@@luivis7 We can't change the past. I educated myself by watching RUclips videos didn't start till I was 36. I may not reach 1 million but something is better than nothing.
I’m 25 ive dabbled in the stock market but took a year off, now I’m coming back strong and will start investing 500 a month in a diverse portfolio of stock and crypto. That moneys either gonna be wasted or make me rich mark my words lol
We have trained our kid to save 25% into retirement. Absolute, don’t change, you are young and can live lean. Once you get to thirty you can just let it ride.
Moderation is the key. Money is designed to provide a standard of living. You still have to enjoy life while you're able. Being an old millionaire who hasn't experienced travel or hobbies is a time trade which you'll never get back. So, prepare yourself for financial independence, yet live life. I work with so many people who defer life and aren't happy. MODERATION, MODERATION, MODERATION!!!
To make your first $1 million in only your 30s is an insane achievement. Most folks spend their entire life until they get to retirement age and still don’t reach anywhere near that amount of money. To already have $1 million in your 30s is crazy because you still got your whole entire life ahead of you to grow that $1 million. By the time you get ready to retire, the $1 million could probably end up growing into a few hundred million. 👍
The $547 a month is more reasonable for the average person. However most retirees never leave the workforce with anything close to that. Only %8 percent of the population are miliionaires.
My Roth IRA is up 48% this year, by selling cash secure put monthly and doing the wheel strategy. I'm puting 8k at the beginning of each year and to earn 2% a mo. In 15 years, my account will reach 1.1 million.
With people saying a million won't be worth much in x years. Well, I bought Nvidia at $1, microsoft at $18. Where's it at today? That money in the market rides up with inflation. I was 26, I liked playing pc games on windows operating system and Nvidia graphics cards. Today, I buy funds...much safer lol.
The greatest and saddest year in my life was when I could no longer contribute to my Roth. I maxed out both the day I started working and never made over 100k a year until my mid 30's (now 40) and have a net worth of 1.5M. 95% of my investments are vangaurd retirement age funds.
@andresjmontanez so it's around 3% and the amount you get from S&P is 10% now adjusted for inflation it's 7%. That's why most youtubers and financial people says 7-8% if you put money in s&p. So yes it beats inflation rate.
@@andresjmontanezeven goverment bonds and bank deposits beats inflation, inflation’s only 3% a year, deposits are 4% and obligation’s around 5-7% and those are guaranteed options of investments. If you go into more risky stuff like stocks, or crypto etc. you can definitely easily beat inflation.
I will do in 10 for sure if I keep doing what I’m doing. No kids marry for 15 years wife and I 33 and 32. In 9 years I can make it happen while enjoying my life as well. Hopefully if we are healthy and nothing bad happens. 😊
Remember to buy insurance to make yourself safe from anything that isn’t predictable or hoped to happen. A small set back to put your mind at ease that your hardwork wouldnt (all) be lost because of a single or couple of unlucky things in your life or your family/partner’s life is definitely worth it.
But Brendan, brother do a video on where to invest. Literally to someone that doesn’t have a clue where to and wants to start, where and how is a good way to invest?
Here you go: How To Invest Your First $1,000 in 2025 ruclips.net/video/QrgIGN-NGsI/видео.html If I Started Investing in 2024, This Is What I Would Do ruclips.net/video/Y60p5T97KWE/видео.html
If you don’t mind learning and understanding it, spend some time on what makes an investment good/not, analyze businesses, indexes, watch the news for changes in which sector is gonna benefit from seasonality changes, like if there’s alot of war > gold rises, if there’s a pandemic > pharmacy, hospitals stock rises. So many examples that would (if put in the effort) would give you great returns, but the average person has a decent understanding after 3-5 years of studying and even geniuses may take 1-3 years. So if you’re a bit more laid back and dw to worry just put in money on a blue chip stock
A blue chip stock is a well established company’s stock like apple, meta, google, etc. they won’t always provide the best return and can be rather volatile. But investing without a thought its much safer to go into those stocks, if it goes up or down (u can sell when its going up but honestly if u dont care enough just let it be) it doesnt matter you buy with the same amount of money at the same exact time each month, if it goes down u still buy and u never sell for a very very long period.
Can’t afford to have your money go up and down in the off chance you need it when it’s on a negative? Then go into obligations and deposits, they return less but with much more liquidity and fixed income.
