How To Become A Millionaire On A Low Income

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  • Опубліковано 21 лис 2024

КОМЕНТАРІ • 857

  • @jparada04061
    @jparada04061 8 місяців тому +451

    But, I don’t want to die a millionaire, I want to live a millionaire.

    • @AndreiJikh
      @AndreiJikh  8 місяців тому +201

      Millionaires don't become millionaires by living like....millionaires.

    • @irelpiomercado3478
      @irelpiomercado3478 8 місяців тому +22

      @@AndreiJikh dang bars

    • @alvaro93364
      @alvaro93364 7 місяців тому +10

      You will never be a millionaire with that mindset, so you might as well give up. Or change your way of thinking

    • @novaricos
      @novaricos 7 місяців тому +6

      when you live conspicuosly like a millionaire,
      you'll have all sorts of 'friends' and relatives (you never knew you had)
      and strangers, thinking that you should fund all their fun and lifestyles too
      (and then abandon you when it comes time to 'pay the piper' and your money and credit run out, then they'll be on to the next sucker!)

    • @theautomomma6750
      @theautomomma6750 7 місяців тому +1

      😂

  • @yashjanuha2704
    @yashjanuha2704 Місяць тому +529

    The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance

    • @InsightMemes
      @InsightMemes 20 днів тому +3

      The fact that nobody cares about the book whispers of manifestation (AI written) on borlest speaks volumes about how people are avoiding getting thrown into a trance.

    • @louisinese
      @louisinese 6 днів тому

      @@InsightMemes Average Doge W

  • @tavtaverner5886
    @tavtaverner5886 8 місяців тому +29

    No ads, no selling something, just the straight-up truth. Thanks for that Andrei! It's all about time management. Unfortunately, "youth is wasted on the young" and often we are not able to appreciate this at the age in life when investing should start.

  • @shanep2760
    @shanep2760 8 місяців тому +131

    Congrats on hitting $1mil!! I just hit $100k in my my 401k a couple months ago.

    • @arh1234
      @arh1234 8 місяців тому +4

      Well done! You're starting to get some real momentum

    • @dean4125
      @dean4125 8 місяців тому +6

      i hit 100k a year ago. turning 42 this year

    • @plutonicresilience
      @plutonicresilience 7 місяців тому +1

      Congrats!

    • @AndreiJikh
      @AndreiJikh  7 місяців тому +9

      Congrats!! I hope you celebrated and got some pizza!

    • @jedimastertrije6351
      @jedimastertrije6351 7 місяців тому

      Ah yes the famous company pizza party because they can afford a raise​@AndreiJikh

  • @xiphoid2011
    @xiphoid2011 8 місяців тому +105

    This is at the center of Asian mentality -- long term planning. My parents came to the US in the late 80s as dirt poor graduate school students, graduated in early 90s. Saved half of their paychecks (which admittedly is upper middle class being PhDs) and invested in the 401k and diversified portfolio, took early retirement mid 2010s. Less than 25 years worked, total net worth almost $4 mil. Power of compounding is very powerful, but the savings habit is just as important. The low savings rate in America is the main reason why most Americans can't afford to maintain the same life style during retirement.

    • @Dgnmuse
      @Dgnmuse 8 місяців тому +9

      I’d say it’s also lack of education and awareness on money. The average American isn’t set up to even have opportunities to invest. Especially those who are in low income and then struggling to find any work or support their parents at 14-18. Then you add in scams and MLM companies and it’s tough.

  • @redwhiteandtruth
    @redwhiteandtruth 8 місяців тому +43

    The video should be titled: How to become a elderly millionaire. From my understanding, compound interest is most beneficial when you invest in your early 20's.

