My concern is whether I can continue to sustain my standard of living with $550k and avoid outliving my savings. Every withdrawal makes me a bit unsettled
@@ClemonSteve I'm approaching retirement and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from Etf's or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $2 million
@@ClemonSteve I usually avoid making specific recommendations because everyone's situation is unique. However, my experience with Julie Ann Lerch has been quite positive. You might find it worthwhile to see if her approach fits your needs
@@RonnieWine I looked for the name online and found her page.I will get in touch with her,Thanks for the help I emailed and made inquiries. Thanks for the help
To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Risk comes from not knowing what you are doing.
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
On your own you could seek out several of these financial advisors, make sure the one you settle on is a fiduciary and not a fake. Know what you're getting out of it and see if your targets can be met.
I love how she doesn’t get boxed by the content she makes and always switches up the format yet still manages to educate us on news things and new topics
These are extremely useful rules for anyone looking to grow rich. Unfortunately, the majority of individuals that see this video will be unable to implement the ideas. We may not like to acknowledge it, but as Warren Buffett famously stated, investing is like any other profession: it takes a certain amount of knowledge. It's no surprise that some people are losing a lot of money during the bear market, while others are profiting by hundreds of thousands. I'm just not sure how they do it. I now have around $570k to invest in the market.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
Agreed, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
'Grace Adams Cook' , 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 think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Let’s be honest too. Just by looking at Shelby, she’s a go getter and a hard worker. She’s the type to grab the bull by the horns, if you’re not that type, it doesn’t matter how many videos on YT about becoming a millionaire you watch, you’ll never get there.
I agree but let's say the obvious, her beauty has a lot to do with it as well. This is not a shot against her, but I have seen better content creators with no where near the beauty she has and they struggle. She's a great creator but to act like her beauty and sex appeal has not contributed to it would be dishonest at best. Point is the beautiful people have more of a head start for success than those without.
@@PatrickMastersProductions I’m 1000% gay so I don’t know how her looks influence my interest on the video, but either way, her content is interesting and that’s why I watch.
I think Shelby is more beautiful on the inside than the outside and that’s why I have been watching her for years. She’s smart and a fantastic creator! ❤
@@gregap8282 Understood and agree for the most part. I am just pointing out for those without the attractive looks, it is much harder to get viewers no matter how engaging and informative the content is. Having beauty certainly helps just as much as working hard and establishing good content creation habits. Again, it is not a shot at Shelby or her fans at all. People are naturally drawn to beauty and that helps a lot.
I like your list of habits. However, one thing about you, Shelby, which doesn't apply to everyone is that you have always had a supportive family. You had that as a cushion, especially when you started out as a teenager on YT. I would say that all very successful "high net worth" people have supportive family and/or friends they can count on. Connections. Many people out there who want to make money and be successful don't have that kind of support and may even come from very tough or abusive backgrounds. Or have experienced homelessness. It's super hard to dig oneself out of a bad situation or get anywhere in the world when you're alone and have no safety net.
Definitely true. I have had no one ever (family is a write-off), and it's been tough going for me. Still grinding, but I don't think it's going to happen for me.
Currently, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash right now.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
I agree with you! I've diversified my portfolio across various markets with the aid of a financial adviser, I have been able to generate a little bit above half a million dollars in net profit across high dividend yield stocks, ETF and bonds.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with *KAREN* *MARIE* *GENDRON* for about five years now, and her performance has been consistently impressive.
Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.
Great points. I’ve followed your journey over the years and love the good reminders. I’ve been fortunate to get my business off the ground with RUclips - the improvement I need is the monthly investing!
That's right, important and helps, but not the real reason. You have been at the right place at right time starting youtube. And think and feel the right way is the foundation of success
Shelby, this is your best video ever. You are 100% right on every point. I'm an entrepreneur and investor as well and I can definitely say that the times I've followed these tips are the times I've had the best results. All those people so focused on life-sapping ideas like "rights", "justice", "equality" and "generational wealth" should take a page (or 6) from your book. You have done it all with a huge smile on your face by 29. Anyone can if they cultivate the right habits. Bravo!
Thanks for being so down to earth and transparent about what you did! I like how you really aren't bragging about your wealth and genuine about sharing knowledge. Thank you!
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.
Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.
'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Shelby you are so brilliant and inspiring to the people our age. It’s so nice to see an influencer that is transparent and isn’t full of themselves. If you ever hosted a seminar or meet and greet my fiancé and I would definitely be there!! Please don’t ever quit RUclips (unless it’s the best lifestyle choice for you)
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you.... prevent inflation*
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
Among all the youtubers I've seen grow their wealth, you are definitely the one to deserve this 100%. Your videos are very informative and will continue to support you! 🎉
This by far is one of your best videos. Very valuable info on your best habits that are valuable to all. Love you content and your mindset. Super Thanks!
