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Always take the employee match! You will never find an investment that immediately doubles your money. If you can’t pay off debt quickly while also taking the match you need to adjust your budget. 👌
Amazing I also just started trading with Mrs Keren Parker, she is the best at what she does with an initial investment of $1400 i made up to $5230 in just a week of trading with her, her strategies are mind blowing
The whole 'miss out on employer match' was my 'I do baby steps, but only kinda' line. But that doesn't matter now, because I'm past that to step 4. 🥳 Step 4: Where the scary part is now all the options at once.
In my search for a viable means of regular income in the stock market I came across a fund manager Mr Nigel K Phineas, through him my investments has been so lucrative reaching profit margins of up to $55k on a monthly basis
@@BUCTHA4 i recently ventured into stocks investments but it’s really hard finding good footing, that’s a pretty cool amount to be earning monthly how are you able to accomplish that?
@@Axelk8 I owe all my success to Nigel Phineas’ contribution in my swift and consistent earnings. He provides an investment management service where he oversees all trading analysis and executed trades with his vast experience for a service fee charge of 15% off generated profits
@@Axelk8 Well, trades are well insured his firm to ensure all clients are duly compensated for their investments plus Nigel Phineas is a fully licensed trader
Yes I work on my own cars(it isn't that hard really, just took some grit and youtube videos to learn some basics)--it would actually do most people good to learn some basics about their cars like checking fluids regularly, knowing which hoses go where to watch for leaks, checking tires, brakes and suspension to keep them from major issues on the road. It's basically called a pre-trip in the CDL world, and cars should start having something similar every so often in driver training. So my only major disagreement with investing is no--you don't need an advisor necessarily. It's really that easy to automate in today's world. It's not 1998 with having no way to easily check on investments with a few clicks and an online account. That doesn't even account the fees for the actively managed funds they often put you in which have a low chance of beating the market itself over 20-30 years. Then compound that with the fees of an advisor(often 1%). If your fees are 2% over a 50 year investing time period---you're losing possibly millions. If you don't believe me, go do the math. Do an investment amount in an investment calculator with one at 12% over 30 years and another one at 10%. See what you're really paying. You may not need to do that if you can handle leaving your investments alone once set.
I'm not an expert but the 25 year old should get the match and also attack the loan... more time in the market will be better in the long run. I wish I started in my 20's.
This is the one point of advice where I disagree with Dave Ramsey. I think Baby Step 3 & 4 should be done at the same time - especially if you are well over 35 during those steps. At some point, you can't catch up on your retirement savings if you wait too long to invest anything. You can always start investing at any time, but you can't get those compound interest years back. Once you are finished with Step 3, you can add Step 5 & 6 on to the Step 4 you are already doing.
Chris Hogan is the black Dave Ramsey. What does Chris teach that Dave Ramsey doesn’t? What’s different or better in his book or radio show that Dave Ramsey already teaches? Just curious.
I don’t agree with the 401k match. You need to take the match as it is free money coming from employer. Keep paying your debt and invest 401k with the company match. Otherwise, you prevent the growth with the time. The earlier you start investing, more you accumulate.
Same. When I started the Dave Ramsey program, I was already investing in my 401K. I'm on the other side of 40 so I didn't have time to pause for years until I got out of debt. I continued to pay into my 401K and sacrificed a bit to pay off debt. It took me a little longer, but I was not losing out on free money.
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
There is no point in me trying to save for a house. House prices are ridiculous in my area. There is no way I could afford a home. A 20% down payment is not possible. Ever.
You should try going a lower down payment. You can get a 30 year loan at 3%. Key is to budget for a house on a 15 year fix to make sure you don’t have too much house and to allow you some wiggle room to invest and save money. This isn’t what Dave and Rachel teach, but i think the wisdom “time in the market, beats time in the market” backs up the action. Build equity in an appreciating asset and then you can sell the house into a house you actually want to be in long term. I say this as a person who bought a house with a payment that is 17% my take home pay, that is take home after investment deductions. You got this!!!
