I like how you spoke about the “traditional career path” role in building wealth! I always meet the drop-out/quit-get-rich-quick story with skepticism. It may have worked for them but not for most people!
Absolutely, those stories are all filled with survivorship bias. For every drop out that makes it big there's 1000 that end up 10 years behind their peers financially
So true, I get so tired of people telling me the only way to be successful is starting a business. I don't want to start a business, I have enough in my life and I'm not at the position to take those kinds of risks. At least not now.
This is one of the most down to earth, practical "guides" to wealth building I've seen so far. None of the "get rich quick" trends you see everywhere on youtube now. I like that you mentioned how starting a business may not be for everyone, because it really isn't. Not everyone is interested in that kind of endeavor where you end up working even more than on a regular 9-5 job. Love your content btw!
I have binge watched so many of your videos tonight and subscribed. I pray your channel continues to grow exponentially! Your content has been such a blessing for me, I feel encouraged that it's not too late for me to get on track 🙏🏾
Thanks for this video! I have 2 of the 5 wealth building strategies working for me right now but I have not taken full advantage of the Vanguard account I have. I have some research to do as a newbie investor but this made me feel like I'm on the right track so far.
Really love your content overall. I’m surprised for real instate investment you didn’t mention you’d need to deduct the cost of closing costs and property taxes from your profit as well. I think this is often overlooked by people and makes them think they’ve gained more of a profit than they actually did.
Tae We are so appreciative of your clear concise videos…. I’ve been able to really gather additional tidbits to optimize what I’m doing with building wealth via investing I chose Vanguard as it was suggested by several colleagues and friends who are on there journey of being wealthier… Again THANK YOU
What I love about your content is you aren’t advocating for people to get rich quick/get in get out/etc. I’m looking to build for as long as possible and I know that it’s not something that comes quickly. Thank you!
Commentary on bonds didn't quite fit the experience of the past year... Granted, it was a once in 150-year bond event, however looking at bonds over the past 40 reveals a consistent drop in rates (Driving up bond prices). That era is over, and I expect bonds will behave much more like stocks over the next 10 years or so (i.e. volatile).
