The S&P average annualized return since its inception in 1928 through 2023 is 9.90%. The average return since adopting 500 stocks in 1957 through 2023 is 10.26%. Brian is correct. The problem for most people is that they never use the keys they have been given. You must start investing. The door will never open if you don’t insert the key. Key = money.
Isn’t that the truth. I had probably around 170k at the age of 26 from playing poker and I was clueless about investing because my dad or any other family member really did it. I’m 45 now and pound into my son(who’s 16) and any younger people I meet at the gym or wherever.
If your teen holds Brian in high regard he has a chance! Let Brian be his mentor, he will lead him in the right direction. Trying to get my kids on this too. They're grown and making good money now but not on the investment train yet.
I had around 30k net Worth in 2012 at age 28 when i bought my first home in LA. Than got a second home in 2017 and rent my first one. Now today at 40 years old with a family of 7 i have around 1.1M net worth. And making under 100k in the past 10 years. Hope i am on track to having over 5M by the time i retire. 🙏
nice bro! where did you buy in 2012 with 30K lol Curious bought my first property 2022 at age 26 in South LA, 500K Duplex that needed work. keep going bro! keep inspiring.
I saw this happen with my wife's 403b..First 18 years of contributing, we got to $95,000...all her $ was in fixed funds...in March 2020 market collapse, I got her $ into stock funds...She is now back into TIP fund with $220,000..We have been fortunate to be able to put in at least $10,000 every year for the the past 4 years. Her employer has been matching 6% for the last 23 years
@@2alawabidingcitzen facts, I used to watch Graham years ago but it's the same clickbait BS with overdone thumbnails and repetitive talking points.. Brian where its at
Finances are exponential. Live above your means, borrow, and your debt can spiral exponentially. Live below your means, invest, and your net worth can grow exponentially.
Yes but it depends on the whims of the market. In 2022, investing would have actually caused you to lose money. Higher interest rates have subdued the market. I’m hoping things will change soon. I am heavily invested in tech and my returns have been meh the past two years
True, I started out with minimum wage @ $1.25 hour, now have $2.5 million. Took from 1972 to 1996 to build my first $100k, got knocked back down to zero many times but eventually made it, in Dec 1989 with my last $13 dollars I bought a 1889 silver dollar and decided that was my good luck coin and made it from zero to $100k in 1996, from 1996 to 2010 it grew to $1 million, retired with $1.55 million in July 2012, grew to $2.5 million during retirement in August 2024, still have that silver dollar in my pocket. 10% seems high, my average gain over last 12 years has been 5.3% but that includes withdrawals for living expenses.
JM - But what does Brian get for lending you $100K for a 4 year period? That would be a very bad investment of HIS money. High risk and ZERO return. Go get two jobs and WORK HARD for your money.
Because they very deliberately don’t WANT you to learn this in school. If everyone knew this it would be bad news for the rich people exploiting us all.
I’ve always been an advocate of investing too because it has paid off handsomely since I decided to dabble in it. I've seen my net worth grow exponentially the past 2 years.
Jonas Herman’s analysis isn’t just about short-term gains; it’s a solid long-term strategy. I have had great relief working with him as my previous experiences with others were dreadful.
It's not guaranteed every year, it's the S&P 500 average return over the last 100+ years. Some years lose 5% while others make 20%. It all averages out. The only way to make that return is by investing. You can't drop it off at your bank and expect that type of interest.
The information you present on your YT channel is informative, useful, and honest. There is a lot to learn from you; many are watching and paying attention to every word you say. Thank you for the work that you do.
Just hold through bear markets. Don’t panic sell during the dip. Also if you’re near retirement age take some money out of the market so you don’t feel pressured to sell.
Just put it in an Index fund and forget about it. Market return varies year-to-year but the historical rate of return has been about 10 percent on average for the last 30 years.
Meh. U were born in the right time . We’re entering an era of massive credit contraction , after the greatest run of credit expansion of all time . This whole video is moot
It‘s the same principle when doing vom 1k to 10k, or going from 10k to 100k. So the 100k is simply the point where your money will make enough money to be literally life changing. But you can also use these principles to grow small amounts of money, so don’t feel discouraged!
