1) Regular savings account. 2) HYSA. 3) Mutual fund. 4) IRA. 5) 401(k) 6) Index fund. Unfortunately, this is the most basic of the basic lists of passive income.
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my second house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Elizabeth Messer for helping me achieve this.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
I feel like this is a weird list. Mainly because the way it's worded. A Roth IRA, IRA, and 401k are vehicles to invest, and you can invest in mutual funds including index funds within those accounts. They aren't necessarily completely different. If you open an IRA and just park money in it, it's not doing much for you. You have to choose what you are investing in within your IRA. So, to me, it would make more sense to not have mutual funds (including index funds) on the list separately because they are used in 401ks, IRAs, and other investment accounts. Also, I think CDs should be on the list right after high yield savings accounts.
Anything that has the word "retirement" in it to me is not passive income. Assuming your IRA is not invested in individual stocks, dividends are usually reinvested and reflected on annual returns. Passive Income is anything that can increase cash flow without any labor on your part that you should have instant access to. HYSA, CD's, Dividend Stocks and Bond Interest via Brokerage Accounts are some basic examples. Dave may not like to call Real Estate passive income but you should invest in REIT's and that can effectively yield the same cash flow with no landlord responsibility. Credit Card rewards are technically rebates and Dave hates those but when you put all your needs on a card pay it off on time and reap cash rewards, that can be a hefty passive income stream as well.
i hear ya. got out of the market 3 years. i did fine, but hated the roller coaster. HYSA? really? i dropped 200 k from my cash out in various cd's at 4.75-5.25 %. guarnteed returns at guaranteed pay out schedules. i take ss in 2 years and i sleep like a baby. let the MARKET, THE ECONOMY, AND THE WORLD DO WHAT THEY WILL. sometimes i wonder if these kids just want to cattle chute us into programs and ''ramsey backed'' FA's that fatten their ''passive income''.
This video is very confusing to those new to saving and investing -should be re-done. Passive income is: interest income, yet it’s also rental income, investment income through dividends and capital gains.
please i'm begging your team, can you please add video chapters to these videos with LISTS? please. For example, when she's talking about Passive Income#1, there's a time stamp right where she starts talking about it that we can jump to. You don't even have to spoil what they are in the chapter titles. It would be super helpful
Putting well-earned money into the stock market can't be over emphasised for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $2M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me?
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $175k to $450k despite inflation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *Julianne Iwersen-Niemann* for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I always love your advice Rachel, I am doing all of these things except the index fund investing which i plan on doing in 6 months when my house is paid off.
Okay correct me if wrong but is recommended to start investing after you are debt free and have your emergencies funds are done right? So baby step 4?😅😅
Given you are adamant against using credit cards, are you comfortable investing in those companies you despise? Should you hold investments in Visa and Mastercard when you disagree ethically and morally with the services they provide? How do you reconcile the conflict?
I have this problem too. I cannot bring myself to invest (support) Vanguard & Black Rock as they are wrecking the country with their greed. Ditto credit card companies and Big Pharma, Big Tech etc.
Most people dont pay off credit cards before the billing cycle. 23% interest is a lot. When i was young i was dumb to pay creditcard interest. Now that am older i make money off those credi cards. Until we learn to be disciplined, better not to use credit cards.
Yes, the TFSA is a good vehicle, but you need to be wise in its use. You can have similar dangers with risky investments in this account, so you need to make sure you know what you are doing, but any gains in this account are completely tax free.
If you have a substantial amount of money that you don’t need right away, a CD is a quick way to earn some monthly income. There are many short term CDs - like a 3 month, or a 6 month - where you don’t tie up your money for a long time. Some banks have also high yield savings accounts, so you can make some money while your money is sitting there.
This is great and all but how do I get a high-yield savings account? Do I just walk into my local credit union and tell them I want to open a high-yield savings account and fill out paperwork and give my information and thenpoof, it's done and I start earning?
Google banks with HYSA. Choose one and open up a savings account. I use Amex. Set up an account and choose where to wire your money from (like your current bank) or direct deposit into that savings account.
