Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
In Oct 2016, I was at negative 130K (just graduated college with massive debt), just this Friday I finally surpassed a 300K net worth (excluding my home) at 33. I hope I can give my children the legacy I never had.
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
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 like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
It was nice to see you break it down by net worth vs age this time. Some financial mutants have the net worth of a 50-60+ year old, so this helps just reminding us what we should be focusing on in what net worth bracket.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
I started negative (about -$60k) not long ago too and since watching them for 2 years, I'm up to around $50k net worth now. You'll be positive very soon.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
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
I'm mid-divorce. My income is 3/5 after alimony and child support and my assets are below 1/2 after lawyer fees and being forced to pay to set-up my wife's new residence Divorce sucks. I didn't want this. She's regretting her decisions which is another kick to the teeth
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I know I’ll make profits.
You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
I had negative net worth in 2020. Now have a 275k net worth. Paid down on the mortgage, sold lots of collectibles and invested consistently in good stocks. 15% in index funds and over the next 25 years each year my index fund percentage will increase. It’s my plan and sticking to it.
@@MShack812 it’s not about having a attention span. If I’m watching a educational video I want to know the different sections so I don’t rewatch something I already know a thousand times.
Thanks for clarifying whether or not house equity is included in net worth. This is for most people a large part of their net worth, BUT it contributes NOTHING to free cash flow.
This is why I chose to go small with my house and focus on saving / investing instead. I realised I would be much happier with good (passive) cash flow than I would be with what others consider to be a respectable size of house.
Houses should ultimately be included in net worth. They increase in value over time. But, in terms of retirement ability, the only way it helps is if you downsize but also, if it is paid off.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I’m just here for ideas.
Working with a financial advis0r has been a game-changer for me. They offered invaluable insights and customized strategies that matched my risk tolerance and financial goals. With their support, I’ve experienced substantial growth in my investments and gained confidence in my financial future.
The issue is most people have the “I want to do it myself mentality” but not equipped enough for a crash, so they get burnt, no offence intended. Generally speaking, investment advisrs are ideal reps for investing, and at first-hand encounter since the covid-19 outbreak, my portfoli0 has yielded over 300%, summing up nearly 7-figure as of today.
Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Opting for an investment 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
10.5 years ago my mother died suddenly. My sister and I split her cremation costs on credit cards. I realized that if I passed suddenly my wife and son would be left with nothing. We had a negative 100+K net worth. I doubled down on paying off credit cards, personal loans, student loans and medical bills. We both doubled down on our career as we were mid 30's. Just hit 1 million net worth (including primary home / 750k without) last month. It is possible to move the needle and still go on vacations, and help others. We are now mid forties and in the sand which generation taking care of my son/granddaughter and mother-in-law in part financially.
Recently hit 100k in investments! 2 years at my company and 2 years out of college. I graduated a couple years late but feels good to finally be ahead off the curve
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or strategy to keep my retirement contributions on track to my $5m goal.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/advisor.
Great advice here. Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.
@@AddilynTuffin Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
I've stuck with ‘’Jennifer Leigh Hickman ” for more than 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Indeed, Most people miss it but the secret to living and retiring comfortably is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive.
It's good you teach and stress the power of utilizing compound interest: "$1 now is 88 dollars (starting at 20 and retire at 65 with a 10% annualized return rate). Looking at the opportunity cost of time, delaying 10 years to invest that $1 to get the same $88 would now require approximately $2.70.
Not really... After accounting for inflation, taxes, permanent investment losses along the way, and loss of time to use the capital, the present value of the delusional $88 that has about $23 of taxes that must to be paid is about $1 in present value.
I really like this "livable" net worth. I would still live in my house, so it doesn't get included. Might go more conservative and predict any taxes that I'd need to pay too. Would still include the mortgage. That would be a really interesting number to get to zero.
Getting to 1 million, liquid, is wild especially if you are able to get to a million, you probably put a good chunk into a 401k/Roth already. Having money left over to put into another account early in life to build it to another million is very hard.
Same here. It can get overwhelming, especially when every article claims to have the “best” method. I’ve heard that what works can really depend on your net worth and financial goals.
Absolutely. I think that’s key-tailoring strategies to where you are financially. For example, when I was just starting out, focusing on paying off debt and saving aggressively made a huge difference. Now, I’m more focused on investing and tax-efficient strategies to grow what I’ve saved.
That makes sense. My husband and I are in a similar boat. We’ve paid off our mortgage, so now we’re looking into more advanced strategies like real estate investments and maximizing retirement accounts. But we’re still figuring out the best way to go about it.
