I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my invest analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my investment decisions align with market dynamics for optimal returns.
I'm favoured, 90K every week! I can now give back to the locals in my communities and also support the church. God bless America,, thank you Mr Jihan Wu😊🎉
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
I’m quite lucky exposed to finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 amid covid-outbreak, and at once hired an advisor to help stay afloat. As of today, my portfolio has yielded over 300%, just about 10% shy of $1m.
@@arlenehill4ril i'm blown away! mind sharing advisor info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Karen Lynne Chess is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
thanks for putting this out, curiously googled Karen Lynne Chess and at once spotted her consulting page, she seems highly professional from her resumé.. was able to schedule a call session with her
Thank you for continuing to share your wisdom and options to get us to the goal line. Loved the tip about Soc Security, I am going to share that one with a friend today! Great departure from your normal videos.
Funny observations + my story: Look at those teeth (1:09)! I need to think about why 12% at 0:17 seems OK and 6% at 2:38 seems high. I totally agree saving young helps. I started saving in 1985 (as a youngin' at 23). Cut back savings during family needs to 4%. Then around 2000 started saving 8% and ramped up to 18%. Worked out great!
6:58 time mark: Dave Ramsey example. Dave's example is correct. $100 per month, invested over 40 years, will net you $1,176,477 in the end. What he fails to explain is what $1,176,477 (40 years from now) would be worth in today's dollars. Assuming a straight 3% inflation rate, the answer is $360,657. So, what if your rate of investment returns were higher (or lower)? What if the inflation rate varied from year to year? Bottom line: I'd suggest that people keep an open mind about the assumptions of whatever financial advice they receive.
Prana - what were the growth & withdrawal rate assumptions? Dave Ramsey - He neglects to inform you that $1.176M in 40 years is only worth $360,510.00 in today's dollars.
Dave Ramsey mis-speaks: "If you are under 40 years old and you retire with less than a million dollars it's your own fault". In Dave's actual example 40 years is the period that you have to save for -- not the starting age. You have to start at age 25 not 40, in his example to save $1M by age 65.
Fidelity states for age 67 you should have 10 x annual income.For arguments sake ,bump it to 12x. So ,if you want 5000/month you need 720,000, not 1,000,000 or as Azul states 1;500;00 ( he said 300x)
Never mind, I spotted the error. I think Fidelity is wrong. Assume you can safely spend 4% ( adjusted for inflation each year)-- maybe a better plan is to take a constant 5% each year ( no inflation adjustment). Some years this will pay out nicely, others not but your savings will never deplete
It’s ridiculous assume 8-10% returns for entire portfolio since most are not 100% in stocks going into retirement in 5 Years. Most are 60-70% Equity 30-40% bonds or high yield CD @3-5% and cash 2-10% earning 0 to ~2%. There is also inflation adjusted or real returns.
My portfolio has returned that. The part in Vanguard has returned almost 12% over the last decade, which is dumb luck. But I think you should be able to get 8-9 %
Your best videos are the ones like this one where you stick to retirement advice supported by calculations. But some of your recent videos have ventured into giving warnings about how high the stock market is, or predicting the high likelihood of an economic recession, and you have no special expertise to offer there. By the way, I retired 12 years ago at age 68 and have never regretted that decision. My health is still good at 80 and my 60's were my peak earning years. Without giving any numbers, I'll just say that I'm quite comfortable with my current net worth, which is about where it was when I retired, with income from Social Security and a couple of small pensions in addition to investment income.
!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
Retired at 52. Didn’t save a dime until 40.
There are many paths to financial freedom.
Is that with kids or without?
Good for you!👍
Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in August 2024..,,
I would really love to know how much work you really did put in to get to this stage
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my invest analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my investment decisions align with market dynamics for optimal returns.
I'm favoured, 90K every week! I can now give back to the locals in my communities and also support the church. God bless America,, thank you Mr Jihan Wu😊🎉
Waking up every tenth of each month to $210,000 it’s a blessing to I and my family… Big thank you to this same Jihan Wu🙌
I’m 55 from southeastern Ohio but worked overseas all my life. I have savings of $1,000,000 and I'm ready for retirement, only concerned about the soaring inflation. Is this enough to retire comfortably, or do I need some sort of money management?
