My Worst Financial Mistake (The #1 Wealth Killer)
ฝัง
- เผยแพร่เมื่อ 31 พ.ค. 2024
- Get 50% off your first order of CookUnity meals - go to cookunity.com/graham50 and use my code GRAHAM50 at checkout to try them out for yourself! Thanks to CookUnity for sponsoring this video! Let's talk about my worst money failures and what you should avoid. Add me on Instagram: GPStephan
Check out acorns.com/graham/ to sign up and receive a $20 bonus when you start saving & investing with Acorns!*
Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at Acorns.com.
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: grahamstephan.com/newsletter
Time Stamps:
00:00 - Gen Z and Millennials are Doom Spending
01:16 - Saving Your First $10,000
05:53 - The Health Epidemic
08:28 - Eating Good Foods
10:16 - Secret To Building Credit
13:43 - Why Most People Fail
18:18 - My Failures
21:10 - My Biggest Regret
The TH-cam Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on TH-cam, rank videos on the front page of searches, grow your following, and turn that into another income source: the-real-estate-agent-academy... - $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
www.amazon.com/shop/grahamste...
For business inquiries, you can reach me at grahamstephanbusiness@gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
Thanks so much for watching - let me know if you like this “style” and I’ll do it more often, definitely way more relaxed! Also, thanks to CookUnity for sponsoring! Get 50% off your first order of CookUnity meals - go to cookunity.com/graham50 and use my code GRAHAM50 at checkout to try them out for yourself! Thanks to CookUnity for sponsoring this video!
Keep this style Graham, you’ve inspired me to get back into long form videos instead of just making shorts. You have proven that if one is passionate about something, they’ll figure out how to make it work, especially on YT.
I definitely like this New Style..
I am a Realtor as you are, and I also invested in Rental homes as well at the beginning of my career 25 years ago…. And I honestly think your videos give great advice to future home buyers and Future investors,,, DAC is definitely the best way to start investing in any market nowadays.. thanks a Lot for your time and dedication….
It terrifies me how many people think credit cards are “free money.”
So many of them open cards just to blow the money with no intent to pay them off.
Great job buddy, I’m thinking myself about starting a TH-cam channel with similar content in Spanish, let’s see how it goes, you inspired me, thank you
I really like this style ❤
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.
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
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
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I'm just here for ideas
At a point like this, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
Please who is the advisor that assist you with your investment and if you don't mind, how do I get in touch with them?
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Great advice on use of a credit card. Had them for decades, always paying off my balances in full and collecting what rewards came with that. Now, I’m 2% cash back only. I’m also clearing my balance after the last day of the month and starting the next with a zero balance. It’s made me ‘feel’ the impact of my spending, kept optional purchases in-check, and me on budget with minimal stress or disappointment. I keep enough cash to tide me over to when my work or SS check deposits, then move the savings and sinking funds to my savings account. These practices speed up savings growth, which encourages me to be patient and stay on track. I’m also monitoring my 401K and investments at least once a week. Knowing where I am in real time has helped me grow my understanding of the economy, made me more confident about what I can achieve, and feel in control in ways I hadn’t appreciated previously.
good job with these videos trying to avoid financial mistakes, Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with 'MICHELE KATHERINE SINGH' for the last five years or so, and her returns have been pretty much amazing.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
I'm a 48-year-old doctor feeling burnt out from long hours and stress. I've never invested in a retirement portfolio because I've always believed the economy would collapse eventually. However, I plan to retire soon and I'm curious: If you had north of 160k to invest safely in stocks over 4-5 years to grow, how would you start?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent.
My advice to you is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but investing puts you on a pedestal where you wouldn't have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and i'm proud of the decisions i made last year.
@sommersalht88 hahahahahahahahahahahha
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
@Lewyn298 I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance..
Feels more natural, less scripted, less robotic and less intense. I can relax more listening to stuff like that.
Thank you!
