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I had around 30k net Worth in 2012 at age 28 when i bought my first home in LA. Than got a second home in 2017 and rent my first one. Now today at 40 years old with a family of 7 i have around 1.1M net worth. And making under 100k in the past 10 years. Hope i am on track to having over 5M by the time i retire. Finances are exponential. Live above your means, borrow, and your debt can spiral exponentially. Live below your means, invest, and your net worth can grow exponentially.
Somebody once said, You can never save enough for retirement but that doesn't mean you shouldn't try anyway. Take your health seriously now to reduce the financial burden of failing/ill health and ACTIVELY plan your retirement so you can still make money even then. Goodluck to us all.
That's very true. Besides IRA and 401k, are there other ways we can prepare ahead of time for our retirement? Mine draws nearer by the day and I'm gradually going into panic mode
Don't worry too much. The easiest approach is to save more money and invest those savings in profitable opportunities. It's crucial to either understand your investments thoroughly or consult with a financial expert to avoid losing your money. Over the past three years, I’ve earned a few thousand dollars annually and almost doubled my retirement savings through stocks and ETFs. If I continue this strategy, I should be well-prepared for retirement, even with less than six years to go.
By professional, do you mean an FA? Did you use one? What are the steps for getting one? Like a really good one? I could definitely use that now. Thanks
Yes, I use one. Don't know if I am permitted to go into details here, but you should start by looking out for those from credible firms and good track records. You should also make sure the person is licensed. Mine is Becky lou Gordon and you could also look him up though I'm not so sure she's taking on new people atm.
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
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 you saved me from huge financial debt with just a small investment, thank you Mr Lee Davis .
I've been making a lot of losses trying to make a profitable trade. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advice me on what to do?.
Fantastic video🔥🔥! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong??
Trading on a demo account can definitely feel similar to the real market, but there are some differences. It's important to remember that trading involves risks and it's normal to face looses sometimes. One piece of advice is to start small and gradually increase your investments as you gain more experience and confidence. It might also be helpful to seek guidance from experienced traders or do some research on different trading strategies
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury 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..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
Transfer of wealth usually occur during inflation and market crash at times like this. So for me,this is time for aggressive investment. The more stocks drop, the more I buy. I'm just focused on making better investments and earning more as recession fear increases.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating 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.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
Hello 👋 how do you make such weekly amount?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
Elizabeth Regina Nelsen has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives
From $10K to $25k that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 200k to a decent 632k in the space of a few months... I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
@1:39 .. the statement you made above " expecting a favour from them for something you ...". 🤔 Can you please explain what you mean .. so that I do not take it out of context or run with the wrong meaning 🤔... Thank you alux.. I love channel soo much .. really
From a darwinistic perpespective, people who require less resources too survive, low maintenance, easily pleased, are more fit than those who need wealth a high maintenance lifestyle, difficult too please. aye you can buy people, goods and services, yets thats about all. People will use you as cash cow.
This discussion invisible assets is spot on. I recently made a video on hidden billionaire strategies like rare gems and private equity. These investments are truly game changers!
You could only have a high school diploma, make less than someone with a college education and be way ahead of them financially. It’s not about college education that makes someone wealthy it’s about financial education. That attorney that makes 250k a year drives the newest Mercedes has the multi million dollar house and spends his money like he makes 500k a year is can easily be worth less than someone who makes a fraction of that. It’s not how much you earn it’s how much you save first than invest that savings.
Things are obviously not improving. I'm looking into high-yield dividend stocks. Selling $200,000 in stocks without reinvesting is stupid. If I don't invest it, I might end up with cash soon. Any particulars? Today, the economy and stocks are not the same thing.
I also believe that everyone should have a Margin of Safety in their portfolios, and keep in mind that time in the market is more important than timing the market.
The market's volatility makes DIY risky. Choose top-tier ETFs, dividend aristocrats, and a trusted planner. I've turned $480,000 into $33,000 in quarterly dividends using a licensed one, which is a significant accomplishment.
She goes by “Lina Dineikiene” I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finances, but so glad I did.
Alright then, you can do your due diligence on Lina Dineikiene, the lady's been around for a while and really does a great job. A simple search with her name should do.
Thank you Alux for always creating valuable content with information on topics that have really helped me over the years I’ve have used all the information from these videos and it’s changed my life for the better.
