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!
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back. most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Safest approach I feel to tackle it is to diversify investments By spreading investments across different asset classes, like bonds, COMMODITIES, EQUITIES, FIXED INCOME and international stocks, TRADING IN GENERAL they can reduce the impact of a market meltdown Its important to seek the Guidance of an Expert.
Agreed! this why I work with one. my $870k pōrtfolio is well matched for every market season yielding 85% rise from early last year to date. I and my advīsor are working on more figures this year. IMO, financīal advīsor are the most sought-after pros after doctors
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with *KAREN* *MARIE* *GENDRON* for about five years now, and her performance has been Consistently impressive.
Thanks for SHARING this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.
I just got laid off from my job today. THANK YOU Humphrey for teaching me about savings. because of your savings and investment advice, It’s a good feeling to have to only worry about your ego being damaged and not having your financial health being immediately impacted.
Acquiring stocks could appear simple, but choosing the right stock without a tested plan can be very difficult. My main barrier to growing my $210K portfolio, which I've been working on for a while, is the absence of well-defined entry and exit plans. Any guidance on this would be highly valued.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
'Kenna Muriel Hesseling' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
AI stocks are set to dominate 2024. I prefer NVIDIA because they're well-positioned for long-term growth and support other AI companies. I know someone who made over 200% with NVIDIA. I'll also consider the other recommendations you made.
I agree. Just because there are opportunities doesn't mean we should dive in without caution. We should look for market analysis or guidance, or seek advice from certified market strategists.
Absolutely, having a solid plan is crucial. My portfolio has been well-balanced and recently doubled since early last year. My financial advisor and I are working towards a seven-figure goal, although this might take until Q3 2024.
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 out of devastation.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
'Kenna Muriel Hesseling' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go.
Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle finances properly. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows. Don't go for penny stocks.
Opting for a brokerage Adviser is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 300% since 2022
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...
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
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
It's okay to partially book profits for the stock at 3-5x of the pe that it was bought for. An interesting question is, what one is planning to do with the booked profit. My easy answer would be buying govt bonds. I prefer govt over corporate as the spread is thinning... If you have plans to expand your portfolio, think about companies that are getting massively corrected. As long as it's book support the CMP... I would just accumulate them in small quantities
"Comparison is the thief of joy" -Theodore Roosevelt Don't compare yourself to others, just compare yourself to where you started and track your journey.
I agree that tracking expenses and net worth is super important. And if we're being honest, chasing that dopamine hit when you see the net worth numbers go up is super gratifying.
Absolutely, I track assets, debts, net worth twice monthly. I track all expenses daily, even if $1. Spouse and I had rough early lives, on our own at 16 and 18. Now we are in our 50s and 60s and prospering.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances.
FinanciaI growth was rapidly gained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, hereby making my goaIs a reaIity.....
Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances.
This video is packed with invaluable personal finance lessons! The emphasis on delayed gratification truly resonates with me. I’ve found that resisting immediate rewards has significantly boosted my long-term financial stability. Tracking expenses, savings rate, and net worth has been a game-changer. It’s amazing how these simple practices can lead to financial freedom. The advice on investing in fewer ETFs and stocks for simplicity is spot on. I’ve simplified my portfolio and it’s made a huge difference. Being aware of depreciating assets has saved me from many regretful purchases. The point about not comparing yourself to others is so important. Focusing on my own financial journey has reduced stress and improved my decisions. Avoiding the “30k millionaire” lifestyle is a lesson everyone should heed. Investing should indeed be boring - it’s all about the long game. Thank you for these transformative tips! Has anyone else here implemented these lessons? Would love to hear your experiences!
YES! that's exactly her name (Telisha Grover) I watched her interview on CNN News and so many people recommended highly about her and her trading skills, she is an expert and I'm just starting with her .
I love the idea of investing being boring-makes so much sense! I’ve always been tempted by day trading, but I’m realizing the value in just holding steady.
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
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 .