This is such a great video! Been following you for years now & tbh, I’m not surprised to see all you’ve accomplished! I can see all the work you put in on & off camera, all the different ventures & strategic moves you’ve made with investing, real estate, etc. Despite everything, I love how you’re still so driven to level up & accomplish more & keep things fun & interesting. Way to go Shelby! 🎉
Having a bias towards action. I love that phrase , well put. I had heard somewhere that a lot of us are net consumers ( watching tv,reading stuff online ,basically taking in or consuming stuff )and that what we should concentrate on is to become net producers. To make or produce rather than always consuming . Not sure where I heard that from but it’s helpful I think. Always love your content Shelby ,even if RUclips thinks it’s not quite up to whatever , lol. It’s always great IMO. Make Monica post more often! Hahahaha ! Love her too! Oh and congrats to the new couple ! Excited for everybody! Love + peace!
Shelby, this by far has been my favorite video of all time. You smashed this out of the park. Every word you spoke was spot on! My goal is to make my business worth 10 million. I have a coach right now that is keeping me on point. I simply adored this video and intend to come back again and again to hear and see your words of wisdom!
I like your advice. Congrats on becoming a millionaire in your 20s. My net worth goal is $1 million, and I'll get there eventually through compound interest alone. Of course, I want it sooner than later.:)
Very good points here. My best advice to young folks - read The Millionaire Next Door - outlines the characteristics and habits of the wealthy. Get rich slow is almost guaranteed.
A great reinforcer for people past 29! How many more mature folks has cut back on exercise or let failures bum them out? One of your best videos this year.
BOOM! Your #1 habit was exactly what I needed to hear and I'm pretty sure most of us did. Action is key to getting started and consistency is the secret sauce.
Shelby - Love how smart and driven you are!! One thing that I did was to run my networth growth like it's a business. If you're selling widgets, you'd chart the performance each month. I did that. Have a spreadsheet w/ assets and liabilities w/ a goal at the bottom ofc. On the asset side, I listed the stocks and homes etc. The stock prices would auto-update on excel. On the liabilities side, it's great to see what were the low hanging fruit to pay off. On a diff sheet, I'd list monthly expenses. Instead of dissecting spending each month (very tedious and never fun, bc we all know it's more fun to just spend on whatev and not have to worry abt it), I'd take a monthly avg of total spending. Take that # and divide back my tax rate and my rate of return, the quotient is my goal for financial independence. I then took monthly snapshots of the networth / achievements and visually ID the progress and determine changes needed to attain my goal.
I feel this video so hard (despite not being a millionaire yet lol.) I sat out to be a Day Trader about 2 years ago, and i've had my share of failures, but i kept at it and developing better habits like exercising has done WONDERS for my discipline which was the real game changer for me. You should totally do a video on your failures and successes over the years!
YES! Thank you for validating my habit of just rolling out of bed and getting to work. People are overly obsessed with morning routines, and if I did half of the stuff other people suggest for the morning, I would get nothing done! Thanks for sharing what works for you in an authentic way.
The great thing is we have followed your success story through watching your videos over the years. Makes your advice a lot more relatable and applicable.
Great video! A habit that has helped me is to have a “maintenance” mindset. Spend the money to maintain what you already own. It’s costs a lot less to change filters, repair leaks, top off fluids, than it does to buy new. Manage your financial life in the same way - maintain your budget, keep track of your spending, consolidate accounts, etc. Maintenance isn’t as fun as replacing, but it’s how to build a high net worth.
Thank you for sharing all this! Seriously, people dont understand how personal this stuff is and your finances, but you actually want to help others understand its possible for all of us to get ahead! and learn from any mistakes you may have gone through and they can prevent before hand!
yay yay yay! i love PF content, and i love that you reached your $1M goal in your 20's! well done, it can only gonna get easier to hit your goals from here. so motivating!
So, I have watched you and Monica for years and have learned a lot. I want to start my art business (Colored Pencil pet Portraits and wild animals in colored pencil) and want to teach on here beginning drawing. I am starting to collect my equipment and all that. There is a lot of this out there but we all have a voice and I believe every voice has a place and you can reach people that you touch in how you manifest your own style and view. So, I will put to practice what you are suggesting here. Thank you! ( I am 66, btw :) )
Goal net worth: $10mil. I am so far from it, but that's the number i think i could comfortably retire and still be a support system to my family when they need it.
A common goal for retirement (in CA) is 10M in “cash” or cash investments. If you only manage to maintain 5% interest per year, it gives you $250k/yr to live off of, without eating into your principal.
I have the same goal. Net worth at least 10 mil. It depends on the market, luck and some knowledge. My job will never get me there. But I can get there by investing.
3:42 Damn you look so much better with a picked hair, pick it up more girl. Anyway your beautiful both way, the most important thing that i like about you is your charisma and honesty keep being you sis you really worth your success i remember seeing your first videos years ago, time really flies quickly 💪 wish you all the best keep working hard and sharing your journey because i really relate to it we live in the same shoes even as men my lifeline is not very different 🙏
I am going to be in a Millionaire in less than 2 Years! My RUclips channel is going to blow up, by using the Feedback loop, failing oftern, learning, persistance. Thank you Shelby for the Inspiration. Tts awesome to see what works and dosen't work! Blessings
Another habit I try to practice…living well below my means. Goes along with the investing one. Lifestyle creep can be really tricky to avoid but so financially freeing when you do so.
