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I got 2 cc at 18. Paid them off every month and they claimed I didn't ruining my score for a decade :D great advice. These companies don't want us to have good scores and will lie to make sure we don't
I have a honey bee farm so I am planning using us farm loans and farm programs to expand my land holdings. I want to build a fair size lavender farm that could make my honey worth more plus expand the cosmetic stuff I make to sell.
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.
Not everyone has the skill to succeed in investing, but it's easier to follow the guidance of an experienced consultant. With the right one, you could earn anywhere between $10,000 and $40,000. Online businesses are also a good option if you're savvy.
There are many independent advisors to choose from. But I work with *Izella Annette Anderson* and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Looking for some advice. My portfolio is made up of positions in $NVDA 125k, $VOO 80k, $SCHD 77k and $PLTR 60k. Looking to add growth in A.I stocks for retirement. Any suggestions that would complete the existing positions?
To maximize this cycle, focus on growth stocks, small caps, and Bitcoin. As someone pointed out too; Working with a pro can save and make you money. For example, my FA allocated a small part of my portfolio based on Nancy Pelosi’s investments, which is legal. That portion has increased by 71% in 10 months.
Hey, I'm trying to find a certified one to boost my investments/portfolio, but it's tough online. Can I get a rec from you, since you know about this stuff?
I've stuck with ‘’Victoria Louisa Saylor ” for 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
In healthcare and biotechnology, there are excellent growth opportunities, and currently their prices are low compared to tech companies. One small company with great potential is I-Mab, and right now it's quite inexpensive.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
My CFA ’ Julianne Iwersen Niemann ’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
Some time ago, my parents would not let me invest because the bank my dad used was TD but the Brokerage accounts required a $2000 minimum. I just looked for the smallest minimum requirement and now I can happily of passive income. I also made a side hustle that generates a small bit of income. I have two legs out of six. All thanks to your teachings, I have been successful so far.
Yea, now there are no account minimums, no monthly fees, it's the easiest time it has ever been to invest and still people are living paycheck to paycheck
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Finding financial advisors like ''Amy Desiree Irish'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Finding financial advisors like ''Amy Desiree Irish'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Yes yes yes! Retirement is freedom to do the things you actually enjoy. Early retirement gets a bad wrap because on the surface it seems like you just don’t want to work but in reality you want to have time freedom. Very well said Mark!
Well, it is partially true, i don't want to have to work, but rather work when i want to. I had the luck to have nothing to oi for 2.5 months. Let me tell you doing nothing gets old after 1.5 months and you automatically start doing something after 2 tops months.
I had a few motivation concerns a while ago because I was only investing into stocks I believed in and didn't understand how to pick reliable ones to grow from. After finding your channel I've had a lot more confidence and less stress in getting by because no one else was offering the kind of information you had in your videos. I sure wish I found these videos sooner because I'd have been in a position to begin some part of freedom, but after getting older it helps you make effective decisions and fall-back options. Thanks for looking out for people despite being wealthy yourself, there's such a negative stigma behind people having a lot of money because people always get jealous or envious but putting some of the advice into practice has already helped me so I know it's genuine. Thanks again Mark
Have a look at investing into the market via ETF, you will not beat the market but almost nobody beats it on the regular basis. With the s&p500 you will most likely average about 7-10 percent every year :)
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
I really appreciate that the description section tells everything that’s in the video unlike some other people who purposely don’t write much to make you watch the whole video. It helps because as a person who’s learning things by watching and listening, some of the information can just go over my head. But with everything written down for me too, I can slow down and really learn what I’m hearing. Thanks so much!
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
Thats when you hire someone to manage your money. You need a financial-advis0r straight up! Even while $200k might seem like much, one bad decision might seriously deplete it.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
My son introduced me to your channel and I think the advice you give is sound. It’s the voice of experience and a business man who is clearly very successful, but also a decent, honest and down to earth guy.
When I tell people my goal is to retire by 35 they look at me like crazy. Most people don't even give thought to retirement. As far as they're concerned, a paycheck is to buy food and nice things, not a ticket to buying your way out of slavery.
Don't listen or pay attention to nay sayers. Stay focused, and on track. You already visualized it and working towards it, YOU will get there, keep on. Slow and steady WINS the race!!👍
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
I retired at 32 now 39 but life with kids and now teens doesn't much make life feel like "retirement " now looking to increase my income so that my husband (who we got together and married in last couple years) can retire and do even more things than we do now. I have all my children's college education paid for and they get a amount monthly when in school to help but now they are all yr or so about to leave home ready to start next phase and with increasing cost want to add to my monthly income to keep feeling comfortable and not tighten budget. Thanks for videos. Just saw for 1st time. We have our healthcare taken care of and got good credit and don't owe a lot my mortgage is very low but looking to purchase another home now and keep my other home. Wishing everyone security and safety and peace of mind.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
He's actually right about the credit card thing. My cousin talked me into getting one to increase my credit score. Purchase small things and pay it off asap it will build you up easily.
As a European I really don't understand what all this advice about building a credit score is about. It sounds completely counterintuitive: loan more money to show you're capable of handling money. I just buy what I can afford 😂
Ha! My wife got a car loan. She paid it off in 12 months or less. I couldn't use her credit rating for our home loan!!! My rating has way higher because she didn't pay on it for ong enough period. That was back in 2001 so things might be different today.
I think the ideas and concepts of this video are great and a good start to work towards financial freedom. That said, perhaps I missed the part where you can go from $0 nest egg to retirement in 7 years. If you invest at a 8% return for 7 years. You would need to invest approximately $9300/month. Or just $111k/ per year. That seems very unlikely for the vast majority of people (to invest/save $111k per year). It is briefly touched on at the end. But I feel like the title is for views/clickbait.
It is a lot worse than that. Based on the 25x rule, if you contribute $111K/year and assume you save 50% of your gross income (which is next to impossible), you will need $5.55M to retire. With 8% return, you will need 21 years for that. And mathematically, it doesn't matter how much you save, as long as you follow the 25x rule and save 50%, the result is the same. In order to do it in 7 years, you will need 51% annual return.
@@wgemini4422 live somewhere cheap like Chile, Argentina, Turkey, El Salvador, Georgia, Philippines, or even Taiwan. There's many other places you can live on 10k USD a year you can make 7+ dividend yields off energy stocks and reits so you don't need a lot saved like 180k would do and you'd have money to reinvest so you're always ahead of inflation
It is true that the numbers seem skewed, but it is possible to do within say 10 years or so. If you live on a tight budget for a few years, and work either overtime or start a side hustle and work more than the average person, and invest in good index funds that don't give back only 7% but morel likely 10-12%, like the S&P, than we are getting close to our retirement level.
The market crash and high inflation are stressing me about retirement. Despite the challenges, I know investing is a long-term game, so I'm staying focused on the future.
I'm nearing retirement in three years, and despite having solid companies in my portfolio, my profits have stagnated in this uncertain market. Are there any calculated profit opportunities in this recession?
We were supposed to pay off our house early. In about 5 years. But with the cost of things and fuel we probably won't make our goal. Very hard to save money right now but we can a little.
This is great advice. And you even say it as it is: this stuff isn't easy. You have to work your ass off for a couple years, especially early on, in order to be able to make enough money to work for you.
It boils down to common sense. Live on less, get completely out of debt, save, and give back. Do this and you'll retire happier. Maybe not rich, but happier. Cheers!
100% agree about having a goal. Having a small, fixed, specific short term goal at the very least is crucial. Save five grand for example, or get rid of each credit card. My two pennyworth: Buy index funds. Don't borrow money when you shouldn't. Don't buy things to impress people you don't even like. In 2022 avoid cash as much as possible. If you have to take out a loan to buy a car, then you can't afford to drive.
