Currently, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash right now.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
I agree with you! I've diversified my portfolio across various markets with the aid of a financial adviser, I have been able to generate a little bit above half a million dollars in net profit across high dividend yield stocks, ETF and bonds.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with *KAREN* *MARIE* *GENDRON* for about five years now, and her performance has been consistently impressive.
Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.
To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. Risk comes from not knowing what you are doing.
I am a dividend investor for the most part but I have bought Tesla stock a couple of times. However I have bought Tesla stock again and will hold for the long haul this time.
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
On your own you could seek out several of these financial advisors, make sure the one you settle on is a fiduciary and not a fake. Know what you're getting out of it and see if your targets can be met.
As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. 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.
Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.
'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.
I love how she doesn’t get boxed by the content she makes and always switches up the format yet still manages to educate us on news things and new topics
I like your list of habits. However, one thing about you, Shelby, which doesn't apply to everyone is that you have always had a supportive family. You had that as a cushion, especially when you started out as a teenager on YT. I would say that all very successful "high net worth" people have supportive family and/or friends they can count on. Connections. Many people out there who want to make money and be successful don't have that kind of support and may even come from very tough or abusive backgrounds. Or have experienced homelessness. It's super hard to dig oneself out of a bad situation or get anywhere in the world when you're alone and have no safety net.
Definitely true. I have had no one ever (family is a write-off), and it's been tough going for me. Still grinding, but I don't think it's going to happen for me.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you.... prevent inflation*
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
Thank you Shelby, I'm happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my first house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Judith M Layton for helping me achieve this.
Wow. 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.
How does this video actually give guidance to the poor? Like investing in all of that is good, but requires money from the get-go, which many who look to this video probably don't have. The advice here is rather plain and hollow.
Let’s be honest too. Just by looking at Shelby, she’s a go getter and a hard worker. She’s the type to grab the bull by the horns, if you’re not that type, it doesn’t matter how many videos on YT about becoming a millionaire you watch, you’ll never get there.
I agree but let's say the obvious, her beauty has a lot to do with it as well. This is not a shot against her, but I have seen better content creators with no where near the beauty she has and they struggle. She's a great creator but to act like her beauty and sex appeal has not contributed to it would be dishonest at best. Point is the beautiful people have more of a head start for success than those without.
@@PatrickMastersProductions I’m 1000% gay so I don’t know how her looks influence my interest on the video, but either way, her content is interesting and that’s why I watch.
I think Shelby is more beautiful on the inside than the outside and that’s why I have been watching her for years. She’s smart and a fantastic creator! ❤
@@gregap8282 Understood and agree for the most part. I am just pointing out for those without the attractive looks, it is much harder to get viewers no matter how engaging and informative the content is. Having beauty certainly helps just as much as working hard and establishing good content creation habits. Again, it is not a shot at Shelby or her fans at all. People are naturally drawn to beauty and that helps a lot.
That's right, important and helps, but not the real reason. You have been at the right place at right time starting youtube. And think and feel the right way is the foundation of success
BTC can disregard techincals when in a bull, did that in 2020 when it crossed previous ATH... stayed there a few weeks and continued pumping like crazy to 60k. Also, there is one constant... when around 90 on monthly RSI, the end is near. And don't expect crazy price targets of 500k... expect around 100k at most and be happy if there's more after that. If you believe big boys and CEO's of big invesment firms saying targets like 1M this cycle.. you deserve to be their exit liquidity..It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3B'tc to a decent 21B'tc in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
Among all the youtubers I've seen grow their wealth, you are definitely the one to deserve this 100%. Your videos are very informative and will continue to support you! 🎉
Great points. I’ve followed your journey over the years and love the good reminders. I’ve been fortunate to get my business off the ground with RU-vid - the improvement I need is the monthly investing!
Thanks for being so down to earth and transparent about what you did! I like how you really aren't bragging about your wealth and genuine about sharing knowledge. Thank you!
Would you rather be rich, or happy? Is being content the goal? If you feel content, you're satisfied,THAT is true wealth. For some, the money is never enough and they remain unhappy. Much of what you spoke about is true; discipline, a "stick to it" attitude, acceptance of failure being part of the journey to success, but don't confuse wealth with happiness, they don't necessarily correlate. While this was a well done video and congratulations on that, you missed something really important: True abundance is not measured by what you have, it is measured by what you give.
