Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/1Skz3PIZW_5yPk51Ng4HhXwzJiVtqxTpk8sjLvQkOS3M/edit?usp=sharing Thanks to Printify For Sponsoring this video! Get started today and use my link to get 1 month of Printify Premium For Free - www.printify.com/graham
As someone who did ghost writing for many years, I appreciate the effort into research. It can be hard to find data sometimes, especially with finance topics where the information can change rapidly (i.e. stock market data, inflation/recession info, etc.) Thanks for the hard work.
There are lots of people I wouldn't want to trade places with that I would take advice from (example Elton Musk or Warren Buffet). Better would be not to take advice from someone doing worse at life than you.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
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.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I’m 20 & everything he said I’m doing, but still feel as if I’m not doing enough. Perhaps I’m just too hard on myself… life is time, so I should take mine.
@@Ty-qf7bv it's way too early to expect anything. Everything Graham is teaching is about investing now, leaving said invested money alone for the next 20+ years and watching it grow. Side hustles also take a few years to take off. The key is consistency!
I am 21 and dca into my TD. My dad sold his stocks and getting back in is the real challenge. Btw I want a Dodge Charger as well ain’t nothing wrong with that.
@marcoerrett I looked up your advisor and found her detailed report thanks, I hope she can assist me in this situation. We are down by 80k from last year.
A family member of mine who's a multi millionaire told me if U start young if U trip up or make a mistake U have time to learn so make sure to start young
Ah thanks! I really appreciate that - I've been posting less lately since there's been fewer topics to talk about, but as of now, trying for once a week at higher quality.
@@whatta7793 big fan of Brian and CVT, love his straight forward fact based to-the-point content, but I dont consider him to be amongst the younger finance youtubers.
I’m drawing cars (at 25!) as a full time job because I started at 15. Becoming a full time artist is a massive risk and I’m so glad I didn’t take out student loans to do it
Timing is everything. With all do respect, it’s a hell of a lot easier when you live through a decade bull market in literally all asset classes. You work hard, you get rewarded. Not the same story now, biggest thing is understand the system in which we live in.
Agreed, understand the system that we live in now, so that we can prepare for the future based on that and take actions that will benefit us not just now, but later in the future as well.
I wrote that kind of weird, but my point is that the system is rigged AGAINST the common person. Instead of succumbing to the pressure and adversity that we all face, take action NOW, so that you are ready and confident NOT JUST NOW, BUT IN THE FUTURE AS WELL. A person with a lot of money is more likely to weather a storm than a person who doesn't have that. IF you feel like starting that body shop, and you believe it will make sense and benefit you financially, DO IT.. @@RickColeman_M3
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 Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
Its best if you buy growth/blue-chip/large caps stocks only. Also, if you are a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
I’m 21. I got a full ride through undergrad and now I’m cruising on a full ride through law school. I worked three jobs during undergrad and now I’m living off of my work in my teens. Your vids are super helpful but I’m gonna have to pin it for later cause I don’t have any time to hustle now
Working during high school and university/college is a great way to have a head start. I'm 23 years old and I own two rental properties and have no student loans (I paid them off this year), mostly because I've been working since I was 15 years old. If I didn't do that, then I'd be in a much worse position at the moment.
@@santostv. haha yeah that’s a good point. I don’t need a lambo but I do want to own some land in Florida which honestly will probably cost about the same😩
I really appreciate your advice. I'm a 62-year-old worth several million dollars because of implementing many of these tactics in my late 20's and 30's. I wish I had done it as a 20-year-old instead of buying that car!! Drive the beater until you can buy a car with cash- although probably NOT the car sitting behind Graham!
GT40 behind him, my dream car. I’m 23 right now and really want a new mustang, making 60k a year. Think i’m gonna start putting 500 a month into an IRA and look into index funds instead. Any other advice you have for my age?
Who you have around you also dictates how much you can save and invest as well. If you have a spouse or a parent that is not good with money or even friends I would seriously think of re-evaluating your situation as well. It can be incredibly hard to focus on saving and investing when everyone around you seems to be spending money like it doesn’t matter.
This is a very valid point...peer pressure to spend is insane....as soon as one buys a toy, like an atv....suddenly everyone gets one...and usually none of them can afford it loll
Having a group of friends that are very good with money is very important. Unfortunately you can’t pick your parents, but you can pick your friends and your spouse. Friends/spouses can drag you down more than most people think.
I agree to a certain extent, but I think in that situation watching lots of videos like these help. It just serves as a reminder as to why saving & investing is important.
@@WillyJunior I would hope anyone would be aware of their spouses financial aptitude and spending habits before they married them lol. Kind of up there in the most important things. It would be like waiting until you're married to discuss whether you want to have children or not. It's already kinda too late at that point to discuss, because if you disagree you're screwed.
I did enjoy my 20s, but I also had a decent job. I did just pay off $18k in debt and its a great feeling. I just turned 30 last week, so some of these are still pretty helpful!
Saying that one could utilize their social media time to work a side hustle really stuck with me. Thank you so much, Graham! Wonderful and insightful video.
