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Best thing that happened to me last year that I can attest to is the progress I have made so far on trade. Venturing into crypto was my best decision ever I know more is yet to come 2024
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial expert. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
@@mariaguerrero08Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Amy Desiree Irish 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.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
money goes crazy after you save 100k not only because of compound interest, but because the amount of time and effort to save 100k will engrain the habits and lifestyle choices you will need to ever become a millionaire. whether it's extra work ethic or just being frugal, saving 100k REALLY helped me on my own discipline journey.
The same concept applies to starting the savings habit. Everything changed for me after I saved my first $1000. And before that, it was a Coca-Cola cup of loose change. That $87 cup of change inspired me to finally save a bit of money on every cheque. The first $1000 a few months later showed me how easy it was to get "A THOUSAND" dollars. Once I had that first 1k figured out, 10k wasn't far behind.
@titolovely. You made the perfect point. What this guy says in this boring video can go wrong in many ways but your work ethic and experience will take you far once you get it right.
You are correct, usually if you are able to save 100K, its not only the habits but you got something going for you to make money. Because of experience, you can even make more money every year.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
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.
Credits goes to "Mary Elizabeth Fugelsang" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next Nvidia in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I think the next big thing will be A.I. For enduring growth akin to Nvidia, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Facing a similar situation, I sought advice from an CFP. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.
Vivian jean wilhelm is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Finding financial advisors like Vivian Jean Wilhelm 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.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
I completely agree, The first $100k was the toughest, and I didn't really start seriously investing until I was 32 back in the 90s. Today, I'm 55 with a decent $3.2M nest egg, thanks to the early guidance I had. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
It's really not as difficult as many people presume it to be. It just requires a certain level of diligence, which is something ordinary lnvestors lack, and so a financiaI advsor often comes in very handy.
True. This is why I work with an investment advlsor. I currently now have over $880k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures ballpark goal this year.
Did you invest in a mutual fund? At 30 yo I have 3, 25k separate CDs (75k total) earning 4-5%, 30k in a mutual fund, and 35k inherited in a singular defense stock. Was thinking of moving the defense stock into the mutual fund.
With around £220k invested in tech/TSLA stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@CharlesLarocca Rebecca Charlotte Craig 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..
Hey bud, so you have your 220k invested in individual company stocks like Tesla? That's how I read your comment, and please correct me if I'm wrong. If so, this is not really investing, this is more speculation. Buying in index's is investing, as you are spreading your money across a large number of companies. Also, don't worry about inflation, this is not an investors concern. I agree that Tesla is a great company, but i would never own a single stock unless I was already a very successful investor.
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
I started working with Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@@AndersonCallaway You don't need one to make solid gains if you play your pieces right. I've had no problems achieving 5% annual returns, and in some rare cases I managed a 20% return in some of my holdings. Though I guess on some levels I have experience with numbers and statistics.
I actually sell a small amount of something if it spikes on the daily to mitigate a risk of loss and if anything is not performing well that I'm wanting to ladder out of I sell a proportionate amount of it to offset some of my capital gains.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. you should consult with an expert so you don't get burnt out
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and entrusting the rest to an expert for inveestment. She has significantly impacted my financial journey, fostering clarity and confidence in the st0ck market. Thanks to her guidance, I've grown my portfolio from $100k to $1.4m in just 5 years.
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and entrusting the rest to an expert for inveestment. She has significantly impacted my financial journey, fostering clarity and confidence in the st0ck market. Thanks to her guidance, I've grown my portfolio from $100k to $1.4m in just 5 years.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
Appreciate the thoughts and ideas from Mark. However, many here should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches/tutors for optimal growth.
With a good investment plan that ensures steady incomes without any doubts I am prepared for a well organized retirement. I got into the stock market 3 years ago and so far, I am making a good yield on my dividend.
It’s not rocket science. I got into the stock market and started investing in some stocks. Long story short, I blew my account and lost it all with one wrong move. a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $30k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 270k in roi, I sit back and just reinvest at intervals while I handle my other businesses.
“Sonya Lee Mitchell” 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 am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Cynthia Mcclure Alexander is the licensed fiduciary my family use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
If you had simply bought an index fund, contributed regularly and sat on it instead of trying to time the market, you would be fine. If you invest on stuff that's hot, you already missed the boat.
I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
@AliceNicholson-q4i How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Personally, I think investors will start to seek more market diversification. can i confidently invest about $350k into the financial markets in 2024? I'm still not sure how rates will effect the market just yet, which worries me a lot.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
'Lauren Marie Ehlers'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
Dividend investing is most effective when approached with a long-term perspective. While dividends can provide immediate income, the true power lies in the compounding effect over many years. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
Awesome to see an older gentleman still pushing deeper into investing. A lot of people commenting are fairly new, I've only actively been investing a few years for instance. It's very affirming to see someone (who's not an influencer) that has long term conviction and success. Any chance I could ask your top three tickers?
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
These are fantastic takes, I was really hopeful of my investments this year, but I followed some stock suggestions that didn't go so well, I've been studying the market crashes and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?
Throw it into AI stocks , I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income to create more cash flow. I grew to a 7 figure well-diversified portfolio just by following Trisha Jean Webb's recommendations and having exposure to different prolific investments mainly blue chip stocks, precious metals, and high yield dividend funds.
There's some new stocks with really high MONTHLY derivatives (65% , 79 cents), like QQQY but these tend to drop in value; so either get your investment back in 2 years by taking the derivative or risk reinvestment for compound high interest fast.
The other "H" in this is "Health". If you give yourself the opportunity to live a long life, the money you save will be worth more for longer. It's amazing to me when I talk to people that hit the pub every single day after work and spend $30 to $50 on alcohol. These same people smoke, eat poorly and drink (and maybe do other things as well....). Then they complain about their life.
I have recently discovered keto diet and it has changed my life! I’ve lost 12cm around my waist. My 20 year old lipomas have almost disappeared. I can see my abs! My back pain has gone and I feel great! Wow, I am so happy right now. I’m almost certain it is because I have drastically reduced carbs and sugar.
I can’t take keto / any animal protein diet. My cholesterol shoots up , I’m Statin medicine intolerance so i change my diet to 90% vegan . Everything’s under control without medicine. Live healthy and then focus on wealth .
@@davidhamtaroplease learn more about cholesterol. It is so essential for hormones etc that your body makes it. Vegan might work short term but you will suffer long term.
I have one income and four kids. It took me until 45 to save 100k. I am now saving almost half that much a year now. Its amazing how much easier it is to earn money at 46 than when I was 26.
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
The last 15 years of low interest rates have supported the stock market great run. The next 15 years will not necessarily yield such great returns assuming rates stay up or even go up from here due to persistent inflationary pressures.
This is true. I saved $100k by age 30. Kept investing about 20% of my salary. At 59 I have $2.3 mil networth despite losing half my assets in a divorce 9 years ago and making several classic investment mistakes.
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
@@esqu1re thanks for taking a moment to stop by before now at the beginning of my investment journey I know how I felt with my losses it isn't a good feeling and I don't wish that for anyone
Those divorces get men EVERY time. Something so rarely mentioned in these videos but with the way the court system is set up every man needs to consider. Smh
AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
At 18 I started my first online business saying products and services. I submerge myself around people who had what I wanted in life. In 2017 invested into my first business, a laundromat, resold it after 7 years and made a profit. At this point I have 2 businesses, a wife, 4 childern and a home. I spend 10 hours a week doing business with my family and the rest with my family and friends. I knew what I waited at a young age and took baby steps towards it. I wish you all success and health
Hi Mark, also the health issue is very very important. Doing all these hours can mess up your life hygiene very bad (junk food, cigarretes, your sleep). Eating healthy, sleeping more than 7 hours/day and not having any bad habits are essential in this journey.
