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 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.
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..
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.
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.
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".
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.
@@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'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.
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
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.
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.
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 realised that if you are not Warren Buffett nor someone in the industry it's difficult to make decent return from the stock market, stock picking is an effort in futility particularly at an uncertain time such as this, my portfolio is still significant about $150k but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market? I'm open to ideas.
It's hard to beat the market as an ordinary investor, you don't have access to information that professionals have. So it's just better if you invest with a professional who knows how things work better.
Picking stocks is a risky thing to do particularly for non-professionals, I learnt that in 2020 when I lost almost everything but I was lucky to switch to using a financial advisor who has better knowledge of the market than I do and I've been returning at least $70k every month, just too bad I didn't learn this earlier on.
I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit. I have 20 positions in high growth stocks. I'm getting 15 dividend pay checks, however I'm up 125 % this year. About $650k this yr, good dividend paying portfolio,
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.
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
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 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.
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!
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🇦🇺
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.
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!"
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!
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
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 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
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
You really want to hire a good market strategist to help you with good entry and exit points. A CFP maybe! You dont want to throw away a lump sum like that do ya?
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.
victoria flores has really set the standard for others to follow, we love her here in Canada because she has been really helpful and changed lots of life's
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.
I’m 30 years old, making $15/hr, and I reached my first $100k this year. I created my taxable account last 2022. It’s a massive success for me. It’s truly feels amazing after reaching such milestone. I’m looking forward to my next $100k.
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!!
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.
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.
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.
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.
Started at 19 when I was making about $20k. Now have 1.5x my salary and just turned 30. Never increased contribution %. Just set it up and watch it work its magic, can’t wait to see how it grows over the next 10 years!
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.
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.
Return from the stock market isn't the same concept as compounding interest. Interest refers to debt, which actually does compound. The return is just the company's stock going up in value.
But I have over 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. Thereafter, I took a big hit in Q2, 2023. Right now i am just looking for ways to recover in 2025.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, following some random trends but I lost a lot of money. I was able to pull out about $200k after the 2023 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
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.
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?
Someone that is very good in helping business leaders decide the best way to execute on plans by providing up to date financial reports and data on relevant KPIs.
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
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.
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.
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.
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.
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?
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.
1:31 Simple interest is like going into a calculator and puting for example 2400 + 240 and repeatedly pressing the = button Compound interest like multiplying, so you will be doing 2400 x 1.1 and then you will multiply the results over and over
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
My wife and I decided 6 weeks ago that we are saying goodbye to being “smart” and broke as a joke. We started with 14k in credit card debit, now 6 weeks later we have 9k left and attacking it as hard as we can! Selling anything that isn’t nailed down to get it done.
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?
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..
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.
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.
This is true. I have $4.2M at 33 and I got my first $100k at around 21. I never stopped investing. I really only had one great buy that I still hold, but most of it was just slow and steady.
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
Be 37 and reached 200k this year. It's so motivating knowing I have a concrete plan for my retirement and my family. This lets me sleep very well. Never have expected this peace in mind regarding financials for my older self. I call it financial future self-care. ^^
@@erickjoyner7812 Yes but I was assisted by Ms Katherine Ann Mcgrath. With over 30 years of experience in portfolio management. For beginners and experts. She's top in the search on the Web.
@@narinasamankaritkovic3333 Thank you. I find this helpful and thesis not my first time hearing about her. She has been featured in a few videos I came across.
Intro was amazing 😂😂😂. Something about the bald eagle and explosions mixed with investing and waiting patiently, caught me pretty funny. The gen z in my office would say something like that was fire, no cap, or that really slaps, or bops. Anyway well done. And finished your book that was also well done! Adequate level of snark and info. 😂😊
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 .
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.
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
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
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.
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 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
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..
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!
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.
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".
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.
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'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.
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?
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.
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.
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?
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.
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
I realised that if you are not Warren Buffett nor someone in the industry it's difficult to make decent return from the stock market, stock picking is an effort in futility particularly at an uncertain time such as this, my portfolio is still significant about $150k but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market? I'm open to ideas.
It's hard to beat the market as an ordinary investor, you don't have access to information that professionals have. So it's just better if you invest with a professional who knows how things work better.
Picking stocks is a risky thing to do particularly for non-professionals, I learnt that in 2020 when I lost almost everything but I was lucky to switch to using a financial advisor who has better knowledge of the market than I do and I've been returning at least $70k every month, just too bad I didn't learn this earlier on.
I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit. I have 20 positions in high growth stocks. I'm getting 15 dividend pay checks, however I'm up 125 % this year. About $650k this yr, good dividend paying portfolio,
I'm impressed, if its not asking too much, how do I reach out to this FA you work with..
I can't divulge much but Sonya Lee Mitchell is the FA I work with you, you can do your due diligence as she's very much accessible to the public
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.
*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
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 😢
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
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.
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
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!
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🇦🇺
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.
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’ 😂
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!
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
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…
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 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.
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
You really want to hire a good market strategist to help you with good entry and exit points. A CFP maybe! You dont want to throw away a lump sum like that do ya?
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.
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.
victoria flores has really set the standard for others to follow, we love her here in Canada because she has been really helpful and changed lots of life's
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.
Love the video references. I'm going to show my kids and hope it teaches them better than I can.
