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Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Wealth/Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choices of investment that has minimum risk and with an Expert guidance, profit and interest should be guaranteed.
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 .
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
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
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sophia Maurine Lanting’ turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
It's sad how difficult things have become in this recessive economy. 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 protect my $450K-worth stock portfolio from decline, but haven't figured which way to go.
Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle. 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 2022
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.
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.
Been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, heard some guy speaking of making over a million dollars from a $300k capital and I'm driven to ask what skillset and strategy can generate such profit??
Avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Most people minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
How can one confirm a licensed advisor;,? I buy the idea of employing the services of one because finding that balance between saving and living comfortably requires maximum discipline. My goal is retiring or working less than 5 years from now. Pls, how do i get a hold of one?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Someone said that it's time to be concerned when you start to see individuals shoplifting groceries rather than big-screen televisions, and i agree. Truth is, inflation will never reach 2% ever again, maybe in the next life, but not this one. Anyone purchasing groceries and gasoline is aware that real inflation is much over 10%; they simply lie about it like cheap blankets. In reality, interest rates would be in the 20s because of how high inflation is. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
I totally agree, it's been three years and counting, and I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. As a small reward for my consistency, I went on a trip to the Bahamas in the late summer. haha
@caryishnagardner. My wife and i just had this conversation this morning. This is exactly how we wish to get our finances coordinated ahead of retirement. Can I get access to your advisor?
sure . She's known as a 'Monica Mary Strigle '. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with
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. thank you fr saving me hours of Rschng
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $200k per year but nothing to show for it yet.
Right, I'm quite lucky exposed to personal finance at an early age, started work full time at 19, purchased first home at 28. Going forward, got laid off at 36 amidst covid-outbreak, and immediately consulted an advisor to stay on top. As of today, I'm barely 15% short of my $1m goal after subsequent investments.
@@M.Morgan that's great! retired in my 40s. inherited money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow or preserve our wealth, think your advisor can be of help please?
curiously searched Karen Lynne Chess on the internet, spotted her consulting page at once, and was able to schedule a free call session. Ive seen commentaries about advisors but not one looks this phenomenal
Taking early notes as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.
Yes true, I have been in touch with a financial 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.
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Sharon Ann Meny" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
I'm now avoiding new purchases to avoid slipping into a bear trap. However, I'd like to know where the best investment opportunities are during a downturn. My goal is to retire comfortably on around $1.2 million.
Wishing you luck! The key to a happy retirement is to live the life you choose, if you have a certain amount in mind for your retirement, it is only appropriate to work with a knowledgeable advisor to make plans.
I concur that guidance should not be disregarded but rather followed. I remember a few summers ago, not long after my horrible divorce, I was in dire need of advise on investments to keep my head above water. Fortunately, I met someone with grit who greatly assisted me in growing my reserve, which despite inflation has increased from $360k to about seven figures now.
nice gains there! Please share your advisor's info with me. Due to my increased income from work, I'm thinking about investing in stocks and other assets that will enable me to gradually build wealth.
Leah Foster Alderman is the licensed expert I use. Just look up the name. You would discover the necessary information to deal with a correspondence to schedule an appointment.
Wow, I just Googled her whole name and found her platform. Thank you very much for bringing this to my attention, I will definitely get in touch with her.
In uncertain times, how can one outperform with the S&P 500? my money goal of $3m seems far-fetched and just saving is not an option, do I seek a license advisor to help grow my funds, or wait for a favorable economy? I have barely 5 years to retirement.
Very correct, investing is plain-sailing using a well experienced advisor, and at first-hand experience, I've witnessed my investments compound over 280%, since Jan.2020 amid rona-outbreak, summing up nearly $1m as of today.
this is huge! been a fan of asking questions like Socrates, seeking information and handling certain duties to professionals, my $ 100k index has been shortened by 10% due to inflation over the years and I could really use a help at this point
@@EricaWaters-lr6zw I learn a lot from "DESIREE RUTH HOFFMAN, she's a big name in her field with more than 20 years of experience. You should look her up online for more info.
very much appreciated, just inputted DESIREE RUTH HOFFMAN on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
When I see the Alux estimates for my age group, 45-51, then I feel like patting myself on the back. I am doing well, and am at the high end, if not in the top 10%. However, the fact remains that I am single, unmarried, and will die alone and childless. My net worth is concentrated mainly in a rabbit-hutch apartment in a prestigious area of London. Yes, it's in a prestigious area, and billionaires live around me, but I am still stuck in a 1 bedroom apartment. And worst of all, I still don't have my ultimate target dream car, the car I have lived for for the last 35 years. Yes, I do have a rare collectible classic car (that I almost never see, because I am stuck in a small apartment with no garage space), but the dream of my life is still absent. Morale of the story, dollar net worth is not the entire story. Having a new worth of $1 million and living in a big house in rural Vermont, running your own business, is much more valuable than having the same net worth as a wage-slave living in a small apartment in Manhattan or London.
@stephaneaderca7948 this is the balance this video needs. Thanks for sharing. Given how much life has dealt me, it took courage to watch the video; I figured Alux knows better so there.must be something in the video for me.
@@alux Sky-high property prices in cities around the world have skewed the equation. Unless you live in the countryside (and have your own thriving business - there are no well paying job) then having $1 million means almost nothing nowadays. $3-5 million is the new $1 million, at best. Heck, a new "luxury" apartment block around the three sides of my apartment block is in the process of being finished. The "affordable" flats are £1.4 million. The most expensive apartment is £20 million. That's about $1.8 million and $25 million respectively, BTW. No, for that price, you don't even get a parking space for your collector Rolls-Royce or Ferrari. Sadly, unless you live in rural Vermont, or in any other place where property prices haven't gone insane, $1-2 million net worth no longer makes you "rich" in any sense of the word.
