During high school I lived with my millionaire uncle, and I asked him why he drove a 2005 truck when he had money to buy a new car. His response was simply " the truck still runs just fine" which stuck with me because so many people will discard their possessions for the new and shiny things but the truly wealthy take a more practical approach.
Well, yes, the reason I am a millionaire is that I am not stupid with my money and I've never cared to show off. I drove my last car to almost 300K miles and for over 20 years. Cheapest car ever.
I'm 52, and we have an '04, '06, '07. Your uncle was correct - all of the extra money became our wealth, first paying off the mortgage, then building cash. Most people's retirement fund is in their car, car insurance, and credit card payments.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
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 .
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne” and her performance has been consistently impressive. She’s quite known in her field, look-her up.
REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Equity Services inc. She’s quite known in her field, look-her up.
Ive always lived below my means, and saved along the way. Ive always enjoyed being frugal. Although I never had a huge income, I saved regularly and never carried any debt except my home loan which I paid off in 10 years. At 55 I noticed my investments were producing more income than my job was, so I decided to retire. Eight years later my investments have doubled (the market he's been really good lately) and thats with the withdrawals I have b been taking to live on. This video is spot on. The best things in life ARE free - or at least not expensive. I went to a beautiful wedding for a friend that probably cost 75k. It was really lovely. Also the same year another friend got married who wanted a simple wedding and we did a beach clam bake. All the friends pitched in to help set up, cook, and clean up as our gift to the bride and groom. We all still talk about it. It was so fun to feel part of the wedding than just being in attendance. You dont need to spend a lot to live a lot,
Yup, what he said. My net worth is 1.6m, and I still drive my old 2005 F-150 I bought new almost 20 years ago. I could not care less what people or my neighbors think of me. They all drive new cars and pay $800-$1,000 a month. Not me.
ironically my uncle has a net worth of around 4 million and also drives a 2005 f-150 he bought new 19 years ago. True wealth is not determined by possessions
Same. I did used cars until age 34, and have done new cars twice. Now I just maintain what I have for 20+ years and find a nice used car for cash when I need to do that.
@@a.yashwanth 1.6M isn't all that much. My net worth is over 2 and I still feel like I live "paycheck to paycheck" It's just I struggle with that $3k mid-month automatic transfer from my checking account to my SEP-IRA account. $4M net worth is my retirement goal, but $3.2M+ will do.
I now spend money on things that reduce my stress or save me time, can’t buy more time, but I can reduce the time I spend on things I don’t enjoy doing.
@@DailyThingsInLife some examples where I spend money to buy my time back? I pay some college kids to mulch my beds and do fall cleanup, pay a company to do my lawn fertilizer. (I still like to mow and trim) I pay to have my shirts laundered, I hate ironing. I’ll pay the premium for the closer parking at the airport so when I get in at midnight from a work trip, I am not waiting for a shuttle. Pay for a cleaning service every other week. It’s all little things but adds up to hours of time a month,
@@buckibanker Some stres examples for me, i payed for a new freezer cause the old one was working but made noise, i upgraded my network so i wouldn't get a connection drop anymore while doing a workout or a race on zwift, we also have someone cleaning the house and ironing our shirts for half a day each week, the list goes on but the idea is the same, use money to get rid off things that annoy you or that cost time. On the other hand i wanted to replace my car after 4years for an A-brand but it runs fine, is not that outdated, has never let me down, so there is no real reason to replace it yet.
@@Bart_S87 agree the car thing for some people might think it’s a stress reliever but they are just justifying it. My truck is literally worth 5% of my annual income. Could I afford a Mercedes or BMW, sure but my 2016 Ram gets me the same places
That's so true! We cannot buy time. The only thing I can do is simplify my life, cut expenses on things I don't really like, so I can spend time on one or two things I really like.
The actions or steps you do to attain success determine its outcome. Developing sound habits, such as consistently setting aside money for reliable investments at regular periods, is essential to accumulating wealth. I hope that everybody who reads this will have success in life because financial management is an important subject that most people avoid and that will eventually come back to haunt them.
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 .
Inflation will cause frenzy, in my opinion, until the Fed tightens its control much further. Seeking a financial professional with fiduciary obligations who is knowledgeable about mortgage-backed securities is the best course of action if you are at a crossroads or need honest advice on the best course of action to do right now with the financial markets.
I used to work expediting a dock at a warehouse. One driver would show up once or twice a week; he was this pudgy, balding middle-aged guy wearing a "Canadian tuxedo" (jeans and jean jacket). The clothes looked like you expect; some stains, old worn work boots with scuffs, etc. He did wear a company ballcap with the logo on it. He was conscientious about his work and would be sure to be there on time and call us if he was running late for any reason, which wasn't often. The mental image you have is probably pretty accurate except for one thing. He was not an employee of this trucking company; he was the OWNER. He covered for employees' unexpected absences (family emergencies, illness, etc) and all this and still was running his business and flying down to Georgia to buy new tractors for his fleet. Yeah, he invested in equipment and his employees (he had the best). He would sit in the trucker break room and watch, listen and talk to other drivers, and none of them knew he was a multimillionaire. He one time showed up to pick up a truck for a driver who'd had to leave for an issue, and he drove up in an older model pickup. So never did he flash his money, ever. There were a lot of drivers whose mouths and attitudes disqualified themselves for ever driving for this guy, because they assumed he was just another of them and that they were "safe" complaining and telling what they did to "screw over their company/owner".
That's just the owner larping for his employees, happens a lot with small blue collar business owners. When you go to his house he has a giant mansion and all the toys and his wife is wearing chanel. Don't be fooled.
@@gamesguy I know where he lives. House is about the same as mine. His family are down to earth. Don't you be fooled by your assumptions. You seem to have missed where I said he has work-related stains on his clothes. He works his ass off, and gets dirty doing it, at least 70 hours a week. Don't make me laugh talking about LARPing a truck driver's job. It's not a pretend job that you can roleplay. I've seen him regreasing a fifth wheel right there in the parking area (filthy job) in the snow. Oh, and by the way, what if he DID have a "mansion" and his wife had the temerity to wear Chanel without your express permission? They earned their position and his employees have good, well-paying jobs because of it. There's no secrets (and NO, I am not doxxing him so you can poke around and harass).
@@petuniasevan some people have "all the answers", yet problems every day, mostly caused by themselves...shouldn't even have clarified for the dude. - I see where the trigger was, " don't be fooled"....... I know a guy "long time ago" senior exec who worked high level for DuPont Chemical IT & security. Dressing down and hanging in the breakroom and just listening was his go to M.O. to learn the ins and outs of what was going on with employees. I also know a few Millionares in my lifetime - ( more frequently these days) - they come in all shapes and sizes.......... ...... it's all an illusion and a mindset. People are people - they are the same with or without money. Money only amplifies a person's true personality - Most Millionares - people wouldn't even know they were millionares. Most Billionares - again - people wouldn't even know. At the end of the day - True people don't give a rats ass....... the ones that do - aren't worth meeting.
So, this video is about saving money by not spending it on fancy stuff you don't need basically. The best story I heard about rich people pretending to be poor was about a guy who ran a scrap yard. On his way to work he would leave his house driving a Mercedes and on route he would stop by his garage and swap it for an old banger which he would arrive in at the scrap yard. He did this so he could buy the scrap at a better price than he could if the sellers knew how much money he was making out of his yard.
As a 50 year old: At times it’s critical to look average or middle class and be stealthy. Poor isn’t a great look as people associate it with crime, drama and unpredictability. Looking well off and being well off can open a lot of doors and opportunities too. Most importantly focus on what makes people really happy…friends, family, faith , work that serves others. But Buying a Rolex, wearing it for 25 years and giving it to your son when he becomes a father can give you a tremendous amount of happiness too.
Funny you bring up that Rolex. I actually had one 27 years on my wrist, precisely to leave at death for my son. A van followed me home one afternoon and a guy with a gun put it on my forehead and asked for my watch. My entire life flashed through my mind as I was taking it off my wrist. I was very nervous but a great consolation quieted my anxiety when I realized that if my son had inherited my watch, he probably would have fought to keep something so valuable I had bequeathed him, and he would have lost his life over something so meaningless in the greater scheme of things. We're not in Kansas anymore.
@@Fr1nc3sc41 Sad! As a watch enthusiast all my life, rarely do I wear anything valuable today. It's not worth the risk. As an older lady entrepreneur, I wear a small neck watch worth $ 100 I bought on eBay. As a former cop while in college, I often carry a solid birchwood cane with me. Nobody wants to screw around with an old lady with a cane and an take no prisoners attitude.
not to mention: the kind of people you invite are often nasty, insecure, arrogant people, some of whom are even narcissists and sociopaths. I miss living in a middle class neighborhood because people there were nice, kind and generous.
I knew a guy who thought my whole family drives Lexus. I have an old one. Like before 2010 model year. The dude was so convinced I am rich and my whole family drives Lexus that when my Dad picked me up (old Lex in the shop for some TLC) in a Honda SUV rental… they thought it was a Lexus SUV. Needless to say, LONG before that instance that guy was getting faded out
I think both poor and rich people can be nasty. In my case I've met both untrustworthy, superficial, uncaring or manipulative people of both high class and middle or low class. And of course one must never preclude oneself, as we can also be nasty or maddening to people who are not our type.
I'm based in the UK. So grateful that you popped up on my youtube. I will keep my current car and settle the balance instead of swapping it out for something newer and continuing to pay. I'll focus on building up my tax free savings.
My parents grew up poor but worked hard and had entered the middle-middle class by the time I came along. They nonetheless taught us very working class values, to the point that frugality is hardwired into my DNA. Fortunately I married into the same social class and my wife is even more frugal than I am. We’ll possibly be in the global 1-2% before we shuffle off this mortal coil, but are working diligently to pass on the same values to our kids that we got from our parents. Debt-free and retired in our mid-40s, we are full time into social work now, and our kids are actively involved with us. We hope that this will impart values of empathy in our kids, and that they, and their kids in turn, will never squander their wealth, but instead give back all that they can to our species and to our planet.
Not disagreeing but i once read this study where they looked at the size of the labels on clothing. The found that really cheap clothing and really expensive clothing had the smallest labels. It was in the middle where the logos were the largest and most visible. I found that really interesting.
Wealthy people absolutely wear brand name... These brands are so exclusive, they are unknown to the common person. That's if these clothings aren't custom made and tailored. These brands have a very discrete logo, if any at all on the exterior.
