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I am impressed with your update on tech stocks, I am looking for tax efficient way to rebalance my 7-figure dividend portfolio without triggering capital gain tax. what asset location strategies should i use?
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria.
Yeah he said that and I was flabbergasted, it's damn near impossible to save that much if your not working multiple jobs. By that logic I should at least have 8k in saving which I'm nowhere close
@@cybertobifyshoulda just given that money to random strangers insteadbof genetisists, would have boosted the economy and raised everyones living standards and a dozen other good things
Save in cash, buy a property (even if it's a parking garage, or some humble depleted bit in the countryside). Also, when acquiring collectibles, think of value for the long term (i.e. a watch, stamps, etc) as things you can trade or use as barter. While it's good to have a bit saved up in a bank, diversify your portofolio for things banks don't do, and when you can, invest directly in the companies you believe in only after doing your due diligence. And make friends with people who don't live out their weekends at the bar.
Nah this guy is legit He build his wealth from starting a shop selling toys and that cus he really liked them as a kid And he had his ups and downs But I get what u mean But he is legit
@@timr1627 Implying someone won't be able to afford stuff at 65 if working for a salary? I work in a high hourly pay industry. Not worried haha. Having your own business doesn't make you magically rich, nor does a salary. You just make enough, or you don't. You are smart about your money, or you're not. You can retire with well over a million just by regular investing, even with a low relative salary if you keep expenses down.
@@User948Z7Z-w7n Freedom doesn't come from salary, or owning your own business. Freedom comes from responsibility and competency over the things, people, and situations you are supposed to be accountable for. I know people raking $300k+ a year in their pockets with their own businesses, who still complain about money because of their pool, second house, luxury car, massive purchases. Anyone, high or low income can fall prey to the temptation of stuff. Living free means you comfortably have what you need because you are able to be resilient. I get paid a salary and am incredibly happy with my job, have tons of opportunity in my field, and regularly invest into both superannuation and stocks. I'm the sole breadwinner in a house of 4. The trick is to not waste your time with stuff that isn't a good investment. Being mature, responsible, and competent sets you free. More money can enslave you if you aren't able to handle the responsibility that comes.
I’m almost damn sure it was this channel that said “only 30% of millionaires have ever worked a job that pays over $100k”. Which is kind of code for your statement there 😂
@@TheBravocomexcept that it’s actually the solution. go watch financial audit. it’s crazy how many people piss away their money buying door dash, new clothes, taking high interest loans for vacation it’s embarrassing. spending more than 300 a month per person on food? budget better. spending more than 100 on miscellaneous expenses? budget better.
Huge tip for nr. 3: if you want to teach yourself about investing into stocks, there are websites, that allow you to invest fake money into them, and see after that, if you made the right choice. Unfortunatly, you can't lose nor win any real money.
@@oldmanMikehere of course I talked to my kids about investing and had to start as the custodian but every penny they invest they earned themselves at a regular job. I haven’t contributed a penny to their investments. It’s unusual but my oldest has 2 part time jobs & goes to college on full scholarship. My younger one starts college in the Fall. They have checking accounts, a Roth IRA, & HYSA. It’s SO important to understand compound interest start investing early because the returns are insane if you give your money the time it needs to grow. My kids buy an inexpensive $60 S&P 500 etf every week, it’s automated. We live in California & the minimum wages are good here if you’re living with your parents but not really high enough to rent an apartment.
Well High Interest Savings Account has in the back a Money Market Fund in which you can invest by yourself to get the full interest (XEON). The rate stays up while inflation is up, after that... quick withdraw.
@@OldManDave1960 Superb! Barclays US pays you 4.35% not 5% FDIC insured. If you want 5.00%/5.10% on USD on your conditions you can choose a money market fund or another small bank that is hungry for funds. In UK Barclays pays you 5% indeed while a money market fund can get you 5.20%.
Most people don’t realize that an emergency fund of 6 months when your expenses are $2500/mo is literally 15 grand. Everyone needs to have that before they do anything risky with their money.
What city are you from because I am finding it difficult to see how your expenses is $2500 a month? I live in Sydney which is probably the second most expensive English-speaking part of the world to live in and we do have those prices in certain areas but even then, it is possible to save as our minimum wage here is $23.23 an hour for full time and more if casual/part-time though less hours. That should still give a full-time worker over $1,600 a fortnight after taxes. An emergency fund should be the bare minimum: average rent in your city (not necessarily what you're paying now), water, food, maybe electricity. You may also take several years to save that up at least but it is more than doable.
