Turn $200 Into $1,000,000 [By Doing Nothing]
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- Опубликовано: 26 июн 2024
- Hey everyone! In this video, I'm going to show you how you can turn $200 into $1,000,000 by doing absolutely nothing. Sounds crazy, right? But it's not only possible-it's almost impossible not to succeed if you follow the right steps.
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0:00 - Introduction
0:45 - Misconceptions About Millionaires
1:36 - Why It's Not About Luck
2:26 - Comparing Wealth Distribution
3:36 - The Salary vs. Inflation Problem
4:12 - The Problem with Savings Accounts
4:29 - The Advantage of Investing in Stocks
5:01 - Example of Investing Over Time
6:03 - Portfolio of Millionaires
7:34 - 99.8% Chances of Success
8:00 - Tips for Beginners
Nothing in this video constitutes tax, legal, financial and/or investment advice, nor does any information in this video constitute an invitation and/or solicitation to invest in a particular security. This video merely expresses the author’s opinion and should be viewed as such. Before proceeding with any investments, you should do your own research and seek advice from an independent licensed professional.
The author of this video does NOT accept liability for any investment decisions, as this video is provided only for educational and entertainment purposes. Although the author has endeavored for the information in this video to be correct and accurate, he does NOT assume liability nor does he guarantee that the data will be updated, correct and/or accurate at all times. 
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“Becoming rich is easy but most people don’t like to get rich slowly.” Warren Buffett
I don't get it, I love watching my stocks and fonds grow. I check them daily and just watch them grow. It's like having kids grow up
@@hencytjoe Did you read the "MOST" part of the quote.
not all people have the same lifespan.
I'm in my early 50s and have been working on the slow and steady approach for the last 26 years. The first 20 years were frustrating. In the last 5 years the compounding has really started to kick in.
@@HansLifee Of course, anyone can die today. Tomorrow is not guaranteed for anyone.
I got my money, working an ordinary corporate job and investing in tech stocks. I spent all my free time investigating companies and CEOs. I know many millionaires that worked an honest job, kept expenses low, and invested their surpluses in rentals and stock. .
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I wish someone talked and explained this $200 concept with me when I was 20s.
I'm sending the video to my daughters but will they watch it? That's the problem with yang people they don't think about the future only the present.
@@marcosspenner8418 that's because when people are young, many never realize how tough life can be when you don't have money to support your love ones and able to give them a choices.
Would you have listened though?
@@SKRIBLR I don't know. I have been through up and bottom in stock market. I would if you ask me now, but I can't go back in time.
Me too! Ive worked so hard my whole life!!!!
You didn't say anything new to me, and yet this video made me feel great, confirming I'm on the right track. Thank you!
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Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
Wow that's huge, how do you make that much monthly?
Sincerely speaking. I will continue to trade and stick to expert catherine daily signals and guides as long as it works well for me.
Woah for real? I'm so excited. Adriana's catherine strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
I'm new at this, please how can I reach her?"
she's mostly on Telegrams, using the user name.
....
You don‘t get rich by what you earn, but by what you don‘t spend.
I was a fool kept money in savings account for years.
Excellent video Tom! Thank you for sharing!
I know a few millionaires driving 2004 Camrys..I know a Billionaire that drives a 2011 Ford Fusion..They have other cars but never drive them to their place of business to show off in front of their employees or co workers
Must say the intro sounded like a classic scam lead-in, but very clear facts. Solid video man. Loved the disclaimer on taking care of debt first. Great job man!
LOL
I would recommend also adding a few high performing stocks to supercharge your portfolio.
Amazing video, I shared it with my son and keep telling him exactly what you preach. Thank you!!
Reading these comments glad to be 24 with 35k invested
Just hang in there when the market corrects down 30 percent or whatever.
way ahead of the curve , keep it up don’t be stupid .
@@Botoburst .....that's when you buy.
Thanks for Sharing!
My pleasure!
The magic of compounded return.
Facts
4000 Tesla shares from 2020 and I still want more
We all do lol
Oh man! Congrats! I just hit my first 1,000 shares. Of course I want more. Will keep stacking.
Fantastic . I’ve only got 3 but buying each payday 😊
This is what everyone needs to know - great video 👍🏽
Glad you think so!
Really good video!!!
Glad you think so!
I bought my first home at 24 with 20% down and then paid for it in full within 3 years after selling my first company. I've lived well below my means and retired in my 40s (after cancer).
I'm also an immigrant.
My parents also lived the American Dream on their own after working for state government and putting kids through college. They taught me to live below my means, invest my money, and to be humble.
I've bought a few toys along the way, but I could've bought much nicer toys. 😉
🤙🏽
A millionaire has assets worth at least 1 million. That's a lot of people. They get there by not spending over their means and investing instead.
💯
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Thank you brother Tom , God bless you my friend 🙏👍
You are very welcome
I like how you actually gave the information, thanks
If there’s something I can do, it’s nothing.