Definitely far from impossible man! I recommend The Money Guys if you’ve never watched them to get started. They’ve done great things for me. There are other great resources too, but they’ll give you much more than these shorter videos. These are good starters though.
One thing that sucks is a “raise” isn’t really the amount you think it is. At $40k a year you might be taking home $32k after taxes (for example). At $60k, you might take home $45k after taxes. So a $20k bonus sounds like a lot, but you only see $13k of that money. And then after rent prices and student loans, you’re still broke. I live in NYC. Breathing air is expensive around here.
What’s crazy is that 85% of the things he talked about I started realizing and doing on my own last year and have the exact same plans, I’m in that position where I’m always working and paying off what I owe but also growing up in my career
Last month was pretty bad. Found out my sister wasn't able to get on the donor list, we're working on it though. Other than that I finally got a hold of my debt, inflation is just crazy lol. Thanks for asking. Hope you had a good month.
Well my fellow 30 year olds looks like we missed the window 😂 but Graham thanks to you My credit has improved so much since I started watching you and learning how credit cards work! I’m at 785 rn pushing for 800! So I thank you for that. I went from poor to good in 1 1/2 years
Sales bought me my first house, paid off a all my debt, filled my emergency fund and provided capital for whatever small business I felt like starting. There’s just not a lot of people who are self disciplined and socially talented enough to make it in this business. It’s stressful, it’s difficult and it’s painful, but it’s worth it.
The one problem with dividends as income is that your 20's are a growth phase, so to keep the investment growing as much as possible the dividends should be re-invested right back into it, not spent on anything else.
I’m 21 working a salary based sales job I put about 500 a month into S&P 500 looking to eventually invest in real estate all these tips are very useful to me thank you!
Sounds good. Just remember to scale up your investments as you get better off and dont forget about EFTS, bonds etc. You should diversify your portfolio and make sure you spend some of your freetime improving your skills.
Hey Graham, just wanted too say i really enjoy and appreciate your content! Ive been watching your videos since i was 18 and following the things you have said. Im now 23 with multiple credit cards, making good money and having a credit score people dream about. Keep up the good work pls!
Been watching you since i was 14 graham. 20 now with a 750 credit score total 16000 credit limit. Few 10s of thousands split between my savings account and investment portfolios. Own my car and have about another 8k total in various assets. Geneuinely solid advice for years now brother thank you
@@adrianbarajas9532 get a few credit cards spend only 10% of your total credit limit and spend that only on essential purchases. Live within your means and dont make unnecessary purchases. Build your credit like this for a while. Makes it much easier to secure loans in the future. Choose a profession after really thinking about it then stick with it. Put all of your energy’s into it. Hard work pays off
You are one of the most sophisticated and brilliant RUclipsr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for AZT4OP much love from Chicago
Im DCAing in ZRT44H as well. ETH heavier DCA and ALGO. Im taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
@@nicksicotte1758 "Im dollar-cost averaging in ZRT44H. Ethereum dollar-cost averaging and algorithmic too. Im taking your advice and investing in google with $50 tomorrow and continuing to purchase microsoft and apple stock. VTI and VOO index funds on another app and in my longterm portfolio" For the record, I could not tell you what ZRT44H is because it's just something the bots keep dropping in comments and doesn't actually seem to exist :)
Execute. I was around your age when I started getting into it as well. Get a credit card ASAP (be responsible) ROTH IRA when you’re 18 Build streams of income, job / business or side hustle And just as important, stay in school
im 19 man, graduated high school in 2022. I was where you were a while ago. The comment above said it already, but more than just gaining the knowledge, you need to execute what you learn. Start a business now. Get a roth ira, get a discover or capital one secured. be responsible with your spending, once you hit 700 get an auto loan for a car, but dont try and get like a hellcat or bmw, get a nice nissan or something about 20k, and just gain more experience and execute everything you learn in life. most importantly, dont surround yourself around too many people, or at least people who aren't like-minded like You and I. Being young, you might get impulsive, and accidentally spend money going out with friends too much. Stay 10 toes down, wait until your 21 to start having fun. I just recently bought a camaro 2ss 2022 because i stayed 10 toes down, and im still just doing my own thing relaxing, never been to a bar, never been to party, i only really go out to the gym, to play ball, or take a nice drive or go out to eat every once in a while with the boys. You're wise beyond your years my friend. I bequeath upon you my blessings🙏🏽💯
the way to avoid lifestyle inflation is:if you earn small amount of money you should spend any amount you want to be happy and pleased and not to try to save money because then when you start earning a bigger amount of money you will increase your expenses and be on the same page
Again, this is specific to the US. In Portugal, for example, do NOT apply for credit cards UNLESS they’re from the bank you want to get a house loan from.
Can you do a video for people who didn't had financial education and now they hit 29/30 but they are able to work hard and do lots of research and change that? Thanks
The one thing you never address is what 90k by the time I'm 65 means when adjusted for inflation. If I have 40 years until retirement, assuming standard inflation, that 90k has the same buying power as around 30k today. Please add this into your calculations. For me ( a 26 year old) I need roughly 3.5 million invested to have the same lifestyle i do today at around 70k in income.