There’s a misconception with how well stocks are, if you look at the past of microsoft. It’s up 450k% or 4500x of whats its worth today, making you a genius and insanely rich if you invested back then. But in reality this doesn’t mean it’s good to invest in it blindly. Like you need a conviction on why you invest in it. Otherwise, look at it’s price from 2000 to 2016 where it was 51$ down to 20 for the next 15 years going nowhere than back to 50 in 2016. If you go in blindly, how likely are you to not sell during that 16 years when you don’t know the future? You might say you’d hold but if you bought microsoft now and it went -50% for the next 15-30 years are you sure you would still hold? The smart growth analysts and fundamental analysts that stuck due to their understanding and belief in it is what made them rich. Whilst the general public all sold and looked for better stocks
Math on this is close, but not 100% correct. That’s why financial advisors are necessary at a certain point. Maybe not right out of the gate, but once you built up your nest egg, they certainly provide value to justify their fee.
I think it would’ve been better do run the numbers with a 7% return. That way the returns are inflation adjusted so the million in 40 years will be the same as a million today.
his was eye-opening! But for the average person, it's a bit overwhelming to think of investing that much per month. How do you guys balance investing with enjoying life now? 🤔
Compound frequency is wrong it should be annually your not getting 9% a month also I don’t understand how people only get 9-12% my average annual return over last 10 years is 33%
Monthly compounding: Interest is calculated and added to the balance each month. Annual compounding: Interest is calculated and added to the balance once a year. It doesn’t mean it’s 9% per month. But yes the darn calculator resets to monthly on its own and I missed switching it to annual, which I prefer.
It’s not as big as it seems like it would be: 1. Compounding monthly: 30 years of investing $500/month at 9% = $915,386 2. Compounding annually: 30 years of investing $500/month at 9% = 851,069 So it’s a 5-10% difference overall, but the point of the video still stands and the fact is that we are all human and make mistakes
@@Constitution1789 I looked up how much a million 2024 dollars was worth 40 years ago, in 1984. It was $330,000. If you invested $330,000 in the stock market your potential investment return is$3,394,286.92 at 6.00% annually for 40 Years. Stop being so negative.
I think you'll want to look at MSCI funds they are multi country funds. They are not total global funds; mostly US stocks with some developed countries. And there's a type of MSCI that includes developing countries, too, I think it's MSCI A or something. If I remember right, the MSCI slightly outpaces S&P and global index funds. My money managers measure their performance against the MSCI in addition to the S&P.
@@matthewhoover6154 I've been looking at MSCI and FTSE all world. But I have no idea which of these two are good. The FTSE have EM also which seems risky but maybe rewarding in future.
I 100% factor in the IRS into this. Unrealized gains aren’t taxed so that doesn’t apply to this discussion. Or pick a retirement account that’s tax sheltered. Many ways to win.
I’ll have to see why I have been investing over $1500 in fidelity over the past 20 years and don’t have a million dollars. Ironic how things are always good on paper but don’t work that way in real life.
Depends on what you’re investing in and what your fees are. If you’re paying an advisor who has you in 30% bonds etc, I can see why the math doesn’t add up.
I got a divorce 8 years ago. I gave her the equity in the house if in return she didn’t touch my 401K. At that time there was more equity in the house, but I don’t think I’d have in my 401K today what I do if I gave her half of it.
The problem is that tax drag and incurring unexpected huge losses (market crash, panic selling, sequence of return losses later on in life) along the way will mean the mythical $1,000,000 balance is comprised of mostly pre-taxed deferred IRA holdings and/or a taxable brokerage accounts with significant unrealized gains/unpaid taxes. So the “liquid” disposable portion of that $1,000,000 could really only be $550,000 after paying taxes in 30 years from now. Not to mention higher tax rates if you take bigger profits in some years.
Unless tax codes change a LOT or you are withdrawing all of that in 1 lump sum (for maybe a Porsche 911 ST, worth it) then my expectation is that we should be able to withdraw a livable amount and pay little to no taxes. The 0% tax bracket on LTCG + standard deduction is substantial.
Is this only accounting for investing in the overall market? Because listening to these kinds of videos, Dividend ETFs can do the same but slightly faster if you are DRIP reinvesting the whole time
@eldersprig a bit subjective, because it depends on the stock or ETF. The video is only accounting for appreciation it seems. It depends on the stock and their growth to which one will outperform the others. So if we're comparing a stock to another that pays a dividend, assuming the same appreciation and one pays a dividend, how do you figure the one that pays you additional money will grow slower? I do agree it is optional to reinvest dividends but otherwise it could be a powerful tool considering it's additional money you didn't have to work for
I did it on my own. No partner. No inheritance. I went from 0 to 1 mil liquid in 21 years.
