Thank you to our friends at Empower for sponsoring this video! Click our link: bit.ly/HumphreyEmpower to download Empower and get approved for the Empower Thrive line of credit.
@@GoPractic4Ha, you mean of his or the tuber in general? Tillbury( like Cadbury has good eggs* 😉, maybe one L I forget. First names are a tricky Mark( Humphrey is good too. 👍
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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 Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
'Vivian Carol Gioia' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Chrystal on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Not at all, I am saving and investing around 40 percent of I and my employer contribution. I have a high paying engineering job, and I live in CA. With covid 19 my expenses are extremely low. I have zero debt on a 7 figure portfolio, no rent and car paid off and it helps me a lot to just save. I feel lucky and grateful my adviser Anna Rounds Fay came into play.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@caseycantrell-gh6fg However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
In my opinion i feel right now e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
With the current market activities My advice to anyone starting out in the market is to seek guidance as its the best way to build long term wealth while managing your risk and emotions with the passive investing strategy.
Interesting, I’ve actually been looking into getting one, lately the news I've been seeing in the market hasn't been so encouraging. If you don't mind me asking who's the person guiding you?
She goes by ‘Wendy Birkett” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
This is crazy If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Wendy Birkett will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…
I really enjoy your videos especially the one about the Chinese and how they save money. We started saving for retirement at age 25 and we are now in our mid to late 50's. The $25K that we started with is now about $850K. Of course, we endured the 2008 financial crisis and even with that horrific time we were able to stay the course. I will never use a stockbrober anynore. Videos like these can educate better than someone making a commission. No one is going to care about your money more than you! Also, I meal prep all my meals because I am a homemaker and food is one area that I can control for my husband and I.
Been watching you for three years, really appreciate your content and learned a lot! Thank you Humphrey! Moving back state side after two decades overseas and each of these videos are making me transition back to living state side haha. much love from Shanghai China.
I liked it even when the ad is still playing 😂. I followed this channel since last last year when Humphrey made a clip on which stocks to buy. I followed him and bought *** ETF and it grew 60% in one year… so I don’t care if people leave negative comments. I just want to say thank you and please continue to be you and say what you want to say. I have been wanting to write this comment for a while. 😊
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.
Absolutely, making informed and thoughtful decisions when it comes to finances is crucial. Whether it's budgeting, investing, or managing debt, having a plan and taking the right steps can lead to financial security and success.
I have a $250k net worth together with my wife according to my financial planner. It sure doesn't feel like it because the emergency fund is considerably low and the IRA account I have is pretty low (40k) for my age (34)... Working towards more income streams, paying off debt and staying away from debt and building that wealth
Hi everyone, I just sold my home in Ft. Lauderdale, FL for 3.8 million. What should I do with the money? Should I put like 3/4 of it in the stock market and enjoy remaining? I am 40 years old and single guy. I plan on retiring in Thailand, so its why I sold it.
Ufff - Empire thrive, $8 a month to borrow $250? What’s the APR of that I’m not sure why you would recommend a debt product as a “way to build wealth” Bad sponsor
The Empower subscription gives you full access to easy-to-use tools to improve your financial health, like automatic savings, credit score monitoring, spend tracking, and a rewards debit card - all on top of Thrive. And with Thrive, when you schedule a full, automatic repayment on your next paycheck date you pay 0% APR.
Would like to get your advise on whether it’s correct to use compound interest calculator to calculate potential returns of a dollar cost average strategy on an index fund? Thank you.
@@humphrey Two more same videos on youtube saying the same exact thing. IS IT LIKE A GROUP PLANING TO SAY THE SAME THING TO AUDIANCE Repeatedly SO THEY EVENTUALLY THINK ITS TRUE? I Dont like the smile , did'nt like the smile in the other two videos.
Do you really have to plug in an ad in the middle of the video and not at the beginning or end? I pay 20 bucks a month for NO ADS. Why don’t you have premium settings?
Well, that makes me more confident. I have three sources of income. I have my primary paycheck, I have a high yield savings account, and I have investment income that I am paid in dividends. But am I close to $100k? Nope! On hand, I have like less than $25k if I were to sell all my ETFs in my brokerage, transfer all of my money out of my high yield and combine all of that with what I have in checking. *sigh* I am not counting ROTH or any of my money saved in work ROTH 401k and 457b.
