Before you start investing, it's crucial to understand the basics of investing, different asset classes (stocks, bonds, real estate, etc.), and the associated risks. are you investing for retirement, buying a home, or building an emergency fund? Your goals will help shape your investment strategy.
Don't put all your eggs in one basket. Diversification means spreading your investments across different asset classes (stocks, bonds, real estate) and within those classes (different companies or industries). This helps reduce risk.
I Invest in low-cost index funds or ETFs that track broad market indices, such as the S&P 500. These funds offer diversification across a wide range of stocks and can be a more passive, low-maintenance investment option. They are suitable for investors who prefer a hands-off approach and want exposure to the overall market.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Vivian Jean Wilhelm” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for this. could easily spot her website just after inputting her full name on my browser. She seems really proficient and flexible. she replied my inquiry and we scheduled for a call sometime tomorrow.
It's amazing how history keeps repeating itself, and the urgency to prepare is definitely real! Investing can be the best decision of your financial life. I started my journey in 2021, and it’s been the best choice I've made for my finances.
No matter how long you wait, opportunities will arise in the market. Invest for the long term, and avoid being too greedy or too fearful. Making informed decisions is crucial; relying on luck isn’t enough, so partnering with an advisor is essential.
0:42 Living below your means 2:00 Maxxing out retirement accounts 3:29 When the value of your investments surpasses the value of your material possessions 4:29 Hitting $10,000 net worth 5:38 Hitting $100,000 net worth 6:35 When your investments increase annually more than your annual earned income
It still amazes me that people don't realize that if you simply put away $100 per month every month from 18 to 65 in something simple like an S & P index fund, you will have over a million dollars in that account. And a million is a lot more than nothing!
*I had problem comprehending trading in general. I tried watching other RUclips trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to Follow*
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies
With $545K from a home sale, it's natural to feel cautious. The timing of entering the stock market depends on factors like your risk tolerance, time horizon, and market conditions. Right now, many are concerned about potential economic slowdowns, but long-term investors often focus on staying invested over time rather than timing the market. You might consider dollar-cost averaging (investing smaller amounts at regular intervals) to spread risk or diversifying into dividend-paying stocks, ETFs, or bonds to balance growth and income. It may also be worth consulting your financial advisor to tailor a strategy aligned with your goals and current market conditions.
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850
I have a female advisor named Camilla Marie Fuller. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance.
It was stupid of me to sell $76,000 worth of NVDA stocks without reinvesting. (Buying bonds or CDs is not for me). I’d rather stay 100% cash, or are there any other stocks that can 10x in 6 months? I have 180k ready to be reinvested..
@@Bobhenry-c7z Right, investing with the help of an advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually, until the 2020 covid lockdown. I wouldn't have supplemented my income with stocks and alternative investments if it wasn't for the crisis. Find the Positive in every situation.
@@rebeccaartgallary ! I've been getting suggestions to consider financial advisory, but where and how to find someone reputable has been challenging, mind if I look up the advisor guiding you please?
@@Stefan-d3c Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@caitlynnsmiles3328 excellent question. I started plowing money into a 401k around age 28 -not much but some. I increased the amount annually until I hit the maximum allowed. I hit the $100K twelve years later around age 40. I hit $1M around age 50 and $2M when I retired at 58 three years ago. Again I kept increasing amount invested every year. That was critical.
I think another good intermediate goal is when your money is contributing as much to your retirement as you are so say you contribute 10k a year if you earn 8% annually so 125k it is the equivalent of doubling your savings rate for retirement that is pretty crazy when you stop and think about it.
I have met every significant financial milestone. Resisting lifestyle creep was the driver. I could retire today but instead enjoy a semi-retired lifestyle. Freedom and peace of mind is priceless.
Thank you! This was a great reminder of how the efforts of my ancestors had already blessed me in so many ways. Until now, I did not pay much attention to that or even realize the true value of my blessings.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@mikegarvey17I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My CFA “Izella Annette Anderson” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Rocking those NVDA, PALANTIR, TSLA, and APPL shares! Holding onto them for the long haul sounds good, but hey, I'm all up for grabbing those short-term chances too, aiming for that sweet $400,000!
Totally feel you on that! Lina Dineikiene's strategy has been a game-changer for me too. It's like hitting that major milestone when you look back at how it all began.
