THE EDITING IS 100! I wish we had a UK version of this channel! I have learnt so much from this channel but some stuff do not apply because I am based in the UK.
Even in Germany things are way different, we don't lose retirement funds trough stock crashes but trough demographic change (and loosing European support and migration).
Investing wasn’t even a thought when I was a young teenager. That exposure is so important! I started investing in the same way. 401k & a small brokerage account! -Akeiva
Love this video! When my daughter started working (minimum wage), I told her whatever she put in savings, I would match. She loved watching it grow and also learned about the lousy interest rates on bank accounts.
I can testify to everything said in this video. I started my financial journey in earnest last August and my investing strategy is basically everything she described. Sure, my gains are coming in slowly but I'm in for the long haul. Also, to add to what she said, be careful of starting your investments in earnest before your emergency fund is sorted. I started investing last year, and while I'm glad I did, my goal this year to put a pause on that until my emergency fund is sufficiently funded.
No mention of a Roth IRA? If she's contributing more than the amount her employer matches into her 401(k), she should be putting that difference into a Roth IRA instead. With a 401(k) you are limited to the accounts that your employer's plan offers, but in a Roth IRA you can choose the brokerage and the funds you want to invest in.
WOOOOW THIS VIDEO HIT HOME!!! so perfect! I'm 31 and this is my situation making less than 30k a year, living in new Jersey. The crazy part I'm on track to retire by 35 latest 40, my difference I decided to learn about money fully. Did research on real estate did 4 wholesale deals with the funds paid off my worthless college debt thank god!!.😑 (school was a complete waste for me) whatever I had left over found a mentor to teach me how to day trade, then he set me up with a prop account for a least a year. And this very moment after closing my prop account went straight to Robin hood and applied my knowledge started last September of 2018 and within the end of the year my account was already over 15% its march an I'm already close to 18% total. Since I live a SUPER frugal lifestyle by july of this year I'll have enough I'll have enough saved to buy an investment property, I'll most likely will be living in my parents house🤣 still.
16, working at McDonalds and saving for minimise my inevitable student debt in case I don't make it onto a degree apprenticeship. So far my savings are just with my bank, so this was really useful :)
Dual enroll to not spend on unnecessary classes. Look for scholarships. Go to a local community college until they don't offer the higher classes a university has
This is some serious work. I love the way this video is executed and thought of. Making it work gets it done. If you want to change your financial situation and be better for yourself or your family, you need to make everything work and get to your plan. Such an inspirational video.
Marty D Agreed, probably a university. I work for a university that used to match 10%, they just recently decreased it to 8%. I’m only required to invest 3%.
Sooo... this video is amazing and broke terms down in a clear and concise way! The editing is so cute too! I've wanted to learn more about investing and after watching this feel ready to dip my toe in! Thanks so very much 💡💜
Michelle Cox Photography Buy some ETFs right now, and then start reading books like the “Intelligent Investor” from Graham before buying real stocks. Or just buy ETFs if you don’t have time to become an expert investor.
Thank you for these videos! But so far, my options have been very limited especially since my country only have one ETF in the market. Basically, everyone either place their money on blue-chip stocks or government retail bonds.
See Mr. Kilby below. Also, it is nearly certain that you will become a millionaire. It won't mean as much by that time but you will. It is probable that by fifty, you can afford to retire if you want to enough. If you have children the time to discuss investing and interest is about 10 or 11. Schools won't. It is up to you. It is astounding what paper route (remember newspapers?) can turn into after 45 years.
Do some research on the psychology of cults, religions and MLMs and tell me if they differ from one another. Look up videos of ex-MLM members and see what they have to say. Why did they leave if the MLM is meant to be so good?
Avoid them. Half of the people WILL get screwed. For example, Person A signs up B and C; then, B and C then sign up, respectively, D/E and F/G. A through G = seven people, but D through G will need to find eight new people to sign up. Even if a wildly successful company managed to convince every person on Earth to sign up - that last level of people looking for new recruits would make up 50% of the world's population. MLM is not sustainable if it requires you to sign up new people to make the big bucks. If you get in early, you might make some money - but you do so knowing that a lot of people who sign up will not be able to make any money. In my opinion, It's one thing to sell a product; it's another to sell opportunities to make money when you know that you're just trying to pass the losses on to the next person in line.
I hated the new introduction of this video I like people like Chelcy to introduce the topics. I also have to admit, although I don’t live in the states and the some of US people finical habits don’t apply in my case ,but TFD has influenced how I look at money in every way. Thanks OXOX
So you actually make 42 thousand a year, yep taxes takes alot away. What job gave you a 401k? Mist jobs don't have that. What bank gives you a refund? And who can invest when they can not pay for food?