You wouldn't just leave 90k in a bank account with zero interest. It should be properly invested in something like index funds. But really, nobody knows what a job or an income will even be in 15-20 years due to automation so all of this is kind of a huge guess.
Thank you Graham for your great videos. I’ve learned so much from you, but you do sometimes downscale the costs of wanting a family and your can’t raise a family on a 40k salary in most places, so when you are earning more you have to spend more and not keep your costs the same. Thanks to your advice and help I’ve already started my portfolio and have a trading account in trust to me which I invested $4,000 earlier this year and it has already grown 16% since March. I hope I can grow my portfolio, but it’s pretty good so far for a 16 year old. My goal is trying to add 5k to my portfolio every year till I finish high school.
@Oscarunderwater Just want to let you know that you can definitely raise a family on cheaper than you think. There's concessions that have to be made and it's definitely not easy. There's tons and tons of ppl out there taking care of their families with the same or less than lots of people that are "just getting by" due to having extravagant lifestyles. People really don't understand how little you NEED to get by. That being said, planning for that type of situation is NEVER the goal, and it's obviously unadvised.
Hey graham I’ve been watching your videos for a while now! Thank you so much for all of your awesome videos they have completely helped me change my life financially! I can’t wait for more content! Any chance I could pick your brain with some general questions about some general life stuff? Thanks man love you!
The part about renting out a room is something i have thought of! i know i could get at least 400 per month cause the cheapest rent around here is 600+, but really like the peace of solo living
Hey Graham, upser here. I wish we made 170k, but that is only very select positions, and they include ALL benefits (including bs ones that I will never use). This year I won't break 85k and Ive worked overtime almost every week
You are one of the most sophisticated and brilliant RUclipsr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for AZT4OP$ much love from Chicago
It's a really good point @@justmusic2353 I did a video on this because everyone was so quick to move on with little to no consequences and a short apology video that ... was perhaps insufficient :P
Angrily smashed the like button. I need you to give me this advice 20 years ago. Got into investing wayyy late. Saw some classmates doing it, but was always told they were foolish and the stock market was dangerous. Oh well, still better off than most. btw you owe me a new phone.
@@markr90 Started when I was around 18. Basic credit card and used it for small purchases and what helped build it more was having a car payment that wasn’t crazy high or expensive. Then with time it goes up depending on your history with one.
8:29 Yeah I’m not gonna lie, I’ve fallen into that bracket of being on social media for several hours a day. Even though I have two part-time jobs right now, I’m getting back into creating content on the side. It’s been years since I consistently made new content but I feel that now is the time to get back into it
A book can hold a lifetime of lessons through someone’s experiences. I never picked up a book until I understood that concept. Second thing i learned from books was learn from your mistakes. Don’t fear mistakes.
For capital gains some states don’t have a tax on capital gains like Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, and Wyoming
solid advice. i started a roth ira at age 18 and i’m now 21. i haven’t been investing into it but i am going to start doing so now. i want to look into other things to invest in but i don’t know where to start or who to talk to. i want to work to live. not live to work. id rather work extremely hard for 10 years and live comfortably for 60 than the other way around.
Find your SKILL then you can SCALE!📈 Pick a niche that you are interested in and target that audience with a product or service. Never stop learning and growing. Learn. Grow. Rinse. Repeat. 🚀
It's really simple to become wealthy in your 20s if you do these simple steps: Reducing debt is important. Reduce spending. To help you accumulate wealth, adopt wholesome habits like regularly setting aside money for investments on a regular basis. Your income potential will skyrocket if you put effort into this. In the financial market, there are many of ways to profit. I was able to earn my first million dollars through passive investing in a range of assets with the help of my financial advisor Emily Lois Parker.
Impressive!! Also, I did read about Emily Lois Parker on the web, I was able to find her webpage and leave a mail. I'm willing to make consultations to improve my portfolio
This video does not account for risk and normalcy bias. Just because the stock market seemingly goes up does not mean the value of your money keeps pace and certainly it doesn't mean that it ALWAYS goes up either. We could be in for a very harsh correction in a very short period of time on par with the great depression or the 2008 financial crisis. In these uncertain times, it may be a better idea to invest in resources, assets, and yourself than in stocks or cash.
Getting a high paying job and living at home is probably the only realistic way to get rich in your 20s at this point in time. All of his tips are helpful but a good credit score and good job doesn't mean you are going to be rich. It's entirely possible the dream job you wan't doesn't pay anything close to what you would realistically want.
I agree with everything in this video, but at the same time, you need to understand the future is not guaranteed. Save for the future don't forget to live a little when you're young. It's all about balance.
How to get rich in your 20's... yeah, here's a primer... be lucky enough to have a rich family member with connections in the finance industry to set you up for life... or work like crazy, never enjoy anything, invest into the stock market and randomly become successful!... or be born naturally tech and math savy and become your own entrepreneur! or take the andrew tate route and set up a cam girl pimping agency 😂😂, because the reality is it's not what you know, it's who you know, and you all know it's true, whether it's in real estate or anything.