@@stephaneaderca7948 Can't agree more!! Moreover, a networth must calculate and quantify the "Freedom" part of the equation for those, who have it, away from the grueling 12 to 14 hours of corporate jobs or even a business, where the business is not running without their direct inputs even after 12 years of running it!!
I'm similar to you, just a little younger. I shifted from property to index funds 3 years ago. Can't wait to sell my property, getting annoying with tenant issues. Etfs set and forget
@@lengerer Absolutely I'm trying to sell my last 3 homes and put it all in VGT/SCHD I'm done with tenants, taxes and landlord insurance! Real Estate is for rookies!
Job well done. We are 43/46. 1.7 not counting home equity or kids investment . If we do count both. We are about 2.2 only with a conservative home equity. We still have 140k on mortgage, at 2.37%, I guess we are kind of milking it lol.
None for now. It's getting harder to predict market trends post covid, the market can go down anytime and eat your whole deposit.. Sadly, 0% rates pushing everyone back into the market.
I mean no disrespect but you are wrong... Believe it or not, the market isn't as bad as some people have made it look... Companies are making record profits... As a beginner investor who knows next to nothing, I have made over $30k net profit in a few months... I was retrenched recently, and I am using these resources to keep body and soul together.
Hi Mr. Anthony, your profit margin is quite impressive for a beginner. Good for you!!!! can you share your spreadsheet or investing journal?? inadvertently, i sold a boatload of my portfolio recently.
I have never drawn up a spreadsheet or trading journal, it's of no relevance to me... I simply follow Kelly Matwick's investing instructions and guidance... You can look her up she's a certified FA.
Tsla has beaten both Apple and Microsoft in 3 months, 6 months, 1 year, 5 years and 10 years charts. BTW, kelly Matwick is by far my favorite female advisor because of her honesty.
I just turned 26. Have about 175k of house equity. Plus 5k in savings plus 50k invested in the stock market. Paid off car worth about 15k. So 245k net worth at 26. Aiming for half a million by 30. I’m a first generation Guatemalan living in California. First in my family to graduate university with parents that only got elementary level schooling back in Guatemala. Let’s goooooo
@@JesusRodriguez-ru3ui retail store management and now commercial trucker and soon going into the medical field to do X Rays. X ray techs out here make like 65$ the hour
I'm 26 and currently employed but in the median net-worth. Is it possible to move this to top 10% within the next next two years. To do this I have to gain close to 100k
I am in the top 10 of my age group and I literally got there in same time, so it's very possible. These tips should help. 1. Have multiple streams of income, especially passive income... It's harder to grow income when it's coming from just a source. . 2. Invest wisely... Money sitting in the bank does not grow, money not invested well is a waste. 3. Work harder and smarter, you don't improve without putting in work...
Could be anything, real estates, stocks, bonds, anything... Just make sure you just don't buy anything but something you've looked into properly and objectively... If you don't have the time, you could use an F.A or realtor or any expert there... For me, it was stocks because it was the cheapest to get into. There are more options these days...
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Lisa Annette Robinson, has been an amazing experience.
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Lisa Annette 😊🎉
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
*Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Christy Fiore ❤️*
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of UA-cam videos about it but I still find it hard to understand
Golden! I went from a jail-cell to several homes all across America. The America Dream is still alive and well for those who understand money and true capitalism. Financial education, calculated risk and God’s mercy🙏
Net worth analysis fails to account for income streams. Two people with the same net worth may be in far different financial shape depending on how much income they receive (SS, pensions, etc.) and how much they spend each month. Net worth analysis fails to account for COLA that affects how far your dollar stretches depending on where you are living. Net worth analysis also fails to account for other living factors. Two people with the same net worth may be in far different social situations depending on where they reside. Two people with the same net worth may be facing much different future prospects based on health outlook. Two people with the same net worth may be facing much different personal outlooks if they have familial problems. Net worth analysis also doesn't account for overcompensation, i.e., accumulated wealth that fails to be spent. Many retirees are so caught up in saving their wealth that they fail to cash in on their hard work. They wait too long before starting to spend their money.
Great to not have debt, but time is ticking on having kids though... Pregnancies after age 34 are considered geriatric pregnancies which comes with a much higher chance of complications.
@@chrism.728 Is whenever God wants me to have kids. I'm not rushing or worrying about it. If it happens great and if it doesn't happen is okay too. Either way this world is It's getting worse by the minute, so sometimes it is a blessing not to have kids. Thank you for your concern.
@@homodeus8713yeah for real this isn’t funny. We are literally the weakest link in this country. We are the most obese, least educated, and have the lowest combined net worth. This is truly sad and shouldn’t be praised at all.
@@homodeus8713my exact comment. I'm a Caribbean/African American in 6 figures and get inspired by videos like this which propel us in the diaspora forward
Love your content. For this video, I haven’t watched it all unlike all the other videos that I always watch till then end. Comparing yourself to others is not a recipe for mental well being. This is the most depressing video I have watched in a long time. I guess what is painful is the fact that it tells you that you are not ok if you do not fit in the category. Anyway, every other videos on this channel are gems for me. I might watch it till the end after taking a few anti depressants 😂😂😂
I really feel grateful to be born in a third world country in a rich family! It has given me a great headstart and I am also able to take risks without thinking much as my family is always backing me up. This type of treatment is only possible in 3rd world countries as 1st world country parents want their kids to be "independent" I support that, but I really think it's not a great idea to let your kids fear risk
The numbers for 25 onwards (at least mid to high end) seem scary low for many metropolitan or city areas. Maybe is phenomenal for other parts (referring to living in the US) but find that concerning so as to weather periods of unemployment, emergencies or realistically retire. Hopefully one offsets that with rather high income(s) or ridiculously low cost of living.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
@@hunter-bourke21bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Izella Annette Anderson* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I am going to look her up, I have about $181k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
At age 16 to 21, you are still studying unless you are working and studying at the same time and still living with your parents. And you are saving some of your allowance not to mention that your parents are well off and are generous enough in giving you extra money.
