Paul - Masterpiece Finance
Paul - Masterpiece Finance
  • Видео 149
  • Просмотров 443 693
FINANCIAL COACH EXPLAINS: 8 Middle Class Habits Keeping You POOR
In this video, I will share with you the 8 MOST COMMON middle class money habits that hold people back and keep them poor. I will also share tips on how to break free from them.
Enjoy!
If you learned something, don't forget to LIKE this video and SUBSCRIBE if you haven't already! SHARE this video with a friend as well!
WATCH SOME OF MY OTHER VIDEOS:
▶️How To Invest on Robinhood For Beginners (In Under 5 Mins): ruclips.net/video/9gf9j2k9Ssk/видео.htmlsi=H37PNcvFpDQeDA-c
▶️FXAIX vs. VOO: Which is The Best S&P 500 Index Fund?: ruclips.net/video/qrsUVGY0MZo/видео.htmlsi=GhP5qZzkfONOwTD7
▶️FXAIX - The Greatest Index Fund In The World: ruclips.net/video/_DTy4s51VpA/видео.htmlsi=2XFYSElMe7xtoYj1
▶️ How...
Просмотров: 586

Видео

How To Claim FREE Stocks On Webull EXPLAINED! [What You MUST Know!]
Просмотров 1742 месяца назад
Join WEBULL HERE To Get Up To 75 FREE STOCKS! 👉 a.webull.com/Nwcusrr2Of1vR3KBc7 In this video im going to be explaining EVERYTHING that you need to know about earning free stocks on Webull, so you can confidently get started with this amazing sign up bonus, because who doesn’t like free money? Im first going to explain what the exact offer is and how it works, all the steps you need to take to ...
How To Trade Stocks On Webull In 5 Minutes! [START NOW]
Просмотров 2842 месяца назад
Join WEBULL NOW To Get Up To 75 FREE STOCKS! 👉 a.webull.com/Nwcusrr2Of1vR3KBc7 Webull is one of the most popular stock trading apps today, and in this video, we’ll be going over a quick tutorial how you can buy stocks on webull. If you watch this video to the end, you will learn how to confidently trade stock, how to navigate the webull app, and how to build a foundation that will set you up fo...
$300 CHASE Checking Bonus - All You Need To Know (How To Open Step By Step)
Просмотров 5113 месяца назад
👉 $300 Chase Checking Account Bonus Application Page HERE 👉 rb.gy/psofea There is a CRAZY OFFER going on right now and You can earn $300 just for opening a checking account with Chase for a limited time. In this video, I will be going over everything you need to know, so you can claim your free $300 bonus. We'll go over all the easy requirements, how to sign up step by step, and everything else...
How To Buy Crypto On Coinbase For Beginners (In Under 5 Mins)
Просмотров 1874 месяца назад
👉 Get $10 of Bitcoin For Signing Up & Funding Your Account on Coinbase HERE: www.coinbase.com/join/B7359XS In this video ill be going over a quick COINBASE investing tutorial in under 5 minutes. I will be buying some Bitcoin in this video as well! This video is perfect for beginners or anyone who is interested getting started with investing in cryptocurrency through COINBASE. Enjoy! If you lear...
How To Invest On M1 Finance For Beginners (In Under 5 Mins)
Просмотров 1,1 тыс.4 месяца назад
👉 Get $75 FREE For Signing Up & Funding Your Account on M1 Finance HERE: m1.finance/8CFlAc5Ix6yr In this video ill be going over a quick M1 FINANCE investing tutorial in under 5 minutes. This video is perfect for beginners or anyone who is interested getting started with investing through M1 FINANCE. Enjoy! If you learned something, don't forget to LIKE this video and SUBSCRIBE if you haven't a...
How To Get Priority Pass Membership Access (FULL Guide + Card Unboxing)
Просмотров 7025 месяцев назад
Are you tired of waiting at crowded airport gates? Are you someone who wants free access to airport lounges? Are you someone who would like priority pass access? In this video, i'll be going over exactly how you can get access to a priority pass membership, which gives you access to over 1,500 different airport lounges around the world. We’ll go over what priority pass is, the benefits of prior...
BEST High Yield Savings Accounts | Open These NOW (HIGH 5.50% APY)