That poor advice point hits home so much with me. My husband and I were told "You should experience life while you're young!" Thankfully, a relatively low-cost "experience" told us that the advice was bad. We were only out about $200ish...but the experience was so bad that we decided that particular individual was someone foolish with money.
Hey man, one small correction at around 8:00 people don't generally claim millionaires evade taxes just by capital gains being less than income tax (though if it were more that would be a solid wealth tax), the claim generally tends to be that BILLIONaires evade tax by taking out large loans and putting their assets up as collateral which the bank/lender will always take because the stock of these companies they're putting as collateral are usually too big to fail. Thereby paying less than even capital gains tax would warrant, completely legally. Hope this helps!
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Michelle Stewart
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further - enjoy! docs.google.com/spreadsheets/d/1Skz3PIZW_5yPk51Ng4HhXwzJiVtqxTpk8sjLvQkOS3M/edit?usp=sharing
Thanks to Printify For Sponsoring this video! Get started today and use my link to get 1 month of Printify Premium For Free - www.printify.com/graham
hi
As someone who did ghost writing for many years, I appreciate the effort into research. It can be hard to find data sometimes, especially with finance topics where the information can change rapidly (i.e. stock market data, inflation/recession info, etc.) Thanks for the hard work.
Where is the interview with the solar guy?
Do you have the link to that solar panel video we saw a sneak peak of?
im in my 40s...sooo...
My biggest regret is not buying real estate in 2008 when I was still learning the alphabet
Same
@stevewashington27163 yr old me fumbled the bag
same
Bro I can’t believe I didn’t buy bitcoin in 2009 while I was being born
Lmaooooo
“Never take advice from someone you wouldn’t trade places with” will forever be words to live by.
There are lots of people I wouldn't want to trade places with that I would take advice from (example Elton Musk or Warren Buffet). Better would be not to take advice from someone doing worse at life than you.
@@stevenporter863 for most people, the best examples would be their parents, teachers, and friends.
i wouldnt EVER listen to anyone else then so!
Ngl that’s a very based statement
@@jayus2033I was afraid you were going to lie. Thanks for the preemptive ngl.
I'm 41 and can't wait to get rich in my 20's.
Lollll lowk I laughed out loud at this one
haha same in my thirties 🤣
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
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.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
As a 40 year old that didn't know these things in my 20's, I approve this message.
I’m 20 & everything he said I’m doing, but still feel as if I’m not doing enough. Perhaps I’m just too hard on myself… life is time, so I should take mine.
@@Ty-qf7bv it's way too early to expect anything. Everything Graham is teaching is about investing now, leaving said invested money alone for the next 20+ years and watching it grow.
Side hustles also take a few years to take off. The key is consistency!
I am 21 and dca into my TD. My dad sold his stocks and getting back in is the real challenge. Btw I want a Dodge Charger as well ain’t nothing wrong with that.
I am on the website and I put in a time schedule for a phone call. I hope I get a feedback can you put in a word?
@marcoerrett I looked up your advisor and found her detailed report thanks, I hope she can assist me in this situation. We are down by 80k from last year.
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
A family member of mine who's a multi millionaire told me if U start young if U trip up or make a mistake U have time to learn so make sure to start young
@@EYTSIRHC1y u don kno wat goin 2day
@@EYTSIRHC1 I'm dyslexic so making short cuts with small words helps me de-stress my brain when thinking before typing ☺️
Cap @@justaguy8212
My biggest regret is not buying 500 bitcoin in 2010 when I was in the 2nd grade
real
Graham is the only one of the young finance youtubers that I still follow, bc I feel like hes the only one who still puts out worthwhile content.
Ah thanks! I really appreciate that - I've been posting less lately since there's been fewer topics to talk about, but as of now, trying for once a week at higher quality.
You mean you don't want to invest in TTCF anymore??
@@whatta7793 big fan of Brian and CVT, love his straight forward fact based to-the-point content, but I dont consider him to be amongst the younger finance youtubers.
@@GrahamStephan I appreciate the quality over quantity approach 👍🏽
@@GrahamStephanthanks for that
I’m drawing cars (at 25!) as a full time job because I started at 15. Becoming a full time artist is a massive risk and I’m so glad I didn’t take out student loans to do it
Timing is everything. With all do respect, it’s a hell of a lot easier when you live through a decade bull market in literally all asset classes. You work hard, you get rewarded. Not the same story now, biggest thing is understand the system in which we live in.
Agreed, understand the system that we live in now, so that we can prepare for the future based on that and take actions that will benefit us not just now, but later in the future as well.
So how to become rich nowadays? Just invest? I’m planning on starting a body shop
@@boopy123like what?
I wrote that kind of weird, but my point is that the system is rigged AGAINST the common person. Instead of succumbing to the pressure and adversity that we all face, take action NOW, so that you are ready and confident NOT JUST NOW, BUT IN THE FUTURE AS WELL. A person with a lot of money is more likely to weather a storm than a person who doesn't have that. IF you feel like starting that body shop, and you believe it will make sense and benefit you financially, DO IT.. @@RickColeman_M3
Shorting and puts.
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 Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.
Its best if you buy growth/blue-chip/large caps stocks only. Also, if you are a newbie its advisable you work with an investment advisor to help set up a well-structured portfolio.
