1. Make your first investment as early as possible 2. Invest your self knowledge, and education 3. Pay rent. Don't buy a house 4. Avoid student loans 5. Build your credit score 6. First, build you emergency fund 7. Diversity you investments 8. Buy a home if it makes sense 9. Run a serious business 10. Plan your retirement strategy 11. Invest in your health 12. Maximize your retirement contributions 13. Plan for retirement minimum tributions 14. Let money and your investments work for you 15. Spend your money on experiences with loved ones
Very good...and also make investments in your earlier working years and from personal experience don't listen to people who criticise you, if you are male, for not "investing" in owning and driving expensive personal cars.Investing early in your working years will make you take advantage of the eighth "worder of the world" , which is compounded interest .... according to Albert Einstein.
Just a question regarding buying a house. I have learned that if you rent you pay more and with a mortgage, you at least have the option to rent the property and borrow against your loan if need be. My question is what are you really gaining by paying someone else's mortgage?
The only "move" I dont agree with, is the renting instead of buying home.. I started at 21, bought a home when I still lived with my parents, so I rented it... I payed it in 5 years with my paycheck and the rent I got from that house.. the second I payed even quicker.. Now Im 43... I own 18 houses and 7 commercial business.. I always bought cheap houses, work on them, rent it for a period of time and sold them when the value was up... It wasnt easy like some gurus would tell you, but Im so glad I did it... Loved the video tho...
I am in my 50s. My parents never gave me a financial education even my dad who was a successful entrepreneur. He was too busy starting his ‘better’ family rather than wasting time with me, the product of him and my mom who he divorced for a ‘better one.’ I am now having to spend time picking up the financial pieces I had never learned about in my 20s. But at least better late than never. Also I have children, 12 and 10 that I am more than willing to pass this information on to. What parent who loves his/her children would not want to do that? Thank you for this information.
6:40 I personally would recommend people in their 20s to live with their parents if the household has a positive environment. That alone saves $10k+ a year. Help out maintain the house and split the bills, load up on compound interest, once you build a strong foundation of cash and assets, retire early.
Personally it was really tough for me. Because I had to do all of those things quickly in my 40's. Like it's never too late. In ten years or less you can change a lot of things.
I have been Aluxer from almost the beginning when the introduction had a man on a yacht. One video a few years ago was on recommended financial books to read. I have read over half of the list of 15. I apply at least one piece of advice from each book to my life! Total game changer for both myself and my daughter. I am hooked on these videos!
I will forever be indebted to her, she've changed my whole life, and I'll continue to preach about her name, she saved me from a huge financial debt with just little investment, thanks so much Mrs Alice Tatiana
Hello thanks for introducing her to us, i actually did the trade with a loan from my friend, and with the profits i payed up, now am happy and comfortable
This is a fantastic take, I feel exceptionally lucky I started investing in my early 30s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific lnvestments mainly stocks. Forever grateful to my adviser Susan Kay Mack. Passive income is mandatory for building long term wealth.
I was financial conscious since I was a child. My tip would be don’t steal money from your fathers wallet while he is sleeping when you’re young, or ever for that matter.
Hey Alux. I recently listened to the audio version of the book the monk who sold his Ferrari. It was great and I learned a ton. I heard about it from one of your videos. Thank you 😊
Appreciating Alux videos further I would like to add that - Financial education is really important which I came to know lately in my 20's but yet I would like to add that do not start investing until you save a good amount of money that atleast you can survive 6 month with that amount or else it would be a stupid decision to invest even a 20% of your income in anything like SIP or Stocks
When I started on Wall Street 30 years ago, I worked big hours and saved my first 3 bonuses in full. When my firm moved me to LA, it gave me a free car to commute to work and even though it was an embarrassing sedan, it was free so I drove it for the two years I was eligible to have it for free. I worked very hard and invested early and thanks to that and a couple of sales of company stakes that I had (you have to own something, it’s hard to get wealthy on W-2 income), I was able to stop working at 44. I’ve got another business venture now but I have almost no travel and see my children every day. Working still keeps my mind sharp and busy and is a matter of choice. Time and health are two things you can never have enough of or buy. Start early on investments, taking care of yourself and cultivating great relationships and those things will pay off for life.
I learned the importance of financial education when I was completely broke. 😅😂 I thought, “enough is enough. We aren’t playing this movie again.” No better teacher than experience.