Просмотров 4605 месяцев назад
BEST High Yield Savings Accounts | Open These NOW (HIGH 5.50% APY)
Capital One $250 Checking Bonus - All You Need To Know (How To Open Step By Step)
Просмотров 3 тыс.5 месяцев назад
Capital One $250 Checking Bonus - All You Need To Know (How To Open Step By Step)
Charles Schwab Investing Tutorial For Beginners (In Under 5 Mins)
Просмотров 1,7 тыс.5 месяцев назад
Charles Schwab Investing Tutorial For Beginners (In Under 5 Mins)
How To Get INSTANTLY Approved For The Capital One Venture X Credit Card (Full Guide)
Просмотров 1,8 тыс.6 месяцев назад
How To Get INSTANTLY Approved For The Capital One Venture X Credit Card (Full Guide)
8 MUST DO's RIGHT AFTER You're Approved (Capital One Venture X)
Просмотров 4 тыс.6 месяцев назад
8 MUST DO's RIGHT AFTER You're Approved (Capital One Venture X)
(NEW) Capital One Venture X FULL Unboxing 2024 - Is This Card Right For You?
Просмотров 1,4 тыс.6 месяцев назад
(NEW) Capital One Venture X FULL Unboxing 2024 - Is This Card Right For You?
Is This ACTUALLY The #1 Credit Card of 2024? (Venture X FULL REVIEW)
Просмотров 2,5 тыс.6 месяцев назад
Is This ACTUALLY The #1 Credit Card of 2024? (Venture X FULL REVIEW)
Best High Yield Savings Accounts To Open NOW in May 2024 (5.50% APY)
Просмотров 7676 месяцев назад
Best High Yield Savings Accounts To Open NOW in May 2024 (5.50% APY)
Best High Yield Savings Accounts To Open NOW in April 2024 (HIGH APY)
Просмотров 4 тыс.8 месяцев назад
Best High Yield Savings Accounts To Open NOW in April 2024 (HIGH APY)
6 ETFs That Will ACTUALLY Make You A Millionaire (With PROOF)
Просмотров 8519 месяцев назад
6 ETFs That Will ACTUALLY Make You A Millionaire (With PROOF)
TOP 3 ETFS To Get EXTREMELY RICH (Simple Investing in 2024)
Просмотров 1,9 тыс.10 месяцев назад
TOP 3 ETFS To Get EXTREMELY RICH (Simple Investing in 2024)
Fidelity Index Funds For Beginners (FULL TUTORIAL)
Просмотров 2,5 тыс.10 месяцев назад
Fidelity Index Funds For Beginners (FULL TUTORIAL)
BEST High Yield Savings Accounts To Open in 2024 (HIGH APY)
Просмотров 67510 месяцев назад
BEST High Yield Savings Accounts To Open in 2024 (HIGH APY)
How To Invest In The S&P500 For Beginners (FULL TUTORIAL)
Просмотров 68010 месяцев назад
How To Invest In The S&P500 For Beginners (FULL TUTORIAL)
How Much Youtube Paid Me In My First Month Monetized | Real Analytics & Numbers!
Просмотров 32010 месяцев назад
How Much RUclips Paid Me In My First Month Monetized | Real Analytics & Numbers!
The TRUE Pros & Cons of High Yield Savings Accounts (No BS)
Просмотров 13 тыс.11 месяцев назад
The TRUE Pros & Cons of High Yield Savings Accounts (No BS)
Best High Yield Savings Accounts To Open NOW January 2024 (Updated APY)
Просмотров 2,4 тыс.11 месяцев назад
Best High Yield Savings Accounts To Open NOW January 2024 (Updated APY)
How To Withdraw Money From Tiktok Creativity Program Beta 2024 (Quick Tutorial)
Просмотров 37 тыс.11 месяцев назад
How To Withdraw Money From Tiktok Creativity Program Beta 2024 (Quick Tutorial)
Best High Yield Savings Accounts To Open NOW December 2023 (Updated APY)
Просмотров 4,4 тыс.Год назад
Best High Yield Savings Accounts To Open NOW December 2023 (Updated APY)
NEW IRS $600 Tax Rule For Paypal, Cash App & Venmo (All You Need To Know)
Просмотров 1,8 тыс.Год назад
NEW IRS $600 Tax Rule For Paypal, Cash App & Venmo (All You Need To Know)
What Investing $5 EVERYDAY Into The Stock Market Looks Like After 3 Months (Here Is How Much I Made)
Просмотров 2,4 тыс.Год назад
What Investing $5 EVERYDAY Into The Stock Market Looks Like After 3 Months (Here Is How Much I Made)
Best High Yield Savings Accounts To Open NOW November 2023 (Updated APY)
Просмотров 9 тыс.Год назад
Best High Yield Savings Accounts To Open NOW November 2023 (Updated APY)
Wells Fargo $300 Checking BONUS - All You Need To Know (How To Open Step-By-Step)
Просмотров 8 тыс.Год назад
Wells Fargo $300 Checking BONUS - All You Need To Know (How To Open Step-By-Step)

