3 Habits That Made Me A Millionaire Before 35 (and retire in my 50s)
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- เผยแพร่เมื่อ 7 ก.พ. 2025
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#363 {Hammad}[NE](Lucas) 3 Habits That Made Me A Millionaire Before 35 (and retire in my 50s)
Live below your income💯💎👍🏿
Became a paper millionaire in my early 50’s . Paid off home and 401k. Disciplined myself early . Had a full time job ( common ) factory worker with a trade , did as much overtime as possible and did handyman jobs on the side for extra cash and trash picked stuff from upper class neighborhoods and either fixed stuff or just resold their stuff they were literally just trashing but still good. Retired early. If you’re ambitious this method is still very possible. There are so many ways to make extra cash just from rich peoples laziness. Most don’t even wanna mow their own lawn and this isn’t just the rich. It’s the regular middle class too.
I struggled financially due to I married at 19 had 3 kids by 25 with one income, wife took care of the kids. Divorced at 48 with 600k networth which we divided, so I had 300k at 48, put half down in a house in SoCal and invested the rest. Now I’m 65 retired with a networth of 1.7m. I had a little bump on the road but I got there.
Good video. I didn't start saving anything until I was 33 due to my income just being too low. I know that is a poor excuse, but wife and kids are expensive. The good thing is htat we lived well below our means and didn't have the pull to be like the Jones'. I retired at 62 with a net worth of 1.7 mill.
It took me 23 years starting from zero in a 401K at age 40, to reach one million.
I love a good success story, especially when anyone can use the same strategy. Thank you for sharing this and thank you for your humility. If you want to be skinny, hang around skinny people, if you want to be a millionaire hang around millionaires. But the problem has been nobody advertises themselves as millionaires and usually the people with lots of stuff, cars and such are usually financially messed up.
Don’t forget that these goals aren’t necessarily going to make the people you hang around happy. Happiness is largely a mindset at least in the west
Another terrific video. Thank you, Azul.
Finding the right job opportunity and early home ownership can be positive factors as well. I started late after four years in the armed forces. That helped me work my way through college where I earned a useful STEM degree. After that it was a couple of job changes and I was doing well. Quite the contrast to my life in the military (always broke).
Pass this one on to my sons 22 and 24. Thanks
Thank you; this needed to be said for the sake of hope for young adults!
Thanks for sharing a peek behind the curtain!
The formula still is simple…small investments done over time gets you there!
1:34 most people not only want to ‘keep up with the Joneses’, they want to ‘be the Joneses’…. In our case we read ‘The Millionaire Next Door’ and applied those principles. In our case they worked. Several times over. Living simply and below your means is fundamental.
1. Save
2. Invest
At age 23 is when I got my first job and maxed out my 401k. What really helped was marrying someone also with a great career and same financial mindset. Working together we paid off our home in 2010, that is when our savings really took off. Age 33 is when we reach $1M.
You are a content creating machine Azul. Thanks for the great information. We appreciate it!
In life, we have to choose between the pain of discipline or the pain of regret. Which of the two is way more painful?
"Being just Azul" doesn't work for everyone. You're naturally likeable. Others aren't born with that gift, I'm one of those so I had to find other ways to be likeable. Add to that, my wife and I had a child with a severe disability which set us way back financially in our 30's and 40's. However, today, I have a networth of $2.5MM. Luckily we both had high paying jobs.
It would be interesting if that financial advisor you hired at 22 is still alive and saw this video.
We may not have the years left to have the discipline you did Azul, but still not to late to create good habits starting today. As well, many of us have children where we can pass along your story. Thank you from Canada!
Your attitude shows that you are richer than you know.
I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement
Now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
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.
My CFA is "Annette Christine Conte", a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
No big secrets here, spend less than you earn and invest as much as possible early. If people could just sacrifice from age 20-30 and invest 50- 60% of what they make if they were forced to not be able to ever invest a dime again, they would more than likely be a multi millionaire when they retired anywhere between 55-65 years of age.