1) Make 1st Investment as early as possible 2) Invest in skills & self education 3)Pay rent not house in 20's 30's 4) Have an emergency fund 5)plan your retirement strategy 6)Invest in health 40's 7) Invest in health 8) let money and Investment work for you 9)Maximize retirement contribution 10)tax retirement advantage account Tax free/Tax deferred 11) lat money and Investment work for you. 12)Spend your money on experience with loved ones
This administration putting so many families into difficult situations, I feel sympathy and empathy for our country I appreciate your advices Geneva! Imagine investing $1000 and receiving $10,350 in 3days.
We are already in the big crash , inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt,the FED will have to pull all the stops . The unfortunate issues is that the other market are being decimated. If you want to stay green ,you have to rely on a lot of diversification. Currently up 15% and being carful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other options. Even in a hyper-inflationary environment , individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold /silver coins.
I am from Africa, too. Cameroon. It's better to live with your parents or an uncle, auntie. Help them with food/bills. Save a lot of money. Then buy a House or build a House and rent it out, have tenants. Then repeat with a second small House. Etc. Keep living with family until you get married, then you build a House for you and your spouse, or you use one of your small houses (the tenants live)....
At the Age of 28 - I found financial education. At 31, I acquired several rental properties and a significant investment account. 1st tip - it’s not about how much you make; it’s about how much you invest. (Note - I didn't say save) 2nd Tip - valuing experiences over things will always be more fulfilling. 3rd Tip - Alcohol is a waste of money and time.
If you dont save then how the hell you get the money to begin with ?. No bank will give you 100% loan let alone take like 1-10M with no down payment. How ??
@@penguingobrrbrr353 - well, I generally find that most people stop at the saving part. Yes, you should have 6-12 months saved as an emergency fund. But the true key to unlocking wealth is making all those dollars work for you. So that's why I say saving won't make you rich, but investing money and the power of compound interest can make you wealthy 💎
@@blackjamesbondd my friend. No one is saving millions. The thing is... you need to have CASH to get some loan in order to grow something. emergency funds are a must in most cases because things happen and you dont want to be homeless in a matter of months if money run out.
I first learned that financial education is important when I realized that money is needed for you to do almost anything and everything, especially in today's world. It's important to be smart with how you handle your money and expenses. Finding the right balance between saving and spending will be key to a comfortable life.
Financial education became important to me after my first business began failing. It was a huge experience to learn about planning my budget, keeping an emergency fund and seperating my personal expenses from the business expenses. Sometimes we get so caught up in making our business successful that we put ourselves at the bottom of the list, but if you arent looking after yourself, then how can you run a business?
~16 yrs old, when realizing poverty isn’t an existential must across time, as well as products/services must be satisfied via causation, but can be outsourced or automated, doesn’t have to be you as a 1 person band if that makes sense.
I bought Microsoft when I was in my early thirties. We have a lot of them now. We're buying ETF'S now. Im constantly studying about financial management. We own a house. We're looking at relocating to a more affordable location. This house will pay for it and then some
I have always advocated an education, regardless if it's college or a technical/trade school. The primary purpose of an education is to learn a skill. Having a skill has always been an economic standard for the past two thousand years, and more. Jesus was a carpenter, his earth father Joseph taught him his skill. Thus, pursuing an education to have a skill. Will help with having extra money, to invest into companies with good dividend reinvestment plans. I highly recommend, when the economy tanks and goes into a recession. Don't panic sell, ride it out. In the long term investing goals, it will pay out. Good luck and God bless to one and all.
Well , good tips and thank God , but if you were living in countries going through high inflation rates like Venezuela, Lebanon and Zimbabwe, investing in shares is somehow unavailable unless you have an bank account outside your country ... Real estate can help and preserve the value of money and wealth . Education is beneficial ...
I am from Africa, too. Cameroon. It's better to live with your parents or an uncle, auntie. Help them with food/bills. Save a lot of money. Then buy a House or build a House and rent it out, have tenants. Then repeat with a second small House. Etc. Keep living with family until you get married, then you build a House for you and your spouse, or you use one of your small houses (the tenants live)....
i first got interested in 2012 after high school, i started reading books then and the rest is history. The power of positive thinking by norman solidified the foundation.
Soooooo what I’m hearing is that the reason I’m more financially literate than most of my (finance) classmates is that I’ve done all of the 20s items in my teens? 😂
Well , good tips and thank God , but if you were living in countries going through high inflation rates like Venezuela, Lebanon and Zimbabwe, investing in shares is somehow unavailable unless you have an bank account outside your country ... Real estate can help and preserve the value of money and wealth . Education is beneficial ...
