Yes, hustle in your 20s to enjoy the rest. Forget waiting until your retired to be able to travel, drive the car you want and enjoy life. I spent many weekends learning, testing and investing while my friends party. Now they work a 9-5 and I make my living on the internet, so it was worth it.
I had been stuck making $10,000/yr for the past 2 years. Now I'm making $48,000/yr and set to earn more. I actually have enough disposable income to invest. My motto now is, sacrifice you 20s to rock your 30s and beyond. I am staring late though. I will 24 in September but better late than never.
If you are in your 20's, you better be thinking about your financial future now. I waited until my mid 40's and now playing catch up. I wish I had listened to someone like you when I was young.
i seriously wish i started saving, working hard and investing earlier in my 20s. I'm 27 now and i started doing all this 2 years ago and i literally paid off all my debt and now saving and investing now. If only i started doing all this when i was 20 or 21...
Nate, your videos are always excellent. Your ability to take complex issues and present them in clear, simple and easily understood language is both a talent and a well honed skill. All of this and your desire and willingness to share your gifts makes you a pretty special person. Now, where and how are you acquiring all of this knowledge and wisdom at so young an age! And lastly, not in the least, much gratitude!
Wow, thank you, John! I spent the past 10 years reading hundreds of books instead of wasting time. I am hoping all of those books pay off one day! It's comments like yours that convince me to continue to create videos! I greatly appreciate your support! - Nate
@@JoelZapata1 thats literally they only thing they taught me that involves money. And honestly thats nothing compared to what we need to know. Also we dont even use compound interest in our day-to-day life
Definitely true that the average person will try to follow the first route since it's less risky & more laid out as for those of us who want to go the other route. Idk about some of you but I don't want to be 60 years old barely enjoying my money so time is everything at the moment 💪🏼
This is great general advice, Nick. But I like what you allude to there at the end: there is an even better way to build wealth if you're willing to put in the time and effort! For those who are willing, that's where massive wealth is really built. If you are extremely intentional about the way you invest your money (however that may be - stocks, real estate, business, whatever...) and your education therein, you can be WAY more successful than that "millionaire path" you outline in the beginning! Best of luck to all those trying to make it on either path! Take care!
Exactly! Index funds are great, but if you are willing to put in the time and effort required, you could potentially grow your wealth at a faster rate through intentional investing!
turned 30, spent my 20's in school. Saved first 10k in past few months, don't short change yourself, have some fun in your 20's but don't be stupid about it either.
Your videos are really informative & entertaining! Usually when my guy friends start talking finance I get so bored that I space out 😀 But I’ve been learning a lot from your videos. I’m going to shock my friends when I start contributing to the conversations. Thank you! 😎🦋
Nate O'Brien , thank you 😊. I should have added that I plan to put all the information I’m learning from your channel to use in my life & future planning, not just use it to shock my mates. 🙃 I’m going to keep checking out your older videos & look forward to what you share in the future. Cheers 🦋
Great video Nate! Loved it (and the shirt). I'm following the millionaire route pretty well :) Definitely make one in your 30's 40's and 50s+ retirement age.
That's a great concept, start them young! If you wait to start until you "have enough money" and you're 40, when are you actually going to start enjoying life? Right after the best years of it are over? I don't think so. So, get out there and start putting that money to good use because that is the thing that one day will help you live what you love!
Hey Nate, love your videos. I was just wondering where you gained all of this knowledge in investing and monetary trends/concepts. I love all your videos but I figured I’d just ask what makes you a trustworthy source? (Not that I don’t trust what you say, I’m just curious).
Hi David, I have read well over 100 business and investing books in the past few years. I am also in university studying Finance at the moment. To be honest, 95% of the knowledge I have acquired came from the books rather than school
What books do you recommend for people who dont know how to invest?? I want to kbow how to invest in the stock market and robinhood im tired of the life im living much help would be appreciated!
Definitely pick up a copy of The Intelligent Investor, I left a link in the description of this video. I would also check out "A Random Walk Down Wall Street," very interesting concept
I asked my mom how much money does she needs in order to consider herself as a retiree. Basically she wanted a retirement money and renovation of our house roof. If things continues I think I can retire her this year. She never asked for money though (I just asked her) she just wanted a specific home appliance and grandkids lol.