@@damdaniel1 Because it's a terrible long term asset that pays virtually nothing and is subject to the obliterating effects of inflation manufactured by incompetent governments.
Lmao that line about the car is such bs. Financing my Lexus was an excellent decision. Raised my credit finally to 800 and I aggressively paid it off in 2.5 years.
You have a lot of great points and ideas. The only thing I would disagree about is I personally feel any debt is dangerous and should be avoided. But I know guys who have made money leveraging it so it's all about your willingness to take on a certain amount of risk. I love your multiple income streams, that is a brilliant idea and much easier for most people to do than they think. Sometimes the simplest and most obvious ideas take someone to point them out to us before we realize they are there!
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning.
Start planning for retirement as soon as you can to take advantage of the power of compounding. Work with a financial advisor if you need help or advice.
Also Gerald you can earn passively with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries and will be glad to help.
I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.
She goes by ‘’.Sonya Lee Mitchell’ I say you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Your contents are always on point ❤ You and Gary Joe Wilde are highly recommendable investing experts every investor who wants to get rich investing must work with Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.
I have found paying off the debt with the lowest balance is the best way to go. You will end up potentially paying a little more interest but seeing card by card of credit line by credit line fall away and leaving extra actual cash flow every month (even if that money goes right onto another debt) is very motivating rather than spreading them out evenly for a long long time. in fact you may, like me find that after one or 2 are paid off you are even more motivated for the next one.
@TDVL Production depends. Usually running 8 or 9 credit lines and couple credit cards. Normally all at zero now. But it's nice to have if you have a house flip to do. Or the market Dips. But when I got out of school 4 had balances. Paying the equal on all 4 seemed OK but it seemed to go way faster and ibwas much more motivated by knocking them off smallest to largest.
I wonder if, in a few years, people will come to you irl or in comments to thank you for getting them educated enough to become fully financially independent. I thank you now for the tips and hope that i will be that person in a few years :)
Mark, i wanna thanks for all the information that you share on yours channel, i find it to be the most educational and well explain resource of finances that i find until the moment. 🙏😊
Coming back from homelessness after deployment,imo: don't accept no for an answer(if you get shot down, regroup, recollect yourself and educate yourself over your mistake and look into another approach), to touch on the last area, if you don't know something about what your doing start researching, and the biggest thing that the service taught me is the best way to achieve any goal is to put one foot in front of the other( ie you can't hope to achieve anything by not taking any action. Do be afraid to try something and fail, I'd be afraid of never knowing due to not trying
quit your job. having your entire financial and possibly familly life on the line will prove which type of person you are pretty quick. the prospect of losing your home and puting your children on the street will motivate you to succeed at your business pretty effectively.
Your Spiderman visual was awesome! A great way to explain to children, why having strong foundations in any discipline is important. This can be applied to finances, education, sports, any philosophy you can think of. Thank you Mark!
In Canada the form of tax free retirement plans are called an RRSP, you can invest a certain amount per year based on your income and it wont be taxed until you remove it. You can also open a TFSA which is a Tax Free Savings account, you are able to put in how ever much the government says(it is the same amount for everyone) currently you can put $6000 CAD into your account per year. both of these are tax free options for investing if you live in Canada(even if your not a citizen, but there are some other walls)
@@weldinggirl canada has way less tax advantages in real estate like the US does though. As a canadian thats one thing that i envy about the US tax system
Also Curtis with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how.
These strategies are pretty rigorous for the regular-Joe. In fact, they are mostly executed successfully by professionals who have a lot of skills/knowledge to make such trades successful.
The only effective technique I use is to stay in touch with a financial coach for advice, this may sound basic or generic, but connecting with a financial adviser has been how I have been able to outperform the market for the pandemic and generate a profit of approximately $370,000 within 3 months of investing.
@@Ammo-Hoarder Interesting. I have a lump sum that does absolutely nothing to my bank account, I want to start something with it. You seem to be doing very well, how did you do it?
@@Ammo-Hoarder I am going to look her up too, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Index invest, diversify by sector and country, use registered accounts first (exclusively), stay away from margin, dollar-cost-average, wait 20-30 years....profit. Its still shocking that investing is not really taught at the high school level. If I knew at 19 what I know now.....retirement at 40 would have been easy peasy.
I'm pretty sure this is precisely why it isn't taught in school. The system requires workers to keep that GDP moving,. Imagine if everyone retired in 20 years and quite mindless consumerism. The whole thing would collapse. It will probably collapse anyway as robotics and AI scoop up more jobs than they create.
I want to invest but I don't want to benefit from companies in the oil industry and unethical companies like Facebook. How can I invest in index funds and avoid these kind of companies?
Growing up in the Midwest we learned about investing super young. I’m 26 and right now I’m projecting to retire between 37 and 40. Obviously not stop working completely because I’d go insane. But be able to live off of ~ $4,000 a month without touching the principle if I need to start using it to follow whatever dream I want.
I try to put away £1000 evenly into 4 different streams each month, REIT, Index Fund, Crypto and Emergency Fund. Thanks to your videos I finally took the commitment a few months back to do so!
I watch a lot of finance videos so felt like none of this was news to me... until the spiderman visual on multiple incomes streams! You blew my mind. It actually only just clicked! Thank you. Quality content and entertainment in one. Subscribed
Hey man, thanks a lot I'm earning big for the first time in my life and I'm having a hard time choosing between investment options since I didn't even know what to look for, 'something that gives me back money on the long run' tends to leave lots of options on the table, you have been guiding me a lot with these videos and for that I'm really thankful
Fantastic video, wish I had this information 20 years ago. I'm now 42 and even though I've managed to bring out debt to income radio down from 49% to 16% I still struggling to leave the 9-5 and do my own thing
I'm 56 now. It took several years and many jobs later to get to where our annual expenses are 50% of my net income. Everything takes time. So if you are saying that you still have debt that amounts to 16% of your net income then you are getting close. So kudos for that. I read a book when I was 27. "The Millionaire Next Door". That book taught me how not to spend my money. By 34 I was debt free. Then I got a married. The plan was to save for 5 years to buy a house cash but my wife wouldn't listen to my logic. Now WE have only $149,000 left to pay it off. Even though WE could theoretically pay it off in the next 3 years WE had to put that plan on hold. Because my daughter is off to school and we are paying it all so she doesn't start her career in debt. So it will take a little longer to pay off the home. But we have no credit card debt, no auto loans, no using our home equity to borrow any money. We live well but we don't waste any money on impulses or things that lose value over time. Hopefully no suprises in the next 4 years!
@@Movieman1965 keep your health up too brother. off all the earthly possessions your wealth is the most of your wealth.... im 38 n decided to hold off on kids n marriage so i could get myself into a better financial situation. right now my only debt is my mortgage n if i go hard working these 2 jobs i got now on paper i can pay it off within the next 12-18months. delayed gratifications i call it.
Your Videos are inspirational and motivating. I've learned a lot from your video and I've been able to be minimal and frugal, saving and investing more for my retirement. Now I earn weekly. Thanks a lot man!!!
I'm very happy for you dear 😘and you're creating a great reputation for this channel and everyone,I will love to achieve this great goal you're enjoying now.
Just came across your channel and this is the first video I watched. Liked and subscribed. Thanks for the clear and concise content. I went through a divorce 5 years ago and restarted with nearly $0. I fixed my credit, paid off high interest debt. Started a new career as a truck driver, bought a house and have a combined 401k/Robinhood account worth over 100k. I'm not a millionaire yet but I'm living proof that anything is possible!