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
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.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I have been investing for 8 years, 5 with a CFA, I've achieved a 10x return compared to DIY efforts, totaling nearly $2m ROI. My best yet.
Stacy Lynn Staples is who I work with. Have worked with her for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Stacy sure knows her onions in this industry, from her intimidating profile which I went through, on her web home page. I started off last year tailoring a colleague's tradin strategies but it didn't pan out well. Hopeful that Kathleen will attend to my message.
*Wow😁, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
That's true. a lot of people today have been having a ton of disappointments in forex and crypto trading in light of helpless direction and awful specialists
The goal is to be debt free and have enough, to not worry about money that much. There is no magic number, just when you stop worrying about money, that's when you are doing good. Most people who retire, end up GAINING net worth in retirement. There are a lot of people that want you to invest and tell you, you need $2 million dollars. It's all non sense. If you are debt free and own your home, you are golden. If you get sick and need to be in a home, doesn't matter how much you saved, because it will all be gone. Better to be broke at that point and get state aid.
I don’t want to be rude nor especially want to ruin future videos for the community here on UA-cam but would like the answer of why would I want to pay for a subscription of an app if I eventually see the content here for free? Alux?
Happy to see that my net worth is higher then the median for my age group (41-45). And I hope to be in the 10% by 65. Don't have to be golden by that age, but the top 10% should be manageable🤞🤞🤞
Your primary home isnt an asset. Its a store of value for most. Assets put money in your pocket constantly. Home cost you and most people do good to break even after all costs calculated. Interest, taxes, repairs and renovation, insurance and property maintenance.
ALUX, these numbers are astronomical for southern Europeans. Can you make a video strictly about Europeans or even better southern Europeans? Your numbers are still skewed due to US and Canada. Just to give you an idea: average net salary 1.000 euros if you are between the ages of 30 and 40
I was born at the year of 1999, my net worth is 100k+, I still constantly felt anxious about my future. I worked and saved too hard and I'm still worried 😢.
@codingiscreativity been working since 2018, didn't go college, saved 70% of all my income, didn't impress nobody. Hope I saved more but I need to make more I guess
Yes, you're supposed to pay those off and get on with your life. The purpose of the debt in the first place is to increase your salary after you graduate.
This is fun! So, I’m 40 yr old this year - my net worth is about $550k without the yearly take-home pay from work which is in the low 6 figures. Curious to know if I qualify to be in the top 10% of my age bracket.😅
You know what Alux should have done? Do NOT count your primary residence as part of your net worth then tell me how they do. Your primary home is for you to live it and its not that liquid. Another point I want to make it is are you a traditional 401k/IRA or a Savings+Roth 401k/IRA millionaire? Remember, you owe Uncle Sam a piece of that huge pie if you go a spending spree on the former when you retire. I would rather be a $300k home+$2.2 million Roth 401k/IRA millionaire than a $1.2 mil home + $1.3 million traditional 401k millionaire.
I'm 47 worth 930k, which is better than I thought. I had student loan debt until the age of about 42, so I spent the last 5 years trying to make up for lost time. The 930k comes from home equity, pension, deferred comp, gold, taxable brokerage account with stocks and crypto, 529, and savings accounts.
They describe how to calculate your net worth incorrectly in the beginning of this video. The correct way is below: “Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe.”
Dam, what a wake up call! I'm turning 25 years old, have a 1 year working experience and although in the African continent I still feel like I have to up my game asap. Thank you Alux, I definitely needed this video.
I had a job since I was 16 and as soon as I turned 18 started investing. I put 2k that I had saved up into Tesla shares back in 2019 and they had a crazy run in 2020 which turned my 2k into 8k. I cashed out and redistributed my earnings in other investments and a few months after that I heavily got into crypto. I made it my goal to keep at least 1k in my savings account for emergency purposes and all other money I make (aside from bill money) to be invested consistently into the stock market and crypto. I reached a peak net worth of 64k back in 2021 at the age of 20. Since I didn't cash everything out at the top the bear market came around and now I'm sitting at like 45k net worth at 23. Good news is the next bull market is happening now and by the end my portfolio should quadruple since I have significantly more money in the markets than I did last bull market. When you play the long game you always win
Masterwork is stupid, I don't recommend investing, I've experienced it myself, in theory everything looks great, but in practice everything creaks DO NOT INVEST ON THEIR PLATFORM AS YOU WILL LOSE MONEY
What is to consider as ranks? What is the easiest way to obtain approval? What is the requirement to achieve your friendship? What is the signification to prove my or our worth? With all these information is it beneficial for technical courses that can be succeeded? I had listen almost every post here on UA-cam but am still out of America and single, is it working? Why are you not taken control since am an aluxer? You're a business teacher remember.
As a youth trainer, unpunished writer of nonfiction books, poet, and mentor how can I earn millions from my inspiration and empowerment ikigai/life purpose? I am just limited by resources to attain my life purpose.