Hell yeah
@@Tgekiwbx Good work. What was your strategy?
His strategy was have a boring life
This vid makes me a bit sad that I wasn't putting away 200-300 a month when I was in my 20s , but better late than never though
@@luivis7 start now. Do what you can. Something is better than nothing.
@@luivis7 Don’t feel bad, that’s me!!!!
ride on man , currently 35. we on the same boat i just started last week snd still learning world of investing/crypto
@@luivis7 We can't change the past. I educated myself by watching RUclips videos didn't start till I was 36. I may not reach 1 million but something is better than nothing.
I’m 25 ive dabbled in the stock market but took a year off, now I’m coming back strong and will start investing 500 a month in a diverse portfolio of stock and crypto. That moneys either gonna be wasted or make me rich mark my words lol
We have trained our kid to save 25% into retirement. Absolute, don’t change, you are young and can live lean. Once you get to thirty you can just let it ride.
Moderation is the key. Money is designed to provide a standard of living. You still have to enjoy life while you're able. Being an old millionaire who hasn't experienced travel or hobbies is a time trade which you'll never get back. So, prepare yourself for financial independence, yet live life. I work with so many people who defer life and aren't happy. MODERATION, MODERATION, MODERATION!!!
The first million will be a b****. Standing around 800k net worth and estimate will be at my 1 million with 40. With a family of 5 even harder to do.
Im up 44% for the year crazy in large cap
To make your first $1 million in only your 30s is an insane achievement. Most folks spend their entire life until they get to retirement age and still don’t reach anywhere near that amount of money. To already have $1 million in your 30s is crazy because you still got your whole entire life ahead of you to grow that $1 million. By the time you get ready to retire, the $1 million could probably end up growing into a few hundred million. 👍
Definitely not on track for over $100M unless we get 20%+ returns every year
@@BrendanEvan it could easily be 10's of millions.
The $547 a month is more reasonable for the average person. However most retirees never leave the workforce with anything close to that. Only %8 percent of the population are miliionaires.
But where is that 9% return at? Best I've seen is 5% capped at 10k from a bank or 3.8% from dividends when investing
The stock market not savings accounts
My Roth IRA is up 48% this year, by selling cash secure put monthly and doing the wheel strategy. I'm puting 8k at the beginning of each year and to earn 2% a mo. In 15 years, my account will reach 1.1 million.
@@doright8355 but isnt there a cap to how much you can put into a roth every year?
Money is my machine that makes money 😂
With people saying a million won't be worth much in x years. Well, I bought Nvidia at $1, microsoft at $18. Where's it at today? That money in the market rides up with inflation. I was 26, I liked playing pc games on windows operating system and Nvidia graphics cards. Today, I buy funds...much safer lol.
Thanks for the video!
No worries!
Great info! Thank you
Glad it was helpful!
thank you
Thanks Brendan
You got my follow!
i cant find that specific tool on dave ramseys website whats it called
If I remember correctly, it's either called an investment calculator, or a retirement calculator.
The greatest and saddest year in my life was when I could no longer contribute to my Roth. I maxed out both the day I started working and never made over 100k a year until my mid 30's (now 40) and have a net worth of 1.5M. 95% of my investments are vangaurd retirement age funds.
It's really hard to go against inflation
@@andresjmontanez it really isn't just go with S&P
@ you sure about that? How much is the yearly Monetary Inflation?
@andresjmontanez so it's around 3% and the amount you get from S&P is 10% now adjusted for inflation it's 7%. That's why most youtubers and financial people says 7-8% if you put money in s&p. So yes it beats inflation rate.
@@andresjmontanezeven goverment bonds and bank deposits beats inflation, inflation’s only 3% a year, deposits are 4% and obligation’s around 5-7% and those are guaranteed options of investments. If you go into more risky stuff like stocks, or crypto etc. you can definitely easily beat inflation.
