I've invested primarily in dividends for a very long time. This is not to say that I do not own growth stocks-I do. A well-rounded portfolio has to include elements from both areas. Maintaining a sizable cash cushion is one technique to reduce the stress associated with stock market trading. Although I invest in the market, I never use all of my funds there.
Instead of reinvesting in the same stock, I occasionally utilize my dividends to purchase additional income and growth stocks for diversification. But to each their own ways. What matters is that you're investing in the first place, which is a positive thing.
Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
‘’Aileen Gertrude Tippy’’ 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 so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person. I am well aware of the costs associated with working more to get more money.
If the market has taught me anything, it's that it usually makes a comeback, but I can't seem to concentrate on the long term, especially because important things like my retirement and my reserve are having a disastrous impact on inflation. I need a solution and a data trajectory that I can trust as soon as it is practicable.
Currently, the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
That’s hella good. I’m almost 38 with only like $25k 😬. But currently maxing 401k/Roth to be able to hit 100k by 40. And hopefully $200k by age 42 or 43. Then I’ll probably scale back from the 35% savings to 20-25% savings.
@@chaselesser3191 I'm so behind lol hitting 100k by 30 should be the goal for most. I started way late at 29. I'm just going to contribute 10k yearly till 65. Hopefully I'll have a decent retirement. Projected around 4 mill but I think most average people should have around 5 mill.
@livingunashamed4869 most are in massive uni debt and working dead end jobs renting. I'm.37 and we've only just managed to buy a house. I haven't event started investing yet as I've been growing my small business and working the last 2 years and saving. 10k went on a house deposit but I'm looking to start investing the 3k I have spare and contributing regularly to that. Managed to find someone to help me invest who has 30 years experience. Better later than never
I was a bum. Perpetual graduate student, playing beer league sports. It took two years to find my first post-degree job. Worked just that job for nine years, got laid off. Had about $40k in savings and I was in my late 40s. Then I got serious. Got part time work as a teaching adjunct. Started a home business. Two years later I got a new full time job. But I kept the gig work and the home business going strong. Suddenly I had three income streams. Less than fifteen years later I'm a millionaire and then some. I don't recommend this path. I had enough education, luck, and talent to pull it off. Much better to start saving in your 20s. If you get to 100k in savings before age 30 and keep it going, you're going to retire in style.
Great video....I was fortunate to hit many of the milestones and achieved 1 million networth by 50. Hoping to double networth in 7 years. Be diligent with saving and investing and it can happen.
Started watching this channel a couple of years ago, now 22 with 33k invested in stocks between my superannuation and taxable brokerage accounts (in Australia) - thanks for keeping me accountable with your regular videos, nice reminders that the slow and steady steps are worth it.
Yep. I’m finding it important to keep reminding myself we’re doing better than most since we feel poor as well but are by no means poor. Just have to find ways to keep yourself on track and not feeling that way!
They’re 26. They have built up enough to not need to save as much now and can start enjoying life while still saving some. If they waited longer they’d have to save at the same rate for a longer period of time. Even if they don’t find it worth it right now, they almost certainly will later in life. They’ll be able to do some awesome things without worrying about retirement as much as they would have otherwise.
Very nice! That said, no fun is not the way to live. Money is a tool, it's not the reason to live. Invest as much as you can, but also enjoy the journey. Don't make the mistake of making money the goal in life. Remember that you don't have to retire when you reach FI, and even if you do retire you'll need to retire to something. Make sure you have some bobbies. Also, once you reach FI your perspective on life might change. Since you no longer need to work for money, it will affect how you approach life.
Just Hit 40 years old. $300k in retirement, our income just tripled this year. Targeting $600k in retirement and $1 million invested outside retirement by 45.
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Patricia Annie Brooks
Her good reputation already speaks for her .I’m also one of the beneficiary of Annie Brooks. So happy I gave it a trial after being skeptic of the process.
Keep up the good work I’ll give you a word of advice too. I watched a video of Jim Carey he wrote a 2 million dollar check and kept it to himself and manifested that 2 million into his life with hard work. I thought that was a brilliant Idea
@@karma1507 started saving and investing at 14 joined military at 18 and saved 80-90 percent of every check while living in the dorms got out of military and paid cash for house
I really wish high school had mandatory financial ed that teaches stuff like this channel. I didn't know the power compound interest, index funds etc. until later in life. I was always frugal and limited debt, but even when I was poor (or paycheck to paycheck) I still would've started a Roth IRA early on even if just $20 a month, and started my 401k a little earlier. I made it up well in my later years, but many of my coworkers in their 20's didn't even know about the company match when starting a 401k. I could see a light go off in their heads. But it seems to me this country's power elite want people to be racked in debt and not be able to retire---just imo from my observations.