Rachel I have a Money market account with my credit union that yields about 5% return. I also have a high yield savings account account at about the same rate of return. Can you help or maybe do a future video on difference between these two or advantage or disadvantages between? They seem very similar return wise… thank you! Love the power of Pink! Great color on you
These days they're basically the same. It used to be that money market came with checks and a debit card, though you were limited on how many withdrawals you could make each month. A savings was tied to your checking account and you would have to call or go to the branch to move money over to checking in order to use it. With online banking and auto transfers now, there really isn't a difference and the Fed got rid of withdrawal limits a couple years ago.
This is informative for people who are unfamiliar with these types of accounts and investing, but do you do them all or just pick a couple. I mean you can't have your money spread so thin in each above option that you barely see any gains on anything. Example you got like 200 bucks a paycheck to invest if that went to a high yield savings account thats seems reasonably enough over time, but if you invest in all 6, your only get about 30 bucks for each investment. I guess you'll slowly see gains eventually, but my point mainly is, is one better then the rest to see faster gains?
The old days, the emergency fund was there ro have for immediate need and interest didn't matter. Now Ramsey Solutions is promoting a HYSA that may take days to transfer funds and are not local. Why the change?
It depends on what money you are using. If you’re thinking long term, it’s better to invest in an S&P 500. If it is your emergency fund, it’s best to have it in a high yield savings account, that way you have access to it without penalties. Personally, I don’t love CDs.
I like CDs right now with market at all time high. I've been laddering CDs since January with money becoming available each month for next 14 months so I have plenty money to put in market on pullback. I'm not DCAing in market right now with any money outside of small % I'm putting in 401k. I've been buying TLT in tax sheltered account in preps of rate cuts later in year amd been adding to reits like O and vici on big red days.
IRAs, Mutual Funds, 401K, are NOT “different ways” to make passive income. They are all the same, only BASKETS where the fruits are placed. You can have all three, and have the same apples in all three, those are NOT different. This is why I dislike “personal finance” advisors having the audacity to give investment advise…
To be successful in markets, investors should understand that the crypto market is highly profitable with a professional broker who understands crossover between asset classes & liquidity flow. Like Mr Charles Lucas focuses who on Multi-asset trading, a single strategy to manage risk, profit.
It depends, did you start contributing to your Roth early in life? Is maxing out your Roth 10% of your pay? Is there anything else extra money needs to go to first? (Emergency fund, high interest debt?)
I never thought I'd be sad to see interest rates go down but I will miss the 5.25% interest on my high yield savings account when the Fed cuts the rates. Had a good run though...
I get a bit over 6% on my first $1000 at the DCU credit union, but it is pretty much impossible to get that rate on more than a limited amount of money.
To achieve a secure retirement, aiming to save at least 15% of your income in a 401(k) is advisable. Online tools can assist in calculating the best savings strategy for you, considering factors like age and income. Consistently saving this percentage can help build your retirement fund effectively, thanks to the benefits of compound interest.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@ChrisDERUNNER Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
You dont need an emerency account just put the money in a money market account then transfer 50 to 75% into high growth shares depending on your situation ! And do this every pay day ! And if you credit card ! Put into that first !
You missed a lot, it can be advisable if you live in an area prone to natural disasters to keep your $1000 in cash. Also if you still have a home loan, having offset accounts to keep your emergency fund and college savings in can “earn “ you more money depending on your interest rate through lowering the amount of interest charged for the loan.
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
Hello 👋👋 I have 2 Passive incomes Agricultural Land on Rent MY 3 bedroom house 🏠 on Rent Only 1st floor 😊 Physical Gold Bullions Stacking policy 😊 Long Term Investment 😊 No bank Account only Active income Salary Account only 😊
$1,000.00 emergency starter fund?!?!?! With todays inflation and the cost of everything through the roof…you might want to have a starter fund of $10,000.00!!!
1) Regular savings account.
2) HYSA.
3) Mutual fund.
4) IRA.
5) 401(k)
6) Index fund.
Unfortunately, this is the most basic of the basic lists of passive income.
Thank you for confirming what I thought when reading the title of this video
Thank you for saving me 7 minutes and 44 seconds
This is a weird list. Mutual Fund and Index? Why both?
Barely counts as any type of passive income. This is a sad list ...
Thank you, saving me this 8 minutes
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my second house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Elizabeth Messer for helping me achieve this.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.
