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He had the discipline to grow his net worth and passive income to a point where he can buy what he wants and not worry about it. That takes discipline. It’s also probably a business write off which helps lol.
Congrats of 1 Million subs. I have been a subscriber since 2018. Great stuff over the years. I have taken some tips (Bitcoin in 2020) (NVDA 2022) and just random throw downs of $5-20k on index funds. My accounts and balances are in better shape because of you. If this hasn't been enough back side smooching, here it is, I have my son and my nieces watch your channel for their financial education. Thank you for keeping it real. Thank you for the research you do. Thank you for keeping it in a format where regular people can understand it...... 90% of the time I am listening in the car and driving so I do not see the graphs you put together. Thank you for how you explain your graphs so I don't need to see them to get the information. Cheers to 2025, your vacation, your family, and to your success.
Thanks Marko. Neglect of health is a wealth destroyer. At bare minimum you can't use your wealth to its fullness without health. Fun story, in business school, first class professor walked in and said "first business lesson is don't get divorced. Take the rest of the class off and let that sink in. Class dismissed."
We did Turks last year and did the same thing, stayed at the Banyan Inn instead of the high end resorts, loved it. #5 is the biggest issue in my opinion. Too many people buying new cars and toys that can't afford it. You don't have to live the Dave Ramsey life (all save, no play), but it should be a balance.
I can’t believe this is the end of year already and I have investment goals I haven’t achieved yet. I hear people talk about a bull run in the financial market and I just recently sold a home. Do you suggest I utilize a financial advisor on stocks to buy, or can I do it on my own?
its just like asking if you should self-medicate, of course it’s always better to consult a doctor, so yes it’s a good idea to seek financial advise if you think you need guidance
Congrats Marco! You have such a humble teaching gift. I love in the same principle of “don’t get divorced” you mention planning a sans kid trip. Dating your spouse (even a sundae at McDonald’s) is well worth the investment.
I recently lost my car due to a fire. I loved my car. Definitely shouldn't have bought it. But because of the current market I was able to make money off it from the insurance money. The value stayed basically the same because I had a rare model and they stopped making them a couple years ago. I took it as a blessing and bought a 2008 Honda Civic. Runs strong. Didn't have to do much to it. Pay 50 for insurance monthly. Gas is 25 to fill up the tank. I'm loving it! Just going to stack my money now and enjoy it.
Once you stop trying to keep up appearances lots of your financial stresses will disappear. You don’t need that big house with 2+ extra bedrooms, brand new car every 3 years, etc. If your “friends” look down on you for having a smaller house or older car here’s some breaking news: they’re not your friends. Divorce is huge as well. Marriage is sacred so marry the right person and respect the sanctity. Respect them and don’t cheat.
On Divorce - Very Simple, the easiest way to avoid it is by never getting married. The alimony laws in my state are horrible. Not only do you lose 1/2 of your assets; you will have to pay your ex-spouse for the rest of your life.
Good reminder on point 1. I’m a pretty seasoned long term investor but still find myself getting intrigued with the high flying stocks people post about on X…99% of these people will disappear during a bear market
When BTC hit 100k I really had to stop myself selling some of my stack to buy a nice watch. I have some Seikos and Citizens but hard to justify more; maybe a Tudor Pelagos. Assets > Liabilities since luxury watches are much more in servicing fees. The hedonic treadmill is real. Edit: would love to know your watch collection, Marko.
Hi Marko. Thanks for your contents. I'm a big fan of you and I suggest your channel whenever I meet someone experienced in finance or (especially) not. 😊 Why aren't you considering any other crypto? I think like Ethereum or solana that got partnered with many established and famous companies like Microsoft,visa/solana etc. Regards from Spain
I'm in the house poor category even though my housing cost is below what is recommended. Lots of hidden costs, repairs, maintenance, updates, etc. that will drain you of all your money every month.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I'm 39 years old, recently laid off, and in a new phase of my life. What are my best options for steady income given that I have 425K saved for retirement, 10K in an HSA, and a property that might bring in an additional 200K?
