Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Certainly not, as I've diligently monitored the progress of my portfolio and have observed a remarkable growth of $482,000 in just the past two quarters. This journey has enlightened me about the strategies that skilled traders employ to achieve substantial profits even in seemingly volatile markets. Undoubtedly, it's been a bold and highly rewarding decision I made relatively recently.
"Margaret Johnson Arndt" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market
Curious, I’d be retiring/working much less in 5 years and want to know best how people split their pay, how much of it goes into savings, spendings or investments? I earn around $150k per year, but nothing significant to show for it yet.
@CarrFreeman bravo! i am 34, inherited money from a childless relative, traveled overseas and got married afterwards, only issue is how to preserve and grow my wealth in this shaky economy, could you be kind enough with info of your adviser please?
@CarrFreeman thank you for putting this out, it has truly rekindled the fire to my goal... curiously copied and pasted her full name on my browser, spotted her site immediately, and was able to send my message across, she seems very professional.
At 30 years of age I was married to my soul mate, had 2 kids, a stable job that I loved and a big house. Add to that a couple of dogs and 6 horses, and I had a negative net worth. I didn't know it at the time because of all the stress, but those were the best years of my life. At 47 my wife had died. At 48 both my kids were grown and moved out. At 57 I became a millionaire. My net worth increases by about $100,000 per year solely through my investment growth. At 59 my net worth is $1.2 million. With no inherentance and retired. I have no money problems, and it has been a fun ride, but I'd give it all up for the life I had at age 30 again.
@passive101 I believe that is true but I can tell you that at the age of 59, most women in the USA still don't want you even with money. I might be checking out the Philippines soon.
Damn man that hit me. Thanks for sharing. I’m 38 and get caught up in looking ahead in life and focusing on wealth accumulation when I need to slow down and enjoy the moment more. Currently married with 2 young daughters and although there are many sleepless nights I’m sure to these are the best years of my life. Cheers
It’s not a race against other people but it is a race against yourself. Large amounts of money are much more valuable when you’re younger than when you’re older. You can have more fun with the money when you’re younger, you can see larger returns from the money when you’re younger, and the money just means more when you’re younger.
Strategic investments are crucial. My ideal investment is a varied portfolio of stocks, bonds, and ETFs. It provides an excellent long-term return and has performed admirably thus far, but I needed to diversify my portfolio at some point, so I approached a coach who devised a system that aligned with my goals; so far, I've made a whopping $580k, and scaling my portfolio to a million by the end of the year does not appear too far-fetched to me.
Maria Leticia Monroe is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I simply googled her and was really impressed with her qualifications; I contacted her since I needed all the help I could get. I've just scheduled a CAII.
I didn't know that the millionaire status by 30 was really something that a lot of young people were worried about beyond the "wouldn't it be nice" mindset. There's a reason why everyone pays attention to people who become millionaires in their young age: because it's rare.
I dont want a million. I just want my debt paid and a little bit to just support myself and i can work on the rest. Frankly that would be roughly 35k-40k and id be fine.
Because of a large inheritance from his grandfather and our annual contributions to our son’s investment portfolio, he was a genuine millionaire by 26. He became a multimillionaire at 30. Life is good!! 👍👍👍👍
I think financial influencers on RUclips are a large part of this trend. The truth is, however, that a lot of them didn't get rich by doing what they teach in their courses. Rather, a lot of them got rich by selling courses on how to build wealth or some sort of business course. Basically, they faked it until they made it.
Why is your goal to be a millionaire in 1983 dollars? I get that it's 40 years ago, but nobody has the goal to be a millionaire by 40 when they were born.
1M in today dollars is still enough, that's between 80-120k / year extra investable income... Just plan for a 7% return and you'll hit 1M early and then 1M in todays dollars by the time you hit that age.