@@jl3303this is like saying "if you want to fly just generate more lift than the force of gravity. You are welcome." It doesn't make people grow wings
@@BillyBurnsfieldlook at his comment, before he does any of that he has to loose the looser mentality wich very few people ever do. When they instantly feel overwhelmed by the inconvinience of trying to adapt to a new way of managing things and instead assume there is no way for them to change their current situation, you can tell they are a lost case.
You may also take several years to save that up that amount, but it is more than doable. I live in Sydney which is probably the second most expensive English-speaking part of the world to live in and average rent here is $650 a week for a house. Apartments and studios would be cheaper in most cases, so most people aren't paying that much. Our minimum wage here is $23.23 an hour for full time. That should still give a full-time worker over $1,600 a fortnight after taxes. An emergency fund should be the bare minimum: average rent in your city (not necessarily what you're paying now), water, food, maybe electricity.
The thing is that you get rich in your 20s if your parents are rich, but by following his steps on how to become millionaire is long term 30 40 years in the future
Get into concrete! Barely enjoyable with less than favorable co-workers and back breaking labor. But at least I have healthcare which doesn't work at all how I expected it to.
Change your spending habits, a lot of people have unnecessary things spending money every day, it’s OK to be uncomfortable sometimes. And I get everyone’s situation is different., but you really don’t need Starbucks and avocado toast every day or buying lunch out every day. All that together is like $20 depending on where you are in the country every day, and then times that during average work week. that’s $100 you could be saving that was spent unnecessarily. Pack a lunch.
ok this mentality has to be dealth with first off if you are not making enough there is few reasons first either you picked a bad careere field either because it was easy education or because you made a bad decision, second maybe you are working a job that is not paying a full potential for that position either because you work for a smaller company or you live in a smaller town and dont wana travel for work. there is also spending habits, people dont pay atention to the money they spend daily on coffe, snacks, eating out etc even though if accounted for and saved because it is not living esentials could build a decent emergency fund in a few months or invested into something like s&p 500 could build a decent retirement. there is also a posibility that you or people in same situation dont wana work more if you wana get ahead you should consider working maybe two jobs for some time to get ahead. when i was a student i worked 3 jobs for 2 summer’s for around 4 months each time 7 days a week i saved like 10 k each summer it helped me soo much later on when i graduated and the job i took was not beneficial for me in short term, i had to fly for work sometimes be away from home for months but in the end the experience i got helped me get a better job and today an ability to pick basicaly any company i wana work for so dont find a way to make yourself a victim for a position you are in but find a way to get ahead, not insulting just advice. consider finishing a course that can get you a better job there are plenty of those
"Yeah should've just invested and bought a home 30 years ago, for a months check, and you'd be rich now dummy." Literally any boomer in UA-cam comments.
Finding a high interest savings account in the U.S. is about like finding a decent presidential candidate that actually has potential of getting into office. It's impossible💀
That was true for the last ten years but right now high yield savings accounts are doing great. They're paying out the same as CDs which were also not great for a while. However they will likely start going down as the feds start lowering the interest rate.
EXACTLY! I had the hindsight to tell Life to not have any problems. Like one time I foresaw I was gonna have a medical issue and told Life if you can push that to when I turned 30. Jokes on Life I'll be a millionaire by then and can pay it off then
Cost of staying alive is way higher for people with low pay. Try life at 70 to 80% of your pay going to just stay alive and having a roof over your head.
@@TheEmeraldVortex You need to do research. I opened up a HYSA with everbank recently. It has no fees or minimum balance and the APY is 5.15% which outpaces inflation I believe
@@cleb94 we pay 14% in Czechia and have healthcare too, but you know, we yet didnt have to pay for the whole middleeastern nonworkers that Angela invited to your country.
You know him or something or are you basing this off of nothing other than vibes? Because thats a terrible thing to accuse someone of based off nothing.
You may also take several years to save that up that amount, but it is more than doable. I live in Sydney which is probably the second most expensive English-speaking part of the world to live in and average rent here is $650 a week for a house. Apartments and studios would be cheaper in most cases, so most people aren't paying that much. Our minimum wage here is $23.23 an hour for full time. That should still give a full-time worker over $1,600 a fortnight after taxes. An emergency fund should be the bare minimum: average rent in your city (not necessarily what you're paying now), water, food, maybe electricity.
The platform depends on the country you are in but you should generally be investing in a ftse global all world or similar/the S&P 500 if that's not an option for whatever reason. As for what he used at the end that is a mostly UK focused platform called trading212.
Which is why you need to make sure you can survive a job loss without living in your car. If you can't pay rent and get evicted, it will be very difficult to ever rent again. So you need to make sure you can pay rent between jobs.
