I can’t express my level of gratitude towards everyone who has supported the channel in the past 4 years which has enabled me to make this leap. Thank you guys, I hope this is just the start of something great! Thanks to Trading 212 for also sponsoring this video, be sure to grab your FREE fractional shares worth up to £100, by signing up to Trading 212 using the following link: www.trading212.com/join/MITCH.
Hi Mitch, great video as always, I’ve got something i’d like to run by you that I hope you might be interested in. Do you have a way I can contact you directly?
Given the ongoing global economic challenges, it's crucial for everyone to diversify their income sources, especially those not dependent on government support. Now is an ideal time to explore investments in assets like gold, silver, and digital currencies such as Bitcoin, Ethereum, and XRP. Thanks to Loraine Souvenir for her outstanding proficiency and guidance in these fields.
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 against next year. Hope to make millions in 2024.,..
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.
I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
Good on you Mitch! Your channel has been invaluable for me! Started watching during Covid and it was major influence on me starting to regularly invest! Long may you reign!
Brilliant mate. Many congrats to you ! I own a couple of businesses myself after working a corporate job for 15+yrs. work / life balance on your own terms really is one of the best achievements anyone can make. 👏
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte 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.
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 don’t think i need a finance advisor. I can manage my own finances and investments. I don’t want to pay someone to tell me what to do with my hard earned cash.
my friend you might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short term and long-term goals, optimize the tax situation, diversify your portfolio, and avoid costly mistakes.A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations.
The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
The power of leverage. I was always told that real money is made using the leverage of other people’s time or money. Regardless you need skills and experience first and you can only really get that under the employ of someone else. Question is how much capability do you need before going out alone. I set up my business after 30 years in work but initially it was just me, then a handful and now many. Growth follows an S curve and years are spent at the bottom of the S before growth starts.
Congratulations Mitch. Completely agree with you that at no point in my 14 years of education in the UK was I ever taught anything about the importance of managing finances. Information you provide here is invaluable.
Great video, Shane! You made some excellent points. One thing I'd add is the inherent risk in becoming a creator. Unlike traditional jobs, there isn't a guaranteed income or job security. It requires a lot of self-motivation, discipline, and sometimes a long period of uncertainty before seeing success. The pressure to constantly produce engaging content can also be mentally taxing. However, the freedom and potential for personal and professional fulfillment can make it all worthwhile. Thanks for sharing your journey!
You can't be a millionaire without hard work, except you inherited. Even, more hard work is needed to stay afloat in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. Now thinking of how to protect my $120K-worth stock portfolio from decline, but haven't figured best approach.
Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle finances properly. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows. Don't go for penny stocks.
Opting for a brokerage Adviser is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 300% since 2020
If you’re worried about your teams status saying you’re away just set up a meeting invite and invite no one else - join the meeting and walla, always ‘in a call’
Good luck Mitch. I did something similar years ago. I didn’t have the RU-vid alternative to fall back upon but I realised I learnt so much more by being out of the salary comfort zone. Keep the videos coming. 🎉
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
Well done Mitch, hope this works out well for you and should also benefit your followers too 😅 you're definitely right about schools failinging us when it comes to education on personal finance.
Great piece.....I've really enjoyed your very transparent and relevant content....well crafted, good cadence and informative....whilst being entertaining and informative I wish you well and look forward to future videos
Love the channel Mitch! Well done on your progress. I'm investing monthly but with three children and other outgoings its hard. Im committed though and will continue to educate myself 👍
Good job Mitch. Inspirational and informative. I got two things to enquire about: How old were you when u started investing in stocks. Would your financial status as of today be the same if you hadn't had that banking job ?
Thanks dude! Great question.. 1. I started investing when I was 21 with the first pay packet from my banking job 2. Absolutely not, my job helped me a huge amount financially to get where I am today
Great job Mitch. As someone who works for an investment bank I understand your rationale and also like to see someone escaping the rat race for a positive reason.
Finding meaning/ purpose. Struggle so much with this. The pivot from banking to personal finance RU-vid makes sense. But what do you do if you are not interested in the sector you’re in right now 😅
Yeah it’s super hard if you’re not sure, or just not sure how you would monetise something. I’d always say start with something you enjoy or have an interest in. Like other I enjoy which I could monetise are F1, DIY, travel etc..
@@MitchShoesmith I’m loving the channel at the moment mate, and I’m sure your content is helping many viewers to keep on top of the complex world which is finances and investing as well as help slightly younger viewers like myself (16) learn for the future, so many thanks. As a fellow F1 fan (probably told by my pfp) if you wanted to monetise your interest in F1, what routes would you consider taking besides content creation? Just interested as I also often try to generate ideas for monetisation routes of my interests, in case I wish to pursue something similar in the future.
I'm convinced that investing $50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around $200k in a HYSA and want to invest. What are the best opportunities now?
I believe investors should start with S&P 500/ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I've stuck with the popularly ‘’Melissa Elise Robinson” 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 Melissa after inputting her full name on the web, she seems highly professional with over a decades of experience.
As someone who clearly understands a decent amount abouts economics and finance, what are your thoughts on mass immigration and its effect on the financial state of UK citizens? Do you believe having fewer people in the UK would drive wages up and house prices down? Do you believe that growing the population significantly over the last decade has improved the economic situation in the UK? Many thanks
Absolutely. Time, or more importantly the ability to be in control of your own time, is the greatest asset we have. It's why so many people are miserable in the corporate trap rat race.
Not a lot unless RU-vid clamps down on it, I’ve got word restrictions in my comments section to prevent it, and I delete as many as I can but it’s a continuous losing battle
I just did what I could reasonably afford at the time, now I’m self-employed though I’ll be doing my best to make big contributions to my SIPP as its corp tax deductible up to about £60k a year I believe - need to double check this with my accountant though!
@@MitchShoesmith dont forget about previous years allowances aswell. Companies are probably restricted to the £60k per year (not 100% sure) but you personally could put into your SIPP in addition to the £60k if you havent used your allowance in previous years. Worth considering if the cash is there in the company. As always, check with you accountant!
Hey Mitch ! I loved this video . I work with entrepreneurs like you who have around 50k subscribers to help them to grow to 100k subscribers in under 6 months with Proven Strategies and systems . I actually helped Chirag to achieve 92k subscribers in under 11 months . Could I do a free audit to see if I can help you do the same ? I just think it's really important that more people see your content and want to help you on that mission
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