I spent my whole 20's chasing wealth. I ended up learning so many valuable lessons along the way. Now I'm in my early 30's changing my perspective on life. I'm still in pursuit of riches, but I'm learning the importance of being happy in all areas of my life, not just financial.😊
Just saw that the top 10% of households make $175k per year. There are a lot of over spent people out there with big houses, fancy SUVs, that are struggling with debt.
This video is cope to eliminate competition. Accumulate as much money as you can as fast as you can so you don’t have to waste your life. We’re not on earth that long and the faster you can get money, the sooner you can live life the way you want.
My personal perspective: I have an old email from May 15 2010 that I composed to myself indicating I had $150,000 in my 401k and was doing a good job and to keep it up after 10 years of working. Then 12/31/2021 it was at a record high of $1,309,000.00 even though I left that job and stop contributing around August 2019 to that 401k account.....about 10 years later . All I did was max my 401k each year. That account today is 7% below the record high. Compounding interest is magical folks.....
I remember when my 401k went over 1M and peaked around 1.1M around 12/31/21 then 2022 happened 😂 suddenly I wasn’t a 401k millionaire anymore. It’s at $1,050,000 as of 9/2023. I also max mine out every year.
Count yourselves lucky you invested in the US market. UK equities have had very average returns for 20 years. Compounding is al good but the dip in the market of 2022 wiped out tens of thousands of my fund growth that hasn’t really recovered. My new adviser is now more invested into US stocks which will hopefully help in future. Ive got around $750k invested, which is only as high as it is, mainly due to having a very high income for the past 4 years to be able to invest a lot.
Very good video. And it’s true, not everything in life is about accumulating money. There are other things that are far more important, like family for instance. Moderation is key!
Can you please do a video on the TSP for military vets what’s the best option to place funds to become a million air after 20 years of service right now I have Tsp contributions as of 10/2023 L2055 5% C fund 75% S fund 10% I fund 10%
I started investing when I was 18, primarily through sweat equity. I just turned 26 and last month my passive income passed the $100,000 mark for the month for the first time. This is solid advice! DO IT! You don't have to get rich quick, you just have to get RICH no matter what.
Understanding personal finance and investing will likely lead to greater financial independence. By being knowledgeable about money and investing, people can make informed decisions about how to save, spend, and invest their money. I know of someone who made over $350k in this recession influenced market, but to my knowledge it was through a financial advisor.
Having a financial advisor can really make a big difference, especially in a market like this. Stocks are a bit shaky at the moment, but with proper analysis, you should be okay. I've seen stories of people making over $250k in just weeks or months, so there's definitely wealth transfer happening if you know where to look. Personally, I've been using a financial advisor since 2019 and my portfolio has grown to $1.6M. It's been quite a journey!
Hey Jan, Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
The thing is, I really don't like giving such recommendations. Conduct your due diligence. I have been working with "JILL MARIE CARROLL" for about four years now and she has had decent returns. If it is at your discretion, you can proceed.
Thanks Jan, This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you once more for sharing.
Let's assume you graduate college at 22 you would have to invest $8k per month to be a millionaire by 30. Millionaire by 40 means saving $2,100 per month since 22 years old (all assuming 8% rate of return and that you do not own anything else like a house). 22-45 saving $1,300 per month you will be a millionaire. 22-49 saving $875 per month you will be a millionaire (might be doable). It's not easy and buying new cars every few years will make it harder. I'm 38 and should be a millionaire by 41 or 42.
Does RUclips only allow creators to make chapters once they have hit a certain amount of views? “Chris Invests’ is the best videos on here without Chapters.
As far as timetables go, all you can do is all you can do. If you are investing the maximum that you can in appropriate investments, you are going full speed ahead in the correct direction. Since there is nothing more that you can do, everything else is outside of your "Circle of Influence," so you should not worry about it.
As far as I know, that's the only way to measure it. Take your assets and subtract your liabilities. If that number totals one million or greater, you're a millionaire.
@@1981lashlarue It should be liquid cash.... stocks, bonds, checking, savings, physical dollars and change BUT someone decided to make it a net worth thing....
