Ex-Banker Reveals Secrets the 1% Use to Grow Their Wealth
Вставка
- Опубліковано 29 вер 2024
- On this episode of The Table with Anthony ONeal, we're joined by Ashley M. Fox, a former Wall Street analyst turned financial educator, who's on a mission to empower our community to embrace investing through her company, Empify. Ashley shares why investing is crucial for building long-term wealth and explains how anyone can get started with as little as $35. She'll also discuss how investing can transform not just your financial future but also your legacy, creating opportunities for generations to come. Whether you're new to investing or seeking to expand your knowledge, this episode offers practical insights for your financial journey.
Mentioned On Today's Show:
*This show is sponsored and brought to you by Better Help!*
🤝 Better Help: link.anthonyon...
🤝 Ethos Life Insurance: link.anthonyon...
📱 Ashley M. Fox: / _ashleymfox
🍃 Empify: www.empify.com | / empify
▶️ Ashley's UA-cam: @Ashmfox
📖 Book of the month: amzn.to/4e3qvhB
Checkout My Network Partners:
🤝 Better Help: link.anthonyon...
🤝 Chime: link.anthonyon...
🤝 Course Careers: link.anthonyon...
🤝 Ethos Life Insurance: link.anthonyon...
🤝 Sofi High Yield Savings: link.anthonyon...
Tools Created With YOU In Mind:
📔 Pre-order My New Book: www.anthonyone...
📧 Email List: link.anthonyon...
💲Wealth Builder Tool: link.anthonyon...
💰 Wealth Calculator: link.anthonyon...
💸 Debt Calculator: www.anthonyone...
🏦 High Yield Savings Account: link.anthonyon...
💵 MooMoo Investment Account: link.anthonyon...
💲Financial Advisor: anthonyoneal.c...
📗 The Ultimate Guide To Debt Payoff: www.anthonyone...
📒 Make Money Online: www.anthonyone...
📈 Get A Raise: www.anthonyone...
📞 Schedule a 10 Min Call with Yellow Tail Tech: link.anthonyon...
👩🏾❤️👨🏾 Singles Playbook Quiz: take.singlespl...
❓ Guide To Asking Hard Questions: get.thequestio...
⛪️ My Devotionals on The Bible App: rb.gy/v0qf9i
🔎 Find a Church Near You: www.anthonyone...
The Neatness Network:
🎤Patrice Washington: @PatriceWashington
📗Joy River: @TheCouchwithJoyFriends
👩🏾🍳Victoria Lewis: @thevictorialewis
🏅Justin Owens: @Runtheplay
👨🏾💻Cyrus Harbin: @techisthenewblack
FREE Webinar:
💻 The Personal Brand Masterclass: anthonyoneal.c...
RECOMMENDED Reading
📔 Debt Free Degree: amzn.to/3jA8GfR
📓 Destroy Your Student Loan Debt: amzn.to/3uG5wNQ
📓 Essentialism: The Disciplined Pursuit of Less: amzn.to/37iUUf1
📘 The Ruthless Elimination of Hurry: amzn.to/3uEiKdW
🎙 Listen to the show
iTunes: apple.co/2Wb2FhG
Spotify: open.spotify.c...
🎵 Intro: "The Table - Evan Ford, www.instagram.... / evan-ford "
GET IN TOUCH
🌍 My website - www.AnthonyONe...
🌍 Advertise With Me - partnership@anthonyoneal.com
Connect with Me!
Instagram: @anthonyoneal
Facebook: @anthonyoneal
Who I AM:
Hey, fam! I’m Anthony and I’m here to help you discover your authentic self and achieve spiritual, financial, and mental freedom. I know what it’s like to be in debt and homeless - I’ve been there. But with the grace of God, I was able to turn my life around and I’m now helping others to do the same.
Join me on my UA-cam channel and let’s start this journey together. I’ll share my experiences, tips, and tools to help you achieve success and become debt-free. Plus, you can follow me on Instagram @AnthonyONeal and visit anthonyoneal.com for more resources and help.
Subscribe now and join the AO fam! Let’s get to it!
