I “officially” became a net worth millionaire when I turned 39 (I got a call from my financial advisor informing me of my new status). I was surprised to learn my daily habits I unconsciously developed as I moved into the millionaire class mirrored EXACTLY the habits of other “everyday” millionaires as described in the featured book. I am 76 and still work full time as a medical director for a very large health insurance company. I have zero debt. My net worth is now well into 8 figures putting me into the 1% Financial Club living in California. BTW, I still drive a very well maintained 2011 Prius even though I can buy 5 Lamborghinis (in cash) without batting an eye and still have plenty of money to outlast me for 2 lifetimes!! My home is a standard 3 bedroom 2 bath house. We fly economy class for flights that are less than 5 hours. Living the dream! 🤣🤣🤣🤣
Man, being a millionaire in 1987 is like 2.78 million in today's money. You were ballin at 39. I wish I could get there, but I'll only barely be a millionaire in today's money at 40.... T.T
The whole 'getting along with people' advice is so underrated! 🤝 We always hear about hard skills, but it's the social skills that make or break most people. Anyone else agree?
Your channel has a lot more value that many others as it focuses on habits, learnings and focusing. A bunch of the other channels just focus on living with minimalism, and only focus on the habits of how they got where they are. What you put out there is a blueprint for a person's future.
To get to that milestone you need to be wary of high debt levels, poor spending habits that drain finances, neglecting savings and investments which hinders wealth accumulation. Being financially aware would be of great deal. i can say that helped me in life to reach my first million and i also sought help to handle my portfolio which was my foundation. i'm ever grateful to Susan Kay Mack my FA.
When I was in high school, I had a debate with one of my teachers who pushed that we should all follow our passion when selecting our careers. I asked him if that passion led to little to no money, what use could that be? More than a decade later, I'm glad I took the stance I did and it's not changing one bit. Granted, I believe we should all choose something that we don't dislike altogether--at least it shouldn't be detrimental to your mental and physical health whenever possible. But the older I got, the more I realized that there's a lot to pay for in life, and having the capital to live the way you want, protect your family and to be able to shoulder life's unexpected surprises is a peace of mind that's priceless to me.
It think the whole "follow your passion" thing has been misconstrued over time and is kind of backwards. I think it's about being passionate about what you do, getting really good at it and then opportunities open up.
I’m retired. Your story of a conservative savings profile is a common one. Any course of action involves risks. You might be avoiding market risk, but you are taking on other risks like inflation and reinvestment risk.
My wife is willing to work for another 5 years if needed. Are we in good shape? Will we be okay if I begin withdrawing from Social Security when I’m 62 and my wife is 67? Should we hire a financial planner to help us navigate this?
@richarddamien Certainly get a pro to look at your predicament (if you even have one, lol) A second opinion from acomprehensive financial adviser can help you look at more than just your current estimate of cash flow and needs but also longevity risk, outliving your money, tax considerations, legacy planning, healthcare costs, inflation and a myriad of other things you may not be considering when reviewing your current situation
I tell people all the time that the only reason I still have a job is because I can talk and talk with anyone. It doesn't matter if you're the custodial worker or CEO, I talk to each the same. My wife tells me strangers are just friends I haven't met. 🤣 I loved Korea, spent 3 years there and enjoyed the people and culture!
@ I honestly don't know, always been an extrovert and could talk to anyone. I think some of it has to do with me not caring what others think of me. I am who I am and anothers opinion doesn't affect my life. A lot of people let anothers view of them can make a difference.
In no order: 1) VOO 2) QQQM 3) SCHG/VUG 4) VTI 5) SCHD/DGRO. Personally I put down 1.2m$ on few ETFs, still diversifying. it was this time last year I made my first break through with a liquid 370k. Handed it to a trader here in TX, I get weekly pay out which I put back on long term ETF's. Tesla will be a huge buy for me when the market bottoms.
I met Jennifer Kristie for the first time last year at a womens' conference here in Pennsylvania, and my life has changed for the better since then. God bless her!
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
Tracy Britt Cool Consulting... has always been on the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I recently started trading last year in April, invested 50k in the market, and my portfolio is currently worth slightly over 190k. That's a lot more than I make in a vear from my job.