Комментарии

  • @carlomedina5310
    @carlomedina5310 День назад

    You dnt xplain nothing like most teacher in USA just parrots

  • @paflyer1370
    @paflyer1370 День назад

    I have no idea what I’m doing, but I definitely want to know more and educate myself on how to invest

    • @MasterpieceFinance
      @MasterpieceFinance День назад

      Love it! Take it step by step when you’re first starting out - check out some of my other videos where i go over some popular index funds/ETFs as well! Thanks for watching :)

  • @Razorskate
    @Razorskate 2 дня назад

    The link is broken

  • @BidobaGonduba
    @BidobaGonduba 3 дня назад

    Robinhood sucks. It takes money out of your bank immediately but takes 5 business days for the money to be available to purchase a stock and you wait and wait while stocks go up.

    • @MasterpieceFinance
      @MasterpieceFinance 2 дня назад

      Robinhood has instant buying power! I would look into that - you can use money to invest immediately!

    • @MasterpieceFinance
      @MasterpieceFinance 2 дня назад

      Appreciate you stopping by!

    • @BidobaGonduba
      @BidobaGonduba День назад

      @@MasterpieceFinance they only gave me a tiny portion for instant buying.

    • @BidobaGonduba
      @BidobaGonduba День назад

      Webull is way better.

  • @kvnd6577
    @kvnd6577 4 дня назад

    A decade and ur account has no money

  • @peanutnjessy7864
    @peanutnjessy7864 4 дня назад

    HYSA is for emergency fund and any purchases I intend to make in the next 12 months. Voo and my 401k are for saving beyond that

  • @staywinningpod
    @staywinningpod 4 дня назад

    Good video.

  • @gregmorales3272
    @gregmorales3272 5 дней назад

    Why can't I use my money in the earning interest line?

  • @maxjoey197
    @maxjoey197 6 дней назад

    A decade what you was a baby when you was investing, you don’t even look that young. You can’t tell me that investing for 23 years, just say the truth.

    • @MasterpieceFinance
      @MasterpieceFinance 4 дня назад

      Hahhaa i wish i was that young! Im older than i look forsure :)

  • @WasThatWong
    @WasThatWong 6 дней назад

    What’s with the clothing rack?

  • @vimal-l4q
    @vimal-l4q 9 дней назад

    Plz help my account withdraw problem

  • @dudeman3067
    @dudeman3067 9 дней назад

    Can I claim the stock if I made an account before using your link? I made the account the same day as I am watching this.

    • @MasterpieceFinance
      @MasterpieceFinance 9 дней назад

      Unfortunately i dont think so - you would’ve had to use my specific link to get the free stock 😭

    • @dudeman3067
      @dudeman3067 8 дней назад

      @ all good, thanks for responding so quick.

