Personal finance should really be taught in schools, but it isn't. So I'm here to pick up the slack. Drawing from the knowledge I've gained over the last 10 years I will upload videos covering various money related topics like investing, retirement, debt, and general wealth building on this channel. Subscribe and together let's start a financial revolution!
Disclaimer: I am not a professional financial adviser. These videos are for educational purpose only. Investing of any kind involves risk. While it's possible to minimize risk, your investments are solely your responsibility. I recommend you conduct additional research. I am merely sharing my opinion with no guarantee of gain or performance on investments.
Many people are struggling to save for retirement due to low wages, rising inflation, and high housing costs. The increasing difficulty of owning a home for middle-class Americans is further complicating retirement planning.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
It's recommended to save at least 20% of your income in a 401k. Sonya Lee Mitchell taught me to estimate how much you should save based on your age and income. I've been with her for years now and her decades of experience in the markets translate to chunks of value in so may ways! She has upscaled my portffolio and even got me reading self help books haha
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
Indeed, you are correct! Economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.
I agree, having a portfolio manager for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.
thank you for saving me backward and forward hours of researching the markets, I just copied and Margaret Johnson Arndt pasted on my browser, and her site appeared top search, no nonsense at all. She looks impeccable.
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
What about a rule keep enough cash to cover two years withdrawals so in a down market you are not selling at a loss and withdraw dividends plus a small amount of your stock holding rule??
I blended my payoffs - my smallest card could be paid off in 4 payments of $300 plus the interest charged for the prior month. This kept the balance in even numbers which was easy to track that I'm going to achieve the payoff time goal. I also paid the same amount per month on the largest balance plus the interest (which was very expensive) so that I could get that balance down quickly. Now I am taking that first card payment amount (less the interest) and adding it to my 2nd card payment which means I'm paying twice as much on the 2nd card. Again I'm paying the interest charge plus the two equal amounts toward the balance. I am projected to have that 2nd card paid off in 9 months now with the ultimate goal of getting interest to under $100 per month and then adding that $100 in interest savings to the balance amount I was paying. This will expedite the payment time by about a month ahead of my projection.
I am 57 in a Duplex , with a Car , Living on 11k a Year of SSI. that's $943.00 a Month and I smoke Camel Non filter and get $120.00 a Month EBT . Medicare and Medicaid with Extra Help .
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
It seems certain stocks are undervalued, flying under the radar despite their potential. You can't help but wonder when the market will recognize their true worth. How can I invest $600K wisely to ensure our future security?
It's frustrating when market inefficiencies persist, particularly with undervalued stocks. Consider consulting an advisor for smarter investing decisions.
My financial advisor has been a game-changer, providing clarity and boosting my confidence in navigating finance. With their help, I've achieved my goals faster than I imagined. Highly recommend!
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
Hi NLL - I am curious about how the portfolio comparison chart was derived. Comparing the Weird Portfolio to the classic 60/40, Weird has better returns statistics, however its SWR and PWR are worse than 60/40. I find this difficult to reconcile, plus my previous experience of studying 60/40 suggests significantly lower SWR and PWR than presented in the table (nearer 4.1 and 3.1% respectively). My experience of Weird suggests that SWR/PWR of 6.3/5.1% is about right, however many of the other portfolios in the chart look quite optimistic to me. Is there more than one way to calculate SWR/PWR as this may explain the difference relative to what I have previously seen using Portfolio Charts?
It’s because inception on the chart is 1985 which is a more favorable starting point missing the 70’s. The 4% rule comes from data going back to the depression I think.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
Debt avalanche is fine if you’re tracking your total debt instead of paying attention to how many accounts you have. I have a spreadsheet listing all my debts and repayments and keep watching the running total decrease for motivation.
Well.. snowball works here in PH as the interest already charged upfront except to cc. So whether you pay high and early. The amount you re paying is the same.
I started saving for retirement at age 25. Not with the idea of retirement at my full ss mandated age of 66 1/3 or whatever, but I wanted to be retired from 9-5 and retired from taking orders from a boss forever at the age of 50 or less. That’s what made me a prodigious investor not a all star person but a ridiculously dedicated investor and it didn’t take away from my family because I would do side hustles of all kinds to reach my goal. So it definitely helped me at a young age think of “ retirement “ on my terms. I think what discourages young people is thinking retirement and an old feeble person sitting in a rocking chair waiting to expire.
What's crazy is that this--taxable investing, ie, the S&P-500--doesn't even take into consider how most people also have an employer 401k, maybe a roth, pension, and so on.
Thank you for the content😘 Investing was a leap into the unknown for me, especially under the weight of personal stress and my mother's health issues. But with Jennifer's T Stones guidance, I opened a trading account and invested $3,000. The decision was fraught with anxiety, but Jennifer's support was unwavering. Within just five days, the results were more than I could have ever hoped for. My initial trepidation turned into unbounded joy, providing not just financial relief but also a sense of empowerment.
I like the idea of the 4% rule with a 100% total market index fund, but starting with a *three* years cash buffer of your projected cash need -- the amount of cash needed after Social Security and pensions. If the market craters, you don't do your annual liquidation from equity to cash until the market has recovered. You'd have at least two years for the market to recover. Perhaps the buffer should be four years, or liquidations done on a quarterly basis, if the market cooperates. Hmm.
