My First $100,000: How Long it Took to Save

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  • Опубликовано: 7 сен 2024
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    Steve Antonioni is not a financial advisor and nothing in this video should be construed as investment advice.

Комментарии • 467

  • @leosotelo5119
    @leosotelo5119 3 года назад +70

    Always been a broke guy, two years ago I just started saving and saving. Right now I’m close to reaching 30k that’s a big milestone for me. Better late then never.

  • @kaitlyncranwick
    @kaitlyncranwick 8 месяцев назад +266

    The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

    • @maggysterling33254
      @maggysterling33254 8 месяцев назад +3

      Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

    • @maryHenokNft
      @maryHenokNft 8 месяцев назад +3

      I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over $745k working with an investment coach for more than two years.

    • @BiancaSherly-qt6sb
      @BiancaSherly-qt6sb 8 месяцев назад +3

      @@maryHenokNft Do you mind sharing info on the adviser who assisted you?

    • @maryHenokNft
      @maryHenokNft 8 месяцев назад +2

      *Camille Alicia Garcia* maintains an online presence. just make a simple search for her name online.

    • @StellaMaris-lv2uq
      @StellaMaris-lv2uq 8 месяцев назад

      oh! i never take this advises online seriously, but i checked Camille up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response

  • @ThreeTwentyTech
    @ThreeTwentyTech 3 года назад +568

    People think that saving money is just budgeting... But it's so much more than that. It's self control, discipline, figuring what is a need and what is a want, and most importantly, it's about independence and growth.

    • @steveantonioni
      @steveantonioni  3 года назад +26

      Couldn't agree more!

    • @griso107
      @griso107 3 года назад +3

      Cool comment..very true 👊

    • @ThreeTwentyTech
      @ThreeTwentyTech 3 года назад +3

      @@steveantonioni I've built an entire lifestyle on saving money and it has helped me in so many ways. How do you save your money?

    • @ThreeTwentyTech
      @ThreeTwentyTech 3 года назад +3

      @@griso107 Man that's a really intelligent mindset to have! People like you inspire me to stay on track and spend wisely. I wish you all the best, brother! 🙏🏻

    • @griso107
      @griso107 3 года назад +1

      @@ThreeTwentyTech thankyou man..big respect 👊

  • @BigBen_Fitness
    @BigBen_Fitness 3 года назад +410

    5 things to quit right now:
    1. Overthinking
    2. Trying to make everyone happy
    3. Living in the past
    4. Worrying
    5. Doubting yourself

    • @easton7131
      @easton7131 3 года назад +1

      haha i do all of those. any tips?

    • @charlieodonnell4510
      @charlieodonnell4510 3 года назад

      I needed this! Thanks man

    • @larrylightfoot8738
      @larrylightfoot8738 3 года назад

      You have no idea how much I needed to hear this today, thanks man

    • @JulioReguero
      @JulioReguero 2 года назад +1

      6. Working on a corporate job that doesn’t appreciate your value and underpay you.

    • @MADBADBRAD
      @MADBADBRAD 2 года назад

      I do all these things.

  • @Chris-kq3ix
    @Chris-kq3ix 3 года назад +114

    I'm 33 and I started my journey to financial freedom two years ago. I'm closing in on my first $50k, and have been building a bit of momentum as of late. You've inspired me sir. I have a dream of being a home owner one day, and seeing your determination and accomplishments encourages me that it's possible. I will achieve my dream towards home ownership and financial freedom. If you're reading this, never give up. We can do this!

    • @OFFTHEDOMEApparel
      @OFFTHEDOMEApparel 2 года назад +2

      Sheesh congrats man! Where are you now 6 months later ?

    • @Chris-kq3ix
      @Chris-kq3ix 2 года назад +6

      @@OFFTHEDOMEApparel It's been a grind! Hit a few speed bumps, but still plugging away! $59k and counting!!!

    • @OFFTHEDOMEApparel
      @OFFTHEDOMEApparel 2 года назад +1

      @@Chris-kq3ix do you wish you started getting serious about your finances sooner ? And why didn't you start sooner ? What held you back ?

    • @Chris-kq3ix
      @Chris-kq3ix 2 года назад +8

      @@OFFTHEDOMEApparel absolutely I wish I got serious about it sooner. I made a lot of poor decisions. Addiction, homelessness, incarceration. Turned my life around 5 years ago, and I’m never looking back! Glory to God! 🙌

    • @OFFTHEDOMEApparel
      @OFFTHEDOMEApparel 2 года назад +1

      @@Chris-kq3ix Bad things can happen, and often do, but they only take up a few pages of your story; and anyone can survive a few pages.