You trade with Elizabeth Messer too? Wow that woman has been a blessing to me and my family.
she's mostly on Telegrams, with the user name.
@Annmesser15 that's it...
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
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 email shortly.
I feel like this is a weird list. Mainly because the way it's worded. A Roth IRA, IRA, and 401k are vehicles to invest, and you can invest in mutual funds including index funds within those accounts. They aren't necessarily completely different. If you open an IRA and just park money in it, it's not doing much for you. You have to choose what you are investing in within your IRA. So, to me, it would make more sense to not have mutual funds (including index funds) on the list separately because they are used in 401ks, IRAs, and other investment accounts. Also, I think CDs should be on the list right after high yield savings accounts.
Anything that has the word "retirement" in it to me is not passive income. Assuming your IRA is not invested in individual stocks, dividends are usually reinvested and reflected on annual returns. Passive Income is anything that can increase cash flow without any labor on your part that you should have instant access to. HYSA, CD's, Dividend Stocks and Bond Interest via Brokerage Accounts are some basic examples. Dave may not like to call Real Estate passive income but you should invest in REIT's and that can effectively yield the same cash flow with no landlord responsibility. Credit Card rewards are technically rebates and Dave hates those but when you put all your needs on a card pay it off on time and reap cash rewards, that can be a hefty passive income stream as well.
i hear ya. got out of the market 3 years. i did fine, but hated the roller coaster.
HYSA? really? i dropped 200 k from my cash out in various cd's at 4.75-5.25 %.
guarnteed returns at guaranteed pay out schedules. i take ss in 2 years and i sleep like a baby. let the MARKET, THE ECONOMY, AND THE WORLD DO WHAT THEY WILL.
sometimes i wonder if these kids just want to cattle chute us into programs and ''ramsey
backed'' FA's that fatten their ''passive income''.
Yep as soon as she said the third type of account is a mutual fund I thought, "that's strange because it's not really an account type."
This video is very confusing to those new to saving and investing -should be re-done. Passive income is: interest income, yet it’s also rental income, investment income through dividends and capital gains.
please i'm begging your team, can you please add video chapters to these videos with LISTS? please. For example, when she's talking about Passive Income#1, there's a time stamp right where she starts talking about it that we can jump to. You don't even have to spoil what they are in the chapter titles. It would be super helpful
Dave doesn't take advice from us poor peasants
Putting well-earned money into the stock market can't be over emphasised for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $2M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me?
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $175k to $450k despite inflation.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *Julianne Iwersen-Niemann* for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website… thank you for sharing
*DONALD NATHAN SCOTT.*
Newer investor here. Just wanted to say thank you for shedding light on this!
I always love your advice Rachel, I am doing all of these things except the index fund investing which i plan on doing in 6 months when my house is paid off.
For someone like me, EXCELLENT video!!! Thank you!!! ❤
The S&P 500 is a mutual fund right? Also between it and individual stocks which is a better source of passive income and more profitable
Depends on the individual stock
Can you do one for Canada?
Fantastic video, thanks for keeping us financially updated. I hit another $32k today day trading all thanks to my Guru
Ohh yeah, that was possible with the help of my Guru Jenifer Spencer ❤
She's a licensed broker and entrepreneur from the state
The best strategy is starting with a professional coach, as a beginner who knows little or nothing in forex market
Wow I'm stunned someone just mentioned Jenifer Spencer, I actually thought I'm the only one working with her
You don't have to be amazed, there are a lot of people working with her. I'm one of her client from Texas
Okay correct me if wrong but is recommended to start investing after you are debt free and have your emergencies funds are done right? So baby step 4?😅😅
Given you are adamant against using credit cards, are you comfortable investing in those companies you despise? Should you hold investments in Visa and Mastercard when you disagree ethically and morally with the services they provide? How do you reconcile the conflict?
@@anthonymejia2481you mean they would not invest? Those companies were one the list she presented.
I have this problem too. I cannot bring myself to invest (support) Vanguard & Black Rock as they are wrecking the country with their greed. Ditto credit card companies and Big Pharma, Big Tech etc.
what does that mean, 'they would not' ?@@anthonymejia2481
Most people dont pay off credit cards before the billing cycle. 23% interest is a lot. When i was young i was dumb to pay creditcard interest. Now that am older i make money off those credi cards. Until we learn to be disciplined, better not to use credit cards.
