$1 Million in 8 Years - This Rule Got Me There! 

not for people who aren't US citizen and dont have a US local bank a/c right?

​@@phku17Because it is a US based option within Amazon's FBA, you must be a US resident in the US.

Just LOVE your videos. You are teaching us so many things. Of course we will do our own research, however your suggestions on your videos stamps trust for us. We will look into Limits Express. Just to confirm are you saying you are earning approximately $10,000 a month from them? May I ask how much was your investment you put in? Thank you again for all your videos.👍🙌🙌

​@huanglynn thanks for the questions and comments.

​@huanglynn as for limits express, they are a paid sponsor, and I can't personally recommend it since it does carry risk, like any investment. My results have been a 14% margin on my investment in my first month. Once my original investment is paid back to me, then my monthly margin will drop to about 8-10%. But since I am in the middle of month 2, I will give more updates.

@@gildamolinar5155 started at 52, I’m handing it off to my son…… hopefully his generation will start generational wealth.

wasn't handed anything but tens of thousands of dollars lol

@@lifeofsui3864 a small load of one million dollars

the stock market this year is at an all time high and a good number of folks raking in huge 6 figure gains, tho such strategies are most times successfully executed by folks with in-depth market knowledge

Thank you for the lead. I just searched Karen by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon.

never stay 100 percent cash bro ive always been a conservative person i like cash so i would say keep about 125k in cash high yield and invest the other amouint bc no emergency is probably gonna be more than 50-75k let alone 125k

@@arlenehill4rilthanks brother I didn’t see anything about Karen but now I’m going to call her house and hang out. Maybe a bbq 🍖 or a movie night. She’s already blocked me and my two or three numbers but thankfully my cousin mark works at boost mobile, so basically she can’t hide from us😊 I’m ready to catch her and get some dividends payed for me and the family. 😮 🎉

@@LupeBaptista scam?

Love your comment. Thanks for sharing.

Exaxtly. Just do it.

Are you spending more now?

Even with that, similar to my own situation, tough to do on 40-50 k a year. But this guy is obviously a god of finance and is loved by his peers so I must bow down

My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.

think you could suggest any professional/advisors i can get in touch with? i'm in dire need of proper portfolio allocation

My CFA, "becky lou gordon," she a well-known figure in her field. I recommend doing more research on her credentials. She has extensive experience and is an invaluable resource for anyone.

You have too make enough where the money market can see you through, have a near novel skillset or get over on people... The end

Thanks for sharing!

@@danielsmith7856 go to ups if you have cdl

Wow, thanks! I greatly appreciate your vote of confidence and kind words

Much appreciated!

Welcome!

You're right, everyone situation is different. I'm happy to hear that you managed the recession well. And you're right again that many people lost a lot in that situation. Thank you again for sharing your experience

@@BusinessWithBrian Your welcome and thanks for the video very informative

They only lost if they sold and didn't reinvest for the ride up. Even just holding they would be doing great. People do it to themselves. The market always goes up over time. The people that lose always sound like victims when in reality they made bad decisions. Market downturns are an opportunity. Cheers!

Yes! Thank you! Some people overlook the power of "the plan" and sticking to it. Overall, it isn't easy to do, but to get the best result, it takes a lot of work.

Thank you too!

@adammotter If you don't mind my asking, how much did you convert to Roth? How much was the tax implications ?

@@striperkid At the time it was about $21.7k at the time of conversion, so I had to add that to my income for the year. 2020 was so messed up even with an "essential job" it still landed me in my normal tax bracket.

@@adammotter oh, and another thing......the tax brackets are slated to change after 2025. My guess is, it's not going to be beneficial to us "middle class" folks.

@@striperkid I'm with you there. I only make $42k presently. I just knew my situation was a good chance to embrace the suck of the tax hit now in favor of the long game benefit. I definitely am not one that has to utilize the back door Roth strategy.

@@adammotter keep plugging away man, you're on a good track. Good luck to you.

Thank you, I appreciate it

After the 401K and HSA, I put all other funds in a taxable account. I was buying stock and etf in my taxed account. Which was a must for retiring young.

Thanks for the preemptive comment. I'm traveling for the next week, but I plan to have INTC on my short list. Thanks for the comment

INTC recently purchased a $350 million dollar lithography machine from ASML. Looks like they'll be in the chip making business for awhile. With the unsettling in Taiwan (China threatening to invade), it may be a good idea to invest in an American chip maker.

@@striperkid , thanks for the inputs!

How about CLS, SGH or PLTR

You're absolutely right, I could have helped a great deal. Unfortunately my 401k at the time did not offer the option.

My pleasure, thanks so much for the comment

Sorry if it wasn't overtly obvious in the video, mine was spread out across 401K tax advantage accounts, Roth accounts, and taxable accounts such as a stock exchange like Robin Hood or things like that.

Timing the market is not realistic. I took a huge risk in 2007. My house value was falling, and i was overly protecrive of my 401k.