Wow, I know Tracy Britt Cool Consulting.... Her platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not she outperforms, i will always stay invested as her methods alone with keeping investors in touch with their strategies and outlooks are something that so few managers are capable of, and they should follow suit.
You're doing a fantastic job! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
These are all important things. The most important thing is God. Give 5 percent of your income to the church and 5 percent to the poor. Unless you are giving the poor you are poorer than you know we must give to the poor and to the Kingdom of God 💕🙏💕
Hi, I would like to share my way of thinking. Sorry in advance for my broken English I’m french. To be transparent and give you some context: I come from the poorest city of North France, create a company and sold it. Allowing me to be 8 figures the month of my 30’s. I think it’s a bit misleading to say in the video that most millionaires lives in a normal home because of the home price increase valuate actually their home easily for a million. It might be true that 10-20 years ago millionnaire was really ahead the financial game. Now times are different and a million is not enough to be free of your time and choose your level of comfort in this uncertain time we are living in. I see a huge gap between millionaire and 8 figures in terms of freedom and peace of mind. Don’t wait to start, create, sell and invest because the real devaluation of money is not the 3% inflation but 6%. Inflation is just the increase in term of price for daily basis. The money supply is the real thing to take in consideration. How to be rich is not easy but have a simple process: create a company, sell it at a price you’re comfortable and consider the “enough” when you can live without stress and obligations.
14:20 I would argue that none of those things are free. They all cost time and money. About the only thing I can think of that is free is staying at home and watching TV so long as it's not through a prescription service. So make money or die trying. Just sayin.
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 recommendation on great performing stocks or Crypto will be appreciated..
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
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??
The “best things are free” is ABSOLUTELY incorrect! The cost of lost opportunity must be factored in when doing “free things” such as walking your dog, playing with your kids, watching TV, and getting a tan!! If you earn, for example, $10.00 an hour, then spending an hour walking dog actually cost you $10.00 you could have earned!!!!! 🤣🤣🤣🤣
Here's a classic example an author taking a succeful idea and then milking it to produce books with little value. The MIllionaire Next Door was good, this one, not so much. Stick with it, and The Psychology of Money, and you're good to go.
I’m not sure I agree. Next Door established the pattern. Millionaire Mind drilled into net worths of 10 million or more to refine the ideas further. I find I return to MM much more often.
This take a lot of work Just buy 100 bucks bitcoin every month learn how to invest and that’s enough These lessons on how build business are too much work for me 😂
Ouph, the sounds started at least 3 weeks ago?! 😢 They are quite annoying for sonophobes. My tips is to only use them when really making a point, inflation of them is just annoying.
► Check out Shortform and get a free trial and 20% discount at www.shortform.com/taekim
I “officially” became a net worth millionaire when I turned 39 (I got a call from my financial advisor informing me of my new status). I was surprised to learn my daily habits I unconsciously developed as I moved into the millionaire class mirrored EXACTLY the habits of other “everyday” millionaires as described in the featured book. I am 76 and still work full time as a medical director for a very large health insurance company. I have zero debt. My net worth is now well into 8 figures putting me into the 1% Financial Club living in California. BTW, I still drive a very well maintained 2011 Prius even though I can buy 5 Lamborghinis (in cash) without batting an eye and still have plenty of money to outlast me for 2 lifetimes!! My home is a standard 3 bedroom 2 bath house. We fly economy class for flights that are less than 5 hours. Living the dream! 🤣🤣🤣🤣
Man, being a millionaire in 1987 is like 2.78 million in today's money. You were ballin at 39. I wish I could get there, but I'll only barely be a millionaire in today's money at 40.... T.T
🤭
I'm surprised you stayed at the w2 job considering your social skills you didn't take ok running a business
Do you spend any of your money then? If yes, how?
Hopefully you’re able to enjoy some of what you’ve compiled through amazing experiences, otherwise, what’s the point.
That book is a classic and should be a textbook for a lot of people. His other book, Stop Acting Rich is another amazing book.
right)
The whole 'getting along with people' advice is so underrated! 🤝 We always hear about hard skills, but it's the social skills that make or break most people. Anyone else agree?