Have A Questions You Would Like Asked On The Show:
Tweet me @anthonyoneal or email me at anthony@anthonyoneal.com. If your question is long, I might not read it, just being honest. 😁
Disclaimer: Some of these links are affiliate links, which means I may get a commission if you purchase. However, none of the fees of these resources have been increased to compensate me. In fact, many of these have given me special discounts that I get to extend to you! 😉
A question that could have been asked is, "Why has the U.S. market wildly outperformed just about all other stock markets in the world?" Will this continue? I'm dumping my developed markets and emerging market index funds because their returns have been garbage next to U.S. market returns. And I've had those funds for over 10 years, so the U.S. outperformance is a long-term phenomenon.
I invest in index funds. I realize that, for index funds to work, there has to be some active investors influencing stock prices. The few investors who are smart enough to do that well will beat the market and are justifiably rewarded. I'm not one of them.
i'd rather buy ETF's than invest in individual stocks. if you don't have experience or don't have time to monitor your portfolio, you should consult with a portfolio expert to guide you.
Accurate asset allocation is crucial, I used hedging strategies to allocate part of my portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Pls how can i meet this advis0r? i want someone to help me invest an Inheritance, i dont want to lose it to inflation
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria.
I rewind a lot of the video because I have to write these things down😂
Make so you use what you wrote down and don’t toss it
Yes I had to keep pausing 😂 I took a lot of notes 📝.
@@BreLakersN6 such a good video!:)
@@20jallow thank you!
I had to slow it down
Awesome guest!!!
This is amazing thank you so much
How can I start mutual funds
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
My CFA NICOLE ANASTASIA PLUMLEE 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..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
The 1% have access to tools and strategies most people don’t even consider, like tax optimization, alternative investments, and hedging against market volatility. It's a whole different game
Exactly. They’re not just sitting on cash or relying on traditional stocks and bonds. They’re diversifying with private equity, real estate, and even art collections. That’s how they keep growing their wealth, even when the economy dips.
It makes you wonder-why don’t more people know about this? It’s like the wealthy have these hidden strategies that we could all be using if we had the right guidance
I think a lot of it comes down to access to the right advisors. Wealthy individuals don’t make these moves on their own. They have portfolio managers who are constantly adjusting their strategies to align with market conditions.
My advisor, Joseph Nick Cahill, opened my eyes to some of these strategies
I’ve noticed that too. The average investor usually only thinks about short-term gains or beating the market for a year or two. But the 1% are always thinking long-term, like wealth preservation over decades. That’s where having a seasoned advisor really makes a difference.
I am impressed with your update on tech stocks, I am looking for tax efficient way to rebalance my 7-figure dividend portfolio without triggering capital gain tax. what asset location strategies should i use?
The best strategy depends on your financial situation, account types, tax bracket, and investment goals. Consult an advisor or tax professional to tailor these strategies for maximum tax efficiency.
I’m currently working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 30% NVDA, 25% SCHD and over 40% in digital and alternative assets, thanks to my CFA. This strategy has helped me earn $56,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
Oh I've heard similar things about hiring an advisor. It's hard to choose one that's very good though. Could you make some useful recommendations?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria
Wow!! her track record looks really good from what I found online.i just filled the form and scheduled for a call. Thanks to you.
One of the best interviews by far in 2024
. She was dropping nuggets 🔥
I was thinking the same thing. ❤
💯
I read that ex-banker’s interview about how the 1% grow their wealth. It’s crazy how they structure their investments differently from the average person.
Yeah, they don’t just rely on traditional stocks and bonds. They’re heavily into alternative assets like private equity, hedge funds, and real estate. That’s where a lot of their returns come from.
What surprised me was how much they leverage their assets to get more capital. Instead of selling, they take out loans against their investments, so they avoid capital gains taxes while still having access to cash.
Right! And they use all sorts of tax strategies that most people aren’t even aware of. Things like offshore accounts, trusts, and foundations to reduce their taxable income. It’s a whole different level of wealth management.
Plus, they’re always reinvesting their earnings. The ex-banker mentioned how the 1% use compound growth to their advantage, continually putting their money to work instead of letting it sit in cash.
