Why Net Worth Goes CRAZY After $100k!
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- เผยแพร่เมื่อ 19 พ.ย. 2023
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This is why your net worth will go crazy, as long as you can make the first $100k!
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@@renatosureal the only way to really make money is to make a bunch of chumps to sign up for your product
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas
I think 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.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, 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.
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.
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.
Thank you for your videos mate.. Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Whitney Eston which has made me almost 13.5 on a 3.7 btc Trade capital over the last few months. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts....
She's often interacts on Telegrams, using the user-name...
@WhitneyEston
I appreciate the professionalism and dedication of the team behind Whitney's trade signal service...
I have been working with Whitney for about a year now, her total professionals has delivered solutions well above my expectations, all thanks for putting this out here.
sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journey!
Personally, I think investors will start to seek more market diversification. can i confidently invest about $350k into the financial markets in 2024? I'm still not sure how rates will effect the market just yet, which worries me a lot.
I think investors who are wary of changing market trends should seek out bear market directions from certified strategists/planners. Safer that way
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Do you mind sharing info on the adviser who assisted you?
'Lauren Marie Ehlers'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
Thank you for sharing. it was easy to find her, then I scheduled a phone call with her. She seems proficient considering her résumé.
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think 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 consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, 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.
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
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.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, 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
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
I completely agree, The first $100k was the toughest, and I didn't really start seriously investing until I was 32 back in the 90s. Today, I'm 55 with a decent $3.2M nest egg, thanks to the early guidance I had. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
It's really not as difficult as many people presume it to be. It just requires a certain level of diligence, which is something ordinary lnvestors lack, and so a financiaI advsor often comes in very handy.
True. This is why I work with an investment advlsor. I currently now have over $880k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures ballpark goal this year.
I appreciate this share. I just set up a call with her and I am keen on getting to talk to her particularly. Many thanks
SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM 😏
Did you invest in a mutual fund? At 30 yo I have 3, 25k separate CDs (75k total) earning 4-5%, 30k in a mutual fund, and 35k inherited in a singular defense stock. Was thinking of moving the defense stock into the mutual fund.
I'm a 52-year-old QA Specialist at Confluera, with an annual income of $150,000. Although I do have a retirement account, I'm keen on exploring short-term investment opportunities as I prepare to shift to part-time work in the near future. What would be the most suitable strategy to achieve my goals?
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation
*Jennifer Leigh Hickman* You can easily look her up, she has years of financiaI market experience.
Her name is "Jennifer Leigh Hickman" . I can't divulge much. Most likely, the internet should have her basic info, y
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, 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.
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.
Her name is 'MICHELE KATHERINE SINGH’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
i am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again
Every crash/collapse/recession provides an equal market opportunity if you are properly prepared and knowledgeable. I've seen people amass up to $800,000 during crises and even with ease in a bad economy. Someone has undoubtedly become extremely wealthy as a result of the crash.
I get all this.. but how should you invest AS a beginner?
I’d have $8,000 willingly to put down, What is a good way to start?
You need a pro or very goodTrader. Someone like Stephany Reuben
Steph excels at capitalizing on economic shifts and I have confidence in her trades
i tried doing it myself and almost exhausted my portfolio until i met steph
Now they yield about $17000 monthly
any idea on how i can get ahold of her?
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think 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 consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, 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.
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
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..
Thank you for the lead. I searched her up, and I have sent her an emaiil. I hope she gets back to me soon.
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.
We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@_LauraRowley How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@LiamFetherstonhaugh Rebecca Charlotte Craig 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..
With around £220k invested in tech/TSLA stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
You're correct; I always advise new investors to seek guidance from professionals and to invest under their supervision for successful long-term gains.
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@CharlesLarocca Rebecca Charlotte Craig 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..
Rebecca Charlotte Craig is my financiall advsor too; from the moment we started working together, her guidance instilled in me the confidence and trust needed to invest boldly without the fear of losing, and I'm truly grateful for her dedication and transparency.
I just hit $100,000 net worth this last quarter from saving and i plan to invest in the stock market to see it grow in the next 3 years. What is the best way to navigate the stock market as a newbie?
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. it's unnerving to see your portfolio go from green to red but as mentioned if you have invested in quality names just have to keep adding to them and stay the course.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.
Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
“Vvian carol gioia’’ You can easily look her up, she has years of financiaI market experience.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
investors can never be sure what will happen next, bearish periods ultimately establish a new set of stocks to buy and watch while setting the stage for a robust new uptrend. I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
For the average citizen, the tactics are rather demanding. In actuality, most of them are effectively completed by experts who possess the necessary knowledge and skill set to carry out such occupations.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
fascinating! I am new to this whole thing. I've heard that now is a wonderful time to buy, and basically, I have some cash hanging around in the bank that I would really like to spend, especially since inflation is at an all-time high. Who is this coach that helps you, and may I check them up?
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
money goes crazy after you save 100k not only because of compound interest, but because the amount of time and effort to save 100k will engrain the habits and lifestyle choices you will need to ever become a millionaire. whether it's extra work ethic or just being frugal, saving 100k REALLY helped me on my own discipline journey.
The same concept applies to starting the savings habit. Everything changed for me after I saved my first $1000. And before that, it was a Coca-Cola cup of loose change. That $87 cup of change inspired me to finally save a bit of money on every cheque. The first $1000 a few months later showed me how easy it was to get "A THOUSAND" dollars. Once I had that first 1k figured out, 10k wasn't far behind.
@titolovely8237 This is such a great point you made here...
@titolovely. You made the perfect point. What this guy says in this boring video can go wrong in many ways but your work ethic and experience will take you far once you get it right.
You are correct, usually if you are able to save 100K, its not only the habits but you got something going for you to make money. Because of experience, you can even make more money every year.
. *Having money also gives you purchasing power, so you buy things cheaper without having to borrow with interest.*
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
I started working with Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Please how can I get in touch with this Alex Gomez? I really need to give him a try
he's mostly on Telegrams, using the user.
Getting to 100K is a huge psychological win as well...
@@Robyn18737 invest a tiny little bit of it into Kaspa and HODL
Getting to 0 is also a big win
@@janco333 beein a 0 like u isnt a win
@@Robyn18737 Oh Behave
@@Robyn18737same here bro almost there started year & a half ago 😎
I have one income and four kids. It took me until 45 to save 100k. I am now saving almost half that much a year now. Its amazing how much easier it is to earn money at 46 than when I was 26.
Hi, fantastic job and a great message to everyone on the channel. Thanks for watching MT 😎
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
The last 15 years of low interest rates have supported the stock market great run. The next 15 years will not necessarily yield such great returns assuming rates stay up or even go up from here due to persistent inflationary pressures.
So you saved 100K along side paying a mortgage?
If the market only went up 7% every year this would work! Average returns of 7% are not the same for this equation.
These are fantastic takes, I was really hopeful of my investments this year, but I followed some stock suggestions that didn't go so well, I've been studying the market crashes and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?
Yes, cryptocurrency crashed the last couple years, so it should be starting a new run to a new high.
Throw it into AI stocks , I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income to create more cash flow. I grew to a 7 figure well-diversified portfolio just by following Trisha Jean Webb's recommendations and having exposure to different prolific investments mainly blue chip stocks, precious metals, and high yield dividend funds.
@@RandyPelletier just checked your FA out , she looks really impressive.
There's some new stocks with really high MONTHLY derivatives (65% , 79 cents), like QQQY but these tend to drop in value; so either get your investment back in 2 years by taking the derivative or risk reinvestment for compound high interest fast.
@@rogerstone1842Scam bots 🥱
This is true. I saved $100k by age 30. Kept investing about 20% of my salary. At 59 I have $2.3 mil networth despite losing half my assets in a divorce 9 years ago and making several classic investment mistakes.
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Inspiring
@@angelicavsvdvSCAM!
@@esqu1re thanks for taking a moment to stop by before now at the beginning of my investment journey I know how I felt with my losses it isn't a good feeling and I don't wish that for anyone
Those divorces get men EVERY time. Something so rarely mentioned in these videos but with the way the court system is set up every man needs to consider. Smh
Hi Mark, also the health issue is very very important.
Doing all these hours can mess up your life hygiene very bad (junk food, cigarretes, your sleep). Eating healthy, sleeping more than 7 hours/day and not having any bad habits are essential in this journey.
Also 15-30 minutes/day of normal physical exercises just to stay in shape are very good.
@@romanvssvmromanialossing weight is hard plus the genetics.
“Discipline is the currency of success”
Best advice of the entire video. A great quote to put on the wall
Discipline and having 833 each month to invest every month (10k÷12).
The other "H" in this is "Health". If you give yourself the opportunity to live a long life, the money you save will be worth more for longer. It's amazing to me when I talk to people that hit the pub every single day after work and spend $30 to $50 on alcohol. These same people smoke, eat poorly and drink (and maybe do other things as well....). Then they complain about their life.
