How To Go From $0 to $100,000+ in 2024
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- Опубликовано: 22 июл 2024
- 🐪 Hump Days Newsletter ➭ humpdays.substack.com
In this video I'll show you simple strategies to get to $100,000 in Net Worth this year. We'll break it down, talk about irreplaceability, leveraging your skills, and ultimately helping you to earn more money.
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Timestamps:
0:00 - Intro
0:30 - Charlie Munger's Advice
1:00 - How Your First $100K Is Actually Made
2:06 - The Math For Your Next $100,000
2:30 - Breaking Down $100,000
3:15 - How I Would Do It
4:00 - Irreplaceability
4:57 - Your High Income Skill
6:07 - An Exercise You Can Do
7:00 - Learning Skills
8:52 - Cutting Costs
10:00 - A Note on Frugality
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Hope you all make $100,000+ this year! Here's the link to my free newsletter ➭ humpdays.substack.com
Hey Humphrey, I made a video about my TOP financial RUclipsrs and you are on it! Check it out and let me know what you think! :) Cheers!
Hey I am a high schooler.
Can you recommend me some books plzzz for business
@@rishavraj2019cashflow quadrant... l read it when l was finishing highschool... changed my life.
@@rishavraj2019 That depends on what type of business and what you want to learn to do, be a bit more specific mate :)
Do you still keep in touch with Brian Jung and Bruce Wang? I found about your channel through them.
Anyway, been watching your stuff since COVID started. Holy shit you are popular now.
I've been observing the market from the sidelines for a while, and while it may not seem like much in the long run, I'm in it for the long haul. Nevertheless, how can I make real money to boost my $200K portfolio, which appears to be stagnant, and optimize my return on investment?
It's not difficult, but you have to learn and handle. 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, rather than betting on penny stocks.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
Impressive can you share more info?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge
Very true, despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 950k that same year. In reality, all I was doing was getting professional assistance.
Very true despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 950k that same year. In reality, all I was doing was getting professional advice.
how can I participate in this? I sincerely aspire to establish a secure financial future and I am eager to participate. Who is the driving force behind your success?
I'd say a little due diligence on "Dianne Sarah Olson" truly exceptional
This is great. Nearly perfect for every young person to watch. A little more focus on the reasons you might want to get to $100k. I want to worry less, I want to be able to help family, I want to travel more, I want to donate more to Doctors Without Borders, I want a $20k yurt at Coachella. Young people rarely know what they want. In my 20s someone helped me with a few goals. It unleashed the power to making the first 100k. I was lucky for that.
Keep up the awesome teachings!
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it. Investing is a long-term game. It's just hard to focus on the long term playbook when I'm already in a massive loss
Fortunately, I know someone who can help, a pro with a real world experience at cambridge investment research, INC. " Kathleen Carole Yanelli ". Found her on a CNBC financial interview. I'm sure she can help you if you dare to look her up.
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better.
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Investment advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses, minimal insurance, cut utilities.
@@AstaKristjan I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
@@simonbad Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.
@@Erinmills98 Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls?
@@IrenaDolinsek Avery Barnes Whidden. She's a reputable tutor who showed me that profits can be produced in both bull and downturn markets. She talks about investing, insurance, making sure your retirement is well-funded, and searching for methods to create a volatility buffer for investment risk, among other topics.
As an lnvestment 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?.
The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.
The best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Her name is. 'RACHEL SARAH PARRISH’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Successful investing/trading is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
Cant reveal much info,Lisa Angelique Abel is the shrewd advisor responsible for my portfolio success, it's only right you look her up and confirm yourself.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
If you want to make massive profits, it's only right you put in a significant sum
Strategic investment is important. My ideal investment is a varied portfolio that includes stocks, bonds, and ETFs. It gives excellent long-term return and has performed admirably thus far, with the assistance of an asset manager on the side. 10xing my portfolio in a few years does not seem too far-fetched to me.
Yes, hiring a pro totally makes sense; competence surpasses ideas. 🔥
All thanks to Lisa Ann Moberly, I'm on the lane to financial freedom and early Retirement 😄
I've always wanted to work with an FA but didn't know how to go about it, thanks this was really helpful, I just looked her up and booked a call.
Please how can i grow my small account? I keep losing trying to grow my account
Investing without a strong understanding of the market is not prudent. I suggest consulting Expert Rosie for guidance and advice.