Hang gliding in Tennessee? Was it Lookout Mountain? I went hang gliding there on my 50th birthday. Love your channel, Azul! Thanks for all of the info!
yep. I hit a Million at 34. By 49, $8.5M. Single, no kids, no debt, living simply. And I couldn't have done it if I were entangled, married, a mess of children, etc. The key to being wealthy, is to avoid the mistakes, and keep your living expenses LOW! Run that for 10 years and you will be very well off. It's VERY simple: Assets - Liabilities = Equity. Period. Live it and you will be wealthy.
In my twenties I was making $10 an hour or $360 a week after taxes. I couldn’t even pay my rent let alone contribute to a 401K.
1:40 *Blue, how much were you making at 30-35?*
5:00 Asset allocation
I remember black Monday 87. I was 11 years old. I’d had some money from an insurance settlement from an injury as a young kid, I get home from school on black monday and my dad informed me I lost $60k that day. I thought nothing of it, because I was 11 lol , I think he was super disturbed though.
I remember that Black Monday which was one of the the times I curse at myself looking back...if only you can see in the future.
I hear not to live your life based on what other's think. I've never done anything based on what others think. Moreover, I don't know anyone that does. Maybe my circle of friends is different, but the the whole "buying things to impress people you don't like, with money you don't have" has never been anything that was considered. That said, starting off really poor, even homeless for a bit, taught me self reliance and that I wanted to be "rich" (I didn't even really know what "rich" was). Working hard, putting myself through college and being lucky enough to meet/marry a great life partner created the circumstances to raise kids, live modestly, have a great life and retire very well off. It can be done by doing most of the "Ramsey" style of living but it's way easier if you start young.
I'm a regular Azul and really enjoy your videos.
Any chance you have time for one last client?!
😉
Or two? 😂. By the way Azul, i think we may be in the same neck of the woods, relatively speaking.
I’m glad to hear that if you haven’t spent all your millions on “keeping up with the Jones’s” that’s futile, you haven’t fell ill enough to have to need it for medical bills, that would be unfortunate, you haven’t just hoarded it in a volt like a Scrooge. I admire that you must have given it to those less fortunate than your good-self which is an admirable thing to do. Pray tell, how did you decide which charities to support? That must have been a real brain ache to choose.
Good for you. Most employed Americans can't retire early. They can't collect SS until age 62 and receive Medicare at 65. Unfortunately that's all many Americans get. Some may be fortunate to also collect a pension. In most cases the pension isn't fully vested until their sixties. 65 is the earliest most Americans can retire well.
Hello, do you think one should try to time the market? And if you want to invest some money, would you do all at once or over period?
The investment part is what I have been missing otherwise I would be much better off now as well. But it's difficult if you are not brought up that way or taught early. Saving was never an issue but as you said, it's hard and not very productive unfortunately
Congratulations, Azul. Have you found yourself having to support your parents in their old age?
You don’t have to share, but where did you grow up in the Midwest? I’m 30 and live in the Midwest
Is there a regulatory body or register of fee-only advisors? I’ve used “wealth management” before who promote a suite of services that include retirement planning but they always hyper focus on my portfolio and what they would do differently (I’m concentrated at Fidelity as I like their no/low fee funds). I just want that fiduciary insight, not some speculator.
Do a google search on “National Association of Personal Financial Advisers”. It is the association of fee-only (fiduciary) financial advisers. I don’t like leaving links in the comments. I hope this is helpful.
I assume you’re married and never divorced. Otherwise, you could throw half of what you have now in the trash.
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated....
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I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Joyce kim
Same i met Joyce kim last year for the first time at a conference in Wilshire after then my Life has changed for good.God bless Joyce kim
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
Thank you for such great content! You really put your heart into every video. I can see that you are trying for your audience.🟤⌛️🌖
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