3 things that helped me and literally changed my life 1. I stopped telling myself I'll do it tomorrow 2. I read books on nixorus 3. I had faith and religion.
Diversification is the secret to optimal performance to make good income. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
The strategies are tough for the everyday person. They are mainly executed successfully by professionals who have a considerable amount of skill and knowledge to execute such trades.
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $235K to $850K, despite inflation.
This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with proper portfolio allocation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Teresa L. Athas” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1M
Rebecca Noblett Roberts is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
1. Grow the gap (the difference between what you earn and what you spend) 2. Invest the gap. 3. Repeat step 1 and 2. Well taught priceless steps to financial freedom 👏
Alot of the millionaires are heirs, real self made millionaires are investors. And there is nothing like luck, but taking risk and timing included and you need some education. To become a millionaire by yourself should not be a goal because it's just out of reach. I pray that anyone who reads this will be successful in life too
@@roccovito4157 You are right, you've remind me of what someone once said " The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I have been waxing strong financially and I must say that investment is the key that can secure your future
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Most people miss it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.
Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them before I start bothering about retirement.
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I've been regretting not investing in stocks all this time, but I'm still grateful for having kept my money in the money market. With around $200k maturing soon, I'm planning to invest in the stock market. As a newbie looking to safely grow my money, what stocks should I consider?
You should look at energy stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..
Why is no one talking about the banned book Master of Digital Business? It exposes 10 online business ideas that beginners can easily use to make serious money. Trust me, this is no ordinary book. The secrets in it are so powerful, it was removed from all major platforms.
*Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..*
As an investment enthusiast, I often wonder how top level investors are able to become millionaires of investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, Etfs etc It is important to seek the advice of an expert.
Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 10 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I stumbled on this and out of curiosity i looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor,Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Investors of your age can afford to wait for the ''Bull market'' and see your investments grow, but little is discussed on these or other videos on YT about investing for pensioners like me (68) who are already in receipt of state and workplace pensions. Where should I invest, yielding good returns this year? I have my funds ready, but where to go? Or take the bank's 12 month guaranteed bonds at 4.75% and skip the market?
In pretty crazy times i strongly advice you seek a market pundit's support in order to reduce permanent loss of capital or portfolio overall volatility. it might sound basic or generic but its a wonderful way of getting started because they provide tailored advice on securities to focus on.
@@liambracey6708 That’s true Investment-Advisers are best known to outperform the index thereby yielding good returns. A new study by investopedia found out that demand for Portfolio-Managers sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. My portfolio has accrued over $645k within 18months from an initially stagnant portfolio worth $83K which was devoid of dividend stocks.
@@aubreymcgovern9467 For Some their fees are way too high, seeing that their services are in high demand more than ever. Seems more like extortion to me nevertheless who’s your Investment-Adviser and how can I contact him/her? because I'm seeking for a more effective investment approach with little to no risk or loss or whatsoever.
@@mialangley2388 The Investment-Adviser cum Portfolio-Manager i went with is "'LISA ELLEN SHAW"' who is Fully verified by the SEC. She's most interested in educating potential clients, building relationships and learning potential clients' goals for investing. She serve her clients and celebrate their success. she's popular and has quite a following, so it shouldn't be a hassle to find her, just look her up using her fullname.
@@aubreymcgovern9467 Thanks for this mate. Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message. So, hopefully she replies soon.
As a middle class citizen seeking a stable finance, I saved 10k last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing in the stock market because it has been rather rewarding.
It’s not rocket science. As I said previously, I save up and got into stocks myself but wasn't profitable the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
@@Willycheng590 While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.
Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
I have a different issue as I’ve been watching videos on UA-cam to help guide me through my investment journey but I keep making huge losses. Can Jonas help me?
For me the biggest mindset change came after reading the book 25 Money Secrets From Donald Trump, since reading it the only thing I think about is money
Trump is no financial expert. Multiple bankrupt, ripped off contractors, embarrassed and failed businessman. I would not take any of his advice if you want to be able to sleep easily at night.
I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm glad I learnt early in life to work hard for financial freedom
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Instead telling me to simply "save more", someone once told me to "pay yourself first". It's a slight shift of framing the thought but it landed so well with me in my 20s. When I get money from a job, I'm going to pay myself first, divert 10% into investments/emergency savings and then I can think about paying other people for stuff I want/need. I know it's the same thing but just telling me to save didn't seem to have the same impact.
It is different because now you invest and then have the pressure to pay the bills. But in the other case when you pay bills first there remains no pressure to invest and usually that left money gets spent in luxury stuff to get comfort after paying the bills
Yeah this is so true. I always make fun of my friends for paying Apple, Samsung BMW, Infiniti, Ray Bans, etc. Why you making them rich? You like them better than yourself?
Great, I'll tell my landlord, "Sorry you don't get rent from me this month because I am paying myself first." I am certain that will work out just fine.
Every crash/collapse/recession provides an equal market opportunity if you are properly prepared and knowledgeable. I've seen people amass up to $600,000 during crises and even with ease in a bad economy. Someone has undoubtedly become extremely wealthy as a result of the crash.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
@@DavidsDefelices I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@RodericksCurrys That’s grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though.
@@ThomasesLaceys Finding financial advisors like Ruth Ann Kalage who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@RodericksCurrys Thanks for sharing, I just looked her up on the web and I would say she has an impressive background in investing. I will write her an email shortly.
Every choice you make comes with a trade off , you can afford anything but not everything. You can have that thing but not an endless series of "ands" First principle thinking - getting to the root - person Values , what matters most Trunk of tree - the philosophy of life what type of life you want to live Stems, objective or goals Branches - Strategies on how to obtain those goals Leaves - Tactics and products FI- financial independence Potential passive income- money that comes to you through sleeping through investing . You can make decisions without a sweat Achieving financial independence Grow the gap - grow the gap between what you earn and what you spend -two ways to increase the gap . Earn more or spend less or both Invest the gap. Everyone should aim and invest 20% of your income or increase your savings rate by 1% Repeat - this is a lifetime practice money management happens for life
I was terrible with money. Not only did I have bad spending habits but I also believed money was the “root of all evil.” It was a very negative mindset to have. Around 5 years ago I started focusing on saving, making more money, investing a portion and most importantly.. not having an emotional attachment to money. In reality money is just a numbers game. Some people get lucky. Some people know how to manage their money better than others. Many people don’t. Money is a tool to get you the necessities and possibly the things you want! Don’t overthink it. Cutting back on expenses is difficult and pretty damn boring. But having a nice savings account, small to moderate sized investments and money in your checking account is way less stressful than having little to no $. I’ve been broke.. it ain’t fun. Step by step. You’ll get there!
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Probably can't say much, *John Desmond Heppolette* is the advisor that oversees my portfolio. he's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find him on the web.
It's remarkable to have faith in someone who can consistently deliver profits under a circumstances, and they never disappoint. I trust *John Desmond Heppolette,* implicitly, and since trading with him, it's been nothing but victories...
Paula's perspective on growing the gap between earnings and spending is so simple yet profound. But what really resonated was the historical context she provided - reminding us that volatility and change have always been constants. It's not about fearing the future but using that fear as motivation. The 20% savings goal is a solid benchmark, but her emphasis on intentionality in life is the real gem. It's not just about money; it's about crafting a life with purpose. Thanks for this, truly a wake-up call! 💡💰
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
It's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
I agree, that's the more reason I prefer my day to day invst decisions being guided by a invst-advisor, seeing that their entire skill set is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invst-coach for over 2years+ and I've netted over $900K.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
She goes by 'Julia Hope Marble ''. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle growing my finance, but so glad I did!!
Thank you for sharing, I must say, Julia appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met KATRINA VANRENSUM , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
Agreed. Just not the best time to invest in stocks. Invest in tools, skills, and networking. Invest in yourself right now. Invest in others when the time is right.