In trading, success hinges on strategy, grasping market dynamics, timing entries and exits. For novices, seeking guidance from an expert is crucial.
Rosie's strategy stands out as the most effective among other experts. Many others are not dependable.
My friend has been talking about Rosie, and I'm considering giving her a chance to demonstrate her skills in the market.
Please guys what's the best way to get in touch with her?
"write down a few things you're good at"
me: "sobs"
DM👆👆.
😭
Me too😆
You can cry professionally. Some funeral homes need mourners 👌🏾😁.
Hahahaha. Me too. Laundry, maybe!?!?
Thank you Humphrey. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
consider financial planning.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@@yvonnejoordan staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to Yvonne Annette Lively.. my Investment-Adviser.
@@debstrodovan Found Yvonne Annette Lively, I wrote her an email and scheduled a call, hopefully she responds, I plan to end 2023 on a woodnote financially.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@esther.74 That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
My Financial adviser is ‘’Laura Marie Ray’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Currently at $15500 at 17, hoping to reach 100k by 20-21 🤞
Wow, what do you do
@@tonderaimusakwa6619 I washed dishes at a restaurant for a little over a year... Recently I left however because I worked incredibly long hours and I want to really focus on my school grades this year. So this year I'm going to try figure out a way to make money a more efficient way and not trade my time for a shitty wage
I suggest you go to college but don’t borrow any money to pay for it. And major in business. Congratulations on your achievement at such a young age.
Choose low cost good colleges. Don't take debt to study in college... You are well ahead buddy...
Look into a technical school. No need for college. Do not go into debt for college where your 1st job out doesnt amount to the debt occured. IE, 40k in debt, but only make 30k coming out
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&s isa but its hard to bite the bullet and do it.
@@alexanderfinlay9639 I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@Agatha Riley this is stunning, pls what mode am I gonna use to reach out?
Put it all into dividend stocks and then keeping dollar cost averaging. I’ve been investing through the bear market and unlike most people who are down 20-30% or even 50%, I’m only down 5% on the year. I cut losses at around 20%; sometimes I wait for recovery, but if the stock goes back to that level, I sell. I like stocks that aren’t so volatile like SCH, JEPI, JEPQ, VZ, T. I try to keep my dividend yield at 7-8%
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
The name of my investment advisor is "Sharon Louise Count." She is a true genius when it comes to diversified portfolios, which make portfolios less susceptible to market downturns, and has a strong reputation in her area. You may already be familiar with her name; a Newsweek article gave me the information I needed. She is someone you could Google.
Now we just need to see the Blcktken300 price also move in the same direction as these charts. Up. Very Up.
I want to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k. Somehow this video has helped shed light on some things, but I'm confused about the current market volatility, i'm open to ideas...
It's not difficult, but you have to learn and handle. 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, rather than betting on penny stocks.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
Interesting! I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
*Sharon Louise Count* is my Advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
1. Read his newsletter 😆
2. Be irreplaceable
3. Find high income skill (natural talent)
4. Start service based business
5. Cost cutting behavior
I think it would be more entertaining to show people how you made $100,000 in a year and then what you did to grow that to $1 million.
I disagree. I think these kinds of videos are important and I think Humphrey did a great job explaining. If you have the ability to reach 100k, I think you can apply the same values and skill sets to get to 1m given the right amount of time.
When the Great Depression and other huge catastrophes occurred, I used to believe that everyone went bankrupt, but they didn't... Some made millions; I also assumed that everyone closed their businesses during these times, but certain did start new ones. It all depends on your point of view; there will always be moments of prosperity for some individuals and times of depression or recession for others. My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my life savings of $200k crumble to dust.
I always found the idea of using spreadsheets very time consuming and unnecessary. I just dump a bunch of money into my savings accounts each month and keep my spending money in a separate account and try to spend as little as possible.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of a financial market expert
Yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my investment advisor, *KATRINA VANRENSUM* she's seen dozens of market cycles over the past decade, and she has a feel for how they move, why they move, and what comes next.
True, we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this investment advisor that guides you help?
I love her insights and innovative approach to how ETF’s are run. So different from the stale methods of managers I’ve worked with in the past. She will continue to do well and I will continue to listen to her more. You can just put her name on google and you will be directed to her website and drop her your messages.