If you don't mind, how can I reach this advisrr? My retirement portfolio isnt doing greatly.
I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
Graham:
"Don't worry about making money in your 20s, get experience"
also Graham:
"INVEST EVERYTHING IN THE 20S ITS A RACE"
Invest in your 20S because then it has more time and you should not spend all what you get.
If I had a dollar for every time I’ve hit that like button…..
You’d be rich in your 20s!
But you get a cute animal picture as a thank you!
I’d owe $67
I'd have $0! Jkjk I'd be a hundredaire 😂😂
You would still be broke after RUclips takes their cut, you declare that income to the IRS, and you pay for a modest dinner, soo... about $100
I’m 21. I got a full ride through undergrad and now I’m cruising on a full ride through law school. I worked three jobs during undergrad and now I’m living off of my work in my teens. Your vids are super helpful but I’m gonna have to pin it for later cause I don’t have any time to hustle now
Working during high school and university/college is a great way to have a head start. I'm 23 years old and I own two rental properties and have no student loans (I paid them off this year), mostly because I've been working since I was 15 years old. If I didn't do that, then I'd be in a much worse position at the moment.
@@santostv. haha yeah that’s a good point. I don’t need a lambo but I do want to own some land in Florida which honestly will probably cost about the same😩
In the end of all this, don’t let money be the goal. Seek out what brings fulfillment
I really appreciate your advice. I'm a 62-year-old worth several million dollars because of implementing many of these tactics in my late 20's and 30's. I wish I had done it as a 20-year-old instead of buying that car!! Drive the beater until you can buy a car with cash- although probably NOT the car sitting behind Graham!
Man I wish I could have a conversation with you.. The wisdom would be life changing.
Oh man, Im just starting my life as 20 year old boy. And seeing you had millions of dollars is crazy for me, thats a lot
GT40 behind him, my dream car. I’m 23 right now and really want a new mustang, making 60k a year. Think i’m gonna start putting 500 a month into an IRA and look into index funds instead. Any other advice you have for my age?
Who you have around you also dictates how much you can save and invest as well. If you have a spouse or a parent that is not good with money or even friends I would seriously think of re-evaluating your situation as well. It can be incredibly hard to focus on saving and investing when everyone around you seems to be spending money like it doesn’t matter.
Re-evaluate your spouse lol, sure
This is a very valid point...peer pressure to spend is insane....as soon as one buys a toy, like an atv....suddenly everyone gets one...and usually none of them can afford it loll
Having a group of friends that are very good with money is very important. Unfortunately you can’t pick your parents, but you can pick your friends and your spouse. Friends/spouses can drag you down more than most people think.
I agree to a certain extent, but I think in that situation watching lots of videos like these help. It just serves as a reminder as to why saving & investing is important.
@@WillyJunior I would hope anyone would be aware of their spouses financial aptitude and spending habits before they married them lol. Kind of up there in the most important things. It would be like waiting until you're married to discuss whether you want to have children or not. It's already kinda too late at that point to discuss, because if you disagree you're screwed.
I did enjoy my 20s, but I also had a decent job. I did just pay off $18k in debt and its a great feeling. I just turned 30 last week, so some of these are still pretty helpful!
That’s awesome! I’m 26 but I just started nursing school and just a bit overwhelmed because I wasn’t really doing much in the previous years
@@XxAlex530xX My mother is an RN. It’s a great career. She loves it 25+ years later. It was hard for her for sure. Good luck 👍🏾
This is why college for the most part sucks. It takes most people until 30 years old just to breakeven
Saying that one could utilize their social media time to work a side hustle really stuck with me. Thank you so much, Graham! Wonderful and insightful video.
its kinda crazy how nobodys talking about the forbidden ebook called Secret Pathway to Triumph
where can you read it?
Could one buy a physical copy?
Not so secret since you mentioned it, Rakeesh.
Insane ad
I need a how to get rich in your mid 30s next please 😂
haha deal
Same here
Definitely far from impossible man! I recommend The Money Guys if you’ve never watched them to get started. They’ve done great things for me. There are other great resources too, but they’ll give you much more than these shorter videos. These are good starters though.
40s please 😂
90s after
One thing that sucks is a “raise” isn’t really the amount you think it is. At $40k a year you might be taking home $32k after taxes (for example). At $60k, you might take home $45k after taxes. So a $20k bonus sounds like a lot, but you only see $13k of that money. And then after rent prices and student loans, you’re still broke.
I live in NYC. Breathing air is expensive around here.
NYC made me realize some stores actually charge for grocery bags lmao, i never knew that was a thing most my life.
@@dbased1915 i didn't know this wasn't common, im in mass and some places charge extra for bags to incentives you to bring your own reusable one
And no company with give a raise that large 😂
What’s crazy is that 85% of the things he talked about I started realizing and doing on my own last year and have the exact same plans, I’m in that position where I’m always working and paying off what I owe but also growing up in my career
Last month was pretty bad. Found out my sister wasn't able to get on the donor list, we're working on it though. Other than that I finally got a hold of my debt, inflation is just crazy lol. Thanks for asking.