I'm 34 and only started investing 3 months ago now. So far I have $600 which is not really a lot but I am very happy with it because quite frankly it's the most I've had saved in my life so far. I wish I found guys like this when I was 18 because I could possibly be retired now and enjoying life more but still I'm only 34 so it's not too late for me. I have 2 kids aged 6 and 2 and one more coming soon. I will be teaching my kids all about investing soon, well only the oldest one for now but I will teach them all about it and have them investing no later than 10 years old. I want them to have that option to retire early if the desire and do absolutely whatever they wish with their life. Maybe I started late but I will not allow that to happen with my kids, I will be for them what I wish I had when I was younger.
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
It's easy to say you wish you known at 18 but that's not how it works. The info was out there but nobody looks until thier ready. Luckily you were ready at 34. My kids are 18 and 24 but they aren't ready. No matter how much I bring it up and send videos like these. They aren't ready to learn because like most young people they want to do thing thier way. Reason you don't see many people under 35 making these videos. Nobody believes it until they get old and have to do it
@@Dell7788my 18 yr old daughter isn’t too interested but she’s saved about $20,000 already. I told her we’re both going to the bank and we’re going to start investing all of it. I didn’t really give her the choice to stay behind at home while I do the work for her lol. She’s already dipped her own toes into a beginner investment in silver, which has paid off already in just 2 years. I’m proud of her! but sometimes our kids need a forced nudge lmao.
Great video! It took me hours of reading about FIRE saving to learn this stuff so I wish I had seen this video first. I also learned a few new things! Thanks!!
Mark for sure you are a great and hardworking man who stands in capacity of teaching and guiding the young generation love this content such a beatiful break down
Hi mark, I just wanted to comment that you really guided me to realize an important aspect I needed at this point in my life, I just turned 18 this year and finished school, I work a half time job as a waiter and I have saved a little bit of money. I feel like you thought me a big lesson about Money, and how it's working not only in my pockets, just the right time before I'm starting as a grown man. I want to thank you for that.
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral.
If your investing experience is less than 10 years, then I suggest you start with 5-6 portfolio, Don't get too high on a single company. learn the process first. Initial diversification isn't bad, it really worked for me during my early years. Remember that the reason for every investment is to make good gain and protection of capital is a must.
I wish there was an online community where we could get together and discuss ways on how to find alternative income streams // build wealth. MT’s advice is great, but i could certainly use more insight on people who have already begun to do it.
Heads Up: *For an old man to be [this knowledgeable] about how to build wealth by talking about crypto, apps for index funds, and comparison methods for retirement accounts, while developing and wielding all of this information for UA-cam Channel postings and video production with graphics, etc.., tells me that this video and many like it, are complete bullshit. I'll explain: Question: Just how many older people that you know, are actually into UA-cam Video Channel Videos that know to ask you to Like, Subscribe, and are Monetized? Answer: Very very few. This video and many like it, are the culmination of a very sophisticated product investment and marketing plan. Personally, I can compare what the man is saying compared to exactly what I did while living in Poverty, though I did not take most of the approaches the man is talking about. Thing is, Friends: You have to be established enough, educated enough, and capable enough, to do everything the man is talking about. You can't just sit back in life, while broke, with very little money, but yet, expect to suddenly become 'this shrewd about Money and Investment, unless you are prepared to watch several years of UA-cam videos until you gain enough Mastery of Investing Education to simply take this man's approach with any level of personal confidence. Yup, takes time to learn to actually do what the Man is describing.'
my dad retired early and is stuck being discontent and unmotivated to get another job because he dosnt have to ~ humans are meant for purpose - instead of trying to work towards retirement work towards finding work you love.
Purpose is a good word but it doesn't have to mean another job, he can pursue some passion he has such as volunteer work, mentoring others (SCORE with the Small Business Administration).
Great video! Thanks for helping out the next generation without charging thousands of pounds for a course. You’ve been really helpful not only for business tips, but also for motivation.
While trying to build income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $400k in a quarter of a year during high inflation
I would argue that you want to have a small emergency fund BEFORE paying off even high interest debts. Yes it takes longer, but if and when something breaks or happens, you aren’t putting yourself in further debt paying for a new clotheswasher on your credit card because you don’t have bail out money set aside for emergencies.
Thank you, Mark, for sharing your insights. What I feel is missing, but equally important, is making friends with people driven by similar live goals like yours. That way, someone can help build your next income stream faster (think mastermind groups or someone who can connect, valuable people). Or you can diversify your potential income streams by being an investor for a friend (think: lending money to a friend focusing on real estate and receive shares from the rent).
To get rich in life, you need to spend less and invest more. You don't expect to spend 90%, invest 10% and expect financial growth. there is a saying "what you eat dies but whatever you invest lives forever"
True, my wife and I, we are both retired with over $934k in net worth and no debts with the help of a well-known professional. Currently living smart and frugal with our money.
Just did and she’s amazing. Indeed assigned within in the States. I totally agree, you need a good and well-known professional to put you through all what you need to know and also to tell you when or where to invest your money.
To attain wealth, the first step is figuring out your goaIs and pIans, with the aid of a financiaI pIanner and following through with intelligent pIans, you will gain attain wealth and as weII enjoy the benefits of managing your finance.
My decision on my finances gained so much (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Got my 3rd house yesterday and, hoping to retire soon.
I think a very important lesson I learned that may help others is go at your own pace, it was really easy for me to get discouraged seeing people my age to be making more money then I was and I always would think I was the issue and that I wasn't trying hard enough and just really messed with my head. However if I compare myself today to myself three years ago, I have made tremendous progress that I should really be proud about
Started off as a drifter, wasted my 20s and have now entered the dreamer stage with plans to become a doer. I wish I knew a lot of this early as it would have saved me a lot of grief, but you live and learn.
Also now with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I enjoyed this video so much! I feel like I’ve been told so many of the things you said in your video but none of them really made sense until now! You have a fun way of teaching and keeping someone locked in!
Also Taylor with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I wish they teach in school how to approach life once in the society. Handling finances, emotion, and so on. Now a days, school are so generalized that a lot from the new generation are having a hard time figuring out where they fit, how to fit, and what they are really capable of.
Completely agree. Honestly though, at least for me, I was not thinking about retirement at that age, so not sure it would have made any difference. But could have for some. I think it is up to the parents to teach this, I plan on doing so with my kids.
Exactly. Yes cash flow helps when building wealth. But like he said 40 percent of Americans with 100k live pay check to pay check. I know a decent amount my self.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
The biggest problem with these steps is worrying about a great credit score/paying down huge debt. Contrary to popular belief, you can not only live comfortably without credit, it also supports healthy spending habits, which supports investing early and often. I havent checked my credit score in over 30 years and could care less what it is. It hasnt stopped me from owning multiple homes, land, & cars over that time. You dont need to "pay down high interest creditors/debt" if you dont fall victim to the credit trap in the first place. Pay cash or dont buy it, and dont buy it unless its a NEED, not a WANT, theres a big difference. Keeping up with the Joneses just puts you in debt like them and perpetuates the credit slavery cycle.
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
I really enjoyed the content. My retirement plan is secured. I have been making weekly payout from the stock markets after learning how to trade from my mentor.
Appreciate your advice while starting up a business for the first time, Mark! Been watching your videos a lot and your authenticity is just amazing. Any advice you can give, I'll absorb!
Also regarding that Matthew, you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I have actually had the wrong goal! I thought 5% was conservative, so I used that to be on the safe side. So my goal was 2 million dollars, but now I need to up it to 2.5. Good that I watched your video now and not when I was ready to retire!
Never set a goal and you will find the true meaning of being “rich”. If you have the money and you want to spend it, go for it. More than likely the thing you are investing in is something that can help you live a better life or even continue to provide for yourself.
Good video. Very similar lessons to Dave Ramsey and Robert Kiyosaki. I am now in my 40s and my family and I have a strong financial plan. I just wish I had had these kind of financial lessons 25 years ago. I fully intend to teach my kids these lessons. Financial freedom is achievable.