At the moment, I'm just trying to rebuild our emergency fund which we keep having to dip into despite my trying to spend as little as possible. Ambulance ride a few months ago. Multiple car issues. But can't get a new car because we don't have the funds for it yet. Really feels like I'm running in place when I'm not running backwards
I know and track my net worth regularly; I also track my change in market value (and averages for monthly, annually, YoY and going back several years) in both dollars and % in each account, and in the aggregate of all my accounts. I also know where, how, and I why it changes, such as growth, balanced and income/value. I'm on track to retire early in 1-2 years, and will be able to live on ~ 10% of my annual change in market value from dividend income only.
There are many ways to grow your nav. For those who lack much cash...get good at purchasing things you need and want for about ten cents on the dollar and this will effectively ten times your nav. You can also use this skill to flip things and I crease your cash.
Hello Aluxers! How much do you want to be worth by the time you’re 65?
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Easy way I got rich and I'm gen X, started with -$22k out of college: buy stocks in Apple, Microsoft, Google, Wells Fargo.
Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
Wealth/Success is dependent on the action or steps you take to achieve it. Show me a man who doesn't have an investment and I will tell you how soon he'll go broke. Investment is building a safe haven for the future: with the right choices of investment that has minimum risk and with an Expert guidance, profit and interest should be guaranteed.
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 .
Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
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
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Sophia Maurine Lanting’ turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
It's sad how difficult things have become in this recessive economy. 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 protect my $450K-worth stock portfolio from decline, but haven't figured which way to go.
Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle. 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 2022
I could really use the expertise of this advsors.
KATHLEEN CHERYL CONSTANTZ is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.
I just curiously looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
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.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
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.
Many individuals report success in investing in stocks,fx, yet I continue to struggle.Can somebody help me out or advise 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.
Been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, heard some guy speaking of making over a million dollars from a $300k capital and I'm driven to ask what skillset and strategy can generate such profit??
Avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
Most people minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
How can one confirm a licensed advisor;,? I buy the idea of employing the services of one because finding that balance between saving and living comfortably requires maximum discipline. My goal is retiring or working less than 5 years from now. Pls, how do i get a hold of one?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Someone said that it's time to be concerned when you start to see individuals shoplifting groceries rather than big-screen televisions, and i agree. Truth is, inflation will never reach 2% ever again, maybe in the next life, but not this one. Anyone purchasing groceries and gasoline is aware that real inflation is much over 10%; they simply lie about it like cheap blankets. In reality, interest rates would be in the 20s because of how high inflation is. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.
I totally agree, it's been three years and counting, and I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. As a small reward for my consistency, I went on a trip to the Bahamas in the late summer. haha
@caryishnagardner. My wife and i just had this conversation this morning. This is exactly how we wish to get our finances coordinated ahead of retirement. Can I get access to your advisor?
sure . She's known as a 'Monica Mary Strigle '. One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with
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. thank you fr saving me hours of Rschng
I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $200k per year but nothing to show for it yet.
get rid of any unnecessary purchases, especially things that cost you monthly, or better still, consider financial planning
Right, I'm quite lucky exposed to personal finance at an early age, started work full time at 19, purchased first home at 28. Going forward, got laid off at 36 amidst covid-outbreak, and immediately consulted an advisor to stay on top. As of today, I'm barely 15% short of my $1m goal after subsequent investments.
@@M.Morgan that's great! retired in my 40s. inherited money from a childless relative, traveled overseas and found a girl almost my age, happily married but only issue is how to grow or preserve our wealth, think your advisor can be of help please?
'Karen Lynne Chess' is the licensed advisor I use. Just search the name. You’d find necessary details to set up an appointment.
curiously searched Karen Lynne Chess on the internet, spotted her consulting page at once, and was able to schedule a free call session. Ive seen commentaries about advisors but not one looks this phenomenal
Taking early notes as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial 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.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "Sharon Ann Meny" I've worked with her for 9 years and highly recommend her. Check if she meets your criteria.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
I'm now avoiding new purchases to avoid slipping into a bear trap. However, I'd like to know where the best investment opportunities are during a downturn. My goal is to retire comfortably on around $1.2 million.
Wishing you luck! The key to a happy retirement is to live the life you choose, if you have a certain amount in mind for your retirement, it is only appropriate to work with a knowledgeable advisor to make plans.
I concur that guidance should not be disregarded but rather followed. I remember a few summers ago, not long after my horrible divorce, I was in dire need of advise on investments to keep my head above water. Fortunately, I met someone with grit who greatly assisted me in growing my reserve, which despite inflation has increased from $360k to about seven figures now.
nice gains there! Please share your advisor's info with me. Due to my increased income from work, I'm thinking about investing in stocks and other assets that will enable me to gradually build wealth.
Leah Foster Alderman is the licensed expert I use. Just look up the name. You would discover the necessary information to deal with a correspondence to schedule an appointment.
Wow, I just Googled her whole name and found her platform. Thank you very much for bringing this to my attention, I will definitely get in touch with her.
In uncertain times, how can one outperform with the S&P 500? my money goal of $3m seems far-fetched and just saving is not an option, do I seek a license advisor to help grow my funds, or wait for a favorable economy? I have barely 5 years to retirement.
patience is your best friend here, although you can benefit from the help of advisors, especially when it comes to smart financing.