Hope you had a good month.
Oh no...so sorry to to hear, what's that process like? How long has the wait been? Really hoping it works out!
Well my fellow 30 year olds looks like we missed the window 😂 but Graham thanks to you My credit has improved so much since I started watching you and learning how credit cards work! I’m at 785 rn pushing for 800! So I thank you for that. I went from poor to good in 1 1/2 years
We missed it
@@jamespulliam1404 rip 🪦
Ikr! We didn't have good role models or youtubers to show us the way. Not to mention they don't teach this stuff in school.... which they should.
23 here and I want to be wealthy for my girl she’s worth more than anything to me and deserves it
do it for yourself as well @@nrg6245
Sales bought me my first house, paid off a all my debt, filled my emergency fund and provided capital for whatever small business I felt like starting.
There’s just not a lot of people who are self disciplined and socially talented enough to make it in this business. It’s stressful, it’s difficult and it’s painful, but it’s worth it.
It's very simple. Work 14 hours a day for next 10 years on a scalable business and you will be rich.
The one problem with dividends as income is that your 20's are a growth phase, so to keep the investment growing as much as possible the dividends should be re-invested right back into it, not spent on anything else.
It shouldn't be your main investment in your 20's, more like a small side investment.
I’m 21 working a salary based sales job I put about 500 a month into S&P 500 looking to eventually invest in real estate all these tips are very useful to me thank you!
How much have u made so far from it into profit and how much u invested and how long it took for u? (Hopefully u will reply)
Sounds good. Just remember to scale up your investments as you get better off and dont forget about EFTS, bonds etc. You should diversify your portfolio and make sure you spend some of your freetime improving your skills.
"improving your skills" can you elaborate on that?@@rea280
W
@@rea280He doesnt need to diversify if hes 21 and wants to build true wealth. No 21 year old should be buying bonds lol
Hey Graham, just wanted too say i really enjoy and appreciate your content! Ive been watching your videos since i was 18 and following the things you have said. Im now 23 with multiple credit cards, making good money and having a credit score people dream about. Keep up the good work pls!
What do u do for a living?
imagine being in your 20s or even teens and complaining about life when you could find endless information online.
I really appreciate that this is very generalized and not another "just start drop shipping" video. Great advice in general.
Been watching you since i was 14 graham. 20 now with a 750 credit score total 16000 credit limit. Few 10s of thousands split between my savings account and investment portfolios. Own my car and have about another 8k total in various assets. Geneuinely solid advice for years now brother thank you
I’m same age brotha anywhere you recommend on starting???
@@adrianbarajas9532 get a few credit cards spend only 10% of your total credit limit and spend that only on essential purchases. Live within your means and dont make unnecessary purchases. Build your credit like this for a while. Makes it much easier to secure loans in the future. Choose a profession after really thinking about it then stick with it. Put all of your energy’s into it. Hard work pays off
Clicked on this video so fast like I’m turning 30 tomorrow.
Happy early birthday!
You are one of the most sophisticated and brilliant RUclipsr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for AZT4OP much love from Chicago
😅
I was watching 0:30 when I read sophisticated 😂
Nice video! Very helpful stuff.
Im DCAing in ZRT44H as well. ETH heavier DCA and ALGO. Im taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
Google, Apple, and Microsoft are already at such high valuations, what makes you so sure of their future growth?
How’d it yo
could u explain what you meant in this comment as i’m trying to get into starting a long term portfolio thanks
@@nicksicotte1758 "Im dollar-cost averaging in ZRT44H. Ethereum dollar-cost averaging and algorithmic too. Im taking your advice and investing in google with $50 tomorrow and continuing to purchase microsoft and apple stock. VTI and VOO index funds on another app and in my longterm portfolio"
For the record, I could not tell you what ZRT44H is because it's just something the bots keep dropping in comments and doesn't actually seem to exist :)
Ohs but up
I felt like the whole breakdown, ZRT44H sounded better.. then he says ZRT44H is better 😅 idk still struggling on which to go all in on
What an awesome video. This was like a summary of all the financial info in one short video!
I'm currently a sophomore in high-school and seeing all of this stuff is just exciting the opportunities right now are endless
Execute. I was around your age when I started getting into it as well.
Get a credit card ASAP (be responsible)
ROTH IRA when you’re 18
Build streams of income, job / business or side hustle
And just as important, stay in school
im 19 man, graduated high school in 2022. I was where you were a while ago. The comment above said it already, but more than just gaining the knowledge, you need to execute what you learn. Start a business now. Get a roth ira, get a discover or capital one secured. be responsible with your spending, once you hit 700 get an auto loan for a car, but dont try and get like a hellcat or bmw, get a nice nissan or something about 20k, and just gain more experience and execute everything you learn in life. most importantly, dont surround yourself around too many people, or at least people who aren't like-minded like You and I. Being young, you might get impulsive, and accidentally spend money going out with friends too much. Stay 10 toes down, wait until your 21 to start having fun. I just recently bought a camaro 2ss 2022 because i stayed 10 toes down, and im still just doing my own thing relaxing, never been to a bar, never been to party, i only really go out to the gym, to play ball, or take a nice drive or go out to eat every once in a while with the boys. You're wise beyond your years my friend. I bequeath upon you my blessings🙏🏽💯
the way to avoid lifestyle inflation is:if you earn small amount of money you should spend any amount you want to be happy and pleased and not to try to save money because then when you start earning a bigger amount of money you will increase your expenses and be on the same page
This is the best Graham video I’ve seen in a hot minute.
