Hitting $100K shifts your mindset you begin to see wealth-building as achievable. This motivates you to maintain and scale your efforts, whether through better financial decisions, disciplined investing, or taking calculated risks.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Working with a financial advisor has been a game-changer for me. They provide invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
My CFA SOPHIE LYNN CARRABUS 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..
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
My CFA ’Amy Desiree Irish’ , 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 used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.
Experienced the same thing. The financial counselor we met with last year told us, "Guys, you've already made it," even though my spouse has retired. Stop delaying enjoyable activities in life.
I completely agree. I'm 54 years old and recently retired with roughly $1.8m in outside retirement funds, no debt, and very little money in retirement funds relative to the total value of my portfolio over the past 3 years. To be honest, the Fin-advisor's role can only be downplayed, not dismissed. Simply try to identify a reliable one. Spending money on possibilities and things that might not exist much sooner than we realize is completely different from wasting it. As you said, being value-conscious is essential.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Rebecca Noblett Roberts” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Since the epidemic, the economy has taken out much of my assets, despite my best efforts to save money, contribute to early retirement, and achieve financial independence. In these volatile times, I want to know if I should keep adding to my portfolio or if I should explore other sectors.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a Financial Consultant or other professional for advice.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. 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 $235k to $690k despite inflation.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
I retired at 53 now, 55. I have close to a six-figure portfolio, 70% income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc. I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?
My 401k went 100% in the S&P 500 when I started working in 1989. Left 100% alone till 2007 before it went to 666. Because of my 17 years in the 500, I was able to retire this year with $683k in the 401k (and a pension and rental income). There is no other way to retire before you are 70.
Absolutely! Wealth is made in growth investing . We aren’t in a bear market, but nibbling heavy red days has proven to be fruitful for me over 9 years of investing. I am at 2.25 mil. Biggest positions PLTR, TSLA, SCHD, NVDA, and now looking to build up DRGO alongside finding quality value/growth stocks to buy. I got $48k divs last year in taxable divs. Q3 taxable divs this year was $18,388 this year. Don't sell when the market is down. Having a skilled CFA that puts the time in to do in-depth research can be invaluable in strategizing your portfolio.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
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 $275k to $850k despite inflation.
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
Finding financial advisors like Kenna Muriel Hesseling, 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.
Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
@@IngoKociper On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial planner who devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $260k since then.
@@HopesKruses Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@amolejoshua7452 The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
Wow! This is just mind-blowing. I have set aside $480k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.
My CFA ’Melissa Terri Swayne’ , 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 am going to look her up right away on web, I have about $220k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I’m pretty young and just started my portfolio with around $80K. Dividends drew me in right away! Slowly trying to create significant passive income and manage my Stock Portfolio. how do I invest to deal with markets ups & downs
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
A wise individual understands that accumulating wealth necessitates prudent investments and informed guidance in the financial market, particularly during a stock market crash. While the stock market presents opportunities for maximizing profits, successfully navigating it requires skill and expertise.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Vivian Jean Wilhelm turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Awesome, George! You just told the story of my life. At 26 I had ZERO $ to my name. I flipped the switch at 27. Just passed 2 mil in my 50’s. Compound interest is indeed a wonder!
@Lexusupra , if your income is less than $161k single, $240k married open a Roth IRA. Max it out. If you are unsure what to invest in. S&P 500 index fund is a safe bet. (Warren Buffet famously challenged any hedge fund manager to beat the S&P 500 in a bet, and won.) Then start learning about mutual funds etc. After the Roth IRA a traditional tax differed retirement account is the next best option. Again, in that retirement fund you can invest in an S&P 500 index with low fees, (less than 0.04%) If you max out both, then open a regular brokerage account. Again, not bad to toss money in an S&P500 index until you lean more about investing. Just starting is 90% of the battle.
here is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have.I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
A lot of folks downplay the role of advlsors 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
Elisse Laparche Ewing 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..
I'm an amateur with a portfolio of 40k but it's hard for me to build confidence. I really want to hit the 100k mark soon. I want to invest another 20k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
This is the first real comment I’ve found, like 50 down. I was hoping to see some information from people talking about how much they invest at what age everything. But wow this is bad
Yes, I've noticed. They do it clever too: the will show you an enticing comment and then you'll click on the replies and there you have it: the name of the "financial advisor".
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Lucinda Margaret Crist is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
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 decent returns
Proper research, good analysis and luck is what you need to make profit in this constant market decline. It's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
My CFA ’Monica Shawn Marti’ , 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.
Just reached 21.000 after 1 year of savings and now 3 months of steadily investing in ETF. Can't wait to reach 100k. Zero debt , zero credit card ever. Piano teacher
First hit $100k in early 2020, that covid dip really hurt at the time. 4 years later that dip is barely noticeable on the long term chart and we are well over $300k with increased contributions in recent years. Keep grinding out there! ABB - Always Be Buying!!
I deal with an investment advisor for this reason. I currently have over $70k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons under guidance. Our current project for this year is a more concrete ballpark target this year.
hello James, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
My CFA ’Rachel Sarah Parrish’ , 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
@@frederickvalencia4976 Especially if you have a minimum wage or a bit higher job. Putting over $700.00 a month away is impossible when you can't even afford rent.
The first 100k for most people is just their starter home equity plus maybe $30k in savings. Building the savings muscles is hard at first, but maintaining the muscles is easy.
I recently started my own investment too with a portfolio of 70k but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
My wife and i (mid 30s) just did our net worth calculation and were astonished to find out that combined we're net worth millionaires, with ~450k in retirement/investments. Years of driving 20+ year old cars with multiple shades of paint (or as i called it, "custom" paint jobs) and knocking out $170k in student loans literally paid off. To people going through the struggle, take it step by (non trademark) baby step. You'll get through it. Its worth it.
I'm 42 with $997k in my 401k. I started working full time right out of high school. I'm still with the same company. I've been in their 401k plan since I was 18. I contribute 10% and get a 4.75% company match. My f/a who isn’t very traditional taught me that compound interest is you best friend. The sooner you start, the better off you are. I didn’t feel the need to mention the roi on brokerage account used under guidance of Monica but surely get a partner.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
This is very true. At 37, I recalled how difficult it had been before I reached the $100k milestone. It didn't take me long to reach my goal of having over $2.8 million in my retirement savings alone at the age of 56 after subsequent shares. I would have more today if I started sooner. If you're not sure where to seek, start by speaking with an experienced strategist. Best of luck
I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons under guidance. Our current project for this year is a more concrete ballpark target this year.