The truth no one tells you about money is, money can't buy you happiness (this is a fact) but it doesn't mean money doesn't create an avenue for you to have the time to experience happiness. Every retired person actually enjoying their money experiences life in a way you can't understand. They wake up when they feel like, they spend more time with their families, they are more actively involved in their children or grandchildren's lives. I'm going to achieve this level of comfort and peace of mind and it can only come from financial security. i'm currently working on a perfect retirement plan with my FA Olivia rene reyes and in 10 years i'd retire and make up for all the times i lost when my kids were young. wish me luck!
Glad to see someone being honest about money, lots of people talk about it but no one really gives good advice on the matter, this is really refreshing
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Don't look for the next Meta, it's a needle in the haystack. Warren Buffet has been in the stock market for 60 years and he admits that he has no idea how the market will behave the next day, what make you think anyone can? If you are asking this question, I assume you do not want to spend too much effort learning to be a full-time investor. In that case, just buy good ETFs and forget about becoming the next billionaire.
Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan..
After 40 years of picking and choosing stocks, finally worked out it was most efficient to put everything into a reliable global wide based ETF and hold for long term.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)
I lost mine through my investment even since i don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with Julia Hope Marble , and she's really good.
I recently sold some of my long-term positions and am now sitting on around $250k; do you think Nvidia is a decent buy right now, or have I missed out on a critical buying period? Any solid stock recommendations on fantastic performing stocks would be greatly appreciated.
Based on my own experience working with an investment advisor, I currently have $1 million in a well-diversified portfolio that has grown exponentially. It takes more than just money to invest in stocks; you must also be knowledgeable, persistent, and have strong hands.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
“LAURELYN GROSS POHLMEIER ’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
After a nightmarish 2022, shell-shocked investors have losses to recoup and plenty to ponder, as an inflation report and a raft of other data did little to change expectations that the Federal Reserve would likely continue hiking intrest rates even if the economy slows down, Which means more red ink for portfolios for the first quarter of year 2023. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $250k bond/stocck portfolio
I only had to type her name into Google to find her webpage. It seems intriguing thus far. I'll call her on the date we agreed upon, and I'll let you know how it went. Thanks
I don’t comfortably throw recommendations of her on the internet God she’s brilliant her skills are set exceptionally .Thank you Amelia Jason I’m sure there’re also good people who excel in their field ! .
Financial literacy and wealth creation need to be taught and taken more seriously the gap example is simple to comprehend and execute. I love the fact she mentions it is important to understand the reason why someone used to overspend. Growing up in a overconsumption society does not help but through critical thinking and sincere reflection, those bad habits can be stopped for the greater good.
@@kasdimfer5156 Consumerism and credit are fine. Overconsumerism and getting credit for the wrong reasons are part of the problem. Plus, the majority of capitalists are out numbered by "regular" people who simply want to live happily but without this financial education and somewhat introspection.. The problem will last. Capitalism is fine to some extent, I believe we simply need to update it to a more conscious level.
Nah they will never integrate this essential knowledges early in the formal education because the whole system will crumble without a working class. They need people living paycheck to paycheck buying into the standard rat race dream of getting into 25 years mortgage, 6 years car loans, along with lower class people drowning in credit card debt.
Invest in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!
@@EvanQuiel4 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management
@@martinerJuhel1 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management
@@EvanQuiel4 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management
Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..
It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.
I have turned over more than half MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.
Found his website easily. It was like the first thing that came up when I searched his name. I'll surely touch basis with him to see what the best step is for me to take right now. THANK YOU!!!
If I were to reduce my watch later list of youtube videos to 1 this piece would be the last one standing . So much wisdom packed without wasting a second .
Opportunity Cost, is the only useful concept that I learned during all my 4 years of college, and quite literally, the only thing that I remember from those days.
And it applies to everything. One’s relationships, time, work, health, exercise, sex, and any other endeavor. Including reading, researching, and listening. It’s not only an economic concept in my opinion.
Interesting stuff here. There's a book that Vicki Robins wrote called "Your Money or Your Life" that has similar elements, but think of your spending as using up your life energy. Convert your salary (after taxes) into hours worked, and then view all purchases as the # of hours you need to work to afford it, and then decide if it's worth it. That helps to frame your perspective on spending and hopefully helps keep your expenses down. That car which costs me one year of my life, is it worth it?
How about some eastern european reality, like a flat I want to buy would cost about 62 years of my life, which happens to point well beyond the life expectancy in the country. Good luck saving when your full time job brings home just enough to pay your bills and eat, to a point where any unexpected expenses instantly throw you to destitution. Being clever with your money is only an option if you have something beyond self preservation to be clever with. At less lucky part of the word it's not the question of what else you can deny from yourself, but how could you get more because you already denied everything beside basic necessities.
@@CraftyF0X Can you change the game? That is, you are sustenance living. Your choices are making more, spending less, or switching the playing board. If you cannot do either of the 1st two, then can you change the playing board?
America is done. All signs suggest that 2023 will be a year of severe economic pain all over the nation. Put those money to work now to make it grow. I knew I had to invest. I didn't think a few Thousand dollars a month would add up. But it is. From 2020 to date, I have made around $600,000
Investing could seem easy, but choosing the right stock without a tested plan might be difficult. For the longest time, I've been attempting to grow my $210,000 portfolio, but the largest obstacle is the absence of a well-defined entrance and exit strategy. On this subject, any input would be really appreciated.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q1 2025.
''JULIANNE IWERSEN NIEMANN'' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
If you don't find a means of multiplying your money, you will wake up one day and realize that the money you thought you had, had been exhausted. Investment is a ladder to climb the financial wall.
Recognize every choice has trade-offs to better manage resources 0:00:00 Understand money invites critical thinking and prioritization 0:05 Embrace that managing money is akin to managing life 0:41 Focus on core values before considering financial tactics or products 1:03 Reframe financial independence to appreciate its value beyond money 2:30 Acknowledge financial independence provides freedom and choice 3:08 Start financial independence journey by growing the income-expense gap 3:50 Aim to save and invest at least 20% of income for financial growth 4:31 Adopt money management as a lifelong practice, not a quick fix 5:06 Use fear of global volatility as motivation for intentional living 6:04
Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
There are numerous opportunities to produce high returns, particularly in this poor market, but such sophisticated transactions can only be carried out by seasoned market professionals.
@@ethanxavier4507 I absolutely agree, which is why I prefer to delegate my everyday investment decisions to an investment coach. Given their specialized expertise and study, as well as the fact that every one of their skills is aimed at leveraging risk for its asymmetrical potential and managing it as a buffer against certain poor turns, it is practically impossible for them to underperform. I've been working with an investment coach for over two years and have made over $250,000...
@@arturomateo That's something I've been considering. I've been keeping a lot of stocks, but they're losing value, and I'm not sure if I should keep them or sell them. I believe that engaging your investing coach would assist me in reorganizing my portfolio.
@@gabrielaethan4092 Susan Lorraine Curry's website can be located via a search engine. But I'm not sure I'm allowed to bring it up. In 2020, she drew a lot of attention. She manages my portfolio and coaches me.
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better.
As hard as it may sound you can plan for the recession, if you are working, find extra work and get an investment advisor. Protect your deposit y having cash in short term fixed income. Then cut your expenses, minimal insurance, cut utilities.
@@CharlotteJackson-me9ew I think the current market might give Opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skiIIed practitioner.
@@vitalitymessage4407 Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.
@@MathiasManon Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
@@vitalitymessage4407 She's a reputabIe-tutor who showed me that prof!ts can be produced in both buII and downtuirn markets. She taIks about lnvesting, lnsurance, making sure your retirenent is weII-funded, and searching for methods to creat a voIatiIity buffer for lnvestment risc, among other topics.