You can get high quality and comfortable things at middle class prices easily, rich people shit is just expensive for expense sake honestly... Aint saying that shit isn't of quality but its needlessly expensive because they are flex items, 10k watch to show how well off you are, 100k suit etc. type nonsense. (pulling numbers out of my ass not sure how expensive "premium" suits get)
@@ft9kopexactly a millionaire can be decked out in $5000 worth of “cheap”looking clothes but we’d never know….gucci and Prada are cheap clothes compared to what wealthy people wear.
That’s probably cuz they’re not very cool and don’t get laid, if you have 3 million dollars and you’re wearing flip flops with socks and cargo shorts you’re still a loser forever.
Exacly right on every point, as an Indian looking poor comes naturally but life is comfortable for life. Remember looking rich but struggling to pay bills makes life a struggle looking poor but monry in the bank hives you a nice life for life
Saw an interview once with some wealthy man. He said he bought a new car every year. The reporter asked why -- the car he had seemed perfectly good. He replied, "you have to have a better car than your neighbor. That s what life's all about." At that point I wasn't jealous that he had more than me. I felt sorry for him. Was that the most happiness he got in life? I'd much rather have a wife who loves me, hobbies I enjoy, accomplishments I can be proud of, A relationship with God. I have no desire to one up my neighbors. I don't care. If they have more than me ... Good for them.
Even though I don't want the burden of maintaining lots of expensive possessions I don't always judge or feel jealous about anyone who does as life is short and if buying something brings happiness to someone during their existence on planet earth then I am happy for them.
I think there should be a balance. Save money and have financial security but also treat yourself to something nice once in a while. If you enjoy something and you can easily aford it without a loan or sacraficing your emergency fund. Go for it. You can not take money with you once your time is over. Things can change fast sometimes so enjoy life now. What good does it do me to save everything now to be a Millionaire at 75 when I might die at 60?
Exactly. The whole emphasis is on save as much for retirement. And not to waste money. But its wasting money saving for a retirement when you might he dead by age 60
Sure, I made some sacrifices early on but not too much. I bought whatever I wanted and traveled etc. I just never cared for anything fancy; fancy dinners, fancy cars, fancy clothing or devces, fancy hotels, or even a fancy house. Fancy does nothing for me and I just feel stupid wasting money. I retired 15 years earlier than normal and I am now just enjoying life and owning my time. As you get older you realize time is what is most precious to you, not money. I therefore focus on extending my time with a healthy life style and staying in shape.
Nowadays,it is even more important not to compare your wealth with others, because a large portion of those who appear to be wealthy and have all the nice things are in fact drowning in debt….
Frugality is key, not necessarily looking poor. With a good investment plan that ensures steady income without any doubts I am prepared for a well organized retirement. I started investing in stocks 3 years ago and so far, I am making a good yield on my dividend.
Herman Jonas, a licensed FA has undoubtedly helped me make so much progress. He has guided me to identify key stocks, (options and futures) for the short term and Roth IRA, index funds, cryptocurrency and ETFs, for the long term pinpointed strategic entry points, and provided risk assessments, ensuring that my decisions align with market dynamics for optimal returns.
My parents, who never finished grade school, raised me like we were dirt poor, simple meals, never eating out, limited clothes, I slept in a living room with 2 other siblings, walked everywhere, etc. It wasn't until entering my 2nd year of college, it was revealed that they were millionaires. Neighbors and their friends thought they were poor, but they just saved money for investing. They were able to retire in their early 50s and have been living the same modest lifestyle. They invested everything into real estate in the early days of the Bay Area (before the tech boom) and each property eventually turned into a million per house.
To be honest, that sounds a bit extreme, more measly than frugal. Balance is the key. I had lived a more comfortable childhood in what an average US citizen calls third world country. Please don’t repeat that for your family if you are now a millionaire.
What’s the point of saving all that money if they’re never going to spend it? I’ve never understood this mindset. It’s one thing to leave something for your family but so much financial advice is obsessed with saving for the sake of saving.
@@roderick_yang I am frugal, it's knowing you can buy anything you want if you wanted it. Knowing I can maybe retire earlier than I planned. I am not saying don't buy yourself anything, it is all about balance. Buy stuff you want/need but don't buy stuff you don't need. I always say to myself, do I need it or want. If I need it, I buy it. I create lists on my phone with stuff I need and then when I go shopping I refer to my list and don't buy impulse things. It's all about a balance. I really don't need much or want much. I don't need fancy cars or furniture, I am happy with what I have, it's simplifying your life.
I like how you take the effort to inform your audience; after all, we're all trying to live better lives with stable finances. This is simple to accomplish with the correct investment, modest lifestyle, and budgeting. I am grateful that I was taught early in life to strive hard for financial independence.
Despite my involvement in investing, I am discouraged by my inexperience in evaluating the performance of specific firms and figuring out when to buy stocks. My worries are heightened by the way inflation is depleting my cash reserves. It wasn't tough for me to earn over $780k in the last 10 months I am not sure what to do at this point, but I need to know the exact market trajectory information.
Given their depth of experience and investigation, they are quite unlikely to perform below expectations. Their area of expertise is in taking advantage of the asymmetrical potential of risks and utilizing precautions to avoid negative consequences. For over two years, I have been working with an investment coach.
I could really use the expertise of your advisor, who's the person guiding you? I've been thinking about going that route myself. I have a lot of stocks right now, but their value is starting to go down, so I'm not sure if I should sell or hang onto them.
‘Diana Casteel Lynch’ 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.
Thanks for sharing, 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 e-mail shortly.
Be Grateful for what we do have... is the best message in here. I was always chasing more and even once I got it, I just moved the bar and kept reaching for even more. I felt unfulfilled and I lost track of what was important...and have lost important things in my life as a result.
But Rolexes do relatively often keep up with inflation in value. Not a bad purchase if you truly are looking for a “flex” purchase rather than something that instantly depreciates in value such as expensive brand clothing or cars.
As a Car guy, I bought the car I love. Even after 10 years I still look after it and am Happy when I see it, drive it, wash it, be near it. It's a never ending fountain of happiness 😂
I think it helps to think in terms of the value that each thing you own has and that you should ideally replace them only once broken or once the value is completely used up. Not only it makes you more satisfied with the things you have, but it helps saving a tons of money
As a poor person, I had poor people around me who sucked me dry. Many poor work for small businesses which milked me, cheated IRS, and tricked customers as much as possible. Just my experience why poor stay poor not just their spending. At times I didn't even make the minimum wage. Three jobs cost me more to go to work than to stay home. I kid you not. Took me two months to realize that's was the case as I was too busy trying to be a great employee. But boy did I learn from my experience and retired in mid 40s having made over $40k a year only once in 26 years. I've always looked poor and now at my age, my souls wants no things, but freedom from work, which I achieved.
So how do you live now? I understand craving freedom, and that's actually the first spiritual trap to fall into after you have met your survival needs if you felt chained by them. Being free and showing status are the traps of the poor. Self-actualizing and self-transcending are the ways forward.
@@edheldude Bought Tesla stock and Bitcoin in 2020 when I watched too many financial youtube videos during covid shut down. The money came from a studio I had bought for living in 2008, but couldn't really afford and had to rent out. I still had to pay extra every month to cover the expenses. Sold it at the end of 2019. It never appreciated. I just got my equity back. Had I put all condo down payment and extra payments into market right away, I would have retired before 2019. The condo even put me in credit card debt. Tesla and Bitcoins went up enough no to work. I also learn a lot being in the market. Learned nothing holding the condo, maybe not to buy again.
My great aunt always said know how to speak poor mouth so no one knows you have money. If I was wealthy I wouldn’t be caught dead wearing a label or in a Lambo.
Well, what makes me an outlier I guess! I am 57 year-old English immigrant, with zero interest in tech or stocks, and yet I am 110% committed to Bitcoin. I would describe myself as an extreme conservative/libertarian. I have been involved in UK politics for some time, and the main thing that drove me to study Bitcoin and ultimately recognise its value to Humanity was the threat posed by an over-weening government, first in the UK and lately in the US also. I regard the CBDC as the final brick in the wall of the totalitarian prison the world's governments are building for us. And Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 9Bitcoin....I'm especially grateful to Aldona Šabanienė whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
People look down on me daily and i am really fine with it. I am not super rich or something but i am secure, very. To imagine that you can easily amplify the lives of those who do this is ironic. Most importantly, you only attract true and genuine people which is extremely gratifying.
No one looks down on you for looking just normal. You must be doing something really wrong where everyone looks down on you. And you say you can do some good in other's life but what have you even done?
@@bryanryan4504 What have I done? Are you seriously being sarcastic here. I could ask you the same question. how have you effected your generation? I am a Nigerian, do you understand how people fake love to you just on what they can gain from you? We are definitely from different demographics.
You give such wise advice. Thank you. I just found you today and really enjoyed several of your videos. At 71 yrs old, It is so nice to hear a young man give sound advice and act so mature and wise. God bless you.
Living within your means is subjective. Trading things with experiences still will not change your happiness. Having Goals, building a family and improving your children’s and ppls lives are some of the most fulfilling things you can do for yourself.
Well I have looking poor part down. I've been driving the same truck since 1986. I have 8 years until I retire. Not buying a new car every few years, and a fear of poverty really helped. 😊😊😊
Came across this and it’s me to a T. The key thought was peace of mind. I love what Bob Marley once said and made me realize that how I feel is more important than how I look. He said “I don’t have a lot of things. All I have is money”. Thanks for the video and glad I’m not the only one that feels this way.
So don't pretend to be rich by wearing expensive clothes. Instead, pretend to be rich pretending to be poor by wearing clothes you could actually afford. Got it.
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.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
Credits goes to "Lucinda Margaret Crist" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
The biggest thing that helps to live within your means and appreciate what you've got is to look at those below rather than above. E.g. my siblings always complain our cousins were are getting really expensive clothes whilst our dad never bought us even the most basic clothing, despite being richest out of all his siblings. My thinkings always been, at least we have a father figure in our life, there's millions of people wishing they had one. When it comes to Cars I'm driving a Toyota yaris whilst my friends are driving Audi A5s and 2024 plate golfs. Never really bothers me cus my thinking's at least I got a Car, millions of people are struggling without one. I've got bigger responsibilities to spend my money on.
This video is so important! I drive an old vehicle by today's standards (ubiquitous 2005 Honda Pilot). When I am out and about one would think that I don't have much money. I shop reduced priced meats and produce. I am very content with my life and no one knows that I am an everyday millionaire. What do I do to help people out? I buy their groceries when they don't have enough to civer the bill in line, or don't have the ability to pay when they reach the checkstand. It doesn't cost me much because my dividends on investments far exceed the amount that I pay out to help others, When you are a quiet unassuming millionaire you could help those in need as a random act of kindness. I will never run into those people that I have helped and that is okay. My conscience is clear and hopefully these kindnesses will help heal our divided world.
