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?
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 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.
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!
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.
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 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
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.
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.
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.
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
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 😊
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.
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)....
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.
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.
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.
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
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?
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.
Health investment starts in childhood. Parents should know this. Self-mastery in health starts also as you decide to want quality life from youth to old age... Health investment doesn't start after 30s.
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 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
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.
~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 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 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.
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.
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
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 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 ...
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
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.
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.
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.
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? 😂
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.
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
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.
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?
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 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.
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.
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 feel one should start taking care of their health from their 20s.
I love Alux with the way they dish out financial knowledge.
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...
Thank you for the great knowledge you are giving us!
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
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.
Lots of love from pokhara Nepal ❤ 0:09
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.
I'm only 26, but the 30's plan real suits my ears ❤️💗💗 thanks a Lot!! This means a lot to me
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.
I’m a 46 year old teacher on break! Going back to my class to discuss this video! Especially the opening! 🤷🏾♂️✊🏿✊🏿✊🏿😂😂😂😂😂🇺🇸🇺🇸🇺🇸
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
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 😊
very helpfull for us approaching 3rd floor
My advice is invest in your self
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.
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.
Hustle in your 20s. You won’t regret it.
Yes!! Another Alux shout out to Home Inspection!!!
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)....
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
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.
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 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
Excellent
Love from Syria
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 ?
Another Awesome video Thanks Much Love ❤❤❤
In term of Financial Investment: invest in Life Insurance as early as possible
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
Good one ❤
Health investment starts in childhood. Parents should know this. Self-mastery in health starts also as you decide to want quality life from youth to old age... Health investment doesn't start after 30s.
Amazing vedio that full of smart money moves info 😊
The richer you are the less you need
The less you need the richer you are
you are welcome
Thank you Alux!
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
Thanks so much!
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 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
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.
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.
~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 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.
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 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.
This is golden. Thanks Alux
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.
Compound interest the 8th wonder of the world Albert Einstein
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.
Thanks for a great video!
/Marie from Sweden
29th B-day living in a car. To answer the question
Take overview and tips from TH-cam and take the whole picture from books
Check spelling on title
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
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 ...
Invest in your health as soon as possible
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 ...
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
narrator says you have move to watch 15 videos in alux channel daily so money moves from alphabet to alux
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.
Health is Wealth
Since like 3 years now im glad every day that i fould somehow this channel ❤😊
I know many older ppl who have health money & time. They're very wise with all that they have.
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.
Age 28yrs I invested in properties.
Invest in yourself. Stop using uneducational social media content.
Northen California her
1:29 MAKE YOUR FIRST INVESTMENT... AND LOST YOUR FUTHURE SO EARLY AS POSSIBLE....
26
You got it wrong about owning real estate in your 20s.
Mid 30s. Read RichDad poor dad first. Even if is not your style you riches, it’s the best base to build.
Whatever happened to buy land?
Hello
You damn right Im a late bloomer,
You heard of intermittent fasting.
Intermittent investing is spending less than what you earn then investing the balance in assets that create passive income.
As a teenager
Investment in healthcare and retirement funds
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 will subscribe, like your all channel
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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
Investment.. how is it attainable???
What higher paying investment is working right now and future proof
Amazing advice. Thanks so much
When i see book summary of rich dad poor dad when I realised importance of financial education
11:11
Level 5 is important
✊🏿✊🏿✊🏿✊🏿
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? 😂
when you showd me
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.
I WOULD LOVE TO WATCH A VIDEO ON " 15 REASONS TO LIVE SIMPLE " BY ALUX.
pay yourself first .
Use life insurance as a tool to compound money.
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
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.
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.