My aunt passed away, and I inherited some of her portfolio and cash savings. I'm 51 and have about 400k in cash savings. Everyone's telling me to invest, so what stocks are good for a long-term buy? The only major purchase I plan to make is buying a home in 5 years from my returns.Any guidance in this regard would be much valued.
I would advise the counsel of a seasoned financial pro. It may seem pricey, but as the old saying goes - "you get what you pay for" "Expert solutions require Expert providers" - my mantra
Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age before 65.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
Judith B. Richards is my FA. Just google the name and you’d find necessary deets to work with. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad i did.
the first step to gaining wealth is figuring-out your goals either on your own or with heIp of a financiaI pIanner and foIIowing through with InteIIigent pIans; you wiII gain financiaI growth in no time and enjoy the decision of managing your finance
I am fortunate I made decisions that changed my finances for the better (gained over 1M in 2yrs) through my financiaI pIanner. Got my 2nd house in May and hoping to retire next-year
It depends how they get the 1 million. If the average person was just given a million dollars no strings and they have never had experience with large sums of money they will be miserable almost every time. Jim Rohn is one of my favorite speakers of all time. R.I.P. He said, " if someone hands u a million dollars best u become a millionaire quickly so u get to keep the money. Other wise it will soon be back in the same pockets."
Y'all are both nuts. That would be deposited to my bank in Indonesia and I'd completely disappear never work a day and my great great great grandkids would never work 😂
1m today is like 300k in the 90s. But we still use 1m. We should be saying 3 or 4m , but ppl won't use that. Let do 5m going forward. That's the new goal
Trying to compete with people who passively earn income that scales with inflation is a ridiculous task when all they have to do to undermine you is print more money.
It's about relativity. Give a million dollars to Elon Musk, it's nothing. Give a million dollars to a struggling family, their whole life changes. So he is only right within his own perspective.
Their life will change but a family of 5 and have to pay taxes and for schools, clothes, food expenses etc it’s not a lot of money especially if you live in LA or New York. How expensive taxes, property taxes and cost of living is people that think a million is a lot of money will struggle for the rest of their lives
It only changes for a brief period of time if they don't know how to actually create and sustain that, if they have to pay debt soon after paying that debt they will get into debt again, a million bucks doesn't change much, specially when it comes to lifestyle, it just eases a bit the debt problems, but now you have to figure a way to preserve that capital and make it grow and that's not easy
It’s not a lot for a regular family because they are going to have million dollar problems because they have been wanting for so long. The list gets longer, the list gets expensive and if you can’t keep evolving- it goes really really fast.
It depends how old you are, where you live, what bills you have, etc. For example, give an 18 year old a million dollars and it's not like he's set for life, but give a 65 year old a million dollars and he is set for life. That, and of course a million dollars in New York City won't last you as long as say living in Mississippi. So it all depends.
I mean is $1 million a lot of money? The answer is yes… Is it enough to provide someone with the comfortable life for life? No. I think if you changed the context of this question. It's a pretty easy answer.
Bro bro its not a lot of money in Sydney Australia the worst house in Sydney in the geto is worth more then that so it's not a lot of money if u don't believe me look it up. Maybe 25 years ago it was a lot of money but know 🤔
@garybarackas9182 I could get alot for 1 mill and I could get more money with it 1 mill is huge for someone who dosent even have 10k😂 ye it might not be alot in the grand scheme but ur going to tell that 9 to 5 working dad that struggling to put gas in his truck that 1 mill is nothing Im Sure bro would be incredibly happy to receive and porbly use it or pay shit off or investing u could do alot of investing with a mill
@@garybarackas9182 dude for one you can buy a house in Sydney in the lower end areas for around $400k... I live in New Jersey which is also one of the most expensive parts in the world and same type of deal. We own 2 houses for 400k and we are not in the ghetto nor is our rental property. If someone gave you a free house you wouldn't consider that a nice gift?
Money’s worth is highly dependent upon life circumstances. • How does one person want to live? • Is there more than one person? • How many more? • Do all want to live a certain way?
Myself, someone who has had to grind from absolutely nothing, to a quarter mill so far , WITHIN MY GENERATION, 1 million dollars is a shit ton of money to have on hand. Just getting to 100k absolutely changed everything for my family , not being scared of me missing a day of work from being sick, not scared of debts gathering faster than I could handle due to emergencies, I really am kind of sick of the guy
I hate when people say x isn’t a lot of money. Compared to what? Compare to what I have 1 million is a lot. Compared to what he has it isn’t. It’s all relative. I could live the rest of my life on 1 million. Invest and withdraw 4% per year. I’d be set, so yes to me 1 million is a lot.
@@timahawk3220not likely. I'm 36 and I promise with one million today I can retire. Pay off my house and land. My car. Put 700k in an account and live life. Very easily
@@timahawk3220working is only a drag given the context that you need to survive on the money you attain with a job. Take out the survival aspect and now working is now longer a burden.