I am from Spain, my friend in Texas referred me to this channel you make a lot of sense but I do not understand anything until she referred me to a financial counselor in USA that help me to craft my portfolio and over a year we have been working together making consistent profit enough to get me a new apartment and care for parents.
hi, it is not a he. It is a lady. I see most things she says and use to carry out trades are done by Steve. that is how I know she knows what she is doing. in her technique of over night trading she says she use stop loss and take profit strategy. She trade on her account and it reflects on your own
I have been simultaneously kicking and attempting to forgive myself for not realizing that I had not been contributing AT ALL to an amazing employer match for 6 years (ages 24-30)! I saw on my paystub that there was money going to retirement, but didn't take 5 seconds to realize that was my employer contribution alone with me adding 0%. Unfortunately, by the time that I got my head on straight the pandemic forced them to cut the additional match from the budget (I do still get the minimum contribution though, which is very nice of them). I wish I had taken the time to understand the details of retirement sooner, but better late than never!
It used to be that your employer had your pension covered and you just worked and retired. Now, companies are off the hook and you are fully responsible for funding and managing your own nest egg. This change came about 40 years ago. You can hire a pro but you have to stay on top of it. Be wary of fees too in your 401k, that erode your earnings. The risk is all yours, not your employer or anyone else.
This is one of the points I’ve always disagreed with, at least the match should be continued, psychologically it’s out of sight out of mind, just re adjust the rest of the budget
“If you wake up with breath in your lungs, you still have an opportunity to do better.” Thanks Chris, needed that ❤️
instablaster
I love Chris' voice. I could listen to that man read anything and enjoy the experience.
Chris, your voice is SUCH A STRONG PRESENCE 💯
Always take the employee match! You will never find an investment that immediately doubles your money. If you can’t pay off debt quickly while also taking the match you need to adjust your budget. 👌
Not necessarily
I make huge profits on my investment since i started
trading with Keren Parker, her trading strategies are top notch
wow! amazing to see others who trade with Keren Parker,
i'm currently on my 5th trade with her and my portfolio has grown tremendously
Amazing I also just started trading with Mrs Keren Parker,
she is the best at what she does with an initial investment of $1400 i made
up to $5230 in just a week of trading with her, her strategies are mind blowing
@jame odgen
You can reach her through Telegrm
@jame odgen
with the username investwithKeren
Thank you guys for a very good advice.
Thank you, Rachel !!💐💓✨☀️
Great video 2/3 of my favorite investment advisors
Oh boy do I love this partnership! You guys are the best🤗🤗
The whole 'miss out on employer match' was my 'I do baby steps, but only kinda' line. But that doesn't matter now, because I'm past that to step 4. 🥳
Step 4: Where the scary part is now all the options at once.
Chris is the man so much wisdom
The stock market has the highest return rates of any investment asset over the long term
In my search for a viable means of regular income in the stock market I came across a fund manager Mr Nigel K Phineas, through him my investments has been so lucrative reaching profit margins of up to $55k on a monthly basis
@@BUCTHA4 i recently ventured into stocks investments but it’s really hard finding good footing, that’s a pretty cool amount to be earning monthly how are you able to accomplish that?
@@Axelk8 I owe all my success to Nigel Phineas’ contribution in my swift and consistent earnings. He provides an investment management service where he oversees all trading analysis and executed trades with his vast experience for a service fee charge of 15% off generated profits
@@BUCTHA4 i’ve actually heard a lot about partnerships like this how do you handle the risk of mr nigel mismanaging your investments??
@@Axelk8 Well, trades are well insured his firm to ensure all clients are duly compensated for their investments plus Nigel Phineas is a fully licensed trader
Love Hogan!!!
Yes I work on my own cars(it isn't that hard really, just took some grit and youtube videos to learn some basics)--it would actually do most people good to learn some basics about their cars like checking fluids regularly, knowing which hoses go where to watch for leaks, checking tires, brakes and suspension to keep them from major issues on the road. It's basically called a pre-trip in the CDL world, and cars should start having something similar every so often in driver training.