That's awesome! Googling her was a smart move. Her credentials are impressive, right? Reaching out for help is key, and scheduling that call is a solid step towards leveling up your game.
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Kathie Daisy Bosco who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!
This video is kinda silly, very generic AI generated feel. The average millionaire has it in there retirement accounts and just contributed consistently over time. They dont suddenly become better investors at $1m, its just that compounding becomes much more pronounced. If you started last year with $1m in your 401k and contributed max, $22.5k, but that was a 20% return year so you ended the year $1,225,000, compound interest added $203k. And so its easy to let an account grow. Even with average 10% returns $1m becomes $2m in 7 years, $3m in 12 years, $4m in 15 years, $5m in 17 years and that happens with $0 additional contributions.
The first 100,000;is the hardest keep adding to your 401k i add 5.5% of my pay into my 12.5% Employer contribution what one doesnt see one doesnt miss!!! Dollar cost Averaging when you add money when the market is up or Down you benefit from tax breaks and compound interest cheers 🍻 mate regards from stewy Hudson and Family Dalby Birmingham city England 🍻 🇬🇧 👍 😀 👏 🙌 🍻 🇬🇧 👍
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I don't think the Fed actions will cause collapse, but I do know abrupt and irreversible climate change certainly can. And it's already begun. And not to add to your misery fear, but the impacts are accelerating and will get worse.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment
I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
Stacy Lynn Staple is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I disagree with some of this. I bought two new F250’s for my heat and air business . Each vehicle will produce 250k in revenue each year minimum. Meaning not only does it feel great to buy a new vehicle, it’s actually an investment into a business. The cost of the vehicle is a drop in the bucket after 5 years of revenue generation in a single vehicle. You really need to consider your audience because a vehicle can increase your net worth if used for that purpose. As the asset deprecates, we get depreciation tax deductions. Not only do we save money on taxes by buying new, it generates us revenue. We would not be a 7 figure business without these investments. Consider entrepreneurial ventures when creating videos.
This is a PERSONAL finance channel, not a business channel…. You should quit being so sensitive. One could make the argument that buying two used trucks would have increased your revenue the same amount while lowering your overhead
How do you think I started my business? Personal finances. My point is, a person can become financially stable and have margin in life as a business owner. Instead of propagating the stock market, why not also educate people on being a producer more than being a consumer.
You don’t have to invest in the stock market to increase your personal FINANCES, you can invest into yourself and have much larger returns. Thats my point. It goes hand in hand. Personal finances feed businesses.
You have no idea what you talk about. Two used vehicles increases expense and depreciation. Why buy a depreciated asset just to have to replace it sooner? I can sit here definitively and say you are dead wrong. Keep studying. You might make it one day.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance.
Before you start investing, it's crucial to understand the basics of investing, different asset classes (stocks, bonds, real estate, etc.), and the associated risks. are you investing for retirement, buying a home, or building an emergency fund? Your goals will help shape your investment strategy.
Don't put all your eggs in one basket. Diversification means spreading your investments across different asset classes (stocks, bonds, real estate) and within those classes (different companies or industries). This helps reduce risk.
I Invest in low-cost index funds or ETFs that track broad market indices, such as the S&P 500. These funds offer diversification across a wide range of stocks and can be a more passive, low-maintenance investment option. They are suitable for investors who prefer a hands-off approach and want exposure to the overall market.
I try to consider a mix of bonds and fixed-income securities to provide stability to my portfolio but i need solid advise.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Vivian Jean Wilhelm” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
Mind if I ask you to recommend this particular coach you using their service?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for this. could easily spot her website just after inputting her full name on my browser. She seems really proficient and flexible. she replied my inquiry and we scheduled for a call sometime tomorrow.
It's amazing how history keeps repeating itself, and the urgency to prepare is definitely real! Investing can be the best decision of your financial life. I started my journey in 2021, and it’s been the best choice I've made for my finances.
What's the best way to begin, and how long until it starts yielding profits?
No matter how long you wait, opportunities will arise in the market. Invest for the long term, and avoid being too greedy or too fearful. Making informed decisions is crucial; relying on luck isn’t enough, so partnering with an advisor is essential.
