Just recently got laid off and it feels like i'm beginning from the scratch, i have been researching on investing and I came across an investor on an internet radio who mentioned making well over $450,000 in 3months with an investment of $230,000 I'm a beginner and i really would appreciate any insight or clue on how to make good results
As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financial consultant and within 2 years, I have owned 2homes in the United states and car dealership all with the an investment capital of $150,000 so it is best to invest with the help of a professional.
@@mikecuban6557 I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one that knows what he is doing. how can i get in touch with yours?
@@kasecoleman4936 I invest with the guidance of Lisa Jill Grenell, I came across her on an investment webinar, just search her name online to know more about her and you can also reach her online.
For me, "financial freedom" means you no longer need to worry about money. It has less to do with how much money you have, but rather, how much you owe. I retired in 2016 debt free. Being debt free allowed me to achieve "financial freedom" at a much lower income than you might think. Being debt free is the key to getting to the point where you don't worry about money. Being able to do what I want without money worries is priceless. Being debt free does that for me. I could not even tell you what my "net worth" is. Why? Because I don't care. I owe nothing and I want for nothing. It just doesn't get any better than that.
@@ChrisInvests It's not so much about being "content", it more about understanding the money is not the most important thing in life. Time is. Being able to retire early without any money worries allows me to enjoy life because I get more of it to use on enjoyment.
There wont be a „no more worry about Money“. Even with $1bn, a national Crisis with Hyperinflation Van half your Money every year. Making you poor After 5 years.
I am at level 5 (building towards 6) right now. Being poor and worrying about money sucks. It’s okay to honestly live in a smaller apartment in a relatively cheaper area( as long as it’s safe) if it means you can live financially free and possibly leave something for you children, as much as it may be.
28 and I'm about a level 3. Aside from 2 vacations a year, I live as if I'm on level 1. I don't see a point in changing my lifestyle until I'm at least a level 7. I get more joy watching my portfolio grow than I do from conventional things.
I think level 6 with 1mm on investment, house paid and social security pension plus military retirement, and 36 months emergency funds...owned condo near the beach..rent boat and travel business class is good enough for me..healthy is outstanding..
Im 23 and I feel behind given that I would only be at level 1. I am a recently graduated Systems and Computation engineer, i do not have any kind of debt since ive been winning scholarships for every semester I took. I only have like 1 thousand saved as an emergency fund but is growing very slowly.
I'm 30, debt free my entire life until last year when I had to take on great deal of debt due to so many factors. But my position is also much better than a few years ago, so I am looking forward to being debt free and saving and investing. Having 1k in the bank is miles ahead of someone with 1k credit card debt they can't tackle.
I am an employee. From a wealth point of view I guess I can consider myself at level 4 - "enough to not have to work so much" - but being an employee I cannot decide to cut my working time arbitrarily. I hope to reach level 5 - "enough for a basic retirement" - soon. I came to China yesterday to start an expat period here, which should help me with this goal :)
Money equals freedom and reducing your standard of living is very difficult. I think the idea of levels of financial freedom is a helpful but should always be taken with a long run view as the economy goes up and down. In 2006 when the markets crashed there were a lot of people who thought they were at level 7 who suddenly felt they were back at level 4 or 5. Many panicked and made bad financial decisions that drastically reduced their wealth in the long run. The higher you are on the 8 point scale the more you need professional financial help, wealth preservation is important and critical in retirement.
I think once you're truly at level 7 you're unlikely to go back down. Most people who end up in those unfortunate situations probably weren't that high to begin with 🤷♂️ Thanks for watching!
@@ChrisInvests Not sure you lived through the 2006 market crash, I was 50 at the time and it was a scary few years. I had some close friends whose parents (in their 70’s) were so panicked they sold near the bottom, because they didn’t have 3 years living expenses in cash as an emergency fund. They went from being comfortably retired to being terrified, the husband had spent his entire career as a financial advisor, true story. The experience taught me several lessons about preparing for retirement. I have a Plan A, a Plan B and a Plan C. I’ve been using a mixture of common sense, diversification, professional advice and paranoia to build a asset base 50/50 split of securities and real estate (with zero debt) while also focusing on reducing fixed expenses without lowering our standard of living. We also maintain a healthy emergency reserve so we can ride out almost any storm without having to liquidate assets/savings under duress.
I’d say my goal is in between level 6 and 7. I do want to travel quite a bit and be able to take people on wild vacations. However I don’t see myself always doing that. So I thin right between the 6 and 7
The gap is GIGANTIC between lv6 and lv7 I am pretty much way above lv6 But to achieve lv7? Oh god I probably need to 10x my income and still may not be enough I am self employed and take foreign flights 5-10 times a year but all on the cheapest seats Never taken 1st class in my life, not even business class FUCK tax and I don't see the difference between lv7 and lv8 if you have enough money to retire and fly with 1st class regularly, you probably got more money than you can spend in your life
I'm at a level 4 now and aiming for level 7. Level 8 is probably overkill for me. Hope UA-cam can help make it happen! Great video Chris! Liked and subbed 👌
I hit level 6 sometime last year, but my level 6 isn't far off from level 5. I think my problem now is that I don't know what level 7 would look like for me.