I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
It's been so rough for me trading on my own because I have had much losses. Think the real market is manipulated. Please can anyone help me out or tell me what I'm doing wrong
@@xibalbaNOW I worked three part-time jobs to put myself through college and graduated with no debt. Life isn’t always easy but anyone willing to can find a way. At least half of it depends on the choices we make.
@@thewb8329 in an age of wage stagnation, wealth hoarding, weakened unions, tax inequality, chronic corporate greed, cycles of economic collapse, and a new rising billionaire class, people struggling to survive isn’t simply weakness. But tell yourself whatever you need to hear
Good video. Alternatively, perhaps you think you’ve been doing all the right things but you still haven’t quite figured out how to use the Law of Attraction to get money. You need to be positive to actually attract things you want. The law of attraction is one thing, having the belief that you can actually attract what you want. Belief is key to everything we do in life. Everything we do in life comes with planning. I’m not here to convince anybody about anything..
Anything you want to be great at, will take you’re absolute focus. It’s better to be a master at whatever it is you’re working at, than to be a jack of all trades that has mastered nothing.
The first step to success, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
John Desmond Heppolette has been a significant step in my financial life journey, providing valuable knowledge, actionable advice, and motivational content. His supportive community has boosted my confidence, work engagement and has inspired me to strive for excellence. His assistance is a secret weapon for great financial growth, and his online presence is a must-see for anyone looking to improve their financial situation.
Needed to see this today, struggling with my finances for years now after my divorce, I just discovered his outstanding resume when I made a google research of his full names online. He appears smart and well proficient. I count it a blessing that i came across this comment section..
Maybe nearer the mark, "Being _unable_ to make money." Everything she says in this video is contingent on the assumption that any given person is capable of working and saving money, and that's obviously not the case.
Their videos are so high quality, learning aside, it's pure aesthetic joy just watching them. The fonts are so beautiful too! wonder which ones they are.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
In a perspective that has less to do with personal finance, but broader socio-economic context the following three quotes about money can highlight some important aspects: - "Basicly money = debt" - "The money isn't gone, it just belongs to somebody else." - "Nobody wants money... everybody wants what money can buy."
exactamente, si no encuentras la manera de multiplicar tu dinero, un día te despertarás y te darás cuenta de que el dinero que creías tener, se había agotado. La inversión es una escalera para escalar el muro financiero.
You are right, imagine working for 40yrs only to have $1m in your retirement, while some people are putting just $10k in a meme coin for just few months and become multi millionaires. if you don't invest, you're missing out on opportunities to increase your financial status
@@evelyhwar-jf5zgwow,I love your ideas because financial stability and wealth is someone ability to convert earned income into massive profit to build generational wealth.
saying reduce your tax payments is like saying cut Medicare, Medicaid, unemployment, libraries, schools. the more logical answer would be to say to get corps to pay their fair share of taxes. so THE PEOPLE can stop subsidizing corps through bailouts.
Watching this after reading Debt by David Graeber and the dawn of everything by David Graeber and David Wengrow just shows how narrow some of the answers we are presented with really are. Why are we not bold enough to change a failed system. The truest definition of madness.
Putting well-earned money into the stock market can't be over emphasised for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me?
If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you for educating people on the resource of money. The tree illustration with the roots and branches is John 15:1-10, as a children of God. I learned through tithing that living your values is where true riches are.
I agree with a lot of the things mentioned, I'm just not so sure about the idea of using fear as a motivator... People tend to make poor, rash and irrational decisions when they only use fear as a motivator. - Yes fear can be utilized, but it must be accompanied with rational thinking and good planning.
One of the most stunning things I learned about modern economies is that money is created out of thin air when someone takes out a loan and goes into debt. I was well into my forties when I learned this about modern money. At first I did not believe it and it is certainly not what I was taught about money in my younger days. The money is created by entering numbers into the borrower’s account when the borrower takes out the loan. As the loan is paid back, the money that was created for the loan is eliminated and no longer exists, but the bank or financial institution that created the money gets to keep the interest that was paid. So, the more debt there is, the more money there is and the more interest that is paid to the bank. Modern money is mostly about getting governments, corporations, businesses and people into debt and there is also quite a bit of smoke and mirrors involved. On the international level, debt has been used as a tool to gain power, status and influence over other countries for centuries. In the past century, the US perfected this technique. In the 21st century, China and some other countries have also learned this trick. The idea is to keep the borrowers continuously in debt so they can continuously keep paying interest to the “lenders”. The joke is that the money given out for the loans that make up this debt does not exist. It is basically a “fake loan” and to make the joke even better, to get a loan like this, most of us including governments of other countries have to put up some collateral, so if you default, they can take ownership of your collateral. So basically, they get whatever collateral you put up for free and with no risk since the money they “lent” you did not exist. Supposedly, this has been determined to be a legitimate way to do business! This is how the US has been able to be the dominant player in the world economy but is now being challenged. The Gross Domestic Product (GDP) represents the size of the economy which is the amount of money the economy is worth. When the economy is continuously growing, the GDP is also continually growing. Similar to any addiction, more and more borrowing is needed to have the same effect on economic growth. When the government debt starts to become greater than the value of the Gross Domestic Product (GDP), technically it will no longer be possible to pay back the government debt. If it continues, the buying power of money will start to be significantly reduced and if the government debt starts to become several more times higher than the GDP, the money and financial systems will probably collapse. If this happens, the system is reset and the cycle is repeated. During the run up there will be some good times but, after the reset, times will probably not be good and war is also a possibility. This cycle has been repeated continuously throughout history from the Chinese Dynasties to the Roman Empire to Germany after World War One and to Argentina, Venezuela and to many African and Asian nations in the 21st century. Not sure if the US can avoid this cycle. If they can, they would be the first. The idea and thinking that the economy always has to grow for there to be innovation, progress and prosperity may be a problem on a finite planet with limited resources and the focus now needs to be on sustainability not on growth! Presently if the economy is not growing, it is considered a failure. This type of thinking cannot go on uninterrupted on a finite planet with finite resources. There needs to be flexibility in the system for the economy to expand and contract and for a contraction to be considered normal and not a problem or a failure. The contraction needs to be just as prosperous and productive as the expansion. For this type of thinking to work, there needs to be some new economic theories and models developed along with some new types of money and financial systems based on economic sustainability not on economic growth and money inflation. I am sure there will be some Nobel prizes awarded to the academics, economists, corporate CEO's and business leaders and of course politicians and government officials that can figure out how to make a sustainable economy work and how not to devalue the nation’s money in the process. The way this can begin and improve peace and fairness at the same time is when our business, government and academic leaders along with our wealthiest and brightest and smartest among us and this would include people making UA-cam videos can learn to be much more truthful, honest and trustworthy and learn how not to be greedy and learn how not to become corrupt and along with a majority of us can start to understand that the wellbeing and happiness of others benefits everyone and is the bases for morality.
Yes, in total makeover book, I read Dave Ramsey explaining how in fact debt only makes the bank rich. Now I also sense that if it was not possible to borrow money from the bank to buy a single home, homes would be at least 20 to 40% cheaper.
10 Take a home message: 1. Introduction to the concept of trade-offs and limited resources: - Every choice involves trade-offs; money is a limited resource, and the same applies to time, focus, energy, and attention. 2. Importance of managing money effectively: - Managing money well is equivalent to managing life effectively. 3. First-principles thinking for money management: - When asking about money management, focus on first-principles thinking, starting with values, philosophy, goals, strategies, and then tactics/products. 4. Reframing personal finance as financial independence (FI): - Reframe personal finance as financial independence (FI) for a more appealing perspective. - FI is achieved when potential passive income covers basic expenses, providing freedom and choices. 5. Three steps to achieve FI: - Grow the gap (increase the difference between income and expenses). - Invest the gap. - Repeat the process over a lifetime. 6. Strategies to grow the gap: - To grow the gap, increase income or reduce spending. - Address psychological issues related to spending. 7. Saving and investing for FI: - Aim to save and invest at least 20% of income, including debt payments, retirement savings, investments, and an emergency fund. - Gradually increase the savings rate to reach the target percentage. 8. FI for everyone and individual circumstances: - Pursuing FI is for everyone, and the initial steps vary based on individual circumstances. 9. Embracing the volatility of the world and using fear as motivation: - Embrace the volatility of the world and use fear as motivation to make wise decisions about money, time, and effort. 10. Building an intentional life for joy and fulfillment: - Building an intentional life brings joy and fulfillment.
