Once You Have $1,000 in Savings | Do These 5 Things ASAP

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  • Опубліковано 25 тра 2024
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    RF Financial Consulting LLC
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    DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

КОМЕНТАРІ • 77

  • @RichardFain
    @RichardFain  21 день тому +1

    Limited Time - 10 Free Fractional Share (Magnificent 7) Stocks! (Deposit $100 Get 10 Free Fractional Share Stocks) or 1.5% Cash Rewards Match (up to $300) for Assets Transferred to Moomoo brokerage account: j.moomoo.com/00EI6e

    • @marcelokufelcarmona775
      @marcelokufelcarmona775 21 день тому

      Pump my 7 wonderful bags 🙏🏻🤣 that’s not a oportunity fake Richard

  • @bernadofelix
    @bernadofelix 21 день тому +78

    Building wealth from nothing involves consistent saving, disciplined spending, and strategic investments. Begin by creating a budget to track expenses and identify areas for savings. Prioritize paying off high-interest debt and establishing an emergency fund. As you build a foundation, start investing in low-cost options like index funds, and focus on continuous learning and improving your skills for better income opportunities.

    • @HectorWhitney
      @HectorWhitney 21 день тому +3

      Impressive insights! For beginners like me, managing and staying updated can be overwhelming. Are you an experienced investor or do you have a strategic approach for staying informed?

    • @tatianastarcic
      @tatianastarcic 21 день тому +2

      The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new market opportunities, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure.

    • @ScottKindle-bk3hx
      @ScottKindle-bk3hx 21 день тому +2

      That's quite remarkable! I'm genuinely interested in benefiting from the guidance of such experienced advisors, especially considering the current state of my struggling portfolio. May I know the name of the advisor who has been assisting you in navigating these financial challenges?

    • @tatianastarcic
      @tatianastarcic 21 день тому +2

      Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

    • @SandraDave.
      @SandraDave. 21 день тому +2

      Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.

  • @mathahplay7018
    @mathahplay7018 20 днів тому +13

    *Americans are fed up with this treasonous administration, I feel like the more I learn about our country low income people my anger grows, Thanks Vivalee, Imagine investing $1000 and receiving $10,450 in 3days. 🇺🇸*

    • @mshaydee-fh8ew
      @mshaydee-fh8ew 20 днів тому +1

      HOW DO I GET ON THIS ?????? 🙏🏻

    • @mathahplay7018
      @mathahplay7018 20 днів тому +2

      *SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME*

    • @mathahplay7018
      @mathahplay7018 20 днів тому +2

      *VIVALEE BEST*

    • @mathahplay7018
      @mathahplay7018 20 днів тому +2

      Get the application installed and search her up at the name above.

    • @harpersmith8772
      @harpersmith8772 20 днів тому

      She’s the best honestly I’m also a beneficiary. This inflation has taught people the importance of multiples income investment helps alots.

  • @richhands5269
    @richhands5269 21 день тому +11

    My three favorite Finance channels: Richard Fain, Stock Brotha, & Larry Jones. Make my week complete! 🔥 🔥 🔥

  • @mitchellerashica
    @mitchellerashica 21 день тому +31

    Interesting! If i had that capital, i would definitely have some flexibility. I would consider diversifying across different asset classes.

    • @LucaZaniolo
      @LucaZaniolo 21 день тому

      Absolutely. It's crucial to have a well-thought-out plan, especially considering the current state of the global economy.

    • @sabrinamarquez1197
      @sabrinamarquez1197 21 день тому

      I agree. Given the uncertainties, it might be wise to allocate a portion to safer options like bonds or fixed income securities.

    • @louisstapleton1889
      @louisstapleton1889 21 день тому

      @@sabrinamarquez1197You are right

    • @louisstapleton1889
      @louisstapleton1889 21 день тому

      But don't forget about growth potential. You'll want to balance safety with opportunities for higher returns, maybe through a mix of stocks and real estate.

    • @mitchellerashica
      @mitchellerashica 21 день тому

      The problem is that people don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging condition

  • @Price8903
    @Price8903 21 день тому +8

    1. Invest in yourself (skill set). More value you can add to the marketplace therefore increase your income. Income is the #1 way to build wealth.
    2. Put it in an emergency fund.
    3. Start paying off high interest rate credit card debt.
    4. Start a business.
    5. Start investing in assets.

