check to paycheck, literally having less than 100$ in their bank account at times. They get into debt for temporary quality of life and barely save anything other than a couple percent in their 401ks, if that.
I hit 100k at 29, hit 200k at 31. If I can hit 500k at 35 then I should be able to just financially coast and spend all my income until 50 and then retire with about 2MM. But I'd probably want to save more so I can finance building my own super car in retirement.
@@MAOLALAIDHyou have to be willing to do the work to educate yourself, on how to do it. Poor people and most middle class, don’t. They sit around and say things like, “Maybe for you.”
10% rate of return every year, for 30-40 years??? How about make a video about how to get a 10% return in one year, one time, ever. Wow, compounding works great when you just throw in an unrealistic annual growth rate. Also, enjoy all that money when you are 75, after the first joyless 75 years, maybe you can enjoy the last 5.
Also, if Buffett needed $100k 30 years ago, and it’s worth $1M now, you’d have to start with $1M today to compound it into anything useful 30 years from now. Otherwise you’ll have $1M saved up when you are 75 and rent at your nursing home will be just about $1M per year. Funny how that works. Now if only they could sub-standardize healthcare encouraging people to die off a little earlier, they could even save all that backend expense as well. Funny how that works out.
Not difficult to get a 10% return over a long period of time. Simply invest in an SandP 500 index fund. This is Buffet’s classic advice to the average person. The S&P has returned an average of 10 percent over its entire history. After 20 or 30 years invested in that index, you are almost sure to make a 10 percent return
thanks for your effort, indeed I see this video twice, and still dont fully understand what is the relevance between importance of 1st 100k and example you give out about Richard and William? The take from their story is who get longer run will have longer time for compounding and eventually better results, if 2 person start with a base let's say 20k, the proportional difference between them assuming same return and same period, will also be the same. Why there is a number of 100k here? Or maybe I miss sth?
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Uhhh no. You become the prisoner of money then. There needs to be a balance. But waiting until 70 and never spending or giving that built up money is also not the way.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
I get it, compound interest really makes 100k take off....but how do I benefit from this wealth that I'm creating NOW, and not until I retire. I don't want to save every penny to only be a millionaire when I'm old. What's the point in that
First ask yourself where you are willing to cutback in your standards of living, to maximize your financial resources. This is the very first step. While doing that, begin educating yourself on different kinds of dividend issuing investments. You have to begin by learning to maximize your current income. If this means living in your car or with two roommates, so be it. If you aren’t willing to make any of the sacrifices now, to jumpstart things, then the odds of you accumulating any meaningful wealth to deploy later, is unlikely. And undeserved. Wealthy people can often come across as “cheap”, because of the habits they formed long before they become wealthy.
@Jacked2theTs I concur. If I were to do life again, I'd no nothing but work (60 hrs a week min) for a solid 10 yrs, or until bout my early 30's. I'd save /invest 50 % plus of all income during that time. After those 10 yrs, I'd probably have bout $450k stashed away. I could just live a normal life then, and wouldn't have to invest another dime. The power of 72 would make me a fairly wealthy person before I turned 50 ish $1.7 - 1.8 mil min. So it's not a lifetime, it's about a solid 10 yrs of nothing but working and saving.
@@Jacked2theTs yea I get all of that, I'm not opposed to saving everything for a certain amount of time to start creating wealth. What I do oppose is saving every single penny until I retire.
You said:Warren Buffet red tens of thousands of book!!!! If you read 3 books a month which is alot of reading while you're working hard to become reach, in one year you can read 36 books which in 10 years will be 360 books and in 100 year it will be 3600 books, now Warren Buffet must be about 1000 years old to have red tens of thousands books!!!!!!!!?????? It's a very simple math, isn't it?🧐🤥🤨🤫
Great video. But over 27 years, $4.5M has a purchasing power of $1.66M assuming an average rate of inflation of 2.7%. $1.66M is nothing to sneeze at, but it isn't "FU" money so to speak.
I've heard the stock market often does well during election years. I recently inherited a lump sum and want to invest it wisely to take advantage of this potential upswing. Do you have any tips or strategies?
A good portfolio should have three basic things: ETFs for diversification, dividend stocks for cash flow, and leading tech stocks. When starting especially with a lump sum, it's a good idea to talk to a fiduciary advisor for expert advice.