    • @MasterpieceFinance
      @MasterpieceFinance 4 дня назад

      You got it! Thank you for watching :)

  • @OraliaSala-g5h
    @OraliaSala-g5h 9 дней назад

    how can i withdraw my 89 USDT TRC20 from wallet to binance please help me 12 wallet recovery phrase: pride pole obtain together second when future mask review nature potato bulb

  • @JosephGodwill9h
    @JosephGodwill9h 10 дней назад

    Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

    • @JamesOliverr7s
      @JamesOliverr7s 10 дней назад

      The deeper your investment roots, the stronger your financial security will be in the future.

    • @SebastianNoah5e
      @SebastianNoah5e 10 дней назад

      Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

    • @DanielNoahD3w
      @DanielNoahD3w 10 дней назад

      I would love an introduction to an adviser who can help me strengthen my financial roots.

    • @SebastianNoah5e
      @SebastianNoah5e 10 дней назад

      My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

    • @DanielNoahD3w
      @DanielNoahD3w 10 дней назад

      Thank you for this amazing tip. I just looked the name up and wrote her.

  • @jamesrossmusic6013
    @jamesrossmusic6013 12 дней назад

    I've just invested in them... Thanks!!!

  • @nguyena1515
    @nguyena1515 13 дней назад

    Pro is Easy to withdraw funds but a con is it is complicated withdrawals? im a little confused

  • @roeazy
    @roeazy 15 дней назад

    If you have money in a roth. Is it better to wait for the market to dip for your first investment like crypto since the market is bullish right now and the stocks of amazon etc are high rn?

    • @MasterpieceFinance
      @MasterpieceFinance 15 дней назад

      Great question! I can’t tell you what to do with your money but IMO time in the market is always better than trying to time the market! As long as you’re investing for the long term. Hope this helps!

  • @k_dash99
    @k_dash99 16 дней назад

    THIS IS THE VIDEO THAT I WAS LOOKING FOR! short and straight to the point. Thank you SO MUCH!

    • @MasterpieceFinance
      @MasterpieceFinance 15 дней назад

      You got it!! Glad this video was helpful :) thanks so much for watching!!

  • @heysander
    @heysander 16 дней назад

    Dude read rich dad poor dad...

  • @mikeshah8884
    @mikeshah8884 17 дней назад

    TikTok payment is not easy and I stop business with TikTok

  • @leem6011
    @leem6011 17 дней назад

    What about taxable vs non taxable accounts with respect to fxaix vs VOO

  • @RenanJakson-c4c
    @RenanJakson-c4c 17 дней назад

    Robehood golpe eles rouba seu dinheiro sempre antes d vc saca o seu dinheiro eles alega que vc não sabe nada eles são harck bloqueia sua conta coloca em vermelho pra te engana sempre em auta ele te rouba eles me roubo mais de 2milhao de dólares eles rouba com vc vende se tem 100mil vc vendo com seus olhos seu dinheiro vai sumir no seus olhos eles são ladrão safado e quem soube onde 1 só deles mora eu pago pra me da o endereço eu vó matar ate o último da famílias deles desgraçados

  • @AliShadada843
    @AliShadada843 17 дней назад

    How do you get enough buying power on the app? I'm new and confused

    • @MasterpieceFinance
      @MasterpieceFinance 17 дней назад

      Great question! All you have to do is deposit money from your bank and that turns into buying power :) hope this helps and thank you for watching!

    • @AliShadada843
      @AliShadada843 17 дней назад

      @ Okay, Thank you so much dude❤️

    • @MasterpieceFinance
      @MasterpieceFinance 17 дней назад

      @MalikBaggz you got it!

  • @DeontayStepney
    @DeontayStepney 18 дней назад

    FXAIX pay dividends?

  • @PSY-vj8sh
    @PSY-vj8sh 20 дней назад

    great video man - super practical tips

  • @mine1685
    @mine1685 21 день назад

    This is certainly not for beginners! I didn't learn a thing!!

  • @ArkKingdom-o2t
    @ArkKingdom-o2t 21 день назад

    Thank you for these tips man

    • @MasterpieceFinance
      @MasterpieceFinance 21 день назад

      No problem! Glad they were helpful :) thanks for watching!