Real estate is a great option, Mia. We’ve done well by buying and holding properties, but it’s definitely not for everyone. It takes time, knowledge, and the right market conditions. I’ve also been diversifying more into index funds and ETFs lately to balance things out.
50 percent savings rate should be a priority at any stage, to double the time it takes to get to the next stage. They also assume 8 percent exponential growth, not accounting for inflation, shrinkflation, and greedflation of fiat currency, when in reality eats away an average of 8 percent a year. Also to note, there are a lot of sales duo bots replying to every comment that drop a "name" to search for consulting.
I liked the Beyond Basics article on paying off high interest debt and the types of debt that fall in that category. I was curious why 401k loans and HELOCs aren't discussed. Where do those debts fall in priority order of the FOO?
Good fundamentals to basic wealth building and most can’t stay disciplined enough and take on too much risk. To build significant wealth does require different strategies and more asset and business ownership outside basic markets.
"Strutting around like George Jefferson just because you happened to buy a house at the right time" - Are we sure Jefferson is the George we're shading here?
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 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
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I am starting to spend a little but my savings rate is at 46%. I am going for a 69% savings rate by the end of the year. I want to increase my net worth in every year of my retirement.
I think you should experience a different kind of joy. Take a day off work, drive to a food bank and ask what they need, go buy everything they need by spending $500-$2000, then hand deliver everything back to the food bank.
Why? Are you trying to leave money for your kids, etc? If we manage to reach FI before retirement age then we will either retire early or spend more. This way we enjoy life more and put the money back into the economy.
@@TheFirstRealChewy my children are on Crystal Meth. I am not leaving them millions of dollars. There are many worthy charities that could use the money. I do plan to spend more every year. I can’t out spend the money coming in because I am frugal.
Your net worth really snowballs after 100k. I just crossed $100k net worth in December 2023 after 4-5 years of investing and I’m almost at $130k 8 months later.
What do you mean when you say don’t include the equity of your home? Do you put the purchase price of your home on the asset side and remaining mortgage on liabilities or put the remaining mortgage amount on both sides so it zeroes out? We have always used a conservative estimate for our home value but I’ve never thought to do net worth excluding our residence…
They mean they are just talking about money in the stock market, bonds, money market etc for the purposes of this discussion. Normally, when you calculate your net worth, you do include the value of your house minus any mortgage still owed on the house.
35, just got to 0. But with our current income, future raises and using your investment and saving strategy, i think we'll be able to get to $500k in 8 years. That's both 401k and liquid. And by my calculations, with only 5% apy, we should at $3 million by 60 and $5 million by 65. That will allow us to live off of the interest alone, and living really well. Just wish i had paid attention when i was younger. I could have put $100 away each month but chose not to because i thought it wouldn't make a difference. We could have been able, with our current trajectory, be able to retire so much earlier.
I don’t about other “younger” people. But retiring at 65 seems really old to me. I look at 65 year old and I think to myself, wow.. awesome I get to stop working but I can’t move my body… that’s why it’s even more important to retire much earlier than that and not spend early. Like weddings!!! I spent 6k on our wedding (140) people. And got 6k in money as gifts. There are many other traps as well. New cars. Etc. there zero chance I’ll work for 65 years to enjoy 10.
@@Netizen_101 that’s not a bad way to go. Part time gig sounds like a good work life balance option. My wife is planning to head that direction as well. Cheers! Whatever you do just enjoy it!
The fundamentals of getting to $100K is sound but those figures and timelines have got to change. $1mil in today's dollars is great but if it takes you 30+ years to get to $1mil, you are doing better than most but still won't be comfortable. Max out those investments when you are young.
It’s better to have extra time with little money to save rather than little time and extra money…it’s called compound interest…trust me, that is the most important thing young people need to know…don’t squander your 20’s-40’s like I did
The very best car is some high dollar performance luxury import. The second best car is paid off. That said, at some point it’s worth considering an upgrade in safety if you are there financially. The other drivers on the road introduce a lot of non-financial risk that could significantly impact your quality of life.
They aren't saying you should exclude equity in your house if you are just calculating your net worth. They are just marking having a significant amount saved/invested beyond home equity as a different category of wealth building.
When you say, “Net Worth,” do you mean household net worth or individual net worth. When I’m watching this, I’m not sure if I should take into consideration the combined net worth with my wife, or just look at my own. What did you have in mind? It impacts the bucket we’re in. Also, does “Liquid Net Worth” include retirement accounts?
Question, for people. My wife and I have 44k in my 401k 31k in my Roth 11k in her Roth 32k in her pension plan 17k in emergency fund No debts. Does this count as a 100k net worth or does it have to be in one account?