When you're broke and poor a million-dollar seems like a lot of money, when you hit that million dollars can you start seeing what other possibilities are out there you realize a million dollars is nothing.
I totally agree and understand why Grant is sharing this information. Grant is 💯correct in this statement. Once I started to do my research of $ with an open mind it all became apparent to me that $1,000,000 is not enough or a lot of money in any economy. It’s not about the money but the service or situations that I/you are able to resolve while working together towards a solution to society’s needs. 🙏💯💪👊
True, but in the scheme of things if you don’t know what to do with that money then that million dollars is a blip on the radar. It’ll be gone before you know it.
I never forgot… My question to you is how many hours a day are you working for yourself? Because if you work for someone else and if you are not working at least 10-15hrs a day then i dont feel bad for you at all! Its being lazy the problem with 90% of people! Anyone who really wants to will absolutely 100% be a multimillionaire in less then 5years! First million should be under 16months!! But hey if your ok living like that and think a 9-5 is enough and get home and watch Netflix then thats on you and youll struggle until your last breath! Good luck and i truly hope you do something better with your life the struggle….
@@AntonioBressi-e8mYeah how dare people have babies to take care of or health issues or be stuck in areas with no growth with no way out how dare they
Depends on who you ask and of course you went and asked Cardone! He may have some solid points but with a mill, you can still buy your own condo/townhouse outright, start your own business, buy a couple of investment properties to bring you some cash flow, buy stocks and crypto, buy a lightly used car and still have a few grand left over to cover emergencies etc. in most major cities in the US! I know it’s not A LOT of money but if it helps you get a head start like that, then…
Don’t be dumb that’s not why you get hate most of the hate you get is from that one clip where you say you’d be ashamed if you made less than a certain amount and you wouldn’t feel like a man and the amount was crazy
If you want to leave the matrix a million is plenty. Or to live off interest as long as no mortgage. Problem is we get greedy but it’s also how the whole system continues. Catch 22 I guess.
A million is most definitely enough for you to take a hiatus away from the rat race and should last you 15+ years before you’d ever need to earn another penny. Yes it’s a lot of money
@@cubswincubswinaoI don’t know. If you acually invest that money wisely (S&P 500, bonds, and maybe some real estate) and just live off of the returns, then it should last you indefinetly. And give returns of roughly $70k per year on average. Only if you invest it well and don’t blow it or gamble it away on bad investments though.
Stupid assertion. Everything is relative. To the *average* human, a million dollars is a LOT of money. Any account of money that you can buy a reasonable 3 bedroom home and pay it off immediately, is a "lot" of money. You cringelord wannabe finance bros just need to stop
No he’s not. Even if you’re a billionaire a million is a lot, when the average salary is $60K a year. You’re telling me average pay needs to work about 15 years to make that money without even paying taxes yet and that’s not a lot of money? Sit down you dummy
Relative. If you e never had too much, it seems like it would be a lot. But if you low risk invest it, you’ll still have to go get a job. Additionally you will have to protect yourself and your possessions and that costs more. Nevermind taxes and the ways the government comes at it.
Doesn’t matter if he is a billionaire he is right. 1 million isn’t a lot in today’s world. No one can retire comfortably with only 1 million with how things are going.
The big thing is lifestyle inflation. If you make $45k a year and stay in budget, if you get $1M, you won't have to work anymore if you invest smartly. But you'll probably spend it and, if you haven't improved your earnings potential, be broke again in 3 years.
He’s right. 1 million dollars isn’t enough to set you up for life if you’re young. The average salary in America is $50,000. In just 20 years that’s a million bucks. So it covers living expenses for only 20 years, most live up to be 70-100 years old so you’ll need more money than a million
@@brockfuller2074my point wasn’t if 40-50k is a lot. It was referring to your comment about how your money will run out. Even being conservative with your investments, you should never run out of your initial principle amount
There’s a big difference between earning $1,000,000 gross over the course of 20 years and having $1,000,000 sitting in your bank account. If you have $1m to invest into the stock market, that can set you up for life. If you own a $300,000 house free and clear and you have a paid off car, living off of 50k-80k is very easy when you barely have any payments.
The answer is it depends. It depends on where you live, your lifestyle, if you have a wife and kids, if you are single, if you have health problems or not etc..
You remember when you were struggling but how do you think people who are struggling and they invest in you and still nothing happens don't you feel bad or do you even care
The best part about living this savage life is knowing all the bad you’ve done and shortcuts and not getting caught. Keep going Kings. People who follow the rules lose out to people who don’t follow the rules.
Facts. Let the haters hate. Many people are bitter because this economy is exposing people’s financial status. Back in 2018 many people could fake being wealthy. Now the economy is smacking everyone, and only the ones that truly have a success mindset will end up standing firm. The humbling market has begun
It’s not a lot but it’s not a little. It depends how much you have. 1M would be life changing for many people but the more money you have, the more you need for it to be a life changing amount. For him, a million wouldn’t do anything. For someone homeless living in their car it would be a lot. Also people that are legitimately medically disabled receive very little government assistance.