What about I don’t like people at all😂
Social skills without technical skills on a particular subject is gonna get you nowhere too
Your channel has a lot more value that many others as it focuses on habits, learnings and focusing. A bunch of the other channels just focus on living with minimalism, and only focus on the habits of how they got where they are. What you put out there is a blueprint for a person's future.
I stumbled across your videos and I'm glad I did
To get to that milestone you need to be wary of high debt levels, poor spending habits that drain finances, neglecting savings and investments which hinders wealth accumulation. Being financially aware would be of great deal. i can say that helped me in life to reach my first million and i also sought help to handle my portfolio which was my foundation. i'm ever grateful to Susan Kay Mack my FA.
An everyday millionaire. Well done
out of curiosity I did read about Susan Kay Mack on the web, she has a great resume
A full life is filled with mostly mundane moments.
i feel i downplayed the role of FA's in the past.. now actively looking to get one.
Thank you, as always, for the excellent breakdown and advice.
This is amazing information thank you so much for the inspiration ❤❤❤
Very helpful Thank you for sharing this
It really is important to get your mind into your finances.
When I was in high school, I had a debate with one of my teachers who pushed that we should all follow our passion when selecting our careers. I asked him if that passion led to little to no money, what use could that be? More than a decade later, I'm glad I took the stance I did and it's not changing one bit. Granted, I believe we should all choose something that we don't dislike altogether--at least it shouldn't be detrimental to your mental and physical health whenever possible. But the older I got, the more I realized that there's a lot to pay for in life, and having the capital to live the way you want, protect your family and to be able to shoulder life's unexpected surprises is a peace of mind that's priceless to me.
It think the whole "follow your passion" thing has been misconstrued over time and is kind of backwards.
I think it's about being passionate about what you do, getting really good at it and then opportunities open up.
@ I think that’s definitely a better way of looking at it!
I really do appreciate your recommendations . Thank you .
Yes, I agree, there are great tips here)
Thank you 🙏🏾
Great content 👌 👏 👍
I totally agree.)
We are in our 50s with nearly $3M saved, no debt and $50K annual spending. But we avoid the stock market completely.
I’m retired. Your story of a conservative savings profile is a common one. Any course of action involves risks. You might be avoiding market risk, but you are taking on other risks like inflation and reinvestment risk.
My wife is willing to work for another 5 years if needed. Are we in good shape? Will we be okay if I begin withdrawing from Social Security when I’m 62 and my wife is 67? Should we hire a financial planner to help us navigate this?
No one likes market risk, but without longer retirement, taking on risk is often a necessary evil to compensate for inflation.
@richarddamien Certainly get a pro to look at your predicament (if you even have one, lol) A second opinion from acomprehensive financial adviser can help you look at more than just your current estimate of cash flow and needs but also longevity risk, outliving your money, tax considerations, legacy planning, healthcare costs, inflation and a myriad of other things you may not be considering when reviewing your current situation
@waldenharvey How does one get a comprehensive fa who isn’t looking to just make a buck from consultancy and whatnot
I started doing a couple of ETFs and noticed a difference in weekly deposits.
Great advice
Yes, I agree, there are great tips here)
I like your hair style kim
I tell people all the time that the only reason I still have a job is because I can talk and talk with anyone. It doesn't matter if you're the custodial worker or CEO, I talk to each the same. My wife tells me strangers are just friends I haven't met. 🤣
I loved Korea, spent 3 years there and enjoyed the people and culture!
What’s your secret ? How do you get the confidence?
@ I honestly don't know, always been an extrovert and could talk to anyone. I think some of it has to do with me not caring what others think of me. I am who I am and anothers opinion doesn't affect my life. A lot of people let anothers view of them can make a difference.
Great book 🤝
I agree)
What would be the best 5 etfs for a beginner with a lump sum ?
In no order: 1) VOO 2) QQQM 3) SCHG/VUG 4) VTI 5) SCHD/DGRO. Personally I put down 1.2m$ on few ETFs, still diversifying. it was this time last year I made my first break through with a liquid 370k. Handed it to a trader here in TX, I get weekly pay out which I put back on long term ETF's. Tesla will be a huge buy for me when the market bottoms.
