Everyone's gotta start somewhere. It's all about compound interest. Keep adding to your investment account as money becomes available. The best time to start was yesterday, aka it's never a wrong time to start. $200 isn't going to make you rich but ideally you keep adding to it with every new paycheck. But I wouldn't recommend investing if all you have is $200. Gotta build healthy savings to weather a storm first before investing. @@Delishnative
@@Username0467 i learned this info during high school but there seems to be a distinct lack of information about economics in many high school curriculums. Maybe your parents were economists or had a financial background, but that is not the case with a majority of Americans.
For example (and I mean this in the nicest way possible): "Alot" is not a word. It's two separate words, a lot. Allot is a whole different word meaning to give something to someone.
Thank you. I’m 45 and completely ignorant to money management and investment. Which is embarrassing to admit. However I am determined to change this and be a better example to my children. Wanting them to have the tools to be successful in Their future.
Hi Vivian, I’ve been following your advice, and I also bought your book. Your knowledge and advice has helped me tremendously. You are a bona fide rockstar!!!!
Your videos have been truly impressive! As one of your regular viewers, I've been following your content closely for a while now. I'm very interested in making an investment, but I’m still having trouble identifying the right opportunity to fully commit to. I would greatly appreciate any guidance or suggestions you might have in this area.
As a beginner investor, having a mentor to hold you accountable is crucial. Personally, I’m guided by Gregory Leo Cattel, a well-known stock consultant. While I can't share much about him, I recommend searching his name online to find the details you need to schedule an appointment.
I started working with Coach Gregory Leo Cattel back in August, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Gregory Leo Cattel success can be attributed to his unwavering dedication to setting realistic goals, expertly navigating clients through complex financial landscapes while avoiding the pitfalls of unrealistic expectations
Glad to have stumbled upon this, curiously inputted him on the web, easily spotted his consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
It's not so much being lazy as it is being underpaid. If I'm working 10 hrs a day to survive, with little left over at the end of the month, I'm going to have neither the time, energy nor money for investing. Pay me more, let me do just ONE person's job instead of three and I'd love to invest. I think this is the scenario for almost all of the working poor, and increasingly for the lower- and mid-middle classes as well.
You can stopped be underpaid by getting educated. Just getting a certificate or an associates degree can bump your salary by tons. And don’t even complain about the price of education…one college class costs less than what people pay to buy an iPhone or even have monthly service for said phone.
Listening is great start because sometimes what it takes is the smallest steps to get started. With my first summer internship earnings, my dad took me to the bank to get my Roth IRA started. Seeing that money grow, as small as it was, got me more interested in investing. I’m doing pretty well now, but no where near what I could have done if I had someone like her in my corner. My favorite tip for people is consider no fee cash back credit cards like a Chase Freedom, Amex Blue or Discover It card. These cards give you 1% to 5% cash back on different categories, sometimes switching quarterly. It’s free money and if you don’t trust yourself with free range of credit, then at least put things like your streamers or gas on it as these are relatively set expenses. This will help you build your credit and get you cash back in the long run. Since I was a young person I’ve always had good credit control and good spending habits. As a result I put virtually everything on cash back cards and get hundreds of dollars back a year in statement credits or point perks on airlines, etc… Good luck!
I haven't laughed this hard in a while. Thank you for the simplistic explanation for us lazy peeps! I've always wanted to invest however, I have never taken the time to learn the stock market because I won't invest unless I feel like I can grasp all outcomes. This just isn't reality in the stock market. Thank you!!
I'm in the UK and have put a little money in Fidelity but the investments I want to pursue aren't available to me... Which investment engine should I be using to get access to the good stocks, ETF's and index funds 🤷♂️
yeah V you say lazy ... some people have brain damages from auto, boat or plane and disability born that way but I gotcha you long time all night long baby girl
Very insightful article! Could you assist me with something? I have USDT in my OKX wallet, but all I have is the seed phrase (island blind tennis trap moment element print chair state hobby actress finish). How do I transfer it to Binance?
I listened to you😮😢! I actually took my IRAs and did exactly what you said. Unfortunately my choices tanked during the later part of summer when the presidential election was heating up.
Investments can go up and down! If you’re saving for the long term though, they will go up again. In the short term there is more volatility. Not saying this is for sure what happened to you but it could be! Hoping this helps you feel a little less stressed
Hmm 🤔 I don’t really trust the robo advisors at this point in time but I find indexing the simplest way with minimal effort to invest while you learn and gain the confidence to stock pick or actively trade.
@ stock picking is very tricky and in the long run most people don’t make much money on average. You may make money from one company but lose in another. I find ETFs do be more efficient in solving this problem since they are diversified enough where you are getting market exposure and minimize firm-specific risks found in stocks.
