Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.
Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
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
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve.
Is this a good time to buy stocks? I know everyone is saying we are in the bull market and all, but obviously there are strategies to maneuver when there is a bear market but these strategies doesn't come common to the average folk, I'm attempting to create a portfolio for me and my children that will at least be $900k in value.
Making touch with financial advisors like Zachery M Demers who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
The issue is most people have the “I want to do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 330% since covid-outbreak to date, summing up nearly $1m. >>>::::
The issue is most people have the “I want to do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for in-vesting jobs and at first-hand ex-perience, my portfolio has yielded over 330% since covid-outbreak to date, summing- up nearly $1m.
Her name is-. 'GRISELDA ELENA JEMMOTT’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.;;;-
In my opinion, if you put money into investments and have additional sources of income apart from dividends, you can rely on dividends without needing to sell. This allows you to pass on that income to your children, giving them an advantage in life.
That's right. That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
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 some money in value stocks and digital asset, i accrued over $80K in dividends last year
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.
We Are in Unchartered Money related Waters! each day we experience challenges that have gotten to be the modern standard. In spite of the fact that we already seen it as a emergency, we presently recognize it as the unused ordinary and must adjust appropriately. Given the current financial challenges that the nation is encountering how can we upgrade our profit amid this period of alteration?
Currently, my primary concern is finding ways to boost income whereas confronting periods of quantitative facilitating, as I cannot manage to observe my investment funds reduce.
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 some money in value stocks and digital asset, i accrued over $80K in dividends last year
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.
The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?
Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.
Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.
@@NebulaQuestor bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?
Yes indeed.... Melissa Elie Robinson has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Time is the biggest asset that most people squander. You really only have 5 chances from age 25 to embark upon a low risk 30 year investment journey towards financial independence. After that, it's certainly possible but gets harder the longer you leave it
I agree, With the $2 million I got from selling a property, I began my investment journey in 2022, and now my portfolio just surpassed $50 million yesterday. I'm reinvesting the returns into real estate to further enhance my financial growth. My advice is simple: if you can start your journey to financial freedom early, do it. The earlier you start, the more time you have to grow your investments and secure your future.
How did you grow your portfolio to $50m, I'm impressed, I have a lump sum in the bank, the rates are not impressive so I'm moving it, what's your cash flow like?
I have a financial advisor (trader) she grows my liquid assets and I reinvest the weekly payouts back into real estate and long-term ETFs like VOO and SCHD. I have also started acquiring some tech ETFs, including IITU and IUCM.
I had problem comprehending trading in general. I tried watching other RU-vid trading channels, but they made the concepts more complicated. I was almost giving up until when i discovered content and explain everything in detail. The videos are easy to follow
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.
I'm an amateur investor with a portfolio of 270k but it's hard for me to build confidence. I want to invest another 140k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks this year. Hope to make millions in 2024.
There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts
@@EdmundEthan093 I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
@@roxdietren once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
@@AlfredStephen127 Claire robert’s Durand 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.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
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 surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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
I'm curious, for someone with around $50,000 to invest, how would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
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, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Monica Shawn Marti 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
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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
Personally, Investing took a new turn for me when I moved away from guru advice and delved into thorough research. Starting later meant I couldn't solely rely on compound interest from index funds. However, my research paid off beyond my expectations, In the first 21 months I made $1 million in returns
Consistent results aren't luck. Research was the challenge but it led me to Emily Ava Milligan, a top fund manager, her strategy made 112k into this, and counting
Woah for real? I'm super excited. juliana strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started
I live in Calgary, Alberta🇨🇦 and I have just retired at 54. She's recognized as 'Mrs Juliana heidi, one of the finest portfolio managers in the field and widely recognized; you should take a look at her work.
5-10 million is absolutely not easy easy to achieve. That put puts you in the top 2%. It took me 40 years to achieve 16 million. Can’t do it as an employee unless you are living in a tent. I achieve it by being a business owner.
It depends what kind of “employee”. There are employees who make a lot of money. Doctors and Lawyers are still employees. Technically even an NBA player is an employee lol.
