What Should I Do with This $200,000 to Become a Millionaire Soon?

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  • Опубліковано 25 лис 2024

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  • @TheRamseyShow
    @TheRamseyShow  3 роки тому +306

    Say goodbye to debt forever. Start Ramsey+ for free: bit.ly/3g11A2V

    • @mikeygomes8590
      @mikeygomes8590 3 роки тому +5

      They

    • @crystalwiles1612
      @crystalwiles1612 3 роки тому +2

      @@mikeygomes8590 a at

    • @robertlulek1634
      @robertlulek1634 3 роки тому

      Fitnes competitor lazy stick with the business and grow it. Don’t drink too much that’s a dream where you will lose your 200 grand guaranteed

    • @emrebosnali2473
      @emrebosnali2473 3 роки тому

      i dont know y u r saying "Say goodbye to debt forever" debt is how u make money? borrowing money from the banks to make money using their money ? lol haha

    • @3poundCrappiefishing
      @3poundCrappiefishing 2 роки тому

      do you have a video on 1031 exchange. tax implications versus paying off mortgage

  • @ClarkeGriffiny7
    @ClarkeGriffiny7 Місяць тому +1778

    The whole point of wealth for me is freedom. My magic number in my mind is 5 million needed at 65 to not worry about anything. Am i better off investing a good portion of my income into stocks or real estate to achieve this goal?

    • @JohnSmith060
      @JohnSmith060 Місяць тому +6

      Varied sources of income is wise and especially living within your means. My net worth is $2M and I can pay my bills with no stress, but I don't live like I have that. I have no complaints.

    • @HectorWhitney
      @HectorWhitney Місяць тому +3

      Money advice is subjective, what works for you may not work for someone else, but it's always better to plan. I'm quite lucky exposed to personal finance at an early age, started job 19, bought first home 28, got laid-off work 36 amid covid-outbreak, and at once I consulted an advisor to handle growing my finance. As of today, I'm only 25% short of my $1m goal after subsequent investments.

    • @BellamyGriffin19
      @BellamyGriffin19 Місяць тому +1

      I'm intrigued by this. I've searched for investment advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation??

    • @HectorWhitney
      @HectorWhitney Місяць тому +2

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @ChristianKelv
      @ChristianKelv Місяць тому +2

      Thank you for the information. I conducted my own research on google and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call.

  • @alexsteven.m6414
    @alexsteven.m6414 3 місяці тому +1093

    The most popular investment portfolio strategies include diversification, where you spread investments across different asset classes to manage risk. Another is the growth strategy, focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks or bonds. Finally, there's the value strategy, seeking undervalued assets for potential long-term gains.

    • @mariahudson9939
      @mariahudson9939 3 місяці тому +1

      According to Warren Buffett, dividends are less valuable for growing businesses and more suitable for established ones. Investing in companies that offer dividends might be seen as parking capital for steady returns, especially for those relying on portfolio income. This approach resembles bond investing, serving as a means of generating consistent earnings.

    • @dengdelun3109
      @dengdelun3109 3 місяці тому

      This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far

    • @belobelonce35
      @belobelonce35 3 місяці тому

      Thank you for the advice. When you say financial advisor, are you talking about hedge funds? And how do I get in touch with one?

    • @dengdelun3109
      @dengdelun3109 3 місяці тому

      Rebecca Nassar Dunne is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @MarcyLoccy
      @MarcyLoccy 3 місяці тому

      She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.

  • @EthanBrown_23
    @EthanBrown_23 18 днів тому +1275

    I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money

    • @JenniferDavis7630
      @JenniferDavis7630 18 днів тому +2

      You should look at energy stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

    • @donaldwayne7023
      @donaldwayne7023 18 днів тому +2

      It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.

    • @danieltaylor--65
      @danieltaylor--65 18 днів тому +1

      Please who’s this consultant ?

    • @donaldwayne7023
      @donaldwayne7023 18 днів тому +1

      "Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.

    • @Angelinacortez495
      @Angelinacortez495 18 днів тому +1

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @Danpron109
    @Danpron109 8 днів тому +1840

    The massive increase in Bitcoin comes as markets tumble, inflation soars, and the Fed enacts steep rate hikes-all of which spell deeper losses for portfolios this quarter....With treasury yields also climbing, now could be an opportune time to pivot. Should I liquidate my $125k bond/stock portfolio to capitalize on this volatile market?

    • @priyankamahatma6672
      @priyankamahatma6672 8 днів тому

      I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.

    • @liuyanli
      @liuyanli 8 днів тому

      Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.

    • @gracegomez109
      @gracegomez109 8 днів тому

      how can I get your advisor please, if you don't mind me asking? I could really use a help as of now.

    • @liuyanli
      @liuyanli 8 днів тому

      Her name is 'Kenia Giordani Borges’ Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @gracegomez109
      @gracegomez109 8 днів тому

      Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

  • @MichaelGabreil
    @MichaelGabreil 9 днів тому +226

    Watching this Video is really an eye opener. And am so happy ,The only little problem I have is, not knowing where to start from, I really want to invest in my future, but just don't know where to start from, I really wish someone can put me through

    • @ClemonSteve
      @ClemonSteve 7 днів тому

      I'm approaching retirement and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from Etf's or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $2 million

    • @MichaelGabreil
      @MichaelGabreil 7 днів тому

      @@ClemonSteve I'm currently evaluating my portfolio and could use some guidance. How can I get in touch with your advisor?

    • @ClemonSteve
      @ClemonSteve 7 днів тому

      @@MichaelGabreil I usually avoid making specific recommendations because everyone's situation is unique. However, my experience with Julie Ann Lerch has been quite positive. You might find it worthwhile to see if her approach fits your needs

    • @MichaelGabreil
      @MichaelGabreil 7 днів тому

      @@ClemonSteve I looked for the name online and found her page.I will get in touch with her,Thanks for the help
      I emailed and made inquiries. Thanks for the help

  • @E.GCreates
    @E.GCreates Місяць тому +581

    You could invest in stocks, start a side business, or focus on advancing your career. It's important to set goals and make a plan. Remember, wealth can mean different things to different people,One thing i can say that helped me in life to reach my first million was starting early, i got curious and informed i became open to passive income, investments in equities , etfs and the likes. also sought help to handle my portfolio which was my foundation. i'm ever grateful to Abigail Ryan Ann my FA.

    • @phyllisburtonhearsawho
      @phyllisburtonhearsawho Місяць тому

      That’s some good values. sounds like you got something going for you

    • @Bergenn158
      @Bergenn158 Місяць тому

      did a quick search and found her webpage. I must say her resume is pretty impressive.. will be writing her.

    • @Dailypalamides
      @Dailypalamides Місяць тому

      I started investing when I was 37, mostly through sweat equity. I just turned 45 and this last month was the first time that my passive income from stocks broke $100k for the month. This is solid advice! DO IT!

    • @KathHarnell
      @KathHarnell Місяць тому

      She has a pretty decent bio.

  • @NicholasBall130
    @NicholasBall130 18 днів тому +649

    Considering the current market uncertainty, it seems prudent to invest in gold or a gold ETF. I'm thinking of allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is appealing, I recognize the importance of maintaining a long-term investment strategy.

    • @cowell621
      @cowell621 18 днів тому

      Considering the current market uncertainty, it seems prudent to invest in gold or a gold ETF. I'm thinking of allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is appealing, I recognize the importance of maintaining a long-term investment strategy.

    • @JamesLongman-v5r
      @JamesLongman-v5r 18 днів тому

      Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

    • @LiaStrings
      @LiaStrings 18 днів тому

      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?

    • @JamesLongman-v5r
      @JamesLongman-v5r 18 днів тому

      Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

    • @lolitashaniel2342
      @lolitashaniel2342 14 днів тому

      I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

  • @jameswood9772
    @jameswood9772 Місяць тому +1023

    I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Are these good stock suggestions?

    • @johnlennon232
      @johnlennon232 Місяць тому +3

      I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

    • @alexyoung3126
      @alexyoung3126 Місяць тому +1

      A lot of folks downplay the role of advlsors 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.

    • @chris-pj7rk
      @chris-pj7rk Місяць тому +2

      This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @alexyoung3126
      @alexyoung3126 Місяць тому +5

      Amy Desiree Irish is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

    • @chris-pj7rk
      @chris-pj7rk Місяць тому +2

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @AlexanderOwenb9l
    @AlexanderOwenb9l 22 дні тому +561

    Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

    • @NatalieHannahq3g
      @NatalieHannahq3g 22 дні тому

      The deeper your investment roots, the stronger your financial security will be in the future.

    • @AidenLiamf7q
      @AidenLiamf7q 22 дні тому

      Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

    • @MasonJacobo2w
      @MasonJacobo2w 22 дні тому

      I would love an introduction to an adviser who can help me strengthen my financial roots.

    • @AidenLiamf7q
      @AidenLiamf7q 22 дні тому

      Nicole Anastasia Plumlee can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

    • @MasonJacobo2w
      @MasonJacobo2w 22 дні тому

      Thank you for this amazing tip. I just looked the name up and wrote her.

  • @BrewerVera
    @BrewerVera 7 днів тому +1330

    What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.

    • @FaithAndrada-xo9ou
      @FaithAndrada-xo9ou 7 днів тому +3

      You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad

    • @AndersonFair-cy2bb
      @AndersonFair-cy2bb 7 днів тому +1

      Most people minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

    • @fredrickmcgraw9491
      @fredrickmcgraw9491 7 днів тому +2

      You seem to know the market better than we do, so that makes great sense. Who is the guide?

