How to Actually Build Wealth on a High Income
HTML-код
- Опубликовано: 4 окт 2024
- 💵 Start your free budget today. Download the EveryDollar app! ter.li/8ccbz9
Earning big but struggling to build wealth? It's all about smart financial planning! In this episode, I'm sharing essential money management tips for high earners and my #1 strategy for converting income into long-lasting wealth.
Next Steps
• 🎥 Watch my “5 Reasons Wealthy People Are Living Paycheck to Paycheck” video here: • 5 Reasons Wealthy Peop...
• 💰 Navigate your investments with expert guidance from SmartVestor Pro: ter.li/6fv1dm
*Ramsey Solutions is a paid, non-client promoter of SmartVestor Pro.
Offers From Today's Sponsors
• 🏥 Learn more about Christian Healthcare Ministries today! ⮕ hubs.la/Q01393280
Listen to More From Ramsey Network
🍸 Smart Money Happy Hour ⮕ ter.li/dorhqm
🎙️ The Ramsey Show ⮕ ter.li/255573
💸 The Ramsey Show Highlights ⮕ ter.li/hiyq7n
🧠 The Dr. John Delony Show ⮕ ter.li/htmm6g
💰 George Kamel ⮕ ter.li/d9vd8q
💼 The Ken Coleman Show - Highlights ⮕ ter.li/94hq0v
📈 EntreLeadership ⮕ ter.li/bz63zt
Ramsey Solutions Privacy Policy:
www.ramseysolu...
What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.
Markets have incorrectly priced in such a pivot six times over the last two years. This is why pointers from market experts are essential.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.
I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Elise Robinson’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Thank you for keeping it real with us. We're all getting hit over the head with these prices, the good thing is being in a position to pay these prices. I feel really bad for those who are not in the position to pay for their basic needs.
Exactly, things are getting worse these days, multiple streams of income is a backup
strategy of success
Investment has been the easiest means to save and multiply money because money left for saving always end up used without returns...
this is definitely considerable! think you could suggest any professional/advisors i can get on the contact with? i'm in dire need of proper portfolio allocation
There are several reputable coaches Available and one is highly recommended coach is Aliyah Jessica.
This summer is making me poor please I want
to join the moving train.
please how can I reach her???
When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance. I pray that anyone who reads this will be successful
You're right
That is why I had to start forex trading 2months ago and l now am making benefits from it.
speaking of forex trading I know I am blessed if not I wouldn't have met someone who is as spectacular as expert Eugene Murphy
The very first time i tried, i invested $2000 and after a week, i received $19000. That really helps me a lot to pay up bills
YES!!! That's exactly his name (Eugene Murphy) so many people have recommended highly about him and am just starting with him from Brisbane Australia
The smart vestor pro we saw was great !
Im planning on getting higher education but Im going to cash flow it.
I’m trying to convince myself to get a Roth. I already invest in my regular 401k in pre tax and post tax
Great information. Thanks for sharing. Everyone needs to take action and make intelligent decisions.
Also, get a trust, appropriate life and disability insurance. Focus on teaching your kids on hard work and responsibility. Keep good boundaries with people. Don’t tell everyone your business. A good gut check is if you are not giving and if you are incurring debt. Save for kids weddings and college if you can. Pay off home.
Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration. I feel for people with disabilities for not getting the help they deserve... Thank you Lillie Tamara.. imagine i invested $4,000 and received $6,550 in 4days.
I'm surprised you also trade with Lillie Tamara, she's the best at what she does. At first I was afraid too before I gave it a try and realized fear kills dreams more than
HOW DO I GET ON THIS?????🙏
SHE'S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME
ExpertTamara
That's her username
Yep, they pay for bs programs, war, $ laundering, illegals, etc.
Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!
Oh really? Tell me more! Always interested in hearing stories of successes.
This is what Ana Graciela Blackwelder does, she has changed my life.
After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.
I know Ana Graciela Blackwelder, and I have also had success...
Absolutely! I have heard stories of people who started with little or no knowledge but managed to emerge victorious thanks to Ana Graciela Blackwelder.