A finance class is no guarantee students will pay attention or use the knowledge. Health class in high school teaches us that smoking is bad, yet people still do it anyway.
@@dustinjones8887man I had a forgettable teacher in my Senior year in High School but she was literally the only lady that brought up finances throughout all my life. She just talked about it for 30 minutes but it changed my whole perspective on money. She talked about how crazy living expenses can get, such as gas and groceries and how you really have to budget for your future. I still think about those important 30 minutes, I can imagine the huge benefits students would get if there was a dedicated financial class in High School.
My case is different :) I’ve studied till 32 and started my career in year 2008. It was much late than my friends, but I was able to catch up my friends quickly. My income started with $100k in 2008 and went up to $300k in 2023. And was able to buy a house in California with $600k equity now and got to have $1M financial assets before 50 years old. In early stage of a life, it could be a good idea to invest on the capability rather than thinking of money. What I’m saying might not be true for everyone but it tends to be overlooked and not mentioned enough in the RUclips world. So, I just mention here from a different angle.
The money guys have a great chart That shows what every dollar turns into by retirement age based on the age of when you invest it. So when you are in your early 20s every dollar invested turns into $80, but by 30 it's already down to $30. Just goes to show how powerful those early years are! Also, net worth is a really rough metric for success. Your home is often the largest bill that prevents people from investing. My overall net worth looks pretty good... But it's because my house is getting close to being paid off. Take the house out of the equation, and the assets I can retire on are barely at where I should be for my age. But I was behind for a long time and playing fast catchup, so I'm not afraid for the future. But if your net worth is due to a large house, chances are high that you are way behind on everything else. It's a fun manhood measuring stick... But that's useless when it comes to functional wealth building, retirement, and you ability to retire early.
I dont understand why u all so obsess with retirement? There nothing to do there but work, live and have fun. Real winners are the one who are Semi-retire which take you only $200,000. Investment or Interest the bank. Im about to get there im only 26 Go up there and work if it makes you happy. Leave if the place is chaos. That the point of financial freedom not someone who will full retire. Full retirement sound soooo boring!! Is soo OVERATED AF! You be ended like this '' YAY!! IM RETIRE!... UMM NOW WHAT??? '' LMAO XD HAHAHAHAHA
I said I was goin go retire at 55 from my job. Then work a part time job Monday - Thursday 4 hours a day. And be off Friday Saturday and Sunday While I’m still working I’ma keep most of my money in a investment vehicle to keep turning
HELLO CHRIS, I HOPE YOU'RE DOING FINE I AM A GRAPHIC DESIGNER I HAVE WATCHED YOUR MANY VIDEOS AND HAS FOLLOWED FOR LONG TIME I HAVE NOTICED THAT YOUR VIDEOS DON'T GET THAT MUCH VIEWS AS THEY SHOULD JUST BECAUSE OF YOUR SIMPLE THUMBNAIL. I CAN CREATE EYE-CATCHING, INTERESTING THUMBNAILS FOR YOU ACCORDING TO YOUR BUDGET.IF YOU'RE INTERESTED SO PLEASE REPLY , I'LL BE WAITING FOR YOU
I've invested primarily in dividends for a very long time. This is not to say that I do not own growth stocks-I do. A well-rounded portfolio has to include elements from both areas. Maintaining a sizable cash cushion is one technique to reduce the stress associated with stock market trading. Although I invest in the market, I never use all of my funds there.
Instead of reinvesting in the same stock, I occasionally utilize my dividends to purchase additional income and growth stocks for diversification. But to each their own ways. What matters is that you're investing in the first place, which is a positive thing.
Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
‘’Aileen Gertrude Tippy’’ 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 so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I started buying some more stocks at the beginning of the year, but nothing big. Why am I treating this so harshly? I still want to be the first person in my polygamous family to make a million dollars despite the fact that others in my field make six figures per person. I am well aware of the costs associated with working more to get more money.
If the market has taught me anything, it's that it usually makes a comeback, but I can't seem to concentrate on the long term, especially because important things like my retirement and my reserve are having a disastrous impact on inflation. I need a solution and a data trajectory that I can trust as soon as it is practicable.
Currently, the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
33 with 70k in stocks the goal is to hit 100k invested before 35 :).
Congratulations 🎉
100K is a big milestone , that’s the goal that really gets your money to grow , keep pushing …. 👍👍
That’s hella good. I’m almost 38 with only like $25k 😬. But currently maxing 401k/Roth to be able to hit 100k by 40. And hopefully $200k by age 42 or 43. Then I’ll probably scale back from the 35% savings to 20-25% savings.
@@chaselesser3191 I'm so behind lol hitting 100k by 30 should be the goal for most. I started way late at 29. I'm just going to contribute 10k yearly till 65. Hopefully I'll have a decent retirement. Projected around 4 mill but I think most average people should have around 5 mill.