Quite honestly an almost 15 percent expected rate of return over a period of 40 years is something really unlikely. That’s beating the market by 6-8 percentage points which is pretty high.
Most people forget to factor in dividends. 15% is a lot but most stocks and ETFs also pay dividends of 3% whilst growing on average 7%. This is from 10-year data.
Step 4 tax evasion Step 5 escape jail Step 6 change your name and gender Step 7 move to a diferent country Step 8 live a nice life Hope this helps to yall broke mfs❤
@@noctiss_season2should’ve done a trade then started your own business. all you need for trade a business is a Ute and some cheap tools lol and you’d make 2x more then being a lawyer or whatever the fuck, which is also an incredibly oversaturated market. Guess what, a trade is also cheaper and…. Free.
Work 26 hours a day 8 days a week. Simple. But I feel you. I've probably got about 2 months of my own and my businesses expenses which if I got properly hurt (say broke a bone etc) I'd be wiped out. Joys of self employed!
Keep your money in your bond. No account has a higher interest rate. No savings account will beat it. You're welcome. Just ensure you have flexi bond that allows depositing and withdrawing advance "payments". You're technically saving more money by saving on interest per month.
@@SSWBJC1 bond. Depending on your local laws, trusts typically have a baseline tax and then additional tax on payout. Trusts are worse off for the individual, but good for protecting inheritance.
This one is good advice if you have a headstart, privilege exists can't deny that but many people that have opportunities can lose them easily, still think the focus audience is not everyone
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Oh, and make sure to already be rich or have rich relatives. That helps a lot. Seriously, most folks don't even get to the emergency fund part, let alone fully funding it. There just isn't enough money.
I'm so glad I was already doing 2 of these. Unfortunately my country doesn't have the last type of accounts available in any bank... Last time I asked. Will research more 😊
I'm an acounting student and this is my perspective: you shouldn't include the stocks if you are just starting to save, savings and emergency funds should be separate and you should focus on these two first. Research and study about the stocks, dividends, and other investments for 6m-1y before you start.
For years I was with bank of Montreal.... then I finally opened my eyes in my late 20s and saw they where charging me $80 CAD a month for fees! I asked what was that for? They couldn't answer. I switched banks to a 0 fee bank. Bank of Montreal could of cared less to lose me.
Get a free share worth up to £100 from Trading 212 by using promo code 'TILBURY' or visit www.trading212.com/promocodes/TILBURY
(terms & conditions apply)
I'm in Pakistan not in America or UK, and I don't know how to invest in stock and how does that help you make money, can you help me ?
@@secretman1395
Live in a country on verge from bank rupt
@@secretman1395same man. I also wanna know how to do
you never get rich in 20 just buy Berkshire Hathaway om 185$ xddd
i have two a savings one and a current one but i invest on my current account thanks for all the help! btw im only 12!
4-5 months of living expenses when I can't even save a fourth of my money each month due to high cost of living 😭
Try to be more minimal
And should done this when Trump was in power not when Biden came in a fucked the world up
@@greener3922 thaaaanks. Great advice
@@greener3922umm the problem with that is in america 90% of wages go to basic needs like housing and food.
Love it when people say " try be minimal"... They have zero clue what it's like for some people.
2 things that helped me and literally changed my life
1. I stopped watching porn
2. I read the book called 'Money Hidden Magic'
3. Stop drinking
2 is a scam
@@matijamilicevic1097 Yea you would like that, but nope it isn't
I saw this exact comment in another video, probably a bot self-promoting a book
If only life was so simple for the most of us🙃
Wait which one didn't help from these 3 😂
*WHERE SHOULD I KEEP MY MONEY?*
*ME: POCKET?!!*
Tax man: nuh uh
Loses value there silly
Thief: GIVE ME ALL OF YOUR MONEY!
Pickpocketer's Dream 😍
Lol.
@@danielescamillajr3598you know bruh is thirsting for comedic likes
I am impressed with your update on tech stocks, I am looking for tax efficient way to rebalance my 7-figure dividend portfolio without triggering capital gain tax. what asset location strategies should i use?
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
pls how can I reach this expert, I need someone to help me manage my portfolio
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Melissa Elise Robinson for years and highly recommend her. Look her up to see if she meets your criteria.
Thank you for the recommendation. I'll send her an email and I hope I'm able to connect with her.