Hi Johnny. It’s always amazed me as well. Good luck my friend. MT 😎
I have recently discovered keto diet and it has changed my life! I’ve lost 12cm around my waist. My 20 year old lipomas have almost disappeared. I can see my abs! My back pain has gone and I feel great! Wow, I am so happy right now. I’m almost certain it is because I have drastically reduced carbs and sugar.
I can’t take keto / any animal protein diet. My cholesterol shoots up , I’m Statin medicine intolerance so i change my diet to 90% vegan . Everything’s under control without medicine. Live healthy and then focus on wealth .
The other "H" stands for hoe's .... Like Andrew Tate said pimping hoe's degree!
@@davidhamtaroplease learn more about cholesterol. It is so essential for hormones etc that your body makes it. Vegan might work short term but you will suffer long term.
Enjoy your videos, would love to have you on Masters of the Market... However, it really is true, after $100K, compounding works like a charm. Likewise with anything in life... Momentum begets momentum!
GREAT explanation!! Pretty much things I already know but love the math shown and the reinforcement of ideas I already value. Thanks for making this video!
Mark’s potential is limitless. wealth has no shortcuts, do this.
I am fortunate I made productive decisions that changed my finances (accumuIated over 1M in 2years) through my financiaI coach. Bought my 2nd house in January, and hoping to retire at 52 by next year.
”Don’t lay your eggs in a basket.” l attained weaIth by varying 0ptions with the aid of my finance pro. and so far have attained so-much in my finances; give this a try and attain weaIth.
REBECCA MARTIN WATSON
i’m amazed to par-take on this, lt has rekindIed the fire to my finance goaI
Do business
I can attest to this. Years ago, when I surpassed $100k, my brain changed - it didn't take all that long to save $100k. But, going from $100>>$300k was so easy. Then, $300k >>> $1 million etc even faster.
Hi, great job my friend. MT 😎
Can I get an e transfer :)
Ya you lived in a diff time. Easy to save 100k
@@therealpg777 Lived in a different time? I'm early-40s. Think about how much in career earnings that is. Millions.
@@kylepickrem6310 Cute !
I hit $500k in my early 20's thanks to a substantial personal injury settlement and aggressive saving in my Roth IRA/Roth 401k and I'm already seeing the benefits of compound interest.
That's lucky for you, I live in a no fault accident state and all they gave me was a paltry $24k after I lost 65k in wages and then had $70k in medical bills. That is with disability insurance.
Not just compounding. Your income tends to rise with age. You get better at spending money, knowing what things are worth and what you really need.
Just found this channel. Very good info! He is right!!!! I had over 100K in credit card debt. Took me 7 years to pay off. Then I when I paid it off took the same amount of $$ (monthly payments) and started investing. In 4 years I finally made it too a little over 100K! That's over a 200K swing! I did all the things he mentioned in the video. If I can do it with a family and living in an expensive area so can any of you. Good Luck!!!
Can I ask, what did you invest in? I've never invested in my life and find the whole prospect scary. I always believe I will lose out.
@@RuddsReels As the video mentions about 10 times, you should just invest it into an index fund like the S&P500 (or FTSE All-World), which consists of hundreds or thousands of companies. As studies show, it's extremely unlikely you will perform better than a (diversified) index fund.
@simobp6339 What income were you able to do this on?
Quite frankly the most helpful explanation of compound interest and tax efficiency that’s practical to me a 46 year old male just getting divorced and starting again. THANK YOU SO MUCH!
Listen to Terrence Popp. It will help you get through the divorce frustrations.
You can do it!! Put in the work, and pray hard - things will be alright.
You got time bro... keep pushing
@@tjsoko15 🙏
Praying is not going to get you anywhere.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them...
Absolutely! Having a financial expert has been a game-changer for me. They provide tailored advice that takes into account my unique financial circumstances, which has helped me make informed decisions and avoid costly mistakes.
Financial experts such as Dustin Dwain King offer extensive knowledge and experience, aiding clients in crafting tailored financial strategies to achieve their objectives. Recognising the significance of expert guidance is essential, especially in investment management and risk mitigation..
Exactly, having a financial expert by your side is invaluable due to their ability to provide personalised advice tailored to your specific financial situation. With their expertise, they can help you navigate complex financial decisions, optimize your investments, and develop strategies to achieve your long-term financial goals.
You are absolutely correct... I engage in the stock market by studying going back years to understand the End Game... I believe and I am in no fear about what it shall take more, I am very disciplined when it comes to spending 👀👂👂✨
This is the first video I've ever seen of yours, but I received so much value from it that I've subscribed! Thanks for the great info!