Very correct, investing is plain-sailing using a well experienced advisor, and at first-hand experience, I've witnessed my investments compound over 280%, since Jan.2020 amid rona-outbreak, summing up nearly $1m as of today.
this is huge! been a fan of asking questions like Socrates, seeking information and handling certain duties to professionals, my $ 100k index has been shortened by 10% due to inflation over the years and I could really use a help at this point
@@EricaWaters-lr6zw I learn a lot from "DESIREE RUTH HOFFMAN, she's a big name in her field with more than 20 years of experience. You should look her up online for more info.
very much appreciated, just inputted DESIREE RUTH HOFFMAN on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
When I see the Alux estimates for my age group, 45-51, then I feel like patting myself on the back. I am doing well, and am at the high end, if not in the top 10%.
However, the fact remains that I am single, unmarried, and will die alone and childless. My net worth is concentrated mainly in a rabbit-hutch apartment in a prestigious area of London. Yes, it's in a prestigious area, and billionaires live around me, but I am still stuck in a 1 bedroom apartment. And worst of all, I still don't have my ultimate target dream car, the car I have lived for for the last 35 years. Yes, I do have a rare collectible classic car (that I almost never see, because I am stuck in a small apartment with no garage space), but the dream of my life is still absent.
Morale of the story, dollar net worth is not the entire story. Having a new worth of $1 million and living in a big house in rural Vermont, running your own business, is much more valuable than having the same net worth as a wage-slave living in a small apartment in Manhattan or London.
Proof that you can be high net worth and still be “poor”
@stephaneaderca7948 this is the balance this video needs. Thanks for sharing. Given how much life has dealt me, it took courage to watch the video; I figured Alux knows better so there.must be something in the video for me.
@@alux Sky-high property prices in cities around the world have skewed the equation. Unless you live in the countryside (and have your own thriving business - there are no well paying job) then having $1 million means almost nothing nowadays. $3-5 million is the new $1 million, at best.
Heck, a new "luxury" apartment block around the three sides of my apartment block is in the process of being finished. The "affordable" flats are £1.4 million. The most expensive apartment is £20 million. That's about $1.8 million and $25 million respectively, BTW. No, for that price, you don't even get a parking space for your collector Rolls-Royce or Ferrari.
Sadly, unless you live in rural Vermont, or in any other place where property prices haven't gone insane, $1-2 million net worth no longer makes you "rich" in any sense of the word.
@@stephaneaderca7948 Can't agree more!! Moreover, a networth must calculate and quantify the "Freedom" part of the equation for those, who have it, away from the grueling 12 to 14 hours of corporate jobs or even a business, where the business is not running without their direct inputs even after 12 years of running it!!
@@stephaneaderca7948 hello 20 year old here i wouldnt say nothing..... but yh its definitely not real money
I'm 49 years old net worth of $2.7 million, everything is paid off zero debt!, I drive a 2010 camry lx. Real Estate and ETFs is the best way to do it!
Real estate, is how most people up their net worth.
I'm similar to you, just a little younger. I shifted from property to index funds 3 years ago.
Can't wait to sell my property, getting annoying with tenant issues.
Etfs set and forget
@@lengerer Absolutely I'm trying to sell my last 3 homes and put it all in VGT/SCHD I'm done with tenants, taxes and landlord insurance! Real Estate is for rookies!
Job well done. We are 43/46. 1.7 not counting home equity or kids investment . If we do count both. We are about 2.2 only with a conservative home equity. We still have 140k on mortgage, at 2.37%, I guess we are kind of milking it lol.
@@happylife7542 very nice! Keep it up!
*Quick Survey #13:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?
None for now. It's getting harder to predict market trends post covid, the market can go down anytime and eat your whole deposit.. Sadly, 0% rates pushing everyone back into the market.
I mean no disrespect but you are wrong... Believe it or not, the market isn't as bad as some people have made it look... Companies are making record profits... As a beginner investor who knows next to nothing, I have made over $30k net profit in a few months... I was retrenched recently, and I am using these resources to keep body and soul together.
Hi Mr. Anthony, your profit margin is quite impressive for a beginner. Good for you!!!! can you share your spreadsheet or investing journal?? inadvertently, i sold a boatload of my portfolio recently.
I have never drawn up a spreadsheet or trading journal, it's of no relevance to me... I simply follow Kelly Matwick's investing instructions and guidance... You can look her up she's a certified FA.
Tsla has beaten both Apple and Microsoft in 3 months, 6 months, 1 year, 5 years and 10 years charts. BTW, kelly Matwick is by far my favorite female advisor because of her honesty.
I just turned 26. Have about 175k of house equity. Plus 5k in savings plus 50k invested in the stock market. Paid off car worth about 15k. So 245k net worth at 26. Aiming for half a million by 30. I’m a first generation Guatemalan living in California. First in my family to graduate university with parents that only got elementary level schooling back in Guatemala. Let’s goooooo
Killing it bud!! What’s your profession?
@@JesusRodriguez-ru3ui retail store management and now commercial trucker and soon going into the medical field to do X Rays. X ray techs out here make like 65$ the hour
@@alexbob5209Northern California?
@@thetruthsayer8347 Yes Sir
@@alexbob5209 is that for ct or mri?
I'm 26 and currently employed but in the median net-worth. Is it possible to move this to top 10% within the next next two years. To do this I have to gain close to 100k
seems like a short time but does not sound impossible to me
I am in the top 10 of my age group and I literally got there in same time, so it's very possible. These tips should help. 1. Have multiple streams of income, especially passive income... It's harder to grow income when it's coming from just a source. . 2. Invest wisely... Money sitting in the bank does not grow, money not invested well is a waste. 3. Work harder and smarter, you don't improve without putting in work...
How do you know what to invest in? How can you know if it is the right choice?