About 12 years ago, when I was a young professional fresh out of college, I wore nice clothes like Burberry trench coats, Armani jeans, limited edition shoes, and Tudor watches. I worked at some big-name banks in NYC, so I could afford them, though I barely had any savings after paying for rent (my studio was back then $2.7k/mo) and food. I don’t remember the exact reason, but I probably didn’t want people around me to look down on me and perhaps also earn me some respect. I later joined some interesting markets and industries and managed to retire in my early 30s, mostly due to luck, I think. Now, I wear $20 T-shirts and flip-flops, don’t wear watches, and eat fast food like Chipotle, Popeyes, or random Japanese sushi rolls, keeping each meal under $20. Stop caring about others' opinions on me. To kill spare time, I either choose to take some online college curriculums (especially those in Law, Medicine, and Physics) or just play some hard-core sim PC games like MSFS or DCS, which only cost me the price of electricity. My house is around $400,000, making it easy and affordable to maintain. Very happy with what I have now, and pretty sure I don’t really want much else.
@@SiccoJanBier Hi dear Good evening . I hope my comment didn't sound as a form of privacy invasion your comment tells of a man with a beautiful heart which led me to comment I don't normally write in the comment section but I think you deserve this complement. If you don’t mind can we be friends? Thanks God bless you….🌺🌺🌺
I Hit 50k today, Thank you 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 joanna claire for helping me achieve this .
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed Broker and a FINRA AGENT in the United States.
I actually still wear shirts I've had since the late 1990's regularly at home even though I have brand new shirts never worn before. Net worth $5.2 million.
Sounds kind of stupid to me. But then, it's just me . I have a higher net worth than you, and I certainly never show off. Rather frugal actually. But 30 and 40 year old shirts.? Be a man.
Listen man. You don't really need "$5.2 millions". Consider them exactly as your brand new shirts, beautiful but useless. Just give me 4 millions and keep one for you, the one that (maybe) you have to use. Embrace simplicity
I bought a brand new Honda Civic in 1991. Loved it to bits and it made me sooooo happy. Every time I look into my garage, and I still see my 1991 Honda Civic, I feel sooooooooo happy to be one of the only people who still have one of these cars. It will never be, "just an ordinary car," to me.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brooke Grace Miller.
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
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
Would love to see you address future occurring risks and how you handle these situations yourself. as for me, I'm just great at buying into moat heavy, cash flow grantors, buy on dips, and add as they drop, and enjoy the bull markets when they happen.
As always, it’s absurd when people call stocks momentum a flunk, they aren't considering the long run. The companies themselves have not changed, it's the market that keeps changing. Steady as it goes, and it'll regroup in weeks.
I need the market to go down some anyway. The small pullback at the beginning of the month wasn't enough. Many are overpriced now and buffet sold his. I was looking for a rough setback as I am eager to capitalize on the market.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria.
UA-camrs love saying people should "look poor"; it's like someone uploads a video like this every week. It doesn't matter if you look poor or rich because how others perceive you is irrelevant to your own financial situation (one could argue that looking rich can open more doors). Instead, focus on living within you means and buying what you can afford.
@@DR-cu2fl You said: "It doesn't matter if you look poor or rich because how others perceive you is irrelevant." He explains very well in the video, that the problem some people are having; is they want to look flashy to impress others and hanging around others with the same attitude could cost you, if you're not careful. Growing wealth is a mentality. The point of this video is to help people understand the correct mentality to have, in order to get their money right. Therefore; your comment is out of place. I understand what your trying to say, but the context is wrong for the videos point. It doesn't fit. It seems as if you made the comment before watching the video. Hence: "Someone didn't watch the video lol."
very true at around 6.49 mins.....we forget that to have a bed and a roof over our heads and just the basics that so many people around the world do not have is something to appreciate...and to have a car and fund hobbies and stuff is a nice extra too
I’m a new subscriber. I’m 47 years old now, but I live this video’s philosophy. I wish I was frugal 20 years ago tho! Luckily, I invested in my 401k and plan to retire at 55. I could do it sooner, but I’ll get medical benefits and a good pension. Plus, I love my job anyways! Good luck to everyone that is watching this! Appreciate the beauty of Simplicity!
77 years old. The 20 year old car runs like the day it was purchased, brand new. Replaced the headliner and driver seat cover last month. The home constructed in 1950 and owned for the last 44 years is in move in condition. Yes, I could have gone upscale and moved to Malibu years ago. I have the small house on a hillside urban lot with fruit trees. The new home two doors down was listed for $6,230,000 and sold in one month of listing. The two new homes at the end of the block? One was just rented for $17,000 a month! The credit cards? No debt. My first job paid 25 cents an hour. I have a brother who is truly frugal. He banked every bonus and pay increase for many years. He is worth millions, owns a very nice car and a home on the golf course.
Yes, I am from a part of the U.S. that was settled by Dutch,German, and a little mix English settled in that area in two settlement times in the 1600s and in 1850s. It was a community of multi millionaire but people who did not live in that community was not aware both understanding the people and their history and culture it was a mix of agricultural and light industrial! I as a child knew people who daily carried a bank roll of cash from $ 20,000 to $ 100,000 so they carried they carried cash to make a quick and fast purchases for both their farming or light industrial business. It was at a time before people carried credit or debit cards. It was a area of the U.S.A. that was very slow in giving up the tradition of using cash to for huge financial transactions. Only on sundays did people did dress up six days of the week everyone dressed in there work clothing it was also know for being no or low flashing of wealth. Everyone who had wealth did keep a low profile.
Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
Agree completely with Humphrey's approach of living modestly being the true path to wealth. Even when the net result of living this way is that you actually become relatively wealthy.
I was meeting my wife at a public place, and as she was looking for me, she noticed someone who almost looked homeless (t shirt, sweatpants, raggedy baseball cap, worn out sneakers) and later realized it was me. I think I have achieved my life's goal to look poor.
@@cathhl2440 between me looking homeless and her “shopping” for gently used furniture in our neighbor’s dumpster, we got the “looking poor” thing covered.
I’m far from fancy, but I would be embarrassed and feel a bit disrespected if my partner didn’t even attempt to look attractive to me. My bf is pretty casual, but he doesn’t look downright impoverished. He even dresses up when necessary.
Honestly, saying you are guaranteed to earn more than a 4 year degree is pretty misleading. I have no doubt that it can work out, thats why people like him exist, but there are so many people who couldn't do ut his way, I just started an econometrics study and if you are somewhat good with it you can expect to earn around 200-300k as an employee, I know this because I've spoken with people who have done exactly that. So the best career path really depends on what someone is good at. The things Alex preaches might be true, but certaintly aren't meant for everyone.
I lost over $100k 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 $12500 profits weekly. Thanks Pamela Alexander
Mrs Pamela Alexander was my hope during the 'bear summer' last year. I did so many mistakes but also learned so much from it, and of course from Pamela Alexander
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
People who look rich get robbed. People who look poor, well, no one tries to rob you cause you look poor. And beyond that, I looking rich requires so much effort that I rather spend time on things I enjoy.
Yes, but there is also a downside of that... If you look poor then rich people don't care to know you. And you get a lot of life opportunities by being friends with rich people, like good business offers etc.
@@kuba6156not true. You have your networks and friends. They don't care how you look or how you spend your money. Your time is your time, your money is your money. I did the flashy money thing for a while but my biggest jobs came through reputation, when I'm working in jeans and a tshirt, oddly enough got a few large contracts through my friend who's a dentist. It's usually young up and comers who care about that stuff. Not worth your time until they add value to your life.
I've taken this approach my whole adult life and can confirm how easy it is to live under the radar with minimal overhead. This video was just a pleasant reminder to me to continue on this path. And if this concept is considered "looking poor" then I'm quite happy with the least amount F's given as to what others may think.🥂 to autonomy. Great video!
@@PetznarAbsolutely none of your business. Watch the video again for additional insight on how you can utilize said information towards securing yourself a net worth that will afford all that you may desire. Cheers and happy new year$
During college, I worked for a successful entrepreneur who always wore the same modest watch, even though he could afford luxury brands. When I asked him why, he said, 'It tells the time perfectly, and that’s all I need.' That mindset really stuck with me, showing that true wealth comes from valuing practicality over appearances.
Yep, 43 Here and 1.5M net worth. I value simplicity and only buy things that will make me happy for longer and relatively keep their value, My house was $275K from 2015 and still drive my trusty 2010 Acura TL with 160K miles. I am good till I hit 2M+ net worth at 55 and retire myself and my wife overseas and live like a King.
You have the same game plan I do. I won't retire in usa. It's too expensive. I'll leave a paid off house here but I only have 1mil net worth at 45. How did you get up to 1.5m. Good job man!!
@derrickyegge1303 Just investing, saving about 40% of my salary and living modestly for about 15 years. Also, as a software architect with a high salary, it helps a lot.
One of my tricks is to buy a quirky fun thing at a thrift store. I get a dopamine hit from this new thing in my life. When that wears off and this thing no longer sparks joy, I bring it back to the thrift store.
When I hear about people getting mugged for a £10,000 watch, I get a warm feeling in my heart. Don't get me wrong, I wouldn't mug anyone anytime but wearing a fortune on your wrist is asking for it.
Wealth is the amount of years you can afford not to work. When buying something I try to ask myself how many hours/days of enjoying life I sacrifice for that. And maybe more importantly: Am I willing to adapt this new thing into my lifestyle and replace it with something as nice after it’s lifetime is spent. (You never just buy a nice car once. In a few years you want an adequate replacement)
Having money gets you negative attention, But the perception of money, but not having money is even more dangerous than having money, because you won’t have the resources to navigate potential dangerous situations that can only be solved with money.
Everyone loves bragging, they just brag about different things. I have a millionaire friend who dresses worse than a homeless, gets haircut once a year, uses a Samsung galaxy 4. He loves bragging how cheap his apartment is, how cheap his monthly spending is.. when people mention about their new iPhone, he loves bragging about how old his Samsung galaxy 4 is.. And ofc, he loves bragging about how he has over a million dollar saved up.
@@DragonRider520if we create a culture where basic people brag about their frugality instead of their loud cars, we'd be infinitely better off as a society
She's also my portfolio manager!! though i started with as low as $5,00 actually because it was my fourth time and it was successful, she's is a great personality in the state.
@@nicksmith8141 Hi dear Good evening . I hope my comment didn't sound as a form of privacy invasion your comment tells of a man with a beautiful heart which led me to comment I don't normally write in the comment section but I think you deserve this complement. If you don’t mind can we be friends? Thanks God bless you….🌺🌺🌺
I bought the cheapest used Jeep I could find about 9 year ago. When I first got it I would get a smile from ear to ear every time I looked at. A few years and thousands of dollars in repairs later, every time I look at it I get a smile from ear to ear.