I just hit 300k this year and it really does take off . Been invested for 17 years .
I’m 30 years old, making $15/hr, and I reached my first $100k this year. I created my taxable account last 2022. It’s a massive success for me. It’s truly feels amazing after reaching such milestone. I’m looking forward to my next $100k.
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🥰
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!!
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.
That Tele in the background though...beautiful! George you gotta show us those guitar skills on stream sometime!
The first 100K took forever, the second happened overnight
This is an excellent breakdown of the investment snowball! Videos like this should be part of the high school curriculum!
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.
Good choice! I spread mine across a few games, including roulette. They really do have a nice selection of bonuses
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.
I did, grabbed it the moment I registered. Gives you a nice little boost to explore the games. You thinking of signing up
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.
Started at 19 when I was making about $20k. Now have 1.5x my salary and just turned 30. Never increased contribution %. Just set it up and watch it work its magic, can’t wait to see how it grows over the next 10 years!
@1:15 the George Kamel/Epic Rap Battles of History crossover we've ALL been waiting for
That cashback was a lifesaver last week. It’s comforting to know you get something back after a rough day
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.
Not a billion viewers for THIS video? Why? Amazing material! Thank you sir.
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.
Exactly, it’s like getting rewarded for staying active. I tend to go for those, especially when the slots aren't treating me well
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
Return from the stock market isn't the same concept as compounding interest. Interest refers to debt, which actually does compound. The return is just the company's stock going up in value.
But I have over 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. Thereafter, I took a big hit in Q2, 2023. Right now i am just looking for ways to recover in 2025.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
I agree with you. I started out with investing on my own, following some random trends but I lost a lot of money. I was able to pull out about $200k after the 2023 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
This is all new to me, where do I find a fiduciary, can you recommend any?
Her name is “Diana Casteel Lynch” Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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.
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.
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 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.
Managing cash flow is also key.
More practically, a financial manager’s activities in the area revolve around planning, forecasting and controlling expenditures.
This may sound simple, but it isn’t always.
Timothy Eric Meek managing financial controls involves analyzing how an individual is performing financially compared with his plans and budgets.
Someone that is very good in helping business leaders decide the best way to execute on plans by providing up to date financial reports and data on relevant KPIs.
Timothy Eric Meek is a genius.
Another excellent video, George. Hope to see you at 250k subscribers soon!
Oh, absolutely! I signed up with that and it really padded my account Made trying out all the different games a lot easier
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
Yeah, those come in handy, especially when luck isn’t on your side. Keeps you in the game longer
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
Currently on baby step 3 and over halfway toward saving for our 3-6 month emergency fund. ... and also a trip to NYC🤗🤗
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.
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.
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.
There’s also that cashback offer. It’s a good fallback for when luck isn't on your side
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?
I really like how you convey content in an easy-to-understand and valuable way. Can you share about a challenge you're currently facing?
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.
1:31 Simple interest is like going into a calculator and puting for example 2400 + 240 and repeatedly pressing the = button
Compound interest like multiplying, so you will be doing 2400 x 1.1 and then you will multiply the results over and over
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.
My wife and I decided 6 weeks ago that we are saying goodbye to being “smart” and broke as a joke. We started with 14k in credit card debit, now 6 weeks later we have 9k left and attacking it as hard as we can! Selling anything that isn’t nailed down to get it done.
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.
Are you going to go for the reload bonus next? It’s great for keeping the action going
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.
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.
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.
This is true. I have $4.2M at 33 and I got my first $100k at around 21. I never stopped investing. I really only had one great buy that I still hold, but most of it was just slow and steady.
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
Be 37 and reached 200k this year. It's so motivating knowing I have a concrete plan for my retirement and my family. This lets me sleep very well. Never have expected this peace in mind regarding financials for my older self. I call it financial future self-care. ^^
While this is informative I also need clarity as a beginner in the field of investing.
Well for a start you need the guidance and knowledge.
@@narinasamankaritkovic3333 well that's not easy to come by.
@@erickjoyner7812 Yes but I was assisted by Ms Katherine Ann Mcgrath. With over 30 years of experience in portfolio management. For beginners and experts. She's top in the search on the Web.
@@narinasamankaritkovic3333 Thank you. I find this helpful and thesis not my first time hearing about her. She has been featured in a few videos I came across.
Your videos are always super fun, hilarious and educational. Keep up the great work!
Love your sense of humor George!
My wife and I just hit 100k net worth at 24 years old this summer. Exciting!
Intro was amazing 😂😂😂. Something about the bald eagle and explosions mixed with investing and waiting patiently, caught me pretty funny. The gen z in my office would say something like that was fire, no cap, or that really slaps, or bops. Anyway well done. And finished your book that was also well done! Adequate level of snark and info. 😂😊
I saw those! Planning to use one on my next deposit. It’s perfect for regular players, right
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..
Yep, planning to use it for some cricket betting. There’s a big match I've got my eye on this weekend
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.
I'm planning to use mine on some cricket bets. There’s a great match coming up this weekend
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
This gets a like just for sampling erb. Love ya george!
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!
Considering the reload bonuses for next time. They seem like a solid choice for keeping the momentum
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.
I just paid off my largest and highest interest debt.. and now to save for my retirement. Time goes fast!!