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just googled her name 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 call.
At least you did that instead of blowing money on junk like the average person, but you would have way more money if instead you invested that money rather than paying off your house. And you could’ve even taken out the amount of money needed to pay off your house with plenty of cash left over
Yes looking back is easy though. There is no reason we couldn’t get a big dip that would take 20-30 years to get back. You could lose your job and needed to sell stocks at a bad time etc. Risk vs reward. Paying of your house is like 5% a year with 0 risk, not bad. Yes in the market you could potentially make double that, but there is also more risk. (Risk is also your ability to deal with losing 50k of your 100 and still keep investing, many will fear and stop investing or pull some out, you only know this about yourself at that point)
In all my years of investing, I’ve come to find out that professional guidance brings about remunerative results. Excellent job Jonas, you exceeded my expectations. Thank you.
There's no doubt that Jonas is indeed a genius. He has continued to put my money to good use. Although I feel his commissions are quite high, excellent service overall.
So number 8 is actually what got me into researching and learning investing. I started investing because a buddy was talking big about it and never would, so i started doing it to see if it was as hard as he said it was... i actually got an investing plan and started doing the research because an investing millionare buddy of mine showed me hes bank account, how he was investing and said if you want to have this kind of money you can just start investing. He didnt start in stocks but is an investor in alot of other fields. He was teaching classes on investing and finance for free at the local college, and kids kept telling him he only had money because he was a rich dude he doesnt understand what its like to be poor. So he started a robin hood and started investing like he had the money of a college kid. He came back and asked them why they couldnt do it too... and thats when i decided i had to get serious
Are tradind and income incompatible? I think you're not keeping up with the news. While you thought it was impossible, some enthusiasts from Eledator made ai copy trading tool. Everyone now can make money on trading. What do you say now?
Can you talk about good cybersecurity hygiene for financial accounts? How often do you change passwords? Do you trust third party apps with your financial data?
I love your insights, they are all very basic. A lot of people won’t do these things because they are so simple, and humans think they have to do something to get rich like tinker with their investment accounts. I am sharing with my children
What is considered discretionary expenses? Anything that isn't fixed, such as gas in your vehicle, groceries, eating out, etc? Or is it just your "fun money" cuz I'd never have $1500 a month to just spend on whatever
Need a video on auto-enrollment/inner workings of 401K's - Barrons just released an article that most employees do not understand auto enrollments (doesn't mean AUTOPILOT) as well as rollovers, etc.....! Why does GEN Z not realize that you have to deploy your monies/allocate into specific investment vehicles?
Great tips for wealth and financial health/well-being. I like the 30k millionaire since too many young individuals have very little image confidence and have too much time on social media that they have project wealth.
Buying s&p 500 at 2012 is not the same as buying it in 2024. Over 90% of the companies in the index is either getting corrected or selling below it's IV. However, only 8-10 companies are keeping the index at it's position today. So I would be staying invested, however, I will be very cautious. Market is thinning in terms of companies that are supporting the growth currently. It is more sensible to buy individual stocks than investing in index
Humphrey do u think it’s too late to get decent returns on Nvidia? I kno I missed the big wave, but what if started today in June 2024 after the 10-1 split?
@@humphrey Fair enough, I kno the whole “this is not financial advice” thing is a completed situation. Thank you for the reply tho, it was worth a shot! lol
Thank you so much for this Mr Humphrey, I kept replaying lesson 6 so I could fully understand it. The idea of the first $100k a lot of people seem to assume it comes from investing and not saving. My question is, where do I grow that $100k? Must I grow it in a high yield savings account or brokerage account? Please help me if I seem confused.
You don’t do anything different with the first $100k. It’s simply that the returns on your money will be smaller because the initial investment is smaller. You still put it in, for example, an S&P500 tracker but if you get 7% of your 5k contributions that’s not much money. You just keep on going and eventually the interest will start to become more than your contributions. 👍
I honestly don't understand why you're discussing these dubious schemes. There are plenty of options like Eledator and similar ones that are fast and profitable.