I hope you don’t mind suggesting your sûpervisor, as you mentioned before
@@LeoSabastine Olivia charlotte Oswald
She's an amazing professional I’ve had the pleasure of engaging with. You can look her up
0:42 Living below your means
2:00 Maxxing out retirement accounts
3:29 When the value of your investments surpasses the value of your material possessions
4:29 Hitting $10,000 net worth
5:38 Hitting $100,000 net worth
6:35 When your investments increase annually more than your annual earned income
It still amazes me that people don't realize that if you simply put away $100 per month every month from 18 to 65 in something simple like an S & P index fund, you will have over a million dollars in that account. And a million is a lot more than nothing!
*I had problem comprehending trading in general. I tried watching other RUclips trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to Follow*
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies
I will advise you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you i think that way your assets are more secure
I'd recommend EXPERTED, JUDY ARIANNA her profit is great even when there's a dip
With $545K from a home sale, it's natural to feel cautious. The timing of entering the stock market depends on factors like your risk tolerance, time horizon, and market conditions. Right now, many are concerned about potential economic slowdowns, but long-term investors often focus on staying invested over time rather than timing the market. You might consider dollar-cost averaging (investing smaller amounts at regular intervals) to spread risk or diversifying into dividend-paying stocks, ETFs, or bonds to balance growth and income.
It may also be worth consulting your financial advisor to tailor a strategy aligned with your goals and current market conditions.
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
I have a female advisor named Camilla Marie Fuller. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.
Mind if I ask you to recommend this particular coach you using their service?
Stacy Lynn Staples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance.
It was stupid of me to sell $76,000 worth of NVDA stocks without reinvesting. (Buying bonds or CDs is not for me). I’d rather stay 100% cash, or are there any other stocks that can 10x in 6 months? I have 180k ready to be reinvested..
Overall, analysts are more bullish on Nvidia stock, however it's important to consult with a financial advisor before making any investment decisions
@@Bobhenry-c7z Right, investing with the help of an advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually, until the 2020 covid lockdown. I wouldn't have supplemented my income with stocks and alternative investments if it wasn't for the crisis. Find the Positive in every situation.
@@rebeccaartgallary ! I've been getting suggestions to consider financial advisory, but where and how to find someone reputable has been challenging, mind if I look up the advisor guiding you please?
@@Stefan-d3c Her name is. Sharon Crump Cline. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@rebeccaartgallary I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
The first $100,000 was the hardest no doubt. It seemed to take forever. BUT, after that the ball gets bigger, faster. The magic of compounding.
Cato451 can I ask at what age you hit 100k? I just passed 50k and I'm curious.
@@caitlynnsmiles3328 excellent question. I started plowing money into a 401k around age 28 -not much but some. I increased the amount annually until I hit the maximum allowed. I hit the $100K twelve years later around age 40. I hit $1M around age 50 and $2M when I retired at 58 three years ago. Again I kept increasing amount invested every year. That was critical.
@@caitlynnsmiles3328 I answered in detail but someone deleted. Sorry
@@caitlynnsmiles3328 I replied but someone deleted...sorry
Sundays w Chris!! 👍🍺🍺
@@OpusXcigars thanks for watching! 😀
I think another good intermediate goal is when your money is contributing as much to your retirement as you are so say you contribute 10k a year if you earn 8% annually so 125k it is the equivalent of doubling your savings rate for retirement that is pretty crazy when you stop and think about it.
I have met every significant financial milestone. Resisting lifestyle creep was the driver. I could retire today but instead enjoy a semi-retired lifestyle. Freedom and peace of mind is priceless.
What did you do to semi retire so fast.
Thank you! This was a great reminder of how the efforts of my ancestors had already blessed me in so many ways. Until now, I did not pay much attention to that or even realize the true value of my blessings.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
Impressive can you share more info?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@mikegarvey17I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My CFA “Izella Annette Anderson” a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Rocking those NVDA, PALANTIR, TSLA, and APPL shares! Holding onto them for the long haul sounds good, but hey, I'm all up for grabbing those short-term chances too, aiming for that sweet $400,000!
Totally feel you on that! Lina Dineikiene's strategy has been a game-changer for me too. It's like hitting that major milestone when you look back at how it all began.
That's awesome! Googling her was a smart move. Her credentials are impressive, right? Reaching out for help is key, and scheduling that call is a solid step towards leveling up your game.
Love the DaBaby "LETSS GOOO" pose at the end of the vid.
Great video Chris!