This is a pretty good reality check as to why poor and working class people *usually* stay that way. It takes quite a bit of hard work, thrift, and discipline to go from $0 to $100,000. Hell, if you think the first $100k is hard, just managing to hang onto the first $10k can be infuriating. Life wants to keep you poor and in debt...that's unfortunately the norm, and many never reach that critical escape velocity where they're living a comfortable enough life and really stacking it away.
Not just the poor! You have no idea how many high earners live paycheck to paycheck because they are all about getting the bigger car, the more expensive clothes, watches, bigger house etc. They purchase liabilities, not assets. They're all about status symbols that boost dopamine for a couple days but generate zero income. From outside, you see them on the street or on instagram with the nice car and suit etc. you think they live the best life, but really they are stressed af because car's on lease, house's on debt etc., and their high paycheck barely covers it, and they're stuck. But once they get this lifestyle they don't want to give it up, it's a self-fulfilling prophecy. I'd rather live a simple life but invest and know I'll be financially independent in 15-20 years.
. *It also requires a person to have an income that surpasses basic living expenses. As the gentleman in the video mentioned, it's harder "now" because of less income earned today per same job.*
@snoglydox bit he also pointed out that in some ways it's way easier now. 20 Yeats ago if I wanted a second income, there was no RUclips. There was no Uber or DoorDash. If you wanted a side hustle you needed to save up started capital and literally start your own side business, or you had to have a second (often full time) job that was willing to schedule around your main work. We also didn't have access to our investing accounts from our cell phone to make trades on the go, the list goes on. Sure inflation is a motherfucker, but we also have tools at our disposal prior generations could have only dreamed of.
I can attest to this. Years ago, when I surpassed $100k, my brain changed - it didn't take all that long to save $100k. But, going from $100>>$300k was so easy. Then, $300k >>> $1 million etc even faster.
Quite frankly the most helpful explanation of compound interest and tax efficiency that’s practical to me a 46 year old male just getting divorced and starting again. THANK YOU SO MUCH!
Putting well-earned money into the stock market can't be over emphasised for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $2M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me?
Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $175k to $450k despite inflation.
Julianne Iwersen-Niemann is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look her up.
I’m 42 and didn’t start saving for retirement until I was 30. I’ve now got a little over $200k in there and it’s growing fast. I’m a local truck driver and started putting 10% of my income in and automatically raised my contribution by 1% a year until it hit 17% where it’s been since. Average income has probably been around $80k and it definitely varies. It’s never too late to start! It can build quick!
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
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 ‘’Stacy Lynn Staples’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
I just sold a property in Barcelona and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, l'm really just confused at this point.
Consider getting advice from someone who knows their way around, if you're not familiar with the market. Look for a seasoned pro. Their services have greatly contributed to the success of my investments for years.
A lot of folks downplay the role of advisors 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.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
Woah for real? I'm so excited. Charlotte Miller strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
Great mention of starting a business around your passion to save money on tax. As a skateboarder, I started a skate school and now all of my new decks, wheels, bearings ect are tax deductible!
You should do your research to get a better idea of which Bitcoin mining company you want to use. The one I am using has made over $300,000 in Bitcoin so far.
Fair enough, I do have an idea of how Bitcoin cloud mining works. But if using a platform has made you successful, why wouldn't I fully commit to using them as well?
When I got hired with a company that offered 401k with matching, I took full advantage of it by putting in 15% of my salary in. It was a hard thing to justify when I only made 50 to 60 k. But I’d say it was worth the sacrifice. 5 years in, my investment portfolio is now cresting 80k. It won’t be long before it breaks 100k!
_A lot of folks downplay the role of advisors 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 license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
I just signed up for 12% of my check and I make around 55k at that job. I work a second job just to make up for the money I’m not bringing home. Matching is free money so we can’t pass it up
Just found this channel. Very good info! He is right!!!! I had over 100K in credit card debt. Took me 7 years to pay off. Then I when I paid it off took the same amount of $$ (monthly payments) and started investing. In 4 years I finally made it too a little over 100K! That's over a 200K swing! I did all the things he mentioned in the video. If I can do it with a family and living in an expensive area so can any of you. Good Luck!!!
@@RuddsReels As the video mentions about 10 times, you should just invest it into an index fund like the S&P500 (or FTSE All-World), which consists of hundreds or thousands of companies. As studies show, it's extremely unlikely you will perform better than a (diversified) index fund.
Enjoy your videos, would love to have you on Masters of the Market... However, it really is true, after $100K, compounding works like a charm. Likewise with anything in life... Momentum begets momentum!
yes but do both. Say you can save £500 per month, invest upto maybe £200 and save the rest as you can withdraw it whenever you want knowing it will be stable
To be kinda blunt, I am giving up on investing in stocks... I put between 2000 to 3000 a month and it's nothing but down down.... Sooooo frustrating and I only invest in boring big companies. How can I capitalize in such a market?
It’s nice to hear this I’ve been maxing out my 401k, Roth IRA, HSA accounts for 3 years and it’s been hell. I see my friends going out constantly and I have to sit at home or work extra hours even though I can do the same. Hopefully I can see the snowball more clearly soon. The S&P500 finally doing good is definitely helping but how do you stay motivated for so long?
Careful about saving too much. Opportunity cost is real, you might be rich later bc of it but you're not meeting people or living your 20's out. You can't get that time back, so try some moderation to make sure you don't have regrets
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
I am writing a book on growing wealth and personal finance that comes out of 43 years of experience. You are doing exactly what you need to be doing and you will get the last laugh some day when the people wasting money today have much smaller net worths.
I would try to figure out how much you plan to need in retirement. And figure out what you need to do to maintain that pace. After that, I would consider investing in a brokerage account. It doesn’t have the same tax advantages of retirement accounts but you don’t have to wait until retirement to withdraw money. I think this is a big thing that a lot of people miss. They grind their whole life trying to get $10 million in an account that they’re not going to touch until they’re 65. Money is just a tool. God gave you a life to use it. All the money in the world at the end of your life won’t buy you another second of time that you could have used for quality time with your friends or family or helping someone in need etc.
It’s a marathon, not a sprint. Make sure it’s sustainable. I highly recommend budgeting some spending cash (and/or a certain weeknight every week or monthly, if time is your limiting factor) to be able to go out with your friends. that frees you up to go out and enjoy life, and yet limits your time and money spent (by having a strict budget). You save now so that you can enjoy life later, and that’s important. But your well-being and sanity is also important, so you gotta find the balance.
Hi Mark, I'm 21 and have worked since I was 16. I currently have about £22k saved, £2k invested into my vanguard ISA and a £3k emergency fund. My question is, do I need to save for a house deposit first via my bank (if so how much would you recommend) or shall I just focus on maxing out my ISA as much as I can? If I go the way I am, I'm confident by the time I'm 25-26 I will have £100k. It's just I won't have £100k in once place, it will be across my savings and ISA. I'm not sure what I should focus on first as I want to get on the property ladder before I'm at least 26. Any help would be awesome! Harry
Hi, I would personally look at around 30 years old as your goal, no one needs £22k in a savings account when you can max out a stocks and shares ISA . The way you’re going you could very well have a million before you hit 30. Keep your options open and take a decade of sacrifice so you can then live a lifetime of freedom my friend. MT 😎
Im 20 and have like 100k cad saved. Thinking of buying a foreign a start a car rental business. Most of my friends do it already so we will share clients. Risky business but every business is risky, just gotta try it.
There are many ways to approach this. One major thing is to redirect focus from the self gratification now, in order to save and grow to where later you can live your dreams
No, the real reason is that fixed costs eat a larger fraction of a smaller net worth and you end up "running like mad just to stand still" like the Red Queen. As your net worth grows, your legs grow longer (return rates act on a larger principal and yield a greater annuity) and your Red Queen can start actually getting somewhere.