  • @soolly357
    @soolly357 2 года назад +20

    Getting the first 10k was a challenge for me. Then 20k then 50k now 100k. Your are right it's not a finish line. Just keep doing good things. And have a good core.

  • @damondominique
    @damondominique 3 года назад +290

    these transitions are worth $100,000 👏🏼👏🏼👏🏼

    • @KT-rh7hq
      @KT-rh7hq 3 года назад +1

      This is an eye opening video. Thank you so much for sharing your experience. May I ask how much money you were actually able to save each month to reach your 100k mark in four years time? Thank you!

    • @isaacdiaz5661
      @isaacdiaz5661 3 года назад

      @@KT-rh7hq $2100 per month

  • @EricFloberg
    @EricFloberg 3 года назад +268

    Man. This is an absolute masterpiece.

  • @giovanapc1
    @giovanapc1 3 года назад +125

    The first $100k is such an important milestone, it truly is, so huge congrats to you, Steve! Now we're just crossing the 500k mark which is also major and let me tell you, it's getting more and more exciting as we see the goal getting closer. Good luck to us all! FI will be here before we know it.

  • @jensentung
    @jensentung 3 года назад +172

    This man gets money AND living life.

  • @loud9090
    @loud9090 Год назад +191

    Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

    • @carolynrose1816
      @carolynrose1816 Год назад +2

      Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

    • @user-3456rtu
      @user-3456rtu Год назад +1

      @@carolynrose1816 I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.

    • @322dawgg
      @322dawgg Год назад +1

      @@user-3456rtu I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

    • @user-3456rtu
      @user-3456rtu Год назад +4

      @@322dawgg My advsor is NICOLE DESIREE SIMON, you can easily look her up, she has years of financiaI market experience.

    • @322dawgg
      @322dawgg Год назад

      @@user-3456rtu Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

  • @highestpotential718
    @highestpotential718 3 года назад +47

    23 years old, nearing my first 70k, exactly the perspective i need to encounter rn. puts into words many insights i've had throughout my journey. thank you, congratulations, god bless, and onward

    • @jamiecollins-realestate5041
      @jamiecollins-realestate5041 3 года назад

      Congrats to you… keep it uo

    • @erichouse7720
      @erichouse7720 3 года назад

      How are you making so much money?

    • @BlackDub21
      @BlackDub21 3 года назад +3

      13 year old here with 50k almost there penny by penny

    • @highestpotential718
      @highestpotential718 3 года назад +8

      @@erichouse7720 working for the post office and living cheaply, investing all that's left after covering my monthly expenses

    • @highestpotential718
      @highestpotential718 3 года назад +2

      @@BlackDub21 freaking beast mode bro, i have so much respect for that. be sure to enjoy life all that you can, financial freedom is very worthwhile but so is a moment-to-moment fulfilling experience

  • @henrikraymond5235
    @henrikraymond5235 2 года назад +63

    Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.

    • @binagital5665
      @binagital5665 2 года назад +2

      His trade execution quality and profiting is well structured with great financial features.

    • @lindalily6924
      @lindalily6924 2 года назад +3

      Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.

    • @jasonthomas269
      @jasonthomas269 2 года назад +1

      Good good content.

    • @abscottcoleman400
      @abscottcoleman400 2 года назад +2

      Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.

    • @katlinmicheal8121
      @katlinmicheal8121 2 года назад +5

      I've seen so many review about this man called Romero pieto who is he ?

  • @godwin_njoroge
    @godwin_njoroge 3 года назад +31

    😂 That intro skit killed me. So accurate. We get so caught up in our next milestones that we forget to celebrate our wins

  • @MalluStyleMultiMedia
    @MalluStyleMultiMedia 3 года назад +25

    After working at gas stations for few years, I bought my first property at the age of 19. I planned out everything. I thought I was going to be a millionaire soon. The following year (in 2007), the real estate got crashed and crushed me. 😂🤯 my property value went from 140k to 40k. While most of the people went through foreclosures, I managed to keep it by renting out my other room and then when it got so bad, I ended up renting out my living room too. $hit happens but the show must go on. In 2013 I bought another small property. Then in 2016, I bought another property. I only have a 2 year college degree. One of my goals were to take a mini retirement vacation. So I took two years off completely from work. Now I’m back to work. Am I rich? Hell no. Lol … but I enjoyed my life journey.