Very true. Witnessed it 1st hand in my 401k & Roth IRA accounts. The moment my investment passed $100k, it has been a steady 20% growth year after year. By time I reach 59.5 for withdrawal, I'll have over $200k annual dividends tax free to spend from my Roth alone, on top of the capital gain in the millions.
I’ve had 100k since 2017 and the reality is that your money doesn’t double every year. The biggest contributor to my money growth is still my income source and savings.
The one cent doubling scenario was only used to show compounding. Find something that gives you min of 4% not those silly savings accounts that gives you pennies of return.
Wish I could shout this part at around 7:24 into everyone's ear. I know plenty of friends and family who become total cheapskates to increase their savings, but the part that helps the most, in my experience, is learning how to: -- Training up - If you work at McDonald's, become the manager, a literal 19-year-old can do it, why aren't you? Don't be and don't surround yourself with the type of people that say: "I don't want the responsibilities" while also complaining that their bosses have it so easy. They're confused about which one it is in the first place, don't let the blind lead you. - Negotiate salaries - Spot dead-end jobs and LEAVE for a better job before you waste time trying to get raises there - Constantly apply to new jobs, even when you have a job, if not especially when you have a job, to ensure that you're always moving toward the best salaries at better companies. Every interview is practice, so it doesn't matter if you don't get the job, it matters that you're learning.
@@YeshuaKingMessiah brother that is the shortsighted thinking I'm talking about. You're tripping over a 4 dollar difference that you'll only have to put up with for about 4-5 months before you hop somewhere else?
At age 70, I'm finding I need that $500 Month dividend from 130k just to stay even these days. It's all liquid in a HISA. Yes, I'm the exception as I got it though a judgement last year. I need those funds liquid as the time will come when a new vehicle is in order, a new roof on the house or just spending in down living life while I can. Having an extra 100k is different when you reach my age versus someone 30 or 40. Just my take on things.
Brian, First, Outstanding graphics. Easy to read and paced well. I appreciate these free classes and hope to pay you back by retiring comfortably. Please continue these types of videos from time to time. They are very informative and easy to understand.
Best timing for this post lately i’ve been feeling impatient and down. Your video helped me put my head back to perspective! Thank you so much for sharing your knowledge and advices!
I just started investing 2 years ago, I'm currently at $12k. I'm pretty pleased with my hard work. I do dollar cost averaging, a set amount every month. I also have a Roth IRA $4k, so it's split in both accounts. I wanted one account for the next 10 years and the other one for 59 years old.
FYI you should max your Roth out first before any brokerage investing. It’s tax free on earnings and you can withdraw your contributions with no penalty. It’s a win-win.
This simple investment strategy should be taught in school. Who care about the subject of history and literature!! They should add personal finance as a required subject.
If you have good credit PMI is legit not even a big deal at all. On a $600,000 loan my PMI on a 30-year amortization is only $118/month. Don't let PMI and Dave Ramsey scare you away from getting into a house!!!
Yes, the first home I bought, I had PMI. I could only save 10%, there was no realistic way of me getting 20%. I did try to get rid of that PMI as fast as I could though.
Never did PMI. First home $185k in mid 90’s. 20% $37k. Sounds small but was done on around 30k salary at the time. Sold 7 years later at $350k. Had enough profit to put 20% down and buy $500k. Home now worth $1.5 million. So my initial $37k turned into $1.5 million.
As always thanks for sharing Brian. from 54800.34 in debt 14 years ago to worth mid 7 figures not bad for a bastard child with only a GED, but with hell of a work ethic and some damn good mentors like YOU BRIAN. Of course my bride allowing me to do the extreme things I did to get us here, thanks Sweetpea!
This advice is nothing new. The real advice people need to hear is, "Unless you are willing to suffer to get to $100k, you are almost guaranteed to stay broke if you live like you are rich now."
My net worth is $800k accross various investment accounts. I earn about $5k/month passively. I don't spend it. Just reinvest. It's true. And it works. I am swimming in money and I could stop working soon if I wanted to. (But I make $300k/year so I wouldn't stop working yet. It's a haul!)