In Canada TFSA is good to save in right?
Yes but you have to make investments/savings within that account
Yes, the TFSA is a good vehicle, but you need to be wise in its use. You can have similar dangers with risky investments in this account, so you need to make sure you know what you are doing, but any gains in this account are completely tax free.
Yes, i love my TFSA… but yes, invest not just park money in it… open a wealthsimple account and buy index funds.
What's the best way for people over 65 to earn passive income after retirement?
Onlyfans 😂 lol just kidding, my grandmother does quilting but I think a 4 laddered 1 year cd is not bad right now
If you have a substantial amount of money that you don’t need right away, a CD is a quick way to earn some monthly income. There are many short term CDs - like a 3 month, or a 6 month - where you don’t tie up your money for a long time.
Some banks have also high yield savings accounts, so you can make some money while your money is sitting there.
Most advisors recommend 2 years of expenses in cash, and then a 60/40 split of 60 % bonds or CD’s and 40 % riskier investments such as shares
Does anyone recommend a specific bank to open a high yield savings account with?
I've been with synchrony for a long time I'm happy with them
Marcus , Sofi
UFB is good. I'm getting 5.25% interest rate
I have Marcus for 2 years. So far so good 🙂
Great video!!
This is great and all but how do I get a high-yield savings account?
Do I just walk into my local credit union and tell them I want to open a high-yield savings account and fill out paperwork and give my information and thenpoof, it's done and I start earning?
Google banks with HYSA. Choose one and open up a savings account. I use Amex. Set up an account and choose where to wire your money from (like your current bank) or direct deposit into that savings account.
Most are online
Ally is paying like 4.25 apy right now
Rachel I have a Money market account with my credit union that yields about 5% return. I also have a high yield savings account account at about the same rate of return. Can you help or maybe do a future video on difference between these two or advantage or disadvantages between? They seem very similar return wise… thank you!
Love the power of Pink! Great color on you
These days they're basically the same. It used to be that money market came with checks and a debit card, though you were limited on how many withdrawals you could make each month.
A savings was tied to your checking account and you would have to call or go to the branch to move money over to checking in order to use it. With online banking and auto transfers now, there really isn't a difference and the Fed got rid of withdrawal limits a couple years ago.
Why didn’t she mention ETFs, which usually have lower fees than mutual funds?
This is informative for people who are unfamiliar with these types of accounts and investing, but do you do them all or just pick a couple. I mean you can't have your money spread so thin in each above option that you barely see any gains on anything. Example you got like 200 bucks a paycheck to invest if that went to a high yield savings account thats seems reasonably enough over time, but if you invest in all 6, your only get about 30 bucks for each investment. I guess you'll slowly see gains eventually, but my point mainly is, is one better then the rest to see faster gains?
The old days, the emergency fund was there ro have for immediate need and interest didn't matter. Now Ramsey Solutions is promoting a HYSA that may take days to transfer funds and are not local. Why the change?
Why not include dividend stocks?
good and safe ideas
Is CDs considered a way of earning passive income ?
Yes.
Do you recommended CD?
It depends on what money you are using. If you’re thinking long term, it’s better to invest in an S&P 500. If it is your emergency fund, it’s best to have it in a high yield savings account, that way you have access to it without penalties. Personally, I don’t love CDs.
I like CDs right now with market at all time high. I've been laddering CDs since January with money becoming available each month for next 14 months so I have plenty money to put in market on pullback. I'm not DCAing in market right now with any money outside of small % I'm putting in 401k. I've been buying TLT in tax sheltered account in preps of rate cuts later in year amd been adding to reits like O and vici on big red days.
@@brianhall2525you can find a high yield savings account that close to a CD’s rate, without having your money tied up.
Thanks for your opinion. I needed this.
I can't believe I never knew that high yield savings accounts existed. I wish I would have known sooner!
There are income restrictions for Roth and Traditional IRAs.