  • @SHERONinator
    @SHERONinator 3 года назад +52

    Beautiful cinematography! This resonates deep with me as I'm trying to hit the 100k milestone by my 25th bday this year

    • @themtbshredder5828
      @themtbshredder5828 3 года назад +1

      Any updates?

    • @jamiecollins-realestate5041
      @jamiecollins-realestate5041 3 года назад +1

      Good luck! It’s no easy feat

    • @SHERONinator
      @SHERONinator 3 года назад +3

      @@themtbshredder5828 Good news, I've just hit the 100k mark🙏🏼 All praise to the stock market God's, couldn't have done it without them!

    • @xxDrewJamesxx
      @xxDrewJamesxx 3 года назад +1

      Awesome man!! I am 30 closing in on my 100k saving goal hopefully by the end of the year, many blessing to you!

    • @SHERONinator
      @SHERONinator 3 года назад +2

      @@xxDrewJamesxx thanks, I'm rooting for you. Hopefully you can reach it ahead of time!

  • @vivianbrown7264
    @vivianbrown7264 3 года назад +126

    Investing in the stock market is the most common way for beginners to gain investment experience.

    • @ameliagarcia3485
      @ameliagarcia3485 3 года назад

      Unlike consuming, investing earmarks money for the future, hoping that it will grow over time.

    • @stephenwalters2605
      @stephenwalters2605 3 года назад +1

      The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.

    • @emilydavis8321
      @emilydavis8321 3 года назад

      To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.

    • @ellajackson34
      @ellajackson34 3 года назад

      Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.
      Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

    • @georgeharold3317
      @georgeharold3317 3 года назад

      I have been trading with TAMARA DIANE HAGAN and her strategy works perfectly for me as a beginner.

  • @drewseller1511
    @drewseller1511 2 года назад +3

    very proud to say at 25 just reached my 100k goal 😭🙏🙏

  • @erikswartout4194
    @erikswartout4194 3 года назад +43

    “Money is the motivation so it doesn’t have to be.” I felt that

  • @bhavananagarajan311
    @bhavananagarajan311 3 года назад +16

    Your videos are just so...... peaceful! I love that nature plays such a big role in your videos. Also your content is perfect!
    Glad to say here before a million subscribers!!

    • @steveantonioni
      @steveantonioni  3 года назад +1

      I've always loved capturing nature when I would make videos as a hobby, why stop now? :)

    • @bhavananagarajan311
      @bhavananagarajan311 3 года назад

      @@steveantonioni 😀😀❤️

  • @soniadickson2919
    @soniadickson2919 2 года назад +20

    *Starting early😇 is the best way of getting ahead to build wealth, investing remains a priority. The Crypto market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works*

    • @josehamer5216
      @josehamer5216 2 года назад

      You are right, to be a successful person in life requires a lot of hard work,time and energy

    • @gweno4020
      @gweno4020 2 года назад

      Many of us don't know where to invest our money so we invest it on wrong place and to the wrong people

    • @jeremyschmidt2917
      @jeremyschmidt2917 2 года назад

      Talking about been successful. I would forever be grateful to Mrs Stacy, i have made huge profits on my investment since i started trading with her , she is top notch

    • @soniadickson2919
      @soniadickson2919 2 года назад

      shocking to see another who trade with Mrs brown,i am presently on my 5th cycle with her and my collection of investments has increased enormously

    • @soniadickson2919
      @soniadickson2919 2 года назад

      @Janny Liv *she can be liaised ,on Telegam,with the username @INVESTWITHSTACY1*

  • @zc7800
    @zc7800 2 года назад +2

    At Feb 2009, wife and I had US$ -138K due to student loans and car loans. Today we have 2.5M invested, with homes and cars already paid for. Once we determine what kind of life style we pursue, it just matter of time. As family of 4, we set a budget of $40K per year, all the extra money we earned just become tools that we invest to make life easier for future.

  • @WreckTheReckless
    @WreckTheReckless 3 года назад +7

    Totally agree with money being a motivation now, so it doesn’t have to be later. I am obsessed with saving and maximizing my corporate income now, so in my late thirties I can just volunteer on a sheep farm and live a simple, hard-working life and never have to think about money again.
    Just got a raise today, plugged it into my F.I.R.E. calculator and realized “Wow, I just negotiated 2 years of my life back.”

  • @MadRezStudios
    @MadRezStudios 3 года назад +8

    Money is the motivation so that it doesn't have to be. Beautifully said. I always say I am obsessed with this now so I never have to think of it again.