I started becoming financially literate in my late twenties, however lifestyle creep would get the best of me. I discovered Alux about 4 years ago and I finally got my finances under control.
I realized the importance of this this year ,when I can’t efford many things now days because of inflation and I’m trying to improve my skills as much as possible to have more income That’s one thing I can do now
So I first discovered the importance of financial education when I heard about the somewhat of a market epidemic here when the main contentions adults had with school systems was not teaching students how to do their own taxes. So I have been looking into financial education related material since because financial education covers taxes. So I'm guessing financial education would be the go to about how to do taxes and many more. Thank you very much for the content
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation
You have to get a financiial-advisr/br0ker Like Mark Stuart Jordan to aid you diversify your portfoliios to include commodities, inflation-indexed bonds and st0cks of companies with solid cash flows, as opposed to growth st0cks where valuations were based on future potential earnings
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisr and that same year, I pulled a net gain of $550k...that's like 7times more than I average on my own All Thanks To Mark Stuart Jordan
Having a coach is key to portfoliio diversification, My advis0r is Mark Stuart Jordan You can easily look him up, He has years of financial market experience.
I’m going to disagree with the student loan stuff some people aren’t born into financial well off families. Because of this, some parents have to take out student loans just for their child to even attend college and because they aren’t financially well off they have to take out even more to pay for their child to get the book and school supplies they need
@@jealva yeah that’s true as well especially with a major won’t give you a good return on investment like for example one that doesn’t have a wide range of different jobs that you can get into
2020 opened my eyes. I recently took the most expensive vacation with loved one-worth everything! I’m much older than 30. At 30, I should not have done that.
I don't usually comment but I have to say that buying real eastate is the only reason I am not broke right now. It has given me more opportunity than any other investment I have ever made. So I have to disagree with not buying property. Don't get me wrong I agree with mostly everything else you say.
You heard of intermittent fasting. Intermittent investing is spending less than what you earn then investing the balance in assets that create passive income.
Rent and they can have you out in 30 days if you happen to fall on hard times. Some problems take a while. Buying a house takes a year! Gave me time to get my act together.
I learned when my successful but then aging parents started to lose their golden wealth due to poor planning and health failures that took hold. As Buffett says, " don't lose the money", quoting numbers 2 and 3 of his principles!
I learned financial education late in life. Better late than never, my financial goals is for generational wealth. I may not be able to enjoy the seeds I planted, at least my nieces and their descendants will. Good luck and God bless to one and all.
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Mary Linda
While investing during a period of higher inflation appeared daunting at first, I learned to navigate it by consulting with Joseph Sullivan Anderson, an investment analyst, who devised a strategy to shift my fixed-income investments that weren't providing adequate returns to a diverse portfolio that would provide higher returns.
With the current inflation rate of 4.3%, I really need to find more productive ways to put my stagnant savings to work. I looked up Joseph Sullivan Anderson on the internet, and his credentials appear to be solid. I'll get in touch with him.
I believe I read about this analyst in a business journal.. he has a strong reputation and good insight when it comes to profiting from economic fluctuations.
I wish I had started investing earlier in my life. Seeing the compound interest at work is amazing, and it has made me realize the power of investing through Mr Joseph Sullivan Anderson a financial professional. I have amassed about 150k
bumping into this comments is an opportunity for me.... I want to start investing, but I'm not sure where to begin. I truly don't want to mess up my finances. Joseph Sullivan Anderson appears to have the necessary knowledge and strategy, based on my online research... on his DMs rn
Having a good instructor is essential for broadening one's portfolio. Joseph Sullivan Anderson has always been that FA who is easily accessible and knowledgeable about the financial industry.
I would disagree with renting. If the goal is to save currency your better of being homeless and if the goal is to grow then you should be experiencing the true power of Adversity.
Just know you need to be born rich to be rich i grew up in poverty i learnt all the ways to be ric from books seminars pretty much everything i have a abundant mindseth but never had the money to be avundant sadly luck is everything in life is whether the universe hates you or not
Oops, I don't agree with the ideal of not buying a house. This first house purchase is basic. Managing real estate is a school in and of it's self. The longer one waits to longer the learning curve stretches. Take the lump early. There's a lot of time to recover from the school of hard knocks. Besides, if the market is a buyers market. One may leave a once in a lifetime opportunity.