Check out the changes one woman made to save herself $700/year: ruclips.net/video/xH2y_4JKLwg/видео.html.
I LOVE this editing style. This video could have been about literally anything and I still would have been mesmerized.
It looks like an ad. Direct response style.
THE EDITING IS 100! I wish we had a UK version of this channel! I have learnt so much from this channel but some stuff do not apply because I am based in the UK.
Financial videos are so popular today all over the world, I'm pretty sure there are some made by British youtubers
Exactly! Talk about Greece... I feel that our financial options here are so much fewer than in other parts of the world.
Even in Germany things are way different, we don't lose retirement funds trough stock crashes but trough demographic change (and loosing European support and migration).
That's how I feel and I'm in Canada.
Very good editing, I noticed that too
Investing wasn’t even a thought when I was a young teenager. That exposure is so important!
I started investing in the same way. 401k & a small brokerage account! -Akeiva
Love this video! When my daughter started working (minimum wage), I told her whatever she put in savings, I would match. She loved watching it grow and also learned about the lousy interest rates on bank accounts.
This is a great idea!!!!
I can testify to everything said in this video. I started my financial journey in earnest last August and my investing strategy is basically everything she described. Sure, my gains are coming in slowly but I'm in for the long haul. Also, to add to what she said, be careful of starting your investments in earnest before your emergency fund is sorted. I started investing last year, and while I'm glad I did, my goal this year to put a pause on that until my emergency fund is sufficiently funded.
Just an hour ago I asked myself "How can I get into investing?" and this marvelous video pops up! What beautiful timing! Thank you so much!!!
No mention of a Roth IRA? If she's contributing more than the amount her employer matches into her 401(k), she should be putting that difference into a Roth IRA instead. With a 401(k) you are limited to the accounts that your employer's plan offers, but in a Roth IRA you can choose the brokerage and the funds you want to invest in.
Wow!! You need to be on this channel. I love learning about investing.
The paper sound.
This is EXACTLY what I needed to know!!! I was so confused on where to start!!! Thank you for giving me a clearer start!!!
WOOOOW THIS VIDEO HIT HOME!!!
so perfect! I'm 31 and this is my situation making less than 30k a year, living in new Jersey.
The crazy part I'm on track to retire by 35 latest 40, my difference I decided to learn about money fully. Did research on real estate did 4 wholesale deals with the funds paid off my worthless college debt thank god!!.😑 (school was a complete waste for me) whatever I had left over found a mentor to teach me how to day trade, then he set me up with a prop account for a least a year.
And this very moment after closing my prop account went straight to Robin hood and applied my knowledge started last September of 2018 and within the end of the year my account was already over 15% its march an I'm already close to 18% total. Since I live a SUPER frugal lifestyle by july of this year I'll have enough I'll have enough saved to buy an investment property, I'll most likely will be living in my parents house🤣 still.
16, working at McDonalds and saving for minimise my inevitable student debt in case I don't make it onto a degree apprenticeship. So far my savings are just with my bank, so this was really useful :)
Dual enroll to not spend on unnecessary classes. Look for scholarships. Go to a local community college until they don't offer the higher classes a university has
Flo sounds brilliant, but I’m in the UK and none of those things are really a thing here :(
This is some serious work. I love the way this video is executed and thought of. Making it work gets it done. If you want to change your financial situation and be better for yourself or your family, you need to make everything work and get to your plan. Such an inspirational video.
What is this company that matches 7%?!
Academia/higher education. I've worked at 2 universities that automatically contributes 5% and then matches up to 5%.
Marty D Agreed, probably a university. I work for a university that used to match 10%, they just recently decreased it to 8%. I’m only required to invest 3%.
My company matches 6%
Nonprofit. My first job gave 10% no employee contribution required. My current gives an automatic 6%.
I worked for a university and if I gave 5%, they gave 10...
“Set it and forget it” - definitely!
Pennypinching and investing that money is one of the best ways to make a little bit of extra money. 🔥🔥🔥
Sooo... this video is amazing and broke terms down in a clear and concise way! The editing is so cute too! I've wanted to learn more about investing and after watching this feel ready to dip my toe in! Thanks so very much 💡💜
I love the sounds.