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Melissa Elise Robinson" I've worked with her for 6 years and highly recommend her. Check if she meets your criteria.
I don't normally make comments but saying that is easier to get to a million than 100 k it's just stupid. Specially if you have a a low average income and you had 500 pounds every month to invest. How can those 6000 thousand a year compound quicker after 100 thousand?
I understand the premise, but when you say it like it's harder to hit 100k than 1 mil.. It sounds kinda stupid, because to hit a million you also need to hit 100k first.
Took me bout 9 yrs to reach the 1st $100k mark. But only bout another 4 yrs to reach $200k. The 1st $100k took the longest to reach, therefore was hardest to achieve.
@chriso6042 perhaps the terms faster, quicker, and harder are all appropriate in these scenarios. I can't speak for others, but the 1st $100k took the longest since the growth/returns seemed minimal. Every $100k increment after that takes a much shorter time, considering the compounding. For me, 9 yrs to 100k, but only 4 yrs for the next 100k. Collectively, it's 13 yrs total, but each 100k after the 1st is considerably shorter since returns are assisting. Hence, getting to 1 mil won't be as tough. I haven't reached 1 mil yet lol, not sure I even need to. I also think what's at play here is reaching the 1st 100k for whatever length that takes a person, it requires more focus and determination due to the longer duration to that milestone. Saving for 9, 10, 12, etc yrs to get there is a long time. But to go from 100k to 200k was a quicker, easier, etc. Suppose it's all relative, but if a person stays the course, the 1 mil mark will be eclipsed, then 1.5 mil, then 2 mil, etc.
@@XOPOIIIO Yep I agree with XOPOIIIO, Your voice is good which makes listening smooth. But the content is same stuff recycled. Once your subscriber base pass the basic mark, it is redundant to listen to you. Your content should also mature as your personal experince evolves, which makes the our connection to creator special. @InvestorCenter
All common sense stuff is basic. Application is not. 99% percent of financial knowledge you need to know are simple. It's the thought that finance needs to be complicated that screw people actuality. My advice is to keep it basic and simple. Life is too crazy to keep finances complicated, which is the thing that screw people.
So without watching this video, Richard cannot go to path of financial freedom. In that case, I am sure Richard will be distracted with another video and he will lose all his money anyhow 😂. My take away: Never invest something based on videos...
📚📚📚Download an EXCLUSIVE list of books Warren Buffett has recommended here: thecompoundersclub.ck.page/670e5f4087
Only 99,000 dollars to go!
Making progress!
😂
😅😅😅😊
🤣🤣🤣
😂
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Instagrams, using the user name
FXBROOKE7 💯.. that's it
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
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.
There are many countries , including mine, where 100 k will never snowball because you have to pay taxes on capital gains. So it’s more like a snow flake here
every extra 0 gives a big boost to the compounding. Investing is an exponential and not a simple line
@@Johnsormaniyes but that’s only if you sell? Do you have to pay taxes on unrealized gains?
The campaign shenanigans from both the red party and blue party is exactly what is stirring up this market panic. I have a little over 250k i wanted to put in the markets but I don’t know what direction to head now.
the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Glad to have stumbled on this conversation. Please can you leave the info of your lnvestment advlsor here? I'm in dire need for one.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Invest in real estate, ETfs and high-yield savings account.
Just buy Gold and protect your assets, the stock market is a rollercoaster.
While the mrkt may seem unpredictable, it's actually full of opportunities for those who understand it. If you're not a seasoned invstor, a simple strategy is to invst in established companies with a strong track record of earnings and hold onto them for the long haul. Alternatively, consider seeking advice from financial experts on (ETFs) and actively managed funds. Personally, I've seen a remarkable 4 1 8 % growth in just one yr under the guidance of a fin advisr.
how do I get one and interview them? Considering your point I won’t want to get into a bubble. Can you recommend any?
There are many independent advisors to choose from. But I work with monica Mary strigle and we've been working together for almost four years and she's fantastic. You could check her if she meets your requirements. Just research the name. You’d find necessary details to work with
I just have to applaud your content, well done. I remember having a consultation with a trade analyst last August, and it was incredibly insightful, at least $50k---$300k profits. Can't stress enough how helpful experts in this field are!
