Things to do after completing baby steps 1.( after saving 1000) 1. Invest money in your education 2. Upgrade your goals and think bigger 3. Level up your investment game 4. Use money to buy back your time 5. Upgrade your cashflow At last not forgetting adding sinking fund account. Hope this may be helpful. Thank you
I worked until 72 to get the maximum s.s. and puchased a house in Austin in 2018, lease out. Moved to Austin in 2022 and retired in 2023. Living comfortably now.
Praise God, we have been done with all the baby steps for some time now, and we’re both just 55 years old. We have a whole year’s paycheck saved for emergencies, our son’s about to graduate from college in business management debt free, we’re investing 17% into our 401K, and now we’re just sitting back watching our million dollars grow by investing smart!!! Yay!!!!!!!!!!!!!!
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
Thank you Rachel for your continued inspiration. I love sinking funds. Money games are fun for me. Debt feels miserable but if I have an achievable goal along the way then paying off a debt or having a saving goal can really happen😊 even if it’s only 5 dollars a month.
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
Same, I just use RUclips for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. See if she meets your criteria.
All debt is paid off except ($16,000 - all under 4.3%) student loans. We currently have both a $1,000 emergency fund and 6 mo living expenses. My spouse and I are recent graduates and hoping to purchase our first home in the next few years. We are unsure whether to knock out our student loans before purchasing (which would likely decrease both of our 780 credit scores as our student loans are our oldest debts by far), OR put everything towards a downpayment to get as low of a mortgage as possible, then once in a home knock out student loans leaving us with no debt outside of mortgage. Both cars paid off zero credit card or personal debts. No children and no plans in the foreseeable future.
I started years ago after paying off my car, I started putting that car payment into a savings account. Now I only pay cash for my cars! I buy a 2 year old car in good condition and keep it till it’s about 10 yo. If I need money for a car repair, I use my car 💵 in the savings acct. Simple, easy breezy!
But once you pay off all your "debts," like your car and house, you still make monthly payments, though. Like car insurance, a phone plan, cable TV or streaming, and Amazon Prime. So I understand the "musts" should be paid off to free up and have more money, but you're almost always going to be paying for something monthly.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Christen wilburn was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from christen wilburn.
Christen approaches trading in a completely unique way. I'm puzzled by her methods. She just seems to have an innate understanding of this trading world.
So where's the best high yield savings account that makes sinking funds fun? I'm still trying to make the transition in my brain from the balance line in my register to the every dollar budgeting tool. I personally would prefer something where each category/bucket has its own name, without having to open a separate account for each thing.
I'm really interested in investing my money, but I've been having some issues lately. I started working at 18, strived and grew my portfolio to $600k by 33. I recently, lost over 30% and decided to mitigate the risks cause I'm planning on buying a home soon and want my portfolio to grow to a 7-figure ball park so I can retire in 9 years. What should I do?
Adding JEPI and JEPQ is smart for retirement. When it comes to staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.
@@dannielleemarie I believe a healthy portfolio has 3 things, at the bare minimum: Its Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks and Exposure to market-leading tech. These are really important for a good investment portfolio
@@jtcouch45t Generally, I think a good number of people discredit the effectiveness of a certified fiduciary in planning for retirement, For the past 10years, I’ve had a CFA consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains. It might not be a lot but then retirement doesn’t seem so farfetched anymore.
@@wellsHannahh Your CFA must be really good. Please how can I get in touch? My retirement portfolio's decline is a concern, and I could really use some guidance.
@@MrGravity304 There are a handful of experts in the field and I've experimented with a few over the past years, but I've stuck with ‘’Amber Kay wright” for about five years now, and her performance has been consistently impressive. She’s well known in her field, look her up.
Repetition, for me at least, is nice to hear when building a habit! It may be the same information but hearing it over and over again keeps me motivated and inspired to keep going!
Paying for your childs edu ation no its their responsibilty they can work live at home and go to a community college chances of them using that degree slim and none if they work to get that degree tbey will use it 😊pay your house off first bank every dime and definitely no subscriptions never had one yet live simply to achieve wealth
It's probably just the camera angle, or how she's facing the camera that makes it look that way. Most people don't look directly into the camera, and that can make things look disproportionate.
![GEEK TIMË [OFFICIAL AUDIO]](http://i.ytimg.com/vi/ry-6RvkH880/mqdefault.jpg)
Things to do after completing baby steps 1.( after saving 1000)
1. Invest money in your education
2. Upgrade your goals and think bigger
3. Level up your investment game
4. Use money to buy back your time
5. Upgrade your cashflow
At last not forgetting adding sinking fund account. Hope this may be helpful. Thank you
Yes, invest in yourself and read books, but keep in mind that you can get those books for free through your local library!
I worked until 72 to get the maximum s.s. and puchased a house in Austin in 2018, lease out. Moved to Austin in 2022 and retired in 2023. Living comfortably now.
Rachel is great at interving people, i would love to see her interview more people in all walks of life about their money experiences, wisdom, advice.
Praise God, we have been done with all the baby steps for some time now, and we’re both just 55 years old. We have a whole year’s paycheck saved for emergencies, our son’s about to graduate from college in business management debt free, we’re investing 17% into our 401K, and now we’re just sitting back watching our million dollars grow by investing smart!!! Yay!!!!!!!!!!!!!!
