6 Money Traps to Avoid in your 30s: 1. Buy a house you can't afford 2. Buy a car you can't afford 3. Not investing or Not investing enough 4. Not having a high income skill 5. Not having financial goals 6. Not being financially literate
Im 32 living in NYC. I was going to ask my boss for a raise in the last week of feb. That wouldve been 2 years since my last raise. Instead he called me to his office and offered me a raise of 15k without me asking. That was roughly a 20% increase of my then current income. I accepted =)
Great tips! I’m in my 30’s and achieving financial success. I only wish I had started sooner. If you’re in your 20’s or younger, START NOW! Listen to videos like this! And by your 30’s you be a multi-millionaire. You can do it.
I more than doubled my income when I went from a dead end production job at an ad agency that wouldn't let me grow, to going to grad school for Digital Marketing and landing in sales. Worked there for 7 years and only had a $40,000 salary, but after 1 year in sales made $90,000 in commissions . Now I am an independent contractor doing Digital Marketing sales for a tech company with no cap on commissions because I'm independent and getting a share of the profit. And I have complete control over what I do. I've been doing that for 2.5 years now and had to start over financially but I'm more than halfway to my income goal.
#1 I bought a RV so me and my mother could live in and then the next month she passed away. I had a few suprises for expensive. But after the dust settles it will be well under 20% rule. #2 I fell into this one when I got a car when I was 27 I could not afford. My monthly payment was $450 a month and after 3 years I owned 11,000 left on the car that had 90,000 miles #3 my problem not investing enough it's investing in the wrong people why other people stealing my stuff to put me back #4 I have a high income skill switch is security installation closing and tech support that stack together. #5 I do have financial goals I want to get my own land to put my RV on at and build my house. #6 is one I need to learn more about.
I have a question, how can i get customers for coding, web development, copyrighting and stuff like that if i'm under aged? Like how can you make someone choose you over someone with years of experience?
Years of experience does not mean they are better especially if they stayed in the same job for years and they become complacent. Make personal projects, create your own digital portfolio, etc. to showcase your skills. I'm only 29 years old but got to senior dev position by constantly studying and experimenting and growing in my career while many older than me with more "years" sometimes don't have as much skill because they don't spend time to practice and learn outside of their work tasks.
Also you can get involved with developer communities locally and online to learn and grow from. Personally, I joined a software architecture meetup that discusses development techniques and experiences once a month in person.
Definitely not buying a house or a car I can't afford especially as I am leaning towards purchasing rental property. I've wasted so much money in my 20s. Now 38, I've see a better sense of financial literacy that I didn't get a biomedical student.
Early 30s now, have a savings habit in my savings account with good interest. Invested in a 10 years life + savings insurance plan for future use, and a little in stock market. Car paid off since 2 years ago. Planning to buy primary home & get married some time between now to 35. Like Dan said don't buy whatever you can't afford, never change your car too often, buy a good one and drive for 10-20 years if possible. The ladder rule is great, ask yourself if you're really doing what you want, or is it what your parents/ others want, your life would be wasted
That 20% rule for owning a home is something everybody has, but at different percentages. Dave Ramsey says 25% of your income for a 15-year mortgage. This guy says 20%. That's too high if you're living in California and only have one income.
I agree in investing, but knowing what you want to invest in is very important. What he said before was to NEVER invest in something you don't understand. Learn before doing.
How do you Hedge against an economic downturn? The debt crisis? Do you short the markets or do you buy gold? Do you buy bitcoin? What are your takes on the blockchain industry? Like do you also own other crypto? Do you invest in blockchain business?
Thanks for your outstanding works. Could you please give me some ideas what to do when I am from 3rd world countries? I want to be a millionaire. Because of lock of money I lost my wife and father. I am 29 now. Please rescue me.
You got that right!That's exactly why I'm in the process of getting my LAH to have more financial awareness. I'm going to reinvest in land again I did it the first time and turned my first piece of land into an asset, and I'm going to buy more. Because I'm going to avoid the waiting to invest trap!
