Getting a head start by beginning to invest early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $3 million in three years with my advisor, Stacey Lee Decker.
@Charlie MeierPoint of correction friend it's not really ignorance but in as much that most people venture into the market heavily without any help to guide them through the process needed
Honestly speaking I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@@devereauxjnr I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.
@@user-3456rtu I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@loud9090 My advisor is NICOLE DESIREE SIMON , 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
@@user-3456rtu she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge/professional
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.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I wrote her pertaining my financial goals.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos
now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?
With a long-term goal of increasing the value of my investment portfolio to one million dollars, I look forward to these videos because they help me to identify and capitalize on any window of opportunity. Anyone have any suggestions for stocks that have the potential to triple or more their value in the short term?
It is necessary to conduct thorough due diligence and research in order to uncover the numerous opportunities available in the market. It is often beneficial to work with a FA because they are more adept and skilled when it comes to identifying high-performing stocks. They also have the ability to enter the market early and outperform the average investor in terms of profit margins and returns.
@@adamburrows5480 I used to be dismissive of the importance of financial advisors until I actually had to use one. saved me a great deal of stress, time, and workload, as well as allowing me to increase my profit margins.
@@evelynalbie8541 Well in a space of a year using a FA, I had a growth of roughly $470K, which was 2times more than I usually made investing on my own.
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds
My advisor is *Sharon Louise Count* she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field.
ya man exactly 😂 everybody out here whining about inflation but here I am, quietly saving away money now and changed a few habits…I love these videos they keep me going
@@CosmicHarmony58 I noticed that. When my first big job came I definitely had lifestyle inflation for 2 years. Then after I went to my second big job change “more money”. I didn’t let the creep up happen. My savings has blossomed just because I actively throw money to my savings prior to my bills. I know roughly what I can throw into it so I just do it so after bills I tell myself I have no money to spend. Even tho my savings clearly doesn’t paint that picture.
When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech, and Health.
The best strategy to use in trading stock is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed than luck when it comes to the stock market.
@@danieljamal3709 I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced to meet up my target
@@georgecooper8750 My consultant is CHRISTINE LYNN SAITTA I found her on a BBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care about supervision. I follow her trade pattern and haven’t regretted doing so
@@danieljamal3709 I just looked up this person out of curiosity, and surprisingly she seems proficient. I thought this was just some overrated BS, I appreciate this.
Superb content. Saving is not so easy especially when you always have needs for the money, best to multiply your sources of income via stocks and the foreign exchange market so as to have enough to always save.
You make it sound so easy, trust me I’ve been on the trade market for a while now and I can tell you even following videos and tutorials its not so easy profiting off of it.
Indeed on a maret broad as well complicated as that of stocks, the financial market in general, the call for not just a pro but one licensed to do so is necessary.
This was a wonderful and very much needed piece! Young people must understand that saving is not enough. It's a good start, but given the way the economy is going, you have to do better. Investing that saved money is a must and diversifying your investments so you have multiple streams is key. Of course, you have to be well informed on where you put your money or better still, get an expert to handle it for you (that way, you save time and minimize risks). Made my first million this way earlier this year from investing my savings something as casual as stocks. Goodluck!
...Very sound and realistic though not quite as easy... You mentioned using pros, if its not a problem. do you mind telling if you used one or recommending a good one? I could definitely use the help of one as my finances are currently a mess... I look forward to you replying...
@@Mrcarlson_E Nobody said it was easy as it takes some level of decisiveness and discipline. Yes I used, even Buffett uses 1 or more. I don't know if I am permitted to go into details here, but you could look up "Stephen Joseph Kohlhofer". I'm not so sure he takes on new people right now, but you could try.
@@dannywalters958 wow I know this smallish man. Once attended a fundraiser he was also in attendance here in Vancouver,, Great speaker with a funny accent,, He's in the States though, I doubt he works with non residents,,,
Let's just say I'm getting there because life has taught me a lot, I lost my job as head of my department and decided sourcing other income means without working everyday then I put $ 10k into Stock options and forex trading which has been giving me close to 12 k monthly all it takes is one shift and everything will be alright
I keep loosing more capital in the race to getting back my lost profits and it's really discouraging. How can I make good returns from trading & investing in crypto assets? I know it is very lucrative at this time
I reached my first 100k when I was 25. One of the reasons I mad it so fast was because I did NOT put any money into a 401k. That money is going to be taxed eventually anyway and I'm not going to spend that much when I'm old. I'm fully confident that social security, a part time job, inheritance, and income from assets that I make from investing at an early age rather then putting it all in a 401k will be sufficient enough for me when I'm old.