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me.
Thank you Rachel for your continued inspiration. I love sinking funds. Money games are fun for me. Debt feels miserable but if I have an achievable goal along the way then paying off a debt or having a saving goal can really happen😊 even if it’s only 5 dollars a month.
We are on baby step one
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter.
My advise; Don’t come to RUclips looking for RUclips advise, instead contact a fiduciary for proper guidance.
Same, I just use RUclips for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. See if she meets your criteria.
Please also do a video on how to save for utilities, home insurance, etc…..
Omg... love her energy
I'm working on paying off my Mortgage. I'm using my Pension money 565 and applying to principle. Only owe 50k
One thing you forgot to mention is that $1000 is a starting point.
All debt is paid off except ($16,000 - all under 4.3%) student loans. We currently have both a $1,000 emergency fund and 6 mo living expenses. My spouse and I are recent graduates and hoping to purchase our first home in the next few years. We are unsure whether to knock out our student loans before purchasing (which would likely decrease both of our 780 credit scores as our student loans are our oldest debts by far), OR put everything towards a downpayment to get as low of a mortgage as possible, then once in a home knock out student loans leaving us with no debt outside of mortgage. Both cars paid off zero credit card or personal debts. No children and no plans in the foreseeable future.
I started years ago after paying off my car, I started putting that car payment into a savings account. Now I only pay cash for my cars! I buy a 2 year old car in good condition and keep it till it’s about 10 yo. If I need money for a car repair, I use my car 💵 in the savings acct. Simple, easy breezy!
I'm from India with a salary of Rs 22000 per month right now. What should be my starter emergency amount (Step one)?
Alex hormozis book on $100m leads is a good book for business, there are books on successful behaviour for business too imo.
But once you pay off all your "debts," like your car and house, you still make monthly payments, though. Like car insurance, a phone plan, cable TV or streaming, and Amazon Prime. So I understand the "musts" should be paid off to free up and have more money, but you're almost always going to be paying for something monthly.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Christen wilburn was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from christen wilburn.
Christen approaches trading in a completely unique way. I'm puzzled by her methods. She just seems to have an innate understanding of this trading world.
I will leave her info below this comment
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
@Wilburn177c
So where's the best high yield savings account that makes sinking funds fun? I'm still trying to make the transition in my brain from the balance line in my register to the every dollar budgeting tool. I personally would prefer something where each category/bucket has its own name, without having to open a separate account for each thing.
HOPE RACHEL KEEPS her MIDWEST based videos
After saving a thousand bucks, add another zero to it.
I think George did a collab with the guy
1. Spend it
Joking dont ban me plz
Hahaha the world is not so grim yet my friend (atleast I hope not)
I was gonna say it’s probably Jaspreet cuz he likes to push the Business stuff.
Sounds like Gabe built
Great
Pay your ten bags of groceries 😅
Don't forget that next year you'll only need to save $960. 4 years ago you needed to save $1,200. Inflation is real
I'm really interested in investing my money, but I've been having some issues lately. I started working at 18, strived and grew my portfolio to $600k by 33. I recently, lost over 30% and decided to mitigate the risks cause I'm planning on buying a home soon and want my portfolio to grow to a 7-figure ball park so I can retire in 9 years. What should I do?
Adding JEPI and JEPQ is smart for retirement. When it comes to staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.
@@dannielleemarie I believe a healthy portfolio has 3 things, at the bare minimum: Its Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks and Exposure to market-leading tech. These are really important for a good investment portfolio
@@jtcouch45t Generally, I think a good number of people discredit the effectiveness of a certified fiduciary in planning for retirement, For the past 10years, I’ve had a CFA consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains. It might not be a lot but then retirement doesn’t seem so farfetched anymore.
@@wellsHannahh Your CFA must be really good. Please how can I get in touch? My retirement portfolio's decline is a concern, and I could really use some guidance.
@@MrGravity304 There are a handful of experts in the field and I've experimented with a few over the past years, but I've stuck with ‘’Amber Kay wright” for about five years now, and her performance has been consistently impressive. She’s well known in her field, look her up.
I'm favoured, $30k 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.
Can you share what you’re doing to have $30k/week please?
I like Rachel but her channel is getting pretty boring, regurgitating the same information in nearly every video
Repetition, for me at least, is nice to hear when building a habit! It may be the same information but hearing it over and over again keeps me motivated and inspired to keep going!
Rachel is doing great repetition is key to create a habit if she didn’t do this people will not listen and forget
Are you doing what she’s teaching. If so move on. If not listen and do
$1000 dollars isn’t savings… it’s groceries. Update these numbers
Paying for your childs edu ation no its their responsibilty they can work live at home and go to a community college chances of them using that degree slim and none if they work to get that degree tbey will use it 😊pay your house off first bank every dime and definitely no subscriptions never had one yet live simply to achieve wealth
Listening to this chick talk about personal finance is like listening to Bronny James talk about how to get an athletic scholarship. 🤦
I saved 1,000 dollars. Anyways, have y’all noticed how uneven Rachel’s nostrils are? OMG I’ll never look at her the same. Great vid Rach!!
What a hateful thing to say on her RUclips channel
It's probably just the camera angle, or how she's facing the camera that makes it look that way. Most people don't look directly into the camera, and that can make things look disproportionate.