Aptix im 18 and whenever I was 17 I was doing alot of research, because theres not a whole lot you can do until you turn 18. I recommend whenever you turn 18 1. Open 2 credit cards charge small amounts and pay off. That will start your credit score for lower interest rates in the future 2. Open Roth IRA 3. Open High interest savings account like Ally bank 4. Open a general investment portfolio 5. Make $$$$ to contribute to your investments 6. Dont get into high interest debt, Alot of kids once they turn 18 get themselves into debt with paying off nice cars like mustangs and Mercedes with their minimum wage job. Just be smarter and be rich instead of trying to look rich Good Luck!
Hi Nate, did your parents inspire you to hustle and be thrifty? Or did you just break the mold in your family by being the way you are? Good for you my young friend!
I think tho, opening a business may be (depending) a good investment too. Lets compare: If we have 100k (lets assume we do not reinvest it because is more complicated to predict), at 2% is 2kannual. even at 6% return anual rate, is just 6k annual...500 dollars a month. Im sure you can make a business with 100k that can give you more than 500 a month. Even buying a 500k house and renting it for 1k (neither of what i recommend. theres also property tax obviously) is still a 2.4% return. But perhaps my thinking is flawed tho. What do you think, Nate? ps: obviously, whatever you do, try to take into mind the usual inflation of the country...always try to win inflation at least
Just to clarify, let's say I open a roth IRA and put in 5,500 in Y1 + Average market % = Total Y2 I get another 5,500 on top of the total? Also, when is the cut off for my "1 year window"? Jan to Dec or 1 year from when I open the account?
You may contribute $5,500 a year toward a Roth IRA. You have from Jan 1 2018 to April 15 2019 to contribute to your 2018 IRA. So it's 1 calendar year plus the first 4 months of the next year.
Do you have any opinion on "Stash"'s Retirement accounts? I actually just set mine up (It is a Roth IRA) and invested $100 from my college scholarship refund in it. It is free if you're under 25 and I am only 20 so I figured it would be a good idea. It seems to be going well so far. I invested a few weeks ago in a variety of companies (Amazon, JP Morgan, Alphabet, and a few others), and am I already seeing my returns come in. However, they do not seem to have a very large selection of companies. And, once I turn 25, it's $2 a month or 0.25% a year once over $5,000 has been invested. I know you don't know everything, but would I be able to transfer it elsewhere without penalties if I found a better system? Do you know of something else I should use instead? I do only have a little over $100 invested so far, so I could switch to something else now and build there if it was truly better. I have just been reading reviews and it seems very mixed. Thank you for the great videos, and I hope you can get around to reading this comment!
Hi, In most cases the broker in which you transfer funds to will cover any fees charged by Stash. Since Stash is free for you at the moment, I would stick with it! In my opinion, Stash has one of the most user-friendly retirement accounts available! Good luck!
@@NateOBrien Thank for replying. Yeah i kinda figured but wanted someone who is exp opinion on it considering most ppl i talk to have no clue what is investing lol
Watch out when giving your money over to other to manage. Many will get old and discover that the managers did not have their best interest in mind. No one will look out for you like you will. Learn what you are getting into when investing.
In Argentina r taxes if u r retired and u earn more than 1,380.97dlls per month. Also here is a lot of money but imagine working all your life to have a nice retirement and the state took a lot of the money u earn even when retired. All we pay taxes but come on, on retirement? Don't come to Argentina if u want to earn money. Also Coke is in crysis right now
Dude A Million Dollars In 20-50 Years Wont Be Shit, It Will Be Like A Thousdands… This Is Really For The 70's- 90's People. I Mean You Can Still Do This But Don't Depend On A Retirement Plan, Trust Me Things Are Changing
@@NateOBrien I come from a family that didn't have a lot of money. Three of us did the right thing and started value money as it is meant to be. Two have degrees and one started investing. None of these three have a debt outside a mortgage. I want to see if I can get my two kids ahead with no mortgage.