I'm not sure whether I should merge all of my investing accounts into one. If so, what should I know and how should I respond to this? In addition, I intend to sell my property, which might potentially fetch an additional $200,000. Is it better to put everything in one account or spread it out among several investments?
These are important questions for a financial planner. I met mine at a summit, and with her assistance, my wife and I reallocate our $1.7 million assets between a regular IRA and a brokerage account. She has been handling the investment with our agreement and has helped us recover twice as much as we lost. Currently holding steady and gently navigating the market.
Thanks white boy finance! 👍 I’ve been a follower of your channel for years. Question, just started growing our family. What’s the ideal way to setup our kids for success? Do you have a checking for your kids do you buy bonds in their name. Appreciate it!
Seiko's are cool to those who know! Also, I'd include gambling as a wealth killer. With the rise and ease of sports betting on phones, the dopamine hit is way too convenient now.
I've sent many of Marko's videos to my young adult children as advice on managing their financial futures. His last video made me wonder if he was starting to go a different direction with the channel. I was also glad to see today's very sensible video.
That’s probably not the best way to invest tbh. You should do your own research and come to a conclusion on the asset class. But yes, I think it’s a good idea depending on how long you hold.
Congrats on the A MILLI A MILLI A MILLI been watching since 2019 after graduating college and I am forever grateful all of your advice and never clickbait videos you have set me up for financial success. TY SIR!!!!!
6. Don't have kids out of wedlock. 7. Don't do drugs 8. Don't break the law (especially getting a felony) 9. Don't take out student loans for B.S. degrees. 10. At least graduate high school or get a GED Everyon thinks wealth building is some magic pill. It's often more about what you don't do that matters.
Not having a budget and or not automating your savings/ investments is a slow but deadly wealth killer. Your money will leave if you don’t automatically pay yourself.
Never invest emotionally or follow the crowd. Don't buy a big house Don't hang out with people going nowhere Murder is cheaper than divorce Avoid the social disease called Status. Thanks for the advice.
Long time subscribers here, Bitcoin is crypto. Ik BTC did amazing so far and now everyone wants to separate it from the rest of the pack but pls let’s be honest Marco, Bitcoin is a part of Crypto world, it has always been.
Loved your videos Marko💗, I am editing videos and thumbnails for the last 6 years and helped a lot of creators to get millions of views. I would love to work with you. Let's give it a try for your videos too.
The tips were a good reminder but found Jeff bezos example to be in poor taste His ex wife donates to charity whereas bezos won’t even give his employees benefits or bathroom breaks. We should stop looking up to scummy, unethical billionaires
Why do you consider Bitcoin non-crypto? It is the original crypto. Bitcoin is a fiat currency. It is not gold. If there is a depression (not likely) Bitcoin will completely lose value. Everyone wants gold. Bitcoin could easily lose 95-99% of it's value in a depression.
Get free life insurance quotes from America's top insurers and start saving today with Policygenius: policygenius.com/whiteboardfinance Thanks to Policygenius for sponsoring this video!
Damn can’t believe you’re pushing life insurance to your audience which is likely 18-25 lmao
It’s term life insurance. Most of my audience have families.
@@WhiteBoardFinance ah my mistake- I didn’t realize “having a family” was one of the metrics RUclips tracks.
#6 buying too much Patagonia
Hahah called out
😂
lifetime warranty bro
He had the discipline to grow his net worth and passive income to a point where he can buy what he wants and not worry about it. That takes discipline. It’s also probably a business write off which helps lol.
Divorce is a big one. I would say, at least 50 percent loss of personal wealth. I've been divorced twice and had to start from scratch twice.
God bless you homie. You're not wrong.
I learned my lesson after 1 divorce,... wouldn't ever consider getting married a second time.