4 to 5 months? They barely pay me enough for the next 4 to 5 days 💀💀💀
oof. hug*
Yeah he said that and I was flabbergasted, it's damn near impossible to save that much if your not working multiple jobs. By that logic I should at least have 8k in saving which I'm nowhere close
You gotta hustle or find a way to cut your expenses then. Get another job, outside your main job and keep the money coming.
Lol what country u live in?
U need to learn money managment
"You'll never get rich in your twenties" - roll credits
🙌
The finance bubble gets more and more repetitive
than apocalypse happens: engeneered bird itchies
@@cybertobifyshoulda just given that money to random strangers insteadbof genetisists, would have boosted the economy and raised everyones living standards and a dozen other good things
@@voraxe3032if you learned nothing from the last 4 years, giving free money is horrible for the economy and causes inflation.
“Where should i keep my money?”
“In a bank account”
"What money?"
Hes Not wrong
Or in America, keep it in monthly t bills.
@@israelarana5283 why US?
Save in cash, buy a property (even if it's a parking garage, or some humble depleted bit in the countryside). Also, when acquiring collectibles, think of value for the long term (i.e. a watch, stamps, etc) as things you can trade or use as barter.
While it's good to have a bit saved up in a bank, diversify your portofolio for things banks don't do, and when you can, invest directly in the companies you believe in only after doing your due diligence.
And make friends with people who don't live out their weekends at the bar.
"Get rich in your 20s"
That's some daddy's money bullshit
Nah this guy is legit
He build his wealth from starting a shop selling toys and that cus he really liked them as a kid
And he had his ups and downs
But I get what u mean
But he is legit
@@legendaryshadow6428how would you start a shop on your own in your 20's without daddys money?
@@HxpnoticAby robbing
@@legendaryshadow6428Good luck starting a business if you can’t afford to lose 10k AT LEAST
Mindlessly scrolling through UA-cam shorts isn’t gonna get you any closer to being rich in your 20s
Not selling any products, just pure advice in the video. Nice.
Agreed. Everyone can gain from this kind of content.
It's driving traffic to the links on his page. It's just another advert
the pinned comment is an ad
It's dog shit entitled bloomer advice that thinks saveing 4 dollars will make you a billionaire
If you think youtubers don't profit then you're exactly the type of people they're trying to profit from
One of the best natural bodybuilder
Wtf 😂😂
Yep. That’s a bankers belly. 😌
Your money probably needs to go to an optician.
Can you stop glazing
Moneybuilder
Actually good advice rather than
“University is a scam, working for others is a scam, 401k is a scam, just be rich”
See you at 65 when bread costs $25 a loaf
WORKING FOR SALARY WILL NEVER SET YOU FREE. Well, the terminal disease that comes with it might.
@@timr1627 Implying someone won't be able to afford stuff at 65 if working for a salary?
I work in a high hourly pay industry.
Not worried haha.
Having your own business doesn't make you magically rich, nor does a salary.
You just make enough, or you don't.
You are smart about your money, or you're not.
You can retire with well over a million just by regular investing, even with a low relative salary if you keep expenses down.
@@User948Z7Z-w7n Freedom doesn't come from salary, or owning your own business. Freedom comes from responsibility and competency over the things, people, and situations you are supposed to be accountable for.
I know people raking $300k+ a year in their pockets with their own businesses, who still complain about money because of their pool, second house, luxury car, massive purchases. Anyone, high or low income can fall prey to the temptation of stuff. Living free means you comfortably have what you need because you are able to be resilient.
I get paid a salary and am incredibly happy with my job, have tons of opportunity in my field, and regularly invest into both superannuation and stocks. I'm the sole breadwinner in a house of 4. The trick is to not waste your time with stuff that isn't a good investment.
Being mature, responsible, and competent sets you free. More money can enslave you if you aren't able to handle the responsibility that comes.
I’m almost damn sure it was this channel that said “only 30% of millionaires have ever worked a job that pays over $100k”. Which is kind of code for your statement there 😂
This is best scifi content on youtube.
What money, my brother in christ?
Budget better
@@user-RCST what a clever idea
These finance bros all have the same answer. Don’t have money and want more money? Easy. Save money. Want to get rich? Easy, have money.
@@TheBravocomexcept that it’s actually the solution. go watch financial audit. it’s crazy how many people piss away their money buying door dash, new clothes, taking high interest loans for vacation it’s embarrassing. spending more than 300 a month per person on food? budget better. spending more than 100 on miscellaneous expenses? budget better.
@@user-RCST Lemme budget the $100 left over from rent or utilities while still needing to feed myself or kids. Dumbass lol
I watched two or three videos of this man but I can say he is believable. True advice without selling product or showoff or bullshit.