@livingunashamed4869 most are in massive uni debt and working dead end jobs renting. I'm.37 and we've only just managed to buy a house. I haven't event started investing yet as I've been growing my small business and working the last 2 years and saving. 10k went on a house deposit but I'm looking to start investing the 3k I have spare and contributing regularly to that. Managed to find someone to help me invest who has 30 years experience. Better later than never
39 years old
Apartment paid of next year (25k missing)
~60k in stocks
no debt
Apartment paid off? You mean condo? Or are you liturally buying the apartment building to charge all your neighbors rent?
age 21
$18,000 in stocks/roth
no debt
Awesome 😎 dont forget emergency fund
So much time for growth! Just keep a regular pace on investing and you’re golden
Keep at it 👍
Well done! I didn't start till almost 25, so you are in good shape.
32 yrs old. Net worth of $960,000
$300K in equity from rental properties
$275K in retirement accounts
$385K in liquid
I was a bum. Perpetual graduate student, playing beer league sports. It took two years to find my first post-degree job. Worked just that job for nine years, got laid off. Had about $40k in savings and I was in my late 40s. Then I got serious. Got part time work as a teaching adjunct. Started a home business. Two years later I got a new full time job. But I kept the gig work and the home business going strong. Suddenly I had three income streams. Less than fifteen years later I'm a millionaire and then some. I don't recommend this path. I had enough education, luck, and talent to pull it off. Much better to start saving in your 20s. If you get to 100k in savings before age 30 and keep it going, you're going to retire in style.
Age 24 and finally hit 100k invested…. I’m trying to get to 2 mil before 30. Do u think it’s possible?
39 years old. Wife and I have 570k in retirement, 800k in home equity (own 3 rentals along with our home). Only debt is low interest mortgages.
Great job 👍
Great video....I was fortunate to hit many of the milestones and achieved 1 million networth by 50. Hoping to double networth in 7 years. Be diligent with saving and investing and it can happen.
The first million is the hardest! Thanks for watching.
Started watching this channel a couple of years ago, now 22 with 33k invested in stocks between my superannuation and taxable brokerage accounts (in Australia) - thanks for keeping me accountable with your regular videos, nice reminders that the slow and steady steps are worth it.
Great job...keep at it! Glad you enjoy the videos. Thanks for watching 😀
1.7 mil net worth, house worth 700k, age 57, no debt, and still feel poor.
Yep. I’m finding it important to keep reminding myself we’re doing better than most since we feel poor as well but are by no means poor. Just have to find ways to keep yourself on track and not feeling that way!
Mindset and surroundings make a huge difference. I'm 37, about 40% of your net worth, and I feel extremely secure in my situation.
Dump that house.
Your drawing skills always amaze me! But giving that girl massive pit hair at 6:32 was an odd choice.
It is a part of her hair on her head, like a ponytail
These are stock drawing videos I think, I've seen these in many videos.
26 with 142K in stocks, co-op, and cash
This is what happened when I just grind and no fun money spent in the past 4 years
Question 21 here was it worth it or do you look back with a little regret
They’re 26. They have built up enough to not need to save as much now and can start enjoying life while still saving some. If they waited longer they’d have to save at the same rate for a longer period of time. Even if they don’t find it worth it right now, they almost certainly will later in life. They’ll be able to do some awesome things without worrying about retirement as much as they would have otherwise.
You will get to 400k in less than 5 years. After 400k, there's no need to max savings. You can probably relax a little now and start having some fun.
Very nice! That said, no fun is not the way to live. Money is a tool, it's not the reason to live. Invest as much as you can, but also enjoy the journey.
Don't make the mistake of making money the goal in life. Remember that you don't have to retire when you reach FI, and even if you do retire you'll need to retire to something. Make sure you have some bobbies. Also, once you reach FI your perspective on life might change. Since you no longer need to work for money, it will affect how you approach life.
@@jjred233 I really hope so. My goal is get to at least a million before I can start being "care free"
Just Hit 40 years old.
$300k in retirement, our income just tripled this year.
Targeting $600k in retirement and $1 million invested outside retirement by 45.
Triple? Wow, sounds like you'll get there!
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Patricia Annie Brooks
You trade with Annie Brooks too? Wow that woman has been a blessing to me and my family.
The very first time we tried, we invested $1000 and after a week, we received $5900. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
Her good reputation already speaks for her .I’m also one of the beneficiary of Annie Brooks. So happy I gave it a trial after being skeptic of the process.
she's mostly on Instagrams, using the user name
29 years old. Home equity of about $90k. $35k in 401k and almost $10k in an emergency fund. Some debts to pay down but all are below 5.99%
Kudos to you!
