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?
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
Sharon Ann Meny 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.
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance.
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I agree. Im investing 60-80% of my income, not to mention compounded interest . Im having a ball being frugal. I used points and rewards to eat out and entertain. Smart people with discipline get ahead.
@@wolfiemcqueen647 you should almost never eat out. but kudos nonetheless. let me know if you want to earn 5% in a savings account. also, do you us upside for gas purchases? if not I'll give you a referral code.
It seems certain stocks are undervalued, flying under the radar despite their potential. You can't help but wonder when the market will recognize their true worth. How can I invest $600K wisely to ensure our future security?
It's frustrating when market inefficiencies persist, particularly with undervalued stocks. Consider consulting an advisor for smarter investing decisions.
My financial advisor has been a game-changer, providing clarity and boosting my confidence in navigating finance. With their help, I've achieved my goals faster than I imagined. Highly recommend!
Finding financial advisors like vivian jean wilhelm who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.
It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
I also keep seeing lot's of people testifying about how they make money investing in Stock, Forex and Crypto Trade(Bitcoin) and I wonder why I keep loosing. Can anyone help me out or at least advice me on what to do.
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 that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
House paid for, car paid for, no consumer debt, $600,000 investment portfolio, it's hard to stay employed. My ability to put up with BS at work is at an all-time low.
I was told to spread my money across different things like stocks and bonds to protect my $750k retirement savings. Now, with the markets being shaky, should I keep adding money to my portfolio or consider other options?
Thank you for sharing your positive experience! I've been contemplating seeking the guidance of a financial expert myself, but I wasn't sure where to start. Do you have any recommendations on how to find a reputable financial advisor or firm? I'm particularly interested in someone who can provide personalised advice and help me develop long-term strategies for financial growth. Any insights you can offer would be greatly appreciated!
Exactly, having a financial expert by your side is invaluable due to their ability to provide personalised advice tailored to your specific financial situation. With their expertise, they can help you navigate complex financial decisions, Optimise your investments, and develop strategies to achieve your long-term financial goals.
Its ludicrous to pay someone for something so easy. You either buy stocks in Birkshire Hathaway and/or you buy a good mutualfund. If you are not able to pick a good mutualfund, you take the indexfund with the lowest fees.@tomaszcz_k
For the past six months, I've been trading Bitcoin on my own, but I've been experiencing losses. Can someone please offer guidance on how to turn a profit?
This is true. I hit 100000 after about 8 years at work. I woukd take 5-10 grand chunks outs. But i decided to leave it alone for a while. 8 years to 100000. About 2 months later it grew by 10 grand.
I totally agree. I put $250k into stocks with my advisor, and now I've made over $4 million in profits. I used the profits to buy properties, and they're bringing in great income. It just shows how important it is to invest in things that grow over time. It's like I'm living out the lessons right from the start of his book- Guide to investing
Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest, but as a beginner, I don't know my way around the market.
I am on the look out for experts and after doing my research online will say she meets my requirements, Thank you for sharing with us. I already sent her a mail hoping she can make out time in her busy schedule to assist me.
@@michealrealtor It's great to hear you're also working with her, you know its hard to find someone who knows what they are doing nowadays but she's excellent at her job. Thanks to her, I no longer have to worry about my financial situation.
You might want a plant lamp on the back of your record player cabinet to give some light to those plants. Looks like you're well on your way to creating a jungle! Good tips about the $100,000 strategy: saving for six years to get to $100,000 and then investing to see the net worth explode! Hoping to get there someday!
@@60sekundenpolitik I think you missed the point of the video - the higher the amount to invest the higher the returns. While you're saving to that 100k, one could utilize a high yielding savings account in the meantime.
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 Veronica Hoy.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
This is true. Money can buy you more time. But if you never spent any time spending money to buy back the time that you already spent. Then you are wasting your time trying to save more money to buy back time that you already lost.
My plans are more like wish lists, but even a basic plan helps. Already retired, but my plan while I worked was putting 15% a year into my company 401K and have a paid off home which are now completed. Now I want to start investing in a S&P index fund but waiting for a stock market dip. It took me 5 or 6 years to have $100k in my 401k and 8 years to pay off home.
omg! your spanish!! I love it. I'm new to your channel, and I'm watching your video from Colombia (South America). It really caught me off guard at the end when you spoke Spanish. Very nice! your spanish is great!