If you can reliably compound at 10% (real return) after tax and inflation, you’re doing better than most professional investors. Easier said than done…
I wish you all the sucess Brian!! You've given us so much insight without BS and get straight to the point!! I been watching you since covid 2019 and dropped all the other finance youtubers because its repetitive while you give us up to date information!!
Yes sir! I lost all my wealth in a divorce 14yrs ago. I even dipped into my IRA. I was paycheck to paycheck for a long time. I slowly invested (dca) in the stock market in 2015 and also learned about digital assets in 2020. I can breathe again... I'm not rich, but will be well off by time I'm 60. It doesn't happen overnight, start now. Don't spend money on foolish things. Enjoy what you have.
I’m using my equity to move out of state and buy a house cash. Got over $100k in investments and an emergency fund. Zero debt! You have to hustle and sacrifice.
And stay away from high fee bank offers to invest in a fund. Just take one of the big ETF's with low costs at a broker with low or zero costs who offers a savings plan.
I hit 100k in May and I’m now at 180k I need guidance on where to put my money it’s just liquid at the moment any guidance on where and how to start? 37 year old
good job, you're probably already reached Coast-fire. I'm at 520k at 45 years old and should be on track to retire early. That day cannot come soon enough. Work sux.
I started listening to Brian in 2020, now I am sitting on my 3rd house and looking to buy 4th. His formula works, it's up to you if you are willing to penny pitch for a few years. 😅 like he said, it sucks, but it works!
Steady work, being frugal and pressing on by saving and investing. This is not magic. Sacrifice the Starbucks, the tattoos, the eating out often and being frivolous with money. Also, do not be cheap, the universe will help if you help others.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
I hit 100k in May and I’m now at 180k I need guidance on where to put my money it’s just liquid at the moment any guidance on where and how to start? 37 year old
I've been loading 60k into the market for each of the past 2.5 years. If luck holds... i will be at 300k in December. Then i hope to load 50k annually for another 3 years. If im lucky enough for that to happen... I'll be at over 500k before age 50 ☀️☀️
I appreciate how straight to the point you are and that you don’t promote so many ads on your videos! Thank you for your seriousness!
you didn't see two ads?
I seen one ☝️ and I’m glad only one at the end.
I think you're the man! Selling nothing and providing invaluable advise. Truly for the people.
Brian is correct, I know and am living it. The "magic of compounding." Everyone wants to get rich fast but getting rich slowly does work.
100%!
Really...🤔
Let us in on where you're getting 10% on your money. 💰🤔
Safely, not high risk
I'll move my money there tomorrow.
The S&P average annualized return since its inception in 1928 through 2023 is 9.90%. The average return since adopting 500 stocks in 1957 through 2023 is 10.26%. Brian is correct. The problem for most people is that they never use the keys they have been given. You must start investing. The door will never open if you don’t insert the key. Key = money.
@@robertd..17investing where?
How do we compound?
I apologize for my ignorance
Net worth 15k
Brian is the older cousin or uncle that I needed when I was growing up.
Isn’t that the truth. I had probably around 170k at the age of 26 from playing poker and I was clueless about investing because my dad or any other family member really did it. I’m 45 now and pound into my son(who’s 16) and any younger people I meet at the gym or wherever.
"Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
-Albert Einstein
If you get married your wife will neither understand this or care and she will bankrupt you.
😂 don’t worry the IRS is going to whisper give me all your money. Cause you will own nothing and be happy. 🤫🤫🤫🤫🤫🤫🤫🤫🤫🤫
Not like we heard this one before 😅
@shanedavison7473 😂😂😂 I'm a wife, and I'm the investor in my household. But, statistically, you're likely right 🤣
@@DaisyJamesCo Sorry, there are always exceptions. I have just not encountered any so far.
I hit my first 100k last year at age 31. I’m so happy!!!!!
Hit it last year at 30, on the road to 200K. Nice to see that with 100K, you're already 50% until 200K.
Nice. I want to buy MSTR when the market crashes in a few weeks
@@traivon3760 congrats brother :)
Nice job !👍
Nice job man!