  • @woojoobefore30
    @woojoobefore30 21 день назад

    great video as always man. Thank you for these tips

    • @MasterpieceFinance
      @MasterpieceFinance 21 день назад

      No problem - glad you found value! Thanks for watching

  • @daveschmarder-1950
    @daveschmarder-1950 21 день назад

    Happy Thanksgiving Paul.

  • @DinnerIsReady-mm6di
    @DinnerIsReady-mm6di 21 день назад

    Great overview man! Super underrated channel - keep it up

  • @danceboy1
    @danceboy1 21 день назад

    I have all of these habits LOL. Time to lock in....

  • @MasterpieceFinance
    @MasterpieceFinance 21 день назад

    Do you have any of these middle class habits? What do you think of them? Let me know in the comments below! Free Stuff: 👉 Get a FREE STOCK on Robinhood worth up to $200, when you use my link to sign up & link a bank account: bit.ly/43sBxaS 👉 Get $75 FREE For Signing Up & Funding Your Account on M1 Finance HERE: m1.finance/8CFlAc5Ix6yr

  • @qwencyvalentino5567
    @qwencyvalentino5567 21 день назад

    Just got approved 10k thanks

  • @reem2sturdy918
    @reem2sturdy918 22 дня назад

    Thank you one question these ETFs I do I get them or find them on the Apple Store app ? Or Robin Hood ?

    • @MasterpieceFinance
      @MasterpieceFinance 21 день назад

      Great question! You can buy All these ETFS on brokerages such as robinhood, fidelity, etc. hope this helps!

    • @reem2sturdy918
      @reem2sturdy918 18 дней назад

      @@MasterpieceFinance thank you coming and yes so basically Robin Hood is the main key ? To it all right ? Also thank you so much for the info i definitely subscribe 💯💯

  • @varietyguygaming
    @varietyguygaming 25 дней назад

    so could I buy 250 into my FXAIX and invest the rest of my Roth IRA into individual stocks to diversify... let's say PLTR?

    • @MasterpieceFinance
      @MasterpieceFinance 25 дней назад

      Great question! Allocation is totally up to you, but it is recommended to have an index fund like FXAIX as your foundation in your portfolio. Some people only buy FXAIX because it’s already diversified in 500 of the best US companies. Hope this helps and thank you for watching!

  • @marinrodriguez7729
    @marinrodriguez7729 25 дней назад

    If im not mistaken the Venture X does not allow for unlimited guests into the lounges. As a cardholder you are allowed to bring up to two guests with u for free into the various lounges. Any of your authorized users have the same access and can each bring up to 2 free guests into the lounges. The unlimited part comes in that u have unlimited access to the lounges while u r a Venture X/Priority Pass holder. Go every day if you want, as long as u have a boarding pass for a flight that day🤩 One thing I have discovered for hitting minimum spend is property tax! Every property owner has to pay them and you can use a credit card for a fee (varies depending on where u live). If you have a family member or friend that is paying their property taxes, u can offer to put it in your card and have them pay u. You should def offer to pay the fee...your "cost" for asking the favor. I recently did this and the fee was $100...but the result was hitting my minimum spend and getting the 75k miles AND the double miles that came with the spend! Thanks for the content. It was a good rundown of some of the more valuable benefits

  • @ryanlauthers9786
    @ryanlauthers9786 26 дней назад

    You still gain savings even if you pay taxes. Better than regular savings account. Don’t let taxes scare you

  • @victork3397
    @victork3397 27 дней назад

    You forgot to mention that the cons of investing in the stock market is HIGH risk, you can lose all of your money overnight if the stock market crashes.

    • @MasterpieceFinance
      @MasterpieceFinance 27 дней назад

      If the stock market EVER crashes to $0, the stock market is the LAST thing you need to be worried about. Thanks for your input though!

  • @WattsJon12
    @WattsJon12 29 дней назад

    Take a shot every time he says “FXAIX”.