It’s called inflation and it has been going faster and faster. So you need more to get out of the hamsterweel… Get out of the dollar and in to hard assets is how you do it
@@LaplantFilm You'd have to find a hard asset that (reliably) outperforms inflation in the long term. (Or, equivalently, if you can reliably identify a series of shorter-term assets that do this.)
Completely agree with the 3 first comments. The inflation is your real enemy. I also would add up that when you are younger you need to buy the basic things that you still don't have and make your life productive, like house, car, forniture, eletronics, clothes, food, bills and etc. Then you have a fixed debit that you need to overcome. And, to overcome it you need time to get better jobs positions and income. After some time you surpass the debit and start investing. To overcome it easier and in less time, you would need to get the investing knowledge before starting making fixed bills and have somehow a way to avoid other expenses. Better if your parents give you support to achieve it. But that's not the case for many people. So, each of us "starts the race" at different positions and speeds.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
I enrolled in the 401k plan my 1st week with my current employer in Feb 2019. I’ve salted 16% of my salary in the Fidelity S&P 500 index and currently sitting at $110k.
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.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocation of their portfolio to defensive assets for market downturns. financial advisory is vital for achieving this, This approach has helped me stay financially secure for five years, yielding nearly a million ROI
My expectation for 2024 is that markets starts to broaden out more, with the rates cut i have a couple of questions....can I safely invest $220k in the markets? What should I do differently?
My trip from 0 to 100K was about 12 years, filled with mistakes and trial and error along the way. My trip from 100K to 3.6M has been another 12 years. It's very true. It's a LONG PATIENT AND DISCIPLINED game. It's not sexy. It's not fun. It's not exciting. It's a marathon. But it's a marathon where you start picking up more and more speed as time goes by. I was too late to build an empire, but maybe it's not too late for you (I will retire in about 4 years and I expect to have enough to be comfortable but not "wealthy", part of my efforts on this are I have too may people who do NOT earn well that I have to support and take care of, but even they are starting to learn and listen to me and do better).
@@Sx-xy2zi It depends how you look at it. Positioning myself to look like a good credit risk on big mortgages took a few years, but in my first year I made around £1.4 million profit and I had built a decent property rental portfolio yield.
Amid widespread anticipation of a market downturn, there is a prevailing sense of pessimism perpetuated by the media. However, for astute investors, this atmosphere of apprehension presents a unique opportunity. By focusing on the fundamentals and strategic investment decisions rather than succumbing to prevailing sentiments, individuals can leverage the market's potential for long-term financial growth and security. It is imperative to maintain a discerning perspective and capitalize on the opportunities that arise during periods of uncertainty.
Your insights have been truly enlightening, and your perspective deeply resonates with me. I am eager to further explore the strategies you outlined and would greatly appreciate the chance to connect with you. I am keen to discuss how to effectively seize market opportunities, and your expertise in this area would be incredibly valuable to me.
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday.
Varied sources of income is wise and especially living within your means. My net worth is over $1M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020.
She goes by ‘’Marisa Michelle Litwinsky’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
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 ‘’Marisa Michelle Litwinsky ” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Also invest in your health. I was actually putting too much in my 401k which cheapening out on food and medical needs. I wish I had taken care of 3-4 issues in my 20s.
Hi mark I have been trying to max out my stocks and shares isa and have done for the past two years so I’m now looking at a portfolio of 58k at 20 years old hoping to hit that 100k mark within the next two years keep up the good work inspiring people
The S&P 500 average yearly return of 7% is an average based on the last 90 years. Some people believe that means a 7% return every year which is not the case. It's meant to be a long term investment, as in the longer you let your money grow, the more likely you are to get that 7% average. If you expect those numbers with a 1-5 year investment during a bear market, you may be dissapointed.
What I think was missed in this video is the importance of living and enjoying as you build your financial empire. Trust me on this, folks. As the late Jim Rohn once put it, "you can get more money but unfortunately you can't get more time. Time is more valuable than money." Mark those words.
_A lot of folks downplay the role of advisors 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 license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
I was mentally ill for the last 10 years or so and lived off government support. I never really got ahead but I understood investing. I dont quite have 100K yet but I am debt free and with a nice amount invested. And I am healthier so I can start increasing my income. I am used to spend basically nothing and everything I earn goes towards my future. Its not a lot, 200 dollars a month or so saved, but it compounds.
Some people may think the most important part of this comment is about the money.. In reality it is that you are heathier! Im so happy for you brother. If that health isnt on point there is legit no reason to have all that money saved to enjoy later down the line. Wish you the best in the future and good health!
Glad to hear you mental health is better, way more valuable than money. SAving whatever amount is a great habit to have built. Hope both journeys continue to be positive for you.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Fantastic video. Quick question. Are the ROI adjusted for inflation. I.E is that £1mil with todays value or in say 30 years? I.E if the market peforms say 7%, isnt it the net gain that should be calculated adjusted for inflation?
QUESTION: What if you have a 401k with a total value of 100k...but the balance is divided amoung 2 different funds within the 401k. Each fund"s balance is less than 100k? Do you still get the accelerated growth of the 100k benchmark, or no, since they're individually less??
Congratulations on 2 million subscribers and always producing great content. You’re one of the reasons I decided to start my own channel. Thank you sir!
My 1st 100k took almost 17yrs. 2nd took almost 4yrs. Going into 3rd right now after almost 3 yrs. But now Im more focused on Roth and Im maxing from here out!
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
I agree. Took me something like 20 years to accumulate that first $100,000, starting from $0. Was much easier after that because I accumulated investing knowledge along with that $100,000 during those 20 years.
You look and sound like a trustworthy person. That makes me pay closer attention to what you say. Keep doing what you’re doing and you’ll keep being successful. Thanks.
Figured this out 3 years ago with zero savings. Passed 100k last month and bought a house last year. It is truly a mental game, and the will to grind out the hours.
Mark this is my first time waching your content and you sold me at minute 1:22! You genuinely made me smile and helped me realize youre here for a good reason!
The compounding interest is more a factor the larger your balance. Eventually the compounding is more than you can contribute in a year. In the beginning you have very little tangible compounding. in 2016 my 401k balance was 250k, and I was at 600k by 2020, and almost 800k in 2023. I suspect I'll get to 1M in the next 2 or 3 years.
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
Think of all the people who began with 100k from daddy and called themselves a completely self made man at 1mil, honestly believing that they did 90% of the work.😝
Once you earn 100k you have achieved good disciplined mindset. After that it's not only compound interest but also compounding of knowledge shows magic. Target 8 4 3 rule.
I may have more than $200k in inheritance but I'll never sell my property. Rather I'm starting from zero. I'm 18 now I think I'm a little bit late but hope for the best
I already made a 100K, but here's the caveat: the first 30K went to paying off study loans, the next 30K to a home deposit, now close to 40K for the first time. Slowly but surely I'll get there. Thanks for the reminder :)
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
That's such a correct statement. Although buying power is far less than 30-50years ago the internet opened so many possibilities to get richer than your grand parents who could buy a house for 100k (average house in my country is 600-700k)
Well I suggest you seek a financial guidance someone who can help you carry out your trades perfectly to avoid loss because the losses in this game could make one cry and depressed for a long time
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 170k you could try less
@@Patri850or just not be dumb and gamble. Pretty easy to just DCA into an S&P 500 Roth IRA BTW. You're getting scammed with a financial planner. Hate to be the bear of bad news
@@djcardwellaiWe all make mistakes. At least it sounds like you learned from it. Never be so overleveraged on a single company, because you feel like it's invincible/greed. A single company is very unlikely to outperform a consistent index like VOO. Putting all your eggs in one basket like that is like going to the casino and thinking you have an unstoppable plan by putting all your money in existence on black 32 at a roulette table. You may have gotten extremely lucky a time or two, but anyone with sense would realize it's a silly long term strategy and would walk away ASAP and invest in something way more reasonable and designed for YOU to win and not the house.