I've got £100k to invest. I want to build a nest egg for when I'm older. I want to know if it's a good idea to add all my savings into a long term ETF, set and forget Come back in 20-30 years, instead of 250-300 DCA every month. Which ETF would you recommend?
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed within a short period.
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
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AMBER KAY WRIGHT” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors 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.
Elisse Laparche Ewing 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..
There's nothing wrong with taking profits. You should avoid falling in love with a stock. I had a friend that was heavily invested in Tesla. When it hit $400 in 2021 I advised that he sell as it was clearly overvalued. He refused thinking it was just going to keep going up. That turned out to be it's peak. It's at $178 today.
It does matter. I kid you not... Once you get 100k you will lay down in bed at night and think, you are gaining real money, right now, doing nothing. The more you have? The sweeter the gains. If you told me this 10 years ago, would not have believed it either.
I've tracked my net worth for 3 years now. Went from $339k to $423k to $565k. So in a time that we earned $315k, our net worth went up $226k. Hope to hit $1 million by 2027!
I'm 30 with a net worth of about 400k. About 138k of that is investments, including retirement. We've been doing this long enough that about half of the 138k is interest we've earned.
@@TheSp3cial0ne Nice job guys! I'm 30 and 150k in debt lol. But I am about to switch jobs. I have a poli sci degree, MBA, and accounting degree. I am a school teacher making about 50k and I just got offered full time accountant job for 65k with some promised raises. I'm almost out of credit card debt and will start working on auto loans next.
Nice. Keep at it. You'll be an everyday millionaire in no time. We hit $300k invested this year (I'm 40) also looking to pay off my wife's nursing school this year. Then we can save like crazy.
Fantastic job. I'm 33, still playing catchup. Only about $200K networth (50% taxable brokerage, 35% retirement, 10% cash, & 5% my car), like 10-12% is actually from its growth. My car's depreciation took away a couple percent. My savings rate has been solid but the growth on the market really hasn't been great.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@SantiagoWyatt- The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@LilyClark-g3q However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
If you have 200k in investments and still feel poor, you are not really poor. You are entitled and your expectations are way too high. First world problems!
Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Coin that will align with my risk tolerance and financial goals
Opting for an inves-tment advisr is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
She goes by ‘’Lauren Marie Ehlers'’.... I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial-Advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist.
Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors 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
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
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial market
I lost over $80k 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 Charlotte Grace Miller.
Then, should those of us who are over 50 but have less than a million worry? I worry that I'm getting close to retirement because I only have $500k in my Roth and I have no idea how to build it.
A few years ago, I found myself in a similar situation. I had anxiety all the time. My worry vanished after I made the decision to begin working with a financial counselor and began to get large monthly profits.
Well, that's also my answer, even though I'm not retired. I've been relying on a fiduciary to handle my portfolio for the past seven years because, as a contractor, I don't have much time to research assets. I have expanded my portfolio by up to 300% and been able to navigate market volatility with greater effectiveness thanks to this method. You could think about taking a similar tack.
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
I lost mine through my investment even since i don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
The best course of action if you lack market knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Working 2 full time jobs helps get you there quicker. You’ll have no family life, but I don’t have a family and I often think of how hard it would be to have a family life homeless and starving in my 60s. Get the money first. Another life hack is to dump more money into your stocks (I’m all index funds all the time) during a Republican administration- guaranteed to crash the economy and bring the market to intradecade lows.
Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard 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.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
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.
She's known as a 'MICHELE KATHERINE SINGH'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations. I really appreciate your videos
I'd really like to get into crypto Investing. I have about $145k set aside, but I don't know anything about this market. Would you please provide the best approach to make money as well as a trustworthy resource for advice? Your help would be greatly appreciated.
Still regret that I sold my bitcoin early last year, even after my colleague insisted we shouldn't. Please Is Bitcoin still a safe buy to outperform the market this year? I still kept my money in the money market and with over $120k maturing soon, I plan investing well in it. Here for ideas
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Deborah Davis. A widely known crypto consultant
Impressive video coverage traders show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. Their dedication to continuous learning is inspiring. I'm especially grateful to Eugenia Eiland, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
Literally Just Found her website easily it was like the first thing that came up when I searched on her name and also her mail address I will surely touch bases with her to see what's the best step for me to take rn. Thanks for sharing really do appreciate
Mr SAM DEYMON /Courses It’s an opportunity to learn a lot of concepts relating to Stock Market, Mutual Funds, F&O etc. in a systematic, simple and fun-filled manner!
There are so many ways to get something like this done , what’s really important is finding the right person for it , I hope you become successful in trading.a good trading system would put you through many days of success.
From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family.
Yes!!! That's exactly her name (Bridget Denison) so many people have recommended highly about her and am I just starting with her from Brisbane Australia🇦🇺
Once you get old and have a lot invested and your net worth goes up (and down) $500,000+ a year is still insane and hard to accept as a regular person who was not rich before.
But where are you parking the cash to earn that compound interest? Into high yield? 401k? Mutual funds/etf? Regular contributions to where? Does 401k count as investment?
Invest the contributions into an index fund that tracks the S&P 500 or even a target date retirement fund, you’ll get similar returns but it does all the asset allocations (diversification) for you. Closer to retirement, your investments will look a little different than just one index fund, but it’s just an example. The 401k is just an account it all sits in. When he says “compound interest” he doesn’t mean the normal interest you’d get from a bank at a static 4% or something. It means the index fund/investment price going up over time and reinvesting dividends. The market is generally always going to go up so investments bought a long time ago have had a longer time to increase in value and be worth way more than what you bought them for originally. That’s why it’s important to make consistent contributions over a long period of time for, in this case, retirement.