  • @BelindaAlmond-tj4wy
    @BelindaAlmond-tj4wy 21 день тому +10

    If you don't find a means of multiplying your income you will wake up one day to realize you didn't plan well

    • @HansikaBrown
      @HansikaBrown 21 день тому +2

      Hearing it last week got me scared so I agree with you! Investing puts money to work. The only reason to save money is to invest it

    • @MarisKumar
      @MarisKumar 21 день тому +2

      This is correct, Sarah Hudson's strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started

    • @AzMonarch-hr7dd
      @AzMonarch-hr7dd 21 день тому +1

      Sarah Hudson Has Really Set The Standard For Others To Follow, We Love Her Here In The UK, as she has been really helpful and changed lots of lives

    • @LtMichaelMitchell
      @LtMichaelMitchell 21 день тому +1

      YES!!! That's exactly her name so many people have recommended highly about her and am just starting with her from Santa Clara California

    • @MajorMorganStanley
      @MajorMorganStanley 21 день тому

      HOW DO I GET ON THIS?????🙏

  • @RKgaming-op4rp
    @RKgaming-op4rp 21 день тому +1

    You definitely have my sub. This content is next level. For me Eledator was the turning point. Please keep doing what you do and keep being you, love it.

  • @Curry-pw5hc
    @Curry-pw5hc 21 день тому +6

    Hit $200k today, Thanks for the knowledge and nugget you have thrown my way over the last month , started with $14,000 in last month 2024....

    • @Sharon-kf2kd
      @Sharon-kf2kd 21 день тому +1

      Am 40 now and have been looking for a way to be successful, please how.

    • @nelsonparish567
      @nelsonparish567 21 день тому

      I will always suggest Lauren Simmons,💯💯 , she is extremely good on that.

    • @Gerry-ow4vf
      @Gerry-ow4vf 21 день тому

      Mrs Lauren Simmons 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 Lauren.

    • @Edmond567
      @Edmond567 21 день тому

      I'm new at this , please how can I reach out to her.

    • @Curry-pw5hc
      @Curry-pw5hc 21 день тому

      Laurensimmons004

  • @hungsolo8948
    @hungsolo8948 21 день тому

    Fain Gain Train!!
    🏝️💰🚂💨💨💨

  • @MAP939
    @MAP939 21 день тому +2

    😊

  • @creditrepairwizards
    @creditrepairwizards 21 день тому

    starting a biz requires experiance in sales marketting fund raising accountiing and cust service this is why you need a business degree

  • @maplethebunny1936
    @maplethebunny1936 20 днів тому

    I have 16 stocks invested between the S&P500, Realty Income, Nvidia, Coca Cola and Main Street Capital.
    Currently I sit at £2520.
    I'm trying to invest as aggressively as possible to make sure I can yield compound interests.
    What stocks and advice would you say to help improve what I'm doing?

  • @MCLottotv
    @MCLottotv 21 день тому

    Or if you already have a skill, service or product invest $1,000 into advertising; but, start small creating AD campaigns that return an ROI!

  • @MARCSMITH-sv7hy
    @MARCSMITH-sv7hy 21 день тому +3

    *My friend. I appreciate the time you spend on keeping us informed about the economy. As of May 29th 2024. I count on $1,500 what do you suggest me to invest in?🇺🇸🇺🇸*

    • @danieljackson2901
      @danieljackson2901 20 днів тому +2

      The first step in every successful investment is to establish your goals and risk tolerance, a task best undertaken with the assistance of a financial advisor with extensive financial market knowledge like Donna Grable.

    • @DmitryShevchenko-sx9nr
      @DmitryShevchenko-sx9nr 20 днів тому +2

      Wow! Nice meeting people who also work with Donna Grable, she's the only one I trust, she got me proflts of 11,OOO with a little start up of 2,5OO and ever since she's been good.

    • @vincentridgill
      @vincentridgill 20 днів тому +2

      I'm so happy I made a productive decision about my finances that changed my life forever, hoping to retire next year... Investment should always be on any creative man's heart for success in life.

    • @barbradevino6870
      @barbradevino6870 20 днів тому +2

      I am grateful to her. Although I started with as low as $1,500 actually because it was my first time and it was successful, she's a great personality in the state.

    • @WillsGabna
      @WillsGabna 20 днів тому +2

      Please How do I contact her????????????????

  • @marcelokufelcarmona775
    @marcelokufelcarmona775 21 день тому +3

    this dude just say to you buy 7 wonderful stocks to pump his baggsss. he know no one will get rich buying this companys

    • @patman4917
      @patman4917 21 день тому +2

      It's all about the long game. Stop thinking short term and easy money

    • @marcelokufelcarmona775
      @marcelokufelcarmona775 21 день тому

      @@patman4917 it’s about you will wait 30 years buying what everyone already bought

    • @marcelokufelcarmona775
      @marcelokufelcarmona775 21 день тому

      @@patman4917 I’m just a investor there’s no opportunity buying 7 biggest company’s. Ok very very low oportunity

    • @marlinmartin632
      @marlinmartin632 20 днів тому +1

      Why would say you won’t make lots of money investing into the big 7 ?? Some pays dividends every three months and is a wonderful source of income

  • @marlonjones.bullsondablock3145
    @marlonjones.bullsondablock3145 20 днів тому

    Take that 1k buy either of these 2 meme coins Bonk or MAGA hat and thank me next yr

  • @wayne9489
    @wayne9489 21 день тому

    😊