Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with 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, Teresa L Athas 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.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
So Tom, a mechanical engineer studied some books and consistently beat the market by a few percent (4%) each year. While most professional fund managers aren't able to beat the market long-term. I feel suggesting everyone to read a few books and do stock picking will turn many folks who listen into Stevens.
I agree, but the average investor does have a huge edge, that is the size of their portfolio is small and they aren't forced to diversify like large fund managers.
Beating the market by 4% is easy. Doing it month after month, year after year isn't possible without luck or fraud (not necessarily you defrauding people, possibly the firms you invested in doing so)
So Tom studied the markets in his spare time, and started beating the market by 4% a year every year... then he studied aerodynamics, grew wings and flew away. Started giving air taxi rides on his back for extra $100k a year.
When you start researching many fields in your spare time methodically on the Internet you realize "experts" don't know shit. They follow the money, that's all there is to it. By having no superior funding your research you can actually dive in the deep end and make sense of it all much better than experts with agenda can even extrapolate if they tried through their vouched official sources and previously manipulated data from a previous money agenda. It's also getting outdated to listen to warren's advice saying you need 100k before easing off. This is for a tradfi environment but in crypto the small money investors stand a much better chance to outperform on big money with cunning, wits, research and measured risks. In tradfi a big return year would be 10-100% roi. In crypto you could easily aim for 50-1000%. that means you only need $10000 before easing off. As long as you train yourself well with little money that you can't afford to lose, it will become a lot easier to scale it with a smaller income and/or less time.
This video breaks my heart in a way. My sister worked her way to the top in her career, literally her ass off. Dollar cost averaged her cash since she was 20; got to her $1,000,000 mark at 37 and got into a car wreck and passed away. She never got to enjoy it. I hope my brother in law uses it wisely and appreciates the hustle, grind and discipline that it took. She taught me a lot!
Oh man. What a heart breaking story 💔 rip to your sis. We must work hard to achieve our goals but also keep in our minds that health is wealth. Everything else comes after health
@@jakemacfitness2849 I mean it’s true, but insensitive but imagine if she wasn’t as successful as she was and left behind a family, freak accidents like these happen. Life insurance is important if you have people that would struggle without you
And this is the reward you get for your hard work in the end - a coffin, and nothing more. This life is a fucking joke. These jobs never get you anywhere in the big picture.
All these stories always begin at the age of 20something and with a job that pays insanely good salary. They are inspirational, I agree, but I would also like to see how a 30 or 40 year old could manage with a lower salary :) obviously not as great, but it would bring some realism to these videos.
@@olivedollop7363 true. I could do that now that I'm 36 but definately not when I was 25 🤣 at that age I could have saved maybe 300 but I was young and wanted to do things. Serious investing started to interest me around the age of 30.
@@Proximax9 I don't mean to be contrary... But I am 22 and I can easily save 1,500 per month and I am not even high school educated. My circumstances are extraordinary, but if I had been satisfied with the ordinary when I was 18, I would not have built the business that allows me to be who I am today. I only say this for the 18 year olds out there that are being told they can't do it. If you want something badly enough, you will be shocked by what is possible.
@@peterstuber7456 Im happy you have accomplished something like this :) my own personal experience was quite different. No one talked to me about investing when I was in my 20s, but I did get into investing when I turned 30. My first idea of course was to get a monthly savings style investing schedule with a company that specializes in such things, but it turned out to be a huge scam. All they did was take 90% of the money I was supposed to get in "fees" and other payments. So I started investing on my own. Naturally with no one to guide me I had to learn everything by myself. Now Im 36 and finally doing ok with my portfolio, it's just that I feel like Im 10 years too late.
44 years old here and I just installed etoro on my phone, still I have no idea with the hard earned and saved 1000U$. Any pointers and suggestions are highly welcome plz 🤗🙏
I just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
This video assumes: -born in America -had the opornities to get this very high paying job -good at his job -likes his job enough -stable realtionship -no random medical emergencies -beats the stock market like anyone can't
Yeah. It’s super unrealistic. We should all just accept our circumstances and be poor for the rest of our lives. Anybody who makes it obviously just got lucky. Honestly fuck success, let’s just all cry about being poor and unsuccessful
The video does assume a lot of favorable conditions that aren't accessible to everyone. Factors like location, job opportunities, job satisfaction, stable relationships, health, and consistent market success aren't guaranteed for all. It’s crucial to consider these variables when applying such financial advice, and more inclusive stories would better reflect the diverse challenges people face.
@@johntu7484 I think favorable is really, really stretching it. It assumes *not worse than average* conditions *for people in developed countries*. A normal average person living in the US or western Europe should be able to do the same thing. The only thing that is easy to criticize is the investment returns being very stable and above average, which dependent on your perspective requres unusual luck or unusual skill.
So Tom is 43 today and became a learning machine at the age of 23 by listening to his favourite podcasts and youtubers. Man was really ahead of his time back in 2002 then
If this is a made up story inspired by someone with a updated environment to fit the times it could be a real story. Maybe it could be a story of someone watching this video. :)
Finally, I understand what 'paying yourself first' really means. It means the opposite of paying somebody else (new car, expensive vacation, new Apple phone). You also need to carefully plan how much are you going to pay yourself. Then, you would treat yourself as a business, just like Ford, property owners, and Apple Inc. Basically, trying to manage your money and learn to manage your money. In general: BUY ASSETS! Try to find assets that will not fail in 3-5 years and are also on sale (at a discount). Or call it "PAY TO YOUR FUND FIRST" before making frivolous purchases (optional spending). Or at least match each luxury purchase with investing in your fund. And if you can't afford to make a luxury purchase and simultaneously make a matching investment, then skip the purchase until you can make a matching investment to your purchase! Example: If I want to buy a game (discretionary spending) for my Playstation, then I need to put the same amount into my personal assets. Or buying the latest biggest TV- then put the same amount into your assets (actually, first put it into the assets, then pay for TV). Thank you, Swedish Investor your visual presentation clicked with me!
@@factorfitness3713 Or "Pay to your fund first" before making frivolous purchases. Or at least match each luxury purchase with investing in your fund. And if you can't afford to make a luxury purchase and simultaneously make a matching investment, then skip the purchase until you can do both! :)
"Paying yourself first" means prioritizing your savings and investments before spending on non-essentials. It's about allocating a portion of your income to build your future wealth. Treating yourself like a business involves strategic financial planning, disciplined saving, and smart investing, ensuring your money works for you over time. This approach fosters financial independence and long-term security.
It's not that unbelievable. Tom was researching a lot about investing and knew how to look for companies which were undervalued, or which were growing faster than the general market. Heck, just look at Berkshire Hathaway, which could lose 99.3% of its value and *still* have outperformed the S&P 500 index since 1965. It's true that not a huge amount of investors outperform the market, but the point is to educate yourself well enough that you can become one of the investors who do.
Ikr, if you have a strong finance background you will know that it’s a fantasy even from the beginning when he said Tom followed Warren and picked only stocks like FANG. If the guy who made a video studied Finance as a major he would have known that Warren and his mentor (Benjamin Graham) invested active/passive with a portfolio of at least 30 stocks back in the day, now you may even consider spx 500 ETF as a passive investing way. And we, the finance people use quantitative ways to picks the stock, not like just shopping it like grocery bruh. And the guy talked about beating the market lmao. May be if Tom was lucky and bought the stocks during crisis like Coivd19 which happen once in a life time. I can’t even bear watching the whole video, then I saw your comment. Like minded!
This video is more inspirational than actual “inspirational” videos for me. Such a simple message, preaching something nearly anybody is able to do to achieve extraordinary results.
I want to start making investments because I need a passive income and a steady income flow. I have 50k to start up, what steps do you think I should take? Can someone share me some good advice?
@@paul.l6310 I will advise you get a *manager* who will help you with the intelligent plans and ideas to achieve good returns. I work with a manger of a wealth management whose experience has been superb for me. You should give this is a try, her works has made great returns for many
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million
Currently on my way to 20k. I have a few thousand in stocks and that was put in as the market has been dipping during this year. Constantly lowering my average price. I hope to reach 20k within 2 years and continue to invest in high value companies!
@@isaacpimentel9747 yep, still holding. I have a target price to sell at for each of the companies I’m watching. Past few months have given some great buying chances. Hope the market stays down honestly because I’m just gonna average my share price down as much as possible.
@@pokemon17007 I use the s and p 500 but there are other methods that can be far more accurate. Also, simply evaluating the tendency of whatever stock you pick can show a lot about its worth. My best advice is to respect the companies you invest in. Come to understand their business and see if it has a future of success. For the math you’ll have to find other sources, but use your own intuition as well after studying the company and coming to an educated guess. Because I really numbers can lie
Keep buying bro, trust me this is the best time to buy, even if you save the money, hold for a few months until it bottoms out then buy more. That’s what I’m doing. It will rally up again. Don’t try and time the market, it’s not worth it. If you have any spare cash try and also buy a rental property, it will help.
I just started 2 months ago and I went from $6k to $5k LMAOOOO, I'll dump more money into this recession though, its a discount right now. It will go up, trust!
I feel like the 10% average return and tom "beating the market" was unrealistic even for this fictional scenario, but the rest of the points were fantastic. Very encouraging
@@grizzy4769 to give you some perspective. Over 50 years: 10% returns verse 7% returns compounds into more than 400% greater. If you made $1,000,000 from 7% returns over your working life… you would have $4.1 million if you had 10% returns.
Mr Swedish Investor, you're simply giving so much value lessons for free..I really am so grateful to you...and I'm really happy and excited for the fact that a great lot of learning and teachings for financial freedom is compacted in this video and the practical use of gathered knowledge to reach the financial independence despite being an average earner and which proves to be so legitimate...
while I agree with the core messaging of frugality, this video sets unreasonable expectations it is optimistic to a fault and operates on frankly ridiculous assumptions such as saving 1000$ a month while having to pay rent on an entry level position or having no student debt or never having any emergency expenses for that matter
Or assuming that anyone, with enough research, can beat the sp500 consistently. Huge hedge funds usually fail to beat the sp500 consistently. Of course you can get lucky, but 99% of people are best off throwing all their investment money in an ETF such as VOO or VTI and never looking at it for at least 25 years.
Not necessarily. I'm 23 and make over 100k a year. I work long hours and have no college education it is completely doable just have to find the right starting career to get ahead.
I have no issues with this video. just take away the lessons from this and ignore the savings per month and age of those savings. Invest in what you know. Only take risks when you can afford them and expect nothing back from them Save save save. Create a csv/sheet on your savings/spendings Dont spend your money when you notice you are starting to get a return. keep re investing it.