This is perfect. It's the process I've been taking. Great of you to put a guide out, I find it's accurate, and you're stories in between make it more personal. Thank you so much for this content. 😊
Hey im 13 and started investing under my parents name. After 3 months i MADE 100 DOLLARS!!!!!! now all i need to do is do what i did to make 1000 dollars 100 times. Thank you fror everthing you have done.
Careful you don't lose your parents" house. It might not be a easy or as predictable as your first experience led you to believe. Very worrying that you're putting your parents at risk like this.
Love this and a lot of your other videos that I’ve come across! New subscriber, let’s get this side hustle started in the new year and build financial freedom 👊🏻
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
In theory it sounds super exciting, but it’s pretty much stay away from personal debt, work 2 or 3 jobs invest extra into your retirement fund. Then when you can afford to play with the share market. Passive income like ecommerce and drop shipping is that over saturated you’ll never make money from it unless you are using an original idea that people will actually buy. And it’s pretty hard to come up with an original idea these days. But still great advice.
Yes the same old stuff that's been said a million times. The bit that's really gotten old though is the whole withdrawing 4% a year for the rest of your life, how the heck is that supposed to work now that we're seeing over 5% annual inflation?
I really don’t understand how people can happily live payceck to paycheck. I understand that for some people it’s the only way to get by but people who waste all their money and just wait till the next paycheck I can’t understand. It would stress me out so much knowing I didn’t have anything to fall back on if I lost my job or something
I have many friends who do exactly this and make great incomes. It’s because they’re always trying to keep up. Buy giant houses, boats, and other things they really don’t need. My husband and I live much more modestly and are quite happy that way. The other friends are always in competition with each other and massively in debt. We all have kids, so, yes, you can also live the way he describes with kids.
Hi Mark, your videos made me start investing most of my money at 17. I've made over 14% in return in the last 8 months! Now I'm looking to get started into a side hustle!
kicked off my investment journey give or take 8months ago too, I Had my share of ups and downs with stocks when I first started off, finally reached out to an advisor for help, following her recommendations, I dumped 30k all in NIO and NVDA shares and call options, Up 200k so far!!! retiring with no fears at all
Finding your videos very helpful, currently saving for an asset (house) and currently putting away a nice sum a month away in the Vanguard S&P500, 32 years at 8 % (hopefully) for over a million for retirement 😎👍 started late (28) but hey better start now than never 😊 looking forward to seeing what other videos you'll be putting out 😎
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Similar situation here. I've done some number crunching and even investing a small amount monthly (£150) can amount to £125k in 25 years at around 7% return PA.
Use the promo code TILBURY to get a free share worth up to £100 or visit www.trading212.com/join/TILBURY (terms & conditions apply)
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I got 2 cc at 18. Paid them off every month and they claimed I didn't ruining my score for a decade :D great advice. These companies don't want us to have good scores and will lie to make sure we don't
I have a honey bee farm so I am planning using us farm loans and farm programs to expand my land holdings. I want to build a fair size lavender farm that could make my honey worth more plus expand the cosmetic stuff I make to sell.
The reality kill all what You said in My life and still doing that.
I built my life so I have no desire to retire
Please.
Retire...
I just turned 2 years old and I plan to be financially free by age 9, this is so exciting!
🤣🤣🤣🤣
i just turned free financially and plan to be age 2 when I turn 9, this really is exciting!
I just turned age 9 years old and I plan to be free financially by 2 years, exciting so is this!
Just 2, I was already 3 when I was your age
Boiled fetus
The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.
Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.
Not everyone has the skill to succeed in investing, but it's easier to follow the guidance of an experienced consultant. With the right one, you could earn anywhere between $10,000 and $40,000. Online businesses are also a good option if you're savvy.
@@mikegarvey17Hope you don't mind if I ask you to recommend this particular professional you use their service?
There are many independent advisors to choose from. But I work with *Izella Annette Anderson* and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA “Diana Casteel Lynch” a renowned figure in her line of work. I recommend researching her credentials further.
Found her webpage, I wrote her an email and scheduled a call. Hopefully she responds. Thank you.
SO TRUE! They need to teach this in school, it’s frustrating!
Free speech: I’m
54 nobody will give me a job at my age
Looking for some advice. My portfolio is made up of positions in $NVDA 125k, $VOO 80k, $SCHD 77k and $PLTR 60k. Looking to add growth in A.I stocks for retirement. Any suggestions that would complete the existing positions?
To maximize this cycle, focus on growth stocks, small caps, and Bitcoin. As someone pointed out too; Working with a pro can save and make you money. For example, my FA allocated a small part of my portfolio based on Nancy Pelosi’s investments, which is legal. That portion has increased by 71% in 10 months.
Hey, I'm trying to find a certified one to boost my investments/portfolio, but it's tough online. Can I get a rec from you, since you know about this stuff?
I've stuck with ‘’Victoria Louisa Saylor ” for 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
In healthcare and biotechnology, there are excellent growth opportunities, and currently their prices are low compared to tech companies. One small company with great potential is I-Mab, and right now it's quite inexpensive.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
My CFA ’ Julianne Iwersen Niemann ’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
Some time ago, my parents would not let me invest because the bank my dad used was TD but the Brokerage accounts required a $2000 minimum. I just looked for the smallest minimum requirement and now I can happily of passive income. I also made a side hustle that generates a small bit of income. I have two legs out of six. All thanks to your teachings, I have been successful so far.
Yea, now there are no account minimums, no monthly fees, it's the easiest time it has ever been to invest and still people are living paycheck to paycheck
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
This was amazing, you got straight to the point, did not sell me anything, and helped my feel motivated and clear about my path ahead.
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Mind if I ask you to recommend this particular coach you using their service?
Finding financial advisors like ''Amy Desiree Irish'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800k
Mind if I ask you to recommend this particular coach you using their service?
Finding financial advisors like ''Amy Desiree Irish'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Yes yes yes! Retirement is freedom to do the things you actually enjoy. Early retirement gets a bad wrap because on the surface it seems like you just don’t want to work but in reality you want to have time freedom. Very well said Mark!
Hi Kelsie, thanks for your support MT 😎
Well, it is partially true, i don't want to have to work, but rather work when i want to.
I had the luck to have nothing to oi for 2.5 months. Let me tell you doing nothing gets old after 1.5 months and you automatically start doing something after 2 tops months.
🤩🥰🥰🥰🥰🥰
"bad rep" not wrap :)
what is wrong with not wanting to work?
I had a few motivation concerns a while ago because I was only investing into stocks I believed in and didn't understand how to pick reliable ones to grow from. After finding your channel I've had a lot more confidence and less stress in getting by because no one else was offering the kind of information you had in your videos. I sure wish I found these videos sooner because I'd have been in a position to begin some part of freedom, but after getting older it helps you make effective decisions and fall-back options. Thanks for looking out for people despite being wealthy yourself, there's such a negative stigma behind people having a lot of money because people always get jealous or envious but putting some of the advice into practice has already helped me so I know it's genuine. Thanks again Mark
Have a look at investing into the market via ETF, you will not beat the market but almost nobody beats it on the regular basis. With the s&p500 you will most likely average about 7-10 percent every year :)
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
I really appreciate that the description section tells everything that’s in the video unlike some other people who purposely don’t write much to make you watch the whole video. It helps because as a person who’s learning things by watching and listening, some of the information can just go over my head. But with everything written down for me too, I can slow down and really learn what I’m hearing. Thanks so much!
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
Thats when you hire someone to manage your money. You need a financial-advis0r straight up! Even while $200k might seem like much, one bad decision might seriously deplete it.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
Her name is. TRUDY ELIZABETH STOUFFER . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
My son introduced me to your channel and I think the advice you give is sound. It’s the voice of experience and a business man who is clearly very successful, but also a decent, honest and down to earth guy.