To answer your specific questions: The cash is not “parked” anywhere. It’s invested into something like an index fund within the 401k or IRA (individual retirement account), an account you can set up with any normal brokerage for retirement. A high yield savings should really only be for an emergency fund or preplanning future purchases since the access to cash is easily available and not tied up in a stock that has to be sold. The 401k is an account provided by your employer where you save for retirement, it is not an investment itself. You have to do the investing inside of it. I’d suggest watching a video about the differences between mutual funds/index funds/etfs. It’s kinda wordy but the principle is investing the cash into one of these funds because of the low fees. Make regular contributions to whatever retirement account is for you (401k or IRA) and invest the money into something as mentioned above. I hope this clears things up. Seemed like there was some confusion surrounding all the terminology.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Taylor
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has be super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
I started working post law school for the first time… while still on food stamps. In 2.5 years, I have about 120,000! I’m hoping to get this rocket ship to wealth by slipping the low return years and prioritizing those first 300,000 of gains!
Helps that by the time you get to $100k your income is usually higher too. Helping save faster and faster. When we hit $100k invested we were at $60k household income. That first $100k took us over 10 years. At $200k invested were hitting $130k income. Took 5 more years. This year we hit $300k invested and our income increased to $240k. We are going to save hard after hitting debt free this year. Planning to save $100k a year, push towards that first million. Lets do this.
Where did you invest? I’m just trying to learn where or how do I begin so I can start the journey of compound interest. I am 24 and have saved some money, I just do not know clearly where everyone seems to know to put their money. It just says S&P 500 but I don’t understand what that means
@@Lexusuprafirst you need to open a brokerage account, then look up s&p 500 index funds and exchange traded funds or ETFs. S&p 500 index fund is where I would start and just buy some weekly.
@Lexusupra I max 401k with fxaix (fidelity 500 index, closest to S&P 500) for both me and my wife. I bought 2 houses, bought bitcoin but sold it at 70k. Park all cash outside 5k in checking in 5% CDs. 350ish is in investment, 200k in home equity
I’m 33 just got out of debt and just hit 100k in investments. I might be behind compared to my peers but I’m happy and satisfied to be debt free and only focus on investing
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.
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.
Funny story - I interviewed a guy that owns a winery in Temecula, California. It was lavish. I finally asked him - with all due respect, how did you get the money to build this place? He laughed and said from working in infomercials. I said - you acted in infomercials? He said no - I came up with and trademarked the phrase: "But wait... there's more!"
Compound interest is amazing. I had about $370k in my 401k just last Thanksgiving...I hit $460k early this month. I'm currently working on being debt free where I can invest half of my income.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
First hit $100k in early 2020, that covid dip really hurt at the time. 4 years later that dip is barely noticeable on the long term chart and we are well over $300k with increased contributions in recent years. Keep grinding out there! ABB - Always Be Buying!!
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
I agree, that's why I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far.
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
Can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@ikolimariam4871 However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
I started working with Miss Walter after I got a loan from a friend and now after receiving profit, I paid my friend and put back my earnings over and over again. I must say she's a very transparent and an honest personality
Just reached 21.000 after 1 year of savings and now 3 months of steadily investing in ETF. Can't wait to reach 100k. Zero debt , zero credit card ever. Piano teacher
@wadeharris348 I live in France, it's in no way cheap ( my taxes + rent take 35-40% of my salary ) but I manage to save a huge part and still go on trips and holidays every 1.5 month for a few days . I'm frugal by cooking almost always at home, and don't buy stupid clothes to look rich
A fun thing to see in our path to retirement, It was just one point in time where I happened to look, was growth in our accounts started to exceed our contributions.
Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it
@RoryAidanYou can make a lot of money from the market regardless of what occurs, whether it strengthens or crashes. The key is to be well positioned, and that's what matters most.
George, do you have a "what should your net worth be at 50?" I'm 47 now, and believe I'm doing well from starting early with Financial Peace University in 2003 ~ 2004, but would like to see a video for your target ideas. I could find your videos for a 30 or 40 year old, but didn't see the series continue. Thanks.
Damn where can I get a consistent 10% return on investment? The compounding interest phenomenon is undoubtedly true, but I’d suggest anyone actually modeling compounding interest to use 7% to account for big swings in the stock market and extend timelines accordingly.
The 10% number is based off decades of historical data on the S&P 500. It’s not going to be every year you get 10%. Some years it might be 20% and some it might be 3%. It’s primarily used for long term investing to predict your returns, like a few decades of holding. When it’s all said and done it’ll be around 10-12% per year on average.
@@TheSnappyoThere are events in the real world that reflect those numbers. The growth of the US Empire and its economic influence on a global scale. It is still a gamble on what those returns will be in the future. I am invested in the stock market but I still have a Plan B if we have significant issues as a nation, like a break up or higher taxes on capital gains.
im already blown away with how much growth its gone through. Its not very much BUT my younger self wouldve been proud. thank you for the amazing video!
I'm 49. Net worth is at 1,950,000. Got divorced 3 years ago and lost 65% of my assets due to equitable distribution as dictated by today's family law. Have been rebuilding ever since.
As they say, a marriage contract is the biggest financial decision of your life. I trust no one. I am the one who manipulates, not the other way around. If I ever decide to marry, let me tell you, there will be no document or contract that will steal from my net worth if someone "feels like it". You should have learned from the mistakes of others. The worst possible thing to do is to sign a contract with a 55% failure on average gambling 65% of your net worth. I am extremely curious, why did you do that? Seems something so illogical to do, how do you decide to sign that?
That starter number is the GROSS average (mean) US income for Q4 2023. Accounting for taxes, our example person's actual income is closer to $47,000 depending on the state they live in and their circumstances. It's pretty unhelpful for a personal finance explainer to use gross numbers and seemingly ignore taxes.
The first 100k seems to be so hard for some because you're basically still setting up a foundation for your portfolio to stand on and then the latter comes easier since now you're familiar with diversity ,where to place your funds. I made my first million from going diverse, mainly blue chip stocks. high value etfs, S&P500 and coins ..with the help of my F.A Dianne Sarah Olson handling my portfolio it's been a year of steady growth.
Smart, I must commend you because etfs will keep making you solid profits through compounding while the other stocks pays monthly although advantageous you must've started big
Nice, you're a good guy for taking your time to properly explain this, i reached out to your FA also through her web and her responses were articulated. I'm more confident working with her now
I need to work very hard and i also think i need to work with this IA you talked. about because i haven't hit the 100k mark at all. I haven't even scratched the surface yet lol
These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
You are right! I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.
I lost over $80k 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 Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
victoria flores was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from victoria Flores.