Some of you people NEED everything handed to you on a silver platter bro... Just take the positive lessons from the video and adjust the algorithm to consider your current financial situation. Done.
Bruh…recent studies shows that literally anyone can do high intelligence jobs…It’s just a matter of actually using your brain. Students told me in the past “Angus you’re a smart guy , you just don’t use it”…which is true. I was a obnoxious teenager who was into drugs….But now I’m what people would say “oh man’s he’s a musical genius”
@@ChipChapChop Tom is Swedish. You don't need a lot of money in EU to go to university. Cost me 1.5-2K EUR/year here in spain for computer science engineering.
Most amateur lose money because they are guided by emotions and hype. A good financial planner alleviates that. Everyone who thinks they can 'play' the market should realise that half of all profits made in the market are from dividend - not get rich quick deals. Very certain that this market will recover. the goal is to hopefully stay employed and to keep investing in the market which is exactly what I'm going to do. Find a way to get promoted while investing my money and staying as frugal as possible. My portfolio currently up to 20% from Q1 of 22. Buy the dip or wait...
@@rondajefferson1287 Great idea, exactly what I'm planning on doing now that the market is down, but I'm an amateur investor and I have no idea on stocks to buy or what assets that will yield highest potential. > you seem to be doing well yourself on this volatile market. Please how do you select stocks you invest in??.
@@necholaa9267 I don't do that myself I have my funds very diversified, tho I did it using copy trading system from the advisor "Charlie Laura".. you might have seen her doing some stocks analysis in the news sometime. Met h at a start up funding seminar and since then I've come to know the benefits of her copytrading strategies an aspect of algo trading methods. Her stocks pick are good...
The key to intelligent is diversification.. A diversified portfolio minimise risk while in for a long term. It allows a certain amount of high-return on investment by offsetting possible risk through more stable alternatives.
I walk the long relentless walk of dividend investing. I broke $100 this month. It took me a year and I started at .10 cents return after my first month. I know $100 isn’t much but too me, it was a huge landmark in my financial expedition
Currently working on stage 2 at age 23! I really feel privileged to have learned about investing at a young age. I constantly try to convince friends and family about investing, but they just don't seem to care enough. Everyone is always complaining about taxes and government and rich people. But they don't seem to want to play the game for themselves. I just don't understand people living there lives paycheck to paycheck and not ever trying to escape.
Same here bro. I feel u. If it was for me I'd put at least 10% of my savings (and my parents') in stocks.. Nvdia, MS, google.. they will play more and more a larger role in society. Everyone's fine spending 1800$ for an iphone. But putting that on stocks or ETF if you wanna play it safe no, its wasted money...
I'm just now getting into it but I feel overwhelmed! There is so may bots and scams, taking the first step is unnerving however, living check to check is chaotic. Could yall recommend some books to read for absolute beginners with no knowledge what so ever? Or even if it's not beginner friendly, what's your top 2 books? Thx in adv.
@@1hinita Honestly fuck all that, You really just have to watch a few videos on trading Option stocks and have a few grand in a begineer freindly app like Robinhood, All that studying is harmful if you never take the initative since their's a variety of strategys/philosphys on investing your never going to actually know how to do it the ''right'' way.
With how long stock market has been around, would you still consider it a valid option 2023 onwards? (I'm total newbie that thought little of the stock market)
LIBERTONCORP is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
I started investing at 25 and lost for 5 years strait. At 30 I had accumulated over 60k$ for a down payment but I changed my mind and decided to put only 5% down and invest the rest. At 31 I made all the money back and more. Now at 32 I have over 100k$ and I think I will pass 130k$ this year. I will be able to retire much earlier because of that move.
@@Metrowhite he thinks ath will keep reaching ath in metals :D ridiculous reading these stories on this channel as whole theory they present isn't about 30% yearly growth
While I totally agree on the general idea of saving and putting money in safe investments that compound over the years, the actual video had a few points that seemed a bit off. First, setting 1k aside per month in your 20s is not possible for the vast majority of people. When I was that age that was my whole monthly salary for quite some time. So unless you live with your parents who will feed you till your 30s I doubt this is feasable. The second thing was about him consistently beating the market. Since you quoted Buffet several times you should know that he also states that the vast majority of professional investors cannot beat the market over a large period of time. So no, the vast majority of regular people will not achieve this. For this reason when you state in the end that you could earn more than the guy who can make considerably more savings than the average person and beats the stock market it is quite false.
I mean im 19, spent my childhood doing drugs and smoking weed and I live in Montana, one of the lowest economies in the U.S. and I still have an extra 1000 every month. I feel like 1000 is a pretty tame number as long as you're making $13 an hour at least.
@xathrax why are you so negative in your response? Hopefully, you can remove your current obstacles that are preventing you from seeing this plan as possible. Possible for yourself!
@@thomatofpv3546 yea I know, I make like 1700 a month depending on how much overtime, my rent and utilities levels out to about 750 give or take, plus with a few side hustles an extra 1000 isn't that hard to get a month and I don't even have to cut down my dispo trips lmao
You made the road look so simple and achievable. Also this video gives the message that the returns of stock market are not in your control but being disciplined, invested, control our urges, building good habits are in our control. So we should focus om that.
We are in a 100+ year stock market bubble that's about to collapse. Since the creation of the Federal Reserve, there has been continuous printing. At any point in time in this market, any company that continued to exist would eventually appreciate.
@@henryjubeda7617 lmao so for 100 years weve been in a "bubble" and the entire time people have been saying its gonna pop but instead its been growing bc thats what a successful business does and america is a successful business, and youre still saying its gonna pop after a healthy bear market correction lmaoo. If you educate yourself you could be quite wealthy in a shorter time frame than usual with the current market crash
@@pillsburydopeboy334clearly you're the one who needs education. What he's saying is that what goes up must come down. Sure we can see growth for maybe another century for all I know, but in a system where money is debt, and interest is being charged on that debt, eventually its gonna crash. It's an inevitability. But go on with your bear market analysis.
The information presented here was garbage. There are so many better financial literacy resources out there. Do not rely on this video for advice and do more research.
*Getting a way to make income without having to leave home isn’t exactly as easy as you all think it is , talk is cheap and it’s sure easier said than done , I have my source , and I would rather stick to that, it pays well, even my stepdad quickly*
Bruh, im in the medical field and you can ask me anything medical and id break it down for you. Crypto, however, is a different monster on its own and ive been watching videos for the past year now to increase my knowledge. I love other youtubers like Coin Burea, Invest Answers and so on but i gotta say, you take the cake in explaining in laymans terms. You are much appreciated! Please continue to make these simplified videos for dummies in this space such as myself! and vcorpinvest.Com is always a good option for beginner and pro investors, i have made almost 200k ussd thanks to them
It is estimated that over 40,000 to 300,000 people have made a massive one million dollars in bitcoin pending on the type of broker involved for every investment to yield earning a professional broker should be involved. MrDavidVermette is a professional broker from VCORPINVEST.COM on GOOGLE who manages,handles and gives guidance on investments to get good profit,,he can make you millions
It is estimated that over 40,000 to 300,000 people have made a massive one million dollars in bitcoin pending on the type of broker involved for every investment to yield earning a professional broker should be involved. MrDavidVermette is a professional broker from VCORPINVEST.COM on GOOGLE who manages,handles and gives guidance on investments to get good profit,,he can make you millions
Love that you formatted this information into a story with a character! One of the most entertaining finance videos I’ve watched on UA-cam so far, thank you!
The amount of time creating a story, doing the animation, and doing the editing is quite impressive considering how sh*t the actual information presented is. Do more research, there is a ton of financial literacy resources out there.
I loved Tom's story, the only thing I'm missing here is working out, when I reach 30 I want to be in the best shape of my life, not only aesthetically but athletically as well. Sport is very important to keep health and mind at its best
Generally speaking probably fairly true. You can make some good guesses based on the direction you think things are heading and stuff; but unless you have knowledge or insight that typical investors don't, you're not going to get anything special. Alternatively if you are willing to do your own business, you might be able to leverage opportunities that require more effort than the average investor is putting in, and thus see higher returns.
@@samfrostinjapan most people aren’t savvy enough or have the time to dedicate to research, but supposing they are savvy, have the time to research, and understand the information, they probably could beat the market much of the time. However, that’s an incredibly small amount of people
@@justinelliott3529 I agree. It's especially true when you consider that there are techniques and software that professionals are going to have that beat out any average joe's decisions. An average person might still be able to win with local/personal knowledge though. For instance if someone near you is making a startup with a promising business model, you may be able to judge rather it will be successful better than a stranger on an open market as you might know the individuals involved and their capabilities. Alternatively, mixing some labor into capital investments (doing business) can bring higher results than just work or just investments.
Tom started with 0 debt, the possibility to save consistently 1k$/month, zero financial obstacles during his lifetime like his parents being severely ill, having a child, a need to buy a car, repairing a house, etc. He also lived his best time in life, basically like a beggar and did not enjoy the time at all. Now in his 40', he can afford a slightly bigger house in comparison to what he could buy when his father told him to do so because their price appreciated much faster than his returns from the stock market. He will also quickly realize that his financial independence ends with a visit to a doctor. It does not look like a plausible scenario or a life that anybody would enjoy.
50/30/20. Not everyday has to be a party. Live within your means and do everything in moderation. Save what you can and be consistent. A greedy man is a poor man.
"He also lived his best time in life, basically like a beggar and did not enjoy the time at all" 12:23 at age ~25-29 he meets someone Literally all you need, maybe you havent noticed it yet, but once your friends start getting married and have families, all they will ever do is family related things (aka not eating out with single friends like they did in their early 20s every weekend) "Now in his 40', he can afford a slightly bigger house in comparison to what he could buy when his father told him to do so because their price appreciated much faster than his returns from the stock market" 18:15 he buys a house when its reasonable, his daughter is 2, the kid does not care about the size of the house, she'll start caring when shes like ~8-10. Comparing the returns from a single home to the stock market is grossly generalizing what the stock market represents. If the home burns down thats -100% gone forever, if the stock market crashes, JUST hold, dont sell. And thats exactly what he did 16:47 - 17:30 actually he bought some more when they were dirt cheap. "Tom started with 0 debt, the possibility to save consistently 1k$/month, zero financial obstacles during his lifetime like his parents being severely ill, having a child, a need to buy a car, repairing a house, etc" Ya its called making sacrifices so that your child can live a better life than you. His parents did that for him, and he did it AGAIN for his kids. Youve literally answered this statement with your next statement "He also lived his best time in life, basically like a beggar and did not enjoy the time at all" "It does not look like a plausible scenario or a life that anybody would enjoy" This is the reality people need to wake up to, theyve been born into a crap situation, theres next to no possibly of restarting, and so by their selfish state of mind, they live life like theres no tomorrow, then everyone around them has kids, so they too have kids, and their kid basically starts where they started. "He will also quickly realize that his financial independence ends with a visit to a doctor" I dont think you understand the power of compounding interest. You cant beat it, why? Because it takes TIME, time IS the exponential unit. 10 years from ages 20-30 does NOT equal 10 years ages 50-60. This is true both in health, but more so in finances. Because the investor who started ages 20 30, allows the interest to COMPOUND all the way to age 60 (retirement) or even beyond depending on account types.