My biggest mistake was buying a new car, though it was economical, otherwise I would have already achieved $100k by now. Buying a new car cost more due to interest and insurance. Never again will I buy a new car, it is just a material illusion that you think you would get women with a new car or even clothes.
The toughest part of saving up your first $100k is having a real job. The problem for many is that real jobs are drying up and/or are precarious and a layoff is always possible.
@@ChrisInvests Dude what do you mean? Ok I don't know what world you live in but income for many is the most important wealth building tool. SO NOT PEOPLE NEED OK ENOUGH PAYING JOBS PERIOD!!! Now each persons situation is different but the basics of what needs to happen is similar...
@@ChrisInvestsI’m not disagreeing just curious, could you give some examples? Currently work 50-55 manual labor and would definitely want to ease up on those hours if possible lol
"The first $100,000 is 'difficult', but you gotta do it. I don’t care what you have to do - if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit." Charlie Munger
The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do - if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit. Uncensored version
I've recently bought more things. Putting money away for a market downturn is also a bad idea. We can look at recessions and depressions from a variety of perspectives, we can't always expect to get large returns, and taking chances is better than doing nothing. In the end, you will achieve exceptional results by diversifying your portfolio and making informed decisions. My portfolio's raw earnings rose by $608k in just 5 months.
Despite my confidence in your advice, my recent stock purchases, and the fact that I am an AMC shareholder, I haven't been able to accumulate anything. I had already been in the hole for too long prior to the downturn. What's the investing procedure?
I do not have a single fund that I invest in because I have a range of jobs. I certainly don't behave that way. I model my behavior after that of Stacey Lee Decker, a seasoned financial counsellor licensed by the US Securities and Exchange Commission (SEC). Since then, my returns have risen swiftly in contrast to the IRA's gradual development. What I have is only used by her trades, not by a few really niche businesses.
That's amazing! I want to talk to her if she is this talented and possesses A-list skills. I continue to lose 20% of the time even when I clone transactions using a MAM account as well. Where do I find her contact details?
I have to agree. I have regret about this very thing since I was hired onto my current job. If I would have saved my take home from the last 5 years, I would have had like $150k and after taxes, probably $100k. But then I think about the credit card debt I was in, my student loans, utilities, and property taxes I had to pay. Then it brings me back into reality of why I could not.
In hindsight, I should have stayed at home with my folks for 5 years (right outta college). I could have paid them $450 each month, and banked/invested. In reality, I only stayed home for the first year; it was still a tremendous Help! I remember banking $1,500 per month! For a 22 year old kid... that was crazy 🤣🤣 Oh well... don't be too hard on yourself.
I let all my credit card and medical debts go to collection agencies, then settled the debts with them for on average 60% less than I actually owed. Largest was a $6,000 credit card debt settled and paid just $2,500. Credit score took a hit but it was well worth it in terms of monetary value.
I don’t think you should beat yourself up on this. Learning this stuff takes discipline, wisdom and going against the grain here. Most people you learn from have credit card debt, car debt and some other stupid debts for things they couldn’t afford. It leads one to think this is “normal”. To which that may be true but so also not building a retirement.
@@HughJass-jv2lt I am 40, about to turn 41 and just recently moved back to my old room at my parents house ( pretty big room actually), I pay them rent, half what I was paying and invest the rest. I moved back in mostly cause I could not find a decent place to rent in the area. When I had debt, I felt like a looser if I had go back home with my parents but now days, I could not care less if the neighbors think I had to come back home because I failed in life etc. ( that is how I felt back then ). My point here is for other to check if there is a psychological barrier keeping them from going back to their parents to save on costs.
I’ve got my first $6,000 invested now, added to it every month. At least 1k/month is my goal, keeping my cost average down and using a 70/20/5/5% stocks/ETFs/crypto/cash strategy. Hopefully it works out, I’m also trying to buy half growth/ half dividend stocks and reinvesting it. I actually have a whole excel spreadsheet to track what my portfolio looks vs what I plan it to be, I’m actually planning on having investments in about 40 different companies, making sure it’s split into different sectors. I’m not to sure what else I could do to better my plan out but Im in it for the long haul, 25-35 years to retirement hopefully sooner…
That means in order to earn $100k yearly you would need to earn$25k every four quarterly personally I would prefer to earn $200k yearly so I would have to earn$50k every four quarterly so that way I could have a better life and every year when tax season comes I could walk away with more money in my pockets like one hundred and something thousand dollars yearly and do more
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.
I think a Good T/A like her will pay off more than random u-tube videos,a lot of UA-camrs don’t actually care if you loose money, they just want more views and traffic!,
Loving these videos. I have been interested in the markets and investing since I was 12 years old. I’ve always loved the idea of having your money work for you. Building wealth is a discipline and a lifestyle.