Huge tip for nr. 3: if you want to teach yourself about investing into stocks, there are websites, that allow you to invest fake money into them, and see after that, if you made the right choice. Unfortunatly, you can't lose nor win any real money.
Can u tell me one of those websites for example? Ty in advance
@@yeww406 Sorry, I have only heard of those, but I don't know any
@@yeww406Don’t waste your time
website name?
@@palomaresendiz7426 sorry, I don't know, I've only heard of those
I love this guy's content. He's soooo out of touch he only appeals to other over 50's who already rinsed this country dry.
My 20 year old has all three of these accounts. He’s not out of touch, your parents are.
@@MKK-wg7fz did you set them up and also top them up?
@@oldmanMikehere question is why you didn't?
@@amaaarilimna well my main reason is because I dont have a 20 year old.
@@oldmanMikehere of course I talked to my kids about investing and had to start as the custodian but every penny they invest they earned themselves at a regular job. I haven’t contributed a penny to their investments. It’s unusual but my oldest has 2 part time jobs & goes to college on full scholarship. My younger one starts college in the Fall. They have checking accounts, a Roth IRA, & HYSA. It’s SO important to understand compound interest start investing early because the returns are insane if you give your money the time it needs to grow. My kids buy an inexpensive $60 S&P 500 etf every week, it’s automated. We live in California & the minimum wages are good here if you’re living with your parents but not really high enough to rent an apartment.
High Interest Savings Account.
Oh you had me going there 😂😂 thats funny.
He apparently has no clue about this guy or no bank
Well High Interest Savings Account has in the back a Money Market Fund in which you can invest by yourself to get the full interest (XEON). The rate stays up while inflation is up, after that... quick withdraw.
Barclays US and Penfed both have liquid, online savings accounts that are paying around 5%. I'm sure the UK have similar
@@OldManDave1960 Superb! Barclays US pays you 4.35% not 5% FDIC insured. If you want 5.00%/5.10% on USD on your conditions you can choose a money market fund or another small bank that is hungry for funds. In UK Barclays pays you 5% indeed while a money market fund can get you 5.20%.
They do, I have one and was literally told by the bank that thats the best option @@OldManDave1960
Opened all 3 of these at 21, seeing nice returns 2 years later! Couple extra thousand a year!
Most people don’t realize that an emergency fund of 6 months when your expenses are $2500/mo is literally 15 grand. Everyone needs to have that before they do anything risky with their money.
Mine needs to be $ 50,000.00 !
Jesus Christ ! (Need a miracle here)
@@ebwholesaler so you spend 8k per month just to live? Why?
@@FutureDocta
Because i live like a multi-millionnaire.
4 properties
16 cars
2 boats
3 motorcycles
Etc...
You can never go back.
What city are you from because I am finding it difficult to see how your expenses is $2500 a month? I live in Sydney which is probably the second most expensive English-speaking part of the world to live in and we do have those prices in certain areas but even then, it is possible to save as our minimum wage here is $23.23 an hour for full time and more if casual/part-time though less hours. That should still give a full-time worker over $1,600 a fortnight after taxes. An emergency fund should be the bare minimum: average rent in your city (not necessarily what you're paying now), water, food, maybe electricity. You may also take several years to save that up at least but it is more than doable.
Thanks for sharing PEPE and AMS77H. 💯
FYI guys this is a scam.
So start out rich. Got it. Thnx I guess.
Move from where you currently live / analyse what you spend your money on and how much of it.
Save more than you spend. Simple as that. You’re welcome.
@@jl3303this is like saying "if you want to fly just generate more lift than the force of gravity. You are welcome." It doesn't make people grow wings
yes, just have privilege its not that hard to be wealthy when you get to start out wealthy o;
@@BillyBurnsfieldlook at his comment, before he does any of that he has to loose the looser mentality wich very few people ever do.
When they instantly feel overwhelmed by the inconvinience of trying to adapt to a new way of managing things and instead assume there is no way for them to change their current situation, you can tell they are a lost case.
With this economy my life’s been taking an unexpected turn every fucking week so you know… that savings is in the negatives rn… lmfao
Exactly, I’m taking my Xbox to cash generator tomoz for shopping. Invest, fck I can’t afford spuds atm 😂
Hate part time work
@@thebitsanpiecesman4423
>sell it on an online marketplace instead
>try to spend as little as possible shopping
@@thebitsanpiecesman4423
Ive been there dude. Don't give up, you'll get there
@@thebitsanpiecesman4423u hate part time work then dont work😂
Same buddy
4-5 month of living expenses…. I had a good laugh
ya I cant keep like a month extra most of the time, at best
I mean it takes a while depending on your work/school situation but its still very good advice
You may also take several years to save that up that amount, but it is more than doable.