Tom went from 0-20000$ by saving 1000$ from his every paycheck during 2 years. Which means, Tom invested 24000$ in 2 years and lost 4000 which brought him to 20K. :D
Tom's initial journey was all about disciplined saving. He saved $24,000 over two years, but after losing $4,000 on unprofitable investments, he ended up with $20,000. It shows that setbacks are part of the process, but consistent saving and learning from mistakes are key to long-term success. 😊
Some good stuff here but Tom's real secret was having a good start in life and saving every penny he could and making safe investments for 20 years. Imagine going 20 years through life without any financial hardship (not including market downturns). and saving $1k monthly off a normal salary. Comical at best.
Market downturns assuming you aren't really close to retiring and also can't hold off on withdrawing money until it comes back are good things. Let's say the market goes down for a full year. That entire year you can buy stocks on sale and you lose no value on the stocks you already have.
@@j.asmrgaming1228 Exactly. Market crashes are awesome when you're early into your career. Of course, unless you lose your job. But if you're a useful person in general you shouldn't worry about keeping a job.
@@viharsarok Mutual funds/index funds, on average since their conception they have rebounded and maintained around a 10% (not including inflation) annual yield. I agree that not all stocks are going to rebound, that's why I try and make sure that when one group falls the other performs better where possible.
This is easier said than done. In your 20's and even early 30's it would be hard to be so focused on savings when more than likely big life events will happen, married, kids, home expenses, etc. Most people won't really be able to get into this frame of mind of consistently saving money month to month until there mid 30's or early 40's.
Retiring at 43 with only 1M in the bank account is really risky choice. Everybody watching this video thinking about going down the same route should really think hard if this is something that will suit you.
Great Video Only critique i have is that beating the S&P 500 over a long period by 4 % is something thats pretty unrealistic even if you spend a lot of time on investing
@@j.asmrgaming1228beating S&P 500 by 4% means that you'd have to average 15% over 20 years of investing. Either you get very lucky with one random stock bringing your average up, or you're not beating S&P 500 over such long period (most probable)
Great Video, Success is dependent on the actions 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 will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.
I agree with you. I had a senior colleague at work who was living well but never had an Investment, unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income.
Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk , profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
With the help of Angelina Morris who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with her expertise and guidance,she has helped me make huge profit on my Investment portfolio.
Oh its great to see someone who also benefit's from the services of Angelina Morris indeed it's a small world. She is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 123,795 usd from my initial amount of 5100 usd with her managing my portfolio.
Pretty bold assumption saying that even an informed investor like Tom can consistently beat the S&P return over long horizons. Evidence shows that is not the case even for what were deemed the best hedge funds.
@@mackinator thanks for the clarification. My criticism still applies if you replace hedge fund with any other investment firm. There are very few firms that outperformed the market on the horizon of 15+ years via stock picking. To promote the idea here the average investor can do it is misleading.
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
@@WalterDorcas Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
@@unknowndriver6652 It's in equities so it fluctuates. I don't think it's enough for early retirement unless I retire in the Philippines or some other country with low cost of living. But I don't think I'll ever retire. If I'm not working, I'm not being useful to society as a whole. Maybe I'll do part time work, maybe I'll work on open source projects, or maybe I'll do volunteer work. I don't know yet, I'll make up my mind when I accumulate more wealth.
One problem I see with this story when comparing to contemporary market and life is that if I understood correctly, Tom hit his first $100 000 just before 2009 market crash, got the great discounts, went into the following decade of easy money, bought the house when housing was affordable (especially right after the crash) and was overall just born into the best possible time to capitalize on the markets. When you consider us younger people, we are facing ever more uncertain future both in market risks and availability of easy money and growth. Gone are the days of globalisation and 0 interest. Gone are the days of affordable housing and living. Students that graduate nowadays just are thrown into student debt hell while having to compete in evermore harsh job market.
That was a lot of excuses. Why do I get the feeling you're not making the most of the decisions you can control, like your income and savings rate? Markets are always uncertain. Student loans are voluntary. How do you know what days lie ahead with respect to housing and interest rates? Wanna bet a beer that 0% will never be back? Ever consider that *somebody* is affording the housing or the prices wouldn't be there? Ignore the whining of your generation and where it leads them. YOU buckle down and MAKE IT HAPPEN.
What you are stating is pretty much just hindsight bias. In hindsight, the past seems so easy and the present and future so difficult and complex and uncertain. Living through the past was every bit as uncertain and complex as today. You don't think the world felt uncertain during the financial crisis?
I paused Video at 2:50 To mention with goosebumps "The richest man in Babylon" changed my families life. Went from a renter to a home owner, to other assets in few years. READ THAT BOOK. Also anyone that doubts 1 million not enough to retire not understand that at average 7% (market S &P 500) it would be 70k a yr. An assistant living care in Florida is 3,500-5,500 a yr lol.
too many people think it's living off 1mil in a bank and just slowly whittling it down, they don't think to not touch it sitting in dividend stocks and live of the returns. at 50k a year in expenses 1 million won't last you a long time, but at 50k in expenses 70k covers all your costs and lets you splurge from time to time (or keep reinvesting :) )
I'm at the point of considering buying a home. How do you feel about your purchase years later? I'm nervous about this being a bubble but rent prices are getting nutty.
@@aftertheintro buying place over renting is best decision I ever made. I literally moved 2 blocks down for 500 cheaper a month and it mine:). 20% down.
You just need to be smart, persistent, hard working, humble, keep your eyes on the target. Meaning whoever doesn't make it to become a millionaire is: stupid, lazy, show-off, distracted. What you really need to be is LUCKY.
I think for most young people it’s worth getting to 100k as quickly as possible. Then you’ll see a massive difference. And if you’re really motivated, get 100k in the market and 100k in real estate, then your wealth starts to really pick up. It took me 7 years and I’m a a screw up lol
25 and working a finance job chipping away each pay check and bonus for the past 3 years after college. Also saved summer job money and internship Monday. Recently passed the $100k mark in my 401k & personal brokerage account combined. Might not have a Lamborghini but proud of my efforts.
I'm 20 and I've set myself the goal to retire before 45 with at least 1 million dollars in assets. I'm currently studying software development on my own and I hope to get a job as a front-end developer by the next year while I'm working as a freelance digital marketing agent and also as a graphic designer in a vinyl print business. I have two years of experience of analyzing the markets both stocks and crypto and somewhat managed to be profitable in the process and really learnt how to manage emotions through losses and mistakes. I don't know if anyone reading this will care about what I'm writing but I certainly do, I'm confident that one day I will be able to say I retired as a millionare and broke the pooverty cycle of future generations in my family, hope that in 30 years I can come back to this comment and feel accomplished. Blessings to anyone reading this I hope you too reach your goals in life.
I hope that in 20 years one million still will be enough. Already now a million isnt as much anymore. And if the inflation grows that fast you need 4 million by age of 40. I wish you all the best, as i am on my own from a poor family that tries to crush the cycle and am almost done. close to the target but with crypto, as i never had someone that told me about stocks in my 20s.. thats the loss of coming from a poor family.. no financial education.. thats the worst.
why do so many people think 1m is enough to live 50+ years of life with? you should at least plan on making it to 90. Hell the cost of raising a kid on average is about 250k, so assuming you have the normal family of 2 kids, and assuming your partner also saved 1m, you are both out 250k, 1/4TH OF YOUR ENTIRE WORTH.
This is an inspirational vid... speaking from someone who's down 60% in the last couple of months! Didnt start investing til i was 38... hope i can hit the 8 figure club in this lifetime.
You can do it. Sometimes a bad start is where we grow the most. I invested for the first time right before the 2020 crash. I lost 60k and panic sold. I learned to just hold and appreciate the dips though accumulating. My goals is to accumulate and stake crypto, and hopefully one day I will have millions.
@@d_all_in not just staking. Diversifying, dollar cost averaging, having dry powder ready, and avoiding fomo is essential.You have to be prepared not surprised.
An engineer is not an average guy. He has a very good salary which is the basis to everything here, and not too many burnouts or breakdowns in between. Both huge differences to me and my past. Although I had it all before me.
well there you go. Someone below has something for you! on a serious note, I'm having to handle all of this, late in life as well. it can be done. And theres certainly no better option out there. You'll do fine.
My roommate who graduated in 2019 bought meme coins two years ago during pandemic and retired with 3 million gain, opened a therapy store, diversified his money into real estate, bitcoin mining, blue chip stocks. Before that he gambled at the casino and makes average $2k per weekend. He is a data scientist who knows his probability class. Not all gamblers are stupid. Just don’t expect yourself to be the intelligent one
Great video . I knew of a guy who was a cleaner for Holden car company Australia for 30 years . He owned several property's. He managed himself . One time he had an open inspection for a rental house he owned . The manager of holden(his boss) came looking for a rental , he said don't I know you and the cleaner said I have been cleaning Holden's for 30 years. The boss was shocked as he was more successful then him as he made the right decision through his life .
Paused the video at minute 8 to see the comments because I had my doubts seeing 10k- 100k in 4 years :D Now I am glad. I´ve prevented myself from wasting another 15 minutes on this farce. Nice edit. Good quality ( editing ).
After I got a good paying job in 2020, I went from 20K to 400K+ NW in less than 4 years by saving aggressively and investing. Not typical, but it can be done. I also had already been learning about investing for many years, had paid off all debt, and had good financial habits from making mistakes when I was younger.
Dont fight the trend , as well as other variations such as "never catch a falling knife" are classic adages. the basic things that traders should avoid attempting to predict trend reversals , or even worse, i believe there is more to this market than most currently understand .
i always enjoyed trading with Mr Andrew Jamie because of his simple step by step process, excellent communication and response times. the service was extremely streamlined and friendly throughout .i would recommend him to anyone also, give him a try.