Nice video Rachel. I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I really need to find a legit trader
Love the trad wife preppy thumbnail for this!
Amazing video Rachel! Thanks for sharing and keeping us financially updated, I hit another $39k today day trading all thanks to my Guru
Wow that's huge, how do you make that much? I'm 37 and have been looking for ways
to be successful, please how??
Oh, yeah. That was possible with the help of my Guru Jenifer Spencer ❤
She's a licensed broker and successful entrepreneur from the state
That's great!!. I don't know anything about investing and I intend to start. What are your strategies?
The best strategy is starting with a professional coach, as a beginner who knows little or nothing in forex market
We paid for our 3 kid’s colleges so they wouldn’t have any student loan debt, huge burden off their shoulders. We also paid for our daughter’s modest wedding, told her not to go over the top.
such a leg up. my parents paid a lot and i'm very grateful but my husband had EVERYTHING paid for. His mom bought him a car. We're married and his assets are worth twice mine!
Student loan debt causes people to become numb to the effect of debt on their life. They don't even see it or feel it.
That’s why parents should save up and pay for their children’s college education, takes that burden off them
529 plan is the answer
$200000 student loan debt and wants to stay at home with her child? Really? I don’t feel bad for her at all!
Just keep buying vtsax
Next video: How to boil water if you are a professional chef
Great video, not sure about hair style
It's not rocket science ppl. Curtail your spending. Minimize debt. Max out your 401k and IRA. You either want to BE wealthy or LOOK wealthy. You can only pick ONE.
Next video: How build wealth by taking advantage of the poor and impoverished.... Hint it's Rentals!
Next video... How to get laid if you are rich and good looking....
"helping other believers" is wild. It seems very un-christian to want to help people because they believe in the same god as you. Or maybe that's on par with Christians
“How to build wealth on a high income”! What will the next video’s topic? “How to get laid if you’re Brad Pitt” or something?😂😂😂
There's a lot of high income people who are broke.....
@@tturner0051That’s because they’re idiots!
I have friends who make $130-180k a year that honestly live paycheck to paycheck because of their high consumption of life expenses and student loans. So your comment shows your ignorance in reality. Debt is a real problem, particularly student loan debt and credit cards, and car loans. Ppl who make high incomes typically have high student loans, and the reason for their debt problem. But imagine a nurse practitioner or lawyer who makes 140k a year and having to pay a $1700 a month student loan payment, 1300 car payment with insurance and gas for the month, then $1000 a month credit card payment. Thats 4k a month in expenses not including any household bills. Im telling u this story because this is the case and actual dollar amount for one of my friends. But this is how most high paying individuals are living. Im a truck driver at walmart. No degree, no debt, 127k income, live in a 800k home, and 37 as a networth millionaire. I literally live in the neighborhood of these type of individuals. So dont act as this isnt the norm and rachel videos is far fetched.
Next video: How not to drown in the bathtub if you're an Olympic swimmer
Next video: How to drink water if you are thirsty.
How about on low incomes? All the people on these shows, and Dave Ramsay shows all seem to earn above 100k!
What about people that earn 30k for once?
Here's some interesting numbers... on average...using the 4% rule. if you invest 25% of your income. You should be able to retire in around 25-30 years. 50% in about 20 years. 75% in about 15 years. The standard 15%. Should take about 30 years. The interesting take away I'd that while certainly you want to put in as much as you can. And adding $20 a month or whatever small amount isn't something to ignore. It's really large percentage changes in your investment strategy that adds value. So of you have a bad year and you contribute 20% instead of 25%. It's probably not hurting you as much as you think.
Now this just assumes equivalent money. So... you make 100k. You retire and take 100k out. If you need less. This will go faster. If you need more.. this will go shower. Basically think about how much you want to spend in retirement. Like say you want to spend 50k. Well if you want to retire in 20. You need to save around 50% of that 50k or 25k per year.
You can use this to approximate when you can retire or how much to save to retire in x years. Note that... it obviously doesn't account for market fluctuations. If year 19 of 20 is a really bad year... you might need years 21 & 22 to recover or more. Again.. it's approximate.
Ooo new hair, who this ?😩🤌🏽