And the part about connections was eye-opening. They have access to exclusive deals and investment opportunities that aren’t available to the general public, which just accelerates their wealth-building. It's a cycle that keeps them ahead.
I'm about to be 50, and we got a trust a week after the husband's sister the oldest passed away at 39. We have had it since our 30s, and it has given such peace of mind.
Wow, so sad. 39 is such a young age.
I’ve studied millionaires for years, but now my focus is billionaires.
In terms of habits, what is the difference between a millionaire and a billionaire?
@@faithhouse6111you can become a millionaire doing anything really. Honestly you can become a millionaire by getting a mortgage and paying it off overtime and selling the property.
🤷 Becoming a billionaire requires intentional action, which is kryptonite to most people.🤷
Me too
@@faithhouse6111crickets
@@faithhouse6111use Google
What a smart intelligent women. Awesome insight. Thank you.
Yes! She’s definitely an intelligent woman.
Wealth doesn't have a color is noteworthy.
I opened a brokerage account for my baby so quick my phone overheated 🔥 lol😂
Good job 👏🏾 ❤
Perception is key. How you truly see yourself is one of the greatest determinants as to what type of life you will experience. This applies to individuals as well as groups. African Americans need to collectively change the perception we have of ourselves and restructure our value system to prioritize things that will lift us to the next level like education economic empowerment.
This Black Qween is amazing 👏🏾👏🏾👏🏾 very knowledgeable.
"i work hard for the money, so why does the money get to chill?..."💯💯💯
Need that on a hoody
Billionaires or the 1-percenters shouldn’t be used as the sole archetype for success and wealth . The school teacher, plumber, or engineer who works hard 30 years and saves/invest consistently that retires with $500k in their 401k and own their homes are big winners too. We also need to think BIG and practically despite being every day people.
This episode was awesome 👏🏽…. Thank you so much Ashley I opened and funded my first brokerage account this morning after watching your episode yesterday. Keep empowering our community.
❤❤❤
Yessss, we have to create better habits for our youth. That hit me hard
Knowledge is not power Applied Knowledge is power
She is dropping gems… in order!
7 mins in I am HOOOKED omg. She's too cold
Wow I want to help her company! This idea has been burning inside of me and I can relate to her so much! Would always want to work with a company who matches my values and this is it! I’ve always said that to help change the world you have to start with children!
Great information! She breaks down investing in a way that is comprehensible and practical.
This is an important video; I’ve been studying the stock market for years and own stocks but this motivated me to stay focused - thank you
Real Talk... She said, " it's the emotions that's tied to the credit cards that is causing us to be in debt". I would like to add that a person's image can rob them of them of their freedom and keep them in bondage, and distracted from building wealth.
Words from my guy Grant Cardone! ❤ Most people know how to make money, few know how to keep it, and even fewer know how to multiply it.
Who doesn’t watch the full episode? If the message and content is good, Im listening the whole way through while I clean.
I love this tho. I am always open to hearing black women exceed and share knowledge.
BEEN following her. She knows her stuff. 🙌🏿
This interview is perfect timing as I just recently joined her Passive Income bootcamp.
Where can we find this bootcamp?
@@combogroup9902 the information is under the show notes
That's awesome, teaching kids financial literacy, definitely a need in the community
I Love watching Anthony O’Neal, Stock Brotha, & Dave Ramsey. 🔥 🔥 🔥
How did stock brotha get into this group?
@@TheFocusNowThis is how bots operate now.
@madvillainy6845 do they pay for the bots?
“Awesome” is the only word that I can think about right now. I have 3 kids and 5 grandchildren that I can afford to put a least $1000 per month into an investments for them. I am going to start. Matter of fact, I share this video with all 3 of my children and my oldest grandson.
Great. Now teach your kids and grandchildren how to multiply it.
Most of our folks are wayyy too scared to invest due to the scarcity mindset. Once we get past that frame of mind, investing becomes a sport
Oh, I'm looking forward to this 1!
Ms. Ashley is dropping some real fire!!!!!
That is correct, I need to make my 401k work for me, so yes i could use this.