@@donaldlyons17 Why? Sounds like you're trying to make it a liquid cash thing. What if I have $1 million in cash but I'm $700,000 in debt? Am I still a millionaire?
Money buys health. Money buys GOOD food for your health. Money buys a roof over your head. Money buys the things you need to take care of yourself in the best way possible. Id say it’s pretty important to have money. I mean look at the other comment with the guy who’s wife died at 47. Maybe if he had more money he could of had enough to have her health taken care of.
I wasted my 20s chasing a quarter of it. At the cost of a social life and ignoring family arrangements, I question whether it was or not since it's either hoard till 40 or blow up the quarter to get a social life. Questioning the whole "social life" and society's standards. Something seems off. @@1981lashlarue
@@1981lashlarue I'm only about a 10th of the way there at 40 years, 4 months. Hindsight being 20-20, there are plenty of times in the past 10 years having 1,000,000 would have been useful.
It's refreshing to see a more holistic view on success. The part about the "life of the party" vs. "Workaholics" really hit home. We often get so caught up in societal benchmarks that we forget success is deeply personal. Also, the shoutout to the 9-to-5 grind was much needed. It's not about the money, but the journey and balance in life. Thanks for this reality check! 🙌🌟
I realized that the secret to making a million is making better investment. I bought my 1st home at 21 for 87k sold for 197k, 2nd home 170k and sold for 320k, 3rd 300k and sold for 589k and buyers paid all closing costs expenses etc Not making up to a million before retirement is unfulfilled retirement.!!
I started out with a Financial Advisor called *”Janet Santa Sherry”*. Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor..
I have been also working with him, Chris combines his expertise in finance with personalized strategies tailored to your financial goals. It's been a game-changer for me. CHRIS RYAN STEWART is CFP responsible for my portfolio success. He has a private client base, you can confirm him on the internet, regulation and all
The amount of money you make is insignificant. When we're talking about millionaire status, we're referring to net worth, which is calculated by subtracting the value of your debts from the value of your assets. If that number is $1,000,000 or over, you are considered a millionaire.
@@rubygreen1249 No your original question was the right one.... I think you mean cash millionaires that own their homes etc. with little or no debt upon selling everything. Well it can't really be that many because the median income is about 50K which means in 40 years many don't make more than 2 million total.
Your videos on investment strategy are informative and inspiring. It is critical to diversify your portfolio and consider the long-term goals of successful investing. Thank you for sharing your expertise!"
True, you dont need to be, but it really improved my lifestyle as a millionaire. I became a millionaire when I turned 22, and have been able to make numerous investments to further improve my wealth. I now go on 2-month long holidays every year (except during COVID) with my boyfriend.
Why is that a problem? Having a million at 30 is an amazing start. It doesn't mean you can quit working and spend the next 60 years living comfortably while raising a family.
I mean this in a caring way, but it seems like you suffer from low self worth and insecurity. I’ve know a fair number of ridiculously wealthy people, and money seems to make low self esteem worse. Now not only do you not like yourself, but if anyone else does like you, you think it’s just for your money. This narrative becomes more ingrained and toxic over time. Don’t worry about the millions, just get yourself to a place that you know and love your strengths and weaknesses. Look for a partner that loves them too. The millions can be built together. In theory the self esteem could but in practice it doesn’t ever seem to.
Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Certainly not, as I've diligently monitored the progress of my portfolio and have observed a remarkable growth of $482,000 in just the past two quarters. This journey has enlightened me about the strategies that skilled traders employ to achieve substantial profits even in seemingly volatile markets. Undoubtedly, it's been a bold and highly rewarding decision I made relatively recently.