    • @AndersonFair-cy2bb
      @AndersonFair-cy2bb 7 днів тому +6

      My CFA ’Amy Desiree Irish’ , 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.

    • @fredrickmcgraw9491
      @fredrickmcgraw9491 7 днів тому +2

      I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

  • @PremSteve-yg4de
    @PremSteve-yg4de 4 місяці тому +1151

    I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?

    • @bernisejedeon5888
      @bernisejedeon5888 4 місяці тому

      The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.

    • @belobelonce35
      @belobelonce35 4 місяці тому

      Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

    • @edelineguillet2121
      @edelineguillet2121 4 місяці тому

      That's impressive ! I could really use the expertise of one of these advisors. Any chance you could recommend one?

    • @belobelonce35
      @belobelonce35 4 місяці тому

      Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @fresnaygermain8180
      @fresnaygermain8180 4 місяці тому

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @lillyvazgueztk1410
    @lillyvazgueztk1410 28 днів тому +210

    Buying Stocks or Gold are the absolute best hedges against hyperinflation.

    • @JsotoPapito
      @JsotoPapito 28 днів тому +1

      I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash

    • @lillyvazgueztk1410
      @lillyvazgueztk1410 28 днів тому

      Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing in stocks is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

    • @Miguelka67
      @Miguelka67 28 днів тому

      Market fluctuations have frustrated my previous attempts at stock/crypto investing. Ready to pivot to passive income, I'd love to learn from your journey. Share your expertise and guidance, and help me overcome my past setbacks to achieve financial stability and success

    • @lillyvazgueztk1410
      @lillyvazgueztk1410 28 днів тому

      Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience. If you're new to investing or don't have much time, it's best to get advice from an expert.

    • @lillyvazgueztk1410
      @lillyvazgueztk1410 28 днів тому +1

      If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Fiduciary-counselors have exclusive information and data paths that are not available to the general public. Understanding the direction of my Fiduciary-counselor *Tracy Britt Cool Consulting*

  • @philipfletch
    @philipfletch Місяць тому +1199

    I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? 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 but watching my portfolio of $450k dwindle away is such an eye -sore.

    • @RoseGuerra7862
      @RoseGuerra7862 Місяць тому +4

      there are tons of cool stocks in different industries to watch. You don't have to act on every forecast. I suggest teaming up with a financial adviser who can help you pick the right times to buy and sell the stocks or ETFs you're eyeing. They can give you some solid advice to make smart moves

    • @martinheaway
      @martinheaway Місяць тому

      That's awesome to hear! Having a skilled adviser to guide your day-to-day investment decisions, especially with their expertise in long and short positions, risk management, and access to exclusive information, can really make a difference. It's no surprise you've seen such impressive returns, netting over 2.8 million in over 2 years. Keep up the great work with your adviser!

    • @NatashaJoy7861
      @NatashaJoy7861 Місяць тому +3

      bravo! I've been getting suggestions to consider financial advisery, but where and how to find someone reputable has been challenging, mind if I look up the adviser guiding you please?

    • @martinheaway
      @martinheaway Місяць тому +5

      Her name is 'Amy Desiree Irish’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @NatashaJoy7861
      @NatashaJoy7861 Місяць тому +2

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @GreggoryThorpe
    @GreggoryThorpe 3 роки тому +1675

    "Your first job is not to lose it" Should be told to every person that receives money.

    • @juliareadscottishpiperandh4861
      @juliareadscottishpiperandh4861 3 роки тому +12

      indeed. Even if he puts it in a bank for a year, learns about investing using a very small amount (say $500) but loses a year of investment growth, then he still has the money.

    • @superblump87
      @superblump87 3 роки тому +6

      @AG then this advice becomes even more important.

    • @skylerthacreator
      @skylerthacreator 3 роки тому +3

      @AG well... then their first job is.... to not lose their money...

    • @matthewgardner2144
      @matthewgardner2144 3 роки тому +1

      @AG Why then they should spend it immediately and foolishly! The money could go bad if it just sits around accruing interest or equity!

    • @kenheisner288
      @kenheisner288 3 роки тому +2

      I have a money tree seeds for sale

  • @christophermartin972
    @christophermartin972 3 роки тому +3424

    You should immediately add $800k to it and become a millionaire!

    • @universalservicetechust3578
      @universalservicetechust3578 3 роки тому +62

      Lol 😆

    • @pranavkarthik2724
      @pranavkarthik2724 3 роки тому +57

      i didnt know that thanks for telling me lol

    • @Tionaintown876
      @Tionaintown876 3 роки тому +30

      Omg awesome idea

    • @clarifyingquestions
      @clarifyingquestions 3 роки тому +29

      Exactly!! Caller needs to get his income up, up and up and separate issue - use the 200k to invest it all ie pretend he doesn't have this money.

    • @RKO1988
      @RKO1988 3 роки тому +14

      I checked this out and it does seem to work…

  • @Mariagreta-gv9le
    @Mariagreta-gv9le 7 місяців тому +1191

    My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

    • @mayalucia-
      @mayalucia- 7 місяців тому

      Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

    • @AlvarezDanuta
      @AlvarezDanuta 7 місяців тому

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @JonathanWalter-w8n
    @JonathanWalter-w8n Місяць тому +423

    Thank you so much for this video but in these uncertain times it is more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

    • @Evelyn34289
      @Evelyn34289 Місяць тому

      If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

    • @Lindgren-h7k
      @Lindgren-h7k Місяць тому

      you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited 560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

    • @TerriLynnClark-b8d
      @TerriLynnClark-b8d Місяць тому

      That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who's the professional guiding you?

    • @Lindgren-h7k
      @Lindgren-h7k Місяць тому

      Her name is Amalia Bunker can't divulge much. Most likely, the internet should have her basic info, you can research if you like

    • @clementina-h5g
      @clementina-h5g Місяць тому

      560k? Amazing! how did you get started?

  • @NormanGhali
    @NormanGhali 3 місяці тому +1594

    My portfolio is up like $400k this year so far. My wife still gives me shit that I don't have a "real job" whilst she works 12 hours a day for $3k a month. I'm haven't told her yet, but I make sure we enjoy the money together haha

    • @albacus2400BC
      @albacus2400BC 3 місяці тому +3

      Haha I'm sure everybody hide some of their income sometimes too. You trade or you have been holding all this while?

    • @NormanGhali
      @NormanGhali 3 місяці тому +3

      Oh, no, not trading. She would probably have noticed if she saw me on a computer all day. I use a financial advisor whom I've been working with her for some time now and she manages the trading.

    • @cloudyblaze7916
      @cloudyblaze7916 3 місяці тому

      That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?

    • @NormanGhali
      @NormanGhali 3 місяці тому

      It's not very difficult to find. Marissa Lynn Babula is the licensed advisor I use. Just research the name. You’ll find necessary details to work with to set up an appointment.

    • @bestofcountry7637
      @bestofcountry7637 3 місяці тому

      Thanks a lot for the recommendation. I'll check her out and I hope I'm able to connect with her.

  • @JoelCharisma-q5u
    @JoelCharisma-q5u 8 днів тому +1373

    I also have about 70k I want to invest right now. I want to choose the stocks I go into carefully so I make the maximum result. Any thoughts?

    • @gregorywhem
      @gregorywhem 8 днів тому +1

      Well, you could potentially make a lot of money from the stock market. Profiting in stocks require some technical analysis, but you could make a lot of profit. I'll highly recommend you work with a financial advisor.

    • @Redwood4040
      @Redwood4040 8 днів тому +1

      I agree. I switched to trading options and I make 10x what I used to make from stocks because I can work with an expert who has a good understanding of the marekt. This third quarter I've already made more than 150k in net profit.

    • @BarryWhite-h9m
      @BarryWhite-h9m 8 днів тому

      This sounds like incredible profit. Could you recommend who you work with so I could check them out?

    • @Redwood4040
      @Redwood4040 8 днів тому

      Sure, I work with *Marissa Lynn Babula.* She's not hard to find. Just check her out on her website and you can contact her.

    • @MarkJoe-e7f
      @MarkJoe-e7f 8 днів тому

      Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.

  • @vince9080h
    @vince9080h 3 місяці тому +558

    As I ponder investing the proceeds from my recent Portland home sale into stocks, I'm torn between seizing the opportunity and timing the market. While I recognize it's a great time to buy, I'm uncertain if it's the perfect moment for me. My mind is also boggled by the impressive gains others in the same market have made - over $450,000 in mere months! I'm left wondering when I'll fully recoup my investment and whether I'm making the right move?

    • @TicheDebb0
      @TicheDebb0 3 місяці тому +4

      For any investor, a strong plan is essential to their portfolio. The higher the risk, the bigger the possible return and when it comes to making important decisions, thus it makes sense to consult with seasoned experts.

    • @MarshalWagner457
      @MarshalWagner457 3 місяці тому +3

      A lot of folks downplay the role of advisors until being burnt by their own emotions. I do 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.

    • @AshleySommerset808
      @AshleySommerset808 3 місяці тому +2

      That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

    • @MarshalWagner457
      @MarshalWagner457 3 місяці тому +3

      Sonya Lee Mitchell is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

    • @AshleySommerset808
      @AshleySommerset808 3 місяці тому +3

      I conducted an online search for her using her complete name and located her page. Subsequently, I reached out via email to schedule a meeting for a discussion; I am now awaiting her response.