Sad thing is more ppl would have a million dollars if the Federal government wasn't stealing a third of there check Taxing everything over n over every year. We get Taxed more then any other Country. We don't BMW taxi cabs riding around New York. Lol
1 million in the right savings account will earn around 4K monthly. Invest between Apple, Google and Amazon, Mrvl, Or NVIDIA ? Buy 1 million worth of BTC ? Or just buy a comfortable home, couple cars. Keep some extra for insurance etc. Work and save - you'll only have real estate taxes to pay and insurance. Maybe HOA dues depending where you live.
A million dollars is a lot of money if you move to Costa Rica. 1 Million US dollars is $19,779,900.00 Mexican Peso. It's all relative to where you choose your main residency
I’m currently not a millionaire and would agree that a million is not a lot of money in the grand scheme of things. You can easily lose it in days or weeks. Its a substantial amount but not a lot. A billion is a lot of damn money.
This is true once you are on the 1 million dollar journey. This is Grants truth but like some other people said it is relative to where you are in life.
One million can passively make you 150-200k a year annually if you are creative . Buying real estate is the way to go but buying cash flowing businesses with the re or without is even better
that's a lot to make passively but i agree if you are creative its possible. and I prefer to do my real estate in a semi-passive to active way. much higher margin by doing property management yourself
I can live very comfortably 20years off 1 million dollars with no debt and no investing!!! If I invested it in an index fund and it returns me an average annual return of 8% I'd live even more comfortable
Yeah, but not everyone wants to build that wealth you're talking about. I would go to Africa, but myself a good piece of land near the seaside and raise my family there. Is that a bad plan? I don't think so.
@@kadypslon1 you are right in saying we don't all want the same thing . We are after all different people with individual goals . You want 1 million I want 7 billion. And that's just fine . Happy living
Perspective matters. Only about 1.1% of all adults worldwide are millionaires. Most people don't even realize that billionaires are not sitting on a billion dollars in cash. Huge chunks of their net worth are usually attached to super-successful businesses. Ever thought about how much work and resources it requires to build one of those?? Mindlessly chasing numbers can really end up destroying your peace and happiness - especially if you think having money will make people like/respect/admire you. People in this society want to eat the rich, not befriend them. Be mindful about how much money you actually need/want and why. It will spare you a lot of unnecessary heartache in the long run. 💛
Bro, that's all I need to reinvest and build generational wealth. Would you give me a PML to get a 4plex or better? I'm trying to do this for my kids and pass generational wealth down, but I'm struggling on my own Grant. Hmu, we can even turn it in to an episode or series for your channel.
..The fact that he can speak on truth being omnipresent and not getting silenced at all is the most disturbing part. There's tons of people that deserve greatness but have to remain in the shadows.
ITS TRUE!! Even if it’s a million after taxes it just ain’t what it was 40-50 yrs ago. Inflation. Is it life changing money? HELL YES!!! If I had a million dropped in my lap right now I could do a lot. And I’d still keep my sales job because I love it. I’d buy a house cash. (No kids or wife) and pay off my two vehicles. Add to my portfolio. And just keep working. KEEP WORKING!!
Yes to 1% of the worlds wealthiest people and $1,000,000 isn’t a lot of money. But to 99% of the rest of people it is a serious amount of money life changing in fact. Your reality vs the common people’s reality is different The common people built the property you own to see $1,000,000.00 in cash flow maybe after 20 years of work on a $50,000 annual income. So duh people get mad So if You forget where you come from. Then you forget why you sound foolish to another persons reality. I am by no means hating I respect your wealth and admire your career you deserve every thing that’s gone well for you sir 🫡 Just saying 99% of people dream of $1,000,000 while you throw it around 2 entirely different realities
I’d trade what’s in my account for a million dollars rn ..it’s a state of mind and gratitude no money is a lot if you THINK it isn’t an how you circulate it
@@anthonyquinn7747 no it's not ballin by any means. You can make it appear like you're balling with 400k a year tho. You can't even buy a nice house with that Maybe its balling to you, but in south florida that's not a lot. I'd call that upper middle class not ballin
@@mhxxd4 You can't but a house for 400k??? you could easily get a million dollar home on a 20 year mortgage, banks would be begging to work with you. Do you know ANYTHING about finance? 400k already puts you in the top 2-3 precent of the country
All lifestyle choice will determine if a million is a lot. Say you buy a trailer and land for 400k total. Cheap paid off car included. Invest the rest. Even mutual funds you’d see 5-10 percent. On the 600 you have left you could spend 30k a year as your mutual grows in the good years and you’ll keep seeing larger returns. And that’s if you just sit on your tail. If you keep making your money work for you a million could turn to multimillion in under a decade easily
Nothing in life isn't achievable, $1m is a big cash that can change some one live whereas it's a token amount to some individual regardless of all what matters is securing your own pocket, I believe money is happiness and to make it happen we have to invest always either small or big
@@JanainaAline-ri2gydear I will tell you that you don't need to be familiar with online before you start making funds. All what you needed was let your funds work for you there are experts who does it better , you just have to sit back and watch your invested capital grow.