I was in line at my local Walmart buying a piggy bank for my son and a woman in front of me was arguing with the cashier about the price she was paying for her items. I noticed she had a Loui Vutton purse lol. I came here to watch your shows again.
Great interview. I am one of her students. Learning so much.
💪🏾💪🏾💪🏾
Thank you for this powerful information I am learning keep up the good work my people are destroyed for lack of knowledge 👍🙏
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
Well you got a point truly but right now i feel e commence among other sectors are expected to really see growth but who know i might be wrong, These days the market is filled with surprises.
With the current trend of the market my advice to anyone starting out in the market is to seek guidance as its the best way to build long term wealth while managing your risk and emotions with the passive investing strategy.
Interesting, I’ve actually been looking into that lately, the news I've been seeing in the market hasn't been so encouraging honestly. If you don't mind me asking who's the person guiding you?
I don't comfortably throw recommendations around on the internet, but I've been working with Nancy Magaret Delony. God ! she's brilliant! I'm sure there are others who are good.
thanks for putting this out, it has truly rekindled the fire to my goal...
Get it, sis! I love a confident, intelligent Black woman! Dropping jewels!👏🏾🙏🏾
Definitely need to bring her back. Definitely need more time.
🎉 excellent interview
Yea ima need this episode to get dropped ASAP !!
That was awesome ❤ I’m starting TODAY
All I can say is WOW!!!! "We make EVERYBODY rich except ourselves!"
Can we please have a part 2 or another episode?
Ashley is a book of knowledge 😊
Reasons why I’m a banker with 15 years of experience turned financial strategist that plans to run my own wealth management firm.
NEEDED THIS! So inspirational and informative, notes have been taken and action plan put in place and mobilized ❤ LETS GET IT FAMILY!
Amazing! Thankful for this interview! ❤
Whew! This is so good!
watched it to the end, and thank you for the information!
Definitely looking forward to this one
She said she wanted to teach and reach more people. I am always following her interviews here in Uganda.
So many people do not open a 401k even when their employer offers a company match,literally leaving money on the table
I made this mistake until my financial advisor educated me. He said I am giving you any money. Put the money in the 401K up to the percentage the company matches.
A million subscribers by end of 2024,thanks for sharing knowledge with us brother.
Does Ashley have a UA-cam channel and what’s the name of her company?
Empify is the name of my company…and yes on UA-cam I am Ashley M Fox
Great show! I’m learning a lot! I listened to this episode more than once just in case I missed anything the first time around! Thank you Anthony! I will be looking into Empify & continue listening 🙏🏾
Board Meetings! Yes, a few months ago, I've decided to meet with my wife and children once a quarter! Glad to hear others are doing so. Thank you for sharing much wisdom.
Anthony needs to date her!
This is worth a 2 hour show! So much knowledge and wisdom!
she said "are we just excited about keeping rich people rich" sheesh
I am highly grateful for this interview... 🔥🔥🔥🔥🔥🔥🔥🔥🔥❤
This is the definition of education. I was going to say edutainment, but this is profoundly deeper & and more professional than that. Success leaves clues 👏🏿 🙌🏿 ✊🏿🤜🏿🤛🏿
If trap had a female version of him
This is it shes amazing tho
Ms Ashley got me in here rearranging my furniture. This is so good, lawd
This was great conversation. This has me really considering getting into investing as someone who is risk adverse.
We SPEND TRILLIONS yearly!
💎 GEMS ALL OVER THE PLACE
You know what, despite these interviews being amazing the issues is that everyone takes notes and love what they hear but only 1% actually action and do what they learn in these interviews. It would be nice to have some sort of accountability group to ensure that these learnings are actually being actioned on. You can save $3,000 tomorrow to put in a trust fund because of this video but you will go buy a weekend in Miami cuz it’s your birthday week. Many of us aren’t committed
Agreed. It takes work and the work is hard. We have to choose to do it hard. Accountability is key
Tell them!! We need action and implementation. Glad you pointed that out.
Great interview ❤❤❤ I’ll definitely check out her platform.
Wow, she's amazing and smart! 👏. I need to follow her.
I would listen to her talk for 2 hours!