6:48 Exactly. We do not appreciate how lucky we are having the shelter, food and driniking water. So many of our caompnions in the journey (which is life) are not that lucky...
Very good advice. I used to meet up with 3 middle class men that I previously worked with. They seemed to judge who was important based on buying a new and expensive car, what holidays they go on, whether they belong to a golf club, what street their house was down, what new extension they are getting for their home, etc. etc. I realised that they were toxic friends, not real friends and I now feel better for not socializing with them any more.
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?
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.
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.
bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?
I work with Jessica Lee Horst as my licensed advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thank you for sharing, I must say, Jessica 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 a call
I have a Mazda CX30 and I feel already super luxurious with it. It doesnt cost me very much insurance or maintenance, uses very little gas and is super comfortable for long distance drives. And I bought it because I think it looks cool, who cares what brand it is, it still brings me joy after many years...
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a podcast. What's the strategy for such returns?
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.
Opting for an inves-tment advsr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows
I learned about government actions from certified wealth manager in NY by JenniferMackimmWesley. Ms. Jennifer explained the benefits of long-term Treasuries and alternative investments, which the government doesn't disclose. Lately they been investing in solid start ups, bonds, digital currencies, precious metals with real backing, while manipulating the stock market decisions as influenced by congress, driven by year round events and consumer sentiment in the past half decade.
I bought my "dream car" in my early 20s. All in with insurance, I was paying about $1000/mo. I loved the car, but the honeymoon wears off quickly. The stress of ownership and the stress of feeling trapped to make that payment was a huge life lesson for me. I realized that I never wanted to feel that way again. I started to prioritize simplicity. I sold that car and bought a 2003 VW Jetta from a high school student for $3000 cash. To this day, that was one of the best cars that I've ever owned.
this is really good advise, and it is something that many people do not even think about. looking poor and being poor are two different things. and people conflate the two thanks for sharing
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Emily L Romano, imagine investing $12,000 and received $305,500.
Mrs Emily L Romano 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 Emily L Romano.
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional
Not everything is as black and white as is portrayed in these videos For example, if I drive 30 mins to work and back each day, driving a BMW with leather interior and top notch music system will give me a daily pleasure that a plastiky interior cheap car just won't, and one just had to remind oneself of that when driving the Bimmer and that could be a recipe for feeling daily happiness with a material possession
Yeah I bought a new car a few years ago and it's such a pleasure to drive that I don't think I could go back to driving the type of sheds I drove before. I probably won't buy brand new again though. It was only worth it because used cars were so overpriced at the time during covid and I was able to get a huge discount through a scheme my employer was in. I'll keep it for at least 10 or 15 years and then get something nice but only 'nearly new' to replace it so someone else takes the hit on the initial depreciation. No MOT for three years was pretty cool though!
Bro you are my man.... Same philosophy I live and I feel much more free than a lot of people who only talk about how perfect their lives are, but only because of things they buy. Many times they don't like their jobs, lives, flat where they live, etc. My income is 5 times higher than 10 years back, but I keep my standards of living still almost the same and I still can be happy from a very little things, like buying a new plant to my flat in a store for around 3 dollars 😄 .. .subsrcribed.
Your first statement just about sums it up (..."humble and modest"). I'm not the smartest guy in the world, but through investments, I gathered a substantial amount (several million). I'm in my late 50's. No one knows...not even my wife. Thankful to Depression-era waste not-want-not parents, I think I remain grounded, humble and modest. Some things we're taught in our childhood never leave us. The trick is passing this mentality down to my kids.
I’m an American (born and raised) about to turn 31. I know 0 people who concern themselves with new phones, cars, etc. I’m just one person; but 100% of the people I know, regardless of age; loathe consumerism to their core.
@@ashred9665totally different between regions in the states in the Midwest people don’t concern themselves with that stuff but if you are in California or Florida etc. I think those places are very consumerist.
I'm with you man, I buy new phones and cars but I'll never buy a new phone just to have the latest. Especially when it comes to phones, I'll use it until it's junk.
@@AirmanKolberg Hi dear Good evening . I hope my comment didn't sound as a form of privacy invasion your comment tells of a man with a beautiful heart which led me to comment I don't normally write in the comment section but I think you deserve this complement. If you don’t mind can we be friends? Thanks God bless you….🌺🌺🌺
Some sound advice but I'd caution the undertone that you shouldn't enjoy money, it's there to spend. I bought a nice car 5 years ago and it still gives me tremendous happiness and I will hold on to it for another 10 years if it's still running. Not everyone gets value from extreme frugality but it's quite right that before you start spending, you should be investing and saving. Just spend the money on the items that bring true happiness and it's within the parameters of sensibility. I don't want to live looking poor.
Looking poor is really offensive to the real poor. Why not just look normal. Those stingy and cheap rich people are truly a turn off. I know because I’ve lived amongst them. Hoarding wealth is a total lack and fear mindset.
@@JasonISF or he just doesnt care ? why would he "have" to spend money on clothes if he doesnt care that others think he looks shabby? to please your sense of fashion? why? what makes you so special that he would have to buy things he doesnt neet just so he gets your aproval
Well spoken ! I own a removals company, I own 3 trucks and I earn $50k per month after expenses and I still drive a Hyundai Getz 2005 yellow which was handed down to me from my grandmother who had it from new, I wear clothes from K mart, I own my house plus an investment property and I have zero debt. What I have now is so much time to spend with family and church . I dont drink smoke or take drugs . I’m in my mid 40s and loving life !
Humphrey, you are so right in what you say, the only trouble is , now in my 70s I learned all this to late, but now I am content to live a modest life, I have just got to curb my wife's spending.
I found that in order to look poor, being poor is very helpful.
😂 true
The opposite is also true. To look rich, being rich is also helpful 🤠
@jakeforrest not true, man. Yang is alright, and i would know.
Even if you are well off you can still experience the life of the poor in order to look poor
Lmao
During high school I lived with my millionaire uncle, and I asked him why he drove a 2005 truck when he had money to buy a new car. His response was simply " the truck still runs just fine" which stuck with me because so many people will discard their possessions for the new and shiny things but the truly wealthy take a more practical approach.
Heard a saying: money talks, but wealth is stealthy.
It's like intelligence, smart people are usually more quiet because they don't feel the need to show off.
Well, yes, the reason I am a millionaire is that I am not stupid with my money and I've never cared to show off. I drove my last car to almost 300K miles and for over 20 years. Cheapest car ever.
Should've asked him how did he make millions😂
I'm 52, and we have an '04, '06, '07. Your uncle was correct - all of the extra money became our wealth, first paying off the mortgage, then building cash. Most people's retirement fund is in their car, car insurance, and credit card payments.
"Simplicity" is a better word than "poor".
Frugal.
Currency deficient.
But clickbait is better engagement
Agreed! Looking poor makes it sound like one doesn’t respect oneself nor others enough to dress appropriately
Agreed. Poverty isn’t a choice, but simplicity or frugality is.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
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 .
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Nassar Dunne” and her performance has been consistently impressive. She’s quite known in her field, look-her up.
REBECCA NASSAR DUNNE is her name. She is regarded as a genius in her area and works for Equity Services inc. She’s quite known in her field, look-her up.
Ive always lived below my means, and saved along the way. Ive always enjoyed being frugal. Although I never had a huge income, I saved regularly and never carried any debt except my home loan which I paid off in 10 years. At 55 I noticed my investments were producing more income than my job was, so I decided to retire. Eight years later my investments have doubled (the market he's been really good lately) and thats with the withdrawals I have b been taking to live on. This video is spot on. The best things in life ARE free - or at least not expensive. I went to a beautiful wedding for a friend that probably cost 75k. It was really lovely. Also the same year another friend got married who wanted a simple wedding and we did a beach clam bake. All the friends pitched in to help set up, cook, and clean up as our gift to the bride and groom. We all still talk about it. It was so fun to feel part of the wedding than just being in attendance. You dont need to spend a lot to live a lot,
Yup, what he said. My net worth is 1.6m, and I still drive my old 2005 F-150 I bought new almost 20 years ago. I could not care less what people or my neighbors think of me. They all drive new cars and pay $800-$1,000 a month. Not me.
yep!! nice man
ironically my uncle has a net worth of around 4 million and also drives a 2005 f-150 he bought new 19 years ago. True wealth is not determined by possessions
What do you plan to do with that 1.6M if you are not spending it?
Same. I did used cars until age 34, and have done new cars twice. Now I just maintain what I have for 20+ years and find a nice used car for cash when I need to do that.
@@a.yashwanth 1.6M isn't all that much. My net worth is over 2 and I still feel like I live "paycheck to paycheck" It's just I struggle with that $3k mid-month automatic transfer from my checking account to my SEP-IRA account. $4M net worth is my retirement goal, but $3.2M+ will do.
I’d rather look poor but financially secure. Than to look wealthy but wallet is empty.
In reality, ur still poor hahaha
@@Stranger_9009but look simple and humble will help him in the long run
I like the philosophy one not-so-famous billionaire has: Low Profile High Profit
Exactly!!! well said !! i look at it as a flex :)
It's not an "either or". If I had money then I would gladly look the part too. No actual reason not to. End of the story.
I now spend money on things that reduce my stress or save me time, can’t buy more time, but I can reduce the time I spend on things I don’t enjoy doing.
Can you give a few examples? I am also trying to do that but idk where to start
@@DailyThingsInLife some examples where I spend money to buy my time back? I pay some college kids to mulch my beds and do fall cleanup, pay a company to do my lawn fertilizer. (I still like to mow and trim) I pay to have my shirts laundered, I hate ironing. I’ll pay the premium for the closer parking at the airport so when I get in at midnight from a work trip, I am not waiting for a shuttle. Pay for a cleaning service every other week. It’s all little things but adds up to hours of time a month,
@@buckibanker Some stres examples for me, i payed for a new freezer cause the old one was working but made noise, i upgraded my network so i wouldn't get a connection drop anymore while doing a workout or a race on zwift, we also have someone cleaning the house and ironing our shirts for half a day each week, the list goes on but the idea is the same, use money to get rid off things that annoy you or that cost time. On the other hand i wanted to replace my car after 4years for an A-brand but it runs fine, is not that outdated, has never let me down, so there is no real reason to replace it yet.
@@Bart_S87 agree the car thing for some people might think it’s a stress reliever but they are just justifying it. My truck is literally worth 5% of my annual income. Could I afford a Mercedes or BMW, sure but my 2016 Ram gets me the same places
That's so true! We cannot buy time. The only thing I can do is simplify my life, cut expenses on things I don't really like, so I can spend time on one or two things I really like.