The key is to follow the markets and the economy. You have to learn to distinguish what is real from the typical political nonsense. Not all downturns give you a lot of advance warning, for instance the 2020 recession hit hard and fast. However, the 2008 recession really started in 2006. There were plenty of signs for those that were paying attention -- housing prices fell. Then subprime mortgages started defaulting -- banks that had bought up those loans started losing. The damage was spreading. Finally the stock market crashed in 2008, but a lot took place leading up to that point. Also, while not a recession... when the Fed announced they would be raising rates to slow the economy in 2022, they were telling everyone the stock market would be coming down. It was by design and still many were caught off guard by the market decline. Most people just don't understand the basics of how the economy and markets work. So learning and paying attention will give you the best chance IMO. Cheers!

@@don951 Thanks man, I like the examples and ideas you have. I did not invest until 2023 so I do not have a good idea what people thought in 2008 or 2020 or 2022 about the stock market. Now I follow relevant news a lot, hopefully there is some indicators prior to the next crash. It will be funny if it hits this year though as I do not see any warning signs at all with my current level of knowledge. Cheers!

That's incredible! You're going to blow my results out of the water.

@@BusinessWithBrian eh, probably finish equally. I'm a little older than you. I do like that your side hustle is photography.....so is mine. I commented a few months ago on your Delicate Arch photo. We should shoot together sometime and talk about investing....lol. Keep up the good work bro.

Yes I am. I'm playing a long game of cost value averaging. I buy much less now than a year ago.

You can look for major altcoins with average risk-good gains or bitcoin with low risk-moderate gains. I dont recommend etf because there is 20 percent tax when u sell.

I completely understand that. Thank you for your comment

I don't recommend timing the market. Nor did I suggest it.

Oh, my point was not to promote timing the market. Bit that was my truth going into the recession. I consistently promote long term investments (time in market) thanks for the note.

You're skipping the part where I am investing money into taxed investment accounts.

@phku17 I was in and got back out in the low 100's... 🤢

Ouch

Ouch

I had NVDA at 400 and thought it was way overpriced. 🤣

He was probably making too much so he wasn’t able to but should have mentioned for sure. Great video overall, love this channel

The YT channel "The Money Guy" has good motivational info for young people about Roths.

$500 to $800 depending on lifestyle (USA today)

The good news is that if you're fully retired with the full medical benefits at va, then you don't have to worry about a high deductible Medical plan. The downside is that since you aren't on a high deductible medical plan then you cannot have a health savings account. They are only available to those on a high deductible health plan. I did make a video on this last year and I can hyperlink it if you want

@@BusinessWithBrian thank you. Yes please share.

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-hWHUZX4gpLU.html

I just pasted the link, he was coming up with errors when I was trying to respond directly to you. I hope that works

I also love the HSA. However, you do need to pay taxes on withdrawals for things other than Medical over the age of 65. There is no penalty, but you do need to pay taxes for the withdrawal over 65 and not for medical purposes. And medical expenses are not taxed at all, ever. Here's an article that may explain it further: smartasset.com/insurance/hsa-withdrawal-rules

It was certainly true in my favor

It was all in my tax advantage 401k

@@BusinessWithBrian I still don't understand what's meant by "moved" the funds, exactly... I may just not be understanding?

I'm not sure how versed you are with 401ks. But you can rebalance and restructure your 401k at any time. And that's exactly what I did. I moved everything from my stocks to bonds

@@BusinessWithBrian I had no idea you could do that. I will be starting a 401k soon next month at a new job.

That wouldn't be enough to hit the target. You're leaving out everything that hits the top line. My work earnings went from $0 to $350K a year in 9 years. Saving more won't do that.

@@BusinessWithBrian I don’t remember you mentioning that in the video you stuck with 65k. But that’s also a given that your income would drastically rise. It’s the only way to hit a million in 9 years. Plus, the aggressive investing after 2008 market crash. Again could have just led with that. Could have been a 30 second RU-vid short. “My income increased from 65k-350k and I started investing aggressively after 2008 market crash, that’s how you hit 1 million in less than a decade”. lol

​@zacblackwood6197 Still not enough. You may have missed the part where I also spoke to having 2 side hustles. I retired at 46, and I have 4 side hustles today, and I am almost making as much as I did from my tech job. But if a person doesn't invest wisely, not allow for lifestyle creep, budget, and have a set plan.........then they will simply be average. I started this journey before the recession, and shared what I did to not lose it all. Do with that as you may. It seems like you missed most of the key points. The growth in the market now is much better than I saw 2005 to 2011. The opportunity now is better than ever. I can only lead the horse to water.

@@BusinessWithBrianeven this comment is disingenuous from your video you added so many more variables that weren’t in the video. And you are picking dates to try and prove your point. Yeah the growth rate from 2005-2011 is less than now bc they was a market crash in 2008. Look at the nominal rate of return since 2008… S&P is almost 430%. Any one making 350k a year could make a million. It’s a bull market everyone makes money. Don’t talk about “these rules” no you were alive during a pivotal point and a great opportunity to make ALOT of money. And you happened to have a great income to capitalize on it. It’s that simple. Just like, if this current bubble pops and there’s a crash. The smart folks will do the same and throw everything into the market bc it’s going to go back up.

