Thanks for wasting my time with a video that told me nothing about "how" to do anything, but instead told me what I already know I should have done in the past.
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@jesbensommichael8397 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@raychristopher7797 I began with a fiduciary portfolio advisor by the name *PRISCILLA DIANE AIVAZIAN* . She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@raychristopher7797 *PRISCILLA DIANE AIVAZIAN* really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
Yeah a thousand bucks a week, ha! Try surviving on $625 a week weather permitting, with a wife and 3 year old. And I am 40. I say all of this to say that no matter your position in life now, the choices you make from step to step effect your future. Being 40 and poor is not the end of the world its close, however you can still make something of your self. It really is never to late. Smarter choices now make a bright future later.
I've tried to show, your show, to others. Like I mentioned in a previous comment please do at least 1 show about an average joe. I know you preach that average isn't ok, but there are lots of people that will make 30k to 50k until they retire. Not only what to do and not what to do. They want to see the actual numbers breakdown. If they're 40 making 35k a year and they are just starting at zero. People want to see if I save 10, 15, 20% at 40,50 starting at nothing what realistic number could I have at retirement if investing in X,Y,Z. They don't want to hear the millions, they want the realistic numbers that may lead to a few hundred thousand. That x2 stuff doesn't resonate with someone just trying to get going with the basics. I haven't watched everything you guys have done, if this exists please send me the link. Thank you.
Tighten the budget and do what you can. Increase your skills and education at a community college so you can make more. We are not a tree. We can move and change our lives.
You can base some calculations on the money you can save by using their wealth multiplier table. If you work out what you can save, then you can multiply what you can manage to save by the wealth multiplier in the table, e.g. whatever you can save at 40 will be multiplied by 7.34 by the age 65. Choosing to retire later, e.g. 70, will probably be the best leverage you can apply if you are starting late
I enjoy your show, but you didn’t actually touch on “How to build wealth with a low paying job in your 40’s” here. You didn’t even really mention it until there were only 29 seconds left in the video.
Yeah with too low an income the best we can home for is around 100K. I have been super lucky and made close to what you make now and only have 39K after 14 years at that income.
@@TheFirstRealChewy I guess your right but the basic problem still remains that income all else being equal will still heavily impact outcomes. Getting more income would likely help us both.
For years I struggled with outstanding debts, bills and my children's school fees. I was at a point where I wanted to give up. I came across every RUclips channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..
@@DanielDaniel-te3he investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing. .
I’m 40 with 10k net worth and i earn 60k per year. How do I begin the process…? I know where i am and I’m BEHIND the curve. What can I do?? I don’t hear steps i just hear how to look at my picture in this video…
I guess, You need to understand first that no matter where you are currently....that you need to know EXACTLY your why? Then from there know your strengths and weaknesses..... Then once you have those two steps done.. Formulate a strategy/plan that will get you started and on track to accumulating money. Some important things I got from their talk is the following.. Our actions from now and also part of your step3....should be purposeful and moving towards our Goals (why's) so Learning the Habits of someone who is a wealth builder.... Conclusion: Don't worry about what anyone else's life looks like. Just know what your purpose is, how you will reach your goals and match a behaviour that is suited for wealth building. I hope this helps. 🙏 I am a 40 plus year old and am on this journey as a late starter....just stay focused, positive and don't let anything get you down. BELIEVE ACHIEVE RECEIVE ✨️ 🙏 🙌
I made my first million in my 40's investing in the stock with my inherited money with help of a professional broker I met after his conference in Texas, excited for what comes next
I look at my net worth worth everyday. I didn’t discover personal finance until I was in my mid 30s. Went from -189,000 at 32 to positive 200,000 at 38. Making median income or less during the whole time. We just started in real estate with 3 houses paid for and under cash rehab construction.
Well, this was not relatable in any way. 40, with a mortgage & no other debts, but worked insecure jobs in volatile industries my whole adult life so only been able to start saving in recent years (yes I have a pension, with a long way to go... yes I have some investments that I build every month.....with a long way to go). I don't earn close to the kind of wage you're talking about. Hell no I don't have the numbers you're talking about. The video title couldn't be more misleading. You have a really...unusual view of what constitutes a low-paying job.