If you brake it down then you can see why it’s not a lot of money. $500K for a house plus’s tax $40k to live off of so the other $500k divided by $40k per year = 12.5 years and technically it would be less because prices of everything go up every year so you would probably only be able to live off for 6 to 10 years
If you are using money as a tool with questionable outcome then there is no limit of money you need to support your self. (100$ to make 5$ annually) But if you are using skills, know how, then your outcome is higher then 5%. And in this case million $ is big money and you can sustain up to 20 years on it doing nothing. So what is your life expectancy? Easy to calculate money you need to the end.
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My aunt passed away, and I inherited some of her portfolio and cash savings. I'm 51 and have about 400k in cash savings. Everyone's telling me to invest, so what stocks are good for a long-term buy? The only major purchase I plan to make is buying a home in 5 years from my returns.Any guidance in this regard would be much valued.
I would advise the counsel of a seasoned financial pro. It may seem pricey, but as the old saying goes - "you get what you pay for" "Expert solutions require Expert providers" - my mantra
Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age before 65.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
Judith B. Richards is my FA. Just google the name and you’d find necessary deets to work with. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad i did.
I found her profile online and reviewed her credentials. She has impressive experience. Thanks for sharing! I've already sent her an email.
So true! Wealth has no shortcuts, here are ways to acquire it..🔥
the first step to gaining wealth is figuring-out your goals either on your own or with heIp of a financiaI pIanner and foIIowing through with InteIIigent pIans; you wiII gain financiaI growth in no time and enjoy the decision of managing your finance
I am fortunate I made decisions that changed my finances for the better (gained over 1M in 2yrs) through my financiaI pIanner. Got my 2nd house in May and hoping to retire next-year
Elizabeth Greenhunts
get to her with the name
Many needs this lnfo. Good stuff
1 million dollars is not a lot of money but is is enough money to truly change many people’s lives for the better.
It depends how they get the 1 million. If the average person was just given a million dollars no strings and they have never had experience with large sums of money they will be miserable almost every time. Jim Rohn is one of my favorite speakers of all time. R.I.P.
He said, " if someone hands u a million dollars best u become a millionaire quickly so u get to keep the money. Other wise it will soon be back in the same pockets."
Y'all are both nuts. That would be deposited to my bank in Indonesia and I'd completely disappear never work a day and my great great great grandkids would never work 😂
1m today is like 300k in the 90s. But we still use 1m. We should be saying 3 or 4m , but ppl won't use that. Let do 5m going forward. That's the new goal
Finding a penny is money to me. How you invest, spend, handle, etc., is the key.
Truth is there's so many variables and different perspectives to consider here with this question.
It is when you know what to do with it
Inflation is making money worthless. Keep slaving
Who needs free list of grants to get their business off the ground must have an EIN or LLC and active bank to receive funds
Trying to compete with people who passively earn income that scales with inflation is a ridiculous task when all they have to do to undermine you is print more money.
@@brettlaw4346 check my description for more details to apply
Check my description for more details to apply
No, it's making it worth less, not worthless, same as it has done for all of human history. It's not some new concept
It's about relativity. Give a million dollars to Elon Musk, it's nothing. Give a million dollars to a struggling family, their whole life changes.
So he is only right within his own perspective.
Their life will change but a family of 5 and have to pay taxes and for schools, clothes, food expenses etc it’s not a lot of money especially if you live in LA or New York. How expensive taxes, property taxes and cost of living is people that think a million is a lot of money will struggle for the rest of their lives
It only changes for a brief period of time if they don't know how to actually create and sustain that, if they have to pay debt soon after paying that debt they will get into debt again, a million bucks doesn't change much, specially when it comes to lifestyle, it just eases a bit the debt problems, but now you have to figure a way to preserve that capital and make it grow and that's not easy
@@nerios.vThe first response was perspective and he's right
@@seanlove8818stop having kids and stop living in those cities u can last a life time with a mill
It’s not a lot for a regular family because they are going to have million dollar problems because they have been wanting for so long.
The list gets longer, the list gets expensive and if you can’t keep evolving- it goes really really fast.
Thanks for sharing - very inspiring and something to work towards!
It depends how old you are, where you live, what bills you have, etc. For example, give an 18 year old a million dollars and it's not like he's set for life, but give a 65 year old a million dollars and he is set for life. That, and of course a million dollars in New York City won't last you as long as say living in Mississippi. So it all depends.