Good video! Influencer money (or any other high paying job) does the trick though. I live all of these habits and unfortunately, I still won´t become a millionaire by the time I retire unless the stock market goes super super well. A lot of jobs don´t pay that well as youtube/ influencer jobs do. So you can only invest so much. And not everybody can and wants become an influencer. Luckily, because we need people working all kinds of jobs (low, mid and big salary) for society to work the way it does.
I'm not in your age demographic but I feel I learn more from your videos. It's great that ypu've achieved so much by your age. Quite an accomplishment. Tis information or technology wasn't available when I was young. I'm a late bloomer but feel that now there is so much info available that can help me reach my goals as well. Better late thann never.
Well done Shelby, on all you've accomplished. You're a hard worker and deserve all the good things that come your way. You're a good person. You have a lot to be proud of ♡
Wow this is so inspirational. What a fantastic person and its wonderful to see a successful young female. Very selfless of you to share your advice with others.
such a good video, for me it has been hard to grow like i am at 42 and trying to reach 1k so i can focus on content creating but getting there has been so hard and people rarely watch the videos so at times it just feels easier to quit but i dont want to because i love doing this now and i am just hoping to reach 1000 by the end of the year and will keep putting in the effort for hopefully good results!! 💚💚💚💚💚
You can do it!! I can relate to this so much! It’s so hard to keep going when no one is watching but I can see from your videos people are watching! Your comment section on one of your videos is so engaged! Keep going!!
Thank u Shelby! I’m 52 newly divorced. Starting 2 of these TODAY. Vulnerably published my journal on healing from divorce called THE SUN ALWAYS PIERCES THROUGH ☀️
Shelly … truly an inspiration to all of us that strive to be financially free. I think the few millionaires I know personally are just regular ordinary people. This lets me know that they are just like you and I and we can do it too 💵💰Lastly my goal is $2.7 million 🙏
Shelby never listen to the "sure but" people. Jealousy shows it's ugly head in people all the time. One of the first signs is when people say, "Sure she's rich but she's pretty or went to college or is tall or has a rich family or started early in youtube or comes from a good home or blah, blah, blah." These people DREAM of doing great things without ever TRYING to do great things. "SURE BUT' statements are a jealous way to refuse to give credit to those who are willing to persevere to achieve success. True success comes from using what YOU have, not from pointing out what you have not. If you have a hammer and nails maybe it would be difficult to build a skyscraper, then how about a chair to sit in....start there. Thanks for the video and inspiration. Keep up the good work.
Cooking is such a necessary habit. I am never eating out for as long as I live. I cook all my meals. Increase food storage to bank on pantry items if inflation feels impossible to beat or prefer not to take multiple trips to grocery shop. Turning an entire closet into a pantry can save on grocery bills & invest money for the long term. Also eating is like a lifelong need, so you might as well develop meal prepping and budgeting habits from just that. I'm 23 and my goal networth is 3 million. I'm hopefully gonna manifest that if I invest every month from what I save on cooking from home and groceries.
Great advice. The reason I watch your channel is your exceptional discipline. It is an incentive for me and I believe highly disciplined people are the most successful. You and Monica both fit that description. 🙌🏾🙌🏾🙌🏾 I hit my $1mil goal a while back, but want to increase cash in the bank.
Shelby avid fan of your content since 2019 & it truly has been amazing watching you & Monica grow! Excellent vid per usual & I am in full agreement with Enrique regarding this video blowing up!
She never said that this is going to make YOU rich. It is her experience and insights. If it works for you, fine. I don’t think it has to be someone’s role to say to you to take things with a grain of salt.
great financial advice, I enjoyed your friendly pov about how to be a millionaire, seeing I have no idea how to manage or spend $ wisely and have never invested in a single stock in my entire life...
Been watching you for a few years now. Not every video, but most. Always knew you must be well off with your success. Your millionaire status is well deserved.
all she did in the video was buy 1 share every so often of "VOO" which is a Vanguard fund, which tracks the S&P 500, kinda like a 401K but she is buying shares every so often herself on an app instead of the 'managed' 401K. The S&P often goes up over time, but buying shares (especially when it has gone down) can over time increase the value of your money. Just consistently buying 1 share (or even fractional shares where you can buy a fraction of a share if you dont have the money for 1 share), over time likely increases. Your fund can sometimes loose money- there is always risk (like dips during housing crash and covid) but it usually rebounds. Vangaurd funds that track indexes like (S&P, Nasdaq, Dow) are the safest bets. I WOULD NOT "day trade" if clueless as people often will loose their money and NEVER buy penny stocks. Take it safe and buy parts or 1 share of Vanguard funds every so often is the message she was doing.
I think I got a bit of motivation I needed today :) I’m 31, have a small kid and even with a nice combined NW, I still debate what I should do with my life and my work. It’s so hard to start, throw myself into the unknown and risk. As for my goal NW - I’m rather working on lowering my costs than earning crazy figures, it’s hard for me to imagine my early retirement in a high cost area/country, but it’s around 2.5M in a low cost one.
How does this video actually give guidance to the poor? Like investing in all of that is good, but requires money from the get-go, which many who look to this video probably don't have. The advice here is rather plain and hollow.