Please how do i go about it, am still a newbie on investment trading and how can I make profit?
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usuall happen when you invest without proper guidance. I'm speaking from experience.
think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Sylvia Geoffery. High recommended
Wow, I'm surprised to see Geoffery mentioned here as well. I didn't know she had been kind to so many people
I thought myself and my family were the only ones enjoying Sylvia trade benefits
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
I stopped listening and taking financial advise from these TH-camrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, 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.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Only 43k to go!
@@thatdividendguy 💰
Funny how the more money you have the easier it is to make it. Get rich enough and interest alone can keep you living comfortable.
This is 100% the truth. Money makes money. 👌
sadly enough 99% of the population dont wanna do it the slow way or has not enough to do it as they would rather spend it on expensive sht or just dont wanna do it
Hit 61k at 29 🎉🎉🎉🎉🎉🎉
How so? Im 24 and lookin to start now
@@Poetic_Utopia 401k with my job for 7 years ccontributed 18% for 3 years straight
The first $100k was a lot easier than going from $100k to $1million I don’t know why people say this.
It may take longer, but you don’t have to sacrifice as much due to the compounding effects from the $100k.
@@socalboogie1099the compounding effects of $100k are not a lot. I think when he said this $100k was the average price of a home. Now it’s over $400k.
Not true. 0 to $100k is the hardest
Because the first $100K generally would be at the lowest point of your income stream and bills get paid before investing.
I'm just getting tired of ridding a roller coaster for past 30 years. Getting to the point in my life where I go safe and put it on auto pilot.
Country is a mess from a very corrupt government right now and markets are overpriced.
@@jimbobjim2310 it typically takes longer to go from $100,000 to $1 million when this was first said $100k was almost what $1million is today you could have bought a brand new 4 bedroom house for $100k. Now that is $800k to $1 million.
$1 million to $10 million is easier than $100k to $1 million
This is totally true. My investments was at 100k mark about 4 years ago? I'm at 320k now. Networth at 930k. So close! Except I think with the 10 - 2 yield poised to unwind and I think there will be a recession soon. Maybe I'll see my networth him 1m soon and go down 30 percent for a bit.😂😂😂😂😂 that's okay... I'll just invest more at a discount. Also as a tidbit compounding works on knowledge as well.
Congrats! I'm just at 100k. Good to hear a point of reference where that can potentially be in next 5 yrs.
Personally, I'm not here to drop anyones name. I'm here to promote YOU. My Dad died at 54 of a massive heart attack, I thought for sure that'd be my fate too, so I saved nothing, invested nothing, and made no plans to be around. Sadly, I'm as healthy as a horse, so began investing/saving/giving a damn about my future when i was 54. That was 3 years ago..I'm at 80k now..and did it by myself, you can too, you just have to decide to do it. I've made lots of mistakes, learned a lot, and changed my mantra many times, but I DID NOT QUIT! The lessons I've learned will make the rest of my journey much easier from here. When I retire in 6 years (or less!) I'll be the most important type of millionaire there is: A self-made one. I'm doing it, you can too. It's never too late to begin. Good luck, everyone. Great video!
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Grace Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Take it in smaller steps...5,000, 10,000, 50,000, 75,000, then 100,000.
Do not buy things that you do not need, invest in you(education) and save as much as you can. I started already the $100,000, however, I am not being paid 10% but 7.5% annually but taxes10%. But it works.
Where can you get 10 percent compounding interest? Stocks don't compound, & I haven't seen a savings apy that high ever.
20k to go. 22 yo active duty, we can do it boys!
Years and years up and down and hard work Lord Bless me and my family .😊
Well Mr. Buffet….. I am 50 and my wife is 52 and we were both able to finally hit the $100,000 mark in each of our investments this year. We also paid off our home last year. We want to retire at 60 and I hope like hell we can because although these savings are crap to most people…. it was extremely difficult to save for us.
Well done. Just keep going. Though I hit my 100k at 42. It is indeed a figure where growth start to pick up. Do not give up and try your best 👏👏
@@kenchua829 Thank you. My wife also has $100,000 saved this year and she is 52… so it helps. Now that our mortgage is paid off, we plan to sock away $20 - $30,000/year till we hit 60 years of age. Including the value of our home…. it should give us 1.2 mill by age 60 if my calculations are correct. Possibly a bit more. We don’t have kids so we want to spend our last dollar while on our deathbeds. Lol
He is talking about 100k in his (Buffets) young adult days so 1960-1970, inflation adjusted that number is closer to 800k
Best comment 🎉
I find it funny how this is NEVER brought up lol.