    • @MasterpieceFinance
      @MasterpieceFinance 29 дней назад

      😂😂😂

    • @WattsJon12
      @WattsJon12 29 дней назад

      @ just giving you a hard time man. Keep up the good work 💪🏻😂

    • @MasterpieceFinance
      @MasterpieceFinance 29 дней назад

      @WattsJon12 hahahhaa i know- i appreciate you!

  • @jasonyoungblood9359
    @jasonyoungblood9359 Месяц назад

    Fshehsk hajiotth baskjfnj bsjkekdj, and done!

  • @LukeHarrison-i8q
    @LukeHarrison-i8q Месяц назад

    Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 17k in last month 2024.

    • @MagaliGoncalves-q5t
      @MagaliGoncalves-q5t Месяц назад

      Wow that's huge, how do you make that much monthly?

    • @LukeHarrison-i8q
      @LukeHarrison-i8q Месяц назад

      Honestly speaking, I will continue to trade and stick to Charles Tyson daily analysis and guides as long as it works well for me..

    • @JasonMomoa-o4e7
      @JasonMomoa-o4e7 Месяц назад

      Though i started with $15,000 CAD because it actually my first time, it was huge success and massive all i can say is that her confident in day trading is top notch.

    • @WilliamsMorrison-w6e
      @WilliamsMorrison-w6e Месяц назад

      I'm overwhelmed coming across you guys testifying about this wonderful lady

    • @LukeHarrison-i8q
      @LukeHarrison-i8q Месяц назад

      What impresses me most about Charles is how well he explains basic concept of winning before actually letting you use his trade analysis. This goes a long way to ensure winning trades.

  • @TIMTHEOFFICIAL1
    @TIMTHEOFFICIAL1 Месяц назад

    Great Video

    • @MasterpieceFinance
      @MasterpieceFinance Месяц назад

      Appreciate that boss! Glad this video was helpful 🙏

  • @beasttexasgaming5126
    @beasttexasgaming5126 Месяц назад

    Is it bad to put a high dollar amount into it, like 3000? or should I do small amounts ?

    • @MasterpieceFinance
      @MasterpieceFinance Месяц назад

      Investing a lump sum (large amount at once) or dollar cost averaging (small amounts) are both great ways to approach investing! In the long term, it won’t really matter too much :) feel free to choose what best suits your investing strategy. Hope this helps!

    • @beasttexasgaming5126
      @beasttexasgaming5126 Месяц назад

      @@MasterpieceFinance Great thank you!! SUBSCRIBED!!!

    • @MasterpieceFinance
      @MasterpieceFinance Месяц назад

      Thank you so much & welcome!!

  • @lexp1997
    @lexp1997 Месяц назад

    In this video bitcoin was at 27k, btc is currently at 86k.

  • @danceboy1
    @danceboy1 Месяц назад

    Nice! I use webull

  • @BeckatZone
    @BeckatZone Месяц назад

    Where do you enter the promo code

  • @glorious_conqueror2021
    @glorious_conqueror2021 Месяц назад

    Over a decade 😊. You seem like you’re barely in your twenties ❤

  • @Borderlands808
    @Borderlands808 Месяц назад

    one of the things you must have for trading is having PATIENCE. Also, try and focus only on 1-4 stocks or 1-2. Do your research and study. A lot of people who trade successfully have been doing so for YEARS. It will NOT happen over night. For most, it will take months or longer to learn and get good at trading. Remember, Patience is the key!