You’re only 55. I would get money management just in case... truth is, many people live well into their 80s without such amount
I’m quite lucky exposed to finance at early age, started job 19, purchased first home 28. Going forward, got laid-off at 36 amid covid-outbreak, and at once hired an advisor to help stay afloat. As of today, my portfolio has yielded over 300%, just about 10% shy of $1m.
@@arlenehill4ril i'm blown away! mind sharing advisor info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Karen Lynne Chess is the licensed advisor I use. Just google the name and you’d find necessary details. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
thanks for putting this out, curiously googled Karen Lynne Chess and at once spotted her consulting page, she seems highly professional from her resumé.. was able to schedule a call session with her
Thank you for continuing to share your wisdom and options to get us to the goal line. Loved the tip about Soc Security, I am going to share that one with a friend today! Great departure from your normal videos.
Great video with tons of "pause-worthy" moments. Thanks for your work Azul
Funny observations + my story: Look at those teeth (1:09)! I need to think about why 12% at 0:17 seems OK and 6% at 2:38 seems high. I totally agree saving young helps. I started saving in 1985 (as a youngin' at 23). Cut back savings during family needs to 4%. Then around 2000 started saving 8% and ramped up to 18%. Worked out great!
6:58 time mark: Dave Ramsey example.
Dave's example is correct. $100 per month, invested over 40 years, will net you $1,176,477 in the end.
What he fails to explain is what $1,176,477 (40 years from now) would be worth in today's dollars. Assuming a straight 3% inflation rate, the answer is $360,657.
So, what if your rate of investment returns were higher (or lower)? What if the inflation rate varied from year to year? Bottom line: I'd suggest that people keep an open mind about the assumptions of whatever financial advice they receive.
Prana - what were the growth & withdrawal rate assumptions? Dave Ramsey - He neglects to inform you that $1.176M in 40 years is only worth $360,510.00 in today's dollars.
Dave Ramsey mis-speaks: "If you are under 40 years old and you retire with less than a million dollars it's your own fault". In Dave's actual example 40 years is the period that you have to save for -- not the starting age. You have to start at age 25 not 40, in his example to save $1M by age 65.
Is this Azul talking in 3rd person calling himself a wealth expert....the real Azul is showing himself...
Fidelity states for age 67 you should have 10 x annual income.For arguments sake ,bump it to 12x. So ,if you want 5000/month you need 720,000, not 1,000,000 or as Azul states 1;500;00 ( he said 300x)
Who is wrong, Azul or Fidelity?
Another factor needing clarity is the age of retiree. Also the estimate of 200 or 300 times is pretty broad
Never mind, I spotted the error. I think Fidelity is wrong. Assume you can safely spend 4% ( adjusted for inflation each year)-- maybe a better plan is to take a constant 5% each year ( no inflation adjustment). Some years this will pay out nicely, others not but your savings will never deplete
It’s ridiculous assume 8-10% returns for entire portfolio since most are not 100% in stocks going into retirement in 5 Years. Most are 60-70% Equity 30-40% bonds or high yield CD @3-5% and cash 2-10% earning 0 to ~2%. There is also inflation adjusted or real returns.
My portfolio has returned that. The part in Vanguard has returned almost 12% over the last decade, which is dumb luck. But I think you should be able to get 8-9 %
Funny to see a YT fin guru critique other YT fin gurus. The irony!
Everybody has a formula!
SCAMMERS posting . Report them and give them a thumbs down 👎
Your best videos are the ones like this one where you stick to retirement advice supported by calculations. But some of your recent videos have ventured into giving warnings about how high the stock market is, or predicting the high likelihood of an economic recession, and you have no special expertise to offer there. By the way, I retired 12 years ago at age 68 and have never regretted that decision. My health is still good at 80 and my 60's were my peak earning years. Without giving any numbers, I'll just say that I'm quite comfortable with my current net worth, which is about where it was when I retired, with income from Social Security and a couple of small pensions in addition to investment income.
Bravo @blvany
I had 2 mil at 50 and no way that I considered that enough to retire
Maybe some can do it, best wishes
I agree, 2M is not enough at 50. You have to assume you’ll need to get to 95. Do a Ficalc
!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $100k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
nice! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?
look up her name on the web for her website.
You’re too nice Azul. You could have at least 💩 on Meet Kevin a little. He deserves it.