Also social media makes you feel this way because you see it as a blanket view that everybody else has more than you, without realizing everyone has maybe just a few fancy things. But these posts about these things or events get pushed into your feed every week by a different person. Example: If one friend has a vacay once a year and you have 50 friends, it appears on your feed once a week every week of the year. It didn't mean everyone goes on vacation every week. But you might be inclined to think "everyone is vacationing all the time?! Why not me." Now imagine most of us follow more than 50 friends on social media, so that feeling gets only compounded. It's just a fallacy.
So it’s completely okay for me to b maxing out my Roth IRA using only the S&P 500? That’s what I just started doing, 291.67 bi weekly. I also started building my emergency fund so $600 bi weekly into a HYSA of 4.6% and contributing more if I have money leftover by the time I get my next paycheck which I’ll likely always will have. Once I have my fully built emergency fund of 6mo ima start focusing on investing into a regular brokerage account. Mainly thinking about focusing that one into dividend stocks. I also just got to the 30K millionaire portion of the video and this is me except I’m around $80k as a welder lol I’m living with my parents and drive an Alfa Romeo Giulia that has now got me $20k in negative equity. But I’m still able to save a lot despite having this car
Also I think it’s a good thing to not be the opposite of the 30k millionaire. As in you have millions but youre afraid to spend it on experiences along the way through life or at retirement age.
Yes, that is included. However, the employer match shouldn't be considered as part of it. The main reason is that it's about foundational behavior. If your situation changes and you don't get a match or it decreases, you don't want to suddenly have to come up with the match value that you no longer have. Also, it's nice to get ahead in the game.
Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash
The 30k millionaire thing was used a lot in 2012. I was working at a bar in uptown in Dallas and these dudes who graduated college act like drunk college kids still just douchebags acting like they’re super rich but they’re not . I feel like today it would be “40k” millionaire.
Pensions are great!!! You have to stay a few years to become vested. After that, each year you stay will give you a few more percent of you salary when you retire. At retirement, you will need less in your 401K to fund your retirement because you’ll have your pension and then at some point be pulling Social Security.
457 here. Fully funded by my employer. All the new employees after Jan 2018 have to put in 4% from every check. Pensions are disappearing.@@glasshalffull2930
YES. Unfortunately, most of the financial RUclips folks refer to it as “savings”, but what they are actually, for the most part, talking about long term investing. Also, the 10% is what the S&P500 has returned on average for the past 67 years and is Gold Standard. One should also have emergency ‘savings’ in a HYSA or laddered CDs.
I hate saving. Too much money i want to go blow. If i have more than 100 dollars i just go blow it at the casino or something so i work as little as i can to get exactly what i need for bills
Free Net Worth Tracker ➡ shop.beacons.ai/humphreytalks/networthtracker
the tracker is not opening
I have give you money to see how much money you have?
👍
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!
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back. most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Safest approach I feel to tackle it is to diversify investments
By spreading investments across different asset classes, like bonds, COMMODITIES, EQUITIES, FIXED INCOME and international stocks, TRADING IN GENERAL they can reduce the impact of a market meltdown
Its important to seek the Guidance of an Expert.
Agreed! this why I work with one. my $870k pōrtfolio is well matched for every market season yielding 85% rise from early last year to date. I and my advīsor are working on more figures this year. IMO, financīal advīsor are the most sought-after pros after doctors
How may I Contact Your licensed advisor as my portfolio is dwindling?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with *KAREN* *MARIE* *GENDRON* for about five years now, and her performance has been Consistently impressive.
Thanks for SHARING this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.
I did get in touch with here googled her name and her WEB page popped up
thankS
Walmart and Kardden Token just signed a collaboration??
I just got laid off from my job today. THANK YOU Humphrey for teaching me about savings. because of your savings and investment advice, It’s a good feeling to have to only worry about your ego being damaged and not having your financial health being immediately impacted.
