In my 20-45 I drove a used cars and I had a honda accord . My friend always had the newest car ever two years(leased). I’m retired at the age of 48, traveling, driving my paid off Benz and that same friend who is older is still working 😮. Every tip you mention is 💯 true!
The investing, owning your home and vehicle without payments is an amazing feeling, even if it isn't ideal. Your future self will thank you. Cheers, Steve!
You must have money to earn money. All of these suggestions are wise. To have a HYSA, CD, Roth IRA, TBA and purchasing assets, cost money. Most are struggling to make ends meet. So focus on skills, education, trade skills and entrepreneurship options that can be scaled, to e😊nhance your value in the market.
I drove my 2006 Mustang from 19- 35😂, and It was definitely a game changer. I still have the car, too. Just got an Acoord.I even drove it throughout my 10 years in the military. By doing that and house hacking, I was able to save up way more than expected
I have fear of breaking down at a critical time. Buying a used car comes with unknown issues. I cook, clean my own house, don’t do food deliveries and I even color my hair and nails, but my indulgence is a new and not used car.
I feel the same way! I work 55 miles from home so I purchased a new 2015 Honda Civic. It now has 265,000 miles on it. When it plays out, I’m going for another new one just like it……..
Hi Steve. What is the safest way to automate monthly bills? I've been automating my utility billing/car & mortgage payments onto my credit card. Then I just make a monthly credit payment. I don't know if this is the best formula.
Hi, why do you think people would have investments with vanguard, fidelity and Schwab as oppose to only using one broker such as fidelity for all their investment needs?
That's a fact! I drive paid off used cars and keep them until they can't drive anymore. I spend my money traveling the world enjoying customs, cultures and cuisines. Staying out of debt is Freedom! And allows your choice.
I’m stumped between studying economics, finance, and accounting. been thinking of double majoring but I dont know which of the three to pick. Any help would be really helpful!
@@CalltoLeap honestly sir, I don’t know yet exactly but I want to be financially free enough that I can provide for my family (my mom, brother and sister) and can travel wherever and whenever I want. I’m willing to take all the risks considering I’m still relatively young. I’m also a football athlete and I’m very passionate about it but I know that the pay is VERY VERY low for professional football players here in my country (Philippines). Thank you for replying sir. I have learned a lot with your videos. Thank you.
You mentioned utilizing a Roth IRA as a strategy for building wealth and potentially becoming a millionaire by retirement. However, what would you recommend for someone aiming to reach millionaire status before retirement? Do you have any insights or strategies on accelerating wealth accumulation to achieve that goal more quickly?
Buying a house is a big step, but it’s not something I typically cover because of all the intricacies involved. I’d recommend consulting with a real estate agent for expert guidance 👍
I have a company matched 401 k. They match 50% of my 5% contribution. Is this better than a Roth IRA? I’m not sure I know the different benefits between the two.
My financial advisor recommends matching your company contributions first, then maxing Roth ira after. Then if you still have money left over, you can contribute more to 401k
So dumb question maybe you can answer or someone In the chat can help. If I have two accounts one with Schwab and one with fidelity and yearly I can only invest 7000 do I need to split that in the accounts or can I put 7k in both accounts ?
Hi Steve, I’m really enjoying your video. My husband and I join return tax, do we can contribute Roth IRA $8000 for each person, we are over 50 yrs old. Thanks.
Why sacrifice your youth to secure your old age? Shouldn't you enjoy life's experiences now, instead of waiting until you're too old to fully appreciate them? Drive the car you've always wanted, take that dream vacation, and live life to the fullest.
I agree with you, however many don't need a nice car or vacation to be happy. In those cases, might as well manage your finances well so you can have f u money in the future haha. But yeah with how unpredictable life is i do agree, if a spend is gonna make a notable positive difference in your life, do it. If not, investing for the future doesn't hurt.
Yupp having no car payments is an awesome feeling for sure. I've had the same car since 2004.
Nothing wrong with a 20 yr old car if it isn't a hazzard to the general public and isnt a money pit.
Yup thx Toyota haha.
@@mitch5944 Celica, 4Runner, Avalon, Rav4 Prime - a Camry Hybrid could be our next car.
and a Leaf, & Outback
In my 20-45 I drove a used cars and I had a honda accord . My friend always had the newest car ever two years(leased). I’m retired at the age of 48, traveling, driving my paid off Benz and that same friend who is older is still working 😮. Every tip you mention is 💯 true!
I love this! 🙌🏻
Ye lol I'd say buying nice cars before you have $$$$ is one of the worst things you can financially do period lol.
The investing, owning your home and vehicle without payments is an amazing feeling, even if it isn't ideal. Your future self will thank you. Cheers, Steve!
Honda Civic, 2018 paid for and 43.7 MPG life is great! Thank you for your videos!!
That is awesome!
You must have money to earn money. All of these suggestions are wise. To have a HYSA, CD, Roth IRA, TBA and purchasing assets, cost money. Most are struggling to make ends meet. So focus on skills, education, trade skills and entrepreneurship options that can be scaled, to e😊nhance your value in the market.
Absolutely! Focus on high-income first and funnel the capital into these other vehicles.
Invest
So Steve what is your strategy for selling covered calls when your stock takes a big hit? Thanks.
Thanks for watching!My digit should displayed on your notification bar
I’m driving around in a 2003 Honda accord! Been in the family for over 20 hrs! Good car!