Thanks so much for the support. I’m glad to hear you approve of my content. I hope your son finds the videos useful 👊🔥
Dad?
Bots everywhere
I started investing in and set up an auto invest on Vangaurd EFTs after watching one of your videos. Nothing but gains
When I tell people my goal is to retire by 35 they look at me like crazy. Most people don't even give thought to retirement. As far as they're concerned, a paycheck is to buy food and nice things, not a ticket to buying your way out of slavery.
My friend, if you are in the USA, to achieve your goal, DO NOT GET MARRIED & DO NOT FATHER CHILDREN. Good luck with your goal. It can be achieved.
I tell people my goal is to retire when I’m 35 and people tell me I’m crazy too….. maybe cos I’m 45 and still working.
Your goal isn't ridiculous but going by your name I find it hard to imagine you know anything slavery related...
Don't listen or pay attention to nay sayers. Stay focused, and on track. You already visualized it and working towards it, YOU will get there, keep on. Slow and steady WINS the race!!👍
A goal and a plan put into action are to different things
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
It’s still not too late to enjoy Crypto growth cycle until mid ‘25. Just follow BlackRock, they know what they’re doing.
I retired at 32 now 39 but life with kids and now teens doesn't much make life feel like "retirement " now looking to increase my income so that my husband (who we got together and married in last couple years) can retire and do even more things than we do now. I have all my children's college education paid for and they get a amount monthly when in school to help but now they are all yr or so about to leave home ready to start next phase and with increasing cost want to add to my monthly income to keep feeling comfortable and not tighten budget. Thanks for videos. Just saw for 1st time. We have our healthcare taken care of and got good credit and don't owe a lot my mortgage is very low but looking to purchase another home now and keep my other home. Wishing everyone security and safety and peace of mind.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
You should be taking care of your kids which is a busy hectic life if your a good parent 😂
What did you do to retire so young?… I guess I’ll never know 😔
@@selenacordeiro1458married someone with money
Well done. Enjoy your life.
He's actually right about the credit card thing. My cousin talked me into getting one to increase my credit score. Purchase small things and pay it off asap it will build you up easily.
The thing is my earning isn't constant and not huge as well thatswhy banks in India aren't issuing me a credit carrd!
I literally buy one thing on my credit cards like a candy bar pay it off and watch your score sky rocket 🚀 up.
As a European I really don't understand what all this advice about building a credit score is about. It sounds completely counterintuitive: loan more money to show you're capable of handling money. I just buy what I can afford 😂
I have never had a credit card and my credit score is 980… sooo…
Ha! My wife got a car loan. She paid it off in 12 months or less. I couldn't use her credit rating for our home loan!!! My rating has way higher because she didn't pay on it for ong enough period. That was back in 2001 so things might be different today.
I think the ideas and concepts of this video are great and a good start to work towards financial freedom.
That said, perhaps I missed the part where you can go from $0 nest egg to retirement in 7 years. If you invest at a 8% return for 7 years. You would need to invest approximately $9300/month. Or just $111k/ per year. That seems very unlikely for the vast majority of people (to invest/save $111k per year). It is briefly touched on at the end. But I feel like the title is for views/clickbait.
The number that I came up with was $11,904/month. You and I are close.
It is a lot worse than that. Based on the 25x rule, if you contribute $111K/year and assume you save 50% of your gross income (which is next to impossible), you will need $5.55M to retire. With 8% return, you will need 21 years for that. And mathematically, it doesn't matter how much you save, as long as you follow the 25x rule and save 50%, the result is the same. In order to do it in 7 years, you will need 51% annual return.
That works great! Good thing I make $40k a year lol….
@@wgemini4422 live somewhere cheap like Chile, Argentina, Turkey, El Salvador, Georgia, Philippines, or even Taiwan. There's many other places you can live on 10k USD a year you can make 7+ dividend yields off energy stocks and reits so you don't need a lot saved like 180k would do and you'd have money to reinvest so you're always ahead of inflation
It is true that the numbers seem skewed, but it is possible to do within say 10 years or so. If you live on a tight budget for a few years, and work either overtime or start a side hustle and work more than the average person, and invest in good index funds that don't give back only 7% but morel likely 10-12%, like the S&P, than we are getting close to our retirement level.
The market crash and high inflation are stressing me about retirement. Despite the challenges, I know investing is a long-term game, so I'm staying focused on the future.
I'm nearing retirement in three years, and despite having solid companies in my portfolio, my profits have stagnated in this uncertain market. Are there any calculated profit opportunities in this recession?
We were supposed to pay off our house early. In about 5 years. But with the cost of things and fuel we probably won't make our goal. Very hard to save money right now but we can a little.
Markets gonna crash really soon
The stability of investment funds has always proved better than straight shares purchase for me.
The market has never been higher, what are you on about?
This is great advice. And you even say it as it is: this stuff isn't easy. You have to work your ass off for a couple years, especially early on, in order to be able to make enough money to work for you.
It boils down to common sense. Live on less, get completely out of debt, save, and give back. Do this and you'll retire happier. Maybe not rich, but happier. Cheers!
thats it right there mate. cheers
by the way, common sense is more uncommon than you know.
100% agree about having a goal.
Having a small, fixed, specific short term goal at the very least is crucial.
Save five grand for example, or get rid of each credit card.
My two pennyworth:
Buy index funds.
Don't borrow money when you shouldn't.
Don't buy things to impress people you don't even like.
In 2022 avoid cash as much as possible.
If you have to take out a loan to buy a car, then you can't afford to drive.
Why avoid cash
@@damdaniel1 Because it's a terrible long term asset that pays virtually nothing and is subject to the obliterating effects of inflation manufactured by incompetent governments.
Ok Klaus.
Lmao that line about the car is such bs. Financing my Lexus was an excellent decision. Raised my credit finally to 800 and I aggressively paid it off in 2.5 years.
Cash is king in 2023..
You have a lot of great points and ideas. The only thing I would disagree about is I personally feel any debt is dangerous and should be avoided. But I know guys who have made money leveraging it so it's all about your willingness to take on a certain amount of risk. I love your multiple income streams, that is a brilliant idea and much easier for most people to do than they think. Sometimes the simplest and most obvious ideas take someone to point them out to us before we realize they are there!
Dave Ramsey?
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
Look into leverage and inflation, you will then change your mind about debt.
All wealthy people leverage debt.
To have a comfortable, secure-and fun-retirement, you need to build the financial cushion that will fund it all
Retirement planning should include determining time horizons, estimating expenses, calculating required after-tax returns, assessing risk tolerance, and doing estate planning.
Start planning for retirement as soon as you can to take advantage of the power of compounding. Work with a financial advisor if you need help or advice.
Younger investors can take more risk with their investments, while investors closer to retirement should be more conservative.
Retirement plan evolve the years, which means portfolio should be rebalanced and estate plan undated as needed
Investors who buy stocks typically do so for one of reasons
Never follow your passion. But always take it with you.
-Mike Rowe
Love this because you show things in the right order. You can be doing great things but if they are out of order, you won't get anywhere.
Also Gerald you can earn passively with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries and will be glad to help.
I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.
I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?
She goes by ‘’.Sonya Lee Mitchell’ I say you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
BE AWARE - THIS IS SCAMMERS THREAD
Your contents are always on point ❤ You and Gary Joe Wilde are highly recommendable investing experts every investor who wants to get rich investing must work with Unfortunately, don't know why Gary chose not to own a video channel here like other experts. He is long-established and very advanced in the field.
@higson You are right. I remember Chris and Brian often recommended and promoted him in their early vids. It's been a while though.