Good luck finding a new job bro
Sorry to hear that. Hopefully you can find a great job soon. Good luck on your next endeavor
All the best to you 😊
hope you'll successfully land a new job soon
Kardden Token is awaiting major CEX listings. It's possible to hit 100x this year.
Acquiring stocks could appear simple, but choosing the right stock without a tested plan can be very difficult. My main barrier to growing my $210K portfolio, which I've been working on for a while, is the absence of well-defined entry and exit plans. Any guidance on this would be highly valued.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
'Kenna Muriel Hesseling' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
AI stocks are set to dominate 2024. I prefer NVIDIA because they're well-positioned for long-term growth and support other AI companies. I know someone who made over 200% with NVIDIA. I'll also consider the other recommendations you made.
I agree. Just because there are opportunities doesn't mean we should dive in without caution. We should look for market analysis or guidance, or seek advice from certified market strategists.
Absolutely, having a solid plan is crucial. My portfolio has been well-balanced and recently doubled since early last year. My financial advisor and I are working towards a seven-figure goal, although this might take until Q3 2024.
I could really use the expertise of an advisor like that.
Her name is BONITA JEANETTE RODRIGUEZ. Just look her up online
Thanks for sharing. I searched for her name and found her website. I reviewed her credentials and did my research before contacting her. Thanks again.
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 out of devastation.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
'Kenna Muriel Hesseling' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
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.
It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go.
Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle finances properly. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows. Don't go for penny stocks.
Opting for a brokerage Adviser is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 300% since 2022
I could really use the expertise of this advsors.
KATHLEEN CHERYL CONSTANTZ is a hot topic even among the finance elite in America. She's just a search away(on the net)
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Kardden Token will moonshoot after CEX listing..
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...
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
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
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.
It's okay to partially book profits for the stock at 3-5x of the pe that it was bought for. An interesting question is, what one is planning to do with the booked profit. My easy answer would be buying govt bonds. I prefer govt over corporate as the spread is thinning... If you have plans to expand your portfolio, think about companies that are getting massively corrected. As long as it's book support the CMP... I would just accumulate them in small quantities
"Comparison is the thief of joy" -Theodore Roosevelt
Don't compare yourself to others, just compare yourself to where you started and track your journey.
I agree that tracking expenses and net worth is super important. And if we're being honest, chasing that dopamine hit when you see the net worth numbers go up is super gratifying.
definitely agreed!
Absolutely, I track assets, debts, net worth twice monthly. I track all expenses daily, even if $1. Spouse and I had rough early lives, on our own at 16 and 18. Now we are in our 50s and 60s and prospering.
Started investing in early 20s, many decades of compounding. I will never earn more than my portfolio does by working.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
Actually its a Lady. Yes my go to person is a 'LUCIA ALICIA CRUZ '. So easy and compassionate Lady. You should take a look at her work.
These bot conversations are beyond annoying
@@tinsleyLunaSPAM
SHE RESTORED MY FINANCES
Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances.
FinanciaI growth was rapidly gained (gathered over 1M in 2years) through my financiaI pIanner. Got my 2nd house in May, hereby making my goaIs a reaIity.....
Making money is action, saving money is behavior and growing money is knowledge. The basic step to acquiring wealth is figuring out your goals and plans, with the heIp of financiaI pIanner you will gain rapid financiaI growth and enjoy the benefits of managing your finances.
Whosoever tries this sureIy acquires wealth. Get to her....
Thanks dear
This video is packed with invaluable personal finance lessons!
The emphasis on delayed gratification truly resonates with me.
I’ve found that resisting immediate rewards has significantly boosted my long-term financial stability.
Tracking expenses, savings rate, and net worth has been a game-changer.
It’s amazing how these simple practices can lead to financial freedom.
The advice on investing in fewer ETFs and stocks for simplicity is spot on.
I’ve simplified my portfolio and it’s made a huge difference.
Being aware of depreciating assets has saved me from many regretful purchases.