Today is September 25th houston texas time 7:42 pm 2024 houston texas time
Thank you!!! I need to have a family meeting NOW!!!!!
Keep up the good work
The wealthy got the big checks during the pandemic, some lower income people got a small check less than $2,500, and the rest of us got nothing.
Even in the dating world, we got to spend all the man’s money on traveling, luxury, paying a woman’s bills, and can’t eat at chain restaurants. No one has a mutual money building mindset, the mindset is who we can get over, a parasitic and consumer mindset.
It's a goal for me to have a partner with a wealth building mindset 🙏🏾. Teamwork makes a dream work!
No one?
Just find someone who has the same values.
I love Ashley Fox!! Very knowledgeable!!!
Thank you so much, bro 🙏. You do a great job for our community and stay focused. I salute that smart queen for everything 🙌.
Come on Queen👏🏾💕 This episode is putting me in check.
💪🏾💪🏾💪🏾
Definitely looking forward to watching this as I’m currently in bank field
Need information along with practical baby steps.
Investing in the stock market isn’t paying yourself first..you can gain money or lose money in the stock markets… where can you invest that you can’t lose money.. only gain , other then a CD ?
Look into ibonds, treasury notes & t-bills. Go do some research on those. Also, it may not gain a lot or gain quickly. But answer this question, why are you skeptical of the stock market? Yes it goes down but it comes back up as well. "Time in the market" is important. Being a landlord can cause you to lose money as well, depending on the tenants & contractor you have. But awesome question, keep asking for more knowledge
You can invest in high-yield savings accounts, Treasury bonds, fixed annuities, money market accounts, or I Bonds for low-risk growth without the possibility of losing your principal.
Fixed index annuity. IUL, money market funds, bonds.
The market has always gone up. Sure, you can lose if you invest in risky stuff and sell low, but the market historically rebounds if you're patient.
Great interview! She’s giving out so much GOLDEN information!
Man if everyone listen and follow the instructions you guys are giving, we all be worth millions and millions of dollars. I've owned my business for 20years, I had employees turn down IRA accounts because they didn't trust the process, you can bring a horse to water, but you can't make them drink it.
Wow Ms. Fox I'm understanding and consuming everything you are saying...... Life changes starting right now.
facts.
If Ashley isn't married Anthony, you guys would make a good couple. Because its gonna take a strong man to married that woman.
HMAY is a wonderful podcast. I love chocolate baby story time. Excellent content from you both.
Looking at my husbands feed, just scanning and came across your channel. 🤯Mind Blown, I’m feeling a sense of sadness, excitement and the energy to MOVE. Thank you and Miss. Fox. Definitely sharing this
Love and Light 👌🏽
This was a great discussion, and thank you for sharing your beautiful story, young lady. ❤️ 🤝🏾
This might be your best interview. It's definitely top 2 or 3 . I wish the interview was longer. Great info 🔥👏👍🔥
These 1% people also create start ups and look to THEIR people for angel investment for PRIVATE equity. That's where the serious money comes into play. Not just compounded . Were is our UNITY. Our LEVERAGE. Our control. We keep talking about pouring money into already existing companies, which is not bad, but we never talk about merging to control industries.
Wow!!!!!!❤
Great interveiw, i thank you guest for the information she is passing on to most of us who are on the financial journey to make our lives and our families better. I will watch this time and time again to fully grasp the information that was given and try to implement them through out life. Blessings from Jamaica.
Great interview, Ashley! I have learned so much as a member of the Wealth Builder community! We can't wait to see you ring that bell at the NYSE!
Thx u …. For an extremely insightful & thought provoking interview. 💯
On June 12, 2008, Netflix's stock price was approximately $5.25 per share (adjusted for splits). With a $1,000 investment, you could have purchased about 190 shares.
As of July 1, 2024, Netflix's stock price is around $450. Multiplying the 190 shares by $450 gives you approximately $85,500.
So, a $1,000 investment in Netflix in June 2008 would be worth about $85,500 in July 2024.
Thanks
Would that have been just a one time investment or $1,000 per month ?
@@iamallisonalannaThat is a one time investment
@@iamallisonalannaone time investment.