Totally agree
This❤
@@GrahamStephanjust button up your shirt one more😂 for the rest I like the new format way more
Agreed
Just discovered your channel with this video -- case studies are extremely useful and I'd like to see more in the future! Creating wealth entails establishing routines, such as setting aside funds at regular intervals for sound investments.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
@@Higuannn It’s important to consult with a financial advisor before making any investment decisions.
@@Angelavaldess Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
@@hullbruce Hello, I'm new to this space and i've been getting suggestions to use one for a while, how can i find a decent one like the one you use?
@@Aurierserge50 I work closely with the popular lady Alicia Estela Cabouli, After she appeared on Bloomberg where she was featured. I looked her up and reached out on her web page to set an appointment. You can do same.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Walter James Henry
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
@Gainwithwalter7
The process of trading can be complicated when you have limited knowledge.
However, with the right strategy and setups, you can be successful. That's the whole point of investing.
Nice to see this here, Walter James's understanding of market indicators is impressive. he knows exactly when to enter and exit trades for maximum profit. his signals are top notch
I'm so impressed knowing how much people talk good about his expertise.Over the years, l've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Walter"s insights. It's akin to finding a diamond in a coal mine
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
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.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
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
@@Jadechurch-ql3do I've researched this guy and they did time for domestic abuse. Not sure I would do business with them.
Im at $15,000 in the bank.. no debt and im loving it.. living on less than you make and believing that you can is one heck of a step in achieving it
Money in the bank is losing purchasing power.
My man, way to go! Just like you, I’m debt-free, living on half my monthly income, and I’m currently at $11,000 in a High Yield Savings Account. Whoop, whoop!
@@sdrc92126 it’s my emergency fund. I understand over 10 20 30 years, it’s going to lose purchasing power but I have investments that will offset that. 15% invested since I’ve became debt free. Life’s good
@@sdrc92126 it’s in my Capital One savings account which was 4.35% but last month dropped to 4.25%
Any car debt or did you pay that off?
Thanks for sharing FET and AMS89H. 💯
thanks for sharing, I just bought it
AMS89H is still extremely undervalued
very promising
It is funny that not everyone knows about AMS89H
I've heard lots of people from X and Facebook talking about this one
I love the less scripted version of your videos. I want to hear how you think about life and hear about your experiences like this! 10/10!!
You relay things very well. You’re super reasonable and logical without sounding harsh or abrasive. Appreciate your sensibility while also emphasizing self discipline.
Graham. Been a long term subscriber. Love the new format. It matches your authentic content more accurately. Thanks
Ah thanks!
Bro was feeling hot in the studio today.
LOL
😂😂
soft launching his OF account
Bro is a freak fr
He saved 35 cents by unbuttoning his shirt and not running the AC.
I’m 50 and this is all good stuff for me and my kids. Always a good refresher. Keep it coming. I love this over the constant news broadcast stuff you were doing.
I appreciate the encouragement/pep talk toward the end of this video. I needed to hear it.
Loving the change, I'm so glad you value your audience and your authenticity. As a long time sub I really appreciate this, thank you ❤
Yes, I definitely like this video format. Great job! 😊
Yay! Thank you!
Great video!
Agreed! I prefer this format because it feels more relatable to me ❤
I’ve been with you since 30k subscribers keep up the good work brother!
Love this and would like to see more videos in this style. It feels like a successful friend sharing life advice over a conversation.
This style makes you feel and sound more sincere and down to earth.. Thanks a lot for all your great videos
I’ve been listening for years and I can confidently say this is by far my favorite video you’ve ever made. Great advice and very inspiring
i love any content you do tbh as long as you keep posting i will watch
Definitely enjoy this style of video more. All the same extremely helpful information while being presented as a concerned friend who just wants to help you navigate life. Thanks Graham!
Saving your first 10k is nothing, but saving your first 100k is super tough.
That's cuz as soon as you save it you spend it. You r not doing 100k over night, its a process. Just trust the process, your time will come. Just keep adding to the pile and forget it exists.
First million feeling like a crawl…the market plays with my feelings the last few weeks.
Then just save 10k ten times.
10k isn’t easy until you have no debt.
It all works though. Slow, arduous but anyone can do it. The earlier the better. Let the money work for you and compound so you don’t have to work so hard playing catch up.