Learning the concept of compound interest it literally the most important thing to learn. It can be used to make you rich, or it can be used punish you severely.
Hitting $100K shifts your mindset you begin to see wealth-building as achievable. This motivates you to maintain and scale your efforts, whether through better financial decisions, disciplined investing, or taking calculated risks.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
Working with a financial advisor has been a game-changer for me. They provide invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Could you kindly elaborate on the advisor's background and qualifications?
My CFA SOPHIE LYNN CARRABUS 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..
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks..
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
My CFA ’Amy Desiree Irish’ , 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.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
I used to work as an investment advisor. The advice presented in the video is excellent and holds true for the average American. While it's a fact that money can't directly buy genuine happiness, it does provide the means to access experiences that can lead to happiness. However, for individuals with a substantial portfolio, say around $5 million, if you observe closely, you'll find that most people in their 70s are still quite active (I live in LA), but by the time they reach 80, their activity levels tend to decline. So, it's essential to enjoy life at some point before it's too late. That enjoyable vacation might well be the experience that brings comfort in your later years. It's important to distinguish between spending money wisely and squandering it. Be prudent in your value-conscious spending.
Experienced the same thing. The financial counselor we met with last year told us, "Guys, you've already made it," even though my spouse has retired. Stop delaying enjoyable activities in life.
I completely agree. I'm 54 years old and recently retired with roughly $1.8m in outside retirement funds, no debt, and very little money in retirement funds relative to the total value of my portfolio over the past 3 years. To be honest, the Fin-advisor's role can only be downplayed, not dismissed. Simply try to identify a reliable one. Spending money on possibilities and things that might not exist much sooner than we realize is completely different from wasting it. As you said, being value-conscious is essential.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Rebecca Noblett Roberts” 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.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Since the epidemic, the economy has taken out much of my assets, despite my best efforts to save money, contribute to early retirement, and achieve financial independence. In these volatile times, I want to know if I should keep adding to my portfolio or if I should explore other sectors.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a Financial Consultant or other professional for advice.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. 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 $235k to $690k despite inflation.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I retired at 53 now, 55. I have close to a six-figure portfolio, 70% income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc. I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?
My 401k went 100% in the S&P 500 when I started working in 1989. Left 100% alone till 2007 before it went to 666. Because of my 17 years in the 500, I was able to retire this year with $683k in the 401k (and a pension and rental income). There is no other way to retire before you are 70.
Absolutely! Wealth is made in growth investing . We aren’t in a bear market, but nibbling heavy red days has proven to be fruitful for me over 9 years of investing. I am at 2.25 mil. Biggest positions PLTR, TSLA, SCHD, NVDA, and now looking to build up DRGO alongside finding quality value/growth stocks to buy. I got $48k divs last year in taxable divs. Q3 taxable divs this year was $18,388 this year. Don't sell when the market is down. Having a skilled CFA that puts the time in to do in-depth research can be invaluable in strategizing your portfolio.
Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Amy Desiree Irish ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
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 $275k to $850k despite inflation.
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
Finding financial advisors like Kenna Muriel Hesseling, 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.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
@@IngoKociper On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial planner who devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $260k since then.
@@HopesKruses Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@amolejoshua7452 The beauty of MARGARET MOLLI ALVEY approach is her dual focus: while aggressively pursuing profit opportunities, she's equally tenacious about shielding investors from potential pitfalls. It's a balance few can achieve.
@@HopesKruses I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you.
I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
Wow! This is just mind-blowing. I have set aside $480k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.
My CFA ’Melissa Terri Swayne’ , 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 am going to look her up right away on web, I have about $220k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
I’m pretty young and just started my portfolio with around $80K. Dividends drew me in right away! Slowly trying to create significant passive income and manage my Stock Portfolio. how do I invest to deal with markets ups & downs
It's wise to seek expert assistance when beginning your financial portfolio. market is volatile, so professional guidance is so important..
Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
Amy Desiree Irish is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
A wise individual understands that accumulating wealth necessitates prudent investments and informed guidance in the financial market, particularly during a stock market crash. While the stock market presents opportunities for maximizing profits, successfully navigating it requires skill and expertise.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RUclips videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Vivian Jean Wilhelm turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Awesome, George! You just told the story of my life. At 26 I had ZERO $ to my name. I flipped the switch at 27. Just passed 2 mil in my 50’s. Compound interest is indeed a wonder!
Where did you invest or where should I begin?
@@Lexusupra nearly all indexed funds through my work 401-k’s and an individual Vanguard account set up online. Individual stocks are too risky for me
@Lexusupra , if your income is less than $161k single, $240k married open a Roth IRA. Max it out. If you are unsure what to invest in. S&P 500 index fund is a safe bet. (Warren Buffet famously challenged any hedge fund manager to beat the S&P 500 in a bet, and won.) Then start learning about mutual funds etc.
After the Roth IRA a traditional tax differed retirement account is the next best option. Again, in that retirement fund you can invest in an S&P 500 index with low fees, (less than 0.04%)
If you max out both, then open a regular brokerage account. Again, not bad to toss money in an S&P500 index until you lean more about investing.
Just starting is 90% of the battle.
@@leonadams1053- how much were you making at the time and did you have monthly bills?
proud of you!
here is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have.I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
A lot of folks downplay the role of advlsors 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
Elisse Laparche Ewing 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..
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I'm an amateur with a portfolio of 40k but it's hard for me to build confidence. I really want to hit the 100k mark soon. I want to invest another 20k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
*Marissa Lynn Babula* is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.
Thanks a lot for this recommendation. I'll send her an email and I hope I'm able to connect with her.
So many bots trying to scam in every financial youtubers chat. It's mind blowing.
I must have reported 50 on this video alone. They have got to find a way to crack down on this AI stuff, it's overwhelming the internet with spam.
@@BlakouttheMM And honestly so sad that people are going to fall for this BS
This is the first real comment I’ve found, like 50 down. I was hoping to see some information from people talking about how much they invest at what age everything. But wow this is bad
I think this is the farthest I've had to scroll before finding a real comment.
Yes, I've noticed. They do it clever too: the will show you an enticing comment and then you'll click on the replies and there you have it: the name of the "financial advisor".
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Melissa Jean Talingdan is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Market highs can sometimes be followed by corrections, but predicting the timing and extent of it is challenging. I've heard some analysts talk about a 'massive' correction. It makes me wonder if it's time to adjust my $2M portfolios or maybe even consider some defensive investments.