Level 6 is maximum human satisfaction. Level 7 and 8 are excessive...any hear of this: more money, more problems? A simple life without work stress and money worry is the best you can have. More is not always better.
I don't know if this is level 6 or 7, but I want to be worth 2 to 5 million dollars when I retire. Nothing is holding me back, even if I have to save $ by finding a safe enough bridge to sleep under every night until retirement.
Great video, I'm at level 6 and have my mortgage paid, I could prob take 20 years off work but I do enjoy it so I guess going part time is a reality in the near future but at 45 years old it does seem to young.
I recently achieved level 6 at the age of 48. I have no debt and my lifestyle has always been relatively frugal. I'm inherently a minimalist by nature. I'll likely continue to work for another 2-3 years to achieve my version of level 7 and then will be calling it quits at that point. Honestly, my only reason for working until level 7 is not for lavish spending, but just that I would sleep better knowing that I over achieved my retirement goals.
Just recently got laid off and it feels like i'm beginning from the scratch, i have been researching on investing and I came across an investor on an internet radio who mentioned making well over $450,000 in 3months with an investment of $230,000 I'm a beginner and i really would appreciate any insight or clue on how to make good results
You should have considered an alternative source of cashflow way before now, it is called futuristic planning 🙄
well you didnt have to be mean about it. It is a good time to buy in on stock, so just buy in on stocks.
As a beginner, I took a more practical step to learn to invest, I began through the guidance of a financial consultant and within 2 years, I have owned 2homes in the United states and car dealership all with the an investment capital of $150,000 so it is best to invest with the help of a professional.
@@mikecuban6557 I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one that knows what he is doing. how can i get in touch with yours?
@@kasecoleman4936 I invest with the guidance of Lisa Jill Grenell, I came across her on an investment webinar, just search her name online to know more about her and you can also reach her online.
For me, "financial freedom" means you no longer need to worry about money. It has less to do with how much money you have, but rather, how much you owe. I retired in 2016 debt free. Being debt free allowed me to achieve "financial freedom" at a much lower income than you might think. Being debt free is the key to getting to the point where you don't worry about money. Being able to do what I want without money worries is priceless. Being debt free does that for me. I could not even tell you what my "net worth" is. Why? Because I don't care. I owe nothing and I want for nothing. It just doesn't get any better than that.
That's great that you're content--something many people will never be
Kudos to you
@@ChrisInvests It's not so much about being "content", it more about understanding the money is not the most important thing in life. Time is. Being able to retire early without any money worries allows me to enjoy life because I get more of it to use on enjoyment.
There wont be a „no more worry about Money“. Even with $1bn, a national Crisis with Hyperinflation Van half your Money every year. Making you poor After 5 years.
I am at level 5 (building towards 6) right now. Being poor and worrying about money sucks. It’s okay to honestly live in a smaller apartment in a relatively cheaper area( as long as it’s safe) if it means you can live financially free and possibly leave something for you children, as much as it may be.
28 and I'm about a level 3. Aside from 2 vacations a year, I live as if I'm on level 1. I don't see a point in changing my lifestyle until I'm at least a level 7. I get more joy watching my portfolio grow than I do from conventional things.
I think level 6 with 1mm on investment, house paid and social security pension plus military retirement, and 36 months emergency funds...owned condo near the beach..rent boat and travel business class is good enough for me..healthy is outstanding..
Sounds like a comfortable place to be! Well done
That’s awesome! I look forward to the day where I have a life like that. Congratulations!!!
Im 23 and I feel behind given that I would only be at level 1. I am a recently graduated Systems and Computation engineer, i do not have any kind of debt since ive been winning scholarships for every semester I took. I only have like 1 thousand saved as an emergency fund but is growing very slowly.
I'm 30, debt free my entire life until last year when I had to take on great deal of debt due to so many factors. But my position is also much better than a few years ago, so I am looking forward to being debt free and saving and investing.
Having 1k in the bank is miles ahead of someone with 1k credit card debt they can't tackle.
I am an employee. From a wealth point of view I guess I can consider myself at level 4 - "enough to not have to work so much" - but being an employee I cannot decide to cut my working time arbitrarily. I hope to reach level 5 - "enough for a basic retirement" - soon. I came to China yesterday to start an expat period here, which should help me with this goal :)
If the sp500 crashes like in the 70s you wont break even before 20 years.
Money equals freedom and reducing your standard of living is very difficult. I think the idea of levels of financial freedom is a helpful but should always be taken with a long run view as the economy goes up and down. In 2006 when the markets crashed there were a lot of people who thought they were at level 7 who suddenly felt they were back at level 4 or 5. Many panicked and made bad financial decisions that drastically reduced their wealth in the long run. The higher you are on the 8 point scale the more you need professional financial help, wealth preservation is important and critical in retirement.
