Nice video 👍successful people don't become victorious overnight. What most people see as a glance wealth, a great career purpose is the results of hard work and hustle over time. I pray that anyone reading this will be successful in life.
I was skeptical when I locked this one as I thought I'd seen this discussion done to death about compounding however I was wrong. It might not sound like much but you have just shown me how to increase productivity for my entire team by setting targets based on the numbers to achieve what you need. Simple and what I'd thought I'd been doing for years but this kind of gave me a epiphany moment. Thanks for all you do.
Wow! Thank you. Total light buld moment as I have your budget system, a course and now interested in another course. So, I can see that I've become a customer who is buying more from you and if I can do that in my business too then I shall see the growth :)
Compounding is the real key to success over time. Excellent video. Our brains are really not wired to think exponentially because our evolution has depended on day to day survival rather than thinking long term. In order to build wealth in this way we almost have to reprogram our brains to fully appreciate the power of compounding.
Thank you - I crunched the numbers with my side hustle and I either need to diversify or go full time to have any chance of significant growth (I'm not in a position to take the gamble, unfortunately) so I guess it's time to diversify and see if I can get growth that way.
Good content, I watched a lot of videos on investing and they've all pretty much said you can't beat the market, so investing in a tracker fund is the way to go, which like you say is roughly between 7%-10%. Getting 100% return on your money year in year out, so it's doubling every year is surly impossible because you would be beating the market? Thanks 👍
Hi Jennifer, do you happen to do financial lectures or talks in and around the Glasgow area? (Fellow Weegie here!!) Your advice is amazing and much needed 😄😄
Why stop at £1m? If you've found a way to get 100% RoR every year for 10 years, just do it again for another 10 years and become a billionaire! Wish I'd thought of that sooner!
Hi Jennifer, I'm 22 years old currently earning £32k per year with no debt and £8k emergency fund. I really wanna get into compounding my money and investing but i have no idea where to start. I'm a big fan of you and Dave Ramsey but where would you recommend i start. My bills are only 1k per month so i have about 1k to invest per month, just wondering what areas i should be prioritising for investment.
It's not for me, but sounds like you might enjoy the FIRE lifestyle and 4% rule? I think Jennifer has done a video on it before 👍🏻 either way you're in a great financial position!
No joke I was in bed the other day thinking about doubling from 1k all the way up to £1Million and then I see this video lol I am trying this out with stocks, £1k to £2k, sell, find other opportunities and repeat. lets see what happens, please reply to this and if i ever reach £1Million I will come back and reply to you lol
Came across this via Pete Matthew, as good as the content is, the delivery is superb, spot in…
Nice video 👍successful people don't become victorious overnight. What most people see as a glance wealth, a great career purpose is the results of hard work and hustle over time. I pray that anyone reading this will be successful in life.
You are absolutely right. Its all about marginal gains and lots of time.
The theory is great. But in practice... ?
I was skeptical when I locked this one as I thought I'd seen this discussion done to death about compounding however I was wrong. It might not sound like much but you have just shown me how to increase productivity for my entire team by setting targets based on the numbers to achieve what you need. Simple and what I'd thought I'd been doing for years but this kind of gave me a epiphany moment. Thanks for all you do.
This is so wonderful - I wish you the greatest success with it ahead!
Wow! Thank you. Total light buld moment as I have your budget system, a course and now interested in another course. So, I can see that I've become a customer who is buying more from you and if I can do that in my business too then I shall see the growth :)
Glad it was helpful!
Thank you for this extremely informative tutorial
Such an interesting concept!
Great video as usual Jennifer
Compounding is the real key to success over time. Excellent video. Our brains are really not wired to think exponentially because our evolution has depended on day to day survival rather than thinking long term. In order to build wealth in this way we almost have to reprogram our brains to fully appreciate the power of compounding.
Thanks Jennifer.
Love this channel, thank you so much for all the effort.
Glad you enjoy it!
Thank you - I crunched the numbers with my side hustle and I either need to diversify or go full time to have any chance of significant growth (I'm not in a position to take the gamble, unfortunately) so I guess it's time to diversify and see if I can get growth that way.
and you have to ask yourself is it worth the risk taking a gamble when theres so much at stake, thats what puts me off from all this
Good content, I watched a lot of videos on investing and they've all pretty much said you can't beat the market, so investing in a tracker fund is the way to go, which like you say is roughly between 7%-10%.
Getting 100% return on your money year in year out, so it's doubling every year is surly impossible because you would be beating the market? Thanks 👍
Some wise words there. I agree. ETFs make a lot of sense
@@TheCompoundingInvestor . Thanks, I think some people get 25% ROI within property, of course that can be quite hands on.
Needless to say, you had the last laugh.
What are some UK bank accounts that give compound interest?
You need an investment acct. Something like a Vanguard Life Strategy fund.
Thats a great way to put it
Love this - never considered the 3 cog money Machine method
Glad it was helpful!
Yes I would like tuition from you.. plse fizz
Great to see how the channel is doing. Been following for a while. Good to see the growth
Appreciate it!
We love mamafurfur ! Thank you for making these videos !
Glad you like them!
Can I miss out the first 9 steps and just get the million?( I'm lazy)
So it takes me ten years to go from £100 to £200? Great! I can be a millionaire by the time I'm 5,482 years old...
Hi Jennifer, do you happen to do financial lectures or talks in and around the Glasgow area? (Fellow Weegie here!!) Your advice is amazing and much needed 😄😄
You never know.....one day!
God damn! It makes the impossible achievable! 👍
Not everyone in the stock market gets 7.2% return. I'm down 60% on some stocks 😂
And for starting a business, you need an idea first 🤷♂️
Sometimes when we can find many reasons not to try something straight away, that is exactly why we should see if we can make it work :)
Why stop at £1m? If you've found a way to get 100% RoR every year for 10 years, just do it again for another 10 years and become a billionaire! Wish I'd thought of that sooner!
Very good point!
What's a Vanguard account?
Plse do for me
Thank you for explaining this so clearly.
I started my etsy shop in July, trying to grow it organically. Hopefully I will apply these principles.
You're very welcome!
Hi Jennifer, I'm 22 years old currently earning £32k per year with no debt and £8k emergency fund. I really wanna get into compounding my money and investing but i have no idea where to start. I'm a big fan of you and Dave Ramsey but where would you recommend i start. My bills are only 1k per month so i have about 1k to invest per month, just wondering what areas i should be prioritising for investment.
Open a vanguard account. You’ll be retired at 45.
That’s a great salary and you’re watching this , you will definitely be a millionaire if you stay focused .
It's not for me, but sounds like you might enjoy the FIRE lifestyle and 4% rule? I think Jennifer has done a video on it before 👍🏻 either way you're in a great financial position!
What's a vanguard account?
No joke I was in bed the other day thinking about doubling from 1k all the way up to £1Million and then I see this video lol I am trying this out with stocks, £1k to £2k, sell, find other opportunities and repeat. lets see what happens, please reply to this and if i ever reach £1Million I will come back and reply to you lol
Replying absolutely - here's to your success and make sure you do good in the world as you build up to it.
I’m gonna be a millionaire within 10 years
Can't wait to see that happen - go for it!