The first $10k is the hardest, I cruised to $100k and now over $200k in the past 5 years but the first $10k in liquid cash savings also took almost 5 years. Working minimum wage fresh out of high school it was a pain to save up even $20/day but I did it.
The point of the first 100k being the hardest is because of the comparatively low dollar value of compounding and the fact that the vast majority of of the sum is via personal contributions.
The only thing I’m going to say is with number 6 do not reinvest all of your money diversify your portfolio with a couple not a lot but a couple of different dividend paying stocks preferably 4-5 and reinvest the one that pays you the most and for the rest of them take the money in cash and let the dividends build your account up And once the value of that stock is above your dollar cost average stop reinvesting because if you keep reinvesting and the cost of that stock is higher and your stock is in profit that is then going to boost your dollar cost average so then once the stock fall and enters a bear market you are going to lose basically all the money that you earned from dividends if not a significant amount Only reinvest if that particular stock is below where you entered not above
Reduce housing costs? Try living in an rv for 7 years. Whoopi, but it has been a tough life. Especially because I don't have a fancy rv like the Google employees near hwy 101.
Mans title is make 100k quick. Spends the first half of the video talking about good retirement options. Yes they are great, but again not quick. Not the point of the video at all.
Personally I rather make it easier on myself to invest enough to make $5k a month then flip it to $10k a month three months later then $20k finally flip it to $40k to $80k then make it $20k more in order to make $100k a month or a year either way works for me.
Rental Real estate provides leveraged growth and income investment. Find properties you can buy with positive net cashflow. and low downpayment. Leverage will increase your net worth fast and the positive cash flow will provide income with tax benefits. Over time, you will be able to acquire more properties, diversify, etc.
Fidelity’s S&P index fund (FXAIX) does NOT charge a 0.09% expense ratio… wtf!? FXAIX has a 0.015% expense ratio, which is competitively low! Where are you getting that number?
If your going to use someone else's quotes at least put their name in there. Specifically the beginning quote about the first 100k being the hardest..which was first said by Charlie Munger
Hey man I really enjoyed this video and agree with all your points in the video. I also do personal finance and investing videos. Hope one day maybe we could meet up!
Great video. I'm still trying to decide if I should buy a reasonably nice home that I can afford, or a cheap condo that will allow me to invest the bulk of the down payment in the stock market and make larger contributions. Also, you may want to prune the comments section which is infested with the usual scams promising thousands of dollars in monthly income if you just give this UNBELIEVABLY AMAZING crypto trader your money.
Question wouldn't it be easier to pick twelve monthly stocks dividends companies and invest enough from each of them to make $2,500.00 make $30k then three months later flip it to $60k then flip it to $120k or pick twenty stocks dividends make $2,500.00 a month that's $50k a month or quarterly a year then flip it to $100k .
I am still watching the video but just had to post this right now. #7.... its just not good investment advice to tell people to "earn more", no matter how it is worded. I will paraphrase #7 - "Have more money so that you have more money"
I have an employer match 401K that has steadily going down since march of last year. How can I fix this ? It’s really discouraging seeing how much money goes into it vs the out come
@@ChrisInvests ok I’ll try that last time I talked to them they were real vague with there words I trust the process and I get the market is down it just seems like it was dropping before the market went down
This sounds like advice strictly for people in crypto or the stock market. Not exactly for earning 100,000 think this should be a little more specific.
This is a great video, i learn alot watching your videos and it has been helpful to me. Trading crypto 💵 is quite difficult for newbies. Thanks to Amanda Beth McLean for improving my portfolio, keep up with good videos.
If you think your income is low, the only way you can increase your income is to update yourself with high income skills. Then you can get paid more ... a fellow creator !!!
I've traded with a lot of individuals but have never come across anyone as good as Mrs Walls , just by applying his new strategies I now trade independently. He's the best I can advise any novice investing to trade with him
Sə postignav za 2022 godina no nedobiv za moeto znane niwto ni za Koplikacia ako postoj newto pratete go vo komercialna baka za danho Vrboski od prilep Severna Makedonija na katihka tamy mise sete dosia
when are we supposed to start using the money? After 30 years? When I turn 60? Don't get me wrong, I'm already doing this, but the thought of me enjoying the money at that age makes me uncomfortable
Once you have enough. Sp500 average 10% a year so if your eatly spending 20k oncr you have 250-300k portfolio you csn live off it and still grow it overtime.
@@elka7823 I guess that's feasible. But I can only save 200/month. So that's 41 years without taking into consideration the returns reinvested. Let's say reinvestments + growth will lower that time frame will be reduced to 25-30 years
Every time we receive a raise. THE GOVERNMENT responds by raining inflation by 0.30% on all goods. Ensuring everything you take one step forward they push you BACK 20 steps. Never passing go other than back tracking by it.