  • @Kfdgj
    @Kfdgj 8 місяців тому +69

    Are we going to glance over the fact that they never spent any money that they invested so basically it was scrimping and being frugal your whole entire entire life to give the money to people you don’t know

  • @Steve_Takes
    @Steve_Takes 8 місяців тому +579

    "All you have to do" = 65 Years 😂😂

    • @chozen_juan
      @chozen_juan 8 місяців тому +38

      it take about 50 years to get to 2mill and by the time 50 years passes inflation will have set in so heavy that 2mill will equate to around 300k. Might as well just spend your money on the things you like.

    • @DannyBrooks1
      @DannyBrooks1 8 місяців тому +21

      The sooner you start the better. Compound interest is your best financial friend.

    • @charlesjohnson7458
      @charlesjohnson7458 8 місяців тому +1

      ikr

    • @RightFootForward11
      @RightFootForward11 8 місяців тому +7

      That time is going to pass anyway

    • @DamianBadalamenti
      @DamianBadalamenti 8 місяців тому +11

      ​@@chozen_juanStocks stay ahead of inflation

  • @ramu9877
    @ramu9877 8 місяців тому +67

    Best UA-camr only UA-camr doesn’t sell anything and doesn’t push anything honest. Anyone could do it safely and regardless of how old you are.

  • @roamingalone5226
    @roamingalone5226 8 місяців тому +250

    I feel sad for the old folks who were so frugal and died with millions left behind. I would never want to be the one like that. Life is short work hard play harder.

    • @Willis-de5hx
      @Willis-de5hx 8 місяців тому +50

      They lived the life they wanted ... Only person who is sad is you .

    • @Atrus999
      @Atrus999 8 місяців тому +12

      @@Willis-de5hx You don't know that.

    • @HoldDaMayo
      @HoldDaMayo 8 місяців тому +4

      1000% agree

    • @Willis-de5hx
      @Willis-de5hx 8 місяців тому +10

      @@Atrus999 actually I knew a few old people that lived that life .. major Penny pinchers ... But they had all the money they could ever want and need and they still had that mindset to save money to live that cheap life but they never struggled... And when they passed away they literally left all the money to their Church they had no family family members left to leave the money to. Definitely dad but it happens...

    • @Atrus999
      @Atrus999 8 місяців тому +4

      @@Willis-de5hx I never said it never happened, what I said was you don't know that they lived the life they wanted.

  • @jolseywales
    @jolseywales 8 місяців тому +49

    To all us entitled individuals. Andrei, this was a very (and very important) necessary video. Thank you for making us aware. Now no one cannot say they were never told when they're old and destitute.

  • @WealthbuilderzTV
    @WealthbuilderzTV 8 місяців тому +35

    Your magic tricks are definitely attention-getting. Love the video from start to end. Great information.

  • @dominiquetheeasyminimalist
    @dominiquetheeasyminimalist 8 місяців тому +325

    Stay single, no family, kids or friends, eat rice and beans, wear the same t-shirt for 40 years, live like a hermit, and in 75 years give all you own. My Dream Life, how fulfilling it is to be a multi millionaire when you die 🙄

    • @curtfromcanada6988
      @curtfromcanada6988 8 місяців тому +23

      Savers enjoy saving money. Financial Freedom is worth more than spending a million dollars.

    • @lolu5334
      @lolu5334 8 місяців тому +27

      ​@@curtfromcanada6988not when ur dead😂

    • @yousifyounan6579
      @yousifyounan6579 8 місяців тому +19

      Answer is to spend less than what you make while you enjoy your life. Could be saving up for a rental property and increasing your income through that. Or having a side just a high paying job.
      It's not hard to be in the middle. Just don't be the extreme of saving everything and the extreme of being heavily In debt on debt

    • @jux3283
      @jux3283 8 місяців тому +16

      ​@@lolu5334 Thats so dumb, materialism wont mean anything when youre dead either

    • @jux3283
      @jux3283 8 місяців тому +14

      OK then stay poor

  • @Anamnesis
    @Anamnesis 8 місяців тому +780

    answer: live rent free, steal food, and don't buy anything for the rest of your life 👍

    • @AndreiJikh
      @AndreiJikh  8 місяців тому +230

      Aladdin?