MY 2 CENTS: The tactic that has worked for me in the past 5 years is understanding that money is a game of debt and credit. If we remove one of the 2, Money DOES NOT EXIST. So How does one have enough for everything (which probably goes against the knowledge shared in this video)? I've taught myself Skills to get MORE credit than Debt and so far the best way to do that is putting others into MONTHLY DEBT (Yup sounds wrong but the benefits have left me with somewhat a healthy passive cashflow) and in today's world there's billion ways to put people into Monthly debt through a Subscription based Business Model, such as online teaching or real estate.
I have a problem from the root. I find it difficult to comprehend about money especially that I wasn't taught and my parents weren't wise with money. I love when she said "I'm obsessed in saving money".... I do too feel obsessed but lack the will to do it.
So theres 2 business opportunities I want to start and want to focus on one for the next 3 months and then start the other. I want to do both but cant decide which to do first. I think this videos answered my question! Sales or AI, looks like I need to perfect my sales skills first as the root before embarking on other business opportunities.
Macroeconomically, that is, as a society, we can afford anything we can build. Microeconomically, as individuals, it is absolutely false that everyone can have anything but everything. The way capitalism is structured, within and across societies, does not allow everyone to have anything, let alone everything; in that last bit, she's absolutely correct. And no matter how hard people who are in some situation try, they will never be able to escape the poverty trap. Otherwise, the video is quite good.
This has been a very educational take on about money. I wish more UA-camrs take the time to create quality content like this. Thank you for sharing this take. Keep it up!
3 things that helped me and literally changed my life
1. I stopped telling myself I'll do it tomorrow
2. I read books on nixorus
3. I had faith and religion.
had or have faith?
@@aNYHwatchlist I had faith when I needed it the most, but of course, one should always have faith!
Diversification is the secret to optimal performance to make good income. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
The strategies are tough for the everyday person. They are mainly executed successfully by professionals who have a considerable amount of skill and knowledge to execute such trades.
Many folks overlook the importance of advisors until their emotions cause them problems. I recall a few summers ago, after my lengthy divorce, I needed support to keep my business going. I searched for licensed advisors and found someone extremely qualified. She helped grow my reserve from $235K to $850K, despite inflation.
This is definitely worth considering! Do you have any recommendations for professionals or advisors I could speak with? I really need help with proper portfolio allocation.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Teresa L. Athas” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1M
That does make a lot of sense. Unlike us, you seem to have the Market figured out. Who is this consultant?
Rebecca Noblett Roberts is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website. Thank you for sharing.
1. Grow the gap (the difference between what you earn and what you spend)
2. Invest the gap.
3. Repeat step 1 and 2.
Well taught priceless steps to financial freedom 👏
Thank you bro
My gap goes the other way.
@@d3j4v00 i feel you bro
Alot of the millionaires are heirs, real self made millionaires are investors. And there is nothing like luck, but taking risk and timing included and you need some education. To become a millionaire by yourself should not be a goal because it's just out of reach. I pray that anyone who reads this will be successful in life too
@@roccovito4157 You are right, you've remind me of what someone once said " The mind is the man, the poor is in it and the rich is it too". This sentence is the secret of most successful investors. I have been waxing strong financially and I must say that investment is the key that can secure your future
The #1 money mistake most people make is not making enough money. Thank you for attending my TedTalk
Yes, it's about creating more value for society - not just "saving" for saving sake.
Hahahah 👍
Mo money mo problems
Aaaaahhhh.... That's where I screwed up.
Many people work multiple jobs and still don't make enough money to get by.
It's surprising how under the radar the book Matrix Golden Cashflow Tactics is. If you're curious, It is definitely worth a look.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Impressive can you share more info?
Credits to 'Carol Vivian Constable' she has a web presence, so you can simply
Most people miss it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?
Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.
Please could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them before I start bothering about retirement.
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
I've been regretting not investing in stocks all this time, but I'm still grateful for having kept my money in the money market. With around $200k maturing soon, I'm planning to invest in the stock market. As a newbie looking to safely grow my money, what stocks should I consider?
You should look at energy stocks , they look to be the biggest beneficiaries of AI and Data centers , also DCAing into a good ETF too ...Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
It's wise to stay proactive and diversify assets to manage risks during uncertain times. I’ve delegated my financial management to a consultant after facing a major downturn in late 2019 during the COVID outbreak. Today, I'm semi-retired and about 25% short of my $1 million retirement target after making additional contributions.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfoIlo allocation
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII..
Why is no one talking about the banned book Master of Digital Business? It exposes 10 online business ideas that beginners can easily use to make serious money. Trust me, this is no ordinary book. The secrets in it are so powerful, it was removed from all major platforms.
Do you have a pdf copy?
Bruh, AI bot
@@BwanaMatayo I also tried to find a copy but only have the original on Borlest.
*Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..*
Elizabeth Greenhunts
get to her with the name
As an investment enthusiast, I often wonder how top level investors are able to become millionaires of investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, Etfs etc It is important to seek the advice of an expert.
Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 10 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
My CFA ‘Grace Adams Cook’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I stumbled on this and out of curiosity i looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor,Financial management is a vital subject that many avoid, often leading to future regrets.
Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $500K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this. I'll send her an email, and I hope I'm able to make something out of it.
Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.
After reading your insights, I researched her full name and found her online webpage. Thanks for your help.
the other positive routine is that you should make sure you are born rich
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000
Mind if I ask you to recommend this particular coach you using their service?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Investors of your age can afford to wait for the ''Bull market'' and see your investments grow, but little is discussed on these or other videos on YT about investing for pensioners like me (68) who are already in receipt of state and workplace pensions. Where should I invest, yielding good returns this year? I have my funds ready, but where to go? Or take the bank's 12 month guaranteed bonds at 4.75% and skip the market?
In pretty crazy times i strongly advice you seek a market pundit's support in order to reduce permanent loss of capital or portfolio overall volatility. it might sound basic or generic but its a wonderful way of getting started because they provide tailored advice on securities to focus on.
@@liambracey6708 That’s true Investment-Advisers are best known to outperform the index thereby yielding good returns. A new study by investopedia found out that demand for Portfolio-Managers sky-rocketed by over 41.8% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. My portfolio has accrued over $645k within 18months from an initially stagnant portfolio worth $83K which was devoid of dividend stocks.
@@aubreymcgovern9467 For Some their fees are way too high, seeing that their services are in high demand more than ever. Seems more like extortion to me nevertheless who’s your Investment-Adviser and how can I contact him/her? because I'm seeking for a more effective investment approach with little to no risk or loss or whatsoever.
@@mialangley2388 The Investment-Adviser cum Portfolio-Manager i went with is "'LISA ELLEN SHAW"' who is Fully verified by the SEC. She's most interested in educating potential clients, building relationships and learning potential clients' goals for investing. She serve her clients and celebrate their success. she's popular and has quite a following, so it shouldn't be a hassle to find her, just look her up using her fullname.
@@aubreymcgovern9467 Thanks for this mate. Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message. So, hopefully she replies soon.
As a middle class citizen seeking a stable finance, I saved 10k last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing in the stock market because it has been rather rewarding.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
It’s not rocket science. As I said previously, I save up and got into stocks myself but wasn't profitable the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
@@Willycheng590 While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.
Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
I have a different issue as I’ve been watching videos on UA-cam to help guide me through my investment journey but I keep making huge losses. Can Jonas help me?