You guys are lying about the renting….. When you go to college, you buy a house and let the other students pay your mortgage and Plus…. While it goes up in price every year
For those who want to take extra value from the video again, here is an adapted version of the tips: The "problem“: - Young: No money, but time & health - Adult: No time, but money & health - Old: No health, but time and money I am in my mid 20's, a small entrepreneur from Austria and have 3 employees. Every month I invest 400€ in a personal health coach, 100€ in massages, 100€ for gym + sauna and 2-3 hours per day for health promoting activities (workout, martial arts, massage, sauna, stretching, praying, etc.). This has several advantages: - Short term: 1. I look better than average for my age (top 1%), which helps in any life situation. Good and healthy looking people have more success not only with the opposite sex, but also at work (there are countless studies about it). 2. I have significantly more energy and can work productively longer than people of the same age. As a result, I achieve more in less time than my "competition" and become wealthier faster. 3. increased self-confidence. Once, because I prove to myself every day how disciplined I am and once, because by constantly improving my performance, I see what I can accomplish if I only want to. - Long-term: However, my focus is not on appearance, but on health. With my lifestyle, I aim to still be as fit at 60 as 90% of most people are at 30. This gives me much more time to enjoy my life with full health. I recommend everyone to deal with the topic of health as early as possible. Investments in health are not only worthwhile in the long term, but also priceless in the short term due to better appearance, increased self-confidence and increased energy. If you invest in health at a young age, you will never have problems with time, money or health.
1. Make your first investment as early as possible
2. Invest your self knowledge, and education
3. Pay rent. Don't buy a house
4. Avoid student loans
5. Build your credit score
6. First, build you emergency fund
7. Diversity you investments
8. Buy a home if it makes sense
9. Run a serious business
10. Plan your retirement strategy
11. Invest in your health
12. Maximize your retirement contributions
13. Plan for retirement minimum tributions
14. Let money and your investments work for you
15. Spend your money on experiences with loved ones
Thanks for spending time
2. Invest IN your knowledge…
Very good...and also make investments in your earlier working years and from personal experience don't listen to people who criticise you, if you are male, for not "investing" in owning and driving expensive personal cars.Investing early in your working years will make you take advantage of the eighth "worder of the world" , which is compounded interest .... according to Albert Einstein.
6.30
Just a question regarding buying a house. I have learned that if you rent you pay more and with a mortgage, you at least have the option to rent the property and borrow against your loan if need be. My question is what are you really gaining by paying someone else's mortgage?
00:00 - Intro
01:22 - Smart money moves for your 20's
09:50 - Smart money moves for your 30's
15:38 - Smart money tips after your 30's
For 20 yr olds to plan for 30s
The only "move" I dont agree with, is the renting instead of buying home.. I started at 21, bought a home when I still lived with my parents, so I rented it... I payed it in 5 years with my paycheck and the rent I got from that house.. the second I payed even quicker.. Now Im 43... I own 18 houses and 7 commercial business.. I always bought cheap houses, work on them, rent it for a period of time and sold them when the value was up... It wasnt easy like some gurus would tell you, but Im so glad I did it... Loved the video tho...
I am in my 50s. My parents never gave me a financial education even my dad who was a successful entrepreneur. He was too busy starting his ‘better’ family rather than wasting time with me, the product of him and my mom who he divorced for a ‘better one.’ I am now having to spend time picking up the financial pieces I had never learned about in my 20s. But at least better late than never. Also I have children, 12 and 10 that I am more than willing to pass this information on to. What parent who loves his/her children would not want to do that? Thank you for this information.
6:40 I personally would recommend people in their 20s to live with their parents if the household has a positive environment. That alone saves $10k+ a year. Help out maintain the house and split the bills, load up on compound interest, once you build a strong foundation of cash and assets, retire early.
Personally it was really tough for me. Because I had to do all of those things quickly in my 40's. Like it's never too late. In ten years or less you can change a lot of things.
I’m 42🥴
I have been Aluxer from almost the beginning when the introduction had a man on a yacht.
One video a few years ago was on recommended financial books to read. I have read over half of the list of 15. I apply at least one piece of advice from each book to my life!
Total game changer for both myself and my daughter. I am hooked on these videos!
When you follow the steps below, you attain financial independence.
I feel one should start taking care of their health from their 20s.
I love Alux with the way they dish out financial knowledge.
Lots of love from pokhara Nepal ❤ 0:09
Few weeks ago, I recommended a professional trader (Alice Tatiana) to you guys, can i get someone who traded with her?