It's not about what the $100,000 is worth now. it's rather about having it first. From there, it becomes easy to make another 100,000k because of the doubling effects of the hundred you have... inflation is important to factor in but the topic of discussion right now is the journey to a million.
No, he’s not. The point is that at 100k you get enough momentum to really start to build wealth
@@InvestorCenterwe heard you loud and clear. Great content. Spare your energy
When you start your new job when your 22, contribute to your 401(k) at the maximum contribution rate, get the company match and invest all of it in the S&P 500. Don’t ever look at it again in 20 years you will have over $1 million.
This⬆. My wife and I have worked in the same grocery store for 25 years. We don't make a lot but followed this approach and now are near $1 million.
And 💯 % in stock while you're investing. Let it ride.
Great plan until you have 2 massive recessions and student loan debt.
@Vazzini42 large recessions don't come often (30% or greater), small ones (10 - 15% corrections sure, every few yrs). It doesn't matter, not an excuse, and the constant BULL Market soon returns. Ask yourself this.... has the stock market, since its inception, ever gone back to ZERO.....from which it started ? it has not... perhaps during the periodic ruff yrs, you might need to devise a plan short term (1-3 yrs). But just like in the yrs between 2008 - 2011 or so, all balances either recovered in full and, in most cases, exceeded their original balances.
Stop wasting time, stop making excuses, and get in the game.
Where can I get a 10% return on my money like in this video?
Should 200k be the goal now with the current inflationary environment?
Keep beating the learning curve.
Simple advice: invest in an ETF that mimics the S&P 500 with a low expense ratio, find a company that allows you to buy fractional shares, reinvest the dividends, and set a monthly or biweekly amount you can afford to invest. Good luck. As you age add in an ETF like a total bond fund, to help with down periods of the S&P 500.
47k away...☝️
Hi
Only $30,000 to go😪
I would say yes hitting 100k or a million is probably the hardest to be done, but worth it every day. You won’t ever have to repeat it!
Thx I just achieved $750,000,000 just looking for that 10% interest rate -
and where do you get consistent 10% rate per year ?
@@cagu007 that’s the long term historical average of the US stock market. It fluctuates. Some years more, some years much less
Yep - you get it LONG TERM in the US stock market. Don't trust a TH-cam comment, go look it up yourself on the Google machine. S&P 500 index fund, with dividends reinvested, should be the cornerstone of the average person's nest egg.
Nice. Now I just need to go back in time 15 years to invest that 100k and I’ll be set.
And how does Richard save to buy a car, a home, wedding, college, etc all before 30, while having 100k in investments?
I hit 100k last year and now I’m at 132k. It’s in an accessible 5% high-yield account. Perhaps I’ll put it into the S&P 500.
My income increased when I got divorced. Even though her income is no longer part of my income; I’ve been able to save more.
It’s crazy how date-nights; traveling to eat turkey or to exchange presents or watch a wedding can add up. I’m able to save 1/2 of my paycheck.
What account do you have?
@@werebackGBO
CIT Bank
I keep moving my money in cds, not the best interest rates but my money is getting bigger
Our peak era has passed, with 401(k)s struggling during the recession. My $750K retirement portfolio is shrinking due to inflation, and I fear our leaders are repeating the mistakes of the past. If rising costs worry you about your retirement, I empathize. The American elections are bringing uncertainty with chaotic foreign policies, regulations, and energy strategies.
For retirees and those nearing retirement, it's especially tough. Years of hard work lost to a problem beyond your control-I sympathize with all facing retirement now.
Diversification is key in situations like this. Consulting with a finance professional and diversifying into high-performing options can yield significant dividends and balance volatility. My $330k portfolio grew by 85% in 3 years using this strategy.
I agree.
I just turned 62 and retired now. I live a simple style. I can live off my military pension my ssn check is all savings and I have 32 k in stocks I use out of the money call options. It can be done I hope to leave my brother. 5 million in 20 years when I kick the bucket
Great content.