The actions or steps you do to attain success determine its outcome. Developing sound habits, such as consistently setting aside money for reliable investments at regular periods, is essential to accumulating wealth. I hope that everybody who reads this will have success in life because financial management is an important subject that most people avoid and that will eventually come back to haunt them.
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 .
Inflation will cause frenzy, in my opinion, until the Fed tightens its control much further. Seeking a financial professional with fiduciary obligations who is knowledgeable about mortgage-backed securities is the best course of action if you are at a crossroads or need honest advice on the best course of action to do right now with the financial markets.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Rich people stay rich by pretending they're poor and poor people stay poor by pretending they're rich.
Amen!!
Lots of rich people care about looking rich.
@MayTheSchwartzBeWithYou The ones that were once poor. Youre born with it, its no big deal.
@@Longislandteaboy
There are plenty of generationally wealthy people who do not dress poor.
@@MayTheSchwartzBeWithYou im not saying they dress poor. But dressed in logos in a faux pas.
I used to work expediting a dock at a warehouse. One driver would show up once or twice a week; he was this pudgy, balding middle-aged guy wearing a "Canadian tuxedo" (jeans and jean jacket). The clothes looked like you expect; some stains, old worn work boots with scuffs, etc. He did wear a company ballcap with the logo on it. He was conscientious about his work and would be sure to be there on time and call us if he was running late for any reason, which wasn't often. The mental image you have is probably pretty accurate except for one thing.
He was not an employee of this trucking company; he was the OWNER. He covered for employees' unexpected absences (family emergencies, illness, etc) and all this and still was running his business and flying down to Georgia to buy new tractors for his fleet. Yeah, he invested in equipment and his employees (he had the best).
He would sit in the trucker break room and watch, listen and talk to other drivers, and none of them knew he was a multimillionaire. He one time showed up to pick up a truck for a driver who'd had to leave for an issue, and he drove up in an older model pickup. So never did he flash his money, ever.
There were a lot of drivers whose mouths and attitudes disqualified themselves for ever driving for this guy, because they assumed he was just another of them and that they were "safe" complaining and telling what they did to "screw over their company/owner".
That's just the owner larping for his employees, happens a lot with small blue collar business owners.
When you go to his house he has a giant mansion and all the toys and his wife is wearing chanel. Don't be fooled.
@@gamesguy I know where he lives. House is about the same as mine. His family are down to earth. Don't you be fooled by your assumptions. You seem to have missed where I said he has work-related stains on his clothes. He works his ass off, and gets dirty doing it, at least 70 hours a week. Don't make me laugh talking about LARPing a truck driver's job. It's not a pretend job that you can roleplay. I've seen him regreasing a fifth wheel right there in the parking area (filthy job) in the snow.
Oh, and by the way, what if he DID have a "mansion" and his wife had the temerity to wear Chanel without your express permission? They earned their position and his employees have good, well-paying jobs because of it. There's no secrets (and NO, I am not doxxing him so you can poke around and harass).
Sounds like a green eyed monster 🤦🏻♂️
@@petuniasevan some people have "all the answers", yet problems every day, mostly caused by themselves...shouldn't even have clarified for the dude. - I see where the trigger was, " don't be fooled"....... I know a guy "long time ago" senior exec who worked high level for DuPont Chemical IT & security. Dressing down and hanging in the breakroom and just listening was his go to M.O. to learn the ins and outs of what was going on with employees. I also know a few Millionares in my lifetime - ( more frequently these days) - they come in all shapes and sizes.......... ...... it's all an illusion and a mindset. People are people - they are the same with or without money. Money only amplifies a person's true personality - Most Millionares - people wouldn't even know they were millionares. Most Billionares - again - people wouldn't even know. At the end of the day - True people don't give a rats ass....... the ones that do - aren't worth meeting.
So, this video is about saving money by not spending it on fancy stuff you don't need basically. The best story I heard about rich people pretending to be poor was about a guy who ran a scrap yard. On his way to work he would leave his house driving a Mercedes and on route he would stop by his garage and swap it for an old banger which he would arrive in at the scrap yard. He did this so he could buy the scrap at a better price than he could if the sellers knew how much money he was making out of his yard.
As a 50 year old: At times it’s critical to look average or middle class and be stealthy. Poor isn’t a great look as people associate it with crime, drama and unpredictability. Looking well off and being well off can open a lot of doors and opportunities too. Most importantly focus on what makes people really happy…friends, family, faith , work that serves others. But Buying a Rolex, wearing it for 25 years and giving it to your son when he becomes a father can give you a tremendous amount of happiness too.
Funny you bring up that Rolex. I actually had one 27 years on my wrist, precisely to leave at death for my son. A van followed me home one afternoon and a guy with a gun put it on my forehead and asked for my watch. My entire life flashed through my mind as I was taking it off my wrist. I was very nervous but a great consolation quieted my anxiety when I realized that if my son had inherited my watch, he probably would have fought to keep something so valuable I had bequeathed him, and he would have lost his life over something so meaningless in the greater scheme of things. We're not in Kansas anymore.
@@Fr1nc3sc41 Sad! As a watch enthusiast all my life, rarely do I wear anything valuable today. It's not worth the risk. As an older lady entrepreneur, I wear a small neck watch worth $ 100 I bought on eBay. As a former cop while in college, I often carry a solid birchwood cane with me. Nobody wants to screw around with an old lady with a cane and an take no prisoners attitude.
Exactly right. Never wear anything you won't give to a thief--it is not worth it.
@@alexp3752 speak softly and carry a big stick
Rolex... Oh dear!
not to mention: the kind of people you invite are often nasty, insecure, arrogant people, some of whom are even narcissists and sociopaths. I miss living in a middle class neighborhood because people there were nice, kind and generous.
I sadly met poor narcisstic, rude, greedy people.
I knew a guy who thought my whole family drives Lexus. I have an old one. Like before 2010 model year.
The dude was so convinced I am rich and my whole family drives Lexus that when my Dad picked me up (old Lex in the shop for some TLC) in a Honda SUV rental… they thought it was a Lexus SUV.
Needless to say, LONG before that instance that guy was getting faded out
Yeah, I've never cared to be around so-called "upscale" people either, people who are "full of themselves"
@@AS-np3yqMe too.l run.
I think both poor and rich people can be nasty. In my case I've met both untrustworthy, superficial, uncaring or manipulative people of both high class and middle or low class. And of course one must never preclude oneself, as we can also be nasty or maddening to people who are not our type.
I'm based in the UK. So grateful that you popped up on my youtube. I will keep my current car and settle the balance instead of swapping it out for something newer and continuing to pay. I'll focus on building up my tax free savings.
You're one of the most honest adviser on UA-cam thus far. I'm totally 118% agreed with your advices.
My parents grew up poor but worked hard and had entered the middle-middle class by the time I came along. They nonetheless taught us very working class values, to the point that frugality is hardwired into my DNA. Fortunately I married into the same social class and my wife is even more frugal than I am. We’ll possibly be in the global 1-2% before we shuffle off this mortal coil, but are working diligently to pass on the same values to our kids that we got from our parents. Debt-free and retired in our mid-40s, we are full time into social work now, and our kids are actively involved with us. We hope that this will impart values of empathy in our kids, and that they, and their kids in turn, will never squander their wealth, but instead give back all that they can to our species and to our planet.
I've never wanted to be flashy rich. I have always been striving to just own things that are quality.
i found that name brand and quality are very opposite
Bingo! We both understand that absolute quest for quality and value.
What I learned hard way is that what for me is quality for others screams flashy.
nice!
What's your networth
People with real wealth prefer quality and comfort. You never see them covered from head to toe with brand named items and labels everywhere.
Not disagreeing but i once read this study where they looked at the size of the labels on clothing. The found that really cheap clothing and really expensive clothing had the smallest labels. It was in the middle where the logos were the largest and most visible. I found that really interesting.
Wealthy people absolutely wear brand name... These brands are so exclusive, they are unknown to the common person. That's if these clothings aren't custom made and tailored. These brands have a very discrete logo, if any at all on the exterior.
You can get high quality and comfortable things at middle class prices easily, rich people shit is just expensive for expense sake honestly...
Aint saying that shit isn't of quality but its needlessly expensive because they are flex items, 10k watch to show how well off you are, 100k suit etc. type nonsense. (pulling numbers out of my ass not sure how expensive "premium" suits get)
@@ft9kopexactly a millionaire can be decked out in $5000 worth of “cheap”looking clothes but we’d never know….gucci and Prada are cheap clothes compared to what wealthy people wear.
That’s probably cuz they’re not very cool and don’t get laid, if you have 3 million dollars and you’re wearing flip flops with socks and cargo shorts you’re still a loser forever.
Exacly right on every point, as an Indian looking poor comes naturally but life is comfortable for life. Remember looking rich but struggling to pay bills makes life a struggle looking poor but monry in the bank hives you a nice life for life
Saw an interview once with some wealthy man. He said he bought a new car every year. The reporter asked why -- the car he had seemed perfectly good. He replied, "you have to have a better car than your neighbor. That s what life's all about." At that point I wasn't jealous that he had more than me. I felt sorry for him. Was that the most happiness he got in life? I'd much rather have a wife who loves me, hobbies I enjoy, accomplishments I can be proud of, A relationship with God. I have no desire to one up my neighbors. I don't care. If they have more than me ... Good for them.
Gurantee that bloke just made a joke
@@kralexprofill4571but then what was his reason to buying a new car every year, sure he meant it
@@ngapuikuemberirua3670if he has the money,then he has the money
Even though I don't want the burden of maintaining lots of expensive possessions I don't always judge or feel jealous about anyone who does as life is short and if buying something brings happiness to someone during their existence on planet earth then I am happy for them.
You saw a future poor man's interview...
I think there should be a balance. Save money and have financial security but also treat yourself to something nice once in a while.
If you enjoy something and you can easily aford it without a loan or sacraficing your emergency fund. Go for it.
You can not take money with you once your time is over.
Things can change fast sometimes so enjoy life now.
What good does it do me to save everything now to be a Millionaire at 75 when I might die at 60?
Exactly. The whole emphasis is on save as much for retirement. And not to waste money. But its wasting money saving for a retirement when you might he dead by age 60
Agreed
Sure, I made some sacrifices early on but not too much. I bought whatever I wanted and traveled etc. I just never cared for anything fancy; fancy dinners, fancy cars, fancy clothing or devces, fancy hotels, or even a fancy house. Fancy does nothing for me and I just feel stupid wasting money. I retired 15 years earlier than normal and I am now just enjoying life and owning my time. As you get older you realize time is what is most precious to you, not money. I therefore focus on extending my time with a healthy life style and staying in shape.