I can't imagine how devastating this can be
Lost 50% in divorce so now in retirement, I still owe on my home. I have it better than most but still.
You are 💯 right. Cheaper to keep her!
Congrats of 1 Million subs. I have been a subscriber since 2018. Great stuff over the years. I have taken some tips (Bitcoin in 2020) (NVDA 2022) and just random throw downs of $5-20k on index funds. My accounts and balances are in better shape because of you. If this hasn't been enough back side smooching, here it is, I have my son and my nieces watch your channel for their financial education. Thank you for keeping it real. Thank you for the research you do. Thank you for keeping it in a format where regular people can understand it...... 90% of the time I am listening in the car and driving so I do not see the graphs you put together. Thank you for how you explain your graphs so I don't need to see them to get the information. Cheers to 2025, your vacation, your family, and to your success.
Thank you that means a lot to me!
Thanks Marko. Neglect of health is a wealth destroyer. At bare minimum you can't use your wealth to its fullness without health. Fun story, in business school, first class professor walked in and said "first business lesson is don't get divorced. Take the rest of the class off and let that sink in. Class dismissed."
That's a great point about "5 friends". It really is true that you evolve to be like your friend groups in different phases of your life.
We did Turks last year and did the same thing, stayed at the Banyan Inn instead of the high end resorts, loved it. #5 is the biggest issue in my opinion. Too many people buying new cars and toys that can't afford it. You don't have to live the Dave Ramsey life (all save, no play), but it should be a balance.
I can’t believe this is the end of year already and I have investment goals I haven’t achieved yet. I hear people talk about a bull run in the financial market and I just recently sold a home. Do you suggest I utilize a financial advisor on stocks to buy, or can I do it on my own?
its just like asking if you should self-medicate, of course it’s always better to consult a doctor, so yes it’s a good idea to seek financial advise if you think you need guidance
scam
Congrats on 1M subscribers!
Thanks!
Congrats Marco! You have such a humble teaching gift. I love in the same principle of “don’t get divorced” you mention planning a sans kid trip. Dating your spouse (even a sundae at McDonald’s) is well worth the investment.
Not overspending on a house is HUGE. People want to always live in the nicest house the "can afford". But this kills their ability to invest and grow.
Congrats on 1Million dude! Been following for a while, good to see you hit this milestone brother!
Appreciate it!
Dudes be driving around in 05 Corollas with 6.25 b t c 😂
Do appreciate the information and the reminder. Your net is the only thing that matters.
Marko you are the GOAT!
I'm surprised no one is raging about your prenup comment. Shows how mature your audience is. Nice to see, truly.
Prenups just mean you have issues committing. If I was a woman, if a man wanted a prenup it shows me they don't fear or follow God.
Great info as always! Thank you for sharing 😀
My pleasure!
love the Finance Bro look today.
I recently lost my car due to a fire. I loved my car. Definitely shouldn't have bought it. But because of the current market I was able to make money off it from the insurance money. The value stayed basically the same because I had a rare model and they stopped making them a couple years ago. I took it as a blessing and bought a 2008 Honda Civic. Runs strong. Didn't have to do much to it. Pay 50 for insurance monthly. Gas is 25 to fill up the tank. I'm loving it! Just going to stack my money now and enjoy it.
thank you whiteboy finance & congrats on 1 milly
Have a prosperous day
Great video Marko!
It’s a Seiko 😂 man of reliable taste
The tips you provided in this video are valuable , thank you so much!
After divorce tip I gave this guy a like!
Once you stop trying to keep up appearances lots of your financial stresses will disappear. You don’t need that big house with 2+ extra bedrooms, brand new car every 3 years, etc. If your “friends” look down on you for having a smaller house or older car here’s some breaking news: they’re not your friends.
Divorce is huge as well. Marriage is sacred so marry the right person and respect the sanctity. Respect them and don’t cheat.