Shared with my teen, he doesn't listen to me, he holds you in regard, so hopefully he'll listen to you
If your teen holds Brian in high regard he has a chance! Let Brian be his mentor, he will lead him in the right direction. Trying to get my kids on this too. They're grown and making good money now but not on the investment train yet.
Robert keyosoki is good also
Sigh, just let teens be teens.
Funny I did the same thing with my 15 year old son.
@@desperanto. How's that working for Baltimore? Detroit? LA? SF? Hahaha... 'Cause 14-year-old girls are so insightful? Hahaha...
I had around 30k net Worth in 2012 at age 28 when i bought my first home in LA. Than got a second home in 2017 and rent my first one. Now today at 40 years old with a family of 7 i have around 1.1M net worth. And making under 100k in the past 10 years. Hope i am on track to having over 5M by the time i retire. 🙏
leave Kali and you can retire without worry
over 2 mil net worth from real estate.
nice bro! where did you buy in 2012 with 30K lol Curious bought my first property 2022 at age 26 in South LA, 500K Duplex that needed work.
keep going bro! keep inspiring.
Great! But, target to 10m at least. By the time you retire your 5m will like 1m in today’s money.
Which bank pays that kind of interest? Let me know please
I saw this happen with my wife's 403b..First 18 years of contributing, we got to $95,000...all her $ was in fixed funds...in March 2020 market collapse, I got her $ into stock funds...She is now back into TIP fund with $220,000..We have been fortunate to be able to put in at least $10,000 every year for the the past 4 years. Her employer has been matching 6% for the last 23 years
Had I known when I were young. But I shared with my two daughters ages 22 and 18. They're gonna be good because of you! Thank you
The continued shots at Graham Stephen LOLL
hahaha I was just about to comment the same thing. 😂 😂
Brian straight up destroying him, too. Brian is easily the best finance channel on YT, straight to the chase.
I love it I stopped watching bro cuz of B cuz I started seeing what he was talking about with him. He don't provide no value nothing like B
We love it.
@@2alawabidingcitzen facts, I used to watch Graham years ago but it's the same clickbait BS with overdone thumbnails and repetitive talking points.. Brian where its at
Finances are exponential. Live above your means, borrow, and your debt can spiral exponentially. Live below your means, invest, and your net worth can grow exponentially.
Yes but it depends on the whims of the market.
In 2022, investing would have actually caused you to lose money.
Higher interest rates have subdued the market. I’m hoping things will change soon. I am heavily invested in tech and my returns have been meh the past two years
True, I started out with minimum wage @ $1.25 hour, now have $2.5 million. Took from 1972 to 1996 to build my first $100k, got knocked back down to zero many times but eventually made it, in Dec 1989 with my last $13 dollars I bought a 1889 silver dollar and decided that was my good luck coin and made it from zero to $100k in 1996, from 1996 to 2010 it grew to $1 million, retired with $1.55 million in July 2012, grew to $2.5 million during retirement in August 2024, still have that silver dollar in my pocket. 10% seems high, my average gain over last 12 years has been 5.3% but that includes withdrawals for living expenses.
😂😂
Yer it’s good to be lucky
miken, love your story. congrats!
"Just pull yourself up from the bootstraps buckos. It's so easy, I did it 30 years ago."
Brian, you are one of the rare few giving out fantastic and high value facts about growing wealth. Thank you.
I'm at $49k at 24, excited for $100k
Great result at 24 already. You're well on your way. Keep going.
Nice work bro i am at 10k$ at 20. My goal was 100k$ this year but did not reach it. Good luck with ur journey ❤
@@tycondero1647 thank you!
@@failedsociety0 thank you! You're doing even better than me!! Keep it up man!
You’re ahead of the game
Brian let me borrow $100K, I’ll pay it back in 4 years😂
You didn't get the point. It is NOT 100K alone will get you to 1M, it is consistently saving up 10K each year with investing to get you the 1M.
@@datbio7302 Exactly. Thank you for making that point.
JM - But what does Brian get for lending you $100K for a 4 year period?
That would be a very bad investment of HIS money. High risk and ZERO return.
Go get two jobs and WORK HARD for your money.
😂😂😂😂
@@datbio7302 I sure it was just a joke😂
Why wasn't I taught this in Jr. high school?? GEESH! Your a very smart man Brian, I wish you were my teacher in Jr. High... Blessings
Because it's a pawnzy scheme that works only if there's an inflation. Aka assets growing up by 10% for many many years mostly because of inflation.
When I was in Jr High... Apple was trading at $0.25
So... I blew my future wealth on Pac Man and Super Mario
This has been around forever. Einstein said compounding is one of the most powerful forces in the universe.
He's too smart to apparently to have taught at your school. "You're". :)
Because they very deliberately don’t WANT you to learn this in school. If everyone knew this it would be bad news for the rich people exploiting us all.
I’ve always been an advocate of investing too because it has paid off handsomely since I decided to dabble in it. I've seen my net worth grow exponentially the past 2 years.
Hi not everyone is as fortunate as you with trading. Can you share how you are able to do it?
Jonas Herman’s analysis isn’t just about short-term gains; it’s a solid long-term strategy. I have had great relief working with him as my previous experiences with others were dreadful.
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with investing. It’s all just gambling.
I just delved into investing but it seems too complex for me. I'm barely making any progress. Can he help me?
Hermanw jonas that’s his gmail okay
You and Holy Schmidt... no nonsense financial advice without sensationalism
Agreed!
You forgot to say how to get 10% return every year guaranteed please
It's not guaranteed every year, it's the S&P 500 average return over the last 100+ years. Some years lose 5% while others make 20%. It all averages out. The only way to make that return is by investing. You can't drop it off at your bank and expect that type of interest.
Returns vary by yr, but S&P Index funds are up 35% this year. - Check it out with discount brokerage’s like Vanguard, Fidelity or Schwab.
🖖😎
You noticed as well.
The information you present on your YT channel is informative, useful, and honest. There is a lot to learn from you; many are watching and paying attention to every word you say. Thank you for the work that you do.
Down to earth simplicity! Love it.
The problem is consistently making 10 percent on your savings, the loss of value of your savings and the inability to save 10k every year
He’s ridiculous
@Slov_ easy to say hard to do, the higher the return, higher the chances of loss
@@dimitrovbmw my 100k portfolio says otherwise...
Just hold through bear markets. Don’t panic sell during the dip. Also if you’re near retirement age take some money out of the market so you don’t feel pressured to sell.
Just put it in an Index fund and forget about it. Market return varies year-to-year but the historical rate of return has been about 10 percent on average for the last 30 years.
What Brain said is the truth. I'm at year 13 on my journey and I see that explosive growth.
This is so true. It feels like yesterday I broke $100k, now I'm at $1.6.
Stocks?
Meh. U were born in the right time . We’re entering an era of massive credit contraction , after the greatest run of credit expansion of all time . This whole video is moot
Congrats bro
@@jordancarlin9687 This one gets it
A man full of wisdom and a no non-sense attitude. Have a great weekend, Brian, and thank you for sharing all your knowledge.
It‘s the same principle when doing vom 1k to 10k, or going from 10k to 100k. So the 100k is simply the point where your money will make enough money to be literally life changing. But you can also use these principles to grow small amounts of money, so don’t feel discouraged!
Very true. Witnessed it 1st hand in my 401k & Roth IRA accounts. The moment my investment passed $100k, it has been a steady 20% growth year after year. By time I reach 59.5 for withdrawal, I'll have over $200k annual dividends tax free to spend from my Roth alone, on top of the capital gain in the millions.
@@gyrate98no its possible if you leverage your funds like fngu
20% average annual growth?? That’s fantastic!
I’ve had 100k since 2017 and the reality is that your money doesn’t double every year. The biggest contributor to my money growth is still my income source and savings.
Why would it double 😂. No one has those type or returns every year
Are you well invested in funds that track the S&P 500?
Generally 7 years to double in spy
You may not be invested properly. We have had massive bull runs since 2017 and your $100k should be way more now.
The one cent doubling scenario was only used to show compounding. Find something that gives you min of 4% not those silly savings accounts that gives you pennies of return.
I appreciate that you acknowledge economic difficulties and realities, but you also keep it positive and hopeful.
Im 71 I doubt ill live that long at this point, but at least i have 100k
You’re fucked man
You got like 10 years left , enjoy it bb
@@austensmith6857damn alright we got god over here 🤦🏽♂️
He could live much longer than that if he lives healthy. Just don’t eat like an American. No seed oils. Little sugar. Low carbs.
33 years old. 300K in my 401K. I'm hoping to retire at 50.
that is impressive
How are you going to access those retirement funds without severe penalty at age 50?
@@soundsnags2001 My retirement contract at work is 3% at 50.
@@x2dab184Don’t forget about Uncle Sam.
@@soundsnags2001 Put some money in taxable over the next 20 years to bridge to 59 1/2?
Wish I could shout this part at around 7:24 into everyone's ear.
I know plenty of friends and family who become total cheapskates to increase their savings, but the part that helps the most, in my experience, is learning how to:
-- Training up - If you work at McDonald's, become the manager, a literal 19-year-old can do it, why aren't you? Don't be and don't surround yourself with the type of people that say: "I don't want the responsibilities" while also complaining that their bosses have it so easy. They're confused about which one it is in the first place, don't let the blind lead you.
- Negotiate salaries
- Spot dead-end jobs and LEAVE for a better job before you waste time trying to get raises there
- Constantly apply to new jobs, even when you have a job, if not especially when you have a job, to ensure that you're always moving toward the best salaries at better companies. Every interview is practice, so it doesn't matter if you don't get the job, it matters that you're learning.
No responsibility worth $5 an hr more for $1 an hr more
Nope
@@YeshuaKingMessiah brother that is the shortsighted thinking I'm talking about.
You're tripping over a 4 dollar difference that you'll only have to put up with for about 4-5 months before you hop somewhere else?
@@AubryRugBurn where u hopping,
Burger King instead?
Maybe DG
All those crappy places don’t get u a leg up to real $ jobs
This , this is why I subscribe to this man here, trust worthy and humble and the best accountant
...."the one that Graham Stephen promoted" I'm rolling on the floor 🤣
At age 70, I'm finding I need that $500 Month dividend from 130k just to stay even these days. It's all liquid in a HISA. Yes, I'm the exception as I got it though a judgement last year. I need those funds liquid as the time will come when a new vehicle is in order, a new roof on the house or just spending in down living life while I can. Having an extra 100k is different when you reach my age versus someone 30 or 40. Just my take on things.
Brian,
First, Outstanding graphics. Easy to read and paced well. I appreciate these free classes and hope to pay you back by retiring comfortably. Please continue these types of videos from time to time. They are very informative and easy to understand.
I drive an $1800 car and I got 63K in my IRA. Plan on retiring in 24 years. Let's keep the hooptie going!
How old are you?
I hope its toyota or honda lmfao
nice, sp500 or nasdaq index funds, slow and steady wins the race, youll def hit 2 to 3 million by retirement
Don’t retire
Don't rush into retirement. People degrade very quickly when they retire.
This guy is the only financial guy on YT I subscribe to
Same
Best timing for this post
lately i’ve been feeling impatient and down. Your video helped me put my head back to perspective!
Thank you so much for sharing your knowledge and advices!
I just started investing 2 years ago, I'm currently at $12k. I'm pretty pleased with my hard work. I do dollar cost averaging, a set amount every month. I also have a Roth IRA $4k, so it's split in both accounts. I wanted one account for the next 10 years and the other one for 59 years old.
FYI you should max your Roth out first before any brokerage investing. It’s tax free on earnings and you can withdraw your contributions with no penalty. It’s a win-win.
Congrats on the $12K David! That's awesome. You will gain more and more momentum. Keep adding and keep going. The Roth IRA is a good pick to do it in.
@@Mactakun Cool, I'll do that! I wonder if it's worth transferring my Robinhood money to my Roth IRA?
👍 great job! Keep going and don't stop.
@@DavidDavisDH
ROTH IRA is capped at $5,000 or $6,000 per year.
So keep that in mind ❤❤
This simple investment strategy should be taught in school. Who care about the subject of history and literature!! They should add personal finance as a required subject.
That shade thrown at Stephen Graham lol
The same concept applies to my wife’s weight- since she hit 150lbs she’s been growing and growing since 2005.
I have been watching too many financial advice videos on RUclips but nothing so direct, clear and straightforward like yours. Thank you for sharing
If you have good credit PMI is legit not even a big deal at all. On a $600,000 loan my PMI on a 30-year amortization is only $118/month. Don't let PMI and Dave Ramsey scare you away from getting into a house!!!
Yes, the first home I bought, I had PMI. I could only save 10%, there was no realistic way of me getting 20%. I did try to get rid of that PMI as fast as I could though.
Agree. My loan was about $540k and PMI is $78/mo
@@mandypdx yeah I don’t understand when people like Ramsey are like “PMI is $75-$100 per hundred thousand”. Like no dawg, no it’s not.
Never did PMI. First home $185k in mid 90’s. 20% $37k. Sounds small but was done on around 30k salary at the time.
Sold 7 years later at $350k. Had enough profit to put 20% down and buy $500k. Home now worth $1.5 million.
So my initial $37k turned into $1.5 million.
@@clearvaluetax9382so when can I drop or get pmi removed if the house going up in value
As always thanks for sharing Brian. from 54800.34 in debt 14 years ago to worth mid 7 figures not bad for a bastard child with only a GED, but with hell of a work ethic and some damn good mentors like YOU BRIAN. Of course my bride allowing me to do the extreme things I did to get us here, thanks Sweetpea!
You have 5 million?
How do you get 10% rate of return?
Invest in gold, it’s gonna grow in 7-10% rate in long term
You might be the most honest person on the web sir, thank you for the knowledge
This channel is binge worthy, no ads and the best money advice with zero fluff added
Happy Friday Brian!
Happy Friday Midnight Toker! I wish you a great weekend!
This advice is nothing new. The real advice people need to hear is, "Unless you are willing to suffer to get to $100k, you are almost guaranteed to stay broke if you live like you are rich now."
your advice is literally nothing new as well 😂
@@alonsoledesma9609 And yet it is the least given advice.
@@alonsoledesma9609none of their advice takes into account all the other factors required to end up with 100k IMO…
@@alonsoledesma9609he’s probably broke and angry at the world
This is the most honest and real video I've ever seen on RUclips. Thanks for this! I will start spending less from today
Brian is God sent. I love his honesty and transparency 🙏
Thank you! I've been on RUclips all day and this is the best, no nonsense video. 10/10 video for real
My net worth is $800k accross various investment accounts. I earn about $5k/month passively. I don't spend it. Just reinvest. It's true. And it works. I am swimming in money and I could stop working soon if I wanted to. (But I make $300k/year so I wouldn't stop working yet. It's a haul!)
Isn't it ironic that when you have it, you don't need it, but when you don't have it, you do 😂😂😂
I hit 100k at 28, super blessed!
If you can reliably compound at 10% (real return) after tax and inflation, you’re doing better than most professional investors. Easier said than done…
I wish you all the sucess Brian!! You've given us so much insight without BS and get straight to the point!! I been watching you since covid 2019 and dropped all the other finance youtubers because its repetitive while you give us up to date information!!
Much appreciated! Advice like this never gets old!
Brian is the Man when it comes to Money News and Money Making! Thank you Sir!
1:36 Try that in February
This is fucking true, the sheer confidence as well pushes you
Brian Kim tells it like it is... no entertainment, no fluff, straight up factual insights looking out for the common citizens' benefit. HERO!
Thank you for calling out disreputable effeminate scammers
$1M is the new $100K
Very true.
it gets insanely fast once you hit the milly mark... doubled in like 4 years but this is with zero debt... what Dave Ramsey preaches
Having debt or not, saving 15% of your earning.
Yes sir! I lost all my wealth in a divorce 14yrs ago. I even dipped into my IRA. I was paycheck to paycheck for a long time. I slowly invested (dca) in the stock market in 2015 and also learned about digital assets in 2020. I can breathe again... I'm not rich, but will be well off by time I'm 60. It doesn't happen overnight, start now. Don't spend money on foolish things. Enjoy what you have.
Freaking love this guy! No BS, no scamming, no insane clickbait, just practical advice!