I have found paying off the debt with the lowest balance is the best way to go. You will end up potentially paying a little more interest but seeing card by card of credit line by credit line fall away and leaving extra actual cash flow every month (even if that money goes right onto another debt) is very motivating rather than spreading them out evenly for a long long time. in fact you may, like me find that after one or 2 are paid off you are even more motivated for the next one.
@TDVL Production depends. Usually running 8 or 9 credit lines and couple credit cards. Normally all at zero now. But it's nice to have if you have a house flip to do. Or the market Dips. But when I got out of school 4 had balances. Paying the equal on all 4 seemed OK but it seemed to go way faster and ibwas much more motivated by knocking them off smallest to largest.
Thanks Dave
I wonder if, in a few years, people will come to you irl or in comments to thank you for getting them educated enough to become fully financially independent. I thank you now for the tips and hope that i will be that person in a few years :)
Mark, i wanna thanks for all the information that you share on yours channel, i find it to be the most educational and well explain resource of finances that i find until the moment. 🙏😊
The big question I have is: How do you transition from an employee mentality without any business experience and from a dreamer to a doer?
You need leadership skills. Military is one example. Sports, another.
You need to lead yourself.
Coming back from homelessness after deployment,imo: don't accept no for an answer(if you get shot down, regroup, recollect yourself and educate yourself over your mistake and look into another approach), to touch on the last area, if you don't know something about what your doing start researching, and the biggest thing that the service taught me is the best way to achieve any goal is to put one foot in front of the other( ie you can't hope to achieve anything by not taking any action. Do be afraid to try something and fail, I'd be afraid of never knowing due to not trying
it starts with you bud. The only obstacles in front of you are the ones that you place.
quit your job. having your entire financial and possibly familly life on the line will prove which type of person you are pretty quick. the prospect of losing your home and puting your children on the street will motivate you to succeed at your business pretty effectively.
Your Spiderman visual was awesome! A great way to explain to children, why having strong foundations in any discipline is important. This can be applied to finances, education, sports, any philosophy you can think of. Thank you Mark!
I am teenager and love watching videos on finance to help prepare for future thanks mark
Same!
Same
In Canada the form of tax free retirement plans are called an RRSP, you can invest a certain amount per year based on your income and it wont be taxed until you remove it. You can also open a TFSA which is a Tax Free Savings account, you are able to put in how ever much the government says(it is the same amount for everyone) currently you can put $6000 CAD into your account per year. both of these are tax free options for investing if you live in Canada(even if your not a citizen, but there are some other walls)
I need to move to Canada lol
What if I put 60 a year? How much will it pay me back after 5 years?
@@weldinggirl canada has way less tax advantages in real estate like the US does though. As a canadian thats one thing that i envy about the US tax system
We don't have that in Germany.
@@weldinggirl It's expensive in every other way unfortunately.
Investing for retirement is a long-term process that calls for particular strategizing.
Also Curtis with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Can you make a video explaining how beginners can make huge profit within a short period of time? I mean i was at a seminar and the host spoke about making well over $880,000 within 4months of investing $150,000 i just need to know how.
These strategies are pretty rigorous for the regular-Joe. In fact, they are mostly executed successfully by professionals who have a lot of skills/knowledge to make such trades successful.
The only effective technique I use is to stay in touch with a financial coach for advice, this may sound basic or generic, but connecting with a financial adviser has been how I have been able to outperform the market for the pandemic and generate a profit of approximately $370,000 within 3 months of investing.
@@Ammo-Hoarder Interesting. I have a lump sum that does absolutely nothing to my bank account, I want to start something with it. You seem to be doing very well, how did you do it?
@@Ammo-Hoarder I am going to look her up too, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Reinvesting dividends is very good advice, it's the same as compounding interest with time it really pays off.
Or have a good skill within the building industry, cash jobs , say nothing and have all the tax disappear;)
reinvesting dividends in stocks whos value is declining is not though.
Index invest, diversify by sector and country, use registered accounts first (exclusively), stay away from margin, dollar-cost-average, wait 20-30 years....profit. Its still shocking that investing is not really taught at the high school level. If I knew at 19 what I know now.....retirement at 40 would have been easy peasy.
I'm pretty sure this is precisely why it isn't taught in school. The system requires workers to keep that GDP moving,. Imagine if everyone retired in 20 years and quite mindless consumerism. The whole thing would collapse. It will probably collapse anyway as robotics and AI scoop up more jobs than they create.
Is registered account a Canadian only thing？For US I only heart of Roth IRA/401K and those have annual deposit limits (which you should max out)
I want to invest but I don't want to benefit from companies in the oil industry and unethical companies like Facebook. How can I invest in index funds and avoid these kind of companies?
Growing up in the Midwest we learned about investing super young. I’m 26 and right now I’m projecting to retire between 37 and 40. Obviously not stop working completely because I’d go insane. But be able to live off of ~ $4,000 a month without touching the principle if I need to start using it to follow whatever dream I want.
I wish I learnt about selling call options a long time ago because this strategy and real estate is how I become wealthy.
I try to put away £1000 evenly into 4 different streams each month, REIT, Index Fund, Crypto and Emergency Fund. Thanks to your videos I finally took the commitment a few months back to do so!
I watch a lot of finance videos so felt like none of this was news to me... until the spiderman visual on multiple incomes streams! You blew my mind. It actually only just clicked!
Thank you. Quality content and entertainment in one. Subscribed
Hey man, thanks a lot
I'm earning big for the first time in my life and I'm having a hard time choosing between investment options since I didn't even know what to look for, 'something that gives me back money on the long run' tends to leave lots of options on the table, you have been guiding me a lot with these videos and for that I'm really thankful
Doo nooot dump your money into options (assuming you mean options options).
Fantastic video, wish I had this information 20 years ago. I'm now 42 and even though I've managed to bring out debt to income radio down from 49% to 16% I still struggling to leave the 9-5 and do my own thing
Youll still need some more time to do that, but keep it up man! Great job!
Nigga u at mcdonalds?
I'm 56 now. It took several years and many jobs later to get to where our annual expenses are 50% of my net income. Everything takes time. So if you are saying that you still have debt that amounts to 16% of your net income then you are getting close. So kudos for that. I read a book when I was 27. "The Millionaire Next Door". That book taught me how not to spend my money. By 34 I was debt free. Then I got a married. The plan was to save for 5 years to buy a house cash but my wife wouldn't listen to my logic. Now WE have only $149,000 left to pay it off. Even though WE could theoretically pay it off in the next 3 years WE had to put that plan on hold. Because my daughter is off to school and we are paying it all so she doesn't start her career in debt. So it will take a little longer to pay off the home. But we have no credit card debt, no auto loans, no using our home equity to borrow any money. We live well but we don't waste any money on impulses or things that lose value over time. Hopefully no suprises in the next 4 years!
@@Alberto-vj8pw 😭😭
@@Movieman1965 keep your health up too brother. off all the earthly possessions your wealth is the most of your wealth.... im 38 n decided to hold off on kids n marriage so i could get myself into a better financial situation. right now my only debt is my mortgage n if i go hard working these 2 jobs i got now on paper i can pay it off within the next 12-18months. delayed gratifications i call it.
Your Videos are inspirational and motivating. I've learned a lot from your video and I've been able to be minimal and frugal, saving and investing more for my retirement. Now I earn weekly. Thanks a lot man!!!
Same reason why I stick to his channel. On here, I encountered a life changing touch.
I'm very happy for you dear 😘and you're creating a great reputation for this channel and everyone,I will love to achieve this great goal you're enjoying now.
Just came across your channel and this is the first video I watched. Liked and subscribed. Thanks for the clear and concise content. I went through a divorce 5 years ago and restarted with nearly $0. I fixed my credit, paid off high interest debt. Started a new career as a truck driver, bought a house and have a combined 401k/Robinhood account worth over 100k. I'm not a millionaire yet but I'm living proof that anything is possible!