U reckon 🤔
So true
I mean is $1 million a lot of money? The answer is yes… Is it enough to provide someone with the comfortable life for life? No. I think if you changed the context of this question. It's a pretty easy answer.
Bro bro its not a lot of money in Sydney Australia the worst house in Sydney in the geto is worth more then that so it's not a lot of money if u don't believe me look it up. Maybe 25 years ago it was a lot of money but know 🤔
It’s a little bit compared to the ever growing money supply
@garybarackas9182 I could get alot for 1 mill and I could get more money with it 1 mill is huge for someone who dosent even have 10k😂 ye it might not be alot in the grand scheme but ur going to tell that 9 to 5 working dad that struggling to put gas in his truck that 1 mill is nothing Im Sure bro would be incredibly happy to receive and porbly use it or pay shit off or investing u could do alot of investing with a mill
@@garybarackas9182 dude for one you can buy a house in Sydney in the lower end areas for around $400k...
I live in New Jersey which is also one of the most expensive parts in the world and same type of deal. We own 2 houses for 400k and we are not in the ghetto nor is our rental property.
If someone gave you a free house you wouldn't consider that a nice gift?
@@PositiveVibesVids I find that very hard to believe
A thousand thousand. Think about how quickly a thousand goes these days.
For most of us, not fast at all. Are you delusional or just rich and entitled?
He absolutely totally right!!!!!
A LIFE flight plan to financial freedom ✈️
He had his million like 35 years ago😅 then it was good money. Now million feels more like 200,000€ of 1990 money😢
If you had $1 million in 1990 it would be equivalent to 2 million today
@@Bryan-f9qI think you mean to say, what a million dollars could buy in 1990 would cost 2.4 million to buy in 2024.
I attended a short Grant Cardone seminar in the early 2000s when I was a car salesman and tripled my income... and I wasn't even that good!
Are you a millionaire yet
By now you should have attended 20x seminars. How much you make now?
I'm really glad for you. A little bit of training can go a long ways
Weird here you are in 24 and still not rich
Tripled? so from 15k to 45k? Not good.
Money’s worth is highly dependent upon life circumstances.
• How does one person want to live?
• Is there more than one person?
• How many more?
• Do all want to live a certain way?
Myself, someone who has had to grind from absolutely nothing, to a quarter mill so far , WITHIN MY GENERATION, 1 million dollars is a shit ton of money to have on hand. Just getting to 100k absolutely changed everything for my family , not being scared of me missing a day of work from being sick, not scared of debts gathering faster than I could handle due to emergencies, I really am kind of sick of the guy
I hate when people say x isn’t a lot of money. Compared to what? Compare to what I have 1 million is a lot. Compared to what he has it isn’t. It’s all relative. I could live the rest of my life on 1 million. Invest and withdraw 4% per year. I’d be set, so yes to me 1 million is a lot.
Damn u must not want much. Someone give u 1 million today u still gonna have to work
@@timahawk3220not likely. I'm 36 and I promise with one million today I can retire. Pay off my house and land. My car. Put 700k in an account and live life. Very easily
@@timahawk3220without a mortgage. I have 2500 in property tax a year and say 8k in utilities maybe. Life would be sweet
@@timahawk3220working is only a drag given the context that you need to survive on the money you attain with a job. Take out the survival aspect and now working is now longer a burden.
That’s the truth 🙌🏽
That’s ridiculous 😜 ❤ for Grant !!
When you're broke and poor a million-dollar seems like a lot of money, when you hit that million dollars can you start seeing what other possibilities are out there you realize a million dollars is nothing.
I totally agree and understand why Grant is sharing this information.
Grant is 💯correct in this statement.
Once I started to do my research of $ with an open mind it all became apparent to me that $1,000,000 is not enough or a lot of money in any economy.
It’s not about the money but the service or situations that I/you are able to resolve while working together towards a solution to society’s needs.
🙏💯💪👊
I think it is very easy to forget what it is like to worry about every bill, every time you have to put fuel in the car, every grocery shop.
No you never forget that
True, but in the scheme of things if you don’t know what to do with that money then that million dollars is a blip on the radar. It’ll be gone before you know it.
I never forgot…
My question to you is how many hours a day are you working for yourself?
Because if you work for someone else and if you are not working at least 10-15hrs a day then i dont feel bad for you at all!
Its being lazy the problem with 90% of people!
Anyone who really wants to will absolutely 100% be a multimillionaire in less then 5years!
First million should be under 16months!!
But hey if your ok living like that and think a 9-5 is enough and get home and watch Netflix then thats on you and youll struggle until your last breath!
Good luck and i truly hope you do something better with your life the struggle….
@@AntonioBressi-e8mYeah how dare people have babies to take care of or health issues or be stuck in areas with no growth with no way out how dare they
Depends on who you ask and of course you went and asked Cardone! He may have some solid points but with a mill, you can still buy your own condo/townhouse outright, start your own business, buy a couple of investment properties to bring you some cash flow, buy stocks and crypto, buy a lightly used car and still have a few grand left over to cover emergencies etc. in most major cities in the US!