Invest in yourself at one thing that’s going to take you to where you want to go. Reprogram your subconscious mind. Don’t let your current situation dictate your future many entrepreneurs don’t have many friends and keep distance from family members to protect their hard drive.. witch is your brain
Some good advice here. I started a business at 24 and sold it at 32, purchased 4 properties between the age of 29 and 34 with cash and rent 3 of them out, they cover all my bills, been living the dream for 2 years almost in Spain in a nice private villa with my own pool. I wish everyone success on the journey to smashing those goals.
I avoided a few money traps, I don't use a credit card..don't buy anything until I really need it...plan save before each spend...just Invest in good gym,clothes and basics... No party,show off, hosting people and flashy social life... believe in meditation, focus, close knit family ties, saving and doing multiple side hustles out of passion even if they pay less...yes I still have my job, I don't think it's a poor mindset, being joyful today and tomorrow both are equally important. Hope it helps.
6 Money Traps To Avoid In Your 30's 1. Buying a house you can't afford (20% rule) 2. Buying a car you can't afford 3. Not investing (enough) 4. Not having a high income skill 5. Not having financial goals 6. Not being financially literate
I live within my means, making 5 figures a year, invest 16,66% in stocks/reits/government bonds, invest 23,33% in my business, save 1,93% for retirement (i Live in Brazil, so government have this basic retirement plan), have 3 sources of income, keep estuding financial education every day, have financial objetives etc. But i dont have a high income skill, yet, i need one ASAP!!
CAN U MAKE A VIDEO EDUCATING WHERE TO INVEST MONEY AS IN WHERE INTEREST IS HIGHEST ? BANK FD ? MUTUAL FUNDS ? STOCKS AND SHARES ? ALSO HOW TO IDENTIFY WHICH ONE IS BEST
Money traps 1. Don't buy a house you can't afford. Use the 20% of your networth on your primary residence. 2. Don't buy a car you can't afford, Expensive cars = high bills for maintenance. 3. Don't wait to invest, invest then wait.
I have been doing all of these since my 20's. It's just something I enjoy. Thankful for Dan Lok sharing his wisdom. People like him inspired me to share my story. I was always taught to keep success to yourself but I see now that is selfish to not help other people.
Ladder example he gave made me think for an hour and i am convinced and shocked how much he's right about that.Damn my life had been based on a false promise for all the years man😭
Thank you, Dan! All your videos are super helpful. I was able to raise my income in 40% last year, following your channel, using some of your tips, still lots to learn ahead!
Everybody can be an investor but what makes the difference is there are passive investors and active investors. Passive investors are those who invest their money without investing their time to study the investment. That is what most people do. An active investor is someone who invest a lot of his time before to invest into a business such as warren buffet. He knows what is doing. Never give your money to a stranger in hoping to get rich. If you are just a ‘’passive investor’’ and then your trapped
Not when you buy 350z. They are like $4000 at a good deal and their parts are cheap although they are reliable cool sports car. I still manage to save $1000 every month owning that car. I use the money difference for my investment and day trading
Im in my early 20s Sifu Dan and I just know one thing that I'll be learning atleast HTC from u and I'll do that! I don't care about anything else I can't afford it today but tomorrow I will! I'll be doing that!
I am 18 years old and I want to build my OWN business. I am interested in marketing that buys from different countries(Philippine, China, Vietnam or other countries that make cheap products). I haven't decided what kind of product I want to start with. Can you give me any information on where I can start searching to know more about this field? Thank you.
Don't buy things you don't need for the sake of showing off to people, most of whom don't even care about your house and car. Then make sure you are investing when you are as young as possible to make sure that initial investment can grow and work for you.
6 Money Traps To Avoid in Your 30's: 1. Buy a house that you can't afford 2. Buying a car that you can't afford 3. Not investing and not investing enough 4. Not having a high-income skill 5. Not having financial goals 6. Not being financially literate
Hi, I have one question about investing: You said at 7:10 that if I invest $10,000 in my 30s, with 7% compound interest annually, then I'll have $1.4 million in 35 years. If I use the interest formula, $10,000(1+0.07)^35 = $106,766. I think that I'm missing something. What kind of investment are you talking about? Please help me out.