The advice given in this video is good. I do hope that people notice how extremely disciplined Tom is. THAT is the real extaordinary thing about this video. Because most people, yeah...you and me too, are mostly aware of the emotions involved when making these financial decisions! A good friend tries to persuade you for WalMeta? Greed and FOMO kick in! You lose a lot of money in your portfolio during a crash? You want to switch strategies and most likely will sell at the bottom. If you do not address these emotions properly, you will not make it like Tom did. How am I fairing? I lost a LOT because of lack of discipline. "Just do it" doesn't work. You need to train, prepare, address yourself. Every single day again. Because you are doing the opposite of what your emotions tell you to do. Which is HARD!
Starting early is simple. The best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year’s experience, I was able to build a suitable life because I invested early ahead this time.
I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
This has been probably one of the most effective styles of video for me to learn personally. I really enjoyed the mix of cartoonish illustrations mixed with concepts from specific books and quotes by successful people. Loved it!
“ when you see someone who is driving around in a Lamborghini, realize that you’re also witnessing someone who is a Lamborghini poorer”, just inspiring
Oh man, I don't know if is karma or not but I have the same Story as Tom! I worked at a well known Auto Company then I quit because another Car Company gave me a better salary.I have even a daughter wich is 2 years old and I am on Stage 1.Keep doing that kinds of videos.It gave me strenght to go further.Sorry for my English I'm from Germany.
0:00: 💰 Tom goes from $0 to $20,000 through stock market investing and following the advice of 'paying himself first'. 3:47: 💰 Tom learns the importance of saving and investing in the stock market to grow his wealth. 8:08: 📚 Tom continues to invest in the stock market and focuses on understanding and analyzing companies before investing. 11:43: 💰 Tom's journey from $100,000 to $1,000,000 and the impact of his friend's success. 15:56: 💼 Tom's journey as an investor and his determination to succeed. 19:55: ! Tom achieves financial freedom through stock market investments and pursues his passions. Recap by Tammy AI
Nice example - very inspirational. I think there should still be a bit more safetly margin included. Looking at the table, there were high rewards on the stock market towards the end of the career. It could happen that the market crashes again by 40% the year after. This risk has to be considered. Its called the "squence of return risk"
Happy that you back!! I really missed your videos! Im 37 but as a latebloomer just get to the point to scrape the first 200k sek... As in the video my wife pushing me to get a nice house but im not giving in and will keep at it investing! Maybe I get there by my mid 50's! :))
im 28 have 0 savings invested in crypto 350$ and lost and feel like i should have started long ago .. the thing is i know what are the steps are for wealth but my problem is how do i know in which stocks i invest in ? if you have a tip would highly appreciate it ! thanks for reading in advance
1k savings per month, which is 10% of his salary at 23-25? Tom was already chilling 😂 but good video nonetheless, message still gets across although Tom's life isn't normal at all
The first 100,000 is a bitch. Do whatever you have to do to get it. Even if you have to live off of less than 9,000 dollars a month for 1 year. Smh. Also - anyone doing whatever job Tom is chilling in that pays 10k+ a month for over 40 years is doing plenty of boar hunting if they want to. lmao.
The video never stated 1k was 10% of his salary. The book tom read said that. Tom put 1k of his paycheck towards savings, no one knows what percent of his paycheck that 1k amounts to.
@@manasdesai2804 You're somehow missing the point while literally stating it. Basically what you're suggesting is that their example - which they based all of their numbers off of - doesn't match the advice given. No shit my guy, that's what's being roasted here. In other words - the idea that saving and investing 10% of your salary will make you stop being poor eventually - is bullshit - because if you are poor, 10% is never going to be 1k. Saving 10% (the advice given - which is garbage advice) would only amount to 1k for people making 10k - and if you make 10k a month, you should save a ton more than 10% if you have any financial sense at all. I save and invest 2/3 of my income - which is only possible because I make enough and am frugal enough to live on 1/3 of my total income. Living on 1/3 of your income gets progressively more difficult the less money you make or the more other mitigating factors you have - all of which usually correlate with poverty. Being the victim of crime, getting injured at work, etc.
@@Sanguine_Entertainment Complementing, with an 10$ per hour work and 176h monthly work hours, Tom would receive 1760 dollars each month, which would mean a 23 years old person spending only 760 dollars to live - something that is far from easy if you not live with yours parents and/or has a debt from studying.
@@Sanguine_Entertainment The point is this: spend less (don't waste money on things you don't need) and save as much as you can. Then invest it to grow it. Don't get hung up on the absolute numbers or the percentages in one example.
For my private stock portfolio & revealing insights into my investment strategy, head over to: www.patreon.com/TheSwedishInvestor
god what a terrible video lol
why does investing gurus always have to try and sell people shit? dont you make enough with your investments or are you just selling snake oil?
I strongly agree with the accurate analysis in this video. If faced with significant risks, what would you do to protect your investment portfolio?
Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect my funds and make profit from my portfolio this red season. I’ve made over $250k since then.
This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with 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, Teresa L Athas 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.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!
So Tom, a mechanical engineer studied some books and consistently beat the market by a few percent (4%) each year. While most professional fund managers aren't able to beat the market long-term. I feel suggesting everyone to read a few books and do stock picking will turn many folks who listen into Stevens.
I agree, but the average investor does have a huge edge, that is the size of their portfolio is small and they aren't forced to diversify like large fund managers.
Well, everything on the internet is 100% true!
@@systemloading45 thats also risk that it isnt diversified
Yes this is dumb advice based on survivorship bias. Most people who try to pick stocks underperform the market.
@@WinS392 Most of the advice in this video is solid. It is just way over optimistic.
Was a reasonable video up to the "beating the market by 4%" part, which is absolutely ridiculous
Yeah.
Beating the market by 4% is easy. Doing it month after month, year after year isn't possible without luck or fraud (not necessarily you defrauding people, possibly the firms you invested in doing so)
how is it ridiculous? lol its quite easy
I stopped watching once they said paper trading was a bad idea then even had the audacity to say wall street bets is a place for tips
I beat the market by 10 percent DAILY on a decent day, how you may ask? 50x leverage and a lot of prayers
So Tom studied the markets in his spare time, and started beating the market by 4% a year every year... then he studied aerodynamics, grew wings and flew away. Started giving air taxi rides on his back for extra $100k a year.
Lol is that what happened?
Aye, as if beating the market is an exact science
When you start researching many fields in your spare time methodically on the Internet you realize "experts" don't know shit. They follow the money, that's all there is to it. By having no superior funding your research you can actually dive in the deep end and make sense of it all much better than experts with agenda can even extrapolate if they tried through their vouched official sources and previously manipulated data from a previous money agenda.
It's also getting outdated to listen to warren's advice saying you need 100k before easing off. This is for a tradfi environment but in crypto the small money investors stand a much better chance to outperform on big money with cunning, wits, research and measured risks. In tradfi a big return year would be 10-100% roi. In crypto you could easily aim for 50-1000%. that means you only need $10000 before easing off. As long as you train yourself well with little money that you can't afford to lose, it will become a lot easier to scale it with a smaller income and/or less time.
then one day he made a comment on youtube and found steven in a public reply.
ye ok bri. you're gonna beat the world's experts and hedge funds from ur dusty basement. bruh@@metasamsara
This video breaks my heart in a way. My sister worked her way to the top in her career, literally her ass off. Dollar cost averaged her cash since she was 20; got to her $1,000,000 mark at 37 and got into a car wreck and passed away. She never got to enjoy it. I hope my brother in law uses it wisely and appreciates the hustle, grind and discipline that it took. She taught me a lot!
Oh man. What a heart breaking story 💔 rip to your sis. We must work hard to achieve our goals but also keep in our minds that health is wealth. Everything else comes after health
and to think, if she had a good life insurance policy she could have left behind another million or 2
@@martynBVT bruh
@@jakemacfitness2849 I mean it’s true, but insensitive but imagine if she wasn’t as successful as she was and left behind a family, freak accidents like these happen. Life insurance is important if you have people that would struggle without you
And this is the reward you get for your hard work in the end - a coffin, and nothing more. This life is a fucking joke.
These jobs never get you anywhere in the big picture.
All these stories always begin at the age of 20something and with a job that pays insanely good salary. They are inspirational, I agree, but I would also like to see how a 30 or 40 year old could manage with a lower salary :) obviously not as great, but it would bring some realism to these videos.
I baulked at the "save $1000 dollar a month from paycheck" part. Yeah that's not very realistic for our generation.
@@olivedollop7363 true. I could do that now that I'm 36 but definately not when I was 25 🤣 at that age I could have saved maybe 300 but I was young and wanted to do things. Serious investing started to interest me around the age of 30.
@@Proximax9 I don't mean to be contrary... But I am 22 and I can easily save 1,500 per month and I am not even high school educated. My circumstances are extraordinary, but if I had been satisfied with the ordinary when I was 18, I would not have built the business that allows me to be who I am today. I only say this for the 18 year olds out there that are being told they can't do it. If you want something badly enough, you will be shocked by what is possible.
@@peterstuber7456 Im happy you have accomplished something like this :) my own personal experience was quite different. No one talked to me about investing when I was in my 20s, but I did get into investing when I turned 30. My first idea of course was to get a monthly savings style investing schedule with a company that specializes in such things, but it turned out to be a huge scam. All they did was take 90% of the money I was supposed to get in "fees" and other payments. So I started investing on my own. Naturally with no one to guide me I had to learn everything by myself. Now Im 36 and finally doing ok with my portfolio, it's just that I feel like Im 10 years too late.
44 years old here and I just installed etoro on my phone, still I have no idea with the hard earned and saved 1000U$. Any pointers and suggestions are highly welcome plz 🤗🙏
I just have to applaud your content man, well done. Long term investors know that the market and economy will recover eventually, and investors should be positioned for such a rebound. I gained $180k from bitcoin in 2021 before the market crash and now I'm buying again, adding more at a time. Having a good financial advisor like Veronica Hoy, it will add to your success in the crypto market.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Veronica Hoy strategy has normalised winning trades for me also and it's a huge milestone for me looking back to how it all started
Really you people know Veronica Hoy? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
This video assumes:
-born in America
-had the opornities to get this very high paying job
-good at his job
-likes his job enough
-stable realtionship
-no random medical emergencies
-beats the stock market like anyone can't
Yeah. It’s super unrealistic. We should all just accept our circumstances and be poor for the rest of our lives. Anybody who makes it obviously just got lucky. Honestly fuck success, let’s just all cry about being poor and unsuccessful
@@Anonkontello You totally missed my point. Even tho its feasable for some people, you woulsnt like to be in some persons shoes.
The video does assume a lot of favorable conditions that aren't accessible to everyone. Factors like location, job opportunities, job satisfaction, stable relationships, health, and consistent market success aren't guaranteed for all. It’s crucial to consider these variables when applying such financial advice, and more inclusive stories would better reflect the diverse challenges people face.