"discipline is the currency of success" i'll never forget that.
Subscribed.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.
I'm surprised that you just mentioned Veronica Hoy here. I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
Hoy's expertise in customizing investment portfolios based on changing market conditions and personal risk profiles is exceptional. It's not a one-size-fits-all approach, which is crucial in crypto investing.
You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
This is EXACTLY RIGHT! I've been putting money away for the last three years trying to get to 100K. I'm not there yet but I'm getting close!
When I got hired with a company that offered 401k with matching, I took full advantage of it by putting in 15% of my salary in. It was a hard thing to justify when I only made 50 to 60 k. But I’d say it was worth the sacrifice. 5 years in, my investment portfolio is now cresting 80k. It won’t be long before it breaks 100k!
_A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
I just signed up for 12% of my check and I make around 55k at that job. I work a second job just to make up for the money I’m not bringing home. Matching is free money so we can’t pass it up
@@richardhaney3688what second job?
You must be very lonely there is no way you can live with a family with less 15% of your salary
@@PepeCoinMania you sound poor. Go troll somewhere else.
This is a pretty good reality check as to why poor and working class people *usually* stay that way. It takes quite a bit of hard work, thrift, and discipline to go from $0 to $100,000. Hell, if you think the first $100k is hard, just managing to hang onto the first $10k can be infuriating. Life wants to keep you poor and in debt...that's unfortunately the norm, and many never reach that critical escape velocity where they're living a comfortable enough life and really stacking it away.
Not just the poor! You have no idea how many high earners live paycheck to paycheck because they are all about getting the bigger car, the more expensive clothes, watches, bigger house etc. They purchase liabilities, not assets. They're all about status symbols that boost dopamine for a couple days but generate zero income.
From outside, you see them on the street or on instagram with the nice car and suit etc. you think they live the best life, but really they are stressed af because car's on lease, house's on debt etc., and their high paycheck barely covers it, and they're stuck. But once they get this lifestyle they don't want to give it up, it's a self-fulfilling prophecy.
I'd rather live a simple life but invest and know I'll be financially independent in 15-20 years.
Capitalism baby!
Escape velocity is a good way to put it
. *It also requires a person to have an income that surpasses basic living expenses. As the gentleman in the video mentioned, it's harder "now" because of less income earned today per same job.*
@snoglydox bit he also pointed out that in some ways it's way easier now. 20 Yeats ago if I wanted a second income, there was no TH-cam. There was no Uber or DoorDash. If you wanted a side hustle you needed to save up started capital and literally start your own side business, or you had to have a second (often full time) job that was willing to schedule around your main work. We also didn't have access to our investing accounts from our cell phone to make trades on the go, the list goes on. Sure inflation is a motherfucker, but we also have tools at our disposal prior generations could have only dreamed of.
If somebody told me that when I was 20.... I´m 40 now and made my first 100k around 3 years ago. Now it´s around 200k - so yes! You are absolutely right with all points in that great video!
There are many ways to approach this. One major thing is to redirect focus from the self gratification now, in order to save and grow to where later you can live your dreams
Great mention of starting a business around your passion to save money on tax. As a skateboarder, I started a skate school and now all of my new decks, wheels, bearings ect are tax deductible!
Hi, that’s fantastic my friend, I wish you many years of great success. MT 😎
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart
Building a good investment portfolio is more complex so I would recommend you seek Michelle Stewart support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams.
Stewart's expertise in customizing investment portfolios based on changing market conditions and personal risk profiles is exceptional. It's not a one-size-fits-all approach, which is crucial in crypto investing.
What impresses me most about Michelle Stewart is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
I'm new at this, please how can I reach her?
she's mostly on Telegrams, using the user name
I’m 42 and didn’t start saving for retirement until I was 30. I’ve now got a little over $200k in there and it’s growing fast. I’m a local truck driver and started putting 10% of my income in and automatically raised my contribution by 1% a year until it hit 17% where it’s been since.
Average income has probably been around $80k and it definitely varies. It’s never too late to start! It can build quick!
put it in bitcoin and double it
Never do that please
@manasaReddy-oy9ey Why not?
Same. Started from stratch at 33-34, seeing it crest above 200k finally gives hope one can turn it around. Saving about 30% combined with the match.
@@Save_the_Stick_Shiftsdamn , how are yall living and saving that much ? lol
Absolute facts. First 100k made me my first 1M. Took a while but flipping that money into more and more profitable businesses. It enabled me to leverage debt because it was enough equity to secure larger loans and get bigger deals.