DCU credit union pays 6% on the first thousand
IRAs, Mutual Funds, 401K, are NOT “different ways” to make passive income. They are all the same, only BASKETS where the fruits are placed. You can have all three, and have the same apples in all three, those are NOT different. This is why I dislike “personal finance” advisors having the audacity to give investment advise…
I trust her and her wealthy team more than whatever a person commenting to this has to say.
I wouldn’t do a regular mutual fund
Not unless it’s tax deferred
Unfortunately, for a Muslim like me, we can't use interest.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 7k in August 2023...
How did you do it? Do explain please 😯 My family have been into series of sufferings lately.
To be successful in markets, investors should understand that the crypto market is highly profitable with a professional broker who understands crossover between asset classes & liquidity flow. Like Mr Charles Lucas focuses who on Multi-asset trading, a single strategy to manage risk, profit.
I have heard a lot of wonderful things about Charles lucas on the news but didn't believe it until now. I'm definitely trying him out.
Doubt you made that much so quickly
Sure you did, bot.
my company has a 401k but they do not match. I have maxed my roths every year. should i still be contributing to a 401k
If you have extra money it probably would not hurt to contribute to one. It will just be all the more money during retirement.
It depends, did you start contributing to your Roth early in life? Is maxing out your Roth 10% of your pay? Is there anything else extra money needs to go to first? (Emergency fund, high interest debt?)
I never thought I'd be sad to see interest rates go down but I will miss the 5.25% interest on my high yield savings account when the Fed cuts the rates. Had a good run though...
This is not what people mean when they are searching for passive income ideas.
I’m looking for passive income TO invest lol
Clickbait.
Where is the 6% High Yield savings account.
It's offered by the same people that Dave gets his market beating 12% return mutual funds from.
I get a bit over 6% on my first $1000 at the DCU credit union, but it is pretty much impossible to get that rate on more than a limited amount of money.
Minimum amount needed to start investing?
Rachel, c’mon 😂😂😂 we have seen your dad rant over “there’s no such thing as passive income.” Stop the clickbait sheesh
Rachel surely isn’t her father. She happens to be smarter than her dad.
@@better_together-w4m she sure is. She repeats what he says so the money keeps flowing
IRS is watching you!
To achieve a secure retirement, aiming to save at least 15% of your income in a 401(k) is advisable. Online tools can assist in calculating the best savings strategy for you, considering factors like age and income. Consistently saving this percentage can help build your retirement fund effectively, thanks to the benefits of compound interest.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@ChrisDERUNNER Who is the professional who is advising you, if you could perhaps tell us? As a novice investing in stocks without the correct direction of a professional, I have lost a lot of money.
HSA!
You dont need an emerency account just put the money in a money market account then transfer 50 to 75% into high growth shares depending on your situation ! And do this every pay day ! And if you credit card ! Put into that first !
So never use debt unless you’re the lender and receive interest. Got it.
You missed a lot, it can be advisable if you live in an area prone to natural disasters to keep your $1000 in cash. Also if you still have a home loan, having offset accounts to keep your emergency fund and college savings in can “earn “ you more money depending on your interest rate through lowering the amount of interest charged for the loan.
Buy businesses and own them but don't be a CEO.
These are hardly considered Passive Income Ideas, a Savings Account ? Give me a break
What about CD's?
Yes I want info / opinions as well.
Cruze thy name is click-bait
O.k.
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
It's amazing that you got to know her. she has been a blessing to me and my family.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
It will be really great to know more
😘😊
Hello 👋👋
I have 2 Passive incomes
Agricultural Land on Rent
MY 3 bedroom house 🏠 on Rent Only 1st floor 😊
Physical Gold Bullions Stacking policy 😊 Long Term Investment 😊
No bank Account only Active income Salary Account only 😊
Invested in 401k for years. Took out maximum. After all done got laid off and handed a check from my closed 401k for $87.00.
I started collecting trading cards and then my wife cheated on me.
Low quality vid
$1,000.00 emergency starter fund?!?!?! With todays inflation and the cost of everything through the roof…you might want to have a starter fund of $10,000.00!!!
$1,000 is where to start for those who have zero savings. After that they're to work toward 3 months of savings.
I was thinking the same thing. People keep saying 1,000 isn’t enough and then saying they personally have zero.
Awful....
Grueling to listen to this; slow and tedious.