It’s just the way of your own “THINHING” , you got think out the box and think think think again , to create new program , to let sink in the subconscious and then new habit arises… Great video.🙏🏻🌑🌞
No, no, no. Poor people have poor people around them who keep them down. They also don't have the knowledge most often. I was that poor. I needed to shake the losers first, and then open an investment account. I opened the investment account thanks to youtube. It shouldn't have to be youtube, but school and my family/friends who lead me to investing.
Great video!!!!!!!!!!!!!!!!!!!
Thanks Tom, that was amazing, trying to educate my kids into investing at a young age
I agree with some of the things you stated. I put in 20k into various assets late last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, keep up the good work Tom.
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Would be nice to see a follow up video on stocking up on 30-40% of that investment money for when there's blood in the market and how to know when that time comes to spend it? You know, your method. Love it, use it, recommend it.
Slow and steady wins the race. Many people want instant gratification and unless you have a Midas touch it just doesn’t work that way. I don’t care if it’s stocks, business ventures or real estate. A person has to stop concerning themselves with the latest fashions, furnishings, autos etc and systematically invest as you so we’ll point out.
Good advice on debt and reserve capital also. 👍
Slow is underrated
I agree with Tom Nash.
Thanks
Enjoyed your vid - ty! I noticed you were your Univ of Michigan shirt often. Curious did you attend UMich? if so, undergrad or grad - or professor?
Great Summary Tom!
Glad you enjoyed it
Warren Buffet suggests the same approach- invest in a S&P Fund with LOW expenses.
Great info bro! Thanks!
You bet!
Stacking my Sats and XRP folks
So what we should buy now 2024
Nice when you are still young, but 30 years is not possible for me anymore.
It can still be $1,000,000 in 30 years, but there is a 0% chance that I will still be alive.
Your numbers of initial investment and monthly addition just need to increase if your time horizon goes down it’s simple math
Hi Tom, thanks again for your insights!
Regarding Dollar Cost Averaging (keeping money on the side to buy discounted stocks), how is that different from timing the market. Wouldn't it be better in the first place to just buy the stock no matter the price? As you wouldn't know when this discount opportunity might arise.
Thanks!
1994 was a particularly good year to start. If you start at the top of a bull market you get MUCH different results. Start in 2014 and you get 7.7% return. Start in 2006 and you get 5.5% annualized return. Had you started in 1987, you would only have 5.2% return annually.
The way the world 🌎 is headed and he taking about 30 years come back to reality 💯 💯💯
You'd do well to look at that chart that shows all of the scary things going on in the world and reasons the market should drop, goes back decades and decades yet all the market has done is compound and grow
Hey Tom, thanks for providing the basics about debt reduction, emergency fund building, and investment with dollar cost averaging. I work on a team that does this every day with participants in 401k plans and so many times we are having to reset expectations of people who want to try make a quick buck and time the market and we show some similar slides/data as you did about time in the market is more important than timing the market. Its not their full time job to trade stocks and they just told us they haven't looked at their accounts in years so how do you think you will be able to do research and start timing the market in your mutual fund based 401k? Most, thankfully, get it after having a conversation. Keep up the important work!
This is the best comment I’ve gotten in months 👏
Thoughts on Chewy. Looks like it’s bottomed and turning around
Great video, I try different stocks, but my portfolio seems to fluctuate without real growth.
Best headline ever Tom!! Very sneaky :)
I think so too!
Please have an interview with Luke from Stealth wealth investing since he and you are both into DCA and PLTR and TSLA. He has 105k subscribers.
Luke is great
What about MSCI world instead of S&P as core ETFs?
When it’s too good to be true….
What if I don’t want to wait 30 years.
Tom, how do we know the past will equal the future? If everyone is buying the index isn’t it likely that some companies are getting bought up that do t deserve to be ? Wouldn’t this approach eventually lead to such distortions?
Zoom out the sp500 since 1981
0 Credit Card Debt.
0 Debt
Emergency fund is 100% in Tesla.
IRA 70% in Tesla, 2nd position SOFI and 3rd is PLTR
..... How are you any different than professional portfolio managers like Allworth?
So it takes 30 years?
Expected returns important for long-term planning. Better to understate for safety
On average those S&P returns are nominal returns. No costs are taken out. Those are index returns and not index fund returns.
Nominal returns don't put food on the table. 15 yrs ending April 1985 return was 10.85% annualized but inflation was 7.05% annualized for same period.
Real returns matter. Yes cash cash sucks
Still better vs cash as you said
Buying a Toyota will not be worthless. You buy a Toyota, pay it each month on finance, then every few years, part exchange it for something better. After 30 years it would be a Ferrari
Buy 1 share of n nvdia and hold it 10 years. When it drops in half buy 1 more share. Keep till Jenson retires.
The most precious commodity in life is Time. To turn 200.00 into 1,000,000 would take 50 years. For most of us, we will be long gone by then.
The second most precious commodity is good health…. It buys time. 😃
So did U do it 30 years ago ??