THANKS. Just what I needed to watch. My husband and l are administtrators of our farming bussiness and our own properfies, as well as small pensioins. I am almost 56, my Wife is 52. We have started sav ing for retiirement from the farm and maybe Iive off rentaI lncome, l wouId reaIIy appreciate it if you wouId do a video on how to eearn passive income onIine and retire comfortabIy let's say 1 miIIion bucks.
Consider financial planning.
@@LucianoBjorn There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@George Oscar Thats true, l've been geting assisfed by my FA for aImost a year now, l startfed out with Iess than ($200K) and I'm just ($19k) short of haIf a miIIion in profiF.
@@MathiasManon That's fascinnating, how can l gett through to ner. l've got a dwind1ing portifoIio
@@shuanhartill She is Samantha Cecille Muncy, My consu1tat
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
Time in the market beats market timing. Some people think they can view investing as a get-rich-quick scheme, but it doesn't quite work that way. It's a long-term commitment as you can see from humphrey's portfolio performance.
@Trevor Ogden Admittedly we are only one information away from amassing wealth, I know many people who made their fortunes from the Dotcom crash as well as the 08' crash and i have researched similar opportunities in this current market, could this person who guides you help?
@Trevor Ogden This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Your videos are always on point ❤ You and Gary Joe Wilde are highly recommendable investing coaches every investor who wants to get rich investing must work with and embrace closely. Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.
Cardone too. Btw, Gary Joe Wilde is SEC regulated. They aren't permitted to own or operate an Investing video channel.
i prefer gary's method; simple &straight forward i have made over 40K gain a few months with him. In all honesty, wish i had known about him earlier.
@@sakhalittle9206 Same here wish I knew him before the crash.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Olivia Maria Lucas and everything changed. In in the first quarter of this year i made $370k and counting.
Impressive, that sounds good but how do I reach out to Olivia ?
Olivia Maria Lucas really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Sam Deymon confidence level gives us motivation to learn and keep trying even after loss.. Thank Sam.
I also started with 6000£ last month and my portfolio has grown tremendously to what I can't imagine
Listened first time, liked it very much & decided to follow regularly.
ꜱᴇɴᴅ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇꜱꜱᴀɢᴇꜱ ʀɪɢʜᴛ ᴀᴡᴀʏ
interested to take part In the coming trade.
ꜱᴇɴᴅ ᴀ ᴅɪʀᴇᴄᴛ ᴍᴇꜱꜱᴀɢᴇꜱ ʀɪɢʜᴛ ᴀᴡᴀʏ
interested to take part In the coming trade.
Sam's analysis is really helpful.
With the way the market is moving, we'll mostly hold for longer than 2025 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making up to 250K within few months and I'd like to know how
For decades, government policy has been throwing the future under the bus. The day of reckoning is coming. I expect the stock market to crash as much as 80%. Investors will rush out of stocks and into real assets, There's going to be no cash in the banks.... You need a survival plan.
I do not know much about the market but based on little knowledge i have on economic supply and demand, this is the best time to venture into the market but the only thing holding me back is the steady fluctuations in prices which is not suppose to be a problem, but i really need guidance because i want to use this avenue that everything is on discount to build a dividend yielding portfolio.
Kaitlin Rose Sternberg does a good job. She is quite the genius in portfolio diversification. You can look her up on the web as she is SEC regulated.
@@cosminmiclau I think it's brilliant to use a brokerage advisor for investing! Prior to speaking with an advisor, I was actually suffering an investing nightmare during the economic crash in March 2020. In summary, with the help of my advisor, I have so far grown my initial $120k investment to over $550k.
Need to have plans for huge crash coming due to inflation, bank collapses and recession? I am thinking of using my 401k and other savings for silver or cold coins along with other real assets, and real estate(if you have cash).
Is there anything like proof recession stock? I am 58 years and would like help in managing my retirement portfolio which is currently $1.25M...down from a high of $1.67M….
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@@Nickfaldo7 Whom is this individual guiding you? I lost over $9000 just last week, So I’m in dire need of a Guide.
The investment-advisor guiding me is Diana Luise Hines, she is popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@Nickfaldo7 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I can totally see Mr. Yang reaching 1.5M subscribers by 2023 ends, good content bruh :)
Do it. Blcktken300 already in my bags. I had a Blcktken300 after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.