I'm a bit confused by how you talk about net worth outside of equity in home. Does that also not include the mortgage balance then? It seems like they are talking more about wealth invested vs. net worth. Also, since I've only been out of school for 2 years and have a high income, it's a bit weird to think my net worth is a 6 digit negative number, even though I'm more than half way to 100k in retirement accounts, due to student loans. Due to high income and a great match, I kind of feel like I'm out of order in the FOO because I'm investing so much while working through step 3 of the FOO (Some Student loans are as high as 9.2%APR). Also, knowing that it will take quite a while (~7-10 years) to get out of step 3, I've also put aside 3 months emergency fund (so skipped to step 4). What things might I want to think about in slightly breaking the FOO?
Net Worth is all Assets (home, cars, expensive possessions, and investments) minus all Liabilities (current balances of home mortgage, car loan, credit card debts, student loans, etc). Throughout this video, they are saying to ignore the net value of your home (so pull out home value and amount of mortgage). Most cars lose value as you pay them off (and any equity in a car goes towards the next car) so they aren't considering that here either. What's left is invested assets and your debts besides your home mortgage. Rental properties and their debts would be included. Getting the employer match is step two. High interest debt is step 3. The only out of order part is the 3 months of expenses. Optimally you would put that toward your student loans, but if you need that cash to sleep at night, don't do it. It sounds like you're doing great, keep it up.
This show is a simplified explanation. They took the house portion out because there are a lot of people that have maybe 200k in a retirement account but live in a house they bought in the 60s and 70s for cheap and now is worth $1mil. Their net worth is over a million but they can't access it since nearly all of it is tied up in the house.
The key for a high income is don’t inflate your lifestyle, until you get the 9% student loans paid off. That interest rate is high enough that you need to get it paid off promptly
When we say 25% of gross to retirement, do we include employer match in that math or do we ignore that? If we already have real estate, we are ignoring home equity in net worth right, not counting the mortgage as a debt and ignoring the home value?
@@circrna if I recall correctly, the video was saying to ignore your real estate when determining net worth but talked about mortgage when listing debts. So if you have 50k equity on a house but 200k mortgage left, no other assets except 10k cash, is your net worth 10k, 60k, - 140k or - 190k?
The rule of 72 was invented for a time with slide rulers and no hand-held super computers. Real financial mutants can do the real math, with logs and exponents
@DS_5298 natural log of 2 with a base of (1+(fixed interest rate%/100)). Thus a 3.5% interest rate takes 20.14 years instead of the imprecise 20.57 years you get using the boomer equation. Edit if you want to know how long to grow to 3x, replace the 2 with a 3.
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 saving my earnings to achieve this goal??
We are 32 and investments in retirement, brokerage, HSA are right about at 200K. Savings rate 25%. Our only non-mortgage debt is 18K federal student loan at 4.5%. At what age do they say that 4.5% is considered (high interest)?
Congrats. You are way ahead of just about everyone at your age. At your age debt with 7% or more interest is high interest. You subtract 1% for each new decade, so that 7% becomes 6% in your 40s and 5% in your 50s.
Can someone explain what is the parent match on a custodial Roth IRA? They have mentioned it on many episodes (albeit not today). Everything I read still says the contribution maximum is lesser of dollar limit ($7k this year) or the child's earned income. So how can I put matching dollars in?
It's not a formal match that is part of custodial Roth rules. What Brian does to inspire his kid to save, he (as I do) agree to match what the child puts in. It cannot exceed what the child makes, so if the child made $5,000 over the summer, the total cannot exceed $5k, so it could be $2,500 from kid and you match another $2,500. Also, you can't have kid put in $5k and you match $5k, as that exceeds the yearly Roth contribution amts.
@@Kornheiser10 Thank you. Sort of the same idea as what he describes for a first car, making the child pay half. So this still lets the kid enjoy half of their earned money, while maximizing the custodial Roth.
@BenFranklin1776 yes, and gives them incentive. Just don't want to go over what they made, so the kid that made $2k can't put in 4k with parent's help.
Bo and Brian, please respond to the Rob Berger video “How a 1% fee can cost you 1.7 million in retirement”. It’s focused on the cost of an advisor - And Brian/Bo company charges 1.25%. (Brian’s Troll here)
Bo and Brian seem like nice guys and they honestly don't push their brokerage firm. So, this is a topic I would avoid with them on YT and in-person conversations (even though I'll likely never meet them).