@@zacblackwood6197 And you keep missing the mark. All the details are in the video. I didn't make a salary of $350K until well after I made my first $1 Million. For the 8 years I worked to make my first $1 Million, I had a combined salary from all my job and side hustles under $100K. I appreciate your comments, but you keep changing the narrative. First I was "lucky" to experience a recession. Not sure if you had experienced it, but try keeping a job during a recession, it isn't easy. And keep in mind that recession lasts for years, not just one single day. Then your narrative changed to stating that I had an extravagant salary, and anyone can hit $1 Million with that income. Once again, not true or accurate.....I was making less than 6 figures the entire time leading up to my first $1M. And then your narrative shifts again to state that anyone after 2008 can make easy money, but you are omitting the fact that I made that money from 2005 to 2011, which I state in the video. And that happens to be one of the worst times in investing. Truth. So, it isn't "just that simple". If it were, all of my colleagues would also be retired, but they are not. Right now is probably the best time in my investment career, to be investing. But you don't seem to want to hear that. In my investments, I did a lot of things right, and I also shared a mistake I wish I hadn't made. It's your choice not to learn from it. I'm trying to share a roadmap that I have proven firsthand works. In fact, In retirement, I'm repeating it all over again. Because it works. It may not be glamourous, or consumable in 30 seconds as you'd like, but it works. Don't look back in 10 years and wish you would have done more to have been investing, or wish you would have hit that first $100K as quickly as possible.

I plead the 5th

Ok. I'll bite. What is offering that high a dividend?

You do know that dividends is not extra money😂

@@BusinessWithBrian This is one of those new ai powered scams. Used be to easier to spot them before chat gpt. One bot comments some ridiculous claims , another bot asks how and then the first one says go contact Mr X (some scammer ) who can double your investment. You will then see a a lot of comments saying yes I made money from mr X. The average Joe would think its people helping each other out and fall victim to it.

He didn't answer. 😂

That's great to hear. I agree that Living Well beneath your means to hit that first 100,000 is pretty painful. But it's very satisfying to see it grow and compound after that. Good on you!

Sure thing!

That's awesome to hear!

No. It was my 401K, Roth, and my taxable investment accounts.

Yes he did. I listed it at 65,000.

@@BusinessWithBrian😂

No, that is not the point of the video. But I do have several other videos that can inspire you on great areas of investment

Never too late to start, but time in the market gives a greater advantage. lf I did have a large chunk of money to put in the current market, I'd likely keep most in a High Yield Savings Account and dollar cost average into the market when I found something worth buying. Prefer index funds but everything seems inflated.

Put as much as you can In nvidia then cross your fingers. Only 1000.00 for 10 years will make 250,000.

@@craftymulligar you recommend him going all in on one stock??

God only made a FEW perfect heads… the rest, he put hair on! ;) 😂👍

Oh, you're completely right. Thankfully my wife has made me several. Being bald makes me cold even in the summer time

Best comment ever

That's what my other videos cover.

Nothing

100k at 8% over 29 years would grow to 1 million, so he focused on that first 100k. He avoided losses during the 2008 crash and rode growth stocks after while still investing additional money (side hustles, salary increases). The behaviors needed to get that first 100k from zero (or negative) in such a short time took good money habits that accelerated the process.

I think there are several points that you missed, if that's your only takeaway. The simple approach of saving more just won't get you there. You can certainly try, but there's no way you're going to get there less than 15 years. Smh

Thematically, yes, but the person was from Michigan. At least that's what he told us

That’s my plan 👍

I can't disagree. However, there are a lot of rules for becoming an ex-pat. Many countries don't allow you to live there full time. But for the handful that do, it may work out for several people. If they are willing to move away from their families.

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

The very first time we tried, we invested $1000 and after a week, we received $7500. That really helped us a lot to pay up our bills.

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

I'm new at this, please how can I reach her?

she's mostly on Instagrams, using the user name

Are you doing it faster?

And i dis it during the 2008 recession. Sadly, my military pay was well below $16 an hour whem i started.

Now is much better than 20 years ago. I started at the beginning of a recession. The AI boom is going to create a lot of millionaires, for those that are smart enough to invest now

How so? I did it, I met with a group of individuals this week who had all done it. So how is it not realistic for me or them?

No need to push your anger towards my editor. What I did works. That's how I'm able to repeat it easily in retirement in my 40s. But that's OK if you prefer to listen to someone else that hasn't built there wealth from the ground up. I understand.

No. What are you referring to?

If you watch my other videos, you know I grew up poor with zero privilege. Please do some homework before making that kind of statement. I started with that high of a salary because I worked my tail off, and I put in 5 years in the air force before that. Attitude and hard work was my winning formula.

If people are willing to work hard good jobs can be achieved. Too many lazy people that want to sit back and do nothing.

Brian, thank you for your service.

My job out of highschool pays that and 8% match 401k along with everything else you need. Just work a hard job a sacrifice

If you don’t make $65k, time to go to welding school. I made $65k by Easter.

Your assumption is completely wrong. This guy is married with two children. What's your next assumption?

😂lol

Or, he was paying attention. I'm guessing you don't remember how that went down.