@@PierceJPeterson thanks Pierce! Did you change your name? 🤔
@@ChrisInvests I recently changed my RUclips handle lol
Great video Chris 👍
This is a great video from Chris Invests!
@@jessestraube6157 thanks for watching!!!
I'm $1,100 away from maxing out my Roth! I'm tempted to put $500 down now 😂
I like this video. Good one Chris
I retired at age 53, so I am in my early 60s. Many of them resisted me because they couldn't understand the idea of not working if it wasn't necessary. I considered the phases of my life. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." In my instance, I departed the nation after retiring and currently reside in Latin America. It made it possible for me to appreciate my new surroundings while escaping all the bad things that were going on in America. Nobody that I know of regrets retiring has yet to come to me.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Kathie Daisy Bosco who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Solid video!
100% of comments are scam. Is the content even genuine or is it just a way to expose your audience to the comments? Sometimes I wonder.
I am only 27 put 10k this year and maxed out my Roth account
Hallelujah!!! I’m blessed and favored with $60,000 every week! Now I can afford anything and support the work of God and the church. For Your glory, LORD! HALLELUJAH!
Oh really? Tell me more! Always interested in hearing stories of successes.
This is what Melissa Jonas Richard does, she has changed my life.
After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery. Glory to God.shalom.
I know Melissa Jonas Richard, and I have also had success...
Absolutely! I have heard stories of people who started with little or no knowledge but managed to emerge victorious thanks to Melissa Jonas Richard.
This video is kinda silly, very generic AI generated feel. The average millionaire has it in there retirement accounts and just contributed consistently over time. They dont suddenly become better investors at $1m, its just that compounding becomes much more pronounced. If you started last year with $1m in your 401k and contributed max, $22.5k, but that was a 20% return year so you ended the year $1,225,000, compound interest added $203k. And so its easy to let an account grow. Even with average 10% returns $1m becomes $2m in 7 years, $3m in 12 years, $4m in 15 years, $5m in 17 years and that happens with $0 additional contributions.
The first 100,000;is the hardest keep adding to your 401k i add 5.5% of my pay into my 12.5% Employer contribution what one doesnt see one doesnt miss!!! Dollar cost Averaging when you add money when the market is up or Down you benefit from tax breaks and compound interest cheers 🍻 mate regards from stewy Hudson and Family Dalby Birmingham city England 🍻 🇬🇧 👍 😀 👏 🙌 🍻 🇬🇧 👍
Stop trying to impress people that don't like you anyhow.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I don't think the Fed actions will cause collapse, but I do know abrupt and irreversible climate change certainly can. And it's already begun. And not to add to your misery fear, but the impacts are accelerating and will get worse.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment
I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?
Stacy Lynn Staple is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I think celebrating $10,000 in net worth is overrated. It's just the first step on a long journey! 🤷♂
Depends
I disagree with some of this. I bought two new F250’s for my heat and air business . Each vehicle will produce 250k in revenue each year minimum. Meaning not only does it feel great to buy a new vehicle, it’s actually an investment into a business. The cost of the vehicle is a drop in the bucket after 5 years of revenue generation in a single vehicle.
You really need to consider your audience because a vehicle can increase your net worth if used for that purpose. As the asset deprecates, we get depreciation tax deductions. Not only do we save money on taxes by buying new, it generates us revenue.
We would not be a 7 figure business without these investments.
Consider entrepreneurial ventures when creating videos.
This is a PERSONAL finance channel, not a business channel…. You should quit being so sensitive. One could make the argument that buying two used trucks would have increased your revenue the same amount while lowering your overhead
How do you think I started my business? Personal finances. My point is, a person can become financially stable and have margin in life as a business owner. Instead of propagating the stock market, why not also educate people on being a producer more than being a consumer.
@@d.redenius5639 omg, do you need a big safe space to sit at and suck you thumb?
You don’t have to invest in the stock market to increase your personal FINANCES, you can invest into yourself and have much larger returns.
Thats my point.
It goes hand in hand.
Personal finances feed businesses.
You have no idea what you talk about. Two used vehicles increases expense and depreciation. Why buy a depreciated asset just to have to replace it sooner?
I can sit here definitively and say you are dead wrong.
Keep studying. You might make it one day.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.
Mind if I ask you to recommend this particular coach you using their service?
Stacy Lynn Staples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance.