A lot of people think they should always be buying and selling something. That's a mistake. 99% of successful investing is waiting, learning, awareness/experience and getting extremely lucky with the market.
I totally agree, although coming into the market i missed the experience part, but my current trader helped me. She turned my 40k loss, made me 70k in a month, if not for her, i can't even begin to imagine....., she actually does most of my trading, to be honest.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@@Oliver-Lucas Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. All roads have pointed to the equity market of some sort which is a good idea buh where else should I put money besides the equity/stock market?
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Having an advisor put me through the market has helped me scale through the chaotic market decline and all, ever since late February 2022 I have gained 65% growth on my overall portfolio, making int over $350K in net profits.
I'm glad I was able to hire an financial advisor "Lisa Ann Moberly" earlier last year since while others were complaining about the downturn, I was busy cashing out from my investment, eventually making over six figures in the first quarter alone....
Your advisor really seem to know this stuff, I found her web-page online when I google up her full names, read through her resume, educational background, qualifications and it was really impressive. I left her a note and booked a call session with her hoping she gets back to me soon
This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $460k outside funds in my IRA to invest in stocks. Pls how do I take advantage of the market turnaround?
now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
Shell-shocked financial backers have a lot to think about and losses to recover from after a terrible 2022. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down, which implies that portfolios will experience more losses in the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?
In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.
@lucid480 Yes, my mentor Kimberly Jean Heavner is well-versed in the financial sector and has received substantial training in it. She is recognized as an expert in the sector and is well-versed in the benefits of diversifying one's investment holdings. I suggest researching her credentials more. Because of her broad knowledge, she is a terrific resource for anyone trying to comprehend the financial market. I appreciate your advice. Finding your coach wasn't difficult. and I thoroughly checked her qualifications before scheduling a call with her. Based on her credentials, she appears to have a high level of expertise, and I value the opportunity to speak with her.
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns. This means that over time, your investment can grow exponentially. So the earlier you start investing, the more time your investment has to grow through compounding.
@trevorogden3288 I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "'JILL MARIE CARROLL" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@@greekbarrios This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.
With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
Applauding myself after a year of consistent dedication and growth, investing 40% of my pay monthly into ETFs and Index funds, I can boast of $135k in profits so far. Cheers
The power of compounding money and even habits are much more powerful than people think. All of your small wins becomes big wins over time, keep your foot on the gas pedal and keep investing.
Tony Robbins = The master of saying a whole lot about absolutely fucking nothing and making you feel like you are getting your money's worth. He's about 1 step away from being a fortune teller.
KING TROLL maybe people should follow your advice.. oh wait.. you're not givkng any advice.. just spewing a pile of shit from your mouth. I can bet a million dollars at you're broke as fuck.. and you will always be broken as fuck until you stop being an annoying fuck and learn something
In this era, where time is money; you definitely don’t want to waste all your day following the ever changing trends in the market. M.B. App is there to take care of this problem of yours. You can check it out here to know more about it >>> *OnlineNetCareer .Com*
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
So, in other words the real story is: Theo Johnson started working for UPS in 1923, and after working for 29 years, retired from UPS with about $700,000 (a nice amount, but definitely not $70,000,000. Then, in the roughly 40 years after he retired, his stock continued to grow. So, after a total of 70 years, he may have had a lot of money. No one knows whether it was anywhere near $70M, but it is clear that he did not have $70M when he retired in 1952, and that it took nearly 70 years altogether to get to whatever amount he had when he died. So, if you are reasonably certain that you will live to be over 90 years old, and you are certain that YOUR company will return 10 or 15% every single year for the next 70 years, then yes, it is possible to get to $70 million by the time you die.
This is far from a how to video. It's more about selling a person the idea that you too can become rich even if you work at UPS as a truck driver. It's certainly possible but let's be honest about the facts behind this story. 70 million does little good when you are knocking on deaths door....
I realize you commented a year ago so this response isn't necessarily for you but for people that will see it in the future. That being said, you may not be able to take full advantage of the money you have earned due to your age, however, your family that survives you will be forever grateful and you will go to your grave knowing that you took care of them. That is worth a lot more in the grand scheme of life than being able to enjoy a lambo at 40.
I think your presentation of Theodore Johnson's story less than realistic. Johnson was _not_ a UPS "worker"; he was a UPS "executive". In 1952, when Johnson retired, factory workers _grossed_ less than $100/week. Johnson's $14,000 salary -- then almost 3 times a UPS worker's wage -- was, adjusted for inflation, in excess of $135,000 in 2019. The reason for Johnson's retirement in 1952 was, most probably, age. In 1952, before Civil Rights Laws were enacted by Congress, it _was_legal to fire anyone who had reached the "retirement age" of 65 established by the notorious German Chancellor Otto von Bismarck in the 1890s. [EVERYONE was "put out to pasture" at age 65 in those days and forced to turn to Social Security -- before Medicare existed.]. Theodore Johnson had a lot more, a higher percentage, discretionary income available for investment than UPS "workers" or other major corporation factory workers of that era. Factory workers did _not_ attain annual gross wages of $10K until at least 1975. Johnson did well! But do not portray him as a bottom of the totem pole working class stiff who engineered a financial a miracle under the most difficult of circumstances. He started as a well-off, privileged executive white male in an era of FULL brokerage commissions; buying 100 shares of IBM could cost ~$250 in broker commissions and another ~$250 upon sale. FAR beyond the affordability of a 1952 "worker". Johnson invested well, but he did not pull off a factory "worker" miracle. BTW, Johnson did _not_ have $70M when he retired in 1952. It took another 25 years in retirement to grow his nest egg to that very nice sum when he died in 1977 at age 90. I _do_ agree that everyone should try like hell to put away 20% of gross, even if one is low on the totem pole, and invest prudently because it is easier to voluntarily live "low on the hog" when one is young & fit then be forced to do by circumstances when one is old, well past one's prime, and, perhaps, frail & decrepit.
14000 per year man who saves 2800 per year (20% of 1400) gets in on the ground floor of an investment which turns into 70 million. That is the biggest pile of horsemanure I have read today. That is so stupid I cant believe anyone would even think it possible.
The real truth of the matter is that the people that have millions of dollars walk around and go to work just like everyone else that don't have a million dollars. I strongly believe the working up to a million is almost or if not more benificaily motivating as having it.
14k a year...20 percent invested....to 70 million retired? Thats like 25 percent return each year in 40 years.. i dont know any index fund that gives you that kind of return
How does this whole bitcoin thing work, I'm interested in it and I'm willing and ready to invest heavily in it but I'm gonna need an assistant from any trusted and productive professional
andii doode my kids and grand kids don't need my advice.. they just do whatever they see right for them.. That's how I did it, that's how they do it as well.
Probably because you have no advice to offer. "That's how I did it, and that's how they do it as well" - is a good example of a very ill educated, meaningless statement.
ignore this F U who replied you, hes incapable to grow, not you, keep educating yourself. He goes away in front of obstacles, you have the choice to keep going
20% of $14,000 invested monthly over 46 years (assuming he worked from the age of 19 until retirement at 65), assuming an annual interest rate of 10% would give him $2.7 million dollars. If you want to play with the assumptions you can use this formula in Excel =FV(.1/12, 46*12, -14000*.2/12, 0, 1). To get $70 mill he would need an 18.5% return, on average, every year. I'm fairly sure that's outrageously (unbelievably?) good. Was he day-trading like a (phenomenally successful) pro while also driving a UPS truck?
It might be crazy but it's what banks do in much less time. There are plenty of 'nuts + bolts' videos out there about how banks double their profits in a few years to decades on loans. While you will only ever earn fractions of a percent if you keep your money with them in any traditional form (savings, cds, iras, etc....the stuff they tell the common person to invest in).
Yes of course he got a raise. $14,000 a year in 1952 (When this man retired) is roughly worth $123,000 in 2017. So 14k a year was quite high at that time. Mr. Johnson worked his way up to VP of operations of UPS. He also put ALL of his money into UPS stock, not into mutual funds or indexes like the S&P 500. Clearly, UPS has done quite well since the 1950s, which is the reason why he was worth so much.
@@muntariousthaborian1309 better sort out the Kurds, Syrians, and the Turnks. USA #1 in oil and gas. Contrary to pop belief, there is lots of oil in the world. Plenty 4 all.
I think another story I heard was he put all his salary into UPS stocks. And if you put it in the beginning of time, when UPS went public a lot of the old employees became millionaires.
That's not what he said. He said he invested 20% of 14,000 each and every year, in the stock market, until he retired. Thats around 3k a year, at a 10% interest rate, for over 50 years.
it's always expressed as an annual rate (in Finance that is). Obviously, compounding is actually done daily, for smaller amounts. The 10% figure is the historical annual average of the S&P500
Berkshire is already better than index funds for the buy and forget investor. Then you have Buffett looking for the 10% opportunities for you. And Buffett has a small salary, his only perk is that he likes to fly around in jets. Kind regards, Sven Carlin, the investing channel for the professional, part-time and beginning investor.
Saving 20% of $14,000 = $2,800 a year. I'm going to take inflation out the model (if I take wage and price inflation out it all equals out anyway) and assume he works from 18-65. That require an average geometric rate of return of 20%. Where the fuck do you get 20%? Also, at that rate of return you would have a million by 43, and 10 million by 56. Why the fuck would you carry on working for $14,000 a year, saving that extra $2,800, when you already have enough to live of?
Tony is conveniently leaving out a lot of stuff from this story. That UPS worker was actually a high-level corporate executive. Also, his 14,000 dollar a year salary adjusted for inflation is actually around 150,000, so he was making good money back in his time. Also, when he passed, he was in his 90s, and that's when his account value finally grew to the 70 million we hear about.
Vanguard target retirement fund is usually the best bet for most people or you can do vanguard s&p 500 index fund. Just don't pull the money out during bad markets like some emotional people. The markets have seasons just like weather
Open an account with Robinhood if you want to invest without paying commissions. They don't have retirement account options so you'll have to find an alternative for that.
He’s dancing around it, but what he’s trying to say is buy index funds (or very low cost active funds…..really any fund fund with less than 50 bps in fees will do)
Pains me to say this as I liked this chap but he is selling books here. This story about his 'Theodore Johnson', making 14k a year and investing 20per cent of it per year ended up with 70 million dollars....???. Simple compounding calculator tells you that if 'Theodore' had invested his cash in the stock market (without any mutual fund fees) would have made 9.2% a year (a figure that Robbins himself says is the stock market returns over time) which after 50 years of working at UPS would have amounted to 2 million dollars, not the 70million that Robins attests. If he made 70 mil he was a superstar market timer and trader...he really was wasted making 14k a year at UPS for 50 years! Have listened to a few of Robbins investment principles now and it's all rubbish. He says corporations use big terms to confuse the consumer and make big bucks, yet then he goes on to speak very fast and use investment terms himself that normal people won't understand in order to bamboozle them and make himself look like he knows what he's talking about. He starts talking about basis points...which are really hundredths of a percentage point...and are of no real use in this discussion ( they are only ever considered when you're dealing in financial markets where 0.01% of a price move is of any significance....meaning huge amounts)....the only reason I can see him doing it is to confuse people and make them think he can be their translator for these investment community conspirators.. ...guess what... a brain surgeon uses terms that would confuse a normal person in the street...doesn't make it a conspiracy...that's why you study for years to be in that role. I'm very disappointed Tony Robbins...
I mentioned these ridiculous fees especially after I looked into the particular brokerage my company uses. The owner just laughed and told me they all have fees and that the amount I told him ours had he said that was just ridiculous. So I just told him ok I'll roll mine into my own account I have.
what's tge alternative to mutual funds & 401ks then? this is what's out there. I know the answer is yo be an owner, but what are we to invest in?? day trading? I'm guessing he reveals it in his book.
+Kristen Albertelly For most people, money in a 401-K is probably their best option: instant tax deduction, possible company match, ease of investment (the money comes out of their paycheck before they can spend it), the money is growing tax deferred and you can contribute $18,000 compared to an IRA's $5500. After putting money in a 401-K, generally speaking, the best thing to do is get the most diversification (money spread all over the world in all the various asset classes: small cap, value, international, etc.) at the cheapest costs possible. Usually this will be accomplished by investing in index funds as they tend to be cheaper than actively managed funds since they're designed to just mirror an index (hence their name). Historically, the way to become rich is to be an owner of some kind. A pro athlete is rich but not as rich as the person who owns the team. A top-selling musician is rich but not as rich as the person who owns the label. The women on the View are probably rich but Oprah became a billionaire because she owned her show. You can buy or create cash-generating assets. Have enough money saved and you can purchase real estate and rent it out. Create a best-selling series and who knows you can be the next J.K. Rowling. If a person has it in them to create the next Apple, Berkshire Hathaway, Facebook, etc. then they should do so; but for those of us not so entrepreneurially oriented I think buying into the aforementioned companies and ALL the others via a low-cost, widely diversified product like an index fund or total market ETF is an acceptable alternative that via compounding should lead to the individual being a lot wealthier than they otherwise would be.
+avburns what an amazing person for this response. you shared more info than a financial person or my family members would. I appreciate your detailed response!
that's why smart investors do stuff like real estate or secured bonds.. Day trading is even more ridiculous now cause you're competing with fast trading algorithms that vacuum up trades..
egje EORWIJ the type of investing he is advocating is buy and hold (fundamental investing), what you are talking about is called technical investing, I don't think that is what Tony is advocating.
I invested massively into crypto trading, I have Mrs Terriese White, a good and caring trading expert who handles my trades and its going so well for me.
i was actually a fan of Tony before this story. The investment he's talking about. $2800 a year, for 20 years, at 8% interest; woulda yield roughly $137,000 it would come nowhere the $70,000,000 claim.
Miles Hannan It would be very easy to have 70 million dollars if this is all we had to do. Use a compounding calculator it's closer to 130,000 then 70 million
I don't understand, if I want to invest in Index Fund, where should I start? like what company should I invest and the process etc? I don't get it why people understand about investing (very complicated I think?). I am 15. Please give me your insight
Read the simple path to wealth by collins. It will teach you pretty much everything you need to know or at least a good starting point. Good luck! You are on the rich track thinking about finances at 15.
So this dosn't actually tell you anything otherr than appparently a UPS driver invested $2,800 a year and somehow made $70m. Well, I guess if he brought shares in Apple back in 1985 or Amazoin in 1995 or Google in 1998 maybe that works. But example 2 hass $100k growth to just $500k in 30 years (so that's $69.6m less than the UPS guy made)
This man I started with my health and now am investing my money in etfs and getting started like he said.. I give this man a lot of credit towards my mind set shift.. I have always thought and new there was a way I could become my true self , happy and make money.. This is the way for us who have a decent job but just don't know what to do in life and quite get ahead. I believe in investing now even if I have 50 dollars a week !!
I bet the people who watched this and the interviewer did not understand what he just blabberd. He likes like a perfect con man who will hypnotise you and make earning money so easy that you will empty ur pockets to him for investments. He takes money and later yrs he's like "aye man, it dint go well, ( and then blabber why business fail making it as if it's ur fault)" while he becomes a millionaire with an evil laugh behind ur back.
I don't see how he is scamming anyone.... I bought one of his books that cost mere pocket change and learned a lot of useful insights. he is not making my business or financial decisions for me. A lot of people simply think it's impossible to ever invest enough to retire on a healthy chunk of money when in reality it's not. people waste money everyday on "STUFF". compounding interested is a very simple concept that is a real thing and he tries to cut through the overly complicated terms in the financial world to show people it's not as intimidating as they like to make it. but I guess this was all a waste of a paragraph as you clearly don't understand or care to understand the financial world. good luck
I dont waste time, i have 2 cafe's and a pub and now persoanlly researching to mov onto next stage (expanding to other sector). I woudnt recommend this guy to any of my business partners. He is like your money eater. id rather pay Tai Lopez.
johnny t if u put pay £14000 every year for 60 years at 10% return you get £50m (not £70m - and that’s saving every penny of his income before paying taxes!!!!)
You're the best Tony!!!!!! You're so intelligent, knowledgeable, experienced (and handsome)!!!!!! I literally laugh when I imagine your bullies. What idiots had they been open minded, decent people! You are amazing and unforgettable!
It would take 78 years to compound 20% of a 15k/yr salary ($3000/yr) to 70 million with monthly additions for all 78 years. Am I messing the math up, or is this just a massive hyperbole?
Where do you think the interest comes from? Average return on investing is around 6-12% depending on what you've got your money in. Very few people beat that, and nearly zero beat it consistently. The ones that do are regarded as investing geniuses, like Warren Buffet. If this dude really turned 3k a year into 70mil by the time he retired, we'd know his name. It just didn't happen, plan and simple. Does that mean you shouldn't invest? No. Just that Tony is full of shit.
Seems so. No doubt you can retire super well (a few million) doing this, but my point is that the end sum is highly overexaggerated. Tony is a smart guy, I doubt he just overlooked the huge difference between the story and reality.
+Dat Guy - Buffett's a very clever guy but in reality, he isn't a genius. Like some others, he was just a rich insider in the right place at the right time that became extraordinarily wealthy as a consequence of leverage. If we're being honest, Buffett has access to information that 99.99% can only dream of. From 1982 to 1999 (Greenspan’s Goldilocks economy), Buffett was just net long cash flow positive stocks. It certainly didn't hinder him that he was already worth over $300 million dollars in 1982. Money begets money. The stock market was at its peak in these years (relative to commodities and other assets). In that 17 year period, he increased his net worth by over $30 billion dollars. Those days are long gone. If you look at his net worth closely, his net worth gains (in percentages) have been considerably less since the Dotcom bubble in 2000. He’s reached the peak now and even if he lived to 100, he’ll never surpass $100 billion dollars. As for Tony's example, I agree that it's complete bullshit.
lots of hyperbole here - he said average mutual fund fee was 3%???? maybe in his company! "Today the average fund charges 1.25%, down from 1.28% in 2012 and off from a peak of 1.47% in 2003"
title is misleading. this is a book promo only and the math is way off. this info isn't a solution, it's only adding to the misleading problems people have with trying to make the most of their money. If Theodore Johnson put his entire paycheck into a reasonable investment at 10%, he wouldn't live long enough to have a $70 million account- I assume the story is true but he must have been an early investor in an "Apple" like opportunity. Misleading to leave out that detail. As a financial planner, I'm not allowed to tell a story like that without disclosing the facts. That rule should apply to people with an influence like what Tony Robbins has. This is another self-promoting video with no real value. Sorry to be so negative but in the last 25 years I've seen too many people mislead by persuasive sales like this.
My strategy is; buy quality companies, expect to hold no matter what, pay up but don’t over pay, keep track, sell rarely, be ready to course correct.
A lot of people think they should always be buying and selling something. That's a mistake. 99% of successful investing is waiting, learning, awareness/experience and getting extremely lucky with the market.
I totally agree, although coming into the market i missed the experience part, but my current trader helped me. She turned my 40k loss, made me 70k in a month, if not for her, i can't even begin to imagine....., she actually does most of my trading, to be honest.
@@mariahhayes5089Exactly, i will never go into this market without guidance, please who is this coach that helped you, can you possibly do a referral?
@@helenoliver4838 She is my personal coach, trader or broker, whatever you prefer.
@@helenoliver4838 Just look with her name online, you will be directed to her page, there you can leave your messages.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@rachealhubert74 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@rachealhubert74 I will give this a look, thanks a bunch for sharing.
@@Oliver-Lucas Alice Marie Coraggio her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
Scam bots unite! ✊️
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. All roads have pointed to the equity market of some sort which is a good idea buh where else should I put money besides the equity/stock market?
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Having an advisor put me through the market has helped me scale through the chaotic market decline and all, ever since late February 2022 I have gained 65% growth on my overall portfolio, making int over $350K in net profits.
It once has crossed my mind to work with an FA but I didn't know how to go about it, if I'm not asking much how do I reach out to your FA?
I'm glad I was able to hire an financial advisor "Lisa Ann Moberly" earlier last year since while others were complaining about the downturn, I was busy cashing out from my investment, eventually making over six figures in the first quarter alone....
Your advisor really seem to know this stuff, I found her web-page online when I google up her full names, read through her resume, educational background, qualifications and it was really impressive. I left her a note and booked a call session with her hoping she gets back to me soon
This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $460k outside funds in my IRA to invest in stocks. Pls how do I take advantage of the market turnaround?
now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
Scam bots unite! ✊️
Scam bots unite! ✊️
Shell-shocked financial backers have a lot to think about and losses to recover from after a terrible 2022. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down, which implies that portfolios will experience more losses in the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?
In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.
@lucid480 Yes, my mentor Kimberly Jean Heavner is well-versed in the financial sector and has received substantial training in it. She is recognized as an expert in the sector and is well-versed in the benefits of diversifying one's investment holdings. I suggest researching her credentials more. Because of her broad knowledge, she is a terrific resource for anyone trying to comprehend the financial market.
I appreciate your advice. Finding your coach wasn't difficult. and I thoroughly checked her qualifications before scheduling a call with her. Based on her credentials, she appears to have a high level of expertise, and I value the opportunity to speak with her.
Scam bots unite! ✊️
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns. This means that over time, your investment can grow exponentially. So the earlier you start investing, the more time your investment has to grow through compounding.
@trevorogden3288 I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
@@greekbarrios This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "'JILL MARIE CARROLL" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@@greekbarrios This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.
Scam bots unite! ✊️
i just realized tony robins sounds like the voice when someone uses a voice modifier to stay anonymous!
he also is way bigger that any person. maybe he doesnt existe. its just an alien robot. lol
omg so true
CryptoCoins lol
CryptoCoins OH SHIT! Good ear😂😂😂
I guess he smokes too much
With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
Applauding myself after a year of consistent dedication and growth, investing 40% of my pay monthly into ETFs and Index funds, I can boast of $135k in profits so far. Cheers
Wow that’s great, but I feel anything stocks is quite risky if you not experienced in risk management, how do you cross that line
Out of curiosity, who are your index funds and ETFS with? PM if you like, i would be really grateful. :)
Eddybruke(.)info
The power of compounding money and even habits are much more powerful than people think. All of your small wins becomes big wins over time, keep your foot on the gas pedal and keep investing.
Which etfs are you investing in? And index funds
0:50 start early
2:10 vs. active
4:10 vs. fees
Tony Robbins = The master of saying a whole lot about absolutely fucking nothing and making you feel like you are getting your money's worth. He's about 1 step away from being a fortune teller.
Tec 9 yup. takes a couple hours after he talks before i realize I've been bamboozled best by bullshit
No, Trump backs up his bullshit. Thats why you Liberal fuckwads have to douche 5 times a week.
KING TROLL maybe people should follow your advice.. oh wait.. you're not givkng any advice.. just spewing a pile of shit from your mouth. I can bet a million dollars at you're broke as fuck.. and you will always be broken as fuck until you stop being an annoying fuck and learn something
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Listening to Tony Robbins changed my life for the better, great man.
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
@Fred Howard That sounds great and how do i connect with her ?
@Fred Howard Okay i just found her website and left a message for her. thanks.
Scam bot
Such passionate blather! In addition, if Tony wants people to receive his blather, he would speak at least 50% slower.
So, in other words the real story is: Theo Johnson started working for UPS in 1923, and after working for 29 years, retired from UPS with about $700,000 (a nice amount, but definitely not $70,000,000. Then, in the roughly 40 years after he retired, his stock continued to grow.
So, after a total of 70 years, he may have had a lot of money. No one knows whether it was anywhere near $70M, but it is clear that he did not have $70M when he retired in 1952, and that it took nearly 70 years altogether to get to whatever amount he had when he died.
So, if you are reasonably certain that you will live to be over 90 years old, and you are certain that YOUR company will return 10 or 15% every single year for the next 70 years, then yes, it is possible to get to $70 million by the time you die.
short answer= invest in S&P 500 index fund... what else is new :-P
It has no fees?
@@Heart4KidsNonProfit very very low
This is far from a how to video. It's more about selling a person the idea that you too can become rich even if you work at UPS as a truck driver. It's certainly possible but let's be honest about the facts behind this story. 70 million does little good when you are knocking on deaths door....
if you give 70 million to god he'll spare you from death #truth
cashout whenever you want
I realize you commented a year ago so this response isn't necessarily for you but for people that will see it in the future. That being said, you may not be able to take full advantage of the money you have earned due to your age, however, your family that survives you will be forever grateful and you will go to your grave knowing that you took care of them. That is worth a lot more in the grand scheme of life than being able to enjoy a lambo at 40.
Leslie Dailey either way he became a millionaire before he got old.
70 million was the most he made
I'd take 25 mil at 50 then bunk out.
I think your presentation of Theodore Johnson's story less than realistic. Johnson was _not_ a UPS "worker"; he was a UPS "executive". In 1952, when Johnson retired, factory workers _grossed_ less than $100/week. Johnson's $14,000 salary -- then almost 3 times a UPS worker's wage -- was, adjusted for inflation, in excess of $135,000 in 2019.
The reason for Johnson's retirement in 1952 was, most probably, age. In 1952, before Civil Rights Laws were enacted by Congress, it _was_legal to fire anyone who had reached the "retirement age" of 65 established by the notorious German Chancellor Otto von Bismarck in the 1890s. [EVERYONE was "put out to pasture" at age 65 in those days and forced to turn to Social Security -- before Medicare existed.].
Theodore Johnson had a lot more, a higher percentage, discretionary income available for investment than UPS "workers" or other major corporation factory workers of that era. Factory workers did _not_ attain annual gross wages of $10K until at least 1975.
Johnson did well! But do not portray him as a bottom of the totem pole working class stiff who engineered a financial a miracle under the most difficult of circumstances.
He started as a well-off, privileged executive white male in an era of FULL brokerage commissions; buying 100 shares of IBM could cost ~$250 in broker commissions and another ~$250 upon sale. FAR beyond the affordability of a 1952 "worker". Johnson invested well, but he did not pull off a factory "worker" miracle.
BTW, Johnson did _not_ have $70M when he retired in 1952. It took another 25 years in retirement to grow his nest egg to that very nice sum when he died in 1977 at age 90.
I _do_ agree that everyone should try like hell to put away 20% of gross, even if one is low on the totem pole, and invest prudently because it is easier to voluntarily live "low on the hog" when one is young & fit then be forced to do by circumstances when one is old, well past one's prime, and, perhaps, frail & decrepit.
Most of his wealth likely came from privately held UPS stock
👏👏
He talks so quick!
Cant wait to see him at UPW in 2017!
14000 per year man who saves 2800 per year (20% of 1400) gets in on the ground floor of an investment which turns into 70 million. That is the biggest pile of horsemanure I have read today. That is so stupid I cant believe anyone would even think it possible.
The real truth of the matter is that the people that have millions of dollars walk around and go to work just like everyone else that don't have a million dollars. I strongly believe the working up to a million is almost or if not more benificaily motivating as having it.
14k a year...20 percent invested....to 70 million retired? Thats like 25 percent return each year in 40 years.. i dont know any index fund that gives you that kind of return
It is, without a doubt, a made-up story.
Great lessons about compounding interests! I will be teaching this in my next video too. Stay tuned.
In few months or no time people will definitely start kicking themselves in regret for missing the opportunity to buy or invest in cryptocurrency
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise
For real it's very profitable
How does this whole bitcoin thing work, I'm interested in it and I'm willing and ready to invest heavily in it but I'm gonna need an assistant from any trusted and productive professional
You don't really need someone to tell you how to invest your coins, you can make research on your own and also try doing it yourself first.
I will recommend miss Deborah Trading Services for you their strategies are working for me at the moment and making good profit from bitcoin trading
I will recommend miss Deborah Trading Services for you their strategies are working for me at the moment and making good profit from bitcoin trading
I didn't understand any of that.
+andii doode you're too young, go do your homework and stop wasting your time
Jadallah Abd is that what you say to your kids and grandkids?
andii doode my kids and grand kids don't need my advice.. they just do whatever they see right for them.. That's how I did it, that's how they do it as well.
Probably because you have no advice to offer. "That's how I did it, and that's how they do it as well" - is a good example of a very ill educated, meaningless statement.
ignore this F U who replied you, hes incapable to grow, not you, keep educating yourself. He goes away in front of obstacles, you have the choice to keep going
20% of $14,000 invested monthly over 46 years (assuming he worked from the age of 19 until retirement at 65), assuming an annual interest rate of 10% would give him $2.7 million dollars. If you want to play with the assumptions you can use this formula in Excel =FV(.1/12, 46*12, -14000*.2/12, 0, 1). To get $70 mill he would need an 18.5% return, on average, every year. I'm fairly sure that's outrageously (unbelievably?) good. Was he day-trading like a (phenomenally successful) pro while also driving a UPS truck?
It might be crazy but it's what banks do in much less time. There are plenty of 'nuts + bolts' videos out there about how banks double their profits in a few years to decades on loans. While you will only ever earn fractions of a percent if you keep your money with them in any traditional form (savings, cds, iras, etc....the stuff they tell the common person to invest in).
He made no more than $14,000 a year not a month, right?
Yudi Did that guy never get a raise. Lol.
Yes of course he got a raise. $14,000 a year in 1952 (When this man retired) is roughly worth $123,000 in 2017. So 14k a year was quite high at that time. Mr. Johnson worked his way up to VP of operations of UPS.
He also put ALL of his money into UPS stock, not into mutual funds or indexes like the S&P 500. Clearly, UPS has done quite well since the 1950s, which is the reason why he was worth so much.
1% is way high. SO IS .70 OR 70 basis points.
Get VOO ETF from vanguard for .03 Basis points expenses.
How can I invest in vanguard? Can anyone explain it? I am from Middle East
@@muntariousthaborian1309 Good question... I think you will need to apply for USA citizenship and join the #MAGA movement!!! : )
Well I better invest in Oil :) . Thanks for the replay
@@muntariousthaborian1309 better sort out the Kurds, Syrians, and the Turnks. USA #1 in oil and gas. Contrary to pop belief, there is lots of oil in the world. Plenty 4 all.
Play on.75x if u r not a native English speaker.
BTW thanxs for such a wonderful information
20% of $14,000 compounding equals 70 million really? really...
I think another story I heard was he put all his salary into UPS stocks. And if you put it in the beginning of time, when UPS went public a lot of the old employees became millionaires.
If you want to earn over 200 dollars per day trading stocks then send me an email here: toshtao@gmail. com
That's not what he said. He said he invested 20% of 14,000 each and every year, in the stock market, until he retired. Thats around 3k a year, at a 10% interest rate, for over 50 years.
achille295 compounding how often?
it's always expressed as an annual rate (in Finance that is). Obviously, compounding is actually done daily, for smaller amounts. The 10% figure is the historical annual average of the S&P500
30% Stocks
40% Long Term Bonds
15% Intermediate Term Bonds
7.5% Gold
7.5% Commodities (Like Oil)
I just had an advert about Tony Robbins when trying to watch a video about Tony Robbins...
🙍🏼The best of Tony Robbins 👍👍👍
he says don't invest in mutualfund etc. but where should you invest then ( if you are not a full time investor and have another job?
Berkshire is already better than index funds for the buy and forget investor. Then you have Buffett looking for the 10% opportunities for you. And Buffett has a small salary, his only perk is that he likes to fly around in jets.
Kind regards,
Sven Carlin, the investing channel for the professional, part-time and beginning investor.
Watch the video again and listen
Become a fast talker like the Robbins and you will make some good money in your lifetime!
You can learn to talk fast. But you talk is that matters and makes the difference.
Saving 20% of $14,000 = $2,800 a year. I'm going to take inflation out the model (if I take wage and price inflation out it all equals out anyway) and assume he works from 18-65. That require an average geometric rate of return of 20%. Where the fuck do you get 20%? Also, at that rate of return you would have a million by 43, and 10 million by 56. Why the fuck would you carry on working for $14,000 a year, saving that extra $2,800, when you already have enough to live of?
Tony is conveniently leaving out a lot of stuff from this story. That UPS worker was actually a high-level corporate executive. Also, his 14,000 dollar a year salary adjusted for inflation is actually around 150,000, so he was making good money back in his time. Also, when he passed, he was in his 90s, and that's when his account value finally grew to the 70 million we hear about.
What investment account should you start off with?
Vanguard target retirement fund is usually the best bet for most people or you can do vanguard s&p 500 index fund. Just don't pull the money out during bad markets like some emotional people. The markets have seasons just like weather
Open an account with Robinhood if you want to invest without paying commissions. They don't have retirement account options so you'll have to find an alternative for that.
Leslie Dailey Thank you for the insight haha I am watching this a year later and it has circled back to my mind, it’s a must! I will figure it out 🤙🏼
Damn Tony looks like a giant compared to that guy !
Step 1: Start with $69,000,000.
Thanks.
who the fuck is charging 3% tony robbins?
What about for people already in their mid-60s? What's the very best that they could do financially for a comfortable retirement?
Anyone, please feel free to weigh in.
@leonardcaplan5601 Move to a country that has a very low cost of living like Vietnam. You could live like a millionaire.
How do you live of investments or stocks? Do you sell them?
Okay, so where is the best place or company to invest in?????
Who to find out where to invest?
$14,000 (1952) = $123,000(2015). So when Tony says he earned $14,000, he forgot to say its really like $123,000
Thank you...
Adjusted for inflation, yeah. That guy was a high-level corporate executive. He wasn't just some lowly UPS worker. Tony is such a BS artist 💩🎨
Compound can be positive or negative
Wonderful, thank you!
He’s dancing around it, but what he’s trying to say is buy index funds (or very low cost active funds…..really any fund fund with less than 50 bps in fees will do)
Pains me to say this as I liked this chap but he is selling books here. This story about his 'Theodore Johnson', making 14k a year and investing 20per cent of it per year ended up with 70 million dollars....???. Simple compounding calculator tells you that if 'Theodore' had invested his cash in the stock market (without any mutual fund fees) would have made 9.2% a year (a figure that Robbins himself says is the stock market returns over time) which after 50 years of working at UPS would have amounted to 2 million dollars, not the 70million that Robins attests. If he made 70 mil he was a superstar market timer and trader...he really was wasted making 14k a year at UPS for 50 years! Have listened to a few of Robbins investment principles now and it's all rubbish. He says corporations use big terms to confuse the consumer and make big bucks, yet then he goes on to speak very fast and use investment terms himself that normal people won't understand in order to bamboozle them and make himself look like he knows what he's talking about. He starts talking about basis points...which are really hundredths of a percentage point...and are of no real use in this discussion ( they are only ever considered when you're dealing in financial markets where 0.01% of a price move is of any significance....meaning huge amounts)....the only reason I can see him doing it is to confuse people and make them think he can be their translator for these investment community conspirators..
...guess what... a brain surgeon uses terms that would confuse a normal person in the street...doesn't make it a conspiracy...that's why you study for years to be in that role. I'm very disappointed Tony Robbins...
I mentioned these ridiculous fees especially after I looked into the particular brokerage my company uses. The owner just laughed and told me they all have fees and that the amount I told him ours had he said that was just ridiculous. So I just told him ok I'll roll mine into my own account I have.
what's tge alternative to mutual funds & 401ks then? this is what's out there. I know the answer is yo be an owner, but what are we to invest in?? day trading? I'm guessing he reveals it in his book.
+Kristen Albertelly
For most people, money in a 401-K is probably their best option: instant tax deduction, possible company match, ease of investment (the money comes out of their paycheck before they can spend it), the money is growing tax deferred and you can contribute $18,000 compared to an IRA's $5500.
After putting money in a 401-K, generally speaking, the best thing to do is get the most diversification (money spread all over the world in all the various asset classes: small cap, value, international, etc.) at the cheapest costs possible. Usually this will be accomplished by investing in index funds as they tend to be cheaper than actively managed funds since they're designed to just mirror an index (hence their name).
Historically, the way to become rich is to be an owner of some kind. A pro athlete is rich but not as rich as the person who owns the team. A top-selling musician is rich but not as rich as the person who owns the label. The women on the View are probably rich but Oprah became a billionaire because she owned her show.
You can buy or create cash-generating assets. Have enough money saved and you can purchase real estate and rent it out. Create a best-selling series and who knows you can be the next J.K. Rowling.
If a person has it in them to create the next Apple, Berkshire Hathaway, Facebook, etc. then they should do so; but for those of us not so entrepreneurially oriented I think buying into the aforementioned companies and ALL the others via a low-cost, widely diversified product like an index fund or total market ETF is an acceptable alternative that via compounding should lead to the individual being a lot wealthier than they otherwise would be.
+avburns what an amazing person for this response. you shared more info than a financial person or my family members would. I appreciate your detailed response!
+Kristen Albertelly Thank you. Your comment made my day.
Buy low sale high.. Bigger money bigger percentage of profit.. Only works with short term worth fluctuations.. You're all welcome..
In this market it's "buy high, sell higher"
that's why smart investors do stuff like real estate or secured bonds.. Day trading is even more ridiculous now cause you're competing with fast trading algorithms that vacuum up trades..
egje EORWIJ the type of investing he is advocating is buy and hold (fundamental investing), what you are talking about is called technical investing, I don't think that is what Tony is advocating.
Don't say trade unless you've done years of researching and learning and paper trading. It's not gonna make you anything but broke
"people's expectations of the future is drivin by there experience in the immidiate past." -rick rule-
Trouble is when you have money, everyone wants to take it from you. Just don't let on that you have any money.
Why are you telling people you have money? You're just asking for trouble, then. Live a frugal, modest, and humble lifestyle.
@@AK-47ISTHEWAY Well you cannot get blood out of a stone.
I invested massively into crypto trading, I have Mrs Terriese White, a good and caring trading expert who handles my trades and its going so well for me.
kindly share her contact.
terriesewhite0 @. g m a i l. c o m
I had to wait till i withdraw and now i can say this is a huge success…. Am happy to be part of this
wow this proved to me that investment is the right road to riches, i started with $30,000 now is 6months i have made close $750,000 ,this is great
Got a mail from her, invested up to $20,000 thinking its too much but to my greatest surprise its going so well. no doubts Terriese is an expert.
i was actually a fan of Tony before this story.
The investment he's talking about.
$2800 a year, for 20 years, at 8% interest; woulda yield roughly $137,000
it would come nowhere the $70,000,000 claim.
you have not taken into account the compounding..
Miles Hannan
It would be very easy to have 70 million dollars if this is all we had to do.
Use a compounding calculator it's closer to 130,000 then 70 million
I thought he said 700 years
so the title is wrong?
I don't make an exact amount but profits ranges from $1,400 to $2,600 you know it depends on coin price fluctuations in the market
He says really basic shit like 50 different ways
The David Wolfe of investing
How long did the UPS guy work?
I don't understand, if I want to invest in Index Fund, where should I start? like what company should I invest and the process etc? I don't get it why people understand about investing (very complicated I think?). I am 15. Please give me your insight
Yudi Vanguard
Read the simple path to wealth by collins. It will teach you pretty much everything you need to know or at least a good starting point. Good luck! You are on the rich track thinking about finances at 15.
Did he interview Tony Robbins or David Copperfield? Because that shit about 70 million is magic, it doesn't happen.
So this dosn't actually tell you anything otherr than appparently a UPS driver invested $2,800 a year and somehow made $70m. Well, I guess if he brought shares in Apple back in 1985 or Amazoin in 1995 or Google in 1998 maybe that works.
But example 2 hass $100k growth to just $500k in 30 years (so that's $69.6m less than the UPS guy made)
He was a UPS VP and likely had a lot of privately held company stock
@@tomdalton4293BINGO!!!
What a boss you are! You care so much about your employees's financial status. :)
This man I started with my health and now am investing my money in etfs and getting started like he said.. I give this man a lot of credit towards my mind set shift.. I have always thought and new there was a way I could become my true self , happy and make money.. This is the way for us who have a decent job but just don't know what to do in life and quite get ahead. I believe in investing now even if I have 50 dollars a week !!
What is the Canadian equivalent of America's Best 401K?
Great video! I would love to follow your trades real time on Verified Investing
Very good.
If you want to earn over 200 dollars per day trading stocks then send me an email here: toshtao@gmail. com
Tell me which funds he invests in so I can do the same
Michael Choe lit
I bet the people who watched this and the interviewer did not understand what he just blabberd. He likes like a perfect con man who will hypnotise you and make earning money so easy that you will empty ur pockets to him for investments. He takes money and later yrs he's like "aye man, it dint go well, ( and then blabber why business fail making it as if it's ur fault)" while he becomes a millionaire with an evil laugh behind ur back.
I don't see how he is scamming anyone.... I bought one of his books that cost mere pocket change and learned a lot of useful insights. he is not making my business or financial decisions for me. A lot of people simply think it's impossible to ever invest enough to retire on a healthy chunk of money when in reality it's not. people waste money everyday on "STUFF". compounding interested is a very simple concept that is a real thing and he tries to cut through the overly complicated terms in the financial world to show people it's not as intimidating as they like to make it. but I guess this was all a waste of a paragraph as you clearly don't understand or care to understand the financial world. good luck
I dont waste time, i have 2 cafe's and a pub and now persoanlly researching to mov onto next stage (expanding to other sector). I woudnt recommend this guy to any of my business partners. He is like your money eater. id rather pay Tai Lopez.
don't pay tai, he has enough accounts in his 47 lamborghini hills as it is.
Higgs Prime how did you get the money and know how to open up businesses like that? I don't have the business back ground.
Buy real estate.
Stay in control of your money.
Tony addresses this in another video explaining why this is better than putting your money into real estate.
but Tony, if I get 2 face cards in black jack I'm not sitting, I am splitting the faces and doubling up my odds.
his neck must really hurt carrying around that big Mellon all day
made my day tho
Stephen Doran Bigger skull bigger brain. Smaller skull smaller brain. FACTS!!!!!
How can I help
johnny t if u put pay £14000 every year for 60 years at 10% return you get £50m (not £70m - and that’s saving every penny of his income before paying taxes!!!!)
Indexed Universal Life has changed the way I see retirement
The last video I just watched he says put 300$ a month for 8 years into a index fund, now in this video he says index funds are bad...
Hey do you have an coaching program
First for all the project
Very smart man. Well educated an has a higher level in business skills
This clip won't make you retire with $70m. Sorry Tony. The person Tony is speaking about worked full time until the age of 90.
And he wasn't just a normal bottom of the barrel UPS worker. He was a high-level corporate executive.
You're the best Tony!!!!!! You're so intelligent, knowledgeable, experienced (and handsome)!!!!!!
I literally laugh when I imagine your bullies. What idiots had they been open minded, decent people! You are amazing and unforgettable!
tony said the market was going to crash. dont listen to him
The market is always going to crash. It averages a crash every 5-7 years.
Just put it in an index fund and compound it.
Tony Robbins is way better than Zig Ziglar!
I'm a 19 year old Real Estate Investor and is cool
Smart guy buy all the real estate you can get your hands on that’s how retirement will come much sooner
I want to see All of Tony's stock trades. Every single one.. win or lose.. and see the results. ?? No ??
When something sounds good to be true.....😒
Not sure his numbers are right in the 1% fees vs. 3% fees. I'd be willing to bet on it.
Good profit from selling books..
It would take 78 years to compound 20% of a 15k/yr salary ($3000/yr) to 70 million with monthly additions for all 78 years. Am I messing the math up, or is this just a massive hyperbole?
Seeing as you have no idea what you're talking about, I bet you bought his book already. lmao
Where do you think the interest comes from? Average return on investing is around 6-12% depending on what you've got your money in. Very few people beat that, and nearly zero beat it consistently. The ones that do are regarded as investing geniuses, like Warren Buffet. If this dude really turned 3k a year into 70mil by the time he retired, we'd know his name.
It just didn't happen, plan and simple. Does that mean you shouldn't invest? No. Just that Tony is full of shit.
well, 30-40 years ago 14k was pretty nice lower-mid class income.
Seems so. No doubt you can retire super well (a few million) doing this, but my point is that the end sum is highly overexaggerated. Tony is a smart guy, I doubt he just overlooked the huge difference between the story and reality.
+Dat Guy - Buffett's a very clever guy but in reality, he isn't a genius. Like some others, he was just a rich insider in the right place at the right time that became extraordinarily wealthy as a consequence of leverage. If we're being honest, Buffett has access to information that 99.99% can only dream of.
From 1982 to 1999 (Greenspan’s Goldilocks economy), Buffett was just net long cash flow positive stocks. It certainly didn't hinder him that he was already worth over $300 million dollars in 1982. Money begets money.
The stock market was at its peak in these years (relative to commodities and other assets). In that 17 year period, he increased his net worth by over $30 billion dollars. Those days are long gone.
If you look at his net worth closely, his net worth gains (in percentages) have been considerably less since the Dotcom bubble in 2000. He’s reached the peak now and even if he lived to 100, he’ll never surpass $100 billion dollars.
As for Tony's example, I agree that it's complete bullshit.
lots of hyperbole here - he said average mutual fund fee was 3%???? maybe in his company! "Today the average fund charges 1.25%, down from 1.28% in 2012 and off from a peak of 1.47% in 2003"
the wheel is already invented
Is it safe and profitable to invest in crypto currencies like litecoin and ethereum now?
He looks like a James Bond villain.
title is misleading. this is a book promo only and the math is way off. this info isn't a solution, it's only adding to the misleading problems people have with trying to make the most of their money. If Theodore Johnson put his entire paycheck into a reasonable investment at 10%, he wouldn't live long enough to have a $70 million account- I assume the story is true but he must have been an early investor in an "Apple" like opportunity. Misleading to leave out that detail. As a financial planner, I'm not allowed to tell a story like that without disclosing the facts. That rule should apply to people with an influence like what Tony Robbins has. This is another self-promoting video with no real value. Sorry to be so negative but in the last 25 years I've seen too many people mislead by persuasive sales like this.
I like it!
His like great kali of the market
From self help guru to a stock analyst? Bull crap
not a stock analyst lol... you obviously don't know what a stock analyst does
you don't know what your talking about lol
Someone shpuld ask him.how long did it take Theodore johnshon to get 70 million