These are good life tips in general, great stuff as always Marko.
Sharp looking sweater vest, sir! Terrific!
Thank you kindly!
Congrats on 1 Mill, Marko!
This is really amazing advice.
Yo Marko my man. White shirt, fluffy vest, you nailed it dude. Good tips too. Stay frosty.
Congrats on hitting 1 million subs!
Citizen eco drive all day. I wear it daily for 20 years and still have the original battery!
I enjoy housing and auto videos. Always informative!
Bro you hit 1 mil🎉🎉🎉🎉
On Divorce - Very Simple, the easiest way to avoid it is by never getting married. The alimony laws in my state are horrible. Not only do you lose 1/2 of your assets; you will have to pay your ex-spouse for the rest of your life.
Good reminder on point 1. I’m a pretty seasoned long term investor but still find myself getting intrigued with the high flying stocks people post about on X…99% of these people will disappear during a bear market
Please don’t accidentally bring an ammo casing with you on your vacation Hahhahaa
seikos are dope!
Go to West Caicos when you're there, beautiful coral
3:00 Being housepoor
5:30 Birds of a feather flock together
9:50 DIVORCE
11:50 Status symbols
When BTC hit 100k I really had to stop myself selling some of my stack to buy a nice watch. I have some Seikos and Citizens but hard to justify more; maybe a Tudor Pelagos.
Assets > Liabilities since luxury watches are much more in servicing fees. The hedonic treadmill is real.
Edit: would love to know your watch collection, Marko.
Hi Marko. Thanks for your contents. I'm a big fan of you and I suggest your channel whenever I meet someone experienced in finance or (especially) not. 😊
Why aren't you considering any other crypto? I think like Ethereum or solana that got partnered with many established and famous companies like Microsoft,visa/solana etc.
Regards from Spain
Live within your means? What a crazy concept!
I'm in the house poor category even though my housing cost is below what is recommended. Lots of hidden costs, repairs, maintenance, updates, etc. that will drain you of all your money every month.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I'm 39 years old, recently laid off, and in a new phase of my life. What are my best options for steady income given that I have 425K saved for retirement, 10K in an HSA, and a property that might bring in an additional 200K?
Consulting a financial advisor is a logical step at this point, but postponing retirement could be a wiser decision
I'm not sure whether I should merge all of my investing accounts into one. If so, what should I know and how should I respond to this? In addition, I intend to sell my property, which might potentially fetch an additional $200,000. Is it better to put everything in one account or spread it out among several investments?
These are important questions for a financial planner. I met mine at a summit, and with her assistance, my wife and I reallocate our $1.7 million assets between a regular IRA and a brokerage account. She has been handling the investment with our agreement and has helped us recover twice as much as we lost. Currently holding steady and gently navigating the market.
That’s impressive! My portfolio has been struggling. Who is your advisor?
*June Renae Matthysse*
You are likely to find more information if you look her up online
Thanks white boy finance! 👍 I’ve been a follower of your channel for years. Question, just started growing our family. What’s the ideal way to setup our kids for success? Do you have a checking for your kids do you buy bonds in their name. Appreciate it!
Cheers to 100,000,000 Satoshis hitting $100,000
🎉
Thx for the tips! 🎯 Does it make sense to buy a bitcoin ETF?
Seiko's are cool to those who know! Also, I'd include gambling as a wealth killer. With the rise and ease of sports betting on phones, the dopamine hit is way too convenient now.
💯
You cannot check the time on your Rolex unless you sit in your Lambo. 😁
Facts 🎆
Guys, shut up your hearts and get a PRENUP. It saved me from the "love of my life" greed.
Buying a boat! 😅
Hi Marko, are you coming over this afternoon to play video games? Pizza is on me 🎮🍕🎉
😂
Yes I have just heard a finance bro defending cars! ... kinda 🤣 Sold the R34 Skyline in peak of 2021 after 16 years of hodling
Wouldn’t be a finance channel without the Patagonia vest 😅😜
Should we be adding back our 401k to calculate our real "Net"?