I’d love to see a tutorial on investing please!!!
Again, this is specific to the US. In Portugal, for example, do NOT apply for credit cards UNLESS they’re from the bank you want to get a house loan from.
Can you do a video for people who didn't had financial education and now they hit 29/30 but they are able to work hard and do lots of research and change that? Thanks
Hes so happy about the Recession coming in, like hes super excited to be witnessing it.
The one thing you never address is what 90k by the time I'm 65 means when adjusted for inflation. If I have 40 years until retirement, assuming standard inflation, that 90k has the same buying power as around 30k today. Please add this into your calculations. For me ( a 26 year old) I need roughly 3.5 million invested to have the same lifestyle i do today at around 70k in income.
You wouldn't just leave 90k in a bank account with zero interest. It should be properly invested in something like index funds. But really, nobody knows what a job or an income will even be in 15-20 years due to automation so all of this is kind of a huge guess.
I love your viedos gram there some long about them and how there put together that just makes them that much better
Thank you Graham for your great videos. I’ve learned so much from you, but you do sometimes downscale the costs of wanting a family and your can’t raise a family on a 40k salary in most places, so when you are earning more you have to spend more and not keep your costs the same. Thanks to your advice and help I’ve already started my portfolio and have a trading account in trust to me which I invested $4,000 earlier this year and it has already grown 16% since March. I hope I can grow my portfolio, but it’s pretty good so far for a 16 year old. My goal is trying to add 5k to my portfolio every year till I finish high school.
@sabrinaresurrected yes thats true
@Oscarunderwater Just want to let you know that you can definitely raise a family on cheaper than you think. There's concessions that have to be made and it's definitely not easy. There's tons and tons of ppl out there taking care of their families with the same or less than lots of people that are "just getting by" due to having extravagant lifestyles. People really don't understand how little you NEED to get by. That being said, planning for that type of situation is NEVER the goal, and it's obviously unadvised.
So you end up on the Dave Ramsey show saying “don’t use credit cards” but then you have videos about “use your credit cards”
Hey graham I’ve been watching your videos for a while now! Thank you so much for all of your awesome videos they have completely helped me change my life financially! I can’t wait for more content! Any chance I could pick your brain with some general questions about some general life stuff? Thanks man love you!
You got it! Comments are best, and I'll do my best to get back to you.
Great tips as always. Always coming through with engaging and informative content.
Wth!? how did you get my like button to glow @ 00:34 😭
You're kidding!
The part about renting out a room is something i have thought of! i know i could get at least 400 per month cause the cheapest rent around here is 600+, but really like the peace of solo living
Hey Graham, upser here. I wish we made 170k, but that is only very select positions, and they include ALL benefits (including bs ones that I will never use). This year I won't break 85k and Ive worked overtime almost every week
Thank you for the clarification!
@GrahamStephan of course, ups did a pretty good smear campaign during our contract agreement 😮💨
High quality content as always, cheers!
Much appreciated!
Great video, always enjoy your content and data driven research. Could you do a video on utilizing an HSA and employer 401k as a wealth building tool?
Love you bro (been here since you were shooting videos inside your listings)
You are one of the most sophisticated and brilliant RUclipsr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for AZT4OP$ much love from Chicago
the only youtuber i trust to listen so far. thank you for the time and as always great information.
It's a really good point @@justmusic2353 I did a video on this because everyone was so quick to move on with little to no consequences and a short apology video that ... was perhaps insufficient :P
Angrily smashed the like button. I need you to give me this advice 20 years ago. Got into investing wayyy late. Saw some classmates doing it, but was always told they were foolish and the stock market was dangerous. Oh well, still better off than most. btw you owe me a new phone.
spend less make more -> we live in a world full of consumerism
:/
Very Valid points and definitely helpful. Started building my credit early and working for my self and loving the grind.
How old are you now ? Can I do it at 18
@@markr90 Started when I was around 18. Basic credit card and used it for small purchases and what helped build it more was having a car payment that wasn’t crazy high or expensive. Then with time it goes up depending on your history with one.
@@markr90 you can go to your local bank you use and apply for one.
8:29 Yeah I’m not gonna lie, I’ve fallen into that bracket of being on social media for several hours a day. Even though I have two part-time jobs right now, I’m getting back into creating content on the side. It’s been years since I consistently made new content but I feel that now is the time to get back into it
Great video! I DCA in AZT4OP already, Patiently waiting for the Moon time!
not really. He is just repeating the same videos.
A book can hold a lifetime of lessons through someone’s experiences. I never picked up a book until I understood that concept. Second thing i learned from books was learn from your mistakes. Don’t fear mistakes.
You are awesome! I just started my printify POD business lets see how it goes :)
Good luck!!