Umm... isn't the truth that $1 million or $10 million doesn't matter. Top 1% will just get to live like top 1% and bottom 50% will live like bottom 50%. It's all about percentiles. Reality is not every one can be rich in capitalism. It's just plain math. Point being, being rich is all about relative wealth.
@shhhhock you completely missed the point. I did not reinforce a goal on anyone. Also, the goal that you mentioned might not be the one suited for the next person. Anyways, my previous comment was to highlight fallacy in the statement "I am here to make everyone rich" statement by OP.
@@yashrajsingharora you make a good point - we'll always have the very poor and the very rich. And no, not everyone can actually be rich, let alone very rich. I think the distinction to be made here is that the distance from very poor to very rich shouldn't be quite so far apart. In the last 50 years or so, we've seen much of our nation's (speaking just of America here) wealth siphoned up to the top one percent. Wages for workers have remained stagnant, essentially making us poorer when taking inflation into account. So the gap has widened. Not everyone can be rich, but a whole ton of us ought to be at least a bit wealthier. I don't need to be part of the one percent. But prospering - being able to pay my bills with enough left over for things like investing or higher education - shouldn't be out of reach for so many.
Hi Vivian, I bought your book :) and thank you for sharing your knowledge. I'm just curious though, I saw another short from you (paid promo), where you plug in SoFi. Great promotion, by the way. But now I'm just wondering if SoFi is at the top of your list for top robo advisors because you objectively came to that conclusion?
Unsure about her own true preferences but sofi is a very popular choice among people who invest so it’s not a bad pick either way always do your own research :)
It’s true you can earn a lot on bitcoin but you can also lose your entire life savings if you go all in. Bitcoin is a very high risk high reward investment. For people who aren’t super risk averse it can be PART of their portfolio but implying it can replace a very secure investment like bonds is odd.
@@elizabethr.9359 I suggested that it should be part of a portfolio not the entire portfolio. And if you looked at bitcoin's performance over the last 15 years then it's easy to see why I would suggest replacing bonds with Bitcoin.
What would Life be like if we're all rich ? Who's going to flip the burgers and beacons at your favorite restaurants ? Who's going to clean the restrooms ? Etc...
It doesn’t matter because life won’t be like that so you don’t have to worry or complain because they will always be someone who is starting out just like young kids from another country or young kids who have issues in life and can’t get good jobs. Everyone has issues, sickness, illness disabilities. You have to factor all of those, and even if they were rich, it wouldn’t be able to get those jobs, paying jobs
THANK YOU SO MUCH. I ain’t got but $200 in the account. But I’m determined to turn it around and create generational wealth for my little boys 💪🏽
Hopefully you turn it around, wishing the best for you and your boys!
Make sure you build that emergency fund first before investing though
Good advice from Susan! And you got it, love ♥️ excited for your boys!
Hi. Did you open an investment account with only $200? I'm unsure about the minimum to increase with, thinking $200 is too small of an amount.
Everyone's gotta start somewhere. It's all about compound interest. Keep adding to your investment account as money becomes available. The best time to start was yesterday, aka it's never a wrong time to start. $200 isn't going to make you rich but ideally you keep adding to it with every new paycheck. But I wouldn't recommend investing if all you have is $200. Gotta build healthy savings to weather a storm first before investing. @@Delishnative
Communication is fantastic! Relatable, clear, to the point. She gives great advice. Building wealth is a marathon not a sprint.
Hands down one of the VERY few people worth following! Thanks Vivian!
I’m not looking to be rich but have wealth. Good info to get me there.
It’s obvious that us Americans have not been taught alot. Good channel, thanks!
Some of that was your parents’ responsibility. Not sure why people think everything should be taught in school.
@@Username0467 i learned this info during high school but there seems to be a distinct lack of information about economics in many high school curriculums. Maybe your parents were economists or had a financial background, but that is not the case with a majority of Americans.
For example (and I mean this in the nicest way possible):
"Alot" is not a word. It's two separate words, a lot.
Allot is a whole different word meaning to give something to someone.
@@madeleinec147 is that an example of whataboutism that seeks to avoid the point of the discussion by focusing on an unrelated or minor issue?
Thank you. I’m 45 and completely ignorant to money management and investment. Which is embarrassing to admit. However I am determined to change this and be a better example to my children. Wanting them to have the tools to be successful in Their future.
Hi Vivian, I’ve been following your advice, and I also bought your book. Your knowledge and advice has helped me tremendously. You are a bona fide rockstar!!!!
I appreciate your sage advice and capacity for sharing.
Thanks for dumbing it down for us, Viv! 🌺
You are a miracle worker. Thank you!
Your videos have been truly impressive! As one of your regular viewers, I've been following your content closely for a while now. I'm very interested in making an investment, but I’m still having trouble identifying the right opportunity to fully commit to. I would greatly appreciate any guidance or suggestions you might have in this area.