All well and good but were do you get 10%???
Idk bout that i banked my 1st 100k a while ago but have bin struggling to get up to the 1mil mark
I am not from the US, but where do you get non risk 10% interest??
If I had $100,000 right now, I can easily build more than $500,000 in housing on my land. Then, I could just borrow against 1 of the homes to get to a million dollars.
I STAY TO THE END!
Great video, I've been interested in investing ever since I came across articles of people making up to $150,000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?
I've purchased numerous stocks in individual firms. Because there are so many stocks that will skyrocket in the long run, it is currently safe to buy in on ETF and ride it out. Due to fud, I sold out early, but then retraced my ways and re-invested $350,000 with a financial advisor who manages my account. I received an 82% return last year and will see where it goes this year.
that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.
I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with ?
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details on the web to set up an appointment
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Easier said than done, my wife and me had $130,000 in the bank after saving for 7 years, at 32 we bought our first house cash which is great but we were back to zero. At 37 now, we haven't been able to save much since 2019.
I’m currently 30 years old, have 85k in my 457 and 41k cash in my savings account. No debts, I’m continuing to save; but don’t really know what to do with the money. I don’t plan on touching my 457 till retirement.
The problem is that it is impossible to achieve 10% a year if you invested in the bank. Therefore, you will need to actively manage your investment.
After 40 years 4M is not the same as 4M now because of inflation giving 2% per years 4M after 40 years would have the purchase power of 1.8 M of now.
We are civilized enough to have money exist but not civilized enough to abolish money after discovering the ills of fiat currencies
What we need is a money education so that we don't have to learn about money the hard way after much time has gone by. Teach your children well. Be honest. Don't fool yourself or your children.
It's hard to teach & learn these lessons while young. I talk to my young family members all the time, but I'm 53, and not enticed with shopping of any kind, anymore. So I can save plenty, including the IRS allowed plus up for those over 50. But would I have even bothered 25 yrs ago ? 30 yrs ago? Financial literary is 100% important, I understand now how much so. But I also understand spending makes up a very large part of the economy, and somebody has to do that spending, in order for those who invest to earn interest.
Pinball machines are still a thing. Stern Pinball is still making 2-3 new themes a year.
I've reached 72k$ at the age 24 , 28 more to go and I might touch 100k$ by the end of this year as I'm all invested in India's fastest growing economy. After that I'll open a whiskey and declare my retirement
where are you getting the 10% interest from?
I don't think its so much "compound interest" (though, obviously, that does not hurt). Rather, it is the work ethic, discipline and focus you need to amass a nest egg of $100K. If you can do that, especially before 35, then getting to $1M or more should be a piece of cake. Most people will blow money on stuff they don't need (much of it stupid) once they feel like they have enough. The other thing is that compound interest mostly applies to savings. if you really want to grow your money, you need to look for better vehicles than just CD interest.
I have lots of friends who make half what I do, yet spend more than me..
I just don't understand why people buy big trucks, boats, etc. most of the time it's just an immediate loss and lots of the time they just live pay check to paycheck, literally having less than 100$ in their bank account at times.
They get into debt for temporary quality of life and barely save anything other than a couple percent in their 401ks, if that.
Just check a compounding calculator and see for yourself.
I'd say 100k is a lot easier than 1 mil.
I think the point is that by the time you hit $100k you have both the principle funds and methods to continue. Also discipline.
70
Didn't expect that voice out of Warren. Lol
I hit 100k at 29, hit 200k at 31.
If I can hit 500k at 35 then I should be able to just financially coast and spend all my income until 50 and then retire with about 2MM.
But I'd probably want to save more so I can finance building my own super car in retirement.
100K is peanut in todays world.
for you maybe...
@@MAOLALAIDHyou have to be willing to do the work to educate yourself, on how to do it. Poor people and most middle class, don’t. They sit around and say things like, “Maybe for you.”
It can buy you a nice Porsche 🤙
@@joemon7463 honestly - not after it. ☺️
Waste of money.
@@joemon7463 Porsche! Total waste of money when you have 100k to start with.