If you don’t have money to make more money, this is exactly what you must do to get rich: 1. When you are poor, TIME is your only currency. 2. Everyone has 24 hours in the day, so use your TIME wisely. 3. Cheat code: Work smarter, harder, and more hours than everyone you know. 4. Take your TIME and invest in learning skills. 5. Intern/work for someone you want to learn from or learn skills for free or cheap online. 6. Sometimes you may need to take out a loan to learn or work for free. This is called taking a risk on yourself. 7. Or you can bootstrap your investment in yourself. It can take shorter or longer depending on your learning style. 8. The more skills you have, the more valuable you become as a person. 9. Take those skills and create something that can be monetized or sold. 10. Be patient, and constantly perfect your product and process. 11. The feelings around working harder than everyone else are *always* bad, so never base your work ethic on how you feel. 12. Bonus: Work on self-development - both inner self and outer self. Have good character and values, be in shape and eat healthy, and groom and dress as good as your can. Improve 1% everyday.
Would you rather be rich, or happy? Is being content the goal? If you feel content, you're satisfied,THAT is true wealth. For some, the money is never enough and they remain unhappy. Much of what you spoke about is true; discipline, a "stick to it" attitude, acceptance of failure being part of the journey to success, but don't confuse wealth with happiness, they don't necessarily correlate. While this was a well done video and congratulations on that, you missed something really important: True abundance is not measured by what you have, it is measured by what you give.
No, wealthy vs happy is not an either or situation. You can have wealth and be happy or sad. Similarly, you can be poor and have either feelings. You would be surprised how many lower income families are very happy. If you are materialistic and want lots of nice things, you better find a way to make enough money to buy them or expect a very disappointing life. Unearned wealth such as winning the lottery or a big inheritance brings long term sadness in 75% of the situations.
@@johnpoldo8817 The point is money for the sake of money does not mean happiness in all cases despite what marketing sells us, large amounts of unearned money can and does bring problems on it's own. Lotteries, amongst other things, well, most people know how to spend money, its what we are taught, not a lot know how to make money.
I missed the part where she said wealth = happiness. The point of the video was how she became a millionaire. Her content never seems to focus on wealth being the essential ingredient to happiness. Instead, she often addresses the importance of connection, friends and family to her own personal happiness. She didn’t miss the mark here-her video was completely on point to the topic.
I am sorry the electric boat video didn’t do well for you. I thought I was super interesting, however I have a power boat. I would love to have an electric boat if the tech can make a longer battery life. Anyway great job on all your videos! Keep em coming!😊
Just swapped all of my last ETH and swapped it into AMS46K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
Goals: $2.5-$3m, retire from corporate job before 65, work part time when I feel like it vs because I “have” to Starting early with savings and being consistent are 2 factors which will get to you closer to the goals. The power of compounding is amazing.
Can you talk more about the 24% on an investment you earned. How to find a good investment, did you go to someone or did you figure it out on your own? How to educate yourself on how to invest. Love your pod cast!
I wish they taught investing at school level. There is so much advantage to doing this!
My biggest regret is that I started so late.
My concern is whether I can continue to sustain my standard of living with $550k and avoid outliving my savings. Every withdrawal makes me a bit unsettled
@@ClemonSteve I'm approaching retirement and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from Etf's or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $2 million
@@RonnieWine I'm currently evaluating my portfolio and could use some guidance. How can I get in touch with your advisor?
@@ClemonSteve I usually avoid making specific recommendations because everyone's situation is unique. However, my experience with Julie Ann Lerch has been quite positive. You might find it worthwhile to see if her approach fits your needs
@@RonnieWine I looked for the name online and found her page.I will get in touch with her,Thanks for the help
I emailed and made inquiries. Thanks for the help
Can you make a separate video where you talk about your business failures and successes? I think it’s cool to see the progression!
Awesome idea!
To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Risk comes from not knowing what you are doing.
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
I’m looking for where to begin putting in some funds that will aid me after retirement. Saving up isn't giving anything in return.
On your own you could seek out several of these financial advisors, make sure the one you settle on is a fiduciary and not a fake.
Know what you're getting out of it and see if your targets can be met.
How did you find a good finance advisor? How do you know if they are trustworthy and competent.
People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like ERIC PAUL ELMER.
I love how she doesn’t get boxed by the content she makes and always switches up the format yet still manages to educate us on news things and new topics
These are extremely useful rules for anyone looking to grow rich. Unfortunately, the majority of individuals that see this video will be unable to implement the ideas. We may not like to acknowledge it, but as Warren Buffett famously stated, investing is like any other profession: it takes a certain amount of knowledge. It's no surprise that some people are losing a lot of money during the bear market, while others are profiting by hundreds of thousands. I'm just not sure how they do it. I now have around $570k to invest in the market.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
Agreed, a lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
'Grace Adams Cook' , 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.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Shelby, OUTSTANDING! One of your best videos! FYI ... Sharing your successes, and failures, is NOT bragging. It's motivating! Well done!
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
Let’s be honest too. Just by looking at Shelby, she’s a go getter and a hard worker. She’s the type to grab the bull by the horns, if you’re not that type, it doesn’t matter how many videos on YT about becoming a millionaire you watch, you’ll never get there.