I live in Sydney which is probably the second most expensive English-speaking part of the world to live in and average rent here is $650 a week for a house. Apartments and studios would be cheaper in most cases, so most people aren't paying that much. Our minimum wage here is $23.23 an hour for full time. That should still give a full-time worker over $1,600 a fortnight after taxes. An emergency fund should be the bare minimum: average rent in your city (not necessarily what you're paying now), water, food, maybe electricity.
The thing is that you get rich in your 20s if your parents are rich, but by following his steps on how to become millionaire is long term 30 40 years in the future
Great to see Barclays at the background ❤
I missed the part where I make enough money to save it
its hard dude, just yesterday i was able to put 100 on savings. this is thanks to the democrats that messed the country
Get into concrete! Barely enjoyable with less than favorable co-workers and back breaking labor. But at least I have healthcare which doesn't work at all how I expected it to.
I’m sure there are some things you buy that you don’t need
Change your spending habits, a lot of people have unnecessary things spending money every day, it’s OK to be uncomfortable sometimes. And I get everyone’s situation is different., but you really don’t need Starbucks and avocado toast every day or buying lunch out every day. All that together is like $20 depending on where you are in the country every day, and then times that during average work week. that’s $100 you could be saving that was spent unnecessarily. Pack a lunch.
ok this mentality has to be dealth with first off if you are not making enough there is few reasons first either you picked a bad careere field either because it was easy education or because you made a bad decision, second maybe you are working a job that is not paying a full potential for that position either because you work for a smaller company or you live in a smaller town and dont wana travel for work.
there is also spending habits, people dont pay atention to the money they spend daily on coffe, snacks, eating out etc even though if accounted for and saved because it is not living esentials could build a decent emergency fund in a few months or invested into something like s&p 500 could build a decent retirement.
there is also a posibility that you or people in same situation dont wana work more if you wana get ahead you should consider working maybe two jobs for some time to get ahead. when i was a student i worked 3 jobs for 2 summer’s for around 4 months each time 7 days a week i saved like 10 k each summer it helped me soo much later on when i graduated and the job i took was not beneficial for me in short term, i had to fly for work sometimes be away from home for months but in the end the experience i got helped me get a better job and today an ability to pick basicaly any company i wana work for
so dont find a way to make yourself a victim for a position you are in but find a way to get ahead, not insulting just advice.
consider finishing a course that can get you a better job there are plenty of those
Get your liquidity, go back in time when you were 4, invest them, don’t drink or eat for 5 years.
I don’t see why people cannot manage their money!
"Yeah should've just invested and bought a home 30 years ago, for a months check, and you'd be rich now dummy." Literally any boomer in UA-cam comments.
@@payback4803so what are you doing then lol? The guy is just giving recommendations that work
Why didnt you just buy a house when you were 5 and insvest the rest.
14.8% average return on that retirement account is crazy
I get 19.5%
I get a solid -30% every year. I have a special self-managed account 🙈
@@Rumpletoncould you tell me how I’d be very interested in learning how to get a 30% return
@@hunteryoung3756how?
8-12% is a little more realistic
Why everyone is talking about AMS77H?
Just bots spamming scam shit
@@gloween9151 scam bots
Nobody
Tbh the last point is valid. Investing in an ISA is class
Life takes an unexpected turn when they hike grocery prices every other month
Finding a high interest savings account in the U.S. is about like finding a decent presidential candidate that actually has potential of getting into office. It's impossible💀
Capital One savings ac at 4.25% and CD at 5% interest rate. Keep growing your money🫰
Trump 2024
@@chrisschulze808134 felonies
That was true for the last ten years but right now high yield savings accounts are doing great. They're paying out the same as CDs which were also not great for a while. However they will likely start going down as the feds start lowering the interest rate.
Sofi is at 4.6 percent
And for those of you in school, try the 50\30\20 method, 50% to needs, 30% to wants, 20% to emergency savings,
honestly I think savings should be more than wants
@@noahsiegfried meh, it’s up to personal choice
EXACTLY! I had the hindsight to tell Life to not have any problems. Like one time I foresaw I was gonna have a medical issue and told Life if you can push that to when I turned 30. Jokes on Life I'll be a millionaire by then and can pay it off then
An appalling majority of people are now paying 50% or more of their income on housing, but housing isn't the only 'need'.
Cost of staying alive is way higher for people with low pay. Try life at 70 to 80% of your pay going to just stay alive and having a roof over your head.