The $1.7MM is when you use an advisor your entire life. The money guys actually recommend you not needing an advisor, if you are competent, until you are older with more money than you can manage. This means you will be older, with less time, meaning you will not be spending anywhere near $1.7MM
My wife and I file married but separate because of my wife’s student loans. This makes us ineligible to contribute to a Roth IRA. Additionally, I have a Roth TSP working for the federal government. Can I still double dip and contribute to an another retirement savings vehicle like a traditional IRA? Thanks for considering my question
Im in a lot of credit debt. I wasn't till my job demoted me unexpectedly. But my new job doesn't pay enough to pay it off. I don't have a mortgage but I have an rv payment. I full time live in it. And my vehicle is a 2008 tundra. It works and it let's me travel. I remote work. I sold my house and started traveling. But I think its time to start getting Uber duber frugal.
I inherited some of my aunt's portfolio and cash savings After her passing. I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns.
Condolences on your aunt's passing. Remember, UA-cam is not a reliable source for personalized financial advice. Instead, consult a trusted fiduciary for expert guidance tailored to your specific situation.
Same, I just use UA-cam for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
1:48. Negative - 0k 😓
10:20 0 - 100k. 🐌
18:00. 100 - 500k. 📈
22:00. 500 - 1 million 🚀
Good looks my boy
Ty Moist!
MVP
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
@@ClaudiaSchreiber-b1p it’s never fast enough lol
In Oct 2016, I was at negative 130K (just graduated college with massive debt), just this Friday I finally surpassed a 300K net worth (excluding my home) at 33. I hope I can give my children the legacy I never had.
Congrats man!
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
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 like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.
@@ThomasChai05Could you possibly recommend a CFA you've consulted with?
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Pointing fingers at others is definitively the opposite of being accountable.
It was nice to see you break it down by net worth vs age this time. Some financial mutants have the net worth of a 50-60+ year old, so this helps just reminding us what we should be focusing on in what net worth bracket.
7 years is was how long it took me for $100k in my retirement. 25% every paycheck.
Just hit that this month, feels AWESOME.
Congrats🎉
Strong Work!!
They say this is the 1/3 mark to a million. Congrats!
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I'm definitely still in the negative, but since I started watching you guys, that number has been getting closer and closer to $0!
congrats!!!
Keep it up!
Comparison is the thief of joy, we’re all on our own journey. Keep at it!
I started negative (about -$60k) not long ago too and since watching them for 2 years, I'm up to around $50k net worth now. You'll be positive very soon.
@zenbrandon I have so many family members I'd be so extremely proud of if they could get out of debt, good work, man.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
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
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 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.
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
Thanks!
My returns are matching half my contributions now, exciting times!
I'm mid-divorce. My income is 3/5 after alimony and child support and my assets are below 1/2 after lawyer fees and being forced to pay to set-up my wife's new residence
Divorce sucks. I didn't want this. She's regretting her decisions which is another kick to the teeth
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I know I’ll make profits.
You are right. The best approach I feel is to diversify investments by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
''Sharon Ann Meny '' she's well qualified and established. I'd suggest you research her further on the internet
@@AllenJefferson-b1 Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Love this so much! More helpful than the by age since my 40s are my “messy middle” rather than my 30s. Thank you! ❤❤❤
Bo is literally "so excited about this" lmao every show
When he stops being excited, the world will end.
The prophecies speak of a time when Bo is not excited. Dark times indeed
He truly is a human golden retriever.
I had negative net worth in 2020. Now have a 275k net worth. Paid down on the mortgage, sold lots of collectibles and invested consistently in good stocks. 15% in index funds and over the next 25 years each year my index fund percentage will increase. It’s my plan and sticking to it.
You need to put time stamps in a 37 minute video
Or just have an attention span
@@MShack812no he’s right.
@@MShack812 it’s not about having a attention span. If I’m watching a educational video I want to know the different sections so I don’t rewatch something I already know a thousand times.
@@MShack812your comment = 👎
@@turbocfn39 Dude, this isn't team sports. Requesting a helpful feature from a channel isn't some slight against the creator.
Thanks for clarifying whether or not house equity is included in net worth. This is for most people a large part of their net worth, BUT it contributes NOTHING to free cash flow.
If it doesn't make money it is a liability.
The ultimate value of a home is the shelter it provides
This is why I chose to go small with my house and focus on saving / investing instead. I realised I would be much happier with good (passive) cash flow than I would be with what others consider to be a respectable size of house.
Houses should ultimately be included in net worth. They increase in value over time. But, in terms of retirement ability, the only way it helps is if you downsize but also, if it is paid off.
BEST CHANNEL ON UA-cam
I love that the money guys are a really good balance between strictly informational and hopeful content
I can’t wait to hit 1million… it wont happen for like 2- 3decades but I’m still excited
Whoopy do. Who cares!!!
Awesome. Stay the course. You can do it!
@@DavidHicks-m9yI think it's nice. You're being a jerk.