For capital gains some states don’t have a tax on capital gains like Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, and Wyoming
Love the AZT4OP content. I think this project is just as essential as HBAR and they both will be great movers
Whatever you do WORK HARD. Have a good attitude.
Great job Graham! Loved the vid!
Hey just wanted to mention that I think your videos are very useful and actually meaningful compared to a lot of crappy content out there
Most people that have failed themselfs. Tend to put others down who have have passion to do better. Don't listen to them ever!
18 and just maxed out my Roth IRA in FSKAX. Thank you for the advice over the years, Graham.
Well done!
FSKAX until I die
solid advice. i started a roth ira at age 18 and i’m now 21. i haven’t been investing into it but i am going to start doing so now. i want to look into other things to invest in but i don’t know where to start or who to talk to. i want to work to live. not live to work. id rather work extremely hard for 10 years and live comfortably for 60 than the other way around.
Thank you Graham these videos are the kind that have changed my life and taught me about investing and compound interest
So happy to help!
the like button lights up when he says smash the like button, that is so cool lmao
@grahamstephan can you do a video for people in their 30’s if you messed up your 20’s 😂😂😂
1:25 My school taught me this, I saw through the bs because my dad is a small business owner.
Lol 😂 I work for UPS I can’t wait to become rich 🤣
You got in early!
I work for UPS and no way I'll make 170k. Even if I work every bit of overtime I can legally work.
Investing in yourself is absolutely critical if you want to build REAL wealth while you are young.
Find your SKILL then you can SCALE!📈 Pick a niche that you are interested in and target that audience with a product or service. Never stop learning and growing. Learn. Grow. Rinse. Repeat. 🚀
Graham, where’s my convenience store video? I have been waiting for it for years lol
Always love your videos ❤
I'm so glad!
Just noticed when he says “smash the like button” the like button illuminates 😮
It's really simple to become wealthy in your 20s if you do these simple steps: Reducing debt is important. Reduce spending. To help you accumulate wealth, adopt wholesome habits like regularly setting aside money for investments on a regular basis. Your income potential will skyrocket if you put effort into this. In the financial market, there are many of ways to profit. I was able to earn my first million dollars through passive investing in a range of assets with the help of my financial advisor Emily Lois Parker.
The thoughts and ideas here are remarkable
Impressive!! Also, I did read about Emily Lois Parker on the web, I was able to find her webpage and leave a mail. I'm willing to make consultations to improve my portfolio
i'm happy there are lots of people doing so well...Love this channel for the transparency
@@billcresta yes she does, she has clients all over the world
Fake comment
This video does not account for risk and normalcy bias. Just because the stock market seemingly goes up does not mean the value of your money keeps pace and certainly it doesn't mean that it ALWAYS goes up either. We could be in for a very harsh correction in a very short period of time on par with the great depression or the 2008 financial crisis. In these uncertain times, it may be a better idea to invest in resources, assets, and yourself than in stocks or cash.
Getting a high paying job and living at home is probably the only realistic way to get rich in your 20s at this point in time. All of his tips are helpful but a good credit score and good job doesn't mean you are going to be rich. It's entirely possible the dream job you wan't doesn't pay anything close to what you would realistically want.
Depends on where you live, but yeah, that's true for HCOL areas.
I agree with everything in this video, but at the same time, you need to understand the future is not guaranteed. Save for the future don't forget to live a little when you're young. It's all about balance.
How to get rich in your 20's... yeah, here's a primer... be lucky enough to have a rich family member with connections in the finance industry to set you up for life... or work like crazy, never enjoy anything, invest into the stock market and randomly become successful!... or be born naturally tech and math savy and become your own entrepreneur! or take the andrew tate route and set up a cam girl pimping agency 😂😂, because the reality is it's not what you know, it's who you know, and you all know it's true, whether it's in real estate or anything.
The only good comment I’ve read here lmao
I wish your channel would have been around in my early 20’s lol just started over again this year turning 30 really makes you think lol
That poor advice point hits home so much with me. My husband and I were told "You should experience life while you're young!" Thankfully, a relatively low-cost "experience" told us that the advice was bad. We were only out about $200ish...but the experience was so bad that we decided that particular individual was someone foolish with money.
Leverage is the amplification of work done to a rod through the use of a fulcrum
ZRT44H holders just ticking all boxes and smiling 😂😂
What you mean
The bots man 🤣
Hey man, one small correction at around 8:00 people don't generally claim millionaires evade taxes just by capital gains being less than income tax (though if it were more that would be a solid wealth tax), the claim generally tends to be that BILLIONaires evade tax by taking out large loans and putting their assets up as collateral which the bank/lender will always take because the stock of these companies they're putting as collateral are usually too big to fail. Thereby paying less than even capital gains tax would warrant, completely legally. Hope this helps!
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Michelle Stewart
I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.
Mrs Stewart changed my life because of the high profits I got from investing with her.
You invest with Mrs Stewart too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
His first advice literally described my co-workers and older guys who act like they deserve to be my uncalled for father.
20’s and rich😂
:o
Sounds like me
How?
Don’t want to be rich, just want to own a house and provide a healthy, traditional and frugal living for myself and family