As a beginner investor, having a mentor to hold you accountable is crucial. Personally, I’m guided by Gregory Leo Cattel, a well-known stock consultant. While I can't share much about him, I recommend searching his name online to find the details you need to schedule an appointment.
I started working with Coach Gregory Leo Cattel back in August, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Gregory Leo Cattel success can be attributed to his unwavering dedication to setting realistic goals, expertly navigating clients through complex financial landscapes while avoiding the pitfalls of unrealistic expectations
Glad to have stumbled upon this, curiously inputted him on the web, easily spotted his consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
Thanks Viv!!!!❤ I really needed this.
Straight to the point as usual.
Enjoy the holidays!
Thank you for all your advice, I really appreciate it
She deserves everything she’s earned ❤
You are a great communicator! Always very helpful advice
You're amazing! Thank you 🙏
Thank you, I follow as best I can, and I show my kids all your tutorials. I hope they can be as successful as you are.
Love you Vivian! 😊
Wealthfront is what I use. It is solid and easy to use, plus the high yield savings account with a debit card is pretty sweet.
How do you get your money back though?
@IVvOOvVI You just transfer it back into your regular bank account. It usually takes a day or two to transfer.
Adore You!!! Thanks for all the insight.
THANK YOU SO MUCH!💜
Bought your book girlie! Let's get it!
Betterment is amazing
Thank you Vivian love your book homegirl!
It's not so much being lazy as it is being underpaid. If I'm working 10 hrs a day to survive, with little left over at the end of the month, I'm going to have neither the time, energy nor money for investing. Pay me more, let me do just ONE person's job instead of three and I'd love to invest.
I think this is the scenario for almost all of the working poor, and increasingly for the lower- and mid-middle classes as well.
They meant lazy to learn. Not lazy to earn.
The rich all have one thing in common: they help the world greatly.
Want to be rich? Provide value
You can stopped be underpaid by getting educated. Just getting a certificate or an associates degree can bump your salary by tons. And don’t even complain about the price of education…one college class costs less than what people pay to buy an iPhone or even have monthly service for said phone.
Was your wedding in a magazine? Stunning.
Either invest in TBills, an S&P 500 indext ETF, or individual stocks where you read the financials. Robo Advisors I don’t trust at all.
Not lazy, per se, poor and terrified. Yes, that. Oh yes, and old. Did I say poor? But I am listening!
Listening is great start because sometimes what it takes is the smallest steps to get started. With my first summer internship earnings, my dad took me to the bank to get my Roth IRA started. Seeing that money grow, as small as it was, got me more interested in investing.
I’m doing pretty well now, but no where near what I could have done if I had someone like her in my corner.
My favorite tip for people is consider no fee cash back credit cards like a Chase Freedom, Amex Blue or Discover It card. These cards give you 1% to 5% cash back on different categories, sometimes switching quarterly. It’s free money and if you don’t trust yourself with free range of credit, then at least put things like your streamers or gas on it as these are relatively set expenses. This will help you build your credit and get you cash back in the long run.
Since I was a young person I’ve always had good credit control and good spending habits. As a result I put virtually everything on cash back cards and get hundreds of dollars back a year in statement credits or point perks on airlines, etc…
Good luck!
Thank God for this woman. I’m tired of being broke and in debt from getting my MBA 😂
I’m retired and want to have greater gains Vivian. Thank you.😎
I haven't laughed this hard in a while. Thank you for the simplistic explanation for us lazy peeps! I've always wanted to invest however, I have never taken the time to learn the stock market because I won't invest unless I feel like I can grasp all outcomes. This just isn't reality in the stock market. Thank you!!
Can you do a video for teens who get their first jobs and best ways to save money for the future?
Thank you ☺️
Thank you!!
Thank you for taking the time and energy to help us plebians😂
I’m 50, forgotten ☹️
My god girl you're helpful
I'm in the UK and have put a little money in Fidelity but the investments I want to pursue aren't available to me...
Which investment engine should I be using to get access to the good stocks, ETF's and index funds 🤷♂️
You are my rich BFF ❤
yeah V you say lazy ... some people have brain damages from auto, boat or plane and disability born that way but I gotcha you long time all night long baby girl
Very insightful article! Could you assist me with something? I have USDT in my OKX wallet, but all I have is the seed phrase (island blind tennis trap moment element print chair state hobby actress finish). How do I transfer it to Binance?
😂 I like you already BFF
I'm still scared!!!😢
I listened to you😮😢! I actually took my IRAs and did exactly what you said. Unfortunately my choices tanked during the later part of summer when the presidential election was heating up.
Investments can go up and down! If you’re saving for the long term though, they will go up again. In the short term there is more volatility. Not saying this is for sure what happened to you but it could be! Hoping this helps you feel a little less stressed
What exactly did you do to your IRA? Did you just put some money in there and match with your employers contribution?