Thank you Brian!
Thanks Brian 🙂
Thank you for all the support JR Raven! I hope you have a very nice weekend!
Always great advice and helpful information. As always, thank you Brian. 👍
This is why time in the market beats timing the market. Compounding is powerful but time consuming.
Your channel is full of solid advice.
I’m using my equity to move out of state and buy a house cash. Got over $100k in investments and an emergency fund. Zero debt! You have to hustle and sacrifice.
I just wish I would have learned this lesson about 10 years ago. Now I'm trying to play catch up. I can't wait to hit that $100K.
Love your content and how you present it❤
I appreciate the transparency and honesty you always have in your videos. It’s exactly why I always share your videos with all my family members.
"The first $210,000 is a bitch, but you gotta do it." Updating Charlie's quote for 2024.
if he was coming out of the grave 😂
And stay away from high fee bank offers to invest in a fund. Just take one of the big ETF's with low costs at a broker with low or zero costs who offers a savings plan.
🤢 get professional advice.
Yes, amazing video! Nobody understands the value of simply living below one's means and treating your money like your future depends on it.
I LOVE made my first 100k at 35. I am childfree too.
Excellent video!!!! Thanks!
Every strategy you come up with is very surprising, you make it so easy and simple, thank you
Late bloomer, hit 300k networth at 39. Rapidly approaching our target goal. Keep strong everyone.
I hit 100k in May and I’m now at 180k I need guidance on where to put my money it’s just liquid at the moment any guidance on where and how to start? 37 year old
@@ChrisHernandez-t1j
Wait til the market crashes in 2025.
@@ChrisHernandez-t1j Bogleheads 3 fund portfolio
Very nice!
good job, you're probably already reached Coast-fire. I'm at 520k at 45 years old and should be on track to retire early. That day cannot come soon enough. Work sux.
If getting rich were so easy, the streets would be filled with millionaires instead of homeless people.
I started listening to Brian in 2020, now I am sitting on my 3rd house and looking to buy 4th. His formula works, it's up to you if you are willing to penny pitch for a few years. 😅 like he said, it sucks, but it works!
"We do things not because they are easy, but because they are hard"
Steady work, being frugal and pressing on by saving and investing. This is not magic. Sacrifice the Starbucks, the tattoos, the eating out often and being frivolous with money. Also, do not be cheap, the universe will help if you help others.
Democrats want to keep people poor
You need poor people to be rich otherwise everyone would be middle class.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Great video I’m making my teenager watch it multiple times!
Thanks for doing this video, I've been telling friends and families this for years
This is the best truthful advise ever.
The most important lesson is to get a job where you can save 10k/year 😂
That’s it. Invest into S&P 500 is easy, making enough to live off of and invest is hard and is never covered.
@@gyrate98 go back graham Stephan’s channel. 🤢
Probably will have to live in your car @@thetapheonix
VERY TRUE. Listen to this man.
Thank you Brian! These are basics that need to be taught in schools.
This guy is one of the few youtubers I always trust! Legend
In 20 years your first 100k be like 10k right now with the inflation lol.
But good video Brian!
Most people don’t plan to fail, they fail to plan, Brian is correct on what he is telling you, listen to him.
Its an easy process. Most people just never start.
Fantastic and straightforward advice. I literally just hit 100 and am noticing the explosion right before I watched this video. Love it
Brian is a natural teacher 👍🏼
It definitely exploded after 100k, I agree 100%
Yes, it was just a grind getting there. Patience and discipline.
@clearvaluetax9382 You hit the nail on the head "Patience & discipline," and I still buy heavily!
I hit 100k in May and I’m now at 180k I need guidance on where to put my money it’s just liquid at the moment any guidance on where and how to start? 37 year old
Once I reached my 100 K the next 80 came fast within three months
@@ChrisHernandez-t1j You reached 180k without investing? Buying index or etfs. I love VOO & QQQM
I've been loading 60k into the market for each of the past 2.5 years.
If luck holds... i will be at 300k in December.
Then i hope to load 50k annually for another 3 years.
If im lucky enough for that to happen...
I'll be at over 500k before age 50 ☀️☀️