Yes the ship has sailed I am in a similar situation except I am first generation and no house or car just renting and no stable job my company is in the midst of lawsuits will no longer to build a career I think if you can get another job with stock option side job you should be able to get close everything is about LUCK unfortunately i have no luck but I will keep my body healthy so no liability later in life
I'm 36 and just started contributing to my 401k. Employer matches up to 5% so that's what I'm doing. I make around $45,000 year. Do I put another 2.2 percent into 401k or somewhere else? Or do I need to put another amount, and where?
@@lisamuchi8764 Probably the number one thing is live on less than you make. Number two: Always be investing. I started a 457 account (like a 401k, but for government employees) when I was 22. I began saving $50 a paycheck on a 21k annual salary and as I got raises or promotions I increased that contribution. I purchased an older house at the age of 23 that was a fixer upper for $45k - (when the real estate market was low) and over the years upgraded things as I could. I'm still in the same house today. My home is about $100k of my net worth. I own two older cars, a 2008 Ford and a 2010 Toyota truck. I've purchased one new car in my life and several used ones that were financed. I realized that financing cars was not helping me move forward financially. My last one, the 2008 Ford was paid in cash about a year ago. I do use credit cards - over the past 10 years I haven't paid interest charges. Many years ago I found myself without a TV (and monthly cable costs) and realized thru the world of RUclips that I really wasn't missing much. Nearly all of my entertainment comes from RUclips. I live a pretty simple life now and don't need all the fancy gadgets or toys. Thanks for the reply and Happy Thanksgiving!!
I see what your trying teach, but your messages are so back and forth. In short, all you are saying is "save". But technically that has nothing to do with your title. Plus you talk about the "above average" person. Keep your tiles legit if you want new subs. or view time.
It doesn't matter since you're saving indefinitely until you retire. So saving 8.5% of what you make a month, every month over 12 months, would be the same as saving 8.5% of what you make over a year. You save 8.5% of what you make, either way. And by no means do you have to stick to 8.5%, that's just the average in this example. If you can, by all means, save more.
So low paying to you is a multimillion dollar business and 2 million in real estate with 600k in other investments? I came here looking for real world info. You’re off base thinking this is low paying. People don’t waste your time listening to this.
..did I miss the discussion about a low paying job? They talked about the average income, lol. The scam with all of these financial gurus is that it's easy to turn a lot of money into more money.
This video basically is you guys bragging about your company and your money graduating. 10% of men make over 100k a yr It was no help to the 40+yr old man.
Thanks for wasting my time with a video that told me nothing about "how" to do anything, but instead told me what I already know I should have done in the past.
There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!
If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life
@@jesbensommichael8397 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight
@@raychristopher7797 I began with a fiduciary portfolio advisor by the name *PRISCILLA DIANE AIVAZIAN* . She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.
@@jesbensommichael8397 Word of the day: fiduciary. do not talk to anyone who is not a fiduciary to you, who explains everything.
@@raychristopher7797 *PRISCILLA DIANE AIVAZIAN* really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her
Yeah a thousand bucks a week, ha! Try surviving on $625 a week weather permitting, with a wife and 3 year old. And I am 40.
I say all of this to say that no matter your position in life now, the choices you make from step to step effect your future. Being 40 and poor is not the end of the world its close, however you can still make something of your self. It really is never to late.
Smarter choices now make a bright future later.
I've tried to show, your show, to others. Like I mentioned in a previous comment please do at least 1 show about an average joe. I know you preach that average isn't ok, but there are lots of people that will make 30k to 50k until they retire. Not only what to do and not what to do. They want to see the actual numbers breakdown. If they're 40 making 35k a year and they are just starting at zero. People want to see if I save 10, 15, 20% at 40,50 starting at nothing what realistic number could I have at retirement if investing in X,Y,Z. They don't want to hear the millions, they want the realistic numbers that may lead to a few hundred thousand. That x2 stuff doesn't resonate with someone just trying to get going with the basics. I haven't watched everything you guys have done, if this exists please send me the link. Thank you.
I'm with you. It's as bad as Dave Ramsey talking to callers who make 150 K per year. No one is persuaded by unrealistic numbers outside the norm.
Tighten the budget and do what you can. Increase your skills and education at a community college so you can make more. We are not a tree. We can move and change our lives.
You can base some calculations on the money you can save by using their wealth multiplier table.
If you work out what you can save, then you can multiply what you can manage to save by the wealth multiplier in the table, e.g. whatever you can save at 40 will be multiplied by 7.34 by the age 65.