"Margaret Johnson Arndt" serves as my advisor, bringing extensive qualifications and experience in the financial market. Her deep understanding of portfolio diversity positions her as an industry expert. I suggest delving into her credentials for further insight. With her considerable experience, she offers valuable guidance to anyone seeking to navigate the complexities of the financial market
Curious, I’d be retiring/working much less in 5 years and want to know best how people split their pay, how much of it goes into savings, spendings or investments? I earn around $150k per year, but nothing significant to show for it yet.
its never too late to consider financial planning, never can tell what the future holds
@CarrFreeman bravo! i am 34, inherited money from a childless relative, traveled overseas and got married afterwards, only issue is how to preserve and grow my wealth in this shaky economy, could you be kind enough with info of your adviser please?
@CarrFreeman thank you for putting this out, it has truly rekindled the fire to my goal... curiously copied and pasted her full name on my browser, spotted her site immediately, and was able to send my message across, she seems very professional.
At 30 years of age I was married to my soul mate, had 2 kids, a stable job that I loved and a big house. Add to that a couple of dogs and 6 horses, and I had a negative net worth. I didn't know it at the time because of all the stress, but those were the best years of my life.
At 47 my wife had died. At 48 both my kids were grown and moved out. At 57 I became a millionaire.
My net worth increases by about $100,000 per year solely through my investment growth. At 59 my net worth is $1.2 million. With no inherentance and retired.
I have no money problems, and it has been a fun ride, but I'd give it all up for the life I had at age 30 again.
That's a rough one man. Hopefully you can live the rest of your life in peace.
Thanks for sharing. Peace🙏
@passive101 I believe that is true but I can tell you that at the age of 59, most women in the USA still don't want you even with money. I might be checking out the Philippines soon.
@@passive101Than you choose the wrong person. I would rather not get married at all than marry a looser.
Damn man that hit me. Thanks for sharing. I’m 38 and get caught up in looking ahead in life and focusing on wealth accumulation when I need to slow down and enjoy the moment more. Currently married with 2 young daughters and although there are many sleepless nights I’m sure to these are the best years of my life. Cheers
It’s not a race against other people but it is a race against yourself. Large amounts of money are much more valuable when you’re younger than when you’re older. You can have more fun with the money when you’re younger, you can see larger returns from the money when you’re younger, and the money just means more when you’re younger.
I’d replace “younger” with “healthy” and “older” with “unhealthy” and there you go
I’m under pressure to grow my reserve that currently holds about $500k. I’m down by 20% already following the crash and I fear I could lose more.
Strategic investments are crucial. My ideal investment is a varied portfolio of stocks, bonds, and ETFs. It provides an excellent long-term return and has performed admirably thus far, but I needed to diversify my portfolio at some point, so I approached a coach who devised a system that aligned with my goals; so far, I've made a whopping $580k, and scaling my portfolio to a million by the end of the year does not appear too far-fetched to me.
I am sincerely committed to securing a stable financial future and am excited to participate.
Maria Leticia Monroe is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I simply googled her and was really impressed with her qualifications; I contacted her since I needed all the help I could get. I've just scheduled a CAII.
I didn't know that the millionaire status by 30 was really something that a lot of young people were worried about beyond the "wouldn't it be nice" mindset. There's a reason why everyone pays attention to people who become millionaires in their young age: because it's rare.
Whew! That's a relief... my piggy bank was starting to sweat! 😂🐖
I love this video you created. You define the true meaning of success & you appreciated the traditional 9-5 job. Thanks
I dont want a million. I just want my debt paid and a little bit to just support myself and i can work on the rest. Frankly that would be roughly 35k-40k and id be fine.
Well. You don’t need to eat 3 times a day either
Life's about joy, growth, and meaningful experiences, not just the zeros in your bank account. Embrace the journey!
Because of a large inheritance from his grandfather and our annual contributions to our son’s investment portfolio, he was a genuine millionaire by 26. He became a multimillionaire at 30. Life is good!! 👍👍👍👍
The thing is a lot of us can’t necessarily retire a millionaire, we have to retire a multimillionaire because of inflation
Is easily attainable if you invest in stocks for example on time and reinvest your dividends for decades with compounding interest you’ll get there.