Consider diversifying your portfolio with a mix of stocks and stable assets. Seeking professional advice now could provide valuable insights and strategies to navigate market uncertainties and protect your investments.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Lucinda Margaret Crist is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
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 decent returns
Proper research, good analysis and luck is what you need to make profit in this constant market decline. It's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA ’Monica Shawn Marti’ , 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.
Just reached 21.000 after 1 year of savings and now 3 months of steadily investing in ETF.
Can't wait to reach 100k.
Zero debt , zero credit card ever.
Piano teacher
First hit $100k in early 2020, that covid dip really hurt at the time. 4 years later that dip is barely noticeable on the long term chart and we are well over $300k with increased contributions in recent years.
Keep grinding out there! ABB - Always Be Buying!!
I deal with an investment advisor for this reason. I currently have over $70k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons under guidance. Our current project for this year is a more concrete ballpark target this year.
hello James, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
My CFA ’Rachel Sarah Parrish’ , 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
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
That first 100k is brutal.
The 1st 10 dollars too 😂
@@frederickvalencia4976 Especially if you have a minimum wage or a bit higher job. Putting over $700.00 a month away is impossible when you can't even afford rent.
The first 100k for most people is just their starter home equity plus maybe $30k in savings. Building the savings muscles is hard at first, but maintaining the muscles is easy.
@@tylersanders2388 We're talking pure investments bro, a house is a liability and people need to focus on investment portfolio amount.
@@tylersanders2388 George is talking about 100k cash, not equity. Albeit, the video title is wrong if you are a homeowner.
I recently started my own investment too with a portfolio of 70k but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.
Just hit 100k! What a good feeling.
Proud of you
Thats awesome dude howd u do it
It is!
Congrats!
want a gold star, cupcake?
Wife and I are 33 with about 800k in investments, excluding home equity and rainy day funds. I've always strived to stay on top of my finances.
...hoping that being disciplined in my 20s would allow me/us to have more breathing room in our 40s+ but it gets hectic, should we get a partner?
I do hope to help educate younger people on finances after I leave my corporate 9-5.
My wife and i (mid 30s) just did our net worth calculation and were astonished to find out that combined we're net worth millionaires, with ~450k in retirement/investments. Years of driving 20+ year old cars with multiple shades of paint (or as i called it, "custom" paint jobs) and knocking out $170k in student loans literally paid off. To people going through the struggle, take it step by (non trademark) baby step. You'll get through it. Its worth it.
I'm 42 with $997k in my 401k. I started working full time right out of high school. I'm still with the same company. I've been in their 401k plan since I was 18. I contribute 10% and get a 4.75% company match. My f/a who isn’t very traditional taught me that compound interest is you best friend. The sooner you start, the better off you are. I didn’t feel the need to mention the roi on brokerage account used under guidance of Monica but surely get a partner.
Who is this person you work with ? Monica ? Can I get a phone number?
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
She's Sophia Elaine. One of the finest portfolio managers in the field.
she's mostly on Telegrams, using the verified user name.
@PhiaElaine 💯. That's her verified
Handle!
@PhiaElaine 👈🏽. That's her verified
Handle!
This is very true. At 37, I recalled how difficult it had been before I reached the $100k milestone. It didn't take me long to reach my goal of having over $2.8 million in my retirement savings alone at the age of 56 after subsequent shares. I would have more today if I started sooner. If you're not sure where to seek, start by speaking with an experienced strategist. Best of luck
Thanks for sharing this. I am on the same path man
I deal with an investment advisor for this reason. I currently have over $800k invested in a diversified portfolio that has grown exponentially and is suitable for all market seasons under guidance. Our current project for this year is a more concrete ballpark target this year.
@josephbush I could really use the expertise of this advsors, I’ve been down a ton, I’m only holding on so I can recoup.
Hey I know this pretty lady. Used to share an office block with her, small world right? lol Thanks a lot for sharing.
Scam comments 😢
I've got £100k to invest. I want to build a nest egg for when I'm older. I want to know if it's a good idea to add all my savings into a long term ETF, set and forget Come back in 20-30 years, instead of 250-300 DCA every month. Which ETF would you recommend?
As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor..
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed within a short period.
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
Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Adding JEPI and JEPQ are smart additions in my opinion. As for staying committed to higher-risk investments, it's all about balancing your risk tolerance with your long-term goals.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AMBER KAY WRIGHT” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
75% S&P 500 ETF and 25% small cap value ETF is all you need if you are holding your investments over 20 years
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors 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.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Elisse Laparche Ewing 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..
There's nothing wrong with taking profits. You should avoid falling in love with a stock. I had a friend that was heavily invested in Tesla. When it hit $400 in 2021 I advised that he sell as it was clearly overvalued. He refused thinking it was just going to keep going up. That turned out to be it's peak. It's at $178 today.
Best explanation of why the first $100K matters, keep up the great work George!
It doesn't, its just a number, you never heard anyone saying first 50k 2 decades ago. But thats essentially what today's 100k is worth.
It does matter. I kid you not... Once you get 100k you will lay down in bed at night and think, you are gaining real money, right now, doing nothing.
The more you have? The sweeter the gains. If you told me this 10 years ago, would not have believed it either.
I've tracked my net worth for 3 years now. Went from $339k to $423k to $565k. So in a time that we earned $315k, our net worth went up $226k. Hope to hit $1 million by 2027!
In theory, your NW will double every 7 years or so.
That’s awesome 👍🏼
@@smileygeni If you don't add to it, yes. I'm adding $64k a year into investments, plus some additional cash and paying down the mortgage.
I'm 30 with a net worth of about 400k. About 138k of that is investments, including retirement. We've been doing this long enough that about half of the 138k is interest we've earned.
You are doing it right!
You're crushing it. I'm at about half that at 31 and I feel like I'm doing decent
@@TheSp3cial0ne Nice job guys! I'm 30 and 150k in debt lol. But I am about to switch jobs. I have a poli sci degree, MBA, and accounting degree. I am a school teacher making about 50k and I just got offered full time accountant job for 65k with some promised raises. I'm almost out of credit card debt and will start working on auto loans next.
Nice. Keep at it. You'll be an everyday millionaire in no time.