    • @Anamnesis
      @Anamnesis 8 місяців тому +64

      @@AndreiJikh essentially, yes ... and I'm sure our Jasmine will come along any day now

    • @rohitd98
      @rohitd98 8 місяців тому +17

      This is still feasible in modern day house hack & shop lift😂

    • @PatriesPosse
      @PatriesPosse 8 місяців тому +15

      Looking homeless at my favorite coffeeshop is not really my thing

    • @MarioMaresSr
      @MarioMaresSr 8 місяців тому +23

      I got the rent free part. I live in my trailer with a solar system and free water from the city😊

  • @kevinjrleahy6371
    @kevinjrleahy6371 8 місяців тому +10

    A divi millionaire!!!!🎉🎉🎉
    Congrats Andrei. Watched your journey from the beginning and I appreciate what you do for the personal finance community! Genuinely entertaining and educational, every time.
    Inspirational.

  • @dhyde9207
    @dhyde9207 8 місяців тому +89

    Given enough time, anyone can do this. But, some of us are way past the point where we have enough time left.

    • @briano8173
      @briano8173 8 місяців тому +9

      This is my issue. I've only been investing on my own for a couple years but I don't have 30-50 years. Unless by some miracle...

    • @Karen.c.h
      @Karen.c.h 8 місяців тому +3

      Exactly. What is the advice for his parents?

    • @ZidaneSteiner
      @ZidaneSteiner 8 місяців тому +9

      Then you either accept the reality that you will never become a millionaire. Or you take a lot more risks.

    • @FIR2031
      @FIR2031 8 місяців тому +2

      Do you have kids? Make sure they don't make the same mistake and start early

    • @briano8173
      @briano8173 8 місяців тому

      @@FIR2031 and don't forget that you can have them as beneficiary.

  • @KristinaKage
    @KristinaKage 8 місяців тому +16

    I think people are missing the point here. You don’t have to live as frugal as the people he mentioned. He’s showing every day people that became multi millionaires. He said if you invest $600/month you’ll get there if you start early enough. Never did he mention not enjoying your life. Just living below your means.

    • @purpleprincess8998
      @purpleprincess8998 8 місяців тому +4

      EXACTLY.

    • @AndreiJikh
      @AndreiJikh  8 місяців тому +7

      Yep! Not surprised. If this message resonated with people, most Americans would be on track to a good retirement. Unfortunately that's not the case

    • @donaldlyons17
      @donaldlyons17 8 місяців тому +1

      @@AndreiJikh You mean if they lived on 90% , 75% or 50% their incomes like you most likely did at points "most Americans would be on track to a good retirement" Dude you can't be non aware of this issue because as YOU HAVE MADE MORE YOU COULD ALSO REACH HIGHER NUMBERS FASTER!!!!

  • @Atrus999
    @Atrus999 8 місяців тому +71

    Congratulations on your $1 million! I'll catch up to you one day. 😂

  • @ExpensivePizza
    @ExpensivePizza 8 місяців тому +8

    When I was younger I used to dismiss these videos as stupid. Who wants to wait 65 years to become rich?
    But the missing piece of the puzzle Andrei didn't mention is all the benefits you get along the way. Owning valuable things reduces your stress and anxiety, improves your credit rating, allows you to borrow against your assets, means you have something to leave your children, gives you the freedom to consider retiring early, changes your time preference from short term to long term and makes you more attractive.
    Don't underestimate the power of compounding. It's not about the destination.

  • @frankthedentalhygienist6699
    @frankthedentalhygienist6699 8 місяців тому +9

    Congratulations!!! Have been following for a few years now. So excited for you!!

  • @alln5739
    @alln5739 8 місяців тому +10

    Love your light hearted care free disposition. Thanks for sharing.