@@jovna5315 I have maxed my 401k and Roth IRA ever since I started working at age 23
I think financial influencers on RUclips are a large part of this trend. The truth is, however, that a lot of them didn't get rich by doing what they teach in their courses. Rather, a lot of them got rich by selling courses on how to build wealth or some sort of business course. Basically, they faked it until they made it.
In real terms, 1 million dollar in 1983 is 3.4 million in 2023. So, we need to be 3.4 million rich by 40th birthday.
Why is your goal to be a millionaire in 1983 dollars? I get that it's 40 years ago, but nobody has the goal to be a millionaire by 40 when they were born.
1M in today dollars is still enough, that's between 80-120k / year extra investable income... Just plan for a 7% return and you'll hit 1M early and then 1M in todays dollars by the time you hit that age.
I spent my whole 20's chasing wealth. I ended up learning so many valuable lessons along the way. Now I'm in my early 30's changing my perspective on life. I'm still in pursuit of riches, but I'm learning the importance of being happy in all areas of my life, not just financial.😊
Slowly but surely wins the race, the secret is to start as early as possible to let compound interest work its magic.
Very reassuring video, thanks. 👍
Just saw that the top 10% of households make $175k per year. There are a lot of over spent people out there with big houses, fancy SUVs, that are struggling with debt.
This video is cope to eliminate competition. Accumulate as much money as you can as fast as you can so you don’t have to waste your life. We’re not on earth that long and the faster you can get money, the sooner you can live life the way you want.
Hedonic treadmill
My personal perspective: I have an old email from May 15 2010 that I composed to myself indicating I had $150,000 in my 401k and was doing a good job and to keep it up after 10 years of working. Then 12/31/2021 it was at a record high of $1,309,000.00 even though I left that job and stop contributing around August 2019 to that 401k account.....about 10 years later . All I did was max my 401k each year. That account today is 7% below the record high. Compounding interest is magical folks.....
I remember when my 401k went over 1M and peaked around 1.1M around 12/31/21 then 2022 happened 😂 suddenly I wasn’t a 401k millionaire anymore. It’s at $1,050,000 as of 9/2023. I also max mine out every year.
Count yourselves lucky you invested in the US market. UK equities have had very average returns for 20 years. Compounding is al good but the dip in the market of 2022 wiped out tens of thousands of my fund growth that hasn’t really recovered. My new adviser is now more invested into US stocks which will hopefully help in future. Ive got around $750k invested, which is only as high as it is, mainly due to having a very high income for the past 4 years to be able to invest a lot.
Very good video. And it’s true, not everything in life is about accumulating money. There are other things that are far more important, like family for instance. Moderation is key!
Can you please do a video on the TSP for military vets what’s the best option to place funds to become a million air after 20 years of service right now I have Tsp contributions as of 10/2023
L2055 5%
C fund 75%
S fund 10%
I fund 10%
I started investing when I was 18, primarily through sweat equity. I just turned 26 and last month my passive income passed the $100,000 mark for the month for the first time. This is solid advice! DO IT! You don't have to get rich quick, you just have to get RICH no matter what.
Understanding personal finance and investing will likely lead to greater financial independence. By being knowledgeable about money and investing, people can make informed decisions about how to save, spend, and invest their money. I know of someone who made over $350k in this recession influenced market, but to my knowledge it was through a financial advisor.
Having a financial advisor can really make a big difference, especially in a market like this. Stocks are a bit shaky at the moment, but with proper analysis, you should be okay. I've seen stories of people making over $250k in just weeks or months, so there's definitely wealth transfer happening if you know where to look. Personally, I've been using a financial advisor since 2019 and my portfolio has grown to $1.6M. It's been quite a journey!
Hey Jan, Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
The thing is, I really don't like giving such recommendations. Conduct your due diligence. I have been working with "JILL MARIE CARROLL" for about four years now and she has had decent returns. If it is at your discretion, you can proceed.
