Let's not kid ourselves... most of us start getting serious about our personal finances "late" in life, so in that case, the only option left for us is to focus, concentrate our resources and take drastic action.
@@nmejias370 .......while that may be true for ' some ' groups of people, we have too much information AND examples now of what life would be like ......heck, if we didn't even have an emergency fund set up let alone, saving for retirement. Like I tell everyone, the information I know today ..... I wish I knew only 20 years ago. Not only WHY to save .....but strategies on HOW to save and not even worry about it. Saving ' late ' may have been a thing of the 1950s when folks didn't have the resources and mindset of why and how .......we have no Excuse in 2021 and beyond. Real talk, being broke is a choice today because the information is plentiful. Years ago, I used the internet to start learning how to run and ran my first marathon. I certainly can use the same tools to learn how to save money and more importantly ....... why to save There's no more excuses
@@thomasthorne4010 Some people, actually, I'd say the vast majority of people live paycheck to paycheck, they know they should be saving and investing but most don't. Most of them don't really need any excuse, they just say that it's their money so they do whatever they want with it. In my case I did miss a lot of valuable information going quite a few years back in the sense that if I'd start investing back when I was 18, I'd be set for life today, but that's not my case, I always assumed that the way to get rich was by simply saving cash and putting it away in a savings account, which I did, but ended up wasting it rather than investing it. Back on my feet now. I agree with Tony when he says that most people value more immediate gratification over delayed ans greater rewards. Many people spend everything they earn the same way many people carry on smoking 'till they die, not because of a lack of information but because they simply refuse to change their bad habits. Each to their own. Going bakc to my initial comment, for those of us who start investing 'late' in life, the only way I see to 'catch up' if by investing larger amounts regularly.
@@nmejias370 I think that .....yes, folks GOTTA START from ground zero. Forget ' investing ' . Forget the ' rate of inflation '. For all these folks that live ' check to check ' ....... I'd bet my son's life and spit on my mom's grave when I say I KNOW that not only they have monies for Biack Friday .....but they get a NEW IPHONE every year !!!!!!!! Every year fresh out the store Now, in all honesty, I could care less BUT I'm a guy that say " don't give me problems ..... give me solutions ". One solution is stop putting wants over NEEDS and as far as your needs go ...... create a budget and try to get your expenses lowered. Again, we live in the world of Facebook ..... TH-cam ..... Google and every other all you can think of AND APPS that show you HOW to set up a budget. Again, there's just no excuse in 2021. And I'm not saying go full throttle. As I learned how to run ..... I began by walking. I don't care if you save $1 a check ...... save that $1 then. I'm a creator when it comes to saving. I bet in November ...... folks don't think about check to check and I'd bet my LIFE on that
I retired 35 years and 7 months. No chance I was working into my late 70's, I have better things to do like sitting by the pool and looking at the blue sky.
@Thaw Kwa The earlier you start the better off you will be. I am compounding an investment now, daily! Einstein said, "Compound interest is the 8th wonder if the world". 🌎
I am compounding XRP. I started in 2020 at 18c a coin. I hope one day its worth more so that I double compound from price moves and staking.... staking crypto is my compounding plan. If it works then Bora lives.
I started when I was 19 years old an I just turn 29 not making alot of money one of the years I put in almost 12k in a year but not from investments I have 120k as of right now I started early just like some of these videos an Dave Ramsey talks about I'm close to being a unicorn starting with nothing an not making alot of money
All after 7min, 20years worth of cash is worth more than 20years of cash 20years later. Or if you meant 40years worth of investing is worth more than 20years of investing later than those early extra 20 years. I Agree if everything stays the same
You're welcome. It's pretty simple. Reserve an evening to read their materials... If you can read a graph, you are set. Warren Buffet mentioned Jack Bogle in his letter to his shareholders again. Hope you become wealthy.
Hey Kryz, WOW, thank you SO much. I really appreciate your helping me on this and giving me some starting points. I'm really clueless on these things, but I really want to learn more, so I really appreciate your time in replying to me. I am definitely going to make time to read the material. With kind help like yours, I'm sure I will and the same to you.
Hey @notgivingmyrealname William started earlier, deposited for 20 years, and all the remaining time his earnings compounded, where as the second person started 20 years later (and even though he deposited for 25 years, he missed all that extra time of compound interest. the key is time with compounding. hope that helps.
+Notgivingmyrealname I understand it can sometimes be tricky to grasp...in essence because William started at 20, and earned 10% each year on the $4k he added every year for those 20 years, then he stopped adding to it, but didn't touch it and left it earning for another 25 years, that additional compounding interest over time is why he ends up with 600% more...his brother only put his money in for 25 years and had no extra compounding time. in effect only 25 years, vs 45 years that William had. Any clearer?
Would you still to work at the age of 80? What about leaving something to your kids and allow them to have a better start in life than you did? And if you dont have kids or family, open a few Roth IRAs for kids you know deserve a better future? Dont always think of yourself. Think bigger
Metaverse certificates are the best today to compound your money. It can help you compound $2000 so that in 6 years or less you have about $ 2 million for retirement.
![โอ้เธอช่าง... - บี้เดอะสกา ft. ต๋อง เทวัญ (Prod. by ป๋าเพชร) [Official MV]](http://i.ytimg.com/vi/zbWhiLFmVL0/mqdefault.jpg)
To me .....the MOST IMPORTANT POINT of this video ......is to get started early in your life.
That's the real magic
Let's not kid ourselves... most of us start getting serious about our personal finances "late" in life, so in that case, the only option left for us is to focus, concentrate our resources and take drastic action.
@@nmejias370
.......while that may be true for ' some ' groups of people, we have too much information AND examples now of what life would be like ......heck, if we didn't even have an emergency fund set up let alone, saving for retirement. Like I tell everyone, the information I know today ..... I wish I knew only 20 years ago. Not only WHY to save .....but strategies on HOW to save and not even worry about it. Saving ' late ' may have been a thing of the 1950s when folks didn't have the resources and mindset of why and how .......we have no Excuse in 2021 and beyond. Real talk, being broke is a choice today because the information is plentiful. Years ago, I used the internet to start learning how to run and ran my first marathon.
I certainly can use the same tools to learn how to save money and more importantly ....... why to save
There's no more excuses
@@thomasthorne4010 Some people, actually, I'd say the vast majority of people live paycheck to paycheck, they know they should be saving and investing but most don't. Most of them don't really need any excuse, they just say that it's their money so they do whatever they want with it. In my case I did miss a lot of valuable information going quite a few years back in the sense that if I'd start investing back when I was 18, I'd be set for life today, but that's not my case, I always assumed that the way to get rich was by simply saving cash and putting it away in a savings account, which I did, but ended up wasting it rather than investing it. Back on my feet now. I agree with Tony when he says that most people value more immediate gratification over delayed ans greater rewards. Many people spend everything they earn the same way many people carry on smoking 'till they die, not because of a lack of information but because they simply refuse to change their bad habits. Each to their own. Going bakc to my initial comment, for those of us who start investing 'late' in life, the only way I see to 'catch up' if by investing larger amounts regularly.
@@nmejias370
I think that .....yes, folks GOTTA START from ground zero. Forget ' investing ' . Forget the ' rate of inflation '. For all these folks that live ' check to check ' ....... I'd bet my son's life and spit on my mom's grave when I say I KNOW that not only they have monies for Biack Friday .....but they get a NEW IPHONE every year !!!!!!!!
Every year fresh out the store
Now, in all honesty, I could care less BUT I'm a guy that say " don't give me problems ..... give me solutions ". One solution is stop putting wants over NEEDS and as far as your needs go ...... create a budget and try to get your expenses lowered. Again, we live in the world of Facebook ..... TH-cam ..... Google and every other all you can think of AND APPS that show you HOW to set up a budget.
Again, there's just no excuse in 2021. And I'm not saying go full throttle. As I learned how to run ..... I began by walking. I don't care if you save $1 a check ...... save that $1 then. I'm a creator when it comes to saving.
I bet in November ...... folks don't think about check to check and I'd bet my LIFE on that
This man made me $200,000 dollars richer thank you so much.
Well done +Ballinwitmy Uzi
What strategy did you us please?
I retired 35 years and 7 months. No chance I was working into my late 70's, I have better things to do like sitting by the pool and looking at the blue sky.
@Thaw Kwa The earlier you start the better off you will be. I am compounding an investment now, daily! Einstein said, "Compound interest is the 8th wonder if the world". 🌎
Greatest concept of all time.