  • @purpleprincess8998
    @purpleprincess8998 8 місяців тому +8

    Thank you for this Andrei. I LOVE how you think of, care about and work to help the ‘common man.’ God Bless You!✨

  • @SangTalksMoney
    @SangTalksMoney 8 місяців тому +11

    This video gives a lot of hope, Andrei!!

  • @dorkin_aint_easy
    @dorkin_aint_easy 7 місяців тому +13

    I'll have enough money to enjoy life, right at the end of my life when I'm too old to enjoy life.. Wonderful.

  • @VanGoghGlobetrotter
    @VanGoghGlobetrotter 8 місяців тому +8

    I love these inspirational stories of regular people achieving such amazing things! 😊

  • @dahizzy7010
    @dahizzy7010 8 місяців тому +13

    Thank you for showing the truth 🔥🙌🏻

  • @beyourbest2824
    @beyourbest2824 7 місяців тому +4

    This should be a lesson for 5th graders, and should be repeated throughout all their studies… start investing as soon as you get any money, stop looking at the shoes, the cars, etc… build wealth and help your future generations to continue building on top of it…

  • @Steve-mp7by
    @Steve-mp7by 8 місяців тому +14

    I flip burgers at McDonald's for $20 an hour. I'm on my way to financial freedom

    • @jomccaughey6531
      @jomccaughey6531 8 місяців тому +3

      That's all you need! 😸 - No joke.

    • @alln5739
      @alln5739 8 місяців тому +6

      Same. 58 years old. Just started this year. 40k net worth.
      Start with 401k. Then Roth IRA. Eat scraps at work and invest every paycheck.👊

    • @alandfaraway552
      @alandfaraway552 8 місяців тому

      Your money is theirs lolololol😂. Funny guy Andre

    • @summerbreeze5115
      @summerbreeze5115 8 місяців тому

      ​@@alln5739
      58?
      What have you been doing all these yrs?

  • @ZakiSalem-zh5gr
    @ZakiSalem-zh5gr 8 місяців тому +9

    The answer is to save, invest, and have wealthy parents who give you a small loan of a million dollhairs 😊

  • @cryptowire
    @cryptowire 8 місяців тому +5

    Make your Money Work For you

  • @DoubleFaceReal
    @DoubleFaceReal 8 місяців тому +45

    whats the point of getting rich when you cant even spend it...

    • @laundrygoddess4
      @laundrygoddess4 8 місяців тому +4

      Who said you can't? The examples choose not to but they could have

    • @curtfromcanada6988
      @curtfromcanada6988 8 місяців тому +5

      Financial Freedom. The Freedom to do what you want when you want to do it. Help who you want when you want if you want. Fancy trinkets and gadgets and impressing people are not important to frugal people.

    • @Mr_Sandman-s3q
      @Mr_Sandman-s3q 8 місяців тому +8

      @devsimplified, your comment is what rich people call “poor mentality”. Rich people use their assets to generate what’s called passive income, while they appreciate in value, they also produce consistent income. They use their consistent income to fund their lives, while their assets appreciate in value over time. That’s how you get rich and get to spend money. Might want to educate yourself

    • @PaullHutchh
      @PaullHutchh 8 місяців тому +8

      When people say they want a million dollars, what they really mean is "I want to spend a million dollars"

    • @jhoncena1111
      @jhoncena1111 8 місяців тому

      You can spend. Just wait until you have at least a acpuple of million

  • @couloir1
    @couloir1 8 місяців тому +3

    This video was one of my favorite from Andrei. So good.

  • @JethiyaCG
    @JethiyaCG 8 місяців тому +8

    Hey Andrei thank you for the video

  • @emilsvensson6831
    @emilsvensson6831 8 місяців тому +12

    Buy bitcoin for 15 years every month, the hardest asset ever

    • @Ethan-Schmidt
      @Ethan-Schmidt 8 місяців тому

      Every month for 15 years?