If you don't mind, could you please give an example of a good business deal?
@@user-xn2wg2oe7sSorry friend but that's a really stupid question.
That's hugely relative because a good business deal could be something as simple as getting a burger for cheaper than usual. Putting 100$ in bitcoin 10 years ago would be a nice business deal now. Having more money which is capacity to spend and invest opens the door for much better (and worse) business deals because investors will be interested in you.
as long as you weren't a LL parasite and they were businesses of value I agree with your sentiment.
@@mykeprior3436lol. I know many people who used to be landlords and ended up exiting their investments because of how much work it was or because tenants started destroying the properties and had to go to small claims to get their money back. Being a landlord is a service and you deserve to be rewarded because it takes WORK. I don't want to own a home at this current stage in my life where I currently work and homes are way too expensive where I live anyways. A 1BR apartment suits my needs fine and allows me to stash over $10k a month into retirement and investments. Not having to deal with maintenance and yard work and the plethora of other tasks associated with homeownership is awesome because my wife and I like to travel. We also doubled our incomes in 2 years by being mobile and not strapped down to one area.
It's all about taking calculated risks. You have to know when to hold and when to pounce. Wait for opportunities and trust your gut.
As my net worth increases, the less I want to spend…it’s directly proportional!
Hi mark I have been trying to max out my stocks and shares isa and have done for the past two years so I’m now looking at a portfolio of 58k at 20 years old hoping to hit that 100k mark within the next two years keep up the good work inspiring people
Hi, WOW !!!! 🤩 that is amazing my friend, building the foundations to your empire. Great job keep on track . MT 😎
This is 100% correct! Finally a video that explains it clearly
MARK IS AMAZING. “HOW I CREATE WEALTH”
The first step to creating wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI coach, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (accumuIated over 1MiII in 2years) through my financiaI coach. Bought my 2nd house in January and hoping to retire at 52 by next year.
Give it a try and attain weaIth.
researvh the name, lf you care.
REBECCA MARTIN WATSON
l’m amazed to partake on this, lt has rekindled the fire to my goals.
Thanks mark for all of the useful information
What I think was missed in this video is the importance of living and enjoying as you build your financial empire. Trust me on this, folks. As the late Jim Rohn once put it, "you can get more money but unfortunately you can't get more time. Time is more valuable than money." Mark those words.
_A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
great information sir, thank you so much for the effort of making and uploading this.!
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not
sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $300k reserve.
Making touch with financial advisors like Kimberly Kent who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Her strategy trade EUR/USD is quite impressive and her currency pairs are 100% beneficial. With her help I've been able to leave my 9-5
+1323
makes me depressed. I was worth 200K in 2022 and lost it all from leveraging too much with margin in Tesla. sucks so bad.
Well I suggest you seek a financial guidance someone who can help you carry out your trades perfectly to avoid loss because the losses in this game could make one cry and depressed for a long time
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY.
The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 170k you could try less
@@Patri850or just not be dumb and gamble. Pretty easy to just DCA into an S&P 500 Roth IRA BTW. You're getting scammed with a financial planner. Hate to be the bear of bad news
@@Patri850always cracks me up when people mention financial planner as if I made the gamble not knowing the risk. I knew the risk I was taking lol
Hi mark,
Great advice 👍
I currently have 9k in an emergency fund and 12k in my stocks and share Isa. Now focusing on how to improve my income, every year I have seen growth in the business but have hit a wall the last two years and can’t seem to push it further ! Your videos always help.
Amazing work Adam! I hope to see you in the $2k challenge 🙏
My advice is to not exist in the present environment when inflation has taken away peoples spending money. Travel back in time to an easier environment for small businesses.
Let me know if this works for you!
Unfortunately my Delorean is being serviced but will keep trying to get back to easier times 😀
@@SigFigNewtonUh...what? 😂 I mean, I should travel back to like 1961, then. The damage is done, bro. More on the way.
@@bb5242 damage mostly done since Reagan
Great video, always love seeing the power of compound interest!
I enrolled in the 401k plan my 1st week with my current employer in Feb 2019. I’ve salted 16% of my salary in the Fidelity S&P 500 index and currently sitting at $110k.
Smart! The index fund has the best (smallest) fees and will probably perform as well as the other selections.
This is the most honest in depth and easiest to understand financial video I've ever watched. Well, the best content about finance I've ever come across even counting the books I read.
Like your explanation and hands on approach to talk about how small start doesn't work with compound income (be it saving interests, investments, or hard assets/machine leverage) is great! And it tackled the very thing any financial contents hide from the audiences because they don't want people to give up on investments.