I know it’s not A LOT of money but if it helps you get a head start like that, then…
I love your truth.
Don’t be dumb that’s not why you get hate most of the hate you get is from that one clip where you say you’d be ashamed if you made less than a certain amount and you wouldn’t feel like a man and the amount was crazy
I thought million is a lot but when I got there I laughed at my self, not that I have million dollars but on my limited thinking.
So what is it to a regular every day person
Depends what you do with it but cause its alot
If you want to leave the matrix a million is plenty.
Or to live off interest as long as no mortgage.
Problem is we get greedy but it’s also how the whole system continues. Catch 22 I guess.
A million is most definitely enough for you to take a hiatus away from the rat race and should last you 15+ years before you’d ever need to earn another penny. Yes it’s a lot of money
@@cubswincubswinaoI don’t know. If you acually invest that money wisely (S&P 500, bonds, and maybe some real estate) and just live off of the returns, then it should last you indefinetly. And give returns of roughly $70k per year on average. Only if you invest it well and don’t blow it or gamble it away on bad investments though.
He's right. Its not alot of money
Spot me a quick mill bro.
Stupid assertion. Everything is relative. To the *average* human, a million dollars is a LOT of money. Any account of money that you can buy a reasonable 3 bedroom home and pay it off immediately, is a "lot" of money.
You cringelord wannabe finance bros just need to stop
Do you have it? Doubt it..
No he’s not. Even if you’re a billionaire a million is a lot, when the average salary is $60K a year. You’re telling me average pay needs to work about 15 years to make that money without even paying taxes yet and that’s not a lot of money? Sit down you dummy
Where is your million
Relative. If you e never had too much, it seems like it would be a lot. But if you low risk invest it, you’ll still have to go get a job. Additionally you will have to protect yourself and your possessions and that costs more. Nevermind taxes and the ways the government comes at it.
To be a bit fair....a $1mil isn't significant but it also is not insignificant at the same time lol. If tht makes sense.
I would add to the statement … in usa. Already in most of Europe is quite a lot.. then is it enough? Depends on your lifestyle and ambition
He’s right. 1 million is nothing to a multi billionaire
How many persons have an EIN or LLC and active bank to receive funds
He’s a multi millionaire not billionaire
@@Prfctdtlz I’m saying in general. People have 100 billion + dollars. Trillion dollars dictators in other countries.
Doesn’t matter if he is a billionaire he is right. 1 million isn’t a lot in today’s world. No one can retire comfortably with only 1 million with how things are going.
The big thing is lifestyle inflation. If you make $45k a year and stay in budget, if you get $1M, you won't have to work anymore if you invest smartly. But you'll probably spend it and, if you haven't improved your earnings potential, be broke again in 3 years.
Depends on it lifestyle.
These are fax I don't know why people are bothered
I had a lot of hardship live in my car too, but I love life
The big Boss I like to learn from you
He’s right. 1 million dollars isn’t enough to set you up for life if you’re young. The average salary in America is $50,000. In just 20 years that’s a million bucks. So it covers living expenses for only 20 years, most live up to be 70-100 years old so you’ll need more money than a million
Invest it in 30y bonds or the broader market and live off 4-5% of your portfolio and you are set up for life
@@kartikvij5993 4-5% of that is 40k or 50k annually. That’s poverty lmao
You can retire easy and set you kids up for life with that.
@@brockfuller2074my point wasn’t if 40-50k is a lot. It was referring to your comment about how your money will run out. Even being conservative with your investments, you should never run out of your initial principle amount
There’s a big difference between earning $1,000,000 gross over the course of 20 years and having $1,000,000 sitting in your bank account. If you have $1m to invest into the stock market, that can set you up for life. If you own a $300,000 house free and clear and you have a paid off car, living off of 50k-80k is very easy when you barely have any payments.
The answer is it depends. It depends on where you live, your lifestyle, if you have a wife and kids, if you are single, if you have health problems or not etc..
You remember when you were struggling but how do you think people who are struggling and they invest in you and still nothing happens don't you feel bad or do you even care
I'll gladly take your pocket change of 1M dollars...he'll make 5, what's a few mill btwn friends 😂
Great content!
The best part about living this savage life is knowing all the bad you’ve done and shortcuts and not getting caught. Keep going Kings. People who follow the rules lose out to people who don’t follow the rules.
You can make a ton of money doing things right
I agree, it's not a lot of money, let me hold that, I got you on the 1st.. real talk! 😂
👏👏👏LOVE You Gran🫵for your DIRECT SINCER Talk 💪
Facts. Let the haters hate. Many people are bitter because this economy is exposing people’s financial status. Back in 2018 many people could fake being wealthy. Now the economy is smacking everyone, and only the ones that truly have a success mindset will end up standing firm. The humbling market has begun
To whom 1mil is not a lot of money?