    • @motopolak
      @motopolak 8 місяців тому +1

      Long live BTC.

    • @V-ns7iy
      @V-ns7iy 3 місяці тому

      It wasn't really sold by anyone early on.. People were giving it away for basically free, like filling a text captcha, such a missed opportunity.

  • @fildyb
    @fildyb 8 місяців тому +2

    As usual we need to understand, Andrei made his fortune because he found his passion and started a youtube channel. If you want the same million he just achieved, find your obsession and make a youtube channel talking about it.

  • @heyitsdae
    @heyitsdae 8 місяців тому +7

    "Your money is theirs = the IRS"... theIRS.. mind blown

  • @Antiprogressivepraxis
    @Antiprogressivepraxis 8 місяців тому +3

    DCAing baby!

  • @mr.c5411
    @mr.c5411 8 місяців тому +3

    Another great episode!! Inspiring to those of us who save like crazy. Thank you!!

  • @ivanananiev6618
    @ivanananiev6618 8 місяців тому +10

    Sure! They saved money by living below their means, probably counting every penny. In the end was it really worth it considering they lived like rats just to leave the furite for someone else? By definition, legacy is not to be enjoyed by the person who accumulated the wealth.

    • @MrJeffgonz
      @MrJeffgonz 8 місяців тому +2

      He's giving extreme examples. Save what's tolerable for you.

  • @jmyname8290
    @jmyname8290 8 місяців тому +3

    this was a great episode Andrei! love the perspectives and the numbers

  • @AB-vm1mf
    @AB-vm1mf 8 місяців тому +5

    Congrats on your million portfolio I’ve been following you when your portfolio was at 180k congrats man 👏

  • @alexobariase1273
    @alexobariase1273 8 місяців тому +4

    Best youtuber! Well detailed and concise

  • @getstuffexplained
    @getstuffexplained 8 місяців тому +21

    First! Liked Andrei. And I wish also a nice day everyone who is reading this ❤

  • @MJLGEE
    @MJLGEE 7 місяців тому +1

    Andrei - you’re awesome! Congrats!

  • @kristofffo
    @kristofffo 8 місяців тому +3

    There is no point in living like a begger only for the sake of dying as a millionaire.Undeniably, saving makes more sense than taking on debt :)

    • @cryora
      @cryora 8 місяців тому

      You also have to have a stable career for all the time, which is less likely today with all the random layoffs due to economy downturns.

  • @choboruin
    @choboruin 8 місяців тому +2

    How To Become A Millionaire, make videos about how to make money, selling people the dream.

  • @timbytyqi
    @timbytyqi 8 місяців тому +3

    Congrats on hitting the 1m mark on your Robinhood account! Iv been following for a while and I can imagine how much this means to you!

  • @smegnichtlp8502
    @smegnichtlp8502 8 місяців тому +5

    buy Bitcoin 👍

  • @Kiko_C
    @Kiko_C 8 місяців тому +4

    Time, experiences and memories are priceless and way more precious than 1, 8 or 12 M after 70 years. You can build your wealth but still enjoy life...

  • @sweatynachos1422
    @sweatynachos1422 8 місяців тому +33

    Whats the point of investing all this and only to reap to benefits when ur on ur death bed tho... seems like a selfless act for your grandkids and not yourself 😢

    • @UCzDwella201
      @UCzDwella201 8 місяців тому

      Read my mind

    • @kylebanks13
      @kylebanks13 8 місяців тому +4

      Have fun working until you die because you didn't save any money for retirement. Or are we just ignoring that part?

    • @curtfromcanada6988
      @curtfromcanada6988 8 місяців тому +3

      You are looking at life through a spenders mindset, Try imagine life through a savers mindset. Frugal people enjoy being frugal. Financial freedom brings more joy to a frugal persons life than buying random things to try impress people who don't matter to that person anyways. Frugal millionaires don't care about big houses, expensive cars, private jets ect. The choice to work if you want to work or raise your grandchildren, go to the beach on a Wednesday or do whatever you want when you want to do it. Financial Freedom.