Buying a car might be the worst decision you can do. It's so much more affordable to live in a city and use public transport instead of paying hundreds of dollars for cars. Might be smart to buy a motocycle or something like that that does not require a lot of gas or insurance.
10000 invest at 7% from age 30 to 65(35years investment period) how does he get $1.4m if compounded annually. The actual figure should be 10000x 1.07^35 =$106765. Hi Dan, do you mean $100, 000 invested at age 30 instead of $10000 lol? Or is there error in my calculation. Pls correct me if I'm wrong.
There are two wise persons guiding me spritually. That's on the one hand Dr. Nowazradan who asks "Do you really need to eat this for living right now?" and on the other hand it is Dan who says "Do you wanna be successful or do you wanna be a broke bum with no opportunities? Oh, you are tired?! Get your ass up, already!!!" :)) Nearly forget my guitar teacher who says: "The right day to practice is TODAY." ;)
Not Investing in cryptocurencies Not buying a house you can't afford Not gambling Investing in none profitable investments Not being programmed Not having knowledge of financial education.
Yeah I'm not here to converse for him but to testify just for what I'm sure of . I made 14, 000 usd from 3,000 usd I invested with the help of the same Sir Thpmson.
Dan, you are such a big blessing to my life. I have seen my life improve since I started listening and putting to practice your teachings. I am 32 right now and though I don't have many of these challenges because I have been learning from you, I do know I am on the right path. I have to be honest, it's not easy, but its worth it! I am still guilty of number 4 for now(some high income skills) because high income skills are awesome but takes time to acquire I am having challenge with closing right now.
34, am I in these traps? 1. YES. 25% in mortgage every month. 2. No. We have small, cheap cars. 3. YES. I'm not investing enough. 4. YES. I have a high income skill, but a job that doesn't pay well. Working on that. 5. No. I do have financial goals. 6. No. I'm much more financially literate than I was 5 years ago, always learning and revising. Score: 3/6 Yeses, gotta get that down.
Great video Dan. I'm 40 years and I'm looking at buying a car for family and work. What is the maximum percentage of salary to be spent on a car monthly. I've learnt from you that house should not be more than 20%. Thank you. I'll be grateful if could recommend a part-time job to supplement my income. I live in Ghana, Africa.
What is your opinion about buying a car full price, previously owned? Then you dont have a monthly car payment and they can’t come and take your car for missing a payment.
Only issue is, that the country I live in doesn't have so cheap housing. Even the smallest, shittiest appartment will take up 20% or more of my not so bad salary. I would love to move into a cheaper house, but it just ain't possible.
The thing is if someone have money or able to buy something, they think they can affort it because banks or sellers tell them so. I think the word should be re-term to buy what you need.
How do you invest if markets can suddenly go 2008? And even if they don't, i feel stuff is so volatile that as soon as i get into investing i just lose my money to those who live from this field and thus know how to exploit others who aren't as proficient.
in essence put your retirement 1st!!!! as soon as u are economically active, so i just follow what old people do as a young man, cheap car small flat, keep saving and investing, no splurging till im in my 40s and 50s currently 31, mortgage is £100 interest only but i pretend like mine is 600-800 like all my age mates and save it all up, success is always planned not an accident like celebrity culture tries to portray
6 Money Traps to Avoid in your 30s:
1. Buy a house you can't afford
2. Buy a car you can't afford
3. Not investing or Not investing enough
4. Not having a high income skill
5. Not having financial goals
6. Not being financially literate
Az flor Huerta thank you!!!!!
Az Flor Huerta thank you!
Tanks alot
Thank you
Thankuuuuuuuuuuu
Im 32 living in NYC. I was going to ask my boss for a raise in the last week of feb. That wouldve been 2 years since my last raise. Instead he called me to his office and offered me a raise of 15k without me asking. That was roughly a 20% increase of my then current income. I accepted =)
The more I listen to you, the more financially wise I become. Thank you, Dan Lok
Great tips! I’m in my 30’s and achieving financial success. I only wish I had started sooner. If you’re in your 20’s or younger, START NOW! Listen to videos like this! And by your 30’s you be a multi-millionaire. You can do it.
Same here Steve! Wishing you good health and good fortunes!