Thank you, I already added VOO and QQQM, can you share this Pro with me.
Yeah, Jennifer Kristie Taylor use her name to look her up.
I met Jennifer Kristie for the first time last year at a womens' conference here in Pennsylvania, and my life has changed for the better since then. God bless her!
For the Newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's sad truth. I remember when i just got into crypto back in 2019 but later in 2020 i ended up selling it because i have lost alot trading all by myself without a guide. Got back into crypto early in 2024 with $20k and I'm up with $232k in a short period of time
What opportunities are there in the market, and how do I profit from it?
I would really like to know how this actually works. how can I get in contact with her
Tracy Britt Cool Consulting... has always been on the top of my list.. She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I recently started trading last year in April, invested 50k in the market, and my portfolio is currently worth slightly over 190k. That's a lot more than I make in a vear from my job.
Wow, I know Tracy Britt Cool Consulting.... Her platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not she outperforms, i will always stay invested as her methods alone with keeping investors in touch with their strategies and outlooks are something that so few managers are capable of, and they should follow suit.
You're doing a fantastic job! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
If you want to have money, then work, and if you want to get rich, start doing things you've never done before😉
These are all important things. The most important thing is God. Give 5 percent of your income to the church and 5 percent to the poor. Unless you are giving the poor you are poorer than you know we must give to the poor and to the Kingdom of God 💕🙏💕
Most books on wealth are full of fluff, but ‘Uncommon Paths to Wealth’ by CrypticLore is all substance. It’s the real deal
Third ❤❤❤
You need to evolve into Multi Millionaire Mind…
Hi, I would like to share my way of thinking. Sorry in advance for my broken English I’m french.
To be transparent and give you some context: I come from the poorest city of North France, create a company and sold it. Allowing me to be 8 figures the month of my 30’s.
I think it’s a bit misleading to say in the video that most millionaires lives in a normal home because of the home price increase valuate actually their home easily for a million.
It might be true that 10-20 years ago millionnaire was really ahead the financial game. Now times are different and a million is not enough to be free of your time and choose your level of comfort in this uncertain time we are living in.
I see a huge gap between millionaire and 8 figures in terms of freedom and peace of mind.
Don’t wait to start, create, sell and invest because the real devaluation of money is not the 3% inflation but 6%.
Inflation is just the increase in term of price for daily basis. The money supply is the real thing to take in consideration.
How to be rich is not easy but have a simple process: create a company, sell it at a price you’re comfortable and consider the “enough” when you can live without stress and obligations.
14:20 I would argue that none of those things are free. They all cost time and money. About the only thing I can think of that is free is staying at home and watching TV so long as it's not through a prescription service. So make money or die trying. Just sayin.
Just curious, why are you not shooting your videos in your office now?
The background is added. Look at his outline...
Oh only 4 beds and 3 baths? How modest these millionaires are 😅
first
Buyers lists are overrated. If you have a deal and you do basic marketing, buyers will find you.
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 recommendation on great performing stocks or Crypto will be appreciated..
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
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??
The “best things are free” is ABSOLUTELY incorrect! The cost of lost opportunity must be factored in when doing “free things” such as walking your dog, playing with your kids, watching TV, and getting a tan!! If you earn, for example, $10.00 an hour, then spending an hour walking dog actually cost you $10.00 you could have earned!!!!! 🤣🤣🤣🤣
Here's a classic example an author taking a succeful idea and then milking it to produce books with little value. The MIllionaire Next Door was good, this one, not so much. Stick with it, and The Psychology of Money, and you're good to go.
I’m not sure I agree. Next Door established the pattern. Millionaire Mind drilled into net worths of 10 million or more to refine the ideas further. I find I return to MM much more often.
I'm favored,$9k every week! I can now give back to the locals in my community and also support God's work and the church.God bless America..
second
Fourth 😂
This take a lot of work
Just buy 100 bucks bitcoin every month learn how to invest and that’s enough
These lessons on how build business are too much work for me 😂
Ouph, the sounds started at least 3 weeks ago?! 😢 They are quite annoying for sonophobes. My tips is to only use them when really making a point, inflation of them is just annoying.