Nah I’ll pass working that hard. I enjoy time with my family and my mental health is in the shitter working too much. So many older folks I talked to always say they regret working so much.
Or you can think of it as being happier with less, keep the work the same. My two older kids have the happiest memories of the first place we lived and we were POOR. Very cold house in winter, electric got shut off a few times etc. When we were struggling. Gas got shut off once in the summer and we cooked on a fire in the back yard etc. which for some reason brought our family closer. I'm not saying you need to do all that, but what I am saying is you can have much less and still be very happy. This would allow you to save.
Working Full Time is A bust and takes your time away from better things like Family or Personal Stuff.. Still Investing can be done rather than Spend it all. Part Time work if you must do work is the max you should do.
In my country any interest made is taxed as income so you lose over a third of it to that. Also need to take out the inflation rate. So you're 7% gross interest rate is really like 2% to 3%. Good luck getting rich like that.
4:50 Yes you'll be a 'millionaire' but that million dollars won't be worth anywhere near what it currently is worth. 5% - 10% is ok but it's hardly countering the effects of inflation and cost of living rises.
But don’t forget that you will hit bumps along the way. I’m currently stuck around 300k for around 1,5 years now but even so I’m not feeling it, I know I will make progress again.
This is the most honest in depth and easiest to understand financial video I've ever watched. Well, the best content about finance I've ever come across even counting the books I read. Like your explanation and hands on approach to talk about how small start doesn't work with compound income (be it saving interests, investments, or hard assets/machine leverage) is great! And it tackled the very thing any financial contents hide from the audiences because they don't want people to give up on investments. I know this because I did lots of math on compound interests even when I bought my first apartment room (yes, not renting) and also "bet" on forex, that small money doesn't worth my time, I'm better off working on what I love. For forex, I used to bet on digital binaries, imagine making 16 head bending decisions a day just to triple my $100, and lose it all in 15 seconds, yes, that's how much it doesn't worth.
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@@renatosureal the only way to really make money is to make a bunch of chumps to sign up for your product
Every family has that one person who will break the family financial struggle I hope you become the one 😊
We work for years to earn $1million on our retirement, while some people put thousands of dollars in some meme coins and they become millionaires.
Best thing that happened to me last year that I can attest to is the progress I have made so far on trade. Venturing into crypto was my best decision ever I know more is yet to come 2024
@@stephaniea.mitchell8034.Big pumps to you what a step you took, please any recommendations from you!! Need to start somewhere.
She's active on face book
Derek Mia Scott
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial expert. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
@@mariaguerrero08Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.
Her name is “Izella Annette Anderson” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I really appreciate your useful advice. I was able to set up a call with her and confirm her identity. She seems incredibly knowledgeable, and I appreciate your advice so much.
"Investments are the roots of financial security; the deeper they grow, the stronger your future will be."
The deeper your investment roots, the stronger your financial security will be in the future.
Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.
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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Amy Desiree Irish 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.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
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.
money goes crazy after you save 100k not only because of compound interest, but because the amount of time and effort to save 100k will engrain the habits and lifestyle choices you will need to ever become a millionaire. whether it's extra work ethic or just being frugal, saving 100k REALLY helped me on my own discipline journey.
The same concept applies to starting the savings habit. Everything changed for me after I saved my first $1000. And before that, it was a Coca-Cola cup of loose change. That $87 cup of change inspired me to finally save a bit of money on every cheque. The first $1000 a few months later showed me how easy it was to get "A THOUSAND" dollars. Once I had that first 1k figured out, 10k wasn't far behind.
@titolovely8237 This is such a great point you made here...
@titolovely. You made the perfect point. What this guy says in this boring video can go wrong in many ways but your work ethic and experience will take you far once you get it right.
You are correct, usually if you are able to save 100K, its not only the habits but you got something going for you to make money. Because of experience, you can even make more money every year.
. *Having money also gives you purchasing power, so you buy things cheaper without having to borrow with interest.*
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
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.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
Credits goes to "Mary Elizabeth Fugelsang" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
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.
Anyone else here obsessed with Secret Pathway To Triumph? It's like discovering a secret treasure map for wealth!
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next Nvidia in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.
I think the next big thing will be A.I. For enduring growth akin to Nvidia, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Facing a similar situation, I sought advice from an CFP. Through portfolio restructuring and diversification with good ETFs, S&P 500 and growth stocks, I've turned my portfolio around from $200k to over $800k in a few years.
Your CFP must be really good, I hope it's okay to inquire if you're still collaborating with the same CFP and how I can get in touch with them?
Vivian jean wilhelm is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Finding financial advisors like Vivian Jean Wilhelm 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.
it's quite shocking how few people know about the forbidden books on Corlest
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
I completely agree, The first $100k was the toughest, and I didn't really start seriously investing until I was 32 back in the 90s. Today, I'm 55 with a decent $3.2M nest egg, thanks to the early guidance I had. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
It's really not as difficult as many people presume it to be. It just requires a certain level of diligence, which is something ordinary lnvestors lack, and so a financiaI advsor often comes in very handy.
True. This is why I work with an investment advlsor. I currently now have over $880k in a well-diversified portfollo that has experienced exponential growth and is well-matched for every season of the market. We are now working on a more figures ballpark goal this year.
I appreciate this share. I just set up a call with her and I am keen on getting to talk to her particularly. Many thanks
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Did you invest in a mutual fund? At 30 yo I have 3, 25k separate CDs (75k total) earning 4-5%, 30k in a mutual fund, and 35k inherited in a singular defense stock. Was thinking of moving the defense stock into the mutual fund.
With around £220k invested in tech/TSLA stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@CharlesLarocca Rebecca Charlotte Craig 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..
@@MiquelMorterero i dont know how to get the coin trying to buy gummy
Nobody is this stupid.
Hey bud, so you have your 220k invested in individual company stocks like Tesla? That's how I read your comment, and please correct me if I'm wrong. If so, this is not really investing, this is more speculation. Buying in index's is investing, as you are spreading your money across a large number of companies. Also, don't worry about inflation, this is not an investors concern. I agree that Tesla is a great company, but i would never own a single stock unless I was already a very successful investor.
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant
I started working with Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.
Please how can I get in touch with this Alex Gomez? I really need to give him a try
he's mostly on Telegrams, using the user.
It's a common misconception that when a stock you buy skyrockets, the smart thing to do is sell it (or at least sell some of it) to lock in your profits. But the context matters. If the stock has increased sharply because the business is performing exceptionally well, it could still be a bargain. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@@AndersonCallaway You don't need one to make solid gains if you play your pieces right. I've had no problems achieving 5% annual returns, and in some rare cases I managed a 20% return in some of my holdings. Though I guess on some levels I have experience with numbers and statistics.
I actually sell a small amount of something if it spikes on the daily to mitigate a risk of loss and if anything is not performing well that I'm wanting to ladder out of I sell a proportionate amount of it to offset some of my capital gains.
Another Scambot thread
I have $100k that i like to invest in a non-retirement account, any advice on that because I don't want to be overtaxed
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. you should consult with an expert so you don't get burnt out
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and entrusting the rest to an expert for inveestment. She has significantly impacted my financial journey, fostering clarity and confidence in the st0ck market. Thanks to her guidance, I've grown my portfolio from $100k to $1.4m in just 5 years.