Congrats! I have been doing a ton of research on real estate as I will be in the market for my first investment property some time in the coming months
'Living on the sidewalk' Dude i like your videos but you need some perspective. Mental illness, drug addiction, indentured family debt and inhibited growth possibilities due to explicit poverty lead to that kind abject kind of homelessness.. Its a bit of specious reasoning to use it in a conflated bitta rhetoric re those who worked jobs without financial support systems. But i take your point, just be careful not to isolate your audience. For.instance, saving for 'retirement' sometimes falls apart when you get a chronic illness and your savings disapear into the void of the medical system n pharma n hence never have enough money to make self managed super and the likes a priority. Instead the nest egg becomes capital for staying healthy enough to work parttime or casual whereever you can and then tryna stay above.water with rent and bills. Thats my story n its pervasive for anyone who wasnt born middle class. Keep doing ya thing!
Hey! Thanks for checking out the video! Don't forget to subscribe for more videos like this one!
How you so damn young and know all this stuff
Hundreds of books over the past 10 years
Hi Nate, good job with the videos. Question, what's your take on Dave Ramsey?
I'm 15 and just got a job. I begged my parents to help me open a Roth IRA and they finally did it. So happy that I can start saving for my feature.
Henry, that is truly incredible! Your parents must be so proud of you.
I wish I started that early, I didn't seriously start saving until 22 years old. =(
Hey 22 isnt that bad. Lots of people dont start that early haha.@@silverhawk7324
@@asmemeas For real! I'm 33 and really just got into investing. If I would have started at 15 I can't imagine where I would be now!
@@mattfischertt
I'm 35, and a bit behind. But now I have all the motivation to get my crap together.
Yes, hustle in your 20s to enjoy the rest. Forget waiting until your retired to be able to travel, drive the car you want and enjoy life. I spent many weekends learning, testing and investing while my friends party. Now they work a 9-5 and I make my living on the internet, so it was worth it.
The 4 Hour Work-Week is my bible
If you are not building wealth in your 20s, you're doing something wrong. Great video Nate!
Sounds like 95% of the population. One of the reasons why I started this channel was to convince people to start investing at a young age!
I had been stuck making $10,000/yr for the past 2 years. Now I'm making $48,000/yr and set to earn more. I actually have enough disposable income to invest. My motto now is, sacrifice you 20s to rock your 30s and beyond.
I am staring late though. I will 24 in September but better late than never.
If you are in your 20's, you better be thinking about your financial future now. I waited until my mid 40's and now playing catch up. I wish I had listened to someone like you when I was young.
what kind of advise u want to give a 20s man??
Lar I’m 18 yrs old. So am I good? Although I don’t have a job yet?
i seriously wish i started saving, working hard and investing earlier in my 20s. I'm 27 now and i started doing all this 2 years ago and i literally paid off all my debt and now saving and investing now. If only i started doing all this when i was 20 or 21...
Nate, your videos are always excellent. Your ability to take complex issues and present them in clear, simple and easily understood language is both a talent and a well honed skill. All of this and your desire and willingness to share your gifts makes you a pretty special person.
Now, where and how are you acquiring all of this knowledge and wisdom at so young an age!
And lastly, not in the least, much gratitude!
Wow, thank you, John! I spent the past 10 years reading hundreds of books instead of wasting time. I am hoping all of those books pay off one day! It's comments like yours that convince me to continue to create videos! I greatly appreciate your support! - Nate
😮😮
why do they not teach us this stuff in schools? bs man
they do when you learned compound interest in middle school
@@JoelZapata1 thats literally they only thing they taught me that involves money. And honestly thats nothing compared to what we need to know. Also we dont even use compound interest in our day-to-day life
Yea the importance of this and how it can change the course of your life is pretty much ignored when it comes up in any subject.
Because your teachers were probably poor. I say this because most people are poor.
Keep the poor poor, that’s why they made schools.
Investing smart in your twenties can allow compound interest carry you to retirement latter! Sooner you start the better off you will be!
Definitely true that the average person will try to follow the first route since it's less risky & more laid out as for those of us who want to go the other route. Idk about some of you but I don't want to be 60 years old barely enjoying my money so time is everything at the moment 💪🏼
Time is by far our most valuable asset
What are your retirement goals?
Retirement goals are to have as large of a cash flow every month as I do working my current career/full time job.
Nate O'Brien retire by the age of 45 and have $500K in my 401K
I do agree! Planning early in life worth a lot.
Nice video.
Thanks for watching as always, Ali!