For me the biggest mindset change came after reading the book 25 Money Secrets From Donald Trump, since reading it the only thing I think about is money
Trump is no financial expert. Multiple bankrupt, ripped off contractors, embarrassed and failed businessman. I would not take any of his advice if you want to be able to sleep easily at night.
Is that a how to book to file for bankruptcy?
Seems like a rather sad and empty state of mind😢
I love how you take your time to educate your viewers we all strive towards financial stability and a better Life. It is easy to achieve this through the right investment, by living frugally and budgeting. I'm glad I learnt early in life to work hard for financial freedom
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
Considering the prevailing economic climate, I recommend seeking a mentor or a knowledgeable advisor who can provide guidance and support.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Instead telling me to simply "save more", someone once told me to "pay yourself first". It's a slight shift of framing the thought but it landed so well with me in my 20s. When I get money from a job, I'm going to pay myself first, divert 10% into investments/emergency savings and then I can think about paying other people for stuff I want/need. I know it's the same thing but just telling me to save didn't seem to have the same impact.
👏
It is different because now you invest and then have the pressure to pay the bills. But in the other case when you pay bills first there remains no pressure to invest and usually that left money gets spent in luxury stuff to get comfort after paying the bills
Yeah this is so true. I always make fun of my friends for paying Apple, Samsung BMW, Infiniti, Ray Bans, etc. Why you making them rich? You like them better than yourself?
God level thought process. ❤
Great, I'll tell my landlord, "Sorry you don't get rent from me this month because I am paying myself first." I am certain that will work out just fine.
Every crash/collapse/recession provides an equal market opportunity if you are properly prepared and knowledgeable. I've seen people amass up to $600,000 during crises and even with ease in a bad economy. Someone has undoubtedly become extremely wealthy as a result of the crash.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
@@DavidsDefelices I agree. Based on personal experience working with an investment advisor, I currently have $480k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
@@RodericksCurrys That’s grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though.
@@ThomasesLaceys Finding financial advisors like Ruth Ann Kalage who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@@RodericksCurrys Thanks for sharing, I just looked her up on the web and I would say she has an impressive background in investing. I will write her an email shortly.
Every choice you make comes with a trade off , you can afford anything but not everything. You can have that thing but not an endless series of "ands"
First principle thinking - getting to the root - person Values , what matters most
Trunk of tree - the philosophy of life what type of life you want to live
Stems, objective or goals
Branches - Strategies on how to obtain those goals
Leaves - Tactics and products
FI- financial independence
Potential passive income- money that comes to you through sleeping through investing . You can make decisions without a sweat
Achieving financial independence
Grow the gap - grow the gap between what you earn and what you spend
-two ways to increase the gap . Earn more or spend less or both
Invest the gap. Everyone should aim and invest 20% of your income or increase your savings rate by 1%
Repeat - this is a lifetime practice money management happens for life
The fact that nobody talks about the forbidden book The Mystic Labyrinth on Vexoner speaks volumes about how people are stuck in a trance
Bot
I was terrible with money. Not only did I have bad spending habits but I also believed money was the “root of all evil.” It was a very negative mindset to have. Around 5 years ago I started focusing on saving, making more money, investing a portion and most importantly.. not having an emotional attachment to money. In reality money is just a numbers game. Some people get lucky. Some people know how to manage their money better than others. Many people don’t. Money is a tool to get you the necessities and possibly the things you want! Don’t overthink it. Cutting back on expenses is difficult and pretty damn boring. But having a nice savings account, small to moderate sized investments and money in your checking account is way less stressful than having little to no $. I’ve been broke.. it ain’t fun. Step by step. You’ll get there!
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $485k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
I've actually been looking into advisors lately, the news I've been seeing in the market hasn't been so encouraging. who's the person guiding you?
Probably can't say much, *John Desmond Heppolette* is the advisor that oversees my portfolio. he's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find him on the web.
It's remarkable to have faith in someone who can consistently deliver profits under a circumstances, and they never disappoint. I trust *John Desmond Heppolette,* implicitly, and since trading with him, it's been nothing but victories...
She just summarized;
(1) The Richest Man in babylon
(2) Rich dad Poor Dad
(3) and a host of related books.
Awesome 👌🏽👍🏽👏🏽👏🏽
I came to write that comment. Spot on!
Why would you need a book for this?
I was just going to comment that she just summarized the book The Richest Man in Babylon.
@@mtspiedra 😀
Paula's perspective on growing the gap between earnings and spending is so simple yet profound. But what really resonated was the historical context she provided - reminding us that volatility and change have always been constants. It's not about fearing the future but using that fear as motivation. The 20% savings goal is a solid benchmark, but her emphasis on intentionality in life is the real gem. It's not just about money; it's about crafting a life with purpose. Thanks for this, truly a wake-up call! 💡💰
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
It's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
I agree, that's the more reason I prefer my day to day invst decisions being guided by a invst-advisor, seeing that their entire skill set is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invst-coach for over 2years+ and I've netted over $900K.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
She goes by 'Julia Hope Marble ''. I choose to delegate my excesses to her because of her great expertise. I suggest you look her up. To be honest, almost didn't buy the idea of letting someone handle growing my finance, but so glad I did!!
Thank you for sharing, I must say, Julia appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met KATRINA VANRENSUM , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
Search her name on the web you will see all you need to know about her.
Thanks for the info . Found her website and it really impressive
Agreed. Just not the best time to invest in stocks. Invest in tools, skills, and networking. Invest in yourself right now. Invest in others when the time is right.
The truth no one tells you about money is, money can't buy you happiness (this is a fact) but it doesn't mean money doesn't create an avenue for you to have the time to experience happiness. Every retired person actually enjoying their money experiences life in a way you can't understand. They wake up when they feel like, they spend more time with their families, they are more actively involved in their children or grandchildren's lives. I'm going to achieve this level of comfort and peace of mind and it can only come from financial security. i'm currently working on a perfect retirement plan with my FA Olivia rene reyes and in 10 years i'd retire and make up for all the times i lost when my kids were young. wish me luck!
i'm happy there are lots of people doing so well...Love this channel for the transparency
out of curiosity I did read about Olivia Rene Reyes on the web, she has a great resume
Glad to see someone being honest about money, lots of people talk about it but no one really gives good advice on the matter, this is really refreshing
Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply
Please note that these commenters are bots and the person named probably isn't real either. Stay safe!
You can do anything you want, you just can't do everything you want. Life is about choices.
Well put👍
Oppurtunitity cost
Umm there are laws. You can’t do anything you want.
@@chowsquid law can’t stop you from doing whatever you want. They can only try stop you from doing it again in the future.
I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, looking for companies to make additions to boost performance
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I'm in dire need for one.
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Don't look for the next Meta, it's a needle in the haystack. Warren Buffet has been in the stock market for 60 years and he admits that he has no idea how the market will behave the next day, what make you think anyone can?
If you are asking this question, I assume you do not want to spend too much effort learning to be a full-time investor. In that case, just buy good ETFs and forget about becoming the next billionaire.
‘’Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off."
Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying
Sounds like plan, how do you put money to work?
Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?
@@cryptocasey1083 Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.
Am hoping on you can explain more on how you make extra income from investments
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan..
lmao
After 40 years of picking and choosing stocks, finally worked out it was most efficient to put everything into a reliable global wide based ETF and hold for long term.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg
That’s crazy, I’m just doing everything wrong with my portfolio.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.
Hello, I am new when it comes to investing and i would really appreciate if I could get some tips about where it is worth to invest in (ETFs, Stocks, Growth stocks, Dividend stock etc.)
Achieving Financial Independence:
1. Grow the gap
2. Invest the gap
3. Repeat
Thank you Paula Pant for sharing these life-changing tips.