Spot on. The most money a person can make working for someone else is capped. I mean even brain surgeons only make like $500k maybe? Before taxes? All the while there’s some guy in your town making the same amount (or more) with medium sized plumbing company. Working for yourself is absolutely KEY to building wealth beyond 10 million
When working my first job, the plan was to go from E to I(19% into 401K, and 10% into brokerage account), I did that well until our company was sold 23 years later. The I calculated that if I did not touch my 401K until retirement, I would be set as long as it maintained an estimated 5% growth for 22 years. Then I created an LLC to sell my skills. That did really well and I was able to add 50K/yr to my solo 401K, until I decided I would rather stay home and work locally which is a lot less money. But since I did not have to contribute to a 401K anymore, it was like I was earning a lot more. So the cash flow quadrant was an eyeopener and helped me to progress through my career.
Let it default. Pay food, lights and heat. Taxes, mortgage and debt are gone when you pass. They can’t pass them on to your loved ones. Sounds crazy but it’s true. Survive for your last years ma’am.
@@GeorgeKamel I am very thankful that my parents paid for my college. That really helped! I plan to pay for college/trade school for my future children. Will set up a 529 plan.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
Look for stocks and crypto that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024
Rebecca Victoria Wesley' is the licensed coach I use. I met her at a conference in 2018 and we have been working together ever since. Sincerely speaking. I will continue to trade and stick to Wesley's daily signal s/ guides as long as it works well for me..
Better to think of wealth in terms of purchasing power. People have anchoring biases to round numbers like “$100k income” or “millionaire” or “$10 million.” The value and purchasing power of these numbers is constantly eroding. Your idea of what these numbers mean is typically rooted at a point in your youth. By the time you reach “x number” it won’t have the value you think it will. This isn’t to discourage you from investing just to not fixate on a number. The discipline to create wealth is more important than the wealth itself.
I recently sold my condo for $400k and i want to invest the money in the stock market. However, it appears the market is at an all-time high. Should I invest elsewhere or wait for a market correction?
The stock market is risky But staying on the sidelines is riskier. Missing the next bull run will be far more costly to your long-term wealth than getting in at the "right price". Consult a financial advisor if you're unsure how to proceed.
You're right, I and a few Neighbours in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 37% in the last quarter
Mind if I look up your advisr please? I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now
I've stuck with the popularly ‘’Laura Grace Abels” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Laura after inputting her full name on the web, she seems highly professional with over a decades of experience
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.
Great video George! 🙋🏻♀️veggie tales, Magee and Me, donut man! 🤩 my children watch them now too! I couldn’t let them miss out on all the awesomeness 🎉🎉🎉 We are 40 year old, debt free, everyday millionaires with 7 homeschool children 🙏🏼. We have an amazing hardworking daddy
IDK why I'm watching this, I'll never make near this much in my lifetime. I'm 32 and make 12k a year. Still, fun to dream, also George is just fun to watch!
You can do this, you are not trapped. I’m 24 and sometimes my grind feels like it is moving much slower than others. I am also in ministry so I can not and will not be focused on where I earn the most. I will be focused on where I can be effective for the rest of my life. That being said, I know you can do better than what you have right now. Branch out. There is only room to move up from 12k. If you can show up on time and make an effort, you can find a job you enjoy that yields 3x or 4x this amount in less than a year.
@@matt9741 unfortunately my 12k is from disability. I'm going to school soon with the hope of trying to be able to work again but it's not a sure thing. My hope, really, is to get a degree in business administration, get some experience and money and then start my own business selling clothes sourced from American fibers and manufacturers . It's more of a fantasy right now but I'm taking my first steps next month with my first semester in community college
Yeah, I will never get there but I am okay with that. It's just not for me, not worth the hustle. I am very comfortable and will have a great retirement. I am satisfied with that!
My childhood. Magee and Me, Vegetales, and Adventures in Odyssey (both cartoons and radio show). My kids are getting these with Bluey for a double whammy childhood.