  • @clarkstephen7861
    @clarkstephen7861 27 днів тому +1208

    Dividend investing is my jam! I'm building wealth with a buy-and-hold strategy in my Roth account, featuring rockstars like Berkshire B stock, SCHD, and S&P 500 and total market ETFs. My taxable account is also getting in on the action, generating regular income through dividend-paying stocks. It's a winning combo that's helping me achieve my financial dreams!

    • @RoseGuerra7862
      @RoseGuerra7862 27 днів тому +2

      Your strategy is a perfect example of a solid plan! Combining dividend stocks with a buy-and-hold approach sets you up for success.it's clear you've done your research. Yet, I still think consulting with expert advisors can take your success to the next level. They can offer valuable insights, help you mitigate risks, and optimize your strategy for even greater returns.

    • @martinheaway
      @martinheaway 27 днів тому

      I agree, though some doubt financial advisors. Mine has delivered, growing my portfolio by over $1 million for the past decade through savvy diversification. Financial security is my goal, and I'm pleased with my results.

    • @JaneClark7861
      @JaneClark7861 27 днів тому +1

      Could you recommend your financial advisor? I am seeking professional guide

    • @martinheaway
      @martinheaway 27 днів тому +3

      My CFA ’Amy Desiree Irish’ , 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.

    • @JaneClark7861
      @JaneClark7861 27 днів тому +1

      Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

  • @JulianBarnes-dd2iq
    @JulianBarnes-dd2iq 5 днів тому +912

    I've been an investor in Nvidia for the past six years now because I strongly believe in the company and in the stock, but now I've been thinking of redistributing my portfolio of about $560k and buy other stocks. and asset classes. Maybe buy Tesla esp because of Trumps win? They are also doing great things in the AI space. Some digital currencies too. What do you think?

    • @selenajack2036
      @selenajack2036 5 днів тому +2

      investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.

    • @hushbash2989
      @hushbash2989 5 днів тому +2

      People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.

    • @kaylawood9053
      @kaylawood9053 5 днів тому +3

      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?.

    • @hushbash2989
      @hushbash2989 5 днів тому +2

      She goes by ''Sonia Nunes Demelo’’ a renowned figure in the financial industry with over two decades of experience. I'd suggest you research her further on the web.

    • @bsetdays6784
      @bsetdays6784 5 днів тому +1

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @FelineAirstrip
    @FelineAirstrip 5 місяців тому +830

    I am 64 years old I have a side hustle making over 200k per year. I already have over 4 million in my retirement account I want to build an aggressive account in my new Solo 401 k which will be converted to a Mega Backdoor Roth (putting in over 79,000 per year) I Would like to eventually have Monthly income generated without losing principal.

    • @WestonScally7614
      @WestonScally7614 5 місяців тому +9

      You didn't provide detailed information about your portfolio makeup. However, I recommend seeking guidance from a financial advisor for a well-informed portfolio restructuring.

    • @SaintYvess
      @SaintYvess 5 місяців тому +6

      Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.

    • @sting_grayl
      @sting_grayl 5 місяців тому +6

      This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation

    • @SaintYvess
      @SaintYvess 5 місяців тому +4

      I work with *Jennifer Leigh Hickman* , a licensed advisor. Simply search the name to find the necessary details to schedule an appointment.

    • @Christine-wp2bw
      @Christine-wp2bw 5 місяців тому +4

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @Willswinton4
    @Willswinton4 Місяць тому +102

    I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.

    • @Willswinton4
      @Willswinton4 Місяць тому

      Antonio's technical analysis is excellent and his interpretation and projections of the market are so accurate I sometimes ask myself if he is human haha. The point is that Antonio is the perfect trader to follow for advice and daily signals.

    • @JudeDinbc
      @JudeDinbc Місяць тому

      I've come across this name before, is he really reliable?

    • @Willswinton4
      @Willswinton4 Місяць тому

      he's mostly on Telegrams, using the user.

    • @Willswinton4
      @Willswinton4 Місяць тому

      @proAntonioDaily THAT IS HIS USER NAME

    • @Willswinton4
      @Willswinton4 Місяць тому

      Thanks a lot for the recommendation.

  • @MiaDavis001
    @MiaDavis001 4 місяці тому +950

    I recently sold a house in Portland, and I'm considering investing the proceeds in stocks. I know it's a wonderful time to buy, but is this the right moment? When will I fully recover? I'm honestly just perplexed at this point as to how other folks in the same market are making over $450,000 in gains in a matter of months.

    • @lukefisherDD
      @lukefisherDD 4 місяці тому

      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.

    • @calvinlewis-h2
      @calvinlewis-h2 4 місяці тому

      That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

    • @lukefisherDD
      @lukefisherDD 4 місяці тому

      NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

    • @jessieyoung-szn
      @jessieyoung-szn 4 місяці тому

      Thanks for sharing, i did a quick search and found her web page, i hope she responds to my mail soon

    • @TravelTechie415
      @TravelTechie415 4 місяці тому

      Buying stocks doesn't automatically make you rich, 100% not true, the stocks you buy - someone else shorts, it's a casino and the house always wins

  • @Fedgery007
    @Fedgery007 3 роки тому +322

    I actually agree with Dave’s advice! Kudos to this kid for calling and trying to learn.

  • @benjaminsmith3469
    @benjaminsmith3469 3 місяці тому +409

    I've got £100k to invest. I want to build a nest egg for when I'm older. I want to know if it's a good idea to add all my savings into a long term ETF, set and forget Come back in 20-30 years, instead of 250-300 DCA every month. Which ETF would you recommend?

    • @carter3294
      @carter3294 3 місяці тому +3

      As they say, time IN the market is better than trying to time the market. I think you should seek advice from a licensed financial advisor..

    • @Emily-le2op
      @Emily-le2op 3 місяці тому +5

      Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 275 cash earning 5.25 interest, 685k in 401k, 120k cash account, 80k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed within a short period.

    • @ConradGosling
      @ConradGosling 3 місяці тому +2

      How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.

    • @Emily-le2op
      @Emily-le2op 3 місяці тому +3

      I've stuck with the popularly ‘’Monica Shawn Marti” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

    • @stevensmiddlemass2072
      @stevensmiddlemass2072 3 місяці тому +1

      Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled.

  • @Mattius08
    @Mattius08 3 роки тому +503

    Best advice is to get that $200k out of your mind. Sock it away into a managed index fund or mutual fund. Live your same life, don't buy stupid things, keep your job and invest some more. Think long term.

    • @Ez3s
      @Ez3s 3 роки тому +11

      Very sound advice!

    • @davidh5101
      @davidh5101 3 роки тому +7

      Yolo

    • @austintomkewitz7206
      @austintomkewitz7206 3 роки тому +1

      @@Ez3s even sounder advice would be this invest it in whatever the best place would be an investment is about how many birds in the bush how many can you catch how sure are you if you unsure start paying high interest debt don't collect inflation (invisible tax to the general public) not that I needed to translate the word inflation for y'all sure you guys already know

    • @JonathanIvy221
      @JonathanIvy221 3 роки тому +19

      Managed funds have high expense ratio. Gotta be careful with it. You may end up paying over 200-300k in expense ratio over time.

    • @markme4
      @markme4 3 роки тому +7

      When you are 25 , 40 sounds like a long way away

  • @RobertBrown..
    @RobertBrown.. 7 місяців тому +594

    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.

    • @trazzpalmer3199
      @trazzpalmer3199 7 місяців тому +4

      diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.

    • @AshlelThomas
      @AshlelThomas 7 місяців тому +2

      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.

    • @SarahTaylor_
      @SarahTaylor_ 7 місяців тому +1

      That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

    • @AshlelThomas
      @AshlelThomas 7 місяців тому +1

      KENNA MURIEL HESSELING is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @omotayoajileye2629
      @omotayoajileye2629 6 місяців тому

      Has anyone thought all these people dropping names of financial advisors that helped achieve 300% growth in a short period is suspicious. I think it's a marketing strategy to promote those businesses.

  • @SandraGomez-l8v
    @SandraGomez-l8v Місяць тому +114

    Now, I Just realized that the secret to making a million is saving for better trades. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money trading. For example last year I Traded with 10k in Crypto and made about $146k,but guess what? I put it all back and traded again and now I am rounding up close to a million

    • @RobAllen28
      @RobAllen28 Місяць тому

      The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. I’m guided by Ryan Donald. A widely known crypto consultant

    • @DorotheaWeiss-s6z
      @DorotheaWeiss-s6z Місяць тому

      This is superb! Information, as a noob it gets quite difficult to handle all of this, and staying informed is a major cause, how do you go about this are you a pro investor?

    • @RobAllen28
      @RobAllen28 Місяць тому

      yeah Ryan Donald was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Ryan Donald. He is my number one source when it comes to crypto and TA.

    • @KieraAva
      @KieraAva Місяць тому

      So you guys know him too?... he made my husband and I have our own house and car.
      He is good. His success story is everywhere, his method surprise me honestly

    • @DorotheaWeiss-s6z
      @DorotheaWeiss-s6z Місяць тому

      Oh please, how can someone get to speak with Ryan Donald?🙏

  • @nickmcdonarld
    @nickmcdonarld Місяць тому +218

    Unfortunately, not all of us were financially literate early, I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but l'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling! Thanks Brooke Miller.

    • @bennettross1
      @bennettross1 Місяць тому

      I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

    • @GertonTootle
      @GertonTootle Місяць тому

      She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

    • @anatolyivan
      @anatolyivan Місяць тому

      The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

    • @SammieOlin
      @SammieOlin Місяць тому

      I'm new at this, please how can I reach her?