I saw that recommendations but i did not bother chatting her up 🤦♀️🤦♀️🤦♀️
Who made profits for you, am really looking for a pro who can manage my account and make me huge profits
I will forever be indebted to her, she've changed my whole life, and I'll continue to preach about her name, she saved me from a huge financial debt with just little investment, thanks so much Mrs Alice Tatiana
Hello thanks for introducing her to us, i actually did the trade with a loan from my friend, and with the profits i payed up, now am happy and comfortable
She's Mrs Alice Tatiana, she's one of the best and trust worthy trader I've ever known
This is a fantastic take, I feel exceptionally lucky I started investing in my early 30s and consistently compounded my income via assets to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific lnvestments mainly stocks. Forever grateful to my adviser Susan Kay Mack. Passive income is mandatory for building long term wealth.
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
out of curiosity I did read about Susan Kay Mack on the web.,she has a great resume.
I was financial conscious since I was a child. My tip would be don’t steal money from your fathers wallet while he is sleeping when you’re young, or ever for that matter.
Thank you for the great knowledge you are giving us!
Hey Alux. I recently listened to the audio version of the book the monk who sold his Ferrari. It was great and I learned a ton. I heard about it from one of your videos. Thank you 😊
Appreciating Alux videos further I would like to add that - Financial education is really important which I came to know lately in my 20's but yet I would like to add that do not start investing until you save a good amount of money that atleast you can survive 6 month with that amount or else it would be a stupid decision to invest even a 20% of your income in anything like SIP or Stocks
I’m 44 years old and after 23 years in the Engineering industry I decided to start my own business post pandemic wish me luck lol
Good luck Alexis. I can relate with this. I am also and engineer and hoping to start one very soon.
When I started on Wall Street 30 years ago, I worked big hours and saved my first 3 bonuses in full. When my firm moved me to LA, it gave me a free car to commute to work and even though it was an embarrassing sedan, it was free so I drove it for the two years I was eligible to have it for free. I worked very hard and invested early and thanks to that and a couple of sales of company stakes that I had (you have to own something, it’s hard to get wealthy on W-2 income), I was able to stop working at 44. I’ve got another business venture now but I have almost no travel and see my children every day. Working still keeps my mind sharp and busy and is a matter of choice. Time and health are two things you can never have enough of or buy. Start early on investments, taking care of yourself and cultivating great relationships and those things will pay off for life.
Cool! God bless you
I'm only 26, but the 30's plan real suits my ears ❤️💗💗 thanks a Lot!! This means a lot to me
I learned the importance of financial education when I was completely broke. 😅😂 I thought, “enough is enough. We aren’t playing this movie again.” No better teacher than experience.
1:29 MAKE YOUR FIRST INVESTMENT... AND LOST YOUR FUTHURE SO EARLY AS POSSIBLE....
1) Make 1st Investment as early as possible
2) Invest in skills & self education
3)Pay rent not house in 20's
30's
4) Have an emergency fund
5)plan your retirement strategy
6)Invest in health
40's
7) Invest in health
8) let money and Investment work for you
9)Maximize retirement contribution
10)tax retirement advantage account
Tax free/Tax deferred
11) lat money and Investment work for you.
12)Spend your money on experience with loved ones
For those with the ball & chain, dont get divorced in your 50s. Better yet, dont get married!👊✌
Ok who will carry your legacy if you don't have children? Your distance relatives?
Such an American way of thinking ....
Better to love and lost than to never love at all.
@@theresecook-bright1757 love dont last. Its better to be respected. Love your kids and pets.✌
Cheaper to keep her.
This administration putting so many families into difficult situations, I feel sympathy and empathy for our country I appreciate your advices Geneva! Imagine investing $1000 and receiving $10,350 in 3days.
Same me here I started last week and she called me on Video call also I have received some of my profit about $9,400 yesterday she’s trustworthy.
Investment is far better than money saved. When you invest your money it works for you and help you earn more money.
Failure and loss on investment usually happens when you invest without proper guide Geneva investment is one of the best you can trust.
Can you refer me to her 🙏🏼??????
SHE’S ALWAYS ACTIVE ON TELEGRAM’S APP WITH THE NAME BELOW
I’m a 46 year old teacher on break! Going back to my class to discuss this video! Especially the opening! 🤷🏾♂️✊🏿✊🏿✊🏿😂😂😂😂😂🇺🇸🇺🇸🇺🇸
My advice is invest in your self
Amazing vedio that full of smart money moves info 😊
We are already in the big crash , inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt,the FED will have to pull all the stops . The unfortunate issues is that the other market are being decimated. If you want to stay green ,you have to rely on a lot of diversification.