So my only major disagreement with investing is no--you don't need an advisor necessarily. It's really that easy to automate in today's world. It's not 1998 with having no way to easily check on investments with a few clicks and an online account. That doesn't even account the fees for the actively managed funds they often put you in which have a low chance of beating the market itself over 20-30 years. Then compound that with the fees of an advisor(often 1%). If your fees are 2% over a 50 year investing time period---you're losing possibly millions. If you don't believe me, go do the math. Do an investment amount in an investment calculator with one at 12% over 30 years and another one at 10%. See what you're really paying. You may not need to do that if you can handle leaving your investments alone once set.
Is it a MUST to own a home / mortgage? Prices are ridiculously high where we live.
Love Chris Hogan!
Thanks Chris and Rachel!
I'm not an expert but the 25 year old should get the match and also attack the loan... more time in the market will be better in the long run. I wish I started in my 20's.
Thanks for watching
Talk with my trader
Enward Henry
+1 (9 1 7) 3 9 1 1..8..9..3 ✅ 🇺🇸
For trading
So what if you have a zero percentage mortgage and your mortgage company pays your property taxes/insurance with escrow?
Do you invest in retirement at any age even if you are not out of debt???
You two are so funny!!
How short is short term on putting on 401k on hold?
Investing is my passion☺️ But I love to be well diversified and safe💰💰💰
New follower here.
Great info thanks Rachel
Thanks for watching
Talk with my trader
Enward Henry
+1 (9 1 7) 3 9 1 1..8..9..3 ✅ 🇺🇸
For trading
Love Chris's podcast!
Miss that guy!
This is the one point of advice where I disagree with Dave Ramsey. I think Baby Step 3 & 4 should be done at the same time - especially if you are well over 35 during those steps. At some point, you can't catch up on your retirement savings if you wait too long to invest anything. You can always start investing at any time, but you can't get those compound interest years back. Once you are finished with Step 3, you can add Step 5 & 6 on to the Step 4 you are already doing.
I just updated my 401k a few days ago have to have it at 6 percent for them to match 4.5
You use a financial advisor to do it?
@@italiancapo7 no I can just change it through my work
Chris Hogan is the black Dave Ramsey. What does Chris teach that Dave Ramsey doesn’t? What’s different or better in his book or radio show that Dave Ramsey already teaches? Just curious.
Chris is a Ramsey personality. He teaches the same principles. He wrote his own book and did extensive research on millionaires in America.
Once I have a house and a car and I have a more accurate 6 month emergency fund then I’ll start investing the other 9 percent in a Roth IRA
I don’t agree with the 401k match. You need to take the match as it is free money coming from employer. Keep paying your debt and invest 401k with the company match. Otherwise, you prevent the growth with the time. The earlier you start investing, more you accumulate.
Same. When I started the Dave Ramsey program, I was already investing in my 401K. I'm on the other side of 40 so I didn't have time to pause for years until I got out of debt. I continued to pay into my 401K and sacrificed a bit to pay off debt. It took me a little longer, but I was not losing out on free money.
Most ppl can’t do both. That’s why they break it down one step at a time.
So, does he sing? I bet he has a beautiful singing voice!!!!!
He claims he can’t sing :( But we can still enjoy his speaking voice :)
@@Pandorash8 It is a beautiful sound!
Perfect for narration!
“Retirement is the worst case scenario” -Tim Ferriss
Thanks for watching
Talk with my trader
Enward Henry
+1 (9 1 7) 3 9 1 1..8..9..3 ✅ 🇺🇸
For trading
Hi
How can I save for retirement if my work doesn't offer 401k? Where can I get an IRA?
IRA or Roth IRA (better of the two) are offered at any financial firm like fidelity, vanguard, etc.
Great stuff. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands.
Have you considered consulting an investment advisor or using a portfolio manager?
hi, no I haven't do you know any or can you point me in the right direction?@@eileenr.nelson2966
I want to go into stock but i need a certified/registered professional who will guide and handle my account.
JOANNA MALIVA LEE search her on web, she is very popular@@emilyharley8002
Joanna Maliva Lee is one of the trader I have ever worked with in the past few years, she knows how best to deal with whatever market situation.