    • @camaranpayne5355
      @camaranpayne5355 8 місяців тому +3

      Stop being selfish and give your kids a future

  • @s.stewart2786
    @s.stewart2786 8 місяців тому +3

    The magic is getting elite. Soon you'll need to create an entire channel full of magic 😊

  • @MassManicMedia
    @MassManicMedia 8 місяців тому +2

    The book unshakable by Tony Robbins has a good story like this about a guy who worked a regular job at Fed ex and just put a much money into etfs as possible over the years still got married still had kids and ended retiring a millionaire

  • @ElusiveMagician
    @ElusiveMagician 8 місяців тому +2

    Congrats Andrei! Watching since 2019

  • @tiwarivikram
    @tiwarivikram 8 місяців тому

    That was one of the best videos of yours, Andre!
    You are the best! Thank guy for not trying to sell us anything. It makes you more legitimate and honest!

  • @rurfinance
    @rurfinance 8 місяців тому +2

    0:18 Key phrase: Hidden Cost on Our Wealth

  • @ifitistobeitisuptome
    @ifitistobeitisuptome 8 місяців тому +4

    Absolutely no point being the richest person in a cemetary!!!

  • @grandacres427
    @grandacres427 8 місяців тому +1

    i stopped by for the MAGIC 🤩🤩 Andrei you always Bless your viewers with Gems💎💎and your magic tricks are BOSS! may GOD Bless YOU 🙏🏽

  • @MasterZexploit
    @MasterZexploit 8 місяців тому +6

    Great vid thanks for the advice !

  • @esteven38
    @esteven38 8 місяців тому +4

    Andrei, do you have any advice for people like myself that are getting a late start in life? I’m currently investing, but at 64 years of age, I don’t see myself becoming a millionaire. Thoughts and ideas?
    Thank you.

    • @curtfromcanada6988
      @curtfromcanada6988 8 місяців тому +1

      Assuming you are debt free you can still enjoy financial freedom with less than a million dollars in retirement, Going for walks, visiting friends, playing cards, getting a library card are all essentially free. Living a frugal retirement. If you need to keep working for a couple years get a job that you actually want to do even if it doesn't pay well. If you want to travel, get a larger house, fancy car, eat at fancy restaurants all the time, drink fancy wine to impress the neighbors sadly the time for your compound interest has ended and this lifestyle might not be in the cards for you. ( I wouldn't want it anyways. )

  • @life.withhermm
    @life.withhermm 8 місяців тому +6

    We Got This Guys, Let's Start Taking Action Right Now !

  • @abdelrahmanmysara431
    @abdelrahmanmysara431 8 місяців тому +3

    or just buy bitcoin

  • @zsoltecsedi2805
    @zsoltecsedi2805 8 місяців тому +1

    I'd definitely make this video a compulsory lesson at school. So simple, so great, so true.

  • @girmaaghegnehu3184
    @girmaaghegnehu3184 8 місяців тому +4

    hi andre I like your videos my first comment

  • @RandomHubbb
    @RandomHubbb 8 місяців тому +1

    After I was able to pass beyond his monchhichi face and start taking him seriously, I got excited about what he would tell. Then I got disappointed realizing I can enjoy the thrill of having a Porsche right before i die😁

  • @FinancialShinanigan
    @FinancialShinanigan 8 місяців тому +3

    Grace and Anne must be identical twins!

  • @lengerer
    @lengerer 8 місяців тому +2

    Awesome, I'll be rich 5mins before I die

  • @SammyNdlovu1212
    @SammyNdlovu1212 2 місяці тому +2

    What l need to know is “how to become a millionaire before age 45” NOT 65😳😳

  • @Kobelovan
    @Kobelovan 7 місяців тому

    What to invest into?