It's never too late to succeed
but how can i do it?im only 18 living in canada. any tips or insight would be nice
you are absolutely right bro i am in my 30's and i believe i can to and i believe i am on the verge of getting there one step at a time.
❤️
Thanks dan! 🙌
I am as young as you are and I like all of your videos, I learn and I know clearly what I am doing and what I have been doing, Cambodia
I more than doubled my income when I went from a dead end production job at an ad agency that wouldn't let me grow, to going to grad school for Digital Marketing and landing in sales. Worked there for 7 years and only had a $40,000 salary, but after 1 year in sales made $90,000 in commissions . Now I am an independent contractor doing Digital Marketing sales for a tech company with no cap on commissions because I'm independent and getting a share of the profit. And I have complete control over what I do. I've been doing that for 2.5 years now and had to start over financially but I'm more than halfway to my income goal.
you will succeed
Mr.Dan Lok ,you are my inspiration actually Watching your vlogs and I am so amazed on how you talk professionally.❤ Godbless you 🇵🇭
Much appreciate Mr Dan Lock
#1 I bought a RV so me and my mother could live in and then the next month she passed away. I had a few suprises for expensive. But after the dust settles it will be well under 20% rule.
#2 I fell into this one when I got a car when I was 27 I could not afford. My monthly payment was $450 a month and after 3 years I owned 11,000 left on the car that had 90,000 miles
#3 my problem not investing enough it's investing in the wrong people why other people stealing my stuff to put me back
#4 I have a high income skill switch is security installation closing and tech support that stack together.
#5 I do have financial goals I want to get my own land to put my RV on at and build my house.
#6 is one I need to learn more about.
I'm sending this video to my children who are young adults. Thanks!
You are my best man
I want to avoid both 1&2 money mistakes Sifu Dan
I think am already trapped in these 6 traps.... 😢 I must change. Thnx to the King
I have a question, how can i get customers for coding, web development, copyrighting and stuff like that if i'm under aged? Like how can you make someone choose you over someone with years of experience?
Years of experience does not mean they are better especially if they stayed in the same job for years and they become complacent. Make personal projects, create your own digital portfolio, etc. to showcase your skills. I'm only 29 years old but got to senior dev position by constantly studying and experimenting and growing in my career while many older than me with more "years" sometimes don't have as much skill because they don't spend time to practice and learn outside of their work tasks.
Also you can get involved with developer communities locally and online to learn and grow from. Personally, I joined a software architecture meetup that discusses development techniques and experiences once a month in person.
Thank you so much for this Dan! You are simply amazing! I learned a lot.
Definitely not buying a house or a car I can't afford especially as I am leaning towards purchasing rental property. I've wasted so much money in my 20s. Now 38, I've see a better sense of financial literacy that I didn't get a biomedical student.
Early 30s now, have a savings habit in my savings account with good interest. Invested in a 10 years life + savings insurance plan for future use, and a little in stock market. Car paid off since 2 years ago. Planning to buy primary home & get married some time between now to 35.
Like Dan said don't buy whatever you can't afford, never change your car too often, buy a good one and drive for 10-20 years if possible.
The ladder rule is great, ask yourself if you're really doing what you want, or is it what your parents/ others want, your life would be wasted
Thanks Dan for the trap warning 😊😊😊
The ladder metaphor is so true !!
Thanks ferry much you have make my days going
Great tips 👌
20 years old here, into Dropshipping.
Bro can give a idea about how much money I need start a dropshippng .
Thank you sir
Thankyou Dan for such a great video.
By the time I am watching am visually clear about my finalcial goal.
Thankyou again from the core of my heart.
From INDIA, love you sir
Don't give up the fight.
Thnx Dan....
Great logics bro
thank you
That 20% rule for owning a home is something everybody has, but at different percentages. Dave Ramsey says 25% of your income for a 15-year mortgage. This guy says 20%. That's too high if you're living in California and only have one income.
Point No.6 need to focus
Thanks Dan Its financial literacy that you are spending !!!!
Finish all your credit first then save and invest you should win all the best to all
It’s absolutely not - many many millionaires say the majority of their wealth was made in their 50’s
Hello, any video for high income skill?