Handsome and at the same time, very inspiring and motivating. Good Job 😊
💯🔥
Thanks for the video. I'm 22 this helped a lot
Thank you!
This is great general advice, Nick. But I like what you allude to there at the end: there is an even better way to build wealth if you're willing to put in the time and effort!
For those who are willing, that's where massive wealth is really built. If you are extremely intentional about the way you invest your money (however that may be - stocks, real estate, business, whatever...) and your education therein, you can be WAY more successful than that "millionaire path" you outline in the beginning!
Best of luck to all those trying to make it on either path! Take care!
Exactly! Index funds are great, but if you are willing to put in the time and effort required, you could potentially grow your wealth at a faster rate through intentional investing!
I like the house analogy, Nate. Tax sheltered definitely the way to go! :)
Video on tax hacks is dropping next week!
Your videos are immensely valuable. Thank you!
💯💎
💜♾️
Love, I just finished working now. Its 3 am and I still don't feel sleepy yet
Nate, great topics. So congratulations. Also, you looks great on the blue color shirt. Cute.
Thank you for sharing! I am going try to used these advise.
Thanks Dr Knuckles
Another nice video. Thanks Nate!
Thank you Amarjit!
I’m 18 with almost $2K in cds in the bank
turned 30, spent my 20's in school. Saved first 10k in past few months, don't short change yourself, have some fun in your 20's but don't be stupid about it either.
jordan took kobe under is wing because he admired his work ethic. and he became a legend, R.I.P. KOBE
Nice video Nate👍🏽
Thank you sir!
Very good video Nate!
Thanks for always checking out my videos!!
Your videos are really informative & entertaining! Usually when my guy friends start talking finance I get so bored that I space out 😀 But I’ve been learning a lot from your videos. I’m going to shock my friends when I start contributing to the conversations. Thank you! 😎🦋
Thank you! Good luck ✌
Nate O'Brien , thank you 😊. I should have added that I plan to put all the information I’m learning from your channel to use in my life & future planning, not just use it to shock my mates. 🙃 I’m going to keep checking out your older videos & look forward to what you share in the future. Cheers 🦋
Let me know if you have any questions
I keep wanting to discover a hidden "Magic Eye" image in your shirt...!!!
Finding new shirts for videos is a struggle!
Haha, yeah! I know what you mean! Just giving you a hard time!
Great video Nate! Loved it (and the shirt). I'm following the millionaire route pretty well :) Definitely make one in your 30's 40's and 50s+ retirement age.
Thank you, Stephane! Keep investing!
That's a great concept, start them young! If you wait to start until you "have enough money" and you're 40, when are you actually going to start enjoying life? Right after the best years of it are over? I don't think so. So, get out there and start putting that money to good use because that is the thing that one day will help you live what you love!
"Compound interest = 8th wonder of the world" - Albert Einstein
I'll be back to finish watching this!! Gotta study for my board exams haha.
Hey Nate, love your videos. I was just wondering where you gained all of this knowledge in investing and monetary trends/concepts. I love all your videos but I figured I’d just ask what makes you a trustworthy source? (Not that I don’t trust what you say, I’m just curious).
Hi David, I have read well over 100 business and investing books in the past few years. I am also in university studying Finance at the moment. To be honest, 95% of the knowledge I have acquired came from the books rather than school
Thanks for the response! What would you say are your top 5 books on either business or investing?
David Springstead Think and Grow Rich is the best book for mindset. market wizards is great for trading. And for investing is the Intelligent Investor
You make the best videos sir. Keep up the good work
Thank you! Let me know if you have any questions!
Very informative! I plan on starting businesses and crushing it, then using that money to max out on TFSA (I’m Canadian) every year!
What books do you recommend for people who dont know how to invest?? I want to kbow how to invest in the stock market and robinhood im tired of the life im living much help would be appreciated!
Definitely pick up a copy of The Intelligent Investor, I left a link in the description of this video. I would also check out "A Random Walk Down Wall Street," very interesting concept
@@NateOBrien thank you! Appreciate
Hey man loving your videos!
Thank you! Let me know if you have any questions!
What are your thoughts on block chain stock?
I agree with your analysis, but if the market tanks there goes all of your investments
facts
Market has came back every time
Actually when the market tanks there arrives an opportunity to invest in stocks that have plummeted in price.