  • @souperbeefy.
    @souperbeefy. 3 года назад +5

    I’m so glad I found this channel! Steve is so articulate and thinks outside the box, his vids really get me thinking
    I might have a hard time saving 100k considering I only work about 14 hrs a week. I might have to bite the bullet and increase my hours so I can save up

  • @AzureViking
    @AzureViking 3 года назад +4

    Can't agree more. I want to make money so I don't have to worry about making money so I can do what I want regardless of financial benefit. I don't want the need to make money corrupt what I want to do or how I want to do it.

  • @klaustkessel
    @klaustkessel 3 года назад +9

    "Money is a representation of frozen time." Then you buy stuff with that money. Then you're house is full of stuff you don't want. 😄

  • @HigaTVz
    @HigaTVz 3 года назад +3

    "Money is the motivation so it doesn't have to be" - that hit different, well said

  • @makedollarswork
    @makedollarswork 3 года назад +1

    Seriously. I don't even know what to be in awe of most: your honesty, the wisdom, the video editing?! Great work! 👍

  • @Rareridh
    @Rareridh 3 года назад +11

    Congrats on the milestone! A good reminder that you don't need to hit a milestone to go after doing the work you enjoy. Re: money and happiness, I agree. Money is just a catalyst.

    • @steveantonioni
      @steveantonioni  3 года назад

      Thanks man! Yeah, catalyst is a great way to put it

  • @Forbiddenknowhow
    @Forbiddenknowhow 3 года назад +2

    When you save 100bands and become a philosopher 😂

  • @Brian-3000
    @Brian-3000 3 года назад +2

    Money is just the transfer of “value.” I don’t fully associate money with time because you’ll never get said time back that you exchanged for money. However, you can exchange that money for experiences, food, clothes, and to help others (happiness/fulfillment.) So money can unlock freedom and doors to your point, but money really is just a form to capture value (and in terms of a job it’s the salary that quantifies your skills & experiences) so saving that value and growing it long term makes sense but you can’t discount the fact that you’re foregoing current / short term experiences in the process. Which is invaluable and really dependent on your financial / personal goals in life.

    • @madman3891
      @madman3891 3 года назад

      "I don’t fully associate money with time because you’ll never get said time back that you exchanged for money." Well its a far more efficient use of your time then attempting to produce everything yourself. " you can’t discount the fact that you’re foregoing current / short term experiences in the process" That's obvious but I don't see why that's important, in a sense you trade time for time which is necessary for average living comfort. Unless you plan on living as a monk with no connection to civilization.

  • @sarahadekola
    @sarahadekola 2 года назад +2

    Absolutely love this and can’t wait to share how I save my first 100000€ in Europe!

  • @howtoadultschool
    @howtoadultschool 3 года назад +5

    This intro was hilarious and so true! I thought getting to 100k would be magical, but all of a sudden that goal post shifted when I got there. Great video 👌

  • @shauryanarang
    @shauryanarang 3 года назад +16

    Holy shit this production quality is insane

  • @wildlifelouie
    @wildlifelouie 3 года назад +4

    Your cinematography is insane! Full on Netflix vibes!!!

  • @aramatkinson
    @aramatkinson 3 года назад +1

    I really enjoy your calm vibe and how you look at money. Couldn't agree more about monetary value = time value. I'm on the early days of my own journey and hearing you say 4 years rather than 4 weeks gives me quite a lot of comfort and confidence in seeing this through over the long haul. Because as you say, it's really not that long in the grand scheme of things! Big respect for being so savy so early on in life!

  • @danielortiz9736
    @danielortiz9736 3 года назад +6

    Agree!! this just happened to me. I was so fixated on saving and investing that I was losing track of all of these other things in my day to day. + is was really having a toll on my mental health and making me even more emotional which is a no no when investing.

  • @Fantistisch
    @Fantistisch 3 года назад +4

    "Money is the motivation so that it doesn't have to be". Yes. That's exactly me.

  • @bradonvega4965
    @bradonvega4965 3 года назад +3

    3months I'll be @ 100k 💪

  • @myfinancialclimb3121
    @myfinancialclimb3121 3 года назад +3

    I'm not sure how to say I've saved, because all of mine aren't completely liquid. So it's hard to know if that's technically "saved" or just "invested". If we don't care about differentiating, then I'd say it took me slightly over 2 years to go from 8k to 100k. Debt was the only thing slowing me down, but I was able to pay that down and imvest/save at the same time.
    I'm REALLY hungry and motivated and believe/hope that I can be at my first million in 7 years from now.

