Відео

@@AaronzVideoz It’s M1 Finance

Thanks, it was definitely a huge surprise 😊. And congrats to you as well to building wealth in your portfolio.

@@cashoption2319 Oh yes, I heard the good news. I can’t wait for it to happen on October 10th 😁

Thanks! You can do it too, just $1 at a time. Honestly what helped me the most was significantly increasing my income through job hopping and then living below my means so I have extra money to invest.

@@zhangguo8762 Thanks! I really hope each 100K goes faster because my returns have not been good so it takes forever for me to see little gains

@@chrischasenyc You’re right about not getting too fixated on reaching 200K but it would be amazing if I could hit it. I have a big update for this week’s video so make sure you tune in. It’s a good and somewhat bad update.

@@RobGoldy Thanks for being here for the journey lol, I remember that time period I also thought 150K would be the goal. You should definitely watch this weekend video there’s more EXCITING updates

@@Wisely_monk Thanks! I’m a simple investor so my investment approach is to invest in solid ETFs and let them grow over time. There’s no company I like enough to buy a single stock of it. My ultimate goal is to live off dividends from my portfolio mostly through my investment in SCHD.

@@singleparentfire2363 Word Up!

@@miklemon2357 I don’t plan to change any of my holdings but I do plan to increase my investment into SCHD significantly once the portfolio hits about 500K but that will be many years from now.

@@Blittsplitt5 You being young is your biggest asset because you have time. I’m 40 years old with a kid so I’m trying to play catch up financially as fast as I can while I have this high paying job.

@@libannoor702 Thanks! We all start from somewhere, so 2K is a good start. Honestly until I got my high paying job it was difficult for me to make significant progress with investing.

@@Doofball3 Thanks! Also yes I’m Jamaican, that’s so funny you picked up on that 😂. Are you Jamaican?

@@singleparentfire2363 lol. Yes-- well, first generation (my parents were born there). Hitting subscribe now, lol.

@@Doofball3 lol oh I see. Thanks for subscribing

@@DistrictTrailers None of this is margin, this is 100% my money. M1 offers margin loans but I’ve never borrowed any money from them.

@@singleparentfire2363 that’s awesome! Why does it say margin? Does that just mean that’s the amount that’s available to you?

@@shannonthomass Thanks! I want to retire early and set a bright future for myself and my kiddo. This is what keeps me dedicated. You can find your own motivation too, you can do it!

@@beanbean321 Thanks! I def need the motivation 😁

@@mommytradertube Thanks 😊 and yes market was extra delicious this past week I hope the trend continues 🙏🏾

@@higiniomorales459 LOL thanks 😊

@@cshades8026 Honestly there’s no company out there that I like so much that I would buy as a single stock so I prefer to keep my investments in ETF investing. As for Costco and Apple they seem like solid companies so you’ll have to keep me posted on how they perform for you

That’s a great question. I was going to ask about considering to add bond ETF like BND.

@@cesarpazmino4453 - having a bonds etf in your portfolio is like having money in a high interest savings account like the SOFI or ALLY savings account, the money is typically safe and provides monthly income/interest payments that's dictated by the federal interest rate. If you're investing in a retirement account like a Roth IRA or 401k and are over the age of 50, then yes, 10% to 20% bonds is appropriate. But on your taxable brokerage account, just keep some money stash away on a HYSA that pays 4+% in interest instead of getting a bond etf. BND is currently pay a monthly dividend of 4.03%, M1 Finance has a high yield cash account that pays 4.50% in interest.

@@cesarpazmino4453 I don’t plan to add any bond to my portfolio until I’m about 2 years away from retirement. I’m focused on growing my portfolio 😁

​@@singleparentfire2363you could easily have compounding machines in your account for consistent growth. Broadcom, Nvidia, Costco, Texas Roadhouse, etc. Spotify too.

@@allisbookishadventures8260 I allocate the interest earned (approx $60 a month) to my different buckets in Ally Savings but you’re right if I put all the interest money towards it I should reach the extra $200

VUG, SCHG, or QQQM, long term, you can't go wrong with either.

@@seginald Thanks! 😊 I’m trying my best to keep my eyes on the prize which is early retirement lol so I have to put my money to investing. Since I hit my 15K emergency fund goal for 2024 I don’t want to put too much extra.