Getting a head start by beginning to invest early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimize risks and maximize profits, generating around $3 million in three years with my advisor, Stacey Lee Decker.
With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.
Stupendous advice on crypto and passive. Tells it like it is,honest opinion. Only promoting what is working in the market
How can one generate a successful tips that can be of Good assistance to be financially free thinking
@Charlie MeierPoint of correction friend it's not really ignorance but in as much that most people venture into the market heavily without any help to guide them through the process needed
Honestly speaking I do see it that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
Tried trading severally myself but seems not working
Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 15 months and l've accumulated over $700K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@@devereauxjnr I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.
@@user-3456rtu I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@@loud9090 My advisor is NICOLE DESIREE SIMON , 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
@@user-3456rtu she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge/professional
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.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
There are a lot of independent advisors you might look into. But i work with Carol Pasol Lewis and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I wrote her pertaining my financial goals.
Step 1. Save $1000
Step 2. Do that another 99 times.
Done 🎉
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos
now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?
search her name on the internet to reach her
With a long-term goal of increasing the value of my investment portfolio to one million dollars, I look forward to these videos because they help me to identify and capitalize on any window of opportunity. Anyone have any suggestions for stocks that have the potential to triple or more their value in the short term?
Yes, that would be noteworthy, wouldn't it?
It is necessary to conduct thorough due diligence and research in order to uncover the numerous opportunities available in the market. It is often beneficial to work with a FA because they are more adept and skilled when it comes to identifying high-performing stocks. They also have the ability to enter the market early and outperform the average investor in terms of profit margins and returns.
@@adamburrows5480 I used to be dismissive of the importance of financial advisors until I actually had to use one. saved me a great deal of stress, time, and workload, as well as allowing me to increase my profit margins.
@@rahulfuller9476 In regards to profit, what were the changes like?
@@evelynalbie8541 Well in a space of a year using a FA, I had a growth of roughly $470K, which was 2times more than I usually made investing on my own.
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds
Pls who is this coach that guides you? I’m in dire need of one
My advisor is *Sharon Louise Count* she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing
Im taking the 100k Challenge. I started 3 weeks ago and I already saved 10k.
I love what you said about “avoid lifestyle inflation.” We cannot control the real inflation in our life, but we can control how we spend our money!
ya man exactly 😂 everybody out here whining about inflation but here I am, quietly saving away money now and changed a few habits…I love these videos they keep me going
@@CosmicHarmony58 I noticed that. When my first big job came I definitely had lifestyle inflation for 2 years. Then after I went to my second big job change “more money”. I didn’t let the creep up happen. My savings has blossomed just because I actively throw money to my savings prior to my bills. I know roughly what I can throw into it so I just do it so after bills I tell myself I have no money to spend. Even tho my savings clearly doesn’t paint that picture.
When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech, and Health.
The best strategy to use in trading stock is to trade with a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed than luck when it comes to the stock market.
@@danieljamal3709 I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced to meet up my target
@@georgecooper8750 My consultant is CHRISTINE LYNN SAITTA I found her on a BBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care about supervision. I follow her trade pattern and haven’t regretted doing so
@@danieljamal3709 thanks for the info. Found her website and it was really impressive
@@danieljamal3709 I just looked up this person out of curiosity, and surprisingly she seems proficient. I thought this was just some overrated BS, I appreciate this.
Superb content.
Saving is not so easy especially when you always have needs for the money, best to multiply your sources of income via stocks and the foreign exchange market so as to have enough to always save.
You make it sound so easy, trust me I’ve been on the trade market for a while now and I can tell you even following videos and tutorials its not so easy profiting off of it.
A common mistake made by so many traders, getting into a market so complicated with little or no idea of how to do it relying on tutorial videos.
I have my investments handled by a licensed IA ‘ JRonald Jack, his analysis and method has given birth to very lucrative outcomes on my trades.
Indeed on a maret broad as well complicated as that of stocks, the financial market in general, the call for not just a pro but one licensed to do so is necessary.
definitely not the first time coming across this name, JRonald Jack, How do you get to him?
This was a wonderful and very much needed piece! Young people must understand that saving is not enough. It's a good start, but given the way the economy is going, you have to do better. Investing that saved money is a must and diversifying your investments so you have multiple streams is key. Of course, you have to be well informed on where you put your money or better still, get an expert to handle it for you (that way, you save time and minimize risks). Made my first million this way earlier this year from investing my savings something as casual as stocks. Goodluck!
...Very sound and realistic though not quite as easy... You mentioned using
pros, if its not a problem. do you mind telling if you used one or recommending a good one? I could definitely use the help of one as my finances are currently a mess... I look forward to you
replying...
real solid talk right there
@@Mrcarlson_E Nobody said it was easy as it takes some level of decisiveness and discipline. Yes I used, even Buffett uses 1 or more. I don't know if I am permitted to go into details here, but you could look up "Stephen Joseph Kohlhofer". I'm not so sure he takes on new people right now, but you could try.