Interesting. But before you start investing you have to have money for this. 200$ every month for 30 years this is not investment this is simply put your money every month into the pillow and collect it over this period of time. At the end you will have this money ;) maybe no as much but still .... ;)
Google compound interest my guy
Sadly, some people don't have an extra $200 per month and can barely make ends meet!
1,000,000 in 30 years will be worth like 200,000 today
If inflation would be 11% per year for 30 years
Tom you are right this is the best way to reach $1M. But I'm turning 40 this year and I do not have 30 years. Heck I don't know if I have 10 years 🤣For someone that is under 30 years old this is definitely the best approach to investing.
I'm 46. You're not too late if you get started NOW. But it's true, starting my 21, 18, and 17 year olds now is much better than me just now starting. The important thing is, we've started. Doing nothing until now (except for watching the market) has cost me the potential to be far more comfortable than merely saving alone. So don't worry about your age. 40 is actually pretty young these days! Just get started!!!
You’re in your 40’s. Hmmmmm……..have you heard of Doge coin, Bonk or Pepe ? 😂
@@fumanchu9701 yeah no thx 😂
@@believeroftheword4627 I started taking investing seriously around 6 years ago. If I stick to this plan I may be more comfortable at age 65. But I don't think I can retire.
You're 40, not 80. Goodness.
you are crazy! :)
Aren’t we all?
I'm not a big fan of saying instead of buying a car you should invest in stocks. Most people require a car to get to work for example.
Run 🏃🤣
@@TomNashTV this would be better for the planet .. but not for Tesla stocks 🤣
all in on Tesla $40,000. When will I be a millionair?
Tomorrow
Well was he correct was it yesterday?
I would be cautious about putting money in the stock market right now.
What if you save your money and put it in a high yield savings account
You will be protected from inflation but you won’t be able to get that 10% the index gives you
Man I would like to turn 100k in one million …. Not 200 in one million ….
Yep bit if you buy a corolla at least you can get about
In style 😎
Tom under what rock are you living Nividia will be splitting 10 for 1 in June you haven't even mentioned this in your last two updates?
Is the SP500 ticker VOO??
Yep
Wait so if each share cost about $500, then how do I invest $200. How do I buy partial shares?
Fractional shares
What if I only have 10 years ? For age issues.
95% success rate of return on the chart shown over 10 years
So no TSLA, no PLTR?
😂😂😂
things are different these days.....
This headline went off the rails quickly
Well, this video has 99.4% like to dislike ratio so far so I guess you are in the minority. I personally don’t care about titles as long as the videos are solid but it’s a personal preference I guess 🤷♂️
Is inflation going to get that bad in the near future? Aaaaahahahahahahahahaha. I just got to the part in the video where you pop the inflation joke.
Lol
We don't cook lobster slowly, we boil them lol.
I stand corrected
😂
Matter of timeline…
* per month 🤪
But in 30 years I'll be dead. If not dead, I'll be too old to enjoy it.
Then increase the initial amount and monthly amount and reduce the timeframe it’s simple math
Title should have been : 20k + monthly 200 for 30 years = millionaire! ;-)
200 to millions, buy lottery. Heheh
Ye if one buys lotteries every month during 30 years one might win big
Real estate in good areas over 15 years = 100% profitable.
Real estate in all areas are up around 400% in Ohio over the last 15 years
It doesn’t come without risk and work. It works because it is leveraged, you borrow 80-70% and the value of your loan decrease since money value (your loan) go down, inflation go up and you pay up the principle. Do you make 10% return yearely ?
put it to TSLA stock? thank you
I think Tesla in the future might be good. I've no evidence, just wouldn't bet against Elon.
A Toyota Corolla ain't good enough for a lot of people already swimming in debt.
I love these cars
Tom, toyota corolla retains 80% of its value after 5 years
I used that example on purpose to get people annoyed in the comments 🤣
You missed the point.
@@woofolliesmydog8628 no i didnt. there was no need to exaggerate, would've still made the point.
This is only for USA
Not true you can buy the VOO outside the US as well as
Okay, this may have worked for the past 30 years, but it certainly wont work for the next 30 years.
Certainly…
RUclips star 😂😂😂
Haha
I need to buy an house NOW :), and I'm 43.. cannot wait 30 years
Easy...JUST BUY NVDA
Not easy, you need to save money which 80% can't do that.
So it wasn't just 200 to 1000 000 after all
Actually it is if you are patient and disciplined
If you have 15 years left 😅
Even 5 years of investing can generate a massive leap forward
@@TomNashTV let's hope so I'm sick of getting rinsed by these massively manipulated markets
It gives you barely 250k
I don’t think you know how to use a compound interest calculator
@@TomNashTV I used S&P DCA calculator
I don't think it fits his FOMO strategy thats why broski
First
Where's the $200 into $1 million?
How to turn $92,000 into $1,000,000 over 30 years.
Get rich quick is a stupid game
@@TomNashTV30 years is quick? Haha
will not work anymore