Choosing to retire later, e.g. 70, will probably be the best leverage you can apply if you are starting late
Never heard people talk so much and say nothing.
I'm telling you! I thought they will tell with actual figures how much people should save from age 40!
I enjoy your show, but you didn’t actually touch on “How to build wealth with a low paying job in your 40’s” here. You didn’t even really mention it until there were only 29 seconds left in the video.
Complete waste of video. The title DOES NOT match the conversation.
Agree
100. Trash title
Totally mislabeled video, what a waste of time
totally agree and also unrealistic
Im 43 and only make 19 k a year, definitely a challenge building wealth on haha
Yeah with too low an income the best we can home for is around 100K. I have been super lucky and made close to what you make now and only have 39K after 14 years at that income.
@@donaldlyons17 There are many people who made more and and have less than you have. I'm going to try a side hustle.
@@TheFirstRealChewy I guess your right but the basic problem still remains that income all else being equal will still heavily impact outcomes. Getting more income would likely help us both.
Well I'm 40, and the answer to that math problem is NOT even close to what I have 😕 guess I have some catching up to do
For years I struggled with outstanding debts, bills and my children's school fees. I was at a point where I wanted to give up. I came across every RUclips channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..
How possible??..
@@DanielDaniel-te3he investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing. .
@@DanielDaniel-te3he
@@ThomasNoah-fy7vh Thanks .... Please how can I communicate with her?
another one telling me I screwed up if you ARE starting at zero at 40
Exactly a useless video and also kind of condescending.
I’m 40 with 10k net worth and i earn 60k per year. How do I begin the process…? I know where i am and I’m BEHIND the curve. What can I do?? I don’t hear steps i just hear how to look at my picture in this video…
I guess,
You need to understand first that no matter where you are currently....that you need to know EXACTLY your why?
Then from there know your strengths and weaknesses.....
Then once you have those two steps done..
Formulate a strategy/plan that will get you started and on track to accumulating money.
Some important things I got from their talk is the following..
Our actions from now and also part of your step3....should be purposeful and moving towards our Goals (why's) so Learning the Habits of someone who is a wealth builder....
Conclusion:
Don't worry about what anyone else's life looks like.
Just know what your purpose is, how you will reach your goals and match a behaviour that is suited for wealth building.
I hope this helps. 🙏
I am a 40 plus year old and am on this journey as a late starter....just stay focused, positive and don't let anything get you down.
BELIEVE ACHIEVE RECEIVE ✨️ 🙏 🙌
I made my first million in my 40's investing in the stock with my inherited money with help of a professional broker I met after his conference in Texas, excited for what comes next
how do I reach your broker ?
@@jonathandillon1524 Mack Daron Wilson look him up he is quite popular in the states
@@dovieursery7130 Impressive I see his profile thanks
last year I was at Macks conference with my wife, it was very informative , I recommend him , he is doing a great job
Now this is what I need to hear!!!
I look at my net worth worth everyday. I didn’t discover personal finance until I was in my mid 30s. Went from -189,000 at 32 to positive 200,000 at 38. Making median income or less during the whole time. We just started in real estate with 3 houses paid for and under cash rehab construction.
What you not poor if you able to buy into housing. People who are very poor can't even cover the basic bills each month without problems.
If I am 39 and collecting a pention at $4025 a month how would I calculate that into my overall wealth?
Tally up your total assets and subtract your outstanding liabilities (loans, credit card balances, etc.)
Well, this was not relatable in any way. 40, with a mortgage & no other debts, but worked insecure jobs in volatile industries my whole adult life so only been able to start saving in recent years (yes I have a pension, with a long way to go... yes I have some investments that I build every month.....with a long way to go). I don't earn close to the kind of wage you're talking about. Hell no I don't have the numbers you're talking about. The video title couldn't be more misleading. You have a really...unusual view of what constitutes a low-paying job.
Yes the ship has sailed I am in a similar situation except I am first generation and no house or car just renting and no stable job my company is in the midst of lawsuits will no longer to build a career I think if you can get another job with stock option side job you should be able to get close everything is about LUCK unfortunately i have no luck but I will keep my body healthy so no liability later in life
I'm 36 and just started contributing to my 401k. Employer matches up to 5% so that's what I'm doing. I make around $45,000 year. Do I put another 2.2 percent into 401k or somewhere else? Or do I need to put another amount, and where?