@@johntu7484 Thanks ChatGpt
@@johntu7484 I think favorable is really, really stretching it. It assumes *not worse than average* conditions *for people in developed countries*. A normal average person living in the US or western Europe should be able to do the same thing. The only thing that is easy to criticize is the investment returns being very stable and above average, which dependent on your perspective requres unusual luck or unusual skill.
So Tom is 43 today and became a learning machine at the age of 23 by listening to his favourite podcasts and youtubers.
Man was really ahead of his time back in 2002 then
xD
Yeah he was on Reddit years before it existed
He was the only person on etoro and Robinhood back in 2005. No wonder he did well. :D
shut up
If this is a made up story inspired by someone with a updated environment to fit the times it could be a real story. Maybe it could be a story of someone watching this video. :)
*Its never too late to start from somewhere , I am lucky to have found this source, it’s the future*
Where a you at now.
Also curious
Finally, I understand what 'paying yourself first' really means. It means the opposite of paying somebody else (new car, expensive vacation, new Apple phone). You also need to carefully plan how much are you going to pay yourself. Then, you would treat yourself as a business, just like Ford, property owners, and Apple Inc. Basically, trying to manage your money and learn to manage your money. In general: BUY ASSETS! Try to find assets that will not fail in 3-5 years and are also on sale (at a discount).
Or call it "PAY TO YOUR FUND FIRST" before making frivolous purchases (optional spending). Or at least match each luxury purchase with investing in your fund. And if you can't afford to make a luxury purchase and simultaneously make a matching investment, then skip the purchase until you can make a matching investment to your purchase!
Example: If I want to buy a game (discretionary spending) for my Playstation, then I need to put the same amount into my personal assets. Or buying the latest biggest TV- then put the same amount into your assets (actually, first put it into the assets, then pay for TV).
Thank you, Swedish Investor your visual presentation clicked with me!
It shouldn't be called "paying yourself" - it should be called "paying your future self."
If you like that idea, you will love the book which that idea comes from: the richest man in Babylon.
@@factorfitness3713 Or "Pay to your fund first" before making frivolous purchases. Or at least match each luxury purchase with investing in your fund. And if you can't afford to make a luxury purchase and simultaneously make a matching investment, then skip the purchase until you can do both! :)
yeah, paying yourself 43 year old. present you pay to future you
"Paying yourself first" means prioritizing your savings and investments before spending on non-essentials. It's about allocating a portion of your income to build your future wealth. Treating yourself like a business involves strategic financial planning, disciplined saving, and smart investing, ensuring your money works for you over time. This approach fosters financial independence and long-term security.
Excellent! Im 23 years old and i already started the journey of Tom 6 months ago
20:00 is where this goes from a parable to a fantasy “Tom was able to beat the market by 4% each year by picking stocks”.
It's not that unbelievable. Tom was researching a lot about investing and knew how to look for companies which were undervalued, or which were growing faster than the general market. Heck, just look at Berkshire Hathaway, which could lose 99.3% of its value and *still* have outperformed the S&P 500 index since 1965.
It's true that not a huge amount of investors outperform the market, but the point is to educate yourself well enough that you can become one of the investors who do.
Ikr, if you have a strong finance background you will know that it’s a fantasy even from the beginning when he said Tom followed Warren and picked only stocks like FANG. If the guy who made a video studied Finance as a major he would have known that Warren and his mentor (Benjamin Graham) invested active/passive with a portfolio of at least 30 stocks back in the day, now you may even consider spx 500 ETF as a passive investing way. And we, the finance people use quantitative ways to picks the stock, not like just shopping it like grocery bruh. And the guy talked about beating the market lmao. May be if Tom was lucky and bought the stocks during crisis like Coivd19 which happen once in a life time. I can’t even bear watching the whole video, then I saw your comment. Like minded!
@@Encryptsan if you think valuation of companies is what defines the market then you are in some sad realization mate.
@@nagyd123 it is valuation that defines the market. The question is whether the valuations are over-valued or under-valued.
yeh this isnt really something "anyone can do"
This video is more inspirational than actual “inspirational” videos for me. Such a simple message, preaching something nearly anybody is able to do to achieve extraordinary results.
I retired at 29. (Last year) I explain how on my page
Super true! One of may favorite swedish investor videos!
Ahh yes anybody can just put aside $1000 a month. Anybody with a trust fund.
I want to start making investments because I need a passive income and a steady income flow. I have 50k to start up, what steps do you think I should take? Can someone share me some good advice?
@@paul.l6310 I will advise you get a *manager* who will help you with the intelligent plans and ideas to achieve good returns.
I work with a manger of a wealth management whose experience has been superb for me. You should give this is a try, her works has made great returns for many
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k,but guess what? I put it all back and traded again and now I am rounding up close to a million
50% of all coin flippers wins their first toss, noone of them has an expectation of profit if he continues to play that game
Currently on my way to 20k. I have a few thousand in stocks and that was put in as the market has been dipping during this year. Constantly lowering my average price. I hope to reach 20k within 2 years and continue to invest in high value companies!
@@isaacpimentel9747 yep, still holding. I have a target price to sell at for each of the companies I’m watching. Past few months have given some great buying chances. Hope the market stays down honestly because I’m just gonna average my share price down as much as possible.
@@S0L12D3 If you have 100 shares of a company, look into selling covered calls. It helps with lowering your dollar cost averaging when done correctly.
@@S0L12D3 Hi, here to learn. Can you share how to calculate the target price or each? Any methods we can use to achieve it? Thanks!
@@pokemon17007 I use the s and p 500 but there are other methods that can be far more accurate. Also, simply evaluating the tendency of whatever stock you pick can show a lot about its worth. My best advice is to respect the companies you invest in. Come to understand their business and see if it has a future of success. For the math you’ll have to find other sources, but use your own intuition as well after studying the company and coming to an educated guess. Because I really numbers can lie
Keep buying bro, trust me this is the best time to buy, even if you save the money, hold for a few months until it bottoms out then buy more. That’s what I’m doing. It will rally up again. Don’t try and time the market, it’s not worth it. If you have any spare cash try and also buy a rental property, it will help.
Андрей стал миллионером из-за этого видео🤯
Какой Андрей?
@@Zhenya1499он про Винди31
ахахахаха рил, тоже из его аккаунта перешла
You’re the man! I went from $1 to 2k. My goal is 5 by end of this year. 🙏🏽
Comments like this are the best. Small realistic growth
Congrats man! Rooting for you!
I just started 2 months ago and I went from $6k to $5k LMAOOOO, I'll dump more money into this recession though, its a discount right now. It will go up, trust!
@Manav Dodia We'll be looking back at this in a few years and thinking we did it!
5 min of your time to point me in the right direction for myself???
I feel like the 10% average return and tom "beating the market" was unrealistic even for this fictional scenario, but the rest of the points were fantastic. Very encouraging
That’s very true I mean the normal return is 7 percent but it’s not too far off.
since it's inception till now the average annual yield is 10.5% for the S&P 500
so this is a fictional story?
@@jimfastenau4984 lmao yes it’s not real
@@grizzy4769 to give you some perspective.
Over 50 years: 10% returns verse 7% returns compounds into more than 400% greater.
If you made $1,000,000 from 7% returns over your working life… you would have $4.1 million if you had 10% returns.
I like how your story includes finding a partner with similar goals. Very important!
yeah he forgot about the divorce chapter and how Tom lost half of his portfolio lol
@@bonafide_ok Yes lol, which happens 50% of the time
@@kirapoodle 70% if you're living in the US
lmao, ikr. I was honestly rooting for his friend even though he didn't have plot armor
Mr Swedish Investor, you're simply giving so much value lessons for free..I really am so grateful to you...and I'm really happy and excited for the fact that a great lot of learning and teachings for financial freedom is compacted in this video and the practical use of gathered knowledge to reach the financial independence despite being an average earner and which proves to be so legitimate...
while I agree with the core messaging of frugality, this video sets unreasonable expectations
it is optimistic to a fault and operates on frankly ridiculous assumptions
such as saving 1000$ a month while having to pay rent on an entry level position
or having no student debt
or never having any emergency expenses for that matter
Or assuming that anyone, with enough research, can beat the sp500 consistently. Huge hedge funds usually fail to beat the sp500 consistently. Of course you can get lucky, but 99% of people are best off throwing all their investment money in an ETF such as VOO or VTI and never looking at it for at least 25 years.
Not necessarily. I'm 23 and make over 100k a year. I work long hours and have no college education it is completely doable just have to find the right starting career to get ahead.
Or consistently beating the market by stock picking...
I have no issues with this video. just take away the lessons from this and ignore the savings per month and age of those savings.
Invest in what you know.
Only take risks when you can afford them and expect nothing back from them
Save save save.
Create a csv/sheet on your savings/spendings
Dont spend your money when you notice you are starting to get a return. keep re investing it.
Some of you people NEED everything handed to you on a silver platter bro... Just take the positive lessons from the video and adjust the algorithm to consider your current financial situation. Done.
This video is incredible in plotting a really average investor's journey.
This video is great. Will drive a lot of retail investors into losing money on the stock market and drive up my ETFs.
How could tom be a normal guy if he finished mechanical engineering… he obviously is an intelligent guy…
Rich parents too.
Bruh…recent studies shows that literally anyone can do high intelligence jobs…It’s just a matter of actually using your brain. Students told me in the past “Angus you’re a smart guy , you just don’t use it”…which is true. I was a obnoxious teenager who was into drugs….But now I’m what people would say “oh man’s he’s a musical genius”
...getting 65 grands a year at his first job as a junior. - i know, all regular normal guys do so, sure thing
@@CosmicHarmony58its not just intelligence..its dedication and discipline. No one wants to sacrifice their social life to study for tests.
@@ChipChapChop Tom is Swedish. You don't need a lot of money in EU to go to university. Cost me 1.5-2K EUR/year here in spain for computer science engineering.
Did you ever thing of how #INFLATION# is affecting the world’s economy and all its marketing sector?
Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year..
Most amateur lose money because they are guided by emotions and hype. A good financial planner alleviates that. Everyone who thinks they can 'play' the market should realise that half of all profits made in the market are from dividend - not get rich quick deals. Very certain that this market will recover. the goal is to hopefully stay employed and to keep investing in the market which is exactly what I'm going to do. Find a way to get promoted while investing my money and staying as frugal as possible. My portfolio currently up to 20% from Q1 of 22. Buy the dip or wait...
@@rondajefferson1287 Great idea, exactly what I'm planning on doing now that the market is down, but I'm an amateur investor and I have no idea on stocks to buy or what assets that will yield highest potential. > you seem to be doing well yourself on this volatile market. Please how do you select stocks you invest in??.
