I retiring at 59.5 should at 200k in retirement me and the wife maxing out roths and saving to buy our first rental cabin we are 37 now hope to have at least 2-3 paid for cabins and over 1 million in roth by then we could live easily on the cabins and 5% remember boys health insurance on the pricate market is stupid expensive from 59.5 to 65 when you can get medicare
@@jasonleatherwood2172 I'm a long way away from retiring, but I'd like to retire early. I'm loading up my HSA which can be used to cover insurance premiums.
5% annual return is easily thrown out there for illustrative purposes, but not so easy to achieve! Where do i put £500k cash holding to keep cash safe for next 4 years? My concern is bankruptcy
When it comes to situations like this, it’s wrong to engage in a single option. I suggest diversifying into various options with high performance coupled with the experience and aid of a finance Pro will generate bigger dividends and balance volatility.Thankfully, I can attest to the success of this approach seeing my portfolio of $330k grow by 85% in 3 years.
@@kashkat987 this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
In the first point you glossed over “accredited investor”. So essentially if someone meets that criteria then they have more than likely graduated from the suggestions provided. It would make more sense to point out most people could not even invest and therefore should look at the alternatives suggested.
I am just back from holiday. Our Hotel offered to buy a hotel membership for 60K for 10 years (monthly payments, i assume) for 25 free nights within 10 years, some future discounts on rooms (i mean 15-25%) and on extra services or drinks. Weird? At any point on time you could see at least two couples who were sitting with a salesman and were about to sign. A lot of them really did it and got a vip-bracelet. We met one of the guests in pool later. He was talking about the biggest an investment of his life…
I got some fine stick fugure art on our fridge if someone with money to burn wants to throw some our way 😂. This art was even made with a good amount of whine.
I hear that fine art is a great way to launder money. That article could just as easily have said to invest your money in a star registry, because those stars always go up in value after people name them after their fiancée
Besides 401K, Roth IRA, and Real Estate.. Id say a Big asset that holds its value is Guns. Guns historically have great resale value and never go down in price as long as its a good brand for example Glock,Ruger, Browning, etc. Gold and silver are ok as well.
I'm such an art lover, but I would never "invest" in art, if I were a billionaire, I'd buy Francis Bacon's work to keep. I've seen these ads on Chrisy's auctions and just laughed...WWDD? ;)
To buy art you have to PERSONALLY buy investment grade art. Business Insider is not really a great source for information. Buying investment grade art means going through trusted auction houses and getting appraisals. The REAL financial value of investment grade art is TAX BREAK you get from donating it after it has been appraised. Wine is speculative unless you are an industry insider and understand wine futures that is less of an "investment" and more of a business if you get into it.
3:08 Art? There is a reason for the common term 'starving artist'. Besides, you have to know art in and out outerwise it is like throwing money at some random kid's drawing on the refrigerator.
Yes, spend time knowing what you're doing. It's easy for anyone to look at these things and say "Art? Ha! No thanks. It has no intrinsic value and only is worth what people will pay." True, but isn't everything that way? Anything collectible that has value has some sort of market. Contrary to popular belief, there are decent alternative investments if you know what you're doing.
What is wrong with individual stocks? If you know the basics of finance and how to read a balance sheet , then why not. If your talking to the mass of people who doesn’t have enough money for a 400 dollar emergency fund ,fine but individual stocks have treated me well over the years.
The Ramsey Solutions Team’s target audience are those who have the financial responsibility of a five year old, so they think everyone is too stupid to be able to make rational decisions outside of their plan.
Tax savings are a different subject. I can honestly say that if you think that if you cannot make more money than you can save off your agi then don’t invest in individual stocks, but remember that you will end up paying taxes when you start drawing off your 401k. The point is that do you think that taxes are going down in the future please let me live in that world.I will live off the taxes I pay today and cash on long term capital gains than defer and pay the future. What ever our wonderful government decides when I retire with the taxes then. Remember the trump tax cuts expire next fiscal year, then what?
i totally disagree with maxing 401k. Invest up to what the employer will match. They usually have limited options and wont get those 1000% returns like LLY.
I will be forever grateful to you, you changed my whole 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 Margaret Bryant.
I invest with Margaret Bryant too, she charges a little commission on profit made after every trading session which is fair compare to the effort she put in to make huge profits.
Amazing I also just started trading with her, she is the best at what she does with an initial investment of $1400 i made up to $5230 in just a week of trading with her. her strategies are mind blowing.
Paying in cash for real estate is one of the most financially stupid decision you can make. Leverage is one of the greatest compounders of your initially investment.
We love you George run from that cult Dave Ramsey solution you have no voice there his way or the the highway I know you have a young baby run don’t walk I am with you George you can make it
Some alternative investments do work, but any that are already sold to you as fractional shares is obviously already too expensive and shouldn't be considered. These are very risky and likely will generate very little to any returns, since most are often already into the six-figure and seven-figures. That leaves little room for growth. This is where you do your research for other undervalued alternative investments and begin value investing. Its not hard, you just have to do alot of homework to make it work for you.
@@Joenzinator Well, the key is to simply know what you're doing. Call me foolish, but alternative investments is where I have a big part of my nest egg at. I've studied the markets well over the years and know where to put my money. I have made decent money even flipping some items. There's decent money to be had, especially in undervalued markets.
@@vintagecollector5340 I wouldn't really consider flipping to be an investment. It's more like a business / job since it takes time. Definitely some money to be made, but it's only scalable to a certain point, because at some point it takes too much time.
"This article is riddled with affiliate links so recommending the things is suspect"- brought to you by Better Help. If you need some help, choose Better Help. Sorry man, you have to eat your own cooking- I agree with the content here- traditional investments are the way to go. Thank you.
