My grandmother told me to put half of all money incoming into savings. Never buy on credit. SAVE to buy a new car. SAVE to buy a house. She always paid cash, lived through the S.F. Earthquake, the Depression, both World Wars, was a single mom/widow and traveled the world. Died a millionaire at 90. Amazing life she had.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Choose a reputable financial adviser like *Jenny Pamogas Canaya* for insurance, regardless of the firm. With her dedicated career in financial planning, you'll receive guidance for growth, better navigation, and secure task completion.
1:40 $50/day for 20 years. You’re right man, super simple, because every 40 year old that hasn’t started saving yet has no problem coming up with an extra $1500 a month!! Who knew it was so easy?!
Emerson I think he ment working days... so $50/day at 20 work days per month is $1000 a month.... looking at most Americans situation, that not common... about 1/2 the population in America struggles to come up with $1000 for an emergency, even $500 is hard for about 40% of people...that’s not good .
To be fair, $50 per day is only $18K per year. The 401K contribution limit is $19K and every 40 year old should be secure enough in their career where they are able to max out that 401K contribution.
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
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
@@harrisonjamie794 Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
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 caII.
Yeah that's about it. I can't even get hired for a garbage job after dozens of applications and only a few interviews. I'm 38 and there's never been a time in my life where finding a job wasn't a soul destroying, all-out struggle. I've held on to the job I do have for 11 years now, but it's seasonal and low paying. Barely surviving on unemployment right now. Save money? Yeah.
Im 59. How do i start saving if 65% of my income goes to rent and i run a business by myself. My divorce left me broke. Not sure how to financially come up 😢
I'm only 25 but I watched a video from the 60s a long time ago showing a group of retirees about 70 and the narrator mentioned the men were so well off because they started planning for retirement in their 40s. So now you should start in your 20s or what?
When I was a kid we opened a Bank Savings Account when we were in grade school. Learning how to save should start as soon as you learn how to spend/count money. Starts with a piggy bank and not having to buy everything you want on any given week. Or day. It's called self-control.
If you can, then start in your 20s. Not sure if social security will be around when you're able to retire. Also, expenses go up every year. Those 70 year olds probably had less expenses than you or I will.
If you have 1.18 million, you should be able to live on the interest for the rest of your life, not 30 years. Maintain a 4% rate of return during that time, and $40,000 should be easy, without touching the principle.
Americans are broke unless your a CEO or some big shot, as a millenial my only hope is that I can save enough to pay off a house 100% by the time I retire and hope that social security is still around when I hit 65-70.
My brother and I were lower class as kids. Recycling cans dug out of trash with mom to keep lights on. Determined to do better we both enlisted. Lives immediately changed for the better. 21 years later family members think we are rich. We not rich but did what few are willing to do.
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
I know one person at my work place. She is over 50 years old and said she couldn't save. She said she rather had fun in her younger days and still wants fun in her current age. She now has a 20 years old kid but she wants to use the incoming money for traveling. That's why she has not that much savings or none (according to her).
I have around 54k saved and a paid off car thats only 2 yrs old but $0 in retirement accounts or 401k's, the reason is because I was hoping to put a 20% down payment on a house and hopefully have a 100% paid off house by the time that I retire at age 65-70 but in the area where I live the real estate market has gotten so crazy expensive ($250k - $300k+) for starter homes from the 1950's - 1980's that I decided to just keep saving and hope that real estate prices normalize back down to $150k to 200k for starter homes, if they dont normalize by the time I have around 100k cash saved up then I will just take the 100k cash I have saved and move further up north to an area where brand new construction houses are $125k to $180k. I can get a 10-15 yr loan to pay off the 25k-50k that I need to finance to finish paying the house putting 100k down, ill probably save some of the 100k too in case I lose my job or something. I'm not 40 yet though, im about to be 35 next month.
Adrian Ford Most the population in America got less than $10k saved... and most people at retirement age have less than $200k saved. There is a retirement crisis.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
My grandmother told me to put half of all money incoming into savings. Never buy on credit. SAVE to buy a new car. SAVE to buy a house. She always paid cash, lived through the S.F. Earthquake, the Depression, both World Wars, was a single mom/widow and traveled the world. Died a millionaire at 90. Amazing life she had.
Pohaku Mana smart woman!
Your grandmother was a wise and amazing woman.
Thank you for sharing
She was awesome!!
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Choose a reputable financial adviser like *Jenny Pamogas Canaya* for insurance, regardless of the firm. With her dedicated career in financial planning, you'll receive guidance for growth, better navigation, and secure task completion.
1:40 $50/day for 20 years. You’re right man, super simple, because every 40 year old that hasn’t started saving yet has no problem coming up with an extra $1500 a month!! Who knew it was so easy?!
Then $10. dollars a day. It's not the amount it's the habit.
Pohaku Mana I get it, and yes, I save already. I was just making light of the casual nature this guy had while he suggests $50 a day.
@@militaryav8r doesn't everyone make at least $75K a year?
Emerson I think he ment working days... so $50/day at 20 work days per month is $1000 a month.... looking at most Americans situation, that not common... about 1/2 the population in America struggles to come up with $1000 for an emergency, even $500 is hard for about 40% of people...that’s not good .