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I’m just here for ideas.
50% stock, 20% Bitcoin, 20% high yield CD/ bonds, 10% cash/ fully liquid stable asset
Working with a financial advis0r has been a game-changer for me. They offered invaluable insights and customized strategies that matched my risk tolerance and financial goals. With their support, I’ve experienced substantial growth in my investments and gained confidence in my financial future.
The issue is most people have the “I want to do it myself mentality” but not equipped enough for a crash, so they get burnt, no offence intended. Generally speaking, investment advisrs are ideal reps for investing, and at first-hand encounter since the covid-19 outbreak, my portfoli0 has yielded over 300%, summing up nearly 7-figure as of today.
This actually isn't the first time i am getting this suggestions. Mind if I ask you to recommend this particular advisor you using their service?
Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Lol I love the bowling point animation 😂 🎳
I am so excited guys for this one!
Ok, the “bowling point” graphic was hilarious
Networth bage!!!
😂
I got 60k now and I got no where to dump bro, everything is jacked up in the stock market.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Opting for an investment 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
This is very insightful. Hope you don't mind me asking you to recommend your advisor?
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 the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
10.5 years ago my mother died suddenly. My sister and I split her cremation costs on credit cards. I realized that if I passed suddenly my wife and son would be left with nothing. We had a negative 100+K net worth. I doubled down on paying off credit cards, personal loans, student loans and medical bills. We both doubled down on our career as we were mid 30's. Just hit 1 million net worth (including primary home / 750k without) last month. It is possible to move the needle and still go on vacations, and help others. We are now mid forties and in the sand which generation taking care of my son/granddaughter and mother-in-law in part financially.
I'm glad I followed the 20/3/8 rule. Definitely works
Recently hit 100k in investments! 2 years at my company and 2 years out of college. I graduated a couple years late but feels good to finally be ahead off the curve
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or strategy to keep my retirement contributions on track to my $5m goal.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/advisor.
Great advice here. Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I currently have 75% SCHD and 25% ROTH IRA. Brokerage account is 40% VOO, 35% SCHD, 25% XLK. Combine balance ~$3.3m Less than 3 years until retirement.... I have about 400k in cash. My portfolio has yielded far more than I expected for my retirement. Kudos to my advisor.
@@AddilynTuffin Well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.
I've stuck with ‘’Jennifer Leigh Hickman ” for more than 9 years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thanks for the incredibly helpful content ! This pretty much sums it all up
Great video
Thank you for helping us focus on the important stuff! Love the condo
I wish I could use chat when this is live but I’m a trucker I work 7 days a week 😢
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
I would avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery
Doesn't really matter your networth, diversification is key to building wealth
Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.
And let's not forget how the global economy plays into all of this. Economic instability, inflation, and market fluctuations can further complicate matters and add to people's financial worries.
Indeed, Most people miss it but the secret to living and retiring comfortably is finding a way to make returns while your money works for you. My Dad, as i remember started saving for retirement quite late but I know he was making more than 10k returns from his investments monthly and it was completely passive.
This is so inspiring
It's good you teach and stress the power of utilizing compound interest: "$1 now is 88 dollars (starting at 20 and retire at 65 with a 10% annualized return rate). Looking at the opportunity cost of time, delaying 10 years to invest that $1 to get the same $88 would now require approximately $2.70.
Not really... After accounting for inflation, taxes, permanent investment losses along the way, and loss of time to use the capital, the present value of the delusional $88 that has about $23 of taxes that must to be paid is about $1 in present value.
great show!
I really like this "livable" net worth. I would still live in my house, so it doesn't get included. Might go more conservative and predict any taxes that I'd need to pay too. Would still include the mortgage. That would be a really interesting number to get to zero.
This was so so so helpful.
Loved the episode
What Bo said was huge, just because you are "rich" no need to do anything else
Chapters sure would have been nice...
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Getting to 1 million, liquid, is wild especially if you are able to get to a million, you probably put a good chunk into a 401k/Roth already. Having money left over to put into another account early in life to build it to another million is very hard.
Just sold the 2000 Maxima I paid $1,500 for 7 years ago for $2,000. Magic of the manual transmission.💪😎💪
I just roughly calculated my net worth minus the equity in my house... I am just over 0 at $2kish! woo!
Happy to see the team took me up on my suggestion about the “boiling point” Wii bowling style graphic 🤣
it’s hard to figure out what actually works.
Same here. It can get overwhelming, especially when every article claims to have the “best” method. I’ve heard that what works can really depend on your net worth and financial goals.