    • @Arlingtongeorge
      @Arlingtongeorge Місяць тому

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

  • @SunShine-ey5jc
    @SunShine-ey5jc 3 роки тому +391

    Dad passing on, and he's excited about becoming a millionaire. Took me a couple of years to get over my mum passing on. Brother take your time, visit your family, and share some good memories.

    • @afridgetoofar1818
      @afridgetoofar1818 3 роки тому +54

      When a parent who has Alzheimer’s passes away, it’s a blessing

    • @brandonkargol4439
      @brandonkargol4439 3 роки тому +84

      Yeah but he had alzheimers. He may have "lost" his dad years ago

    • @claudiacanales2662
      @claudiacanales2662 3 роки тому +16

      Yup I totally agree with you Sun Shine. To me it sounds like the sisters were the ones taking care of dad!

    • @hadleycontractor496
      @hadleycontractor496 3 роки тому +24

      do you think the dad would be glad or sad that his son is trying to preserve/grow what he presumably worked hard for hes 25 the fact hes looking to grow rather than blow is surprising and good for him

    • @noneofit85
      @noneofit85 3 роки тому +17

      All I heard from this call was: money is coming.

  • @livia-s6t
    @livia-s6t 3 місяці тому +1042

    I currently have around $250,000 in cash savings and I was advised to invest it in stocks. What long-term strategies should I use for investments to secure my financial future?

    • @RobbStonee
      @RobbStonee 3 місяці тому +6

      Its best if you buy growth/blue-chip/large caps stocks only. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio so you don't get burnt in this volatile market.

    • @ScottStraw
      @ScottStraw 3 місяці тому +1

      Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, I consulted with a coach when I needed to invest my $120K savings, and my p0rtfolio surged by nearly 85% in 6 months.

    • @ScottStraw
      @ScottStraw 3 місяці тому +4

      Agreed, having a professional can be smart move sometimes. I remember amid covid-19 crash, I really was having investing nightmare prior touching base with a coach, and as of today, I've accrued nearly $1m from a shaky $400k portfolio. No gimmicks!

    • @Tipping-Point88
      @Tipping-Point88 3 місяці тому +3

      truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor... mind sharing info of this person guiding you please?

    • @ScottStraw
      @ScottStraw 3 місяці тому +1

      Personally, I get guidance from *Marissa Lynn Babula* and most likely, the internet should have her basic info

  • @DebbieSimone
    @DebbieSimone 2 місяці тому +205

    I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Brooke Miller.

    • @KenistonKist
      @KenistonKist 2 місяці тому +1

      She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

    • @GrozaGroza-ko7fn
      @GrozaGroza-ko7fn 2 місяці тому

      The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

    • @mikesnoek
      @mikesnoek 2 місяці тому

      I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

    • @jadewashington7
      @jadewashington7 2 місяці тому

      I'm new at this, please how can I reach her?

    • @ReuletRikki
      @ReuletRikki 2 місяці тому

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

  • @geraldt331
    @geraldt331 5 місяців тому +1289

    Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

    • @Jadechurch-ql3do
      @Jadechurch-ql3do 5 місяців тому

      the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

    • @yeslahykcim
      @yeslahykcim 5 місяців тому

      I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

    • @lucaswilliams9992
      @lucaswilliams9992 5 місяців тому

      ​@@yeslahykcim Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

    • @lucaswilliams9992
      @lucaswilliams9992 5 місяців тому

      ​ @yeslahykcim Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

    • @lucaswilliams9992
      @lucaswilliams9992 5 місяців тому

      Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

  • @Donnafrank-k6e
    @Donnafrank-k6e 3 місяці тому +329

    Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

    • @BrandonIvan-c6e
      @BrandonIvan-c6e 3 місяці тому

      Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

    • @Donnafrank-k6e
      @Donnafrank-k6e 3 місяці тому

      @@BrandonIvan-c6e However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.

    • @BrandonIvan-c6e
      @BrandonIvan-c6e 3 місяці тому

      @@Donnafrank-k6e Oh please I’d love that. Thanks!

    • @Donnafrank-k6e
      @Donnafrank-k6e 3 місяці тому

      @@BrandonIvan-c6e Clementina Abate Russo is her name

    • @Donnafrank-k6e
      @Donnafrank-k6e 3 місяці тому

      Lookup with her name on the webpage.

  • @azieltobias
    @azieltobias 10 місяців тому +1129

    Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

    • @mellon-wrigley3
      @mellon-wrigley3 10 місяців тому +2

      Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

    • @sloanmarriott5
      @sloanmarriott5 10 місяців тому +1

      You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.

    • @Buffet-walton22
      @Buffet-walton22 10 місяців тому

      ​ *@shirleygarland4766* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

    • @sloanmarriott5
      @sloanmarriott5 10 місяців тому +1

      GERTRUDE MARGARET QUINTO maintains an online presence. Just make a simple search for her name online.

    • @sloanmarriott5
      @sloanmarriott5 9 місяців тому

      Gertrude Margaret Quinto, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @joshmillard7029
    @joshmillard7029 3 роки тому +237

    I had a similar experience when my dad passed away. After paying off a few debts I just had to let the cash sit in a savings account for almost a year until I could plan for the best way to invest it. Being intentional is usually more important than being quick.

    • @igorseprak6177
      @igorseprak6177 3 роки тому +13

      Just letting the money sit in the bank is probably best. Not making much but not losing any at all. No fees for taking it out and it’s perpetually liquid...

    • @harryblack-maskers6913
      @harryblack-maskers6913 3 роки тому +17

      @@igorseprak6177 except when you take inflation into consideration and realise that you’re essentially losing money if you keep it in the bank . . .

    • @igorseprak6177
      @igorseprak6177 3 роки тому +2

      @@harryblack-maskers6913
      You are right if we’re talking Germany 1920s inflation and Zimbabwe’s recent hyperinflation. Otherwise NO.

    • @harryblack-maskers6913
      @harryblack-maskers6913 3 роки тому +14

      @@igorseprak6177 so long as inflation is more than your interest rate you’re losing money, fact . . .

    • @X11CHASE
      @X11CHASE 3 роки тому

      @@harryblack-maskers6913 these people are idiots, you’re never gonna “convert” them.

  • @HarryBishopm
    @HarryBishopm 3 місяці тому +798

    My aunt passed away, and I inherited part of her portfolio and cash savings. I'm 28 years old, and everyone always tells me to invest. So, what are excellent long-term investments? how can I grow this money

    • @Arleth-q1c
      @Arleth-q1c 3 місяці тому

      Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that. If you don't have experience, you could consult with a broker

    • @Lodge-w1m
      @Lodge-w1m 3 місяці тому

      Same, I just use UA-cam for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own. I have consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains in close to decade of having one

    • @Pickerell
      @Pickerell 3 місяці тому

      Could you recommend who it is you work with?

    • @Lodge-w1m
      @Lodge-w1m 3 місяці тому

      Victoria Louisa Saylor is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @user-ct1lf3hf1v
      @user-ct1lf3hf1v 3 місяці тому

      If you really don't even want to think about the money or look at it, you can double it on average every 7-10 years by buying into the S&P500 through SPY (the acronym for SPDR S&P 500 ETF Trust)

  • @BeckyJames-g7m
    @BeckyJames-g7m 3 місяці тому +333

    Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do

    • @AbdulazizMuhammad-c3i
      @AbdulazizMuhammad-c3i 3 місяці тому

      @EricJose-hn6cfYou're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?

    • @FredMeyer-no3ji
      @FredMeyer-no3ji 3 місяці тому

      Trading with Kate Herman trading analysis

    • @diegomatias7076
      @diegomatias7076 3 місяці тому

      Any specific guide. I'm from New Orleans how do I go about this? I think I'm interested how can I get in touch with Mrs Kate Herman

    • @FredMeyer-no3ji
      @FredMeyer-no3ji 3 місяці тому

      I will leave her info below this commend

    • @FredMeyer-no3ji
      @FredMeyer-no3ji 3 місяці тому

      ‪+1

  • @FrankPatrick-no8zo
    @FrankPatrick-no8zo 4 місяці тому +233

    The importance of diversifying your investments and always putting your money to work is one thing I've learned from millionaires. This year, I expect to make a return on the about $100K that I plan to invest in equities.

    • @DennisJack-km8ho
      @DennisJack-km8ho 4 місяці тому +4

      Indeed, you are correct. Investing in a variety of asset types, such as bonds, real estate, and foreign equities, can help spread out your money and lessen the impact of a market catastrophe. This is, in my opinion, the greatest strategy.

    • @albacus2400BC
      @albacus2400BC 4 місяці тому +3

      That is logical. I have a six-figure diversified stock portfolio and have been using a financial market specialist for the past two years. However, this year I want to diversify even more.

    • @CrystalJoy-32
      @CrystalJoy-32 4 місяці тому +3

      I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

    • @albacus2400BC
      @albacus2400BC 4 місяці тому +4

      Amber Michelle Smith has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

    • @RuthEvelyn-rc3bg
      @RuthEvelyn-rc3bg 4 місяці тому +1

      Thank you for sharing, I must say she appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled

  • @dulcehahn12
    @dulcehahn12 3 місяці тому +89

    You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

    • @AliceAnderson-in1et
      @AliceAnderson-in1et 3 місяці тому

      I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?

    • @IsaacClark-j7h
      @IsaacClark-j7h 3 місяці тому

      As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

    • @dulcehahn12
      @dulcehahn12 3 місяці тому

      As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Gomez. A widely known crypto consultant

    • @AliceAnderson-in1et
      @AliceAnderson-in1et 3 місяці тому

      I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week...