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and entrusting the rest to an expert for inveestment. She has significantly impacted my financial journey, fostering clarity and confidence in the st0ck market. Thanks to her guidance, I've grown my portfolio from $100k to $1.4m in just 5 years.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
pls how can I reach this expert, I need someone to help me manage my portfolio
Appreciate the thoughts and ideas from Mark. However, many here should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches/tutors for optimal growth.
I need a good finance coach, do you know one
EIizabeth Greenhunts
She’s top
Good I got here. Big Thanks
Kudos
With a good investment plan that ensures steady incomes without any doubts I am prepared for a well organized retirement. I got into the stock market 3 years ago and so far, I am making a good yield on my dividend.
Way to go! If you don't mind, can you share how you're doing it?
It’s not rocket science. I got into the stock market and started investing in some stocks. Long story short, I blew my account and lost it all with one wrong move. a licensed fiduciary is the brain behind my success. I've gotten into a plethora of assets with $30k spread across stocks (options and futures) for the short term and Roth IRA, index funds, and ETFs, for the long term. Now with over 270k in roi, I sit back and just reinvest at intervals while I handle my other businesses.
Could you kindly elaborate on the advisor's background and qualifications?
“Sonya Lee Mitchell” 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 searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Cynthia Mcclure Alexander is the licensed fiduciary my family use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Botssss
If you had simply bought an index fund, contributed regularly and sat on it instead of trying to time the market, you would be fine. If you invest on stuff that's hot, you already missed the boat.
I’m 35 and I have about $250k liquid in savings which I plan to put towards becoming a homeowner but based on the current high prices on real estate, do you suggest I hold from buying or do stocks for now?
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
@AliceNicholson-q4i
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@Karenowen-f9jif you have a 401k already you may be exposed to these markets now with something like a Target 2050.
Scam thread
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
I would bet on nvidia with ai. Nvidia is doing so good. @@TariqSinghKhan
Be prepared for the pull back
@@BigGreenDildo it always grows
Personally, I think investors will start to seek more market diversification. can i confidently invest about $350k into the financial markets in 2024? I'm still not sure how rates will effect the market just yet, which worries me a lot.
I think investors who are wary of changing market trends should seek out bear market directions from certified strategists/planners. Safer that way
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
'Lauren Marie Ehlers'. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.
BTC
@@chrisbluebird5037SCAM!!🚨🚨
Dividend investing is most effective when approached with a long-term perspective. While dividends can provide immediate income, the true power lies in the compounding effect over many years. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
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.
@@michaeldavid6040Malaika Khan Arora
Awesome to see an older gentleman still pushing deeper into investing. A lot of people commenting are fairly new, I've only actively been investing a few years for instance. It's very affirming to see someone (who's not an influencer) that has long term conviction and success. Any chance I could ask your top three tickers?
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.
If you can, then get a professional to trade for you I think that way your assets are more secure.
Someone like expert Scarlett Hansley
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
This is correct, Scarlett's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
These are fantastic takes, I was really hopeful of my investments this year, but I followed some stock suggestions that didn't go so well, I've been studying the market crashes and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?
Yes, cryptocurrency crashed the last couple years, so it should be starting a new run to a new high.
Throw it into AI stocks , I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income to create more cash flow. I grew to a 7 figure well-diversified portfolio just by following Trisha Jean Webb's recommendations and having exposure to different prolific investments mainly blue chip stocks, precious metals, and high yield dividend funds.
@@RandyPelletier just checked your FA out , she looks really impressive.
There's some new stocks with really high MONTHLY derivatives (65% , 79 cents), like QQQY but these tend to drop in value; so either get your investment back in 2 years by taking the derivative or risk reinvestment for compound high interest fast.
@@rogerstone1842Scam bots 🥱
The other "H" in this is "Health". If you give yourself the opportunity to live a long life, the money you save will be worth more for longer. It's amazing to me when I talk to people that hit the pub every single day after work and spend $30 to $50 on alcohol. These same people smoke, eat poorly and drink (and maybe do other things as well....). Then they complain about their life.
Hi Johnny. It’s always amazed me as well. Good luck my friend. MT 😎
I have recently discovered keto diet and it has changed my life! I’ve lost 12cm around my waist. My 20 year old lipomas have almost disappeared. I can see my abs! My back pain has gone and I feel great! Wow, I am so happy right now. I’m almost certain it is because I have drastically reduced carbs and sugar.
I can’t take keto / any animal protein diet. My cholesterol shoots up , I’m Statin medicine intolerance so i change my diet to 90% vegan . Everything’s under control without medicine. Live healthy and then focus on wealth .
The other "H" stands for hoe's .... Like Andrew Tate said pimping hoe's degree!
@@davidhamtaroplease learn more about cholesterol. It is so essential for hormones etc that your body makes it. Vegan might work short term but you will suffer long term.
I have one income and four kids. It took me until 45 to save 100k. I am now saving almost half that much a year now. Its amazing how much easier it is to earn money at 46 than when I was 26.
Hi, fantastic job and a great message to everyone on the channel. Thanks for watching MT 😎
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
The last 15 years of low interest rates have supported the stock market great run. The next 15 years will not necessarily yield such great returns assuming rates stay up or even go up from here due to persistent inflationary pressures.
So you saved 100K along side paying a mortgage?
If the market only went up 7% every year this would work! Average returns of 7% are not the same for this equation.
This is true. I saved $100k by age 30. Kept investing about 20% of my salary. At 59 I have $2.3 mil networth despite losing half my assets in a divorce 9 years ago and making several classic investment mistakes.
Sorry for bumping…..but Are you interested on how to really achieve financial freedom I’m just saying because I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
Inspiring
@@angelicavsvdvSCAM!
@@esqu1re thanks for taking a moment to stop by before now at the beginning of my investment journey I know how I felt with my losses it isn't a good feeling and I don't wish that for anyone
Those divorces get men EVERY time. Something so rarely mentioned in these videos but with the way the court system is set up every man needs to consider. Smh
AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Her name is 'BONITA JEANETTE RODRIGUEZ’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@priyankamahatma6672 how much do fin. adv. cost?
But don't get greedy
At 18 I started my first online business saying products and services. I submerge myself around people who had what I wanted in life. In 2017 invested into my first business, a laundromat, resold it after 7 years and made a profit. At this point I have 2 businesses, a wife, 4 childern and a home. I spend 10 hours a week doing business with my family and the rest with my family and friends. I knew what I waited at a young age and took baby steps towards it. I wish you all success and health
Hi Mark, also the health issue is very very important.
Doing all these hours can mess up your life hygiene very bad (junk food, cigarretes, your sleep). Eating healthy, sleeping more than 7 hours/day and not having any bad habits are essential in this journey.
Also 15-30 minutes/day of normal physical exercises just to stay in shape are very good.
@@romanvssvmromanialossing weight is hard plus the genetics.
Not just compounding. Your income tends to rise with age. You get better at spending money, knowing what things are worth and what you really need.
I can't believe why nobody is talking about this book called Secret Pathway To Triumph. Millionaires book, Trust me.
you mean ethereal university?
Bitcoin is gearing up for a monumental leap to new all- time highs.
this is definitely superb! think you could suggest any professional/advisors i can get on the phone with??
Yes grahamconsults
On tele gram?
Yup as grahamconsults
Yes! Gained massively from him
This is a pretty good reality check as to why poor and working class people *usually* stay that way. It takes quite a bit of hard work, thrift, and discipline to go from $0 to $100,000. Hell, if you think the first $100k is hard, just managing to hang onto the first $10k can be infuriating. Life wants to keep you poor and in debt...that's unfortunately the norm, and many never reach that critical escape velocity where they're living a comfortable enough life and really stacking it away.