I know this because I did lots of math on compound interests even when I bought my first apartment room (yes, not renting) and also "bet" on forex, that small money doesn't worth my time, I'm better off working on what I love.
For forex, I used to bet on digital binaries, imagine making 16 head bending decisions a day just to triple my $100, and lose it all in 15 seconds, yes, that's how much it doesn't worth.
Hi Mark, I'm 21 and have worked since I was 16. I currently have about £22k saved, £2k invested into my vanguard ISA and a £3k emergency fund. My question is, do I need to save for a house deposit first via my bank (if so how much would you recommend) or shall I just focus on maxing out my ISA as much as I can? If I go the way I am, I'm confident by the time I'm 25-26 I will have £100k. It's just I won't have £100k in once place, it will be across my savings and ISA. I'm not sure what I should focus on first as I want to get on the property ladder before I'm at least 26. Any help would be awesome! Harry
Dave Ramsey has a lot of videos on this.
Hi, I would personally look at around 30 years old as your goal, no one needs £22k in a savings account when you can max out a stocks and shares ISA . The way you’re going you could very well have a million before you hit 30. Keep your options open and take a decade of sacrifice so you can then live a lifetime of freedom my friend. MT 😎
@@marktilbury wow you really opened my eyes here! This is now my new goal. Thanks Mark!
Im 20 and have like 100k cad saved. Thinking of buying a foreign a start a car rental business. Most of my friends do it already so we will share clients. Risky business but every business is risky, just gotta try it.
@@Netcode- VUSA & VHYL my friend. See you in the lounge 🚀
one of the best videos i've watched in a while. subscribed!!
Hi Mark,
first of all: Thanks for all these helpful videos you for the community. As an aspiring entrepreneur and online tutor from Germany I'd like to ask you, which board + pencils you are using in this video, it looks gorgeous. Thanks!
The compounding interest is more a factor the larger your balance. Eventually the compounding is more than you can contribute in a year. In the beginning you have very little tangible compounding. in 2016 my 401k balance was 250k, and I was at 600k by 2020, and almost 800k in 2023. I suspect I'll get to 1M in the next 2 or 3 years.
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY.
The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
Think of all the people who began with 100k from daddy and called themselves a completely self made man at 1mil, honestly believing that they did 90% of the work.😝
Good for them, the important thing is that they learn to manage money, save, and invest.
Great advice. One of the best financial advice videos I've seen and I became a self-made millionaire at age 27 from £0
How long did it take and how did you do it?
@@Sx-xy2zi It depends how you look at it. Positioning myself to look like a good credit risk on big mortgages took a few years, but in my first year I made around £1.4 million profit and I had built a decent property rental portfolio yield.
Excellent Video, all financial videos should follow this structure! Bravo
I'm really hoping and working towards my 100k. Its such an interesting coincidence that you've made this video.
Because I've been dreaming about the 100k something so liberating and as a huge tool towards the first M. ❤ thanks.
Amid widespread anticipation of a market downturn, there is a prevailing sense of pessimism perpetuated by the media. However, for astute investors, this atmosphere of apprehension presents a unique opportunity. By focusing on the fundamentals and strategic investment decisions rather than succumbing to prevailing sentiments, individuals can leverage the market's potential for long-term financial growth and security. It is imperative to maintain a discerning perspective and capitalize on the opportunities that arise during periods of uncertainty.
What prompted your decision to begin investing in stocks despite the prevailing market sentiment?
What advice would you offer to individuals navigating the current market environment?
I recognized the potential for long-term financial growth and security by making strategic investment decisions
Your insights have been truly enlightening, and your perspective deeply resonates with me. I am eager to further explore the strategies you outlined and would greatly appreciate the chance to connect with you. I am keen to discuss how to effectively seize market opportunities, and your expertise in this area would be incredibly valuable to me.
1213
Congratulations on 2 million subscribers and always producing great content. You’re one of the reasons I decided to start my own channel. Thank you sir!
Hi, That is awesome! Good luck with your channel I hope it goes from strength to strength. MT 😎
@@marktilbury thank you!
I love his voice. Reminds me of 'the wrong trousers' guy voice.
Informative video.. Thank you Mark.
Great tips!
I totally enjoyed watching it!!
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Only works for so long, until you realize the system is rigged.
My 1st 100k took almost 17yrs.
2nd took almost 4yrs.
Going into 3rd right now after almost 3 yrs. But now Im more focused on Roth and Im maxing from here out!
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY.
The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
the real problem is.. we run out of years.. eventually.