Love Chris’ voice. Rachel - not so much
I pulled a little bit out of my 401k what do we do in this case CAN YOU TALK ABOUT THIS???
Thanks for watching
Talk with my trader
Enward Henry
+1 (9 1 7) 3 9 1 1..8..9..3 ✅ 🇺🇸
For trading
There is no point in me trying to save for a house. House prices are ridiculous in my area. There is no way I could afford a home. A 20% down payment is not possible. Ever.
Move than🤣
@@TheClaudiaa11 I wish it was that easy.
You should try going a lower down payment. You can get a 30 year loan at 3%. Key is to budget for a house on a 15 year fix to make sure you don’t have too much house and to allow you some wiggle room to invest and save money. This isn’t what Dave and Rachel teach, but i think the wisdom “time in the market, beats time in the market” backs up the action. Build equity in an appreciating asset and then you can sell the house into a house you actually want to be in long term. I say this as a person who bought a house with a payment that is 17% my take home pay, that is take home after investment deductions. You got this!!!
How to invest no matter how old you are? You only went up to age 55. Does that mean you should stop? Should you continue to invest after retirement?
+ 1 9 2 8 5 9 7 1 3 4 3...
Never stop investing
Could you save for college even if your adult childrenalready in college?
Thanks for watching
Talk with my trader
Enward Henry
+1 (9 1 7) 3 9 1 1..8..9..3 ✅ 🇺🇸
For trading
No. Once the child turns 18, you cannot open a 529 or a ESA (education Savings Account).
Investing 15% should be a good start. The more the better!
I am from Spain, my friend in Texas referred me to this channel you make a lot of sense but I do not understand anything until she referred me to a financial counselor in USA that help me to craft my portfolio and over a year we have been working together making consistent profit enough to get me a new apartment and care for parents.
Hi who is your financial counselor and how does he help? I need your honest guidance
hi, it is not a he. It is a lady. I see most things she says and use to carry out trades are done by Steve. that is how I know she knows what she is doing. in her technique of over night trading she says she use stop loss and take profit strategy. She trade on her account and it reflects on your own
who is she? how can I reach out to her?
Can she help me?
Can she help me?
I have been simultaneously kicking and attempting to forgive myself for not realizing that I had not been contributing AT ALL to an amazing employer match for 6 years (ages 24-30)! I saw on my paystub that there was money going to retirement, but didn't take 5 seconds to realize that was my employer contribution alone with me adding 0%. Unfortunately, by the time that I got my head on straight the pandemic forced them to cut the additional match from the budget (I do still get the minimum contribution though, which is very nice of them). I wish I had taken the time to understand the details of retirement sooner, but better late than never!
I’ve also done terrible things, when I look back, towards my retirement. But the main thing is we’ve fixed it now 💪🏻
It used to be that your employer had your pension covered and you just worked and retired. Now, companies are off the hook and you are fully responsible for funding and managing your own nest egg. This change came about 40 years ago. You can hire a pro but you have to stay on top of it. Be wary of fees too in your 401k, that erode your earnings. The risk is all yours, not your employer or anyone else.
Chris is larger than life
What a lovely guy! ...does he do story times? 🤔😍
Amazing content! It's brought a lot of clarity on how to prioritize investments.
Thanks for watching
Talk with my trader
Enward Henry
+1 (9 1 7) 3 9 1 1..8..9..3 ✅ 🇺🇸
For trading
This is one of the points I’ve always disagreed with, at least the match should be continued, psychologically it’s out of sight out of mind, just re adjust the rest of the budget
I agree. If you pause the match, you are losing time and money. Nonsense.
Rachel put Chris #4 in front of Dave. Scandalous content.
Could she talk any faster????
These guys are good... But... Always get another opinion. I found the money guy show has great advice that is similar but has more flex.
Thanks for watching
Talk with my trader
Enward Henry
+1 (9 1 7) 3 9 1 1..8..9..3 ✅ 🇺🇸
For trading
Chris makes rachel(and probably me) look tiny💪
❤️❤️♥️♥️♥️♥️😭♥️♥️