Absolutely. I think that’s key-tailoring strategies to where you are financially. For example, when I was just starting out, focusing on paying off debt and saving aggressively made a huge difference. Now, I’m more focused on investing and tax-efficient strategies to grow what I’ve saved.
That makes sense. My husband and I are in a similar boat. We’ve paid off our mortgage, so now we’re looking into more advanced strategies like real estate investments and maximizing retirement accounts. But we’re still figuring out the best way to go about it.
Real estate is a great option, Mia. We’ve done well by buying and holding properties, but it’s definitely not for everyone. It takes time, knowledge, and the right market conditions. I’ve also been diversifying more into index funds and ETFs lately to balance things out.
I’ve been focusing more on building passive income streams
If you are excluding the equity in the home, are you also excluding the mortgage and low interest home improvement loans (like solar)?
50 percent savings rate should be a priority at any stage, to double the time it takes to get to the next stage. They also assume 8 percent exponential growth, not accounting for inflation, shrinkflation, and greedflation of fiat currency, when in reality eats away an average of 8 percent a year. Also to note, there are a lot of sales duo bots replying to every comment that drop a "name" to search for consulting.
I liked the Beyond Basics article on paying off high interest debt and the types of debt that fall in that category. I was curious why 401k loans and HELOCs aren't discussed. Where do those debts fall in priority order of the FOO?
Finally at a stage where I’m making a yearly salary on some days. All of the sacrifices are finally paying off.
Good fundamentals to basic wealth building and most can’t stay disciplined enough and take on too much risk. To build significant wealth does require different strategies and more asset and business ownership outside basic markets.
"Strutting around like George Jefferson just because you happened to buy a house at the right time" - Are we sure Jefferson is the George we're shading here?
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 Miller.
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.
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 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
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
That’s not where u want to be, index funds you don’t care about dividends, you will be far behind
If you exclude home equity, then would you exclude the mortgage from liabilities?
That is my question as well.
Saving 5% per month. YOLO!
I am starting to spend a little but my savings rate is at 46%. I am going for a 69% savings rate by the end of the year. I want to increase my net worth in every year of my retirement.
I think you should experience a different kind of joy. Take a day off work, drive to a food bank and ask what they need, go buy everything they need by spending $500-$2000, then hand deliver everything back to the food bank.
Why???? In retirement you are de-accumulating $, ideally, IMHO, you should not be growing your net worth in retirement. You can't take it with you.
Why? Are you trying to leave money for your kids, etc? If we manage to reach FI before retirement age then we will either retire early or spend more. This way we enjoy life more and put the money back into the economy.
@@TheFirstRealChewy my children are on Crystal Meth. I am not leaving them millions of dollars. There are many worthy charities that could use the money. I do plan to spend more every year. I can’t out spend the money coming in because I am frugal.
Bo, how would I connect to discuss how to get on your show to ask a net worth question?
Please do a video from 1M to 1B.
What about those that want to work until 70 and delay SS until then? Great info!
Maybe it will come up, but is mortgage being considered debt here or not?
Your net worth really snowballs after 100k.
I just crossed $100k net worth in December 2023 after 4-5 years of investing and I’m almost at $130k 8 months later.
Keep it up! I just joined the same boat
What do you mean when you say don’t include the equity of your home? Do you put the purchase price of your home on the asset side and remaining mortgage on liabilities or put the remaining mortgage amount on both sides so it zeroes out? We have always used a conservative estimate for our home value but I’ve never thought to do net worth excluding our residence…
They mean they are just talking about money in the stock market, bonds, money market etc for the purposes of this discussion. Normally, when you calculate your net worth, you do include the value of your house minus any mortgage still owed on the house.
Are these numbers referring to an individual? Or would it include mine and my wife's combined net worth?
Is she your wife or roommate?
35, just got to 0. But with our current income, future raises and using your investment and saving strategy, i think we'll be able to get to $500k in 8 years. That's both 401k and liquid. And by my calculations, with only 5% apy, we should at $3 million by 60 and $5 million by 65. That will allow us to live off of the interest alone, and living really well. Just wish i had paid attention when i was younger. I could have put $100 away each month but chose not to because i thought it wouldn't make a difference. We could have been able, with our current trajectory, be able to retire so much earlier.
@18:00 net worth without housing discussion
Are those % (e.g. 21% 500k+) per an individual or per household?
i have the same question
I don’t about other “younger” people. But retiring at 65 seems really old to me. I look at 65 year old and I think to myself, wow.. awesome I get to stop working but I can’t move my body… that’s why it’s even more important to retire much earlier than that and not spend early. Like weddings!!! I spent 6k on our wedding (140) people. And got 6k in money as gifts. There are many other traps as well. New cars. Etc. there zero chance I’ll work for 65 years to enjoy 10.