  • @RedMoonRising24
    @RedMoonRising24 Місяць тому

    HANDS DOWN best explanation of compound interest I’ve ever heard 👏 and comically stated 😂

  • @GeorgeCaddy-p5g
    @GeorgeCaddy-p5g 8 місяців тому +2

    Great explanation. I started at 68 and who knows maybe I'll come close.

  • @furkanercan88
    @furkanercan88 8 місяців тому +3

    Nice content, Andrei, as always! You should definitely check out the meaning of your right-hand gesture at @14:35 among the Turks :)

  • @CollaborationNation
    @CollaborationNation 8 місяців тому

    FXAIX, FTEC, SMH, FBTC

  • @zakkrick
    @zakkrick 8 місяців тому +1

    My coworker put 30% each week to his 401k, had a million at age of 52 and retired. Now I put 20% into my 401k and head towards the right direction

  • @corpuzone
    @corpuzone 8 місяців тому +1

    I know compound interest takes time many years as we see but it’s like a long term safety net one can build. Just maintain it and keep investing go automatic to auto transfer from a bank account and forget it.

  • @dannydiaz2
    @dannydiaz2 8 місяців тому +3

    Congrats on reaching $1M 🎊🎉💯😎✌️
    Can you consider making a "Road to $1M Timeline" video? 👀 Things you did, why you chose those investment(s), wins/losses, and what you learned along the way? 📈

  • @johnny_blades
    @johnny_blades 8 місяців тому +1

    Live life and save money!
    It's kind of like walking and chewing gum at the same time. 🙂

  • @rawlvee
    @rawlvee 8 місяців тому +2

    I love you Andrei

  • @PlanetKaosIRL
    @PlanetKaosIRL 8 місяців тому

    Come for magic stay for the finance 😅, great video as always 🎉

  • @skreddy0440
    @skreddy0440 8 місяців тому +1

    thank you andrei, i am from india

  • @jinferno3454
    @jinferno3454 8 місяців тому +2

    Nice video. I'll be showing to my kids.

  • @boomn216
    @boomn216 8 місяців тому +1

    Is it safe to trust Robinhood with that much money?

  • @EDW4RD249
    @EDW4RD249 8 місяців тому +2

    0:27 I NEED to learn that!

  • @AtizaJuanita
    @AtizaJuanita 8 місяців тому +20

    Can't wait to become a millionaire at 70 years old, if I even live that long. I'm so down to live miserably for the next 50 years so that I can enjoy my last 10-15 years. Makes sense.

    • @kylebanks13
      @kylebanks13 8 місяців тому +10

      Have fun working until you die because you didn't save any money for retirement.

    • @bigcauc7530
      @bigcauc7530 8 місяців тому +4

      ​@@kylebanks13 not only that, but I don't see how people can't think of future generations having that money. Treat yourself occasionally, sure. Enjoy it but don't blow it. My one desire is to pass on inheritance that will make my kids lives easier, so they can relax and do better than I did, so they can continue to pass on the wealth and build it generationally and hopefully have enough one day to do something that will make a positive difference in the world.

    • @ipodtouch470
      @ipodtouch470 8 місяців тому +1

      Its worse to be in your 60s with not a single cent.

    • @NWforager
      @NWforager 8 місяців тому

      @@bigcauc7530 this is called a Legacy Trust .

    • @rayr6278
      @rayr6278 8 місяців тому +1

      The issue here is your mentality.
      You think saving is living in misery. That you absolutely need those few hundreds every month to enjoy life.
      I have a 2k foldable phone, just dropped 2k last month on a motorcycle, still manage to save at least 10k a year from a 40k job. I can buy anything I want without going in debt, and I'm happy with my life. I just make the right sacrifices, I'd rather live in a Tesla on a plot of land than pay over 40% of my paycheck on rent, so I always find a good deal, or get roommates, or even pay rent to live in my parents house if the option is available. And I have hundreds of thousands invested. I just absolutely refuse to waste money on rent, the same way you refuse to save.