The last section is 100% the most important part to me. Mainly the part about not wanting to do something but then after you go do it you almost never regret it and are happy about involving yourself. Not only does it expand your chances of very positive things to happen but it also makes you feel happy on the inside afterwords.
I value your information & being genuine and real makes it that much better. Both styles of presenting are great and beneficial. Thanks for what you do.
This is definitely the best video, I've seen this year. Thank you so much for sharing and compiling everything into a concise and clear vide.
Keep it up Graham. Proud of you!
Thank you, that means a lot!
Great video! New format is more calming and easier to engage with the information. Great topic and connection to it as well!
Thank you for the video Graham. I appreciate your honesty
I appreciate these kinds of videos bro. Keep it up
I used to work out every day and was in best shape of my life…poor AF…stopped going to gym and worked two jobs and saved 100K in two years…some day I’ll find a happy medium but I’m so far behind in life that I have to catch up 🤷♂️…
100k saved up is huge. It will start taking off on you. Hard part's already done...
I’ll never give up the gym. I’ll work two jobs plus the gym if I have to. The gym is therapy for me.
Gym is a scam@@TooslowTA
Lots of great advice. Love this format
thanks!
Excellent video! Thank you! Very well put together and quite inspiring
Graham, thank you for all of your advice. Looking forward to learning more throughout your videos!
Keep it up man, you’re doing a great job!
I love that you’re bucking the trend of “retention editing” and super fast paced talking
jumpcut, jumpcut, jumpcut.... even when a cut isn't needed.. jumpcut
I am watching on 1.5x
MUCH BETTER! Now I have the patience to listen you until the end. Thanks for the info and congrats for the improvements. 👊
This is such amazing and insightful advice Grant, thankyou for nother great video
I love this style of video. Feels much more natural
Graham hit the nail on the head with this one!
@GrahamStephan, thank you for your videos. I have been trying to implement your advice and teach my children what you have to say. Cheers!
I love it, thanks. Specially the advice towards the end
Super informative and helpful! Keep it up.
Thanks, will do!
Love this format man!
Thank you!!
Life changing advice, this is very important and useful information for a lot of people out there. Thank you for sharing it!
Not only these videos are more real and genuine but it’s also better for your workload. Keep it up!
Definitely enjoy these videos! hope you tend to make more
More to come!
hello Stephan and greetings to all, I would like to mention to you the book The Hidden Truths Of Wealth, which talks about the mysterious secrets of attracting money and building massive businesses, simply genius, and thank you for such a good video!
Where did you find that book?
Who is the author?
Author is Oliver Mercer
Borlest ( I found it there, maybe it still exists there idk )
I ❤ this style. It’s more relatable and authentic. Ty 😊
Timely. Thanks, I really needed this
Yes much so prefer this style of video rather than the fast edits and sound effects. Thanks graham!
Love the content. Keep it coming
Will do!
Thank you graham! inspiration to all!
Thank you for the video. It was informative as always, no crazy editing just pure information. Keep it up man
This is probably the best video you've ever done. Thank you for sharing this.
I really like the more laidback type of video. Much more natural 👍
This is another great video!! So wholesome thank you!
Honestly Graham I needed to hear this!! Thank you
You are the man!!❤
The failures and regret section resonated with me the most. I had opportunities in high school to achieve and do amazing things, but I stopped myself from lack of certainty, confidence, self-doubt, and self-worth conversations. I’m seeing the pattern again in my mid-20s and I’m ready to choose differently. I will start with taking s few days to write exactly what I want for my life and what changes need to be made, and how much I’m willing to pay for those changes. 🙂
Mid-20s is such a great time to get things together. You haven’t missed the opportunity, you’ve got this!
Graham, dude 😮I love this format, …it’s as if you and I are catching up over lunch or dinner, and we’re having a super cool financial conversation-good on you Bro -keep this style going; it’s refreshing and changes it up in a really positive way!😊👏🏼💃🏽🥳‼️
I've been watching you for years and I love this video style so much more. Thank you for the videos Graham!!!