I agree but let's say the obvious, her beauty has a lot to do with it as well. This is not a shot against her, but I have seen better content creators with no where near the beauty she has and they struggle. She's a great creator but to act like her beauty and sex appeal has not contributed to it would be dishonest at best. Point is the beautiful people have more of a head start for success than those without.
Omg you’re so kind!!
@@PatrickMastersProductions I’m 1000% gay so I don’t know how her looks influence my interest on the video, but either way, her content is interesting and that’s why I watch.
I think Shelby is more beautiful on the inside than the outside and that’s why I have been watching her for years. She’s smart and a fantastic creator! ❤
@@gregap8282 Understood and agree for the most part. I am just pointing out for those without the attractive looks, it is much harder to get viewers no matter how engaging and informative the content is. Having beauty certainly helps just as much as working hard and establishing good content creation habits. Again, it is not a shot at Shelby or her fans at all. People are naturally drawn to beauty and that helps a lot.
I like your list of habits. However, one thing about you, Shelby, which doesn't apply to everyone is that you have always had a supportive family. You had that as a cushion, especially when you started out as a teenager on YT. I would say that all very successful "high net worth" people have supportive family and/or friends they can count on. Connections. Many people out there who want to make money and be successful don't have that kind of support and may even come from very tough or abusive backgrounds. Or have experienced homelessness. It's super hard to dig oneself out of a bad situation or get anywhere in the world when you're alone and have no safety net.
Definitely true. I have had no one ever (family is a write-off), and it's been tough going for me. Still grinding, but I don't think it's going to happen for me.
Currently, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash right now.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
I agree with you! I've diversified my portfolio across various markets with the aid of a financial adviser, I have been able to generate a little bit above half a million dollars in net profit across high dividend yield stocks, ETF and bonds.
Please who's this advisor that guides you?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with *KAREN* *MARIE* *GENDRON* for about five years now, and her performance has been consistently impressive.
Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.
Great points. I’ve followed your journey over the years and love the good reminders. I’ve been fortunate to get my business off the ground with RUclips - the improvement I need is the monthly investing!
That's right, important and helps, but not the real reason. You have been at the right place at right time starting youtube. And think and feel the right way is the foundation of success
Shelby, this is your best video ever. You are 100% right on every point. I'm an entrepreneur and investor as well and I can definitely say that the times I've followed these tips are the times I've had the best results. All those people so focused on life-sapping ideas like "rights", "justice", "equality" and "generational wealth" should take a page (or 6) from your book. You have done it all with a huge smile on your face by 29. Anyone can if they cultivate the right habits. Bravo!
ive been watching you and your sister from the diving days ! most real content i have ever seen :) im 27 and i just love you!
Omg the diving days!!
Thanks for being so down to earth and transparent about what you did! I like how you really aren't bragging about your wealth and genuine about sharing knowledge. Thank you!
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.
Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Shelby you are so brilliant and inspiring to the people our age. It’s so nice to see an influencer that is transparent and isn’t full of themselves. If you ever hosted a seminar or meet and greet my fiancé and I would definitely be there!! Please don’t ever quit RUclips (unless it’s the best lifestyle choice for you)
Been watching your videos for a while and you deserve the success for the quality work you do!
So beyond proud of you Shelby I was there when you had your first day and college and I am so happy to see how far you worked to your achievements
Shelby I absolutely love your channel ! A long time subscriber and I always leave your videos feeling so well informed and motivated!
Love this! Great video as always.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you.... prevent inflation*
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some
You trade also?, I tried trading after watching some videos on < RUclips but still keep making losses, how do you
No I don't trade on my own anymore, I always required help and assistance
From my personal financial advisor
I like how you emphasized how important multiple good habits contributed to overall success.
Among all the youtubers I've seen grow their wealth, you are definitely the one to deserve this 100%. Your videos are very informative and will continue to support you! 🎉
I love these types of videos Shelby!! So many people look up to you!
This is a solid video and great reminder for all of us out here trying to be successful
This by far is one of your best videos. Very valuable info on your best habits that are valuable to all. Love you content and your mindset. Super Thanks!
Thank you 🎉 this feels so comfortable listening to you while getting into the next thing i want to do 💪🏻
This is such a great video! Been following you for years now & tbh, I’m not surprised to see all you’ve accomplished! I can see all the work you put in on & off camera, all the different ventures & strategic moves you’ve made with investing, real estate, etc. Despite everything, I love how you’re still so driven to level up & accomplish more & keep things fun & interesting. Way to go Shelby! 🎉
Great content as always Shelby, thank you ! Loved the #1 habit-think I better buy the new Model 3 then !! haha
Hope You Will Be the Next Millionaire 🤞 [ Why getting 99.9% won't make you RICH ]
Having a bias towards action. I love that phrase , well put. I had heard somewhere that a lot of us are net consumers ( watching tv,reading stuff online ,basically taking in or consuming stuff )and that what we should concentrate on is to become net producers. To make or produce rather than always consuming . Not sure where I heard that from but it’s helpful I think. Always love your content Shelby ,even if RUclips thinks it’s not quite up to whatever , lol. It’s always great IMO. Make Monica post more often! Hahahaha ! Love her too! Oh and congrats to the new couple ! Excited for everybody! Love + peace!