  • @luciachjd2772
    @luciachjd2772 Месяц назад

    I’m very proud of you I’m guessing you’re 24? I’m 41 living in Thailand, from San Francisco, 🇺🇸. I took me a long time to figure out FXAIX was the best, but it seems like you discovered that at a great age. Have you seen the root of good blog? Every month he says, how much his net worth went up or down, his income and expenses & he sells consulting for financial. Maybe you could do that every month also. He has like over $3 million now. I know some people are very shy, but nobody seems to have kidnapped him yet, The reason I mention this is if you start at age 20-25 & documented your money every month until you reached you know 40 or older, it would really really really help people, i’m already 41 it’s way too late for me to do this, but you have the opportunity of being young and once you reach $1 million, you could share that joy with all of your subscribers, you could even run some games like what is the exact date I will reach 300 K 500 K 1M & when you get close to these goals, for example 1million, some people might be inclined to help you a little bit. Please give it a lot of thought to document your wealth every month until you hit at least 40 or $1 million. Another thing that would be really cool, is to travel the country and go to high schools or even elementary schools & talk about saving and investing to kids. At some point if you reached $1 million, it would really help you get those commitments. Also, if you were able to partner with a brokerage or financial firm, maybe they could sponsor you, you could even write a book. I would love to do what you doI’m just too old. Another thing that would really be cool is interviewing people & trying to convince people to go to FXAIX. It’s super super hard to convince people, but it can be done & usually they will. Thank you. I actually had some pretty long discussions with a random British guy I met in Thailand, we are friends now & he invests a lot in the S&P 500 & maybe his wealth grew 46%, I should ask him for some money! 😂 I really hope you continue to post on RUclips & i’m looking forward to watching you grow and hopefully your money will grow a lot as well! I like your background, it’s very authentic.