@@singleparentfire2363 ❤️

@@KatieoftheHouse Thanks Katie! I’m literally trying to maximize my income the best I can while I still have my job because I don’t know how long I will last in it 😩.

When you're ready for your entire life to revolve around work and you work long hours along with very high stress every day I can let you know how to get a 200K HR job 😁

@@singleparentfire2363...LOL - - -same thing for my 350K IT job.. let's not forget some DEMON managers along the years too.. no mater .... sacrifice is so worth it .. it's perfect for blitzing to FI though .. just put on blinders &enjoy the focused ride to freedom.. worth it...

Thanks!

I felt safe when I was walking around the city from the hotel.

@@un-tal-ivan- I really like VOO so I plan to stick with it long term. SCHG is growth similar to QQQM which I have in my portfolio

WOW that's a very ambitious goal unless you earn a ton of money but I'm also a fan of super ambitious goal because even if you don't reach them you will still be soo much better off financially due to all the money you invested. Let's cheer each other on!

@@singleparentfire2363 I believe it can be done. I took my account value in my primary account from 31K to 104K since June 5th 2024 to today.

This is M1 Finance app

@@beamerb8152 That’s awesome you’re close to your 15K emergency fund goal. Personally I wouldn’t delay investing to save 100K in cash, the opportunity cost is too great but if that approach works for you and your family it’s going to be really cool when you have 100K in cash. Thanks for watching and we inspire each other!

@@seginald Thanks!! 😊

@@perparim1079 I know I should but I don’t want it to go down 😩😂

@singleparentfire2363 lol I know that feeling, it goes against the grain to buy while market goes down only when things start to look up most ppl try to go all in

LOL I don't know who I'm voting for yet. Who are you voting for?

Thanks!

Personally for me I wouldn't be putting money into my brokerage account if my ROTH IRA wasn't already maxed out for the year. ROTH IRA over Brokerage account for me. As for the brokerage account taxes, remember only the sale of stocks/efts and/or dividends that require taxes be paid.

@@singleparentfire2363 oh ok so if I get paid the dividend but don’t withdraw it and reinvest it to buy more shares I won’t have to pay taxes? Only if I take the money out?

Awww thanks, you and your hubby are my goals. I'm trying to get on y'all financial level 😃

I responded to your question in my latest video

Thanks! For my dividends they are all paid out quarterly, I do record when they are paid and discuss them in the video. I have annual estimated dividend in M1 finance but it's not substantial. Let me know if you want to hear more about the dividends in the videos.

I love SCHD but it's not a growth oriented ETF so for now I'm not putting any more money into it until I get my VOO position to atleast 75% of my portfolio.

Thank you, VOO is awesome!!! We are both on our journey to reach 200K. Hitting 100K was brutal and took a long time for me (hopefully your journey was quicker lol).

I'm hoping to early retire in 5 years by age 46 (pending I'm able to keep my job) and I'm currently age 41. QQQM is extremely volatile so I'm taking it slowwwww with my investment percentage because I don't want it derailing my portfolio over the next 5 years. I do plan to increase the QQQM percentage once I get VOO to 75% of my portfolio.

Thanks! I remember that moment too because it was so huge for me and I didn't think hitting 200K would be possible in 2024 but it's looking like it is. I'm going to chuck as much money as I can towards the brokerage and hope the market gives me a little bit of gains to get me there. I would LOVE to see an updated video from you and where you are on your journey. I really enjoyed watching your weekly videos.

Thank you, I'm trying my best!

Thanks for the suggestion, how has it performed in your portfolio?

Thanks! I'm really hoping I get there

Thank you! I'm 40 years old (so not that young lol) but I'm hoping to inspire people to just get started on their financial journey

Thanks for watching! Annual income is 200K

For real, there is NOTHING easy about this journey. Just lots of sacrifices being made to accomplish our goals. You are working super hard to Uber on the side to hit 300K and I'm not taking any vacations to hit 200K. Wishing us both luck, I hope it will be worth it in the end. Let's go!!

Good reminder, I am the first in my family trying to build real wealth but it also means I get no help. I'm trying to build a better future for myself and my kiddo. I wish I had a baby boomer parent who would gift me a house 🤣

Thanks! M1 offers margin loan to invest but I don't use any of it (I don't like debt). Every dollar I invest is of my own money.