Could be anything, real estates, stocks, bonds, anything... Just make sure you just don't buy anything but something you've looked into properly and objectively... If you don't have the time, you could use an F.A or realtor or any expert there... For me, it was stocks because it was the cheapest to get into. There are more options these days...
marguritekostecki2194 Thanks. Mind telling how to access a good advisor for stocks,, i may be needing one soon
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Lisa Annette Robinson, has been an amazing experience.
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Lisa Annette 😊🎉
Good day all👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
Such information we don’t get from must UA-camrs, how can I get to her. ?
Got in at AMS69X at $1 but will be holding it till $50. Even at that price market cap is reasonable for its tech.
For the boomers who are not aware, this is a bot. Do not invest in AMS69X it is a scam.
42 now. Net worth is around 1.3 millions. My net worth will be at least 4million at 45
*Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Christy Fiore ❤️*
Thanks to my co-worker (Alex) who suggested Ms Christy Fiore.
Can I also do it??? My life is facing lots of challenges lately
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of UA-cam videos about it but I still find it hard to understand
Hallelujah God is still working wonders,I place myself in position for such miracle.The best thing I've seen today on UA-cam thanks a lot..
May God bless Christy Fiore services,she have changed thousands of lives globally
I knew that AMS69X was ahead of the game, but my mind is officially blown
For the boomers who are not aware, this is a bot. Do not invest in AMS69X it is a scam.
For the boomers who are not aware, this is a bot. Do not invest in AMS69X it is a scam.
Suggesting to buy a timeshare at any age is a no-no. They are worthless and a money pit. DON'T DO IT!
Buying AMS69X Today Is Like Buying Bitcoin 12 Years Ago!
For the boomers who are not aware, this is a bot. Do not invest in AMS69X it is a scam.
More like paying for dirty air
The median net worth numbers are VERY scary for the older age bracket.
I reckon it's based off people who started investing early, 20's maybe 🤔
The median net worth numbers for the older age bracket are indicative of age groups not being able to retire ever
Golden! I went from a jail-cell to several homes all across America. The America Dream is still alive and well for those who understand money and true capitalism.
Financial education, calculated risk and God’s mercy🙏
This is going to depress allot of viewers…..lol
lol yep. And most of us non-Americans don't even earn 10% of what Americans make, so we're extremely far from these insane numbers.
@@JaggedMercenary correct.. I just moved into a developed country from a developing country. Woahh!! So far below 😮
NGL, I'm depressed
@@PhilipDwayne me too man!
Golden millionaire , as 19 year old South African I know I still have a long way to go.
This is both encouraging and depressing at the same time.
Net worth analysis fails to account for income streams. Two people with the same net worth may be in far different financial shape depending on how much income they receive (SS, pensions, etc.) and how much they spend each month. Net worth analysis fails to account for COLA that affects how far your dollar stretches depending on where you are living.
Net worth analysis also fails to account for other living factors. Two people with the same net worth may be in far different social situations depending on where they reside. Two people with the same net worth may be facing much different future prospects based on health outlook. Two people with the same net worth may be facing much different personal outlooks if they have familial problems.
Net worth analysis also doesn't account for overcompensation, i.e., accumulated wealth that fails to be spent. Many retirees are so caught up in saving their wealth that they fail to cash in on their hard work. They wait too long before starting to spend their money.
31yrd. I own my own car. Pay rent. No debt. No kids. 💸 💸💸💸
25 no debt. my own car. just. just focusing on my rent and startig a buisness.
I sincerely very proud of you, so young and smart! ❤️💯✅
Great to not have debt, but time is ticking on having kids though... Pregnancies after age 34 are considered geriatric pregnancies which comes with a much higher chance of complications.
Is whenever God wants, Im not rushing or think anything wrong 🥰. It is what it is ❤️💯✅
@@chrism.728 Is whenever God wants me to have kids. I'm not rushing or worrying about it. If it happens great and if it doesn't happen is okay too. Either way this world is It's getting worse by the minute, so sometimes it is a blessing not to have kids. Thank you for your concern.
By all the self-confessed Golden millionaires in the comment section, Alux must have a lot of newborns and embryos as watchers 😂😂😂😂
Right😂
🤣
No men that have gone through divorce lost 30%. Most have lost 70% of whatever they have worked hard to build.
Welp, im poor af
hahaha, I can relate...
Bruh I can relate
For my African brothers and sisters this video ain't For us😂
😂😂
Why not? We can supercharge ours too
Keep your poverty to yourself please.
@@homodeus8713yeah for real this isn’t funny. We are literally the weakest link in this country. We are the most obese, least educated, and have the lowest combined net worth. This is truly sad and shouldn’t be praised at all.
@@homodeus8713my exact comment. I'm a Caribbean/African American in 6 figures and get inspired by videos like this which propel us in the diaspora forward
Love your content. For this video, I haven’t watched it all unlike all the other videos that I always watch till then end.
Comparing yourself to others is not a recipe for mental well being.
This is the most depressing video I have watched in a long time.
I guess what is painful is the fact that it tells you that you are not ok if you do not fit in the category.
Anyway, every other videos on this channel are gems for me.
I might watch it till the end after taking a few anti depressants 😂😂😂
Thank you Alux. I am 22 and have a net worth of $663,453 as of this morning. Much because of your content!
I really feel grateful to be born in a third world country in a rich family! It has given me a great headstart and I am also able to take risks without thinking much as my family is always backing me up. This type of treatment is only possible in 3rd world countries as 1st world country parents want their kids to be "independent" I support that, but I really think it's not a great idea to let your kids fear risk
..do these numbers account for student loan debt?
I was wondering the same question
They should. Net worth calculates debt.