The point about not comparing yourself to others is so important.
Focusing on my own financial journey has reduced stress and improved my decisions.
Avoiding the “30k millionaire” lifestyle is a lesson everyone should heed.
Investing should indeed be boring - it’s all about the long game.
Thank you for these transformative tips!
Has anyone else here implemented these lessons? Would love to hear your experiences!
I absolutely love your videos!!! Thank you for sharing your personal money lessons with us!
It’s wild how many people can “afford” luxury cars but can’t afford matching tires
Right!
...or furniture for their apartment....lol
Because they want to look rich instead of saving and actually be rich.
I'm favoured, $87K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success
Please how do i go about it, am still a newbie on investment trading and how can I make profit?
Thanks to Mrs Telisha Grover
YES! that's exactly her name (Telisha Grover) I watched her interview on CNN News and so many people recommended highly about her and her trading skills, she is an expert and I'm just starting with her
.
I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimony on CNBC news last week.
I love the idea of investing being boring-makes so much sense! I’ve always been tempted by day trading, but I’m realizing the value in just holding steady.
This video is gold! Way to summarize a ton of knowledge and psychology into this!
Simple explanations but so effective! The point about delayed gratification is something everyone should integrate into their life.
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
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 .
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just googled her name 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 call.
I bought something for like a 8.99 at Ross. I got some buyer's remorse afterward for spending money in general...
We are millionaires who struggle to spend.
@@UNDERDOG18UNDERDOG18 but the thing is, I don’t have million dollars 😞
One of the most tangible videos I've seen from you thus far! Basically the 10 commandments
thank you!
This is a fantastic video!!! I really appreciate your work.
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
Paid my house off at 31 years old instead of investing. No regrets
so, are you taking that money that used to go to your mortgage and investing it now?
@@pjm3005 yes
At least you did that instead of blowing money on junk like the average person, but you would have way more money if instead you invested that money rather than paying off your house. And you could’ve even taken out the amount of money needed to pay off your house with plenty of cash left over
Yes looking back is easy though. There is no reason we couldn’t get a big dip that would take 20-30 years to get back. You could lose your job and needed to sell stocks at a bad time etc.
Risk vs reward. Paying of your house is like 5% a year with 0 risk, not bad. Yes in the market you could potentially make double that, but there is also more risk. (Risk is also your ability to deal with losing 50k of your 100 and still keep investing, many will fear and stop investing or pull some out, you only know this about yourself at that point)
In all my years of investing, I’ve come to find out that professional guidance brings about remunerative results. Excellent job Jonas, you exceeded my expectations. Thank you.
I started my investment journey quite late and I must say this is the truth.
There's no doubt that Jonas is indeed a genius. He has continued to put my money to good use. Although I feel his commissions are quite high, excellent service overall.
Hermanw jonas that’s his gmail okay
Jack Bogle's favorite fund became the Total Stock Market index
So number 8 is actually what got me into researching and learning investing. I started investing because a buddy was talking big about it and never would, so i started doing it to see if it was as hard as he said it was... i actually got an investing plan and started doing the research because an investing millionare buddy of mine showed me hes bank account, how he was investing and said if you want to have this kind of money you can just start investing. He didnt start in stocks but is an investor in alot of other fields. He was teaching classes on investing and finance for free at the local college, and kids kept telling him he only had money because he was a rich dude he doesnt understand what its like to be poor.
So he started a robin hood and started investing like he had the money of a college kid. He came back and asked them why they couldnt do it too... and thats when i decided i had to get serious
Are tradind and income incompatible? I think you're not keeping up with the news. While you thought it was impossible, some enthusiasts from Eledator made ai copy trading tool. Everyone now can make money on trading. What do you say now?
Lessons 8 & 9 are golden!
🎉 thank you!
This video is very useful and helpful. Thank you!
Great content! Keep up the amazing work!
Humphrey you are awesome!