I think so. I'm curious of Marko's opinion.
Finally a sensible video, I missed THAT Marko 👍
I've sent many of Marko's videos to my young adult children as advice on managing their financial futures. His last video made me wonder if he was starting to go a different direction with the channel. I was also glad to see today's very sensible video.
I’ve never posted a nonsensical video in 7 years 😂
Send all of my videos to your children. Your grandchildren will thank you
#6 - Not holding enough BTC
I had and have no idea about bitcoin and I bought because of you. Was it a good idea?
That’s probably not the best way to invest tbh. You should do your own research and come to a conclusion on the asset class. But yes, I think it’s a good idea depending on how long you hold.
Presage or Alpinist?
Congrats on the A MILLI A MILLI A MILLI been watching since 2019 after graduating college and I am forever grateful all of your advice and never clickbait videos you have set me up for financial success. TY SIR!!!!!
Seiko > Broflex
great video, Marko!
congrats on $100,000 Bitcoin.
next 10 months will be amazing!
6. Don't have kids out of wedlock.
7. Don't do drugs
8. Don't break the law (especially getting a felony)
9. Don't take out student loans for B.S. degrees.
10. At least graduate high school or get a GED
Everyon thinks wealth building is some magic pill. It's often more about what you don't do that matters.
Child support, new car payments, drugs &/ alcohol,
Not having a budget and or not automating your savings/ investments is a slow but deadly wealth killer. Your money will leave if you don’t automatically pay yourself.
🙏🔥
Just seeing if my Amazon addiction is here
Being house poor is the new flex, right? Big house, no savings. Priorities are wild these days!
Never invest emotionally or follow the crowd.
Don't buy a big house
Don't hang out with people going nowhere
Murder is cheaper than divorce
Avoid the social disease called Status.
Thanks for the advice.
something seems sus 🤔
Murder? Downvoted.
Did the 5 friend’s theory apply to the former Bruce Jenner
Keep it small PORSCHEion of your pie 😅
A house should never be more than 1/4 of your take home pay. I don’t care what the bank recommends, the bank will take your house anyways.
DO NOT GET MARRIED
Imagine having 5 people you hang around.
Never get married. These hos aint loyal
My guy didn't make a "How to fix this" for divorce because video would be too long 🤣🤣
😂😂😂
💯💯💯💯💯
whiteboy finance lol, cant get that comment outta my head
Average cost of divorce for a male with kids is everything you own
Not investing in Bitcoin should also be on the list. lol
Anyone here for wish my birthday
Long time subscribers here, Bitcoin is crypto. Ik BTC did amazing so far and now everyone wants to separate it from the rest of the pack but pls let’s be honest Marco, Bitcoin is a part of Crypto world, it has always been.
Great video. I am working on something myself to help everyone gain financial freedom. Let’s all connect
Loved your videos Marko💗, I am editing videos and thumbnails for the last 6 years and helped a lot of creators to get millions of views. I would love to work with you. Let's give it a try for your videos too.
69th like
The tips were a good reminder but found Jeff bezos example to be in poor taste
His ex wife donates to charity whereas bezos won’t even give his employees benefits or bathroom breaks.
We should stop looking up to scummy, unethical billionaires
Why do you consider Bitcoin non-crypto? It is the original crypto. Bitcoin is a fiat currency. It is not gold. If there is a depression (not likely) Bitcoin will completely lose value. Everyone wants gold. Bitcoin could easily lose 95-99% of it's value in a depression.
@@ib12541 I was replying to the same dude you were, @Answers721. I’ll edit my comment , not sure why it didn’t tag him.
@@TimeLessEntityT0 You clearly don’t know the definition of fiat currency. Peter Schiff, is that you?
Study more
Patagonia is a woke company. don't buy their stuff