Hmm 🤔 I don’t really trust the robo advisors at this point in time but I find indexing the simplest way with minimal effort to invest while you learn and gain the confidence to stock pick or actively trade.
I wanted to know how I can treat or get rid of the stocks I have
@ stock picking is very tricky and in the long run most people don’t make much money on average. You may make money from one company but lose in another. I find ETFs do be more efficient in solving this problem since they are diversified enough where you are getting market exposure and minimize firm-specific risks found in stocks.
what about the acorns app?
Umm... isn't the truth that $1 million or $10 million doesn't matter. Top 1% will just get to live like top 1% and bottom 50% will live like bottom 50%. It's all about percentiles. Reality is not every one can be rich in capitalism. It's just plain math. Point being, being rich is all about relative wealth.
The goal isn't to live like the top 1% of the population, but to build wealth so you can live comfortably and hopefully pass it onto your kids.
Everything u said except the kids part @@shhhhock
@shhhhock you completely missed the point. I did not reinforce a goal on anyone. Also, the goal that you mentioned might not be the one suited for the next person. Anyways, my previous comment was to highlight fallacy in the statement "I am here to make everyone rich" statement by OP.
Provide value. Every rich person has one thing in common. They help the world greatly.
@@yashrajsingharora you make a good point - we'll always have the very poor and the very rich. And no, not everyone can actually be rich, let alone very rich.
I think the distinction to be made here is that the distance from very poor to very rich shouldn't be quite so far apart. In the last 50 years or so, we've seen much of our nation's (speaking just of America here) wealth siphoned up to the top one percent. Wages for workers have remained stagnant, essentially making us poorer when taking inflation into account. So the gap has widened.
Not everyone can be rich, but a whole ton of us ought to be at least a bit wealthier. I don't need to be part of the one percent. But prospering - being able to pay my bills with enough left over for things like investing or higher education - shouldn't be out of reach for so many.
I'm scared
What if the net swolows my identity
Sorry if this sounds stupid and I may have missed it
, but what what quiz?
You will see the quiz when you go to one of those sites to begin
Step 4 get spam emails from the robots 😂
Thanks
I’m willing to learn but you say this so fast and it takes me a while to get it. But I still don’t understand. I need like baby steps. 😢
How does this effect my taxes
👍
Hi Rich BFF, Will You PLEASE HELP ME 😢🙏⁉️
Oh, she's married? Plot twist! I really just want to know more about which Cary trade is working the best these days.
Hi Ms. Vivian.. I’m 63 n retired.. can I do that
Probably not
How do I hire you?
Just hire a robot online is faster. You probably can’t afford her.
Damn. Insulting your followers that quick? Bold.
“I can teach you everything”
But I’ll cry and complain if you request elaboration or struggle
Mmmmm that was rude. If you don’t want to help people then don’t.
I like you
Hi Vivian, I bought your book :) and thank you for sharing your knowledge. I'm just curious though, I saw another short from you (paid promo), where you plug in SoFi. Great promotion, by the way. But now I'm just wondering if SoFi is at the top of your list for top robo advisors because you objectively came to that conclusion?
Haaaa hahahaaaaa
Unsure about her own true preferences but sofi is a very popular choice among people who invest so it’s not a bad pick either way always do your own research :)
@@elizabethr.9359 thank you Elizabeth 🙂
Is that a picture of her and her husband?
💋
Beep boop
I can give you some cash and you can invest it for me
this is dumb, put everything into the VOO, DCA the VOO and never touch it.
Whatever they tell you to spend on bonds spend on Bitcoin instead❤
ew no.
No..please 😮
It’s true you can earn a lot on bitcoin but you can also lose your entire life savings if you go all in. Bitcoin is a very high risk high reward investment. For people who aren’t super risk averse it can be PART of their portfolio but implying it can replace a very secure investment like bonds is odd.
@@elizabethr.9359 I suggested that it should be part of a portfolio not the entire portfolio. And if you looked at bitcoin's performance over the last 15 years then it's easy to see why I would suggest replacing bonds with Bitcoin.
@@Callimo die poor, your choice.
Can you make a actual video, not YT shorts. Make it crash course 101, simply go over everything be clear and no gate keeping pls.
The explanation was not easy
Google roboadvisor, choose one, fill in info
What would Life be like if we're all rich ?
Who's going to flip the burgers and beacons at your favorite restaurants ? Who's going to clean the restrooms ? Etc...
It doesn’t matter because life won’t be like that so you don’t have to worry or complain because they will always be someone who is starting out just like young kids from another country or young kids who have issues in life and can’t get good jobs. Everyone has issues, sickness, illness disabilities. You have to factor all of those, and even if they were rich, it wouldn’t be able to get those jobs, paying jobs
First, you speak way to fast that is a sign of deception don't trust you.