Great message Humphrey. Though this is basic and common sense we tend to ignore and focus on more spending than earning... Thank you for putting this together...
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@hermanramos7092 Impressive can you share more info?
@@hermanramos7092 She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I already own Shares of Tattooed Chefs, Apple and Amazon I will add TSLA shortly too. But I will appreciate a video on short term profitable investment that could generate up to $1M in passive income for retirement
For a successful long-term strategy I recommend you seek the guidance of a broker or financial advisor, Who will advise you buy stocks with market-beating yields and shares that at least keep pace with the market for a long term.
Very brilliant idea, I was managing my portfolio by myself using RUclips and Incurred a huge loss which made me hire an advisor. It's been 2yrs already and I have made up to $380K in returns and would pay fully for my 3rd rental property in Ohio by next month.
Credits to *Sharon Louise Count* one of the best portfolio manager;s out there. she;s well known, you should look her up
She actually appears really understand the market. I just did a Google search for her name and found her webpage, I appreciate you sharing
I completely agree. The first $100k was the toughest for me, and I didn't really start seriously investing until I was 30 back in 1998. Today, I'm 53 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. good one sir, did you stop investing or are you still in the game?
how did you go about this sir?
@@gagnecaron658 i'm still active yes, most of my etf's are still in the works and my FA and i have plans for more promising investments so i'm not stopping anytime soon
@@stanleyfujiwara1394 who is your financial coach, do you mind hooking me up?
@emilyhowe3359 I can't leave his detail here but you can look him up, his name is James Fletcher Brennan
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a Fin-Advisor) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.
In order to make profits from trading you need loads of experience and a well defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly. Diversify! this will help you spread risk.
Nice script.
Seen these posts verbatim on other videos.
He has a video about index funds for beginners, which largely discusses that picking individual stocks will almost always loose money - even professionals can’t do it more than half the times. Instead, he suggests index funds and other large compilations of stocks and bonds and then just leave it alone. Adjust risk/reward tolerances, but don’t worry about timing or beating the market. The longer money is left in and left alone, losses will disappear with time.
Asfar as frugality goes what helps me a lot is to multiply everything times 10. If i feel like that thing is still worth it or at least bearable I'll buy it.
If not ill look for cheaper alternatives and repeat the process until i either find something at a price i can accept or i just don't buy it.
The reason i use this particular idea is because for me every cent i possess has the capability of growing exponentially through compound interest.
That 4.00 Starbucks coffee doesn't seem nearly as appealing once you realize it could cost you an additional 36.00 in additional wealth over time.
Ill stick to brewing my own cheap generic coffee at home and retire early.
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless. I’ve only ever saved($510,000), never invested but want to start.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
As with any big financial decision , it’s important to keep your guard’s up for economic risks. However, smart planning ,time management and seeking advise from a financial adviser can help keep you and your money safe.
@@sherryie2 Yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to know them better, and strike when the opportunity presents itself. I learned that from my mentor, "NICOLE DESIREE SIMON" she's seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
@Phil Stones Most likely, you can find her basic information online; you are welcome to do further study.
I went from $0 in July 2020 to my first 100k in about two years - summer 2022. Im a debt free truck driver so I was able to chunk most of my net income onto my 401k, roth ira & my taxable acct. As of today I'm already up to 132k. Mathematically I should be between 150 & 160 now of not for the brutal 2022. I already see it speeding up
DAMN!!! This is inspiring
hi quick question i’m from europe so we have different systems; what exactly are those things you’ve mentioned?
UK: SIPP or Pension / IRA is: ISA
basically retirement accounts via a govt or employer program, or individual ones
Good for you !👏🏽 you must drive for Walmart or you’re a specialized hauler that never goes home 😂😂 just random guesses .
when we talk about 100k - does this mean in cash (liquid) or combined over all investments (401k, robinhood, acorn, etc etc? thanks
All Investments. One shouldn't have 100k liquid unless you are Saving it for a large downpayment
Just all together.
I'm not the online course type of guy I'm a heavy construction carpenter I do bridges for a living but my side hustle is scrap steel or all metals it averages me probably on the low end 5,000 a year on the high end 12,000 I'm going to have to step up my game.for 100,000k
Sam Deymon has been of great help on my behalf and his tutelage has brought me to a read more.