In that first 100k, you also get into the savings habit. I'm on that other side of the curve. BTW, I still add to the emo fund, despite having that buffer, by 25 bucks per paycheck. As I climb the wealth curve, I am concerned about proper diversification. I am learning about portfolio theory. Has the what I call saving myself into poverty stopped, nope. The sacrifice continues, now in my 9th year. In the first years, growth and not diversification imho is the way to play it.
Now my kids are financially independent - and I no longer have to feed them (they're still at home rent-free) I've been able to transition to a higher paid job, and the amount I can now save (weekly) is similar to my previous income..... I'm resisting the urge to spend more - as I've mastered the art of frugal healthy living.... But I'd caution about putting all of your eggs in one basket. (yesterday I watched a docco about homeless people in the USA - one lady had a doctorate, was very capable and educated - but lost ALL of her money as her investment fund/provider collapsed) 😔
Metric of my wealth accumulation that I’ve noticed so far: $10,000 paradigm shift Getting into crypto $100,000 sober paradigm shift Breaking $100 in dividends Next stop is $500k
One you have a good six figure savings, you don't even need to "chase the stock market" anymore. You can embrace the bond market, and getting 6 or 7 percent safely in bonds is still quite rewarding to a person accustomed to "living below one's means". It stacks up quietly and methodically.
Shit, i got to $10k then the shit went to $18k faster than it took me to get the 1st $10k and im like holy shit, this shit works! Now am about 2 years away from $110k. Interest is crazy.
It takes a different skill set to go from 0 to 100k, 100 too 500, 500 to million, million to etc.. just because you make it to a level doesn’t guarantee you will continue to grow. Most generational wealth is lost within a few generations. You have to consistently learn and grow. What got you to today won’t get you to tomorrow.
@@fromnewusa Austin is just saying it's easier once you get past the 100K. You have the blueprint too which is much better than just being handed a 100K
Having lived poor my whole life, I wouldn't know what to do over 100k, I'd probably just live the same, and if I made a million, donate a lot of it to family, charity, etc.
"The stock market returns 10%". You mean they're printing trillions from worker's paychecks and pumping it into assets. Without that, $100K wouldn't give you much.
I've seen 20 youtubers with this exact thumbnail and exact title. None of you guys are original anymore. You all aren't giving us real financial advice to increase our portfolio, yall just on here for us to help increase your bank account beyond $100,000.
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 58, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
Gertrude Margaret Quinto, 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.
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
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
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
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 my FA, my portolio is doing really great and im proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $1 million portfolio, largely from early investments in AI and other growth stocks.
*Jennifer Leigh Hickman* 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.
Nice content! Few years back I was assistant to a wealthy pen artist and within the short period I worked with him I observed that he had quite a chunk of investment everywhere, stocks, crypto, dividend investing to name a few, so he had revenues coming in from all angles. And in a year his worth doubled. With this I learned that the rich stay rich by investing.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Marisa Breton Dollard up and send her a message. You've truly motivated me. God's blessings on you.
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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.
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.
Please I've been trading Bitcoin on my own for the past six months, but I've been encountering losses. Can anyone offer advice on how to become profitable?
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
People downplay planner’s role, until they are burnt by their mistakes. That’s why I’ve been working with expert planners like GERTRUDE MARGARET QUINTO
With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.
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.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million....
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Thanks for continuing updates l'd rather trade the stock market as it's more profitable. I make an average of $42,500 per week even though I barely trade myself.
I've already noticed that 25k to almost 45k was easier than the first 25k. I think it's crazy that I've gotten used to numbers like that now. 2 years ago when I started it was a huge amount for me. Just as I think about 200k today, that will probably become normal for me this year.
Well...l will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie..
I started late, really late. But I really started building my 401k past $5k about a year ago. And just this year I decided to try and reach $100k within 2.5 yrs. Hopefully no more than 3 yrs.
Yes that first hundred is a bitch took me 16 years but the second in about 6 and noticed a big weight lifting off my shoulders no longer a prisoner at a job no longer had to put up with bosses bullshit
Took me about ten years to get to $100,000 saving ten percent into my 401k and less than four years to grow it to $300,000. Crazy to think that I accumulated $200,000 in four years
I kept contributing my ten percent as my salary went up more money went into along with the company match and about 10 percent or more in the stock market returns.