We hit $300k invested this year (I'm 40) also looking to pay off my wife's nursing school this year. Then we can save like crazy.
Fantastic job. I'm 33, still playing catchup. Only about $200K networth (50% taxable brokerage, 35% retirement, 10% cash, & 5% my car), like 10-12% is actually from its growth. My car's depreciation took away a couple percent. My savings rate has been solid but the growth on the market really hasn't been great.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@SantiagoWyatt- That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@FlorentGulliver My advisor is Victoria Carmen Santaella
You can look her up online
@@SantiagoWyatt- The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.
Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
'Rachel Sarah Parrish' is her name. She is regarded as a genius in her area. 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..
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@LilyClark-g3q However, if you do not have access to a professional like Suzanne Gladys Xander, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@MiaJohnson-l4k Oh please I’d love that. Thanks!.
@@LilyClark-g3q Suzanne Gladys Xander is her name .
Lookup with her name on the webpage.
He’s right. Once you hit that 100k, hold it in a good S&P 500,index fund. It’s gonna grow. Just be patient. It’s a marathon
No way, i have 200k and still feel poor AF
@@thunderb00mexactly how i feel too. 200k feels like the new 100k with inflation and the fact that the “100k” saying has existed for decades.
This is true, although it’s closer to $250k now to have the same saying still apply when adjusting for inflation.
Exactly
If you have 200k in investments and still feel poor, you are not really poor. You are entitled and your expectations are way too high. First world problems!
Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Coin that will align with my risk tolerance and financial goals
While the market is promising, expert guidance is essential for effective portfolio management.
Opting for an inves-tment advisr is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
I'd love to work with the same advisor you invested with. How do i align with the person?
She goes by ‘’Lauren Marie Ehlers'’.... I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial-Advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Walter James Henry is the licensed fiduciary I use.
He's mostly on Telegrams, using the user name
@Gainwithwalter7
Agreed that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors 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
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
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial market
@@LizzieMcG_bahdi3AI is the next EV
I lost over $80k 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 Charlotte Grace Miller.
I'm new at this, please how can I reach her?
she's mostly on Telegrams, using the user name
FXMILLER 9 💯.. that's it
Please tell her that I reffed you 👍
She'll guide you💯
Scam
Then, should those of us who are over 50 but have less than a million worry? I worry that I'm getting close to retirement because I only have $500k in my Roth and I have no idea how to build it.
A few years ago, I found myself in a similar situation. I had anxiety all the time. My worry vanished after I made the decision to begin working with a financial counselor and began to get large monthly profits.
Well, that's also my answer, even though I'm not retired. I've been relying on a fiduciary to handle my portfolio for the past seven years because, as a contractor, I don't have much time to research assets. I have expanded my portfolio by up to 300% and been able to navigate market volatility with greater effectiveness thanks to this method. You could think about taking a similar tack.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
The first hundred thousand is so hard to get
I lost mine through my investment even since i don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
The best course of action if you lack market knowledge is to ask a consultant or invest-ing co-ach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my port-folio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.
Working 2 full time jobs helps get you there quicker. You’ll have no family life, but I don’t have a family and I often think of how hard it would be to have a family life homeless and starving in my 60s. Get the money first. Another life hack is to dump more money into your stocks (I’m all index funds all the time) during a Republican administration- guaranteed to crash the economy and bring the market to intradecade lows.
Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard 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.
Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
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.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
She's known as a 'MICHELE KATHERINE SINGH'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
Thank you for sharing. I just scheduled a phone call with her. She seems proficient considering her résumé.
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations. I really appreciate your videos
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
I'd really like to get into crypto Investing. I have about $145k set aside, but I don't know anything about this market. Would you please provide the best approach to make money as well as a trustworthy resource for advice? Your help would be greatly appreciated.
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helps us a lot to pay up our bills.
Still regret that I sold my bitcoin early last year, even after my colleague insisted we shouldn't. Please Is Bitcoin still a safe buy to outperform the market this year? I still kept my money in the money market and with over $120k maturing soon, I plan investing well in it. Here for ideas
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Deborah Davis. A widely known crypto consultant
Successful people don't become that way overnight. What most people see as wealth, a great career, purpose is the result of hard work 🤑🤑
Same, I met Mrs Maria Davis last
year for the first time at a conference in
Manchester, after then my family
changed for good. God bless Mrs Maria
Tradeqq with her and remember to share
your success story with others just like |
did🥰
Impressive video coverage traders show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. Their dedication to continuous learning is inspiring. I'm especially grateful to Eugenia Eiland, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I’ve just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
Literally Just Found her website easily it was like the first thing that came up when I searched on her name and also her mail address I will surely touch bases with her to see what's the best step for me to take rn. Thanks for sharing really do appreciate
Her program of expertise is all over the web Eugenia Eiland Crypto
Buffett & Munger are beyond amazing. wealth is attainable.
He's TE LEG RAM...
@samdeymon53....that's it = 4 advise.
Mr SAM DEYMON /Courses It’s an opportunity to learn a lot of concepts relating to Stock Market, Mutual Funds, F&O etc. in a systematic, simple and fun-filled manner!
Mr Sam is really good
There are so many ways to get something like this done , what’s really important is finding the right person for it , I hope you become successful in trading.a good trading system would put you through many days of success.
To make it simpler, use the rule of 72. divide 72/. This tells you how many years it takes to double your money at a set return.
Or to double your debt…if you don’t pay it down…
Great video... investing in stocks and crypto is absolutely amazing.
Absolutely. It's an exciting time to be in crypto. Strap in and enjoy the journey.
this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??
Yes grahamconsults
On telegram?
Yup as grahamconsults
From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family.
Could you please explain how beginners like me can start making this much 😢
Please how do I go about it, am still a newbie on investment trading and how can I make profit?
All thanks to Mrs Bridget Denison..❤❤❤
She's a licensed broker and FINRA AGENT here in the states.
Yes!!! That's exactly her name (Bridget Denison) so many people have recommended highly about her and am I just starting with her from Brisbane Australia🇦🇺
Once you get old and have a lot invested and your net worth goes up (and down) $500,000+ a year is still insane and hard to accept as a regular person who was not rich before.
But where are you parking the cash to earn that compound interest? Into high yield? 401k? Mutual funds/etf? Regular contributions to where? Does 401k count as investment?