Yes correct but not loud bling ....
Balance is the key. Be responsible and save for your future while realizing that the future is not promised.
Nowadays,it is even more important not to compare your wealth with others, because a large portion of those who appear to be wealthy and have all the nice things are in fact drowning in debt….
Frugality is key, not necessarily looking poor. With a good investment plan that ensures steady income without any doubts I am prepared for a well organized retirement. I started investing in stocks 3 years ago and so far, I am making a good yield on my dividend.
Herman Jonas, a licensed FA has undoubtedly helped me make so much progress. He has guided me to identify key stocks, (options and futures) for the short term and Roth IRA, index funds, cryptocurrency and ETFs, for the long term pinpointed strategic entry points, and provided risk assessments, ensuring that my decisions align with market dynamics for optimal returns.
To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward in my finances. It’s all gambling.
I’ll be clocking 47 soon and I want to put my finances in order and make better investment decisions. How can I get through to him?
Hermanw jonas that’s his gmail okay
Thanks for the lead. I was able to get in touch with him and we spoke at length. I'm getting started right away!
Why look poor? Just look simple, comfortable, and be yourself.
Yes super agree with this! 💯
Love saving money. Keeps me on track for retirement. But at the same time it’s good to spend on things that bring us joy 😊
you cant save money in te uk,the governtment wil just take it
Do not forget about the biggest scam governments created: inflation.
My parents, who never finished grade school, raised me like we were dirt poor, simple meals, never eating out, limited clothes, I slept in a living room with 2 other siblings, walked everywhere, etc. It wasn't until entering my 2nd year of college, it was revealed that they were millionaires. Neighbors and their friends thought they were poor, but they just saved money for investing. They were able to retire in their early 50s and have been living the same modest lifestyle. They invested everything into real estate in the early days of the Bay Area (before the tech boom) and each property eventually turned into a million per house.
To be honest, that sounds a bit extreme, more measly than frugal. Balance is the key. I had lived a more comfortable childhood in what an average US citizen calls third world country. Please don’t repeat that for your family if you are now a millionaire.
What’s the point of saving all that money if they’re never going to spend it? I’ve never understood this mindset. It’s one thing to leave something for your family but so much financial advice is obsessed with saving for the sake of saving.
@@roderick_yang I am frugal, it's knowing you can buy anything you want if you wanted it. Knowing I can maybe retire earlier than I planned. I am not saying don't buy yourself anything, it is all about balance. Buy stuff you want/need but don't buy stuff you don't need. I always say to myself, do I need it or want. If I need it, I buy it. I create lists on my phone with stuff I need and then when I go shopping I refer to my list and don't buy impulse things. It's all about a balance. I really don't need much or want much. I don't need fancy cars or furniture, I am happy with what I have, it's simplifying your life.
Horrible parents
You had great parents
Humphrey I got the raise! More money going direct towards retirement! Thanks for all the tips!
Excellent!
I like how you take the effort to inform your audience; after all, we're all trying to live better lives with stable finances. This is simple to accomplish with the correct investment, modest lifestyle, and budgeting. I am grateful that I was taught early in life to strive hard for financial independence.
Despite my involvement in investing, I am discouraged by my inexperience in evaluating the performance of specific firms and figuring out when to buy stocks. My worries are heightened by the way inflation is depleting my cash reserves. It wasn't tough for me to earn over $780k in the last 10 months I am not sure what to do at this point, but I need to know the exact market trajectory information.
Given their depth of experience and investigation, they are quite unlikely to perform below expectations. Their area of expertise is in taking advantage of the asymmetrical potential of risks and utilizing precautions to avoid negative consequences. For over two years, I have been working with an investment coach.
I could really use the expertise of your advisor, who's the person guiding you? I've been thinking about going that route myself. I have a lot of stocks right now, but their value is starting to go down, so I'm not sure if I should sell or hang onto them.
‘Diana Casteel Lynch’ 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.
Thanks for sharing, 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 e-mail shortly.
Be Grateful for what we do have... is the best message in here. I was always chasing more and even once I got it, I just moved the bar and kept reaching for even more. I felt unfulfilled and I lost track of what was important...and have lost important things in my life as a result.
"Having a Rolex isn't a flex if it just tells you when your lunch break is over”
until 3 hoodies surrounding you
If you travel overseas a lot GET A ROLEX! It could save your life.
But Rolexes do relatively often keep up with inflation in value. Not a bad purchase if you truly are looking for a “flex” purchase rather than something that instantly depreciates in value such as expensive brand clothing or cars.
@@austinatomTV?
Actually a Rolex is an amazing investment 😂
As a Car guy, I bought the car I love. Even after 10 years I still look after it and am Happy when I see it, drive it, wash it, be near it. It's a never ending fountain of happiness 😂
Sounds perverse.
If that makes you happy, you better enjoy it. You are not showing off your money, you actually enjoy cars!
What did you get
Investments are the roots of financial security; the deeper they grow, the stronger your future will be."
The deeper your investment roots, the stronger your financial security will be in the future.
Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.
I would love an introduction to an adviser who can help me strengthen my financial roots.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
Thank you for this amazing tip. I just looked the name up and wrote her.
I think it helps to think in terms of the value that each thing you own has and that you should ideally replace them only once broken or once the value is completely used up. Not only it makes you more satisfied with the things you have, but it helps saving a tons of money
As a poor person, I had poor people around me who sucked me dry. Many poor work for small businesses which milked me, cheated IRS, and tricked customers as much as possible. Just my experience why poor stay poor not just their spending. At times I didn't even make the minimum wage. Three jobs cost me more to go to work than to stay home. I kid you not. Took me two months to realize that's was the case as I was too busy trying to be a great employee. But boy did I learn from my experience and retired in mid 40s having made over $40k a year only once in 26 years.
I've always looked poor and now at my age, my souls wants no things, but freedom from work, which I achieved.
So how do you live now? I understand craving freedom, and that's actually the first spiritual trap to fall into after you have met your survival needs if you felt chained by them. Being free and showing status are the traps of the poor. Self-actualizing and self-transcending are the ways forward.
The 48 Laws of Power, Law 10 is "Infection: Avoid the Unhappy and the Unlucky."
@@edheldude Bought Tesla stock and Bitcoin in 2020 when I watched too many financial youtube videos during covid shut down. The money came from a studio I had bought for living in 2008, but couldn't really afford and had to rent out. I still had to pay extra every month to cover the expenses. Sold it at the end of 2019. It never appreciated. I just got my equity back. Had I put all condo down payment and extra payments into market right away, I would have retired before 2019. The condo even put me in credit card debt. Tesla and Bitcoins went up enough no to work. I also learn a lot being in the market. Learned nothing holding the condo, maybe not to buy again.
@@yrnkevinsmithC-137 I have that book. I just haven't opened it yet. I will today.
My great aunt always said know how to speak poor mouth so no one knows you have money. If I was wealthy I wouldn’t be caught dead wearing a label or in a Lambo.
lol that’s a funny term
@@humphrey
Why don’t you make some videos on 529 plans
@@humphrey it’s an old southern saying
@@humphreyseriously what’s good with the 529 video?
Yep, I agree with her. I prefer that people don't know I have money. There are a lot of problems that arise when people think you are rich.
Well, what makes me an outlier I guess! I am 57 year-old English immigrant, with zero interest in tech or stocks, and yet I am 110% committed to Bitcoin. I would describe myself as an extreme conservative/libertarian. I have been involved in UK politics for some time, and the main thing that drove me to study Bitcoin and ultimately recognise its value to Humanity was the threat posed by an over-weening government, first in the UK and lately in the US also. I regard the CBDC as the final brick in the wall of the totalitarian prison the world's governments are building for us. And Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 9Bitcoin....I'm especially grateful to Aldona Šabanienė whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I heard her strategies are really good, How do I reach your Coach/mentor?
She mostly interacts on Telegrams, using the user-name.
@AldonaSabaniene.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
People look down on me daily and i am really fine with it. I am not super rich or something but i am secure, very. To imagine that you can easily amplify the lives of those who do this is ironic.
Most importantly, you only attract true and genuine people which is extremely gratifying.
Now for someone who respects you regardless of what you own, are you willing to help?
Such a sad life
No one looks down on you for looking just normal. You must be doing something really wrong where everyone looks down on you. And you say you can do some good in other's life but what have you even done?
@@sma9810 Your life is sad. Not mine
@@bryanryan4504 What have I done? Are you seriously being sarcastic here. I could ask you the same question. how have you effected your generation?
I am a Nigerian, do you understand how people fake love to you just on what they can gain from you? We are definitely from different demographics.
I don't want to buy things to show off to others, but to make me happy.
I buy things because I like them
You give such wise advice. Thank you. I just found you today and really enjoyed several of your videos. At 71 yrs old, It is so nice to hear a young man give sound advice and act so mature and wise. God bless you.
Living within your means is subjective. Trading things with experiences still will not change your happiness. Having Goals, building a family and improving your children’s and ppls lives are some of the most fulfilling things you can do for yourself.
Well I have looking poor part down. I've been driving the same truck since 1986. I have 8 years until I retire. Not buying a new car every few years, and a fear of poverty really helped. 😊😊😊
start my life with -$200K from student loans, never hit that dip again ever.
@@Samathachavez-k1w enjoy good luck. I added you.
@@jmaction goodnight
The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
So you recommend it .... gotcha...
@@Marco1973est It's a marketing bot.
Came across this and it’s me to a T. The key thought was peace of mind. I love what Bob Marley once said and made me realize that how I feel is more important than how I look. He said “I don’t have a lot of things. All I have is money”. Thanks for the video and glad I’m not the only one that feels this way.
So don't pretend to be rich by wearing expensive clothes. Instead, pretend to be rich pretending to be poor by wearing clothes you could actually afford. Got it.
BINGO! Lol
Stop pretending to pretend, yes.
Instructions unclear, sewed my own clothes from a flour sack. /s
LOL. The fake poor are cowards who have no self esteem. You wouldn't find me dating a guy like that
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.
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
Credits goes to "Lucinda Margaret Crist" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
@@yeslahykcim lol these fake conversations by bots to promote scammers is so funny. :) :)
The biggest thing that helps to live within your means and appreciate what you've got is to look at those below rather than above. E.g. my siblings always complain our cousins were are getting really expensive clothes whilst our dad never bought us even the most basic clothing, despite being richest out of all his siblings. My thinkings always been, at least we have a father figure in our life, there's millions of people wishing they had one.