Thanks!
Shelby, this by far has been my favorite video of all time. You smashed this out of the park. Every word you spoke was spot on! My goal is to make my business worth 10 million. I have a coach right now that is keeping me on point. I simply adored this video and intend to come back again and again to hear and see your words of wisdom!
What is your business?
I like your advice. Congrats on becoming a millionaire in your 20s. My net worth goal is $1 million, and I'll get there eventually through compound interest alone. Of course, I want it sooner than later.:)
Keep crushing it Shelby, been a fan for a long time.
I'm calling it now, this video is gonna blow up lol 🙌 like that amazon video
AMEN!
Very good points here. My best advice to young folks - read The Millionaire Next Door - outlines the characteristics and habits of the wealthy. Get rich slow is almost guaranteed.
A great reinforcer for people past 29! How many more mature folks has cut back on exercise or let failures bum them out? One of your best videos this year.
BOOM! Your #1 habit was exactly what I needed to hear and I'm pretty sure most of us did. Action is key to getting started and consistency is the secret sauce.
Shelby - Love how smart and driven you are!! One thing that I did was to run my networth growth like it's a business. If you're selling widgets, you'd chart the performance each month. I did that. Have a spreadsheet w/ assets and liabilities w/ a goal at the bottom ofc. On the asset side, I listed the stocks and homes etc. The stock prices would auto-update on excel. On the liabilities side, it's great to see what were the low hanging fruit to pay off. On a diff sheet, I'd list monthly expenses. Instead of dissecting spending each month (very tedious and never fun, bc we all know it's more fun to just spend on whatev and not have to worry abt it), I'd take a monthly avg of total spending. Take that # and divide back my tax rate and my rate of return, the quotient is my goal for financial independence. I then took monthly snapshots of the networth / achievements and visually ID the progress and determine changes needed to attain my goal.
5min rule & Bias toward action combo is great actionable information, particularly for procrastinators
i have been subscribing for 7nyears i guess now and now i am 25 as a yougr by 4 years i am so thankful for your content as a mentor
Fantastic ! 14-15 years of persistence in the content creation field has paid off. 🙂
I feel this video so hard (despite not being a millionaire yet lol.) I sat out to be a Day Trader about 2 years ago, and i've had my share of failures, but i kept at it and developing better habits like exercising has done WONDERS for my discipline which was the real game changer for me.
You should totally do a video on your failures and successes over the years!
YES! Thank you for validating my habit of just rolling out of bed and getting to work. People are overly obsessed with morning routines, and if I did half of the stuff other people suggest for the morning, I would get nothing done! Thanks for sharing what works for you in an authentic way.
I hope Forbes or cnbc will make video about Shellby soon 🎉
This is really helpful, Shelby. Congratulations on your success.
Loved this video! You're so inspiring, Shelby! i would say my goal net worth would be at least one million by 30 years old!
The great thing is we have followed your success story through watching your videos over the years. Makes your advice a lot more relatable and applicable.
Great video! A habit that has helped me is to have a “maintenance” mindset. Spend the money to maintain what you already own. It’s costs a lot less to change filters, repair leaks, top off fluids, than it does to buy new. Manage your financial life in the same way - maintain your budget, keep track of your spending, consolidate accounts, etc. Maintenance isn’t as fun as replacing, but it’s how to build a high net worth.
Thank you for sharing all this! Seriously, people dont understand how personal this stuff is and your finances, but you actually want to help others understand its possible for all of us to get ahead! and learn from any mistakes you may have gone through and they can prevent before hand!
yay yay yay! i love PF content, and i love that you reached your $1M goal in your 20's! well done, it can only gonna get easier to hit your goals from here. so motivating!
So, I have watched you and Monica for years and have learned a lot. I want to start my art business (Colored Pencil pet Portraits and wild animals in colored pencil) and want to teach on here beginning drawing. I am starting to collect my equipment and all that. There is a lot of this out there but we all have a voice and I believe every voice has a place and you can reach people that you touch in how you manifest your own style and view. So, I will put to practice what you are suggesting here. Thank you! ( I am 66, btw :) )
Morning work time is critical. Love the videos Shelby.
I admire you and your sister for your success early on. You’re amazing, keep reaching for the stars!
Goal net worth: $10mil. I am so far from it, but that's the number i think i could comfortably retire and still be a support system to my family when they need it.
A common goal for retirement (in CA) is 10M in “cash” or cash investments. If you only manage to maintain 5% interest per year, it gives you $250k/yr to live off of, without eating into your principal.
I have the same goal. Net worth at least 10 mil. It depends on the market, luck and some knowledge. My job will never get me there.
But I can get there by investing.