    • @stephgonzalesc
      @stephgonzalesc 3 года назад

      Wow, how did you do it so fast?!

    • @myfinancialclimb3121
      @myfinancialclimb3121 3 года назад +1

      @@stephgonzalesc Well, there are several contributing factors. The biggest one is probably savings rate though. My salary during the time, on average, has been around 59k, which is right around the average US income. However, my spending has only been around 23k a year. Very lean. So, I've saved very aggressively, as much as I can.
      I've contributed to my job's Roth 401k and just started maxing it out 8 months ago. They give me 5% when I put in 10%. That helps. I opened a Roth IRA towards the end of last year, maxed it out and have already maxed it out for this year. Crypto has played a small roll as well, but it's not like I had added a ton or took some crazy risk on some new coin. I only put in 5,500 total into a mix of ETH and XLM. I've made a 250% return on that so far. And lastly, I've busted my butt with my side hustle. I've been doing it for a little over 2 years now, but I STILL haven't paid myself yet. All money is being invested back into it, so my growrh can be aggressive. Next month I calculated I should probably be able to start paying myself 2,500 a month through it, which will start to put me over that 100k edge in just over that 2 year mark from when I started saving aggressively.
      This was rather long, but I hope this answer satisfied you. I'm personally trying to document my growth here on RUclips, to show people how I'm doing it, along the way. I'm not very good with my scheduling (😅), but I wanted to get a start last year, because I feel like it will be more interesting to show me when I first started out. It wouldn't be as interesting, I feel, if in 6-8 years or so, I start documenting, but I'm already at that 1 million mark, with no real context or body behind it.

  • @anojansmart
    @anojansmart 3 года назад +3

    Wow, you can buy a lot of McDoubles with $100k! Now all we gotta figure out is how to store them so that we can hold McDoubles long term against inflation xD

  • @Tomoon_
    @Tomoon_ 3 года назад +2

    Each video is better than the last! We are lucky to have you on RUclips.

  • @TheSilentWealth
    @TheSilentWealth Год назад

    To answer your question - it does resonate with me. It's good to know someone like you exist in youtube.

  • @qmakesithappen
    @qmakesithappen 3 года назад +7

    Your storytelling is excellent my man, as someone who is on the road to F.I.R.E myself I felt every bit of this video and message!

    • @MalluStyleMultiMedia
      @MalluStyleMultiMedia 3 года назад +2

      👍👍👍 good luck 🍀

    • @qmakesithappen
      @qmakesithappen 3 года назад

      @@MalluStyleMultiMedia thanks!! My plan changes so much it's crazy. Life happens and we all have to adjust.

    • @MalluStyleMultiMedia
      @MalluStyleMultiMedia 3 года назад +1

      @@qmakesithappen whatever happens the show must go on

  • @karearizcarvajal300
    @karearizcarvajal300 3 года назад +2

    My name is Karen and when you said it i got super surprised lmao. Side note, i do not in fact drink Starbucks

  • @StrikeFirstFinance
    @StrikeFirstFinance 3 года назад +4

    :27 was too perfect! Everything feels the same. It’s only when you’re able to increase your monthly income when you can experience that crossing the tape feeling over and over again!

  • @shirleneunglesbee1423
    @shirleneunglesbee1423 Год назад +7

    These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, invsting is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of moneyy in the bear market, while others are making hundreds of thousands in profiit. I just don't know how they do it. I have about $109k now to put in the market.

    • @gagnepaingilly
      @gagnepaingilly Год назад +2

      Understanding personal finances and inveesting will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and inveest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financiial advisr.

    • @baileymclean8186
      @baileymclean8186 Год назад +1

      @@gagnepaingilly Yeah, financiial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.

    • @svengrot7943
      @svengrot7943 Год назад +1

      @@baileymclean8186 Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

    • @baileymclean8186
      @baileymclean8186 Год назад +5

      @@svengrot7943 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "JILL MARIE CARROLL" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.

    • @svengrot7943
      @svengrot7943 Год назад +1

      @@baileymclean8186 I just checked her out and I have sent her an email. I hope she gets back to me soon.

  • @ivanontech1999
    @ivanontech1999 2 года назад

    The best way to find that balance between saving and living is by investing, This way you get to have your savings intact and then live comfortably off the revenue coming in from your investment.