@@lionrock2023 you said run out of years
My dear they are 365 days in a year if you ask me alot can be done when you have a certified FA
this is precious knowledge my man
Housing- most people buy way more house than what they actually need, accumulate things to store in the house. Live practical. Take advantage of low interest and pay for things in full if it’s going to be high interest.
Another great video Mark 😎
1st 100k the hardest after that if used correctly it just compounds to make more...
Got my plan on leaving my full-time employment and working for myself in 2024 🤞🤞
Building wealth means making a habit of saving money regularly and investing wisely. Instead of trying to predict when the market will go up or down, it's better to have a diverse portfolio ready for anything. Some people have been making around $150k every seven weeks for the last four months following this strategy, as per Bloomberg.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.
Would you recomend buying stock/funds/etf at a bankdepot or use apps like trade repulic which have way lower fees.
Hi Mark…. Thanks for chatting this afternoon. Look forward to receiving the information…
There's another one for companies, but it's kind of the opposite. The first 10 million may not be "easy", but becomes more difficult to go beyond that. The game changes and not everyone who took a company to 10 million can make the jump to 50 or 100 million.
If you have a company working and with revenue you are privileged a lot most people works to make bosses rich and buy new boats
I agree. Took me something like 20 years to accumulate that first $100,000, starting from $0. Was much easier after that because I accumulated investing knowledge along with that $100,000 during those 20 years.
20 years? Holy crap youre doing something wrong if it took you that long. It took me 3 years from 0. But I'm a maniake
20years to 100k lol. Might as well spend the money cause you’re not good at accumulating wealth
@@kokaltiIm from Venezuela. How can i make 100k?
Condiments@@eshankhot
Congrats. Dont listen to the haters here. Developing your mindset along the way is the most important part
This is a really great motivation and perspective for us in the beginning of our journey
_A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
9:54 Discipline is the currency of success
I've already noticed that 25k to almost 45k was easier than the first 25k. I think it's crazy that I've gotten used to numbers like that now. 2 years ago when I started it was a huge amount for me. Just as I think about 200k today, that will probably become normal for me in this year.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
I would advise you employ the strategies of a professional.
Which professional would you recommend? and how can i reach them.
He's on Instagram
I was mentally ill for the last 10 years or so and lived off government support. I never really got ahead but I understood investing. I dont quite have 100K yet but I am debt free and with a nice amount invested. And I am healthier so I can start increasing my income. I am used to spend basically nothing and everything I earn goes towards my future. Its not a lot, 200 dollars a month or so saved, but it compounds.
Some people may think the most important part of this comment is about the money.. In reality it is that you are heathier! Im so happy for you brother. If that health isnt on point there is legit no reason to have all that money saved to enjoy later down the line. Wish you the best in the future and good health!
Keep fighting the good fight.
Pill popper aye
Bless brother.
Glad to hear you mental health is better, way more valuable than money. SAving whatever amount is a great habit to have built. Hope both journeys continue to be positive for you.
In general the advice is pretty solid for those that have no clue about anything… but for those that already are deeper into the “wealth generation process” it starts to breakdown… people need cashflow to live so investing and saving is not sufficient. Also the cheapest and fastest way to generate wealth is using debt… which btw if used correctly is TAX FREE. For instance, the wealthiest people on earth built their wealth through debt, investing in real estate for instance (rental property)… so to conclude, although the video is genuinely trying to help it falls short for those that already know the next step forward
Every word you said in this true and so vital to increase wealth. Incredible video.
The S&P 500 average yearly return of 7% is an average based on the last 90 years. Some people believe that means a 7% return every year which is not the case. It's meant to be a long term investment, as in the longer you let your money grow, the more likely you are to get that 7% average. If you expect those numbers with a 1-5 year investment during a bear market, you may be dissapointed.
True but the average return is increasing in the more recent decades. 90 years ago they didn't have cheap debt the way they do now to inflate assets.
lucky for those in 2010-2020
@@macbr9 so is the frequency of financial market crises and so too are the drawdowns.
Didn't the USD also lose like 98% of its value over that 90 years?...😅
@@EroticOnion23 against what? That's the key part.
It’s nice to hear this I’ve been maxing out my 401k, Roth IRA, HSA accounts for 3 years and it’s been hell. I see my friends going out constantly and I have to sit at home or work extra hours even though I can do the same. Hopefully I can see the snowball more clearly soon. The S&P500 finally doing good is definitely helping but how do you stay motivated for so long?
Careful about saving too much. Opportunity cost is real, you might be rich later bc of it but you're not meeting people or living your 20's out.