So happy I found you. I have no idea how you would see this comment but if you do, I’m in a dilemma. My mortgage is $300,000+ and is my only debt. Should I try to pay that off as quickly as possible or should I focus on using that money to POTENTIALLY amass greater wealth in that same time frame and then use the difference to pay my mortgage and have money left over to continue to grow and reinvest?
I am so torn. I have investment accounts and a growing side hustle IN ADDITION to a stable job that already pays me $140k+ per year. I just can’t decide what to do with that flow of money. I feel like if I pay my mortgage first, it will take me that much longer to amass wealth after that. And if I focus on wealth generation first, I can’t decide how risky that is vs paying off my mortgage
Great video and advice! Transparent and realistic! High in demand skills can lead to six-figure income!
Boom!
This video truly is a gift, thank you, Humphrey. As a young man who is trying to get his savings/life in tip-top shape, this means so much! Rock on!!!
Great video. watch several voutube videos on how to
trade in the market but haven't made any headstart
because they are either talking some gibberish or Sharing their Story of how they made it and do not want to make mistakes by taking risks in my own handswil
Have you tried reaching out to Oliver Amalia? I heard she's an amazing trader and can help beginners actualize and maximize profit
This is not the first time I'm hearing of this Trader Oliver Amalia and her great techniques but I have no idea how to reach her
Please how can I reach her? I’m in London
Thank you so much ma'am you just made my day…. I've just started my first trade with her. Super excited !!
Wow! This is mind-blowing. At least it proves that people make money from the stock market. I have set aside about $89k to put in the market, but I fear I lack the skills to pull off results such as this. Are there specific skills I need to learn or alternative moves I could. make to make really huge returns.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.
For real, people underestimate how much they can rake in from the stock market. Started with $127k just before the pandemic hit. Many people's portfolios tanked, but I rode through with my financial advisor, and even made more than $186k within just five months of starting, and it's been an awesome ride since then.
@@ericmendels Wow! This is just mind-blowing. I have set aside $80k since the start of the year, but I've been hesitant to go into the market by myself because of fear of a crash. How about you recommend your financial advisor, please? I could really use some help.
Her name is Sharon-Louise Count. You could check her out yourself if you want.
@@ericmendels Thank you very much. I have an already existing portfolio. Do you think I could get that transferred and managed?
I'm on this very road myself! I really like that you made the note you did as it comes to frugality. To me, there's a massive difference between being frugal and being cheap. Being frugal is just becoming conscious of where you spend your money and cutting back on the things that really bring no joy to your life and are costing you extra money for no reason. This doesn't mean you can't enjoy your life and spoil other people, it just means you're more conscious. Great video Humphrey!
thanks spencer, your comments are always so great bro.
@@humphrey I appreciate you Humphrey! I know what it means to me when people support on my channel, so I always try and return the favor. I always watch your vids either way and writing a comment is a small way to show my support rather than doing nothing!
This is a PERFECT video Humphrey! This is actually one of my goals this year. Thank you!!
You can do it! Thank you for the comment
@@humphrey thank you!!!!
@@humphrey thank you! Humphrey what are your thoughts on IPO stocks?
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@Bireshprema You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
Great video. Wake up call video. No Choice but to save save save. Thanks for the great advice as usual
Glad you enjoyed it!
When I comes to eating out, I’ve tried changing out my 5-6 time a week at a fast food place for once a week at a nicer sit down place. Sure the fast food is cheaper each time but the quantity of what makes the poison, goes from 15x5=90$ to 25x1=25$. The one, slightly nicer meal makes me actually look forward to eating out and just the mundane thing I do because I’m hungry and lazy 😂
I love this! I do the McDonald’s 99 cents on most days and I skip the soda and just get a cup of water when eating out! It adds up!
Great to always revisit the fundamentals
Boom
So, you’re either good at sports or money… so the person that masters both is a wonder
Does this mean i should buy gme stocks?
7:43 Can someone give me some examples on how to "apply gigs online"?
I am disabled, making 2k a month on SSDI. Took me 9 years but I made my first 100k. When i became disabled I cashed out my 401k (with a 50% match that's insane not to do it, best interest you can get just from that), bought a fixer upper in iowa so now I have no house payments, $800 in property taxes a year, cheap utilities, cheap groceries (plus I garden in a wheelchair). Lots of scrimping, we're talking hard scrimping. It is doable even from the bottom. Now things get fun.