Sooooooooooooooooo.... How again?!
Guys if you watched all the Matrix movies, bythe end you'll find out that the pills never mattered
Not very helpful
does this include your assets? including house?
Is this net worth including your house or just investments?
This made my day! 1:03 Respect for all the work he puts into his content loved it!
This video gave no real advice to increase your wealth
We faced many things before... How you think you can make us follow you again ??
And am 50
can't even listen to 2 guys with Adderall haircuts and king of the hill accents
Whoa.. very strange.. I am a single 39 year old with a net worth of $394k while making $49k a year. I feel very PAW like.
It is awesome you are a great saver. I wish I would saved when I was younger.
Good for You. Please Do share your savings strategies & Advice; sounds like you are a very disciplined saver!!! Happy Thanksgiving!!!
Congratulations Chris 👍
@@lisamuchi8764 Probably the number one thing is live on less than you make. Number two: Always be investing.
I started a 457 account (like a 401k, but for government employees) when I was 22. I began saving $50 a paycheck on a 21k annual salary and as I got raises or promotions I increased that contribution. I purchased an older house at the age of 23 that was a fixer upper for $45k - (when the real estate market was low) and over the years upgraded things as I could. I'm still in the same house today. My home is about $100k of my net worth.
I own two older cars, a 2008 Ford and a 2010 Toyota truck. I've purchased one new car in my life and several used ones that were financed. I realized that financing cars was not helping me move forward financially. My last one, the 2008 Ford was paid in cash about a year ago.
I do use credit cards - over the past 10 years I haven't paid interest charges.
Many years ago I found myself without a TV (and monthly cable costs) and realized thru the world of RUclips that I really wasn't missing much. Nearly all of my entertainment comes from RUclips.
I live a pretty simple life now and don't need all the fancy gadgets or toys.
Thanks for the reply and Happy Thanksgiving!!
LOL, You feel very PAW like because you are very PAW like! Congrats! Dr. Stanley would be so proud!
In your 40s you can still invest 20 years.
You can ìnvest longer if you postpone your retirement
I see what your trying teach, but your messages are so back and forth. In short, all you are saying is "save". But technically that has nothing to do with your title. Plus you talk about the "above average" person. Keep your tiles legit if you want new subs. or view time.
They are really business people who are always about getting views and sponsorships IMO.
Back when they actually gave good advice
Im just gonna get a tent and lay on the beach until I die so i need about $40 to retire
Not sure I can trust a channel that doesn't even understand when Gen X ended and Gen Y began.
The saving rate of 8.5%. Is it by month or by year?
It doesn't matter since you're saving indefinitely until you retire. So saving 8.5% of what you make a month, every month over 12 months, would be the same as saving 8.5% of what you make over a year. You save 8.5% of what you make, either way.
And by no means do you have to stick to 8.5%, that's just the average in this example. If you can, by all means, save more.
By year
Lol!!!!!! Comedic gold
Btw you guys r awesome
Anyone else watching this in your early 30s?
So low paying to you is a multimillion dollar business and 2 million in real estate with 600k in other investments? I came here looking for real world info. You’re off base thinking this is low paying. People don’t waste your time listening to this.
..did I miss the discussion about a low paying job? They talked about the average income, lol. The scam with all of these financial gurus is that it's easy to turn a lot of money into more money.
I save 600 a month im 33 is that enough
😒
Thats the monthly salary of a person with a BFA and a master's degree on my island ENJOY you live in a country that allows you to do that.
@@anpe6524 really you on a island whats the name of the island. Come to u.s
I’m 46 I hate my life LOL I have money but I need to invest ... I have zero purpose LOL 😂 that’s the truth
Take this down. It’s pointless and nothing was said . Wow
You didn't say a word about How to build wealth ... what a waste of my time!
what a waste of time and a clickbait vid. be honest and state that this vid is for ppl that are earning well and on track with a mil in the bank.
Get to the point
This is terrible
43 , 300k yearly, no knowledge what's so ever about stocks.. wish I had real advice
This video basically is you guys bragging about your company and your money graduating. 10% of men make over 100k a yr It was no help to the 40+yr old man.
There guys are really talking to millionaires not the average guy,, they're a bit delusional
Crap I’m in my 40s oh well