@@necholaa9267 I don't do that myself I have my funds very diversified, tho I did it using copy trading system from the advisor "Charlie Laura".. you might have seen her doing some stocks analysis in the news sometime. Met h at a start up funding seminar and since then I've come to know the benefits of her copytrading strategies an aspect of algo trading methods. Her stocks pick are good...
The key to intelligent is diversification.. A diversified portfolio minimise risk while in for a long term. It allows a certain amount of high-return on investment by offsetting possible risk through more stable alternatives.
I walk the long relentless walk of dividend investing. I broke $100 this month. It took me a year and I started at .10 cents return after my first month. I know $100 isn’t much but too me, it was a huge landmark in my financial expedition
Keep it up! The first $100k is tough, but we all start somewhere.
Congratulations! That's a big deal. Keep it up and soon you'll double it and eventually triple it.
@@johnturnerjr7221 Thankyou, that’s my plan, one at a time.
I just bought my first dividend shares and it is so hard not to fall for the sucker yields
Congratulations
Currently working on stage 2 at age 23! I really feel privileged to have learned about investing at a young age. I constantly try to convince friends and family about investing, but they just don't seem to care enough. Everyone is always complaining about taxes and government and rich people. But they don't seem to want to play the game for themselves. I just don't understand people living there lives paycheck to paycheck and not ever trying to escape.
Same here bro. I feel u. If it was for me I'd put at least 10% of my savings (and my parents') in stocks.. Nvdia, MS, google.. they will play more and more a larger role in society. Everyone's fine spending 1800$ for an iphone. But putting that on stocks or ETF if you wanna play it safe no, its wasted money...
I'm just now getting into it but I feel overwhelmed! There is so may bots and scams, taking the first step is unnerving however, living check to check is chaotic. Could yall recommend some books to read for absolute beginners with no knowledge what so ever? Or even if it's not beginner friendly, what's your top 2 books? Thx in adv.
@@1hinita Honestly fuck all that, You really just have to watch a few videos on trading Option stocks and have a few grand in a begineer freindly app like Robinhood, All that studying is harmful if you never take the initative since their's a variety of strategys/philosphys on investing your never going to actually know how to do it the ''right'' way.
@1hinita the best 2 books to read on investing is the intelligent investor and morningstars 5 star strategies for success
With how long stock market has been around, would you still consider it a valid option 2023 onwards?
(I'm total newbie that thought little of the stock market)
This is one of the most well-written videos I’ve ever watched.
This is what I hoped UA-cam would evolve into. Amazing content.
LIBERTONCORP is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
I started investing at 25 and lost for 5 years strait. At 30 I had accumulated over 60k$ for a down payment but I changed my mind and decided to put only 5% down and invest the rest. At 31 I made all the money back and more. Now at 32 I have over 100k$ and I think I will pass 130k$ this year. I will be able to retire much earlier because of that move.
Yeah well see how you sing in a bearish decade
@@Metrowhite Bearish decade for what? Overpriced US tech stocks? I don't have any of those... You think metal prices will go down? lol
@@Iseenoobpeoples are we talking about copper or gold?
@@Metrowhite You didn't answer the question. You said I was gonna lose for 10 years... what were you talking about?
@@Metrowhite he thinks ath will keep reaching ath in metals :D ridiculous reading these stories on this channel as whole theory they present isn't about 30% yearly growth
While I totally agree on the general idea of saving and putting money in safe investments that compound over the years, the actual video had a few points that seemed a bit off. First, setting 1k aside per month in your 20s is not possible for the vast majority of people. When I was that age that was my whole monthly salary for quite some time. So unless you live with your parents who will feed you till your 30s I doubt this is feasable. The second thing was about him consistently beating the market. Since you quoted Buffet several times you should know that he also states that the vast majority of professional investors cannot beat the market over a large period of time. So no, the vast majority of regular people will not achieve this. For this reason when you state in the end that you could earn more than the guy who can make considerably more savings than the average person and beats the stock market it is quite false.
I mean im 19, spent my childhood doing drugs and smoking weed and I live in Montana, one of the lowest economies in the U.S. and I still have an extra 1000 every month. I feel like 1000 is a pretty tame number as long as you're making $13 an hour at least.
@@UFunny2 it's $1000 in savings. That means if you have rent, food and other expenses of $1500 a month then you need to earn $2500.
@xathrax why are you so negative in your response? Hopefully, you can remove your current obstacles that are preventing you from seeing this plan as possible. Possible for yourself!
@@Yerpyadig it's called being realistic
@@thomatofpv3546 yea I know, I make like 1700 a month depending on how much overtime, my rent and utilities levels out to about 750 give or take, plus with a few side hustles an extra 1000 isn't that hard to get a month and I don't even have to cut down my dispo trips lmao
You made the road look so simple and achievable. Also this video gives the message that the returns of stock market are not in your control but being disciplined, invested, control our urges, building good habits are in our control. So we should focus om that.
We are in a 100+ year stock market bubble that's about to collapse. Since the creation of the Federal Reserve, there has been continuous printing. At any point in time in this market, any company that continued to exist would eventually appreciate.
@@henryjubeda7617 lmao so for 100 years weve been in a "bubble" and the entire time people have been saying its gonna pop but instead its been growing bc thats what a successful business does and america is a successful business, and youre still saying its gonna pop after a healthy bear market correction lmaoo. If you educate yourself you could be quite wealthy in a shorter time frame than usual with the current market crash
@@pillsburydopeboy334clearly you're the one who needs education. What he's saying is that what goes up must come down. Sure we can see growth for maybe another century for all I know, but in a system where money is debt, and interest is being charged on that debt, eventually its gonna crash. It's an inevitability. But go on with your bear market analysis.
I was not as frugal as Tom, but I got there by 49. Thank you for a great video, my Swedish brother. 🇸🇪
Finally something more than just 5 takeaways from a book. i really love your effort man. Thanks a bunch for your hard work to educate us
Right, this is like 6 takeaways from books at least
The information presented here was garbage. There are so many better financial literacy resources out there. Do not rely on this video for advice and do more research.
*Getting a way to make income without having to leave home isn’t exactly as easy as you all think it is , talk is cheap and it’s sure easier said than done , I have my source , and I would rather stick to that, it pays well, even my stepdad quickly*
Bruh, im in the medical field and you can ask me anything medical and id break it down for you. Crypto, however, is a different monster on its own and ive been watching videos for the past year now to increase my knowledge. I love other youtubers like Coin Burea, Invest Answers and so on but i gotta say, you take the cake in explaining in laymans terms. You are much appreciated! Please continue to make these simplified videos for dummies in this space such as myself! and vcorpinvest.Com is always a good option for beginner and pro investors, i have made almost 200k ussd thanks to them
It is estimated that over 40,000 to 300,000 people have made a massive one million dollars in bitcoin pending on the type of broker involved for every investment to yield earning a professional broker should be involved. MrDavidVermette is a professional broker from VCORPINVEST.COM on GOOGLE who manages,handles and gives guidance on investments to get good profit,,he can make you millions
It is estimated that over 40,000 to 300,000 people have made a massive one million dollars in bitcoin pending on the type of broker involved for every investment to yield earning a professional broker should be involved. MrDavidVermette is a professional broker from VCORPINVEST.COM on GOOGLE who manages,handles and gives guidance on investments to get good profit,,he can make you millions
Love that you formatted this information into a story with a character! One of the most entertaining finance videos I’ve watched on UA-cam so far, thank you!
The amount of time creating a story, doing the animation, and doing the editing is quite impressive considering how sh*t the actual information presented is. Do more research, there is a ton of financial literacy resources out there.
I loved Tom's story, the only thing I'm missing here is working out, when I reach 30 I want to be in the best shape of my life, not only aesthetically but athletically as well. Sport is very important to keep health and mind at its best
Tom took walks, you lift weights - same time commitment I think
No one consistently beats the market over time
That’s what I feel like people really need to hear in this comment section
@@fritzhaller3840 exactly. They just need to heavily invest in index funds over time.
Generally speaking probably fairly true. You can make some good guesses based on the direction you think things are heading and stuff; but unless you have knowledge or insight that typical investors don't, you're not going to get anything special.
Alternatively if you are willing to do your own business, you might be able to leverage opportunities that require more effort than the average investor is putting in, and thus see higher returns.
@@samfrostinjapan most people aren’t savvy enough or have the time to dedicate to research, but supposing they are savvy, have the time to research, and understand the information, they probably could beat the market much of the time. However, that’s an incredibly small amount of people
@@justinelliott3529 I agree. It's especially true when you consider that there are techniques and software that professionals are going to have that beat out any average joe's decisions.
An average person might still be able to win with local/personal knowledge though.
For instance if someone near you is making a startup with a promising business model, you may be able to judge rather it will be successful better than a stranger on an open market as you might know the individuals involved and their capabilities.
Alternatively, mixing some labor into capital investments (doing business) can bring higher results than just work or just investments.
This is an awesome video that everyone should watch at 20. Well done sir.
Tom started with 0 debt, the possibility to save consistently 1k$/month, zero financial obstacles during his lifetime like his parents being severely ill, having a child, a need to buy a car, repairing a house, etc. He also lived his best time in life, basically like a beggar and did not enjoy the time at all. Now in his 40', he can afford a slightly bigger house in comparison to what he could buy when his father told him to do so because their price appreciated much faster than his returns from the stock market. He will also quickly realize that his financial independence ends with a visit to a doctor. It does not look like a plausible scenario or a life that anybody would enjoy.
50/30/20. Not everyday has to be a party. Live within your means and do everything in moderation. Save what you can and be consistent. A greedy man is a poor man.
"He also lived his best time in life, basically like a beggar and did not enjoy the time at all"
12:23 at age ~25-29 he meets someone
Literally all you need, maybe you havent noticed it yet, but once your friends start getting married and have families, all they will ever do is family related things (aka not eating out with single friends like they did in their early 20s every weekend)
"Now in his 40', he can afford a slightly bigger house in comparison to what he could buy when his father told him to do so because their price appreciated much faster than his returns from the stock market"
18:15 he buys a house when its reasonable, his daughter is 2, the kid does not care about the size of the house, she'll start caring when shes like ~8-10.
Comparing the returns from a single home to the stock market is grossly generalizing what the stock market represents.
If the home burns down thats -100% gone forever, if the stock market crashes, JUST hold, dont sell. And thats exactly what he did 16:47 - 17:30 actually he bought some more when they were dirt cheap.