A median house in California is 900 k
So yeah
1 million dollars in today's market is nothing.
It's what you do with your money that's what is important.
It’s not a lot but it’s not a little. It depends how much you have. 1M would be life changing for many people but the more money you have, the more you need for it to be a life changing amount. For him, a million wouldn’t do anything. For someone homeless living in their car it would be a lot. Also people that are legitimately medically disabled receive very little government assistance.
A million dollars isn’t a lot of money for the lifestyle he currently lives
Sad thing is more ppl would have a million dollars if the Federal government wasn't stealing a third of there check Taxing everything over n over every year. We get Taxed more then any other Country. We don't BMW taxi cabs riding around New York. Lol
1 million in the right savings account will earn around 4K monthly.
Invest between Apple, Google and Amazon, Mrvl, Or NVIDIA ?
Buy 1 million worth of BTC ?
Or just buy a comfortable home, couple cars. Keep some extra for insurance etc.
Work and save - you'll only have real estate taxes to pay and insurance. Maybe HOA dues depending where you live.
When you start to have more money than you need you start to feel like it is not a lot of money.
In the right hands $1 million is plenty of money to make more with it, but in the wrong hands it will be gone very quickly
4- BOOKS 📚 1. THINK AND GROW RICH 2. THE SECRET 3. THE 4 HOUR WORK WEEK 4. RICH DAD POOR DAD ! 💰
Bro stop reading and start putting in a lot of hard work
A million dollars is a lot of money if you move to Costa Rica. 1 Million US dollars is $19,779,900.00 Mexican Peso. It's all relative to where you choose your main residency
I’m currently not a millionaire and would agree that a million is not a lot of money in the grand scheme of things. You can easily lose it in days or weeks. Its a substantial amount but not a lot. A billion is a lot of damn money.
A million dollars is a great place to start compounding the money
A million dollars is a lot for people who don’t have it. This man has multiple millions. Somebody struggling to eat everyday, a million is crazy
I ended up quitting my job because they used the Cardone university course. Best decision in my
Life
This is true once you are on the 1 million dollar journey. This is Grants truth but like some other people said it is relative to where you are in life.
Exactly,100%
He’s right.
One million can passively make you 150-200k a year annually if you are creative . Buying real estate is the way to go but buying cash flowing businesses with the re or without is even better
15 to 20% of passive income with a million dollar is a good way to loose a lot ! Safe return would be around 10 to 12% real estate with safe leverage.
that's a lot to make passively but i agree if you are creative its possible. and I prefer to do my real estate in a semi-passive to active way. much higher margin by doing property management yourself
1/3 of all US Currency in circulation today was printed between 2020 and now. let that sink in.
Then why do most of my bills say 2013 on them?
@@Bryan-f9q tHeN wHy Do…. shut up.
Yes you are truthfully a million in any currency is nothing today saying that it souls be nice to have just the same ❤
By todays standards its not a lot. It was a lot 50 years ago
20-25 years ago it was a lot.
If you had $1,000,000.50 years ago, it would be equivalent to having two or 3 million now
Today standard? You think every person have few millions dollar in the bank? You poor peasant you probably have $10 in the bank
It may not be a lot depending where you live
I can live very comfortably 20years off 1 million dollars with no debt and no investing!!! If I invested it in an index fund and it returns me an average annual return of 8% I'd live even more comfortable
In today's economy. $1 million dollars is not a lot of money. It's a good starting point to building wealth.
Yeah, but not everyone wants to build that wealth you're talking about.
I would go to Africa, but myself a good piece of land near the seaside and raise my family there. Is that a bad plan? I don't think so.
@@kadypslon1 you are right in saying we don't all want the same thing . We are after all different people with individual goals . You want 1 million I want 7 billion. And that's just fine . Happy living
@@kadypslon1bad plan
Perspective matters. Only about 1.1% of all adults worldwide are millionaires.
Most people don't even realize that billionaires are not sitting on a billion dollars in cash. Huge chunks of their net worth are usually attached to super-successful businesses. Ever thought about how much work and resources it requires to build one of those?? Mindlessly chasing numbers can really end up destroying your peace and happiness - especially if you think having money will make people like/respect/admire you. People in this society want to eat the rich, not befriend them.
Be mindful about how much money you actually need/want and why. It will spare you a lot of unnecessary heartache in the long run. 💛
If you dont have a million dollar shut up and dont say its not a lot money
It depends on the receiver, what it can do for them, and how they choose to manage it.
It may not be a lot of money to him.But it is to me and i'm the one that matters in my life
He remembers exactly when, but not exactly how it felt.
well, when you sell your soul..a little hazy I'd guess. $ is an extremely poor god.
It will continue to go down in value or buying power.
A million is a lot no matter who you are.