You need to be much more clear on this. Anyone can build a passive income through investing savings (typically in stocks or real estate - though this typically still takes time), and everyone really should be. Ramsey's steps assume investing savings. Level 4 is really done on the side of whatever you choose between "levels" 1-3.
I remember working at Vanguard during the 2007-008 crash. Today's drop is very reminiscent. but i think it's great opportunity to pick up some dividend gems at a great starting yield
Great video! However this video is mainly focused on American citizens. How would you suggest someone on a work visa in the United States that can’t work more than one job (40 hours/week) cross $10M?
For those wondering, it is possible to reach $10 million at retirement age, strictly through investing, but you need to be a high income earner and start early. If you started at 18 years old investing $1,472 per month with a 10% annual return, you would cross the $10 million mark at age 60. Now if you wanted $10 million by 70 (which is much more achievable), you would need to invest $561 per month, starting at 18, with a 10% annual return. This just shows how much time is your friend or worse nightmare.
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.
If you like to talk to tomatoes If a squash can make you smile If you like to waltz with potatoes Up and down the produce aisle Have we got a show for you VeggieTales VeggieTales VeggieTales VeggieTales VeggieTales VeggieTales VeggieTales VeggieTales Broccoli Celery Gotta be VeggieTales Lima beans Collard greens Peachy keen VeggieTales Cauliflower Sweet and sour Half an hour VeggieTales There's never ever, ever, ever, ever been a show like VeggieTales There's never ever, ever, ever, ever been a show like VeggieTales It's time for VeggieTales!
You have pretty much described the Cashflow Quadrant by Robert Kiyosaki. Employee/self employed on the left. Business owner/Investor on the right. Not sure if it was intentional or not given how much Dave and Robert's advice differ so much lol.
And even the poorest person around would not want to trade places with you because you'll be dead. There is no prize for being the richest guy in the cemetery.
@@livingunashamed4869 So let me get this straight. You want your "legacy" to be centered around money and material things? Even if you manage to accomplish that shallow goal, unless you're exceptionally wealthy and accomplished, you'll probably have a shithead heir within 1 generation, at best 2 generations, who takes all your hard work and pisses it away. Any amount you can hope to make can be spent quite easily unless you're in the bezos or gates league. You'd probably need hundreds of millions or even billions if you hope to be remembered more than 20 years after death.
Legacy. LOL! You will be completely forgotten within ten years if you’re lucky. Probably five. If legacy helps you get comfortable for the big dirt nap, have at it.
@@rexrexrex992 I've noticed this weird new obsession/trend on the internet with "legacy" and "building generational wealth". It's just the thing for now in the finance youtuber space. A "legacy" is overrated and people like the idea of it because people have a desire to become immortal and this is kind of a way to do so.
I reached that goal PLUS a lot more!!! My financial advisor called me on January 2024 to tell me my investment portfolio grew by over $1,000,000.00. I was literally making more money while I was asleep than working at my current job as a medical director for a very large health insurance company (gross income for 2023 was over $700,000.00). My wife wants to come out of retirement to work because she is BORED. The problem is her anticipated job would push our gross family income to over $850,000.00 per year!!!! She would literally be paying the state and federal government to work!!! 🤣🤣🤣🤣🤣🤣
Are we talking $5-10 MM in 2024 dollars or 2064 dollars (which would only be about $1.5MM to $3MM in 2024 dollars)? I’m guessing we are talking the former.
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
A wise individual understands that accumulating wealth necessitates prudent investments and informed guidance in the financial market, particularly during a stock market crash. While the stock market presents opportunities for maximizing profits, successfully navigating it requires skill and expertise.
It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.
Having an investment advisor is the best way to go about the stock market right now. I used to depend on RU-vid videos but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
This reference seems valid.. Just looked up her full name on my browser and found her site without sweat, over 15 years of experience is certainly striking! very much appreciate it
You do what gorge did. Find a nice good looking lady with no kids, no debt and money in the bank. Together being debt free with money in savings can become millionaire's. Careful who u date and wanna spend the rest of your life with. For everyone else, it's a challenge : bad relationship, other ppls kids, single and over flow with bad debt , feel too old. It can be done. It's up to you