Finally, someone I can actually agree with when it comes to basic investing
Right this is for people who have livable jobs
Nah high interest my ass 1.7% of zero is still zero😭
Savings accounts don't save you crap anymore. Not with all the tacked on interests and fees.
@@TheEmeraldVortex You can get 5%+ for savings
It's easy to get a 5% easy access savings account in the UK now
@@TheEmeraldVortex You need to do research. I opened up a HYSA with everbank recently. It has no fees or minimum balance and the APY is 5.15% which outpaces inflation I believe
U.S. too just opened 5.6% recently with no fees and 0.75% checking no fees
German tax system: hehe yeah we ain't gonna let you do that buddy.
Was about to say the same. tax advantage investment account?? 😭
Germany keeping you big as hell
But they have stuff like free healthcare I think
@@jacobporter419 it's not free. We are paying ungodly amounts of taxes
@@cleb94 we pay 14% in Czechia and have healthcare too, but you know, we yet didnt have to pay for the whole middleeastern nonworkers that Angela invited to your country.
Holds Halifax card, stands outside Barclays...
It's not against the law
😂
You know this dude probably "took advantage" of rising inflation in housing and jacked up rent on the tenants
You know him or something or are you basing this off of nothing other than vibes? Because thats a terrible thing to accuse someone of based off nothing.
@@Orto4956 The majority did this, otherwise why have average rents risen higher than the normal CPI?
Thank you for sharing AMS77H💗 I really appreciate it
4 to 5 months of living expenses?! Bro, if i could save that much money, i wouldn't need advice.
You may also take several years to save that up that amount, but it is more than doable.
I live in Sydney which is probably the second most expensive English-speaking part of the world to live in and average rent here is $650 a week for a house. Apartments and studios would be cheaper in most cases, so most people aren't paying that much. Our minimum wage here is $23.23 an hour for full time. That should still give a full-time worker over $1,600 a fortnight after taxes. An emergency fund should be the bare minimum: average rent in your city (not necessarily what you're paying now), water, food, maybe electricity.
Canadian cost of living: "Are you sure about that?"
Can you make a new video about how to invest in stock market and also whatever site you used right here to see the estimated value
Yea we need that
The platform depends on the country you are in but you should generally be investing in a ftse global all world or similar/the S&P 500 if that's not an option for whatever reason. As for what he used at the end that is a mostly UK focused platform called trading212.
The site used is trading212 (see pinned comment)
Just buy an snp 500 index fund on vanguard or Hargreaves’s landsdown and put money in every month
It is the same thing as a roulette in Vegas. You just bet on different things.
4-5 months of your rent. Like we aren't living paycheck to paycheck in this economy 😅😅
His speaking to the small rich not the poor
Which is why you need to make sure you can survive a job loss without living in your car. If you can't pay rent and get evicted, it will be very difficult to ever rent again. So you need to make sure you can pay rent between jobs.
Are we? I haven't noticed
It’s not even just rent it’s all expenses 😂
You may also take several years to save that up that amount, but it is more than doable.
Love those new Halifax cards that Barclays are now issuing 😂
😂
Quite honestly an almost 15 percent expected rate of return over a period of 40 years is something really unlikely. That’s beating the market by 6-8 percentage points which is pretty high.
Most people forget to factor in dividends. 15% is a lot but most stocks and ETFs also pay dividends of 3% whilst growing on average 7%. This is from 10-year data.
Emergency funds? Everything is an emergency. it's not the 50s anymore my man
He is giving a lot of free advice lf l was having this advice when l was 20 years young l am 45 is not to late.
Keep your money where it makes more money.
My bank just recommended I open up the 2. And 3 you talked about. Thank you!
I became extremely wealthy in my 20s without any of that. Thank you btc!!
I reccomend also opening a lisa if you live in the uk. It greatly helps when buying a house to live in!
The stocks and shares LISA with moneybox is also a good option
So I shouldn't be broke, homeless, jobless, and destitute by 28? Damn.
"This too, shall pass"
This digga aint paid rent lately...
Bro this is youtube not Instagram
Looks like an older white dude to me with reasonable advice. 🤔
He's 100%. It's all about time and patience.
That's exactly what I'm doing. My parents and lots of own investigation taught me.👍
Sounds like a pitch man for the banking cartel…
I may as well ask an infant who cannot speak for advice about end-of-life preparations 😅
So what you’re saying is to make loads of money I need loads of money? Gotcha.