  • @forevergogo
    @forevergogo 3 місяці тому +2

    Imagine having $625 a month extra to play with on stonks.
    I work too hard and won't live to be 60, the life expectancy is going down and the age to retire is going up.
    All this debt has been piled on our country in the past 50 years to the point its about to collapse.
    And the Boomers are going to retire, enjoy their golden years cruising and living in their big homes, voting for open borders and the end of the world as we know it to either AI job replacement or nuclear war, and then call all the younger generations 'lazy, entitled, spoiled' and when their fat wad of 2~ million runs dry because they're living to be 95+ they're going to be irked to find medicare and social security have run dry and their kids are all dying one after the other from work exhaustion and a lifetime of poor diet.

  • @roneiarnold828
    @roneiarnold828 8 місяців тому +2

    Great content, as expected. Please, kee it up. Cheers

  • @TheGreatTomDix
    @TheGreatTomDix 8 місяців тому +3

    ALL YOU HAVE TO DO is say all you have to to do! Then anyone who disagrees is holding themselves back and doesn’t understand compound interest!😂😂😂

    • @donaldlyons17
      @donaldlyons17 8 місяців тому +1

      Yeah such CR*P He knows better because he knows his numbers which he is slow to tell all us!!! But consider this having mindset people watch the video might bring in more dollars than having people who ask hard questions and don't watch.

  • @jemiinimusic
    @jemiinimusic 7 місяців тому +4

    I just feel sad that these people saved all this money but died never seeing it or enjoying it. I think this is why the "spend it while I got it" group is so big. I assume the best balanced answer is between the two.

  • @oliverallen5324
    @oliverallen5324 8 місяців тому +1

    This begs a very different question. These people didn’t have families, they didn’t use their money and ultimately it was all donated to strangers. Why should be follow these people? I appreciate the steady nickel and the need to save. I’m a student of Dave Ramsey. These particular examples don’t illustrate a life people want, one with a house & a family, however small.

  • @DannyBrooks1
    @DannyBrooks1 8 місяців тому +2

    Unfortunately, most will spend everything they make and complain about being poor. They also are believers in universal basic income.

    • @AndreiJikh
      @AndreiJikh  8 місяців тому +1

      the comment section is statistical proof of that, fascinating!

  • @Maha-Shakti
    @Maha-Shakti 5 місяців тому

    Congrats!!! ✊️😎
    Great money gags!

  • @spelahorjak4595
    @spelahorjak4595 8 місяців тому +2

    Where’s the part where you actually get to enjoy your money?

  • @sourenasahraian2055
    @sourenasahraian2055 8 місяців тому +1

    These lessons and examples are basically drawn from a faily small book of “psychology of money” by Morgan Housel if anybody is interested

  • @Kinghuncho31
    @Kinghuncho31 8 місяців тому +2

    Great video

  • @d02575575
    @d02575575 8 місяців тому +2

    Another fantastic video

  • @farsthary1984
    @farsthary1984 8 місяців тому +3

    love your videos

  • @Assassin_bot1487
    @Assassin_bot1487 8 місяців тому +1

    Congrats 🎉

  • @bonestock
    @bonestock 8 місяців тому +1

    THEIRS 🤯

  • @devpro712
    @devpro712 8 місяців тому +5

    65 years ??? lol people live average 70 - 80 years what's the point ok if you wanna leave some money for your kids that's a good idea

    • @LowkeyXxx
      @LowkeyXxx 7 місяців тому

      Everyone can be a millionaire if they can live 500 yrs😂

  • @PlanetKaosIRL
    @PlanetKaosIRL 8 місяців тому

    I swear Andrei only makes videos to show off his little magic tricks 😂

  • @jdhuh1
    @jdhuh1 8 місяців тому +2

    Happy Friday everyone!