Porsche is poor man’s stupid idea to been as rich. 😂
10% rate of return every year, for 30-40 years??? How about make a video about how to get a 10% return in one year, one time, ever. Wow, compounding works great when you just throw in an unrealistic annual growth rate. Also, enjoy all that money when you are 75, after the first joyless 75 years, maybe you can enjoy the last 5.
Also, if Buffett needed $100k 30 years ago, and it’s worth $1M now, you’d have to start with $1M today to compound it into anything useful 30 years from now. Otherwise you’ll have $1M saved up when you are 75 and rent at your nursing home will be just about $1M per year. Funny how that works. Now if only they could sub-standardize healthcare encouraging people to die off a little earlier, they could even save all that backend expense as well. Funny how that works out.
Not difficult to get a 10% return over a long period of time. Simply invest in an SandP 500 index fund. This is Buffet’s classic advice to the average person. The S&P has returned an average of 10 percent over its entire history. After 20 or 30 years invested in that index, you are almost sure to make a 10 percent return
thanks for your effort, indeed I see this video twice, and still dont fully understand what is the relevance between importance of 1st 100k and example you give out about Richard and William? The take from their story is who get longer run will have longer time for compounding and eventually better results, if 2 person start with a base let's say 20k, the proportional difference between them assuming same return and same period, will also be the same. Why there is a number of 100k here? Or maybe I miss sth?
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
How can i reach her, if you don't mind me asking?
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Thank you for putting this out looked--up ABBY JOSEPH COHEN SERVICES, her consuIting page came up at once, she seems highly grounded
I hit $100k in my 457b and it drops and goes up. Doesn’t seem to move much now
Give me my 15 minutes back. Most common sense video ever made.
I guarantee that the first 10k of the 100k are the most difficult
Thankfully if you day trade there are prop firms now that will let you use 100K of their Capital to trade.
Uhhh no. You become the prisoner of money then. There needs to be a balance. But waiting until 70 and never spending or giving that built up money is also not the way.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
I had this hard 100K, could you please tell me how to get this easy 1M
I get it, compound interest really makes 100k take off....but how do I benefit from this wealth that I'm creating NOW, and not until I retire. I don't want to save every penny to only be a millionaire when I'm old. What's the point in that
First ask yourself where you are willing to cutback in your standards of living, to maximize your financial resources. This is the very first step. While doing that, begin educating yourself on different kinds of dividend issuing investments. You have to begin by learning to maximize your current income. If this means living in your car or with two roommates, so be it. If you aren’t willing to make any of the sacrifices now, to jumpstart things, then the odds of you accumulating any meaningful wealth to deploy later, is unlikely. And undeserved. Wealthy people can often come across as “cheap”, because of the habits they formed long before they become wealthy.
@Jacked2theTs I concur. If I were to do life again, I'd no nothing but work (60 hrs a week min) for a solid 10 yrs, or until bout my early 30's. I'd save /invest 50 % plus of all income during that time. After those 10 yrs, I'd probably have bout $450k stashed away. I could just live a normal life then, and wouldn't have to invest another dime. The power of 72 would make me a fairly wealthy person before I turned 50 ish $1.7 - 1.8 mil min. So it's not a lifetime, it's about a solid 10 yrs of nothing but working and saving.
@@Jacked2theTs yea I get all of that, I'm not opposed to saving everything for a certain amount of time to start creating wealth. What I do oppose is saving every single penny until I retire.
@@phillipgrandison2384 this plan I like. Saving 10 years vs saving for an entire lifetime.
You said:Warren Buffet red tens of thousands of book!!!! If you read 3 books a month which is alot of reading while you're working hard to become reach, in one year you can read 36 books which in 10 years will be 360 books and in 100 year it will be 3600 books, now Warren Buffet must be about 1000 years old to have red tens of thousands books!!!!!!!!?????? It's a very simple math, isn't it?🧐🤥🤨🤫
Great video. But over 27 years, $4.5M has a purchasing power of $1.66M assuming an average rate of inflation of 2.7%. $1.66M is nothing to sneeze at, but it isn't "FU" money so to speak.
Where can you earn 10% actual yield, not average rate of return? Hypothetical numbers are nice but it’s not real.
That's what I'm looking for. A consistent 10% APY is wild, particularly if that's after inflation.
10% is easy when you can buy billion dollar companies like dear old Warren.