No, wealthy vs happy is not an either or situation. You can have wealth and be happy or sad. Similarly, you can be poor and have either feelings. You would be surprised how many lower income families are very happy. If you are materialistic and want lots of nice things, you better find a way to make enough money to buy them or expect a very disappointing life. Unearned wealth such as winning the lottery or a big inheritance brings long term sadness in 75% of the situations.
@@johnpoldo8817 The point is money for the sake of money does not mean happiness in all cases despite what marketing sells us, large amounts of unearned money can and does bring problems on it's own. Lotteries, amongst other things, well, most people know how to spend money, its what we are taught, not a lot know how to make money.
I missed the part where she said wealth = happiness. The point of the video was how she became a millionaire. Her content never seems to focus on wealth being the essential ingredient to happiness. Instead, she often addresses the importance of connection, friends and family to her own personal happiness. She didn’t miss the mark here-her video was completely on point to the topic.
This is such a great video! Been following you for years now & tbh, I’m not surprised to see all you’ve accomplished! I can see all the work you put in on & off camera, all the different ventures & strategic moves you’ve made with investing, real estate, etc. Despite everything, I love how you’re still so driven to level up & accomplish more & keep things fun & interesting. Way to go Shelby! 🎉
The great thing is we have followed your success story through watching your videos over the years. Makes your advice a lot more relatable and applicable.
Shelby you are so brilliant and inspiring to the people our age. It’s so nice to see an influencer that is transparent and isn’t full of themselves. If you ever hosted a seminar or meet and greet my fiancé and I would definitely be there!! Please don’t ever quit RU-vid (unless it’s the best lifestyle choice for you)
Very good points here. My best advice to young folks - read The Millionaire Next Door - outlines the characteristics and habits of the wealthy. Get rich slow is almost guaranteed.
YES! Thank you for validating my habit of just rolling out of bed and getting to work. People are overly obsessed with morning routines, and if I did half of the stuff other people suggest for the morning, I would get nothing done! Thanks for sharing what works for you in an authentic way.
You forgot something… there’s a difference between being wealthy and being rich. Do not live on credit, live your life debt-free. If not, then you’re just working for the banks.
@@briansprayberry8844 What does that have to do with it!?Either you are a go getting or not. Shelby is a go getting that is what makes her successful not who her parents are.
She never said that this is going to make YOU rich. It is her experience and insights. If it works for you, fine. I don’t think it has to be someone’s role to say to you to take things with a grain of salt.
BOOM! Your #1 habit was exactly what I needed to hear and I'm pretty sure most of us did. Action is key to getting started and consistency is the secret sauce.
Shelby, this by far has been my favorite video of all time. You smashed this out of the park. Every word you spoke was spot on! My goal is to make my business worth 10 million. I have a coach right now that is keeping me on point. I simply adored this video and intend to come back again and again to hear and see your words of wisdom!
Goal net worth: $10mil. I am so far from it, but that's the number i think i could comfortably retire and still be a support system to my family when they need it.
A common goal for retirement (in CA) is 10M in “cash” or cash investments. If you only manage to maintain 5% interest per year, it gives you $250k/yr to live off of, without eating into your principal.
I have the same goal. Net worth at least 10 mil. It depends on the market, luck and some knowledge. My job will never get me there. But I can get there by investing.
Another habit I try to practice…living well below my means. Goes along with the investing one. Lifestyle creep can be really tricky to avoid but so financially freeing when you do so.
I’ll buy a house as my primary residence with a 30 year loan, live in it for a year or two, rent it out, then buy another and so on and so forth. I’m 29 and own 4 houses, and 3 of them are rentals! I’m not a millionaire yet but it’s been a fun journey for me to build some long term wealth. And I love helping renters! Not everyone is in a position to buy a home. But I’m also a licensed agent, so once they are ready to buy, I can help them with that as well.
Great video! A habit that has helped me is to have a “maintenance” mindset. Spend the money to maintain what you already own. It’s costs a lot less to change filters, repair leaks, top off fluids, than it does to buy new. Manage your financial life in the same way - maintain your budget, keep track of your spending, consolidate accounts, etc. Maintenance isn’t as fun as replacing, but it’s how to build a high net worth.
Great advice. The reason I watch your channel is your exceptional discipline. It is an incentive for me and I believe highly disciplined people are the most successful. You and Monica both fit that description. 🙌🏾🙌🏾🙌🏾 I hit my $1mil goal a while back, but want to increase cash in the bank.