I will do in 10 for sure if I keep doing what I’m doing. No kids marry for 15 years wife and I 33 and 32. In 9 years I can make it happen while enjoying my life as well. Hopefully if we are healthy and nothing bad happens. 😊
Remember to buy insurance to make yourself safe from anything that isn’t predictable or hoped to happen. A small set back to put your mind at ease that your hardwork wouldnt (all) be lost because of a single or couple of unlucky things in your life or your family/partner’s life is definitely worth it.
my employer 401k has a 160% match and I get 3% of company stock each year.
160%?
@@BrendanEvan yea up to 2.5%
2.5% match is below industry standard. My company matches 12% of my base and bonus salary.
@@kal8109 2.5% match at 160% plus 3% stock from salary and my health insurance is $24 a week blue cross and blue shield.
But Brendan, brother do a video on where to invest. Literally to someone that doesn’t have a clue where to and wants to start, where and how is a good way to invest?
Here you go:
How To Invest Your First $1,000 in 2025
ruclips.net/video/QrgIGN-NGsI/видео.html
If I Started Investing in 2024, This Is What I Would Do
ruclips.net/video/Y60p5T97KWE/видео.html
If you don’t mind learning and understanding it, spend some time on what makes an investment good/not, analyze businesses, indexes, watch the news for changes in which sector is gonna benefit from seasonality changes, like if there’s alot of war > gold rises, if there’s a pandemic > pharmacy, hospitals stock rises. So many examples that would (if put in the effort) would give you great returns, but the average person has a decent understanding after 3-5 years of studying and even geniuses may take 1-3 years. So if you’re a bit more laid back and dw to worry just put in money on a blue chip stock
A blue chip stock is a well established company’s stock like apple, meta, google, etc. they won’t always provide the best return and can be rather volatile. But investing without a thought its much safer to go into those stocks, if it goes up or down (u can sell when its going up but honestly if u dont care enough just let it be) it doesnt matter you buy with the same amount of money at the same exact time each month, if it goes down u still buy and u never sell for a very very long period.
Can’t afford to have your money go up and down in the off chance you need it when it’s on a negative? Then go into obligations and deposits, they return less but with much more liquidity and fixed income.
There’s a misconception with how well stocks are, if you look at the past of microsoft. It’s up 450k% or 4500x of whats its worth today, making you a genius and insanely rich if you invested back then. But in reality this doesn’t mean it’s good to invest in it blindly. Like you need a conviction on why you invest in it. Otherwise, look at it’s price from 2000 to 2016 where it was 51$ down to 20 for the next 15 years going nowhere than back to 50 in 2016. If you go in blindly, how likely are you to not sell during that 16 years when you don’t know the future? You might say you’d hold but if you bought microsoft now and it went -50% for the next 15-30 years are you sure you would still hold? The smart growth analysts and fundamental analysts that stuck due to their understanding and belief in it is what made them rich. Whilst the general public all sold and looked for better stocks
Math on this is close, but not 100% correct. That’s why financial advisors are necessary at a certain point. Maybe not right out of the gate, but once you built up your nest egg, they certainly provide value to justify their fee.
I think it would’ve been better do run the numbers with a 7% return. That way the returns are inflation adjusted so the million in 40 years will be the same as a million today.
Easy enough to do if you want:
10 years: $5847 per month
20 years: $1971 per month
30 years: $856 per month
40 years: $405 per month
This guy said “save your money, don’t get an investment advisor… (instead just pay me to get access to my member only videos)” haha. Funny dude
Never said instead of a financial advisor, become a member. I’m not offering financial advice in those videos.
his was eye-opening! But for the average person, it's a bit overwhelming to think of investing that much per month. How do you guys balance investing with enjoying life now? 🤔
We’ve definitely turned down the investing knob and I’m trying to be ok turning up the lifestyle knob
Compound frequency is wrong it should be annually your not getting 9% a month also I don’t understand how people only get 9-12% my average annual return over last 10 years is 33%
Monthly compounding: Interest is calculated and added to the balance each month.
Annual compounding: Interest is calculated and added to the balance once a year.
It doesn’t mean it’s 9% per month.
But yes the darn calculator resets to monthly on its own and I missed switching it to annual, which I prefer.
@ compounding monthly verse compounding annually is a big difference and it affects those numbers in the video
It’s not as big as it seems like it would be:
1. Compounding monthly: 30 years of investing $500/month at 9% = $915,386
2. Compounding annually: 30 years of investing $500/month at 9% = 851,069
So it’s a 5-10% difference overall, but the point of the video still stands and the fact is that we are all human and make mistakes
Yeah, but Brendan, in forty years, a million dollars won't be worth very much.