  • @luciachjd2772
    @luciachjd2772 Месяц назад

    Part4 If I could go back in time and convince myself at age 13, when I got a lot of money for my birthday, to start putting as much as I could into the S&P 500, I probably could’ve retired in my 30s or at least by age 40, with quite a bit of money. The big problem is that most people under 30 don’t know a lot about investing & don’t do it, barely a few even save & if they do, it’s probably for a house. The top reasons to not invest: A. I don’t know enough about it, I need to do more research (& they never do). B. It’s too risky (Yes, there is some risk involved, like when the market crashed in 2008, but it quickly fully recovered & went up four -5 times, even when it was flat in 2000 for about four years, it eventually went up. It’s for a long time (5-20+ years) not less than a year, it’s not a quick get rich quick scheme like a scammer on RUclips, it’s about building wealth for your life to possibly retire early (30’s - 40’s) if that’s what you want. C. I don’t have enough money (The people who say this, do have money to buy a bunch of stuff, a week later, you will certainly see them buying some flat screen TV for $3000 or something, what they really mean is I have enough money but I don’t want to invest it for my future, I want to buy consumer items now, I want immediate satisfaction, instead of growing my money slowly over time). D. I’ll put $20 in (These people think Its a fun game, like a casino, and they might watch the $20 grow slowly over the years, but will unlikely come to the resolution that it is the best way to grow their wealth over time, which it actually is, but there’s no way to see $20 slowly grow and know that it is actually the best. E. I’m scared of losing everything (it is true that the market has gone down, but it always went back up and up a whole lot, some people are absolutely so terrified. They will just keep the money in the bank & actually lose money because of inflation & reduced purchasing power. They may or may not understand inflation that they are losing money, but fear often leads people to poor choices, too bad for them. F. I want something safer like bonds (A lot of people are conservative, especially when they are in their 60s and above, they don’t want to lose anything at all, they need money to live on, so if the market was down for 1 to 4 years, and they had to sell their S&P 500 for living expenses, they would lose money so instead of taking any risk, they go to the conservative route, where the money grows a whole lot less, but at least it won’t go down much. I understand this thought process, but most of the time they will leave a whole lot of money on the table & it’s better to have more risk, more reward, in my opinion, The other thing that wasn’t addressed, is that by the time you reach 60+, if you had enough money to live on, you wouldn’t need to be conservative. It implied that they barely saved or invested before age 60, so they don’t have a lot of money, which is true, but very sad. One of my biggest fears has always been those grandpas at age 70 bagging groceries, they can barely stand or a lift a can, & everyone feels sorry for them, but they have to work because they have no money. They probably never saved or invested or if they did, they either got scammed, gave it all away because they are an angel (a poor angel) or just had really, really really bad luck, not to judge, but they probably just never saved or invested & this is one of my biggest fears, being old and poor. G. I don’t care/I want to live in the now (some people really don’t give a shit about their future, or at least their financial future, maybe they don’t think they will live that long, or maybe they think someone else will take care of them, I actually have no idea what goes through their mind because I have always thought and cared about my future, especially my financial future, which is why I started investing in my 20s, mainly because my Uncle told me to! I owe everything to my Uncle. The fact that he kept telling me to invest & I finally did, and he stuck with me through my stupid mistakes, like buying a triple action fund and losing a lot of money, he told me most people can’t learn without making a few mistakes, but it’s really good to make the mistakes early when you’re young, so you can get back on track & invest for 20 or more years, if you make a big mistake when you’re 40 or 50, it will be very hard to get back on track & it will be much much worse. A lot of people have a friend or family member that keeps telling them about these individual stocks, crypto or some other crazy business or idea. They are so passionate and it sounds like a great idea. They decide to sell their FXAIX & make a ton of money, then they lose a lot of money & if they are smart, like me, they go back to FXAIX with their tail between their legs & never do it again. Never. Because they understand this is the best in the world, The best way to build wealth for A normal person. It’s simple but not easy. Sometimes I tell people it’s the opposite of credit card debt. Albert Einstein said compound interest is the best invention ever created. Someday I hope to have A lot of money so I can have an amazing life, if that happens, it will be because of investing, not because I made 300 K at google. The book the millionaire next door tax about how random people like a mail carrier or a teacher can become a millionaire just by saving and investing. On the other hand, hotshot doctors or lawyers with huge incomes, can actually be in debt because they spend more than they earn. It’s the turtle and the hare story, slow and steady wins the race. Sometimes these millionaires say that they wish they didn’t sacrifice so much in their 20s and 30s, maybe even fourties. People are always telling me I need to spend money and buy things, buy experiences to have fun and enjoy life, but I always found joy in free things, like just going for a three hour walk, talking to random people in public (sometimes) hanging out with friends or family, avoiding expensive things, if you queencan truly find joy in free and cheap things & avoid expensive stuff in your 20s and 30s, save and invest in FXAIX, reinvest your dividends, don’t ever withdraw it, if you can really do this, it’s so easy to be a millionaire in your 50s & then you could move to some cheaper country, spend 3 to 4% annually, 30,000 or more/ year & for the rest of your life, you would live like a king/queen & could even support a partner who might not have to work & then you could leave it all to them. When I see people doing this, which is super rare, it makes me so happy. Unfortunately, they never teach saving and investing & delayed gratification. Most people spend spend spend, get into credit card debt, mess up their finances early or maybe have student loans & are lucky if they can even start investing in their 30s. It’s such a sad state of affairs, but it benefits large companies. They even have companies that will break up small payments like $100 into four payments so they can make a few dollars of interest off of people Who need some thing right away, I never got into death in my whole life. I never bought anything I couldn’t afford. Actually, I never really wanted things and items, crows 🐦‍⬛ collect shiny things, on my birthday I always told people actually I don’t want anything. But most people are so into consumer items and things, buying stuff every day, always needing a new phone, going shopping for fun, buying luxury items, etc. chasing happiness in things or trying to maintain that lifestyle to keep up with the Joneses. Money can’t buy happiness. If I could just teach children about saving and investing like the catcher in the rye, and hold their hand so they don’t make big financial mistakes like I did, we would have all of these millionaires in their 40s and 50s & they would have such an amazing life. I’m so happy that you made this video, you could mention that you aren’t earning any money or commission fromng this & tell us the reason for offering this free advice. My friend told me 90% of people offering financial advice on RUclips are just trying to make a buck, & they don’t care about you at all. Personally, if I was to upload a financial video, it would be just to help people and not make any money & if less than 5% of people actually did it and made money it would just make me happy. I have convinced people to invest, sometimes they stick with it sometimes they stop, but I’m sure I helped them a little bit & The secret of living is giving. Besides having health & love/family friends, having money is the best thing you can have in life because even if you are all alone (which can be sad) at least you can have the freedom to have a nice house/room, eat fancy food, travel, pay for companionship, have a great health care, pay a nurse to take care of you & so much more. It’s so better than being poor and alone!