This is amazing. “How to build wealth”
The first step to building wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances through my financiaI planner. Got my house in Feb, and hoping to retire soon.
hints if you don't mind
*Whitney Kay Stacy*
found her online, l’m amazed to partake on this, lt has rekindled the fire to my goals.
Man tysm for your practical and actionable content. Really helps me having to start over at 34.
My $750k portfolio is now down to $492k. "How can I profit from the current market?" I mean, I've heard of folks getting up to $350,000 in a couple weeks during this downturn, and I'd like to know how.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@talented009 wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
Elise Marie Terry is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@talented009 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I love the tip where you change your lifestyle to save money. Eating at home is a no-brainer but many people still miss it as an opportunity to save. I'm really guilty about that too but I'll be doing my best to reach my goals this year.
How would you suggest investing our money so that we get an annual rate of return?
Thanks! Figured I owe ya at least a beer with the great info!
Thank you for the video
You're welcome
Thanks Humphrey, I think the point here is, learning how to start small, baby steps, doing whatever that is within your abilities to earn that extra income at the same time build on those abilities or skillsets that you may have/yearn. Hang in there people, we will all get there, one step at a time
Great share and thank you! So true, the start of financial freedom begins with managing what you have now.
Okay so basicly the more money I have in my saving account with a good interest rate the more it grows?
That Kobe edit had me dead 😂
Do you have a continuing video of this?
thx 🦆 love the videos ✨️I have learned a lot more from watching your videos ✨️
Awesome! im glad!
ive just subscribed thu ive run into ur videos before, ur a rock star and good lookin as well. you are my guide to investing, thanks
Awesome! Thank you!
Great video as always!! A few note on how tax on your income could delay the goal of reaching 100k could have been informative.
Good point!
Where can we find u for financial advise ?
900k subs. Congrats!!!
I'm enjoying the content, good vibes!
Winner's don't do different things, they do things differently ." Like u Mr Sam Deymon.
Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
So at 100k, what was the recommendation? Why specifically 100k? Do you shift gear and place a big percentage in investments or what?
A: Do you make daily/weekly deposits of your savings?
What are your thoughts on EGLX?
Great insight my friend!
Thank you kindly!
Great video especially the part about ditching the chips and drinks my sister makes 40k more than me but I’m able to save way more by simply keeping my meals under 8 versus here 12-15
This is fantastic advice!! Thank you!
Love this video bro. Great work
Appreciate it glad you watched!
when you say 100k, do you mean in one investment account? What if you have multiple (brokerage, roth ira, HYSA)?
just total across everything!
I’m glad you mentioned and emphasised the part that it doesn’t from investments but mostly savings. I see some videos where they mention their $100k together with investing. Or maybe some people use saving and investing interchangeably
Live in Fremont ca. will go there soon!
Great videos , thank you , all the best buddy
very smart guys , investing and sharing his own exerience on youtube is another way to make money , much respect
To simplify this, you’ll need to cut corners to avoid any sort of unwanted expenses. Walk if you can, you don’t need that Uber or Lyft making money on short distances
Watched the whole video thank you very much, but also AMC to the moon baby!! 100k floor…
Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
@@oneiljerry9460 Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with HEATHER ANN CHRISTENSEN and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
@@johnlennon232 Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
@@chris-pj7rk Most likely, you can find her basic information online; you are welcome to do further study.
Wait. So if I am putting 800/mo in my 401k and $200/mo in my mutual fund does that mean I could get there?
Thanks for the suggestion! I’ve started doing this on my own - thought it was such a revolutionary idea, but I guess those who know - know! I’m working on reaching goals like you have described though. Not quite there yet.
Great video and good luck on your journey to 1 Million Subs! Amazing!
Ty bro!!! Thanks for the comment
Good video! Now drop the fantasy interest rate!
Kobe 4:09 🤣🤣🤣
Rip to my favorite.
💔 RIP to the legend
Great video as always.
So true I am not good at anything meaning I don't see myself teaching something to anyone Well, painting and baking my french is good also. It's a great video that made me think a lot.
What if I’m only good at sleeping?
I lost you at savings like i throw all my money into index and long term ETF’s would that be considered savings