Awesome. All the best in the world. I too had a similar experience in my life.
I am 32 years old. Starting from 0. I don't understand anything about finance but I will learn.
@@pandamaci3 yes you will. Don't give up brother! I believe in you.
Consistency... discipline... hard work. I like your message.
@1:46 when he said his story about the D hat I lost it 😂
What does the D Cap really stand for?
I'm 34 and only started investing 3 months ago now. So far I have $600 which is not really a lot but I am very happy with it because quite frankly it's the most I've had saved in my life so far. I wish I found guys like this when I was 18 because I could possibly be retired now and enjoying life more but still I'm only 34 so it's not too late for me. I have 2 kids aged 6 and 2 and one more coming soon. I will be teaching my kids all about investing soon, well only the oldest one for now but I will teach them all about it and have them investing no later than 10 years old. I want them to have that option to retire early if the desire and do absolutely whatever they wish with their life. Maybe I started late but I will not allow that to happen with my kids, I will be for them what I wish I had when I was younger.
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
It's easy to say you wish you known at 18 but that's not how it works. The info was out there but nobody looks until thier ready. Luckily you were ready at 34. My kids are 18 and 24 but they aren't ready. No matter how much I bring it up and send videos like these. They aren't ready to learn because like most young people they want to do thing thier way. Reason you don't see many people under 35 making these videos. Nobody believes it until they get old and have to do it
I wish I had started when I was your age. You're doing the best thing.
@@Dell7788my 18 yr old daughter isn’t too interested but she’s saved about $20,000 already. I told her we’re both going to the bank and we’re going to start investing all of it. I didn’t really give her the choice to stay behind at home while I do the work for her lol.
She’s already dipped her own toes into a beginner investment in silver, which has paid off already in just 2 years.
I’m proud of her! but sometimes our kids need a forced nudge lmao.
Alright dude… you’re growing on me. I appreciate your efforts and these videos. I’ve just subscribed.
Great video! It took me hours of reading about FIRE saving to learn this stuff so I wish I had seen this video first. I also learned a few new things! Thanks!!
Great Job Breaking It All Down! I Love Your Honesty!
Mark for sure you are a great and hardworking man who stands in capacity of teaching and guiding the young generation love this content such a beatiful break down
Hi mark, I just wanted to comment that you really guided me to realize an important aspect I needed at this point in my life, I just turned 18 this year and finished school, I work a half time job as a waiter and I have saved a little bit of money. I feel like you thought me a big lesson about Money, and how it's working not only in my pockets, just the right time before I'm starting as a grown man.
I want to thank you for that.
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral.
If your investing experience is less than 10 years, then I suggest you start with 5-6 portfolio, Don't get too high on a single company. learn the process first. Initial diversification isn't bad, it really worked for me during my early years. Remember that the reason for every investment is to make good gain and protection of capital is a must.
They also fail to seek the help of a good expert company to manage their investments for them while they learn the skills
Also, there will always be market fluctuations, so one just have to be prepared tackle it with the help of a professional trader
This guy straight up proves how much time he has by being fluent with all the things happening in todays world
Not to mention the fact that he's got time to go out and buy a wig for making these videos.
I love the way he defined modern slavery within the first 30 seconds of the video
I wish there was an online community where we could get together and discuss ways on how to find alternative income streams // build wealth. MT’s advice is great, but i could certainly use more insight on people who have already begun to do it.
Me too
We should talk. I'm part of such a community.
Start a FB group!
Let me know!
Heads Up: *For an old man to be [this knowledgeable] about how to build wealth by talking about crypto, apps for index funds, and comparison methods for retirement accounts, while developing and wielding all of this information for UA-cam Channel postings and video production with graphics, etc.., tells me that this video and many like it, are complete bullshit. I'll explain: Question: Just how many older people that you know, are actually into UA-cam Video Channel Videos that know to ask you to Like, Subscribe, and are Monetized? Answer: Very very few. This video and many like it, are the culmination of a very sophisticated product investment and marketing plan. Personally, I can compare what the man is saying compared to exactly what I did while living in Poverty, though I did not take most of the approaches the man is talking about. Thing is, Friends:
You have to be established enough, educated enough, and capable enough, to do everything the man is talking about. You can't just sit back in life, while broke, with very little money, but yet, expect to suddenly become 'this shrewd about Money and Investment, unless you are prepared to watch several years of UA-cam videos until you gain enough Mastery of Investing Education to simply take this man's approach with any level of personal confidence. Yup, takes time to learn to actually do what the Man is describing.'
my dad retired early and is stuck being discontent and unmotivated to get another job because he dosnt have to ~ humans are meant for purpose - instead of trying to work towards retirement work towards finding work you love.
Which you can do when you retire making it fun and not work...
Purpose is a good word but it doesn't have to mean another job, he can pursue some passion he has such as volunteer work, mentoring others (SCORE with the Small Business Administration).
Nah make bang and retire thats what my brother did and hes traveling the worls.
@Miles Anthony, that’s me. I retired 2 years ago at age 57, struggling now with purpose. Covid pandemic didn’t help by restricting travel.
But if you can retire early you have time to spend on your passion. Sounds like a man with no passion in life, has nothing to do with work.
Great video! Thanks for helping out the next generation without charging thousands of pounds for a course. You’ve been really helpful not only for business tips, but also for motivation.
I completly agree ❤
While trying to build income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen People making up to $400k in a quarter of a year during high inflation
Credit affects everything. Future jobs, apartments, using a home… ect.
I would argue that you want to have a small emergency fund BEFORE paying off even high interest debts. Yes it takes longer, but if and when something breaks or happens, you aren’t putting yourself in further debt paying for a new clotheswasher on your credit card because you don’t have bail out money set aside for emergencies.
Success is about focusing Your energy on what creates results and using what you already know
Assets that can make you rich!
I.Crypto
2.Stocks
3.Shores
But I don't know why people remain poor due ignorance
Thank you, Mark, for sharing your insights. What I feel is missing, but equally important, is making friends with people driven by similar live goals like yours. That way, someone can help build your next income stream faster (think mastermind groups or someone who can connect, valuable people). Or you can diversify your potential income streams by being an investor for a friend (think: lending money to a friend focusing on real estate and receive shares from the rent).
To get rich in life, you need to spend less and invest more. You don't expect to spend 90%, invest 10% and expect financial growth. there is a saying "what you eat dies but whatever you invest lives forever"
True, my wife and I, we are both retired with over $934k in net worth and no debts with the help of a well-known professional. Currently living smart and frugal with our money.
Great job with your wife! I bet you’re living your best life right now.
I’m a young dad, I’m really glad to hear your story it inspires me. Please how did you achieve this milestone
EVELYN MONPING, look up with her name on the web.
Just did and she’s amazing. Indeed assigned within in the States. I totally agree, you need a good and well-known professional to put you through all what you need to know and also to tell you when or where to invest your money.
*Amazing. “How I got wealthy, do this..”*
To attain wealth, the first step is figuring out your goaIs and pIans, with the aid of a financiaI pIanner and following through with intelligent pIans, you will gain attain wealth and as weII enjoy the benefits of managing your finance.
My decision on my finances gained so much (gathered over 1M in 2yrs) with heIp of my financiaI pIanner. Got my 3rd house yesterday and, hoping to retire soon.
ELIZABETH GREEN HUNTS
Get to her with her name.
Many needs this info, good stuff.
Nice quote. Did you start yet?
It was the wig for me🤣🤣🤣 Thanks for the content!