I've heard the stock market often does well during election years. I recently inherited a lump sum and want to invest it wisely to take advantage of this potential upswing. Do you have any tips or strategies?
A good portfolio should have three basic things: ETFs for diversification, dividend stocks for cash flow, and leading tech stocks. When starting especially with a lump sum, it's a good idea to talk to a fiduciary advisor for expert advice.
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Melissa Elise Robinson" I've worked with her for 6 years and highly recommend her. Check if she meets your criteria.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
The quote is from Einstein, not Buffett
Sounds like your 100k will make you just over inflation.
The first $100,000 is nothing. He had more than that in 1954....... compounding holds true, but the amount has changed. You need atleast $2,000,000
Warren Buffett didn’t say anything about 100k that was his partner Charlie…so dislike and block
selling 10%, any offers?
Due to inflation, that would be 250k nowadays.
The first million is hard, the rest come easier so they say 🤷🏻♂️
I don't normally make comments but saying that is easier to get to a million than 100 k it's just stupid. Specially if you have a a low average income and you had 500 pounds every month to invest. How can those 6000 thousand a year compound quicker after 100 thousand?
I hated being a paper boy. Lol
Its $100k inflation adjusted for 2024 my friends. I think Charlie actually said this. 😂😂
Savings rate. Strategy is useless, if you don't feed the account.
Where you get 10 percent intrest.
Crypto 😂
Crypto doesn't compound
Only 99k 990 $ to go
This is a fairytale for most people.
My fellingnya hebat itu siwarren buffer itu 😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅
Ok, I have $100k, what should i do now ?
Buy nvidia
@@maguilla😂
Full port djt NOW
Buy Bitcoin
Canadian cannabis penny shares… all in.
nothing is easy...not getting to 100k or certainly going from 100k to 1 million so sorry to inform everyone.
Only 29000 $ more to go
I understand the premise, but when you say it like it's harder to hit 100k than 1 mil.. It sounds kinda stupid, because to hit a million you also need to hit 100k first.
Took me bout 9 yrs to reach the 1st $100k mark. But only bout another 4 yrs to reach $200k. The 1st $100k took the longest to reach, therefore was hardest to achieve.
@phillipgrandison2384 so you're saying it took you 9 years to reach 100k, and 13 years to reach 200k. Which was easier again?
@chriso6042 perhaps the terms faster, quicker, and harder are all appropriate in these scenarios. I can't speak for others, but the 1st $100k took the longest since the growth/returns seemed minimal. Every $100k increment after that takes a much shorter time, considering the compounding. For me, 9 yrs to 100k, but only 4 yrs for the next 100k. Collectively, it's 13 yrs total, but each 100k after the 1st is considerably shorter since returns are assisting. Hence, getting to 1 mil won't be as tough. I haven't reached 1 mil yet lol, not sure I even need to. I also think what's at play here is reaching the 1st 100k for whatever length that takes a person, it requires more focus and determination due to the longer duration to that milestone. Saving for 9, 10, 12, etc yrs to get there is a long time. But to go from 100k to 200k was a quicker, easier, etc. Suppose it's all relative, but if a person stays the course, the 1 mil mark will be eclipsed, then 1.5 mil, then 2 mil, etc.
Too much of basic stuff, sorry have to unsubscribe, maybe useful feedback.
If it was basic, everyone would be doing it
@@InvestorCenter Not everyone knows basic stuff.
@@XOPOIIIO
Yep I agree with XOPOIIIO,
Your voice is good which makes listening smooth. But the content is same stuff recycled. Once your subscriber base pass the basic mark, it is redundant to listen to you. Your content should also mature as your personal experince evolves, which makes the our connection to creator special.
@InvestorCenter
All common sense stuff is basic. Application is not. 99% percent of financial knowledge you need to know are simple. It's the thought that finance needs to be complicated that screw people actuality. My advice is to keep it basic and simple. Life is too crazy to keep finances complicated, which is the thing that screw people.
@@smileyspoon1 Yes, but you don't need to learn it again if you already know it.
At 70 you don't spend money so why have more of it?
Buffet had read 10s of thousands of book?
So without watching this video, Richard cannot go to path of financial freedom. In that case, I am sure Richard will be distracted with another video and he will lose all his money anyhow 😂.
My take away: Never invest something based on videos...