@@dannywalters958 wow I know this smallish man. Once attended a fundraiser he was also in attendance here in Vancouver,, Great speaker with a funny accent,, He's in the States though, I
doubt he works with non residents,,,
@@dannywalters958 Thank you...
Let's just say I'm getting there because life has taught me a lot, I lost my job as head of my department and decided sourcing other income means without working everyday then I put $ 10k into Stock options and forex trading which has been giving me close to 12 k monthly all it takes is one shift and everything will be alright
Nice although this isn't saving but investing and at most a very profitable, kudos to your efforts and are you trading by yourself?
Can I start with lower like $ 5k, how much can I make from that and will you be kind enough to show me how to trade
@@jidaloida106 I don't trade myself, I do this through my broker / IA Mr Benjamin ravies if you want he could help you too
Benjamin ravies(a)Gmai
Lcom... he takes commissions
@@margarettasanjay2718 Thank you very much dear, I will message him now
I keep loosing more capital in the race to getting back my lost profits and it's really discouraging. How can I make good returns from trading & investing in crypto assets? I know it is very lucrative at this time
Facing the same issues for a while now and I can’t get myself to quit at this time. I really need help on this
Get a professional, that will go a long way to earn more. That’s all I can say
@@hibachi8832 Do you have a recommendation? I’m seriously considering this but haven’t seen a reliable one yet
*Mr. Ryan Micheal Haiss.* he’s reputably one of the few professionals around, look him up 0n
*IG*
I reached my first 100k when I was 25. One of the reasons I mad it so fast was because I did NOT put any money into a 401k. That money is going to be taxed eventually anyway and I'm not going to spend that much when I'm old. I'm fully confident that social security, a part time job, inheritance, and income from assets that I make from investing at an early age rather then putting it all in a 401k will be sufficient enough for me when I'm old.
My biggest mistake was buying a new car, though it was economical, otherwise I would have already achieved $100k by now. Buying a new car cost more due to interest and insurance. Never again will I buy a new car, it is just a material illusion that you think you would get women with a new car or even clothes.
the biggest trap fam, but now you know
The toughest part of saving up your first $100k is having a real job. The problem for many is that real jobs are drying up and/or are precarious and a layoff is always possible.
Don't need a "real job"...there are plenty of opportunities doing something else
@@ChrisInvests Dude what do you mean? Ok I don't know what world you live in but income for many is the most important wealth building tool. SO NOT PEOPLE NEED OK ENOUGH PAYING JOBS PERIOD!!! Now each persons situation is different but the basics of what needs to happen is similar...
@@donaldlyons17 huh? I'm just saying you don't need a "traditional" job. There are plenty of ways to make great money.
@@ChrisInvestsI’m not disagreeing just curious, could you give some examples? Currently work 50-55 manual labor and would definitely want to ease up on those hours if possible lol
@@nickturnbull3978 social media management is a good one or UA-cam, TikTok
"The first $100,000 is 'difficult', but you gotta do it. I don’t care what you have to do - if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit." Charlie Munger
Thank you
The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do - if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit.
Uncensored version
Once I was able to pay off my condo, my entire financial picture changed. That's the reason the second 100K takes a fraction of the time to build.
I've recently bought more things. Putting money away for a market downturn is also a bad idea. We can look at recessions and depressions from a variety of perspectives, we can't always expect to get large returns, and taking chances is better than doing nothing. In the end, you will achieve exceptional results by diversifying your portfolio and making informed decisions. My portfolio's raw earnings rose by $608k in just 5 months.
Despite my confidence in your advice, my recent stock purchases, and the fact that I am an AMC shareholder, I haven't been able to accumulate anything. I had already been in the hole for too long prior to the downturn. What's the investing procedure?
I do not have a single fund that I invest in because I have a range of jobs. I certainly don't behave that way. I model my behavior after that of Stacey Lee Decker, a seasoned financial counsellor licensed by the US Securities and Exchange Commission (SEC). Since then, my returns have risen swiftly in contrast to the IRA's gradual development. What I have is only used by her trades, not by a few really niche businesses.
That's amazing! I want to talk to her if she is this talented and possesses A-list skills. I continue to lose 20% of the time even when I clone transactions using a MAM account as well. Where do I find her contact details?
@@AleksanderNowak- You may look her up online and confirm her for yourself. She has extensive knowledge of the financial markets.