The first hundred thousand is so hard to get
I lost mine through my investment even since i don't have a full-time job; instead, I'm self-employed with a variety of sources of income. Regardless of how much money I generate each month, I maintain the same budget and adhere to my means-tested lifestyle.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with Julia Hope Marble , and she's really good.
I recently sold some of my long-term positions and am now sitting on around $250k; do you think Nvidia is a decent buy right now, or have I missed out on a critical buying period? Any solid stock recommendations on fantastic performing stocks would be greatly appreciated.
Palantir, ARM, and Nvidia are still attractive buys, but what do I know? I'm not a financial counselor lol.
Based on my own experience working with an investment advisor, I currently have $1 million in a well-diversified portfolio that has grown exponentially. It takes more than just money to invest in stocks; you must also be knowledgeable, persistent, and have strong hands.
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
“LAURELYN GROSS POHLMEIER ’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
After a nightmarish 2022, shell-shocked investors have losses to recoup and plenty to ponder, as an inflation report and a raft of other data did little to change expectations that the Federal Reserve would likely continue hiking intrest rates even if the economy slows down, Which means more red ink for portfolios for the first quarter of year 2023. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $250k bond/stocck portfolio
I only had to type her name into Google to find her webpage. It seems intriguing thus far. I'll call her on the date we agreed upon, and I'll let you know how it went. Thanks
We work for years to earn $1million on our retirement, while some people put thousands of dollars in some meme coins and they become millionaires.
Crypto is bringing a different revolution in the world of economy, people who are optimistic investors earn consistently.... other just sit and watch
People buy lottery tickets for a few cents brother, they win millions. They won’t hold on to it either.
Those same people gamble those millions away on crypto. The only get rich scheme is a slow one.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last 4months of 2023
Wow that's huge, how do you make that much monthly ?
I don’t comfortably throw recommendations of her on the internet God she’s brilliant her skills are set exceptionally .Thank you Amelia Jason I’m sure there’re also good people who excel in their field ! .
She must be really dedicated and well trusted to talk much good about... can I meet her?
she's mostly on Telegrams, using the user name.
@AmeliaJason11 💯 that’s it
After reading many self-help books in personal finances, this video encapsulates all of them in six minutes and 44 seconds. Brilliant stuff.
Financial literacy and wealth creation need to be taught and taken more seriously the gap example is simple to comprehend and execute. I love the fact she mentions it is important to understand the reason why someone used to overspend. Growing up in a overconsumption society does not help but through critical thinking and sincere reflection, those bad habits can be stopped for the greater good.
that does not suit the majority of capitalists, the whole of modern society depends on consumerism and credit.
@@kasdimfer5156 Consumerism and credit are fine. Overconsumerism and getting credit for the wrong reasons are part of the problem. Plus, the majority of capitalists are out numbered by "regular" people who simply want to live happily but without this financial education and somewhat introspection.. The problem will last. Capitalism is fine to some extent, I believe we simply need to update it to a more conscious level.
Why would the elite teach us how to grow and live independent?
Nah they will never integrate this essential knowledges early in the formal education because the whole system will crumble without a working class. They need people living paycheck to paycheck buying into the standard rat race dream of getting into 25 years mortgage, 6 years car loans, along with lower class people drowning in credit card debt.
Naval Ravikant
Invest in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!
That's great! may I ask who's your portfolio manager?
@@EvanQuiel4 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management
@@martinerJuhel1 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management
@@EvanQuiel4 I've been investing with Susan Lorraine Curry guidance for a few years and I couldn't be happier. Her company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management
@@martinerJuhel1 Hey scammer, how do I get out of scamsville?
Creating wealth and financial freedom isn't as tough as many people believe.
Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...
It is always good to have a financial plan. I work with a professional planner and fixed-income strategist in NY. The fixed income portion of your portfolio won't simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
I couldn't agree more. Taking charge of your life and putting in the hard work is the path to success. Having a portfolio manager like Mr. Samuel Peter Descovich is a game-changer. Their expertise and guidance can truly transform your financial journey. Making $35,000 in profits each month and saving 70% of that is quite impressive!They save you time and provide valuable insights that lead to impressive profits. Keep up the amazing work, and enjoy the fruits of your labor..
It’s unfortunate most people don’t have such information, I don’t really blame people who panic cos lack of information can be a big hurdle. I’ve been making more than $65k passively investing with Samuel Peter Descovich, and I don’t have to do much work. It doesn’t matter if the market is crashing, I will always make good profit returns.
I have turned over more than half
MILLION working with SAMUEL PETER DESCOVICH on a wide array of options and finally sticking to a few that have been favorable in the past 2 years.
Found his website easily. It was like the first thing that came up when I searched his name. I'll surely touch basis with him to see what the best step is for me to take right now. THANK YOU!!!
The fact that nobody talks about the forbidden book 25 Money Secrets From Donald Trump speaks volumes about how people are stuck in a trance
If I were to reduce my watch later list of youtube videos to 1 this piece would be the last one standing . So much wisdom packed without wasting a second .
Opportunity Cost, is the only useful concept that I learned during all my 4 years of college, and quite literally, the only thing that I remember from those days.
Funny you mentioned this, I feel the same way. It's a good concept that I have never forgotten.
And it applies to everything. One’s relationships, time, work, health, exercise, sex, and any other endeavor. Including reading, researching, and listening. It’s not only an economic concept in my opinion.
@@khalidalali186 exactly sir, definitely a useful concept. 👍
I have to admit, watching this talk was very resourceful. Thank you✨️
Interesting stuff here. There's a book that Vicki Robins wrote called "Your Money or Your Life" that has similar elements, but think of your spending as using up your life energy. Convert your salary (after taxes) into hours worked, and then view all purchases as the # of hours you need to work to afford it, and then decide if it's worth it. That helps to frame your perspective on spending and hopefully helps keep your expenses down. That car which costs me one year of my life, is it worth it?
How about some eastern european reality, like a flat I want to buy would cost about 62 years of my life, which happens to point well beyond the life expectancy in the country. Good luck saving when your full time job brings home just enough to pay your bills and eat, to a point where any unexpected expenses instantly throw you to destitution. Being clever with your money is only an option if you have something beyond self preservation to be clever with.
At less lucky part of the word it's not the question of what else you can deny from yourself, but how could you get more because you already denied everything beside basic necessities.
@@CraftyF0X Can you change the game? That is, you are sustenance living. Your choices are making more, spending less, or switching the playing board. If you cannot do either of the 1st two, then can you change the playing board?
@@kenm2679 I'm on it.
@@CraftyF0X There are no individual solutions to societal problems.
@@scourge6563 That is probably true, I talked about solving my problems, for now.
The way she describe is very simple and easy to remember. Thanks
America is done. All signs suggest that 2023 will be a year of severe economic pain all over the nation. Put those money to work now to make it grow. I knew I had to invest. I didn't think a few Thousand dollars a month would add up. But it is. From 2020 to date, I have made around $600,000
@Clara Lynn How can I touch base with CASEY? what are her services? is she verifiable? do you think she can help me? I live in Canada.
The most honest and practical advice on financial management.
Investing could seem easy, but choosing the right stock without a tested plan might be difficult. For the longest time, I've been attempting to grow my $210,000 portfolio, but the largest obstacle is the absence of a well-defined entrance and exit strategy. On this subject, any input would be really appreciated.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q1 2025.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve financial goals.
''JULIANNE IWERSEN NIEMANN'' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
> Roots: what matters the most - values
> Trunk: Philosophy of life & goals
> Branches: Strategy
> Leaves: Tactics/ products
If you don't find a means of multiplying your money, you will wake up one day and realize that the money you thought you had, had been exhausted. Investment is a ladder to climb the financial wall.
You are absolutely right 👍
@Andrew Robert cryptocurrency investment, but you will need a professional guide on that.