    • @amiraomar1927
      @amiraomar1927 2 года назад

      This is more like putting your savings in an investment company rather then the bank, hmm really ideal i think because you'd earn a better revenue than the annual interest value you could get while saving in the bank. WOW! this is really an eye opener, could you recommend an IA please? I would really appreciate that. Thanks so much for this.

    • @ivanontech1999
      @ivanontech1999 2 года назад

      @@amiraomar1927 Few years before i got to decipher the market myself i worked with an IA Gloria Blanche Laurano. She traded my $90k portfolio into $270k and i learnt a lot of things i know from her.

    • @MuhammadAhmad-kt4st
      @MuhammadAhmad-kt4st 2 года назад

      @@ivanontech1999 How can I get across to her? Been on the lookout for something like this.

    • @ivanontech1999
      @ivanontech1999 2 года назад

      @@MuhammadAhmad-kt4st Telegram.. Was Introduced to her by a friend of mine.

    • @mateuszkarlson4219
      @mateuszkarlson4219 2 года назад

      @@ivanontech1999 From experience I can say nothing beats working with a professional.

  • @francissaliba5108
    @francissaliba5108 3 года назад +1

    “Money is the motivation so it doesn’t have to be”
    Sheesh that’s good 🔥

  • @skibblybub
    @skibblybub 3 года назад +1

    I was expecting spreadsheets and numbers. To see this as more of the psychological side of saving the first 100k is very interesting and inspiring. Thanks for the great content.

  • @ASXInvestor
    @ASXInvestor 3 года назад +2

    Your ability to tell a narrative filled with so many insights is masterful 👏

  • @LisetteZ3
    @LisetteZ3 3 года назад +3

    Wow, lightbulb moment. I always look at the number when we would be financial independent and it’s so daunting. I’m going to break it up so it’s more manageable. 10k in investment accounts, here we come!

  • @julian8912
    @julian8912 3 года назад +11

    I wonder how much ETH helped you pass that milestone haha. Congrats man 😀

  • @LucasPelizaro
    @LucasPelizaro 3 года назад +6

    This is so good, I've started my financial journey and videos like this really helps me keep myself on track

  • @phil9777
    @phil9777 3 года назад +3

    This channel is underappreciated.

  • @DavidEVogel
    @DavidEVogel 2 года назад

    Accumulating the first $100k took me 15 years. The second $100k an additional 8 years. Each additional $100k takes less time. Compounded growth is a winner!

  • @mannyluis7961
    @mannyluis7961 3 года назад +4

    Been working since I was 13 years old. Mom drilled into my head how important it is to save my money. Now I’m 28 and I have 2 rental properties and a house my wife and son live in. Hoping that within 3-5 years I can reach financial independence and finally quit my job. Definitely a long journey but don’t get discouraged, it’s not a race what counts is crossing the finish line.

    • @brydakam1168
      @brydakam1168 3 года назад

      What’s ur job

    • @mannyluis7961
      @mannyluis7961 3 года назад +3

      @@brydakam1168 been a manager/GM at different restaurants since I was 19 years old

  • @DeeJayPuffy
    @DeeJayPuffy 3 года назад +11

    Such a great video! I sent this to my siblings. Great advice and I love that final quote. Thank you!!!

  • @runewordgames
    @runewordgames 3 года назад +1

    You know the thing that makes it difficult for me to save is that I wait 2+ weeks to get paid from my job, then when I finally do, I have all of these bills to pay at once. Then with my extra money I feel more tempted to spend money on things because I waited so long to get paid and the idea of doing nothing but sitting in my home just to wait two more weeks to get paid to then pay my bills then sit at home and do nothing.. and have that repeat forever doesn’t sound as appealing. If anyone has suggestions I’m really open for it because I do truly want to be better at spending/saving money

    • @NomadJRG
      @NomadJRG 3 года назад +2

      Try getting paid once a month, that's the norm in the UK. Best advice I have is find things that occupy your time that either make you more money (sidehustles or learning to get you a promotion at work) or don't cost you much money. For example I work 5 days a week and then in the evenings I spend most of my time in my home gym then cook and maybe play a video game and the day is done. Repeat x5 and then you can do more what you want at the weekend but keep on top of spending. Depends what you like to do, I enjoy walking, exercise and visiting friends and family (all pretty inexpensive).

  • @CarlosMiguelCostaSoares
    @CarlosMiguelCostaSoares 3 года назад +1

    That´s why I follow you! Passive income and a slow path that you are going thru. Thanks for your words and videos.