"Tom started with 0 debt, the possibility to save consistently 1k$/month, zero financial obstacles during his lifetime like his parents being severely ill, having a child, a need to buy a car, repairing a house, etc"
Ya its called making sacrifices so that your child can live a better life than you. His parents did that for him, and he did it AGAIN for his kids. Youve literally answered this statement with your next statement "He also lived his best time in life, basically like a beggar and did not enjoy the time at all"
"It does not look like a plausible scenario or a life that anybody would enjoy"
This is the reality people need to wake up to, theyve been born into a crap situation, theres next to no possibly of restarting, and so by their selfish state of mind, they live life like theres no tomorrow, then everyone around them has kids, so they too have kids, and their kid basically starts where they started.
"He will also quickly realize that his financial independence ends with a visit to a doctor"
I dont think you understand the power of compounding interest. You cant beat it, why? Because it takes TIME, time IS the exponential unit.
10 years from ages 20-30 does NOT equal 10 years ages 50-60. This is true both in health, but more so in finances.
Because the investor who started ages 20 30, allows the interest to COMPOUND all the way to age 60 (retirement) or even beyond depending on account types.
Every few months, I rewatch this video again to get my motivation back
Tom went from 0-20000$ by saving 1000$ from his every paycheck during 2 years. Which means, Tom invested 24000$ in 2 years and lost 4000 which brought him to 20K. :D
wut!
at least he learned from his mistake and havent given up
Tom's initial journey was all about disciplined saving. He saved $24,000 over two years, but after losing $4,000 on unprofitable investments, he ended up with $20,000. It shows that setbacks are part of the process, but consistent saving and learning from mistakes are key to long-term success. 😊
Some good stuff here but Tom's real secret was having a good start in life and saving every penny he could and making safe investments for 20 years. Imagine going 20 years through life without any financial hardship (not including market downturns). and saving $1k monthly off a normal salary. Comical at best.
👏🤣 Funny and True
Market downturns assuming you aren't really close to retiring and also can't hold off on withdrawing money until it comes back are good things. Let's say the market goes down for a full year. That entire year you can buy stocks on sale and you lose no value on the stocks you already have.
@@j.asmrgaming1228 Exactly. Market crashes are awesome when you're early into your career. Of course, unless you lose your job. But if you're a useful person in general you shouldn't worry about keeping a job.
@@j.asmrgaming1228 That's assuming all stocks you're buying will rebound which is not true.
@@viharsarok Mutual funds/index funds, on average since their conception they have rebounded and maintained around a 10% (not including inflation) annual yield. I agree that not all stocks are going to rebound, that's why I try and make sure that when one group falls the other performs better where possible.
This is so great and brilliant I like how you made a relatable story and combined information from different books and resources 💪🏼
NICE NOW I NEED A BRAIN DAMAGED STOOPID INVESTORS GUIDE TO 1 MILLION PLZ
This is easier said than done. In your 20's and even early 30's it would be hard to be so focused on savings when more than likely big life events will happen, married, kids, home expenses, etc. Most people won't really be able to get into this frame of mind of consistently saving money month to month until there mid 30's or early 40's.
@@asdf-vo6kw this is such an underrated statement..
Good thing you don’t need to worry about “most” people
I am chemical engineer graduated in 2007, I reached 1 million when I was 34, but I still work on 3 different jobs
If you have the money, then why not work a bit less and not have to be so stressed?
@@CockatooDude enough, is never enough...
Some ppl got different goals. I would just like to have financial freedom
Tom is too old now to realize how hard it is to actually save a decent amount of money nowadays.
And your to poor to realize it’s not if you are willing to live bare bones to build up your savings
@@phantom8699 Having fun is also cool
Shut up and work toward a better job with more income.
you're going to be poor forever with your whiny attitude
@@phantom8699 really? you're pathetic if that's what you really believe in, but you do you
This sounds so simple but in practice is very difficult to overcome. The mental game is truly something that takes time to learn and endure.
I retired at 29.
@@drdavinsky Multimillionaire before 30's club
@@momofighter3211 fax
@@drdavinsky you picked Metaverse stock
The concept of video games accidentally educating people is always super cool, love to see part 2
4:24 What does this mean, mean?
Retiring at 43 with only 1M in the bank account is really risky choice. Everybody watching this video thinking about going down the same route should really think hard if this is something that will suit you.
Move to costa Rica
In america, sure, it might seem risky. Anywhere else, not at all. It's much safer, actually.
He's married, so I presume Sarah still has a steady paycheck whereas Tom can reduce their childcare expenses by retirement
Great Video
Only critique i have is that beating the S&P 500 over a long period by 4 % is something thats pretty unrealistic even if you spend a lot of time on investing
since it's inception the S&P has averaged 10.5%
@@j.asmrgaming1228beating S&P 500 by 4% means that you'd have to average 15% over 20 years of investing. Either you get very lucky with one random stock bringing your average up, or you're not beating S&P 500 over such long period (most probable)
Great Video, Success is dependent on the actions 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 will go broke. Investment is building a safe heaven for the future. With the right choice of Investment that has at least 1% minimum risk and with an expert guidance, profit and Intrest is 100% guaranteed.
I agree with you. I had a senior colleague at work who was living well but never had an Investment, unfortunately his work was terminated,so he went from living well to surviving with his family.If he had invested when he was still working, he would have had another source of income.
Investing is a prior decision to make for the future. If you are seeing this and don't have an investment, please do make plans to invest so you don't end up like my senior colleague at work.
This made so much sense, just like he said " for one to invest, the person have to consider an appropriate choice of Investment with at least one percent minimum risk , profits margin, a mentor and expertise to guide and help you manage your Investment portfolio.
With the help of Angelina Morris who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with her expertise and guidance,she has helped me make huge profit on my Investment portfolio.
Oh its great to see someone who also benefit's from the services of Angelina Morris indeed it's a small world. She is my portfolio manager and mentor too for 2 years and still counting and I have made profit of 123,795 usd from my initial amount of 5100 usd with her managing my portfolio.
Just surpassed 80k networth at my 23th birthay, hopefully this will make up the difference with his engeneer degree
Pretty bold assumption saying that even an informed investor like Tom can consistently beat the S&P return over long horizons. Evidence shows that is not the case even for what were deemed the best hedge funds.
Hedge funds aren't designed to beat the market. They are to hedge against losses. A hedge bet.
@@mackinator thanks for the clarification. My criticism still applies if you replace hedge fund with any other investment firm. There are very few firms that outperformed the market on the horizon of 15+ years via stock picking. To promote the idea here the average investor can do it is misleading.
Tom is anything but average in this scenario.
Андрюха оказывается миллионер)
Ты чё?
Тоже в зомби против растений смотрел?
@@__USA1789 а как? А зачем?
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
@@WalterDorcas Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.
What a wonderful video, a practical approach to financial freedom
This is eerily close to my life story. I mean I probably made more mistakes and I don't have a wife but the financial path is so similar.
You achieved a million?
You’re fresh out of college and broke?
@@se6586 no i am 43 i was just asking
@@unknowndriver6652 haha yeah I was asking @sugar roll too 😂😄
@@unknowndriver6652 It's in equities so it fluctuates. I don't think it's enough for early retirement unless I retire in the Philippines or some other country with low cost of living. But I don't think I'll ever retire. If I'm not working, I'm not being useful to society as a whole. Maybe I'll do part time work, maybe I'll work on open source projects, or maybe I'll do volunteer work. I don't know yet, I'll make up my mind when I accumulate more wealth.
One problem I see with this story when comparing to contemporary market and life is that if I understood correctly, Tom hit his first $100 000 just before 2009 market crash, got the great discounts, went into the following decade of easy money, bought the house when housing was affordable (especially right after the crash) and was overall just born into the best possible time to capitalize on the markets.
When you consider us younger people, we are facing ever more uncertain future both in market risks and availability of easy money and growth. Gone are the days of globalisation and 0 interest. Gone are the days of affordable housing and living. Students that graduate nowadays just are thrown into student debt hell while having to compete in evermore harsh job market.
Actually the job market in the US is extraordinarily good right now (As shown by the unemployment rate and the labor force participation for example)
That was a lot of excuses. Why do I get the feeling you're not making the most of the decisions you can control, like your income and savings rate?
Markets are always uncertain.
Student loans are voluntary.
How do you know what days lie ahead with respect to housing and interest rates? Wanna bet a beer that 0% will never be back? Ever consider that *somebody* is affording the housing or the prices wouldn't be there? Ignore the whining of your generation and where it leads them. YOU buckle down and MAKE IT HAPPEN.
Boo hoo. It goes up and down. All the opportunities are nor gone, you just need patience.
What you are stating is pretty much just hindsight bias. In hindsight, the past seems so easy and the present and future so difficult and complex and uncertain. Living through the past was every bit as uncertain and complex as today. You don't think the world felt uncertain during the financial crisis?
винди, это точно зомби против растений??
This channel is probably the only legit channel out there that offers financial advice, no like those supposed stock "gurus".
Man this was a crazy video, I will say it is the most underrated video, I have ever saw. Please do keep posting this kind of personal finance videos.
Кто тоже нашëл это в плейлисте винди?)))
Ага)
Какой винди, он здесь причём.
капец
Я
зачем он это держит у себя в растения против зомби
I paused Video at 2:50 To mention with goosebumps "The richest man in Babylon" changed my families life. Went from a renter to a home owner, to other assets in few years. READ THAT BOOK. Also anyone that doubts 1 million not enough to retire not understand that at average 7% (market S &P 500) it would be 70k a yr. An assistant living care in Florida is 3,500-5,500 a yr lol.
too many people think it's living off 1mil in a bank and just slowly whittling it down, they don't think to not touch it sitting in dividend stocks and live of the returns. at 50k a year in expenses 1 million won't last you a long time, but at 50k in expenses 70k covers all your costs and lets you splurge from time to time (or keep reinvesting :) )
I'm at the point of considering buying a home. How do you feel about your purchase years later? I'm nervous about this being a bubble but rent prices are getting nutty.
@@aftertheintro buying place over renting is best decision I ever made. I literally moved 2 blocks down for 500 cheaper a month and it mine:). 20% down.
@@allthenamesartaken Yep, :)
You just need to be smart, persistent, hard working, humble, keep your eyes on the target. Meaning whoever doesn't make it to become a millionaire is: stupid, lazy, show-off, distracted. What you really need to be is LUCKY.
Clearly the time and effort you put in this video is significant. Congratulations!
Too bad the actually information presented was a D- at best.