When it comes to Cars I'm driving a Toyota yaris whilst my friends are driving Audi A5s and 2024 plate golfs. Never really bothers me cus my thinking's at least I got a Car, millions of people are struggling without one. I've got bigger responsibilities to spend my money on.
This video is so important! I drive an old vehicle by today's standards (ubiquitous 2005 Honda Pilot). When I am out and about one would think that I don't have much money. I shop reduced priced meats and produce. I am very content with my life and no one knows that I am an everyday millionaire. What do I do to help people out? I buy their groceries when they don't have enough to civer the bill in line, or don't have the ability to pay when they reach the checkstand. It doesn't cost me much because my dividends on investments far exceed the amount that I pay out to help others, When you are a quiet unassuming millionaire you could help those in need as a random act of kindness. I will never run into those people that I have helped and that is okay. My conscience is clear and hopefully these kindnesses will help heal our divided world.
About 12 years ago, when I was a young professional fresh out of college, I wore nice clothes like Burberry trench coats, Armani jeans, limited edition shoes, and Tudor watches. I worked at some big-name banks in NYC, so I could afford them, though I barely had any savings after paying for rent (my studio was back then $2.7k/mo) and food. I don’t remember the exact reason, but I probably didn’t want people around me to look down on me and perhaps also earn me some respect.
I later joined some interesting markets and industries and managed to retire in my early 30s, mostly due to luck, I think. Now, I wear $20 T-shirts and flip-flops, don’t wear watches, and eat fast food like Chipotle, Popeyes, or random Japanese sushi rolls, keeping each meal under $20. Stop caring about others' opinions on me. To kill spare time, I either choose to take some online college curriculums (especially those in Law, Medicine, and Physics) or just play some hard-core sim PC games like MSFS or DCS, which only cost me the price of electricity. My house is around $400,000, making it easy and affordable to maintain. Very happy with what I have now, and pretty sure I don’t really want much else.
Are you willing to touch lives
Never say what you know, never show what you have
I live by this 💯 and remember telling my friend that when we were 23
@@SiccoJanBier Hi dear Good evening . I hope my comment didn't sound as a form of privacy invasion your comment tells of a man with a beautiful heart which led me to comment I don't normally write in the comment section but I think you deserve this complement. If you don’t mind can we be friends? Thanks God bless you….🌺🌺🌺
I Hit 50k today, Thank you 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 joanna claire for helping me achieve this .
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed Broker and a FINRA AGENT in the United States.
You trade with joanna claire too? Wow that woman has been a blessing to me and my family
I’m new at this, how can I reach her?
I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.
I actually still wear shirts I've had since the late 1990's regularly at home even though I have brand new shirts never worn before. Net worth $5.2 million.
wow nice
Sounds kind of stupid to me. But then, it's just me .
I have a higher net worth than you, and I certainly never show off. Rather frugal actually.
But 30 and 40 year old shirts.? Be a man.
Well that's just dumb... 5.2 and not wearing what you bought
@@NeptuneKnives maybe he buys in bulk, I would. I used to buy 3-4 pair of the same shoes on a mall trip, then wear them out one at a time.
Listen man. You don't really need "$5.2 millions". Consider them exactly as your brand new shirts, beautiful but useless. Just give me 4 millions and keep one for you, the one that (maybe) you have to use. Embrace simplicity
8:10 it’s the same when you get a new woman, initial dopamine rush, then reality sets in. Before long it’s happy wife, miserable life.
I bought a brand new Honda Civic in 1991. Loved it to bits and it made me sooooo happy.
Every time I look into my garage, and I still see my 1991 Honda Civic, I feel sooooooooo happy to be one of the only people who still have one of these cars. It will never be, "just an ordinary car," to me.
I have a 22 EX, and Honda doesn't make comfortable seats, doesn't have lumbar support
@@shapourdashtpour63 Sorry to hear that. Honestly, they don't make 'em like they used to. My wife has a 2025 HR-V, and I hate driving that car.
@@Maplecook maybe a used Mercedes satisfy you? Take care!
@@shapourdashtpour63 Why? I have my Civic! haha
But to be honest Honda has good safety features
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Brooke Grace Miller.
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
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.
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.
I'm new at this, please how can I reach her?
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
Would love to see you address future occurring risks and how you handle these situations yourself. as for me, I'm just great at buying into moat heavy, cash flow grantors, buy on dips, and add as they drop, and enjoy the bull markets when they happen.
As always, it’s absurd when people call stocks momentum a flunk, they aren't considering the long run. The companies themselves have not changed, it's the market that keeps changing. Steady as it goes, and it'll regroup in weeks.
I need the market to go down some anyway. The small pullback at the beginning of the month wasn't enough. Many are overpriced now and buffet sold his. I was looking for a rough setback as I am eager to capitalize on the market.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria.
UA-camrs love saying people should "look poor"; it's like someone uploads a video like this every week. It doesn't matter if you look poor or rich because how others perceive you is irrelevant to your own financial situation (one could argue that looking rich can open more doors).
Instead, focus on living within you means and buying what you can afford.
Someone didn't watch the video lol.
@Warrior_Resisting_Colonialism please explain your comment.
@@DR-cu2fl Why not just watch the video and hear him explain why he titled it, the way he did? Not interested? He explains it VERY well.
@@Warrior_Resisting_Colonialism I watched the whole video. Please explain your comment.
@@DR-cu2fl You said:
"It doesn't matter if you look poor or rich because how others perceive you is irrelevant."
He explains very well in the video, that the problem some people are having; is they want to look flashy to impress others and hanging around others with the same attitude could cost you, if you're not careful.
Growing wealth is a mentality. The point of this video is to help people understand the correct mentality to have, in order to get their money right.
Therefore; your comment is out of place. I understand what your trying to say, but the context is wrong for the videos point. It doesn't fit. It seems as if you made the comment before watching the video. Hence: "Someone didn't watch the video lol."
very true at around 6.49 mins.....we forget that to have a bed and a roof over our heads and just the basics that so many people around the world do not have is something to appreciate...and to have a car and fund hobbies and stuff is a nice extra too
You are truly wealthy. True wealth begins from the mind.
I’m a new subscriber. I’m 47 years old now, but I live this video’s philosophy. I wish I was frugal 20 years ago tho! Luckily, I invested in my 401k and plan to retire at 55. I could do it sooner, but I’ll get medical benefits and a good pension. Plus, I love my job anyways! Good luck to everyone that is watching this! Appreciate the beauty of Simplicity!
77 years old. The 20 year old car runs like the day it was purchased, brand new. Replaced the headliner and driver seat cover last month.
The home constructed in 1950 and owned for the last 44 years is in move in condition. Yes, I could have gone upscale and moved to Malibu years ago. I have the small house on a hillside urban lot with fruit trees. The new home two doors down was listed for $6,230,000 and sold in one month of listing. The two new homes at the end of the block? One was just rented for $17,000 a month!
The credit cards? No debt.
My first job paid 25 cents an hour.
I have a brother who is truly frugal. He banked every bonus and pay increase for many years. He is worth millions, owns a very nice car and a home on the golf course.
Yes, I am from a part of the U.S. that was settled by Dutch,German, and a little mix English settled in that area in two settlement times in the 1600s and in 1850s. It was a community of multi millionaire but people who did not live in that community was not aware both understanding the people and their history and culture it was a mix of agricultural and light industrial! I as a child knew people who daily carried a bank roll of cash from $ 20,000 to $ 100,000 so they carried they carried cash to make a quick and fast purchases for both their farming or light industrial business. It was at a time before people carried credit or debit cards. It was a area of the U.S.A. that was very slow in giving up the tradition of using cash to for huge financial transactions. Only on sundays did people did dress up six days of the week everyone dressed in there work clothing it was also know for being no or low flashing of wealth.
Everyone who had wealth did keep a low profile.
Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.
Wow that's awesome 👌
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
Cryptocurrency investment, but you will need a professional guide on that.
Facebook 👇
Evelyn C. Sanders
Being grateful and peace of mind is the true wealth.
Agree completely with Humphrey's approach of living modestly being the true path to wealth. Even when the net result of living this way is that you actually become relatively wealthy.
I was meeting my wife at a public place, and as she was looking for me, she noticed someone who almost looked homeless (t shirt, sweatpants, raggedy baseball cap, worn out sneakers) and later realized it was me. I think I have achieved my life's goal to look poor.
@@cathhl2440 between me looking homeless and her “shopping” for gently used furniture in our neighbor’s dumpster, we got the “looking poor” thing covered.
I’m far from fancy, but I would be embarrassed and feel a bit disrespected if my partner didn’t even attempt to look attractive to me. My bf is pretty casual, but he doesn’t look downright impoverished. He even dresses up when necessary.
@@Autumn_Forest_How rich is he
My mom said I don't get good service while out because I look homeless HaHaH (I'm a bit more financially off than my parents)
@@bubblechaser5369 What's the range of your networth, six fig, seven fig?
Honestly, saying you are guaranteed to earn more than a 4 year degree is pretty misleading. I have no doubt that it can work out, thats why people like him exist, but there are so many people who couldn't do ut his way, I just started an econometrics study and if you are somewhat good with it you can expect to earn around 200-300k as an employee, I know this because I've spoken with people who have done exactly that. So the best career path really depends on what someone is good at. The things Alex preaches might be true, but certaintly aren't meant for everyone.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
I lost over $100k 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 $12500 profits weekly. Thanks Pamela Alexander
Mrs Pamela Alexander 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 Pamela Alexander
Wow. I'm a bit perplexed seeing Pamela Alexander name been mentioned here also. Didn't know she has been good to so many people.
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
People who look rich get robbed. People who look poor, well, no one tries to rob you cause you look poor. And beyond that, I looking rich requires so much effort that I rather spend time on things I enjoy.
Yes, but there is also a downside of that... If you look poor then rich people don't care to know you. And you get a lot of life opportunities by being friends with rich people, like good business offers etc.
@@kuba6156not true. You have your networks and friends. They don't care how you look or how you spend your money. Your time is your time, your money is your money.
I did the flashy money thing for a while but my biggest jobs came through reputation, when I'm working in jeans and a tshirt, oddly enough got a few large contracts through my friend who's a dentist.
It's usually young up and comers who care about that stuff. Not worth your time until they add value to your life.
Cause u r poor hahah
Poor people still get robbed
I've taken this approach my whole adult life and can confirm how easy it is to live under the radar with minimal overhead. This video was just a pleasant reminder to me to continue on this path. And if this concept is considered "looking poor" then I'm quite happy with the least amount F's given as to what others may think.🥂 to autonomy. Great video!