*shakes fist*
I unintentionally read this comment as he was saying it in the video 🤣
@@Constitution1789 I looked up how much a million 2024 dollars was worth 40 years ago, in 1984. It was $330,000. If you invested $330,000 in the stock market your potential investment return is$3,394,286.92 at 6.00% annually for 40 Years. Stop being so negative.
@Constitution1789 it's better than not having it, like most people at retirement age
@ he is quoting what the video creator said exactly. He’s just joking
What is the average return of a global etf/index fund ?. I really can't find any information about it but only SP500
I think you'll want to look at MSCI funds they are multi country funds. They are not total global funds; mostly US stocks with some developed countries. And there's a type of MSCI that includes developing countries, too, I think it's MSCI A or something. If I remember right, the MSCI slightly outpaces S&P and global index funds. My money managers measure their performance against the MSCI in addition to the S&P.
@@matthewhoover6154 I've been looking at MSCI and FTSE all world. But I have no idea which of these two are good. The FTSE have EM also which seems risky but maybe rewarding in future.
Yeah, but you forgot one thing! The Internal Revenue Service!!!! You will not reach One Million, because the IRS will take 25-30% of it.
I 100% factor in the IRS into this.
Unrealized gains aren’t taxed so that doesn’t apply to this discussion.
Or pick a retirement account that’s tax sheltered. Many ways to win.
I’ll have to see why I have been investing over $1500 in fidelity over the past 20 years and don’t have a million dollars. Ironic how things are always good on paper but don’t work that way in real life.
@stevenmccrate258 good to know, it doesn't add up.
Maybe real estate is the only tangible investment for most people
Depends on what you’re investing in and what your fees are.
If you’re paying an advisor who has you in 30% bonds etc, I can see why the math doesn’t add up.
Think about being ransacked (divorced) and then started over while needing to recover and save ... chop chop
I got a divorce 8 years ago. I gave her the equity in the house if in return she didn’t touch my 401K. At that time there was more equity in the house, but I don’t think I’d have in my 401K today what I do if I gave her half of it.
Math is wrong. The calculator was set to compounding 9% monthly on the video. Should have been set to annually.
@jpmgeo6549 your math is wrong, the real world compounds daily
I think 1 million dollars in 40 years would roughly be worth 200k. So it wouldn't last all that long sadly
Can you share good investment form who can help me build portfolio? Please do not recommend Carol constable etc.
form? Just VT and chill.
Not NON-EXISTENT person.
Started a little over a year ago and thanks to the bull market. ( lots of thanks actually) im up to over 80k
Lol. If I was making $300k a year I wouldn't need to invest in the stock market.
No? I still would.
Shoveling away $150k per year in just cash is a big waste of opportunity
needs more axes
or maybe adzes
The problem is that tax drag and incurring unexpected huge losses (market crash, panic selling, sequence of return losses later on in life) along the way will mean the mythical $1,000,000 balance is comprised of mostly pre-taxed deferred IRA holdings and/or a taxable brokerage accounts with significant unrealized gains/unpaid taxes. So the “liquid” disposable portion of that $1,000,000 could really only be $550,000 after paying taxes in 30 years from now. Not to mention higher tax rates if you take bigger profits in some years.
Unless tax codes change a LOT or you are withdrawing all of that in 1 lump sum (for maybe a Porsche 911 ST, worth it) then my expectation is that we should be able to withdraw a livable amount and pay little to no taxes. The 0% tax bracket on LTCG + standard deduction is substantial.
Is this only accounting for investing in the overall market? Because listening to these kinds of videos, Dividend ETFs can do the same but slightly faster if you are DRIP reinvesting the whole time
no dear. SLOWER. Dividends do not grow as fast as non-dividends.
and you should always reinvest your distributions
@eldersprig a bit subjective, because it depends on the stock or ETF. The video is only accounting for appreciation it seems. It depends on the stock and their growth to which one will outperform the others. So if we're comparing a stock to another that pays a dividend, assuming the same appreciation and one pays a dividend, how do you figure the one that pays you additional money will grow slower? I do agree it is optional to reinvest dividends but otherwise it could be a powerful tool considering it's additional money you didn't have to work for
Keep your head down king. Stop looking at Porches Brendan 😂
The Porsches keep looking at me