Another fantastic video! Enjoying the new style.
I'm a fan of the new format, it feels more natural and one-on-one.
thanks Graham! good topic and points
Glad you liked it!
Hey nice job Graham. You're killing it!
Love these podcast type discussion videos Graham! Keep em coming.
Love these style of videos
I unsubscribed from your channel after 3-5 years of being a daily viewer because of all your clickbait content. This reminds me of your early real estate videos that inspired me on a genuine/personal level.
Appreciate you Graham, enjoyed this video thoroughly.
Clickbait is part of youtube. Get more subscribers and then give good info. If someone doesnt click, one cant learn anything from Graham.
Love this style of video. So much more natural and calm.
Really love this style of video Graham!
Out of all my financial channels that come across my feed, I always skip over yours, but this one is different. You sound less pretentious and less arm flailing than your other videos. Loved it graham.
Button up that shirt 😜
Liking this format, Graham! Keep it up!
The most wholesome video I was fortunate enough to watch of yours! A wonderful perspective. I appreciate your honesty and integrity with your experiences. Thank you Graham.
My three favorite channels: Graham Stephan, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Doom spending is about the dumbest thing I’ve ever heard of. It shows the total lack of financial literacy in this country.
If you look at it from a purely "logical" stand point sure, but remember people are emotional, and we can't ignore the emotional aspect of life, that's why motivating people is so important, motivation isn't about logic, its about emotion.
Probably your best video ever! Lotsa great succinct nuggets of wisdom winning on style AND content.... all facts!
Absolutely needed this video! Hit a lot of my internal battles as a 27yr old living in NY right on the head. Been a silent watcher of the channel for a little while now but I absolutely had the subscribe tonight. Can’t wait for the next one
Your videos were great!! I'm one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.
Trading is easy, but trading the right coin without a time-tested strategy is incredibly hard.
She carries out both orientation and mentorship tutorial
Time to Smash the Like Button for the new style
Solid Advice all around. Start anytime.
Been watching you on and off for years now. Definitely one of my fav videos for sure! and right on time 🙏🙏
Did anyone ever tell you that you resemble Tom Cruise?
Don't tell him that. It's gonna go to his head 😂
Tom Cruise minus scientologist 😂
Love this style of video ! Very informative and motivating 👍
Genuinely like your content! Thank you!
7:42 this is a wake up call for me.. thank you.. starting today i will cut out all soda, fast food, and chips. I am 28 and my unhealthy ways end today... thank you for videos.. they have helped me more than you can ever imagine
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 Katherine Miller.
Woah for real? I'm so excited. Katherine Miller strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
Their
...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
she's mostly on Telegrams, using the user name.
@MILLER7
Love these type of videos Graham!! Thanks for the advice 🙏🏼🙌🏼
Love your new videos, more diverse and looking at life at a whole is better time spent for us watching 🖤🤍💚❤️ keep going Graham 💪🏽👌🏼
The introduction of a Bitcoin ETF marks a groundbreaking moment in the cryptocurrency world, merging digital currencies with traditional investment methods. This innovation could stabilize Bitcoin prices and broaden its appeal to a wider range of investors, potentially increasing demand and value. At the heart of this evolution is Sarah Jennie Davis, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment
The wisest thought that is in everyone's minds today is to :nvest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to :nvest in gold, silver and digital currencies (BTC, ETH... Stock)
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them🎉
People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
Sounds good😊How do you do that? I'm interested, how do I go about getting started?
Thanks to my co-worker (Alex) who suggested Ms Angela Christine Derle
Loved this video, gave me some great advice on some decisions I needed to make. Thank you Graham.
Thank you! I started to work out during this video. I need to take more control of my actions and enjoy life more.
Interesting video I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
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 licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Sonya Lee Mitchell 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..
As Anton Kreil once said, society has gone mad when life revolves around good credit score and your ability to borrow more money.
Moral of the story: debt-financed consumption is a disease.
I’ve been a long time fan and this style of video is refreshing. Keep up the good work!
Keep up the good work, brother love the free rambles