Pay off debts, purchase house/home. Invest in real estate - keep houses in the family for generations. Invest in yourself - health, knowledge and travel. Get a financial advisor. Put it all in a trust. Live off the interest/return.
And then Russia Blows your cities. You have to read the news. Understand wwhats happening in the World and not just apllying old formulas. The Rothchilds had spies on battlefields since Napoleonic Wars
@@therhythmatic hmmmmm Me ….Big House …Dodge Demon ( pink slip) Girls ….Cocktail Parties ends at 9:30 pm. I actually an introvert so there is that 🤔😉…. Mutual Fund….Triple AAA Stock ..My Own Library Filled To the Brim with Books I Love . Thank You Universe
Definitely. Especially where you live. Don't be the person with the best house and the best car and the best everything. It's much better to blend it and be anonymous. Most billionaires nobody knows who they are, and that is on purpose. Let other people show off and make themselves targets. It's better to live quietly in peace.
I love when two or three people who are working together, come to the comment sections acting like they strangers who are engaging in conversation, in order to promote some one who helped them financially. But are really scammers….So obvious
Lately, l've been reflecting on my retirement plans and questioning whether my 401(k) and IRA will ensure a secure future. Additionally, I've invested $800K in the stock market but I have experienced fluctuations and modest returns. I'm seeking an approach that matches my risk tolerance and aligns with my financial goals.
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management.
Elizabeth Colleen Nurre is among the most accomplished portfolio managers in the industry, widely acknowledged for her outstanding work. I highly recommend taking a closer look at her impressive portfolio.
BALANCE. Absolutely keep your mouth shut. You don't want to open the door one day and find Aunt Gertrude's fourth cousin five times removed whom you've never heard of standing there with a sob story and his hand out.
@@alanaldpal950 YOU CAN DO THAT TOO! BUT I HAVE LEARNED THAT SAYING "NO!" TO EVERYONE AND ANYONE IS BEST. IT SHOWS YOUR INNER STRENGTH AND NOT ALLOWING OTHERS TO BULLY YOU OR MANIPULATE YOU INTO "HELPING" THEM. WHEN YOU GROW SOME COURAGE SAYING NO STARTS TO MAKE LIFE REAL EASY! ESPECIALLY WHEN THEY CAN NO LONGER TRY TO MAKE YOU FEEL GUILTY ABOUT IT AINCE THEY ARE ONLY AFTER THE MONEY AND DON'T GIVE A FLYING F*CK ABOUT YOU TO BEGIN WITH.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Carol Vivian Constable 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..
My brother was parted with everything he owned at the age of 52. He died of cancer. The invest in you needs broadening. You can change your house, car, friends, spouse, but ultimately you only get one body to travel in. So look after it, else wealth will mean nothing. So MOT your body. Pay for a full health check, every year. You catch something like cancer early, longevity or full recovery is possible. You ignore warning signs, by the time you act it could be too late. So invest in yourself. Eat better. Get the gym membership you promised yourself. You have the wealth, so start on health.
I have my rich person health plan all laid out. Weekly couples counselling, weekly individual counselling, healthy meals delivered to my door, full MRI, full gene sequencing, get that referral to find out which connective tissue disorder I have, get screened for every learning difficulty, sign up to my friend's yoga classes for people with connective tissue disorders, get physiotherapy for my dodgy shoulder I've had for over a decade. I'd love a blank cheque to become the healthiest me I can be. Even if I'd then spent it all and had to go back to my day job it'd be worth it to actually be healthy.
Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
It was stupid of me to sell $76,000 worth of NVDA stocks without reinvesting. (Buying bonds or CDs is not for me). I’d rather stay 100% cash, or are there any other investments that can outdo the growth of Nvidia? I have 200k ready to be reinvested
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
Several individuals minimize 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 afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Absolutely shut up when you accumulate wealth!!! I don't have much but a year ago i let it slip to a family member i had over 50k not alot of money 💵 but they didn't even have 1k in the bank and they resented me because i had self discipline to save money,
It's ironic that people resent the ones who sacrifice and are patient enough to achieve an end goal. One would think that you'd be an example of what could be accomplished using such a strategy but instead you get attitude. I had a roommate like this. Would spend everything he made on treats, brag about the bargains he'd scoop up but never paid down debt. Leaving him perpetually stressed about his finances, which was his justification for needing "treats."
When i got leukemia, i got about 40 000$ from my insurances. I enjoyed seeing the money in the bank account for an hour, then i called the bank and paid off my mortgage, one of best decision I've made.
#4 secure the money and dont spend any of it for 6 months. ha, what a joke. Nobody does that. For me, I'd buy a few items I wanted/needed or go on a decent vacation trip. The amounts of which would depend on how much of a windfall I had received.