    • @dulcehahn12
      @dulcehahn12 3 місяці тому

      I started working with Alex Gomez back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.

  • @AndersonFair-cy2bb
    @AndersonFair-cy2bb 5 місяців тому +680

    I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?

    • @FaithAndrada-xo9ou
      @FaithAndrada-xo9ou 5 місяців тому +3

      I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

    • @Raymondcraw1967RaymondCrawley
      @Raymondcraw1967RaymondCrawley 5 місяців тому +1

      The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. that’s what works for my spouse and I. We've made over 30% capital growth minus dividends.

    • @BrewerVera
      @BrewerVera 5 місяців тому +2

      I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

    • @Raymondcraw1967RaymondCrawley
      @Raymondcraw1967RaymondCrawley 5 місяців тому +7

      Her name is. 'Amy Desiree Irish’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @BrewerVera
      @BrewerVera 5 місяців тому +2

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @Patriciacraig599
    @Patriciacraig599 6 місяців тому +279

    Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

    • @Alejandracamacho357
      @Alejandracamacho357 6 місяців тому +2

      Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

    • @Christine-ce4xo
      @Christine-ce4xo 6 місяців тому +1

      The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

    • @Natalieneptune469
      @Natalieneptune469 6 місяців тому

      One of my goals is to employ the service of one this year. I've seen some off LinkedIn but wasn't able to get a response. Could you recommend who it is you work with?

    • @Christine-ce4xo
      @Christine-ce4xo 6 місяців тому +4

      Linda Aretha Reeves is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

    • @Natalieneptune469
      @Natalieneptune469 6 місяців тому

      I just checked her out and I have sent her an email. I hope she gets back to me soon

  • @klunnikov
    @klunnikov 5 місяців тому +53

    Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

    • @fedorinovsubdivision
      @fedorinovsubdivision 5 місяців тому

      I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

    • @fedorinovsubdivision
      @fedorinovsubdivision 5 місяців тому

      Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

  • @2274brian
    @2274brian 3 роки тому +674

    Shocked that Dave never asked him how much debt he had. I have a weird feeling that he ain't debt free.

    • @Calypso-rb9sf
      @Calypso-rb9sf 3 роки тому +55

      Same here. I would figure the best advice for a 25 year old would be to use that 200k to pay off all/most of their outstanding debt....so they can work on bettering their career and salary without the weight and worry of that debt. Then invest what's left in a mutual fund or index fund and forget you have it.

    • @matthewgardner2144
      @matthewgardner2144 3 роки тому +39

      Dave glosses over a LOT. And sometimes focuses on the weirdest stuff.

    • @dhoytinaz
      @dhoytinaz 3 роки тому +11

      Yeah I was waiting for him to walk him through the baby steps to see where he's actually at.

    • @mattsarff2793
      @mattsarff2793 3 роки тому +6

      Yeah i would pay off all outstanding debts and other liabilities and then invest the rest in VTI and set it and forget it

    • @Whocares12343
      @Whocares12343 3 роки тому +16

      He send him to ramsey+ with a coach thats the first thing they will ask him

  • @bobbymainz1160
    @bobbymainz1160 8 місяців тому +1173

    I have 35% of my capital investments in an IRA, 25% in index funds, and the balance spread across other investment accts totalling over $250k. I took a big hit in Q2, 2023. Right now i am just looking for ways to recover in 2024.

    • @alexyoung3126
      @alexyoung3126 8 місяців тому +3

      There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts

    • @jameswood9772
      @jameswood9772 8 місяців тому +1

      I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

    • @johnlennon232
      @johnlennon232 8 місяців тому +3

      this is all new to me, where do I find a fiduciary, can you recommend any?

    • @jameswood9772
      @jameswood9772 8 місяців тому +5

      ‘Rachel Sarah Parrish’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @johnlennon232
      @johnlennon232 8 місяців тому +2

      I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

  • @SeanBaker
    @SeanBaker 3 роки тому +199

    He has a great opportunity to do the right thing with this money. I hope he succeeds.

    • @zombl337og
      @zombl337og 2 роки тому +6

      always happy to see ppl helping others and encouraging them when they succeed instead of putting them down and asking for a cut.

    • @jackstoltz1379
      @jackstoltz1379 Рік тому +3

      He ended up putting it all on black

    • @jayc4715
      @jayc4715 11 місяців тому

      ​@@jackstoltz1379all on black tar heroin

  • @ClarenceFerland
    @ClarenceFerland Місяць тому +230

    I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Grace Miller for helping me achieve this

    • @adrianamatilda1
      @adrianamatilda1 Місяць тому

      She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

    • @jadewashington7
      @jadewashington7 Місяць тому

      I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.

    • @GrozaGroza-ko7fn
      @GrozaGroza-ko7fn Місяць тому

      The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

    • @HighlightsSerieATIM
      @HighlightsSerieATIM Місяць тому

      I'm new at this, please how can I reach her?

    • @anatolyivan
      @anatolyivan Місяць тому

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

  • @graywilliams_77.
    @graywilliams_77. 9 місяців тому +145

    Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

    • @graywilliams_77.
      @graywilliams_77. 9 місяців тому

      Jenny Pamogas Canaya, that's whom i work with

    • @susannicky
      @susannicky 9 місяців тому

      I am going to look her up, 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.

    • @Corless116
      @Corless116 8 місяців тому

      I like to work with Mike Oxenormis, he never lets me down.

    • @Corless116
      @Corless116 8 місяців тому

      Hugh Jaynus showed growth potential I couldn't have imagined.

  • @CheyanneSmitham
    @CheyanneSmitham Місяць тому +105

    Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time

    • @DawnRempel7
      @DawnRempel7 Місяць тому

      I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?

    • @CheyanneSmitham
      @CheyanneSmitham Місяць тому

      As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex. A widely known crypto consultant

    • @AlexieAuer
      @AlexieAuer Місяць тому

      I'm surprised that this name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week...

    • @DawnRempel7
      @DawnRempel7 Місяць тому

      I'm a beginner please how can i reach out Alex

    • @CheyanneSmitham
      @CheyanneSmitham Місяць тому

      This is he’s telegrams user name

  • @noahestus6830
    @noahestus6830 3 роки тому +63

    This call slowly got more outrageous over time. He could very easily squander this by “competing” and be 30 with zero money 😬

    • @MikeSmith-ng3rv
      @MikeSmith-ng3rv 3 роки тому +7

      When he said how much he makes a year, I knew a "fool and his money are soon parted". I couldn't watch this video beyond that.

  • @lkj0822g
    @lkj0822g 3 роки тому +466

    This guy is not going to listen to Dave's advice. He wants to be a millionaire "soon".

    • @Robmancan1987
      @Robmancan1987 3 роки тому +65

      He wants to skip the work and go straight to being rich and famous. That's a good way to be broke and wanted, by the police.😂

    • @jasonalvey7656
      @jasonalvey7656 3 роки тому +20

      invested correctly he could make it there in 3-5 years easily.

    • @legony1
      @legony1 3 роки тому +18

      He’s going to burn thru that check so quickly

    • @talyahr3302
      @talyahr3302 3 роки тому +14

      Yeah. He's 25 and wants be a millionaire by 30, but there's no need to be a millionaire that early. He should be more concerned with doing his actions properly to reach his goal, and not so concerned about doing it so fast. He's young af.

    • @raysilva12
      @raysilva12 3 роки тому +8

      You don’t even know him lol quit speaking on people that comment says a lot about yourself

  • @ClaxtonBay123
    @ClaxtonBay123 3 роки тому +41

    Pay off your debts and throw all of it in an SP500 index.

  • @KimberlyWillowWood
    @KimberlyWillowWood 5 місяців тому +649

    I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

    • @Michelle_Sanders561
      @Michelle_Sanders561 5 місяців тому

      Cynthia Mcclure Alexander is the licensed fiduciary my family uses. Just research the name. You’ll find necessary details to work with a correspondence to set up an appointment.

    • @AnnBurrow-vb8tt
      @AnnBurrow-vb8tt 5 місяців тому

      I retired 7 1/2 years ago. My husband retired two years ealier also at age 62. To date we have not touched a dime of our retirement savings. We are having zero issues living on nothing more than our Social Security. What's our secret? Simple,we had a good family CFA which happens to be same Cythnia so we retired debt free.

    • @KimberlyWillowWood
      @KimberlyWillowWood 5 місяців тому

      Thanks a lot for the recommendation.

    • @KimberlyWillowWood
      @KimberlyWillowWood 5 місяців тому

      I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

    • @andysterdam
      @andysterdam 5 місяців тому

      Does “Cynthia” also give back massages?😂

  • @Angelavaldess
    @Angelavaldess 8 місяців тому +1670

    Regardless it's best to consult a professional financial advisor before making any decisions. As a business owner and eBay reseller of all categories, I can attest to the fact that we are almost in recession and that everyone is running out of money.

    • @DanielPanuzi
      @DanielPanuzi 8 місяців тому +2

      I agree with you, especially for near retiree and does who knows nothing next to finance it is the best thing to do speaking from experience.

    • @hullbruce
      @hullbruce 8 місяців тому +1

      @@DanielPanuzi Starting early is the best way to build wealth, investing remains a priority. I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. I earn enough from home and live comfortably with her help.

    • @hullbruce
      @hullbruce 8 місяців тому +1

      Starting early is the best way to build wealth, investing remains a priority. I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. I earn enough from home and live comfortably with her help.