Facebook 👇
Evelyn C. Sanders
Telgrm ✍️
Recognize every choice has trade-offs to better manage resources 0:00:00
Understand money invites critical thinking and prioritization 0:05
Embrace that managing money is akin to managing life 0:41
Focus on core values before considering financial tactics or products 1:03
Reframe financial independence to appreciate its value beyond money 2:30
Acknowledge financial independence provides freedom and choice 3:08
Start financial independence journey by growing the income-expense gap 3:50
Aim to save and invest at least 20% of income for financial growth 4:31
Adopt money management as a lifelong practice, not a quick fix 5:06
Use fear of global volatility as motivation for intentional living 6:04
Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
There are numerous opportunities to produce high returns, particularly in this poor market, but such sophisticated transactions can only be carried out by seasoned market professionals.
@@nobertheck I suggest that you look for a mentor or knowledgeable advisor, particularly in light of the current economic climate.
@@ethanxavier4507 I absolutely agree, which is why I prefer to delegate my everyday investment decisions to an investment coach. Given their specialized expertise and study, as well as the fact that every one of their skills is aimed at leveraging risk for its asymmetrical potential and managing it as a buffer against certain poor turns, it is practically impossible for them to underperform. I've been working with an investment coach for over two years and have made over $250,000...
@@arturomateo That's something I've been considering. I've been keeping a lot of stocks, but they're losing value, and I'm not sure if I should keep them or sell them. I believe that engaging your investing coach would assist me in reorganizing my portfolio.
@@gabrielaethan4092 Susan Lorraine Curry's website can be located via a search engine. But I'm not sure I'm allowed to bring it up. In 2020, she drew a lot of attention. She manages my portfolio and coaches me.
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better.
As hard as it may sound you can plan for the recession, if you are working, find extra work and get an investment advisor. Protect your deposit y having cash in short term fixed income. Then cut your expenses, minimal insurance, cut utilities.
@@CharlotteJackson-me9ew I think the current market might give Opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skiIIed practitioner.
@@vitalitymessage4407 Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.
@@MathiasManon Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
@@vitalitymessage4407 She's a reputabIe-tutor who showed me that prof!ts can be produced in both buII and downtuirn markets. She taIks about lnvesting, lnsurance, making sure your retirenent is weII-funded, and searching for methods to creat a voIatiIity buffer for lnvestment risc, among other topics.
This channel brings the people who really know what they are talking about.
One of the best and accurate approach to money was defined!
I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.
wow that's stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
It's been so rough for me trading on my own because I have had much losses. Think the real market is manipulated. Please can anyone help me out or tell me what I'm doing wrong
Watching this video was one of the most smartest decision i've made
Its living within your means despite your income level which is something most people don’t do.
Most of us don’t receive wages commensurate with the work. Period
@@xibalbaNOW I worked three part-time jobs to put myself through college and graduated with no debt. Life isn’t always easy but anyone willing to can find a way. At least half of it depends on the choices we make.
@@thewb8329 ah you’re one of those bootstraps folks just cos it worked for you eh? You look foolish calling everyone else lazy, pal
@@xibalbaNOW I guess if you want to take the “I’m helpless” stance then you reap what you sow.
@@thewb8329 in an age of wage stagnation, wealth hoarding, weakened unions, tax inequality, chronic corporate greed, cycles of economic collapse, and a new rising billionaire class, people struggling to survive isn’t simply weakness. But tell yourself whatever you need to hear
The biggest positive thinking I've made in the past 5 years stems from this channel and this episode is a prime example. 👌 you guys are awesome 💯
Which videos, if you mind
Save your money 💰 😂
Still you missed the point.😂
Good video. Alternatively, perhaps you think you’ve been doing all the right things but you still haven’t quite figured out how to use the Law of Attraction to get money. You need to be positive to actually attract things you want. The law of attraction is one thing, having the belief that you can actually attract what you want. Belief is key to everything we do in life. Everything we do in life comes with planning. I’m not here to convince anybody about anything..
Everything starts with a mind of thoughts that you want to be like! Always think before you start committing yourself in whatever you wishes to do..
Anything you want to be great at, will take you’re absolute focus. It’s better to be a master at whatever it is you’re working at, than to be a jack of all trades that has mastered nothing.
The first step to success, is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
John Desmond Heppolette has been a significant step in my financial life journey, providing valuable knowledge, actionable advice, and motivational content. His supportive community has boosted my confidence, work engagement and has inspired me to strive for excellence. His assistance is a secret weapon for great financial growth, and his online presence is a must-see for anyone looking to improve their financial situation.
Needed to see this today, struggling with my finances for years now after my divorce, I just discovered his outstanding resume when I made a google research of his full names online. He appears smart and well proficient. I count it a blessing that i came across this comment section..
Ah.
#1 most common money mistake:
Being poor.
@WhatsApp Well I have something even bigger than that to introduce to you.
Maybe nearer the mark, "Being _unable_ to make money." Everything she says in this video is contingent on the assumption that any given person is capable of working and saving money, and that's obviously not the case.
I'm really much impressed with your personality here. And your posts are so interesting..
Literally of mankind we may say in general they are fickle, hypocritical, and greedy of gain.
mankind may say in general they are fickle, hypocritical, and greedy of gain.
Their videos are so high quality, learning aside, it's pure aesthetic joy just watching them.
The fonts are so beautiful too! wonder which ones they are.
The fact that this wasn’t even a goal setting video but actually explained it perfectly with more clarity is amazing🙌🙌
I love the repeat. every time one repeats something, they get better with a growth mindset.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Mrs Jane Davis.
She's a licensed broker here in the states
YES!!! That's exactly her name (Jane Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
In a perspective that has less to do with personal finance, but broader socio-economic context the following three quotes about money can highlight some important aspects:
- "Basicly money = debt"
- "The money isn't gone, it just belongs to somebody else."
- "Nobody wants money... everybody wants what money can buy."
I like how this is the most basic information but told in the tone of great wisdom
Simple. Be well educated. Work hard. Make more money. Save as much as possible. Be frugal. Live within your means.
You hit the nail on the head, now travel and be generous to others.
Thinking about money isn't certain that you will make money
exactamente, si no encuentras la manera de multiplicar tu dinero, un día te despertarás y te darás cuenta de que el dinero que creías tener, se había agotado. La inversión es una escalera para escalar el muro financiero.
You are right, imagine working for 40yrs only to have $1m in your retirement, while some people are putting just $10k in a meme coin for just few months and become multi millionaires. if you don't invest, you're missing out on opportunities to increase your financial status
fact,Money invested is much more better than money saved, when you invest, it gives you the opportunities to increase your financial worth.
@@evelyhwar-jf5zgwow,I love your ideas because financial stability and wealth is someone ability to convert earned income into massive profit to build generational wealth.
Yeah 👍,for you to be wealthy you will have to invest because working all day his just for survival not for abundance.
FANTASTIC video. Background not necessary.
That tree analogy was awesome. This is essentially how i think but could never articulate that as well as you just did.
I also got 1 single principle for managing money better First rule ;"don't go out and spend money on stuff you dont need" done!
4. Minimize your tax payment
5. Buy good-quality things
How can you minimize your tax payment.thanks for the two tips but I need an elaboration on tax payment minimization
Mill Burray using some unknown loop holes
It's more important to grow your income than to reduce your taxes.
saying reduce your tax payments is like saying cut Medicare, Medicaid, unemployment, libraries, schools.
the more logical answer would be to say to get corps to pay their fair share of taxes. so THE PEOPLE can stop subsidizing corps through bailouts.
honestly this channel is blessing to humanity
SO MUCH good information packed into this short video. Bravo!
Can you point out one single piece of information that isn't obvious?
Watching this after reading Debt by David Graeber and the dawn of everything by David Graeber and David Wengrow just shows how narrow some of the answers we are presented with really are. Why are we not bold enough to change a failed system. The truest definition of madness.
Putting well-earned money into the stock market can't be over emphasised for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me?
If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.