You are! thank you for watching
Can you talk about good cybersecurity hygiene for financial accounts? How often do you change passwords? Do you trust third party apps with your financial data?
Great video Humphrey! 👍
Glad you enjoyed it!
I love your insights, they are all very basic. A lot of people won’t do these things because they are so simple, and humans think they have to do something to get rich like tinker with their investment accounts. I am sharing with my children
Right! thank you
Thanks for the much needed reminders covering a wide spectrum of information.. =)
yall got this $$$
What is considered discretionary expenses? Anything that isn't fixed, such as gas in your vehicle, groceries, eating out, etc? Or is it just your "fun money" cuz I'd never have $1500 a month to just spend on whatever
Need a video on auto-enrollment/inner workings of 401K's - Barrons just released an article that most employees do not understand auto enrollments (doesn't mean AUTOPILOT) as well as rollovers, etc.....! Why does GEN Z not realize that you have to deploy your monies/allocate into specific investment vehicles?
its just ppl in general.
Idk why I’m not subbed. I like the content.
Great tips for wealth and financial health/well-being. I like the 30k millionaire since too many young individuals have very little image confidence and have too much time on social media that they have project wealth.
Imformative and helpful video. I like how you set the lessons up like Mah Jong tiles.
Glad you enjoyed it!
How about a budget based on tipped wage
Great video. These are great lessons.
Thanks! 😃
Buying s&p 500 at 2012 is not the same as buying it in 2024. Over 90% of the companies in the index is either getting corrected or selling below it's IV. However, only 8-10 companies are keeping the index at it's position today. So I would be staying invested, however, I will be very cautious. Market is thinning in terms of companies that are supporting the growth currently. It is more sensible to buy individual stocks than investing in index
I don’t use social media 😊
babe, wake up. Humphrey Yang uploaded 👀
Nice touch with the 1815 Up Down
Gonna start investing gonna start with voo gonna be starting with 50$ a week and then slowly move it up
Humphrey do u think it’s too late to get decent returns on Nvidia? I kno I missed the big wave, but what if started today in June 2024 after the 10-1 split?
Not sure I can comment, its up a lot Lol
@@humphrey Fair enough, I kno the whole “this is not financial advice” thing is a completed situation. Thank you for the reply tho, it was worth a shot! lol
Does fix cost include groceries?
3 etfs is best strategy so u can get dividends every month.. all 3 must be low cost
great video
I think everyone here has had enough finance lesson.....but we lack of discipline.
Cool tips here! 📝
LOVE how one of the advertisements during your video was Fidelity active management!
haha, i dotn choose the ads that go into the video, but glad tehy are advertising...
I contribute 8% to my 401K with every check (I get paid biweekly), would that count toward the 10% of savings? Thanks!
Thank you so much for this Mr Humphrey, I kept replaying lesson 6 so I could fully understand it. The idea of the first $100k a lot of people seem to assume it comes from investing and not saving. My question is, where do I grow that $100k?
Must I grow it in a high yield savings account or brokerage account? Please help me if I seem confused.
I’ve never seen a savings account offering 7-10%. 4-5% pretty doable, but I imagine the principle counts more than the interest rate
You don’t do anything different with the first $100k. It’s simply that the returns on your money will be smaller because the initial investment is smaller. You still put it in, for example, an S&P500 tracker but if you get 7% of your 5k contributions that’s not much money. You just keep on going and eventually the interest will start to become more than your contributions. 👍
Thank you folks
What do you think about Zacks or morning star subscriptions for investing advice?
if not attaching file, i'm using just the quick steps with a template reply and recipients
How are you able to see if your vanguard investments overlap? Their interface isn’t exactly that easy to navigate.
I honestly don't understand why you're discussing these dubious schemes. There are plenty of options like Eledator and similar ones that are fast and profitable.