My 2 month old Ilc got approved for 180k in small business Grant program here in TN, I formed this IIc because this will protect my personal assets if my business struggles financially it also has a smaller tax and compliance than other structures. Unbelievable I could get grant funds this early. My grant writer assured me this. My company will be selling homemade artisan chocolates. With passion for chocolate and savvy planning, I am excited to make my artisan chocolate startup a sweet success! It will take dedication and hard work. Just like perfecting a chocolate truffle recipe, creating a thriving business takes experimentation and patience. I ready for this 💯. Grant money can take your business from nothing to something. I really appreciate the state of TN and my grant writer (Grantdocks) for matching me with the right people to connect with
This is a very good video. Having said that, I believe that a much, much better #2 is: #2: Hire the professionals you will need to protect you, both from others and from yourself. 2a. Hire an attorney. 2b. Hire a financial advisor / CPA. (Note: do NOT sign anything without your attorney's approval.)
I would also add to that: hire more than one financial planner but don't tell any of them about the others. This will give you a more objective view of whether their advice is sound or not. Some differences are bound to occur but if they are all wildly different from the others, get rid of them and hire a second round. Also, don't tell any of them exactly how much money you have. Give each of them about $200K to invest and see what happens. Tell each of them that's all the cash you have. If your windfall is massive, you won't miss a few hundred thousand. I watched a YT vid about a lawyer who specialised in helping people manage their sudden wealth embezzled money from all his clients and most of them lost the lot. Just goes to show you can't even trust the professionals who get paid handsomely to work for you.
This happened to me. I won’t lie whatsoever. I inherited 500k when I was 27. Changed the course of my life. No debts. Paid for my law degree got the check and dropped out of the bar exam. Basically said screw this I’m leaving corporate America behind.
@@g.divagoddessBut he’s right though, 500k is not a life changing amount, wouldn’t be giving up my job or anything, it’ll allow you to pay off debts but you’ll still need to work
@@okee9 he's not right. That's a large amount of money.. ofc not to retire on but to get a lot started or fixed? it's a large amount compared to $0, $20k and $60k.. 500k is a large sum of money. You are trolling playing devil's advocate as well bc there's no way you believe 500k is not a large amount of money to receive
I remember reading articles about how most lottery winners go bankrupt. That shows that most people aren’t ready to be rich unless they change their mindset and habits with money. These are solid tips 🔥
Just as a side note: the last point talks about balance, saying one should maintain it, as the pendulum swings both ways. Meaning things can quickly go downhill. While that may be true, I want to add that if one becomes a billionaire late in life after a life of serious lack, one might also see their new status as the balance for that previous life of lack. In that case, being wise with their money might just lead them to growing transgenerational wealth.
there’s a show in South Africa dedicated to people making poor financial decisions. I think it was called “I blew it”. It’s like watching the same thing over and over. They all do the same mistakes 😂
I sold my house and got a taste of money. You lose touch of the 9-5 pretty fast. You'll always need something "on the line" or you kinda rot away inside.
Famous last words that put many people on the street, homeless. "When I get rich" is a fallacy. The 'rich' have a high net worth, but the WEALTHY have MULTIPLE sources of income, to satisfy their daily needs and wants. Rich people NEVER get WEALTHY. PS First you get wealthy, then you get rich. 🙂
If you are serious research how to make it happen. Then look up how to grow your money using dividend yielding stock, high yield savings account, index funds and a Roth iRA.
You can do that yeah. Do get yourself a CFP. An ACTUAL, QUALIFIED CFP in real life, and not all these scam threads mentioning names that is trying to take your money.
You want an attorney and a certified financial planner. Usually the best systems are set up with business entities and trust accounts so you become bulletproof to litigation, especially if people realize you have money.
I agree with not quitting your job right away… wait for the right moment when your boss is pulling a power trip like “you need to step up your game if you want to continue working here..” and then quit gloriously 😂
I don't know where that statistics comes from considering most lottery winners stay private and even if they go broke...I doubt they would mention it 😂
There is/was a TV show called "How the lottery changed my life." They would give a relevant statistic during each episode. One of them was that 50% of lottery winners spent all their winnings within five years. One of the winners they covered wanted to start a business. After paying off all his debt, he tried to corner the market on some sort of plumbing tube, spent all his remaining cash (like $300 or 500k) getting this item created. By the time his purchase was complete, someone else had created a better item and he was left stuck with all his inventions.
Well..that's odd you're poking fun at someone mentioning Borlest...as even this video itself..goes into the law iof balance at the end..and mentions saying thankyou to thd Universe!
Don’t pay off a mortgage, it’s debt you can deduct from taxes. Don’t just park the money in your bank, you should put it immediately in a secure money market account. Don’t keep the financial advisor someone else used just because - there are many terrible ones out there. Don’t pay these people money, they give wrong advise and use annoying music
the interest is higher then the tax break. pay of your mortgage. money in the bank just inflate away. Property and precious metals are the most stable investments and grow with inflation.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
I am so happy that i made a productive decision about my finances that changed my life forever. I am a single Dad and i live in Florida, i bought my first house in September and i hope to retire next year at 55 if all goes well. Thanks to Mrs Ann Elizabeth Messer for helping me achieve this.
I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
My parents have passed, I was never able to have children and I've never been married. Therefore, there is not one person on this Earth that I need to tell if I've won the lottery or not. It would be my little secret and mine alone. 😊
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.