Currently up 15% and being carful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other options. Even in a hyper-inflationary environment , individuals must continue to use their hyper-inflationary currency since they likely have minimal access to other currencies or gold /silver coins.
@wyanecliff3077Please how can I reach her?
I think I should try this woman I've heard so much good news about her
She appears to be well-educated and well-read I ran a google search on her name and came across her website; Thank You for sharing.
Thank you, Alux, however rent in Africa is quite pricey. If you could do a film on renting on a low salary, that would be great.
I am from Africa, too. Cameroon. It's better to live with your parents or an uncle, auntie. Help them with food/bills. Save a lot of money. Then buy a House or build a House and rent it out, have tenants. Then repeat with a second small House. Etc. Keep living with family until you get married, then you build a House for you and your spouse, or you use one of your small houses (the tenants live)....
Good one ❤
At the Age of 28 - I found financial education. At 31, I acquired several rental properties and a significant investment account.
1st tip - it’s not about how much you make; it’s about how much you invest. (Note - I didn't say save)
2nd Tip - valuing experiences over things will always be more fulfilling.
3rd Tip - Alcohol is a waste of money and time.
If you dont save then how the hell you get the money to begin with ?.
No bank will give you 100% loan let alone take like 1-10M with no down payment.
How ??
You nailed it, Sir...
Wow!
@@penguingobrrbrr353 - well, I generally find that most people stop at the saving part. Yes, you should have 6-12 months saved as an emergency fund. But the true key to unlocking wealth is making all those dollars work for you. So that's why I say saving won't make you rich, but investing money and the power of compound interest can make you wealthy 💎
@@blackjamesbondd my friend. No one is saving millions. The thing is... you need to have CASH to get some loan in order to grow something.
emergency funds are a must in most cases because things happen and you dont want to be homeless in a matter of months if money run out.
11:11
Another Awesome video Thanks Much Love ❤❤❤
very helpfull for us approaching 3rd floor
Yes!! Another Alux shout out to Home Inspection!!!
I first learned that financial education is important when I realized that money is needed for you to do almost anything and everything, especially in today's world. It's important to be smart with how you handle your money and expenses. Finding the right balance between saving and spending will be key to a comfortable life.
narrator says you have move to watch 15 videos in alux channel daily so money moves from alphabet to alux
The richer you are the less you need
The less you need the richer you are
Financial education became important to me after my first business began failing. It was a huge experience to learn about planning my budget, keeping an emergency fund and seperating my personal expenses from the business expenses. Sometimes we get so caught up in making our business successful that we put ourselves at the bottom of the list, but if you arent looking after yourself, then how can you run a business?
Are you a youtuber ?
~16 yrs old, when realizing poverty isn’t an existential must across time, as well as products/services must be satisfied via causation, but can be outsourced or automated, doesn’t have to be you as a 1 person band if that makes sense.
One Thing I Like About Your Channel The Most is That U Don't Have Any Ads in Your Video!
I never thought about that!! You are right that's an awesome thing about this channel!
Sorry , but i ads are shown to me for this video
@@fmarten02 dumbass he's talking about sponsors, TH-cam places ads on a video now regardless of if you want it or not, it's compulsory now
I bought Microsoft when I was in my early thirties. We have a lot of them now. We're buying ETF'S now. Im constantly studying about financial management. We own a house. We're looking at relocating to a more affordable location. This house will pay for it and then some
Love from Syria
Excellent
I have always advocated an education, regardless if it's college or a technical/trade school. The primary purpose of an education is to learn a skill. Having a skill has always been an economic standard for the past two thousand years, and more. Jesus was a carpenter, his earth father Joseph taught him his skill. Thus, pursuing an education to have a skill. Will help with having extra money, to invest into companies with good dividend reinvestment plans. I highly recommend, when the economy tanks and goes into a recession. Don't panic sell, ride it out. In the long term investing goals, it will pay out. Good luck and God bless to one and all.
Thank you for this.. I couldn't have said it any better. 😊
Well , good tips and thank God , but if you were living in countries going through high inflation rates like Venezuela, Lebanon and Zimbabwe, investing in shares is somehow unavailable unless you have an bank account outside your country ...
Real estate can help and preserve the value of money and wealth . Education is beneficial ...
I'm going to be 30 in July and I will still take the risk to invest, because I have no liability except food 😂.
I wish you luck in life’s journey my friend. I hope it will be all you have hoped for.