To be fair, $50 per day is only $18K per year. The 401K contribution limit is $19K and every 40 year old should be secure enough in their career where they are able to max out that 401K contribution.
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
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
@@harrisonjamie794 Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
@@DavidAntony-gq7id Who’s the person guiding you
@@harrisonjamie794 credits to *MARTHA ALONSO HARA*, one of the best portfolio managers out there. she's well known, you should look her up
@@DavidAntony-gq7id Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.
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 caII.
"I don't have the money to save for retirement." CNBC: "Start saving more of the money you don't have."
Yeah that's about it. I can't even get hired for a garbage job after dozens of applications and only a few interviews. I'm 38 and there's never been a time in my life where finding a job wasn't a soul destroying, all-out struggle. I've held on to the job I do have for 11 years now, but it's seasonal and low paying. Barely surviving on unemployment right now. Save money? Yeah.
Im 59. How do i start saving if 65% of my income goes to rent and i run a business by myself. My divorce left me broke. Not sure how to financially come up 😢
The best time to plant a tree was 20 years ago. The second best time is now.
I'm only 25 but I watched a video from the 60s a long time ago showing a group of retirees about 70 and the narrator mentioned the men were so well off because they started planning for retirement in their 40s. So now you should start in your 20s or what?
Elizabeth Saxe-Coburg-Gotha Agent 001 MI6/SIS lol yes the sooner the better forget about that video you saw start now
When I was a kid we opened a Bank Savings Account when we were in grade school. Learning how to save should start as soon as you learn how to spend/count money. Starts with a piggy bank and not having to buy everything you want on any given week. Or day. It's called self-control.
If you can, then start in your 20s. Not sure if social security will be around when you're able to retire. Also, expenses go up every year. Those 70 year olds probably had less expenses than you or I will.
If you have 1.18 million, you should be able to live on the interest for the rest of your life, not 30 years. Maintain a 4% rate of return during that time, and $40,000 should be easy, without touching the principle.
What about a person who is 50 and earning minimum wage income?
Bring your money to a poorer country . Don't buy women.
Retirement is now a nightmare see the stock market is in shambles we are gonna die of hunger.
How, In your dreams? Tech stocks are still booming!
@@kathleenstoner.n7499 Heard that too...Nasdaq in particular. What are are your thoughts on aapl, nndm & pltr?
@@sakhalittle9206 I don't do it myself. I cry alot lol. Found Sandra Yvonne webster on the internet. In all honesty, she's an angel.
Americans are broke unless your a CEO or some big shot, as a millenial my only hope is that I can save enough to pay off a house 100% by the time I retire and hope that social security is still around when I hit 65-70.
hopefully you can pay off the property tax to
You can do it, but you have to do it. You have to want it if you aren’t making good money, and you have to live below your means.
My brother and I were lower class as kids. Recycling cans dug out of trash with mom to keep lights on. Determined to do better we both enlisted. Lives immediately changed for the better. 21 years later family members think we are rich. We not rich but did what few are willing to do.
Ya if you have a job.
Think bigger!!!!
I'm 70 and can I start?
no
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
@Fred Howard That sounds great and how do i connect with her ?
@Fred Howard Okay i just found her website and left a message for her. thanks.
Wow! Excellent information.
Sharing
I am watching this video now. Now our unemployment rate is high 😢 I don’t know
No one makes that much!!!!!!!!!!!
What are your thoughts on ETFs and Stocks with dividends?
50 bucks a day for 20 years. Great info from David Bach.
I should be able to retire before 40 at my current pace
Cutting my expenses? How dare you!!!
Hustling is the way because most Americans do
WOW...this video should've 160million VIEWS... 1/2 of AMERICA ⭐⭐⭐⭐⭐🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕🍕
Buy gold. Paper money is being hyperinflated🤮
What kind of loser makes it to 40 without saving for retirement
I know one person at my work place. She is over 50 years old and said she couldn't save.
She said she rather had fun in her younger days and still wants fun in her current age. She now has a 20 years old kid but she wants to use the incoming money for traveling.
That's why she has not that much savings or none (according to her).
I have around 54k saved and a paid off car thats only 2 yrs old but $0 in retirement accounts or 401k's, the reason is because I was hoping to put a 20% down payment on a house and hopefully have a 100% paid off house by the time that I retire at age 65-70 but in the area where I live the real estate market has gotten so crazy expensive ($250k - $300k+) for starter homes from the 1950's - 1980's that I decided to just keep saving and hope that real estate prices normalize back down to $150k to 200k for starter homes, if they dont normalize by the time I have around 100k cash saved up then I will just take the 100k cash I have saved and move further up north to an area where brand new construction houses are $125k to $180k. I can get a 10-15 yr loan to pay off the 25k-50k that I need to finance to finish paying the house putting 100k down, ill probably save some of the 100k too in case I lose my job or something. I'm not 40 yet though, im about to be 35 next month.
Adrian Ford Most the population in America got less than $10k saved... and most people at retirement age have less than $200k saved. There is a retirement crisis.
LMAO... I didn't even open any kind of retirement account until I was 40.
@@thund3rstruck yikes
It was, a good video to bad your fake news. Even I didn't know this already I probably have a time believing it.
You have done it to yourselfs