*_Can confirm these are the steps to become financially free, Thanks MARK!._*
Good and straight talk! Becoming a fan 😁
Hi, thanks man. MT 😎
I think a very important lesson I learned that may help others is go at your own pace, it was really easy for me to get discouraged seeing people my age to be making more money then I was and I always would think I was the issue and that I wasn't trying hard enough and just really messed with my head. However if I compare myself today to myself three years ago, I have made tremendous progress that I should really be proud about
Thank you, I really love that comment
Thx u I needed dis
Thank you
Started off as a drifter, wasted my 20s and have now entered the dreamer stage with plans to become a doer. I wish I knew a lot of this early as it would have saved me a lot of grief, but you live and learn.
Also now with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I enjoyed this video so much! I feel like I’ve been told so many of the things you said in your video but none of them really made sense until now! You have a fun way of teaching and keeping someone locked in!
Also Taylor with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I wish they teach in school how to approach life once in the society. Handling finances, emotion, and so on. Now a days, school are so generalized that a lot from the new generation are having a hard time figuring out where they fit, how to fit, and what they are really capable of.
Completely agree. Honestly though, at least for me, I was not thinking about retirement at that age, so not sure it would have made any difference. But could have for some.
I think it is up to the parents to teach this, I plan on doing so with my kids.
Very well said
Mark always speaking the truth! I really like what he said about focusing on BUILDING WEALTH not cash flow when you’re starting. Great video!
Exactly. Yes cash flow helps when building wealth. But like he said 40 percent of Americans with 100k live pay check to pay check. I know a decent amount my self.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
The biggest problem with these steps is worrying about a great credit score/paying down huge debt. Contrary to popular belief, you can not only live comfortably without credit, it also supports healthy spending habits, which supports investing early and often. I havent checked my credit score in over 30 years and could care less what it is. It hasnt stopped me from owning multiple homes, land, & cars over that time. You dont need to "pay down high interest creditors/debt" if you dont fall victim to the credit trap in the first place. Pay cash or dont buy it, and dont buy it unless its a NEED, not a WANT, theres a big difference. Keeping up with the Joneses just puts you in debt like them and perpetuates the credit slavery cycle.
100% on point
You can have access to fast loans up to $95k with no physical collateral. Also save, spend, invest and earn up to 5X investment returns, all on one platform.
The true UK GANGSTER ! awesome videos
Almost there thanks for the help. 5 years left. Your videos are helpful man. If you put out a book let me know bud.
I’m getting big Nigel Powers vibes. Thanks for the great content :)
So happy someone else relates - I would love to hear him speak English English
Swear 😭
Lol true
Ahhhh thank u!
I really enjoyed the content.
My retirement plan is secured.
I have been making weekly payout from the stock markets after learning how to trade from my mentor.
Appreciate your advice while starting up a business for the first time, Mark! Been watching your videos a lot and your authenticity is just amazing. Any advice you can give, I'll absorb!
Also regarding that Matthew, you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
I have actually had the wrong goal! I thought 5% was conservative, so I used that to be on the safe side. So my goal was 2 million dollars, but now I need to up it to 2.5. Good that I watched your video now and not when I was ready to retire!
Never set a goal and you will find the true meaning of being “rich”. If you have the money and you want to spend it, go for it. More than likely the thing you are investing in is something that can help you live a better life or even continue to provide for yourself.
Happy to say I'm already following all these steps. Glad to hear my original plan is a solid one
Good video. Very similar lessons to Dave Ramsey and Robert Kiyosaki. I am now in my 40s and my family and I have a strong financial plan. I just wish I had had these kind of financial lessons 25 years ago. I fully intend to teach my kids these lessons. Financial freedom is achievable.
This is perfect. It's the process I've been taking. Great of you to put a guide out, I find it's accurate, and you're stories in between make it more personal. Thank you so much for this content. 😊
Hey im 13 and started investing under my parents name. After 3 months i MADE 100 DOLLARS!!!!!! now all i need to do is do what i did to make 1000 dollars 100 times. Thank you fror everthing you have done.
goodjob man, remember to take it easy on yourself and wishing you all the best on your succses in life
Careful you don't lose your parents" house. It might not be a easy or as predictable as your first experience led you to believe. Very worrying that you're putting your parents at risk like this.
@@SusanaXpeace2u as in they set the account up for me, not giving me money
Love this and a lot of your other videos that I’ve come across! New subscriber, let’s get this side hustle started in the new year and build financial freedom 👊🏻
wow this amazing...i need more course videos on this
Thank you sir!
I had a rough start.
Lived on the street.
Didn't start saving or thinking about the future until just a few years ago,
I'm now 36.
Also with spare finances you can save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
@@SandraKayeSmith no thank you!
In theory it sounds super exciting, but it’s pretty much stay away from personal debt, work 2 or 3 jobs invest extra into your retirement fund. Then when you can afford to play with the share market. Passive income like ecommerce and drop shipping is that over saturated you’ll never make money from it unless you are using an original idea that people will actually buy. And it’s pretty hard to come up with an original idea these days. But still great advice.
Yes the same old stuff that's been said a million times. The bit that's really gotten old though is the whole withdrawing 4% a year for the rest of your life, how the heck is that supposed to work now that we're seeing over 5% annual inflation?
I really don’t understand how people can happily live payceck to paycheck. I understand that for some people it’s the only way to get by but people who waste all their money and just wait till the next paycheck I can’t understand. It would stress me out so much knowing I didn’t have anything to fall back on if I lost my job or something
Comfort, and basic needs begin met. Their is science on it
Apparently you don't have kids that you have to send to college.
@@tunit8946 I’m in Scotland where tuition is paid for by the government but also I’m only 20 so not needing to worry about kids for a good few years 😂
The key word here being happily. Most of them aren't happy.
I have many friends who do exactly this and make great incomes. It’s because they’re always trying to keep up. Buy giant houses, boats, and other things they really don’t need. My husband and I live much more modestly and are quite happy that way. The other friends are always in competition with each other and massively in debt. We all have kids, so, yes, you can also live the way he describes with kids.
I just love this gentleman. He's awesome! I've watched a few of his videos and I get something out of each one. Thank you!
I’m 29 and don’t wanna keep working for the next 10 years I’ll start working n these things
Now, Mark is my favorite rich grandpa. He is not only rich of money but also rich of love, help, and passion.
Hi Mark, your videos made me start investing most of my money at 17. I've made over 14% in return in the last 8 months! Now I'm looking to get started into a side hustle!
Vanguard lifestyle strategy?
kicked off my investment journey give or take 8months ago too, I Had my share of ups and downs with stocks when I first started off, finally reached out to an advisor for help, following her recommendations, I dumped 30k all in NIO and NVDA shares and call options, Up 200k so far!!! retiring with no fears at all
What are you investing in I’m 16 and I thought you have to be 18 to invest
Finding your videos very helpful, currently saving for an asset (house) and currently putting away a nice sum a month away in the Vanguard S&P500, 32 years at 8 % (hopefully) for over a million for retirement 😎👍 started late (28) but hey better start now than never 😊 looking forward to seeing what other videos you'll be putting out 😎
You're putting away $600 a month?
If you reduced your expenses by 1000$ a month and invested it you could retire in half the time
Also save, spend, invest and earn up to 5X investment returns, all on one platform. You can have access to fast loans up to $95k with no physical collateral. I’m open for inquiries.
Great video, but alas i'm not in my 20's or even 30's. Any tips for a mid 40's father of 3 who works 60 hours per week? Keep up the good work sir.
Give up
Invest in etherium when it goes sub 2k or even low 2 thousands!
Prostitution
Similar situation here. I've done some number crunching and even investing a small amount monthly (£150) can amount to £125k in 25 years at around 7% return PA.
Warn younger men to not follow the same path you did and focus on building wealth first then family after
Thank you for inspiring me to retire early.. praying I will find my way through in becoming rich