    • @Jaymilnere
      @Jaymilnere 8 місяців тому +1

      @@hullbruce Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

    • @hullbruce
      @hullbruce 8 місяців тому +1

      @@Jaymilnere Sure, the likes of the popular lady Alicia Estela Cabouli does a good job. Just look up the name, you’d find details on the web to set up an appointment as she offers free consultations from first timers like yourself.

  • @mannyjeanpierre4062
    @mannyjeanpierre4062 3 роки тому +115

    200k can be gone in a flash. Hope he's wise with it

  • @Force5_Eye_Dev
    @Force5_Eye_Dev 2 роки тому +25

    Probably the best straight forward advice I’ve heard come out of this show. He can do it. Use a small portion to help him ride the storm. Invest and forget the bulk. And go live his passion. Great stuff. Ramsey channel.

  • @raychristopher7797
    @raychristopher7797 10 місяців тому +209

    Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌

    • @harrisonmichael5047
      @harrisonmichael5047 10 місяців тому +1

      Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figures in 3 months, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement

    • @raychristopher7797
      @raychristopher7797 10 місяців тому

      @@harrisonmichael5047 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name KRISTIN GAIL CUNNINGHAM and everything changed. I started enjoying huge returns from my investment.

    • @harrisonmichael5047
      @harrisonmichael5047 10 місяців тому

      @@raychristopher7797 Despite the economic crisis and the rate of unemployment now is the best time to invest

    • @raychristopher7797
      @raychristopher7797 10 місяців тому

      @@harrisonmichael5047 Surf the web for her info it's easier to get on her webpage.

    • @harrisonmichael5047
      @harrisonmichael5047 10 місяців тому

      @@raychristopher7797 Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.

  • @OrsonGilbert-nc7cf
    @OrsonGilbert-nc7cf 5 місяців тому +211

    Your videos were great!! I'm one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.

    • @HarrisonGray373
      @HarrisonGray373 5 місяців тому +6

      It's wise to seek professional guidance when building a strong financial portfolio due to its complexity.

    • @ChristopherLookman
      @ChristopherLookman 5 місяців тому +3

      Talking to an expert like Michelle Brown to reshape your portfolio is a smart move.

    • @jameswillis4948
      @jameswillis4948 5 місяців тому

      Certainly! I diversified my $20,000 portfolio across different markets

    • @jameswillis4948
      @jameswillis4948 5 місяців тому

      I made a net profit of around $97k by investing in high dividend yield stocks, ETFs, and equity

    • @Robertowen715
      @Robertowen715 5 місяців тому

      The reality is that you cannot do it without a tried and true trader like Michelle

  • @jasonmoquin
    @jasonmoquin 2 роки тому +45

    Took me 14 years of hard work and willpower to amass what he's getting in one check, without doing a single thing to get it. I mean, good for him, but I do admit that I'm a little envious. What impresses me is that he's this young and the first thing on his mind is "How can I make this work for me and maximum the opportunity?" instead of "What can I buy with this?". He called the right place.

    • @jaredfrazier2216
      @jaredfrazier2216 2 роки тому +2

      Jealous is normal. Envy is very bad. Idk if you actually feel that way or you misspoke

    • @Brownmamba12
      @Brownmamba12 2 роки тому

      Right must be nice to have that and do nothing 🙁

    • @valeria-militiamessalina5672
      @valeria-militiamessalina5672 Рік тому +2

      Relative; some inherit millions and kingdoms, some nothing

    • @davidm.1667
      @davidm.1667 Рік тому

      Took you 14 years to get 200k?..

    • @Ivan-rp6ez
      @Ivan-rp6ez Рік тому +3

      My wife lost her father and inherited some money. She would give every cent back to have him here. He died in a work related accident. She invested the money and almost feels guilt for using any of it. She will not even let me borrow any of it. Everyone thinks differently.

  • @JuanCarlos_J
    @JuanCarlos_J 8 місяців тому +1432

    I was part of the recent layoffs at twitter and this bites hard. I am grateful that I kept some savings about; $600k and I am looking for ways to invest this into the stock market to generate good dividends to supplement for my monthly expenses.

    • @MiquelMorterero
      @MiquelMorterero 8 місяців тому

      I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

    • @Gigachadly
      @Gigachadly 7 місяців тому +15

      😂😂😂 this is a sophisticated scam you guys got going on in this comment section

    • @renarszageris1963
      @renarszageris1963 7 місяців тому +5

      ​@@GigachadlySoon scam bots will start to scam each other. :D

    • @davef6337
      @davef6337 7 місяців тому +1

      @@GigachadlyAmazing isn’t it? How fast and often they show up. Surprised they haven’t been weeded out yet.

    • @pauljansen6650
      @pauljansen6650 Місяць тому

      Bot

  • @Lon1001
    @Lon1001 3 роки тому +265

    I really liked this call, they didn't slam the guy for wanting a career in the fitness industry.

    • @Darkri56789
      @Darkri56789 3 роки тому +8

      @Leroy Brown to be fair, if he’s good enough it can replace his income. That’s good enough on it’s on to pursue it if he really loves the work.

    • @Shawn-ho6de
      @Shawn-ho6de 3 роки тому +11

      One way of looking at it is atleast he will always be in shape even if he doesn't make a lot. In someway that can provide a lot of happiness.

    • @RealGalaxyGamers
      @RealGalaxyGamers 3 роки тому +3

      @Leroy Brown
      Ken Coleman is not a psychologist!
      He is just the Ramsey personality that knows a lot about jobs and how to find the one for you!

    • @ericdahl2915
      @ericdahl2915 3 роки тому +1

      Why should he? It's a viable career

    • @TheeRomantic
      @TheeRomantic 3 роки тому

      They should've 🤣 a fitness business isn't a million dollar idea

  • @ameliagarcia3485
    @ameliagarcia3485 3 роки тому +145

    You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.

    • @ramonlopez9687
      @ramonlopez9687 3 роки тому +1

      The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.

    • @vivianbrown7264
      @vivianbrown7264 3 роки тому +1

      To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal. Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.
      Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

    • @emilydavis8321
      @emilydavis8321 3 роки тому

      @vivian can you endorse any ?

    • @vivianbrown7264
      @vivianbrown7264 3 роки тому

      Tamara Diane Hagan does a perfect job. look her up on the web

    • @emilydavis8321
      @emilydavis8321 3 роки тому

      thanks Vivian. found her website.

  • @BrendanEvan
    @BrendanEvan 3 роки тому +230

    “You have never driven a car before and someone just gave you car keys”
    That pretty much sums it up 🏎

    • @lindavel43
      @lindavel43 3 роки тому +4

      As someone who grew up under the poverty line this is true. I'll pay off my student loan that is only 6k since I cash flowed most of my schooling. I need to start looking into how to save and invest. Sad part is that my mom is so good at saving. If she had invested that money she would be a millionaire by now.

    • @theblackknight9783
      @theblackknight9783 2 роки тому +1

      @@lindavel43 investing isn’t everybody’s strong point. Some people just know how to save and manage to live off of what they worked for.

    • @jaikeerthy1840
      @jaikeerthy1840 4 місяці тому

      4:20 "And all your broke friends have an opinion already, don't they"

  • @cristinabaker5292
    @cristinabaker5292 3 роки тому +60

    Dividend investing is great, just be patient. I went from making enough passively to pay for my netflix and hulu to now making enough to cover half of my mortgage. Not commenting this to brag, just to give hope to anyone who is discouraged by tiny gains in the beginning.

    • @Gbdnd
      @Gbdnd 3 роки тому

      what route did you take? how can one invest more efficiently? help. sounds like you got something going for you. I am new at investing and really want in.

    • @AyaanFarax223
      @AyaanFarax223 3 роки тому

      Recently I got into the financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. hoping to get to your level someday.

    • @cristinabaker5292
      @cristinabaker5292 3 роки тому

      @@Gbdnd I've been working with someone who changed my idea about the stock industry and how DGI works ..I invest with the guidance of Jeannette Michelle Monroe, I came across her on an investment webinar, just search her name on line to know more about her. You can reach her from there..cheers

    • @Gbdnd
      @Gbdnd 3 роки тому

      @@cristinabaker5292 Just researched her accreditation online and qualifications on FINRA and SEC, she seems really solid and i have sent her a mail already hopefully she replies soon enough.

    • @josephpatrow
      @josephpatrow 3 роки тому +1

      I like my Divvies, agree with you CB, they can pay the bills : )

  • @bobbyrebholz2183
    @bobbyrebholz2183 3 роки тому +130

    I'm rooting for the guy. Twenty five years old and instead of burning $200k with hot women, a car, partying, he's thinking long-term. This guy is going to be a multimillionaire. Girls, cars, traveling, all that will eventually come as a nice byproduct from working hard.

    • @felixol
      @felixol 3 роки тому +2

      Agree

    • @aisha-3857
      @aisha-3857 2 роки тому +5

      He just wants to be a millionaire to party with fast cars

    • @Ryanbenitezfilms
      @Ryanbenitezfilms 2 роки тому +7

      Girl*. You only need the one. He who finds a wife finds a good thing. 👍

    • @MikeG82
      @MikeG82 10 місяців тому

      who wants girls when they only want you for your money? if they don't want you when you are average joe don't even bother unless you want to lose it in divorce court

  • @PhilipMurray251
    @PhilipMurray251 5 місяців тому +272

    Regretting missing out on earlier Bitcoin investments, I kept funds in a HYSA. Now, with $200k to invest, I aim to avoid FOMO and buying at the peak. What's the best approach for a newbie to navigate the market?