I think for most young people it’s worth getting to 100k as quickly as possible. Then you’ll see a massive difference. And if you’re really motivated, get 100k in the market and 100k in real estate, then your wealth starts to really pick up. It took me 7 years and I’m a a screw up lol
"Applied so hard
And got so far
But in the end
I wasn't even hired"
- Linkedin Park
25 and working a finance job chipping away each pay check and bonus for the past 3 years after college. Also saved summer job money and internship Monday. Recently passed the $100k mark in my 401k & personal brokerage account combined. Might not have a Lamborghini but proud of my efforts.
This is the exact story of my financial life. About to hit 29 and right on the timing.
I'm 20 and I've set myself the goal to retire before 45 with at least 1 million dollars in assets. I'm currently studying software development on my own and I hope to get a job as a front-end developer by the next year while I'm working as a freelance digital marketing agent and also as a graphic designer in a vinyl print business. I have two years of experience of analyzing the markets both stocks and crypto and somewhat managed to be profitable in the process and really learnt how to manage emotions through losses and mistakes. I don't know if anyone reading this will care about what I'm writing but I certainly do, I'm confident that one day I will be able to say I retired as a millionare and broke the pooverty cycle of future generations in my family, hope that in 30 years I can come back to this comment and feel accomplished. Blessings to anyone reading this I hope you too reach your goals in life.
@Alexis Arango wish u the best on you’re FIRE journey
Excellent attitude and best of luck. I do software development, reach out if you ever get stuck while learning or for tips when applying.
GL my man!
I hope that in 20 years one million still will be enough. Already now a million isnt as much anymore. And if the inflation grows that fast you need 4 million by age of 40.
I wish you all the best, as i am on my own from a poor family that tries to crush the cycle and am almost done. close to the target but with crypto, as i never had someone that told me about stocks in my 20s.. thats the loss of coming from a poor family.. no financial education.. thats the worst.
why do so many people think 1m is enough to live 50+ years of life with? you should at least plan on making it to 90. Hell the cost of raising a kid on average is about 250k, so assuming you have the normal family of 2 kids, and assuming your partner also saved 1m, you are both out 250k, 1/4TH OF YOUR ENTIRE WORTH.
Ура новый уровень в Plants vs zombies спасибо Виндой
Аахахаххаахха
I learnt it the hard way - lost $65000 - then starting again. This video helped me a lot
This is an inspirational vid... speaking from someone who's down 60% in the last couple of months! Didnt start investing til i was 38... hope i can hit the 8 figure club in this lifetime.
You can do it. Sometimes a bad start is where we grow the most. I invested for the first time right before the 2020 crash. I lost 60k and panic sold. I learned to just hold and appreciate the dips though accumulating. My goals is to accumulate and stake crypto, and hopefully one day I will have millions.
@@jhoncena1111 thnks. Good luck to you. I wish i had been smart enough to take profits.
@@jhoncena1111 if the lesson you learned is to "stake crypto" idk if you learned anything at all
@@d_all_in not just staking. Diversifying, dollar cost averaging, having dry powder ready, and avoiding fomo is essential.You have to be prepared not surprised.
I’m from Detroit this was enlightening because I can relate to this story truly grateful to hear it 🙏🏽😂
An engineer is not an average guy. He has a very good salary which is the basis to everything here, and not too many burnouts or breakdowns in between. Both huge differences to me and my past. Although I had it all before me.
well there you go. Someone below has something for you! on a serious note, I'm having to handle all of this, late in life as well. it can be done. And theres certainly no better option out there. You'll do fine.
@@snickle1980 Thanks
I’m an engineer and the pay isn’t THAT great. I guess I just started my career though
My roommate who graduated in 2019 bought meme coins two years ago during pandemic and retired with 3 million gain, opened a therapy store, diversified his money into real estate, bitcoin mining, blue chip stocks. Before that he gambled at the casino and makes average $2k per weekend. He is a data scientist who knows his probability class. Not all gamblers are stupid. Just don’t expect yourself to be the intelligent one
I like how Tom spent 20 years in 2018
Great video . I knew of a guy who was a cleaner for Holden car company Australia for 30 years . He owned several property's. He managed himself . One time he had an open inspection for a rental house he owned . The manager of holden(his boss) came looking for a rental , he said don't I know you and the cleaner said I have been cleaning Holden's for 30 years. The boss was shocked as he was more successful then him as he made the right decision through his life .
Property has made many in Australia incredibly affluent, particularly working class who bought and held in good suburbs
Винди пора разобраться с плейлистами...
Ахахх, ага. Тоже через его плейлист зашла случайно
Ахахх, ага. Тоже через его плейлист зашла случайно (У меня вроде комментарий продублировался, извини если что)
Paused the video at minute 8 to see the comments because I had my doubts seeing 10k- 100k in 4 years :D Now I am glad. I´ve prevented myself from wasting another 15 minutes on this farce.
Nice edit. Good quality ( editing ).
After I got a good paying job in 2020, I went from 20K to 400K+ NW in less than 4 years by saving aggressively and investing. Not typical, but it can be done. I also had already been learning about investing for many years, had paid off all debt, and had good financial habits from making mistakes when I was younger.
Dont fight the trend , as well as other variations such as "never catch a falling knife" are classic adages. the basic things that traders should avoid attempting to predict trend reversals , or even worse, i believe there is more to this market than most currently understand .
Thanks for sharing this information. Actually I lost some funds while trying to trade by myself. wish i could find some way around it and make profits
what I think what you need is the right coach and trading account manager to skyrocket your profits daily .
@@maurenhanders437 who would you recommend ???
trading with Mr Andrew Jamie made more profits for me than other trading professionals I traded with in the past
i always enjoyed trading with Mr Andrew Jamie because of his simple step by step process, excellent communication and response times. the service was extremely streamlined and friendly throughout .i would recommend him to anyone also, give him a try.
The advice given in this video is good. I do hope that people notice how extremely disciplined Tom is. THAT is the real extaordinary thing about this video. Because most people, yeah...you and me too, are mostly aware of the emotions involved when making these financial decisions!
A good friend tries to persuade you for WalMeta? Greed and FOMO kick in!
You lose a lot of money in your portfolio during a crash? You want to switch strategies and most likely will sell at the bottom.
If you do not address these emotions properly, you will not make it like Tom did.
How am I fairing? I lost a LOT because of lack of discipline. "Just do it" doesn't work. You need to train, prepare, address yourself. Every single day again. Because you are doing the opposite of what your emotions tell you to do. Which is HARD!
The advice in this video is not good.
Starting early is simple. The best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year’s experience, I was able to build a suitable life because I invested early ahead this time.
I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
I've watched this video over 20 times...I love it!
These animations help me understand much better.
Keep up the great work!
This has been probably one of the most effective styles of video for me to learn personally. I really enjoyed the mix of cartoonish illustrations mixed with concepts from specific books and quotes by successful people. Loved it!
And the subtle call to action at 16:35 💀
Are you a milionaire now?
“ when you see someone who is driving around in a Lamborghini, realize that you’re also witnessing someone who is a Lamborghini poorer”, just inspiring
Oh man, I don't know if is karma or not but I have the same Story as Tom! I worked at a well known Auto Company then I quit because another Car Company gave me a better salary.I have even a daughter wich is 2 years old and I am on Stage 1.Keep doing that kinds of videos.It gave me strenght to go further.Sorry for my English I'm from Germany.
As a 23 year old junior engineer, I can say this.... Thank you.
0:00: 💰 Tom goes from $0 to $20,000 through stock market investing and following the advice of 'paying himself first'.
3:47: 💰 Tom learns the importance of saving and investing in the stock market to grow his wealth.
8:08: 📚 Tom continues to invest in the stock market and focuses on understanding and analyzing companies before investing.
11:43: 💰 Tom's journey from $100,000 to $1,000,000 and the impact of his friend's success.
15:56: 💼 Tom's journey as an investor and his determination to succeed.
19:55: ! Tom achieves financial freedom through stock market investments and pursues his passions.
Recap by Tammy AI
Nice example - very inspirational. I think there should still be a bit more safetly margin included. Looking at the table, there were high rewards on the stock market towards the end of the career. It could happen that the market crashes again by 40% the year after. This risk has to be considered. Its called the "squence of return risk"
Happy that you back!! I really missed your videos! Im 37 but as a latebloomer just get to the point to scrape the first 200k sek... As in the video my wife pushing me to get a nice house but im not giving in and will keep at it investing! Maybe I get there by my mid 50's! :))
im 28 have 0 savings invested in crypto 350$ and lost and feel like i should have started long ago .. the thing is i know what are the steps are for wealth but my problem is how do i know in which stocks i invest in ? if you have a tip would highly appreciate it ! thanks for reading in advance
@@chrisbaki7371 by reading your comment i would suggest buying diversified ETFs with low fees and forgetting you own them for a few decades
One of the best videos. I started FI journey very late. I am 36. Still long way to go.
The humour in this video needs to be more appreciated. Genuinley laughed out loud a few times
I am Tom, and I approve this message.
This is my favorite video on the channel. I have shared it with many friends.
1k savings per month, which is 10% of his salary at 23-25? Tom was already chilling 😂
but good video nonetheless, message still gets across although Tom's life isn't normal at all
The first 100,000 is a bitch. Do whatever you have to do to get it. Even if you have to live off of less than 9,000 dollars a month for 1 year. Smh.
Also - anyone doing whatever job Tom is chilling in that pays 10k+ a month for over 40 years is doing plenty of boar hunting if they want to. lmao.
The video never stated 1k was 10% of his salary. The book tom read said that. Tom put 1k of his paycheck towards savings, no one knows what percent of his paycheck that 1k amounts to.
@@manasdesai2804 You're somehow missing the point while literally stating it.
Basically what you're suggesting is that their example - which they based all of their numbers off of - doesn't match the advice given.
No shit my guy, that's what's being roasted here.
In other words - the idea that saving and investing 10% of your salary will make you stop being poor eventually - is bullshit - because if you are poor, 10% is never going to be 1k. Saving 10% (the advice given - which is garbage advice) would only amount to 1k for people making 10k - and if you make 10k a month, you should save a ton more than 10% if you have any financial sense at all. I save and invest 2/3 of my income - which is only possible because I make enough and am frugal enough to live on 1/3 of my total income.
Living on 1/3 of your income gets progressively more difficult the less money you make or the more other mitigating factors you have - all of which usually correlate with poverty. Being the victim of crime, getting injured at work, etc.
@@Sanguine_Entertainment Complementing, with an 10$ per hour work and 176h monthly work hours, Tom would receive 1760 dollars each month, which would mean a 23 years old person spending only 760 dollars to live - something that is far from easy if you not live with yours parents and/or has a debt from studying.
@@Sanguine_Entertainment The point is this: spend less (don't waste money on things you don't need) and save as much as you can. Then invest it to grow it. Don't get hung up on the absolute numbers or the percentages in one example.