Not just the poor! You have no idea how many high earners live paycheck to paycheck because they are all about getting the bigger car, the more expensive clothes, watches, bigger house etc. They purchase liabilities, not assets. They're all about status symbols that boost dopamine for a couple days but generate zero income.
From outside, you see them on the street or on instagram with the nice car and suit etc. you think they live the best life, but really they are stressed af because car's on lease, house's on debt etc., and their high paycheck barely covers it, and they're stuck. But once they get this lifestyle they don't want to give it up, it's a self-fulfilling prophecy.
I'd rather live a simple life but invest and know I'll be financially independent in 15-20 years.
Capitalism baby!
Escape velocity is a good way to put it
. *It also requires a person to have an income that surpasses basic living expenses. As the gentleman in the video mentioned, it's harder "now" because of less income earned today per same job.*
@snoglydox bit he also pointed out that in some ways it's way easier now. 20 Yeats ago if I wanted a second income, there was no RUclips. There was no Uber or DoorDash. If you wanted a side hustle you needed to save up started capital and literally start your own side business, or you had to have a second (often full time) job that was willing to schedule around your main work. We also didn't have access to our investing accounts from our cell phone to make trades on the go, the list goes on. Sure inflation is a motherfucker, but we also have tools at our disposal prior generations could have only dreamed of.
I can attest to this. Years ago, when I surpassed $100k, my brain changed - it didn't take all that long to save $100k. But, going from $100>>$300k was so easy. Then, $300k >>> $1 million etc even faster.
Hi, great job my friend. MT 😎
Can I get an e transfer :)
Ya you lived in a diff time. Easy to save 100k
@@therealpg777 Lived in a different time? I'm early-40s. Think about how much in career earnings that is. Millions.
@@kylepickrem6310 Cute !
Quite frankly the most helpful explanation of compound interest and tax efficiency that’s practical to me a 46 year old male just getting divorced and starting again. THANK YOU SO MUCH!
Listen to Terrence Popp. It will help you get through the divorce frustrations.
You can do it!! Put in the work, and pray hard - things will be alright.
You got time bro... keep pushing
@@tjsoko15 🙏
Praying is not going to get you anywhere.
“Discipline is the currency of success”
Best advice of the entire video. A great quote to put on the wall
Discipline and having 833 each month to invest every month (10k÷12).
Putting well-earned money into the stock market can't be over emphasised for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $2M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me?
Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $175k to $450k despite inflation.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Julianne Iwersen-Niemann is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look her up.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
"discipline is the currency of success" i'll never forget that.
Subscribed.
I’m 42 and didn’t start saving for retirement until I was 30. I’ve now got a little over $200k in there and it’s growing fast. I’m a local truck driver and started putting 10% of my income in and automatically raised my contribution by 1% a year until it hit 17% where it’s been since.
Average income has probably been around $80k and it definitely varies. It’s never too late to start! It can build quick!
put it in bitcoin and double it
Never do that please
@manasaReddy-oy9ey Why not?
Same. Started from stratch at 33-34, seeing it crest above 200k finally gives hope one can turn it around. Saving about 30% combined with the match.
@@Save_the_Stick_Shiftsdamn , how are yall living and saving that much ? lol
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
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 ‘’Stacy Lynn Staples’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Hit 108k last week, lost 17k today 💔💔💔
Staying current with market updates and keeping up with news sources such as CNBC could help out
I just sold a property in Barcelona and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, l'm really just confused at this point.
Consider getting advice from someone who knows their way around, if you're not familiar with the market. Look for a seasoned pro. Their services have greatly contributed to the success of my investments for years.
Buy more and hold onto it for the long term.
Solana and Raydium seem good, and Dogecoin is worth considering too.
A lot of folks downplay the role of advisors 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.
Thanks!
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
Woah for real? I'm so excited. Charlotte Miller strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
She's always active on Whats~App...
+180
5369
Great mention of starting a business around your passion to save money on tax. As a skateboarder, I started a skate school and now all of my new decks, wheels, bearings ect are tax deductible!
Hi, that’s fantastic my friend, I wish you many years of great success. MT 😎
9:54 Discipline is the currency of success
i don't know about you , but i would rather use a crypto platform that offers mining machines returns
I have always heard about cryptocurrency investment and mining and how good there returns are, but I don't know which where to get started with.
You should do your research to get a better idea of which Bitcoin mining company you want to use. The one I am using has made over $300,000 in Bitcoin so far.
please can you tell me the name of the platform you're using so that i can dive into this?
I would prefer if you research how Bitcoin cloud mining works rather than asking for the name of the platform I use directly.
Fair enough, I do have an idea of how Bitcoin cloud mining works. But if using a platform has made you successful, why wouldn't I fully commit to using them as well?
When I got hired with a company that offered 401k with matching, I took full advantage of it by putting in 15% of my salary in. It was a hard thing to justify when I only made 50 to 60 k. But I’d say it was worth the sacrifice. 5 years in, my investment portfolio is now cresting 80k. It won’t be long before it breaks 100k!
_A lot of folks downplay the role of advisors 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 license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
I just signed up for 12% of my check and I make around 55k at that job. I work a second job just to make up for the money I’m not bringing home. Matching is free money so we can’t pass it up
@@richardhaney3688what second job?
You must be very lonely there is no way you can live with a family with less 15% of your salary
@@PepeCoinMania you sound poor. Go troll somewhere else.
This is EXACTLY RIGHT! I've been putting money away for the last three years trying to get to 100K. I'm not there yet but I'm getting close!
Just found this channel. Very good info! He is right!!!! I had over 100K in credit card debt. Took me 7 years to pay off. Then I when I paid it off took the same amount of $$ (monthly payments) and started investing. In 4 years I finally made it too a little over 100K! That's over a 200K swing! I did all the things he mentioned in the video. If I can do it with a family and living in an expensive area so can any of you. Good Luck!!!
Can I ask, what did you invest in? I've never invested in my life and find the whole prospect scary. I always believe I will lose out.
@@RuddsReels As the video mentions about 10 times, you should just invest it into an index fund like the S&P500 (or FTSE All-World), which consists of hundreds or thousands of companies. As studies show, it's extremely unlikely you will perform better than a (diversified) index fund.
@simobp6339 What income were you able to do this on?
Enjoy your videos, would love to have you on Masters of the Market... However, it really is true, after $100K, compounding works like a charm. Likewise with anything in life... Momentum begets momentum!
What if i am trying to save for a house? Should i still invest in index funds?
yes but do both. Say you can save £500 per month, invest upto maybe £200 and save the rest as you can withdraw it whenever you want knowing it will be stable
To be kinda blunt, I am giving up on investing in stocks... I put between 2000 to 3000 a month and it's nothing but down down.... Sooooo frustrating and I only invest in boring big companies. How can I capitalize in such a market?
Silence robot
It’s nice to hear this I’ve been maxing out my 401k, Roth IRA, HSA accounts for 3 years and it’s been hell. I see my friends going out constantly and I have to sit at home or work extra hours even though I can do the same. Hopefully I can see the snowball more clearly soon. The S&P500 finally doing good is definitely helping but how do you stay motivated for so long?
Careful about saving too much. Opportunity cost is real, you might be rich later bc of it but you're not meeting people or living your 20's out.
You can't get that time back, so try some moderation to make sure you don't have regrets
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY.
The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
I am writing a book on growing wealth and personal finance that comes out of 43 years of experience. You are doing exactly what you need to be doing and you will get the last laugh some day when the people wasting money today have much smaller net worths.