@@LeveragedFinance I didn't. I am in my early 40's. I didn't start my career until 10 years ago. Having a stable income that I could really budget on helped a lot.
Sir, I am an Indian citizen, can I use this application, but this application is not available in my country, so can I use it with the help of VPN? Love From India ❤
The best thing and the simplest thing you could do is make sure you're investing $1000 into your brokerage or retirement account every month. If you aren't able to, figure out how to come up with some extra cash. Your future self needs it.
I would start with $1000 savings that is $83.33 per month. I think with the amount we spend on Netflix or Cellphone bills… we should make it a priority to have an emergency 🚨 fund. Now we have different ways we get extra cash from side hustles like grub hub, uber driving or Amazon drivers . Thanks Humphrey
I can't wait until I can start putting significant money into investments. I'm currently in the process of paying off my student loans and it should take 2 years at the rate I'm going. Luckily I was able to get a couple thousand in seed money invested before student loan payments resumed. Great video!
If your job let's you collect pto, even better if it rolls over. See if you can use pto o. A day off as to get the pay without the day off. It's like working a extra day without working it
Hey Humphrey, when you say that its easier to grow your wealth after th first $100k, does thar include your retirement savings, and investments or liquid cash?
I hear you say that 100,000 dollar mile stone a lot, but are you referring to having that consolidated in one account or does it matter if that is spread across multiple accounts? It seems in one account it will give you the compounding you keep talking about.
It doesn't matter how many accounts you have. Compounding will work the same either way. It would be really cool if you could have it all in one account like a Roth IRA, though. But most people have an employer sponsored 401k or another type of account.
@@edwinroyal9734 interesting. It seems the wisdom is that 100k will compound faster on itself if it’s in one place. But I’ve not heard anyone say that out right. I have mine spread between high yeild 401k Roth IRA and investment account. So was trying to find the optimum strategy.
What is your advice on keeping your 401k account from a prior job separate or rolling it into the new company’s retirement account. Also say someone had 70k in a former employers 401k account and has 30k in there currently new employers 401k account does that still count for getting the benefits of reaching your first 100k even though they’re in two separate accounts?
It doesn't matter how many accounts your investments are spread over. It's just easier to manage less accounts. The only reason I would avoid rolling over a 401k from a previous employer is if it had lower fees or better types of investments to choose from. Otherwise, I would just roll it over so you have less accounts to pay attention to.
My main retirement portfolio is just under $170k and i’m going to try implementing some of these things. It really does start to grow faster as it gets higher. Getting it over $100k seemed to take forever. Setting a goal for myself of getting it to $225k by end of 2024.
Hey Humphrey I’v been watching your videos for a while now, and I have a question don’t know if you will be able to answer but I thought I’d give it a shot. I already started investing in ETF funds, but I have 25k on car loan that is taking a lot from my pocket, interest rate is at 10.4% because I’m 23 years old I do wanna keep investing now that I’m young what would you recommend me to do, Should I focus on pay my debt or keep investing ? Or should I do both ? Thanks for reading it
If your company has a 401k match that's the only investing you should be doing until your high interest debt is paid off. Pay that car off as fast as possible. If you don't think you can pay it off in a reasonable amount of time, you might want to consider getting a cheaper car or even going without a car if you're lucky enough to be able to walk or use the bus to get everywhere. Cars are expensive, but most of us need them. Just try to spend as little as possible on them so you have more margin to save and enjoy the rest of your income. Oh, one more thing. Don't be like my dumb friends who avoid getting their cars properly serviced and maintained and then always complaining about how they always have to buy another car because the last one wasn't reliable... yeah, go figure 🙄. Anyway, good luck!
Thank you to our friends at Empower for sponsoring this video! Click our link: bit.ly/HumphreyEmpower to download Empower and get approved for the Empower Thrive line of credit.
Could you please talk about how to reach from 100k to 1M? I could not find any video talking about it. Thank you!
@@GoPractic4Ha, you mean of his or the tuber in general? Tillbury( like Cadbury has good eggs* 😉, maybe one L I forget. First names are a tricky Mark( Humphrey is good too. 👍
No thanks
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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.
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 Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you.
'Vivian Carol Gioia' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Chrystal on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Not at all, I am saving and investing around 40 percent of I and my employer contribution. I have a high paying engineering job, and I live in CA. With covid 19 my expenses are extremely low. I have zero debt on a 7 figure portfolio, no rent and car paid off and it helps me a lot to just save. I feel lucky and grateful my adviser Anna Rounds Fay came into play.
That’s some good values. sounds like you got something going for you
She appears to be well-educated and well-read. I did a search on her name and came across her web, thank you for sharing.
Love this, i just looked her up. I'll work with her too. Thanks for the tip
Scam
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@caseycantrell-gh6fg However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Donnafrank-k6e Oh please I’d love that. Thanks!
@@caseycantrell-gh6fg Clementina Abate Russo is her name
Lookup with her name on the webpage.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
In my opinion i feel right now e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
With the current market activities My advice to anyone starting out in the market is to seek guidance as its the best way to build long term wealth while managing your risk and emotions with the passive investing strategy.
Interesting, I’ve actually been looking into getting one, lately the news I've been seeing in the market hasn't been so encouraging. If you don't mind me asking who's the person guiding you?
She goes by ‘Wendy Birkett” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
This is crazy If anyone ever told me I will be randomly be surfing on the net and come across individuals talk about Wendy Birkett will for sure doubt but this is crazy I know her and love her strategy so much wow thanks for preaching the gospel…
I really enjoy your videos especially the one about the Chinese and how they save money. We started saving for retirement at age 25 and we are now in our mid to late 50's. The $25K that we started with is now about $850K. Of course, we endured the 2008 financial crisis and even with that horrific time we were able to stay the course. I will never use a stockbrober anynore. Videos like these can educate better than someone making a commission. No one is going to care about your money more than you! Also, I meal prep all my meals because I am a homemaker and food is one area that I can control for my husband and I.
Been watching you for three years, really appreciate your content and learned a lot! Thank you Humphrey! Moving back state side after two decades overseas and each of these videos are making me transition back to living state side haha. much love from Shanghai China.
Moral of the story, get a hold of a million dollars, bam!
Your laid back style is soothing, you have the great gift of encouragement with that hope
Just my obligatory comment for the algorithm so Humphrey can get his. I always learn from you man, thanks for another video.
I appreciate that!
Thanks again for your content.
I liked it even when the ad is still playing 😂. I followed this channel since last last year when Humphrey made a clip on which stocks to buy. I followed him and bought *** ETF and it grew 60% in one year… so I don’t care if people leave negative comments. I just want to say thank you and please continue to be you and say what you want to say. I have been wanting to write this comment for a while. 😊
What etf did you buy
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.
Absolutely, making informed and thoughtful decisions when it comes to finances is crucial. Whether it's budgeting, investing, or managing debt, having a plan and taking the right steps can lead to financial security and success.
When you say save 100k, does that mean you have 100k liquid or 100k in assets (retirement, stock, house etc.)?
assets
Appreciate it
Ay unintended pun 😏
TH-cam videos on building wealth: just make more money.
🤦Why didnt I think of that?
Do I count my state pension when adding up my retirement savings? I also have 401K & Roth IRA.
I am interested to know if you consider a 6 months time deposit at 5% an investment?
I have a $250k net worth together with my wife according to my financial planner. It sure doesn't feel like it because the emergency fund is considerably low and the IRA account I have is pretty low (40k) for my age (34)... Working towards more income streams, paying off debt and staying away from debt and building that wealth
Happy April Fool’s Day. Do you play pranks on people on April Fool’s Day?
no haha i am straight-forward
@@humphrey Thats what someone who plays practical jokes would say
Hi everyone, I just sold my home in Ft. Lauderdale, FL for 3.8 million. What should I do with the money? Should I put like 3/4 of it in the stock market and enjoy remaining? I am 40 years old and single guy. I plan on retiring in Thailand, so its why I sold it.
Never been this early tbh 😂
welcome :D
Same lol
I seen this video before
Yeah, literally just last week! I was expecting it to be new content...
Damn that ice coffee looked good 👍🏽
What is your take on US bonds?
Is there a reason why you prefer Wealthfront over betterment?
Ufff - Empire thrive, $8 a month to borrow $250? What’s the APR of that
I’m not sure why you would recommend a debt product as a “way to build wealth”
Bad sponsor
The Empower subscription gives you full access to easy-to-use tools to improve your financial health, like automatic savings, credit score monitoring, spend tracking, and a rewards debit card - all on top of Thrive. And with Thrive, when you schedule a full, automatic repayment on your next paycheck date you pay 0% APR.
Does saving in a 401k count? Or are you talking about savings that you can use anytime without penalty?
Would like to get your advise on whether it’s correct to use compound interest calculator to calculate potential returns of a dollar cost average strategy on an index fund? Thank you.
❤ this video. I am working on an online business.
nice Courtney
@@humphrey Two more same videos on youtube saying the same exact thing.
IS IT LIKE A GROUP PLANING TO SAY THE SAME THING TO AUDIANCE Repeatedly SO THEY EVENTUALLY THINK ITS TRUE? I Dont like the smile , did'nt like the smile in the other two videos.
Do you really have to plug in an ad in the middle of the video and not at the beginning or end? I pay 20 bucks a month for NO ADS. Why don’t you have premium settings?
Where to get 8% interest rate on money? Savings accounts I see are 4.5%
Great seeing you on George Kamel's channel, how was the donut?
Build wealth with $0
*Bank robbers liked this video*
Black rifle coffee is better
How do you open a brokerage account?
Is this an April fools joke?
8th
nice Block!
Third
lets go! welcome
❤
thank you for the heart!
@@humphrey I still use the McD app for 0.99 ice coffee and fries deals😂
Why use a grifter like Graham as an example of success?
You should give some share of your wealth to Naval for his wisdom, you are literally saying word to word from his book lol.
1.find an undervalued stock 2.check if fundamentals are solid and efficent ...if yes 3. BUY and Wait untill its overvalued. 4. repeat :-)
Well, that makes me more confident. I have three sources of income. I have my primary paycheck, I have a high yield savings account, and I have investment income that I am paid in dividends.
But am I close to $100k? Nope!
On hand, I have like less than $25k if I were to sell all my ETFs in my brokerage, transfer all of my money out of my high yield and combine all of that with what I have in checking. *sigh* I am not counting ROTH or any of my money saved in work ROTH 401k and 457b.
I just hit $100,000 net worth this last quarter! 💪
Let’s go!
Congratulations buddy!
How did you do it before age 30
Congrats!!😁
@@LeveragedFinance I didn't. I am in my early 40's. I didn't start my career until 10 years ago. Having a stable income that I could really budget on helped a lot.
"Broke? Have you tried sellin million dollara homes in Hawaii?" 😂🤣😂🤣
Sir, I am an Indian citizen, can I use this application, but this application is not available in my country, so can I use it with the help of VPN?
Love From India ❤
The best thing and the simplest thing you could do is make sure you're investing $1000 into your brokerage or retirement account every month. If you aren't able to, figure out how to come up with some extra cash. Your future self needs it.
so if you make it to the happy 5m goal, how much in lil gift would you pass on to the advisor?@thelooseseal
Doesn't matter if $1 or $100. Be frugal to get rich.
I would start with $1000 savings that is $83.33 per month. I think with the amount we spend on Netflix or Cellphone bills… we should make it a priority to have an emergency 🚨 fund. Now we have different ways we get extra cash from side hustles like grub hub, uber driving or Amazon drivers . Thanks Humphrey
Emergency funds are key to making sure you don't go under. Smart move.
I love your vids. Always so informative and entertaining
Glad you like them!
A great video with some great advice!!
Thanks so much!
Tax the rich so we can provide a safety net and we can be more free and build wealth?
No that’s too complicated.
“get a side hustle making $500/month” not exactly “reasonable” task when already working full time
I fully expected this to be an April's Fools but it doesn't sound like it so far haha
haha its not!
"graham stephen has made a great name for himself" - sure sounds like april fools to me.
That mower took that flag out.
Lmao!
Just dump every dime you've got in the market baby it only goes uppy uppy uppy.