What's your networth
@@PetznarAbsolutely none of your business. Watch the video again for additional insight on how you can utilize said information towards securing yourself a net worth that will afford all that you may desire. Cheers and happy new year$
During college, I worked for a successful entrepreneur who always wore the same modest watch, even though he could afford luxury brands. When I asked him why, he said, 'It tells the time perfectly, and that’s all I need.' That mindset really stuck with me, showing that true wealth comes from valuing practicality over appearances.
Yep, 43 Here and 1.5M net worth. I value simplicity and only buy things that will make me happy for longer and relatively keep their value, My house was $275K from 2015 and still drive my trusty 2010 Acura TL with 160K miles. I am good till I hit 2M+ net worth at 55 and retire myself and my wife overseas and live like a King.
You have the same game plan I do. I won't retire in usa. It's too expensive. I'll leave a paid off house here but I only have 1mil net worth at 45. How did you get up to 1.5m. Good job man!!
Why not retire now?
@Observer100-cn7gv I prefer having 2M before retirement. I make 225K now.
@derrickyegge1303 Just investing, saving about 40% of my salary and living modestly for about 15 years. Also, as a software architect with a high salary, it helps a lot.
Good job
One of my tricks is to buy a quirky fun thing at a thrift store. I get a dopamine hit from this new thing in my life. When that wears off and this thing no longer sparks joy, I bring it back to the thrift store.
Unfortunately, resell has made thrifting an utter joke.
When I hear about people getting mugged for a £10,000 watch, I get a warm feeling in my heart. Don't get me wrong, I wouldn't mug anyone anytime but wearing a fortune on your wrist is asking for it.
I think there are times you need to look rich and
successful to network with successful
but I agree that most of
what you said in this video.
Wealth is the amount of years you can afford not to work.
When buying something I try to ask myself how many hours/days of enjoying life I sacrifice for that.
And maybe more importantly: Am I willing to adapt this new thing into my lifestyle and replace it with something as nice after it’s lifetime is spent. (You never just buy a nice car once. In a few years you want an adequate replacement)
Having money gets you negative attention,
But the perception of money, but not having money is even more dangerous than having money, because you won’t have the resources to navigate potential dangerous situations that can only be solved with money.
'Inviting the right people in your life' is good one. I totally agree with the entire video. Well said. Regards from Pakistan.
Humphrey: Keep a low profile.
Also Humphrey: Here's a snapshot of my current investments.
Everyone loves bragging, they just brag about different things. I have a millionaire friend who dresses worse than a homeless, gets haircut once a year, uses a Samsung galaxy 4. He loves bragging how cheap his apartment is, how cheap his monthly spending is.. when people mention about their new iPhone, he loves bragging about how old his Samsung galaxy 4 is.. And ofc, he loves bragging about how he has over a million dollar saved up.
@@DragonRider520if we create a culture where basic people brag about their frugality instead of their loud cars, we'd be infinitely better off as a society
@@codegeek98Nope. So many people will lose jobs, many business will be closed. Saving is a good thing provided that most others are not doing same
As above so below.@DragonRider520
I know nothing about trading/Investing and I'm keen on getting started . What are some strategies to get started with ?
As a beginner investor, it’s essential for you to have a mentor to keep you accountable.
MrsTelisha Grover, has really helped my life and entire family during last year. may the good lord inspire you more .
She's also my portfolio manager!! though i started with as low as $5,00 actually because it was my fourth time and it was successful, she's is a great personality in the state.
Please educate me more, I think I've come across this name MRS TELISHA GROVER before.
SHE MOSTLY ON TELEGRAM'S USING THE USERNAME
I get a boost every Friday since that's the day I buy stocks and ETFs. Better feeling than buying anything else.
@@nicksmith8141 Hi dear Good evening . I hope my comment didn't sound as a form of privacy invasion your comment tells of a man with a beautiful heart which led me to comment I don't normally write in the comment section but I think you deserve this complement. If you don’t mind can we be friends? Thanks God bless you….🌺🌺🌺
I bought the cheapest used Jeep I could find about 9 year ago. When I first got it I would get a smile from ear to ear every time I looked at. A few years and thousands of dollars in repairs later, every time I look at it I get a smile from ear to ear.
Absolutely agree! Looking wealthy and flashing fancy things invite the wrong type of people.
6:48 Exactly. We do not appreciate how lucky we are having the shelter, food and driniking water. So many of our caompnions in the journey (which is life) are not that lucky...
You do not have to go extreme guys. Just look normal and behave decent. It's all about personality.
Very good advice. I used to meet up with 3 middle class men that I previously worked with. They seemed to judge who was important based on buying a new and expensive car, what holidays they go on, whether they belong to a golf club, what street their house was down, what new extension they are getting for their home, etc. etc. I realised that they were toxic friends, not real friends and I now feel better for not socializing with them any more.
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?
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.
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.
bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?
I work with Jessica Lee Horst as my licensed advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thank you for sharing, I must say, Jessica 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 a call
I have a Mazda CX30 and I feel already super luxurious with it. It doesnt cost me very much insurance or maintenance, uses very little gas and is super comfortable for long distance drives. And I bought it because I think it looks cool, who cares what brand it is, it still brings me joy after many years...
Looking poor sounds like the ultimate flex in today's society. Who's with me on embracing modesty over materialism? 👏
*Thank you😊 for this video, do you offer account management or have any recommendations?*
As a beginner investor, it's essential for you to have a guide. Myself I'm guided by Mrs Victoria K Walter, a widely known consultant
That's true. a lot of people today have been
having lots of disappointments in trading in light of helpless direction and awful consultants
I've been trying to trade but I keep making losses and it's frustrating
Could you suggest a consultant for me?
VICTORIA K WALTER is exceptionally good, i believe you should give her a try
In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a podcast. What's the strategy for such returns?
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.
Opting for an inves-tment advsr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows
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
I learned about government actions from certified wealth manager in NY by JenniferMackimmWesley. Ms. Jennifer explained the benefits of long-term Treasuries and alternative investments, which the government doesn't disclose. Lately they been investing in solid start ups, bonds, digital currencies, precious metals with real backing, while manipulating the stock market decisions as influenced by congress, driven by year round events and consumer sentiment in the past half decade.
Look poor but don’t have the mindset of a poor person.
I bought my "dream car" in my early 20s. All in with insurance, I was paying about $1000/mo. I loved the car, but the honeymoon wears off quickly. The stress of ownership and the stress of feeling trapped to make that payment was a huge life lesson for me. I realized that I never wanted to feel that way again. I started to prioritize simplicity. I sold that car and bought a 2003 VW Jetta from a high school student for $3000 cash. To this day, that was one of the best cars that I've ever owned.
this is really good advise, and it is something that many people do not even think about.
looking poor and being poor are two different things. and people conflate the two
thanks for sharing
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Emily L Romano, imagine investing $12,000 and received $305,500.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment
Mrs Emily L Romano 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 Emily L Romano.
She must be really dedicated and well trusted for people to talk much good about
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional
I Started with $5,000 and Withdrew profits $89,000
Not everything is as black and white as is portrayed in these videos
For example, if I drive 30 mins to work and back each day, driving a BMW with leather interior and top notch music system will give me a daily pleasure that a plastiky interior cheap car just won't, and one just had to remind oneself of that when driving the Bimmer and that could be a recipe for feeling daily happiness with a material possession
Yeah I bought a new car a few years ago and it's such a pleasure to drive that I don't think I could go back to driving the type of sheds I drove before. I probably won't buy brand new again though. It was only worth it because used cars were so overpriced at the time during covid and I was able to get a huge discount through a scheme my employer was in. I'll keep it for at least 10 or 15 years and then get something nice but only 'nearly new' to replace it so someone else takes the hit on the initial depreciation. No MOT for three years was pretty cool though!
You have a point
Bro you are my man.... Same philosophy I live and I feel much more free than a lot of people who only talk about how perfect their lives are, but only because of things they buy. Many times they don't like their jobs, lives, flat where they live, etc. My income is 5 times higher than 10 years back, but I keep my standards of living still almost the same and I still can be happy from a very little things, like buying a new plant to my flat in a store for around 3 dollars 😄 .. .subsrcribed.
Your first statement just about sums it up (..."humble and modest"). I'm not the smartest guy in the world, but through investments, I gathered a substantial amount (several million). I'm in my late 50's. No one knows...not even my wife. Thankful to Depression-era waste not-want-not parents, I think I remain grounded, humble and modest. Some things we're taught in our childhood never leave us. The trick is passing this mentality down to my kids.
I’m an American (born and raised) about to turn 31. I know 0 people who concern themselves with new phones, cars, etc. I’m just one person; but 100% of the people I know, regardless of age; loathe consumerism to their core.
Yeah, those are the people you want to be around
that's a rarity in America...i thought...
@@ashred9665totally different between regions in the states in the Midwest people don’t concern themselves with that stuff but if you are in California or Florida etc. I think those places are very consumerist.
I'm with you man, I buy new phones and cars but I'll never buy a new phone just to have the latest. Especially when it comes to phones, I'll use it until it's junk.
@@AirmanKolberg Hi dear Good evening . I hope my comment didn't sound as a form of privacy invasion your comment tells of a man with a beautiful heart which led me to comment I don't normally write in the comment section but I think you deserve this complement. If you don’t mind can we be friends? Thanks God bless you….🌺🌺🌺
Some sound advice but I'd caution the undertone that you shouldn't enjoy money, it's there to spend. I bought a nice car 5 years ago and it still gives me tremendous happiness and I will hold on to it for another 10 years if it's still running. Not everyone gets value from extreme frugality but it's quite right that before you start spending, you should be investing and saving. Just spend the money on the items that bring true happiness and it's within the parameters of sensibility. I don't want to live looking poor.
Looking poor is really offensive to the real poor. Why not just look normal. Those stingy and cheap rich people are truly a turn off. I know because I’ve lived amongst them. Hoarding wealth is a total lack and fear mindset.
Yeah my partners father is worth multiple millions and dresses in old clothes from the 90s, looks shabby.
@@JasonISF or he just doesnt care ? why would he "have" to spend money on clothes if he doesnt care that others think he looks shabby?
to please your sense of fashion? why? what makes you so special that he would have to buy things he doesnt neet just so he gets your aproval
Well spoken ! I own a removals company, I own 3 trucks and I earn $50k per month after expenses and I still drive a Hyundai Getz 2005 yellow which was handed down to me from my grandmother who had it from new, I wear clothes from K mart, I own my house plus an investment property and I have zero debt. What I have now is so much time to spend with family and church . I dont drink smoke or take drugs . I’m in my mid 40s and loving life !
Humphrey, you are so right in what you say, the only trouble is , now in my 70s I learned all this to late, but now I am content to live a modest life, I have just got to curb my wife's spending.