    • @Natalieneptune469
      @Natalieneptune469 5 місяців тому +4

      The dollar is literally being destroyed / debased / devalued. The best performing asset in the history of the world is BITCOIN. BITCOIN is by far the best store of value. 10 years from now you’ll be thankful for every dollar you put into BITCOIN.

    • @Christine-ce4xo
      @Christine-ce4xo 5 місяців тому +2

      well the crypto market is expected to do way better than any other equity sectors this 2024 especially with the SEC crypto ETF approval but it’s a volatile market nevertheless and if you’re new to it, it’s best to reach out to an experienced adviser for proper guidance.

    • @Robertgriffinne
      @Robertgriffinne 5 місяців тому +1

      Yes, my asset manager advised I spread further into mutual funds and crypto Etf and boy am I glad I did. The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful, because what Avg. Joe really has time to watch and comprehensively analyse the market.

    • @PhilipMurray251
      @PhilipMurray251 5 місяців тому

      Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.

    • @Robertgriffinne
      @Robertgriffinne 5 місяців тому +4

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

  • @anthonyescareno
    @anthonyescareno 3 роки тому +52

    I'm always amazed at hearing how the average yearly incomes are so vastly different in different parts of the county.

    • @jaredfrazier2216
      @jaredfrazier2216 2 роки тому +3

      It's almost as if cost of living is vastly different also. Lol like what

    • @BriLoveMusic
      @BriLoveMusic 2 роки тому +4

      @@jaredfrazier2216 And it's like there are people who have no motive to earn more either..... whoa. Mind blowing it is.
      Location doesn't always directly correlate to the incomes.

  • @MilesGardner-ex8ym
    @MilesGardner-ex8ym 8 місяців тому +122

    I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

    • @FredrickSam-io2gv
      @FredrickSam-io2gv 8 місяців тому

      thats right I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

    • @PatriciaTrim-yh2qw
      @PatriciaTrim-yh2qw 8 місяців тому

      This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @FredrickSam-io2gv
      @FredrickSam-io2gv 8 місяців тому

      Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

    • @MilesGardner-ex8ym
      @MilesGardner-ex8ym 8 місяців тому

      I just looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her. Thanks a lot man

    • @_ph4nt0mzz_47
      @_ph4nt0mzz_47 8 місяців тому +1

      Nice bots

  • @giorga2004
    @giorga2004 8 місяців тому +3

    This guys whole thought process is crazy. Makes 35k thousand a year and wants to be a millionaire by 30. But he doesn’t want to pursue anything that’s difficult or stressful.

  • @dweb2275
    @dweb2275 3 роки тому +9

    Put 50% in VTI and 50% in QQQ (or SCHG) and forget about it for 20 years.

  • @r.jay2691
    @r.jay2691 3 роки тому +10

    I would put that 200k into index funds instead of mutual funds…… Mutual funds are outdated and has high fees.

  • @livingunashamed4869
    @livingunashamed4869 3 роки тому +139

    He better invest at least half of it, he's young and decades of compound interest will set him up beautifully.

    • @daniellamoreno3616
      @daniellamoreno3616 3 роки тому +3

      Good advice!

    • @True2U08
      @True2U08 3 роки тому

      Where to invest?

    • @True2U08
      @True2U08 3 роки тому +1

      @@livingunashamed4869 Oh, I was asking for myself. Trying to figure this thing out. Thanks btw.

    • @shaereub4450
      @shaereub4450 3 роки тому +3

      @@True2U08 id say taxable account in a robo advisor (ETF or index funds).

    • @nickthekid6516
      @nickthekid6516 3 роки тому +3

      Crazy how much can compound for him in another 25 yrs when he is 50!!!

  • @floxydorathy6611
    @floxydorathy6611 Рік тому +205

    These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

    • @DreamweaverShade-h9p
      @DreamweaverShade-h9p Рік тому +2

      Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

    • @MakeamericaGreatagain-h7j
      @MakeamericaGreatagain-h7j Рік тому +3

      @@DreamweaverShade-h9p Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 930k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2018, and I return at least $58k ROI, and this does not include capital gain.

    • @Aziz__0
      @Aziz__0 Рік тому +2

      @@MakeamericaGreatagain-h7j Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

    • @MakeamericaGreatagain-h7j
      @MakeamericaGreatagain-h7j Рік тому +4

      @@Aziz__0 I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with NICOLE DESIREE. SIMON” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her

    • @Aziz__0
      @Aziz__0 Рік тому +2

      @@MakeamericaGreatagain-h7j Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.

  • @CybreSmee
    @CybreSmee 3 роки тому +27

    Wow, wish I had seen this video a few years back. I was in the exact same position, had $200k inheritance. I lost about $80k propping up my business which failed, the rest is sitting in a expensive sports car that was part of the will. Lucky, in a strange way, as I couldn't use the cash and the car is actually valued more than the trust value, so its a nice little nest egg. I think I will sell it and follow Dave's advice closely too.

    • @christiantakeyourdadfishin1655
      @christiantakeyourdadfishin1655 2 роки тому

      What sort of business was it?

    • @CybreSmee
      @CybreSmee 2 роки тому

      @@christiantakeyourdadfishin1655 Music media business. Coof killed the music scene in my country

    • @harper07harper
      @harper07harper 2 роки тому +1

      @@CybreSmee I feel you. Lost 100k on day trading, over leveraged. Sucks. Have about 250k coming in soon from the same inheritance, so will be sure not to loose it. Looking at real estate and buying/ refinancing getting up to 5k a month NET income within a year is the goal..

  • @nathanaelsegura2535
    @nathanaelsegura2535 День тому

    2:35
    3:47 Don't put money in something that you don't understand
    5:03 good growth stock mutual funds
    6:00 mutual funds
    7:20
    8:35

  • @r4rasa
    @r4rasa 3 роки тому +8

    Just invest in VOO and forget about it for 10 years. DO not invest in mutual funds as Dave says. If you want to talk a bit of a risk buy ETF and the buy blue chip stocks. Mutual funds are there to make Dave rich

    • @sebi089
      @sebi089 3 роки тому +2

      True

    • @MuzixMaker
      @MuzixMaker 3 роки тому +2

      Ha ! Great minds think alike. Made the same comment.

  • @m4mckenna
    @m4mckenna 3 роки тому +26

    As a trainer myself I couldn’t agree more Dave and his team’s career advice here.

  • @KevinSproul
    @KevinSproul 3 роки тому +52

    One of the biggest bodybuilders ever was a cop ontil after he started making money competing. So yeah. Holding down a day job while you go for that dream is a good idea.

    • @DustinDeweerd
      @DustinDeweerd 3 роки тому +7

      Roni Coleman!! Light weight!

    • @mroberts566
      @mroberts566 3 роки тому +6

      Ronnie was still a cop when he won Mr. Olympia. I don’t know if he was the biggest, but he was the best.

    • @Shawn-ho6de
      @Shawn-ho6de 3 роки тому

      Yeah Buddy!
      I wonder if anyone gets this comment...lol

    • @preston0808
      @preston0808 3 роки тому +1

      Aint nuthin but a peanut

    • @genzlegacy7988
      @genzlegacy7988 3 роки тому +3

      *LIGHT WEIGHT BABY*

  • @KromaJakes-qo1sn
    @KromaJakes-qo1sn 6 місяців тому +48

    My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? I really need some urgent advice

    • @GeorgeCooke-wo7bx
      @GeorgeCooke-wo7bx 6 місяців тому

      Keeping up with news sources like CNBC could help out
      Just buy when prices are low and sell when prices rise

    • @IvorThomson
      @IvorThomson 6 місяців тому

      No lock on my side yet, just a sideways trend and a bear market crushing my portfolio. Need a bull run ASAP!

    • @BarisMehmet-ux7yj
      @BarisMehmet-ux7yj 6 місяців тому

      Buy more and hold onto it for the long term. Solana and Raydium seem good, and Dogecoin is worth considering too.

    • @RobBarnes-jk5zr
      @RobBarnes-jk5zr 6 місяців тому

      I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with
      experience

    • @JulioIbanez-mb4il
      @JulioIbanez-mb4il 6 місяців тому

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. Over the years, Ive been able to achieve a level of financial growth that I never thought possible, by just partnering with seasoned traders and financial advisors. This method remains highly efficient even till today

  • @CrystalJoy-32
    @CrystalJoy-32 10 місяців тому +275

    I just want my money to keep outgrowing the inflation rate. That is why I'm looking for companies now to put in $200k for a start. Just don't know strategies to employ in buying stocks to invest in

    • @jose2212-
      @jose2212- 10 місяців тому +4

      Chose quality stocks and follow them up. If you're not one for such complexities, hire a wealth manager to grow your money. I use the latter. Pulled in more than $46k in the last two months alone.

    • @judynewsom1902
      @judynewsom1902 10 місяців тому +4

      I agree with you. This is what I do too. I'm not cut out for financial reports and industry news, so I use a wealth manager. Profits have been very consistent since 2020. i've pulled in roughly $1M in ROI since then

    • @carolynrose1816
      @carolynrose1816 10 місяців тому +4

      I've been thinking about switching but have been hesitant. Could you recommend your financial advisor? I'd appreciate some assistance.

    • @judynewsom1902
      @judynewsom1902 10 місяців тому +4

      ’Vivian Louise Dehoff’. is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @PotBellyPete69
      @PotBellyPete69 10 місяців тому +3

      I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  • @glennodell4003
    @glennodell4003 2 роки тому +10

    I too have recently inherited a large amount , I am absolutely in a state of gratitude, not every one gets this, however I feel very intimidated, and still very afraid to spend . This was a helpful call . I hope to be a caller.