3:42 Damn you look so much better with a picked hair, pick it up more girl. Anyway your beautiful both way, the most important thing that i like about you is your charisma and honesty keep being you sis you really worth your success i remember seeing your first videos years ago, time really flies quickly 💪 wish you all the best keep working hard and sharing your journey because i really relate to it we live in the same shoes even as men my lifeline is not very different 🙏
I am going to be in a Millionaire in less than 2 Years! My RUclips channel is going to blow up, by using the Feedback loop, failing oftern, learning, persistance. Thank you Shelby for the Inspiration. Tts awesome to see what works and dosen't work! Blessings
Another habit I try to practice…living well below my means. Goes along with the investing one. Lifestyle creep can be really tricky to avoid but so financially freeing when you do so.
Good video! Influencer money (or any other high paying job) does the trick though. I live all of these habits and unfortunately, I still won´t become a millionaire by the time I retire unless the stock market goes super super well. A lot of jobs don´t pay that well as youtube/ influencer jobs do. So you can only invest so much. And not everybody can and wants become an influencer. Luckily, because we need people working all kinds of jobs (low, mid and big salary) for society to work the way it does.
Solid video and didnt end with a sell.
Great tips, Shelby, and congrats to you for being a go-getter!! 🎉
Excellent points! Also follow what interest you…it makes it easier to master what you do!
I'm not in your age demographic but I feel I learn more from your videos. It's great that ypu've achieved so much by your age. Quite an accomplishment. Tis information or technology wasn't available when I was young. I'm a late bloomer but feel that now there is so much info available that can help me reach my goals as well. Better late thann never.
Well done Shelby, on all you've accomplished. You're a hard worker and deserve all the good things that come your way. You're a good person. You have a lot to be proud of ♡
Finally a morning routing that goes straight to work!! Much more relatable
Love all of these Shelby!!
Wow this is so inspirational. What a fantastic person and its wonderful to see a successful young female. Very selfless of you to share your advice with others.
such a good video, for me it has been hard to grow like i am at 42 and trying to reach 1k so i can focus on content creating but getting there has been so hard and people rarely watch the videos so at times it just feels easier to quit but i dont want to because i love doing this now and i am just hoping to reach 1000 by the end of the year and will keep putting in the effort for hopefully good results!! 💚💚💚💚💚
thank you
You can do it!! I can relate to this so much! It’s so hard to keep going when no one is watching but I can see from your videos people are watching! Your comment section on one of your videos is so engaged! Keep going!!
@@francesemilywright thank you for the kind words! Just became sub #784 for you ❤️ going to be watching you from now on!
@@Kaurcreates22 thank you!! ☺️ subscriber #46 for you!!
Thank u Shelby! I’m 52 newly divorced. Starting 2 of these TODAY. Vulnerably published my journal on healing from divorce called THE SUN ALWAYS PIERCES THROUGH ☀️
I enjoy your content is informative and inspirational. Your are so professional and creative.
Shelly … truly an inspiration to all of us that strive to be financially free. I think the few millionaires I know personally are just regular ordinary people. This lets me know that they are just like you and I and we can do it too 💵💰Lastly my goal is $2.7 million 🙏
Shelby never listen to the "sure but" people. Jealousy shows it's ugly head in people all the time. One of the first signs is when people say, "Sure she's rich but she's pretty or went to college or is tall or has a rich family or started early in youtube or comes from a good home or blah, blah, blah." These people DREAM of doing great things without ever TRYING to do great things. "SURE BUT' statements are a jealous way to refuse to give credit to those who are willing to persevere to achieve success. True success comes from using what YOU have, not from pointing out what you have not. If you have a hammer and nails maybe it would be difficult to build a skyscraper, then how about a chair to sit in....start there. Thanks for the video and inspiration. Keep up the good work.
Cooking is such a necessary habit. I am never eating out for as long as I live. I cook all my meals. Increase food storage to bank on pantry items if inflation feels impossible to beat or prefer not to take multiple trips to grocery shop. Turning an entire closet into a pantry can save on grocery bills & invest money for the long term.
Also eating is like a lifelong need, so you might as well develop meal prepping and budgeting habits from just that. I'm 23 and my goal networth is 3 million. I'm hopefully gonna manifest that if I invest every month from what I save on cooking from home and groceries.
Great advice. The reason I watch your channel is your exceptional discipline. It is an incentive for me and I believe highly disciplined people are the most successful. You and Monica both fit that description. 🙌🏾🙌🏾🙌🏾
I hit my $1mil goal a while back, but want to increase cash in the bank.
Great tips. I enjoyed them, and your energy and passion are contagious!!!
Thanks for the advice Shelby! I will definitely implement these habits.
Shelby avid fan of your content since 2019 & it truly has been amazing watching you & Monica grow! Excellent vid per usual & I am in full agreement with Enrique regarding this video blowing up!
In short, I have to be born into wealth for this to work right?
Hope You Will Be the Next Millionaire 🤞 [ Why getting 99.9% won't make you RICH ]
She never said that this is going to make YOU rich. It is her experience and insights. If it works for you, fine. I don’t think it has to be someone’s role to say to you to take things with a grain of salt.
I’d love to see an updated investment 101 video ♥️
great financial advice, I enjoyed your friendly pov about how to be a millionaire, seeing I have no idea how to manage or spend $ wisely and have never invested in a single stock in my entire life...
Been watching you for a few years now. Not every video, but most. Always knew you must be well off with your success. Your millionaire status is well deserved.