I'm driving a 2000 Honda Accord as well speak I smile when I ride by a new car broke down on the side of the road
W with the meal prepping. So many people think fast food is cheaper than meal prep somehow lol.
Hi Steve, I am really enjoying your content and learning a lot. Are you able to provide a one on one coaching session?
Can you invest in vanguard and Schwab with a Fidelity account or do you need accounts set up with each of them ?
I drove my 2006 Mustang from 19- 35😂, and It was definitely a game changer. I still have the car, too. Just got an Acoord.I even drove it throughout my 10 years in the military. By doing that and house hacking, I was able to save up way more than expected
Yes! I love the house hacking too!
2015 Honda Civic with 265,000 miles. GOTTA LOVE IT!
Used cars are almost the same price as a new car these days. I buy new and reliable at a cheap price and drive them until they drop a far better plan.
We buy almost new and drive them for 150k miles - do my own maintenance, shops will introduce problems to gain buisness.
I have fear of breaking down at a critical time. Buying a used car comes with unknown issues. I cook, clean my own house, don’t do food deliveries and I even color my hair and nails, but my indulgence is a new and not used car.
I feel the same way! I work 55 miles from home so I purchased a new 2015 Honda Civic. It now has 265,000 miles on it. When it plays out, I’m going for another new one just like it……..
Hi Steve. What is the safest way to automate monthly bills? I've been automating my utility billing/car & mortgage payments onto my credit card. Then I just make a monthly credit payment. I don't know if this is the best formula.
I wish you could help teach everyone thanks for your big heart❤❤
What is the best self directed Roth IRA company to use
Can you do a video explaining more on how you or someone can create the tutoring classes you did?
Hi, why do you think people would have investments with vanguard, fidelity and Schwab as oppose to only using one broker such as fidelity for all their investment needs?
2011 Toyota Prius $6000. No payments!
I love the feeling of having no payments 🙂
That's a fact! I drive paid off used cars and keep them until they can't drive anymore. I spend my money traveling the world enjoying customs, cultures and cuisines. Staying out of debt is Freedom! And allows your choice.
I’m stumped between studying economics, finance, and accounting. been thinking of double majoring but I dont know which of the three to pick. Any help would be really helpful!
Go to finance, a lot of millionaires are from finance.
What’s your goal? What would you like to see your life as in the next 5, 10 years?
@@CalltoLeap honestly sir, I don’t know yet exactly but I want to be financially free enough that I can provide for my family (my mom, brother and sister) and can travel wherever and whenever I want. I’m willing to take all the risks considering I’m still relatively young. I’m also a football athlete and I’m very passionate about it but I know that the pay is VERY VERY low for professional football players here in my country (Philippines). Thank you for replying sir. I have learned a lot with your videos. Thank you.
i want to work for myself but ofcourse I need to work first and gain experience and connections
Hi Steve I have a question for you my friend. So I am 42 years old and I already have 3.4k parked in a CD. Would I really need Bonds?
You mentioned utilizing a Roth IRA as a strategy for building wealth and potentially becoming a millionaire by retirement. However, what would you recommend for someone aiming to reach millionaire status before retirement? Do you have any insights or strategies on accelerating wealth accumulation to achieve that goal more quickly?
I would focus on building high-income skills and minimizing expenses as much as possible. Invest the margin. 👍
Can you show as how to open Roth IRA please if you show us that be helpful thanks for sharing.
❤❤❤❤❤
🙂
Is it possible to activate translation for non-English speakers?
You can change your own subtitles.
Can you help discuss how to buy a house?
Buying a house is a big step, but it’s not something I typically cover because of all the intricacies involved. I’d recommend consulting with a real estate agent for expert guidance 👍
I have a company matched 401 k. They match 50% of my 5% contribution. Is this better than a Roth IRA? I’m not sure I know the different benefits between the two.
My financial advisor recommends matching your company contributions first, then maxing Roth ira after. Then if you still have money left over, you can contribute more to 401k
So dumb question maybe you can answer or someone In the chat can help. If I have two accounts one with Schwab and one with fidelity and yearly I can only invest 7000 do I need to split that in the accounts or can I put 7k in both accounts ?
$7k total
@@mattsellers1925 thanks Matt
Yes 7k total so 3.5k in Schwab and 3.5k in Fidelity.
@@Fadi-hl8oxthank you
@@marksegura8563 no problem bud
最高素晴らしいかった👍👏💯
👍
Hi Steve, I’m really enjoying your video. My husband and I join return tax, do we can contribute Roth IRA $8000 for each person, we are over 50 yrs old. Thanks.
Invest
Hallelujah!!! I’m favored and blessed with $60,000 every week! Now I can afford anything and also support the work of God and the church.
How can I build a hundred thousand dollars in a year's time
Learn how to take calculated RISK
Learn different investing strategies 👍
Start with two hundred thousand dollars and invest in a meme stock! In no time you will hit 100K!
Get a job worth 120k a year.. and focus your budge
Why sacrifice your youth to secure your old age? Shouldn't you enjoy life's experiences now, instead of waiting until you're too old to fully appreciate them? Drive the car you've always wanted, take that dream vacation, and live life to the fullest.
I agree with you, however many don't need a nice car or vacation to be happy. In those cases, might as well manage your finances well so you can have f u money in the future haha.
But yeah with how unpredictable life is i do agree, if a spend is gonna make a notable positive difference in your life, do it. If not, investing for the future doesn't hurt.
❤❤❤