Thanks Jan, This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you once more for sharing.
Let's assume you graduate college at 22 you would have to invest $8k per month to be a millionaire by 30. Millionaire by 40 means saving $2,100 per month since 22 years old (all assuming 8% rate of return and that you do not own anything else like a house). 22-45 saving $1,300 per month you will be a millionaire. 22-49 saving $875 per month you will be a millionaire (might be doable). It's not easy and buying new cars every few years will make it harder. I'm 38 and should be a millionaire by 41 or 42.
Great Video
what you want to get to is no debt and earning enough of the dividend returns on your investments to support you financially.
Great content
Please read Victor Frankel.
With $4000 a month in passive income I’ll be retired. I’m half way there thankfully at 33
Does RUclips only allow creators to make chapters once they have hit a certain amount of views? “Chris Invests’ is the best videos on here without Chapters.
I disagree, you'll make a lot more friends at Soho House if you're a millionaire before age 27.
Not a race, but most videos I’ve seen talk about getting to 100k as quick as you can.
My friend Elon says the best way to get rich is to be born in a wealthy family.
If you're unlucky, just marry someone rich. Jackpot!
I want to be a millionaire by 40, don't really care if it's ambitious.
I do Chris… I truly do…
You need to learn the difference between wants and needs.
Welp, someone’s gotta flip Top G’s burgers 💁♂️
That's good, because I'm 42.
these days... i be happy with owning a home, forget millionaire !!
Its good to know I don't have to get there by 40, because I'm not there.😅
I cant even be a hundredaire
I want my money NOW
I’m 30 in 3 years i don’t even have 10k
Rephrase your statement, i'm 27 with 40 years of earnings ahead of me. You can have 100k in 3 years. I made 100k from 27 to 30, you can too.
As far as timetables go, all you can do is all you can do. If you are investing the maximum that you can in appropriate investments, you are going full speed ahead in the correct direction. Since there is nothing more that you can do, everything else is outside of your "Circle of Influence," so you should not worry about it.
Bro,
most americans don't have money for a 1k emergency. Where are you hearing people taking about having 1M by age 30? lol
Right I have never heard anyone say that either...... RUclipsrs must live in a world of both greedy and impatient people.
What do you consider being a millionaire ? Net worth ?
Usually yes
A lot of people worth 5-10 million don’t even have 1 million in cash
As far as I know, that's the only way to measure it. Take your assets and subtract your liabilities. If that number totals one million or greater, you're a millionaire.
@@1981lashlarue It should be liquid cash.... stocks, bonds, checking, savings, physical dollars and change BUT someone decided to make it a net worth thing....
@@donaldlyons17 Why? Sounds like you're trying to make it a liquid cash thing.
What if I have $1 million in cash but I'm $700,000 in debt? Am I still a millionaire?
In 1990, $450,000 was the equivalent of what $1,000,000 is today.
Money buys health.
Money buys GOOD food for your health.
Money buys a roof over your head.
Money buys the things you need to take care of yourself in the best way possible.
Id say it’s pretty important to have money. I mean look at the other comment with the guy who’s wife died at 47. Maybe if he had more money he could of had enough to have her health taken care of.
You don’t need to be a millionaire by 30 (or 40)…
…but by Christ it helps.
Does it?
I wasted my 20s chasing a quarter of it. At the cost of a social life and ignoring family arrangements, I question whether it was or not since it's either hoard till 40 or blow up the quarter to get a social life. Questioning the whole "social life" and society's standards. Something seems off.
@@1981lashlarue
@@1981lashlarue I'm only about a 10th of the way there at 40 years, 4 months. Hindsight being 20-20, there are plenty of times in the past 10 years having 1,000,000 would have been useful.
It's refreshing to see a more holistic view on success. The part about the "life of the party" vs. "Workaholics" really hit home.