I have to agree. I have regret about this very thing since I was hired onto my current job. If I would have saved my take home from the last 5 years, I would have had like $150k and after taxes, probably $100k. But then I think about the credit card debt I was in, my student loans, utilities, and property taxes I had to pay. Then it brings me back into reality of why I could not.
In hindsight,
I should have stayed at home with my folks for 5 years (right outta college).
I could have paid them $450 each month, and banked/invested.
In reality, I only stayed home for the first year; it was still a tremendous Help! I remember banking $1,500 per month! For a 22 year old kid... that was crazy 🤣🤣
Oh well... don't be too hard on yourself.
I let all my credit card and medical debts go to collection agencies, then settled the debts with them for on average 60% less than I actually owed. Largest was a $6,000 credit card debt settled and paid just $2,500. Credit score took a hit but it was well worth it in terms of monetary value.
I don’t think you should beat yourself up on this. Learning this stuff takes discipline, wisdom and going against the grain here. Most people you learn from have credit card debt, car debt and some other stupid debts for things they couldn’t afford. It leads one to think this is “normal”. To which that may be true but so also not building a retirement.
@@HughJass-jv2lt I am 40, about to turn 41 and just recently moved back to my old room at my parents house ( pretty big room actually), I pay them rent, half what I was paying and invest the rest. I moved back in mostly cause I could not find a decent place to rent in the area. When I had debt, I felt like a looser if I had go back home with my parents but now days, I could not care less if the neighbors think I had to come back home because I failed in life etc. ( that is how I felt back then ). My point here is for other to check if there is a psychological barrier keeping them from going back to their parents to save on costs.
you need to deflate your lifestyle.
I’ve got my first $6,000 invested now, added to it every month. At least 1k/month is my goal, keeping my cost average down and using a 70/20/5/5% stocks/ETFs/crypto/cash strategy. Hopefully it works out, I’m also trying to buy half growth/ half dividend stocks and reinvesting it. I actually have a whole excel spreadsheet to track what my portfolio looks vs what I plan it to be, I’m actually planning on having investments in about 40 different companies, making sure it’s split into different sectors. I’m not to sure what else I could do to better my plan out but Im in it for the long haul, 25-35 years to retirement hopefully sooner…
That is a great investment strategy great work
Great job!
@@ChrisInvests thank you!
Open an account with M1 Finance using this link and get a $10 bonus: m1.finance/1JiMItjP-G12
That means in order to earn $100k yearly you would need to earn$25k every four quarterly personally I would prefer to earn $200k yearly so I would have to earn$50k every four quarterly so that way I could have a better life and every year when tax season comes I could walk away with more money in my pockets like one hundred and something thousand dollars yearly and do more
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.
You have to have an idea on what you wanna invest in carefully before going in..
Well Eliana reputation already speaks for her last month i invested over $100,000 with her and I've already made over $250,000 profit..
Elianabk is the name.
@@bigog4559 This lady right here,I tradr with her she’s inventive and the P.O.T are no jokes, I won’t look awestricken u made mention of her,
I think a Good T/A like her will pay off more than random u-tube videos,a lot of UA-camrs don’t actually care if you loose money, they just want more views and traffic!,
Don't disable comments please 🥺
It's worth adding that value stocks (especially small cap value stocks) outperform growth stocks in the long run.
Loving these videos. I have been interested in the markets and investing since I was 12 years old. I’ve always loved the idea of having your money work for you. Building wealth is a discipline and a lifestyle.
I’ll have that by the end of this year. By end of next year. I’ll have 175k hopefully. Then I’ll be buying businesses to grow my assets
Thanks for watching, send a msg the number above I have a great offer for you⬆️💯
The first $10k is the hardest, I cruised to $100k and now over $200k in the past 5 years but the first $10k in liquid cash savings also took almost 5 years. Working minimum wage fresh out of high school it was a pain to save up even $20/day but I did it.
The point of the first 100k being the hardest is because of the comparatively low dollar value of compounding and the fact that the vast majority of of the sum is via personal contributions.
Glad things are accelerating for you!
The only thing I’m going to say is with number 6 do not reinvest all of your money diversify your portfolio with a couple not a lot but a couple of different dividend paying stocks preferably 4-5 and reinvest the one that pays you the most and for the rest of them take the money in cash and let the dividends build your account up
And once the value of that stock is above your dollar cost average stop reinvesting because if you keep reinvesting and the cost of that stock is higher and your stock is in profit that is then going to boost your dollar cost average so then once the stock fall and enters a bear market you are going to lose basically all the money that you earned from dividends if not a significant amount
Only reinvest if that particular stock is below where you entered not above
“$100,000 in one year,” the thumbnails are always deceiving. Reminder to self to disregard thumbnails, and read the title instead.
Nice Segment this week!