@@Netizen_101 that’s not a bad way to go. Part time gig sounds like a good work life balance option. My wife is planning to head that direction as well. Cheers! Whatever you do just enjoy it!
If you can’t move your body at 65, you haven’t exercised enough
@@Yugiboii that’s not the point. I’m sure at 45 people more better than 65..
I just surpassed 1 zillion. I started investing in my past life.
you have to start a savings account.
So if excluding your home, are you also excluding your mortgage?
The fundamentals of getting to $100K is sound but those figures and timelines have got to change. $1mil in today's dollars is great but if it takes you 30+ years to get to $1mil, you are doing better than most but still won't be comfortable. Max out those investments when you are young.
It is easy to say you have a lot of time when you have extra money, especially out of college
It’s better to have extra time with little money to save rather than little time and extra money…it’s called compound interest…trust me, that is the most important thing young people need to know…don’t squander your 20’s-40’s like I did
Nothing has helped me build wealth quicker than a paid off 2015 Chevy Sonic (old faithful)
The very best car is some high dollar performance luxury import.
The second best car is paid off.
That said, at some point it’s worth considering an upgrade in safety if you are there financially. The other drivers on the road introduce a lot of non-financial risk that could significantly impact your quality of life.
I'm in the same boat. I have a paid off 2017 Kia Optima. No car payment is a tremendous help.
@@Crijoe
Yes sir! 💪🏾
I missed the “bowling point” graphic. 😢 Anyone know where it is?
around the 11 minute mark
So we don't count our house but do we count our mortgage? I always count my house at cost for na statement.
They aren't saying you should exclude equity in your house if you are just calculating your net worth. They are just marking having a significant amount saved/invested beyond home equity as a different category of wealth building.
When you say, “Net Worth,” do you mean household net worth or individual net worth. When I’m watching this, I’m not sure if I should take into consideration the combined net worth with my wife, or just look at my own. What did you have in mind? It impacts the bucket we’re in.
Also, does “Liquid Net Worth” include retirement accounts?
How to find a high interest saving account?
Just research online. Sofi is popular but I use Raisin
Question, for people. My wife and I have 44k in my 401k
31k in my Roth
11k in her Roth
32k in her pension plan
17k in emergency fund
No debts. Does this count as a 100k net worth or does it have to be in one account?
I'm a bit confused by how you talk about net worth outside of equity in home. Does that also not include the mortgage balance then? It seems like they are talking more about wealth invested vs. net worth.
Also, since I've only been out of school for 2 years and have a high income, it's a bit weird to think my net worth is a 6 digit negative number, even though I'm more than half way to 100k in retirement accounts, due to student loans. Due to high income and a great match, I kind of feel like I'm out of order in the FOO because I'm investing so much while working through step 3 of the FOO (Some Student loans are as high as 9.2%APR). Also, knowing that it will take quite a while (~7-10 years) to get out of step 3, I've also put aside 3 months emergency fund (so skipped to step 4). What things might I want to think about in slightly breaking the FOO?
Net Worth is all Assets (home, cars, expensive possessions, and investments) minus all Liabilities (current balances of home mortgage, car loan, credit card debts, student loans, etc). Throughout this video, they are saying to ignore the net value of your home (so pull out home value and amount of mortgage). Most cars lose value as you pay them off (and any equity in a car goes towards the next car) so they aren't considering that here either. What's left is invested assets and your debts besides your home mortgage. Rental properties and their debts would be included.
Getting the employer match is step two. High interest debt is step 3. The only out of order part is the 3 months of expenses. Optimally you would put that toward your student loans, but if you need that cash to sleep at night, don't do it. It sounds like you're doing great, keep it up.
This show is a simplified explanation. They took the house portion out because there are a lot of people that have maybe 200k in a retirement account but live in a house they bought in the 60s and 70s for cheap and now is worth $1mil. Their net worth is over a million but they can't access it since nearly all of it is tied up in the house.
The key for a high income is don’t inflate your lifestyle, until you get the 9% student loans paid off. That interest rate is high enough that you need to get it paid off promptly
@@heidiortiz9352 Agree. Doing my best! A bit tough since I just got married and moved cities. But every raise and bonus since then has gone to debt.
We need 1M+ liquid what to do.
Could be people tend to forget who they are and where they came from
When we say 25% of gross to retirement, do we include employer match in that math or do we ignore that?
If we already have real estate, we are ignoring home equity in net worth right, not counting the mortgage as a debt and ignoring the home value?
You should count your debt. It is debt. Subtract it from your net worth. My opinion. I am not expert.