We often get so caught up in societal benchmarks that we forget success is deeply personal. Also, the shoutout to the 9-to-5 grind was much needed.
It's not about the money, but the journey and balance in life. Thanks for this reality check! 🙌🌟
I realized that the secret to making a million is making better investment. I bought my 1st home at 21 for 87k sold for 197k, 2nd home 170k and sold for 320k, 3rd 300k and sold for 589k and buyers paid all closing costs expenses etc Not making up to a million before retirement is unfulfilled retirement.!!
I started out with a Financial Advisor called *”Janet Santa Sherry”*. Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor..
Or 50?
I think it's false. Financial success can be achieved at any age. It's about smart planning and investing.
Speaking of financial success, has anyone here considered working with a finance advisor like CHRIS RYAN STEWART ?
That's astonishing! I've been hesitant about financial advisors, but this is making me reconsider. How does Chris do it?
I have been also working with him, Chris combines his expertise in finance with personalized strategies tailored to your financial goals. It's been a game-changer for me. CHRIS RYAN STEWART is CFP responsible for my portfolio success. He has a private client base, you can confirm him on the internet, regulation and all
Half a million dollars in two years is an incredible achievement. I need to learn more about CHRIS RYAN STEWART.
He appears to be well-educated and well-read. I ran a GOOGLE search on his name and came across his website; thank you for sharing.
I'm 28 networth is 600k so far
I won’t relax 😈
How many millionaires are truly a millionaire. How much debt to millions do they have.
The amount of money you make is insignificant. When we're talking about millionaire status, we're referring to net worth, which is calculated by subtracting the value of your debts from the value of your assets. If that number is $1,000,000 or over, you are considered a millionaire.
@@Tyrantking7 a rhetorical statement 😄 I'm aware of this.
@@rubygreen1249 No your original question was the right one.... I think you mean cash millionaires that own their homes etc. with little or no debt upon selling everything. Well it can't really be that many because the median income is about 50K which means in 40 years many don't make more than 2 million total.
Your videos on investment strategy are informative and inspiring. It is critical to diversify your portfolio and consider the long-term goals of successful investing. Thank you for sharing your expertise!"
True, you dont need to be, but it really improved my lifestyle as a millionaire. I became a millionaire when I turned 22, and have been able to make numerous investments to further improve my wealth. I now go on 2-month long holidays every year (except during COVID) with my boyfriend.
By 22? Good effort! How'd you do it? 😂
@@saulgilsenan7320Hard work, smart decision making and daddy’s trust fund
@@saulgilsenan7320 Don't hold your breath on getting a reply to that one.
@@simonworsley8631 I agree money trees exist but not in the backyard of very many people.
Of course you did, you must tell us the secret of being a millionaire at 22. Inheritance?
Great advice! It’s all about Balance. 😊
The problem is that million dollar is not enough to raise the family 😢
Why is that a problem? Having a million at 30 is an amazing start. It doesn't mean you can quit working and spend the next 60 years living comfortably while raising a family.
Great video. Getting worked up about always saving and making more is not good for people. Definitely a balance.
This is false. You have to achieve this by 40 as a guy because you have to maximize your sexual market value by 40, your peak year.
And there it is... the craziest thing I've seen all day. Wondered when I was going to come across it.
Lolol 😂
Sounds like an Andrew Tate worshipper-a Tator-head 😂
How old are you?
I mean this in a caring way, but it seems like you suffer from low self worth and insecurity.
I’ve know a fair number of ridiculously wealthy people, and money seems to make low self esteem worse. Now not only do you not like yourself, but if anyone else does like you, you think it’s just for your money. This narrative becomes more ingrained and toxic over time. Don’t worry about the millions, just get yourself to a place that you know and love your strengths and weaknesses. Look for a partner that loves them too. The millions can be built together. In theory the self esteem could but in practice it doesn’t ever seem to.
damn. missed it....got to speed to catch up.