Great ideas here. My issue is most of these videos are always geared to the US. An episode tailored for persons who do not have access to US stocks, index funds or any other US investments would be great.
Faith the size of a mustard seed will move mountains. The hardest investment is your first one. After you get the hang of it, you'll be on your way to retirement. I do DCA (Dollar Cost Averaging).
Emergency fund should consist of at least 3-4 months of rent/mortgage, plus all applicable utility bills , plus food and gas/transportation, and must include all members of your household. If you can't save that up in less than 2 years, your living beyond your means, and should probably re-think your strategy and goals.
Great insight! Best way to build wealth is to start investing at a young age. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great investing book for teens.
Put it in a savings account, and then work 50+ hours per week at $40-$50 per hour, or work longer and harder at a lower rate, or more difficult work. Anyone promising you a "safe" way to turn $10K into $20K in 30 days with an investment approach is likely scamming you.
My advice to new investors: buy good companies and keep them as long as they are good companies. Just do this and ignore market predictions and opinions which are funny at best but completely useless. I put in 50k in TSLA, NFLX ALB stocks with the help of my F,A Janet Santa Sherry and made 220k, but guess what? I put it back with her again and now I’m rounding up close to 500k. Focus on the company not just the stock price.
Please do not ever buy a house if you can only manage to save up 5k in cash. You are too poor if that is all you can manage. Zero down loan? Never do a zero down loan. You are going to spend tens of thousands more in interest normally little lone in this high interest environment. Lastly do not buy a home when the market is at its peak of its continual ebs and flows. Alot of this advice is trash. Also returns on real estate are not as high as you think they are. Only way you are making bank is had you bought a home in 2020 early and sold in 2021 or 2022 at the peak. But then better be goung back to moms to live cause that 100k you "earned" will otherwise be spent on another home that equally went up 100k so you are not making any money or equity on a likened quality next home.
@@TrollinOn22s PMI is just mortgage insurance. I didn't even mention it cause only poor people can't or won't put 20% down which automatically eliminates PMI. There is still the mortgage interest which is the biggest factor in loss of wealth.