I asked my mom how much money does she needs in order to consider herself as a retiree. Basically she wanted a retirement money and renovation of our house roof. If things continues I think I can retire her this year. She never asked for money though (I just asked her) she just wanted a specific home appliance and grandkids lol.
How do taxes and retirement plan works in third rate countries?
I'm living in Philippines btw
And I'm glad to watch this at such a young age
I have my own timeline.💙
I'm 17 rn, what are some of the best things I should do?
Aptix im 18 and whenever I was 17 I was doing alot of research, because theres not a whole lot you can do until you turn 18. I recommend whenever you turn 18
1. Open 2 credit cards charge small amounts and pay off. That will start your credit score for lower interest rates in the future
2. Open Roth IRA
3. Open High interest savings account like Ally bank
4. Open a general investment portfolio
5. Make $$$$ to contribute to your investments
6. Dont get into high interest debt, Alot of kids once they turn 18 get themselves into debt with paying off nice cars like mustangs and Mercedes with their minimum wage job. Just be smarter and be rich instead of trying to look rich
Good Luck!
@@ForeSquareTim Thank you so much! I live in Germany but most of these should work here aswell
Aptix ay bro I just turned 18. Invest in bank cds. We’re dumb young and broke kids so invest in your future . Cds are a great way to start
Great video mate.
Thank you Akime!
Good video, solid points. Nice Nate
Thank you!
Hi Nate, did your parents inspire you to hustle and be thrifty? Or did you just break the mold in your family by being the way you are? Good for you my young friend!
Your videos are absolutely amazing. Thank you so much for the great content and great video quality. Just subscribed. A ttttttttttttt 😀
At my job I have a 401k and a Roth 401k and I also started a roth IRA on E-Trade. is this too much? My goal is to retire with 1.5-2 million dollars
Wait, what? Servers don't pay into social security?
They are required to but sometimes they do not always report all of their tips
@@NateOBrien for sure, that's what I thought you meant but wanted to double check
This was great! It's never too early to start investing with an end goal of becoming a millionaire!
Thanks Nick!
I think tho, opening a business may be (depending) a good investment too. Lets compare:
If we have 100k (lets assume we do not reinvest it because is more complicated to predict), at 2% is 2kannual. even at 6% return anual rate, is just 6k annual...500 dollars a month. Im sure you can make a business with 100k that can give you more than 500 a month. Even buying a 500k house and renting it for 1k (neither of what i recommend. theres also property tax obviously) is still a 2.4% return.
But perhaps my thinking is flawed tho. What do you think, Nate?
ps: obviously, whatever you do, try to take into mind the usual inflation of the country...always try to win inflation at least
Another one
great info
Thank you! Hope all is well!
Just to clarify, let's say I open a roth IRA and put in 5,500 in Y1 + Average market % = Total
Y2 I get another 5,500 on top of the total?
Also, when is the cut off for my "1 year window"? Jan to Dec or 1 year from when I open the account?
You may contribute $5,500 a year toward a Roth IRA. You have from Jan 1 2018 to April 15 2019 to contribute to your 2018 IRA. So it's 1 calendar year plus the first 4 months of the next year.
Nate, did you goto college or university? And if you did, do you find that you've actually used the degree?
Also very informal video!
Thanks for watching!
Do you have any opinion on "Stash"'s Retirement accounts? I actually just set mine up (It is a Roth IRA) and invested $100 from my college scholarship refund in it. It is free if you're under 25 and I am only 20 so I figured it would be a good idea. It seems to be going well so far. I invested a few weeks ago in a variety of companies (Amazon, JP Morgan, Alphabet, and a few others), and am I already seeing my returns come in. However, they do not seem to have a very large selection of companies. And, once I turn 25, it's $2 a month or 0.25% a year once over $5,000 has been invested. I know you don't know everything, but would I be able to transfer it elsewhere without penalties if I found a better system? Do you know of something else I should use instead? I do only have a little over $100 invested so far, so I could switch to something else now and build there if it was truly better. I have just been reading reviews and it seems very mixed. Thank you for the great videos, and I hope you can get around to reading this comment!
Hi, In most cases the broker in which you transfer funds to will cover any fees charged by Stash. Since Stash is free for you at the moment, I would stick with it! In my opinion, Stash has one of the most user-friendly retirement accounts available! Good luck!