I would try to figure out how much you plan to need in retirement. And figure out what you need to do to maintain that pace. After that, I would consider investing in a brokerage account. It doesn’t have the same tax advantages of retirement accounts but you don’t have to wait until retirement to withdraw money. I think this is a big thing that a lot of people miss. They grind their whole life trying to get $10 million in an account that they’re not going to touch until they’re 65. Money is just a tool. God gave you a life to use it. All the money in the world at the end of your life won’t buy you another second of time that you could have used for quality time with your friends or family or helping someone in need etc.
It’s a marathon, not a sprint. Make sure it’s sustainable. I highly recommend budgeting some spending cash (and/or a certain weeknight every week or monthly, if time is your limiting factor) to be able to go out with your friends. that frees you up to go out and enjoy life, and yet limits your time and money spent (by having a strict budget). You save now so that you can enjoy life later, and that’s important. But your well-being and sanity is also important, so you gotta find the balance.
it's kinda crazy how nobody's talking about the forbidden ebook called Secret Pathway to Triumph
Hi Mark, I'm 21 and have worked since I was 16. I currently have about £22k saved, £2k invested into my vanguard ISA and a £3k emergency fund. My question is, do I need to save for a house deposit first via my bank (if so how much would you recommend) or shall I just focus on maxing out my ISA as much as I can? If I go the way I am, I'm confident by the time I'm 25-26 I will have £100k. It's just I won't have £100k in once place, it will be across my savings and ISA. I'm not sure what I should focus on first as I want to get on the property ladder before I'm at least 26. Any help would be awesome! Harry
Dave Ramsey has a lot of videos on this.
Hi, I would personally look at around 30 years old as your goal, no one needs £22k in a savings account when you can max out a stocks and shares ISA . The way you’re going you could very well have a million before you hit 30. Keep your options open and take a decade of sacrifice so you can then live a lifetime of freedom my friend. MT 😎
@@marktilbury wow you really opened my eyes here! This is now my new goal. Thanks Mark!
Im 20 and have like 100k cad saved. Thinking of buying a foreign a start a car rental business. Most of my friends do it already so we will share clients. Risky business but every business is risky, just gotta try it.
@@Netcode- VUSA & VHYL my friend. See you in the lounge 🚀
what a nice guy ive never seen someone explain somethig so relaxing and listenable i acually enjoy listening to him
There are many ways to approach this. One major thing is to redirect focus from the self gratification now, in order to save and grow to where later you can live your dreams
No, the real reason is that fixed costs eat a larger fraction of a smaller net worth and you end up "running like mad just to stand still" like the Red Queen. As your net worth grows, your legs grow longer (return rates act on a larger principal and yield a greater annuity) and your Red Queen can start actually getting somewhere.
It’s called inflation and it has been going faster and faster. So you need more to get out of the hamsterweel… Get out of the dollar and in to hard assets is how you do it
@@LaplantFilm You'd have to find a hard asset that (reliably) outperforms inflation in the long term. (Or, equivalently, if you can reliably identify a series of shorter-term assets that do this.)
Completely agree with the 3 first comments. The inflation is your real enemy. I also would add up that when you are younger you need to buy the basic things that you still don't have and make your life productive, like house, car, forniture, eletronics, clothes, food, bills and etc. Then you have a fixed debit that you need to overcome. And, to overcome it you need time to get better jobs positions and income. After some time you surpass the debit and start investing. To overcome it easier and in less time, you would need to get the investing knowledge before starting making fixed bills and have somehow a way to avoid other expenses. Better if your parents give you support to achieve it. But that's not the case for many people. So, each of us "starts the race" at different positions and speeds.
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
I enrolled in the 401k plan my 1st week with my current employer in Feb 2019. I’ve salted 16% of my salary in the Fidelity S&P 500 index and currently sitting at $110k.
Smart! The index fund has the best (smallest) fees and will probably perform as well as the other selections.
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.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocation of their portfolio to defensive assets for market downturns. financial advisory is vital for achieving this, This approach has helped me stay financially secure for five years, yielding nearly a million ROI
Credits goes to *Michael Hugh Terpin* , one of the finest portfolio managers in the field. he's widely recognized; you should take a look at his work.
Need his tg page right?
*@michaeltpin*
My expectation for 2024 is that markets starts to broaden out more, with the rates cut i have a couple of questions....can I safely invest $220k in the markets? What should I do differently?
My trip from 0 to 100K was about 12 years, filled with mistakes and trial and error along the way. My trip from 100K to 3.6M has been another 12 years. It's very true. It's a LONG PATIENT AND DISCIPLINED game. It's not sexy. It's not fun. It's not exciting. It's a marathon. But it's a marathon where you start picking up more and more speed as time goes by. I was too late to build an empire, but maybe it's not too late for you (I will retire in about 4 years and I expect to have enough to be comfortable but not "wealthy", part of my efforts on this are I have too may people who do NOT earn well that I have to support and take care of, but even they are starting to learn and listen to me and do better).
Great advice. One of the best financial advice videos I've seen and I became a self-made millionaire at age 27 from £0
How long did it take and how did you do it?
@@Sx-xy2zi It depends how you look at it. Positioning myself to look like a good credit risk on big mortgages took a few years, but in my first year I made around £1.4 million profit and I had built a decent property rental portfolio yield.
Amid widespread anticipation of a market downturn, there is a prevailing sense of pessimism perpetuated by the media. However, for astute investors, this atmosphere of apprehension presents a unique opportunity. By focusing on the fundamentals and strategic investment decisions rather than succumbing to prevailing sentiments, individuals can leverage the market's potential for long-term financial growth and security. It is imperative to maintain a discerning perspective and capitalize on the opportunities that arise during periods of uncertainty.
What prompted your decision to begin investing in stocks despite the prevailing market sentiment?
What advice would you offer to individuals navigating the current market environment?
I recognized the potential for long-term financial growth and security by making strategic investment decisions
Your insights have been truly enlightening, and your perspective deeply resonates with me. I am eager to further explore the strategies you outlined and would greatly appreciate the chance to connect with you. I am keen to discuss how to effectively seize market opportunities, and your expertise in this area would be incredibly valuable to me.
915
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday.
Varied sources of income is wise and especially living within your means. My net worth is over $1M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. During the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my portfolio has grown by 25% every quarter since Q3 2020.
Who is this person guiding you and how can i reach he/she?
She goes by ‘’Marisa Michelle Litwinsky’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
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 ‘’Marisa Michelle Litwinsky ” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Also invest in your health. I was actually putting too much in my 401k which cheapening out on food and medical needs. I wish I had taken care of 3-4 issues in my 20s.
Love the advise and well presented but fear too late for me as im near retirement age.
Wish i realised alot of these things when i was 18 or so.
Hi mark I have been trying to max out my stocks and shares isa and have done for the past two years so I’m now looking at a portfolio of 58k at 20 years old hoping to hit that 100k mark within the next two years keep up the good work inspiring people
Hi, WOW !!!! 🤩 that is amazing my friend, building the foundations to your empire. Great job keep on track . MT 😎
As my net worth increases, the less I want to spend…it’s directly proportional!
The most important thing in investing: the time in the market, not timing the market
The S&P 500 average yearly return of 7% is an average based on the last 90 years. Some people believe that means a 7% return every year which is not the case. It's meant to be a long term investment, as in the longer you let your money grow, the more likely you are to get that 7% average. If you expect those numbers with a 1-5 year investment during a bear market, you may be dissapointed.
True but the average return is increasing in the more recent decades. 90 years ago they didn't have cheap debt the way they do now to inflate assets.
lucky for those in 2010-2020
@@macbr9 so is the frequency of financial market crises and so too are the drawdowns.
Didn't the USD also lose like 98% of its value over that 90 years?...😅
@@EroticOnion23 against what? That's the key part.
What I think was missed in this video is the importance of living and enjoying as you build your financial empire. Trust me on this, folks. As the late Jim Rohn once put it, "you can get more money but unfortunately you can't get more time. Time is more valuable than money." Mark those words.