❤❤
_much better than last week's upload..._
🤣🤣
You killed it again Chris! Great video
Thanks for watching, Tyler 😁
Love your video so much. Regards from Malaysia
Thanks for watching 😁
Im gonna need the "how to make 100k vid" first
🤔
Idk why I just get excited when u upload
Thanks for watching, send a msg the number above I have a great offer for you👆🏻👆🏻
Reduce housing costs? Try living in an rv for 7 years. Whoopi, but it has been a tough life. Especially because I don't have a fancy rv like the Google employees near hwy 101.
Mans title is make 100k quick. Spends the first half of the video talking about good retirement options. Yes they are great, but again not quick. Not the point of the video at all.
Thanks for the comment
i am stuck at 25000$ still gathering stocks pouring money but doesn't go up..
i am so so depressed lol
This is not a growth year. Next year might not be either. But over ten years stocks pay out handsomely.
Personally I rather make it easier on myself to invest enough to make $5k a month then flip it to $10k a month three months later then $20k finally flip it to $40k to $80k then make it $20k more in order to make $100k a month or a year either way works for me.
This was exactly what I was looking for!
Rental Real estate provides leveraged growth and income investment. Find properties you can buy with positive net cashflow. and low downpayment. Leverage will increase your net worth fast and the positive cash flow will provide income with tax benefits.
Over time, you will be able to acquire more properties, diversify, etc.
Fidelity’s S&P index fund (FXAIX) does NOT charge a 0.09% expense ratio… wtf!? FXAIX has a 0.015% expense ratio, which is competitively low! Where are you getting that number?
If your going to use someone else's quotes at least put their name in there. Specifically the beginning quote about the first 100k being the hardest..which was first said by Charlie Munger
The ER on FXAIX is .015%, not .09%.
Hey man I really enjoyed this video and agree with all your points in the video. I also do personal finance and investing videos. Hope one day maybe we could meet up!
Thanks for watching, send a msg the number above I have a great offer for you⬆️☎️
Great video. I'm still trying to decide if I should buy a reasonably nice home that I can afford, or a cheap condo that will allow me to invest the bulk of the down payment in the stock market and make larger contributions.
Also, you may want to prune the comments section which is infested with the usual scams promising thousands of dollars in monthly income if you just give this UNBELIEVABLY AMAZING crypto trader your money.
You mean to tell me I can’t make $1 Mil in a year by doing one simple trick
Make sure you report them as spam when ever you see them!
What did you ended up doing? I’d get the cheapest house I can and manage it easily.
What's the best stocks are shares ? Great video thanks
Thanks for watching 👍
Question wouldn't it be easier to pick twelve monthly stocks dividends companies and invest enough from each of them to make $2,500.00 make $30k then three months later flip it to $60k then flip it to $120k or pick twenty stocks dividends make $2,500.00 a month that's $50k a month or quarterly a year then flip it to $100k .
What do you mean by "flip it"?
@@ChrisInvests I mean buy more shares the same amount of shares to make Twice more
At 4:30 Did he say "OVER THE PAST 100 YEARS?" when talking about the S&P500? I don't think it's been in existence that long has it?
The index traces back to the 1920s
That’s why the bridges in your country collapse and the roads are terrible to drive on. It’s because no one is paying tax (or pay minimum tax).
Ok
Like where?
Is the Tax Plan applicable only to the US citizen and people living in the US?
I wouldn't think so
Where are you getting 0.9% for Fidelity S&P Index Fund? FXAIX is 0.015%
Number 2 is a quiet killer for a lot people.
It really is
Easy, have you just tried making 100k a year? You'll save that 100k easily
I am still watching the video but just had to post this right now. #7.... its just not good investment advice to tell people to "earn more", no matter how it is worded. I will paraphrase #7 -
"Have more money so that you have more money"
how can i save 100k in a year i just make 300k a year problem solved thanks for the video.
*the first $1,000 is the mission 😂😂😂
The first $100,000 is only the hardest in a market like this 😂
Right 😂
It took me 9 years to reach 100K in my IRA
I have an employer match 401K that has steadily going down since march of last year. How can I fix this ? It’s really discouraging seeing how much money goes into it vs the out come
Do you know what you're investing in?
@@ChrisInvests no sir Fidelety manages the 401K.
@@leebo92_38 I'd suggest finding out exactly what you're invested in and what other options you have
@@ChrisInvests ok I’ll try that last time I talked to them they were real vague with there words I trust the process and I get the market is down it just seems like it was dropping before the market went down
Can’t wait to save my first 100k in one year on 30k annual
🤔
Invest in your marketable skills first then
I need the money to become a pilot!
Don't buy crypto if you want to reach 100K in 20 years.
Earn $100k more than your living expenses. Got it.
Thanks for watching, send a msg the number above I have a great offer for you⬆️⬆️⬆️
Only in US.