Absolutely +Joseph O...when time is on your side :)
I just was sold on this book
this person can hipnotize anyone
Love this video! the joys of compound!
I remember this guy from Shallow Hal. He reminds me of Steve-O if he went to college and was 8 inches taller.
What particular can you easly invest in that can compound your money I have been looking for?
I am compounding XRP. I started in 2020 at 18c a coin. I hope one day its worth more so that I double compound from price moves and staking.... staking crypto is my compounding plan.
If it works then Bora lives.
Crypto=pump and dump
I started when I was 19 years old an I just turn 29 not making alot of money one of the years I put in almost 12k in a year but not from investments I have 120k as of right now I started early just like some of these videos an Dave Ramsey talks about I'm close to being a unicorn starting with nothing an not making alot of money
Well done!
Thank you I won't stop cause I get some company match so I get alot of free money helping me on the journey
How does this benefit some line over 50
All after 7min, 20years worth of cash is worth more than 20years of cash 20years later.
Or if you meant 40years worth of investing is worth more than 20years of investing later than those early extra 20 years. I Agree if everything stays the same
How does this video only have 30k views?
Ignorance is Bliss
where do you put this money? Does anyone know please? Surely not just in a normal savings account? how does it keep growing?
Vanguard index funds.
I will have a look at that, thank you so much.
You're welcome. It's pretty simple. Reserve an evening to read their materials... If you can read a graph, you are set. Warren Buffet mentioned Jack Bogle in his letter to his shareholders again. Hope you become wealthy.
Hey Kryz, WOW, thank you SO much. I really appreciate your helping me on this and giving me some starting points. I'm really clueless on these things, but I really want to learn more, so I really appreciate your time in replying to me. I am definitely going to make time to read the material. With kind help like yours, I'm sure I will and the same to you.
vickie coetzee are you still interested in learning?
Why does William make more if it was a shorter period of time??
Hey @notgivingmyrealname William started earlier, deposited for 20 years, and all the remaining time his earnings compounded, where as the second person started 20 years later (and even though he deposited for 25 years, he missed all that extra time of compound interest. the key is time with compounding. hope that helps.
+Malcolm Pollard I guess I'm missing something. If the more time equals more compound then why would when 1 starts make a difference
+Notgivingmyrealname I understand it can sometimes be tricky to grasp...in essence because William started at 20, and earned 10% each year on the $4k he added every year for those 20 years, then he stopped adding to it, but didn't touch it and left it earning for another 25 years, that additional compounding interest over time is why he ends up with 600% more...his brother only put his money in for 25 years and had no extra compounding time. in effect only 25 years, vs 45 years that William had. Any clearer?
+Malcolm Pollard in essence the longer money is left untouched the more profit makes?
WHO ON EARTH EARNS 20 PERCENT INTEREST A YEAR?
I don't know if I am thinking too fast but whats the point of having $35M when you're 80 years old?
I don't know if I am thinking too fast but whats the point of having $35M when you're 80 years old? well what if you don't have shit at 80
Cam Lin put some money in a taxable account it will build fast and u don’t have to wait til your 59 and a half you can draw from it whenever you want
Would you still to work at the age of 80? What about leaving something to your kids and allow them to have a better start in life than you did? And if you dont have kids or family, open a few Roth IRAs for kids you know deserve a better future? Dont always think of yourself. Think bigger
I agree.
3:37 William and James investing
Youll have 200 thousand and not 20 million in 20 years. Who calculated this?
i did but what??? is he laying? or making it sound too good?
He’s calculating with different fees I believe one with lower fees cost and one with higher fees
Metaverse certificates are the best today to compound your money. It can help you compound $2000 so that in 6 years or less you have about $ 2 million for retirement.
This is all assuming that you bought the right stocks that gained over time and not the opposite
The s&p 500 has gained over 10% return every year that’s a historical fact
You dont have to assume. Get the 500 index fund. This way you ensure to have a slice of the 500 biggest US companies
23:22
Your voice sounds like it hurts.
$300 a month... in one company?
Christopher Garcia invest in the s&p 500 your 300 will be invested in the 500 top countries in the United States like apple and google
SO LEAVE 300 IN S AND P AND LET IT DO THE WORK..... OR 300 EVERY SINGLE MONTH?