I am an orthopaedic surgeon in Bombay, India
I agree in investing, but knowing what you want to invest in is very important. What he said before was to NEVER invest in something you don't understand. Learn before doing.
I will not be over spending on my house ...
I get 1000 every month for 13 years now
Please give English Subtitles sir ......
How do you Hedge against an economic downturn? The debt crisis? Do you short the markets or do you buy gold? Do you buy bitcoin? What are your takes on the blockchain industry? Like do you also own other crypto? Do you invest in blockchain business?
Thanks for your outstanding works. Could you please give me some ideas what to do when I am from 3rd world countries? I want to be a millionaire. Because of lock of money I lost my wife and father. I am 29 now. Please rescue me.
I haven't increased my income in years
what about the 40s?
I will avoid all of them
😔 honestly I still don’t know what I want to do with my life and I’m about to enter my 30s next year.
making 10000per month in my environment is like - "IM RICH " .
Let's create more income in Malaysia with us. 😘
I made all the mistakes and I’m 33. I’m learning financial literacy and creating new money habits
Everyday is a school day.
You're still on time to get back on track!
Shanetha..you not alone my dear...
No problem just keep grinding
Wow
I'm 68 years young and am always learning!
Dr.Cheryl Cuttineau you af nigga
I'm 108 yrs young
You even say young and you want to millionaire in 70s
Thank you!
Beautiful to hear
Financial literacy is so important! I like Dan's point about not needing to be an expert at it, but having that basic understanding!
Erika Kullberg: Finance, Investing, Passive Income hi
You got that right!That's exactly why I'm in the process of getting my LAH to have more financial awareness. I'm going to reinvest in land again I did it the first time and turned my first piece of land into an asset, and I'm going to buy more. Because I'm going to avoid the waiting to invest trap!
Invest in yourself at one thing that’s going to take you to where you want to go. Reprogram your subconscious mind. Don’t let your current situation dictate your future many entrepreneurs don’t have many friends and keep distance from family members to protect their hard drive.. witch is your brain
Thanks
Great
Yeap !!!
Some good advice here. I started a business at 24 and sold it at 32, purchased 4 properties between the age of 29 and 34 with cash and rent 3 of them out, they cover all my bills, been living the dream for 2 years almost in Spain in a nice private villa with my own pool. I wish everyone success on the journey to smashing those goals.
Theswagger properties services
Fantastic!
Currently on house #3 will be at 4 by end of year. You're living my dream.
The jealousy is real right now.
Please what is the business u sold
I avoided a few money traps, I don't use a credit card..don't buy anything until I really need it...plan save before each spend...just Invest in good gym,clothes and basics... No party,show off, hosting people and flashy social life... believe in meditation, focus, close knit family ties, saving and doing multiple side hustles out of passion even if they pay less...yes I still have my job, I don't think it's a poor mindset, being joyful today and tomorrow both are equally important. Hope it helps.
Wealth is when your residual income is BIGGER than your bills.
Thumbs up if your a residual income creator!!
Yep, my bills are 20% of my income. Pretty legit
no because if you live like a rat you bills are low.
It’s unfortunate so many don’t have this information early on. Thank you Dan Lok
So true.
Omg
House, car, investment, high income skill, financial goals , financial literacy.
Very powerful. Thanks for sharing.
"Clarity is Power. What is power? Power is the ability to act." & "When the idea or vision is clear the path is easy."
6 Money Traps To Avoid In Your 30's
1. Buying a house you can't afford (20% rule)
2. Buying a car you can't afford
3. Not investing (enough)
4. Not having a high income skill
5. Not having financial goals
6. Not being financially literate
I live within my means, making 5 figures a year, invest 16,66% in stocks/reits/government bonds, invest 23,33% in my business, save 1,93% for retirement (i Live in Brazil, so government have this basic retirement plan), have 3 sources of income, keep estuding financial education every day, have financial objetives etc. But i dont have a high income skill, yet, i need one ASAP!!