Also social media makes you feel this way because you see it as a blanket view that everybody else has more than you, without realizing everyone has maybe just a few fancy things. But these posts about these things or events get pushed into your feed every week by a different person. Example: If one friend has a vacay once a year and you have 50 friends, it appears on your feed once a week every week of the year. It didn't mean everyone goes on vacation every week. But you might be inclined to think "everyone is vacationing all the time?! Why not me." Now imagine most of us follow more than 50 friends on social media, so that feeling gets only compounded.
It's just a fallacy.
Get the forbidden book Whispers of Manifestation on Borlest, and uncover the secrets they've been hiding.
Where are you getting the numbers for 10% savings? My ally doesn’t even reach 5%.
If the car takes you to work to make money, It's an asset.
It's a depreciating asset, but an asset
All my savings are in brokerage. Nothing for the swim home. Muahaha!
Best to keep savings equal to six months of expenses… just in case!
Absolutely Excellent!!!!
In the example for saving $ in lesson 6 - is the 7.5% return from a CD/HYSA?
Do you count paying off principal on mortgage as savings ?
So it’s completely okay for me to b maxing out my Roth IRA using only the S&P 500? That’s what I just started doing, 291.67 bi weekly. I also started building my emergency fund so $600 bi weekly into a HYSA of 4.6% and contributing more if I have money leftover by the time I get my next paycheck which I’ll likely always will have. Once I have my fully built emergency fund of 6mo ima start focusing on investing into a regular brokerage account. Mainly thinking about focusing that one into dividend stocks. I also just got to the 30K millionaire portion of the video and this is me except I’m around $80k as a welder lol I’m living with my parents and drive an Alfa Romeo Giulia that has now got me $20k in negative equity. But I’m still able to save a lot despite having this car
Great Video..❤
Also I think it’s a good thing to not be the opposite of the 30k millionaire. As in you have millions but youre afraid to spend it on experiences along the way through life or at retirement age.
Would you consider saving for retirement such as your 401k as part of your savings rate?
Yes, that is included. However, the employer match shouldn't be considered as part of it. The main reason is that it's about foundational behavior. If your situation changes and you don't get a match or it decreases, you don't want to suddenly have to come up with the match value that you no longer have. Also, it's nice to get ahead in the game.
To be clear, any talk about a retirement savings rate is about investing, not cash accounts.
Yes!
Arno Crossroad
Wait, do you think cryptocurrency will crash? I don't think so. I'm using Eledator, traders just do business instead of me :) I don't afraid even if crypto will crash
“I don’t afraid”? You need better AI
The 30k millionaire thing was used a lot in 2012. I was working at a bar in uptown in Dallas and these dudes who graduated college act like drunk college kids still just douchebags acting like they’re super rich but they’re not . I feel like today it would be “40k” millionaire.
Can you make a video about pensions?
Pensions are great!!! You have to stay a few years to become vested. After that, each year you stay will give you a few more percent of you salary when you retire. At retirement, you will need less in your 401K to fund your retirement because you’ll have your pension and then at some point be pulling Social Security.
457 here. Fully funded by my employer. All the new employees after Jan 2018 have to put in 4% from every check. Pensions are disappearing.@@glasshalffull2930
Good video
what about ARM
How do you get 10% on savings ? The best HYS I’ve found is 5.2%. Do you mean investing ?
YES. Unfortunately, most of the financial RUclips folks refer to it as “savings”, but what they are actually, for the most part, talking about long term investing. Also, the 10% is what the S&P500 has returned on average for the past 67 years and is Gold Standard. One should also have emergency ‘savings’ in a HYSA or laddered CDs.
i just meant an overall 10% savings rate.
Good video
What happened to the fire level video?
Thumbs-up 👍 👌
The tracker is not opening
make it
I hate saving. Too much money i want to go blow. If i have more than 100 dollars i just go blow it at the casino or something so i work as little as i can to get exactly what i need for bills
I wish I could afford to buy 2 houses and 2 cars...
Where do I put my $100k?
❤❤❤❤❤❤
When I grow up I hope to spend my life groveling over finance, worrying about people screwing me and scheming about how to screw them.