Thank you for educating people on the resource of money. The tree illustration with the roots and branches is John 15:1-10, as a children of God. I learned through tithing that living your values is where true riches are.
I agree with a lot of the things mentioned, I'm just not so sure about the idea of using fear as a motivator... People tend to make poor, rash and irrational decisions when they only use fear as a motivator. - Yes fear can be utilized, but it must be accompanied with rational thinking and good planning.
One of the most stunning things I learned about modern economies is that money is created out of thin air when someone takes out a loan and goes into debt. I was well into my forties when I learned this about modern money. At first I did not believe it and it is certainly not what I was taught about money in my younger days. The money is created by entering numbers into the borrower’s account when the borrower takes out the loan. As the loan is paid back, the money that was created for the loan is eliminated and no longer exists, but the bank or financial institution that created the money gets to keep the interest that was paid. So, the more debt there is, the more money there is and the more interest that is paid to the bank. Modern money is mostly about getting governments, corporations, businesses and people into debt and there is also quite a bit of smoke and mirrors involved.
On the international level, debt has been used as a tool to gain power, status and influence over other countries for centuries. In the past century, the US perfected this technique. In the 21st century, China and some other countries have also learned this trick. The idea is to keep the borrowers continuously in debt so they can continuously keep paying interest to the “lenders”. The joke is that the money given out for the loans that make up this debt does not exist. It is basically a “fake loan” and to make the joke even better, to get a loan like this, most of us including governments of other countries have to put up some collateral, so if you default, they can take ownership of your collateral. So basically, they get whatever collateral you put up for free and with no risk since the money they “lent” you did not exist. Supposedly, this has been determined to be a legitimate way to do business! This is how the US has been able to be the dominant player in the world economy but is now being challenged.
The Gross Domestic Product (GDP) represents the size of the economy which is the amount of money the economy is worth. When the economy is continuously growing, the GDP is also continually growing. Similar to any addiction, more and more borrowing is needed to have the same effect on economic growth. When the government debt starts to become greater than the value of the Gross Domestic Product (GDP), technically it will no longer be possible to pay back the government debt. If it continues, the buying power of money will start to be significantly reduced and if the government debt starts to become several more times higher than the GDP, the money and financial systems will probably collapse. If this happens, the system is reset and the cycle is repeated. During the run up there will be some good times but, after the reset, times will probably not be good and war is also a possibility. This cycle has been repeated continuously throughout history from the Chinese Dynasties to the Roman Empire to Germany after World War One and to Argentina, Venezuela and to many African and Asian nations in the 21st century. Not sure if the US can avoid this cycle. If they can, they would be the first.
The idea and thinking that the economy always has to grow for there to be innovation, progress and prosperity may be a problem on a finite planet with limited resources and the focus now needs to be on sustainability not on growth! Presently if the economy is not growing, it is considered a failure. This type of thinking cannot go on uninterrupted on a finite planet with finite resources. There needs to be flexibility in the system for the economy to expand and contract and for a contraction to be considered normal and not a problem or a failure. The contraction needs to be just as prosperous and productive as the expansion. For this type of thinking to work, there needs to be some new economic theories and models developed along with some new types of money and financial systems based on economic sustainability not on economic growth and money inflation. I am sure there will be some Nobel prizes awarded to the academics, economists, corporate CEO's and business leaders and of course politicians and government officials that can figure out how to make a sustainable economy work and how not to devalue the nation’s money in the process.
The way this can begin and improve peace and fairness at the same time is when our business, government and academic leaders along with our wealthiest and brightest and smartest among us and this would include people making UA-cam videos can learn to be much more truthful, honest and trustworthy and learn how not to be greedy and learn how not to become corrupt and along with a majority of us can start to understand that the wellbeing and happiness of others benefits everyone and is the bases for morality.
Yes, in total makeover book, I read Dave Ramsey explaining how in fact debt only makes the bank rich. Now I also sense that if it was not possible to borrow money from the bank to buy a single home, homes would be at least 20 to 40% cheaper.
Thanks ❤❤❤❤❤
You just inspired me to hold a local toy swap so parents don’t have to go into further debt this Christmas. Thank you
Or just not celebrate it and you won't have to worry about it at all
I like how you used analogous thinking to explain first principles thinking.
"if you don't find a way to make money while you sleep you will have to work hard until you old".
You're right, it's obvious a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to remain poor
I recently got into forex trading and im already marveling over the profits I'm making, I'm like " how the hell have i been sleeping on this
@@christopherhobb7702Same here, I wish I knew about this Bitcoin trading earlier, brace up and get yourself some Bitcoin before it's too late
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Learn and trade under a guide I do same and I hardly make losses in the market
10 Take a home message:
1. Introduction to the concept of trade-offs and limited resources:
- Every choice involves trade-offs; money is a limited resource, and the same applies to time, focus, energy, and attention.
2. Importance of managing money effectively:
- Managing money well is equivalent to managing life effectively.
3. First-principles thinking for money management:
- When asking about money management, focus on first-principles thinking, starting with values, philosophy, goals, strategies, and then tactics/products.
4. Reframing personal finance as financial independence (FI):
- Reframe personal finance as financial independence (FI) for a more appealing perspective.
- FI is achieved when potential passive income covers basic expenses, providing freedom and choices.
5. Three steps to achieve FI:
- Grow the gap (increase the difference between income and expenses).
- Invest the gap.
- Repeat the process over a lifetime.
6. Strategies to grow the gap:
- To grow the gap, increase income or reduce spending.
- Address psychological issues related to spending.
7. Saving and investing for FI:
- Aim to save and invest at least 20% of income, including debt payments, retirement savings, investments, and an emergency fund.
- Gradually increase the savings rate to reach the target percentage.
8. FI for everyone and individual circumstances:
- Pursuing FI is for everyone, and the initial steps vary based on individual circumstances.
9. Embracing the volatility of the world and using fear as motivation:
- Embrace the volatility of the world and use fear as motivation to make wise decisions about money, time, and effort.
10. Building an intentional life for joy and fulfillment:
- Building an intentional life brings joy and fulfillment.
MY 2 CENTS: The tactic that has worked for me in the past 5 years is understanding that money is a game of debt and credit. If we remove one of the 2, Money DOES NOT EXIST. So How does one have enough for everything (which probably goes against the knowledge shared in this video)? I've taught myself Skills to get MORE credit than Debt and so far the best way to do that is putting others into MONTHLY DEBT (Yup sounds wrong but the benefits have left me with somewhat a healthy passive cashflow) and in today's world there's billion ways to put people into Monthly debt through a Subscription based Business Model, such as online teaching or real estate.
I have a problem from the root. I find it difficult to comprehend about money especially that I wasn't taught and my parents weren't wise with money. I love when she said "I'm obsessed in saving money".... I do too feel obsessed but lack the will to do it.
So theres 2 business opportunities I want to start and want to focus on one for the next 3 months and then start the other. I want to do both but cant decide which to do first. I think this videos answered my question! Sales or AI, looks like I need to perfect my sales skills first as the root before embarking on other business opportunities.
borlest - forbidden money books (thank me later)
What is this bs? What is it backed by? Tell me already
I'm really much impressed with your personality here. And your posts are so interesting
In spite of everything, I still believe that people are really good at heart.
Sounds smart . . . not only tactically but also philosophically. Thanks.
Macroeconomically, that is, as a society, we can afford anything we can build. Microeconomically, as individuals, it is absolutely false that everyone can have anything but everything. The way capitalism is structured, within and across societies, does not allow everyone to have anything, let alone everything; in that last bit, she's absolutely correct. And no matter how hard people who are in some situation try, they will never be able to escape the poverty trap. Otherwise, the video is quite good.
This has been a very educational take on about money. I wish more UA-camrs take the time to create quality content like this. Thank you for sharing this take. Keep it up!
Simple and Straight to the point!
THANKS