  • @Ferocious923
    @Ferocious923 3 года назад +28

    Hi. Ever since the covid break out I’ve been forced to find additional sources of income as I barely have time to continue trading and watching my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.

    • @alexpavarde8698
      @alexpavarde8698 3 года назад

      Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job as a chef swallows up most of my time. I work with a fiduciary, Leviclemans. I could leave you a means to get across to him if you need help.

    • @Ferocious923
      @Ferocious923 3 года назад

      @@alexpavarde8698 Oh please I’d love that. Thanks!

    • @Brucelee89896
      @Brucelee89896 3 года назад +5

      @@Ferocious923 no please, all these people are scammers not helpers

    • @alexpavarde8698
      @alexpavarde8698 3 года назад

      @@Ferocious923 I’ll leave you his mail so you can get across to him.
      Leviclemans@gmalcom

    • @Ferocious923
      @Ferocious923 3 года назад

      @@alexpavarde8698 Thanks dear. Already had a conversation with him and he indeed proved to be well-versed, and licensed too! Thanks again.

  • @imCurveee
    @imCurveee 2 года назад

    For anyone struggling to save money, force yourself to do it. Set up automatic deposits to a savings account. Take what your current paycheck is, subtract a significant (but reasonable) amount, like say $200-500, and force yourself to live off your "new" paycheck. It's amazing how you'll learn to adapt, and it will force you to sit down and really prioritize what expenses are really worth it and which ones aren't.

  • @breffnyoreilly817
    @breffnyoreilly817 3 года назад +1

    Feel like I am watching a documentary the quality is so good. I love how you take your time when you speak, makes me relax into the video so much more.

  • @azxle
    @azxle 3 года назад +15

    just wanted to say thank you for all the free education! i just opened up a tfsa with wealthsimple inspired by you! your editing is superior, so keep up the good work!

    • @steveantonioni
      @steveantonioni  3 года назад +1

      Congrats! Thank you for the kind words

  • @henry3397
    @henry3397 3 года назад +1

    It’s about 10x’ing every time. I’ve hit $10,000, now I want to 10x to $100K club. After that… a millionaire. Everything inbetween is just a step

  • @Ixamxthexcykox
    @Ixamxthexcykox 3 года назад +1

    Congratulations. I am 24 right now and I’m sitting at right over 40k I can’t wait to hit the 100k mark! Unfortunately I am returning to school so my journey will be quite slow till I am about 27! 125k by 30 though let’s get it!

  • @shakerboi6992
    @shakerboi6992 2 года назад

    I like this guy. Its refreshing to hear a young person speak about finances with a healthy long-term perspective. Spot on.

  • @RK831
    @RK831 9 месяцев назад

    My first $100,000 was easy. I did that in only 3 years. The first million was way harder, which took me 24 years.

  • @gabrieltheberge4918
    @gabrieltheberge4918 3 года назад

    I don't know how you haven't reach 100k yet this channel is so gold!!

  • @J0A0PEDR01993
    @J0A0PEDR01993 2 года назад

    good for u, in portugal, iam saving 60-75% every year. after 6years, less then 40k saved.. U are very lucky born in good country

  • @Kin-my5fb
    @Kin-my5fb 3 года назад +3

    Glad I encountered this video. Started off the year strong with saving $. A few unexpected expenses recently set me back, then I began to splurge a bit. I’ve got to get back on point!

  • @Zaerki
    @Zaerki 3 года назад +3

    Thanks Steve. Lately, the market pullback on growth has really been bringing me down, and this was the exact message I needed.

  • @StephenBell_video
    @StephenBell_video 3 года назад +2

    Sagely advice- here’s to unlocking all of our next achievement levels 👍

    • @user-lt6eu6su3v
      @user-lt6eu6su3v 3 года назад

      C....O.....N....T....A....C....T
      M...E.....
      O...N...
      .....W....A....T.....S....A...P....F.....+1=8=7=0=2=0=2=4=3=0=6-..

  • @mikebertsch8747
    @mikebertsch8747 3 года назад +2

    Great job dude! Hopefully I will be at 100k in the near future.

  • @lathan7360
    @lathan7360 3 года назад +1

    At 10k need 90k to go, thx bro for the inspiration from your journey

  • @patrikjericha
    @patrikjericha Год назад

    I have been trying hard for the past 2 years to have my 100k invested and saved... it is hard, mentally challenging, and i sometimes feel desperate about it. That I wont be able to reach the goal anytime soon. All I'm hoping for is that those are just feelings...