I’m almost finishing my masters in geotechnical Engineering. But I’m having second thoughts now am I in the correct ladder as Dan told 😢.
falling to consumerism and all that marketing from big corporations
CAN U MAKE A VIDEO EDUCATING WHERE TO INVEST MONEY AS IN WHERE INTEREST IS HIGHEST ?
BANK FD ?
MUTUAL FUNDS ?
STOCKS AND SHARES ?
ALSO HOW TO IDENTIFY WHICH ONE IS BEST
Cryptocurrency for me :)
I invest in index funds, but diversification is key!
*Live within your means. Invest first. Save. Pay off your credit card debt every month. Life is good.* 😉
Exactly
No that not what he said...
So true
Money traps
1. Don't buy a house you can't afford. Use the 20% of your networth on your primary residence.
2. Don't buy a car you can't afford,
Expensive cars = high bills for maintenance.
3. Don't wait to invest, invest then wait.
29 atm. Just invested in a warehouse that i'm renting out. Getting some decent returns on it. After i pay of my loan im probably getting another one.
nice bro.. i had different portfolio though but it doesn't matter as long as we get cash flow from it.. cheers!
Perfect timing, found that I wasn't sure of which wall.
I have been doing all of these since my 20's. It's just something I enjoy. Thankful for Dan Lok sharing his wisdom. People like him inspired me to share my story. I was always taught to keep success to yourself but I see now that is selfish to not help other people.
Ladder example he gave made me think for an hour and i am convinced and shocked how much he's right about that.Damn my life had been based on a false promise for all the years man😭
It's not to late u can chang e from now also
Thanks sifu🥇
Right time Right video
Your content fabulous
Love from India
Keep doing more on investment & financial video
It's really adding 🥇value
Mr Dan, watching your video about 6 money traps to avoid when one is in his 30's is an eye opener for me. Thanks for the information.
Thank you, Dan! All your videos are super helpful. I was able to raise my income in 40% last year, following your channel, using some of your tips, still lots to learn ahead!
Everybody can be an investor but what makes the difference is there are passive investors and active investors. Passive investors are those who invest their money without investing their time to study the investment. That is what most people do.
An active investor is someone who invest a lot of his time before to invest into a business such as warren buffet. He knows what is doing.
Never give your money to a stranger in hoping to get rich. If you are just a ‘’passive investor’’ and then your trapped
I’m 20, Dan Lok is helping shape my future. Currently working on building my high income skill. Thank you Shifu.
Me too🥰
Not when you buy 350z. They are like $4000 at a good deal and their parts are cheap although they are reliable cool sports car. I still manage to save $1000 every month owning that car. I use the money difference for my investment and day trading
Im in my early 20s Sifu Dan and I just know one thing that I'll be learning atleast HTC from u and I'll do that! I don't care about anything else I can't afford it today but tomorrow I will! I'll be doing that!
Aditya Dhaka dont. Search ‘cult of dan lok’. Thank me later
I am 18 years old and I want to build my OWN business.
I am interested in marketing that buys from different countries(Philippine, China, Vietnam or other countries that make cheap products).
I haven't decided what kind of product I want to start with.
Can you give me any information on where I can start searching to know more about this field?
Thank you.
Don't buy things you don't need for the sake of showing off to people, most of whom don't even care about your house and car.
Then make sure you are investing when you are as young as possible to make sure that initial investment can grow and work for you.
6 Money Traps To Avoid in Your 30's:
1. Buy a house that you can't afford
2. Buying a car that you can't afford
3. Not investing and not investing enough
4. Not having a high-income skill
5. Not having financial goals
6. Not being financially literate
Hi, I have one question about investing:
You said at 7:10 that if I invest $10,000 in my 30s, with 7% compound interest annually, then I'll have $1.4 million in 35 years.
If I use the interest formula, $10,000(1+0.07)^35 = $106,766.
I think that I'm missing something. What kind of investment are you talking about? Please help me out.
This is with investing 10k annually
@@JackOfAll_Polymaths Oh I see now! Thanks!
Buying a car might be the worst decision you can do. It's so much more affordable to live in a city and use public transport instead of paying hundreds of dollars for cars. Might be smart to buy a motocycle or something like that that does not require a lot of gas or insurance.