In term of Financial Investment: invest in Life Insurance as early as possible
When i see book summary of rich dad poor dad when I realised importance of financial education
I am from Africa, too. Cameroon. It's better to live with your parents or an uncle, auntie. Help them with food/bills. Save a lot of money. Then buy a House or build a House and rent it out, have tenants. Then repeat with a second small House. Etc. Keep living with family until you get married, then you build a House for you and your spouse, or you use one of your small houses (the tenants live)....
Mid 30s. Read RichDad poor dad first. Even if is not your style you riches, it’s the best base to build.
i first got interested in 2012 after high school, i started reading books then and the rest is history. The power of positive thinking by norman solidified the foundation.
✊🏿✊🏿✊🏿✊🏿
Soooooo what I’m hearing is that the reason I’m more financially literate than most of my (finance) classmates is that I’ve done all of the 20s items in my teens? 😂
Well , good tips and thank God , but if you were living in countries going through high inflation rates like Venezuela, Lebanon and Zimbabwe, investing in shares is somehow unavailable unless you have an bank account outside your country ...
Real estate can help and preserve the value of money and wealth . Education is beneficial ...
I started becoming financially literate in my late twenties, however lifestyle creep would get the best of me. I discovered Alux about 4 years ago and I finally got my finances under control.
Since like 3 years now im glad every day that i fould somehow this channel ❤😊
you are welcome
I realized the importance of this this year ,when I can’t efford many things now days because of inflation and I’m trying to improve my skills as much as possible to have more income
That’s one thing I can do now
Thank you Alux!
Compound interest the 8th wonder of the world Albert Einstein
So I first discovered the importance of financial education when I heard about the somewhat of a market epidemic here when the main contentions adults had with school systems was not teaching students how to do their own taxes. So I have been looking into financial education related material since because financial education covers taxes. So I'm guessing financial education would be the go to about how to do taxes and many more. Thank you very much for the content
Thanks for a great video!
/Marie from Sweden
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation
You have to get a financiial-advisr/br0ker Like Mark Stuart Jordan to aid you diversify your portfoliios to include commodities, inflation-indexed bonds and st0cks of companies with solid cash flows, as opposed to growth st0cks where valuations were based on future potential earnings
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisr and that same year, I pulled a net gain of $550k...that's like 7times more than I average on my own All Thanks To Mark Stuart Jordan
wow ,that’s stirring! Do you mind connecting me to your adviser please. I desperately need one to diversify my portfolio
Having a coach is key to portfoliio diversification, My advis0r is Mark Stuart Jordan You can easily look him up, He has years of financial market experience.
I curiously looked up Mark Stuart Jordan online and researched his accreditation. He seem very proficient, I wrote him detailing my Fin-market
I’m going to disagree with the student loan stuff some people aren’t born into financial well off families. Because of this, some parents have to take out student loans just for their child to even attend college and because they aren’t financially well off they have to take out even more to pay for their child to get the book and school supplies they need
If you do it to study a real subject field with good career prospects, you are correct but not every college degree is worth going into debt.
I suggest that you go watch a video of Dave Ramsey on this regards. You probably will have to rethink it. 😊
Job experiences are more important than degree but degrees are still necessary for your growth career
@@jealva yeah that’s true as well especially with a major won’t give you a good return on investment like for example one that doesn’t have a wide range of different jobs that you can get into
You got it wrong about owning real estate in your 20s.
I will subscribe, like your all channel
My Telegram name Nurul hashan
Please massage me
2020 opened my eyes. I recently took the most expensive vacation with loved one-worth everything! I’m much older than 30. At 30, I should not have done that.
I don't usually comment but I have to say that buying real eastate is the only reason I am not broke right now. It has given me more opportunity than any other investment I have ever made. So I have to disagree with not buying property. Don't get me wrong I agree with mostly everything else you say.
Take overview and tips from TH-cam and take the whole picture from books
You heard of intermittent fasting.
Intermittent investing is spending less than what you earn then investing the balance in assets that create passive income.
Rent and they can have you out in 30 days if you happen to fall on hard times. Some problems take a while.
Buying a house takes a year! Gave me time to get my act together.
Thanks so much!
29th B-day living in a car. To answer the question
How can one save up for a down payment on a house when the place one is renting is 580 a month with 50 late fees
I learned when my successful but then aging parents started to lose their golden wealth due to poor planning and health failures that took hold. As Buffett says, " don't lose the money", quoting numbers 2 and 3 of his principles!
I learned financial education late in life. Better late than never, my financial goals is for generational wealth. I may not be able to enjoy the seeds I planted, at least my nieces and their descendants will. Good luck and God bless to one and all.