Shelby never listen to the "sure but" people. Jealousy shows it's ugly head in people all the time. One of the first signs is when people say, "Sure she's rich but she's pretty or went to college or is tall or has a rich family or started early in youtube or comes from a good home or blah, blah, blah." These people DREAM of doing great things without ever TRYING to do great things. "SURE BUT' statements are a jealous way to refuse to give credit to those who are willing to persevere to achieve success. True success comes from using what YOU have, not from pointing out what you have not. If you have a hammer and nails maybe it would be difficult to build a skyscraper, then how about a chair to sit in....start there. Thanks for the video and inspiration. Keep up the good work.
So, I have watched you and Monica for years and have learned a lot. I want to start my art business (Colored Pencil pet Portraits and wild animals in colored pencil) and want to teach on here beginning drawing. I am starting to collect my equipment and all that. There is a lot of this out there but we all have a voice and I believe every voice has a place and you can reach people that you touch in how you manifest your own style and view. So, I will put to practice what you are suggesting here. Thank you! ( I am 66, btw :) )
yay yay yay! i love PF content, and i love that you reached your $1M goal in your 20's! well done, it can only gonna get easier to hit your goals from here. so motivating!
This by far is one of your best videos. Very valuable info on your best habits that are valuable to all. Love you content and your mindset. Super Thanks!
such a good video, for me it has been hard to grow like i am at 42 and trying to reach 1k so i can focus on content creating but getting there has been so hard and people rarely watch the videos so at times it just feels easier to quit but i dont want to because i love doing this now and i am just hoping to reach 1000 by the end of the year and will keep putting in the effort for hopefully good results!! 💚💚💚💚💚
You can do it!! I can relate to this so much! It’s so hard to keep going when no one is watching but I can see from your videos people are watching! Your comment section on one of your videos is so engaged! Keep going!!
I am going to be in a Millionaire in less than 2 Years! My RU-vid channel is going to blow up, by using the Feedback loop, failing oftern, learning, persistance. Thank you Shelby for the Inspiration. Tts awesome to see what works and dosen't work! Blessings
Well done Shelby, on all you've accomplished. You're a hard worker and deserve all the good things that come your way. You're a good person. You have a lot to be proud of ♡
Thank u Shelby! I’m 52 newly divorced. Starting 2 of these TODAY. Vulnerably published my journal on healing from divorce called THE SUN ALWAYS PIERCES THROUGH ☀️
I would never want to have a net worth of a million dollars. mo money mo problems isn't a lie. I absolutely love living paycheck to paycheck. I make enough money to live how I want to live. That's it. No extra money is needed.
A great reinforcer for people past 29! How many more mature folks has cut back on exercise or let failures bum them out? One of your best videos this year.
Between shelby and her sister even tho they could both pull the “looks“ card you walk away from their content stocked with useful information. I have no idea how the algorithm decided to show me their work but they represent a thankful ray of sunshine amidst the nonsense that otherwise fills social media
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of m $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..
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
all she did in the video was buy 1 share every so often of "VOO" which is a Vanguard fund, which tracks the S&P 500, kinda like a 401K but she is buying shares every so often herself on an app instead of the 'managed' 401K. The S&P often goes up over time, but buying shares (especially when it has gone down) can over time increase the value of your money. Just consistently buying 1 share (or even fractional shares where you can buy a fraction of a share if you dont have the money for 1 share), over time likely increases. Your fund can sometimes loose money- there is always risk (like dips during housing crash and covid) but it usually rebounds. Vangaurd funds that track indexes like (S&P, Nasdaq, Dow) are the safest bets. I WOULD NOT "day trade" if clueless as people often will loose their money and NEVER buy penny stocks. Take it safe and buy parts or 1 share of Vanguard funds every so often is the message she was doing.
Good video! Influencer money (or any other high paying job) does the trick though. I live all of these habits and unfortunately, I still won´t become a millionaire by the time I retire unless the stock market goes super super well. A lot of jobs don´t pay that well as youtube/ influencer jobs do. So you can only invest so much. And not everybody can and wants become an influencer. Luckily, because we need people working all kinds of jobs (low, mid and big salary) for society to work the way it does.