Keep up the good work I’ll give you a word of advice too. I watched a video of Jim Carey he wrote a 2 million dollar check and kept it to himself and manifested that 2 million into his life with hard work. I thought that was a brilliant Idea
Sounds like you're on the right track 👍
23 years old
Paid off house
4k in roth accounts
2k in individual
18k cash (being used for knew roof on house)
Nice
Paid off house at 23? Great!
How did you afford your house? I'm 22 and still trying to save up a down payment.
@@karma1507 started saving and investing at 14 joined military at 18 and saved 80-90 percent of every check while living in the dorms got out of military and paid cash for house
26 with 70k stocks 10k crypto baby lets get it‼️🗣️🎙️
Great advice!
Thanks for watching!
I really wish high school had mandatory financial ed that teaches stuff like this channel. I didn't know the power compound interest, index funds etc. until later in life. I was always frugal and limited debt, but even when I was poor (or paycheck to paycheck) I still would've started a Roth IRA early on even if just $20 a month, and started my 401k a little earlier. I made it up well in my later years, but many of my coworkers in their 20's didn't even know about the company match when starting a 401k. I could see a light go off in their heads. But it seems to me this country's power elite want people to be racked in debt and not be able to retire---just imo from my observations.
A finance class is no guarantee students will pay attention or use the knowledge. Health class in high school teaches us that smoking is bad, yet people still do it anyway.
@@handleyobusiness - Possibly a few, yes. But you'd have to be a horrible teacher to not hold students' attention about money.
@@dustinjones8887man I had a forgettable teacher in my Senior year in High School but she was literally the only lady that brought up finances throughout all my life. She just talked about it for 30 minutes but it changed my whole perspective on money. She talked about how crazy living expenses can get, such as gas and groceries and how you really have to budget for your future. I still think about those important 30 minutes, I can imagine the huge benefits students would get if there was a dedicated financial class in High School.
21 years old
$45k in stocks spilt between roth ira and individual.
Great job! Keep working at it.
My case is different :) I’ve studied till 32 and started my career in year 2008. It was much late than my friends, but I was able to catch up my friends quickly. My income started with $100k in 2008 and went up to $300k in 2023. And was able to buy a house in California with $600k equity now and got to have $1M financial assets before 50 years old. In early stage of a life, it could be a good idea to invest on the capability rather than thinking of money. What I’m saying might not be true for everyone but it tends to be overlooked and not mentioned enough in the RUclips world. So, I just mention here from a different angle.
The money guys have a great chart That shows what every dollar turns into by retirement age based on the age of when you invest it.
So when you are in your early 20s every dollar invested turns into $80, but by 30 it's already down to $30. Just goes to show how powerful those early years are!
Also, net worth is a really rough metric for success. Your home is often the largest bill that prevents people from investing. My overall net worth looks pretty good... But it's because my house is getting close to being paid off. Take the house out of the equation, and the assets I can retire on are barely at where I should be for my age. But I was behind for a long time and playing fast catchup, so I'm not afraid for the future. But if your net worth is due to a large house, chances are high that you are way behind on everything else. It's a fun manhood measuring stick... But that's useless when it comes to functional wealth building, retirement, and you ability to retire early.
Good point, especially considering anyone who bought a house a few years ago has a decent amount of equity
Good video
Thanks for watching!
I dont understand why u all so obsess with retirement? There nothing to do there but work, live and have fun.
Real winners are the one who are Semi-retire which take you only $200,000. Investment or Interest the bank. Im about to get there im only 26
Go up there and work if it makes you happy. Leave if the place is chaos. That the point of financial freedom not someone who will full retire.
Full retirement sound soooo boring!! Is soo OVERATED AF!
You be ended like this '' YAY!! IM RETIRE!... UMM NOW WHAT??? '' LMAO XD HAHAHAHAHA
I said I was goin go retire at 55 from my job.
Then work a part time job Monday - Thursday 4 hours a day. And be off Friday Saturday and Sunday
While I’m still working I’ma keep most of my money in a investment vehicle to keep turning
It's all about balance
HELLO CHRIS,
I HOPE YOU'RE DOING FINE
I AM A GRAPHIC DESIGNER I HAVE WATCHED YOUR MANY VIDEOS AND HAS FOLLOWED FOR LONG TIME I HAVE NOTICED THAT YOUR VIDEOS DON'T GET THAT MUCH VIEWS AS THEY SHOULD JUST BECAUSE OF YOUR SIMPLE THUMBNAIL. I CAN CREATE EYE-CATCHING, INTERESTING THUMBNAILS FOR YOU ACCORDING TO YOUR BUDGET.IF YOU'RE INTERESTED SO PLEASE REPLY ,
I'LL BE WAITING FOR YOU