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of RU-vid videos about it but I still find it hard to understand
As an investment enthusiast, I often wonder how top level investors are able to become financially stable, I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, ETFs etc It is important to seek the advice of an expert.
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $350k since then
‘Grace Adams Cook’ is the licensed advisor I use. Just research the name, you’d find necessary details to work with a correspondence to set up an appointment.
Thank you for sharing, I must say, She appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Lisa Annette Robinson, has been an amazing experience.
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️ of myself because of low finance but I still believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Lisa Annette Robinson 😊🎉
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Lol. What of the ones who didn't cheat or abuse their partner, but still got divorced & fleeced in family court? Getting an iron clad prenup no matter how "loving" your potential partner is should be added to the list of financial advice.
You can't get a prenup on an already existing marriage. If you're single and wanting to get married, then yes, unfortunately with today's morality and the skewed court systems, a prenup can be very important.
@@miguelfilo962 They can and do. Creating an iron clad prenup is not cheap, but much less expensive than a divorce without one. That doesn’t mean your former spouse gets nothing, it just means you already know what they are going to receive if you get divorced.
@@miguelfilo962 it depends. If she's crying while signing it or refuses to sign it till the wedding day or close to it, her lawyers will argue that it was under duress. Best thing is, if she says no the 1st time (or 2nd after having a deep conversation as to why you need the assurance), end the relationship. Don't even bother pushing it. There are cases where prenups have worked, like Kanye & Kim for example
My aunt won a medical lawsuit and was awarded 3.5 million. She was able to burn through it in 6 years! The only smart thing she did was allocate a portion into an annuity.
Nr 2a.: Shread all of your paid off credit cards. Work only from a currently issued bank debit card. Nr 2b.: Create a frugal budget to live from for the present time. This money will come from your current income and not your new money. Nr 2c.: Go full scale pauper and spend less money than you did before. You're RICH now, so do everything you can to stay that way.
LOL The main reason for divorce is marriage, you don't have to sign government contracts if she insist you sign documents just dump her. I'm not playing that give me half your stuff game
Been praying to God I get rich/super wealthy because most of my life I dealt with poverty. I always been a hard worker but was always overworked and underpaid no matter what job or company I ever worked for in life. That’s one of the reasons why I make beats and got other things going on now.
Everyone around me got a fortune and they became poor again, my aunts , my grandfather ,cause they keep spending and spending with no goal, it’s crazy 10 years ago when my aunt got her first million she spent it in a three month span , basically on things not debt or any significant something and she came again from where she started , money is not the problem, it’s how u deal with it that makes the difference.
People with no saving and investing strategy will always end up poor again, eventually. Only people with a saving and investing strategy can hope to become rich, and stay rich, eventually.
Depending on how much I have after winning the lottery and paying off debt, I would definitely quit my job. And look for something else or do voluntary work.
The chances of you suddenly getting Rich are extremely rare….maybe 1 in 50 Million if you win a lottery. 😂 Riches take time, consistent focus on investing, starting a business, etc. Do the work, don’t watch crap like this
Point #4 is incorrect. Don’t let it sit in a bank account. Get it into a money market account or use a sweep to spread the total amount amongst several accounts. Bank accounts are only insured up to $250k.
I know a guy that opened a medical facility and made huge sums of money. He was a risk taker and it paid off. Something I will never forget is he gave his inheritance to his kids in life. So not everything but he made them millionaires. The fast life caught up to him but its like in him accepting himself and choices he also chose to see his kids enjoy a part of their inheritance. Good thing too because he was plowing through money like it was going out of style.
Find a lawyer and create a family Trust. Initially, only invest in US Government Treasury Bonds. Don't tell anyone you have money. Wait. Never risk your capital.
No one in the international financial world wants to buy US Treasury Bonds now. As more and more countries leave the Petro Dollar, they are unloading US T Bonds. I'd go for precious metals ASAP. Personally, I'd trust Miles Franklin company with that.
Pretty basic intuitive suggestions. Surprised people don't already know most of this. 1 thing missing, plan to be charitable, in fact learn to be a giver before you get money. If you're a stingy poor person you'll just be a stingy rich person.
Call the jp morgan they will help u...private banking system just don't sell us stupid policy and they will help you to grow your portfolio Ps: My advice isn't free consider large donation 😬
Some banks offer decent apr rates. Even coinbase offers 5.5 April on usdc. So getting 55 grand and ownership of your time isn't a bad place to start while figuring out. NFA
Videos like this for the most part are good. But they seem to be focused around people that don’t have financial issues to begin with. People struggling just to eat every day. People struggling to pay rent let alone keep their vehicle running. I’d like to see videos that focus around people who come in to a large amount of money, several million, but maybe they live in their car at the time. Maybe they are sleeping on someone’s couch. Maybe they’re deep in debt and out of work on top of everything else. Because let’s face it, those people really need the help.
The fact that you are also using the same word that I practically preach to people certainly puts a smile on my face. I've always stated that one of the main things that's needed in life is "BALANCE". Those who know me know that I say it on a fairly regular basis. Thank you for this. Makes me feel as though with all the ups and downs in life, mentally, I've been on the right track. Cheers and keep the vids coming.