  • @drew.reads.
    @drew.reads. 3 года назад +1

    This channel is going to blow up quick! Absolutely amazing content

  • @FrugalBC
    @FrugalBC 2 года назад +1

    Great video. To contrast, I was pretty thrilled to hit six figures - but the feeling was fleeting. After hitting the first $100k I relaxed a bit and am enjoying life (though I am naturally frugal). Interesting to find this video because now I’m at the nexus of quitting to focus on growing my side hustles into full businesses. Was there a tipping point for you in terms of income or did you just dive in?

  • @lauraantonioni3842
    @lauraantonioni3842 3 года назад +1

    Your message totally resonates. Even with those of us getting close to retirement. It reinforces that money is the what that enables the why.

  • @andco2575
    @andco2575 2 года назад

    22 yo, $250K cash, road to $1M soon. Startup creator & maybe soon real estate investor.

  • @youngfinance6319
    @youngfinance6319 3 года назад +1

    I'm 16 and close to the 100k mark.

  • @GriffinMilks
    @GriffinMilks 3 года назад +2

    Great video Steve. Love the production quality as always!

  • @MegaOfficeHours
    @MegaOfficeHours 3 года назад +1

    Your quote about true happiness at the end of your video will resonate with me forever.

  • @leejay5202
    @leejay5202 3 года назад +3

    This dude sounds hella stoned

  • @birdofpassage9875
    @birdofpassage9875 3 года назад +2

    I look at each milestone as another race against the hedonic treadmill. I am sure that as I look beyond FI I will continue to set certain goals. I get inspired by cases of FI in videos like this. Quite honestly knowing that I can afford to support myself without a job offers all the peace of mind and motivation to pursue it. Perhaps after, it will become the excuse of why I should upgrade my living standards, knowing that what has been and continues to be invested can grow and build over time to support it.

  • @drewcotton14
    @drewcotton14 2 года назад

    The ending gives me chills each time I listen to it

  • @cat-np1kv
    @cat-np1kv 2 года назад

    You're my new favorite youttube creator, I align so much with your attitude towards wealth and money. Coming from a family with very negative relationships with money, I needed to re educate myself and you're helping with that!!! Also the filmmaking quality of your videos is top notch

  • @jackson615
    @jackson615 3 года назад +1

    This was very insightful and the way you discuss this topic definitely shows how humble & honest you are. Also, I find your voice extremely soothing. You should make an audiobook! lol - great stuffs!

  • @t.555
    @t.555 3 года назад +1

    People working hard to saving paper money, while the government is just printing it. Sad!

  • @prolaxbro4474
    @prolaxbro4474 3 года назад +1

    Great video. I have the same goal as u did! I just started tracking my purchases. I spend sooo much but I have 14k saved so I think I got this.

  • @iftak01
    @iftak01 2 года назад +1

    I had 100k way before I knew it as my saving went to my parents and they made good tax free savings and such lol

  • @s.-8406
    @s.-8406 2 года назад

    I'm 26...I'm halfway there. Aiming for 100k at 28 (january 2024). Going to be a crazy ride but I think it's not impossible.

  • @Cwho9ss
    @Cwho9ss 2 года назад +1

    Will be over the $50k mark this Friday!!

  • @chrisniner8772
    @chrisniner8772 2 года назад +1

    I hit 100k by age 27 and 1M by 48. Sadly, 1M don't buy what I did 2 years ago!

  • @az5129
    @az5129 2 года назад

    when i got out of school, i never understood how to save up for financial freedom. I never thought about it, and I was broke trying to figure out life out of school. 10 years passed, and I unknowingly saved up $100k. Half of which is currently in a savings account (probably could use some rethinking as the yield is low), and other half is for 3 things. They are emergency situations, paying daily/month needs, and most recently(~1 month ago) my dividend brokerage account. I still feel broke even with my first milestone of financial freedom.

  • @HZLTV
    @HZLTV 2 года назад

    I really liked that analogy of "banking time"... makes a lot of sense

  • @1Bam712
    @1Bam712 3 года назад +2

    Great video man! Glad to see someone at a similar age to myself with similar goals and financial ideologies

  • @THU350
    @THU350 3 года назад +1

    i forgot to ask, when you save 100000, does that include mostly retirement like 401k or is it liquid like stocks?

  • @dustieyontararak
    @dustieyontararak 3 года назад +2

    Somehow you are able to articulate and show the thoughts going through my mind at the most opportune moments. Also these documentary style vids are so awesome 😁 Keep it up, Steve!