What is your opinion on a vanguard roth ira account?
Vanguard manages trillions of dollars in funds. They are one of the best orgs out there at the moment
@@NateOBrien Thank for replying. Yeah i kinda figured but wanted someone who is exp opinion on it considering most ppl i talk to have no clue what is investing lol
Time and compound interest are my best friends 😁 thanks Nate
Great video Nate! It would be a waste to not contribute to tax-advantaged accounts.
Yes it would!!
So weird hearing about IRAs when you're Irish...!
Yes. Two very different IRAs
In your opinion is it ok if I invest 2-5k a year into IRA account? (I’m 20yrs old)
Ezekiel, by investing as low as $100 at 20 years old, you are already better off than the majority of your peers. Keep up the great work!
Follow the yellow brick road ! No risk no reward ! 👌
Yes sir
Most people want to take the path that has already been laid out. IRAs and 401ks can provide a decent safety net for retirement
I JUST MADE this same video same title if another one of yours goes VIRAL im going to be PISSED LOLLLL jp keep up the great work! GREAT VIDEO
I'll have to check out your vid! You never know which videos will go viral. YouTue is a magical place!
Nate O'Brien cool let me know what you think and if you decide to shout me out that’s awesome I will this you $100
First view, like for bantz
Nice! Thanks for watching the video!
I’m taking the Trillionaire route
How can I say fast as you
Sorry I talk fast!
Watch out when giving your money over to other to manage. Many will get old and discover that the managers did not have their best interest in mind. No one will look out for you like you will. Learn what you are getting into when investing.
Roth baby!
In Argentina r taxes if u r retired and u earn more than 1,380.97dlls per month. Also here is a lot of money but imagine working all your life to have a nice retirement and the state took a lot of the money u earn even when retired. All we pay taxes but come on, on retirement? Don't come to Argentina if u want to earn money. Also Coke is in crysis right now
This beat keeps making me think a phone is ringing 😂
So if I’m 29 making 350K/yr online do a traditional? Or Roth?
Roth, but you're gonna have to put money in through the back door route
How are you making 350k a year but don't know where to put your money? 🤔
DjCopl3x I’m in sales not investing 🤔
@@loveforthe90s awesome what do you sell?
@@DjCopl3x drugs 🌚💔
2019 ?? :)))
Dude A Million Dollars In 20-50 Years Wont Be Shit, It Will Be Like A Thousdands… This Is Really For The 70's- 90's People. I Mean You Can Still Do This But Don't Depend On A Retirement Plan, Trust Me Things Are Changing
You just want likes or views
🖤🐈⬛
My baby is smart AF
hot and handsome too
🔥🔥🔥
💎💪
Yep, should have started 20 years ago. Not making the same mistake with my kids though.
I will be secretly setting up trust funds for my children. The younger you start, the better!
@@NateOBrien
I come from a family that didn't have a lot of money. Three of us did the right thing and started value money as it is meant to be. Two have degrees and one started investing. None of these three have a debt outside a mortgage.
I want to see if I can get my two kids ahead with no mortgage.
Congrats! I have been doing a ton of research on real estate as I will be in the market for my first investment property some time in the coming months
420 likes e.e
nice nice
@@NateOBrien someone messed it up 😑
great video Nate! I have a similar video man! Please check mine out and let me know what u think!
I'll check it out later this evening!
saving 5500 each year, barely doable, company retirement ahahahahahahahahahahahahaha, rly?
'Living on the sidewalk'
Dude i like your videos but you need some perspective.
Mental illness, drug addiction, indentured family debt and inhibited growth possibilities due to explicit poverty lead to that kind abject kind of homelessness..
Its a bit of specious reasoning to use it in a conflated bitta rhetoric re those who worked jobs without financial support systems.
But i take your point, just be careful not to isolate your audience.
For.instance, saving for 'retirement' sometimes falls apart when you get a chronic illness and your savings disapear into the void of the medical system n pharma n hence never have enough money to make self managed super and the likes a priority.
Instead the nest egg becomes capital for staying healthy enough to work parttime or casual whereever you can and then tryna stay above.water with rent and bills.
Thats my story n its pervasive for anyone who wasnt born middle class.
Keep doing ya thing!