I was listening and engaged until you promoted lines of credit. Nope!
Get a job !!! Why didn't I think of that 🤦 😂
Always appreciate your videos, bro. Thank you for the wealth of tips 🤝
The fact he does this for free
This was 🔥
thank you sir!
I can't wait until I can start putting significant money into investments. I'm currently in the process of paying off my student loans and it should take 2 years at the rate I'm going. Luckily I was able to get a couple thousand in seed money invested before student loan payments resumed. Great video!
🎉🎉🎉🎉
If your job let's you collect pto, even better if it rolls over. See if you can use pto o. A day off as to get the pay without the day off. It's like working a extra day without working it
Also, saved/invested 65K this year so far. On track to hit my first 100K saved in the next 3 months
Second
lets go!!!!
First
lets go
Hey Humphrey, when you say that its easier to grow your wealth after th first $100k, does thar include your retirement savings, and investments or liquid cash?
Very helpful video... Thank you
Most welcome 😊
If you only make $40k, work a second job for life so you make more than $40k. Thanks for the advice!
The federal reserve is not part of the federal govt. FR is a private bank 😮
Why only 2.1k likes?! This guy gives solid advice!
I reached 100k 8 years ago and threw it all into buying a house. I just saved another 100k.
I haven't watched this yet, buy are 3 of the steps 'stop eating out at restaurants', 'get a side hustle/job" and "open an HYSA"?
Am I close?
😂
I hear you say that 100,000 dollar mile stone a lot, but are you referring to having that consolidated in one account or does it matter if that is spread across multiple accounts?
It seems in one account it will give you the compounding you keep talking about.
It doesn't matter how many accounts you have. Compounding will work the same either way. It would be really cool if you could have it all in one account like a Roth IRA, though. But most people have an employer sponsored 401k or another type of account.
@@edwinroyal9734 interesting. It seems the wisdom is that 100k will compound faster on itself if it’s in one place. But I’ve not heard anyone say that out right. I have mine spread between high yeild 401k Roth IRA and investment account. So was trying to find the optimum strategy.
Right now I’m maxing out my Roth IRA and saving the rest in my high yield savings account. Hopefully going to buy a second property to rent soon🤞🏼
Having $0 sounds nice, been in the negatives for too long 😅
What is your advice on keeping your 401k account from a prior job separate or rolling it into the new company’s retirement account. Also say someone had 70k in a former employers 401k account and has 30k in there currently new employers 401k account does that still count for getting the benefits of reaching your first 100k even though they’re in two separate accounts?
It doesn't matter how many accounts your investments are spread over. It's just easier to manage less accounts. The only reason I would avoid rolling over a 401k from a previous employer is if it had lower fees or better types of investments to choose from. Otherwise, I would just roll it over so you have less accounts to pay attention to.
My main retirement portfolio is just under $170k and i’m going to try implementing some of these things. It really does start to grow faster as it gets higher. Getting it over $100k seemed to take forever.
Setting a goal for myself of getting it to $225k by end of 2024.
Hey Humphrey I’v been watching your videos for a while now, and I have a question don’t know if you will be able to answer but I thought I’d give it a shot.
I already started investing in ETF funds, but I have 25k on car loan that is taking a lot from my pocket, interest rate is at 10.4% because I’m 23 years old I do wanna keep investing now that I’m young what would you recommend me to do, Should I focus on pay my debt or keep investing ? Or should I do both ? Thanks for reading it
Pay it off that's a guaranteed 10 percent return on investment.
If your company has a 401k match that's the only investing you should be doing until your high interest debt is paid off. Pay that car off as fast as possible. If you don't think you can pay it off in a reasonable amount of time, you might want to consider getting a cheaper car or even going without a car if you're lucky enough to be able to walk or use the bus to get everywhere. Cars are expensive, but most of us need them. Just try to spend as little as possible on them so you have more margin to save and enjoy the rest of your income. Oh, one more thing. Don't be like my dumb friends who avoid getting their cars properly serviced and maintained and then always complaining about how they always have to buy another car because the last one wasn't reliable... yeah, go figure 🙄. Anyway, good luck!
Hello Sir, am from India. How to contact you Sir??
Be frugal and jeah, here is this app so you can get some credit