What about taxes
This sounds like advice strictly for people in crypto or the stock market. Not exactly for earning 100,000 think this should be a little more specific.
I'm going to do another video geared more towards that
What is a 401k and IRA
They're types of retirement accounts in the U.S.
Good lord dude, so many of your comments are crypto "advisor" spam.
It's ridiculous 🤦♂️
How can I reach your Trader, Carl Jiang? I need help.
@@veronicai.c.5484 < Reach him VlA Te le gr am > Cajia7
@@dr.baloghmaria2858Thank you for sharing his contact, I will reach him right away.👍
Mr Carl Jiang daily signals has been so profitable….. I am also looking forward to another successful month.
I stack-up more coin every time the market dips.
Lots of spam in the comments, don't get dragged in people!
Fristly, make more than $100k net salary
Your first X dollars will come faster than your next X assuming your investments and returns are consistent.
Thanks for watching, send a msg the number above I have a great offer for you⬆️☎️
Hey Chris are you doing private financial advising?
No but if you have any questions I'll do my best to help you out!
Is there an email to contact you directly?
@@peaceandfood7952 yes it's on my about page
@@ChrisInvests I checked I couldn't find it
@@peaceandfood7952 I don't know where it went but you can email me at chrisdrives8888@gmail.com
Is every comment a scam bot? Sad what UA-cam has come to.
pretty misleading title. i would not say those 10 tips cause anyone to save $100K fast. faster than most? yes. but not fast.
Depends on your definition of fast I guess
This is a great video, i learn alot watching your videos and it has been helpful to me. Trading crypto 💵 is quite difficult for newbies. Thanks to Amanda Beth McLean for improving my portfolio, keep up with good videos.
I’m surprised you know her too. I’ve been making alot of profits investing with her for a few months now.
Mrs Amanda Beth changed my life because of the huge profits I got from investing with her.
You invest with Mrs Amanda Beth too? wow that woman has been a blessing to me and my family.
I’m new at this, how can I reach your broker?
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
If you think your income is low, the only way you can increase your income is to update yourself with high income skills. Then you can get paid more ... a fellow creator !!!
first 100 K is the Hardest
Your just telling people what's already on google.. nothing new
Why is there so many ad bots
🤷♂️ annoying for sure
lol all the scam fishing in the comments.
avoid living above ur means and do whatever y have to do. includes unethical things like selling marijuana
Click bait
my life is totally changed. I've been earning $10,250 returns from my $4,000 Investment every 13 days😊
I've traded with a lot of individuals but
have never come across anyone as good as
Mrs Walls , just by applying his
new strategies I now trade independently. He's the best I can advise any novice investing to trade with him
I heard a lot of investing with Mr Donald and how good he is, please how safe are the profit?
@@andyalfred1647 I trade with him, The profit are secured and over a 100% return on investment directly sent to your wallet.
I also trade with him, Big thanks to Mr Walls for what he did for my family and I 🙏🤗
He's a professional with a great heart, Yes because he helps people invest and earn more not to make money but to better lives.
why is the second recent video made for kids?
It was a mistake 😬
@@ChrisInvests it's now fixed 👍
Damn so many bots
🙏🏾
Sə postignav za 2022 godina no nedobiv za moeto znane niwto ni za Koplikacia ako postoj newto pratete go vo komercialna baka za danho Vrboski od prilep Severna Makedonija na katihka tamy mise sete dosia
when are we supposed to start using the money? After 30 years? When I turn 60? Don't get me wrong, I'm already doing this, but the thought of me enjoying the money at that age makes me uncomfortable
Once you have enough. Sp500 average 10% a year so if your eatly spending 20k oncr you have 250-300k portfolio you csn live off it and still grow it overtime.
@@elka7823 living in a poor Eastern European country with most wages being around 600 euros/month doesn't help much 😂
@@comedyman112 wym? You telling me you cant save 200k? 600month/12months thats only 8000£ a year so invest 100k and you will be set.
@@elka7823 I guess that's feasible. But I can only save 200/month. So that's 41 years without taking into consideration the returns reinvested. Let's say reinvestments + growth will lower that time frame will be reduced to 25-30 years
@@comedyman112 do over time. Find a better job.
Make 200 000
😬
👍
Yey
Thanks for watching, send a msg the number above I have a great offer for you
Every time we receive a raise. THE GOVERNMENT responds by raining inflation by 0.30% on all goods. Ensuring everything you take one step forward they push you BACK 20 steps. Never passing go other than back tracking by it.
Thanks for watching, send a msg the number above I have a great offer for you
inflation is a broader economic issue when demand > supply. The Central Bank raises interest rates to decrease demand.
First
But no 1 cares🥲
Thanks for watching 😁
Sell drugs