@@circrna if I recall correctly, the video was saying to ignore your real estate when determining net worth but talked about mortgage when listing debts. So if you have 50k equity on a house but 200k mortgage left, no other assets except 10k cash, is your net worth 10k, 60k, - 140k or - 190k?
Divide 72 by rate of return that’s how u figure out when it 2x
The rule of 72 was invented for a time with slide rulers and no hand-held super computers. Real financial mutants can do the real math, with logs and exponents
And this is how nerds flex 😊
@DS_5298 natural log of 2 with a base of (1+(fixed interest rate%/100)). Thus a 3.5% interest rate takes 20.14 years instead of the imprecise 20.57 years you get using the boomer equation. Edit if you want to know how long to grow to 3x, replace the 2 with a 3.
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 saving my earnings to achieve this goal??
We are 32 and investments in retirement, brokerage, HSA are right about at 200K. Savings rate 25%. Our only non-mortgage debt is 18K federal student loan at 4.5%. At what age do they say that 4.5% is considered (high interest)?
Congrats. You are way ahead of just about everyone at your age. At your age debt with 7% or more interest is high interest. You subtract 1% for each new decade, so that 7% becomes 6% in your 40s and 5% in your 50s.
My car is almost 16 years old.
Was 23 when it died.
Can someone explain what is the parent match on a custodial Roth IRA? They have mentioned it on many episodes (albeit not today). Everything I read still says the contribution maximum is lesser of dollar limit ($7k this year) or the child's earned income. So how can I put matching dollars in?
It's not a formal match that is part of custodial Roth rules. What Brian does to inspire his kid to save, he (as I do) agree to match what the child puts in. It cannot exceed what the child makes, so if the child made $5,000 over the summer, the total cannot exceed $5k, so it could be $2,500 from kid and you match another $2,500. Also, you can't have kid put in $5k and you match $5k, as that exceeds the yearly Roth contribution amts.
@@Kornheiser10 Thank you. Sort of the same idea as what he describes for a first car, making the child pay half. So this still lets the kid enjoy half of their earned money, while maximizing the custodial Roth.
@BenFranklin1776 yes, and gives them incentive. Just don't want to go over what they made, so the kid that made $2k can't put in 4k with parent's help.
Bo and Brian, please respond to the Rob Berger video “How a 1% fee can cost you 1.7 million in retirement”. It’s focused on the cost of an advisor - And Brian/Bo company charges 1.25%.
(Brian’s Troll here)
Bo and Brian seem like nice guys and they honestly don't push their brokerage firm. So, this is a topic I would avoid with them on YT and in-person conversations (even though I'll likely never meet them).
I have to imagine they would argue that they provide more than that in value. Whether or not that is true, who knows.
They have explained before that rate goes down as ur AUM hit break points
The $1.7MM is when you use an advisor your entire life. The money guys actually recommend you not needing an advisor, if you are competent, until you are older with more money than you can manage. This means you will be older, with less time, meaning you will not be spending anywhere near $1.7MM
They also did a recent video on this, something along the lines of “do you need an advisor.” They outline their services and their rates.
How do you make 8 percent?
What do you mean? The S&P 500 has averaged 11% over the last 20 years. So if you take inflation into account you get around 8%.
I sorta hate you guys bc Bo has a cyber truck model there. What’s that about?
My wife and I file married but separate because of my wife’s student loans. This makes us ineligible to contribute to a Roth IRA. Additionally, I have a Roth TSP working for the federal government. Can I still double dip and contribute to an another retirement savings vehicle like a traditional IRA? Thanks for considering my question
No
Should I pay off my student loan before maxing Roth IRA? My highest loan is 4.5%
Not unless you are over 50, otherwise that's step 9!
Im in a lot of credit debt. I wasn't till my job demoted me unexpectedly.
But my new job doesn't pay enough to pay it off. I don't have a mortgage but I have an rv payment. I full time live in it.
And my vehicle is a 2008 tundra. It works and it let's me travel. I remote work. I sold my house and started traveling. But I think its time to start getting Uber duber frugal.
I inherited some of my aunt's portfolio and cash savings After her passing. I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns.
Lucky you, I’d buy a lot of tech stocks and Dividend portfolios with that.
Condolences on your aunt's passing. Remember, UA-cam is not a reliable source for personalized financial advice. Instead, consult a trusted fiduciary for expert guidance tailored to your specific situation.
Same, I just use UA-cam for research purposes, I run all my major investment through an investment adviser, the market is just too unstable to handle things on your own.
How does one reach out to a financial advisor? my portfolio has been struggling
in the latter half of last yr,
1M at 7% is 70k per year and by that time you should have you house paid.
Still waiting for the episode where Bo isn't so excited about this one.