Great tips here! I need to start investing this year... Hopefully before the end of 2019!
buy a stock by the end of the day, not the end of the year. You've got this
Michelle Cox Photography Buy some ETFs right now, and then start reading books like the “Intelligent Investor” from Graham before buying real stocks. Or just buy ETFs if you don’t have time to become an expert investor.
I heard that Bonds should not be in a Roth IRA. So, are bonds better invested in a Tax, or Tax Deferred, or Tax Free? Thanks.
We love this series! Keep it going!
Very interesting!!! Thank you.
Love these kinds of videos, keep them coming!
Thank you for these videos! But so far, my options have been very limited especially since my country only have one ETF in the market. Basically, everyone either place their money on blue-chip stocks or government retail bonds.
Finally, someone using relateable numbers.
*Huge advise!!* 😎😎 Thanks!!!
I LOVE THESE TYPES OF VIDEO!!!!!!!!
Nice way to explain investment with colorful animations. Thanks Chelsea and team.
Stock market investing is not technically compound interest.
See Mr. Kilby below. Also, it is nearly certain that you will become a millionaire. It won't mean as much by that time but you will. It is probable that by fifty, you can afford to retire if you want to enough. If you have children the time to discuss investing and interest is about 10 or 11. Schools won't. It is up to you. It is astounding what paper route (remember newspapers?) can turn into after 45 years.
Where is the WS link?
Wealth simple in not in Australia, do you know what apps are good over here?
After the initial 500 you invest in wealthsimple, is there a minimum amount you have to contribute each month?
I'd love to make 37k.
Here in Greece if someone has 37000 salary is considered extremely rich
same in Hungary.
In theUS a loaf of bread is $4+
Frank Hatstat in 🇬🇷 most people have a 15000€ salary/ year or maybe less
I think you should take a look at purchasing power parity instead of just convert it into your currency 😃
Really 😲
Hi, what are your thoughts on multi.level marketing? Could you perhaps do a video about it? Thank you. :)
Do some research on the psychology of cults, religions and MLMs and tell me if they differ from one another. Look up videos of ex-MLM members and see what they have to say. Why did they leave if the MLM is meant to be so good?
Scams.
Avoid them. Half of the people WILL get screwed.
For example, Person A signs up B and C; then, B and C then sign up, respectively, D/E and F/G. A through G = seven people, but D through G will need to find eight new people to sign up.
Even if a wildly successful company managed to convince every person on Earth to sign up - that last level of people looking for new recruits would make up 50% of the world's population.
MLM is not sustainable if it requires you to sign up new people to make the big bucks. If you get in early, you might make some money - but you do so knowing that a lot of people who sign up will not be able to make any money.
In my opinion, It's one thing to sell a product; it's another to sell opportunities to make money when you know that you're just trying to pass the losses on to the next person in line.
6:35 No excuses? I have one. I don't live in one of the 3 countries Wealth Simple supports.
Yes, you get $50 with a $500 minimum deposit.
4:52 who the hell writes like that?!
anyway great video
She was sketching something, not writing.
@@bebop504 who the hell sketches like that lol
I've done it before. Do not recommend it, but in a pinch, it does the job
I'm gonna have to wait until I'm 18 to do all of this (I turn 18 in 5 months).
Your parents can open an account on your behalf, you can manage it when you turn 18.
How about a $20,000 salary with 4 kids?
I hated the new introduction of this video I like people like Chelcy to introduce the topics.
I also have to admit, although I don’t live in the states and the some of US people finical habits don’t apply in my case ,but TFD has influenced how I look at money in every way. Thanks OXOX
I'm getting by on a €1100 salary :x
The video is great but I can’t stand the paper crinkle noises with every image :(
Step 1: Be financially comfortable.
Step 2: Invest.
Step 3: ???????
Step 4: PROFIT!!!
3. Is invest with Wealth Simple. It's an ad.
Is it weird that I recognize this narrator's voice from another video and wonder where she's gone?
So you actually make 42 thousand a year, yep taxes takes alot away. What job gave you a 401k? Mist jobs don't have that. What bank gives you a refund? And who can invest when they can not pay for food?
What if you only make 22k salary lol
Create a path which includes goals of professional self-improvement to get you to a higher salary!
Or 11,000 a year
"I may not be a millionaire"
Um, if you keep this up you'll be a millionaire by age 40
step one: buy airpods
laughs in 2020!
This is an extremely basic overview of investing and has nothing to do with making do with a 37k salary.
this feels so condescending,... just getting used to missing that money every month is not feasible for nearly everyone I've ever met
I don't like this style of video at all, it makes me cringe. But the content was good and interesting