That's in my mind too, to buy a motorcycle 😉
So Glad I’m watching this in my early 20s
10000 invest at 7% from age 30 to 65(35years investment period) how does he get $1.4m if compounded annually. The actual figure should be 10000x 1.07^35 =$106765. Hi Dan, do you mean $100, 000 invested at age 30 instead of $10000 lol? Or is there error in my calculation. Pls correct me if I'm wrong.
There are two wise persons guiding me spritually. That's on the one hand Dr. Nowazradan who asks "Do you really need to eat this for living right now?" and on the other hand it is Dan who says "Do you wanna be successful or do you wanna be a broke bum with no opportunities? Oh, you are tired?! Get your ass up, already!!!" :)) Nearly forget my guitar teacher who says: "The right day to practice is TODAY." ;)
Not Investing in cryptocurencies
Not buying a house you can't afford
Not gambling
Investing in none profitable investments
Not being programmed
Not having knowledge of financial education.
@@patriciacartwright751 why do people out of ignorance remain poor 🤔
Gambling is bad. Gambling means the odds are against you. Don't gamble. Be the house. House always wins.
Yeah I'm not here to converse for him but to testify just for what I'm sure of . I made 14, 000 usd from 3,000 usd I invested with the help of the same Sir Thpmson.
@ Susan how do I text Mr Thpmson now
@@lopezjoe857 actually I believe Thpmson is a very popular sincere broker that every successful Investor must have heard about.
You are great 👍 ありがとうございます😊
Dan, you are such a big blessing to my life. I have seen my life improve since I started listening and putting to practice your teachings. I am 32 right now and though I don't have many of these challenges because I have been learning from you, I do know I am on the right path. I have to be honest, it's not easy, but its worth it! I am still guilty of number 4 for now(some high income skills) because high income skills are awesome but takes time to acquire
I am having challenge with closing right now.
34, am I in these traps?
1. YES. 25% in mortgage every month.
2. No. We have small, cheap cars.
3. YES. I'm not investing enough.
4. YES. I have a high income skill, but a job that doesn't pay well. Working on that.
5. No. I do have financial goals.
6. No. I'm much more financially literate than I was 5 years ago, always learning and revising.
Score:
3/6 Yeses, gotta get that down.
Hi Dan,
Just saw your video. Can you explain how investing at 30 years a sum of $10,000 becomes 1.4 Million in 35 years?
Great video Dan. I'm 40 years and I'm looking at buying a car for family and work. What is the maximum percentage of salary to be spent on a car monthly. I've learnt from you that house should not be more than 20%. Thank you. I'll be grateful if could recommend a part-time job to supplement my income. I live in Ghana, Africa.
What is your opinion about buying a car full price, previously owned? Then you dont have a monthly car payment and they can’t come and take your car for missing a payment.
Only issue is, that the country I live in doesn't have so cheap housing. Even the smallest, shittiest appartment will take up 20% or more of my not so bad salary. I would love to move into a cheaper house, but it just ain't possible.
The thing is if someone have money or able to buy something, they think they can affort it because banks or sellers tell them so. I think the word should be re-term to buy what you need.
How does $10,000 with an annual return of 7% turns too $1.4 Million? doesn't make sense can someone please advice?
How do you invest if markets can suddenly go 2008?
And even if they don't, i feel stuff is so volatile that as soon as i get into investing i just lose my money to those who live from this field and thus know how to exploit others who aren't as proficient.
Dan lock 🔐❤♥ my it's been a while I haven't listened to your video for advice now am back.
Hi Sir,
I am watching your Videos Sir, Your speech is Excellent Sir.
Ive had a computer for like 2 days. lIke a personal PC lol ive had a xbox account forever. i cant help who tries to follow me.
in essence put your retirement 1st!!!! as soon as u are economically active, so i just follow what old people do as a young man, cheap car small flat, keep saving and investing, no splurging till im in my 40s and 50s currently 31, mortgage is £100 interest only but i pretend like mine is 600-800 like all my age mates and save it all up, success is always planned not an accident like celebrity culture tries to portray
Financial Goal… having a problem with my wife not open and transparent in discussing goals in financial.