I think once you're truly at level 7 you're unlikely to go back down. Most people who end up in those unfortunate situations probably weren't that high to begin with 🤷♂️ Thanks for watching!
@@ChrisInvests Not sure you lived through the 2006 market crash, I was 50 at the time and it was a scary few years. I had some close friends whose parents (in their 70’s) were so panicked they sold near the bottom, because they didn’t have 3 years living expenses in cash as an emergency fund. They went from being comfortably retired to being terrified, the husband had spent his entire career as a financial advisor, true story. The experience taught me several lessons about preparing for retirement. I have a Plan A, a Plan B and a Plan C. I’ve been using a mixture of common sense, diversification, professional advice and paranoia to build a asset base 50/50 split of securities and real estate (with zero debt) while also focusing on reducing fixed expenses without lowering our standard of living. We also maintain a healthy emergency reserve so we can ride out almost any storm without having to liquidate assets/savings under duress.
Want to reach level 3 , 4 then jump to 8 🤩🙌🏾
My portfolio is down 47%
This is important for people to see, once they hit that first milestone it’s super addictive to keep on going. Great video !
Yes, it's no fun to plateau!
Super informative bro!! Keep up the great work
Level 3 at age 34. Pushing hard to be at 4
Heading towards level 4 let's goooooooo
Level 6 at age 65 , freedom of time is running out
4:59 that's Bristol!
im 21 and im at lvl 1
😯
Awesome video
Thank you Eric 🙏
I’d say my goal is in between level 6 and 7. I do want to travel quite a bit and be able to take people on wild vacations. However I don’t see myself always doing that. So I thin right between the 6 and 7
That's great! Not everyone wants to do the Mr money mustache approach, that's for sure.
The gap is GIGANTIC between lv6 and lv7
I am pretty much way above lv6
But to achieve lv7? Oh god I probably need to 10x my income and still may not be enough
I am self employed and take foreign flights 5-10 times a year but all on the cheapest seats
Never taken 1st class in my life, not even business class
FUCK tax
and I don't see the difference between lv7 and lv8
if you have enough money to retire and fly with 1st class regularly, you probably got more money than you can spend in your life
7 is having plenty of disposable income but still limited. 8 is basically unlimited.
Yes I agree working when it is my option is def the ultimate flex
It's definitely nice 👍
I must say owning a luxury yacht and private jet sounds miserable 😩
😂😂
I'm at a level 4 now and aiming for level 7. Level 8 is probably overkill for me. Hope UA-cam can help make it happen! Great video Chris! Liked and subbed 👌
Thank you, Michael! I'm sure you'll be there in no time 👍
@@ChrisInvests That would be awesome!
looks like it did, good job
I should be at level 7 at some point in 2021 (when I sell my business). My next goal will be level 8...through UA-cam 🤔 LOL Well done as always Chris!
That's great Rob! Commendable at any age, especially yours 👏
Level three at 32, guess I have more work to do.
Still better off than most
Same at Age 28.
I hit level 6 sometime last year, but my level 6 isn't far off from level 5. I think my problem now is that I don't know what level 7 would look like for me.
Not a bad place to be! Congratulations on your achievement.
Level 6 is maximum human satisfaction. Level 7 and 8 are excessive...any hear of this: more money, more problems? A simple life without work stress and money worry is the best you can have. More is not always better.
There will always be people who want to enjoy luxuries 🌊 🛥 🌴Thanks for sharing.
Great video!
Thank you
If there was a level 9 or 10 ll be at level 12
Great video Chris! Achieving each milestone provides great motivation to continue on the path to full financial independence!
Yes, it's important to break it down!
I don't know if this is level 6 or 7, but I want to be worth 2 to 5 million dollars when I retire. Nothing is holding me back, even if I have to save $ by finding a safe enough bridge to sleep under every night until retirement.
Sounds like you're dedicated 😂 Thanks for watching!
That'd be firmly in level 7 I think, bht YMMV.
Always enjoy your info 👍
Great video, I'm at level 6 and have my mortgage paid, I could prob take 20 years off work but I do enjoy it so I guess going part time is a reality in the near future but at 45 years old it does seem to young.
Thanks for watching, David! Enjoying your work is a great thing and you'll have an exponential amount of money when you do decide to retire!
I recently achieved level 6 at the age of 48. I have no debt and my lifestyle has always been relatively frugal. I'm inherently a minimalist by nature. I'll likely continue to work for another 2-3 years to achieve my version of level 7 and then will be calling it quits at that point. Honestly, my only reason for working until level 7 is not for lavish spending, but just that I would sleep better knowing that I over achieved my retirement goals.
Congratulations on your achievement and thanks for sharing 👍
Level three at 32, guess I have more work to do.
Still good progress!
Wow super nice video!
Thank you