Starting in 2019 the s&p 500 market returns were 2019 31.21%, 2020 18%, 2021 28.47%, 2022 -18%, 2023 26.06%. Those are abnormally high returns. The average market returns over 50 or 60 years is 10%. The average market returns from 2019 to 2023 was 17.15%. If you had a significant amount of money invested in 2019 the market returns skyrocketed your portfolio. Additionally the 1st quarter returns of 2024 were really good. Then you add in the fact that additional employee contributions to the 401k were being made as well as likely employer matches and there you go. It was mostly the average market returns of 17.148% though. That's not normal.
The stupid thing is people pay x4 -10 times the 100,000 on a house and interest. Not to mention cars, student loans, credit cards. But they can't save / invest anything for retirement or FI
Best skill you can have when dealing with investments and money in general is patience and don't freak out if when the market goes down, that's when opportunities come.
Soo true! Now that I’m passed 100,000, with diligence and passion, I have just passed 120,000 in about 18 months. My eye is on the quarter milk million and I could be there in less than five years at this rate. Don’t underestimate how much fun this is. My new obsession is making every bit of my money make me more money and that money make me more money. No cup of Starbucks coffee gives me this much pleasure.
I just hit $100,000 net worth this last quarter from saving and i plan to invest in the stock market to see it grow in the next 3 years. What is the best way to navigate the stock market as a newbie?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and enlisting the help of an advisor to diversify into positions with the rest of your capital. My advisor has significantly impacted my financial journey, fostering clarity and confidence in the stock market. Thanks to her guidance, I've grown my portfolio from $100k to $1.4m in just 5 years.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AMBER KAY WRIGHT ” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
Another great video. Here the first 100,000 will be reached over the next year. In my case, however, it is Euros and not US Dollars. I wish everyone continued success and decent returns. Greetings from Germany
If people don’t do the math they may not even be aware they are already at $100k net worth. I did one of the net worth calculator and my assets were a little over $100k and I was shocked. I didn’t include the value/equity of my home because I didn’t get it assessed. Once I added my stupid debts it brought my net worth down to $83k. So excited to be done with these debts in December. Debt is 100% a drag on our financial growth and expansion. Knowing the numbers is the key to unlock everything.
Big ups to everyone working effortlessly trying to earn a living while building wealth. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach.
Excellent choice having a great savings and more streams to earn makes life goal’s easier but our way of life needs better alternative,at the same time, people also need to be more responsible. I know for a fact that there's a lot of people that simply don't make enough, I make roughly hundred plus a year and in California, rent inflation alone eat up almost all of what I make, with dependents and other obligations included, it's easy to end up with zero. however it’s a good time to add to existing asset holdings as follow -on opportunities
I resonate with what you said man, you could also take advantage of some growth stocks at the moment, every pro is currently bagging on some digital surge. For me, my coach Marisa breton Dollard has been using every opportunity to ensure I benefit, well positioned as I’m also privy to improve. It completely changed the approach for me, feel free to write direct to help construct your approach as well.
I have got Marisa breton Dollard résumé, also part of an audience with he’s options, a huge economical nerd, these well anticipated results has impacted a lot of exposure for me.
Basic math. If you have only $1000 invested in the SP-500, a 10% growth in one year is $100 in profit. Thats nothing. If you have $100,000 invested in the SP-500, a 10% growth in one year is $10,000. That's a lot!
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfoli0
Yes, the average inflation rate should be factored in to get a real rate of return. And platform, broker, fund fees. In real terms that 10% is more likely to be 6%. But this video is talking about absolute figures. The second 100k is worth less than the first 100k because you got it 4 years later, heh.
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
Yeah, things may be hard right now, but I've come to realize both bear and bull market, recessions and economic boom, all provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself
I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital.
This caught my interest. I worry that I have a couple more months before retirement, and I want to switch to using a financial advisor, but I don’t really know how to find one.
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I know, it is sad but apparently they make money by scamming people’s desire to get rich quick. Everyone gives them their money because they think they will make them rich 😅. RU-vid sucks but the way.