Net worth is all assets minus all liabilities, so if you have 100k invested and 100k in student loans your net worth is 0.
This video is a rude awakening and a necessary kick up the back side to get your things in order
The numbers for 25 onwards (at least mid to high end) seem scary low for many metropolitan or city areas. Maybe is phenomenal for other parts (referring to living in the US) but find that concerning so as to weather periods of unemployment, emergencies or realistically retire.
Hopefully one offsets that with rather high income(s) or ridiculously low cost of living.
Using median gives a more balance picture of net worth. Really enjoyed this video. Thank you.
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
@@hunter-bourke21bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Izella Annette Anderson* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I am going to look her up, I have about $181k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
I’m thankful that my parents, at age 94 and 96, can pay all their bills and pay to be cared for in their senior living facility.
does this include medical debt? or only credit card, mortgages, car payments?
All debts
I thought this was the place future billionaires get inspired? We need a follow up video on the top 1% and .01% net worth by age.
At age 16 to 21, you are still studying unless you are working and studying at the same time and still living with your parents.
And you are saving some of your allowance not to mention that your parents are well off and are generous enough in giving you extra money.
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
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.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I have been investing for 8 years, 5 with a CFA, I've achieved a 10x return compared to DIY efforts, totaling nearly $2m ROI. My best yet.
Hello, I'm interested in trying this out. Who is your adviser, and how can I reach them?
Stacy Lynn Staples is who I work with. Have worked with her for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Stacy sure knows her onions in this industry, from her intimidating profile which I went through, on her web home page. I started off last year tailoring a colleague's tradin strategies but it didn't pan out well. Hopeful that Kathleen will attend to my message.
Mistake @5:56 low end and high end?
...and what do you exactly 😂😂🚮
Yeah, i'm killing it! (Kind of on the low end, but still! Also, justified by being at the beginning of my age bracket)
Thanks to alux I look broke then a homeless but still in top 10%😂❤
🤣
*Wow😁, it's crazy how some people can become multimillionaires by investing just $10K in trading within a few months, while others have to work for 40 years to reach $1M in retirement savings. The power of smart investing, right?*
That's awesome!!! I know nothing about investment and l'm keen on getting started. What are your strategies?
As a beginner, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria K Walter, a widely known consultant
That's true. a lot of people today have been
having a ton of disappointments in forex and crypto trading in light of helpless direction and awful specialists
I've been trying to trade but I keep making losses and it's frustrating
Can you recommend a guide for me?
Is this realistic for people in 2024 in the middle of inflation?
Inflation only make the numbers go up.
Zero Personal Debt and Passive Income is the Key...Only borrow strategically via a Business to Earn Money...Quick FLIPS or Passive Opportunities.
The goal is to be debt free and have enough, to not worry about money that much. There is no magic number, just when you stop worrying about money, that's when you are doing good. Most people who retire, end up GAINING net worth in retirement. There are a lot of people that want you to invest and tell you, you need $2 million dollars. It's all non sense. If you are debt free and own your home, you are golden. If you get sick and need to be in a home, doesn't matter how much you saved, because it will all be gone. Better to be broke at that point and get state aid.
I don’t want to be rude nor especially want to ruin future videos for the community here on UA-cam but would like the answer of why would I want to pay for a subscription of an app if I eventually see the content here for free? Alux?
Happy to see that my net worth is higher then the median for my age group (41-45). And I hope to be in the 10% by 65. Don't have to be golden by that age, but the top 10% should be manageable🤞🤞🤞
Your primary home isnt an asset. Its a store of value for most.
Assets put money in your pocket constantly. Home cost you and most people do good to break even after all costs calculated.
Interest, taxes, repairs and renovation, insurance and property maintenance.
GOLDEN
I plan on doing so, but in Nigerian Naira 😅
😂😂😂 one of the most garbage currencies
Easy way I got rich and I'm gen X, started with -$22k out of college: buy stocks in Apple, Microsoft, Google, Wells Fargo.
So, what if you're not even at median, for the age group?
Your net-worth is the sum of your satisfaction + peace + happiness in life.
ALUX, these numbers are astronomical for southern Europeans. Can you make a video strictly about Europeans or even better southern Europeans? Your numbers are still skewed due to US and Canada. Just to give you an idea: average net salary 1.000 euros if you are between the ages of 30 and 40
I was born at the year of 1999, my net worth is 100k+, I still constantly felt anxious about my future. I worked and saved too hard and I'm still worried 😢.
What are you worried about mate?
You create your future and from a financial perspective you're doing well
dawg you. doing. well im 25 and. dont have that, enjoy the moments money cant buy. You doing better than 85% of our age group. take a chill pill.
How did you make that money ?
@codingiscreativity been working since 2018, didn't go college, saved 70% of all my income, didn't impress nobody. Hope I saved more but I need to make more I guess
@kolibaba9507 scarcity mindset got the worst of me bro, 100k can't get you a house, it's like I'm afraid one day if I gon run outta cash.
Thanks, very happy to have watched this video😄 . though if economic crisis comes, then things are hard to say ..
Hi can you guys include top 1% please for ages 18-30. I’m between top 1-10 so I wanna know
Great video.However at 5:47 in the video there's a clear error in the low and high end bracket.
At most of these age brackets. I simply hope to be wealthy in good health.
I don’t understand how this is a positive number for the vast majority of people. Does this not include student loans?
Yes, you're supposed to pay those off and get on with your life. The purpose of the debt in the first place is to increase your salary after you graduate.
@@alux I get that just thought it would skew the stats more is all.