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Mary Linda
Wow I'm just shock you mentioned and recommended Expert Mrs Mary Linda,I thought I'm the only trading with her
YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MRS MARY LINDA
Invest in your health as soon as possible
Check spelling on title
This is golden. Thanks Alux
🧡🤍💚🥰 from LEO 👍🙏🇮🇳
While investing during a period of higher inflation appeared daunting at first, I learned to navigate it by consulting with Joseph Sullivan Anderson, an investment analyst, who devised a strategy to shift my fixed-income investments that weren't providing adequate returns to a diverse portfolio that would provide higher returns.
With the current inflation rate of 4.3%, I really need to find more productive ways to put my stagnant savings to work. I looked up Joseph Sullivan Anderson on the internet, and his credentials appear to be solid. I'll get in touch with him.
I believe I read about this analyst in a business journal.. he has a strong reputation and good insight when it comes to profiting from economic fluctuations.
I wish I had started investing earlier in my life. Seeing the compound interest at work is amazing, and it has made me realize the power of investing through Mr Joseph Sullivan Anderson a financial professional. I have amassed about 150k
bumping into this comments is an opportunity for me.... I want to start investing, but I'm not sure where to begin. I truly don't want to mess up my finances. Joseph Sullivan Anderson appears to have the necessary knowledge and strategy, based on my online research... on his DMs rn
Having a good instructor is essential for broadening one's portfolio. Joseph Sullivan Anderson has always been that FA who is easily accessible and knowledgeable about the financial industry.
Age 28yrs I invested in properties.
Invest in yourself. Stop using uneducational social media content.
You damn right Im a late bloomer,
The rent in 20's .... I disagree with . Best thing I ever did was buy my house at 21 . Rented every room out lived fir free.
Investment in healthcare and retirement funds
I know many older ppl who have health money & time. They're very wise with all that they have.
26
sheesh i need this 24 year old aspiring Alpha Male Here 😌😮💨
I would disagree with renting. If the goal is to save currency your better of being homeless and if the goal is to grow then you should be experiencing the true power of Adversity.
Investment.. how is it attainable???
What higher paying investment is working right now and future proof
WORK ETHIC CREATION INVENTION BE PEACE OWN COMPANY
Health is Wealth
Whatever happened to buy land?
Just know you need to be born rich to be rich i grew up in poverty i learnt all the ways to be ric from books seminars pretty much everything i have a abundant mindseth but never had the money to be avundant sadly luck is everything in life is whether the universe hates you or not
Oops, I don't agree with the ideal of not buying a house. This first house purchase is basic. Managing real estate is a school in and of it's self. The longer one waits to longer the learning curve stretches. Take the lump early. There's a lot of time to recover from the school of hard knocks. Besides, if the market is a buyers market. One may leave a once in a lifetime opportunity.
You guys are lying about the renting…..
When you go to college, you buy a house and let the other students pay your mortgage and Plus…. While it goes up in price every year
How to avoid student loan?
If it’s possible ask your family for a loan without interest obligation
Apply for fafsa and they probably will give you free money especially if your a minority and/or low low income
self-study
For those who want to take extra value from the video again, here is an adapted version of the tips:
The "problem“:
- Young: No money, but time & health
- Adult: No time, but money & health
- Old: No health, but time and money
I am in my mid 20's, a small entrepreneur from Austria and have 3 employees. Every month I invest 400€ in a personal health coach, 100€ in massages, 100€ for gym + sauna and 2-3 hours per day for health promoting activities (workout, martial arts, massage, sauna, stretching, praying, etc.).
This has several advantages:
- Short term:
1. I look better than average for my age (top 1%), which helps in any life situation. Good and healthy looking people have more success not only with the opposite sex, but also at work (there are countless studies about it).
2. I have significantly more energy and can work productively longer than people of the same age. As a result, I achieve more in less time than my "competition" and become wealthier faster.
3. increased self-confidence. Once, because I prove to myself every day how disciplined I am and once, because by constantly improving my performance, I see what I can accomplish if I only want to.
- Long-term: However, my focus is not on appearance, but on health. With my lifestyle, I aim to still be as fit at 60 as 90% of most people are at 30. This gives me much more time to enjoy my life with full health.
I recommend everyone to deal with the topic of health as early as possible. Investments in health are not only worthwhile in the long term, but also priceless in the short term due to better appearance, increased self-confidence and increased energy. If you invest in health at a young age, you will never have problems with time, money or health.