_A lot of folks downplay the role of advisors 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 license advisors and came across someone of due diligence she helped a lot to grow my reserve notwithstanding inflation, from $275k to approx $850k
I was mentally ill for the last 10 years or so and lived off government support. I never really got ahead but I understood investing. I dont quite have 100K yet but I am debt free and with a nice amount invested. And I am healthier so I can start increasing my income. I am used to spend basically nothing and everything I earn goes towards my future. Its not a lot, 200 dollars a month or so saved, but it compounds.
Some people may think the most important part of this comment is about the money.. In reality it is that you are heathier! Im so happy for you brother. If that health isnt on point there is legit no reason to have all that money saved to enjoy later down the line. Wish you the best in the future and good health!
Keep fighting the good fight.
Pill popper aye
Bless brother.
Glad to hear you mental health is better, way more valuable than money. SAving whatever amount is a great habit to have built. Hope both journeys continue to be positive for you.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
@@Victoria3eeI'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
@@MandyMoore-ie7jwDo you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@Clara-o3vThanks to ALICE LEE CHEN FINANCIALS
She's a licensed pro here in the states
Fantastic video. Quick question. Are the ROI adjusted for inflation. I.E is that £1mil with todays value or in say 30 years? I.E if the market peforms say 7%, isnt it the net gain that should be calculated adjusted for inflation?
QUESTION: What if you have a 401k with a total value of 100k...but the balance is divided amoung 2 different funds within the 401k. Each fund"s balance is less than 100k? Do you still get the accelerated growth of the 100k benchmark, or no, since they're individually less??
Congratulations on 2 million subscribers and always producing great content. You’re one of the reasons I decided to start my own channel. Thank you sir!
Hi, That is awesome! Good luck with your channel I hope it goes from strength to strength. MT 😎
@@marktilbury thank you!
I love his voice. Reminds me of 'the wrong trousers' guy voice.
My 1st 100k took almost 17yrs.
2nd took almost 4yrs.
Going into 3rd right now after almost 3 yrs. But now Im more focused on Roth and Im maxing from here out!
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY.
The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
@@lionrock2023 you said run out of years
My dear they are 365 days in a year if you ask me alot can be done when you have a certified FA
I agree. Took me something like 20 years to accumulate that first $100,000, starting from $0. Was much easier after that because I accumulated investing knowledge along with that $100,000 during those 20 years.
20 years? Holy crap youre doing something wrong if it took you that long. It took me 3 years from 0. But I'm a maniake
20years to 100k lol. Might as well spend the money cause you’re not good at accumulating wealth
@@kokaltiIm from Venezuela. How can i make 100k?
Condiments@@eshankhot
Congrats. Dont listen to the haters here. Developing your mindset along the way is the most important part
You look and sound like a trustworthy person. That makes me pay closer attention to what you say. Keep doing what you’re doing and you’ll keep being successful. Thanks.
Figured this out 3 years ago with zero savings. Passed 100k last month and bought a house last year. It is truly a mental game, and the will to grind out the hours.
Mark this is my first time waching your content and you sold me at minute 1:22! You genuinely made me smile and helped me realize youre here for a good reason!
The compounding interest is more a factor the larger your balance. Eventually the compounding is more than you can contribute in a year. In the beginning you have very little tangible compounding. in 2016 my 401k balance was 250k, and I was at 600k by 2020, and almost 800k in 2023. I suspect I'll get to 1M in the next 2 or 3 years.
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY.
The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 120k you could try less
Think of all the people who began with 100k from daddy and called themselves a completely self made man at 1mil, honestly believing that they did 90% of the work.😝
Good for them, the important thing is that they learn to manage money, save, and invest.
What dividend calculator did you use in you're video? Great video btw. Especially for young people, well explained and spoken.
I would like to know too. It had a nice clean design.
Once you earn 100k you have achieved good disciplined mindset. After that it's not only compound interest but also compounding of knowledge shows magic.
Target 8 4 3 rule.
I may have more than $200k in inheritance but I'll never sell my property. Rather I'm starting from zero. I'm 18 now I think I'm a little bit late but hope for the best
I already made a 100K, but here's the caveat: the first 30K went to paying off study loans, the next 30K to a home deposit, now close to 40K for the first time. Slowly but surely I'll get there. Thanks for the reminder :)
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Only works for so long, until you realize the system is rigged.
You need to account for inflation. 1m in 33 years is the equivelant of ~440k today.
That's such a correct statement. Although buying power is far less than 30-50years ago the internet opened so many possibilities to get richer than your grand parents who could buy a house for 100k (average house in my country is 600-700k)
makes me depressed. I was worth 200K in 2022 and lost it all from leveraging too much with margin in Tesla. sucks so bad.
Well I suggest you seek a financial guidance someone who can help you carry out your trades perfectly to avoid loss because the losses in this game could make one cry and depressed for a long time
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY.
The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income i was able to make over $750k with just an investment of 170k you could try less
@@Patri850or just not be dumb and gamble. Pretty easy to just DCA into an S&P 500 Roth IRA BTW. You're getting scammed with a financial planner. Hate to be the bear of bad news
@@Patri850always cracks me up when people mention financial planner as if I made the gamble not knowing the risk. I knew the risk I was taking lol
@@djcardwellaiWe all make mistakes. At least it sounds like you learned from it. Never be so overleveraged on a single company, because you feel like it's invincible/greed. A single company is very unlikely to outperform a consistent index like VOO. Putting all your eggs in one basket like that is like going to the casino and thinking you have an unstoppable plan by putting all your money in existence on black 32 at a roulette table.
You may have gotten extremely lucky a time or two, but anyone with sense would realize it's a silly long term strategy and would walk away ASAP and invest in something way more reasonable and designed for YOU to win and not the house.
Nah I’ll pass working that hard. I enjoy time with my family and my mental health is in the shitter working too much. So many older folks I talked to always say they regret working so much.
Or you can think of it as being happier with less, keep the work the same. My two older kids have the happiest memories of the first place we lived and we were POOR. Very cold house in winter, electric got shut off a few times etc. When we were struggling. Gas got shut off once in the summer and we cooked on a fire in the back yard etc. which for some reason brought our family closer. I'm not saying you need to do all that, but what I am saying is you can have much less and still be very happy. This would allow you to save.
Working Full Time is A bust and takes your time away from better things like Family or Personal Stuff.. Still Investing can be done rather than Spend it all. Part Time work if you must do work is the max you should do.
In my country any interest made is taxed as income so you lose over a third of it to that. Also need to take out the inflation rate. So you're 7% gross interest rate is really like 2% to 3%. Good luck getting rich like that.
4:50 Yes you'll be a 'millionaire' but that million dollars won't be worth anywhere near what it currently is worth. 5% - 10% is ok but it's hardly countering the effects of inflation and cost of living rises.
But don’t forget that you will hit bumps along the way. I’m currently stuck around 300k for around 1,5 years now but even so I’m not feeling it, I know I will make progress again.
This is the most honest in depth and easiest to understand financial video I've ever watched. Well, the best content about finance I've ever come across even counting the books I read.
Like your explanation and hands on approach to talk about how small start doesn't work with compound income (be it saving interests, investments, or hard assets/machine leverage) is great! And it tackled the very thing any financial contents hide from the audiences because they don't want people to give up on investments.
I know this because I did lots of math on compound interests even when I bought my first apartment room (yes, not renting) and also "bet" on forex, that small money doesn't worth my time, I'm better off working on what I love.
For forex, I used to bet on digital binaries, imagine making 16 head bending decisions a day just to triple my $100, and lose it all in 15 seconds, yes, that's how much it doesn't worth.
Discipline and good behaviors r priority