Current net worth $316,000,000 and growing current age 65.5 🎉
😂😂😂 baller
This is fun! So, I’m 40 yr old this year - my net worth is about $550k without the yearly take-home pay from work which is in the low 6 figures. Curious to know if I qualify to be in the top 10% of my age bracket.😅
I think it depends on how much you have liquid that you can put to work and create more revenue.
You know what Alux should have done? Do NOT count your primary residence as part of your net worth then tell me how they do. Your primary home is for you to live it and its not that liquid. Another point I want to make it is are you a traditional 401k/IRA or a Savings+Roth 401k/IRA millionaire? Remember, you owe Uncle Sam a piece of that huge pie if you go a spending spree on the former when you retire. I would rather be a $300k home+$2.2 million Roth 401k/IRA millionaire than a $1.2 mil home + $1.3 million traditional 401k millionaire.
The problem is that these numbers are mostly applicable to the United States. For Eastern Europe and Asia, even 10 thousand dollars is a lot of money.
I'm 47 worth 930k, which is better than I thought. I had student loan debt until the age of about 42, so I spent the last 5 years trying to make up for lost time. The 930k comes from home equity, pension, deferred comp, gold, taxable brokerage account with stocks and crypto, 529, and savings accounts.
Oh wow I’m 27 and my net worth just past 250k a few days ago I guess I’m on the right track. I hope to scale it to at least $1M when I get to my 30’s
They describe how to calculate your net worth incorrectly in the beginning of this video. The correct way is below:
“Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe.”
17 year old millionaire 😅 I'm youngest millionaire in my blood line ❤
Future became billionaire soon 🔜
How did you make your money?
@@MoistDelta. By stock market
@@devRabha-p4t I didn't know you can invest in the stock market as a minor
Dam, what a wake up call! I'm turning 25 years old, have a 1 year working experience and although in the African continent I still feel like I have to up my game asap. Thank you Alux, I definitely needed this video.
I absolutely love ❤ this channel.
I had a job since I was 16 and as soon as I turned 18 started investing. I put 2k that I had saved up into Tesla shares back in 2019 and they had a crazy run in 2020 which turned my 2k into 8k. I cashed out and redistributed my earnings in other investments and a few months after that I heavily got into crypto. I made it my goal to keep at least 1k in my savings account for emergency purposes and all other money I make (aside from bill money) to be invested consistently into the stock market and crypto. I reached a peak net worth of 64k back in 2021 at the age of 20. Since I didn't cash everything out at the top the bear market came around and now I'm sitting at like 45k net worth at 23. Good news is the next bull market is happening now and by the end my portfolio should quadruple since I have significantly more money in the markets than I did last bull market. When you play the long game you always win
Bro I don't think your playing the long game
Also what is crypto 🤔
Hello @Alux, please check the editing at 5:47 min. Some data(Low end to High end) is showing wrongly.
So this is net of student debt and house loans and car loans ?
Masterwork is stupid, I don't recommend investing, I've experienced it myself, in theory everything looks great, but in practice everything creaks DO NOT INVEST ON THEIR PLATFORM AS YOU WILL LOSE MONEY
What is to consider as ranks? What is the easiest way to obtain approval? What is the requirement to achieve your friendship? What is the signification to prove my or our worth? With all these information is it beneficial for technical courses that can be succeeded? I had listen almost every post here on UA-cam but am still out of America and single, is it working? Why are you not taken control since am an aluxer? You're a business teacher remember.
Different layout video, same GOLDEN quality. Thanks Alux.
narrator says the total net viewership of every video and number of subscription to alux channel has to be more than that age till you are alive
AI voice-overs are improving but still tedious.
As a youth trainer, unpunished writer of nonfiction books, poet, and mentor how can I earn millions from my inspiration and empowerment ikigai/life purpose?
I am just limited by resources to attain my life purpose.
Hongereni sana hii ni super super interview Asanteni . mi niko serious na kilimo am proud of it licha ya changamoto zake 🎉
If I do sell everything thing that I have it would be worth $15 USD.😢😂.
Once a year? I made it a habit to do that on the last day of every month. Even if the progress looks smaller, it is a great motivation.
I am on track to be worth $6mil at age 65, based on average performance of the last seven years in the stock market
I was a millionaire but in the last 2 weeks I had to spend it all on Bidens groceries
At the moment, I'm just trying to rebuild our emergency fund which we keep having to dip into despite my trying to spend as little as possible.
Ambulance ride a few months ago.
Multiple car issues.
But can't get a new car because we don't have the funds for it yet.
Really feels like I'm running in place when I'm not running backwards
I know and track my net worth regularly;
I also track my change in market value (and averages for monthly, annually, YoY and going back several years) in both dollars and % in each account, and in the aggregate of all my accounts.
I also know where, how, and I why it changes, such as growth, balanced and income/value.
I'm on track to retire early in 1-2 years, and will be able to live on ~ 10% of my annual change in market value from dividend income only.
My net worth is the median of people 20 years older than me so at the rate I’m going I’ll be good. 43 with 430,000.00 net worth.
This video gave me a reality check. Time to become debt-free. This is disappointing and unacceptable for my age. Thanks for vid. I needed this.
This only matter for usa. How can we convert it to other nation
Sorry guys in the age 41-45 bracket I’m weighing you down
There are many ways to grow your nav. For those who lack much cash...get good at purchasing things you need and want for about ten cents on the dollar and this will effectively ten times your nav. You can also use this skill to flip things and I crease your cash.
Love this video keep it up
I'm 36 years old, 35000 usd networtth i'm from a developing country with a low value currency, i think im doing ok