Invest the contributions into an index fund that tracks the S&P 500 or even a target date retirement fund, you’ll get similar returns but it does all the asset allocations (diversification) for you. Closer to retirement, your investments will look a little different than just one index fund, but it’s just an example. The 401k is just an account it all sits in.
When he says “compound interest” he doesn’t mean the normal interest you’d get from a bank at a static 4% or something. It means the index fund/investment price going up over time and reinvesting dividends. The market is generally always going to go up so investments bought a long time ago have had a longer time to increase in value and be worth way more than what you bought them for originally. That’s why it’s important to make consistent contributions over a long period of time for, in this case, retirement.
To answer your specific questions:
The cash is not “parked” anywhere. It’s invested into something like an index fund within the 401k or IRA (individual retirement account), an account you can set up with any normal brokerage for retirement.
A high yield savings should really only be for an emergency fund or preplanning future purchases since the access to cash is easily available and not tied up in a stock that has to be sold.
The 401k is an account provided by your employer where you save for retirement, it is not an investment itself. You have to do the investing inside of it.
I’d suggest watching a video about the differences between mutual funds/index funds/etfs. It’s kinda wordy but the principle is investing the cash into one of these funds because of the low fees.
Make regular contributions to whatever retirement account is for you (401k or IRA) and invest the money into something as mentioned above.
I hope this clears things up. Seemed like there was some confusion surrounding all the terminology.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Taylor
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has be super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
I'm new at this, please how can I reach her?......
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
I started working post law school for the first time… while still on food stamps. In 2.5 years, I have about 120,000! I’m hoping to get this rocket ship to wealth by slipping the low return years and prioritizing those first 300,000 of gains!
Helps that by the time you get to $100k your income is usually higher too. Helping save faster and faster.
When we hit $100k invested we were at $60k household income. That first $100k took us over 10 years.
At $200k invested were hitting $130k income. Took 5 more years.
This year we hit $300k invested and our income increased to $240k. We are going to save hard after hitting debt free this year.
Planning to save $100k a year, push towards that first million.
Lets do this.
Can confirm. My wife and i net worth was 67k april 2020. Just hit 550k this week
Where did you invest? I’m just trying to learn where or how do I begin so I can start the journey of compound interest. I am 24 and have saved some money, I just do not know clearly where everyone seems to know to put their money. It just says S&P 500 but I don’t understand what that means
@@Lexusuprafirst you need to open a brokerage account, then look up s&p 500 index funds and exchange traded funds or ETFs. S&p 500 index fund is where I would start and just buy some weekly.
😂 April 2020.
@tonycrabtree3416 yeah I track my NW every month
@Lexusupra I max 401k with fxaix (fidelity 500 index, closest to S&P 500) for both me and my wife. I bought 2 houses, bought bitcoin but sold it at 70k. Park all cash outside 5k in checking in 5% CDs. 350ish is in investment, 200k in home equity
I just hit 300k this year and it really does take off . Been invested for 17 years .
Only issue here is you haven't taken fees/charges, and 10 percent average return is hard to consistently hit every year. But very good advice overall.
I’m 33 just got out of debt and just hit 100k in investments. I might be behind compared to my peers but I’m happy and satisfied to be debt free and only focus on investing
That’s not behind at all. You may be slightly lagging people who watch financial videos for fun but you’re WAY ahead of the vast majority of people.
@cody5596 Thank you bro I really appreciate it
lol. I’ve googled how much the average/median amount people have for retirement, by age, and you’re definitely ahead.
You're not behind bud. I'm 34 and have about 11k in my 401k and not much else to show for it
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.
Mind if I ask you to recommend this particular coach you using their service?
Stacy Lynn Staples is the licensed advisor I use. Just search the name. You’d find necessary details to work with 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.
The ‘BUT WAIT! THERES MORE’ like a late 90s comercial had me dying 😂
Funny story - I interviewed a guy that owns a winery in Temecula, California. It was lavish. I finally asked him - with all due respect, how did you get the money to build this place? He laughed and said from working in infomercials. I said - you acted in infomercials? He said no - I came up with and trademarked the phrase: "But wait... there's more!"
@@billaroundtheglobePlease, please tell me that he has a line called ‘But wait.. there’s merlot’ 😂
The first 100K took forever, the second happened overnight
Absolutely, I signed up and used that bonus right away. It’s a great way to start exploring their games. Have you decided to dive in yet
Compound interest is amazing. I had about $370k in my 401k just last Thanksgiving...I hit $460k early this month. I'm currently working on being debt free where I can invest half of my income.
That Tele in the background though...beautiful! George you gotta show us those guitar skills on stream sometime!
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
I know someone who can help you Olivia Brown
First hit $100k in early 2020, that covid dip really hurt at the time. 4 years later that dip is barely noticeable on the long term chart and we are well over $300k with increased contributions in recent years.
Keep grinding out there! ABB - Always Be Buying!!
34 here and at 250k in my 401k, crazy how it goes up and down daily. Mine just went down 5k in three days, but im sure it'll bounce back!
Why do you check it daily? 😂😅
@@ericar.6370 just for fun lol
Love the video references. I'm going to show my kids and hope it teaches them better than I can.
I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
I'll suggest you find a mentor or someone with experience to guide you especially in this recession.
I agree, that's why I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far.
This is why I've entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
Can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Good choice! I spread mine across a few games, including roulette. They really do have a nice selection of bonuses
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@ikolimariam4871 However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@ikolimariam4871 Judith Ann peace is her name
Lookup with her name on the webpage.
@ikolimariam4871 You are welcome
I trust the process but not sure where to invest my money to earn 10% compounding interest, highest I’ve seen is 4.25. Where should I invest?
*Thank you😊 for this video, do you offer account management or have any recommendations?*
As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria K Walter, a widely known consultant
That's true. a lot of people today have been
having lots of disappointments in trading in light of helpless direction and awful financial advisors
I've been trying to trade but I keep making losses and it's frustrating
There seems to be constant mention of
"Victoria K Walter" everywhere I turn. Are the accolades and reviews truly worth her?
I started working with Miss Walter after I got a loan from a friend and now after receiving profit, I paid my friend and put back my earnings over and over again. I must say she's a very transparent and an honest personality
Exactly, it’s like getting rewarded for staying active. I tend to go for those, especially when the slots aren't treating me well
Just reached 21.000 after 1 year of savings and now 3 months of steadily investing in ETF.