I think it's also important to acknowledge the luck factor. No hate (and I really enjoy these videos!) but it's important to keep the perspective that following these habits and not reaching a goal like "$1m by 29" isn't failure. It's a great achievement (and credit where it's due!) but realistically it takes some luck in addition to good habits. Not that this isn't valuable advice that would certainly improve your odds though. IMO the most important implicit advice here is to follow your passions and define success based on that, not necessarily on a concrete monetary objective.
Shelly … truly an inspiration to all of us that strive to be financially free. I think the few millionaires I know personally are just regular ordinary people. This lets me know that they are just like you and I and we can do it too 💵💰Lastly my goal is $2.7 million 🙏
I like your advice. Congrats on becoming a millionaire in your 20s. My net worth goal is $1 million, and I'll get there eventually through compound interest alone. Of course, I want it sooner than later.:)
Thank you for sharing all this! Seriously, people dont understand how personal this stuff is and your finances, but you actually want to help others understand its possible for all of us to get ahead! and learn from any mistakes you may have gone through and they can prevent before hand!
Having a bias towards action. I love that phrase , well put. I had heard somewhere that a lot of us are net consumers ( watching tv,reading stuff online ,basically taking in or consuming stuff )and that what we should concentrate on is to become net producers. To make or produce rather than always consuming . Not sure where I heard that from but it’s helpful I think. Always love your content Shelby ,even if RU-vid thinks it’s not quite up to whatever , lol. It’s always great IMO. Make Monica post more often! Hahahaha ! Love her too! Oh and congrats to the new couple ! Excited for everybody! Love + peace!
Cooking is such a necessary habit. I am never eating out for as long as I live. I cook all my meals. Increase food storage to bank on pantry items if inflation feels impossible to beat or prefer not to take multiple trips to grocery shop. Turning an entire closet into a pantry can save on grocery bills & invest money for the long term. Also eating is like a lifelong need, so you might as well develop meal prepping and budgeting habits from just that. I'm 23 and my goal networth is 3 million. I'm hopefully gonna manifest that if I invest every month from what I save on cooking from home and groceries.
I feel this video so hard (despite not being a millionaire yet lol.) I sat out to be a Day Trader about 2 years ago, and i've had my share of failures, but i kept at it and developing better habits like exercising has done WONDERS for my discipline which was the real game changer for me. You should totally do a video on your failures and successes over the years!
Been watching you for a few years now. Not every video, but most. Always knew you must be well off with your success. Your millionaire status is well deserved.
Goals: $2.5-$3m, retire from corporate job before 65, work part time when I feel like it vs because I “have” to Starting early with savings and being consistent are 2 factors which will get to you closer to the goals. The power of compounding is amazing.
Shelby, what zipcode were you born in? What was your parents' net worth when you were growing up? For me, and most other people, we're told when to work by our boss. For people who make content for social media platforms, sure these tips are helpful. But for those of us that have to punch in, work, and punch out? "Invest your money" Rent and bills are hard enough to pay. You think $20 a month is enough to invest in something before I hit retirement age? You were born into a life of privilege and are giving advice that CANNOT apply to middle and lower class people. Making money is easy when you have money. For those that need money, these "tips" are less than helpful.
She’ll never actually answer your question because someone who grew up in poverty won’t become a millionaire by following this advice at all. It’s clear she’s from a wealthy background.
Great point... Rather than waking up early, investing (whatever little money you have), taking more risks, exercising, being good at failing, and having bias towards action, you should recognize that you're poor and stop trying 🤣 honestly, this attitude is "less than helpful"
@@fatcat22able she's not from a wealthy background but solid middle class as she mentioned both her parents are teachers in the public school system. but she been on youtube since she was 12 and since we know youtube is not just what kind of content you put out but also looks related too as in real life good looking people have better results at anything compared to non good looking people so by the time she was in high school she was already making money comparable to someone working a real job in teh 50k a year range then by the time she was out of school she was making six figures from youtube. then she got sponsors, in other platforms and being as smart as she is she also inveted in rental property stocks funds cryptos etc so it's not hard to imagine her being a millionaire by age 30. if anything given as much money is rolling in her coffers it would be impossible not to be a millionaire by 30. she's got the money avalance thing going on here. she even said in 2022 or 2023 she was making $ 1million a year from youtube. ok like to regular people that is incomprehensible in terms of just how much money is flowing to her pockets. she's beyond 1%. the IRS said you make $600k you're in the 1% she's now in the elite fraction of a 1% club. her sister monica church being a real estate agent in the seattle washington area can amass a yearly income just selling houses making $500k a year... not including her own youtube income...