You can't get that time back, so try some moderation to make sure you don't have regrets
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY.
The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
I am writing a book on growing wealth and personal finance that comes out of 43 years of experience. You are doing exactly what you need to be doing and you will get the last laugh some day when the people wasting money today have much smaller net worths.
I would try to figure out how much you plan to need in retirement. And figure out what you need to do to maintain that pace. After that, I would consider investing in a brokerage account. It doesn’t have the same tax advantages of retirement accounts but you don’t have to wait until retirement to withdraw money. I think this is a big thing that a lot of people miss. They grind their whole life trying to get $10 million in an account that they’re not going to touch until they’re 65. Money is just a tool. God gave you a life to use it. All the money in the world at the end of your life won’t buy you another second of time that you could have used for quality time with your friends or family or helping someone in need etc.
It’s a marathon, not a sprint. Make sure it’s sustainable. I highly recommend budgeting some spending cash (and/or a certain weeknight every week or monthly, if time is your limiting factor) to be able to go out with your friends. that frees you up to go out and enjoy life, and yet limits your time and money spent (by having a strict budget). You save now so that you can enjoy life later, and that’s important. But your well-being and sanity is also important, so you gotta find the balance.
Great video😊
Thank you Sir
New to your channel! Really enjoyed it! Thank you!
No, the real reason is that fixed costs eat a larger fraction of a smaller net worth and you end up "running like mad just to stand still" like the Red Queen. As your net worth grows, your legs grow longer (return rates act on a larger principal and yield a greater annuity) and your Red Queen can start actually getting somewhere.
It’s called inflation and it has been going faster and faster. So you need more to get out of the hamsterweel… Get out of the dollar and in to hard assets is how you do it
@@LaplantFilm You'd have to find a hard asset that (reliably) outperforms inflation in the long term. (Or, equivalently, if you can reliably identify a series of shorter-term assets that do this.)
Completely agree with the 3 first comments. The inflation is your real enemy. I also would add up that when you are younger you need to buy the basic things that you still don't have and make your life productive, like house, car, forniture, eletronics, clothes, food, bills and etc. Then you have a fixed debit that you need to overcome. And, to overcome it you need time to get better jobs positions and income. After some time you surpass the debit and start investing. To overcome it easier and in less time, you would need to get the investing knowledge before starting making fixed bills and have somehow a way to avoid other expenses. Better if your parents give you support to achieve it. But that's not the case for many people. So, each of us "starts the race" at different positions and speeds.
Unbeliavable no one is talking about inflation here
Market gives 10% he uses 7% that is 3% for inflation wtf are you crying about here?
@@grigorirasputin425 this 7% is without tax.
Keep up though awesome innovation
I agree about how hard it is to get the first £100k!
Overall rate 6.7% over 37 years
I've just plotted out my personal pension pot journey over 37 years.
The first £100k took 18 years
Next £100k took 8 years
Next £100k took 5 years
Next 100k took 4 years
Current 100k at 45% work in progress.
Market hits:
1990 recession
2000 failed pension company (Equitable)
2008 recession
2020 to 22 Covid
Drawdowns since retired (7years) £70k
I already made a 100K, but here's the caveat: the first 30K went to paying off study loans, the next 30K to a home deposit, now close to 40K for the first time. Slowly but surely I'll get there. Thanks for the reminder :)
Hi Mark, I’m in Australia. 41. No debts. Running a business turning over 200K profit (after my salary’s paid). Do I invest the money in shares, growing my own business, housing (Australian housing prices are ridiculous)… or something else?
the answer depends on your preferences. What is your main interest? Get a high ROI? Secure or expand your Business? Get some cheap dopamine (have some gambling fun)? You need these answers first
Great content as usual!
Thanks for the video! I am very confused on what to do with my money and any pointers would be greatly appreciated.
For financial information.
I have 70K just sitting around and not sure what to do with it.
- I take home 60K/year after all expenses paid.
o Expenses include: Medical, Dental, Life and 20% into my retirement.
o Retirement is growing slowly and I don't expect to hit the 100K mark until 5-6 years from now.
- I have paid off all my debt minus my rental property. I net profit $300/month from this.
- I have an emergency fund saved for 6 months and have $5K for "FUN" money for whatever I want.
My question is, what should I do with my 70K? I have some in stocks so its not just sitting in a bank. Am I on the right path or should I be doing something more with it?
Hi Mark, love your content. Why did you use a monthly compound rate rather than an annual one - the difference in the £1M example is £70,000!?
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
@@angelicavsvdv SCAM!