Can't wait to reach 100k.
Zero debt , zero credit card ever.
Piano teacher
You must live in a cheap area and are extremely frugal in life.
@wadeharris348 I live in France, it's in no way cheap ( my taxes + rent take 35-40% of my salary ) but I manage to save a huge part and still go on trips and holidays every 1.5 month for a few days .
I'm frugal by cooking almost always at home, and don't buy stupid clothes to look rich
A fun thing to see in our path to retirement, It was just one point in time where I happened to look, was growth in our accounts started to exceed our contributions.
Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I recently began investing in stocks and it was the best choice I've ever made. If you genuinely want to be financially secure, disregard everything the media is suggesting. The market offers a lot of chances. Maximize your use of it
@RoryAidanYou can make a lot of money from the market regardless of what occurs, whether it strengthens or crashes. The key is to be well positioned, and that's what matters most.
@RoryAidanAll you need is a good capital and the service of a pro, with those you're guaranteed to gain.
@RoryAidanI personally employed Alice Lee Chen financial as my t’rader. Her ability to t’rade and produce big pro:fits, in my opinion, is excellent.
+162
8227
George, do you have a "what should your net worth be at 50?" I'm 47 now, and believe I'm doing well from starting early with Financial Peace University in 2003 ~ 2004, but would like to see a video for your target ideas. I could find your videos for a 30 or 40 year old, but didn't see the series continue. Thanks.
Damn where can I get a consistent 10% return on investment?
The compounding interest phenomenon is undoubtedly true, but I’d suggest anyone actually modeling compounding interest to use 7% to account for big swings in the stock market and extend timelines accordingly.
The 10% number is based off decades of historical data on the S&P 500. It’s not going to be every year you get 10%. Some years it might be 20% and some it might be 3%. It’s primarily used for long term investing to predict your returns, like a few decades of holding. When it’s all said and done it’ll be around 10-12% per year on average.
@@TheSnappyoThere are events in the real world that reflect those numbers. The growth of the US Empire and its economic influence on a global scale. It is still a gamble on what those returns will be in the future. I am invested in the stock market but I still have a Plan B if we have significant issues as a nation, like a break up or higher taxes on capital gains.
im already blown away with how much growth its gone through. Its not very much BUT my younger self wouldve been proud. thank you for the amazing video!
I'm 49. Net worth is at 1,950,000. Got divorced 3 years ago and lost 65% of my assets due to equitable distribution as dictated by today's family law. Have been rebuilding ever since.
Shoulda liquidated before the divorce and spent it on wallmart gift cards
@@davidjones4130 Nah, the judge would have penalized me for that. Better not to do those things as you'll pay a big price later on.
As they say, a marriage contract is the biggest financial decision of your life.
I trust no one. I am the one who manipulates, not the other way around.
If I ever decide to marry, let me tell you, there will be no document or contract that will steal from my net worth if someone "feels like it".
You should have learned from the mistakes of others. The worst possible thing to do is to sign a contract with a 55% failure on average gambling 65% of your net worth.
I am extremely curious, why did you do that? Seems something so illogical to do, how do you decide to sign that?
@@Logical.Psychopath I was young and dumb. But I learned my lesson and I have unplugged from the matrix now. Never again!
@@plasmaarmelund I am 20 now. Never will I do something like that. Good thing that you came back on your feet.
Yeah, those come in handy, especially when luck isn’t on your side. Keeps you in the game longer
Where can I find that compound interest calculator?
Google " investment calculator "
Dave Ramsey website. Tools.
Google it. Every bank and investment house has one.
That starter number is the GROSS average (mean) US income for Q4 2023. Accounting for taxes, our example person's actual income is closer to $47,000 depending on the state they live in and their circumstances. It's pretty unhelpful for a personal finance explainer to use gross numbers and seemingly ignore taxes.
The first 100k seems to be so hard for some because you're basically still setting up a foundation for your portfolio to stand on and then the latter comes easier since now you're familiar with diversity ,where to place your funds. I made my first million from going diverse, mainly blue chip stocks. high value etfs, S&P500 and coins ..with the help of my F.A Dianne Sarah Olson handling my portfolio it's been a year of steady growth.
Smart, I must commend you because etfs will keep making you solid profits through compounding while the other stocks pays monthly although advantageous you must've started big
Nice, you're a good guy for taking your time to properly explain this, i reached out to your FA also through her web and her responses were articulated. I'm more confident working with her now
invest in stable stocks, my rule: if you previously liked the stock, then you should love it at a discounted price.
I need to work very hard and i also think i need to work with this IA you talked. about because i haven't hit the 100k mark at all. I haven't even scratched the surface yet lol
Great job you are doing well!Do you mind sharing who your financial advisor is on here?
That cashback was a lifesaver last week. It’s comforting to know you get something back after a rough day
@1:15 the George Kamel/Epic Rap Battles of History crossover we've ALL been waiting for
There’s also that cashback offer. It’s a good fallback for when luck isn't on your side
These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
You are right! I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.
Credits to 'Carol Vivian Constable' she has a web presence, so you can simply
@@martingiavarini how long did it take for you to realize that profit?
Scam
I did, grabbed it the moment I registered. Gives you a nice little boost to explore the games. You thinking of signing up
I lost over $80k 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 Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
I'm new at this, please how can I reach her?
she's mostly on Instagrams, using the user name
FXMILLER151 💯.. that's it
My wife and I just hit 100k net worth at 24 years old this summer. Exciting!
victoria flores was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from victoria Flores.
success 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in last month 2024
You trade ?? Wow that's huge, how do you make that much monthly?
Greetings, I’ve seen positive reviews of this woman victoria flores for about the fourth time now, I think I’ll have to give it a try.
SHE'S MOSTLY ON TELEGRAMS, USING THE USER NAME
.....
Activevictoria1..That's
???? her user name.
Not a billion viewers for THIS video? Why? Amazing material! Thank you sir.
Learning the concept of compound interest it literally the most important thing to learn. It can be used to make you rich, or it can be used punish you severely.
What side are you on as Blcktken300 divides the wealthy from the poor?
This is an excellent breakdown of the investment snowball! Videos like this should be part of the high school curriculum!
Another excellent video, George. Hope to see you at 250k subscribers soon!