Step 4 tax evasion
Step 5 escape jail
Step 6 change your name and gender
Step 7 move to a diferent country
Step 8 live a nice life
Hope this helps to yall broke mfs❤
The worst bank I have ever dealt with taking predatory lending to a whole new level
It's gonna take my entire 20s to save up 5-7 months of living cost💀💀💀
How do i get enough money to put 4-5 motnhs of living expesnes in my savings? I barely have any mkney left if any at the end of a month
Start using your head. May saline harsh but that’s sound advice
Well obviously you need to save money but you can't save money you don't have, so you may need to consider finding a better paying job.
Daaamn sick advice. Because all the firms are hiring entry level 20yos for high paying positions
@@noctiss_season2should’ve done a trade then started your own business. all you need for trade a business is a Ute and some cheap tools lol and you’d make 2x more then being a lawyer or whatever the fuck, which is also an incredibly oversaturated market. Guess what, a trade is also cheaper and…. Free.
Work 26 hours a day 8 days a week. Simple.
But I feel you. I've probably got about 2 months of my own and my businesses expenses which if I got properly hurt (say broke a bone etc) I'd be wiped out. Joys of self employed!
Imagine thinking most people have next months grocery money avaliable
you don't need food when you have investments my dude
@@MajorSkrewup lmao yup...just a sandwich n coffee a day XD
Took his advise, and I'm starting the journey.
Thankyou Sir! After a shtty day, it's you who motivates me.
Great advice
Great information 😀😀
Keep your money in your bond. No account has a higher interest rate. No savings account will beat it. You're welcome.
Just ensure you have flexi bond that allows depositing and withdrawing advance "payments".
You're technically saving more money by saving on interest per month.
Where do we find that ?
@@jonjonson2411 need to apply at a bank for your property. If you haven't bought a property via bond, this hint doesn't apply.
A bond or a Trust?
@@SSWBJC1 bond > trust as trusts tend to eat your taxes unless you've got a special trust
@@SSWBJC1 bond. Depending on your local laws, trusts typically have a baseline tax and then additional tax on payout. Trusts are worse off for the individual, but good for protecting inheritance.
Protect this man at all costs
this fine gentleman is just sharing gold
18 months emergency fund
Can’t beat a 24 years emergency fund
Thanks man this helps me think about what i will do with my life later!!! And a video idea, Should you really go to college?
“High interest” gotta make sure I’m giving the bank the majority of my paycheck
robert 'debt' kiyosaki loading lmao 😂
thanks man I really appreciate it❤
They need to teach this in high school.
Yes so these kids can stop wasting their money.
- Emergency fund? I'm listening...
I know its basically not possible to get rich quick, your advice is golden Mark but I still dont like having to wait 40 years to be a millionaire.
Rumor is that Michael Saylor invested in Cortux and will push this project to the moon!
I love this guy 🙌🏿
This is the kinda stuff school should (but never will) teach us 😭
Cortux is making big moves in the DeFi space. I’m thinking this might be a solid long-term hold.
This one is good advice if you have a headstart, privilege exists can't deny that but many people that have opportunities can lose them easily, still think the focus audience is not everyone
Trusting your money in the bank is like trusting your sheep’s to a wolf 😂
Am I to old to do this 😔 I'm 57 years old and was never taught these things.
Your video is very educational.
Funny that i did exactly that without ever seeing this before. It makes sense when you think about how to manage your money efficiently
My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Set a better paid job and work harder. Construction industry can pay large amounts for the right people.
This is solid advice.
Yeah this literally knocked out 99% of people in chat. The rich get richer.
It's way funnier when the alien said it
Oh, and make sure to already be rich or have rich relatives. That helps a lot.
Seriously, most folks don't even get to the emergency fund part, let alone fully funding it. There just isn't enough money.
I'm so glad I was already doing 2 of these. Unfortunately my country doesn't have the last type of accounts available in any bank... Last time I asked. Will research more 😊
I'm an acounting student and this is my perspective: you shouldn't include the stocks if you are just starting to save, savings and emergency funds should be separate and you should focus on these two first. Research and study about the stocks, dividends, and other investments for 6m-1y before you start.
What rich person drinks a glass of wine filled over half way....
"Get rich in your 20s" ❌️
"Invest in your 20s all you have and get rich in your 80s" ✅️
For years I was with bank of Montreal.... then I finally opened my eyes in my late 20s and saw they where charging me $80 CAD a month for fees! I asked what was that for? They couldn't answer. I switched banks to a 0 fee bank. Bank of Montreal could of cared less to lose me.
Something tells me this man is responsible for the disappearance of Mh370
4-5 months of expenses is unreal when most people make fuck all