    • @schuylergeery-zink1923
      @schuylergeery-zink1923 2 роки тому +2

      Sometimes it’s as simple as getting out of debt, or paying off your house/buying a house, things which alleviate your burdens. Or as Dave sometimes says, spend part of it, give part of it away to charity, and invest the majority of it in index funds/brokerage account. Or purchase a rental property, etc. whatever investment you understand.

  • @linkingwithnaz1295
    @linkingwithnaz1295 3 роки тому +267

    Caller: I want to follow my passion
    Ken: What's your passion
    Caller: I want to become a Instagram fitness influencer
    Ken: *Cringe*

    • @annajones9701
      @annajones9701 3 роки тому +27

      Everyone does not want to work. They want easy money

    • @Lon1001
      @Lon1001 3 роки тому +12

      @@annajones9701 I mean, you can be a hard worker and an instagram fitness influencer, they are not mutually exclusive. He just has to be realistic about it and Ken talked with him respectfully about it. Either way is better than having a low pay meat business that you don't like.

    • @underdog6074
      @underdog6074 3 роки тому +6

      @@thekiaradanielle everyone DOES do it lol

    • @levonthedale1143
      @levonthedale1143 3 роки тому +6

      You can hear Dave sigh after that

    • @silverstar4289
      @silverstar4289 3 роки тому +6

      @@annajones9701 Henry Ford said most people don't recognize opportunity, because it comes dressed in work clothes and requires effort

  • @MattandAbby
    @MattandAbby 3 роки тому +121

    You don't need much to get into content creation. At the end of the day, all you need is a story and a phone.

    • @abigailk402
      @abigailk402 3 роки тому +2

      Giving y’all a like because I watch both you and Dave 😂

    • @Gridironwarplans
      @Gridironwarplans 3 роки тому +1

      But how many actually can make money that way?

    • @Glizzygloss
      @Glizzygloss 3 роки тому +1

      Is that Abby Petito?

    • @RAYZGM
      @RAYZGM 3 роки тому

      So how much money do you owe?

    • @supaman321123
      @supaman321123 Рік тому +2

      @@Gridironwarplans Almost 0. For every Matt and Abby you have 1M people that never gain any real traction on UA-cam.

  • @ClementRusso2
    @ClementRusso2 Рік тому +284

    My spouse and I are diversifying our long-term investment portfolio by adding various stocks. We've allocated $220k to begin with, focusing on inflation-indexed bonds and companies with strong cash flows. I think the current market presents a good opportunity for long-term gains, but I'm also interested in learning ways to make short-term profits.

    • @VickyAlvy
      @VickyAlvy Рік тому +1

      Having an adviser is the smartest approach in today's market, especially for those nearing retirement. I personally gained over $270K during this market downturn, which highlighted that there's valuable insight the average individual may not be aware of.

    • @antonnohr
      @antonnohr Рік тому +1

      That's impressive ! I could really use the expertise of these advisors.

    • @VickyAlvy
      @VickyAlvy Рік тому +1

      Hello! My advisor is 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.

    • @michaelcar639
      @michaelcar639 Рік тому

      @@VickyAlvy what’s her strategy? Is this some type of social/copy investing? Would love to hear more.

    • @WvlfCvlt
      @WvlfCvlt 8 місяців тому

      @@VickyAlvy SCAMMMERS!

  • @benjamindavidson22
    @benjamindavidson22 11 місяців тому +130

    Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

    • @emiliabucks33
      @emiliabucks33 11 місяців тому +1

      The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.

    • @carolpaige2
      @carolpaige2 11 місяців тому +1

      Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.

    • @Johnlarry12
      @Johnlarry12 11 місяців тому +1

      Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)Please do you mind referring me to your financial analyst?

    • @emiliabucks33
      @emiliabucks33 11 місяців тому +1

      The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Natalie Lynn Fisk‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

    • @Johnlarry12
      @Johnlarry12 11 місяців тому

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @labarannuhu6345
    @labarannuhu6345 3 роки тому +23

    SOMETIMES ADVERSITY IS WHAT YOU NEED TO FACE IN ORDER TO BECOME SUCCESSFUL.

  • @j.m0ney133
    @j.m0ney133 3 роки тому +99

    Smart man for asking what to do with the money before receiving it. I hope he takes Dave’s advice.

    • @omotayosatuyi252
      @omotayosatuyi252 3 роки тому +1

      @KASHMAER Dude what do u mean there is nothing wrong with getting inheritance

    • @jaredfrazier2216
      @jaredfrazier2216 2 роки тому

      @KASHMAER bro you might have an extra chromosome

    • @pretabs8344
      @pretabs8344 2 роки тому

      @@omotayosatuyi252 he’s just salty it’s not him 😂

  • @Sfount
    @Sfount 3 роки тому +111

    I feel like Dave missed the vibes on this call. This young man wants a plan to have it magically grow to millions without having to work for it so in the meantime he can work out and gain his following to become an influencer & travel and then have millions without working hard for the money… Daves plan sounds like to much work for him lol

    • @4ft3rburn3r
      @4ft3rburn3r 3 роки тому +7

      His goal is to win the Crossfit games every year lol.

    • @preston0808
      @preston0808 3 роки тому +7

      Ehhh I think Dave realizes these things but he speaks as much to the listeners as the caller. He keeps the calls out of the swamp and gives the ideal answer, even if he knows the caller won't listen. It's about more than just the caller for Dave

    • @fkillah
      @fkillah 3 роки тому

      Spot on!

  • @TheDjcarter1966
    @TheDjcarter1966 3 роки тому +51

    So by 40 this guy could be pretty code to a millionaire or he could be broke in a year...good luck hopefully your discipline to fitness can translate to discipline with money

  • @jonrucker
    @jonrucker 2 роки тому +8

    I dont understand why Dave is such an advocate for mutual funds, they have expensive management fees that eat into your profits. Why not VTI or VOO ?

  • @stevem8112
    @stevem8112 3 роки тому +13

    First he should focus on why his income is only 35k.

  • @GunGlutton
    @GunGlutton 3 роки тому +55

    LOLOLOLOLOLOLOL wants to be a IG fitness influencer!! I think we all know how this is going to end. Say goodbye to that 200k

    • @josiahfour25
      @josiahfour25 3 роки тому +2

      If he's in good shape and has something to show for it, then it could be fine. Plus being an influencer doesn't really cost anything. You just post about your typical day to day until people start sponsoring you.

    • @GunGlutton
      @GunGlutton 3 роки тому +7

      @@josiahfour25 yea good luck with that

    • @choicemeatrandy6572
      @choicemeatrandy6572 2 роки тому

      @@josiahfour25 I think this works better for women than men. Women tend not to be the simps men usually are.

  • @chrishill5635
    @chrishill5635 3 роки тому +53

    Invest in SP500. For almost 100 years, it has over a 10% annualized rate of return average with any 10-year period.
    Dave's mutual fund push gets him money. Just buy into a low-fee SP500 index fund.

  • @FatimaAllister
    @FatimaAllister 2 місяці тому +158

    Crypto is risky as many would say but I think the actual risk in Crypto is not investing. Basically, I just made my first $300,000 in crypto market and I barely don't know how to express how happy and excited I am right now.

    • @FatimaAllister
      @FatimaAllister 2 місяці тому +1

      As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Alex Antonio. A widely known crypto consultant

    • @FatimaAllister
      @FatimaAllister 2 місяці тому

      he's mostly on Telegrams, using the user.

    • @FatimaAllister
      @FatimaAllister 2 місяці тому +1

      @proAntonioDaily THAT IS HIS USER NAME

    • @terryyost68
      @terryyost68 2 місяці тому

      It's amazing that you got to know Antonio. He has been a blessing to me and my family.

    • @MarcelWilson200
      @MarcelWilson200 2 місяці тому

      Wow! That's amazing.
      He must be really dedicated and well trusted for people to talk very good about

  • @sssm1051
    @sssm1051 2 місяці тому

    I'm almost 50 and my parents are still alive. I'd rather have parents alive than money. Never rely on inheritance only rely on yourself and of course Dave's advice is pure gold!

  • @bardmade7913
    @bardmade7913 2 роки тому +53

    Making smart investments can be difficult, especially when you don't have the time or knowledge to do it yourself.

    • @co-founderitelle5501
      @co-founderitelle5501 2 роки тому +1

      @Edsakillg Medsarkoll I know right? There is no greater feeling than feeling financially secure and at peace. However, without good financial advice, those feelings may never be obtained. Donald Ben Taylor provides that peace of mind to all those who need it most, which is why he goes out of his way to create personalized solutions for each individual

  • @edhcb9359
    @edhcb9359 3 роки тому +64

    This caller and his money soon will be parted.

    • @nicholasolivas317
      @nicholasolivas317 3 роки тому

      Why you say that?

    • @edhcb9359
      @edhcb9359 3 роки тому +2

      @@nicholasolivas317 As the saying goes “A fool and their money are soon parted”.

    • @EsiriE
      @EsiriE 3 роки тому +2

      😂😂😂😂 why so negative?

    • @edhcb9359
      @edhcb9359 3 роки тому +2

      @@EsiriE Did you listen to them?

    • @DavidEVogel
      @DavidEVogel 3 роки тому +1

      Agree. If you cant manage money before a windfall, you will continue after the windfall. As Dave has said 100 times: "money management is about behavior."