Can yo make a video about stock market how does it work I'm completely clueless 🙈 😕
all she did in the video was buy 1 share every so often of "VOO" which is a Vanguard fund, which tracks the S&P 500, kinda like a 401K but she is buying shares every so often herself on an app instead of the 'managed' 401K. The S&P often goes up over time, but buying shares (especially when it has gone down) can over time increase the value of your money. Just consistently buying 1 share (or even fractional shares where you can buy a fraction of a share if you dont have the money for 1 share), over time likely increases. Your fund can sometimes loose money- there is always risk (like dips during housing crash and covid) but it usually rebounds. Vangaurd funds that track indexes like (S&P, Nasdaq, Dow) are the safest bets. I WOULD NOT "day trade" if clueless as people often will loose their money and NEVER buy penny stocks. Take it safe and buy parts or 1 share of Vanguard funds every so often is the message she was doing.
So many good habits in this video! I especially liked the bit about taking risk.
Your videos are so calming. I love your content!
I think I got a bit of motivation I needed today :) I’m 31, have a small kid and even with a nice combined NW, I still debate what I should do with my life and my work. It’s so hard to start, throw myself into the unknown and risk. As for my goal NW - I’m rather working on lowering my costs than earning crazy figures, it’s hard for me to imagine my early retirement in a high cost area/country, but it’s around 2.5M in a low cost one.
Excellent video Shelby!
Bias towards action is huge.
I think that + being able to iterate super quickly is the only reason I was able to make it here
How does this video actually give guidance to the poor? Like investing in all of that is good, but requires money from the get-go, which many who look to this video probably don't have. The advice here is rather plain and hollow.
it doesn't.. the poor aren't her demographic.
If you don’t have money to make more money, this is exactly what you must do to get rich:
1. When you are poor, TIME is your only currency.
2. Everyone has 24 hours in the day, so use your TIME wisely.
3. Cheat code: Work smarter, harder, and more hours than everyone you know.
4. Take your TIME and invest in learning skills.
5. Intern/work for someone you want to learn from or learn skills for free or cheap online.
6. Sometimes you may need to take out a loan to learn or work for free. This is called taking a risk on yourself.
7. Or you can bootstrap your investment in yourself. It can take shorter or longer depending on your learning style.
8. The more skills you have, the more valuable you become as a person.
9. Take those skills and create something that can be monetized or sold.
10. Be patient, and constantly perfect your product and process.
11. The feelings around working harder than everyone else are *always* bad, so never base your work ethic on how you feel.
12. Bonus: Work on self-development - both inner self and outer self. Have good character and values, be in shape and eat healthy, and groom and dress as good as your can. Improve 1% everyday.
Would you rather be rich, or happy? Is being content the goal? If you feel content, you're satisfied,THAT is true wealth. For some, the money is never enough and they remain unhappy. Much of what you spoke about is true; discipline, a "stick to it" attitude, acceptance of failure being part of the journey to success, but don't confuse wealth with happiness, they don't necessarily correlate. While this was a well done video and congratulations on that, you missed something really important: True abundance is not measured by what you have, it is measured by what you give.
No, wealthy vs happy is not an either or situation. You can have wealth and be happy or sad. Similarly, you can be poor and have either feelings. You would be surprised how many lower income families are very happy.
If you are materialistic and want lots of nice things, you better find a way to make enough money to buy them or expect a very disappointing life. Unearned wealth such as winning the lottery or a big inheritance brings long term sadness in 75% of the situations.
@@johnpoldo8817 The point is money for the sake of money does not mean happiness in all cases despite what marketing sells us, large amounts of unearned money can and does bring problems on it's own. Lotteries, amongst other things, well, most people know how to spend money, its what we are taught, not a lot know how to make money.
I missed the part where she said wealth = happiness. The point of the video was how she became a millionaire. Her content never seems to focus on wealth being the essential ingredient to happiness. Instead, she often addresses the importance of connection, friends and family to her own personal happiness. She didn’t miss the mark here-her video was completely on point to the topic.
@@murraypollard Agree
I am sorry the electric boat video didn’t do well for you. I thought I was super interesting, however I have a power boat. I would love to have an electric boat if the tech can make a longer battery life. Anyway great job on all your videos! Keep em coming!😊
This is so inspiring! 😊
thanks for sharing, question what software do you use for editing your videos?
Just swapped all of my last ETH and swapped it into AMS46K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
Goals: $2.5-$3m, retire from corporate job before 65, work part time when I feel like it vs because I “have” to
Starting early with savings and being consistent are 2 factors which will get to you closer to the goals. The power of compounding is amazing.
so inspirational!
Can you talk more about the 24% on an investment you earned. How to find a good investment, did you go to someone or did you figure it out on your own? How to educate yourself on how to invest. Love your pod cast!
Hope You Will Be the Next Millionaire 🤞 [ Why getting 99.9% won't make you RICH ]
Shelby, you said "shit" at 1:33. I love it when you curse. It's so hot. lol
Persistence is key. Successful people failed in their time but never gave up until they became successful. I am working on an Online Business.
Grit
You are so good at motivating and helping make grounded goals that are extraordinary really missed your content these weeks yyou were not around