Perfect and best fit is become a sales person first
Bro, that's all I need to reinvest and build generational wealth. Would you give me a PML to get a 4plex or better? I'm trying to do this for my kids and pass generational wealth down, but I'm struggling on my own Grant. Hmu, we can even turn it in to an episode or series for your channel.
Some people don’t even make $1 million their whole life so $1 million to that person would be a lot of money
..The fact that he can speak on truth being omnipresent and not getting silenced at all is the most disturbing part. There's tons of people that deserve greatness but have to remain in the shadows.
What are you talking about??? How is it disturbing?
SOUNDS LIKE YOU ARE WORRYING, AND YOU TAUGHT ME TO NEVER WORRY AT ALL, YOU TOLD ME CASH IS TRASH, I WONDER WHY SIR
ITS TRUE!! Even if it’s a million after taxes it just ain’t what it was 40-50 yrs ago. Inflation.
Is it life changing money? HELL YES!!!
If I had a million dropped in my lap right now I could do a lot. And I’d still keep my sales job because I love it.
I’d buy a house cash. (No kids or wife) and pay off my two vehicles.
Add to my portfolio. And just keep working. KEEP WORKING!!
He has a great memory
1 million can go quick if you don't spend it wisely. You can drop most of it on a brand new house and car these days.
Yes to 1% of the worlds wealthiest people and $1,000,000 isn’t a lot of money. But to 99% of the rest of people it is a serious amount of money life changing in fact.
Your reality vs the common people’s reality is different
The common people built the property you own to see $1,000,000.00 in cash flow maybe after 20 years of work on a $50,000 annual income.
So duh people get mad
So if You forget where you come from.
Then you forget why you sound foolish to another persons reality.
I am by no means hating I respect your wealth and admire your career you deserve every thing that’s gone well for you sir
🫡
Just saying 99% of people dream of $1,000,000 while you throw it around
2 entirely different realities
Is for me. Depending on how you want to live.
If it’s not a lot of money, then I’ll gladly take it and change my life and my parents lives.
I know right these people are stupid
It’s subjective- everyone’s circumstances are different.
You create your own reality.
I’d trade what’s in my account for a million dollars rn ..it’s a state of mind and gratitude no money is a lot if you THINK it isn’t an how you circulate it
Depends on your life style desires. I don't spend a lot, and I don't intent to ever do so. $1M would be a lot to me.
He’s right
And also says you're a loser if you only make 400k a year 😂😅
Not a loser but it's definitely not ballin
@@mhxxd4 400k a year isn't ballin? Someone still lives with their parents
@@anthonyquinn7747 No it is not. The more money you make the more you realize how little you make.
@@anthonyquinn7747 no it's not ballin by any means. You can make it appear like you're balling with 400k a year tho. You can't even buy a nice house with that
Maybe its balling to you, but in south florida that's not a lot. I'd call that upper middle class not ballin
@@mhxxd4 You can't but a house for 400k??? you could easily get a million dollar home on a 20 year mortgage, banks would be begging to work with you. Do you know ANYTHING about finance? 400k already puts you in the top 2-3 precent of the country
All lifestyle choice will determine if a million is a lot. Say you buy a trailer and land for 400k total. Cheap paid off car included. Invest the rest. Even mutual funds you’d see 5-10 percent. On the 600 you have left you could spend 30k a year as your mutual grows in the good years and you’ll keep seeing larger returns. And that’s if you just sit on your tail. If you keep making your money work for you a million could turn to multimillion in under a decade easily
You can make a lot of money when you get to the million dollar mark. If you things correctly
How
Depends how you use it.
A million dollars is a lot of money for a year, or even for 10 years. It would put you in a top tax bracket. It’s not a lot of money for 20 years.
True I agree
Nothing in life isn't achievable, $1m is a big cash that can change some one live whereas it's a token amount to some individual regardless of all what matters is securing your own pocket, I believe money is happiness and to make it happen we have to invest always either small or big
Things are really difficult now what can you suggest to someone that is not familiar with online making of cash
@@JanainaAline-ri2gydear I will tell you that you don't need to be familiar with online before you start making funds. All what you needed was let your funds work for you there are experts who does it better , you just have to sit back and watch your invested capital grow.
Sit back and watch your funds grow over night
If you brake it down then you can see why it’s not a lot of money.
$500K for a house plus’s tax
$40k to live off of so the other $500k divided by $40k per year = 12.5 years and technically it would be less because prices of everything go up every year so you would probably only be able to live off for 6 to 10 years
60 million pesos in the Dominican Republic. More than enough to live very comfortable life.
If you are using money as a tool with questionable outcome then there is no limit of money you need to support your self. (100$ to make 5$ annually) But if you are using skills, know how, then your outcome is higher then 5%. And in this case million $ is big money and you can sustain up to 20 years on it doing nothing. So what is your life expectancy? Easy to calculate money you need to the end.
Am already getting there with dropshipping 😊😊😊